He is Already a Tycoon at a Young Age! - Chapter 35



Only Krnovel

#035

“Grandpa knew.”

“Yes, when you and your aunt had the accident, the Blue House contacted us.”

“I guess you refused.”

“There’s no need to bow down to ugly flowers. But now I have a headache.”

“Grandpa, no, Chairman Samjeong Group, if you want to use my time, please give me money for it, because time, capital, and labor are the same.”

“Hahaha, do you only see this old man in terms of money?”

“You called me because you were curious about my thoughts. And I guess the Blue House has confirmed the progress of the Samsung Electronics semiconductor business that I announced last time.”

“That’s right. Now, we have to force ourselves into the semiconductor industry. You guys have planted the fruit trees too densely.”

Compensation is not limited to land.

If the government decides on compensation, all the trees within the land will also be compensated.

‘In some ways, the belly button is bigger than the stomach.’

Because you have to compensate for the previous costs by predicting how many years of fruit will be produced from that tree.

This is why housing construction workers commit illegal acts later on.

In short, the more you know, the more you sin.

“Grandpa, I think we’ve strayed from the main topic.”

“What do you think?”

“Grandpa, I don’t think now is the right time to enter the semiconductor industry.”

“no?”

“Yes, I think we’re going to have an unimaginable semiconductor recession for several years.”

“Why?”

My grandfather looked at me intently.

* * *

Pacific Investment Corporation office.

“Specialist analyst Kim Eung-soo, you can use that room.”

Youngsilup’s Kim Eung-soo was scouted by Ji-sung and became a professional analyst at Pacific Investment Corporation.

In a way, it was like taking it from the headquarters of Samjung Group and sending it to Young Industrial, but it was like giving it and then taking it away.

“Yes, I understand.”

“And take this with you.”

Investment manager Han Jun-ho handed over a digestive to analyst Kim Eung-soo.

“Is it a digestive?”

“It’s hard here without this. The manager has really big hands.”

“yes?”

“And what I’m most worried about is that next week is the director’s birthday.”

After saying that, Han Jun-ho shook his head as if he remembered something that was about to happen.

On the other hand, Kim Eung-soo, who had never experienced the director’s birthday, felt embarrassed.

‘What are you talking about?’

You will realize it when you get there.

* * *

The study of the Samjeong Group Chairman’s residence.

“I am convinced that a serious recession is coming.”

“So, why?”

“Because the catalyst that will explode the demand for semiconductors has not yet been developed.”

“So are you saying that Samsung Electronics should not enter the semiconductor industry?”

This is something that my grandfather, as the chairman of Samjung Group, would have to decide through a meeting with the key members of Samjung Group. But the fact that he called me first and asked for my opinion probably means that he now trusts me completely.

‘and!’

It could mean that they have nominated me as a candidate for the successor to the Samjung Group. If so, then I will now be competing not with my cousins, but with my father and my two uncles.

“No, that’s not it. If we delay any longer, I don’t think we’ll have a chance to enter the semiconductor industry.”

“Should I still advance?”

“Yes, I think it would be better to refrain from large-scale investment and enter the non-memory semiconductor sector. I heard on the news that Korea Semiconductor is going through a sale process due to worsening management. I understand that Korea Semiconductor has entered the non-memory semiconductor sector and has secured considerable technological capabilities.”

“If a recession is coming and you still have to enter the semiconductor industry, that means you have to be prepared to lose a lot of money.”

“Yes, the semiconductor industry is ultimately a chicken game. If you have capital, you can survive, and if you survive, I am sure that the era of monopoly will come. The demand for semiconductors will probably explode in a few years.”

“What semiconductor demand?”

“In the US, Apple has developed personal computers, so I think the spread of personal computers will be maximized. Every household will have a personal computer and use the Internet at least partially, and along with that, cell phones will inevitably contain a lot of semiconductors. So, all we have to do is hold out until then, and if we acquire domestic semiconductor companies that can’t hold out, the shrimp will turn into a whale.”

“Jisung, your analysis is the same as mine. The problem is the capital that can hold out?”

“Yes, Grandpa, I am also a major shareholder of Samjung Electronics.”

“That’s right. At some point, all of a sudden, Ji-sung became the largest shareholder of Samjung Electronics.”

I own 16% of Samsung Electronics.

‘however!’

Samsung Electronics is not developing as I know it. It is still developing mobile phones.

The home appliance sector is also not producing great results.

‘of course.’

In the kimchi refrigerator and refrigerator sectors, it has surpassed GL Electronics and has risen to first place in domestic market share. In particular, double-door refrigerators are enjoying explosive popularity in the refrigerator sector.

The international design registration for the double-door refrigerator has been completed. In other words, no one can now make a refrigerator with doors that open on both sides without permission from Samsung Electronics.

‘Without semiconductors, the Samsung I know wouldn’t be there.’

In that case, my 16% stake cannot be a huge asset.

“Yes, I intend to create the capital to sustain myself.”

“you?”

“Yes, we have invested a lot and the fruits of that investment will be harvested soon.”

“Are you saying that I should bet the future of Samsung Electronics on you, my young grandson?”

“You have high expectations of me.”

“Hahaha, hahaha!”

My grandfather laughed heartily.

“Yes, I have high expectations for you. So now you have to show it in numbers, not words. Ji-seong, as you can imagine, what will you say now? I think you have to say that you have been promoted. You will have to compete with your father and your uncles, not your brothers or cousins.”

“Then, Grandpa, you must live a long life.”

“For you?”

“No, for the Samjung Group.”

My stumbling block is, of course, my age.

‘What if I were over 20?’

Because it will make the things I can do a lot better than what I do now.

“I didn’t say I would give it to you.”

“Yes, I don’t plan on getting anything for free from my grandfather either.”

“Okay, let’s see if you can come up with numbers that will really surprise me. But how long will I have to wait?”

“I don’t think it will take long.”

“okay?”

“At the end of April, there will be a trial on racial discrimination in the United States. I invested in the plunge of the U.S. composite stock index because I thought that after the trial, all black people in the United States would become angry and riot. It will expire in three months and the numbers will be made by the end of May.”

“There are riots in America?”

“Yes, I watched the news, looked into it, and analyzed it, and that’s what I saw.”

[Although the possibility is low, if a riot breaks out and the scale of the riot is significant, an analysis has been published that the U.S. composite stock index could fall by 7%.]

Since we invested 20 billion, we expect the expected return to be around 500%.

‘Then 100 billion!’

The first number I can make through investment is 100 billion.

“I’ll look at it carefully too.”

“And Grandpa.”

“why?”

“I will take over Korea Semiconductor.”

“After you take over, you will merge with Samsung Electronics?”

“I think that would be the safest.”

“Okay, if you have the funds to take over, then do it. And after looking at the situation, we will have Samsung Electronics take over Korea Semiconductor from you.”

“No, that’s not it.”

“That’s not it?”

“It’s a merger.”

“If it’s going to merge with Samsung Electronics, the size of Korea Semiconductor must be quite large, right?”

“Yes, I would like to carry out a merger after I have grown the company to the size of Samsung Electronics. I think it will be around 6 years.”

“Six years later?”

Six years later, the IMF foreign exchange crisis hit South Korea.

The South Korean government, at the request of the IMF, carried out government-led private enterprise transactions. And at that time, many companies were merged under government pressure.

‘Now that I think about it, back then.’

GL Group gave in to government pressure and put its semiconductor company up for sale. Daehyun Electronics acquired the semiconductor company and emerged as the winner. However, in the end, it became the winner’s curse amid the ongoing semiconductor slump and ultimately endangered Daehyun Group.

‘What if I take over?’

If only we had the capital to sustain ourselves, everything would be different.

I can get revenge on GL Group once again.

“Yes, that’s what I’m aiming for.”

“Okay. Do you have the funds to take over?”

“Yes, there is something left over from Grandpa.”

“Hahaha, that’s how it’s used again.”

Of course, by the end of May, if my investment is successful as expected, 100 billion more will be secured.

‘And June.’

The maturity of derivatives related to the decline in the Japanese Nikkei index will also generate unimaginable amounts of capital. Finally, the plunge of the British pound.

‘Maybe when that time comes.’

More than 1 trillion won in funds will be secured.

‘Ten thousand!’

My heart feels like it’s going to burst just thinking about it.

“Okay, let’s see how far you grow.”

* * *

April 27, 1993, Reception Room, Government Building, Moscow, Russia.

A high-ranking official equivalent to the Russian Deputy Minister of Defense was looking at Taean Industry CEO Park Moon-soo.

“To sum up, it seems that the Soviet Union is seeking to receive $1.5 billion in loans that it could not repay to South Korea in the form of Russian goods.”

“That’s what they say.”

President Park Moon-soo still used a Russian interpreter even though he could speak Russian.

“First, let’s repay part of the $1.5 billion loan with Russia’s natural resources, such as copper and aluminum, and from the second stage onwards, let’s repay the loan with the latest Russian weapons and equipment.”

President Park Moon-soo said.

The Russian interpreter relayed the information directly to the Russian Deputy Minister of Defense.

“You said it was the latest weapons and equipment?”

“That’s what they say.”

The Russian interpreter answered.

“Tell them that that is difficult.”

“There will be no reason for trouble.”

For the first time, President Park Moon-soo spoke in Russian.

The Russian Deputy Defense Minister was surprised.

“Can you speak Russian?”

“We can do a little bit. The Russian Deputy Defense Minister thinks that it would be difficult to repay the loan with the latest Russian weapons or equipment, but if we do that, it would be beneficial for Russia as well.”

“What good will it do for Russia if the latest weapons are smuggled out of the country?”

“Unfortunately, isn’t Russia facing an economic crisis that makes it difficult to operate modern weapons and equipment? And I understand that its weapons and equipment are saturated due to its arms race with the United States during the Cold War.”

“That doesn’t mean we can export the latest Russian weapons to South Korea, an ally of the United States.”

“What if we do this? When we deduct $1.5 billion in loans for the latest Russian weapons and equipment, how about if only 50% of the price of the weapons is deducted as loans, and the remaining 50% is paid in dollars by the South Korean government to the Russian government?”

Episode 36