He is Already a Tycoon at a Young Age! - Chapter 58



Only Krnovel

#058

September 1, 1993, Pacific Investment Corporation office.

As the expiry of the large-scale short sale of the British pound by U.S. hedge funds came to an end, the investment managers and employees of Pacific Investment Corporation were all in a celebratory mood.

“In the end, just as the Fleet Road investment manager and the director had expected, the British financial authorities gave up.”

Team leader Lee Seo-jin spoke to me with a bright expression.

The biggest contributor to today’s investment performance is investment manager Hamdaegil. Of course, even if investment manager Hamdaegil had not suggested it to me, I would have made the investment on my own.

‘Actually, they are lucky.’

They were just small sailboats floating on the vast ocean of investment, but when I recruited them, they became large, sizable ships. I even became a bright lighthouse to keep them from getting lost or running into reefs.

In some ways, I could say that I eat it raw. But I can’t do everything by myself, so I always need helpers.

“How much is the return on your investment?”

“It’s 350 billion won. And with the British financial authorities waving the white flag to a large US hedge fund alliance, there is a high possibility that the time when Europe will move towards the European community it seeks will be delayed.”

“That’s right. It will delay the unification of the common currency of European countries.”

“Yes, that’s right, Analyst Kim Eung-soo.”

After Team Leader Lee Seo-jin answered me, I looked at Analyst Kim Eung-soo.

“It has been analyzed that the realization of the European Economic Community to counter the US economy may be delayed for at least 2-3 years. In addition, George Soros, who moved the US hedge fund this time, will be called the enemy of the UK. And although George Soros and your Pacific Investment Corporation have not officially joined forces, George Soros will check the short-selling investment of Pacific Investment Corporation and will be interested in it.”

“Of course, all the blame for the British government and the British people goes to George Soros, who led short selling in the US hedge fund industry, while I quietly made a profit of 350 billion.”

“Yes, and George Soros would be interested in one of two things.”

“Either they’re the enemy or they’re an ally?”

“That’s likely. Along with that, the British financial authorities are also likely to closely examine Pacific Investment Corporation, an American investment corporation.”

“There is nothing the British financial authorities can do about it.”

Anyway, the US hedge fund association and the British financial authorities will know that I and Pacific Investment Finance participated in the British pound short sale, but almost no one in South Korea will know.

‘Come to think of it.’

There are many excellent businessmen in the Korean financial world, but there are no investors who have achieved real results. I will probably be the first.

I don’t think there will ever be an investor who surpasses me.

“Anyway, everyone worked hard. Now my capital has exceeded 1.4 trillion won.”

“Sir.”

Investment manager Han Jun-ho called me.

“Yes, investment manager Han Jun-ho.”

“Am I right in thinking that out of that 1.4 trillion, there isn’t even 1 trillion?”

“Yes, Taean Telecom will actively participate in the privatization of the mobile communications division.”

The amount of money I can invest is 300 billion.

“Then the amount of money that can be invested on a large scale would be 300 billion.”

“300 billion is a huge amount of capital.”

Investment manager Jongseo Park, who always keeps quiet and does his own work, said to Investment Manager Junho Han.

“Yes, it is the largest in the country both personally and in terms of investment corporations.”

“Sir, if 300 billion won is not enough for investment funds, you can think about LA Pacific Capital, which you established before.”

I established LA Pacific Capital through Pacific Investment Corporation, which was established in the United States through my great-uncle.

The main purpose of establishing Pacific Capital was, of course, to help Koreans in LA who lost all their assets in the LA riots and to carry out capital business from the US.

So, Jongseo Park, the investment manager in charge of banking-related work and investments, is checking with Pacific Capital and relaying my instructions.

“Pacific Capital, established in the United States, will be utilized for other purposes.”

“The other side?”

“Yes, when the mobile carriers are privatized, Taean Telecom will use Pacific Investment Corporation and Pacific Capital to secure acquisition funds.”

Currently, Taean Telecom’s stock price has exceeded 120,000 won.

I own 71% of the shares.

‘To secure acquisition funds.’

I plan to secure approximately 800 billion won in acquisition funds by transferring shares to South Korea Pacific Investment Corporation.

The remainder will be raised by Pacific Capital, which is conducting capital business in Los Angeles, USA.

“Oh, so there is a way like that.”

“Yes. Of course, the acquisition funds will be secured by selling my 20% stake in Taean Telecom to the two corporations.”

Even if I do that, Pacific Investment Corporation is still mine.

There is no problem as I also own Pacific Capital in LA.

“By the way, how much deposits have been brought into LA Pacific Capital?”

“It is currently worth about 55 billion won.”

“We are still a long way from our goal.”

“The Korean community in LA is only now recovering from the aftermath of the riots.”

That’s right.

“That’s true.”

“I think it was thanks to you that 55 billion won was deposited at Pacific Capital. During the LA riots, you told me to establish Pacific Capital in LA on a grand scale. At that time, we supported Koreans, so Koreans deposited money in Pacific Capital instead of large American banks.”

In fact, if you think about it, LA Pacific Capital should be viewed more as a savings bank than a bank.

“The target deposit amount by 1997 is $5 billion.”

Investment manager Jongseo Park shook his head at my words.

“Sir, it is not easy with Pacific Capital’s current size.”

“Investment Manager Jongseo Park, I don’t aim for easy things.”

“Yes, I know. You always do. I will make sure that we reach your deposit target as much as possible.”

“Yes, so now we are expanding Pacific Capital, which was previously centered in LA, to the entire United States.”

You cannot reap the fruits of success without bold investment.

“Yes, I understand.”

“Is it today?”

I saw my great-uncle, the president of Taean Electronics, who has not said anything until now.

“Today, the president of GL Electronics will despair again.”

Today is the day that Samsung Electronics, after repeated failures, is releasing its first successful color LCD mobile phone on a large scale.

“Jisung, every broadcasting station will broadcast TV commercials endlessly.”

After my uncle told me, I immediately turned on the TV and changed the channel to a station that was showing commercials. The commercial that came on was for the color LCD mobile phone that Samsung Electronics had just released.

‘The president of GL Electronics will be shocked again.’

Because I lied through Director Kwon Hyuk-soo that it would be released on December 24th.

‘Now all that remains is the consumers’ reaction.’

Just because it’s a color LCD phone doesn’t mean it’ll be a success.

* * *

Office of the President of the Republic of Korea.

“The Russian-made T-80 tanks, armored vehicles, anti-tank missiles, and related ammunition, which are the results of the Bear project, were delivered to Taean Industry through the Port of Busan. And the Ministry of National Defense weapons experts have completed their inspection and are said to be amazed by the performance.”

The Secretary of Defense reported to the President, who looked satisfied.

“You said you were surprised when you checked the performance?”

Since the Russian government signed the arms and equipment export contract with Taean Industry, not the South Korean government, the recipient must be Taean Industry, not the South Korean Ministry of National Defense. And Taean Industry was to receive the import price when delivering Russian weapons to the South Korean Ministry of National Defense, and after deducting a 10% commission, it was agreed that another 10% commission would be deducted when sending the remaining amount to the Russian government.

“Yes, this Bear project is a great success. The test operation personnel arrived along with all the equipment including the tanks sent by the Russian government, and they said that there is no difference from the weapons and equipment actually deployed in Russia.”

“Are you saying it’s the same?”

“Yes, when we import weapons or equipment from the US, they send us weapons or equipment that are at least two levels lower in performance than those deployed by the US military, but Russia says they are the same.”

“Were you out of your mind in Russia?”

“It could be that, or it could be that they didn’t have time to replace the part because of the performance degradation.”

In fact, the Russian government sent the latest tanks and equipment from its warehouse by loading them onto a transport ship.

“That’s a good thing. I’m satisfied that the Bear Project I led has turned out well. But didn’t you say that the Yulgok Project is full of corruption the more you dig into it?”

The president’s gaze changed dramatically.

“We are investigating thoroughly.”

“Of course it should be. It’s not something that can just be overlooked.”

* * *

GL Electronics President’s Office.

“What’s going on? The release date for the mobile phone developed by Samsung Electronics was said to be December 24th!”

The president of GL Electronics shouted.

“I’m sorry.”

Director Jang, the closest associate of the GL Electronics president, even had a trembling voice.

“I asked why it happened, and I said I wanted to hear an apology?”

“Perhaps an industrial spy has been exposed.”

“so?”

“So I guess that’s what happened. Or else.”

“Or else?”

“I may have been deceived.”

“Are you saying that you intentionally spread false information?”

“That could be possible.”

“shit!”

“Sir, I don’t think the game is over just because Samsung Electronics released its mobile phone first.”

“You really don’t think so?”

“It’s a color LCD. I think the color LCD technology needs to be implemented properly. And it can’t help but be expensive.”

“That’s true.”

“So we need to bring forward the launch and introduce it to the competition. If we continue like this, we will lose market share.”

“What if we rush the release?”

“It will be available for sale in October.”

“We’re a month behind Samsung Electronics.”

“I will tell you to hurry as quickly as possible.”

“yes.”

“We lost in the kimchi refrigerator business and the refrigerator business, and if we lose to Samsung Electronics in the mobile phone business, it won’t just be me who’s in danger. Director Jang, you won’t be safe either.”

“I know very well.”

“Damn, I keep losing in every way, damn it!”

From this time on, GL Electronics was never able to beat Samsung Electronics in the mobile phone business and eventually withdrew from the mobile phone business.

Of course, this is something that only the intellect that knows the future knows.

Ring ring, ring ring!

At that moment, the phone in the GL Electronics president’s office rang loudly.

“Father will cause trouble again.”

The president of GL Electronics picked up the phone with a frown.

-Hello. Have you watched TV?

As expected, it was the GL Group Chairman.

“Yes, I saw the commercial.”

-Samsung Electronics is said to be releasing a mobile phone at the end of December?

“I’m sorry. I think there was a mistake in gathering information.”

-You weren’t fooled like that, were you?

“sorry.”

The president of GL Electronics, like Director Jang, had nothing to say other than an apology in this situation.

-Just keep in mind that if you lose to Samjung Electronics this time, my opinion may change.

“Oh, father.”

-I cut ties with my daughter-in-law so that I could take responsibility for what you did. That’s why I gained the eldest grandson, but if you lack management skills, I can’t help but think differently.

“father!”

-Hang up,

Stop!

The GL Group chairman was also very angry about this incident.

“Oh, shit, damn it-!”

He was the president of GL Electronics, who was being driven into a corner.

Episode 59