The Chaebol Who Flies From Space - Chapter 81



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The Tycoon Who Flies Into Space Episode 81

Episode 81 Romance Guy

The New York Stock Exchange NYSE is the world’s largest stock exchange with 3,500 stocks listed. With a daily trading volume of 1.9 billion shares, it had no trouble handling the volume of Toad F&B.

Everyone expected that Samsung Electronics, which boasts the largest market capitalization in Korea, would more than double its current stock price if it were listed on the New York Stock Exchange.

If it was for relisting, it would have been better in many ways to list on the New York Stock Exchange rather than the narrow Korea Exchange.

“We will have to look into it, but due to the complex regulations and costs, listing using ADRs rather than direct listing on the New York Stock Exchange is the more common method so far.

“In the case of ADR, the original stock is stored in Korea and the depositary certificates are issued, right?”

“Yes. If you want to list on the New York Stock Exchange, this is one way to do it. The listing costs are greatly reduced.”

Kim In-young, head of WD Asset Management, who was listening to the conversation, intervened.

“In that case, why not list on the NASDAQ instead? The listing regulations are simpler than those of the New York Stock Exchange, so direct listing won’t be difficult. Didn’t the companies listed on the NASDAQ leave in large numbers? In 2001, more than 1,300 companies were delisted from the NASDAQ. A little over 200 were added.”

“So, what Chief Kim is saying is that listing on NASDAQ is advantageous?”

“Yes, the NASDAQ market took a big hit from the dot-com bubble burst, but it hasn’t lost its market momentum. The companies that survived are in a bad mood these days. The NASDAQ will also welcome the listing of a toad that has been posting huge profits every year. Its stance is very different from that of the well-fed New York Stock Exchange. Unlike our country where the stock exchange is a public institution, the New York Stock Exchange and NASDAQ are individual companies. Since they are companies that need to make profits, if a toad wants to list, they will welcome it with open arms.”

Excluding me, the person with the most toad stocks in this place was Director Kim In-young.

Personally, I bought stocks starting from below the face value of 5,000 won.

This was an investment that achieved tremendous success in a short period of time, as it was worth over 1 million won per share in the over-the-counter market.

“I think it would be better to do a direct listing. Nasdaq? I didn’t think about it because I’m not an IT company that usually lists on Nasdaq, but a direct listing on Nasdaq would be easier.”

President Jeong Yong-in, who was listening to the story, slyly intervened.

“I don’t know if I should buy toad stocks right now.”

“You haven’t bought it yet?”

“Toads are stocks that are not even listed on the exchange and are so expensive that you can’t even think about buying them.”

WD Chosun President Jeong Yong-in is a latecomer. Most people here have made a lot of money by buying toads at a cheap price, but President Jeong, who joined late, could only watch as the toad stocks had already risen too high.

“oh my!”

All I can do is just smile and look at the pitiful sight.

My gaze lingered on Lee Jeong-bin, Vice President of Seohae Petrochemical, who was sitting silently.

“The vice president is not saying anything?”

“I’m not really interested in that kind of thing.”

Vice President Lee Jeong-bin was one of the few domestic resource experts who traveled the world for oil drilling. Despite his manly appearance, he was not good at talking to strangers.

He was the type of man who would only open his mouth after a drink.

And there were few topics of conversation that would open his heavy lips.

“Is the West Sea oil field drilling going well?”

“We have increased our daily production to 500,000 barrels. The people on the Her side that the chairman has appointed are incredibly skilled. They are experts not only in resource exploration but also in drilling.”

“If the exploration is successful, we will also have a share in the drilling operation. We have previously conducted oil exploration and drilling operations many times. Since we have experts, we will naturally have the skills.”

So far, two straws have been put into Seohae Oil. This means that oil is being pumped from two places.

We started drilling with used equipment that was being withdrawn from an oil field where oil was running dry, but from now on, we will be working with equipment built by WD Shipbuilding.

“Have you decided where to drill further?”

“Yes, we have confirmed it. We will drill in the spring due to weather issues. We plan to drill three more boreholes by the fall.”

“Even if we expand the facilities, we should not produce more than 500,000 barrels for the time being.”

“I don’t understand why you ordered us not to pump oil even though we have expanded our maximum production capacity. We are asking China to give us as much oil as they produce. It seems that supply is running out as Chinese oil consumption is skyrocketing. It is hard to understand why you are telling us not to increase supply when there is demand.”

“It’s simple. It’s because of the oil price. The US will fight Iraq next year. Oil prices are expected to fluctuate in the short term. Oil prices are not high right now, so even if we produce, the actual profit is not great. Oil fields are not infinite. When oil prices are low, we have to maintain a moderate amount of production, and when oil prices rise, we have to produce a lot.”

The West Sea Oil was a topic of interest to all Koreans. The heated enthusiasm subsided over time, but it once again emerged as a hot topic of interest with the creation of the Oil Fund.

There was even a craze about calculating how much money I would receive when I heard that the fund would share its profits with the entire nation starting 10 years from now.

Seohae Oil was now a national enterprise.

Unlike other companies, it is not a national company that only talks about it, but a certain portion of the profits generated here actually goes directly into the hands of each individual citizen.

We asked Vice President Lee Jeong-bin several questions while on the plane, but since we didn’t get any satisfactory answers, everyone perked up their ears and listened.

“So you think oil prices will rise in the future?”

“Of course, the world economy is growing, so oil prices can’t stay the same. Oil prices will continue to rise for the next 10 years.”

Vice President Lee Jeong-bin also seemed to understand only then why I had given the order.

Oil production is the process of extracting the limited amount of oil buried in oil fields.

“While we’re on the subject, let me explain the oil fund. I personally contributed $1.35 billion to the fund’s initial founding capital.”

This has been talked about a lot at home and at work.

It’s easy to say, but it was like donating 1.35 billion dollars, or 1.6 trillion won in Korean currency, to the country.

When this fact was revealed in Korea, a large-scale consumer movement took place in the toads I was a part of. Our food products also benefited greatly from the sales of food.

My popularity in Korea had soared to the point that anyone who questioned what I was doing was treated as a traitor who had sold out the country.

Those who attended also shared their thoughts.

“Because of that, the toad has now become a company that no one can tamper with.”

“The same goes for WD Investment. The funds that were dormant in the market came rushing in like a tidal wave. The assets under management increased from 7 trillion to 11 trillion.”

“Emma Brown’s popularity is no joke. The most popular product in domestic duty-free shops is Emma Brown. It has beaten out the snobbish Hermes and Louis Vuitton.”

This was an unexpected fact. I tilted my head in surprise at the words of Park Young-joo, the CEO of Holdings.

“Who would buy something like that?”

“Who would they be? Chinese tourists. When they enter Korea, the first place they go is Emma Brown.”

“Chinese tourists? Have the number of tourists increased significantly?”

“Although consumption is not high yet, Seoul tourism is very popular among Chinese people.”

“Emma Brown’s sales in the Seoul branch must have increased tremendously?”

“It exceeded 350 billion this year. We expect it to double next year.”

“Are these sales only for the Korean branch?”

“If we add the sales of our Chinese branch to the headquarters, it will be huge.”

“Aren’t there still branches outside of Shanghai?”

“There, as soon as you put something in the store, it all sells out. The purchasing power is incredible.”

“Wow, really! This is truly amazing.”

I drank the coffee in front of me.

I haven’t been able to talk to Emma for a while.

I heard from Jamie that they were very busy opening branches in Paris and London. The place they really needed to open another branch was China.

“But how does CEO Park Young-joo know so much about Emma Brown?”

“I am the president of Holdings. What are you talking about when you have transferred all of Emma Brown’s shares to Holdings? Of course, I frequently contact Holdings, the largest shareholder, for business purposes.”

Somehow, Emma has been pestering me less lately and has met someone else.

“Does Emma contact you often?”

“What’s the point of talking? We talk on the phone every other day. But it’s fun to talk to each other.”

President Park Young-joo looked new. Emma, ​​like an artist, had a picky and sensitive personality. She rarely talked much with ordinary people.

“Emma is a picky person, so it’s not easy to communicate with her, right?”

“Haha, maybe because I majored in aesthetics in college, we communicate well.”

“You majored in aesthetics in college and then got your CPA license?”

“What can I do? My throat is like a grapevine, so if I don’t eat that, I’ll starve to death. When I graduated from college, it was a time when even a business or engineering graduate couldn’t get a job, so I should be able to get a job since I majored in aesthetics. I could be a school teacher, but I didn’t like that either. That’s why I got a license at the recommendation of our food chairman, Mr. Cho.”

I found out something very surprising.

In addition, President Park Young-joo lost his wife five years ago. Although there was a big age difference between the two, Emma was not the type of person to care about such things.

When I gave him a sharp look, President Park turned his head away, seeming embarrassed.

“Be honest with me. Do you like Emma that much?”

“Haha, what are you talking about? Do you know how much of an age difference there is between us? If I had gotten married early, I would have had children of that age.”

“What’s wrong with a twenty year age gap? Emma isn’t the type of woman to care about such things.”

Everyone’s eyes were turned to President Park.

No matter how young the WD Group executives may be, they are all over 40 years old.

How can a sparrow just pass the mill when a romantic guy appears at an age when one is approaching twilight?

President Jeong Yong-in, the oldest among the attendees, stepped forward.

“I envy you. I read an article about Emma Brown in the newspaper. She’s really beautiful.”

“Hmm, that’s not it. I’m dating Emma… … .”

President Park shook his head and tried to deny it.

“Then should I check with Emma myself?”

Emma has a very fiery and direct personality. If something is good, it’s good, if not, it’s not.

“… … .”

“If I told you here that Mr. Park denied that we were dating, you’d probably be furious.”

President Park also couldn’t deny that he knew Emma’s personality.

“… … Haa! Yes, the two of you are dating.”

Haha, this was really an interesting story. I have to tell Jamie right now.