He is Already a Tycoon at a Young Age! - Chapter 105



Only Noblemtl

#105

July 19, 1997, inside the Samjung Group’s private plane heading to California’s Silicon Valley.

The reason I can freely use my grandfather’s private plane, the chairman of Samjung Group, is because I am the fourth generation of the Samjung Group conglomerate.

“It is said that the president of Taean Battery and the president of Taean Electronics have also arrived in California.”

The chief secretary reported to me.

“What about the president of Taean Solartech?”

Taean Solar Tech?

Taean Solartech is a company that was spun off from Taean Battery and develops solar panels.

“The president of Taean Solartech has also departed. And the president of Taean Seed has departed for Saudi Arabia and is currently conducting a soil survey.”

I have already dispatched the president of Pacific Investment Corporation, an American citizen, to Saudi Arabia to meet the old prince who will become the next King of Saudi Arabia. Of course, there was a lot of lobbying to meet the old prince.

‘People with a lot of money.’

I felt once again that money is more important.

‘Accept a bribe and have an audience.’

The old prince of Saudi Arabia is such a being. Anyway, all the presidents of the core affiliates of Taean Group have arrived in California’s Silicon Valley, where I am headed.

‘Tesla.’

We plan to establish a company in the United States under the mission of Thunderbolt, and now is the time to start pushing forward with it in earnest.

[Sir, we have succeeded in developing an electric vehicle battery.]

[What is the performance of electric vehicle batteries?]

[Can travel up to 200 kilometers on a single charge.]

[It can only travel 200 kilometers, but that’s still amazing.]

[Yes, that’s right.]

Taean Battery invested a huge amount of money in research and development and purchased global patents related to electric vehicle batteries to finally complete the electric vehicle battery using its own technology.

[Must be able to drive up to 500 kilometers.]

[That would be a revolutionary increase in driving range, something that is difficult to achieve with current electric vehicle battery technology.]

[Sir, you have to do something difficult to succeed and it is a business. You can use as much research and development money as you want. Just get started.]

[Yes, I understand.]

[First of all, in order to further increase the current driving range, we need to innovatively reduce the body weight of the electric vehicle to be developed, right?]

[That’s true. Start developing a special alloy based on aluminum. Also, accelerate the development of mass extraction technology for graphene. You can succeed in the electric vehicle business only if you can extract graphene, which is called the dream new material, in large quantities.]

When I think about it, the beginning and end of the electric vehicle business is high-performance batteries. That’s why I started researching electric vehicle batteries when Taean Electronics was founded.

Eventually, the battery division was separated from Taean Electronics and Taean Battery was established.

‘And then.’

It came to this point by separating Taean Battery from the solar panel manufacturing company Taean Solartech.

‘They said that electric cars are all about the battery.’

The electric vehicle body must be light. So, all the special steel-related technologies must be concentrated to create the Thunderbolt electric vehicle, which will be established in California’s Silicon Valley.

‘finally.’

The key to electric vehicles is charging stations. Thunderbolt plans to build electric vehicle charging stations across the United States, starting with Silicon Valley in California, where its headquarters and factory will be established.

“How far along are the preparations for establishing Taean Distribution in Korea?”

I would like to say that Taean Distribution’s offline business division is the core of electric vehicle charging stations.

[This is Jack Premium, the newly appointed Taean Distribution President.]

I appointed an American as the president of Taean Distribution.

[Jack Premium CEO, Taean Distribution’s core is its online shopping mall, but its offline warehouse mart is its core. It also operates an electric vehicle charging station.]

[According to what the CEO said, you are planning to build an offline warehouse-type mart in a place where there is an electric vehicle charging station.]

[Yes, Taean Distribution is a distribution company with Korean nationality, but its business location is ultimately in the United States, and among them, it will start in California.]

[The first offline warehouse mart will be in Silicon Valley.]

[Yes, the center of the US IT industry is Silicon Valley, and IT engineers working there will be the main consumers of electric vehicles. They will think that they are different from ordinary people and will pursue new things. The beginning of this is electric vehicles. In fact, men will feel superior by driving electric vehicles that others do not drive.]

[I think the CEO’s business idea is amazing. I didn’t know you would connect electric vehicle charging stations with offline warehouse-type marts.]

[Connecting that, we are entering the US distribution business. We are also focusing on real estate investment. You know McDonald’s. They say that in the process of expanding McDonald’s branches, they made real estate investments through those branches. I am the same.]

[Yes.]

[The name of the electric car company was decided to be Thunderbolt, so the name of the offline warehouse-type mart that will be built together with the electric car charging station is Thunderbolt Center. And that Thunderbolt Center will not be just a mart where you buy products, but it will be developed into a space with various elements that Americans, not just consumers, can enjoy.]

[If that’s the business idea, the Thunderbolt Center would be quite large.]

[Yes, we should. We plan to make it a cultural center. We also plan to open over 1,000 electric vehicle charging stations across the U.S., and those 1,000 electric vehicle charging stations, called Thunderbolt Centers, will become logistics warehouses. Then we can enter the North American logistics distribution business.]

[That’s amazing.]

[Taean Logistics needs an innovative logistics transportation system to attract the attention of Americans. It may sound grandiose, but I hope it will eventually start a show.]

[Did you say show?]

[I’m thinking about starting drone delivery.]

[Drone?]

At that time, I explained in detail about drones to the CEO of Taean Logistics Jack Premium.

When President Jack Premium heard that explanation, his mouth dropped open like everyone else’s.

[I feel a bit bad about saying this, but if you were born in the United States, you would have been even more amazing.]

[That’s not true. I was born into the fourth generation of the Samjung Group conglomerate, so it was really easy for me to get here. They say America is a land of opportunity, but I was born with a lot of opportunities in my hands. Anyway, the core of Thunderbolt, an electric car company, is the expansion of Thunderbolt Center, an electric car charging station.]

And the heart of the Thunderbolt Center will be its power generation from solar panels.

‘All businesses are connected in the end.’

This is the basis of how I run my business.

“Taean Logistics Jack Premium President is also moving to California to check out the site of the first Thunderbolt Center. But Mr. President.”

The chief secretary called me over, noticing my expression.

“I see, Chief Secretary, you have some advice for me.”

“Yes, I think I should report on the domestic atmosphere.”

“What is it?”

“Public opinion is forming that Taean Group is damaging the interests of shareholders by focusing on splitting up its affiliates.”

I nodded to the chief secretary’s words.

‘That’s true.’

Taean Electronics separated the battery division to establish Taean Battery. It was natural that negative public opinion would form since the core business division, the battery division, was separated.

“That’s true.”

“Yes, but due to the nature of the Taean Group, there are not many shares in circulation. And after I confirmed the source of the public opinion, it was confirmed to be the GL Group Vice Chairman’s Office.”

GL Group Vice Chairman Mo?

“This is the last straw, Chief Secretary. What is the current South Korean composite stock index?”

“The current South Korea Composite Stock Price Index is 425 points. There is an analysis showing that if George Soros withdraws his funds from South Korea, it will fall to 400 points.”

“GL Group Vice Chairman Koo Seong-mo must be suffocating.”

Anyway, I am taking over the financial world of South Korea.

‘All businesses are connected.’

That’s the point.

“It seems so. And I have additional information to report. The president of Samjeong Life Insurance has notified me that he will meet with you.”

“But he’s still my uncle.”

“Sir, why didn’t you take it away?”

The president of Samjeong Life Insurance is my second uncle. And he was also my father’s rival in the group’s succession issue. Of course, my second uncle should have been wary of me.

‘I didn’t even know who my real opponent was.’

It was a defeat.

“I apologize if this is an impertinent question.”

“No. I know everyone has that question. Only the Chief Secretary knows, but I own 15% of Samjung Life Insurance in someone else’s name.”

“Yes, if it were that stake and the achievements you have made in a short period of time, you could have called an emergency shareholders’ meeting and made Samjung Life Insurance an affiliate of Taean Group.”

“Yes, but it’s not all about money.”

No matter what anyone says, he is a family man.

And my uncle.

‘Grandfather and his brothers.’

We live as enemies, but I don’t want to be like that.

why?

Because I am a greedy person.

‘Centered on me.’

My intermediate goal is for my family and my maternal family to take over the financial world of South Korea and dominate the Asian economy, thereby making the country the center of the world economy.

‘So already.’

Through the maternal side, Youngsilup, they are eating away at the Bangladeshi economy.

I am personally moving to establish a joint bank with a private investment bank and a royal bank in Thailand.

“Ah, you are a very lucky person.”

“Anyway, that’s it. And I guess I’ll have to put an end to the GL Group.”

Vice Chairman Koo Seong-mo will feel a sense of crisis. He invested against derivatives and now the Korea Composite Stock Price Index has fallen below 400 points. When 1997 ends, he will have to take away GL Securities and GL Electronics.

“I will make sure to collect all the information.”

“Okay, and I think I need to get some rest.”

“Yes, sir.”

* * *

A farm near the capital of Saudi Arabia.

The Taean Seed CEO, who was sent to Saudi Arabia by Ji-sung, visited a farm in Saudi Arabia where he had worked with geologists and groundwater development operators.

“Ha, I can’t breathe.”

“That’s right. Saudi Arabia is indeed a country of sun and sand. With this kind of climate, the amount of water that evaporates must be unimaginable.”

“Yes, sir.”

The groundwater development operator who came with the Taean Seed President answered the Taean Seed President.

“I looked at a few of the farms that we collaborated with and surprisingly they had abundant groundwater.”

“We develop groundwater and use it to produce crops.”

“Yes. But the amount of evaporation is beyond imagination. It seems that up to 30% of the groundwater extracted from the ground evaporates due to the sun. No matter how abundant the groundwater is, if this continues, it will eventually be depleted.”

“Yes.”

“No matter what anyone says, the Middle East is a region with a shortage of water. If we continue to exploit groundwater like this, it will eventually become a serious problem.”

The Taean Seed CEO also nodded in agreement with the groundwater development operator’s words.

‘The president instructed me to improve the seedlings.’

The Taean Seed Farm president thought of Ji-seong. The fact that a groundwater development operator was included in the local research team for the development of new varieties suitable for the Middle East region might mean that Ji-seong had another plan.

‘Are you going to change the overall agricultural structure?’

But is that even possible? The president of Taean Seed Company was questionable.

No matter what anyone says, this is Saudi Arabia.