The Highest Level Son of a Chaebol Family - Chapter 410



Only Krnovel

410. You are the right person for the job.

dump.

President Shim sat down.

The teacher smiled with a playful face.

“That would be great. You are receiving the Lord’s great favor!”

“Khuuuuk!”

The one who raised his thumb was a horse’s head.

“Hehehe, to achieve the dream of becoming the chairman of the board of directors so easily! As expected, taking care of your first-choice aide is on a whole other level.”

“Ahhhhhh!”

Why did President Shim’s voice get louder every time I offered my congratulations?

“Oh my, why are you crying on such a beautiful day? Ohohoho, stop, stop!”

“Hey, leave him alone. When a man’s long-held wish comes true, all he can shed are tears of joy.”

“What can I do? No matter how you look at it, there is no one more suitable than President Shim.”

Bam!

President Shim got up from his seat.

He glared at the five big names from the previous generation who were laughing quietly.

“Are you having that much fun?”

“Did you get a lot of tea?”

“Okay. Let’s have fun together.”

President Shim laughed, “Woohoohoo.”

The meaningful laughter mixed with venom and a hidden agenda was accompanied by the muttering, “I can’t be the only one who gets hurt!”

President Shim bowed politely.

“In accordance with Your Majesty’s wishes, I will gladly accept the position of Chairman of the financial holding company Baji to be established in Japan.”

oh!

“Then, to commemorate my appointment as chairman of a financial holding company, I would like to first make a proposal regarding the composition of a team of executives who will take charge of and lead the affiliated companies.”

“… … !”

The five biggest names in the series were startled from laughter.

The laughter suddenly stopped except for President Shim, and I looked back at President Shim with anxious eyes.

Whatever.

“Anyway, isn’t the establishment of this Japanese financial holding company a business that has a very deep connection to the Jeong family?”

“Because the Jeong family’s private loan business was the foundation.”

That was the reason why I created this place today.

After deciding on President Shim’s future, the plan is to distribute the related businesses among the five major players.

President Shim let out a low, “Woohoohoo,” and his laughter grew even deeper.

“I would like to recommend Songgolmae in Myeongdong as a bank manager.”

“Ohhh!”

A color came to the teacher’s face.

“Aren’t you someone who already has experience in establishing and operating a major bank in Korea?”

President Shim glances at his teacher.

“I can’t think of anyone better suited to lead the Bank of Japan, one of the world’s leading financial institutions.”

“President Shim… … .”

It was my teacher’s dream to take charge of a bank, especially a Japanese bank that he was gritting his teeth at.

When the teacher clasped his hands together in gratitude, President Shim added in a teasing tone.

“Of course, I expect there will be many difficulties in running a bank.”

“hmm?”

“There is no way the Japanese government would just hand over a perfectly good Japanese bank, right?”

“……uh?”

“If we are going to hand over the bank anyway, wouldn’t we take the bank with the most bad debts, the worst reserves, the most overdue loans, and the least amount of collateral to liquidate?”

“… … .”

The teacher’s face, which had been bright and cheerful, suddenly darkened.

The more this happened, the brighter President Shim’s smile became.

“This is a position that requires the weighty responsibility of growing a failing bank into a leading Japanese financial institution. I ask for your continued support.”

“… … .”

In short, it was a very long and difficult road ahead, with the road to normal operation being very long.

So, the teacher had no choice but to call out to President Shim urgently.

“No, hey, Mr. Shim… … !”

“Why? This is the long-cherished project of the Jeong family. Do you not want to take on the task?”

“that…….”

“It is a difficult path, a rough path, a arduous path. Are you going to leave it all up to the young master and ignore me?”

“The only way… …!”

“I learned all this from watching Master Jeong-hyeok. In just one year of JH Investment, this level of intimidation is nothing.”

President Shim smiled brightly.

“Accept it. While you’re at it, you should realize the Jeong family’s dream of advancing to the upper echelons of society and even the dream of becoming a bank president.”

“… … .”

dump.

The master sank to the floor.

“1 to 0.”

President Shim turned his attention to his next goal.

My eyes met with those of the rambling, rambling man who was rolling his eyes and measuring the angle of the water.

“A genius at gambling given by the heavens, a time-taker with exceptional judgment and a genius gambler with bold bets.”

“oh!”

“I would like to recommend Maljukgeori Maldaegari as the president of an asset management company.”

“Huh? You’re not the president of a securities firm?”

Maljukgeori Maldaega looked back at President Shim with a face that had lost all hope.

It was a face that seemed hard to believe, a look of confusion.

“This is not it!”

The head of the horse suddenly jumped up from its seat.

“No, I can understand why you handed over the bank to Songolmae in Myeongdong! The third financial sector is also a bank!”

“what?”

The teacher got angry.

“That was also established with great difficulty!”

The Korean government’s regulatory management of institutional finance must be quite strict.

There were many circumstances that were not conducive to the Master establishing the first financial sector right away.

The head of the horse asked with a gruff,

“President Shim, what about the securities firm? Whose role is that?”

“I think I’ll leave it to Jongno Geumchiat.”

“What? Jongno Geum-i-ppaaaal?”

The man with the long beard shouted with a look of injustice on his face.

“Investing in stocks is a legal form of gambling permitted in this country! So of course it should have been me!”

“Yes, that’s right.”

“Huh?”

“High risk, high return.”

“That’s my favorite word! Me, not him!”

“Isn’t investment fund management the perfect way to build an aggressive investment portfolio and increase returns? Including private equity funds.”

“……oh?”

“Asset management companies can also significantly increase returns through stock and bond investments.”

“Ohhh!”

Among the funds, there are stock funds, bond funds, mixed funds, and real estate funds.

“Then that’s good! I like it! Hehehe.”

It was when Maljukgeori Maldaegari was laughing out loud with joy.

Mr. Shim added angrily.

“Did you know that if you want to run an asset management company in Japan, you have to gather a lot of money from Japanese investors?”

“what?”

The laughter of the idiot who was talking nonsense suddenly stopped.

It was the face of someone who had heard words he could never have imagined.

“So are you saying that I should go around bowing and begging the Japanese to put some money into our fund?”

“Why not?”

“This can’t be happening!”

The sullen Maldari grabbed her hair and pulled it out.

President Shim added one more thing.

“What can I do? It’s the nature of the person who borrows money to end up complaining.”

“… … !”

“For your information, this is an asset management company that the Japanese government is handing over. It will have a lot of debt. In short, it’s like continuing someone else’s gambling game that they have already lost.”

“… … .”

dump.

Even the head of the horse, the head of the horse, sank to its knees.

It was a half-souled face.

“2 to 0.”

President Shim’s next target was the gold teeth in Jongno.

Jongro’s gold teeth flinched.

“Jongno Gold Teeth. A master of currency exchange and a leader in gold bullion distribution?”

“Well, that’s true, but what does that have to do with me becoming the president of a securities firm?”

Jongro Geum-tooth asked carefully.

“Could it be because the securities firm handles foreign exchange and bond trading?”

“That’s true, but isn’t there a more important reason?”

“Was there something like that?”

“A man’s dreams and romance.”

“… … !”

Establishing a foreign exchange bank or securities company was the dream of Jongno Geumtooth.

President Shim smiled broadly.

“Shouldn’t it be given priority to those who want to achieve their dreams?”

“… … For just that reason?”

“Why? Do dreams and romances seem funny to you?”

President Shim was moved to tears.

He was a man who achieved his dream of becoming the president of the company today.

His eyes narrowed as he looked at the gold teeth in Jongro.

“Since I have been loyal to the master, I will follow even the rough decision made by drawing lots. Why do you say the word ‘just’ when you are following a man’s dreams and romance?”

“Yes, gold teeth! Do you find dreams and romance funny?”

The teacher also joined in the shouting.

The teacher was also a person who achieved his dream and romance of advancing to Yangji and becoming the president of a Japanese bank.

The teacher pointed to the head of the horse.

“If you don’t like it that much, just swap with that guy!”

“Oh, no!”

Jongno Geumchi quickly saluted.

“I have already sworn to be your master’s footstool! If you dare to scold me, I will!”

“Oh, you have quite a strong ambition, don’t you?”

“Because that is my joy and my loyalty!”

Jongro Geumchi laughed loudly.

President Shim raised his thumb in a spiteful manner.

“That’s a great sentiment. Of course, you know that securities firms are subject to a lot of regulation and supervision from financial authorities.”

“……yes?”

The movement of Jongro Gold Teeth, who was rubbing his palms and laughing, suddenly stopped.

But President Shim’s words did not end there.

“In addition, unlike banks and insurance companies, securities firms are places where customers’ average assets are several times higher, and they are mainly used by the upper class. That means that to be in charge of investment-related consulting, you have to be quite professional.”

“S, no way… … !”

“Yes, you will have to study a lot. A lot, a lot, to the point where you can rival analysts.”

“… … !”

dump.

Even the golden teeth of Jongno have collapsed.

“3 to 0.”

It was when President Shim turned his attention to his next goal.

Mrs. Kkachisan Bang immediately raised both hands.

“I want to take charge of Nakamura Real Estate!”

Urgent words poured out without stopping.

“Establishing a real estate company is my dream and fantasy!”

Mrs. Kkachisan Bang flapped her hands as if she was fluttering her wings.

“I absolutely hate the insurance business! I made money with the Gangnam housewives and organized a social network, but that was done to sell real estate, not to do insurance business!”

Mrs. Kkachisan Bang screamed.

“If you tell me to go to Japan, where I have no connection, knock on every door and chat with housewives who don’t understand the language… …!”

“Who runs an insurance company like that?”

“… … That’s how I’ve been running it up until now?”

“… … .”

“It’s a tteotdabang and a bokdeukbang, though. Ohohoho!”

President Shim’s eyes narrowed as he looked at Mrs. Kkachisan Bang.

“Even if insurance salespeople work hard to sell like that, it would be difficult for insurance company presidents to work hard to sell like that.”

“Then what should we do?”

“We plan to do this on a large scale, targeting companies and institutions.”

Mr. Shim smiled and looked back at the skunk to the southeast.

“I heard that you have been known as the Japan expert of the Jeong family for over 10 years and have connections to famous figures in politics and business.”

“Me?”

“I think you are the right person to take charge of the insurance company, as you have been in the business of private loans for a long time and have a thorough understanding of the inside workings of Japanese companies.”

“Me?”

The southeastern skunk gulped.

“Let’s benchmark Berkshire Hathaway, run by Warren Buffers.”

“yes?”

“Rather than focusing on life insurance, non-life insurance, and third-party insurance targeting individuals, let’s focus on reinsurance, non-life insurance, and special insurance targeting institutions and corporations.”

“Huh?”

The southeastern skunk opened its eyes wide.

It was obvious at a glance that his mind was racing.

Mr. Shim added.

“The insurance business is Berkshire Hathaway’s cash cow. More than 70% of its assets and revenues are generated through insurance.”

Berkshire Hathaway was the largest insurance company in North America, focusing on corporate and corporate insurance.

“From small businesses and medical clinics to large-scale ports, semiconductor plants, crude oil plants, steel mills, logistics centers, and financial institutions.”

So it’s B2B.

“The contract unit is incomparably larger than insurance for the general public, and most contract periods are long-term insurance with a term of one year or longer.”

The insurance business was the foundation upon which Warren Buffer was able to become known as a world-class investor.

It was like taking out a super low-interest loan using an insurance float.

“What do you think? It seems better than I thought, right?”

“Are you okay?”

Mr. Shim and the Southeast Skunk looked at each other and smiled.

Ambition burned in the eyes of the skunk in the southeast.

“Japan is the world’s second largest economy, although not as large as the United States.”

“That means there are quite a few Japanese companies that are dominating the global market cap rankings, and it also means that Japan’s corporate insurance industry has a promising future.”

“I’m sorry, but I don’t think I can do it.”

“… … ?”

At the unexpected rejection, President Shim asked back in puzzlement.

“Why? What’s the problem?”