A Returner’s Successful Investment Method - Chapter 602



Only Krnovel

Episode 602. Hwaan Group (11)

The Suez Canal is the most important sea passage.

When this area was blocked, a logistics crisis occurred around the world.

Some places had a hard time because export goods did not arrive, and some places had a hard time because import goods did not arrive.

You can almost see empty seats on supermarket shelves right now.

Senior Dongho said as if he was surprised.

“The Suez Canal was such an important place.”

“Iknow, right.”

Seeing the uproar around the world over the closure of the Suez Canal, I realize once again that the world is connected as one.

Unlike the first time, damage to the hull and oil spill occurred, and even after a week, there were no signs of normalization.

Fortunately, the worst-case scenario of the Neverland sinking did not occur.

If the ship tipped over and the containers spilled into the sea, it would be impossible to know whether it would take a month or a year to recover.

All ships previously using the Suez Canal turned towards the Cape of Good Hope.

It takes ten more days, but there is nothing we can do.

The problem is that Somali pirates haunt this place.

“what the. “It’s not even the Age of Exploration, so we have to worry about pirates in the 21st century.”

Pirates do not plunder ships.

You have to steal the entire container ship because there is no port to dock it and no crane to unload the container.

Piracy is usually carried out by taking the captain and crew hostage and demanding ransom.

If you succeed, you can fix your problem in one go.

Therefore, in Somalia, where the national system has collapsed and there is no industry, dreamers of pirates are still growing.

Somali pirates, who thought they had caught the news of the closure of the Suez Canal, took their ships out to sea all at once.

There is no answer if pirates attack a situation where a logistics crisis is already underway.

Accordingly, the navies of each country mobilized in full force to protect their own merchant ships. They threatened to jointly respond if piracy occurs.

In this situation, there is another place that has hit the mark, and that is Gukppong A-Tuber.

When I remembered it, I took a quick look.

[Shock! Japanese and Chinese shipbuilding industries are completely over!]

[Surprise! Logistics around the world are paralyzed due to ships made in Japan!]

[Japan bows to Korea’s shipbuilding technology, and China cries!]

[What is the story that made the world obsessed with Korean shipbuilding history?]

[Global ship owners beg for Korean shipbuilding! ‘I’ll give you as much money as you want, so please sell me your boat!’]

[From now on, Korean ships will rule the world’s oceans!]

… … Let’s stop looking.

Although it is a bit soupy, it is not wrong.

It is true that the technological prowess of the Korean shipbuilding industry is the best in the world.

“It appears that China is strongly opposing the strengthening of IMO regulations.”

“It’s worth it.”

The reason is that Chinese shipbuilders have serious quality problems.

The most representative incident is the Gladcastle incident.

The Glad Castle is an LNG carrier built by a Chinese shipbuilding company. However, less than two years after starting the operation, the ship stopped in the middle of the sea.

Repairs were carried out at sea, but the ship was unable to move for two months, and was eventually towed away by the shipbuilder.

After working for half a year, we managed to successfully repair it, but the repair cost was as much as the cost of building it.

It was quite a shock for a ship that had just been built to stop.

Insurance companies around the world, fearing that similar incidents would occur, raised insurance premiums for Chinese shipbuilders’ ships.

If safety and environmental regulations are further strengthened, the avoidance of Chinese shipbuilders will become more severe no matter how aggressive the prices are.

As a result, orders are bound to flock to Korean shipyards.

“I never thought Hwaan Ocean would be this popular.”

Hwaan Ocean, which hit the upper limit, rose by nearly 20 percent the next day.

Hwaan Energy has already earned half of its investment.

The media, which had been talking about the winner’s curse until just before, immediately changed their stance and praised the acquisition, saying it was the best acquisition.

The same goes for shareholders who have been criticizing and cursing.

“Did you buy some stocks?”

Senior Dongho smiled at my question.

“Well, in moderation.”

This is how you take care of your share.

As I was about to leave work, I got a phone call.

[If time permits, can I take a look?]

I thought I would get a call.

I answered right away.

“Where should I go?”

* * *

I opened the old sliding door and went inside.

A kimchi stew restaurant with an old-fashioned flavor.

We met here before too.

In the store after business hours, only an elderly man in a suit was sitting at the table, and a man who appeared to be the owner was in charge of serving the customers alone.

Kimchi stew was boiling over a low heat, and the soju bottle was half empty.

I walked up to him and said hello.

“hello.”

“uh! Are you here? “Hurry up and sit down.”

I sat across from him.

The reason he can use a closed store by himself is because he is the chairman of the 6th largest conglomerate in the business world… … No, because he is the owner of this store.

As someone who once worked at a chicken restaurant, I am willing to rent out the place and extend business hours if the building owner asks.

Of course, I don’t think they would leave a generous tip.

“I’m sorry. “I was having a drink first.”

“it’s okay.”

He looks a little less energetic than when I saw him before.

“Do you know when people realize they are getting older?”

“well.”

Chairman Heo Seong-hoon held up a soju bottle.

“This is it. “I used to be able to drink five or six bottles without any trouble, but now I get drunk after just half a bottle.”

I accepted the soju poured by the chairman with both hands.

We clinked our glasses lightly.

“Have some kimchi stew.”

“yes.”

It definitely tastes good.

There is a good reason why the Chairman uses it so favorably.

By the way, can I order additional egg rolls?

“The reason I asked to see you today is because I wanted to say thank you.”

“Are you saying thank you?”

“I have a lot to be grateful to CEO Han. The same goes for Thomas Motors and hydrogen energy. Thanks to him, he was able to secure a new growth engine for the group.”

“What.”

I was also indebted to the Thomas Motors incident.

So I can help you to this extent.

“You helped Minwoong this time, right?”

“yes.”

Chairman Heo Seong-hoon asked curiously.

“I never would have thought that traffic through the Suez Canal would be stopped due to a ship running aground, not even a war.”

“Is Hwaan Group okay?”

“Of course it’s not okay. The items that were supposed to arrive didn’t arrive, and the items I sent arrived late. “Not only us, but all groups are activating emergency teams.”

“okay.”

“But it seems to be good news for the Korean shipbuilding industry.”

“It seemed like that.”

In the first round, even a simple roadblock caused an uproar, but this time, even oil leaked.

And this directly led to the strengthening of IMO safety regulations and environmental regulations.

“I can’t believe something like this happened as soon as Hwaan Energy acquired Daeho Shipbuilding. If I had known this would happen, the group would have taken over. “Did you ever foresee the possibility of something like this happening?”

I shook my head.

“How was I supposed to know that? “It was just President Heo Min-woong’s luck.”

I knew there would be a boom cycle in the shipbuilding industry, but the Suez Canal blockage wasn’t even in my plans in the first place.

It was luck that this happened.

“It’s luck… … . Luck is very important. Do you know that Hwaan Group almost took over Daeho Construction in the past?”

“yes.”

At the time of the sale of Daeho Construction, Hwaan Group was the most likely candidate.

Hwaan Group mobilized all of its affiliates and raised money by receiving investments to acquire Daeho Construction.

However, despite putting all their effort into it, 300 billion won was not enough, and they eventually announced their intention to give up just before the acquisition.

In the end, Daeho Construction was taken into the arms of Geumo Group.

“At that time, I felt like it was a waste, so I hit the ground. Because there was only 300 billion won short, a 6.5 trillion won company was taken away right before our eyes. But the next year, the global financial crisis broke out.”

When Daeho Construction was sold, real estate around the world was booming.

Therefore, conglomerates were in a frenzy as they wanted to buy them even at high prices.

However, the global financial crisis that occurred in 2008 changed this atmosphere in an instant.

As real estate collapsed, construction companies also collapsed one after another.

The value of Daeho Construction also plummeted to less than half in an instant.

“It touched my heart when I saw that. “I thought it was unfortunate that I was short of 300 billion won, but in hindsight, it turned out to be a great luck.”

If Hwaan Group had acquired Daeho Construction, it would have suffered a huge blow even if it had not gone bankrupt.

However, thanks to the failed acquisition, we were able to secure cash, and when the economy recovered, we were able to use that money to acquire other companies and invest in new businesses to further expand our business.

Chairman Heo Seong-hoon looked at me and asked.

“What does CEO Han think of a company?”

“well.”

It is a philosophical question that if you ask 100 people, you will likely get 100 different answers.

The characteristic of these questions is that the answer is predetermined and the questioner will tell you if you wait.

As expected, Chairman Heo Seong-hoon said.

“I think companies are living beings.”

“A living being?”

“A company is called a corporation. But isn’t the word “corporation” really interesting? A legal personality. Even though we are not human, we have legal rights and obligations. So he can hold assets, pay taxes, take out loans, and sue (or be sued). “It doesn’t actually exist, but it definitely exists on paper and in concept.”

“okay.”

Hearing this, I think the expression “alive” is appropriate.

“When I suddenly became chairman one day, I had only one goal. “It’s about making Hwaan Group survive longer than me.”

“You were successful enough.”

Huan Group has grown steadily and is now the 6th largest conglomerate in the business world.

Chairman Heo Seong-hoon smiled happily.

“Maybe I could have done better, but I think to myself, just doing this is great. “When I meet my father in the afterlife, I will be able to proudly say that I have grown the company he left behind to this level.”

I could hear deep regret in his voice.

Chairman Heo Seong-hoon looked as if he was reminiscing about the past decades.

“You know, one day my father suddenly passed away and I became the president overnight. Even now, the memories of that time are still vivid. What did a 28-year-old know? “I focused on work day and night just to save the group.”

At that time, the position of conglomerates was not as strong as it is now.

There were many groups that disappeared overnight due to poor management or because they were disliked by the government.

“Suddenly, I was worried that something like that might happen at some point too. That’s why I educated Minhong even before he was an adult.”

Perhaps his son didn’t want to repeat the same mistakes he made.

So, it seems that Heo Min-hong was trained as a successor from a young age so that he could take charge of the group whenever something happened.