He is Already a Tycoon at a Young Age! - Chapter 55



Only Krnovel

#055

“We will begin analyzing the IT industry.”

Chief Analyst Kim Eung-soo, who had been silent until now, spoke to me.

“Responsible Analyst Kim Eung-soo.”

“Yes, sir.”

“When analyzing the U.S. IT industry, don’t look at numbers and data, but consider growth potential.”

“I don’t think that’s my area.”

“No?”

“I think my job is to accurately analyze data. I think the part where you use the analyzed data to imagine things is the job of the director or the investment manager. Since the director can do that, he is the boss of all of us.”

The title ‘boss’ came out for the first time from the mouth of Chief Analyst Kim Eung-soo.

“Boss?”

“That’s what they all call it on Wall Street.”

In America, the head of a mafia organization is also a boss.

The CEO of a company is also a boss.

Of course, the hedge fund manager is also a boss.

“Okay, I understand. I’ll do what I have to do.”

“thank you.”

* * *

GL Electronics President’s Office.

“Taean Communications?”

“Yes, sir, Taean Communications’ stock price is skyrocketing as soon as the company name is changed to Taean Communications. Along with that, the list of major shareholders of Taean Communications has changed, and the largest shareholder of Taean Communications is Jo Ji-seong.”

“George Sung? Ji Sung?”

The president of GL Electronics immediately frowned.

“yes.”

“What is the current stock price of Taean Telecom?”

“Before the name change, it was 1,200 won, but as of today, the stock price is 1,420 won.”

The upper limit at that time was 12%. So it has risen to just before the upper limit.

“It’s just before the upper limit.”

“The fact that a company with the name Taean is a subsidiary of the Samjeong Group has spread to individual investors. As a result, the stock price has risen due to the name.”

“Taean Communications, Taean Communications!”

The president of GL Electronics frowned.

“Samjeong Group’s real goal was to be a telecommunications company.”

The stock price of Taean Communications immediately rose as the company changed its name to Taean Communications. And this rise created the legend of 27 consecutive upper limits.

* * *

Samjeong Department Store President’s Office.

“Who are you standing next to?”

The chairman of Samjeong Group visited his youngest daughter, President Cho Hee-sun, and asked her a straightforward question.

“yes?”

“I heard that your second brother suggested you start a credit card business, and you said you would start a department store card business right away?”

“Yes, he told me to cover the discount portion by collaborating with credit cards. He said that since sales are increasing, there is no loss in covering the discount portion.”

“That’s not entirely wrong.”

“But Dad, I don’t want to be a tricky bear.”

“So the siblings, who are so ugly, are going to compete in the credit card business?”

“No way?”

“Heesun, if you leave Samjeong Group, do you think you can survive on your own? Without your brother’s help?”

“Dad, don’t you think I’m pretty?”

“Tell me.”

“I am confident.”

The chairman of Samjeong Group nodded at his youngest daughter’s words.

“Do it. Go ahead and try it. There’s no law that says a woman can’t become the head of a conglomerate.”

Samjung Department Store President Cho Hee-sun couldn’t hide her surprised expression at the words of the Samjung Group Chairman.

[Grandpa, there’s no law that says a woman can’t become the head of a conglomerate.]

[Is it okay if the third-generation leader of the Samjung Group is a woman?]

[No, that’s not it. I think that my aunt can grow Samjeong Department Store into a distribution group. In order to do that, a division separation is necessary.]

[To my ears, it sounds like you’re being very intelligent and wanting to help.]

[My aunt decided to take my side.]

The chairman of Samjung Group thought of Ji-seong when he saw his daughter, Cho Hee-sun, president of Samjung Department Store.

‘You’re preparing meticulously, step by step, haha!’

* * *

Three days later, in the Samjung Group chairman’s office.

“Taean Communications was established as an investment by Pacific Investment Corporation. It is said that all of the invested funds were used to repay Taeean Communications’ corporate loans, as Pacific Investment Corporation’s stake as the largest shareholder increased to 76% through a third-party paid-in capital increase.”

The chief secretary of Samjeong Group reported to the chairman of Samjeong Group about Taean Communications.

“Taean Communications?”

“Yes, along with that, Taean Telecom is rumored to be a subsidiary of Samjung Group in the stock market, and its stock price is rising every day.”

“How much did it rise?”

“It has hit the daily upper limit for five consecutive days up to today. When Ji-sung became the largest shareholder of Taean Telecom, the stock price was only 1,200 won, but the stock price will continue to rise.”

“People in the business world must be saying that I am drooling over the news agency.”

“That’s true. In that sense, Taean Telecom’s stock price is skyrocketing.”

“Chief Secretary.”

“Yes, Chairman.”

“Do you think Ji-seong will come to see me today?”

“yes?”

“He’ll come to me with Taean Telecom stocks, and he’ll still have some left over, hahaha!”

“yes?”

“Taean Telecom’s competitors in the privatization war of Korea Telecom’s mobile communications division are all the size of whales, so in that sense, Taean Telecom is just a shrimp.”

“That is true.”

“That guy Ji-seong is thinking of growing his body. After growing the body of Taean Communications, which looks like a shrimp, he’s thinking of going after whales. Hahaha, he’s going to use me too.”

dripping!

Then there was a knock.

The secretary came in cautiously.

“Chairman, Mr. Ji-seong has come to see you.”

At the secretary’s words, the chief secretary of Samjeong Group looked surprised and astonished at the foresight of the chairman of Samjeong Group.

‘I told you, not just anyone can become the chairman of a conglomerate.’

“See, I told you Jisung was coming today. Hahaha!”

* * *

“What’s happening today?”

“I came here to suggest two things to you, Grandfather.”

“Two this time?”

“yes.”

“What is it?”

“I hope that the Samjeong Group will build a general hospital with active support.”

“General hospital?”

“yes.”

“The hospital business cannot be a profitable business.”

“If you think about making money with the general hospital itself, the common people will curse you.”

“Are you saying I should be the one getting cursed at?”

“No, that’s not it. I wish my grandfather would establish Samjeong Medical Center as a donation project.”

“You want me to build it? That means you want me to build it for you, why?”

“I think the future growth businesses are biopharmaceuticals and battery businesses. Of course, the semiconductor industry should be at the center of them.”

They have not yet entered the semiconductor business.

This is different from the future I know. There was an opportunity to acquire Korea Semiconductor, but I persuaded my grandfather and tricked my father into leaving it to GL Electronics.

‘The last train hasn’t left yet.’

The end of the semiconductor industry’s greatest recession was the time when the IMF foreign exchange crisis hit South Korea.

Companies that are judged to be uncompetitive will be consolidated at that time. That will be the last opportunity to enter the semiconductor industry.

“Pharmaceutical, bio and battery business?”

“Yes, once Samjeong Medical Center is established, we plan to establish a bio research center and a new drug development research center under the medical center.”

“Samjeong Group is jumping into the pharmaceutical business?”

“Until now, Korean pharmaceutical companies have made and sold vitamins, health drinks, or purchased patents from foreign pharmaceutical groups to sell drugs, but Taean Pharmaceutical will develop new drugs.”

“Jisung, just because you want to do it doesn’t mean you can do it. It’s not that South Korean pharmaceutical companies don’t want to develop new drugs.”

“It cost a lot of money, so I couldn’t even think about it. That’s why I only looked for easy ways. The pharmaceutical and bio industries can’t bear fruit without investment.”

“What if I don’t build a general hospital?”

“I have to go to my father. What I need is my reputation.”

At my words, my grandfather, the chairman of Samjeong Group, looked at me with a dumbfounded expression and laughed.

“Do you have money?”

“yes.”

“I’ll look into that first. And then?”

“Please buy me some stocks.”

I took out the contract transferring 5% of Taean Telecom shares from my bag and handed it to my grandfather.

‘If it is 5%, it must be registered in the list of major shareholders and disclosed.’

If it is made public that one of Taean Telecom’s major shareholders is the chairman of Samjung Group, Taean Telecom will be equipped with a rocket engine for its stock price to rise.

“I knew you would do this. Can you take responsibility?”

My grandfather looked at me fiercely for the first time in a while.

“If Taean Telecom is eventually selected as the privatization operator when Korea Telecom’s mobile communications division is privatized, everything will be resolved. My grandfather thinks that individual investors may suffer losses because Taean Telecom’s stock price is skyrocketing, but I think that investment is always a choice and the results are up to the person who made the choice. And I am confident that we will succeed in being selected as the operator for the privatization of the mobile communications division.”

“What if it fails?”

“The stock price of Taean Electronics, which had been soaring, will plummet. The stock price rises due to expectations. When those expectations disappear, it will plummet. I think that is also the lot of those who choose.”

“So you’re saying you’re not responsible?”

“My responsibility is to reflect the interests of shareholders to the fullest extent. And Taean Telecom has a hidden card that no one knows about.”

“Hidden card?”

“yes.”

“What is that? If you want to put my name on Taean Telecom’s major shareholder list, you have to tell me what the card is, since I have to choose whether or not to become a major shareholder.”

“Yes, Grandfather, no, Mr. Major Shareholder.”

“Haha, candidate for major shareholder?”

“Yes, from now on, I am not your grandson, but I am proposing to investors as the largest shareholder of Taean Telecom. As I said, if your grandfather refuses, I will visit the president of Samjung Electronics again. It may not carry as much weight as the title of Chairman of Samjung Group, but the title of President of Samjung Electronics also has considerable destructive power.”

“If you do that, you’ll tell the GL Group chairman that you’ll go see him too.”

“I never threatened you like that.”

“Okay, so what is Taean Communications’ hidden card?”

“The company that was the predecessor of Taean Communications was originally a company specializing in electrical and electrode coating. After the founder passed away, the second generation took over the management and eventually handed the company over to someone else, but the founder’s afterglow still remains.”

“Your introduction is long, which is unusual for you.”

“Yes, that’s right. Taean Communications’ hidden card is new materials. Mr. Chairman of Samjung Group, do you know about graphene, which is called the dream new material?”

“Graphene?”

It’s not like everyone knows who the group president is.

“Yes, I looked into it and it says it conducts electricity 100 times better than copper.”

“okay?”

Grandfather has a look of disbelief.

“It is said to be able to move electrons 200 times faster than single-crystal silicon, which is mainly used as a semiconductor, so it is a revolution in itself.”

“Really?”

“I don’t lie to anyone.”

“If that’s true, then it’s a great new material.”

“Yes, and I was also surprised to learn that it is over 200 times stronger than steel. It also has a thermal conductivity more than twice that of diamond. Finally, it is easy to change shape. It does not lose its electrical properties even when stretched or bent.”

Episode 56