A Returner’s Successful Investment Method - Chapter 599



Only Krnovel

Episode 599. Hwaan Group (8)

My title is co-CEO of Continue Capital headquarters and head of the investment team at the Korean branch.

In addition to this, he has one more title: Rush Fund’s investment advisor.

Rush Fund was established with half the capital invested by PIF and Continue Capital. Since Continue Capital borrowed the investment money from PIF, PIF actually provided the money.

In any case, Rush Fund is making large profits by investing equally in big tech companies. Thanks to my advice, we were able to increase rates of return incomparable to other pension funds.

I met a PIF official at A-Oil headquarters.

“nice to meet you.”

“How have you been?”

“Thank you.”

Brown hair down to shoulder length and distinct features. Large, dark eyes and light coffee-colored skin.

I shook hands with a beautiful woman with an exotic feel.

It still looks beautiful and cool.

Her name is Sarah Avery.

She is the princess of Saudi Arabia and the head of PIF’s overseas investment division.

After saying hello, we sat down.

“I didn’t know you would come all the way to Korea in person.”

“are you okay. “Because I happened to be in Shanghai.”

She smiled brightly at me.

“Come to think of it, hasn’t it been a while since we’ve seen each other?”

“Hmm, is that so?”

I also smiled.

It somehow feels like meeting an old friend.

“How is the situation in Saudi Arabia these days?”

“The Vision 2030 plan is progressing steadily. “Neom City’s specific plans are also being announced one by one.”

Neom City is a new city development plan and is the core of Vision 2030.

There are already great role models here.

Dubai.

Dubai, one of the emirates of the United Arab Emirates, invested a huge amount of capital in civil engineering construction, and has now been reborn as a cutting-edge city filled with high-rise buildings and top-class hotels.

Crown Prince Rashid, who took power by pushing out his cousin through a coup, proceeded with reform and opening at a rapid pace.

Even if it is an absolute monarchy, there are many forces opposing radical reform, so it must show sufficient vision and results to the people.

The high returns generated by PIF and Rush Fund were one of its achievements.

Based on this, the Saudi government initiated various new projects that cost money.

“Recently, we have been investing heavily in sports.”

“that’s right.”

Saudi Arabia is also a big player in the sports market.

To revitalize the country’s soccer, golf, and tennis leagues, they spent a large amount of money to recruit star sports players and held competitions with huge prize money.

They also purchased clubs in the Premier League and Bundesliga.

PIF announced plans to invest $650 billion to establish a sports investment company.

This is also one of the ways to reduce dependence on the oil industry and diversify the industry.

There is also an impure(?) purpose here to calm the government’s dissatisfaction with the royal family by revitalizing sports.

“But no matter how much Saudi Arabia invests in sports, there are clear limits. “It will be difficult to surpass the existing league.”

“So?”

I said firmly.

“We need to pioneer a new sports market.”

“What are you talking about?”

“It’s esports.”

I presented the material I had brought with me. This material was created by SW Games.

“How about hosting an international e-sports competition in Riyadh under the leadership of Saudi Arabia?”

“Esports competition?”

“yes.”

The history of international e-sports competitions dates back to 2000.

It is WCG (World Cyber ​​Games).

Surprisingly, the country that first created and hosted this competition was South Korea. However, it was discontinued once in 2013, and although it has recently been said to resume, it has been sluggish.

“As you know, recently, there has been an increase in the number of cases where e-sports are included in international sports competitions such as the Asian Games.”

There is great controversy as to whether games are suitable as sports.

Nevertheless, the reason for doing this is because it helps the success of the competition.

“Leagues for popular games are somewhat active, but large-scale international competitions are still in their infancy. This is because it requires quite a bit of capital and manpower. “If Saudi Arabia hosts it, many game companies will participate.”

To hold a competition, approval must be obtained from the game developer.

If Saudi Arabia proceeds, it will first secure the games under Continue Capital. Since there are many game companies that PIF has invested in, it will be easy to get cooperation.

“Why esports?”

“It takes hundreds of millions of dollars to bring one star player into the league. The same applies to the cost of holding a competition. But e-sports don’t cost even one-tenth of that.”

“It is an advantage to have low costs, but isn’t the pie also small?”

“Esports is currently growing at a tremendous rate. Within three years, the number of visitors and viewers will increase five times compared to now. In addition, Saudi Arabia can establish a foundation for growing related industries along with its image as the home country of international e-sports competitions. “It will be a great help in diversifying industries, growing tourism, creating jobs, and providing entertainment.”

Sarah looked slightly interested.

“Are you saying that international e-sports competitions can be a platform that can solidify Saudi Arabia’s position in the gaming industry?”

“yes. Gamers around the world will be interested in this.”

In addition to the development of the gaming industry, it will be possible to hold various gaming conferences.

Sarah looked over the data and nodded.

“I will forward the proposal to the government.”

“Please consider it positively.”

I was confident that the offer would be accepted.

This is because Saudi Arabia hosted an international e-sports competition in the first round as well.

The official name is Esports World Cup.

The operator is a non-profit foundation established by the Saudi government.

Since the situation is much better now than in the first round, there will be no reason to refuse.

“I have one more favor to ask you.”

“What is it?”

“Doesn’t Aramco have any plans to order LNG carriers? “I can introduce you to a good shipbuilder.”

Sarah chuckled at my words.

“I heard that Hwaan Energy took over Daeho Shipbuilding. “I heard the name was changed to Hwaan Ocean.”

“you’re right. “I think we will be able to have various cooperation with Aramco regarding hydrogen ships.”

This also happened in the first round.

However, the timing is only slightly advanced.

Sarah looked at me and said.

“Miru takes good care of the people around her.”

I nodded.

“I’m a bit like that.”

* * *

Heo Min-woong announced that he would not restructure after taking over Daeho Shipbuilding.

However, even if employees were not fired, the management needed a major shake-up.

In the meantime, whenever there was a change in government, most of the people were unprofessional, as they were the CEOs and directors.

‘This is why the company was like this.’

There are 30 people who need to be replaced immediately.

However, it was difficult to find the right person.

If Huan Group had taken over, the strategy office would have selected suitable talent within the group.

This alone was the difference between having the support of the group or not.

Fortunately, we were able to find a suitable person to be the president.

“Please take on the position of president of Hwaan Ocean. “Please.”

The person Heo Min-woong visited was Suh Su-hwan, vice president of Hwaan Chemical.

He was the former president of Hwaan Energy, but left the company when Heo Min-woong took over as president.

Since he worked with Thomas Motors during the incident, he was categorized as part of the Heo Min-woong line within the group.

Therefore, he willingly responded to Heo Min-woong’s request.

“All right. “I will try my best.”

Suh Su-hwan came as president and was able to put out the urgent fire right away.

But the trouble had just begun.

Although I shouted in front of my father and brother, I was at a loss when trying to win the contract.

Thinking about the accumulated debt and future deficits, I was so worried that I couldn’t even sleep.

While I was wondering what to do, I got a call from Han Mi-ru.

Heo Min-woong calmed his voice and answered the phone.

“Oh, it’s my brother.”

Instead of saying hello, Miru Han immediately asked a question.

[Is the work worth doing?]

“then. “It’s worth it.”

In fact, it felt like I was suffocating, but Heo Min-woong joked for no reason.

[How about Hwaan Ocean?]

“Like you said, it was a good company. “I think I got a good deal at a reasonable price.”

[I’m glad you liked it.]

“then. This is a product recommended by someone. “If I hadn’t bought it, I would have regretted it very much.”

Of course, if I hadn’t bought it, I could have slept well.

[Is there any empty space on the dock?]

“There is, but don’t worry, it will fill up soon.”

[is it so? Then, I guess there is little interest in Aramco’s plan to order four LNG ships.]

At those words, Heo Min-woong jumped up from his seat.

“what!? Is that real?”

[yes. They are also looking for partners to develop hydrogen carriers and propulsion ships. If you’re not interested, I’ll just stop.]

Heo Min-woong spoke as if shouting.

“Now, don’t hang up for a moment. “I heard there’s room on our dock!”

* * *

Contrary to initial concerns that Hwaan Energy’s acquisition of Daeho Shipbuilding was an unreasonable acquisition, once the acquisition was carried out, even within the group, it was evaluated as a surprisingly good acquisition.

“I never thought I would throw a game like this… … .”

Heo Min-hong had no choice but to admit that he had let his guard down.

‘If I had known this would happen, Hwaan Group should have taken over.’

He has lived his life as a successor since birth.

Taking over the group completely was his entire life. Interfering with this, no matter who the opponent was, was unforgivable.

This was the same even if it was his younger brother.

If Hwaan Energy completely swallows Hwaan Ocean, then it will be difficult to push out Heo Min-woong.

At that time, no one will be able to doubt Heo Min-woong’s management ability.

So I had to do something before that.

Heo Min-hong, who thought he had taken a beating, did not neglect monitoring Hwaan Energy to avoid making the same mistake again.

He heard everything happening at Hwaan Energy.

Heo Min-hong received the report over the phone.

[Aramco is said to be planning to order four LNG vessels from Hwaan Ocean.]

“is it so?”

[yes. And it looks like an MOU will be signed to develop ammonia carriers and propulsion ships together.]

“okay.”

After ending the call, Heo Min-hong fell into thought.

Aramco is the world’s largest oil company.

Therefore, ordering a ship is not unusual.

But the timing is a bit odd.

Heo Min-hong smiled bitterly.

‘Did Han Miru play a role?’

I can’t help but doubt it.

In fact, I wasn’t too worried if my younger brother was the only opponent.

As expected, the one that bothers me is Hanmiru.

‘If I had gone to America at that time… … .’

And if I had met Han Miru there, would things have been different now?

‘It would be meaningless to regret it now.’

So Heo Min-hong focused on the present.

If we receive an order for an LNG carrier, we will be able to take a breather.

However, Hwaan Ocean’s situation is not so easy that it can be solved by immediately receiving orders for a few ships. If that were the case, Hwaan Group would have acquired it long ago and won the order.

Even if everything goes according to plan, it will take at least three years to turn around.

Immediately, Hwaan Energy’s debt increased significantly.

In the meantime, several crises will occur, and Heo Min-woong will have to take responsibility for management failure.

Heo Min-hong knew very well that his younger brother would never be able to get through the current situation alone.

I still feel anxious about Han Miru’s existence, but… … .

‘No matter how much Hanmiru is, it will be difficult to reach inside the Hwaan Group.’

however… … .

Suddenly something happened that no one expected.