The Magician’s Memorial - Chapter 126



Only Krnovel

Episode 126 Before the Storm (5)

The end of summer.

It’s been a while since I left work early and watched the news while enjoying refreshments with my grandfather.

“Tsk, tsk, these days, when you turn on the news, all you see is North Korea.”

“The reunion of separated families is such an issue that it can’t be helped, right?”

“Reporters go to North Korea, and even politicians go in and out of North Korea. Hehe, it makes me think that this could really lead to unification.”

North and South Korea were showing a truly peaceful appearance.

North Korean movies were even released in South Korean movie theaters.

It was the time when separated family reunions and visits to Mt. Baekdu began.

However, the atmosphere of peace did not last long, and unification was just a dream that disappeared like a mirage.

“I think unification is difficult. This is only possible if the North Korean Kim family relinquishes power. “Can something like that ever happen?”

“Well, people don’t want to give up what they have.”

When I was having a good time chatting with my grandfather.

It’s been a while since I received a call from Myeongdong.

“I think I need to go out for a while.”

“Where at this time? Are you really going to meet a girl? Then let’s go quickly. “Go out quickly.”

My grandfather kicked me out of the house as if he was kicking me out.

However, contrary to my grandfather’s wishes, the person I met was Lee Young-han.

He was waiting for me in Captain Kang’s office, and I also saw the Myeongdong trio.

“Why are you all gathered in one place? Aren’t you the busiest people these days?”

“Thanks to the IT bubble, there are a lot of people trying to borrow money.”

Grandma Baek answered in a blunt tone.

Despite the way she spoke, she had a very good-looking face.

These were IT companies that had financial problems due to the IT bubble, and since banks no longer lent them money, they had to use third-tier financial institutions or Myeongdong private loans.

“But there are rumors going around that they are raising interest rates because Japanese loan companies have withdrawn. “You’re not?”

“I raised it very slightly. Don’t we have to eat and live too? “Still, they are lending money at close to half the legal interest rate.”

Chairman Kang spoke as if making excuses.

I didn’t say this to criticize them either.

If they had been charging interest like Japanese loan companies, I would have cut them off first.

Since half of the funds of the financial company they operated came from the SAVE investment company, I had no choice but to keep an eye on them.

“Business seems to be going well, so why did you come together in such a hurry?”

“Hyeonjae Construction came to me asking for a loan. “When we were rejected by the seniors, Chairman Youngjun Jang came all the way to Myeongdong to visit us in person.”

Younghan Lee delivered good news.

The news was that Hyunjae Construction was faltering and was on the verge of collapsing.

Since I couldn’t get a loan from a bank, I visited a major financial institution, and when that didn’t work, I must have even visited Myeong-dong.

“You didn’t lend me money, did you?”

“You told me never to lend it to you, so how can I lend it to you? “We’re not that loyal people.”

“Then that’s a relief.”

“We have issued a new request to all private loan sharks in Myeong-dong not to lend money to Chairman Jang Young-jun.”

If money flows to Youngjun Jang, it will be difficult.

First, there has to be the first bankruptcy, but then there will be time for me and Jang Kyung-jun to appear.

“I’ll probably borrow money somehow. “If Hyunjae Construction collapses like this, related companies will go bankrupt, so the government will not sit by and watch.”

“Then wouldn’t it be better to lend money with interest in Myeongdong?”

“I want to know where Youngjun Jang’s bottom is. “Where will he borrow money after being rejected even in Myeongdong?”

Youngjun Jang, Chairman of Hyunjae Group.

You need to know his bottom line, but it will be easier when acquiring current semiconductors in the future.

“Enough about Hyunjae Construction, it’s been a while since we last met. Shall we talk about what’s going on in the world? There are a lot of companies going bankrupt these days. Is there a problem? “The elders and Myeongdong experts are experts at harpsichord, but I’m a little worried.”

“There is no one in Myeongdong who borrows money and does not pay it back. “The people who go all the way to the underworld to collect money are the loan sharks of Myeong-dong.”

Lee Young-han’s eyes had changed a lot.

The eyes that seemed like a bully when I first saw them now felt like sharp knives.

“Even if it’s like that in Myeongdong, seniors, please be a little more considerate. “At best we came out in the sun, so shouldn’t we build a good image?”

“I’m still so frustrated. “I’m barely able to get the money by begging, which I would have easily received using Myeongdong’s method.”

They were a trio from Myeongdong who looked like they were going through a lot of hardships.

Although it is said to have come from a sunny area, the profits earned would have been less than in Myeong-dong.

Although it has the advantage of being able to play money for the entire population, it would not have been satisfactory because it could not receive high interest rates.

“I prepared a small gift for the elderly who are having a hard time.”

“I’m very excited because it’s a gift prepared by the vice president.”

“Buy Apple stock. “You will soon make a lot of money.”

“You’re finally giving us some information. “I once heard that the information that enabled Gwanghwamun Bear to become the owner of Myeong-dong all came from the vice president’s mouth.”

The Myeongdong trio perked up their ears.

Perhaps because they were from Myeong-dong, the center of information in Korea, they were people who knew the importance of information better than anyone else.

“Even if we don’t do it within a year, we will more than double our profits.”

“That means at least twice the profit. “I am very thankful in these recessionary times.”

“The stock price has plummeted due to the IT bubble, so you can buy it at a low price. Instead, there is one condition. “The condition is that you sell it to me after one year.”

“If you want to make a profit, wouldn’t you have to sell your stock to someone? “The vice president said he would realize our profits, so of course we should do that.”

It was not possible to purchase large quantities of Apple stock now.

The plan was to secure shares of Apple using the financial power of the Myeongdong trio and Lee Young-han.

“I will often give you good information. So, I hope we can continue to have a good relationship like we have now.”

“Of course we think so.”

“We will help you take over the bank soon, so don’t fret.”

“Hehe, you’re thinking of sending us to a completely sunny area. He ended up becoming a bank president with no reputation. “Hehehe.”

What’s the big deal about the bank president?

All you need is a fancy bank building and a large amount of deposits to be a bank.

As for the building, I could just use the existing bank building, and I could fill out the large deposit.

***

It was the fateful month of October.

News that current construction is dangerous began to break out here and there.

As of October 30, Hyunjae Construction went bankrupt after failing to pay 22.4 billion won in bills.

When news of bankruptcy broke, the first person to move was Chairman Jang Kyung-jun.

For the first time in a long time, he went to Hyunjae Group’s headquarters in person and met with Chairman Jang Young-jun.

“Are you here to make fun of me?”

“It’s amazing that those words are coming out of your mouth right now. “You’re sitting on your hands after bankrupting Hyunjae Construction, the main body of the Hyeonjae Group.”

“Would it have been me who stayed still? I visited every bank in Korea and even went to the private loan market in Myeong-dong to look for money. But what can I do when they say they can’t lend money to Hyunjae Construction?”

It was Jang Young-jun, who was venting his anger.

Jang Gyeong-jun sighed when he saw his younger brother like that.

Before I came here, I thought it would be fun to see my younger brother become a loser.

However, Jang Gyeong-jun was also a member of the Hyunjae Group in the end, and his anger rose at the sight of Hyunjae Construction being labeled as bankrupt.

“So what do you plan to do now?”

“The government has decided to provide 22.4 billion won in support. “We can somehow prevent the final bankruptcy.”

“What next? “Are you going to default again when the bill comes due again?”

bang! Chairman Youngjun Jang slammed the desk.

Anger surged at his brother’s expression, who was still looking down at him.

“Are you saying this happened because of me? These things happened even before I was inaugurated as president! “If only the receivables from Iraq could have been received on time, why would Hyunjae Construction have gone bankrupt?”

“The receivables problem is not your responsibility. However, what happens after that is entirely your responsibility.”

“Don’t worry, you will be held accountable in some way.”

“I just ask one question. Are you not planning on handing over Hyunjae Construction to somewhere else? “We are going to let the parent body of Hyunjae Group fall into the hands of creditors!”

Even if bankruptcy was prevented, it would have been difficult for Hyunjae Construction to recover.

Ultimately, it will fall into the hands of creditors.

If that were the case, I could have moved on to a group other than the current group.

“Who would want to take over Hyunjae Construction even if it goes over to creditors? “You can leave it to the creditors for a while to remove risk factors and then bring it back.”

“Will Taewoo Group just sit back and watch? “If Taewo takes over Hyunjae Construction, he will be able to create an overwhelming construction empire.”

“The government will not just sit back and watch. “If Taew buys Hyunjae Construction, it would be the same as monopolizing the construction market.”

“Are you saying you’re just going to trust the government and leave it to them? That’s why you visited North Korea with a herd of cattle.”

Jang Young-Jun had a part of him that he believed in.

I am confident that if the government helps me, I can bring back current construction.

Even if Hyunjae Construction were to be taken over by creditors, it could not be acquired by another party without government permission.

“It’s the best option for now. “If you hand over the company to creditors, a certain amount of debt will be reduced, and during that time, you can secure financial power and revive it.”

“It’s easy to say that you will hand over everything in the current group to someone else.”

“Didn’t you say that wouldn’t happen! Is it because you want to take over Hyunjae Construction? “Does Hyunjae have the financial strength to take over Hyunjae Construction?”

“… … .”

Jang Kyung-jun did not answer.

Seeing that, Jang Youngjun realized why his brother had come here.

“Are you really trying to take over Hyunjae Construction?”

“Shouldn’t we prevent the current group’s parent body from being taken over by another company?”

“Are you going to keep saying the same thing? “Hyeonjae Construction is not going anywhere!”

“You’ll know when you watch.”

Jang Gyeong-jun stopped the conversation and left the chairman’s office.

The reason he visited the current group headquarters was to check on Jang Young-jun’s condition.

As expected, my younger brother was lacking.

Even if it is not enough to have the current construction, it is not enough.

So I have to take it from you. No, Hyunjae Construction is looking for its owner.

***

The last day of October.

The planning director visited the vice president’s office and reported information on current construction.

“It is said that Hyunjae Construction has paid the full amount of the first default.”

“The final bankruptcy was avoided.”

“We estimate that it would have been difficult for the company to go bankrupt since the construction industry union had provided a payment guarantee worth 3 trillion won. “If Hyunjae Construction collapsed, the construction industry could collapse simultaneously.”

“Except for Taewoo Construction.”

I checked everything I wanted to check.

Because Hyeonjae Construction has learned that the last bastion is the government.

There was no longer any need to waste time, so it was time to move.

“Please make official contact with Hyunjae Construction’s creditors. Please let them know that Taewo Group is interested in acquiring Hyunjae Construction.”

“Will the government give permission?”

“That’s a problem for later. “First of all, we just need to create an atmosphere where Hyunjae Construction can be transferred to another group.”

It was a measure to support Jang Gyeong-jun.

Wouldn’t this make the current group more urgent?