He is Already a Tycoon at a Young Age! - Chapter 80



Only Noblemtl

#080

March 9, 1997, Taean Pharmaceutical CEO’s Office.

When I arrived at the Taean Pharmaceutical CEO’s office, Taean Group Chairman Lee Jin-ho was waiting for me.

“Let’s proceed with the meeting on the relevant agenda right away.”

From now on, every second counts. So you have to move fast.

“Yes, sir.”

I was now officially the head of Pacific Investment Finance, which also meant I was the largest shareholder of the Taean Group.

“As previously reported, Pfizer Korea has proposed $2 billion to Taean Pharmaceutical to purchase the patent.”

The president of Taean Pharmaceutical immediately reported the key points back to me.

‘Two billion dollars now.’

It will be worth $8 billion by December this year.

‘It is true that Pfizer is the world’s largest multinational pharmaceutical group.’

Because I immediately realized the unimaginable value of this treatment for male erectile dysfunction.

“Two billion dollars?”

“Yes, sir, the chairman said that the patent was worth more than $100 billion.”

“What are you going to do?”

The president of Taean Pharmaceutical looked at me when I asked him my question.

“I don’t think it’s ever my place to decide.”

“I’m asking for your opinion.”

“Two billion dollars is a huge amount of capital. In fact, Taean Pharmaceutical’s pharmaceutical patents are all for male erectile dysfunction treatment. So I think it would be a good idea to sell it for two billion dollars. With the funds secured, we can start more research on new drug development.”

“I guess so. What about you, Mr. Chairman?”

“$2 billion may seem like a huge amount of capital at first glance, but that doesn’t mean we should sell it. We need to use it in as many different ways as possible.”

“How else can you use it?”

“Yes, that’s right. Isn’t it true that the reason Taean Pharmaceuticals met the requirements for listing on the domestic stock market but did not list is because it aims to be listed on the US NASDAQ?”

“That’s right. The scale is different.”

Taean Pharmaceutical and Tesla Electric Car, which will be a key subsidiary of Taean Group, will also be listed in the United States, not Korea.

‘If it is listed domestically.’

No matter how much the market capitalization expands, it will be difficult to exceed 1 trillion. However, if it is listed on the US NASDAQ, it is not impossible to exceed 50 trillion. Tesla electric cars may even reach 1,000 trillion.

“Of course, the opinion of the Taean Pharmaceutical CEO is also good.”

“Now, the chairman is only trying to become the Prime Minister of the Crown Prince.”

“Oh, I’m sorry.”

“All decisions are ultimately mine to make, but the person who has the greatest influence on those decisions is actually the president of the affiliate and the chairman of Taean Group.”

The look in the eyes of Lee Jin-ho, Chairman of Taean Group, changed at my words.

“Then, sir.”

“yes.”

“How about shortening the time it takes to obtain a pharmaceutical patent?”

“In what way?”

Taean Group Chairman Lee Jin-ho’s explanation began with my question.

‘This is exactly the answer I was looking for.’

* * *

Daenam Group Chairman’s Office.

“Pacific Investment Finance Company has proposed to acquire Daenam Special Steel.”

The chief secretary of the Daenam Group spoke to the chairman of the Daenam Group.

“Pacific Investment Finance?”

“Yes, a competitive public offering could also increase the sale price, but I understand that Pacific Investment Finance has significant financial resources.”

“What do you mean by that?”

“Pacific Investment Finance also lends to companies. Of course, it is private debt.”

“Are you saying that we should sell Daenam Special Steel to Pacific Investment Finance and borrow additional funds through private loans to overcome the crisis?”

“Yes, that’s right. In fact, if Daenam Special Steel leaves the Daenam Group, its core affiliates will also leave.”

“Yes, but we have to sell the most expensive one and normalize the rest of the affiliates. If we sell a company that is not recognized by the market, it will be harder to secure funds. Okay, set up a meeting with the head of Pacific Investment Finance.”

“Mr. Chairman, I’ll tell you in advance that the head of Pacific Investment Finance is young.”

“Young? You said you were a special relationship person of Samjeong Group, but you’re really young?”

“Yes, I am currently 18 years old.”

“Ha, is it because our blood is different?”

Samjung Group has now become the undisputed number one group in South Korea. Of course, it was Ji-seong’s ability that made it happen so quickly.

“Anyway, it’s clear that this is a great family. I’ll set up a meeting as soon as possible.”

“Do that.”

* * *

March 14, 1997, Taean Pharmaceutical CEO’s Office.

At my request, the Pfizer Korea corporate representative came to the Taean Pharmaceutical CEO’s office.

“Isn’t the reason Pfizer is willing to buy Taean Pharmaceutical’s patent for a male erectile dysfunction treatment for $2 billion because the patent is worth more than $100 billion?”

“I’m not saying no, but the future value will depend on how you use that patent and how you sell it.”

“Sales will start soon.”

First, we decided to start with domestic sales.

“If you have called me here to inform me that you are refusing the sale, I think it is unnecessary. I do not like the Eastern etiquette of refusing.”

“I see. But I requested the meeting to make a new proposal.”

“A new proposal?”

“Yes, I’m sure you’ve already figured it out, but I don’t regret having capital either.”

“So, it’s a rejection after all?”

“Yes, the patent sale is a no-no. But I have a lot of things that are absolutely necessary for Pfizer Pharmaceuticals.”

“yes?”

“We refuse to sell the patent for the male erectile dysfunction treatment, but we can provide you with the patent license.”

“What does that mean?”

“I’ll give you exclusive rights to sell in the United States.”

The representative of Pfizer Korea was surprised by my words.

“Instead, we want the rights to use Pfizer’s pharmaceutical patents in Asia and Africa.”

Of course, Pfizer, a global pharmaceutical company, also held a huge number of patents in the pharmaceutical field.

[Sir, we are transferring the exclusive US sales rights for male erectile dysfunction treatment to Pfizer Pharmaceuticals and securing the right to use Pfizer Pharmaceuticals’ pharmaceutical patents.]

[Should I give you everything?]

[You just need to secure the rights to use the Asian and African continents. Through that, you can secure new drug development data and also sell pharmaceuticals using the patents that Pfizer Pharmaceuticals has in Asia and Africa.]

[It might be worth a try.]

“Trading the U.S. exclusive rights to a male erectile dysfunction treatment for the use of Pfizer’s pharmaceutical patents in Asia and Africa doesn’t seem like the same thing.”

“Do you think so?”

“Yes, isn’t it?”

The current CEO of Pfizer Korea looks at me as if he thinks I’m stupid.

“I see, Pfizer Pharmaceuticals thinks so. So I have sent the same proposal email to Bayer Pharmaceuticals in Germany.”

It is no exaggeration to say that Bayer Pharmaceuticals and Pfizer Pharmaceuticals are the two giants of the global pharmaceutical industry.

“In my opinion, Pfizer Pharmaceuticals is trying to increase its market capitalization by securing a patent for a male erectile dysfunction treatment. If so, then the US exclusive sales rights will have the same effect.”

“But the US exclusive distribution rights are not enough.”

“Then let’s expand it to North America.”

I could have given all of America, but I had to leave room for bargaining.

“Mr. President, Pacific Investment Corporation.”

“Yes, you can make another suggestion.”

“Then I would like it to be the entire American continent, not just North America. If you accept that, I will first make a proposal to the headquarters.”

“The entire American continent?”

“Yes.”

“…Okay. Let’s proceed like that for now.”

I smiled at the Pfizer Korea representative at the expected answer.

* * *

Citibank headquarters in the United States.

“Samjung Group requested a corporate loan using Samjung Electronics shares and shares of key affiliates of Samjung Group as collateral?”

“Yes, that’s right. But the size of the loan is also huge.”

“How much did you ask for?”

“It’s a loan request worth a whopping $5 billion.”

“5 billion dollars?”

The Citibank president also asked back with a surprised expression.

“Yes, and I checked and found that the stake that Samsung Electronics was offering was worth over $7 billion.”

“An interest rate of around 20% would be okay.”

The Samjung Group chairman decided to take out a short-term loan from a foreign bank for one year as suggested by Ji-seong.

“Yes, and I asked that the early repayment terms be specified in the loan agreement.”

“Can you please make it so that there is no penalty for early repayment?”

“It’s not that there is no penalty at all, but they asked that they be allowed to repay the loan early if they pay a 5% penalty.”

The reporter’s report brought a smile to the face of the Citibank president.

“It’s a short term, but it’ll probably result in interest rates of up to 25%.”

“Yes.”

Of course, if Citibank lends Samjung Group $5 billion, Samjung Group will secure profits worth $20 billion in December 1997.

“Proceed with the loan.”

“Yes, I understand.”

The business of investing in the national debt crisis of Jisung was proceeding smoothly like this.

“Is there anything else you would like to report?”

“I have a report regarding the Republic of Korea.”

“What is it?”

“It is said that a South Korean company called GL Securities is selling derivative products related to the plunge in the South Korean Composite Stock Price Index.”

“Derivatives?”

“Yes, that’s right. That’s what I found out while checking why the Samjung Group is so desperate to secure dollars.”

“Is it possible that the Samjung Group is waiting for an economic crisis in South Korea after securing a huge amount of dollars through corporate loans?”

“I judged that there was a good chance of that happening.”

“So what is the crash benchmark index?”

“Surprisingly, it’s 400 points.”

The president of Citibank looks dumbfounded at the reporter’s report.

“How much is it now?”

“It’s 1,200 points.”

“Then, does that mean that the Samjung Group invested in the national bankruptcy of the Republic of Korea?”

“Yes.”

“Is it possible? The Korean Composite Stock Price Index plummets below 400 points?”

“The analysis department said it was almost impossible. And when I reported this to the strategic investment planning department, they expressed an opposing investment opinion.”

“Contrary investment?”

“Yes, that’s right.”

“Hmm.”

The Citibank president groaned.

“Chief Secretary.”

“Yes, sir.”

“Convene a board meeting. If it’s a derivative with almost no chance of success, then contrarian investing is a good way to go.”

“Yes, I will call an emergency board meeting right away.”

* * *

George Soros’ hedge fund office on Wall Street in New York.

“This is a report on the recent investment made by Pacific Investment Corporation, a dark horse on Wall Street.”

The reporter gave the report to George Soros.

George Soros looked over the report and smiled strangely.

“As you can see, there is a special clause that states that if GL Securities and Pacific Investment Corporation succeed in their derivatives investment, GL Group guarantees profits, and in the opposite case, Samjung Group guarantees them.”

“Asian-style corporate competition? Or are they enemies?”

“In South Korea, the two groups are said to be hostile.”

“Yes, this cannot be considered a derivative investment. Rather, it should be considered a contract to take away an affiliate.”

“I think so too.”

“Okay, all investments are based on probability. I’ll bet my hedge fund on the GL Group.”

In other words, big investors have started to invest in derivative products related to the stock index crash designed by Ji-sung.