The Highest Level Son of a Chaebol Family - Chapter 368



Only Noblemtl

368. I said it’s better!

Ding dong ding dong ding dong ding dong ding dong!

It was an unusually loud doorbell sound.

It’s not like the doorbell ringing that we often hear these days.

Bam!

The sound of the front door opening was also unusual.

It must have been quite urgent, because the sound of the front door closing was heard, followed by the sound of brisk footsteps.

The sound of footsteps wandering around the living room for a moment led straight to the kitchen.

“You are my lord!”

“Vice President?”

The smuggling king came running over, beaming.

No, why is someone who should be in America here at this hour?

“You didn’t jump out after causing a major accident, did you?”

“Hahaha, one came to personally deliver good news, and the other came to decide on an important matter.”

Good news, big deal?

Let’s see.

Are there any major issues that require your attention at this time?

If it is a big enough problem that the smuggling king, who was keeping an eye on the timing of the stock liquidation at the US headquarters, will throw away what he was doing and come running.

“Are American oil companies moving behind the scenes?”

“Your Majesty, do you realize that you are acting exactly like Rodin’s The Thinker right now?”

Just shut up.

Because I’m busy thinking about what I’m missing right now.

“Those bracken-like hands, those soft rice cake balls, and this serious expression.”

I’m telling you, I’m in cursive right now.

“These are times when it would be fortunate if we didn’t hear any bad news. The second oil crisis has just happened.”

How bad must it have been for him to throw away the heads of the bean sprouts he had been working so hard to grow?

“Of course, the U.S. stock market would have fluctuated greatly, and the stock prices of U.S. companies would have plummeted simultaneously. The problem is that JH Investment sold off its shares and cash before that… … Ugh!”

“Tchachachah!”

I was lifted up in the blink of an eye while saying, “Uh-uh.”

“Oh my, our master has grown this much in the meantime!”

That’s obvious!

“I feed it meat and milk every day so that it can grow well.”

“You’re finally starting to look a little more childish now.”

The smuggler lifted me above his head and looked me in the eye.

“I know it is my duty to report to you first about the things you are curious about.”

In the eyes of the smuggling king, I had the face of a businessman.

“To put it briefly and to the point, everything you said is correct, my lord.”

That was fortunate.

“It is true that the U.S. stock market is fluctuating, and it is true that corporate stock prices are plummeting simultaneously, and it is also true that JH Investment sold off its shares in advance and secured cash.”

That’s good news.

Only then was I able to loosen my frown.

“The truth is that the brakes have been applied to the divestment of American corporate holdings, or the oil company holdings have not been completely liquidated, or the American banks… … Ugh!”

“Again, again, again. Are you going to report to the end in this condition?”

“Eww?”

The smuggling king lifted me up and spun me up and down.

Oh, this is going to be really difficult.

“Hehehehehe!”

Damn, what a child’s body!

Why is this so fun!

I couldn’t help but burst into childish laughter.

I was helpless.

“Kyahahahaha!”

Wow, sir, the smuggling king! Why are you making it so fun!

My insides are ticklish and I feel like I’m flying through the sky!

It’s always exciting, new and fun!

“One more time?”

“Hehehe, one more time!”

“Okay. Let’s go one more time!”

“Hehehehe!”

The old gentleman is also strong.

How can you turn it so smoothly and so well?

dump.

As the smuggler put me down on the floor, I collapsed on the floor.

The realization came late.

Damn, this is so much fun!

“You’re very clever.”

“Hahaha, can I have it done again?”

“Thank you, but I have to decline. It’s too detrimental to my mental health.”

“… … You laughed and said it was so good?”

“That’s why.”

The smuggling king just burst out laughing.

“Business is good, money is good, and the company is good to worry about. But I still hope that the only good news I can give you is, ‘What kind of gift did you bring me?’”

It was a look of warmth and sadness.

Suddenly, I remembered Kang-woo, who was watching me and talking like an old man.

There was a time when I would hug and comfort Kang-woo, telling him that it was okay for him to whine a little more like a child.

“So what gift did you bring?”

I smiled brightly, hugging the smuggler’s waist.

The eyes of the smuggler looking down at me became more compassionate.

“Is it for eating, for using, for wearing?”

“Oh. Unfortunately, you were all wrong.”

“Then is it hidden property?”

If you’re the loser smuggling king of Busan, you’ll know.

He must have gone abroad, the cash he recovered must be good, it’s the perfect time to embezzle hidden assets, right?

“Is it gold, jewelry, bonds, or real estate?”

I winked one eye and curled my thumb and index finger into a circle.

“By the way, I also like cash very much. It’s as reliable as documents.”

“Hahaha! You really are unstoppable.”

The smuggler burst into laughter as if he couldn’t stand it anymore.

On the contrary, I wiped away all my laughter.

“If you keep talking nonsense like an engagement to Ko Jae-young as a gift, I won’t let you off easy.”

“Even like this?”

The smuggling king lifted me up with one arm and rummaged through his suit pockets with the other hand.

A document popped out, which I like as much as cash.

‘Ugh, what on earth is this gold?’

It was a brilliance I had never seen before.

I was helplessly sucked into the golden light, as if in a trance, wondering if this was how a moth felt.

‘I’m going crazy.’

Even Warren Buffer’s deal to acquire Berkshire Hathaway’s stake was not as successful.

The permit for the Gwangyang Integrated Steel Works that the President promised was not like this.

Even the acquisition of Yukong, known as the dinosaur property, did not shine as golden as this.

“Do you remember what former Central Intelligence Agency chief Kim Hyung-won said about buying an oil field with the money he embezzled?”

“… … !”

It was absurd.

“Isn’t that something the lobbyists jokingly said?”

Saudi oil fields aren’t something that costs a few pennies.

“You say it only cost 100 million dollars?”

Even if you pour in a hundred million dollars, you won’t be able to buy a single piece of land at the edge of an oil field.

“You said you were exploring?”

“Yes. The first drilling yielded crude oil, so we tested it for development suitability.”

No, you finished drilling?

That meant that they had unearthed a definite genetic resource.

So, I couldn’t help but be shocked.

“You even included a development suitability test? So what was the result?”

“It was a huge success.”

Really?

Are you kidding?

“You’re saying you weren’t scammed?”

“I was lucky.”

The smuggling king laughed so hard his mouth almost split.

“Oil and gas are just pouring out.”

I was speechless for a moment.

Is this possible?

Even if I’m lucky, isn’t it too good?

“Where is the location?”

“South of Riyadh.”

“… … !”

It was a shock that hit the back of my head.

When you think of the south of Riyadh, the oil fields naturally come to mind.

‘Surely not… right?’

Hey, even if you’re lucky, that’s not the case.

Could it be there?

‘That oil field that hit a jaw-dropping jackpot in the late 1980s… … What are the odds that Hyungwon Kim would get it?’

In May 1933, an American oil company signed a memorandum of understanding with the Saudi Arabian government and obtained the right to extract crude oil.

Even though we have been searching for crude oil like crazy since then, we still haven’t found it.

‘Come to think of it, hasn’t the Saudi Arabian government completely acquired Aramco yet?’

My eyes widened.

“What happened to the oil company shares?”

“That is the very serious matter that requires my Lord’s decision.”

The smuggling king nodded.

“Since the oil company stake has not been fully liquidated, the brakes have been applied to the sale of American company stakes.”

I like it rather!

“As you said, when the second oil crisis broke out, I knew that the oil companies would be the first ones to see their stock prices plummet… … .”

“You’re saying that you didn’t completely liquidate your oil company shares on purpose? Because of the oil fields that Kim Hyung-won brought in.”

“Yes, it is exactly as you said. It is correct.”

The smuggling king smiled triumphantly.

“I entered into negotiations to acquire shares with conditions attached. But then I thought about it… … .”

“You mean it was an oil company that had oil exploration rights in Saudi Arabia?”

Standard Oil, a representative oil company in the United States.

The company founded by oil magnate Rockefeller, who owned the largest energy company in history, monopolizing 90% of the world’s oil market, had its sights set on Saudi Arabia’s oil fields.

“I guess you were worried about the possibility of exchanging your stake in Aramco for your stake in an oil company?”

“How do you… … !”

The seven major oil companies of the Rockefeller family.

The smuggling king scratched the back of his head.

“Actually, there were many difficulties in the negotiations.”

That was bound to happen.

“At first, we tried to negotiate a stake sale with an American bank, but since the size of the stake was quite large, the oil company contacted us directly.”

I guess so.

Even Warren Buffer of Berkshire Hathaway was dazzled by a mere 2% stake.

“I guess it’s because they’re one of the world’s leading oil companies, but they’re really thugs. Well, they’re threatening us by saying that if we don’t hand over our shares at a low price, it’ll be no fun.”

It was an interesting report.

“But this wasn’t just a threat, was it? Since the US government was taking action, I thought this was not an ordinary thing.”

As the smuggling kingpin of Busan, he would not have succumbed to any pressure or threats.

The smuggling king had a tired look on his face.

“The collusion between politics and business in the US is not trivial. Is it really necessary for the CIA and IRS to get involved in the oil companies’ rice cake?”

They even mobilized the Central Intelligence Agency and the Internal Revenue Service.

It was easy to guess how much power oil companies have in the United States.

“They want to swap our oil company stake for Aramco’s stake.”

“yes?”

The smuggling king opened his eyes wide.

“No, that doesn’t mean sell it for cheap, but sell it for shitty money.”

The smuggler shook his head violently.

“During the last oil shock, Western oil companies had already turned a blind eye to the Saudi government and cut off its nose.”

At the time of writing the memorandum of understanding transferring the crude oil mining rights, the shares of Aramco were split 50-50 with the Saudi Arabian government.

When the United States sided with Israel rather than the Arabs, Saudi Arabia kicked out Western oil companies and advocated resource nationalism.

So during the last oil shock, Saudi Arabia snatched away a 10% stake in Aramco.

‘By 1980, the Saudi Arabian government will have completely taken over Aramco.’

“Are oil companies currently running deficits?”

“Yes, that’s right.”

“So, it must be a very unfortunate situation for American oil companies.”

I counted my fingers.

“The Saudi government is holding onto the oil fields and won’t give them up, the pressure from the Organization of Petroleum Exporting Countries is growing stronger, and the second oil shock has hit.”

“Yes.”

“As crude oil prices soared, the Saudi government and even governments in advanced countries would begin to put pressure on oil companies.”

“yes.”

Just as the US Gulf Coast Company was shocked by the Korean government’s decision to freeze oil supply prices, it eventually decided to cut its losses.

“Is the board of directors sharpening its knife to purge the management with a sharp eye?”

“That’s right. American corporate boards operate very differently from ours.”

American corporate boards of directors act strictly in the best interests of shareholders.

Why else would a founder be kicked out for poor management?

Apple founder Stephen Sacks was also kicked out for the same reason.

“As business performance deteriorated, executives who wanted to survive must have become desperate to secure friendly shares at any cost.”

“So isn’t that why you’re running at me like you’re going to die and trying to take it away from me?”

“So let’s just give it to him and let him die.”

I smiled brightly.

“The shares they want so badly? Even if you get them now, they’ll only end up worthless. On the other hand, this side is different.”

I poked my chest with my index finger.

“Are you saying that from now on we are in a position to establish friendly relations with Saudi Arabia?”

It was a crossroads of whether to eat or not the genetic material that Kim Hyung-won brought.

“The Saudi government is already trying to drive out Western oil companies and monopolize the oil fields. Are they going to just leave our oil fields alone?”

That’s why.

“Originally, a request had to be accompanied by a bribe.”

What is the best bribe?

It was exactly what the other person wanted.

The Saudi government wants to buy back all of Aramco’s shares from Western oil companies.

“Originally, we had to get Aramco shares even if we had to pay extra, but if they give it to us at a cheap price, we have to say, ‘Oh, thank you, thank you.’”

So, I’m saying it’s better!