He is Already a Tycoon at a Young Age! - Chapter 65



Only Krnovel

Episode 65

Episode 65

Jinkyung Group Chairman’s Office.

“What did you just say?”

“The real purpose of Pacific Investment Corporation, or rather Samjung Group, may not be to secure short selling profits, but to take over the three core affiliates of Jinkyung Group in their entirety.”

“That’s nonsense.”

“Mr. Chairman, if we exclude our company’s stock, the percentage of stocks held by the Chairman among the total stocks of the three affiliates is only 7.5%, and even including the stocks held by the group’s special affiliates, it is only 10%.”

“Our company’s stock is no different from my own, so why are you taking it away?”

“In the worst case scenario, uncontrollable stakes should be removed. Think about it. There was a massive short sale of 60 billion won in each of the three major affiliates. And the first attack was started by selling the stakes held by the chairman of the Samjung Group on the market.”

“So, the claim that Samjung Group is targeting my group’s three core affiliates by selling the shares it owns on the market is nonsense.”

“Mr. Chairman, the stock price of the three companies has only fallen by 12%. The news is being maliciously reported every day, and short selling alone amounts to 60 billion won. The reason it has only fallen by 12% is because someone is buying up the stocks that ordinary investors are throwing away.”

“Is that the Samjeong Group?”

“It’s Pacific Investment Corporation. Of course, no one knows how much they bought. The percentage of shares acquired under another person’s name is probably greater than the percentage acquired under Pacific Investment Corporation’s name. In addition, large Singaporean and American hedge funds are likely to engage in short selling. If that happens, the stock price will fall further, and the conspiracy will acquire shares in three companies.”

“Isn’t that just speculation?”

“No way. Besides, the media and public opinion are not on the Jin Kyung Group’s side right now.”

“That’s true.”

“You can attack through the news that it is unreasonable for the chairman to control the three core affiliates of Jin Kyung Group with the 7.5% stake he owns.” “Lee Jin-ho is now even removing the 2.5% stake held by special relations.”

“Even though the special relationship person is the chairman’s relative, he may side with the conspiracy forces without looking back when it comes to profit. If the conspiracy forces acquire more than 10% of the shares and demand a special shareholders’ meeting, a special shareholders’ meeting will be held.”

“so?”

“At that time, we may demand the separation of the three affiliated companies.”

Now, Chairman Jin Kyung Group’s expression is slightly hardened.

“Group separation?”

“Yes, that’s right. And Samjung Group has not entered the energy business yet. So Jinkyung Energy is bound to be coveted. Also, Samjung Group’s affiliated group is in competition with Jinkyung Videotape. If the two companies separate and become independent, Jinkyung Energy will eventually belong to Samjung Group or Pacific Investment Corporation, which can be called Samjung Group’s satellite investment corporation, and Jinkyung Videotape may be absorbed and merged into Samjung Group’s affiliated group.”

“Hmm, now that I hear it, it seems like this could be heading towards a serious situation?”

“It will be more than that. With this level of short selling, the stock price should have already fallen by more than 40%. The reason the stock price is still maintained is because there is a group of buyers, as I told the chairman. If foreign capital buys shares in the three affiliates of Jinkyung Group, there is a high possibility that those shares will be transferred to Pacific Investment Corporation.”

“So what’s the solution?”

“The urgent task is to confirm the extent to which Pacific Investment Corporation has acquired shares in the three companies.”

“What if you have acquired enough shares to demand a special shareholders meeting?”

“You must prevent the extraordinary general meeting of shareholders from being held.”

“If what Executive Director Lee Jin-ho said is true, then how can we stop it if we secure stocks by holding an extraordinary general meeting of shareholders?”

“There may come a point where a decision is needed.”

“What do I have to decide?”

“Samjeong Group is trying to get a telecommunications company through Taean Telecom. If you give that up, you can prevent the worst.”

“That’s nonsense!”

“Things could get worse.”

“Hey, Executive Director Lee Jin-ho, I will never give up on the telecommunications company no matter what the adversity.”

“Mr. Chairman, if the three affiliates are separated from the group, the group size will be reduced.”

“Even if the three affiliates are separated from the group in the worst case scenario, Jinkyung Group can become one of the top three conglomerates in South Korea if it just gets Jinkyung Telecom.”

During the previous president’s term, Jinkyung Group continued to grow and rose to the 5th place in the ranking of conglomerates in South Korea. In fact, the South Korean business community does not rank conglomerates by rank, but they subjectively think about the position of the group they manage. Of course, the ranking of conglomerates is based on total sales.

“Mr. Chairman, you must never lose Jinkyung Energy. The larger the economic scale, the greater the profitability of the energy industry.”

“I know that too.”

“Chairman, if the stock prices of the three companies that are currently falling suddenly become similar to the short selling standard stock prices, that will be the biggest crisis for Jinkyung Group.”

“Are you going to start making large-scale purchases?”

“Yes, you must prevent that from happening.”

Chairman Jin Kyung Group also nodded in response to Executive Director Lee Jin-ho’s words.

“Executive Director Lee Jin-ho, as the head of the emergency response headquarters, please check this situation.” “Yes, I understand.”

“If the Samjung Group keeps acting like this, they’ll become a public enemy in the business world? Damn it!”

They would be horrified if they knew that this was not being led by the Samjung Group, but by the young Ji-sung, the largest shareholder of Pacific Investment Corporation.

* * *

The office of the president of a medical joint venture, a subsidiary of Young Industrial in Bangladesh.

“He asks again what I just said.”

As Ji-seong had expected, under the instructions of the Chinese Navy’s General Headquarters, a Chinese ship-breaking company came to see President Park Hyuk, the representative of Young Industrial Company, and a Chinese interpreter interpreted what President Park Hyuk said and asked the Chinese side.

‘I should learn Chinese too.’

President Park Hyuk heard the interpreter’s interpretation and realized that learning a foreign language was essential for doing business. He was already studying English.

From President Park Sun-tae to President Park Hyuk, they were all geniuses with brains that were close to genius level, and had achieved significant results.

“They also came to know that the Bangladesh Shipping Company is owned by Young Industrial, so they are asking the ship-breaking company to sell both Russian aircraft carriers that it bought.”

The interpreter spoke to President Park Hyuk.

[The Chinese Communist Party will approach you through a Chinese private enterprise. You can then sell it for up to $700 million.]

[I get it.]

[And the ship engineers dispatched from Samjung Heavy Industries must secure technology through more aircraft carriers before that.]

[I guess I’ll have to buy some time for that?]

[Of course. As I told my uncle before, aircraft carriers are the culmination of large shipbuilding technology. In other words, if you just secure the deck technology, you can make more profit than the purchase price.]

At this moment, President Park Hyuk smiled as he remembered what Ji Sung had said. And the shipbuilding engineers and scientists who had been secretly dispatched from Samjung Heavy Industries had already begun checking to absorb the technology from the aircraft carrier.

“Sir, I’m asking how much you’d like to sell it for.”

“If you want to buy both ships, ask for a billion dollars.” “A billion dollars?”

The interpreter was even more surprised.

“Yes, because there are only two aircraft carriers left in the world where the Chinese Communist Party can survive.”

“The Chinese Communist Party?”

The interpreter was even more surprised.

“Don’t be surprised, just say a billion dollars.”

“Yes, I understand.”

Ji-seong asked President Park Hyuk to give him 700 million dollars, but President Park Hyuk asked the president of a private Chinese company for 1 billion dollars.

“They say it’s an absurd amount of money.”

“Then tell them to get out.”

“Boss, if I just convey it as is, it seems a bit odd.”

“Tell them you won’t sell it for less than $1 billion. Just tell them you’ll hand it over to Mitsubishi Shipbuilding of Japan.”

“yes.”

The president of a private Chinese company frowned as the word Mitsubishi Shipbuilding came out of the interpreter’s mouth.

“Please wait a few days.”

“Yeah, well, hahaha!”

President Park Hyuk was also a master of negotiation.

* * *

A week later, at the Pacific Investment Corporation office in Yeouido.

“Jin Kyung Group will be shocked because the stake in the three core affiliates of Jin Kyung Group currently held by Pacific Investment Corporation has exceeded 7.5%.”

Lee Seo-jin, head of the domestic business division, reported to me.

“How much of the shares were secured through a borrowed-name account?”

“It’s 11%.”

“Then I am older than the Chairman of Jin Kyung Group.”

“Yes, that’s right. Now, the Jinkyung Group will react and figure out your true intentions.”

“You’d be surprised if my stake was 18.5%.”

Of course, you wouldn’t know that I own 11% of the shares.

“Yes, and Taean Electronics also participated in securing shares in the three affiliates of Jinkyung Group. According to what I was informed, Taean Electronics secured a 0.5% stake in the three affiliates.”

Taean Electronics is a company whose president is my great-uncle.

“That’s what I asked. Taean Industrial, Taean Yanghwa, and Taean Media will probably also start acquiring shares. Those companies will take responsibility for about 2%. And if the negotiations with the staff member from the George Soros fund who will arrive tomorrow go well, I can kill two birds with one stone.”

“What if you say two rabbits?”

“You will become the owner of three companies in the Jin Kyung Group along with the short selling profits. It is absurd for a conglomerate head to control an affiliate with only a 7.5% stake in that affiliate. In two or three days, there will be a large-scale news report covering the problems of the conglomerates in South Korea.”

“Sir, if such news is reported, wouldn’t it cause problems for the Samjung Group as well?”

“It’s okay. The core affiliate of the Samjung Group is now Samjung Electronics, and I own 25% of Samjung Electronics. The Samjung family’s stake has now exceeded 50%.”

Lee Seo-jin, head of the domestic investment division, nodded in agreement with my words.

“By the way, what are the current stock prices of the three affiliated companies?”

“Based on short selling, it has fallen by about 2%.”

“I don’t think short selling profits will exceed 5%.”

“Sir, from the outside, it would appear that the Jinkyung Group has completely defended itself against large-scale short selling.”

“It doesn’t matter what other people think, because by now Jin Kyung Group has also accurately grasped the seriousness of the situation. And Director Lee Seo-jin.” “Yes, Director.”

“Depending on the situation, you should also consider a loss of around 9-10% of your short selling investment.”

The total amount of short selling currently in progress is 180 billion won. If you are prepared for a 10% loss, you will lose 18 billion won through short selling, but if you secure 30% of the shares of the three major affiliates of Jin Kyung Group as I planned, the stock price will rise by 10%, so you can make a bigger profit from the stock price increase.

“There may be a loss in short selling, but if you secure up to 30%, you can make a profit of more than 200 billion won. Of course, you have to sell the stock to realize the profit.”

“There is no need to sell, because Chairman Jin Kyung Group will soon be forced to make a decision.”

In fact, if Jin Kyung Group is selected as the candidate for the privatization of Korea Telecom’s mobile communications division while losing three key affiliates, the group will grow even larger.

‘but.’

There is no guarantee that you will be selected as a 100% winner.

If I make up my mind in that situation, Jinkyung Group will lose its three largest profitable companies.

‘I’m also curious to see which side Chairman Jin Kyung Group will choose.’

* * *