Money Likes Me Too - Chapter 63



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Episode 63.

Ian Fletcher was in a good mood.

‘They say that someone will come from the east with good news around summer, and I can’t believe it’s true.’

I once had a Korean friend tell me something called ‘Tojeong Bigyeol’ for fun. It’s a New Year’s custom. Then I forgot about it. He’s an engineer. He doesn’t believe in fortune telling.

And that statement was right.

I was introduced to a good company. Cocoa. It is a Korean company from an eastern country. The date is also perfect for summer.

‘As if it was prepared just for me.’

It was an unprecedented treatment that I would not have expected anywhere else.

It’s not about money or status.

MS wanted him to come to their research center near Seattle. Sungsam was taking Korea for granted. It would be a routine life. He didn’t like it.

However, it was not something that could be simply refused without any special measures taken.

It was a time when I couldn’t do anything. Cocoa made a deal that I had no choice but to accept. The timing was good.

‘If you’re so grateful, please collaborate with me later.’

‘I don’t think that will happen even if you don’t make a promise.’

I didn’t hate Damien’s antics.

Generative adversarial networks,

In short, GANs were his idea. Even if someone acquired Taluba, he would just leave the company.

It’s all up to your own decision.

The final remaining step was to convince Professor Joshua Benji.

“Welcome, Ian.”

I happened to go to see him when he returned to London.

“You have something important to tell me?”

“Yes, professor.”

“Judging from your expression, I feel like you’ve already heard the whole story. Come inside. But I still have to say what I have to say.”

Professor Fletcher and Benji sat facing each other in the study.

“It’s difficult to say, but······.”

Although it was difficult to get it out, the content was simple. It was about quitting the company. It also said that Cocoa had invested in it.

Benji was his mentor who guided him through his doctoral studies and even reviewed his thesis. It was also because of this connection that they started working together at the company. It felt like a betrayal to leave now.

“Good idea, Mr. Fletcher.”

But Benji thought differently.

“You are not the type of person who should be tied down to anyone. You are suited to starting a business. And you are young. You have to flap your wings when the wind blows. They say that mother birds choose days like this to throw their young off a cliff. I feel like I am that mother bird.”

“Thank you, Joshua.”

“Let’s go somewhere. You said your name was Cocoa, right?”

Fletcher nodded.

“I’ve heard that name somewhere,” Benji muttered as he picked up the pad next to him.

“Yeah. Here it is. Cocoa.”

A soft exclamation followed.

“Do you know this place?”

“I know. That’s exactly where Jeffrey went. That’s exactly how I remember it.”

“Professor Compton?”

“Yeah. Jeffrey Compton, that guy. He was in a big mess because he threw away investments from Google and Microsoft.”

He chuckled as he recalled the old memory. Fletcher remembered that incident too. Suddenly, curiosity came over him.

“Why did you do that?”

“What are you talking about?”

“Professor Compton, it was only $61 million. It’s funny for me to say this, but it could have been higher. Why did you cut it off in the middle?”

It wasn’t just my curiosity. Many people who heard about it had their doubts.

‘Are you not materialistic?’

‘Even if I’m a monk, if I see someone willing to pay more than 60 million dollars, I’ll give up my religion. It won’t be for that reason.’

‘Then what on earth is the real reason?’

Everyone’s words were different. They were all speaking without knowing.

Ultimately, that question became one of Silicon Valley’s ten biggest challenges of the 21st century. And only Compton knew the answer.

“I asked too.”

Benji said in a faint voice. He seemed to know what was going on. Fletcher asked.

“So what did Professor Compton say?”

“It was scary.”

“yes?”

It was a disappointing answer.

“People say that. Why didn’t you see the end after holding the auction? I asked that question. Why didn’t you see the end? Jeffrey said that he had already seen the end. Right in the eyes of the investor.”

That’s what Compton said.

‘Everyone thinks about the future. It’s the same with investing. No matter how much money a house (investment company) rots, there’s bound to be a limit.’

But he (Kang Si-hyeon) was different.

It didn’t seem like it would stop even if it was 600,000 dollars, 600 million dollars, or 6 billion dollars. If he had no thought of the aftermath, he would have gone all the way. But he said he simply didn’t have the confidence to handle that much money.

“Is that all?”

As it turned out, it was a vain reason.

“What do you think? How does it feel when you see it with your own eyes?”

Professor Benji, who had finished his story, looked over at Fletcher. His eyes were sharp.

Now that I hear it, that’s true.

“well.”

$1 million annual salary, incentives not included.

The establishment and investment of the corporation will be done by sending a management expert from Cocoa. All you have to do is research while maintaining the nominal position of the corporation president. In addition, any data you need will be provided as much as you want. These were the conditions he was offered.

You can remain in Britain as long as you want.

That’s not all. You don’t have to go to work. You can use your vacation as you wish. [Gordon Ramsay]’s free pass was a bonus.

‘Is there really any condition greater than this?’

GANs are a great idea, but they are still in their early stages. I can’t imagine anything more than $61 million, let alone more.

Fletcher answered after some thought.

“I think I saw it vaguely. I also think I might be able to see more in the future.”

“Let me know when you see it. I’m curious too.”

Finally, Joshua Benji burst out laughing.

* * *

I came back to Korea. Time passed.

A European subsidiary was launched.

[ Cocoa, entering Europe. Corporate name is ‘Cocoa Gans Europe (KGE)’ ······ Consecutive home runs following KAA’s success? ]

Vice President Koh Woong-chul of Cocoa Global, who was in charge of Southeast Asia, was appointed to manage KGE. Of course, the corporate president is Ian Fletcher. A promise is a promise, but it was judged that a local who knows Europe well would be a better fit.

Go Woong-cheol was full of enthusiasm.

“Please do not spare any resources (money) for your performance and pour them in.”

– Okay, I’ll do my best.

The interview was changed to a video conference.

He will do well.

As CocoaTalk advanced into Southeast Asia, it acquired many local companies through M&A. It was a lot of money. It was his achievement.

Europe is not much different from Southeast Asia.

Money works. In the capitalist market, there is no tool as sure as money. That is why I have high expectations for his role in this matter.

“What are you thinking about?”

Director Han Jang-soo came in and stared blankly at me.

“Oh, no. What’s wrong?”

“I have something to report.”

“What is it?”

“That’s good news.”

He took out a document and handed it to me.

“The first Korean individual YouTuber to receive the Gold Play Button has emerged from Coco I&M. His name is Jaybla······.”

“I know. You’re the singer, right?”

“you’re right.”

He explained that the ‘Gold Play Button’ is a kind of award given to YouTubers who have over 1 million subscribers.

“In terms of channel rankings, it is within the top 20 in the country. However, above that, it is only broadcasting stations and large entertainment agencies. To be frank, it is a great achievement made in a situation where capital and manpower are not comparable.”

I just listened quietly.

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Of course, that’s true. It’s something to celebrate as an individual achievement for Jiblea. The efforts made so far have been rewarded.

But what about me?

It was clear that the profits would be huge. I just didn’t have the confidence to face the documents.

I closed one eye and checked. At first glance, I saw that the numbers were long, so my guess was correct. I quickly wiped away my tears.

Is this the end? It was then that a good idea flashed through my mind.

“I should give you a reward too.”

“Huh? What is that······.”

“Broadcasting stations give out acting awards every year. In the film industry, there are festivals like the Grand Bell Awards and the Baeksang Arts Awards. Gold Button? Isn’t that actually similar?”

“······you’re right.”

His eyes narrowed.

“Is there anything we can’t do?”

“yes?”

“YouTubers are also full-fledged artists. If they have achieved outstanding results, we should congratulate them and encourage them to continue to work hard.”

“Only one person has achieved success so far.”

I asked.

“So you’re saying it’s not precious?”

He shut his mouth. I won. I finished the story.

“Please tell CEO Song Yu-hwa that I did a great job. And please tell her about the YouTuber-targeting campaign I mentioned.”

For a moment, there was silence.

“······Next thing.”

One of the managers pulled himself together and started talking.

“This is a personal matter for you, sir. There are good things and bad things, so which one should I start with?”

“If you’re going to do this, please start with the good stuff.”

My heart was pounding.

“No, it was Forbes who contacted me.”

“Forbes?”

“Yes. Let’s look at this first.”

It was a card with [Three Comma’s Club] written in gold. The numbers were suspicious from the start.

His explanation continued.

“It’s an annual event for Forbes to release a list of people with a net worth of $1 billion, or 1 trillion won. This time, you’re on it.”

What? That’s good news!

A good idea didn’t come to me right away. Seeing my expression change, Director Han added.

“Nothing changes. Your name just goes up.”

“Can’t I cancel it?”

“It will be difficult.”

He convinced me.

“They’ll say it’s freedom of the press. They’ll refuse. This is America.”

“······.”

“Sir, this is good. It has a great publicity effect. This time, Vice Chairman Lee Yong-jae was also on the list, but Seongsam didn’t say anything, did they?”

Damn, I was speechless.

“What’s the bad news?”

If this is the good news, how much bad news is there?

I didn’t want to hear any more. But I’m the leader. No matter how bad the news is, I have to hear it. I made up my mind.

“A blog post is going viral. It’s amazing. Just take a look.”

— Title: It is inevitable that cocoa will fail. (ID whdudwls)

‘huh?’

I liked the title from the start. You said it was bad news? This time, it’s the opposite.

‘······Cocoa CEO Kang Mo also announced that he is establishing a new artificial intelligence company in Europe. He is like a bull without brakes. He gets everything he wants. ······’

The bull originally had no brakes. I continued reading.

‘······ The future of octopus-style expansion is obvious. Not long ago, Blue Mobile received an ‘audit refusal’ opinion from the accounting firm, Hui○○. This is the result of repeated reckless expansion with unsecured management capabilities. The results were disastrous. Cocoa is the same. ······’

Exactly. I was drawing the future I wanted perfectly.

“Is this okay?”

Opened his mouth.

“yes?”

“Haven’t I told you? Stagnant water rots. The more opposition there is, the more vigorously the company (heading toward ruin) will run.”

“But the problem of public opinion······.”

I waved my hand and covered his mouth.

“You said that in Forbes? There is freedom in reporting. Blogs are the same. I’ll stop someday, so leave me alone.”

I didn’t want it to stop. I wanted it to spread more. It was an amazing insight. I wanted to meet him.

“Your name is Jo Young-jin?”

“It’s the same ID.”

“Remember, you will have a chance to repay me.”

The chief nodded. He had planned to remember it anyway. He needed revenge.

‘Let’s wait and see.’

He ground his teeth inwardly.

* * *

It was just before October 2015.

[Financial Services Commission, application period for preliminary approval of first internet-only bank ends tomorrow. ······ Which of the two companies that declared participation will apply first?]

[Cocoa Bank vs. OK Bank, ‘two-way battle’… Variables are Cocoa’s aggressive M&A moves, or OK Bank Consortium’s ‘Baro Bank risk’]

‘Right now, it’s bank risk, what nonsense.’

The reporters were talking nonsense. KS Strategy Office Director Joo Sung-han crumpled up the newspaper. It was bitter.

“Sir.”

There was a knock on the door.

“Are you here?”

“Yes, you have arrived.”

“Bring him here quickly.”

A moment later, the door opened. A man dressed neatly in a suit appeared. It was Do Yu-jun, the second son of Future Asset.

“Sit down.”

The two were college classmates. Now, they are on the same boat called the ‘OK Bank’ consortium.

But I didn’t feel any kind of bond between the two.

“Are you well prepared?”

“Of course. Future Asset must pay the capital without any problems. If the approval is lost because of money, the aftermath will be severe. It won’t end with just a drop in stock price.”

“Don’t worry about that.”

Do Yu-jun cut it off.

“Did you know that the Korea Deposit Insurance Corporation (KDIC) is going around here and there trying to block deal Baro Bank shares?”

It was the so-called ‘Baro Bank risk’. That was also a problem.

“I know.”

“But aren’t you worried?”

“Don’t worry. We’ll all know each other once we cross the bridge. In the end, Baro Bank won’t be able to escape our sight.”

Even as he watched Do Yu-jun acting peacefully, Joo Sung-han couldn’t shake the feeling of uneasiness in a corner of his heart.

“Maybe some cocoa.”

“That’s nonsense. We can’t touch Cocoa. The 5% rule is secondary, and right now we’re competing with them to attract an internet-only bank. We can’t do that, even for the sake of the media.”

“I guess so?”

“Do you know how many companies they’ve acquired recently? They probably don’t have any money anyway.”

Only then did Joo Sung-han nod. Somehow, a corner of his heart felt uneasy. It was a strange feeling.

At that time, Lim Gyeong-jun was also reading the same article.

‘It’s Baro Bank······.’

KSH Holdings is a cocoa-related company. It cannot invest in banks.

But East House is a different story. It’s in a place that no one knows about. You just need to apply Lee Jong-suk’s dark capitalism a little.

It’s simple.

You just have to spin it a few times.

Foreign individual investors who do not exist in this world will buy up all of Baro Bank’s stocks.

‘Should I try it? If it doesn’t work, then that’s it.’

Anyway, I had a lot of money. I had nothing to lose. His smile was reflected blackly on the screen.

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