The Magician’s Memorial - Chapter 119



Only Krnovel

Episode 119 New Era (3)

After meeting with Chairman Kyung-Jun Jang, I moved to Captain Kang’s office.

The reason I met Chairman Jang was because of the current semiconductor acquisition, and an expert in mergers and acquisitions was in Captain Kang’s office.

“Dimon! “I need to quickly prepare for the acquisition of semiconductors.”

“oh! Are we finally taking over semiconductors? “I was waiting.”

“Not right now, but it will be up for sale early next year at the latest. “You can acquire it at a low price only if you do the preliminary work well before doing so.”

“I will prepare it myself.”

Dimon stretched loudly.

His face was full of energy as he had something to do after a long time.

For a moment, Dimon took out a newspaper with a serious expression.

“Today, the KOSDAQ index reached its highest point at 2834. The upward trend of IT companies is pushing the KOSDAQ upward.”

“Now that we’ve reached the peak, the only thing left to do is fall.”

“There were people who said that last month, even when it peaked two months ago. “We broke the record again.”

“I wasn’t the one who said that, right? “You can trust what I’m saying this time.”

The heyday of the IT bubble was now.

In order to get the best profit, it was right to sell the stocks now.

Even though I knew this, I started selling stocks at the end of last year.

That way you have an excuse.

In preparation for the future, it was right to dispose of it starting last year even if the rate of return fell slightly.

“I received a call from a team leader. “Japanese loan companies are already calling to tell them to prepare money.”

“It looks like the medicine has really healed.”

“We even received calls expressing concerns that we might not be able to properly honor our contract.”

“Who cares about whom? In just a few months, such a story will become apparent. “When that time comes, they will start avoiding our calls.”

The higher you fly, the harder it is to fall.

The IT bubble rose so high that it was truly sky-high, and fell several times faster than it rose.

“There is no need to worry about IT derivatives from now on. Rather, please investigate Hyunjae Construction first.”

“We will cooperate with Captain Kang to conduct the investigation. However, I did find several corners that looked quite dangerous at first glance.”

“The situation would have gotten even worse because we had a monopoly on large-scale projects carried out by the country.”

In the construction industry, only Taewoo Engineering & Construction was making a profit.

As the apartment sales plan was also collapsing, the construction industry was crying out loud, and even the current construction was no different.

***

A few days later.

My grandfather urgently called me to the president’s office.

“Did you see the press conference? Chairman Jang, I didn’t know this person would come out of the hospital room and hold a press conference directly. What are you doing with someone who is not in good health? “They’re not children, they’re random beasts.”

“However, since Chairman Jang himself held a press conference, the current group succession issue will be put to rest.”

In the end, Chairman Jang Young-joo’s voice was needed for the current group’s issues.

Therefore, Chairman Jang Young-joo, who had to stay in the hospital, even held a press conference to resolve the succession issue.

Although something similar happened before the regression.

The succession structure was organized much faster than before.

It was because Chairman Kyung-Jun Jang stepped down, and the conversation I had with him probably had a big impact.

“Chairman Jang, that person is really great too. “You leave behind a healthy eldest son and are handing over the group to your sixth son.”

“Wouldn’t it be difficult to say that you inherited the group? “Currently, automobiles and related affiliates are owned by the eldest son and are independent.”

“Hehe, it seems that no matter how much Chairman Jang is, there is nothing he can do about the inheritance issue. “The current group appears to be divided by the number of children.”

Currently, affiliates excluding Hyunjae Motors belong to the Hyunjae Group.

However, if Chairman Jang passes away, other children will naturally inherit.

The current group was bound to be split into at least 5 to 6 pieces.

Well, from Taewo Group’s perspective, it was a situation that was not bad at all.

“Congratulations. Taewoo Group has become the number one group in the business world.”

“I don’t know if this is something to celebrate. “The current group split up and we ended up taking first place.”

“We will make Taewoo Group a true number one within this year. “Even if we add all of the current groups that were split up, we will grow Taewoo Group so that it will not be mixed up.”

“Of course you should! “Isn’t it the behavior of a beggar to fill one’s stomach with food served by someone else?”

Even though my grandfather said he didn’t like it.

His face looked more lively than ever.

It was the moment when Taewoo Group became number one in the business world, surpassing Hyunjae Group, which seemed like it could never be surpassed.

Now it is our turn to do Mercury.

If the group is managed like it is now, it will be able to maintain its No. 1 position stably.

I had no intention of being satisfied with being the number one company in Korea.

***

The year 2000 was already approaching its midpoint.

Slowly, signs of the dot-com bubble began to appear in many places.

A team leader in the U.S. was so surprised that he flew all the way to Korea.

“The stock prices of IT stocks are fluctuating. In the case of Microsoft alone, known as the leading IT stock, its stock price has fallen by more than 40% in just a few months. And in the case of Amazon, of which we are a major shareholder, the stock price was cut in half. Apple’s stock price also fell by more than 50%.”

“IT stocks were cut in half just five months after reaching their highest point.”

January 2000 was the peak year for IT companies.

NASDAQ has risen more than 400% in a few years due to the IT craze.

But now that it reached its peak, people began to have doubts, and a team leader with excellent analytical skills was understanding the reason in detail.

“Most IT companies were not generating proper sales compared to their investments. “A lot of money has flowed into companies due to America’s low interest rate policy, but stock prices are falling because they are not generating profits as expected.”

“It is still premature for the IT boom. “Because the high-speed Internet network has not yet been properly established, there cannot be many users.”

“This time, the CEO’s idea was right.”

There was no need to make a fuss anymore.

Because it was just the beginning. It’s just half a piece.

In the future, the lower price limit will continue, and there will be an abundance of companies that go bankrupt instead of being cut in half.

In the case of companies with original technology, they would not go bankrupt, but they would experience a stock price decline of close to 90%.

“How will Wall Street react?”

“Of course there was a lot of fuss. “We are doing everything we can to sell IT stocks at a higher price.”

“It looks like we got a call too.”

“I received calls from companies that had acquired shares of IT companies from SAVE Investment Company. “They contacted me asking if I could buy back the shares at the current stock price.”

Now Wall Street knew.

The decline in IT companies’ stock prices is just beginning.

So, he wanted to sell his stocks even at the current price.

“If the price falls further, buy back the shares.”

“Are you saying we should buy back stocks of IT companies? “It is clear that stocks of IT companies will remain at their lowest price for at least a few years.”

“Even as a rough estimate, the stock prices of IT companies will remain sluggish for about 10 to 20 years. But in 20 years, it will be 100 times higher than during the IT bubble. So, we need to secure shares now. “This is the only opportunity to secure a large amount of shares.”

A team leader was lost in thought for a moment.

After a while, I finally finished organizing my thoughts.

“Do you think the proper Internet era will arrive in about 20 years?”

“It varies depending on the IT company, but the full-fledged IT era will take about 20 years. “The reason the IT bubble burst now is because it was too ahead of its time.”

“Isn’t it too long-term investment to already collect stocks that will only rise in 20 years? “It’s an opportunity to acquire a large amount of equity, but it leaves cash sitting idle for too long.”

“You can make money somewhere else. “Is it easy to keep in touch with Japanese loan companies these days?”

The corner of a team leader’s mouth shot up toward the ceiling.

“Some places are avoiding contact, and others are contacting me asking me to cancel the derivatives contract because they will pay as much penalty as possible.”

“I don’t know how someone can get hit in the same way twice.”

“You can often see this when you go to a gambling hall. “People get hurt not just twice, but 100 times.”

Human psychology is very mysterious.

The belief that since a hole came out this time, a pair will come out next time.

Since I lost last time due to a derivatives contract, I believe I will win this time.

Thanks to that belief, casinos make money, and I was able to make money too.

“There is no need to drag it out. “Anyway, if the stock prices of IT companies fall further, it will be difficult to get more money from Japanese loan companies.”

“There are many Japanese loan companies that will go bankrupt even if they are liquidated at the current stock price.”

“Wherever you want to liquidate, please liquidate.”

“There are quite a few lenders who believe that IT stock prices will rise again.”

“We should show hell to those people. “Please make me regret not clearing things up right now.”

Japanese loan companies were still active in Korea.

Fortunately, the Myeong-dong market was controlled by Lee Young-han, and the Myeong-dong trio were also keeping it in check, so they were not able to make as much profit as before the return.

In particular, Dimon was doing a good job of keeping things in check.

He used every means and method to disparage the image of Japanese loan companies, which led to a decline in the number of users of Japanese loan companies.

“boss! “Can I go to Japan this time?”

“Not this time. Sooner or later, a major accident will occur in Korea. Dimon should be in Korea.”

“Is the team leader alone in seeing such a wonderful sight? There are still several more months before Hyunjae Construction collapses. “I will take just one place and return to Korea.”

Current Construction was collapsing faster than I expected.

Before the regression, it was not until the second half of 2000 that the company ran into financial difficulties, but it was already struggling, perhaps because Taewoo Engineering & Construction controlled most of the construction projects.

“Hmm, then just go to one place. Instead, please bring Captain Kang and 50 bodyguards with you.”

“Isn’t that too much?”

“If you’re going sightseeing, you can go alone, but you’re going to collect a debt. And the other party is a Japanese loan company. There is a possibility that the Yakuza are encamped and waiting.”

“The moment they touch me, they move straight from the American embassy. Even knowing that, would a Japanese loan company act like that?”

“Is the Yakuza called the Yakuza for no reason? “They live without a back, so they make a living by doing gangster things.”

Dimon wanted to film the ending himself.

Since we’ve had a hard time fighting with Japanese loan companies, we should accept that much.

“All right. Then, I guess I should let Captain Kang and the staff go on an overseas trip for the first time in a while. “I will pay the airfare.”

“Are you really going to tell me not to go because of the cost?”

“That means I am sincere. “I have to go get ready right now.”

Dimon quickly ran out.

It seemed like he was afraid that I might tell him not to go to Japan.

“He was originally a very serious person, but I don’t know how he changed into that.”

“I think my personality has changed a lot since I’ve been with the CEO.”

“ah! And once the Japanese matter is over, it will be very difficult in the United States.”

“I am expecting it. “For now, they are bending over backwards to hand over their IT shares to us, but once the situation calms down to some extent, there is a possibility that they will try to shift responsibility for the IT bubble onto us.”

It was Wall Street that told me to sell my IT shares.

We simply handed over our IT shares at their request.

But when will hyenas ask why and bite?

If we weren’t going to fight them forever, we had to give them food to replace us.