He is Already a Tycoon at a Young Age! - Chapter 47



Only Krnovel

#047

Rooftop of the Samjeong Electronics building.

I went to find Kwon Hyuk-soo, the spy planted by the GL Group.

‘My father would be quite shocked if he found out.’

When I told him to talk for a moment, Manager Kwon Hyuk-soo followed me to the rooftop, looking quite surprised.

“Isn’t the wind really cool?”

How should I bring it up?

He is my father’s friend, but he was also quite close to me. So, I feel a great sense of betrayal.

“what?”

“I thought you might be feeling depressed.”

“I don’t know what you’re talking about, Ji-seong. But the wind is cool, and there are still many things that are frustrating.”

He said he didn’t know what I was talking about, but his expression was filled with mixed emotions. I could sense the frustration in Manager Kwon Hyuk-soo’s eyes.

‘That feeling of frustration must be a feeling of regret towards my father.’

I am reminded of the Hong Kong movie Infernal Affairs that I saw in the future.

That’s exactly the situation.

Come to think of it, GL Group also has some pretty bad sides. Of course, Samjung Group is no different.

“Are you feeling suffocated?”

“Yeah, it’s a bit stuffy. Working in a conglomerate, it’s hard to breathe and it’s also stuffy. But since I’m up on the roof with you and feeling the breeze, I feel like I can breathe a little easier.”

“Hey mister, are you friends with my father?”

“Friend? Friend, friend. Friend. But why?”

“My great-uncle tracked down industrial spies on my grandfather’s orders, and I saw the files.”

At my words, Manager Kwon Hyuk-soo’s expression hardened.

“What, what did you say?”

“That’s why I came. You are my father’s friend, and my father also thinks of you as a true friend.”

“Hey, Ji-seong.”

“Was it hard? It must have been hard. When I looked into your personal records, I found out that you were a high school student. According to Mrs. Kim, who worked at your grandfather’s house for a long time, you used to come to our house with your father often since you were a college student, and we would eat and play.”

“Yeah, that’s right.”

“It was before then, right? You received support from the GL Group.”

“Uhm, ah······!”

“I’m worried about you and my father. Come to think of it, the conglomerate really is a bad thing.”

I personified the conglomerate itself.

“I heard that there is someone like you in the GL Group.”

“Then the boss must know too.”

“Father doesn’t know. I took the documents related to you.”

Once I started, the lies just flowed out.

“why?”

“I thought about what I would have done if I were you. I would have done the same. At first, I would have just been a scholarship student of the GL Group. But when the GL Group found out that you were close to my father, they probably ordered you to get information. Isn’t that bad, the conglomerate? They ensnared someone like you in a corporate war.”

“Why are you telling me everything?”

“I want to know your true feelings. Do you still think of your father as your friend?”

“It may sound like an excuse, but my mother was sick at the time. She needed surgery right away and I didn’t have the money. Then, I got a call from the GL Group that was supporting the scholarship. They told me to do some dirty work. It may sound like an excuse, but I had no choice. ···No, I guess I just took the easy way out. ···It’s better. I feel a little better now that I’m making an excuse to you. Ji-seong. I’ll go straight to your father, no, your CEO, and apologize. I’ll gladly take any legal action.”

“Don’t do that. You were used by the GL Group. Of course, your grandfather’s Samjeong Group is also doing this. I understand. Besides, if you and I just keep quiet, no one will know about this.”

“What does that mean?”

“I need to get revenge on GL Electronics for betraying my friend. Perhaps what GL Electronics asked of me was the release date of Samsung Electronics’ mobile phone sales.”

“The boss said over soju the other day that Ji-seong was really great, and it really is.”

“Your father drinks soju?”

“Why are you so surprised? You said that drinking a glass of soju with fish cake soup at a street food stall is your pleasure.”

“It would be nice to be there with you, sir.”

“Yes, that must have been true. I am the one who betrayed that person.”

“If you think so, then you should agree to the counter-plot for the sake of your father.”

“Half-scheme?”

“Yes, let’s say you’re releasing your phone on December 24th. You can just say you’re doing a big Christmas Eve marketing campaign on that day.”

“ah!”

“Even if GL Group is fooled like that, I can’t say anything out loud. I’m thinking of going to GL Electronics.”

“you?”

Another surprising person is Director Kwon Hyuk-soo.

“I know that infiltrating a competitor’s company with industrial spies is one of the company’s strategies, but hurting people’s feelings is the worst. Now, you can be free. Please stay quietly by my father’s side as a father’s joy. If you do that, you can get rid of the wrongdoings you’ve done so far. Of course, no one will know that you did anything wrong.”

“Hey, Ji-seong.”

“Everyone needs a place to breathe and a friend they can talk to without any reservations. My father is like that. ···And yet he asked me to do a counter-plot, knowing that. Samjeong Group is really bad.”

Without realizing it, I said that I was the same as Samjeong Group.

“Sir, even if you feel sorry for your father, please tell him after some time has passed. I think there will be plenty of time for that.”

“Okay, and I’m sorry. Also, you’re really great. You’ll be fine.”

It seems like the stuffy expression has lessened since we first came up to this rooftop together.

‘You’re just going to hit me with another punch.’

And I have to go to GL Electronics with my uncle. If I make the GL Electronics president even more furious, I will make a profit.

* * *

Samjung Electronics President’s Office.

“In the end, my brother-in-law said that it was because I was indecisive that Ji-seong was in a hurry.”

The president of Samjeong Electronics spoke to the president of Taean Electronics with eyes filled with mixed emotions.

“I’ve been feeling that way lately. I also think that the two older brothers can become successors to the group, just like the chairman, or rather, their father-in-law. As you know, the Samjung Group doesn’t have a rule of primogeniture. That’s why I think Ji-sung decided to help his older brother.”

“Jisung, it seems like I am very lacking in that guy’s eyes.”

“Rather than that aspect, isn’t the group succession war ultimately a battle for shares and capital? And realistically, the eldest brother hasn’t prepared anything yet. Of course, even if everyone prepares in their own way, the determination of the father-in-law will be the most important factor in the end, but even if he becomes the group successor like the father-in-law, it will be difficult to monopolize everything. It seems like Ji-sung is thinking about a situation where the two brothers tear the group apart and separate the affiliates.”

“So you’re going to stop it even then?”

“It seems like they are preparing diligently for that.”

“Okay, I guess I’ll have to show that guy Jisung that I’m a little more solid.”

“older brother.”

“Tell me.”

“I think it would be good if you just remembered that everything that happens from now on and everything Jisung did was for you, hyung.”

“It’s for my own good, but it’s also about protecting what’s yours.”

“That’s true. Then I’ll get up and go.”

The president of Samjeong Electronics also stood up in response to the words of Taean Electronics President Park Seon.

* * *

July 1, 1993, Pacific Investment Corporation Korea headquarters office.

“Sir, 625 billion has finally been deposited.”

The maturity date for investments in derivative products related to the decline in the Japanese Nikkei index was the end of June.

In the end, my derivatives investment was successful because the Japanese Nikkei index continued to decline as I predicted.

Thanks to this, they were able to secure a capital amount that would terrify people in the financial world if they knew about it.

“Team Leader Lee Seo-jin, thank you for your hard work too.”

“Thank you. I really didn’t know that I could succeed in derivatives investment. I didn’t know that I could make this much profit.”

“Everyone thinks so, and I think it’s time for us to rethink why this investment was successful.”

All the investment managers nodded to my words.

“I believe that the success of derivatives investments and the unimaginable profits they generated were due to the greed of Japanese securities firms.”

Investment manager Han Jun-ho told me.

“I think so too.”

“If Japanese securities firms had not directly entered into the contrarian investment, this level of profit would not have been made. Furthermore, investors shared the fact that Japanese securities firms had entered into the contrarian investment in advance. As a result, people made contrarian investments more actively, and their losses were maximized.”

“Yes.”

“So you’re saying that you illegally shared insider information?”

The Fleet Road investment manager looked at me and said.

“That’s right. In the end, you can conclude that you need to have accurate information to make a successful investment. Anyway, I ended up with a capital of over 600 billion won.”

Before this investment proceeds were deposited, 100 billion was deposited first as investment proceeds.

I have instructed that 50 billion of that be used to purchase Apple stocks.

“Yes, and our performance bonus is also huge. The bonus that is deposited into our bank account is unbelievable.”

I promised a 3% performance bonus if the investment was successful.

‘Because roughly 4.5 billion was deposited per person.’

If you add the performance bonus paid last time, it will be over 5 billion won. It is a huge amount of money that would make someone say they would quit if the employment contract did not include a toxic clause.

“I feel like I’ve become really rich. Hahaha!”

“That’s right. It hasn’t even been a few months, but they’ve already paid out over 5 billion won in performance bonuses. If there were no toxic clauses, there would have been people who wanted to quit.”

I spoke to four investment managers as if I was looking at them, noticing their idiosyncrasies that were translucent to my eyes.

‘Not yet.’

The results of the last investment we made together last time will come out in September.

There, too, at least 300 billion won in revenue will be generated.

‘One trillion is enough.’

I think I have enough money to get my hands on a news agency.

“Analyst Kim Eung-soo.”

“Yes, sir, I have finished analyzing the Onsegye Communications that you asked me to check and analyze.”

“Let me hear it.”

When analyst Kim Eung-soo suddenly started talking about Onsegae Communications, everyone’s expressions changed.

“Before I tell you about the analysis of Onsegae Communications, I have something to say. If the analysis is correct, the pager business will be closed within five years.”

“A business that will fail within 5 years?”

“Yes, the pager business will quickly become unpopular with consumers as cell phones become more widespread. To check the information on the pager, you have to find a public telephone. However, with cell phones, you can contact and talk anywhere as long as the signal is good. Therefore, it will not prosper for more than five years. Therefore, I don’t think acquiring the pager company of Onsaesang Telecom is a good choice.”

Episode 48