I Picked Up a Dimensional Travel Machine: Wizard - Chapter 73



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White Knight (2)
Now, the future of Gaya is very bright.

If you combine Gaya and MF, you will have the best group in Korea, no, the best group in the world.

Who dares to block Gaya’s path?

Of course, Gaya and MF will never unite, but who will hold Gaya back?

There’s a really scary grandson right behind him.

Even for the Sungsam Group alone, its total (fair) assets are only about 330 trillion won.

However, Min-ki’s MF is said to already be over 2,400 trillion.

Besides, they say that all of that property belongs to Min-ki.

The shoulders of Gaya Food CEO Jeong Jin-yeong, who was sitting in a corner, were raised so high that they almost touched the ceiling.

The corners of the mouth of Chairman Choi Gap-moon, the grandfather of the king, were almost up in the air.

Min-ki spoke while driving home in a bulletproof vehicle prepared by MF Invest.

“Yes, Father.”

“Huh? Why? Great Son. What’s the matter?”

“Haha. Stop it. Lore Group. Dad, please take care of it.”

“Huh? Lore?”

“Yes. Lore is a company that operates in Korea, but it’s realistically too much for me to take charge of and manage. I have to continue to operate in the United States. So, please take care of it. Even if affiliates use professional managers, there needs to be someone who can watch over them from the side.”

“Um….what about Gaya Foods?”

“Just hire a professional manager and hire him. How much do you make in food?”

“This guy is ignoring the company his father worked for his entire life?”

“Oh, dear. That’s not what I meant. The amount invested in Lore alone is over 30 trillion won. It could be 50 trillion won later. So how can I leave that in someone else’s hands? So please, father, help me out.”

“Um… Let me think about it.”

“Yes, thank you. Could you please help me?”

(Breaking News) Lore Confectionery has finally been taken over by foreign capital. The group’s dissolution is only a matter of time.

(Breaking News) Lore Group finally falls victim to hostile M&A. Lore Confectionery management changed. Shopping is also at risk.

(Breaking News) Lore Group disbands. Confectionery is being forcibly acquired! Shopping, Capital, Card, etc. 9 affiliates are also in danger of being taken over one after another. Who is MF Invest in the US?

(Breaking News) MF, the legend of Shapremin beverage, acquires Lore Group. Nine valuable affiliates are lost. Lore Group is on the verge of dissolution.

(Breaking News) Lore Group is being taken over by foreign capital. Why is the government not doing anything?

N Isn’t Loredo strictly speaking a Chinese company?

N It’s a sample. Are you not going to eat puffed nitrogen cookies anymore?

N That guy or that guy. China or America. Either way, it was a foreign company. Lore Group.

n Strictly speaking, it is not a foreign company. Its headquarters are in China. It is called Gwangminsa, and its shares are held tightly by Lore’s eldest and second sons.

No, I don’t like it anyway

N But why is the government just sitting there? When it gets to that point, shouldn’t they be helping out with the national pension or something? Isn’t that a drain on national wealth?

No, it’s obvious. They would have threatened me in the US. If it were the US, I would be scared…

ㄴ Rumor has it that MF is a Korean company. It’s just a rumor.

No, really. What the hell are you talking about?

No no no, it’s true. It’s a rumor that came from Gaya Group. It’s a Korean company. The CEO is Korean.

n The CEO of MF Invest is a native American named Louis Sullivan!! Stop spreading false rumors.

No, he’s just a representative. The actual owner of the shares is Korean.

N Anyway, Lore. I found out when you were going to eat Gaya Group and were being a jerk. You didn’t know you were burning your own house and you were looking into other people’s houses and it was like salt!

No, what does that mean?

No no, this is a huge rumor in the securities and finance world. When Lore lost in MF’s Shapremin beverage bid and went mad, he attempted a hostile M&A of Gaya Group, and when he ran out of bullets, MF came in with an incredible attack. That’s why Lore was easily defeated. If it were normal, he would have defended himself sufficiently. Gaya and MF clearly have some kind of collusion. Seriously, do you think Gaya’s physical strength would make it possible for him to be the Korean distributor?

There is also a story that the eldest and second sons fought and ended up handing over the prize to MF.

Anyway, the government needs to come up with some kind of plan. Our companies are falling for it too easily.

No, Lore is Chinese?

As the Korean media reported in great detail, MF finally acquired the management rights of the confectionery company after a large-scale offensive.

He immediately convened a shareholders’ meeting and replaced the management.

Thanks to this, 8% of the shopping market share passed into MF’s hands.

By combining the 15% stake previously purchased indiscriminately in the stock market, they acquired a 23% stake.

Lore’s counterattack was also not easy.

However, there was no answer to the barrage of material that shook even China Lore Holdings.

Eventually, Lore began pruning, judging that he might lose control of the entire Lore Group.

In this way, MF has easily(?) taken over 13 profitable affiliates, including Lore Confectionery, Lore Shopping, Lore Capital, Lore Fast Food, Lore Shopping Mall, Lore Convenience Store, Lore Card, Lore Home Shopping, Lore Appliance Mart, Lore Planning, Lore Beverage, Lore Food, and Lore Information & Communication.

The Lore Group barely managed to keep nine companies, including Lore Hotel, Lore Construction, Lore Chemical, Lore Trading, Lore Non-Life Insurance, Lore Trading Company, Lore Film, Lore Camera, and Lore Aluminum.

Of course, this excludes small companies that are not even worth mentioning.

If you add all of those up, it goes over 70.

MF did not stop there and continued to touch the shares of China Lore Holdings.

There, the parent company, Kwangminsa’s shares were continuously threatened.

The war for dominance between the eldest and second sons and the piece of cake called ‘Gaya’ caused Lore to be torn apart.

Furthermore, dark clouds have gathered over the entire Lore Group.

Ultimately, although there is controversy over the origins of the company, the aftereffects of the forced merger and acquisition of the country’s top five conglomerates were significant.

Lore lost at least half, in reality close to 60% of its affiliates.

The government could not ignore the media and domestic public opinion that condemned it every day.

Finally, there was a statement from the government department in charge regarding the Lore Group situation.

But the government’s announcement had no nutritional value.

The government simply repeated its announcement that it would not intervene at all in legitimate mergers and acquisitions under a free market economy.

The persistent reporters couldn’t just let this go.

Eventually, the spokesperson who had been presenting the announcement could no longer hold back and answered the reporters’ questions.

“MF Group, which is actively operating in the United States. Namely, the management rights of MF Invest, MF Energy, and MF Pharmaceuticals are owned by ‘Koreans.’ So please refrain from using expressions such as ‘outflow of national wealth’ or ‘economic invasion by foreign capital.’”

“What do you mean? MF Group is Korean?”

“The person in charge refused to reveal the exact details, but it is true that it is owned by a Korean. CEO Louis Sullivan is merely a professional manager. The actual owner is a Korean. This has already been disclosed to our government in advance. The government has also confirmed it. So I hope there will be no more controversy. I cannot reveal the detailed information because it is personal information.”

“Spokesman! One more thing, please. So you’re saying that there’s one owner? Invest, Energy, and Pharmaceuticals?”

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“Yes. Invest is the largest shareholder of Energy and Pharmaceuticals. Invest’s actual owner is one person. That’s all.”

The Korean media was in an uproar that day.

The headlines on the 9 o’clock news were filled with stories about how the real owner of the MF Group was Korean.

MF Pharmaceuticals, a single company, has become the world’s number one company.

Of course, it is an estimate and not a listed company, but if MF Pharmaceutical were to go public right now, it would be valued at at least $1 trillion.

But the owner is said to be Korean.

A craze to find the real owner of MF has spread throughout South Korea.

Netizens and the media have teamed up to find the owner of MF.

As time went by, the media got closer to the truth.

The fact that CEO Louis Sullivan appears frequently at Harvard.

The fact that Louis has experience working in Gaya.

And Gaya Group acquires the distribution rights for Gaya Foods’ unconventional Shapremin beverage.

The greatest genius in Korea currently studying at Harvard. Jeong Min-gi.

The relationship between Louis and Jeong Min-gi (Levi), who are often seen meeting at Harvard.

Naturally, in Korea, there were frequent rumors that Jung Min-ki of Gaya Group was the actual owner of MF Group.

The deciding factor was Gaya’s loan of 2 trillion won.

Gaya Group is a listed company that has gone public.

Therefore, there was an obligation to disclose facts that could affect the stock market.

The media’s persistence was directed at the Gaya Group.

Chairman Choi Gap-moon and other presidents were unable to come to their senses whenever they had to commute to and from work or go on business trips several times a day.

Gaya Construction, Petrochemical, Polyfuture Co., Ltd., Gaya Corporation (trading company), Gaya Food, Gaya Tourism, and even Gaya Cultural Foundation’s Choi Young-ja (Min-ki’s maternal grandmother).

Eventually, there was a press conference by Choi Gap-moon, chairman of Gaya Group, under the sway of the media.

Of course, this is a conversation with Min-ki who returned to the United States.

There is no need to hide it now.

– Mr. Chairman! This is reporter Jeong Se-chan from Cho Kuk Ilbo. Is the actual owner of MF Group really connected to Gaya?

– There is no direct connection between MF Group and Gaya Group. However, the actual owner is someone related to Gaya Group.

– Mr. Chairman. Is this the person that netizens and the media are speculating about? Is Jeong Min-gi, who is studying at Harvard, really the real owner of the MF Group?

– ……..Yes. That’s right. My grandson, Jeong Min-gi, is the actual owner of the MF Group.

– Mr. Chairman!! The Chungyang Ilbo’s…

– From the Dongwha Newspaper…

……

– What happened here is that, in the first place, Jeong Min-gi got a perfect score on the CSAT, and I…

As expected, the 9 o’clock news that day was filled with stories about Jeong Min-ki.

From Min-gi’s birth. High school grades. Perfect score on the college entrance exam. Studying abroad at Harvard.

How did you make money?

First of all, how did you end up receiving 10 billion won in seed money?

Min-ki has become a genius that the Republic of Korea is proud of.

This news was not limited to South Korea.

It’s not just about ‘getting rich.’

The owner of the world’s best company has been revealed.

And the value of that wealth is roughly estimated to be over $2 trillion.

According to Forbes’ 2015 ranking of the world’s richest people, Bill Gates ranked first with a net worth of only $79.2 billion (KRW 87 trillion).

However, Jeong Min-gi’s assets are worth over 2 trillion dollars (2,200 trillion won).

It’s an overwhelming number.

Apple ranked first in the world’s most valuable companies in 2015 by Forbes with $145.3 billion.

Microsoft is second with $69.3 billion.

However, MF Pharmaceuticals is worth at least $1 trillion. It is more than 7 times the number 1.

The value of the listed MF Energy alone is $300 billion. It is more than double that.

That’s why there was a huge uproar at Harvard.

Of course, this news was also relayed to Emilia.

“Levi. You’re really amazing.”

“Ha… Well, that was just some luck.”

“Wow. Is that a matter of luck? Anyway, I don’t need anything else. Just give me one can of Shapremin every day. Is that possible?”

“Of course. I’ll fill your fridge to the brim. I’ll even stack boxes of it for you to fill up for several years.”

“thank you.”

< >

“Chairman Choi. Congratulations.”

“Ah. Chairman Jeong of the previous generation. Haha. Is this something I should be congratulating you on? Our Min-ki knows how to do it.”

“But it’s still something to celebrate. Isn’t it the world’s best company? Shouldn’t we change the way we calculate business rankings?”

“They’re completely different companies. In times of crisis like this, when no one is helping us. We just need some help. Hahahaha.”

“Ah. Right…..”

“Right. Chairman. What’s going to happen to the Lore Group?” LC’s former chairman, who had been watching from the side, interjects.

“I thought that President Jeong of Gaya Foods would take responsibility and run the business. He told his father to take care of it.”

“Then does that mean I will be transferred to Gaya?”

“I’m thinking about that a bit. Should I use MF’s name? Should I use Gaya’s name? Or should I just use Lore’s name like I do now? This guy just ignores me and goes back to Harvard. Right now, President Jeong and I are having a bit of a hard time thinking about it. But to me, about 60% of Lore’s name is probably unnoticeable.”

“Haha. That’s a happy worry. I envy you. Now Gaya’s future is bright. Who would dare to block Gaya’s path?”

“Well, as long as you don’t get unfairly harassed by unrelated things, like blocking the bank, that’s enough. Well, from now on, that kind of thing won’t matter.”

“Anyway… Anyway, let’s go over there and sit together.”

“Ah. Isn’t there a separate seat over there? My seat is over here?”

“Oh, what are you talking about? Lore won’t be attending today anyway. Even if she does attend, she’ll have to sit in the front row from now on, right? Your grandson has to save face.”

“Is that so? Well, that’s fine. It’s just the way things are supposed to go around and around.”

“sure.”

“After all, the best business is the business of people. You invested 10 billion won and it turned into 200 trillion won. Hehe.”

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