Money Likes Me Too - Chapter 64



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Episode 64.

Lee Jong-suk shook his head.

“Right to the bank?”

“Why? Because I’m a foreigner, I can’t?”

“There’s no reason why it wouldn’t work. The stock market opened up not just yesterday. The problem is the name. Do you think it’ll be easy?”

‘Easthouse money is used to buy Baro Bank stocks.’

The idea was good. There was one loophole: the foreign investor registration system. It was put into operation at the same time as the stock market opened in 1992.

“Hey, what is it?”

A breath of air escaped from Lim Kyung-jun’s mouth.

“no way?”

“Why is the world-renowned Lee Jong-seok suddenly doing this?”

“I wonder if our deputy manager has a good idea? Let’s go in and see.”

He didn’t just talk, he brought an empty chair and sat down in front of Lim Kyung-jun.

“Let’s begin the lecture, Professor.”

Lim Kyung-jun coughed in vain.

“Wasn’t it you, CEO (Lee Jong-suk) who created East House? You know better than I do how many places like us there are, other than Cayman. If you put your mind to it, you could probably find dozens of foreign names to invest on your behalf.”

Lim Kyung-jun asked back at him, who was listening with a smile.

“Why are you asking that if you already know?”

“That’s what I’m saying.”

“yes?”

“It’s easy to buy and sell. What I mean is, what’s the point of collecting all that money? Will you be able to exercise voting rights? Will you put an asset management company first? Or will you create an emergency committee?”

Oh, that was the sound? Lim Kyung-jun smiled brightly.

“Why are you here?”

“what?”

The situation was immediately reversed.

“If not, why are you doing it?”

“Does there really have to be a reason?”

Lim Kyung-jun, who had said that, smiled happily, as if he had hit him hard this time. Lee Jong-suk was certain that the saying, “the blue dragon comes out of the water,” did not come from his teacher. That was because even though he was just a student, he wanted to hit Lim Kyung-jun hard this time.

“It was a joke so far. I’m trying to send a signal to the market.”

“Signal?”

“I’ll gradually accumulate them and then sell them all off when the OK Bank reserve certificate comes out around November and the stock price goes up a bit. I’ll just touch the stock price a little bit. Even though it’s improved a lot, KOSPI is still easily swayed by foreign investment sentiment.”

“so?”

Lee Jong-suk linked arms.

‘How long are you going to do that? If your tail is long, you’ll get stepped on.’ That was the look on his face.

“We’ll only eat it once or twice when we forget. Anyway, OK Bank will go down in a few years. Baro Bank will follow suit. We’ll be floundering because we can’t read market sentiment. No one knows who’s doing it. We’ll be holding onto the money.”

That was the goal from the beginning.

I didn’t even think about equity. Anyway, Cocoa is too much even with just one Cobang. Regulation is not a problem that can be solved overnight. There is no reason to drag along two useless burdens like banks.

And, in the first place, you can’t have a bank.

That is why the block deal is divided into 9% and 7% in the forecast. It is a trick to create an oligarchy. It is a measure to prevent a specific company from holding control in one hand.

‘Money is money, but.’

The income is small compared to the cost. The bigger purpose than money is warning.

‘Above all, we need to let Kang Si-hyeon know that if he talks back to her, he’ll get beaten.’

That was Lim Kyung-jun’s true intention.

‘I raised a dog.’ Lee Jong-suk realized. It’s been like that since Bitcoin. The guy became a dog that follows Kang Si-hyeon.

It’s the power of money.

At this moment, there was only one thing I could say to Lim Kyung-jun.

“Try to do well.”

“yes.”

“If you have any difficulties or need anything, please tell me anytime.”

Lee Jong-seok got up from his seat and patted Im Kyung-jun on the shoulder. It was a joy to see his disciple grow.

“Sir, since you’re up, how about a cup of coffee? Strong.”

Sometimes I get a fever though.

“You just told me to tell you if you needed anything?” Lim Kyung-jun’s eyes were saying it with such a spiteful tone.

* * *

It’s October. The application period for preliminary approval has ended.

[ OK Bank, Cocoa Bank completed applications in that order. ······ Results to be announced next month, ‘Financial Market Innovation’, both companies express confidence. ]

The interest was higher than I expected. Major daily newspapers published it as the front page of their IT sections. Reporters were waiting at the back door of the government building and flashed their cameras at me as I came out after applying.

Eventually, my photo was featured on a large page.

“You seem like some kind of criminal.”

I didn’t like it.

“That’s cool, sir.”

“I hate to admit it, but if you grow a beard, you’ll look like John Wick. You’ll look so charismatic.”

Director Han Jang-soo and Cocoa Bank TF Director Yang Seung-kwan each said a word. Lee Jong-suk joined in with a smile.

“Don’t just talk. Director Han, you should exercise too.”

“I always say this, but it’s amazing that this CEO maintains that body at that age. It’s not me who’s strange.”

“That’s a cowardly excuse.”

The other three burst into laughter at the sight of Director Han’s aggrieved expression.

“······You guys are going too far.”

Eventually he got upset.

“By the way, Mr. Yang Seung-kwan has no work now.”

I changed the subject.

“After completing the application, I feel like all the hard work has been washed away. Now I will be free from the bank for a while.”

“What about Chief Seok?”

“I’ve already gotten off work. I guess I should catch up on the sleep I missed.”

“Mr. Yang Seung-kwan, is it okay if you don’t sleep?”

He chuckled, rubbing the back of his neck. His eyes were wide open.

“Well, I’m feeling great right now. I don’t know what it’ll be like later though.”

After all, youth is good.

“It’s not like there’s no work.”

Lee Jong-suk corrected it.

“It may be easy until the preliminary approval is given, but after that, we have to establish a preparatory corporation and prepare an appropriate organization. It is the first new bank in decades. We have to completely rebuild everything from the framework to the flesh.”

“We also need to create an app.”

“If it’s a prototype app, it’s already ready, sir.”

Development Headquarters Director Jaehong Yoo intervened.

“We have the backend core banking system, the Cocoa Bank app, the legacy CSS (credit rating system) and two alternative credit rating models, Cocoa Credit and Alpha Credit, all ready to run 24/7. We expect to have a demo out soon.”

“Wow, that was quick. When did you prepare it?”

“Thanks to Chief Seok.”

He smiled broadly.

“I checked the progress several times a day by going back and forth between TF and the development headquarters. I thought I was going to die, but as expected, you left work early today.”

‘This guy Seok Hyun-gon is amazing.’

I traveled to London fifteen times for Alpha Credit and still managed to get this.

I felt like I underestimated it.

He is a talent that is too valuable to be wasted as a general manager. If you let talent rot away, the labor cost will be reduced. It is a terrible thing. It is not for nothing that they say that personnel management is everything.

“How will you select the board of directors?”

At that moment, Yang Seung-kwan asked.

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The final authority for appointing directors lies with the shareholders. Cocoa Bank is divided into ten companies with exactly 10% of the shares each. Simply put, if there are ten board members, each can appoint one person.

In reality, that’s not the case. All seniority rights are Cocoa’s. That’s how the contract was made.

It’s the same reason.

It would be difficult if we entrusted the board of directors to someone else to save on labor costs. We should take charge of it. We should protect ourselves as much as possible to save money.

“Mr. Yang Seung-kwan, is there anyone you have in mind?”

“That’s not it.”

“Then I will take care of everything.”

My mouth was watering. My lips were watering.

“First of all, the CEO, or in other banks, the president. How about Seok Hyeon-gon?”

I spoke one word at a time.

“He may be a little inexperienced, but I believe he can handle it with the skills he demonstrated as the head of the Financial Plus headquarters.”

“I agree.”

There was no resistance. Everyone knew the abilities that Seok Hyun-gon had shown while supporting the Cocoa Bank project.

“great.”

He went home and his salary went up. Now there are nine people left.

“Chief Han.”

I called over a manager who was scheming.

“yes?”

“I will give the strategic planning department a mission.”

He nodded.

“The project name is ‘Dream Team.’ From now on, I will ask you to take responsibility for bringing in five outside directors, which is more than half of the ten members of the Cocoa Bank board of directors. Each of them must be an expert in law, management, accounting, finance, and organizational culture. There is no need for a shortlist (final candidate list). If there are no issues in the report, we will pass you right away.”

‘We absolutely must bring in someone who can treat us at least ten times better than other companies.’ I kept that story to myself.

I couldn’t afford to miss out on anything that involved spending money.

It was the most important issue to me.

“Okay, sir.”

The director, who did not know the inside story, nodded as if it was natural.

* * *

Several months passed.

The comic service that was provided as a help portal and app has been prepared and reopened under the name ‘Cocoa Webtoon’.

‘Please make every effort to secure the writer.’

Gil Jun-gyu had not forgotten the request he made in London.

Thanks to this, many new works by many writers were launched together. Among them were new writers. The investment received for the purpose of securing IP was too much. It was too much money to form a pool of established writers.

So the business department was busy today too.

“Have you seen Cartoon Inside? Isn’t this author pretty good?”

Cartoon Inside was a free platform where writers and aspiring writers could freely serialize their works for the purpose of debuting.

“······This is the first post I uploaded yesterday?”

“I’m just talking about possibilities.”

“I don’t think it’s bad. But isn’t it a bit dangerous to judge based on just one side?”

That was when.

“Is the boss here?”

The head of the headquarters, Jeong Won-geun, suddenly stood up. He was Gil Jun-gyu’s running mate who had been working with him since the comic company days. He called him again when he took over as president.

“How many people?”

I asked right away.

“I think we’ve filled about 50 people now.”

“Write it down.”

“yes?”

There was no way it would be small. In the heyday of the old comic company, the number of people managed was less than 100. They hired 50 more new people. At this scale, it is comparable to Naver Webtoon.

“There aren’t many yet. We need to fill 100 positions by the end of the month.”

He has already made up his mind.

‘I must make your wish come true, sir.’

That wasn’t all.

The future of generative artificial intelligence (GANs) that he saw in London also impressed him deeply.

If an artificial intelligence can demonstrate that level of creativity by simply learning from free images available on the Internet, it’s hard to imagine how great its abilities will be once it’s provided with sufficient data.

My heart was pounding.

He saw the endless possibilities of webtoons that he had always hoped for. Kang Si-hyeon’s wish became his wish.

Gil Jun-gyu moved.

“Is this it? What you were talking about earlier?”

While Jeongwon Geun was dazed for a moment, he was already standing behind one of the employees’ monitors.

“yes?”

The employee who looked back was surprised to see Gil Jun-gyu’s face.

“I heard it’s a cartoon that was posted on Cartoon Inside yesterday. Can I take a look?”

“Oh, yeah, of course.”

Gil Jun-gyu was not only a management expert, but also a master of identifying masterpieces, having discovered numerous hit works from the time he first joined the company until he became the head of a now defunct comics company. The employees also knew of his legend.

“There is only one left.”

We went back to the first scene.

‘Not bad.’

The title caught my eye. .

He snatched the mouse. He scrolled down. The content was good, and the pictures were good. His intuition was telling him.

This is it. This works.

“Sign the contract right now.”

Opened his mouth.

“Ha, but.”

“No need to say anything else. Go ahead. Do you have my contact information?”

“······If you look for it, you’ll find it.”

“great.”

Gil Jun-gyu ordered twelve new contracts that day alone. It was like a runaway train. The employees were shocked.

“Sir, this is Director Han.”

A manager came in.

“This quarter’s business report has just been uploaded to Help Communications. Would you like to check it?”

“Let’s see.”

He took out the pad and placed it in front of him. The screen popped up.

“I have good news and bad news.”

also?

“Let’s start with the good news.”

I know that the good news he talks about is never good news.

“Since the launch of Cocoa Webtoon, portal PV (page views) has improved a lot. The indicators are not bad. Google’s growth is scary, but Help’s market share is closely following. It is a strong performance that makes the public analysis that Naver and Google will become a two-power system pale in comparison.”

As expected.

“What’s the bad news?”

“I think Mr. Gil has gone crazy.”

He shook his head and sighed.

“After coming back from London, we have been recruiting new writers like crazy. As you can see, we have signed 78 new writers in the past month alone. More than 50% of them are new writers. The advance payment alone is over 1 billion won. Since you gave us full authority, please speak on my behalf.”

Bad news is always the best.

“Okay, I’ll warn you.”

“Thank you, sir.”

What’s the warning?

I was thinking of telling him to just keep saying GO, leaving out the word ‘경’. Gil Jun-gyu was doing better than I thought.

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