He is Already a Tycoon at a Young Age! - Chapter 56



Only Noblemtl

#056

“If Ji-seong is as you say, then he can truly be called the new material of dreams.”

Grandfather was also impressed.

“yes.”

“But there might be a problem, right?”

“Yes, 99% of great things have 1% problems. That’s why 100% completion is difficult.”

“That 1% problem must be fatal, right? Otherwise, it would have already been developed.”

“That’s true. Graphene extraction technology has been secured, but securing mass production technology is still far away.”

“Doesn’t the word “predatory” mean almost impossible?”

“Yes, it is nearly impossible with the current level of science and technology, but as I grow taller, the world’s science and technology will also advance. In the next 10 years, or maybe even 20 years, it may take longer, but eventually we will secure mass extraction technology.”

“It is impossible for technology development to take another 20 years.”

“That’s right, but there’s no way that Samjung Group and Pacific Investment Corporation will go bankrupt in 20 years, Grandfather.”

“You’re a candidate for major shareholder?”

“Graphene will be responsible for the next 50 years of Samjung Group.”

“Jisung, in this fierce global competition, do you have to think about 50 years into the future? It’s hard to survive and win in the fierce competition right now.”

“That’s why it’s hard. We only think about today, the near future, and crises, so we don’t prepare for the distant future, which is why it’s hard. In that sense, I think that technology development and patent acquisition are more important than anything else. I think we need to prepare for the distant future, starting with securing the original technology we’ll use next year, and then preparing for the technology and patents we’ll need to develop and research for 10 years from now.”

“If what you say is true, then the technology to mass-produce graphene may not be developed until I die.”

“That may be the case, but it will be developed someday. And when my grandfather is the CEO of Samjung Group, I will develop amazing new drugs and biomaterials and make Samjung Group and Pacific Investment Corporation grow into the world’s best groups.”

“Jisung, at some point you are distinguishing between Samjeong Group and Pacific Investment Corporation.”

At times like this, my grandfather is really sharp.

“Yes, I think we need to distinguish between what we will inherit and what I will accomplish. I want to show the Taean Group, which was separated from the Samjung Group, taking control of the South Korean business world.”

“Taean Group?”

“Yes, if Taean Telecom is the largest telecommunications company in South Korea, it would not be a problem for it to expand into the group.”

“Now that I hear it, that’s true. Taean Communications has Taean Electronics and Taean Planning.”

“Yes, Grandpa.”

“Good. I will put my name on the list of major shareholders of Taean Telecom as you requested.”

“You are receiving the Taean Telecom stocks. At a reasonable price.”

“That’s a reasonable price, hahaha!”

“yes.”

In a conglomerate, freebies fall like a waterfall from above. So my grandfather, the chairman of Samjung Group, should be a waterfall for me.

“Okay, let’s do that. And!”

Grandfather’s eyes changed again.

“Yes, Grandpa.”

“You revealed to me your ambition to be the Taean Group, so you are in competition with the Samjeong Group.”

I never thought it would turn out like this.

“I was so intoxicated with my accomplishments that I made a fatal mistake.”

My grandfather smiled happily as he immediately realized what mistake I had made.

“I can see right away that you really have the makings of a businessman. Now that you’re competitors, you should stop poaching employees from Samjung Group and its affiliates.”

“Yes, I think that’s what it should be. But I think it’s possible for me to scout talent with better conditions because of the competition.”

“It is immoral to poach people from the same industry.”

“People who fail and lose out in competition talk about business ethics.”

My grandfather looked at me fiercely.

“Is that what you think?”

“Yes, I intend to act fiercely in a competitive situation with anyone.”

“So you are like a contradiction.”

“yes?”

“You initially told me that I should establish a general hospital and lay the groundwork for new drug and bio research. That was preparation for you, but now it is no longer a card you can use. Your strongest spear has also pierced your strongest shield.”

“That’s true. I’ll prepare that part separately.”

“Yes, I think that’s what we should do. However, I think the general hospital construction that you proposed will be a great help to the Samjeong Group and our family, so let’s push for it right away.”

“I will also prepare separately.”

“Yeah, my heart races every time I see you and hear your stories. That’s really nice.”

“Thank you, Grandpa.”

“Jisung, as I said, don’t fall into the contradiction of being yourself like you did today. From now on, I think the enemy you should be most wary of is not others, but yourself. No matter how great a person is, he or she cannot always succeed. And there is no guarantee that everything will go as planned and prepared. This is my advice as your grandfather.”

“Yes, Grandpa.”

“By the way, if Taean Telecom’s stock price continues to rise like this, how much will it rise?”

“It will continue to rise in the future. And next year, a stock that was worth 1,200 won will be worth 240,000 won.”

“200 times increase?”

“That’s the first goal.”

“What is the ultimate goal?”

“We will hit the highest point of 1,200,000 won and then carry out a 1/100th division.”

“Hahaha, you always have big dreams. I’ll look forward to it.”

“Yes, Grandpa.”

I smiled at my grandfather.

‘I have to spend my money on new drug bio development.’

I think I showed off too much in front of my grandfather.

* * *

A week later, Samjeong Securities.

Three days ago, something was announced that surprised all investors.

As the list of major shareholders of Taean Telecom was changed, the chairman of Samjung Group became the major shareholder with a 5% stake in Taean Telecom. Accordingly, Taean Telecom’s stock price hit the upper limit for the 10th day.

Individual investors tried desperately to buy Taean Telecom stocks, but they were unable to buy them even if they wanted to because the stock price hit the upper limit as soon as the stock market opened.

“It’s a company where even the chairman of Samjung Group is a major shareholder.”

“It’s a reliable company.”

“What if I’m sure? Even if I want to buy stocks, I can’t buy them because they hit the upper limit right after the market opens.”

“It’s already been 10 days in a row since today.”

“Isn’t this stock price manipulation?”

When an individual investor first brought up the stock manipulation story, everyone who heard him looked dumbfounded and brought him up.

“A company with the chairman of Samjung Group as its major shareholder, manipulating its stock price? Don’t talk nonsense. The chairman of Samjung Group is the richest person in South Korea, so how much more can he earn by manipulating the stock price of a small company like Taean Telecommunications?”

“Will the chairman of Samjung Group personally intervene?”

“What are you talking about?”

“One of the key executives of Taean Telecom is the son-in-law of the chairman of Samjeong Group. He’s the eldest son-in-law at that.”

“That’s nonsense.”

“Did the saccharin smuggling incident make sense back in the old days?”

People who advocate conspiracy theories can take anything and make it sound plausible.

“Saccharin smuggling?”

“There was a time like that.”

“That was then, and it is not now. The core of the fact that the chairman of Samjung Group acquired Taean Telecom’s shares through a three-party paid-in capital increase is that since Samjung Electronics is within Samjung Group, it is difficult for him to participate in the selection for the privatization of Korea Telecom’s mobile communications division, so he is pushing Taean Telecom.”

“I see. That’s true.”

“Just wait and see, Taean Telecom will participate in the open bidding for the privatization of Korea Telecom’s mobile communications division.”

“So that’s why it’s going up. If that’s the case, then I have to buy it no matter what.”

“Yes, it’s a stock that you absolutely must buy. Will the upper limit be lifted tomorrow?”

“Even if the upper limit is lifted, it’s too high and it’s hard to buy. There is a correction zone.”

“Taean Telecom is not a short-term investment, but a long-term investment. It is not a stock that will realize profits within 1-2 years, but a stock that should be passed on to grandchildren. If you look at the list of major shareholders, Cho Ji-seong, the grandson of the chairman of Samjung Group, owns 71%, and the chairman of Samjung Group owns 5%. You have to think about what this means.”

“Cash dividends?”

“Bingo~”

Everyone nodded at the word bingo. Anyway, as planned by Ji-seong, Taean Communications’ stock price rose every day and in some ways, it became an overvalued and risky stock.

However, as the general shareholders said, Taean Telecom would become a golden stock if it were reborn as a telecommunications company.

* * *

August 28, 1993, Taean Communications President’s Office.

Since my uncle was the president of Taean Electronics, Taean Communications scouted a professional manager.

“CEO Kang Cheol-jung.”

During the negotiations for the appointment of a professional manager, CEO candidate Kang Cheol-joong couldn’t hide his surprise like everyone else, but like everyone else, he said that if he just talked to me for five minutes, he would know my true worth.

And yet you don’t realize how great I am? You’re just a blocked-up person with no ability.

Of course, it is not true that people who are completely closed off are incompetent. There are also businessmen and managers who have the tenacity and determination that comes from old-fashionedness.

“Yes, our largest shareholder.”

What was special about President Kang Cheol-jung that was translucent to my eyes was his S-class marketing ability.

“As you know, there is only one reason why Taean Communications was established.”

“Yes, I know. When the mobile communications division was privatized, it was selected as the operator. In addition, since the Samjung Group owns Samjung Electronics, if it tried to own a telecommunications company as well, public sentiment could deteriorate and it could be subject to government control, so Taean Telecom was established.”

“That’s right. But now it’s time to shed the image of being a subsidiary of the Samjung Group.”

“yes?”

This is President Kang Cheol-joong, who asks me with a look in his eyes that says there is no reason for that to happen.

‘In fact, there are two reasons why Taean Telecom’s stock price is rising rapidly every day.’

This is because Taean Telecom’s goal is to be selected as the privatization candidate for the mobile communications division and because it is an affiliate of the Samjung Group.

Actually, the term ‘affiliate company’ is probably a bit wrong.

‘If it’s direct, then it’s direct, if it’s collateral, then it’s not.’

Because I am the largest shareholder. Anyway, since people know both of these facts, Taean Communications’ stock price has now skyrocketed to 60,000 won.

And all securities companies in South Korea are analyzing that investing in Taean Telecom is a risky stock.

That is understandable, since the company name has changed, the largest shareholder has changed, and the chairman of Samjung Group has become the largest shareholder, Taean Telecom stocks have been on everyone’s radar every day.

“It may sound like a joke, but if it’s not a collateral line, it’s a direct line, because I’m my grandfather’s grandson. Haha, just kidding, I want to be recognized as Taean Communications itself.”

“I know what you mean.”

“The stock market says that Taean Telecom’s stock price is dangerously overvalued. Is there a way to dispel that anxiety?”

Episode 57