I Am the Third-Generation Heir of a Conglomerate - Chapter 417



Only Noblemtl

417.

Harvest Time (2)

Chinese stock market crash on January 4th.

Two days passed since then.

On January 5th and 6th, many people believed that the crash was over because there were repeated small declines and rises.

But the crash isn’t over yet.

It was just a two-day pause, and the circuit breaker was triggered again just 10 minutes after the market opened.

“Mr. Chairman, the market fell 5.5% in just 10 minutes after opening.”

“We’ve all seen cases where a circuit breaker is triggered in 10 minutes.”

“I think the circuit breaker was quickly activated thanks to the lessons learned from the first day.”

“I didn’t learn my lesson properly.

“They should have declared a trading halt instead of a circuit breaker.”

“Do you think there will be another major crash when the market reopens?”

“It’s a natural progression.”

The Chinese stock market opened again 30 minutes later.

Again, the stock market fell at a tremendous rate in just 10 minutes.

[Wow!]

Once again, the entire financial tower was filled with cheers.

Is your voice full of strength after two days of rest?

Or maybe it was because they didn’t use much force since they received the surrender declaration in less than an hour, so the cheers were louder than before.

“It fell another 7% after the circuit breaker, bringing the total down to 12.5%!”

“The stock price that I worked so hard to raise in the second half of last year has gone down the drain in just a few days.”

“Yes, that’s right.

It returned to its stock price in July last year.

“It fell 26.5% over four days, and at least 2,300 trillion won evaporated.”

It was the Chinese stock market where 2,300 trillion was lost in 4 days.

Even if only a portion of the evaporated funds could be absorbed, it would be a huge amount of money, and Taewoo Group and the financial companies of Financial Tower were able to absorb quite a large amount.

“How much do you think the total profit of the financial tower will be?”

“It is expected to reach up to 1,000 trillion won, and the profits of Taewoo Securities and Fintech Bank are expected to be close to 400 trillion won.

Of course, the profits may decrease during the liquidation process.”

It was a profit that was next to impossible.

But thanks to advance preparation, we were able to record these astronomical profits.

“Thanks to good preparation, I was able to see great profits.

“Thank you for your hard work.”

“There wasn’t really any hardship.

There was ample time to wipe out the short selling that had spread throughout China’s financial sector.

“It’s thanks to the chairman who spoke about it early on.”

The most important thing in short selling was securing volume.

We have been working hard to secure volume since the beginning of the fourth quarter of last year when the Chinese stock market started to rise.

The larger the amount, the more time was needed for preparatory work, and assistance from high-ranking Chinese officials was essential.

“As you know, we have to use some of the profits to silence the Chinese elite.

“You have to feed them money even if it’s a pity until you liquidate the profits and take the money out.”

“All financial companies in the financial tower have decided to use 3-5% of their profits as lobbying funds.”

It could be said to be only 3-5%.

However, it was a financial tower that saw profits of close to 1,000 trillion won in 4 days.

Just 3% of 1,000 trillion won was a whopping 30 trillion won.

It was more than enough to silence China’s top brass.

“That amount of money should be enough.

Now it’s time to start liquidating your profits.

“You will do well, but if you buy too many stocks at once, the market sentiment may change suddenly.”

“Because the amount is so large, I plan to move very carefully.

“It will probably take at least two weeks to settle the profits starting tomorrow.”

Because the amount was the amount, it took a long time to settle the profits.

If you buy short sales all at once, the stock market will inevitably rise, so you have to buy stocks slowly and gently so as not to surprise the market.

“Tell the financial companies in the financial tower to start liquidation now.

Tell them that it’s okay to have a little more fun, because the downtrend will continue until January.”

“It is a situation where my eyes are slightly turned away.

“I’m not in my right mind, seeing profits in the tens of trillions in just four days.”

“If you do that, we’ll be grateful.

Because the financial company that liquidates last will have the lowest rate of return.”

We have clearly declared that we are entering into liquidation work.

It was their fault for being greedy, they couldn’t blame us.

“Then I will just suggest liquidation in a very gentle tone.”

“He’s not a child. He’ll make his own decisions.”

It is said that the entire financial tower recorded profits of 1,000 trillion won.

Since it was before liquidation, no profits had been realized.

During the profit realization process, the profit of 1,000 trillion won could be cut in half, and the longer one moves due to greed, the greater the loss in profit realization.

“Once we chew the food and put it in your mouth, our role is over.

“It cannot help you digest and excrete.”

“There’s nothing we can do about stomachache.

With the money you have cleared, you can now start preparing for Brexit in the UK.”

“I’m already working hard to loosen up at Quantum Fund.

“George is very excited to be able to play with European currency for the first time in a long time.”

Representative George, an expert on currency wars.

The battlefield he wanted was about to open.

In particular, he did not invest a large amount in short selling in January and had already begun preliminary work to attack European currencies.

“It may not be as fun as short selling in China, but it will yield much higher returns than other investment products.”

“In the case of the Chinese stock market, it was not difficult because all you had to do was short sell, but in the case of Brexit, it is very complicated.

“You need to short sell the UK, and you need to start acquiring shares in neighboring countries that are benefiting from it to make a profit in order to achieve high returns.”

It was a difficult project compared to the Chinese stock market crash.

Besides, the pie itself wasn’t that big.

But it was clear that the entire financial tower was a place where a decent amount of profit could be made.

“If the entire financial tower is to be shared, we have to make room for it.”

“So we plan to invest only about 200 trillion won.

“This will create an opening for financial tower financial companies to intervene.”

“Have you decided where to invest the rest of the money?”

“I haven’t decided yet.

So I’m planning to make a small profit through dollars, gold, and bonds.”

Oil wars and Chinese short selling.

Thanks to the huge profits realized through two events.

Even if 200 trillion won was invested in Brexit, there was still more money left in the coffers.

“I need to use some money for the future of Taewoo Group.”

“How much are you thinking about?”

“In the short term, we plan to invest about 100 trillion won, and in the long term, we plan to invest a much larger amount to create new food sources.”

“Are you saying that we don’t seek food, but create it?

“Just hearing the story makes it seem like it would cost a lot of money.”

Now, in a few years, a world I don’t know about will unfold.

The moment I pass the point of regression, I become unable to predict what will happen next.

That is why the time from now on was important, and we had to maintain our current position through massive investments.

“We will proceed on two tracks.

Track 1 is a short-term plan for the next five years, and Track 2 is a long-term plan for the next 10 or 20 years.”

“Is it possible to invest for 20 years into the future?

ah!

“I think it is definitely possible, given the Chairman’s vision.”

Vice Chairman Han’s thinking was wrong.

I had no idea what would happen 20 years later.

So I didn’t know I was making an investment that had a high chance of failure.

“First, let me explain the short-distance plan.

We plan to further expand the Centurion plant and invest more in the development of core semiconductor materials and underground resources such as lithium and rare earth elements.”

“Taewoo Group is already developing many key materials, and the mines owned by Taewoo Corporation alone are worth tens of trillions of won.”

“They are talking about increasing it further.

In particular, we must focus more on the development of core semiconductor materials.

“There are still too many key materials that depend on Japan and China.”

Semiconductors were Taewoo Group’s representative cash cow.

Semiconductors are a field that has played a major role in the economic development of not only Taewoo Group but also South Korea.

However, the structure was such that the moment overseas countries including Japan banned the export of materials, they would suffer enormous damage.

Efforts have been made to break this structure for a long time.

We have already succeeded in developing several key materials.

“Although Taewoo Semiconductor is making a large profit, it is spending a huge amount of money on the development of core materials.

Of course, I am well aware of the importance of developing core materials ourselves, but even if we develop them, it doesn’t mean we can make them in Korea.”

“Even if we have the technology, we can’t make it because of regulations.”

“Since the hydrofluoric acid gas leak in Gumi in 2012, environmental regulations have been strengthened, making domestic production difficult.”

Most of the core semiconductor materials undergo hazardous chemical processes.

However, there have been several leaks, which have led to strict environmental regulations.

That is why, even though they had the technology, they were unable to produce it themselves.

“So, I think we will take this opportunity to negotiate with the government.”

“Even if the government accepts it, environmental groups and civic groups will rise up.

If that happens, Taewoo Group’s image will be severely damaged.”

“If the People’s Economy Party wins a landslide victory in this general election, we will be able to negotiate from an advantageous position.

And the problem of civic groups will be fought by organizations other than Taewoo Group.”

“No company wants to turn civic groups into its enemies.

Are you perhaps expecting the People’s Economy Party to fight on your behalf with civic groups?”

Politicians had to be more concerned about their image than companies.

There was no politician or political party that wanted to turn civic groups into enemies.

Why would I plan something like that that could instantly destroy the approval ratings of the People’s Economy Party that we worked so hard to build up?

“The People’s Economy Party will only expand the board.

“It will be up to the local residents to fight.”

“… … Is it by any chance related to the Saemangeum development?”

“that’s right.

We will build a large-scale semiconductor core materials factory and RND center in Saemangeum.

And the Saemangeum project will be carried out as one with the Gunsan Shipyard project.”

“Then, if civic groups come out in opposition, will the Saemangeum development project and Gunsan shipyard investment plan be completely scrapped?”

“Isn’t there no other way?

Taewoo Group can’t do something that everyone opposes.

Even if we are not expecting a flowery path, is there a reason why Taewoo Group must walk this thorny path?”

There was a huge investment promise made to the Honam region, especially the Jeollabuk-do region.

If the Gunsan Shipyard invests 5 trillion won in the Saemangeum development project and attracts foreign companies, including chemical plants, at least tens of trillions of won will be invested in the Jeollabuk-do region.

“So you’re saying that local residents should fight to win the investment?”

“Wouldn’t you become more attached to something if you fought for it?”

“There could be a very fierce war.

In particular, if a chemical plant is built in Saemangeum, there is a high possibility that those in the fishing industry will strongly oppose it.”

“It is an issue that needs to be negotiated and agreed upon within the community.

If they fail to find a solution, Taewoo Group will completely withdraw from the Saemangeum project.”

“… … A terrifying and cruel plan.”

It wasn’t such a cruel plan.

If local residents defend civic groups, there will be space for dialogue.

If I could just have a conversation, I was confident I could convince them logically.