He is Already a Tycoon at a Young Age! - Chapter 36



Only Noblemtl

#036

“50% in dollars?”

“Yes, that’s right. I also served in the Republic of Korea Army for 30 years.”

“I also heard from my aide that you are a three-star general.”

“That’s why I’m proposing. If the latest Russian weapons and equipment, specifically tanks, armored vehicles, surface-to-air missiles, and helicopters, were exported to South Korea and deployed in the field, even the most sturdy Russian tanks and helicopters would need repair parts. Imagine if one Russian helicopter were deployed to a South Korean fire department as a civilian firefighting helicopter, not a military helicopter.”

It was Taean Industry CEO Park Moon-soo who first brought up the topic of tanks, but then suddenly changed the subject to helicopters.

“So you’re saying that in order for that helicopter to be operational, it needs a constant supply of maintenance parts?”

“Yes, there is a Korean saying that this situation is like saying that the belly is bigger than the stomach. And we will also need Russian engineers to operate and maintain all that equipment.”

“But why did you suddenly change the subject from talking about tanks, armored vehicles, and surface-to-air missiles to helicopters?”

“If helicopters are seen as a major export item on the outside, wouldn’t the Russian government also be able to avoid political problems? Of course, this is on the condition that tanks and armored vehicles are also exported along with helicopters.”

“Are you really paying 50% in dollars?”

“Of course. Taean Industry is located between the Russian government and the South Korean government, and the Russian government sells helicopters and various equipment to Taean Industry.”

“Then that means you’re not selling it directly.”

“Yes, now the Russian government is more free from all issues. And Taean Industry only needs to receive a small commission from the Russian government.”

“A small fee?”

“Yes, I think 10% of the export amount would be appropriate.”

“Hahaha, it was a matter of repaying a 1.5 billion dollar loan, and they said they would pay 50% in dollars, so the arms export volume increased from 1.5 billion dollars to 3 billion dollars.”

“If we export the parts and manpower of that equipment along with it, it will be a $5 billion export business.”

“More than 5 billion dollars?”

“Yes. And if the Russian government builds trust with the South Korean government through this export project, the South Korean government, whose economy is developing, can encourage South Korean companies to invest in Russia. If that happens, the Russian government’s profits will be several times the $5 billion.”

The Russian Deputy Minister of Defense nodded without realizing it in response to Taean Industry CEO Park Moon-soo’s remarks.

“Okay. I will review it positively and report it to the final decision maker.”

“thank you.”

“I don’t think it’s something you should be thankful for, since it’s for the national interest of both countries. Hahaha!”

Even though he says things like that, he is the Russian Deputy Minister of Defense who blatantly shows his eyes to others as if he wants them to take care of him too.

It was President Park Moon-soo who immediately saw through it.

“I will make a separate appointment for the Vice Minister. I would like to meet the Minister then.”

“Hahaha, let’s do that.”

This was the moment when Ji-seong’s planned bear business became successful.

* * *

April 29, 1993, GL Group Chairman’s Office.

“Samjung Electronics of Samjung Group may acquire Korea Semiconductor, so you’re saying you’ll acquire it?”

The GL Group chairman asked his eldest son, the president of GL Electronics.

“Yes, that is one of the reasons, and GL Electronics is the second largest non-memory semiconductor company in Korea. So if it acquires Korea Semiconductor, which is up for sale while it is running the memory semiconductor business, it can become the number one semiconductor company in Korea.”

“That’s true.”

“And father.”

“why?”

“Debts must be repaid.”

“debt?”

“I developed a kimchi refrigerator with great ambition, but it failed because of Samsung Electronics’ low-price strategy. I think it is time to pay off the debt.”

“Don’t blame others. Even to me, the kimchi refrigerator made by Samsung Electronics looked better than the one you made. It’s just that I’m upset that they stuck to a low-price strategy even though they had a perfect market share, just to ruin you, their son-in-law.”

“Yes, that’s right. I definitely made it better. So I want to pay it back. If I succeed in acquiring Korea Semiconductor and prevent Samsung Electronics from entering the semiconductor industry, I plan to enter the mobile phone business as well.”

“Mobile phone business?”

“Yes, we have already entered into a technology partnership with Motorola.”

“already?”

“Yes, Samsung Electronics’ new mobile phone is scheduled to be released this fall. We plan to release it at that time.”

“Aren’t you rushing too much?”

“You have to pay what you owe.”

At the words of the GL Electronics president, the GL Group chairman looked at his eldest son for a moment.

“Yes, in order for GL Electronics to grow further, it must have a memory semiconductor division and also produce and sell mobile phones. If you’re going to fight your old father-in-law, then win this time, because this is a fight you started first.”

“Yes, I understand.”

Again, the special relationship(?) of the head of Samjung Group and the president of GL Electronics clashed.

* * *

April 30, 1993, Pacific Investment Corporation office.

“As you expected, sir, as soon as the police officers were found not guilty in court, angry black people rioted.”

As soon as the trial results were announced yesterday, the LA area was hit with riots by black people.

As I expected, all of LA’s public power was directed at the area where wealthy white people live, and LA’s Korean community was thrown at angry black people.

‘Not exactly, though.’

The damage caused by the riots, which will continue until May 4, is expected to exceed 3 trillion won.

“It’s a shame. The LAPD is all dispatched to areas where there are a lot of rich, white people.”

“Yes, that’s right. Suddenly, the Korean community was thrown as prey to black mobs.”

Even the always calm team leader Lee Seo-jin was excited.

“Please stop worrying about Koreans in LA.”

When you have to be cool, you have to be cool.

‘There’s nothing I can do for you right now.’

What I can do going forward is to send relief supplies under the name of Pacific Investment Corporation.

‘and.’

The idea is to establish a capital company to rebuild LA’s Korean community.

“Let’s be cool now. After all, I predicted the LA riots and bet on the Nasdaq index going down.”

“Yes, that’s right. If the riots continue like this until early May, the US Nasdaq index is likely to fall by 7-9%. The expected return on investment products designed accordingly is likely to be a little over 100 billion.”

Pacific Investment Corporation was established as a U.S. corporation.

At the same time that the US investment corporation was established, a Korean branch of the Pacific Investment Corporation was also established.

“CEO.”

I called my great-uncle, who had not said anything until now.

“Speak.”

“Can Samjung Life Insurance scout elite employees related to insurance loans?”

“Did you say Samjeong Life Insurance?”

“Yes, there must be a problem, right?”

“As you know, Ji-seong, that place is no different from enemy territory, and your two uncles must have already been informed of the fact that I scouted elite low-level employees from the headquarters and key affiliates of the Samjung Group and sent them from Taean Industrial to Taean Yanghwa. You could suffer the consequences.”

“That’s true, but the competition between the families of the conglomerates is something that ordinary employees don’t care about.”

“That’s true, but I don’t think it’s necessary to take away elite employees from Samjung Life Insurance. But what about taking away elite employees from Samjung Life Insurance? Ji-seong, are you planning to start a capital business?”

“yes.”

“It sounds good to say it’s a capital business, but in the end it’s just a loan business.”

“I know, I’m going to make 100 billion won from the blood and tears of Koreans in LA. 100 billion won is a huge amount of profit, so I want to help Koreans who lost everything in the riots get back on their feet. Of course, I’ll make a little profit.”

What I want is not just a little profit.

‘The influence of the Korean American Association.’

And their cohesion and connections!

Through this, we plan to advance into the investment business in the US mainland.

“Are you saying that you will return at least some of the profits that were earned through the blood and tears of Koreans?”

“Yes, I hope so. They won’t come back to South Korea just because they caused everything in the US with riots.”

“That’s true. And you’re planning to make some money while also branching into the LA-based loan business.”

“Yes, that’s the real goal. I think the U.S. government will ignore Koreans.”

“Okay, I’ll look for a suitable candidate among the savings banks.”

“Thank you. And the CEO.”

“I think I’ll order another investment since it’ll generate 100 billion in profits.”

All the investment managers’ eyes sparkled at CEO Park Seon’s words.

“It’s not an investment, it’s a business.”

“Another startup? It’s only May, and there are already four companies that you founded and are the largest shareholder of. Too much expansion could be problematic.”

“I also agree with what the CEO said.”

Team Leader Lee Seo-jin also agreed with Director Park Seon’s comments.

“I think it’s time to expand.”

Investment manager Han Jun-ho agreed with my opinion.

“When is it time to expand?”

My uncle, who is the general manager, does not speak informally to his subordinates.

“Yes, I think that’s probably what the CEO thinks. He thinks that a company without expansion and growth, or rather a company without a spirit of challenge, will collapse. I think so too. Some may say that this kind of expansion is a house of cards, but if the investments that mature in September and March are successfully completed, they will generate profits of more than 1 trillion won. So I think that whether you’re starting a business or investing, you should prepare in advance.”

“Does Ji-seong think the same as Manager Han?”

“Yes, I think so too. And this time, the investment is a bit big.”

“Is he big?”

“Yes, so far we have invested in and started businesses in non-mainstream fields. Now we are going to invest in mainstream industries.”

“What about the mainstream industry?”

My great-uncle frowned without realizing it.

“By the end of May, we will have 100 billion won in funds, and if we cash out bearer bonds, we will have another 60 billion won.”

“Yes, if you add the reserve fund, it will be slightly less than 200 billion.”

“If we sell all the remaining Pangyo real estate, it will probably be worth more than 300 billion won.”

“Are you selling all of the land in Pangyo this time?”

“yes.”

“Where on earth are you planning to invest?”

“It’s not an investment, it’s an acquisition.”

“Takeover? You really?”

The CEO seems to have just noticed.

“Yes, I am thinking of acquiring that company. I am thinking of acquiring Korea Semiconductor. Analyst Kim Eung-soo.”

“Yes, sir.”

“Please report on your analysis of Korean semiconductors.”

“Based on the preliminary data given to me and the analysis of as much data as possible, Korea Semiconductor is worth about 150 billion won. However, since GL Electronics and Mirae Electronics, which are in the non-memory semiconductor sector, are likely to enter the memory semiconductor sector, I estimate that at least 200 billion won will be needed as acquisition funds. In addition, Samjung Electronics, which may be a partner company, may also participate in the acquisition battle as this is likely to be its last opportunity to enter the semiconductor industry. In that case, more than 250 billion won will be needed.”

“At least 250 billion?”

Episode 37