Money Likes Me Too - Chapter 36



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Episode 36.

The day after submitting the report, Yasir was summoned to the palace.

‘What’s going on? Did I do something wrong?’

Even after arriving at the audience room, I had to wait for more than two hours. I don’t know the reason, but one thing was clear: Crown Prince Abdullah was in a bad mood. If there were no problems, I would have postponed other meetings and come out to meet him (who was in charge of his granary).

“Your Majesty is coming in.”

The butler’s voice rang out. The golden door opened, shining brilliantly. Yasir bowed to the incoming crown prince.

The crown prince offered me a seat.

“I looked at the document you uploaded.”

Yasir’s lips burned as he waited for the next words.

“You’ve already posted your 2014 investment plan. Even though 2013 is just a few days away, isn’t it a little early?”

“I’m sorry.”

“That aside, there are some parts of the content that I don’t quite understand.”

“If you have any questions, I will answer them.”

“This part.”

The crown prince held out a document and pointed to one side. The item was ‘Delivery Nation’, investment of 1.5 billion dollars. Yes, I thought this was it.

Yasir opened his mouth cautiously.

“Let me explain this item······.”

“I’ve explained it. It’s written down.”

The crown prince closed the papers. His black eyes turned to Yasir.

“I just want to hear the reason. The real reason why we have to invest 1.5 billion won in a small IT company in the East that we don’t know the name of. No matter how much I look at it, I can’t figure it out.”

Yasir was speechless.

“that······.”

‘There is a need to properly show the spicy taste of oil money to a proud Oriental idiot, or rather, an investor.’

You shouldn’t say that. You might get screwed.

If the plausible excuses in the report couldn’t move the Crown Prince, then nothing else could. It was over.

“You’re burning 1.5 billion for a company like this? Is this place like CS (Swiss Credit Bank)?”

The crown prince, who had been talking to himself, came to a conclusion.

“Let’s do it for 500 million.”

“yes?”

“I trusted you. You’ve done a good job. I’m grateful for that, so I’m turning a blind eye to it. Reduce the investment amount to 500 million.”

“But that······.”

Yasir’s mouth closed immediately. It was because of the crown prince’s stern expression. Instead, he calculated in his mind.

‘500 million dollars might be enough. It’s ten times the 50 million dollars that Son Byung-hwa was rejected by Kang Si-hyeon. No matter how much you fly and crawl, Korea is a small country. How much money do you have? Even with 500 million dollars, you can easily suppress it.’

He convinced himself: Okay, the math is done.

The crown prince said.

“If you’re done talking, then let’s go.”

After speaking, Crown Prince Abdullah bin Mohammed Al Saud stood up, waving his white thob (traditional Saudi clothing). He quietly bowed to the departing crown prince.

***

It was not long before the new year.

Loftbank’s Chairman Son Byeong-hwa was enjoying a long-awaited break. He was also with the comic app Pacoma.

I know it’s a bit weird because it’s a competitor’s product, but I couldn’t help it.

This is because the new book updates are so fast and there is even a special promotion where if you read five books, you get one book for free. As a comics fanatic myself, this is a benefit I simply cannot give up.

‘I feel sorry for the staff, but anyone who doesn’t use this is an idiot.’

There was one problem though.

Every time I saw him, Kang Si-hyeon’s face kept overlapping. The anger I had forgotten came back. I bit my molars. There was a crunching sound.

“Mr. Chairman.”

The secretary came to find him. It was late.

“What’s going on?”

I hid the app without realizing it. I regained the dignity of the chairman with a low voice.

“I apologize for interrupting you. We have just received an urgent video conference call. It is from Yasir Al Khalid, a partner at Legend Fund and the head of the Public Investment Fund (PIF), Saudi Arabia. Would you like to join?”

Yasir? Suddenly?

Son Byeong-hwa had a strong premonition. He felt suspicious that the meeting was held during his break time. There was no way he wouldn’t have guessed the time difference. This was definitely intentional. He secretly hoped that he wouldn’t come.

“Go in.”

In that case, I had to go no matter what.

“The separate room is ready. Just click and you’ll be connected right away.”

“Good. You worked hard. As expected, Tatsuya, you are a trustworthy secretary.”

“It’s just something I have to do. Thank you, Chairman.”

Tatsuya walked away at a leisurely pace. Not even the sound of his footsteps could be heard.

Yasir’s face filled the screen.

“Hello. I have called you all here because I have something urgent to tell you.”

He opened his mouth.

“It seems like it’s a very urgent matter since it’s been a while since we’ve had an emergency meeting.”

“Let’s start by listening to the story.”

While everyone was speaking, Son Byeong-hwa just listened quietly.

“Nothing else, I’m looking to do a funding round around this time next year. I thought it was right to share this story with you, the Legend Fund, rather than ‘who’, so I’ve set up a space.”

Son Byeong-hwa’s face turned bright red at those words.

“Wait a minute. Are you talking about me?”

“Think as you wish.”

“No matter how much I think about it, I think that’s right. Am I wrong?”

“If you think so, then there must be a reason for it. Let’s stop the kids’ fight here, Mr. Son. There are still things I haven’t told you yet, to those who have given me their precious time. I would like to finish, so please understand.”

Yasir grumbled.

“Yes, that’s right.”

Son Byeong-hwa spat out. His breathing became ragged.

“There is an app called ‘Baedal’s People’, a Korean delivery platform. It currently has the largest market share. After reviewing the app, we believe it has sufficient investment value, so we would like to open a Series C round of $500 million on our own. This is the reason why we created this space.”

With those words he closed his mouth.

“Oh, there? I was surprised by the growth and tried to invest, but I was staunchly rejected. What’s wrong?”

“Did you fail at Sequoia? We also contacted the Singapore Investment Corporation, but they just couldn’t get through.”

The participants muttered one by one.

Son Byeong-hwa looked at the sight silently and thought.

‘You bastard Yasir. You dared to embarrass me. And now you want to comfortably eat up the Korean delivery market with money? Do you think that will be easy?’

I pressed the speak button. The light came on.

“Please speak.”

“This is Loftbank’s Son Byeong-hwa. I also have a proposal. No, I declare it here. I will also open that round. Series C.”

“Hey, you’re opening it? Not participating?”

Yasir stuttered for the first time. He had no intention of accepting the offer, but he was even more surprised when he heard that it was open.

“I don’t do anything like participation.”

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Son Byeong-hwa spoke bluntly.

“At first glance, it looks like this company is being invested in by Cocoa or something, but given Sheikh Khalid’s personality, I don’t think he would have negotiated anything sweet like that with Cocoa. He said by next year, so I guess he was planning to prepare 500 million dollars in cash by January 1st of next year and propose to Cocoa to have a showdown?”

Son Byeong-hwa, who had stopped talking, observed Yasir’s reaction.

“It’s obvious even without looking.”

“······.”

“Then let me guess why your bet is only $500 million. The Saudi royal family is now······.”

Where did you dare, Yasir waved his hand, indicating that he would not tolerate any more insults.

“What do you want me to do?”

“It’s very simple.”

Son Byeong-hwa smiled triumphantly.

“I want to join in on that fight. Let’s prepare the same 500 million dollars and have the three of us fight on January 1, 2014. It’s a head-on showdown. Let’s see whether the Baedal people will choose your side or mine.”

“That side? Are you done talking?”

Yasir’s voice reached Son Byeong-hwa’s ears a little late. Unfortunately, it was due to a lag in the international line.

***

It’s the last day of 2012.

[Nam Hyeonseung] Representative Kang, how about a beer?

I got a KakaoTalk message as I was leaving work. I was surprised. Since school, this wasn’t the first time I’d heard of a friend like that. I was sure that he’d be there no matter what.

The location was Cafe Offroad, which turned into a pub every evening.

When I went down, it was crowded with people. It was the end of the year. It seemed like there were a lot of gatherings. There were already people waiting for the New Year’s Eve bells.

“Welcome.”

The part-timer greeted her. President Yeo Hyeon-jeong was not at her desk. She seemed busy, having opened several branches.

“Mr. Nam has arrived first and is waiting.”

“Yes, thank you.”

“What is it?”

When I got to my seat, they had already ordered drinks and snacks. It was my favorite Wing Bong. As expected, old friends are the best.

“What’s going on all of a sudden?”

“Sit down.”

But the guy’s expression remained frozen and would not loosen. I sat down and poured myself a glass of beer.

“What’s going on? Tell me frankly.”

Nam Hyeon-seung opened his mouth heavily.

Here’s what he said. Within a few days, the Saudi sovereign wealth fund and Loftbank approached him. They were planning to conduct an investment round totaling 500 million dollars, or 500 billion won, as of 2014. There was a condition. He had to choose one of the two. They concluded that it would be a year later, so he should think carefully and decide.

“It’s not 5 billion or 50 billion. It’s a whopping 500 billion.”

He drank his alcohol in gulps.

“so?”

“I used to hate receiving investment. I just thought my shares would be taken away, I would be manipulated by shareholders, and the value of the company would be damaged.”

“That’s why I only received 6 billion in investment at first.”

It has increased now, but whenever I think about it, I always feel regretful. The guy smiled bitterly at my words.

“It used to be like that. Not anymore.”

“then?”

“The situation has changed. ‘Baegye’ is not a place where only I work. I will receive investment for the sake of my employees who only look up to me. No, I have to receive investment. If it’s this amount, even more so. If you offer the same conditions or more, I will unconditionally choose Cocoa, but if not, I have no choice but to make a different choice. Please understand.”

It was a voice that seemed determined.

The guy’s face turned red. I couldn’t tell if it was from the alcohol or excitement.

But I was glad. Yes, I’m glad that I’ve decided to get an investment now. That’s all I thought.

“Do you have money?”

Nam Hyun-seung threw a fastball.

I haven’t calculated it exactly. But by early next year, Cocoa Labs’ market cap will be 3 trillion won. (That’s according to Lee Jong-suk.) The completion of the new headquarters, A City A One, will be around that time, so if you add Bae Kyeo and Bae Kyeo, half of it will be gone. If you include help, it goes without saying.

The calculation is complete.

I do it because I have it, but if I didn’t have it, I would have done more. I nodded quietly. Nam Hyun-seung let out a deep sigh.

“Sometimes I can’t guess what you’re thinking.”

“······.”

“Anyway, just know this. The day you invest 500 billion in us is the day ‘Baedal Nation’ changes to ‘KakaoTalk Delivery.’”

They talk about everything. Nam Hyun-seung is drunk. Empty bottles are filling the table.

The guy staggered to his feet.

“Where are you going?”

“You’re done drinking. You should go.”

“Why don’t you drink more? It’s almost New Year’s. Let’s go after the bell rings.”

“The talk of money has ruined the taste of alcohol, Inma.”

He even threw in a joke he rarely tells.

“Then shall we go?”

I also got up and followed him.

“I don’t know about other days, but let’s split the bill exactly half and half today. Representative Kang, no, Si-hyeon. You do it first. I’ll calculate exactly half and deposit it into your account.”

This guy was definitely drunk. He dared to talk about going Dutch in front of me. But I nodded, not wanting to offend him.

Nam Hyeonseung headed to the office.

“Aren’t you going straight home?”

I asked.

“I was going to call a proxy and go to the office to send some money. Hey, by the way, do you have any plans to make something like ‘Send money via CocoaTalk’? I’m suddenly having trouble with internet banking.”

It was a passing remark.

My head was spinning.

What? A function to send money through Kotok? Internet banking is annoying? Do you have any thoughts? Until just now, there was none. Now there is. I have a place to spend money.

“Eureka.”

I shouted without realizing it.

“what?”

“No, it’s true that there’s no such function. Thank you, Hyunseung. After all, there’s no one else like you.”

It’s not just the 500 billion that’s important now. The guy was a genius. Nam Hyun-seung gave me an epiphany.

“What? What the hell?”

He was standing in front of the elevator, looking at me with a bewildered expression. The New Year’s Eve bell rang with a noisy noise through the open door of the bar.

The year 2013 is Gyesa Year.

At the same time, somewhere in Seoul,

The lights were on late into the night in a startup office. It seemed as if discussions were in full swing over new business ideas.

“Easy remittance and payment service? Whose idea was this? Remittance through one app? Does that make sense?”

“Why doesn’t that make sense? It seems like the banks could help.”

“That’s what I’m saying. Why should the banks help us? They can just make an app and it’ll be over.”

That seemed to be true.

‘Is that so?’

Next idea, a representative-looking person cut in and said:

He mercilessly drew an X with a red pen over the proposal titled “Easy Remittance and Payment Service.”

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