Money Likes Me Too - Chapter 88



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Episode 88.

There’s a long way to go.

Unfortunately, the balance of the A2 acquisition was paid in full.

Even so, it’s only 1.52 trillion.

If I had known this would happen, I would have tripled or quadrupled the bid from the beginning. There is no law that says you can’t put 3 or 4 trillion in the bid amount.

But I couldn’t see what was coming. The train passed by.

The price of complacency is high.

“Isn’t there anything like A3 or A4?”

He muttered in a low voice.

“Do you need paper to print on? Should I bring it to you?”

After hearing what I said, General Han stopped coming in and asked awkwardly from between the doors. I shook my head.

“no.”

“······.”

“Don’t be like that. Come in quickly.”

You must have heard the news.

Not to mention Im Kyung-jun, Lee Jong-suk is a man of few words, but there is no reason for him to keep it a secret from Han Jang-soo.

Maybe that’s why the smile never completely disappeared from his face.

This must have been an expression that meant, “How much money have I spent so far, and the money is still growing?” I felt embarrassed because my boss’s ability was limited to that. My face turned red.

I have to admit it. I still have a lot to learn.

“Mr. Chairman.”

He called me quietly.

“Go ahead.”

“I came to report on the results of the working-level consultations on the ‘10 trillion won investment in the U.S.’ declared by the Chairman at the Korea-U.S. Economic Cooperation Roundtable.”

Look at that. This is the story right here.

‘I thought that would be the end of it then.’

It’s only 10 trillion. It’s one-tenth of 100 trillion. I was ashamed of myself for being so happy and elated that I spent it all.

“First, we plan to start by making the promise to spend more than 2 trillion won on media content businesses, such as by introducing the Japanese corporation Pacoma to the North American market and globally launching popular Cocoa webtoons. Of course, we have discussed collaborating with Netflix to dramatize some works. Since there was a positive response at the roundtable, we will be able to cut the ribbon within this year.”

Okay. That’s 2 trillion.

“And the Texas Gigafactory in the US.”

Here, his expression changed completely. It seemed as if he still didn’t understand.

“I don’t know why we should invest in this, but for now, we are cooperating with Tesla as instructed by the Chairman.”

“What about domestic construction companies?”

“Yes, we are in contact with Daehyun and ZK. But do you think they would welcome the participation of domestic construction companies?”

“Of course. There won’t be any problem.”

Elon Musk promised to build a domestic gigafactory, and I decided to go one step further and actively participate in the Texas project, the second gigafactory in the US. I plan to form a consortium with a domestic construction company.

It’s all Trump’s fault.

‘I’ve almost got it, but since he’s a president who started out as a businessman, he’s quick to calculate the pros and cons. Is there anything you can give me?’

Those were Elon’s words.

These were the words I had been waiting for. I have a lot to give you.

So I went to the banquet and told it all.

Thanks to this, the atmosphere at the round table was good, even harmonious. Every time I said something, a low gasp escaped.

‘It was good back then.’

I thought it was just a fucking day.

But it wasn’t like that,

Anyway, let’s come to our senses. We need to forget about the past.

“And······. This doesn’t seem real.”

Han Jang-soo continued speaking.

“What are you talking about?”

“GameStop. It’s a failing company. To acquire something like this, even if you’re betting everything on SpaceX, isn’t this a bit much? Can’t you think about it again?”

Now that I hear it, I remember. This was also something that came up at the round table.

GameStop.

It is the largest game package sales company in the United States.

The term “maximum” is also an old story. It is an industry that has been hit the hardest as offline markets have begun to move online. It is urgent enough to send a distress signal to us, foreign capital.

They say there’s even short selling on Wall Street.

It’s like you want to take a shit, but someone is holding your pants down. Isn’t this the perfect position to fail? It’s exactly the same path as Blockbuster, which lost its battle with Netflix. The prize has already been set.

I just have to follow the path that is set for me.

I was like, what the hell is this?

“I calculated it and the market cap is just under $1 billion. I think we could acquire it for around $600 million.”

I nodded.

Gigafactory and GameStop would easily cost 10 trillion won. The remaining money was to be spent as it was.

Brrrrrr, brrrr,

That’s when the phone rang.

[Elon Musk].

“wait a minute.”

Jangsu Han looked at me with a strange expression as I answered the phone.

“Elon.”

Just getting a call from Elon Musk costs tens or hundreds of billions. He started to look seriously anxious at the sound of my voice.

It’s none of my business.

I focused on Elon’s words.

– Mr. Kang. I’m sad that you left without seeing me.

“I knew you’d come to Washington.”

– I don’t go to places like that. It’s boring. Especially for government employees, the IRS (Internal Revenue Service) is just so disgusting. Oh, just thinking about it is horrible.

But the horse smiled innocently.

“Is there anything you would like to say?”

– I listened to this presentation carefully. You were very passionate. Didn’t you spend almost as much as SpaceX’s investment?

“I guess so.”

I wanted to write more.

– I just checked, and public opinion is quite positive about cocoa. So is the president. If we do well, I think we’ll get good results.

“then.”

– I heard you will become a major shareholder of SpaceX. Even if it is not right now, I ask for your support in the future.

‘Good!’

I cheered inside.

This is another 10 trillion spent, though not right away.

“Let’s wait and see.”

Now it’s 20 trillion.

“What did Elon say?”

“It’s nothing.”

I answered in a calm tone. After all, General Han already knew this.

There is still hope, although there is still a long way to go to reach the goal of 100 trillion.

* * *

Future Asset Vice President Do Yu-jun sighed.

[Okay Bank, loan size of 600 billion won. ‘It will be difficult to continue like this.’······ Paid capital increase decision.]

“No, does this make sense?”

A whopping 1.6 trillion won came in after Cocoa succeeded in the A2 bid. The balance was paid in a lump sum.

It was unexpected.

The plan was to damage Cocoa Bank’s corporate image through media play if the balance payment was delayed. Ultimately, it was a failure.

In the end, we can only take comfort in the fact that we have successfully completed the 800 billion won paid-in capital increase as per Plan B.

I also heard praise from my father (the chairman).

‘What’s going on? It’s not like you to be able to do something like this.’

It’s been a while. Although there were some unpleasant sounds mixed in.

“Maybe this is an opportunity.”

“What chance?”

“An opportunity to get ahead of the Cocoa Bank.”

KS Strategy Office Director Joo Sung-han nagged at him from the side.

His words were as follows:

The size of Cocoa Bank’s deposits and loans is three to four times that of OK Bank. It is slightly over 2 trillion. However, its capital is still in the hundreds of billions.

But lately, Cocoa’s behavior has been unusual.

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He followed the president to the United States and made a promise of investment worth over 10 trillion won. Considering that most of Cocoa’s subsidiaries are cash businesses, this is an excessive expenditure. It is either a lie, or even if it actually happens, there is a high possibility that there will be temporary cash flow problems.

It was this type of analysis.

“Is that really so?”

“You can trust it since it’s from an expert.”

Actually, he knew the general idea.

“I guess you have the capacity to worry about other people’s companies.”

Do Yoo-jun’s sarcasm reached Joo Sung-han’s ears. However, regardless of what he said, he nodded internally.

It is as Joo Sung-han said.

Cocoa is showing surprisingly wild and excessive behavior.

It seemed clear that he would have no room left to invest in the Cocoa Bank.

And what else lately? Tesla? SpaceX?

It was crazy. I suddenly thought that if I did well, I might be able to receive praise from the chairman in a row.

That was when.

The phone rang. It was the chairman’s office.

Do Yu-jun raised one finger. It was a signal to shut up.

“Yes, Chairman······.”

– Are you sane or not?

Before he could finish his sentence, a shout came through the receiver.

“What is the matter······.”

– What, what’s going on? What’s going on??

“I’m sorry, I’m sorry. I’ll look into it and take action.”

I started making excuses without even knowing what they were.

– What measures should I take? Just make sure to cover up well.

The call was disconnected.

“What is it?”

Do Yu-jun had no answer to Joo Sung-han’s question. He eventually found out the reason.

[Cocoa Bank, decided to increase capital by up to 2 trillion won. ······ ‘No intention to change current expected interest rate.’ Corporate value of 10 trillion won imminent. (Comprehensive)]

“What? 2 trillion?”

It was a number that seemed like a lie.

“Hey, where did these kids get their money?”

I was dumbfounded.

“If I knew that, would I still be here?”

“You crazy bastards. Do these guys think they’re not catfish but some kind of killer whale?”

Catfish refers to the positive effect of new entrants that bring about change in an existing industry.

The reality was different.

Among bankers, voices of discontent were louder.

‘Since the advent of Cobank, it has become extremely difficult for commercial banks to raise their negative lending rates. Would you buy a house when they lower interest rates at every opportunity?’

‘What about overseas remittance fees? It’s hard to keep up with Cobang’s remittance products, which account for only one-fifth of the smartphone app market share.’

This is a strategy that is difficult for OK Bank to accept.

Even though it was a puppet, Baro Bank was the major shareholder. Future Asset could not possibly ignore the practices of the existing financial sector. It could not be ostracized.

“Isn’t there a good number?”

“Why are you asking me that?”

The two of them glared at each other, gritting their teeth.

“How about coins?”

A coin that has already lost all its fresh water?

Despite the admonishing gazes telling him not to talk nonsense, Joo Sung-han stubbornly said what he wanted to say.

“I heard that Bitcoin Platinum is a Bitcoin-related altcoin that is undergoing a hard fork and is hot these days. Everyone else has already been getting a good deal on the coin market, so shouldn’t we get some too? Don’t you have any slush funds?”

* * *

The aftereffects of the cryptocurrency crash were quite long-lasting.

Bitcoin, which once exceeded $20,000, has fallen to around $3,000. Ethereum, which was over $1,000, has also fallen to $300.

Other coins were similar.

The trading volume continued to rise and fall as it soared through the sky. The ants’ resentment also soared through the sky. The government has already begun talking about regulations.

Onbit sales skyrocketed.

Thanks to this, CEO Yoo Chang-myeong was so busy that even 48 hours a day seemed insufficient. He rowed while he was still in the water.

[ Strengthening cooperation with Cocoa Finance, Onbit, the ‘No. 1’ coin exchange in Korea. ······ ‘The most important thing for people who handle money is trust.’ ]

They advertised their already sophisticated and ironclad security system that has not caused any accidents for years. They emphasized the convenience of users who can cash out their profits faster and more accurately than others through accounts linked to Cocoa Bank.

The Coin+Plus app also played a part.

Eventually, it surpassed the top 50 exchanges worldwide.

Sales, which had been at the level of tens of millions or hundreds of millions of won until the previous year, have jumped.

We still need to wait and see, but sales for the fourth quarter will definitely exceed 10 billion.

‘This is all thanks to Chairman Kang.’

It was something I couldn’t even dream of when I first came to Cocoa.

A small exchange that was too embarrassing to even call a startup has grown into a notable exchange in the global cryptocurrency market.

“Come in.”

I went up to the chairman’s office.

“What’s going on, Mr. Yoo?”

As expected, he remembered me. This isn’t an ordinary memory.

“The point is, our company’s sales have increased significantly thanks to this coin craze. I already reported it to you, but I feel like I should express my gratitude in person, so I’m posting this here.”

There was moisture in his voice.

‘shit.’

I couldn’t say anything unpleasant in front of someone who was crying.

Cocoa Finance has always been like that.

It started with the parent company, Cocoa Bank. By raising deposit interest rates, they realized ‘economies of scale’ by opening millions of accounts. As a result, they were able to increase capital, which gave them a breath of relief, but they are always worried.

Onbit is the same.

‘The coin is the problem.’

He had earned 100 trillion won. But it was heartbreaking to see him bring in more money.

“You worked hard······.”

My voice started to tremble as I tried to say things I didn’t mean.

“It’s all thanks to Chairman Kang Si-Hyeon.”

“No way.”

But Yoo Chang-myeong was stubborn. He was a stubborn person.

“If you hadn’t decided to invest in Onbit, which was struggling financially, we probably wouldn’t be here at this moment. It’s all thanks to you, Chairman. Even though I’m still working in a small office, I still get strength when I think about that time.”

Small office?

Suddenly, Yoo Chang-myeong’s words stuck in my mind.

“Is your office small?”

“Oh, that’s not what I meant. It’s just that the number of people has increased······.”

Yoo Chang-myeong covered his mouth as if he had said something unnecessary. But he couldn’t take back the words. He had already heard them.

“That’s fortunate.”

“Huh? What?”

I continued.

“There is an empty office space in the newly purchased A2. I hope you can take this opportunity to move to a larger office.”

Rather than that, how about building a new building while you’re at it? I said that with shining eyes.

“Mr. Chairman!”

Suddenly the door opened wide and Han Jang-soo rushed in.

“No, what if you promise to build a building for everyone who comes? I was patient in America, but if you keep making promises like that, I can’t stay still.”

It won’t work.

A3, we should build an A4 or something.

“So what’s going on?”

The subject changed. Yoo Chang-myeong bowed and left. Han Jang-soo sat down.

“It’s just that I think Google has taken on a new project this time. But Professor Jeffrey Compton says he can’t stay at Google any longer and is going independent, so….”

“What is that?”

“It’s a self-driving project.”

Autonomous driving?

I heard there was something like Google Chauffer.

Then Han Jang-su added.

“So, I would like you to arrange an interview with Elon Musk, and I would like you to be the chairman. Oh, just in case, I don’t need any investment. The money you gave me back then is still sufficient.”

Damn, that’s good. I guess that guy can read my mind.

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