Money Likes Me Too - Chapter 51



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Episode 51.

‘Advancing into Korea?’

Loftbank Chairman Son Byung-hwa met with Nikki Huang of Amazon Japan to get advice.

‘It doesn’t seem like a bad choice.’

She said that when Amazon first entered Japan, it was able to easily become the number one online commerce company with its book preview and free shipping policies, and that if Pangku did the same, it would quickly become number one.

Pangku was already in first place.

Besides, Pangku wasn’t focused on selling books. He thought it was a minor mistake and didn’t correct it.

She added one more word.

‘I don’t think you have to worry, Chairman Son.’

‘Are you worried?’

‘Before coming here, I briefly looked at Chairman Son’s fortune. Did I do well? It said it was very good, very good. You don’t have to worry, right?’

The last words were a bit unsatisfactory.

But so what? Niki Huang is an expert. And in my experience, experts are never wrong.

‘Cocoa, this guy will also take the poop line this time, right?’

That’s a whopping $1.5 billion.

Has a Korean company ever attracted this much investment? He can’t remember. Unless it’s a SOC like a road or a port.

It’s not just Cocoa that’s surprised.

The whole country would be in chaos. I felt happy thinking about that.

There was also opposition.

‘Pangku has staked its life on investing in logistics networks. Its operating loss alone is 200-300 billion won per year. It is a money-eating hippopotamus.’

‘BlackRock values ​​Pangku at around 300 billion yen. If it’s 1.5 billion dollars, it’s like investing half of the company’s value. It’s excessive.’

He shook his head.

‘What would you do with cocoa?’

This was the question that everyone had no answer to.

It was a winter day in December, not long before 2014. An official reply arrived from Pangku. It was, again, a fax.

— ······ In order to accept your investment, Pangcoo Co., Ltd.’s parent company, Pangcoo Company, will issue new stocks and allocate them to third parties as follows, ······ ‘

A press release was also released at the right time.

‘I guess the front page is the one that’s been set aside?’

In terms of single investment alone, it is one of the largest sums in the world. In Korea, where the total amount of startup investment in a year is less than 1 billion dollars.

It would be right to give at least one page.

Son Byeong-hwa’s steps as he heads to work at the Loftbank headquarters are brisk. Spring has already come to his face.

“Chairman, are you out?”

The secretary nodded.

“I bet you put what you told me to prepare in its place?”

“Of course.”

The three major Korean newspapers were lined up neatly. I sat down.

I picked up the newspaper on the top. Although I was not good at speaking, I could read the letters. My heart pounded at the rustling sound.

I opened the front page.

I didn’t expect to make it to the top headlines.

It is true that there are limitations in the ITC industry. The level of interest is not high. Still, I believed that at least some photos would be uploaded.

‘I guess I’ll see Cocoa Kang Si-hyeon too.’

No it wasn’t.

[Lee Sam-jin, 9th Dan, smiling brightly in front of Alphaduck Lee (LEE), who opened the era of artificial intelligence. ······ ‘I will protect humanity.’]

It was a picture of a Go player with a monitor. He had a bright smile.

‘What, what is it?’

The Pangku article was on the front page, too. It was in the bottom corner.

Under the headline, ‘Pangku attracts 1.6 trillion won in investment from Japan’s Loft Bank.’ This was the end of the article.

Related article, page 15.

In short, they were pushed out. They spent $1.5 billion and got a 15-page article.

‘Where’s my photo?’

I couldn’t see it even after washing my eyes and looking for it.

“Tatsuya! Tatsuya-kun!”

His voice grew increasingly angry as he looked for his secretary. Winter had come to the chairman’s office.

* * *

The year 2015 is the year of the goat.

‘I’m so tired I could die.’

Director Han Jang-soo was busy without rest. All through December, he went around looking at land. It wasn’t Seoul. It was Gangwon-do. The price of gas alone was several hundred thousand won.

I sat down and stretched out my sore legs.

“Did you go hiking again?”

It was Choi Dong-hoon, the head of the finance team.

“What kind of hiking is this?”

“If you climb a mountain and look at the land, isn’t that mountaineering?”

“Yeah, I went hiking. What are you going to do?”

“Haha, sir, I’m joking.”

Director Han’s eyes narrowed.

You too, like me, go back and forth from Gangwon-do to Hwapyeong every week. It’s easy to say that it’s a joke, but I was about to snap at you.

“I almost forgot.”

Team Leader Choi, who had been smiling gently, changed the subject.

“When the CEO comes, please make sure to decide something. Isn’t there a gift for this Lunar New Year?”

“You said it was a Rolex?”

“Madam, if you want, you can change it. To Cartier. Please decide by the end of today.”

A manager asked.

“Maybe Cartier······.”

“That’s right. It’s a special edition of Cocoa Friends. It’s a custom order, so I have to decide quickly.”

A manager came in.

‘You look so happy today.’

He is a workaholic. He never lost his composure even though he was busy until the new year. He was professional.

He opened his mouth first.

“You said you had something to report?”

He came up to me and put down a stack of papers.

[Current status of securing site for Gangwon-do 2nd data center] After frequent business trips to Gangwon-do, it seems like the work is almost finished.

“I have selected a few places. If you confirm them, we will go through the process to launch the project.”

The driving force is also strong.

“Can you explain it to me?”

“Of course.”

He opened the papers. At the same time, his mouth opened.

“This is the first site. The area is 30,345㎡. The temperature is low and the land is relatively flat for a highland, so it’s good, but the only problem is that it’s too close to the DMZ. It’s not easy to see. When I asked about the purpose of my visit, they were so scary.”

Eliminated. The DMZ has crossed the line. He continued.

“Next is Wonju. Everything is good, but the area is disappointing. It’s a little over 10,000㎡. It’s near the innovation city, so the area is a bit complicated, which is a bit of a drawback. There are also advantages. There is a subsidy from Gangwon-do. It may be difficult as the first center, but it’s a land worth considering as an option for the second center.”

Subsidies? This is out too.

“This is the last one.”

A manager who observed my expression continued to speak.

“45,211㎡, the land is the largest of all the lands I’ve shown you so far. The temperature is low because the land is high. The location of the substation is also good. There are three places surrounding it in a triangle. That means at least two places can be black. It can be said to be the best location.”

“Good. It’s better than the first two.”

He nodded and added a word.

“The best thing about it is that the land is cheap. It’s much cheaper than the first two places. It’s strange.”

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What? Such a ridiculous problem.

“It’s a bit of a shame.”

The manager didn’t hear what I said.

“Please also take a look at the expert opinions below. Everyone says that this land is a land prepared by heaven for data centers. It is so ideal that nothing is left out.”

There is only one thing on my mind.

“Why is it so cheap?”

“I don’t know about that either.”

He added as if remembering something.

“I have to keep it completely secret who the previous owner is and for what purpose I bought it. I even swore a secret oath, but he doesn’t seem to know much about it. So, other than the fact that it’s being sold in a hurry, I don’t know anything.”

“There are no legal issues?”

“It’s clean. I don’t know if the previous owner cleaned it up well, but I even got some real estate advice just in case.”

The decision was easy.

“Let’s do it here, okay?”

Even after the words were spoken, Director Han continued to mumble. He seemed to still have regrets.

“Sir, just owning real estate helps increase the value of the company. It’s also a good way to invest. Especially, if you buy land at such a cheap price, you can make money right away even if you sell it······.”

“Okay, I understand. That’s it.”

His face became sullen.

“You have nothing more to say?”

“Oh, there’s one more thing I heard, sir.”

“What is it?”

“According to the story of the trader who went with me, it’s not a very good piece of land in terms of feng shui. Of course, I can’t give up on it for that reason. Haha, where in the world would you find such a fool, right?”

* * *

The phone rang. [Pangku Lee Seok-hwan]. It’s been a while.

I got a call right away.

“Yes, this is Kang Si-Hyeon.”

– Representative Kang, how have you been? This is Pangku Lee Seok-hwan. Happy New Year.

His speech, which began with a New Year’s greeting, became long.

It started with a story about former Chairman Lee Chung-jae, who recently founded a startup incubation company, and then moved on to the current status of Naver, which recently got on the bandwagon of the artificial intelligence issue.

He always had long words.

“Just a moment.”

He interrupted.

– yes?

“I think you have something to say······.”

– Sorry, I spoke too long.

He cheerfully admitted his mistakes.

The story he brought out after that was nothing special. It was a trivial story about receiving a billion dollars in investment from Son Byeong-hwa of Loft Bank.

‘1 billion dollars? That must have been a huge burden.’

I felt sorry for interrupting for a moment. I understood that you must have wanted to be comforted.

After a brief pause, Lee Seok-hwan continued speaking.

– So, what I’m saying is that this time, we at Pangku are trying to find a new way to transition to a holding company system.

He had a hard time coming up with the idea of ​​exchanging my shares in Panku, the existing business company, for shares in Panku Company, the parent company. In simple terms, he wanted me to sell my shares. And he did it at a premium.

This is not it.

It’s a shame, it’s a shame. But it was an offer I could never accept, to be offered money out of the blue. I drew the line.

-······So we.

“Not for sale.”

He spoke in the most firm voice possible.

– Representative Kang. But we······.

“Congratulations on creating a new holding company. I believe that with CEO Lee Seok-hwan’s capabilities, he will be able to lead Pangku to become the best logistics company.”

-······.

“If you want to invest in the holding company, I will do so. But I will never sell my shares.”

– Representative Kang······.

What can’t be done can’t be done, I said in a determined voice.

“I’m sorry. I’ll consider this offer unheard. I’ll hang up.”

Lee Seok-hwan looked down at his phone in a daze.

‘What on earth does that mean?’

Did they find out that he was trying to use differential voting rights? Even if that was the case, I couldn’t understand why he wouldn’t sell his shares even though they were giving him shares.

Are you really asking for voting rights rather than premium?

His thoughts became complicated.

‘You’re no good to that guy.’

Suddenly, I remembered the expression on Lee Chung-jae’s face that I saw in Jeju Island. I didn’t understand it then, but now I feel like I can understand it somehow.

* * *

Cocoa Finance, which moved into A1, was still busy even after the new year.

“Once you’re ready to pitch, shoot quickly.”

“Just a moment. The cleaning will be over soon. Daehyun, is the summary not finished yet?”

It is a busy place, horizontally, from the CEO to the employees. There is no separate CEO office. An employee who joined last month passes by on a kickboard in front of CEO Yang Seung-kwan’s seat. It was a familiar sight.

Monthly Day was a few hours away.

[ Financial Services Commission begins discussions on introducing internet-only banks. ‘Is a smart financial revolution coming?’······ Consortiums involving commercial banks will become mainstream. ]

Yang Seung-kwan’s eyes, which had been looking at the monitor, lit up.

‘But time······.’

I lifted my wrist to check the time. It was a Rolex I had never seen before. It had a bear on it, but I didn’t care. In fact, I was proud of it.

I woke up with a start.

“Sir, just a moment.”

“Why, Team Leader Seok? I’m late.”

Who grabbed his sleeve? It was Seok Hyun-gon. He was a formidable rookie who had shown tremendous performance since joining the company in 2013 and was promoted to the position of technical support team leader this year.

“I sent you some data via airdrop.”

He said.

“Because the article you saw earlier looked familiar to me. They say that our ‘cocoa culture’ is to just throw out random ideas on Monthly Day, but I think it would be good manners to at least prepare a little.”

Yang Seung-kwan opened the tablet. The content was rich.

“Thank you, Hyun-gon! No, Team Leader Seok!”

He ran to the door and thanked her. He had to get there on time.

Seok Hyeon-gon looked at Yang Seung-gwan’s empty seat and became lost in thought.

‘This is exactly what Cocoa was like.’

When I first started my startup, I was no better than a runny nose. I didn’t have the insight to recognize good ideas like ‘easy remittance and payment service’. So I threw them away.

On that topic, I found cocoa funny.

I thought I was just lucky. I thought that if I were in that position at that time, I could easily make cocoa.

But it wasn’t. I felt a wall when I saw them calling world stars to the workshop.

I joined Cocoa as a junior.

He felt deep in his bones the reason why he had failed in the cocoa he had ignored.

Here, anyone could freely express any idea, no matter how poor, in front of the representative.

No, it was the opposite.

The worse it was, the more applause it received.

The less money there was, the more reckless and expensive the business was, the more praised it was. That’s how the ‘Cocoa Wallet’ service was created.

That all worked out.

That was the difference between me and Cocoa. It was like the difference between heaven and earth.

“Have a nice day, Representative Yang.”

He closed the tablet while muttering. Seok Hyun-gon had already become a Cocoa Man through and through.

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