Omniscient Investment Point - Chapter 236



Only Noblemtl

236. Buy Japan – 7

(1)

If you think about it, capitalism is a world of survival of the fittest.

The strong hunt the weak, and the weak bow down before the strong.

If we look more closely, nationality is not necessary.

The Japanese creditors kowtowed to the Korean capitalists and said that they would solve the money problem if only the timing was right.

However, I couldn’t see a decision at the first meeting, so I went through a series of compromises and negotiations and got up from my seat in the evening…

“I think the Prime Minister’s Office contacted you?”

Hyun Ki-hyuk asked me a question with an amused expression.

“Well, I don’t have much experience dealing with Japanese creditors.”

“What does Japan have to do with it? In any country, the things that can be solved with money are similar. However, the people who loosen the borders of the country are the higher-ups.”

“Do you think that’s the Prime Minister?”

“Japan in particular. To be exact, the Prime Minister and the Governor of the Bank of Japan?”

I nodded at Hyun Ki-hyuk’s calm voice.

In reality, Japan had a very powerful prime minister who set policy and a governor of the Bank of Japan who injected money into the market.

In particular, when a foreigner acquires a Japanese company, the decisions of two people are bound to be crucial.

“Anyway, it’s good for us.”

“Rather than just saying it’s good, you have to live properly. That’s why I’m trying to get as much as possible from it other than money.”

“What if it’s something else?”

“Japanese automaker?”

“hmm…….”

“why?”

“That’s a fish that’s already been caught. If you expected that, you wouldn’t have bothered selling it to us, right?”

Hyun Ki-hyuk shakes his head at my question.

“It’s an old saying that you don’t feed the fish you’ve already caught. Now is the time to keep feeding them and take care of the fish you haven’t caught.”

“yes?”

“Don’t you understand? If we acquire Magnetic, we have to secure orders from Toyota, Nissan, and Honda for several years. After we secure that, we have to negotiate with global electric car companies.”

“ah…….”

Experience was really important.

Not knowing that the future that was originally meant to be developed is also created through the security of the present.

It seemed like it was because he had experienced less than Hyun Ki-hyuk.

“Also, we need to do a more thorough inspection. As I saw yesterday, the inventory is exceeding our expectations. Price wasn’t the problem in the first place.”

“That’s right… … .”

“This is it, oh… … . You’re really amazing. In some ways, you’re surprisingly good, but of course, you’re a bit sloppy in the things you should know.”

“That’s right. Well, I guess it’s proof that we still have a long way to go.”

“It’s amazing that you can admit it so quickly.”

“Is that so? Hahaha.”

Hyun Ki-hyuk also accepts my laughter with a snicker.

“The bottom line is that we are in no rush. Now we just need to sit back and wait for the Japanese creditors to contact us. That’s it.”

I nodded and smiled faintly.

(2)

I couldn’t help but feel relaxed after returning home.

It was not possible to get immediate contact because Japan’s decision-making system was not that fast.

We expected this too, so we deliberately kept our nerves at bay when we came to Korea.

After all, we were the ones who proposed the acquisition price and terms, and the only thing left was for the creditors to accept it.

And in the meantime, the president’s inauguration ceremony took place, and in his inauguration speech, Seon Dong-il said something that caught my ear.

– The word I hate the most is Korea Discount. It may have been different in the past, but why do we have to give our Korean industry a discount? In the future, in order to escape the Korea Discount, the government will not hesitate to use any means necessary.

It didn’t matter what the means and methods were.

At the president’s word, the market reacted immediately.

“I wonder if we’ll break 3,000 again if we continue like this.”

The KOSPI index, which had been fluctuating around 2,500, has finally approached 2,600.

Naturally, people raised their voices in anticipation.

Me too.

“Honestly, don’t you get tired of the term ‘Korea Discount’? Sometimes I find it too much. To the point where I don’t understand why we have to invest based on that standard.”

Just as the stock market fluctuates based on a single word from the President, my company’s investments change based on a single word from me.

From this point on, he became more aggressive, and maybe that was why.

“Sir, I don’t know how far I should wait.”

When the index broke 2,700 in a few days, Tak Jun-seok came to see me and shook his head.

“What do you mean?”

“By my standards, it’s already overheated in the short term.”

“It’s just the center director’s standard, right? With the Korea discount applied… … .”

“what…….”

Sometimes, experience works against you when it comes to investing.

This was especially true when the index soared beyond the expectations of institutional investors.

Tak Jun-seok was one of them, and it seemed like he wanted to hear something from me.

It was permission.

“I only trust the director. Don’t worry and invest however you want.”

Then, Tak Jun-seok nodded and his eyes sparkled.

“Then, I’ll really go. I don’t know how far I’ll go, but I’ll really go all the way.”

“Yes, let’s give it a shot.”

Tak Jun-seok must have had a hard time enduring it too.

Stocks were a psychological thing, and the positive sentiment of market participants gathered all at once in response to the upward trend opened by the president.

Among them, some of our JTS Partners traders must have continued to speak out loud.

As a value investor, Tak Jun-seok would have found it difficult to restrain them any longer.

So, originally he would have cut some of it off, but this time he didn’t cut it off at all.

“There are many opinions that this blind fund should also increase its stock ratio.”

“Well, let’s take a look at that.”

“Magnetic?”

“Yes, that’s right. I just don’t know how much to put in.”

The acquisition amount was likely to be around 400 billion yen.

Half of that goes to our JTS Partners.

So, I had to take responsibility for 200 billion yen, but it didn’t seem like there would be a big problem.

There were currently about $1.5 billion in U.S. accounts.

Excluding the share of my mother-in-law and Kim Kyung-soo’s mother who invested in Blind Fund No. 1, $750 million is our company’s assets.

The yen has been falling steadily these days, so if you convert that amount into Japanese currency, it would be 120 billion yen.

In conclusion, only 80 billion yen needed to be prepared, which was also to be filled with a newly-subscribed blind fund.

‘The problem is that we need to invest more after the acquisition.’

The acquisition wasn’t the end of the loss-making company.

Even if we go into restructuring and fiscal austerity, it will take at least half a year for the effects to show.

That is, we need more money to pour in after the acquisition, but we couldn’t say for sure how much it would be.

“Still, we are raising a huge sum of 3 trillion won through this blind fund… … .”

“Yes, yes. But I’m not saying it can’t be done. I’m just saying that it doesn’t seem like we can decide on a specific date right now. As soon as the acquisition price and investment amount are decided, I’ll tell you then.”

Tak Jun-seok nods and smacks his lips.

Judging from his expression, it was clear that he was quite optimistic about the stock market this year.

I also thought that the graph would trend upward over time, given the new government’s will to support stock prices.

‘No matter what, you can’t handle someone else’s money so carelessly.’

This blind fund will be conducted through public offering, not private placement.

Of course, they came in believing in my name and JTS Partners, but they could not unconditionally increase their exposure to the stock market.

Even if the return graph has a high probability of going upward, it will not be more than the return you get by investing directly in the company.

Don’t we have evidence of that?

Blind Fund No. 1 almost completely depended on Dr. Carty and achieved a return of 5,000%.

‘This blind fund is, of course, magnetic.’

And should we say that this is a good sign?

As soon as I got off work that day, the old lady from Cheongdam-dong called me and reconfirmed my big investment once again… … .

(3)

“I saw your ad, and I heard your company is finally raising a blind fund.”

“That’s right. Starting next week.”

“But is it a public offering fund?”

“Yes, it’s a 3 trillion won project, and we plan to collect it from all citizens.”

“Then, is there a separate limit on the amount?”

“No, there is no such thing.”

Since you asked about the amount limit, do you plan to put in all 700 billion won, which is the dividend income of this blind fund?

As expected, it was like that.

“Then, like I said last time, instead of giving me the money you have in the US, reinvest it in the blind fund.”

“Yes, haha… … .”

We’ve had similar conversations before, but as always, my mother-in-law is very generous.

‘The amount raised was reduced to 2.3 trillion won in one fell swoop.’

So, as soon as I got to work the next day, I told Tak Jun-seok about this.

“and…….”

“If you say it’s 2.3 trillion instead of 3 trillion, the burden will be reduced significantly, right?”

“Of course. The CEO’s mother-in-law is truly a generous person.”

But that wasn’t the end.

After a while, Tak Jun-seok knocked on the CEO’s office door again…

“Sir, I just got a call from Yangsam Foods.”

“Huh? No, why all of a sudden there?”

“You have a retirement pension, right? They said they would leave it all to us. But they said they would rather put it in a blind fund… … .”

“omg…….”

There are DB and DC retirement pensions.

The former is a defined benefit plan that is managed by the management company.

In this regard, I thought that Yangsam Foods was taking a bit of a risk by sticking to the principle of preserving interest.

“No, is that okay? If the employees find out later, it’ll be a big problem.”

“Just in case, they conducted a survey of their employees. And a whopping 80% of them said they preferred our company’s blind fund. They said they were willing to take risks.”

“ah…….”

Because it happened so suddenly, I was speechless.

This too was fleeting.

“Well, I think that companies are responding to the new government’s will.”

“Yes. Yangsam Foods has over 2,000 employees. In addition, the global growth of the chicken industry has been over 20% every year, so the average annual salary and bonus have also increased significantly.”

Tak Jun-seok explained in detail, meaning that he had no idea how much operating capital there would actually be.

The next day, the exact scale was revealed.

“Two or three billion?”

“Yeah. He said he would entrust me with that amount of money.”

“and…….”

I was surprised once again by the amount, and it was a moment when I became greedy for the domestic company DB type that I would pioneer in the future.

But before that… … .

“By the way, our employees are also in chaos.”

“yes?”

“They said they would invest in this blind fund too. So I just calculated it, and it’s over 10 billion.”

“haha…….”

This is it, before the blind subscription fund was even launched, I thought half of the 3 trillion would be filled.

‘Well, there’s nothing I can’t do.’

Furthermore, I once again pledge to repay your trust by making the returns of this fund a huge success.

However, the key lies in Buy Japan, and the long-awaited news has finally arrived.

– Mr. Jang, Japan surrendered. They said they would hand over the magnetics for 400 billion yen.