Omniscient Investment Point - Chapter 212



Only Noblemtl

212. Man is Ambition – 4

(1)

The best professional manager in the country.

It is a nickname for Nam Seung-ryong.

He was previously nicknamed “Gentleman”, which was due to his attitude towards people.

Courtesy and respect, especially, such attitudes were also reflected in management.

I have always achieved success by using the right method without using tricks.

The word luck did not suit him.

Nam Seung-ryong was a former CEO of heavy industries such as shipping and shipbuilding, as well as pharmaceutical and gaming companies.

So he encountered a big obstacle called Choi Young-jae.

‘Phew, just thinking about that time makes me dizzy… … .’

Nam Seung-ryong, who had only walked the straight and narrow path, was hit by the wind and rain spewed by the mutants of this world.

To be honest, I thought it was inevitable that I would step down from the position of president of the powerful Rehousing.

Because of the separation of ownership and management, how could Nam Seung-ryong stop the owner of the company with the largest stake from selling the company?

And it was understandable that the company they bought would be looking for new management.

The problem came next.

The current deficit is due to corruption by the former management.

I couldn’t help but feel embarrassed after hearing what Choi Youngjae said.

‘This is a bit too much.’

To be honest, I thought about understanding it since it was a situation where there was a fight over succession.

Since I have committed no crime, I will only be the subject of gossip for a short while.

I was so naive.

However, the mutant Choi Young-jae even published an article alleging corruption.

What, this kind of person… … .

I thought I had dealt with a lot of people, but this is the first time I’ve seen something like this.

This was the beginning.

『Former management of Powerhouse Housing frequently visits golf courses with company money』

『Former Chairman of Powerhouse Housing, Suspicion of Raw Material Hoarding』

The articles kept coming out.

The image of Nam Seung-ryong, who had always been a moderate, was in danger of collapsing in an instant.

It was natural to call the press and ask them to take down the article.

But it was not accepted.

– I’m sorry, but I could write a rebuttal, but would you be willing to do an interview?

Nam Seung-ryong firmly refused.

This is because I thought it could easily be seen as a mud fight between the current and former management.

If that happens, the public’s attention could shift further.

‘It will quiet down as time passes.’

Of course, it became quiet.

But behind the scenes, Choi Young-jae started doing something absurd again.

The moment when I was finally selected after being interviewed by the CEO of another company.

– Oh, I’m sorry. There was some opposition from the board of directors.

Something happened that suddenly changed my mind.

This was also the beginning.

He went to several interviews, and at first, people who were welcoming him welcomed him, but later apologized and refused to accept him.

By this point, it was clear who was doing what.

Actually, I found out through an acquaintance.

– Chairman Nam, phew… …. Someone spread a rumor on this floor.

– Rumor? What… …?

– Chairman Nam pretends to be honest in front of people, but he takes advantage of everything behind their backs.

– Do people believe that?

– Of course I don’t believe it. But I guess I couldn’t help but believe in the power of the person who delivered the message.

– her…….

It was absurd.

How far should I go with this?

No, do I have to just endure this?

For the first time, I regretted only walking the right path.

I had to step forward and think about getting my hands dirty from the beginning.

‘It’s too late to turn back… … .’

That’s right.

After further investigation, rumors spread that the reason Nam Seung-ryong was keeping quiet was because he had admitted to corruption.

It didn’t spread widely, but it spread quietly enough for those in the know to know.

Nam Seung-ryong was frustrated.

All sorts of thoughts came to mind.

I’m just over sixty, but should I start preparing for retirement?

Want to go to another country?

Opening a chain store isn’t a bad idea.

Nam Seung-ryong, originally a person with a gentle personality.

So I tried to calm my mind by reading a book.

I guess it was really unfair. It didn’t work out well.

I couldn’t even sleep well.

Because you seem like a bad guy.

For the first time in my life, I felt a sense of hatred towards someone.

At that time, there was someone who reached out to him.

He was a young venture capitalist who was making waves by investing in several companies, including Jang Su-myeong and Dr. Carty.

In particular, the reason why Nam Seung-ryong remembered Jang Su-myeong more was through the takeover battle of the wellness burger company by Chairman Han Jae-yong, who was like a famous person in this industry.

According to Chairman Han Jae-yong, he is the best investor with both passion and experience at a young age of 30.

When I actually met him, I got that strong impression.

However, it was questionable whether Choi Young-jae’s interference could be overcome.

This is because there is no area in Korea that is not within the reach of conglomerates.

In conclusion, these concerns were unfounded.

Choi Young-jae, who didn’t even care about Jang Su-myeong, left the sole fashion to Nam Seung-ryong without hesitation.

This wasn’t the end.

Should we say that he removed all obstacles so that Nam Seung-ryong could restore his honor and so that the company could grow?

In the end, even Choi Young-jae was neatly organized.

He helped Choi Young-min take the position of Royal’s chairman and brought Choi Young-jae to court.

“her…….”

From this time on, Choi Young-jae’s corruption was revealed one after another, and in the process, Nam Seung-ryong’s injustice was also revealed.

Honestly, I was so grateful that it gave me goosebumps.

Enough to consider him a benefactor for life.

I thought I owed a lot of money, but I wondered if I would ever be able to repay it.

It’s not because Nam Seung-ryong’s abilities are lacking, but because Jang Su-myeong has already grown into a giant.

‘How and what can I do to repay your kindness?’

The honor that fell to the floor is like life.

According to the law of equivalence, I thought it should be done to that extent, but it didn’t look good.

In the end, I thought I had to do my best at whatever I was given.

Fortunately, Sol Fashion was successful beyond expectations.

In a short period of time, the public and the media recognized it as a Korean luxury brand.

‘No. This isn’t enough.’

The fact that he established himself in Korea in a short period of time was just as expected for a man named Nam Seung-ryong.

To get beyond that, we had to compete with world-class luxury brands on the global stage.

‘That would require more money.’

The luxury industry is the king of operating profit margins.

Of course, I was earning a lot of money now, but it wasn’t enough to go abroad.

However, receiving more investment again is not a good alternative.

It was a burden on JTS and Angel, and looking elsewhere would dilute their stakes.

It seemed like it would be better to secure funds in the stock market.

Because it can provide exit opportunities in both places, either all or some.

So, first I contacted the largest shareholder, Park Sol-nyeo.

– I will do whatever the Chairman says. However, I hope you will discuss it with Representative Jang and then proceed.

As expected, there was considerable confidence in longevity.

Since I was planning to discuss it with Jang Su-myeong anyway, I said I understood and then contacted Jang Su-myeong.

and…….

(2)

“I plan to go public.”

“Can I ask why?”

In my mind, it had to be ‘Go’.

I saw ‘±100’ in my right eye, how could I disagree?

However, listing means that funds are needed.

And I couldn’t help but wonder what he wanted to do with the money.

That’s why I asked.

“Currently, Soul Fashion needs investment to expand globally.”

“yes…….”

“In order to advance into Japan, which I mentioned last time, we need to spend additional budget on judgement and administrative expenses. It’s not that the company doesn’t have money, but it seems like we need more funds to be more aggressive.”

“okay.”

There are three ways to secure money in the money market.

First, there is the investment of private equity funds. Then there is the bond market, and finally, there is the stock market.

In the case of sole fashion, the first method has already been utilized.

Although it is a place that has already merged, JTS and Angel each received investment and were given a 15% stake.

‘You could get another private equity firm, but they’re being considerate of us.’

Since the company had only been around for a short time, bonds were almost impossible, and the only options were to either get reinvestment or knock on the door of the stock market.

I nodded and smiled, fully understanding why he chose the latter over the former.

“Then I guess I’ll have to take out half of it this time. Hahaha.”

This means that only 15% of the combined 30% stake of JTS and Angel will be exited.

“Thank you for your understanding.”

“Understand? Of course. And I’m curious too. How much will Sol Fashion be valued on the stock market?”

I was sincere.

The place that started two years ago began operations somewhat late last year.

But as soon as it started operating, its profits turned to black.

“I am confident of more than 1 trillion.”

“yes…….”

For reference, Sol Fashion’s sales for the last quarter were 84 billion won and operating profit was 16 billion won.

Although it was a very good performance with an operating profit margin approaching 20%, it seemed difficult to dispel the suspicion that it was a temporary effect.

‘Is it possible to reach 1 trillion?’

So I was speaking vaguely, and some surprising data came out of Nam Seung-ryong’s mouth.

“This quarter hasn’t even ended yet, but combined sales for January and February have surpassed 80 billion won. Operating profit was 35.2 billion won.”

“uh?”

“The operating profit margin is approximately 44%, which is comparable to that of luxury brands, which are considered the best in the industry.”

“That’s right… … .”

I thought you were brimming with confidence all along, but it turns out there was a reason for that.

Considering the growth rate and operating profit margin, this definitely surpasses unicorns.

No, it was more than that.

Of the unlisted unicorns worth $1 trillion, nearly 90% don’t make much money.

They are evaluated that way only based on their growth potential, but they have already made a lot of money and have confirmed that their future is bright.

“This, the word ‘1 trillion’ was an understatement… … .”

“No. Well, compared to unicorns, they earn a lot, but they still have a long way to go.”

Is there a long way to go?

This expression was also meaningful.

If I listen to what I want to hear, does that mean I’ll be ranked number one in luxury goods in the world?

So I said.

“There is no need to compare luxury brands to unicorns. What about ACML?”

“haha…….”

ACML, a luxury company that has been going back and forth between 1st and 2nd place in market cap in Europe.

Annual sales of 120 trillion won, operating profit of 30 trillion won.

Because it is a luxury goods market that is not affected by recessions, its value is also highly evaluated.

Market capitalization: 600 trillion won.

If we set foot on the global market with that as our goal, we could dream of not just 1 trillion won, but over 10 trillion won.

“It won’t work. After hearing the chairman’s ambitions, I can’t even half-ass the exit this time.”

It is none other than the best CEO in the country who dreams of becoming number one in luxury goods.

So, is it really necessary to do so many exits?