He is Already a Tycoon at a Young Age! - Chapter 72



Only Noblemtl

#072

Samjeong Group Chairman’s Office.

“Jisung went to GL Securities?”

The chairman of Samjeong Group asked his chief secretary.

“Yes, that’s right.”

The Chairman of Samjeong Group nodded at the Chief Secretary’s words.

‘He went to break the momentum.’

In fact, unlike three years ago, GL Group has grown considerably.

The person who led that growth was GL Electronics CEO Koo Seong-mo, who is currently serving as Vice Chairman of GL Group.

“By the way, didn’t you say that Ji-sung founded Pacific Investment Finance?”

“Yes, we changed the name of our predecessor, Pacific Investment Corporation.”

“So, you have no intention of joining the group to take management classes?”

“yes?”

“You must be thinking about the Geumsan separation policy. Is there anything else you want to report, Chief Secretary?”

“Mr. Chairman, I have also refused to join the Jihyeong Islands Group.”

“What about the terrain?”

“Yes, that’s right. I joined Taean Media, a subsidiary of Taean Group, together with him.”

“Taean Media?”

“yes.”

“Does Ji-Hyeong still compose music these days?”

“He is already a famous composer and producer in the music industry. Of course, the fact that he is a special associate of Samjung Group is kept a secret.”

“Then it means Jihyeong got there on his own.”

“Yes.”

“Then just leave it alone, Ji-seong said that culture is money.”

“And Master Ji-Hwan caused a bit of a problem.”

“Why that guy again?”

Ji-hwan was Ji-sung’s second oldest brother. He was the fourth generation chaebol who was the most out of his mind among the three brothers.

“I got into a fight while driving and assaulted the other driver. So, the legal team of Samjeong Electronics is said to be handling the situation.”

“There’s always at least one scoundrel in every household, hmm.”

* * *

In front of the GL Securities lobby.

The moment I passed through the lobby, I felt eyes watching me closely.

‘It will be reported right away.’

During the three years I was in the United States, many things changed at Samjung Group.

‘first.’

My second uncle separated Samjung Life Insurance and went into business. My father’s Samjung Electronics became the world’s number one mobile phone sales company, and as it became the largest sales affiliate of the Samjung Group, competition for succession disappeared.

And everything changed at the GL Group too.

Mr. Koo Seong-mo, who took office as the president of GL Electronics, is said to have achieved significant results over the past three years and was appointed as vice chairman of the GL Group earlier this year. His uncle, the former president of GL Electronics, was the president of the GL Electronics branch in the United States but has since gone missing.

‘All eyes are cold.’

It’s a natural view.

GL Group is still anxious because it has not been able to acquire Samjung Group and Taean Group.

[Congratulations on your appointment as the representative of Korea Pacific Investment Finance.]

When I met Lee Jin-ho, Chairman of Taean Group, he was the first to congratulate me on my inauguration.

[CEO, you are still young, but isn’t it time for you to step into the forefront of the business world?]

[That is why I took office as the representative of Korea Pacific Investment Finance.]

[Does that mean you are going to establish a financial holding company, unlike the Samjung Group or Taean Group?]

As expected, Taean Group Chairman Lee Jin-ho has SS-level business capabilities.

[Because the South Korean business community is tied up in the gold-san separation policy.]

[Due to the separation of financial and industrial capital, corporate leaders cannot own banks, but financial holding companies can become major shareholders of companies or groups.]

[That’s why.]

[It seems like the representative has found an easy way again.]

‘With James from America.’

If only Chairman Lee Jin-ho of Taean Group could assist me, it would not be a problem for me to reign over the Korean business world. And the original four are still talented people who are helpful to me, and they are now officially the heads of the Pacific Investment Finance Division.

“Oh, sir.”

Mr. Oh, who was my personal chauffeur, became Manager Oh and is now the Chief Secretary to the CEO of Pacific Investment Finance.

‘Oh, Director, you are a role model.’

When I first saw the personal details of certain people before my eyes, I thought they were unchangeable.

However, through Director Oh, I learned that these abilities are variable.

‘The initial ability value was B-, but now it has increased to B+.’

Another special ability, his ability to follow instructions, is surprisingly S+ level. In short, he has become someone who is good at doing what he is told to do.

It meant that AI was an all-rounder who could output what was input right away.

Anyway, Director Oh worked incredibly hard to improve his abilities.

“Yes, sir, I have notified GL Securities as you instructed. It is listed there.”

Why did you come to a place that is no different from enemy territory?

[Vice Chairman Koo Seong-mo’s business ability is tremendous. Since Vice Chairman Koo Seong-mo took office as the president of GL Electronics, GL Electronics has achieved considerable results in the display sector, while the semiconductor business is still struggling, and has achieved second place in Korea in the white goods sector, closely following Samsung Electronics.]

Still, expert analyst Kim Eung-soo analyzes everything I instruct him to do. And that analysis work now includes people. And expert analyst Kim Eung-soo is now the head of the power planning department of Pacific Investment Finance.

[okay.]

[Together, I made a suggestion to the GL Group Chairman and established GL Securities by acquiring a small and medium-sized securities company, making it the second largest securities company in Korea after Daewoo Securities.]

Finance and securities are different, so conglomerates can have securities firms as their subsidiaries.

‘Grandpa also has Samjeong Securities.’

[So, Samjeong Securities was pushed down to third place?]

[The third largest domestic securities company is Korea Securities, and Samjung Securities is fifth. Mirae Securities is fourth.]

[I was in 2nd place before I went to America?]

[GL Securities obtained personal information of Samjung Securities’ VIP customers, and those VIP customers abandoned Samjung Securities and moved to GL Electronics, pushing Samjung Securities down to 4th place.]

[That’s not all, is it?]

[Yes, GL Group entered the telecommunications business last year and is closely following Taean Telecom. It would not be an exaggeration to say that GL Group has entered all the businesses that Samjeong Group and Taean Group are conducting. As I mentioned earlier, GL Electronics’ core business is the display business along with semiconductors, and its display business division is number one in Korea.]

[So, Vice Chairman Koo overcame his birth defects and ascended to the position of Vice Chairman.]

“It’s an honor to meet you, Mr. George Sung.”

I waited until the man straightened his back slightly and then asked slowly.

“Where should I go?”

To my question, the man bowed again and spoke seriously.

“I will take you to the VIP reception room.”

‘During the IMF foreign exchange crisis!’

Many banks have become insolvent.

Also, when numerous investment banks went bankrupt and securities firms went insolvent, GL Securities survived.

But I came here today with a bomb.

A thing with tremendous destructive power.

‘A beggar who jumped into enemy territory.’

When the IMF foreign exchange crisis hit, I decided that the first securities company to go bankrupt was GL Securities.

* * *

GL Group Chairman’s Office.

The GL Group chairman was holding the receiver.

“Bank manager, is that possible?”

-There is no problem as long as the collateral is secure.

“Then let’s do that. Let’s take out a corporate loan of about 300 billion won and the collateral is… .”

-What about some of the land for GL Construction’s new town project?

GL Group also entered the Seoul New Town project through GL Construction and at the same time made significant profits through real estate speculation.

“Let’s do that. I heard that the land price in that area has risen considerably. I will provide an appropriate area as collateral through consultation with the practitioners.”

– thank you.

“Let’s play golf next time.”

– Just call me.

“Okay, I’ll hang up now.”

Stop!

After finishing the call, the GL Group Chairman looked at Vice Chairman Koo Seong-mo sitting in front of him.

“Vice Chairman, you have been successful in every business you have started, but the semiconductor division is still struggling.”

“I’m sorry, father. It may seem like a bottomless pit right now, but as I said at the beginning, GL Electronics will become a core subsidiary of the GL Group through the semiconductor division.”

“It’s becoming too hard to hold on.”

“I would like to say that the timing of the acquisition of Korean semiconductors was not good.”

“Are you saying it was your brother’s mistake?”

“I fell for the Samjung Group’s scheme. They acquired it using more than three times the acquisition funds.”

“That’s true. By the way, have you still not found your missing brother?”

“We are looking for it in every possible way.”

“He suddenly disappeared. Even if your brother was pushed out as the successor to the GL Group, he is still my son and the eldest son. Find him and bring him before me.”

“Yes, I understand.”

“Virgin Mary.”

“Yes, father.”

“Just in case, you weren’t involved in your brother’s disappearance, were you?”

It was the GL Group Chairman who asked just in case. He couldn’t help but tremble slightly in his voice, as he hoped that it wouldn’t turn out that way.

“Father, would you believe me if I said no?”

Instead of answering, the GL Group Vice Chairman asked questions.

“Okay. By the way, I heard that Ji-seong, the most talented grandson of the chairman of Samjeong Group, has arrived at GL Securities?”

“Yes, that guy founded a company called Pacific Investment Finance and took office as its CEO. When I checked and analyzed George’s identity, I confirmed that all of your failures were planned by that guy.”

“That guy planned it?”

Vice Chairman Koo Seong-mo was clearly different from the former president of GL Electronics.

Because I have accurately identified intelligence.

“yes.”

“I remember you as a kid?”

“He’s still a kid, but one thing’s for sure: he’s a genius. I think he’ll be more than enough to be my opponent.”

“Really? That’s right. You’re not inferior to anyone in terms of intelligence. But why did you leave Samjeong Securities and come to GL Securities?”

“Jeongsin will probably demand derivatives contracts.”

“Derivatives?”

“Because we’ve made a huge amount of capital through derivatives.”

“Look carefully, because that kid was also a genius in your name.”

“Yes, father.”

“Holy Mother, I also kicked out my eldest son. And I chose you, the smartest of my sons. Among my sons and your younger siblings, there are quite a few who want you to be broken. As I said before, you must never lose to Samjeong Group or Taean Group.”

“I keep that in mind.”

“That guy jumped into a place that was no different from enemy territory. He’s got a big heart, hahaha!”

The GL Group Chairman recalled the times when the Samjung Group Chairman would praise his youngest grandson at every meal.

“Yes. I just came to confirm that GL Securities started selling derivatives today. It certainly seems like a big shot in every way, just like my father said.”

“Win, don’t lose every time like my brother.”

Vice Chairman Koo Seong-mo nodded at his father, Chairman GL Group.

‘I won’t get a second chance.’

The GL Group Vice Chairman was annoyed because he was constantly pointed out as the person behind the disappearance of his eldest son who had been pushed out as his successor.

‘By the way, where the hell did that damn brother go? Damn it!’