He is Already a Tycoon at a Young Age! - Chapter 62



Only Noblemtl

Episode 62

Episode 62

“Grandpa, the Jinkyung Group wasn’t even in the top 30 groups in South Korea 7 years ago.”

Jinkyung Group has grown to this size because he met a good craftsman. And it has continued to grow steadily until now. And that Jinkyung Group craftsman also met a good bald friend and became the president, which was not in his fortune, and was also locked up in prison.

“But it’s not seven years ago anymore.”

“Yes, that’s right. It’s not like Jinkyung Group will be shaken if I shake it alone, but if external factors occur in combination with internal factors, it’s bound to be shaken. And Grandpa, I’ve told you before that I’ll become the best investor in Korea.”

“Yes, and it worked quite well.”

“Until now, I have probably made the most money in Korea through finance and index investing. Why would an investor like that miss this great opportunity?”

“So you’re confident.”

“Yes, if Grandpa and the Samjeong Group help us a little, we can shake it properly and pin it to the ground.”

“Should I help too?”

“I think there is an order to the attacks once you have decided on an enemy.”

“so?”

“Grandfather and Samjeong Group officially and unofficially own stocks in Jinkyung Group and its affiliates, right?”

“Yeah. That’s what everyone does.”

“The media has started to really shake things up. I asked my uncle to do it, but it’s something that prosecutors in the Republic of Korea must do.”

“I see, you were the one who started it.”

“Yes, Grandpa, in this situation, if a significant number of stocks related to the Jin Kyung Group are invested in the market, I wonder what decision the Chairman of the Jin Kyung Group will make.”

“If Ji-seong were you?”

“If it were me, I would sell off the assets and prepare for defense. But usually, conglomerate leaders think that their group can never fail, so this is the perfect opportunity to secure more shares.”

“Is that really so?”

“What would your grandfather do? What would you do when bad news about Samjung Group or its affiliates poured in and the stock prices fell?”

“Hmm.”

“In the name of protecting shareholders, you bought stocks that had fallen and, with a sense of responsibility, you made the group buy them again, thereby strengthening its controlling stake.”

“That’s right. The Samjung Group can never fail.”

“Look. Your grandfather thinks the same as other conglomerate leaders. Chairman Jin Kyung Group thinks the same. And when Chairman Jin Kyung Group succeeded the first founder and managed Jin Kyung Group, it always went from strength to strength. It couldn’t fail because of his father-in-law’s immense power. Chairman Jin Kyung Group knows that, but at some point, he thinks it’s his own ability.”

“People are all like that.”

“Yes, that is, you don’t know failure. So you will be bolder. And there may be one more unexpected situation.”

“More emergencies occur?”

“Yes, the unexpected situation that everyone is expecting is the additional tax on the former president’s slush fund. According to the news, the former president’s slush fund is 700 billion won. The additional tax will probably be around 600 billion won based on that slush fund. The former president may say that he has no money to pay the additional tax, but the former president has no choice but to pay. His son-in-law will probably have to pay half of it. Otherwise, if he says he has no money to pay the additional tax, Jin Kyung Group will continue to be criticized by the public because he is the former president’s son-in-law. So he will definitely pay.”

The grandfather nods his head to what I say.

‘To put it bluntly, this can also be applied to the situations in Germany and Japan.’

Germany’s apology and apology for the numerous war crimes committed during World War II is to maintain its hold on Europe. If Germany, like Japan, turns a blind eye to its war crimes, ignores them, and does not apologize or compensate for them, no European country will join hands with Germany.

But Japan doesn’t need to do that.

‘Because there’s America.’

Also, it is now the most powerful economic power in Asia. That is why they ignore South Korea’s continued demands for apologies and compensation. South Korea has no choice but to join hands with Japan for economic growth. And Southeast Asian countries are no different.

That’s why you become arrogant.

If Japan were in the same situation as Germany, Japan would apologize more than Germany, although of course it would not be sincere.

“Even if we pay half, it’s still 300 billion won. The company’s reserve fund will be insufficient. Then, there will be a shortage of funds to present when the telecommunications companies are privatized.”

“That’s something anyone could have predicted.”

“That’s why I’m telling you that there could be an emergency situation. GL Group is in a situation where they can’t help but hate Samsung Group. And GL Electronics is the same. Market analysis says that GL Electronics won’t be able to beat Samsung Electronics in the mobile phone division within 10 years. They’re burning with revenge, but there’s nothing they can do.”

“so?”

My grandfather stared at me.

* * *

Special room at the Western restaurant at the Walkerhill Hotel in Seoul.

The Chairman of Jin Kyung Group, the Chairman of GL Group, and the President of GL Electronics met here secretly.

“I was really surprised when the chairman called me.”

Chairman Jin Kyung of the Jin Group felt that the Chairman of the GL Group would be a source of strength for him.

“According to the report from the GL Group Secretary’s Office, his sentencing will be decided tomorrow?”

“Yes, I have also been informed of that.”

“Even though he is a craftsman, in my opinion, for Chairman Jin Kyung Group, isn’t it more important to pay a fine than to be sentenced?”

“Hmm!”

“Chairman of Jinkyung Group.”

“Yes, Chairman.”

“Don’t feel bad about it, I arranged this situation with my eldest son to help the Jinkyung Group. After all, we have to fight the same enemy.”

When he heard the words “same enemy,” Chairman Jin Kyung Group thought of Samjung Group.

“There is no one who does not know that Taean Telecom is a subsidiary of Samjung Group and that it is struggling to become the selected candidate for the privatization of the telecommunications company with the active support of Samjung Group.”

“Yes, that’s right. But I don’t really care. I was already selected as a candidate for privatization once. And I prepared thoroughly.”

The GL Group Chairman nodded in agreement with the Jin Kyung Group Chairman’s words.

“Even if you pay half of the fine, will there be enough funds for the acquisition?”

“It’s not enough to shake much.”

“Don’t take the Samjung Group too lightly. They have a wicked side. And the people in the Samjung Group are more frugal than crows. It’s enough to cause me and my son great harm.”

“You got hit?”

“They put forward a ridiculous company called Taean Electronics in the lead in the Korean semiconductor acquisition battle, and only raised funds to acquire Korean semiconductors.”

The president of GL Electronics, who had been quiet until now, spoke to the chairman of Jin Kyung Group.

“But we won. Now, GL Electronics is ranked second in the domestic semiconductor industry.”

“That’s right. But because we spent so much money on acquiring Korean semiconductors, we ended up in a situation where we didn’t have enough money to develop new products. Thinking back, that’s exactly what Samjung Group and Samjung Electronics were after.”

“So?”

“Perhaps, if the acquisition funds prepared by the Jinkyung Group are not so surprising that others will be surprised, they will not be able to win against the Samjung Group and its affiliated companies, which have seriously rushed into the telecommunications company privatization project this time. So, let’s join hands. We will support the acquisition funds.”

“Instead, you will ask for a certain amount of equity?”

“Wouldn’t that be the most reasonable deal and alliance? In addition, if Jinkyung Communications is established, if you sign an agreement for mobile phones produced and sold by my GL Electronics and an affiliate service agreement, and exclude products from Samsung Electronics, that in itself would be a great benefit.”

“Even if that happens, there is no benefit to the Jinkyung Group.”

“Isn’t it the greatest benefit to become the largest shareholder of a telecommunications company? Also, if you acquire some of GL Electronics’ shares through a three-party paid-in capital increase, GL Electronics will be able to overtake Samjung Electronics, so you will also generate considerable profits through stocks.”

Chairman Jin Kyung of the Jin Group had no choice but to hesitate after hearing the proposals from the Chairman of the GL Group and the President of GL Electronics.

‘There should be at least 1 trillion.’

And it was the Jin Kyung Group that had prepared exactly 1 trillion won. However, if the additional tax on his father-in-law was 600 billion won, he would have to pay half of that amount while crying and eating mustard.

why?

Because the former president’s slush funds flowed into the Jinkyung Group.

And with that money, Jinkyung Group grew through corporate acquisitions and mergers.

‘How much preparation did Samjeong Group, not Taean Communications, make?’

Although he was deeply troubled, Chairman Jin Kyung Group had to make a choice.

“Mr. Chairman, can you prepare 300 billion?”

Jin Kyung Group Chairman decided to join hands with GL Group.

“Okay, I’ll support you even if it means emptying my personal assets. Since the analysis says that you can become the owner of a telecommunications company with up to 1 trillion won, GL Group will only receive a 20% stake in the telecommunications company.”

If you give something, you have to receive something in return.

“Yes, let’s proceed like that.”

“Okay, hahaha!”

* * *

The study of the Samjung Group Chairman’s residence.

“Then what will Grandpa do?”

“Jisung, you keep making this old man into a troublesome old man.”

“The GL Group Chairman may not be expressing it openly, but he is probably gnashing his teeth. At times like this, he will step forward to try and poke at the persimmon that he cannot eat. And if Jin Kyung Group is selected to be the telecommunications company privatization project operator, it may receive some of the telecommunications company’s shares. So I think the two groups may join hands.”

“The analysis is quite convincing.”

“That’s what will happen. If they don’t succeed in the mobile phone business, they will try to acquire shares in telecommunication companies and regain the market share they lost when those companies signed partnership sales contracts with GL Electronics for mobile phones.”

“No matter what, I can’t match the design and performance of the cell phone your father made for the time being.”

“That’s natural, but not all Korean consumers only think about design and performance. They also think about price and communication fees. If I were the chairman of GL Group and the president of GL Electronics, I would think that this roundabout way to do business would be the best way.”

“The two groups join hands?”

“Yes, so now I will start by shaking up the Jinkyung Group through short selling.”

“That’s right, offense is the best defense. Then I will also sell all of the shares in Jin Kyung Group held by Samjung Group.” “Thank you.”

If a large amount of stocks are dumped like a bomb into the market tomorrow, the stocks of affiliates of Jin Kyung Group will plummet.

Plus, if the surcharge on the former president’s slush fund is announced, it will plummet again.

In such a situation, if Pacific Investment Corporation undertakes large-scale short selling, Chairman Jin Kyung Group will have no choice but to purchase the company’s own stocks, at least to defend the stocks.

‘Drying the reserve fund.’

This is the second thing I have to do to get the carrier.

“When are you going to start?”

“Tomorrow. They say that tomorrow the fines and sentences for the former president’s slush funds will be announced.”

“Jisung, have you already made connections in the judiciary?”

“It’s not me. It’s my great-uncle who created the connections.”

My grandfather looked at me for a long time after I said this.

“Jisung-ah.”

“Yes, Grandpa.”

“Everything is good, but don’t become a monster that believes capitalism is the best.”

My abilities are so outstanding that even my grandfather seems to be afraid of me now.

“Of course. Capital is a tool for what I want to do. I will not be absorbed by that tool.”

“Yeah, I believe you.”

“Yes, Grandpa.”

I smiled at my grandfather.

* * *