I Am the Third-Generation Heir of a Conglomerate - Chapter 483



Only Noblemtl

483. Expert (3)

January 2018.

Bitcoin was still flying high.

Since last December, countless regulatory proposals have been announced, but nothing has changed.

Rather, a strange phenomenon of prices rising was occurring.

But this time it was different.

This was because the Minister of Justice himself declared a strong regulatory policy.

Vice Chairman Han, who heard the news, came running in before the press conference was even over.

“The Minister of Justice announced a plan that includes closing exchanges. He even declared that he had completed prior coordination with all government departments. Bitcoin investors are even calling it the ‘Minister of Justice’s Rebellion.’”

“Now I guess I’m finally getting a proper response.”

“I instructed them to sell all the stocks held by the financial tower and take a short position.”

It was a financial tower that had been pacifying and appeasing the powerful until now.

But now it’s time to stop messing around with them and start taking a bold step forward.

“It seems that not only the powerful but also individual investors will be hit quite hard.”

“We have no choice but to do so since the Ministry of Justice is taking such a strong stance. We were planning a soft landing to minimize the damage to individual investors. However, we are now in a situation where we have no choice but to make an emergency landing.”

“You can’t afford to worry about others when a plane is falling.”

Each for himself.

On a crashing plane, you had to figure out how to survive on your own.

If we had started liquidation work quickly even now, we could have cut our losses with only small losses.

Of course, this was possible when the investment amount was small.

In cases where the forces possessed a huge amount of stock, liquidation would not have been easy.

“In Myeongdong, they are distributing leaflets to the powerful. It is false information that the Financial Services Commission and other ministries are holding press conferences to refute the Minister of Justice’s regulatory declaration.”

“It’s spreading false information to somehow keep the forces in check.”

“In fact, it doesn’t really matter if Myeongdong doesn’t make this move. The powers that be have already made people believe that they can manipulate the Bitcoin price according to their will.”

It was a kind of brainwashing operation.

The financial tower has been playing hard to get with the powers that be for months.

When the forces swung their fists, he even pretended to be thrown far away.

Wouldn’t that give you confidence?

Even if the Minister of Justice declared regulations, the powers that be were confident that they could turn the current situation around if they stepped in.

“I guess I might rebel more than I thought.”

“The more you rebel, the better for us. We expect you to scrape together all the resources to rebel.”

“Now go back to the financial tower. The control tower can’t be left unattended for too long.”

“I’m sure things will go well without me, but I’ll go and check it out anyway.”

The financial tower is finally in full operation.

The powers that be will witness waves of unprecedented scale.

***

The next day.

I went to work at the financial tower and witnessed a very strange scene.

Should I say he’s a zombie walking around laughing?

All the employees in the financial tower were walking around like zombies and laughing, and even one vice president was a laughing zombie.

“You look very tired.”

“Stocks have separate opening and closing times, but Bitcoin is open 24 hours a day, so I couldn’t sleep.”

“But judging by your good expression, it seems like it’s working.”

Vice President Han smiles faintly.

He handed me a Bitcoin chart that he had printed out in advance.

“It lost a whopping 30% in one day.”

“Did you miss that much?”

“The price of Bitcoin, which used to be close to 30 million won, is now less than 21 million won.”

“It seems the resistance of the forces was weak.”

“No. They are the forces that tried to defend the price by accepting all the short positions. However, they were unable to absorb all the short positions we prepared, so the price fell by 30%.”

It seemed like a lot had happened overnight.

It was a financial tower that waged war with powers from large-scale battles to small-scale battles.

In fact, it was difficult to call it a war, because the result was closer to a one-sided massacre.

“The forces may retreat. I wonder if they pushed too hard from the beginning.”

“They are not so weak as to do that. Since we have thoroughly brainwashed them for six months, I expect they will rebel more fiercely.”

“You can choose wisely. By the way, what’s going on with the Qing bonds?”

There was nothing to worry about with Bitcoin.

Since we had started the pre-work half a year ago, there was zero chance of failure.

“We have been gradually purchasing the stock from internet auction sites and antique shops. And discussions are going well with the Qing Dynasty Bond Foundation in the US and the UK, so we may be able to secure some of the bonds.”

“Is there anything I can help you with? I have a business trip planned to the US soon, so I can help you with anything I can do there.”

“There is no need for the Chairman to step forward. The financial tower can handle it sufficiently. Do you need to worry about things like Qing Dynasty bonds when you are going to the United States for a large-scale contract such as the sale of oil field shares?”

A trip to the United States to sell genetic shares was planned.

It has not yet been determined exactly what percentage of the stake will be sold, but even if just half the stake were sold, it would be a massive deal worth more than $100 billion.

“Then, I will leave the Qing Dynasty bonds and Bitcoin entirely to Vice Chairman Han.”

“Just leave it to me. And I will pray every night for a satisfactory genetic contract.”

But he was a vice president who was a flatterer.

Even that appearance seemed trustworthy.

It was all possible for me to go on a long business trip to the United States because of Vice Chairman Han.

***

Houston, Texas, United States.

It was a region that was called the world’s energy capital and was also home to ExxonMobil, the largest oil company in the United States.

That is why the location for this negotiation was decided to be Houston.

Several American oil companies, including ExxonMobil and European oil companies, have expressed their intention to participate.

[Chairman Kim, are you here? We met at the White House and we are finally meeting again.]

[How great would it be if we could have these types of meetings regularly? Since we are all working in the same industry, the atmosphere is really good.]

[I came here myself because Chairman Kim said he would come from Korea in person. I had originally planned to send one of the executives, but since Chairman Kim is coming in person, how could I stay back? Hehe.]

These were executives of global oil companies who looked happy.

There was only one reason for them to feel good: oil prices were rising.

Oil prices, which were around $25, have recovered to $70 in less than two years.

It was a time when simply drilling for oil made money.

Of course, compared to the first half of 2008, the price was only half.

It was also a price that did not even reach its peak in 2010~2014.

It was a good feeling to end the downtrend after four years and return to an uptrend.

“It seems like oil prices have finally found their place. Of course, they will go up and down in cycles, but won’t they move within a certain range?”

[Chairman Kim has already become an oil expert.]

[They know better than us, having been in the oil industry for over 40 years. Hehe.]

It was a tone of voice that seemed to slightly ignore me.

I didn’t feel bad. It hadn’t even been 10 years since I got into the oil industry.

The heads of global oil companies have been around the oil industry for decades, so it might sound pretentious for me to pretend to know them.

“If it weren’t for your position as the chairman of Taewoo Group, I would call you seniors. Isn’t it because of you that the oil industry exists today? Thank you for supporting the oil industry so far.”

[It feels good to hear Chairman Kim say that.]

[I really like how Korea values ​​manners. Come visit me in Texas later. I’ll treat you like a cowboy.]

I deliberately acted humble.

Thanks to this, the atmosphere at the negotiation table improved greatly, and everyone began to treat me comfortably.

It wasn’t just a job to change the mood.

The concept of this negotiation was to give space, so I moved my tongue nimbly.

Before the IT bubble, Wall Street financial firms had used this tactic, selling their IT stocks to Wall Street at their peak.

This time it was the same way.

The plan was to sell off the genetic stake at a high price.

Of course, the relationship with global oil companies was even more important because it was a stake that could be bought back when the bottom came.

“I have arranged today’s meeting to hear advice from my seniors. Taewoo Group currently has an unparalleled amount of oilfield holdings. Texas, Guyana, the North Sea, and Alaska. I don’t know what to do.”

[Liquidity is the problem. People and companies alike need to move forward step by step to grow properly.]

[This is especially true in the oil industry. Developing and managing multiple oil fields simultaneously is a very difficult task.]

[I am not saying this to disrespect Taewoo Group. But, for the development of the oil industry, shouldn’t we share the burden of Taewoo Group?]

Share the load?

With oil prices rising, the value of oil fields was like black gold.

It was the global oil companies that wanted to take the gold, not share the burden.

“I want to split the shares, but I can’t sell them off for cheap. I have to consider the losses I’ve suffered so far, and I also have to reflect the opinions of the shareholders, don’t you think?”

[We are not the ones who have no such cases. Wouldn’t it be possible to have a more in-depth conversation if we first knew how much of our genetic stake we could dispose of?]

[Don’t worry about the price and speak frankly. I will make sure you won’t be disappointed.]

Beasts competing for prey.

Global oil companies were desperate to acquire even 1% more of the oil field shares held by Taewoo Group.

This was exactly what I was hoping for.

Everyone would have to rush in and compete.

Because of this, companies started to come out and start calling out ridiculous prices.

“We are willing to sell up to 30% of the oilfield stake held by Taewoo Group.”

[You mean 30% of all the genetic resources you own?]

[Is the North Sea oil field included?]

“I would like to sell 30% of my stake, including Guyana, the North Sea, Alaska, and Texas. Of course, if the price is right, I could go up to 50%, but that would be too much and I don’t think it’s possible.”

It slightly touched my pride.

It was a provocation full of the meaning that you would never be able to acquire 50% of the shares with your financial power.

[Oh, I told you not to worry about money, but you were worried. It’s not just a 50% stake, it can be more than that.]

[How about we start by talking about the Alaskan stake? It is the most recently developed oil field, and it is a project that the U.S. government is also promoting.]

Taewoo Group owned a 50% stake in Alaska’s oil fields.

They had acquired a 50% stake for $20 billion, and were planning to dump 25% of it today.

“We can sell up to 25% of Alaska shares. Is anyone interested?”

[Take over from the shell!]

[If it’s Alaska, shouldn’t it be acquired by an American company? ExxonMobil will acquire it.]

[Chevron is also interested in acquisition!]

Competition was fierce from the first auction.

Now, all I had to do was become the auctioneer and raise the bid.