He is Already a Tycoon at a Young Age! - Chapter 42



Only Krnovel

#042

June 1, 1993, Pacific Investment Corporation office.

“The profits from investment products related to the decline in the US Nasdaq have been deposited.”

Team leader Lee Seo-jin said while handing over the report.

“As you expected, it exceeds 100 billion. Of course, most of the profits have been deposited into the US Pacific Investment Corporation account.”
“Team Leader Lee Seo-jin.”
“Yes, sir.”
“It’s good to make money, right? Hahaha!”

Team leader Lee Seo-jin smiled brightly at my words.

“Yes, the performance bonus that will be deposited into my account from this successful investment is just a small amount, hahaha! Just thinking about it makes me happy.”
“Yes, that’s right. Then, out of the 100 billion in profits, 50 billion will be invested in the American electronics company Pineapple.”
“Did you say pineapple?”

Team leader Lee Seo-jin immediately frowned.

“Why are you like that?”
“According to the corporate analysis report of the US Pacific Investment Corporation, Pineapple is currently suffering from the greatest management crisis since its establishment. It is also said that the stock price continues to plummet.”
“That’s why pineapple stock is worth less than a dollar.”
“That’s true.”
“It’s probably the most undervalued time ever. I think Pineapple is worth investing in just because they invented the world’s first personal computer. Plus, they’re still the leader in personal computers.”
“That’s still the case.”
“Personal computers will become so popular that Americans will buy pineapple computers.”

If I don’t change the future of pineapple, consumers all over the world, not just Americans, will buy pineapple computers and smartphones made from pineapples. At the same time, the cell phones made by Samsung Electronics will sell more than pineapples, but their net profit will be lower than that of pineapples.

‘What if we changed the future of pineapple?’

It would be pointless for me to invest 50 billion won in pineapple stocks right now. But it wouldn’t be a bad thing to buy pineapple stocks like insurance.

“That’s why you should invest now. Because it’s the most undervalued. The principle of stock investment is to buy at the bottom.”
“But there is no analysis anywhere that says pineapple’s business performance is improving.”

As expected, Team Leader Lee Seo-jin prioritizes safety.

“How can Pineapple get out of the worst situation without a new CEO? Until the founder becomes Pineapple’s CEO again, Pineapple will be in that state.”

Team leader Lee Seo-jin nodded as if what I said was right.

“Yes, I understand. I will instruct Pacific Investment Corporation to invest 50 billion won in purchasing Pineapple stocks. And what about the remaining 50 billion won?”
“Of course, we should bring it back to Korea and use it as capital for Taean Electronics. By the way, what about the CEO?”

My great-uncle left for the German research institute just as he told me.

“They say he is planning to enter the country tomorrow.”

I’m looking forward to seeing what kind of results my great-uncle will bring.

“That’s great. Are you finalizing the preparations for establishing a factory in Pangyo?”
“Yes, it is proceeding without a hitch thanks to the establishment support team sent by Samsung Electronics.”

I am receiving a lot of help from my grandfather. And I am taking advantage of the capabilities of Samjung Group like a dried persimmon.

“We must not forget that the core of Taean Electronics’ Pangyo plant is not the production plant but the research center.”
“Yes, I know that too.”

Innovation in electronic products will take place at Taean Electronics’ Pangyo Research Center.

‘All electronic products.’

We plan to move from a wireless era to a wired era.

* * *

The office of the chairman of Miura Securities, Japan.

“If the Nikkei index does not rebound like this, we will suffer a large loss from derivative products related to the Nikkei index decline.”

The head of the derivatives business division reported to the president of Miura Securities with a serious expression.

“When does it expire?”
“There is about a month left. And the investors who invested in the Nikkei index plunge-related derivatives are Korean investors.”
“If the Nikkei index continues like this, how much will be the loss?”

Normally, when a securities company sells derivatives, they only collect commissions, so they don’t have to worry about this. However, Miura Securities decided that it was time for the Nikkei index to rebound after falling for more than three years, so they started investing against it.

“We estimate that it will be over 70 billion yen.”
“70 billion yen?”
“Yes, that’s right. I don’t think anyone would have thought that the Nikkei index would rebound this much.”

These, or rather all Japanese financial experts, may not have predicted it, but the Japanese Nikkei index will continue to decline for more than 10 years. Knowing this, products related to the decline in the index that were invested in will serve as a great source of wisdom in the future.

“If it’s fallen this far, it’s time for a rebound, damn it!”

The chairman of Miura Securities in Japan could not hide his frustration. And the loss of 70 billion yen was the largest loss since the establishment of Miura Securities.
If converted to Korean Won, it is a huge sum of money exceeding 500 billion won. And that 500 billion won will become Ji-seong’s capital.

* * *

June 2, 1993, Samjeong Department Store President’s Office.

The name Samjeong in Samjeong Group means three benefits.
The first chairman named the company Samjeong with the meaning that the growth of the Samjeong Group should be beneficial to its employees first, its citizens second, and its country last.

“You speak nicely to the craftsman.”

Samjeong Department Store is managed by the second daughter of the chairman of Samjeong Group. The chairman of Samjeong Group has decided to leave the Gaya Hotel and Samjeong Art Museum to his eldest daughter and the Samjeong Department Store to his second daughter. Of course, the eldest daughter of Samjeong Group is not managing the Gaya Hotel herself but has appointed a professional manager to manage it. This was also the idea of ​​the eldest daughter of the chairman of Samjeong Group.

“What is it that makes you so jealous?”
“Secretary Park supported the establishment of Taean Electronics. Now that I’m done eating government food, I want to run my own company with peace of mind.”

The second daughter of the chairman of Samjeong Group looked pitiful at her husband’s words, but then calmed down.

“Honey, the reason you can be my father’s son-in-law is because you are the chief prosecutor of the Republic of Korea. In my opinion, you are not a businessman.”
“Are there people who are born with a knack for business from the beginning?”

The second daughter of the chairman of Samjeong Group unconsciously thought of Ji-seong when she heard her husband’s words.

‘My nephew is such a cute cat.’

The important thing here is that the second daughter of the Samjung Group was a wise businesswoman who knew her place well.
He had been guessing who was on the mind of his father, the chairman of Samjeong Group.

‘Father is really pushing Ji-seong properly.’

So, the second daughter of the Samjung Group knew that when she stood in line, she had to stand in line for the president of Samjung Electronics and not for her other brothers, and that she would get more things if she did so.

‘You took care of me more than my other brothers.’

From a young age, the president of Samjung Electronics gave many things to his younger siblings. In contrast, his other two older brothers were only greedy.
The second daughter of the Samjeong Group knew very well that habits formed at the age of three last until the age of eighty.

“If you just stay still, you will become a deputy chief prosecutor, then a district prosecutor, and then a senior prosecutor. Why do you want to take the difficult path when you can take the easy path? Just do what you are good at.”
“I can do it too.”

He was the husband of the second daughter of the chairman of Samjeong Group, who was a tantrum maker.

“If you keep doing this, you’ll get called in by your father and get scolded again. How much money did your father spend to make you the prosecutor general? You can’t do this.”
“Really not possible?”
“What can’t be done, can’t be done. And what about Director Park? To your older brother-in-law. When you’re with your father, if you speak to him in a way that disrespects him even a little, it won’t only be you who will be criticized by your father, but it’ll also be difficult for me, so be careful.”
“You were the chief secretary.”
“You are the eldest son-in-law of Samjeong Group now, and if you look at it that way, you were just a high school student preparing for the bar exam. If I didn’t like you, would you have become the youngest son-in-law of Samjeong Group? Well, you would have been an ordinary prosecutor. But you wouldn’t have been able to enjoy life as much as you do now. Honey, you only act like a fool in front of me. And now you have to act your age.”

The second daughter of Samjung Group treated her husband like a child, and her eyes were filled with love even when she said something to him. So, the second daughter of Samjung Group is a mother of many children, and she is probably destined to spend her whole life comforting her immature husband.
So, even if he passed the bar exam because he was smart, whether he was wise or not is a different matter. And perhaps the second son-in-law of the Samjeong Group is a lucky man who lives a life that is the envy of nothing in the world.

why?
Because you can just enjoy it without any responsibilities.

“The prosecutor’s office is so suffocating.”
“No one will say anything to you, so why are you suffocating? Just live as a righteous prosecutor like you are now. You never know, your father’s idea of ​​the pinnacle of your career might not be the prosecutor general. Let’s just take what’s given and not be greedy. Okay?”
“Okay. Can I change cars this time?”
“Of course it is. Hahaha!”

Anyway, the second daughter of the Samjeong Group intended to maintain a friendly relationship with Ji-sung.
He was a businessman who knew his place and thought that he only needed to inherit Samjeong Department Store.

* * *

June 3, 1993, Pacific Investment Corporation office.

“Uncle, how is the atmosphere in Germany?”

Germany has only been unified for a few years now, and is suffering greatly from the aftereffects of unification.

“It seems like everything is in disarray. And the German government keeps raising interest rates. The resulting inflation is causing serious conflict between the East and the West.”

Germany’s economy has been in decline since unification, and its society is in turmoil due to serious East-West conflict.

“The gap between rich and poor has widened, hasn’t it?”

East Germans are being pushed out of the capitalist race.
Accordingly, dissatisfaction is only growing.

“Yes, I have once again confirmed through this business trip to Germany that human habits and inertia are truly frightening.”
“I think so too.”

After unification, East German people expect the government to solve everything, so they lose competitiveness.
It’s getting poorer and poorer.

‘Anyway, if the German government keeps raising interest rates, the UK will also have to raise interest rates on the pound, hahaha!’

I have already invested in shorting the British pound.
Everything will be taken care of by George Soros’ fund and the hedge funds that George Soros has worked with. I just have to make a profit.

“It will probably take another ten years for Germany to become economically and socially stable.”
“Then what happened to the thing you left behind?”

My great-uncle smiled at me as I spoke.

“Although it was excessive, we decided to monopolize the use of MP3 playback technology. The price for exclusive patent use requested by the German research institute was 5%, but we ultimately agreed to provide 3%.”

3% is pretty reasonable.

Episode 43