He is Already a Tycoon at a Young Age! - Chapter 114



Only Noblemtl

#114

Samjung Group Chairman’s Office.

When I arrived at the Samjung Group Chairman’s office, my uncle, the president of Samjung Life Insurance, was also there. I felt good seeing my grandfather, uncle, and father reconciled.

‘This is what a family should be like.’

When companies come together, they become a group.

The power of such groups grows stronger.

“Did you call Grandpa?”

“Yes, there is a lot to discuss as the domestic situation is changing rapidly.”

“I think so. The IMF investigation team has arrived, and the civilian government is lying to broadcasting stations and newspapers that they will never apply for an IMF bailout, even after the IMF investigation team arrived.”

“Is the government deceiving the people?”

“Yes, Grandpa. I think they want to minimize the confusion, but their real intention is to win the presidential election. If they ask the IMF for a bailout, they will think that they cannot guarantee the outcome of the presidential election. And the ruling party’s presidential candidate currently has a high approval rating.”

“You are right. The country is on the verge of ruin, but this time, the people will likely elect the ruling party’s presidential candidate. If this happens, nothing will ever change.”

“Grandpa, I don’t think so.”

As soon as I got here, I started talking about politics, no, the presidential election.

“What do you mean, Ji-seong, you are not? The approval rating of the ruling party’s presidential candidate is overwhelmingly higher than that of the opposition party’s presidential candidate.”

“But I still think of it as an opposition party. That’s why I’m confident that the government will change.”

“Jisung, you’re saying that?”

My uncle, the president of Samjeong Life Insurance, who had been quiet, asked me.

“Yes. I can guarantee it.”

A while later, a shooting incident occurred.

The issue of the ruling party’s presidential candidate’s son’s military service arises. Of course, it is later revealed that it was fabricated, but that is later.

“I’m surprised that Ji-sung is so confident. If that’s the case, I should support the opposition party.”

My grandfather, the head of the Samjung Group, told me.

“I think that would be a good idea for the Samjung Group. However, the Taesan Group and I will be keeping our distance from politics from now on.”

“Keeping your distance?”

“As the saying goes, ‘the flower will only last for ten days’. No matter how beautiful the flower is, it will become ugly after ten days. In my opinion, power won’t last more than ten years.”

“When a government changes, they think that government will last for 10 years.”

“It will take 10 years for the people to become disappointed.”

I can say this because I know the future.

‘and.’

If the opposition candidate is elected president, he will implement the Sunshine Policy.

‘if.’

If the new government had not had the IMF, which was the shit dumped by the civilian government, the Sunshine Policy would have been strengthened even more, and more illegal funds would have flowed into North Korea.

“So far, all your predictions have been correct. So I will support the opposition party more.”

“Yes, Grandpa.”

“And Ji-sung, there’s something the Blue House just told me. I think something surprising is going to happen.”

The reason why the Samjung Group is scary is because there are collaborators everywhere.

“Did the Blue House decide to ask Japan for emergency funds to avoid going to the IMF?”

My grandfather was also surprised by what I said.

My father was surprised, and my uncle, the president of Samjeong Life Insurance, was also surprised.

“Jisung, were you also notified unofficially?”

“No, that’s not true. I think so. In fact, it would be best for the people of the Republic of Korea not to receive bailout funds from the IMF.”

“It sounds like you are saying that it would be better for the people to receive a bailout and switch to the IMF system.”

“It’s the same for me and my grandfather, because the business landscape is changing. Even now, the Samjung Group is doing a good job of corporate shopping.”

“Hahaha, that’s true.”

“For capitalists or heads of large conglomerates with capital, a national crisis could be another opportunity.”

“You are right. But there is a high possibility that the Japanese government will provide emergency funds.”

My grandfather thought differently from me.

“Is that so?”

“Even though the South Korean economy has developed, it is no exaggeration to say that the South Korean economy is heavily dependent on Japan. Most of the parts for products are imported from Japanese companies, assembled, and then exported.”

“That may be true.”

“So if the South Korean economy collapses, exports will collapse, and that will hit the Japanese economy too, so the Japanese government may provide emergency financial support.”

“I don’t think so.”

“no?”

“The Japanese government already thinks of South Korea as a competitor. In fact, there are many areas where they have been overlapping with Japanese companies in terms of exports to the United States. And now is a good opportunity for Japanese capital to flow into South Korea.”

“Is that what you think?”

“yes.”

Financial liberalization is implemented as the new government transitions to the IMF system.

Accordingly, Japanese capital began to advance into South Korea in earnest, and the largest portion of this was private finance.

‘What money, what cash, these are mostly Japanese loans.’

It makes life harder for ordinary people in South Korea.

“Japan invested the money it earned from exports overseas from the 1970s to the early 1990s, so even though Japanese companies’ exports declined, it still remains the largest economy in Asia. In fact, financial investment is the best investment.”

“So Japanese capital is advancing?”

“That’s right. And in order to do that, South Korea needs to transition to the IMF system. The IMF will demand that foreign capital investment be liberalized.”

In fact, even if the civilian government had properly concluded currency swaps with Japan or the United States, the maximum damage would have been prevented.

‘But I trusted Japan and America too much.’

I got screwed.

‘Actually, if you think about it.’

When the IMF was established, the countries that contributed the largest amount of capital were the United States and Japan.

So the IMF has no choice but to act in the interests of the United States and Japan.

To put it simply, it is no exaggeration to say that the IMF is now playing the role of a missionary in the era of imperialism.

“Then, in the end, it will become an IMF system.”

“Yes, this civilian government will do whatever it takes to avoid receiving bailout funds from the IMF during its term in office.

So, they will negotiate secretly, and if that happens, the people of the Republic of Korea will suffer the most. The common people’s money will probably dry up.”

“Then Samjeong Life Insurance will also benefit greatly.”

My uncle looked at me and said right away.

“That’s how it will be, because when ordinary people have financial difficulties, they will be the first to cancel their insurance.”

Insurance companies really make money when policyholders cancel their policies.

‘Because the subscriber’s loss is large.’

But there’s nothing I can do.

Because insurance companies are not donation companies.

“Then Samjeong Life Insurance will have money to invest, Ji-seong, where should we invest?”

“You know that, uncle.”

“I know too?”

“When an economic crisis hits, real estate prices start to plummet.”

“That’s obvious.”

“A huge amount of real estate will be put up for sale in the short term. It will probably be a 30% drop in price. And I am confident that when South Korea switched to the IMF system, the real estate prices that fell sharply will recover in about six months. You can make a profit of more than 30% in a short period of time.”

“Hahaha, I think so too.”

“But, Grandpa.”

“Yeah, that’s not why I called you here to talk about this.”

“What would you like to discuss with me?”

“Now, Taean Group has surpassed Samjung Group in many areas. In particular, in the areas of financial investment and logistics, there is no company that can overwhelm Taean Group.”

“That’s true.”

“Jisung-ah.”

The look in the eyes of my grandfather, the chairman of the Samjeong Group, changed completely.

“Yes, Grandpa.”

“In this situation, wouldn’t it be huge if Samjung Group and Taean Group were to merge?”

I never thought my grandfather would make such a suggestion to me.

“Group merger?”

“Yes, I have discussed it with your father and your uncle.”

“Grandpa, is this the way Taean Group is being absorbed and merged into Samjeong Group?”

If my grandfather says so, I will refuse.

‘And vice versa.’

I think I’ll ask my grandfather to put his offer on hold.

“If the merger were to take place in that manner, would you be opposed to it?”

“Yes, Grandfather. And even if it were the other way around, I would still ask you to put your proposal on hold.”

“I see? Then it’s just a matter of time before the two groups merge, and you agree with Ji-sung.”

“It would have the greatest effect, but I don’t think there’s a need to do it voluntarily right now.”

“Are you saying that the government will even attempt to restructure companies if there is no need to do so voluntarily?”

“The IMF provides financial aid to countries in economic crisis and demands drastic structural adjustments to suit their tastes. And the new government cannot refuse that.”

All three nodded to what I said.

“The capital market and the service market will be completely opened. The opening of the capital market and the opening of the service industry market will provide great benefits to the United States. And we will also try to strengthen copyrights.”

“You are right.”

“If financial investment liberalization is declared, domestic conglomerates will falter, and along with that, the influence of conglomerate heads who control their conglomerates with small stakes will weaken. This means that capitalists with capital may eventually secure management rights of domestic companies or conglomerates and become the largest shareholders.”

“You are right.”

“Then I think that the Samjung Group should also break away from the group control through the conversion of its affiliates’ capital that everyone is cursing. A new era will open, and that era will bring opportunities along with crises. So we need to block the crisis first. In fact, the Taean Group is a group that does not have any conversion of its affiliates’ capital at all, and that is why it will become the most powerful group in the new era.”

My grandfather, father, and uncle looked surprised at what I said.

“It is not easy to acquire additional shares.”

“Of course. But the family of the founder must continue to secure shares.”

“That’s a given. In fact, compared to two years ago, my share and my family’s share have doubled.”

“But it’s still not enough.”

“That’s true. What you’re talking about is a problem that needs to be resolved within the Samjung Group, and Ji-sung, you predict that the new government will carry out corporate restructuring?”

“The new government will have to worry. When the IMF system comes into effect, it will have to decide which companies to save and which to liquidate. And in order to strengthen the global competitiveness of companies, it will demand corporate exchanges as the IMF demands.”

“I think you’re right.”

“When that time comes, Samjung Group should take the lead and implement group integration with Taean Group.”

“I guess so.”

“Then Ji-sung will become the president of the integrated group, hahaha!”

My uncle now seemed to fully accept me.

“Me?”

“After all, the Samjeong Group is also a group that you will inherit.”

After hearing my uncle’s words, I looked at my grandfather and father, and they both had the same look in their eyes.

‘I’ll be in my 20s next year.’

If you become the head of a large conglomerate at the age of 20, the whole world will be surprised.

‘And there.’

I’m planning to go to America in a few days.

And if everything planned in the United States is successful, Taean Group, which has absorbed Samjung Group, will become the world’s largest group.

“When that time comes, I can step down as honorary chairman, and your father, Ji-sung, will be able to pursue his dreams.”

Father also nodded at grandfather’s words.

‘If this is the case, the group will be integrated within two years.’

That’s a great thing.

Another thing that will surprise the world.

“Grandpa, if I have to do it in two years, I will do it.”

My grandfather smiled at my words.