He is Already a Tycoon at a Young Age! - Chapter 71



Only Noblemtl

#071

February 25, 1997, Pacific.com CEO’s Office.

The three years passed really quickly and I turned 18. Now I can step forward in every aspect.

‘and!’

I had to change some of my plans while studying abroad in the U.S. Since Harvard University did not have a business school, I applied to Yale University and got a perfect score on the U.S. college entrance exam. I also succeeded in graduating early in two years.

And James, the CEO of Pacific Investment Corporation, succeeded in acquiring and merging with Amazon.com, and put Jeff in the position of CEO of Pacific.com.

[boss.]

My title, which was Little Boss, changed to Boss at some point when the word Little was dropped.

[Yes, Representative James.]

[Pacific Investment Corporation’s capital increased from an initial $1 billion to $5 billion.]

The US Pacific Investment Corporation also grew significantly in size and developed into a famous investment corporation on Wall Street.

‘The Amazon.com acquisition was a stroke of luck.’

In some ways, you could say that it was the butterfly effect that happened because I regressed.

‘What if Jeff had remained the founder of an online bookstore?’

It probably wasn’t recognized as a competitor to Pacific.com. But at some point, Jeff started copying Pacific.com’s business model, and that caught James’ attention, and they acquired it.

Of course, if Jeff had continued with the online bookstore business, the company he founded would have gone bankrupt.

“Jeff CEO”

“Yes, boss.”

“I want Pacific.com to be the world’s number one online shopping mall.”

“The business is currently proceeding in that direction. A business model has been developed along with the existing auction method of Pacific.com, and all products are being sold accordingly.”

If Pacific.com’s core mission is to provide an online marketplace for small businesses around the world, then that’s what it’s all about.

“I would like to work with Jeff to fully launch the online bookstore business that he started when he first started his business.”

“Did you say it was an online bookstore?”

“Yes, I want to create a new form of reading culture with a service that sells paper books online.”

“A new reading culture?”

“Yes, you don’t have to read only paper books. I would like to develop an e-book program and sell it on Pacific.com.”

“Oh, that sounds like a good business idea.”

“I would like to develop and sell an e-book reader in partnership with Taean Electronics, a South Korean electronics company.”

“Are you saying that we can increase our subscriber base by providing monthly paid subscribers with a device to view their e-books?”

“Yes, that’s exactly it. Taean Electronics has already developed and sold MP3 music players, and has also created and sold a music subscription service in the United States, so it has ample business experience.”

Most Americans may not know about Taean Electronics, but they do know about MyTunes, the largest paid music site in the U.S. MyTunes gained explosive popularity by offering a music player developed by Taean Electronics when you subscribe to the service.

‘so.’

I succeeded in stealing the future of pineapples, especially since my father’s Samsung Electronics has also become the world’s number one mobile phone company.

“We will immediately proceed with the partnership project with Taean Electronics and begin program development.”

“Yes, go ahead and do it. And as I said before, Pacific.com’s market cap target is $2 trillion.”

Jeff laughed at my words.

“Is that really possible?”

“It is Jeff’s job as CEO of Pacific.com to make it possible. If Pacific.com continues to grow without any problems, it will become the world’s largest online shopping mall. In about 10 years, its market capitalization will exceed $2 trillion.”

“I thought it was impossible, but when I think about the incredible investment success that my boss has shown, I think it might be possible. Hahaha!”

“It will definitely happen.”

“Are you going back home now?”

Jeff asked me.

“Yes, I plan to return on March 1st.”

While I was in the US, the capital of US Pacific Investment Corporation grew to $5 billion, and this was possible because it took full advantage of the dot-com bubble.

‘When the dot-com bubble bursts.’

I’ll have another big meal then.

“I will do my best to ensure that Pacific.com’s market capitalization reaches $2 trillion, just as the boss has set.”

“Yes, I trust Jeff.”

I smiled at Jeff.

‘I own 95% of Pacific.com, hahaha!’

Since I will still own 51% of the shares after the IPO, $1 trillion of the $2 trillion will be mine. And when Pacific.com goes public on the New York Stock Exchange, if I sell my 44% stake as float, I will have a huge capital at that time.

‘Is it necessary to convert 44% of the shares into circulating stocks?’

In 10 years, it will be a 2 trillion dollar company.

So, instead of just owning 51%, if you own 75% and convert the remaining 20% ​​into circulating stocks, you can realize greater profits after 10 years.

‘Next year there will be an IMF foreign exchange crisis.’

At that time, the capital I have will have tremendous power.

“And it’s going to be listed soon.”

Jeff said to me with a smile.

“I’m really looking forward to it too. Hahaha!”

From what I remember, it has been a huge success since it was listed.

* * *

Taean Pharmaceutical CEO’s Office.

Taean Pharmaceutical was a pharmaceutical company established by Ji-sung just before he left for the United States, and it was naturally a company established by Ji-sung for the purpose of developing new drugs. In order to develop new drugs, he established and operated the largest new drug research institute in Korea, and thus secured considerable achievements and patents.

“Sir, a male erectile dysfunction treatment inspired by the side effects of vasodilators has also passed the third phase of clinical trials in the United States.”

Of course, it was Ji-seong who said that we need to develop a new drug related to vasodilation.

“Three years of hard work is finally paying off.”

All executives and employees of Taean Pharmaceutical had high expectations for the male erectile dysfunction treatment. In fact, Taean Pharmaceutical’s value has risen beyond imagination since the male erectile dysfunction treatment was successfully developed for the first time in the world and passed the third phase of clinical trials in the United States, but surprisingly, Taean Pharmaceutical is still an unlisted company.

So, 98% of Taean Pharmaceutical’s shares are owned by Ji Sung.

The remaining 2% of the shares were successfully scouted by promising to provide them as stock options to the president of Taean Pharmaceutical and the director of the new drug development research institute.

“Yes.”

“When the largest shareholder, Ji Sung-gun, first appointed me as the president of Taean Pharmaceutical and told me to develop a vasodilator right away, I never imagined that such results would be achieved.”

“Actually, I feel the same way. When I think back to when Ji-sung said that we should pay attention to the side effects, I get goosebumps.”

“That’s right. I said it as if I had expected something like this to happen. Anyway, thank you for your hard work, Director.”

“Yes, I can’t sleep just thinking about stock options.”

When Ji-Sung founded Taean Pharmaceutical, he promised 1% of the stock options to the CEO of Taean Pharmaceutical and 1% of the stock options to the director of the new drug development research center.

“That’s right, hahaha! What’s really surprising is that Taean Pharmaceutical is an unlisted company.”

“That’s right. Since it already has the qualifications to be listed, I think it will be huge.”

“Yes, a decision will be made one way or another since Ji-sung will finish his study abroad period and return to Korea on March 2nd.”

If listed, Taean Pharmaceutical would likely become the world’s most famous pharmaceutical company. Of course, this is also because Ji-sung stole the future of Pfizer Pharmaceuticals.

* * *

Pfizer Pharmaceuticals CEO’s Office.

“The male erectile dysfunction treatment developed by Taean Pharmaceutical has finally passed the third phase of clinical trials in the United States?”

Pfizer’s CEO frowned.

“Yes, it’s unfortunate. We missed the pharmaceutical patent by a hair’s breadth.”

“Yes, it is a new drug that is on the verge of commercialization and will astonish the world once it is commercialized.”

“Yes, that’s right. Probably, men all over the world, along with those with erectile dysfunction, will think of that drug not as a treatment for erectile dysfunction, but as an aphrodisiac.”

“yes.”

“How about proposing a merger and acquisition?”

“Are you proposing a merger and acquisition?”

“Yes, that’s right. As I’ve reported before, Taean Pharmaceutical, a South Korean company, is an unlisted company.”

“yes.”

“Also, given the nature of the Korean stock market, hostile takeovers are not easy, so I think the best way would be to propose a sale to the largest shareholder. I analyzed it and found that if Pfizer acquires only the male erectile dysfunction treatment, Pfizer’s market capitalization could increase by more than three times in a short period of time.”

“Market capitalization tripled in a short period of time?”

“Yes, it is such a great new drug.”

“Yes, a takeover would be a way. William, you go to South Korea.”

“Yes, Chairman.”

“If they acquire it for around $1 billion, it’s an unlisted company so they’ll sell it right away.”

The Pfizer chairman was confident.

“Yes, I think so too.”

But they did not know what intelligence was or how great its ambitions were.

“Let’s leave tomorrow.”

“Yes, I understand.”

In any case, the male erectile dysfunction treatment drug developed by Taesan Pharmaceutical had completed all clinical trials and was only left for sales.

* * *

March 2, 1997, Gimpo International Airport arrival hall.

I’m finally back in Korea.

I arrived at Gimpo Airport with only one bag.

“Jisung-ah.”

As soon as I passed through the immigration gate, someone called me. It was my aunt. She looked like she was about to cry.

As always, my great-aunt is accompanied by my great-uncle.

“Great aunt!”

When I saw my great aunt, she smiled brightly

My aunt, who had been holding back tears, finally burst into tears.

There was love in that sad expression.

“Don’t cry. You’re not leaving for America, you’re just coming back. Why are you crying?”

“I’m glad to see you.”

“I should smile when I see you. How is your great-uncle?”

“Yeah, you’ve really grown a lot.”

“Of course, I’m already 18 years old.”

Now that I look at it, I think I’m taller than my great-uncle.

“Yeah, I think he’s taller than me now.”

“Yes, that’s right.”

As I told my great-uncle, I am now an adult, 18 years old.

With a height that is the envy of others, a handsome appearance, and the fact that he has a lot of money, I think he is a smart person who can live a glamorous life that puts him in the top 0.01% of the world.

Graduating early from Yale was harder than I thought, but I succeeded after working hard and now all that was left was time to reap the rewards of all my hard work.

As I had hoped, I will now be able to fully engage in business and investment.

‘There!’

The IMF foreign exchange crisis is imminent.

Now is the time to shop for quality companies in the country.

‘The Republic of Korea will change a lot in the future because of me.’