There Are No Villains in My Regression - Chapter 119



Only Noblemtl
Read Novel Noblemtl

There is no villain in my return 119

Shinwoo was momentarily speechless at the continuous string of zeros and numbers.

I expected it to be that much money because I knew the future, but I was dumbfounded when it actually appeared before my eyes.

2 trillion 898 billion.

It is money that others cannot earn even if they work their whole lives, and in fact, it is money that only a very small number of people on earth can actually see.

What is even more surprising is that this result was achieved with just 180 billion won borrowed from Sanoh Savings Bank.

Not only did they not calculate the 510 billion won that was originally in Shinwoo’s account, but they also did not calculate the 420 billion won that Kangho Investment & Development had invested in U.S. real estate.

And finally, news related to it began to pour out in Korea as well.

[Greenspan warns of possible collapse in US housing prices]

[Former Federal Reserve Chairman Alan Greenspan warned that U.S. housing prices could fall significantly from current levels.]

But the economy remains strong and stock prices remain unwavering.

There were some optimists who argued that the real estate issue was not a big deal.

[The subprime crisis was a fake credit crisis]

[Rather, it is expected to bring about a global liquidity boom… … .]

[CEOs of major U.S. companies maintain positive economic outlook]

[Despite the recent subprime mortgage crisis, CEOs of major U.S. companies remain optimistic about the economy for the end of this year and early next year.]

Shinwoo immediately contacted Kim Taeseok and instructed him to sell all the real estate.

Most of San-O Savings Bank’s real estate was commercial, not residential, so there was no great difficulty in selling it.

The market still has that much money.

And despair showed itself more powerfully and faster than anticipated.

[US Housing Market Recession Still Continues… … 2.07 Million Homes Unsold in Q3]

[Detroit’s entire size “could increase to 4 million homes” As the housing market slump continues in the U.S., CNN reports that there are more than 2 million unsold homes on the market, equivalent to the entire size of Detroit.]

[The collapse of the real estate bubble that started in the US spreads to the whole world]

[The decline in real estate prices in the United States, triggered by the subprime mortgage defaults in the United States, is spreading to Europe and even Asia.]

[National Pension Fund Invests $11 Million in Subprime Mortgages]

[It has been revealed that the National Pension Fund is not free from the so-called subprime mortgage crisis originating in the United States, which is showing signs of becoming prolonged. The amount of loss is not yet estimated… … .]

Slowly, people began to tighten their purse strings, and corporate performance deteriorated accordingly.

As liquidity began to dry up, the economy gradually fell into a vicious cycle.

Small businesses that had been raising funds through loans began to go bankrupt one after another.

Contrary to what analysts say, who assert that it is only a problem for small and medium-sized businesses, the funding shortage has been strangling both medium-sized and large companies.

The South Korean economy was in turmoil and the stock market was crashing at a rapid pace.

“What about San-O Savings Bank?”

“He asked me several times if it was urgent and if I could repay it early. Of course, I said no.”

“This typhoon won’t end in one fell swoop. If it starts shaking like this, it’ll collapse sooner or later. We just have to wait for that moment.”

Jang Dong-gi looks slightly doubtful.

“But would Chairman Geum just sit back and watch? He’s a man with an abundance of money.”

If you make up your mind and push, you can save it no matter how much you lose.

But the Geummusan that Shinwoo knows is not like that.

“Even if it was Geummusan, it would not have been possible to fully grasp the severity of this situation.”

Even the world’s economists and scholars were not convinced until the economy actually collapsed.

Only Shinwoo, who knows the future, is sure of this and bets on an economic downturn.

“He would rather use the crisis to get some kind of subsidy. It’s the nature of those people to try to fill their pockets with whatever taxes they have.”

“So what should we do?”

“You should get the best value for your dollars overseas when they are at their highest. Of course, San-O Savings Bank does.”

“EL Insurance and Gyro Electronics also related to it?”

Shinwoo nodded.

“1+2 is so refreshing and nice.”

* * *

As the downfall progressed, Shinwoo slowly prepared for the war.

“Ha. Three years have passed so quickly. Doesn’t it?”

“It was long enough for me, but it was long enough for Lieutenant Choi.”

“Have you forgotten who made you comfortable for the past three years?”

“I will never forget the pork belly and soju I had.”

Choi Kang-seong looked at Shin-woo with a look of regret.

“……You rascal. Can’t you do it for a long time?”

“Yes. I hate it even if I die.”

I burst out laughing at his firm tone.

The ceremony was brief.

After that, it was more enjoyable to enjoy samgyeopsal and soju together.

“Now you’re a military prosecutor who has left the military? You know Jeong Byeong-sae? He went to the Busan District Prosecutors’ Office and said he was so busy he was dying. He actually complained that the military was better.”

“Isn’t that because life in the military is so easygoing?”

“That’s true too. Drinking and playing golf was his daily routine.”

Yu Yeon-na, who had been sipping her drink in silence, took something out of her bag.

It’s a small box the size of the palm of your hand.

“What is this?”

“A discharge gift. It’s something I give to the kids who were under me when they leave.”

When I opened the package, what was inside was a fountain pen.

The glossy black exterior is stylishly engraved with the words “Inspector Kang Shin-woo” in gold.

The tip of the pen is sharp enough to be used as a weapon.

“I was thinking about engraving a military mark or some fancy words on the outside, but I stopped. After I’m discharged, I’ll be prosecutor Kang Shin-woo, not military judge advocate Kang Shin-woo.”

Shinwoo looked down at the fountain pen for a moment.

“I like it.”

“I had a hard time choosing.”

“thank you.”

He usually grumbles and gets angry easily, but when he thinks of you as his person, he takes extra care of you.

“Even after I’m discharged from the military, let’s have a meal together sometimes.”

“Yes, of course.”

* * *

If I were to summarize 2008 in one sentence, it would be the end of the Cold War and the beginning of a new Cold War.

The turbulent participatory government ended and the Lee Myung-bak government came into power, resulting in a change of government between the ruling and opposition parties for the first time in 10 years.

And the United States, which had lived through the 2000s of growth and dynamism, reached the peak of its decline with the incompetence of President Bush.

The world economy has fallen into a full-blown recession.

* * * * * * * * * * * * * *
* * Read Korean Novel * *
* * * Noblemtl dot com * * *
* * * * * * * * * * * * * *

“Congratulations on your discharge!”

In a situation where there is a lot of crying, Shinwoo finally steps into society.

As if to celebrate him, the dollar soared and exceeded 1,400 won.

We often hear news that even large corporations are reeling from the massive outflow of foreign capital and are entering court receivership.

Shinwoo went to work at the Gangho Investment & Development office wearing a suit for the first time in a long while.

The eight-story building may not be fancy, but it was clean and had tight security.

Only those with key cards were allowed inside, and security guards were on high alert.

“How did you come here?”

Before Shinwoo could answer, applause was heard from behind.

“Congratulations on your discharge from military service, sir!”

“Wow. Time really flies. Doesn’t it?”

“That’s for you. It’s been long enough for me.”

From Oh Cheol-gi, who bowed his head, to Jang Dong-gi and Choi Ji-sang, even came out to welcome Shin-woo.

The crowd is quite large, with the staff from The Shield and Noblesse security companies following behind them.

Not only the security guard who was restraining Shinwoo, but everyone around him looked at him in surprise.

I heard there was a representative, but I didn’t know he was this young.

“Don’t make a fuss.”

“What’s the fuss about! Take this first.”

Jang Dong-gi gave a bouquet of flowers in an inappropriate way.

The face, which had undergone multiple reconstructive surgeries, looked much more natural than before.

Shinwoo went inside holding a bouquet of flowers.

Although it is a building I have never been to, there is an office set up there.

Upon entering, we see a fancy nameplate with the name Kang Shin-woo instead of Yoo Hyuk engraved on it.

“Isn’t this the year 2008 we promised?”

Shinwoo said that he would be staying very hunched over until then.

And he has never been wrong about what he said.

Although Shinwoo was discharged, they are the ones who are very excited.

Kim Tae-seok said this while handing over a report summarizing the situation of Kangho Investment Development.

“Before we have the welcome party, tell me what you plan to do next.”

As Shinwoo said, all the real estate has been sorted out.

And soon after, it crashed, losing nearly half of its value.

On the other hand, the dollar held has risen by more than half due to the exchange rate difference.

Many companies, knowing their financial situation, come to them and beg them to lend them money.

“2,947,910,393,000 won.”

Here too, it is over 2 trillion won.

When Shinwoo spoke calmly, those who were watching clicked their tongues.

“You don’t care even after seeing that much money? How strong-hearted do you have to be?”

I thought you’d be surprised or at least delighted.

But since this was my second time seeing the group, I was able to control my facial expressions.

“It is only natural that you reap what you sow.”

As expected, the first target is San-O Savings Bank.

“Right now, I can have any other better company I want.”

I’m saying this because I don’t know the stake in Cheonwoo Industry, which was transferred from EL Insurance to Gyro Electronics.

“If we combine the current Kangho Investment Development, banking, insurance, and electronics, it will become a big business.”

“I know I have some insight into real estate, but banking and insurance? Electronics? Can I run them properly?”

“We need to hire a professional manager.”

Jang Dong-gi, Kim Tae-seok, and Choi Ji-sang are all trustworthy people, but they do not have the skills to run a business or have any professional knowledge.

People are made for different purposes.

“I have no intention of clinging to management rights like other South Korean conglomerates.”

Hire capable people and Shinwoo just gives them the direction they want to go.

Those who cannot keep up are simply kicked out.

“It might be more comfortable that way.”

“I will meet with Geum Min-jun, the CEO of San-o Savings Bank, separately.”

“Is he going to hand over the bank?”

“It depends on how much.”

He is currently being kicked out by Geummusan and is very discouraged.

I’m struggling to somehow catch his eye again.

But when the economic crisis hits, there’s nothing to see.

In this situation, if you were to sell Sanoh Savings Bank by pouring in a huge amount of money, it would be shaken.

‘Because Geum Min-jun doesn’t know about the hidden shares of Cheonwoo Industries that are connected to EL Insurance and Gyro Electronics.’

Shinwoo decided to bring all of his funds in the United States back to Korea.

But I have no intention of bringing it over as is.

“You can’t do business at a loss. Instead of supplying the government with the dollars it needs, you have to demand compensation.”

Nowadays, even if you want dollars, you can’t get them.

The amount of foreign currency that has left Korea in the past six months is 60 trillion won.

Although they say that they have increased their reserves considerably since the IMF, the government cannot release dollars recklessly.

In that situation, a single company is bringing 3 trillion dollars to Korea.

“Hmm. I see. But which of us can do it?”

“We should leave it to the experts.”

You need to be well-informed not only about the law, but also about business, finance, and investment.

Two women came to Shinwoo’s mind.

“Olivia Manahan”

“Huh? The Olympics?”

“There is a lawyer specializing in M&A who is good at drinking. She is a woman who has been involved in major M&A cases, from the sale of Jeil Bank during the foreign exchange crisis to the big deal between Samsung and Hanwha Group.”

“Just hearing it makes me think you have some skills.”

But I can’t entrust her with such a big task alone.

We need some means of surveillance.

Shinwoo took out two business cards from his wallet.

[MANAHAN LAW]

Olivia Manahan’s law office business card, and one more.

[Donghae Law Firm]

[Partner Attorney So-eun Jeong]

If it’s Jeong So-eun, she can definitely keep Manahan in check.

Read Novel Noblemtl
Read Novel Noblemtl