The Chaebol Who Flies From Space - Chapter 38



Only Noblemtl

38. Family Fund Investment (2)

The adults decided to discuss among themselves and decide on an amount to invest, and the cousins ​​got together and decided on a separate investment amount.

My second cousin, Jun-ki, received his doctorate from Harvard and is a professor at the University of Connecticut. My second cousin, Yong-gi, is in his final semester of law school at Yale, and my youngest, Sang-gi, who is the same age as me, is completing his master’s degree at Berkeley and has decided to join Intel.

The youngest, Hye-ri, remained in Korea because her uncle insisted that he could not send his only daughter abroad.

“Congratulations, Junki-hyung, you’re going to be a father soon.”

My sister-in-law, who still has difficulty flying, remained in the United States.

“Thank you. I received the gift you sent me. I really liked it.”

“Did Yongwon send you a gift? I didn’t get anything? Why didn’t he give me one?”

Even if they are real siblings, it is difficult to see each other’s faces except for the occasional phone call.

Yonggi, who looked older than his age because of his studies, grumbled that his older brother did not give him presents like he did.

“I’ll send you later when you get married and have kids.”

“What is it? What is that?”

“Car, Cadillac Escalade.”

“Wow! That’s your favorite car.”

Escalade is a flagship SUV model made by GM. I sent it to Junki hyung because he said he liked it.

A large SUV can be convenient for raising children.

“Escalade? That’s a gas-guzzling beast. It costs over $70,000. For that price, you’d be better off with a German or Japanese car.”

“You don’t know anything about cars, but Escalades are big and heavy. They’re fundamentally different from German or Japanese cars.”

“I don’t know anything about cars! My brother is a GM fanboy, that’s why. He compares the Escalade to German cars, saying that the driving stability is much better.”

Two tea lovers were fighting and spitting.

Yeongwon, Hye-ri, and Jeongyeon, who were pushed aside by their age gap, just kept their mouths shut and watched the two fight.

“Sang-gi, you’ve had a hard time.”

Although I only see him occasionally, Sangki, the youngest of the two brothers, has always been neutral and has never taken sides with his two older brothers since he was little.

The two brothers never had the same opinions since they were young.

“Yeah, I guess that’s how it is now. We don’t see each other often. My father gave up a long time ago, so even if I step forward, it won’t work. But is this really a good idea? Wouldn’t it be more profitable to invest in American IT?”

The above comment was about how it would be good for an engineering major to invest in cutting-edge industries.

“That’s not bad, but if you tell adults to invest in cutting-edge industries like IT, they won’t understand.”

Since the bubble burst, IT companies have been treated like swindlers by older people. If you tell them to invest in a company that is not making profits for the long term, you will be yelled at to get out of the way.

“I also got scolded when I recommended IT investment to my father.”

“Which company? Are there any companies around you worth investing in?”

“The company I was trying to create.”

“ah!”

I understood what he meant right away. He said he was going to start a venture company after graduating from school, but the company told him to get some experience first.

“But why would you make such an investment? Even lending money to me? I don’t understand it at all.”

“I made a lot of money by investing in the American market.”

“How much is that? Is the US market that big? With something like that······. Hey! You must have really made a lot of money.”

Forbes has a story on me the next day.

He is a successful young investor with a net worth of around $3 billion – most of which he invested in Amazon and Apple – and a successful businessman with a 51% stake in Toad F&B. He also appears as a perfumer who makes and sells perfumes through his latest investment, Emma Brown.

When an article comes out in Forbes, Korea turns upside down. A young man under the age of 30 is a tycoon in Korea and a successful investor in the US.

He did not inherit a huge fortune from his parents and is close to being self-made. Jealousy and envy are natural options.

“How much did you make from your investment? A billion dollars?”

“Will that be enough? Try raising it.”

“······.That guy is crazy. Then 2 billion.”

“up”

“3 billion? This is ridiculous······.”

“That’s roughly the line.”

My cousins, who had been pretending not to hear us while listening to our conversation, were dumbfounded and just stared at each other blankly.

“Why are you doing that? How much of a toad share do I have?”

As soon as I finished speaking, Jeongyeon stepped forward.

“That’s right. The stock price rose a lot in the over-the-counter market recently, and the market cap exceeded 40 trillion. You own more than half of it.”

“Oh my, how much is that? I can’t even imagine.”

Even though we were cousins, it was money I couldn’t even think of giving.

“If you convert my wealth into dollars, it’s worth $16.8 billion at the current exchange rate. There’s an article in Forbes about young Korean tycoons, but I don’t know the exact details.”

It was originally planned to be an article that would only be published in the Korean edition, but due to the success of the US investment, it expanded to cover the entire world. It was also a good time to postpone it because it was the time when Emma Brown’s new perfume was being sold. It was also a good time for me to show myself to the world.

Don’t you say that your stomach hurts when your in-laws buy land?

Relatives are no exception to jealousy and envy caused by human greed. When one of your relatives earns a lot of money, you will wonder why you are not helping them.

The best way to show that I was doing my best was to create a family fund where we could all become rich together.

“When I start a company later, please invest in me.”

“If you are confident, start a company with your own money. Don’t ask for investment. If you start a company with a profitable item and receive equity investment, you will lose money.”

My words annoyed Sangki.

“Where is the money I can invest! I just finished my studies and am about to get a job. I don’t have any money even if I try to eat and die.”

“What are you investing in now?”

“Will this really make money?”

The above was an investment that he made by borrowing most of the money from me since he didn’t have any yet.

“Invest and hold on for five years. If you lose money, I’ll buy back your shares at the purchase price.”

This is an investment that Ariel boasted about. If you see a profit, you will see it, and there is no way you will see a loss.

My cousins ​​also increased their investment amount due to my loud voice.

“I’m full-on. I’ve already told my wife everything.”

“me too.”

I think they agreed to borrow $20 million each from each house. My aunt borrowed a total of $20 million from me, and the little house borrowed the same amount, and my father and mother borrowed $20 million from me.

And then Jeongyeon stabbed me in the side and borrowed 10 million dollars.

So the total amount of money I lent was 70 million dollars.

Because of tax issues, when selling stocks, we received 3% annual interest in one lump sum, had each person sign a loan agreement, and immediately transferred the investment money to an overseas account.

The road to Guizhou Province was long. Of course, there were no direct flights from Incheon, so I had to go to Shanghai and then transfer to a flight to Guiyang City.

The flight time to Shanghai is 2 hours and 10 minutes, and the flight time from Shanghai to Guiyang is 3 hours.

The waiting time at Shanghai airport was longer than the flight time.

When I arrived at Guiyang Airport and got off the plane, the sky was dark as if it was going to rain.

“They say the climate here is subtropical, but it’s a lot colder than I thought.”

I took the thick jacket I had prepared in advance out of my bag and put it on.

It wasn’t cold enough to wear the thick coat I used to wear in Seoul, but I thought it would get cold at night.

“The weather is gloomy. They say it rains a lot. Will farming be possible like this?”

“Here in Guizhou Province, it is difficult to farm. There are many mountains.”

Min-soo Cho, the Shanghai branch manager who followed him from Shanghai Airport, served as the grandfather’s conversation partner.

As the Shanghai branch manager of Toad F&B, he does not need to accompany his grandfather and father, who are the presidents of our food company, but he quickly realized what he had to do.

So I was comfortable.

My father and uncle were equally comfortable with CEO Cho taking care of my grandfather.

“That person is very quick-witted. He’s also quite eloquent. Old people love him so much.”

It was to the point where such words came out of the mouth of my uncle, who rarely praised others.

“What good are you doing evaluating employees of other companies?”

“Hyung, did I say something wrong? And Yongwon is a company employee, so what’s left!”

“Come here, let’s stop bothering Yongwon and let him do his work and talk to me. It looks like the employee over there has something urgent to say.”

My father and uncle walked away, babbling.

“Do you have something to say to me?”

“I am in charge of exporting liquor at the Shanghai branch.”

“Without going into details, is it because of Maehrt?”

“Yes, it’s not a big deal right now.”

“What a mess? It seems to be selling very well.”

“It’s a problem because it’s selling too well. We released the imported quantity into the market, but these days, it’s all going to one place.”

“They’re all gathered in one place? Looks like someone with great power has taken over. Where is that?”

“It is said that former Secretary-General Kang tasted Maehrt and was impressed.”

“Oh my! This is really a mess.”

Although he handed over the position of General Secretary of the Party to his successor Hu Jintao at the National People’s Congress, he held on to the position of Chairman of the Military Commission and still wielded enormous power.

This is a proper way to act as a king.

“Most of the exported goods are enjoyed by General Secretary Jiang and his associates. Rumors spread that this is the General Secretary’s favorite liquor, so the quantity sought after in Shanghai has increased significantly. It is a must for high-ranking officials to be promoted.”

Even if the demand is large, production cannot be increased arbitrarily.

“They say it’s a limited production run. They say they can’t make any more because they don’t have the materials.”

The employee’s face turned pale at my words. It seemed like he had been through quite a bit.

Still, there was no choice.

What can’t be done, can’t be done.

“Boss, the problem is really serious. If we’re not careful, the export of soju could be put on hold.”

This was another problem.

“Are you saying that you don’t need money now that the National Assembly is over? You can’t just touch it, right?”

Reduce the political funds of the Shanghai faction or the public hearing group. Who would dare to touch it?

“That’s true for you, but they can always touch our branch.”

“I guess so.”

In China, where people are still poor, it takes a lot of power to demand expensive alcohol.

If you put your mind to it, it’s easy to open a branch of a foreign company.

“How much do you need?”

“As much as possible······.”

He quickly changed his words when he saw my frown.

“We are under pressure here and there, so we really need 300 bottles.”

“Hey, it’s a problem if the product you made sells too well. Okay. I’ll send you that much.”

I guess I’ll have to take some from the amount I prepared to drink.

Manager Sa’s dark face brightened.

“Sir, the Beijing branch is the same as us.”

“···.”

“Before I came, the Beijing branch manager strongly requested that I take out their quantity as well.”

It was a real mess.