He is Already a Tycoon at a Young Age! - Chapter 32



Only Noblemtl

#032

The study of the Samjung Group Chairman’s residence.

“I heard that the return on the index investment that you and Ji-hyeong made started out negative and already 10% of the investment amount has been lost?”

By August of this year, the South Korean composite stock index will fall sharply.

‘If Grandpa knows.’

My first uncle and my second uncle will know too.

I think they’re probably openly cheering.

“Grandpa, are you a judge or a watcher?”

“If you look at it that way, it’s the organizer of the competition. Ji-sung said that you are the watcher of this old man. The competitors are said to be making a considerable profit.”

“Grandpa, this is just the beginning, and it won’t be over until it’s over. And if you give me this information, what can I say? It’s a trick by the organizers.”

“Hahaha, is this a trick by the organizers?”

“That’s right.”

“What are the businesses you are pursuing so boldly?”

In the end, my grandfather invested 100 million dollars in me.

So, you can’t help but wonder.

“All preparations are complete. The establishment of a domestic corporation that will be the main body of the business has been completed.”

“Since you’re talking about domestic corporations, I assume you’re also establishing corporations overseas?”

“Yes, that’s the only way to run the business smoothly. The Taean Industrial CEO said he would go to Russia with his entourage.”

“I bet your grandson’s relatives must have had a hard time going to that cold Russia because of you.”

“I am very enthusiastic about strengthening the military power of the Republic of Korea Armed Forces.”

“Yes, Ji-sung, your maternal grandfather is like that. And I respect him for that too.”

“You are someone who deserves much respect.”

“By the way, I looked into it, Ji-sung, you invested in the same index as your older brother Ji-hyeong. Ji-hyeong invested 1 billion won, you invested 500 million won, and the remaining 500 million won was invested in a music planning company. Now that the index has dropped considerably, Ji-hyeong is in 4th place and you are in 3rd place. Did you give up on the investment competition?”

“I told you, it ain’t over until it’s over.”

The reason my eldest brother came in last among the participants in the investment competition was because he invested 1 billion won in the South Korean index.

Because it is falling, the amount of loss is greater than mine.

“It’s not over yet, but are you saying you’ll give the first place to your brother? Or do you think the music production business will turn out to be incredibly profitable, contrary to everyone’s expectations?”

“You’ll know when you see it.”

I looked at my grandfather and smiled.

“Hahaha, just watch quietly?”

“Yes, it’s more fun that way.”

“That’s true, but what’s going on?”

“I came here because I have something to sell to you, grandpa.”

“Do you have something to sell me? You just recently received an unimaginable 100 million dollars in investment from me, and now you have something to sell me? Heh heh, Ji-sung, it looks like you’re going to become a tycoon by taking money from this old man’s pocket.”

“Grandpa, if it was a ridiculous proposal, would you have invested 100 million dollars in me? I proposed the future of Samjung Heavy Industries to you. You saw the bright expansion potential of that proposal and invested in me.”

“That’s right. If you had told me something so ridiculous, I wouldn’t have even gotten my teeth into a three-year-old pumpkin.”

“That’s why.”

“So, what did you come to sell me this time?”

“Respect.”

“Respect?”

“I came here to sell the respect that the people of the Republic of Korea should show to my grandfather.”

“Donation projects? We are doing that now. You may have heard from your great-uncle, but we are doing everything from scholarship projects to supporting hospital bills for children.”

“The scholarship program is about nurturing future partners who will protect the future of Samjeong, so it cannot be called a donation program.”

“Hahaha, it’s really fun talking to you like this.”

“It’s bound to be fun if we can communicate.”

“Yes, you are my little grandson, and from what I hear you say, you seem like a really great analyst. Okay, if not for that, what kind of respect do you intend to sell me?”

“Please look at this first.”

I took out a pair of white gloves from my pocket, put them on, and then took out the Hunminjeongeum Haeryebon that I had carefully wrapped in white cloth and put in my bag, and showed it to my grandfather.

“What, what is this?”

“There are probably only two or three copies left in Korea. And this book is the first Hunminjeongeum Haeryebon to be discovered among those two or three copies.”

“Hahaha, you’re saying that you came here to sell respect for this?”

My grandfather seems to know what I’m trying to say.

“Looking for someone to donate to the Samjeong Art Museum.”

“I am the donor and you are the seller?”

“Yes, because if I donate it, it won’t have much of an advertising effect. This is the Hunminjeongeum Haeryebon that Korean language scholars and cultural heritage experts have been desperately looking for.”

“If I were to sell my respect, I would have to donate it to the National Museum of Korea after exhibiting it at the Samjeong Art Museum for a few years.”

“That’s right. We can’t sell national treasures.”

“You’re going to sell it to me.”

“I plan to sell this Hunminjeongeum Haeryebon and the business of importing ancient art and cultural assets to my grandfather.”

“Business of importing ancient art and cultural assets?”

If you think about it, my grandfather, who is the chairman of Samjung Group, is my flowerpot right now.

‘The sizes are different.’

If I had been born into a poor family, I would still be struggling to make seed money. But I was born as the youngest grandson of a conglomerate.

Since I have the full trust of my grandfather, who is the head of the group, I was able to shorten the time.

“Yes, I’m thinking about starting a business importing cultural assets by attending Sotheby’s auctions in Hong Kong.”

“Are you asking for the Hunminjeongeum Haeryebon as the business fund?”

“yes.”

“Haha, this guy doesn’t have a knife, he’s a robber, a robber!”

“Grandpa, have you ever thought about what criteria are used to determine the value of ancient art and cultural assets? Have you ever thought about why cultural assets in Korea are not traded at high prices?”

“Until now, I have asked questions to everyone and they have answered, but you are the only one who asks questions to me and demands answers.”

“You know, Grandpa.”

“You know that, that’s why you’re going into the cultural property auction business.”

“Yes, I know.”

“It must be the difference in economic power between the countries.”

“What’s my score? I’ll give it a 70.”

“Only 70 points?”

“Yes, the national economic power of the country is the most important, but there are two other things that must be present.”

“What is that?”

“Pretense and scarcity. The country I’m talking about, as you can probably guess, is China. The Chinese live by pretense and die by pretense. And in the case of China, they have a history of eradicating their own culture with their own hands through the Cultural Revolution, so it’s only natural that Chinese cultural assets are scarce. In Korea, if ordinary people win the housing lottery, they buy an apartment. When a large-scale apartment development is announced, people who bought land there and became rich with the compensation buy luxury goods and move to Gangnam in Seoul. So what do the truly rich buy?”

The common people of the future of South Korea are crazy about luxury goods.

And when that brand starts to become popular among the common people, then the conglomerates and the rich no longer consider that luxury product to be a luxury product.

‘The value of luxury goods.’

Because it’s rare.

However, if a luxury product can be purchased by ordinary people through credit card installments, then it is not a luxury product.

That’s why the conglomerates and the truly rich become more enthusiastic about rare things.

“It must be a rare piece of ancient art.”

“Yes, there are probably more rich people in China than in South Korea. I’m not sure, but I think there are probably over a million people who are as rich as the heads of conglomerates.”

“Is that really so?”

“That means there are a lot of them. Those people compete with those people. And they show off, so they will buy porcelain and paintings made in the Qing or Ming Dynasty at high prices and show them off. If there is a Qing porcelain that is currently being auctioned at Sotheby’s in Hong Kong for 100 million, it could be worth 10 billion in five years, 10 years later it could skyrocket to 100 billion, and 20 years later, it could be sold for an absurd 1 trillion.”

“Jisung, you’re ultimately suggesting that we invest in the bluff of the Chinese tycoons.”

“Yes, I think it is a solid business and investment.”

“Hahaha, then what’s my score~”

This is the first time my grandfather has played a prank on me.

“yes?”

“It’s 60 points, and if you include the fact that it turned my expectations into disappointment, it’s 50 points.”

“What are you talking about?”

“You are only looking at the trees now. What should I say? I think you are a beginner woodcutter. You came into the forest with an axe to cut down good trees. When you came into the forest, you looked at the forest so as not to get lost, but when you entered the forest, you saw so many good trees that you forgot about the forest.”

“ah!”

I can see what my grandfather is trying to point out to me when he says this.

“The value of cultural assets is the national power and competitiveness of that country.”

“yes.”

“Yes, I will become a proper investor and businessman so that the cultural assets of the Republic of Korea can be valued 100 times more than they are now.”

“It’s funny how you understand so well even after saying it just once, hahaha!”

“So, Grandpa, how much will you pay for this Hunminjeongeum Haeryebon, and when will you donate it?”

“How much do you want to sell it for?”

“I think I’m worth a trillion.”

“You punk, even if this old man were to eat and die right now, he wouldn’t have even one trillion.”

Now this is a grandpa who is really joking with me.

“I’ll sell it for 50 billion.”

“50 billion?”

“If you don’t have money, you can give me shares of Samjung Electronics.”

“Haha, my grandson is really a robber, a robber.”

“Yes, that’s right.”

“Why is this guy who has no interest in the 1% stake in Samjung Trading that I gave as prize money for the competition so desperately trying to get a stake in Samjung Electronics? As far as I know, you already own 15% of the stake in Samjung Electronics.”

After purchasing 300,000 pyeong of land in Pangyo, the South Korean media properly branded my grandfather a real estate speculator.

My grandfather scolded my aunt and me, and at that time, I told him that I had already purchased the site for the semiconductor factory, so Samjung Group, no, Samjung Electronics, would soon enter the semiconductor industry.

‘It’s 10 years later than the original history.’

In fact, entering the semiconductor market now could be risky.

‘It could end up like Daehyun Group.’

Anyway, because of that, I ended up owning 15% of Samjung Electronics stock.

By selling some of the land in Pangyo.

“Because my father will make Samsung Electronics the world’s number one electronics company.”

“I wish I could do that too. And 50 billion is excessive, and from now on I will not treat you as a grandson, but only as a businessman. I will give you 5 billion.”

“Only 5 billion?”

“Okay, I have no reason to give you more. Hahaha!”

Grandpa seems to want to keep playing with me.

“Do you know what people from Chungcheong Province say in times like this?”

“What are you saying?”

“Just leave it, I’ll put it on the wall at home~”

“Hahaha, hahaha!”

Grandfather laughed out loud.

“The negotiations have broken down.”

“Yes, that’s right. But I’ll leave it behind. The safest place in Korea is next to my grandfather.”

“Okay.”

I need to prepare the investment funds for the cultural property auction business separately.

“Jisung-ah.”

“Yes, Grandpa.”

“Director Kim will come to you tomorrow.”

My grandfather looked at me with a very happy expression.

Episode 33