He is Already a Tycoon at a Young Age! - Chapter 73



Only Krnovel

#073

GL Securities VIP Reception Room.

“I heard that the Korea Exchange has launched a derivative product that allows futures investment reflecting the composite stock index. Is that true?”

There is probably no other product from which securities firms collect as much commission as futures investments or derivatives.

And if the securities firm does not directly intervene in futures investment or derivatives, there is no loss for the securities firm.

In short, from the securities firm’s perspective, it is a perfect commission business.

‘If there is anyone who makes money with futures or derivatives.’

There are people who lose money. Anyway, I came to GL Securities because I knew that the brokerage firm does not intervene in futures investment or derivatives sales.

‘but.’

There may be an occasional intervention.

If I were to invest in a derivative product related to a comprehensive stock index at GL Securities, I would secretly report that fact to GL Group Vice Chairman Koo Seong-mo.

‘For the chairman of the GL Group to ascend to the position of chairman.’

You have to break me.

So, we can drive Vice Chairman Koo Seong-mo like the former president of GL Electronics.

Therefore, investments must absolutely utilize the relationship between both parties.

And I already knew that something that I thought would never happen was going to happen.

‘South Korea’s composite stock index plummets.’

In South Korea, the stock index fell from 1,200 points to 400 points in a short period of time due to the IMF foreign exchange crisis.

Of course, a 400-point drop is not impossible given that South Korea is in a state of national bankruptcy.

But there is no one in the world other than me who knows that the composite stock index, which had fallen to 400 points exactly one year later, rebounded and surpassed 1,000 points.

Even when South Korea was first hit by the foreign exchange and economic crisis that started in Southeast Asia.

The majority analyzed that the South Korean economy, which was on the verge of national bankruptcy, was already finished.

‘however.’

Contrary to expectations, South Korea escaped the IMF system in just three years.

What should I call this situation?

For European countries, including the United States, this was a shock they had never experienced before.

When South American and Eastern European countries experienced economic crises and received IMF bailouts, it was impossible to overcome them.

“Our GL Securities is also selling derivative products, and these derivative products will be used as a means of risk management for our customers.”

A man who introduced himself as the head of GL Securities’ futures trading and derivatives division came out and greeted me.

‘We are familiar with trading futures, options and derivatives.’

To put it simply, a field transaction is a futures transaction.

And the areas of investment that I am best at because I know the future are futures trading and derivatives trading.

So, people on Wall Street in New York, USA, could not hide their surprise at the success rate of futures and derivatives trading of the US Pacific Investment Corporation.

‘It was possible to increase capital from $1 billion to $5 billion.’

It was possible purely because we knew the future.

Every time I had a successful derivatives trade, I bought shares of pineapple.

‘If Samjung Electronics and Taean Electronics grow further.’

He could have bankrupted Pineapple, America’s largest electronics company, but he was steadily buying Pineapple stock as an insurance policy.

Depending on the situation, Samjung Electronics and Taean Electronics may merge for positive expected effects.

There is no law that prevents an electronics company that has grown so large from declaring a hostile takeover bid against Pineapple, an American electronics company.

‘Samjeong Electronics and Taean Electronics, if I put my mind to it.’

Merger is possible at any time.

‘Samsung Electronics, the leader in white goods and mobile phone businesses.’

Taean Electronics has entered the music-related device and battery business!

When the two joined together, it was only a matter of time before they became the largest electronics company in Asia.

But even if the two companies merged, there was one missing puzzle piece: semiconductors.

‘Semiconductors are still GL electronics.’

What is certain is that GL Electronics is still holding up well.

But will we be able to survive until the IMF foreign exchange crisis hits?

That will probably be the chance to piece together the final missing puzzle piece.

“Customer, let me explain it simply. Futures trading includes hedging and speculative trading… … .”

The head of GL Securities’ derivatives division watched me, a VIP.

If you want to fool your customers and deceive them, you will have to explain things like this.

He must have already been aware of my special situation.

“There is arbitrage and spread trading. But if you wanted to study, you should have taken college classes. You shouldn’t have come here.”

I hope that the GL Securities officials, or rather the GL Group Vice Chairman, will report that I have a bold personality.

And you have to make them judge you as being reckless and having a tremendous sense of challenge.

‘That’s how it has to be.’

Because GL Group Vice Chairman Mo will make an opposing investment in the derivatives product I am planning to proceed with.

‘The purpose of this investment is.’

Acquisition of GL Electronics’ semiconductor division together with GL Securities.

Of course, to some extent, the goal is to maximize profits through successful investment in derivative products related to the comprehensive stock index.

“Oh, I’m sorry.”

The head of GL Securities Derivatives Division immediately apologized to me.

“Oh, boss.”

“Yes, sir.”

“How much money do you currently have on deposit?”

“As instructed by the representative, the initial amount is 100 billion.”

I say this again to remind you that I have a lot of money invested here.

At those words, the eyes of the head of the derivatives business division sparkled.

“Oh, sir, show me the contract designed by the derivatives manager who worked at the Chicago Mercantile Exchange.”

In fact, it is a derivative contract that I designed.

“Can you sign a contract like this? Let’s put in 100 billion won first. Hahaha!”

I deliberately smiled confidently.

‘I guess I have to look like a rich kid.’

Of course, all my actions and words will be reported to the GL Group Vice Chairman in real time.

“You said 100 billion?”

The head of the derivatives division asked me back with a frightened expression.

‘I have to throw something like this to surprise Vice Chairman Koo Seong-mo.’

The most important thing for me right now is to stimulate Vice Chairman Koo Seong-mo, who is called the matchmaker.

“Why are you so surprised?”

“Oh, no. Can I look over the contract?”

“You should do that.”

The manager looked at the derivatives contract with a nervous expression at the promise of an initial investment of 100 billion won.

“Can you afford 100 billion, sir? Or can GL Securities afford it?”

As I was about to turn the first page, I spoke as if deliberately ignoring the manager.

And all of this tone of speech will be relayed to GL Group Vice Chairman Koo Seong-mo.

“Ah… … That’s… … .”

The head of the derivatives business division trailed off.

I said, crossing my arms, trying to sound as cocky as possible.

‘There’s probably a CC camera too.’

Maybe Vice Chairman Koo Seong-mo of GL Group is watching through the CC camera right now.

GL Group Vice Chairman Koo Seong-mo is the illegitimate child of the GL Group Chairman. If the former GL Electronics President had not suffered enormous losses by being defeated by me, he would not have been able to set foot in the GL Group headquarters, let alone become the Vice Chairman.

[He served as the President of GL Motors Vietnam before taking office as the President of GL Electronics.]

[GL Motors?]

[Yes, it is a local corporation established by GL Group in Vietnam to enter the Southeast Asian motorcycle market.

However, they had a hard time because Japanese motorcycle companies dominated the Southeast Asian motorcycle market.

The person who was brought in at that time was CEO Guseongmo, and it is said that he achieved quite good results.

In particular, it was analyzed that hosting a soccer tournament called the GL Cup and making it like a competition between Southeast Asian countries was the key to success.]

GL Cup Southeast Asian Nations Football Tournament?

‘That’s not the GL Cup, it’s the Suzuki Cup?’

This has also changed.

However, the time of establishment was similar.

[Still, the motorcycle business cannot be the core business of the GL Group.]

[Yes, that was the case. But three years ago, the GL Electronics president was demoted to the US branch and I took over as the GL Electronics president, and the GL Group grew properly and the size of the group definitely increased.]

[If we have grown that much in a short period of time, we should consider creative accounting. What does Kim Eung-soo, head of the strategic planning office, think?]

[That is possible, but there is no way to check GL Electronics’ financial statements. In any case, he is said to be an excellent gambler. In some ways, if it were not for the illegitimate child, he would have taken over the core affiliates of the GL Group.]

[And as a result, he pushed out the eldest son and became vice president.]

[Yes, that’s right.]

[In the end, Vice Chairman Koo Seong-mo will have to defeat me to become the Chairman of GL Group.]

[In order to solidify the control structure, it is essential to secure shares in the GL Group. No matter how capable he is, there will be many major shareholders within the GL Group who will oppose him since he is an illegitimate child.]

[Then you must be in dire need of money.]

I am now giving GL Group Vice Chairman Kim two things he needs to think about and solve.

“If it is implemented as designed in the derivatives contract, the profit will increase by about 10 times. Can you afford it?”

“Huh? Ten times?”

The head of the derivatives division looked at me with a slightly surprised look.

“In the US and the West, futures trading is called the devil’s gamble, but it has to be to that extent to be called the devil’s gamble. Please ask someone who can handle it to review it. My one hour is a value that you can’t earn in your entire life.”

I spoke arrogantly on purpose.

“Oh, I’m sorry.”

At my words, the manager immediately stood up from his seat.

‘You must be cursing inside.’

As I said, I was really unlucky.

After all, the head of a business division is just an ordinary employee.

To be honest, I feel a little sorry, but I have no choice but to provoke the Vice Chairman of GL Group.

“I will bring you right away.”

I nodded to the manager and said,

“Put down what you are holding in your hand and go.”

“Oh, I understand.”

The manager answered me and placed the futures trading derivatives contract on the table.

‘Because I saw the first page.’

Because the first page clearly states that it is a derivative futures contract related to the Korea Composite Stock Price Index.

Anyway, the manager bowed to me and left in a hurry.

“Oh, Manager, why do you look at me like that?”

“no.”

“Did I act a little unlucky?”

“Actually, it was a bit unexpected.”

“There is a reason for everything.”

I looked around the VIP reception room while talking to Manager Oh.

‘It will be there.’

There will be CC cameras.

There is a high probability that GL Group Vice Chairman Koo Seong-mo is watching the whole situation.

* * *.

GL Securities President’s Office.

“100 billion, and you requested a contract worth 100 billion in the first round?”

The securities president couldn’t hide his surprised look.

“What are the key terms of the contract?”

“I’ve only seen the first page, but this is an investment in futures options related to the plunge in the South Korean composite stock index.”

“A crash?”

“I haven’t looked into the details, but it’s clearly a gift investment based on an index crash.”

At that time, Vice Chairman Koo Seong-mo of GL Group entered the GL Securities president’s office without knocking.

“Vice President.”

The president of GL Securities immediately stood up from his seat.

“What’s that kid doing?”

Currently, GL Group Vice Chairman Mo is more confident than anyone else.

And after receiving a report that Ji-seong had come to GL Securities, he immediately came from the group headquarters to GL Securities.

‘This could be a good opportunity. Hahaha!’