Money Likes Me Too - Chapter 58



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Episode 58.

Lee Jong-suk heard endless talk since morning.

“Coin exchange?”

It wasn’t long ago that ‘Stock+Plus’ was re-released. It wasn’t long ago that I heard that it had become a popular app.

But already? You’re starting a new business?

It’s too fast. There’s something. Lim Kyung-jun nodded.

“Finance CEO Yang Seung-kwan was very proactive. He even looked into suitable properties. He said it was Onbit.”

“You’re going to do it in Hantree too?”

“sure.”

If only we could get enough investment, Lim Kyung-jun commented.

“Oh my.”

Lee Jong-suk’s brow furrowed at the painful story.

“Cocoa Finance is a company that handles money, so it has plenty of freedom, and since it’s its own subsidiary, it has a certain degree of autonomy, but what about us? It’s a new business that requires our investment money. We should have at least received a report.”

Lim Kyung-jun responded immediately.

“I received it.”

“where?”

“Here it is. Would you like some?”

Lim Kyung-jun said, holding up his cell phone. He said he received it as a file.

“What good is it if you just receive it? The CEO should see it. Vice President Lim, did you tell the CEO about that?”

“That’s not it.”

“······Hasn’t the takeover already taken place?”

“I guess you haven’t shown your intention yet?”

Lim Kyung-jun added immediately.

“The three of us, including Finance CEO Yang Seung-kwan and Hantree CEO Shin Seung-mok, just met and talked. We will gradually set up a table.”

“Yeah, that was good.”

Lee Jong-suk let out a sigh of relief. There was silence for a moment.

“Vice President Lim.”

“yes?”

“What are you doing? Go up quickly and report to the CEO.”

It seemed like he had something to say.

“I’m sorry to say this. Couldn’t you, Representative (Lee Jong-suk), do that for me? You did it for me last time, too.”

I’m talking about when I bought Bitcoin.

It was an accident, but it was a pleasant and large-scale accident that brought in close to 2 trillion won in Korean currency. Thanks to this, a never-ending spring was created in the Cayman Islands. This investment also came from there.

The incentive of nearly 10 billion was a bonus. Lee Jong-suk touched his forehead.

‘I can’t be mad about this.’

It must have been this way from the beginning. Lee Jong-seok groaned and got up after shooting a laser at the guy once.

“Okay, then send the file quickly.”

It was a blunt, yet softened voice.

“Oh yeah! Thank you.”

“Thank you, I haven’t told you yet. I’ll read it and then decide whether or not I can report to you.”

“That alone would be more than enough to thank you.”

“If you can’t speak, you child.”

I opened the file.

‘Onbit?’

I just listened to it with one ear and let it go out the other. Now that I think about it, I’ve heard that name before.

‘Where have I seen it?’

I immediately turned on the Internet. I tapped on the keyboard. As expected. It was a name that was quite hot among M&A experts recently. Why did I choose this?

‘It’s not as bad a story as I thought, is it?’

It whetted my appetite.

“Why? What do you have?”

“Maybe this will be okay, Kyungjun.”

I blurted out a word.

“I knew you’d say that. As expected from our representative.”

Lim Kyung-jun made a soulless speech. His eyes were already on the monitor. The mouse clicked. His current interests were Litecoin and Ripple.

* * *

[ ‘For Cocoa’ Golden Age, Everything from Secondhand Goods to Stock Trading with Cocoa? ······ It Has to Be Cocoa! Pay Attention to the New Digital Trends! ]

I couldn’t understand it.

‘Stock+Plus for Cocoa’, which was expected to fail, is skyrocketing in popularity.

‘Why on earth?’

There are already many securities companies’ MTS. It is enough to just use the securities company app where you opened your account. There is no inconvenience in stock trading. I thought there was no need to download a new app again.

But that wasn’t the case.

It was strange. The number of downloads increased by tens of thousands per day. The reason was simple. It was convenient.

I was the only one who felt extremely uncomfortable.

“Representative!”

A general came in. His face was tanned from frequent business trips.

“The growth of the ‘Stock+Plus’ app is amazing. It has also boosted the downloads of CocoaTalk, which had been stagnant. It’s a virtuous cycle.”

“I told you this would happen, didn’t I?”

“Haha, as expected, your insight is amazing. I apologize again this time.”

He was smiling brightly. His teeth looked unusually white.

“Sir, I have something to report to you.”

Lee Jong-suk came in. I was scared that he would talk about making money again.

“Go ahead.”

“Hantri is working on a new business. They are acquiring a company. CEO Yang Seung-kwan will come and give you the details, but I will explain first.”

No. It’s about spending money. I was happy. I opened the document.

“Coin?”

“Yes, that’s right.”

It wasn’t a happy thing. I felt uneasy again. There was a reason why my spine had been so cold the day before yesterday.

A forgotten trauma came back to me.

I can never forget what happened two years ago. It was a nightmare worth 2 trillion won. It even appeared in my dreams sometimes. But he brought up the coin exchange story in front of me again. Is this guy in his right mind?

“······ Of course, Hantree will own and operate the exchange.”

I barely managed to open my mouth.

“Stop it.”

“yes?”

“Please stop now. It’s not too late, right?”

Lee Jong-suk looked at me blankly and then said an unexpected name.

“Sir, do you know a company called Blue Mobile?”

Blue Mobile?

I’ve heard of it. At the end of last year, it was listed as a unicorn company selected by the government. The company’s value exceeded 1 trillion won.

It was a place that reminded me of Retower Tech.

I heard about it in the class. It was a company that aggressively carried out M&A by exchanging stocks without spending a single penny, and in an instant, it had over a hundred subsidiaries and reigned as the leading stock on the KOSDAQ in the millennium era. It rode the dot-com bubble and inflated its size like a balloon, but eventually burst.

“I know, but why?”

“Blue Mobile has bet over 10 billion on Onbit. The talks are probably in full swing right now.”

“Really?”

Then the story changes. Is Blue Mobile drooling? This is a place that is sure to succeed (or fail).

“Just a moment.”

“yes.”

“I changed my mind.”

I can’t help it. Lee Jong-suk has ignited my competitive spirit.

“Tell Hantree. We can’t let Blue Mobile take this opportunity away from us. Tell them to double whatever they offer. They’ll invest as much money as they want.”

* * *

Onbit CEO Yoo Chang-myeong lowered his head.

“Now you have to make a decision.”

When he first started his business, he was full of enthusiasm. He had a dream. His goal was to become the Mt. Gox of Korea.

But Mt. Gox collapsed first.

It was a hack. A whopping 850,000 BTC was stolen. As a result, people’s trust in the coin was also destroyed. Transactions decreased. It was fatal for exchanges that make a living from fees.

‘We are not like that!’

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I shouted inwardly.

To enhance competitiveness, we developed a hybrid solution that enhances the security system and increases the proportion of cold wallets. We have poured resources into security without sparing any effort.

But no one noticed that.

The media made a fuss about it every day.

[ Where will the Bitcoin crash end? ······ Japan’s Mt. Gox ‘400-500 billion coins stolen.’ ]

[ Users are suspicious of the vulnerable virtual currency, ‘Is this really money?’ ······ Other coins’ trading volumes are falling simultaneously. ]

I raised my head again.

“Are you really not going to make a decision?”

The motor had been looking down on him for some time. The guy had been insisting that he give up his stake for some time.

“I guess so.”

“Are you going to do it?”

“Yeah, Inma.”

Yoo Chang-myeong got up.

“Where are you going?”

“I’m going out for a smoke.”

“It’s okay to have one before you decide,” he said with a smirk as he walked outside. A cool breeze greeted him as he left the stuffy office.

‘Is this how it ends up?’

It was an unwanted ending.

The place I was going to invest in was a place called Blue Mobile.

In 2014, the company had just over 20 subsidiaries, but now it has nearly 100. Even an octopus would be disgusted at this number.

The suggestion I heard through the motor was this.

‘I’ll give you my company’s shares, so let’s swap them for your shares.’

I’m not saying I’ll give you money. I’m saying I’ll give you a stake.

On top of that, he even put himself under protective custody.

After taking control, he has a dark plan to put himself in the shoes of the founder and invest little by little as if urinating on someone’s feet. It would have been better if he had named it ‘Black’ instead of ‘Blue’.

But there was no other way. Without that money, the exchange would have to close its doors immediately.

‘Sell while there’s still some value left. That’s the basics of trading.’

The motor was strangely enthusiastic.

“Yeah, I guess there’s nothing I can do.”

It was the moment when I was about to give up.

Brrrr, brrrr,

Just as I was about to go inside, my phone rang. It was a number I didn’t recognize.

“Who are you?”

His voice trembled.

– Hello. Are you, by any chance, CEO Yoo Chang-myeong of Onbit?

“That’s right, but why?”

– Nice to meet you. My name is Lim Kyung-jun, Vice President of KSH Holdings. You probably won’t understand if I say this. I think you’ll understand if I say that I’m the family office of CEO Kang Si-hyun, the largest shareholder of Cocoa Labs.

Kang Si-Hyeon, that name sounds familiar.

‘no way?’

The man spoke as if he had read his mind.

– Sure, that’s right. I’m planning to invest in Onbit. Let’s catch up. When should I come see you? The sooner the better.

* * *

‘You closed all the chat windows in Onbit? Why? Suddenly?’

It was shocking news to Blue Mobile’s Jinhyuk Su.

He has never failed in an investment. I am not talking about the results. I am talking about the fact that he has never failed to acquire a company he wanted. Whether he can make money or not is another matter.

I just picked up the phone.

– It’s an onbit motor.

The motor was a man of common sense. And of course, money was a man of common sense.

“This is Jinhyeok. Can I talk to you?”

– Ah, yes······. Just a moment.

There was a rustling sound for a long time.

– It’s okay now. Go ahead.

It was a secret call. It seemed like he had moved to a quiet place. I questioned him right away.

“How did this happen?”

– Well, I don’t know. I thought I had definitely gotten over it, but then suddenly the words changed.

“What if you don’t know that? Investing seems like a joke?”

What can you do if you don’t know what you don’t know? The electric motor held back what he wanted to say.

– Sorry, I’m sorry.

Jinhyuksu sighed.

“I’ll be there soon, so talk to the CEO. Think carefully about it, because I’m going to double the amount. Opportunities like this don’t come easily.”

Even after hanging up the phone, my composure didn’t return right away. I took a deep breath.

His usual credo was this:

‘You say money can’t solve it? Then maybe you don’t have enough money? Go and double the amount.’

The problem was that it wasn’t his money. After receiving 100 billion won in investment from a venture capital fund, his money hustle got worse.

But I tried not to spend money as much as possible.

Instead, he took the expedient route of acquiring the company through a stock swap. His rosy logic was that if Blue Mobile’s stock value went up, it would naturally receive investment. In this way, he brought dozens of companies into his fold.

There is one problem with this approach.

The moment even one acquisition fails, it will fall like dominoes. The increase in corporate value will be halted.

That’s why I had to get my hands on Onbit. It was a matter of survival.

“Welcome, Mr. Jinhyuk Su.”

“CEO Yoo Chang-myeong? What’s going on? You’re saying you won’t accept our investment.”

I ran straight there and sat down at the table.

“Thank you for your kind words (I didn’t thank you), but I don’t think I need to take your investment.”

“why?”

“Because I don’t need it anymore.”

It was a lukewarm attitude.

Jinhyeoksu was in a good mood. He clearly knew that Yoo Changmyeong needed money. The motor was all blown. Even if he grabbed his trouser leg, it wouldn’t be enough.

But what?

You don’t need it anymore?

Jinhyuksu’s voice got louder without me knowing it.

“Are you worried about the future of our company? Are you worried that it might go under during the one-year probation period?”

“······.”

“You know GH Group’s grandson, Park Woong-jong, right? He’s the third generation of a conglomerate.”

“yes.”

“That person invested 100 billion won in me. As the company grows, we will receive more investment. Atos, Sequoia, there is no problem. Our Blue Mobile is a unicorn. It will spread its wings. Even if you have 0.1%, not 1%, it will be a jackpot. Let’s share that future together. Don’t you understand?

I thought I had to hold on to it somehow.

“I guess that’s a possibility.”

About 1%? Yoo Chang-myeong chuckled as he thought to himself.

“It’s going up.”

“That’s what you want to believe.”

“No, are you calling me here to play a joke? I’m a busy person, too.”

He wasn’t busy. There was nothing more important than this. Jinhyuksu felt like he was on fire inside.

I was in a hurry.

There was one more reason to acquire Onbit, perhaps the most important one.

‘How should I know what a coin is?’

He wasn’t interested in coins. He was more interested in the money deposited by customers in the coin exchange. This is money recognized as an asset under accounting standards. This is because it is neither a financial insurance business nor a banking business.

It’s funny, but that was reality.

The story ultimately means that you can rent it out as much as you want. After all, it’s a subsidiary after all. You can just borrow it and pay it back slowly later.

“Are you really not going to do it?”

I had to push through, even if it meant force. He growled.

“Yes, I am not doing it.”

“Then that’s right······. What did you say?”

“I said I wouldn’t do it.”

“why?”

“Because Cocoa offered better conditions. And of course, the price was the same.”

Yoo Chang-myeong glared at him.

“This is a story that doesn’t need to be told, but I’m telling you this because CEO Kang Si-hyeon gave me special permission. The entire acquisition price is in clean, clear cash. It’s not like someone swapping scraps of paper stocks.”

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