The Magician’s Memorial - Chapter 22



Only Krnovel

Episode 22. Audit Team (2)

The Great Kobe Earthquake.

A magnitude 7.3 earthquake occurred in the southern region of Hyogo Prefecture, and was a large-scale earthquake that caused damage to Osaka and Tokyo.

Korea sent a correspondent to Japan.

A large amount of breaking news was transmitted through the news in real time.

A team leader and I just stared at the news, frozen in front of the TV, not even thinking about drinking our lukewarm beer.

“Well, CEO. “Did you create derivative products in anticipation of this incident?”

“What kind of god am I? How do you predict a natural disaster? “I just expected that the Japanese economy was still in a bubble.”

It was a lie.

I knew in advance that the Great Kobe Earthquake would occur, and the reason I created derivatives was in anticipation of the Great Kobe Earthquake.

Even if I knew about the earthquake, there was nothing I could do to stop it.

It doesn’t matter if people criticize me for making money in a dirty way.

He is even willing to sell his soul to the devil in order to protect his group and family.

“I don’t know whether to celebrate or be sad, but in the aftermath of the earthquake, Japanese stock prices began to fall.”

“Please contact Quantum Fund. “I’ll be waiting for you in Korea.”

“Are you planning on calling the CEO of Quantum Fund to Korea? “Would George, who is known for being cunning, come all the way to Korea?”

“It will definitely come. They may have issued plane tickets before we even contacted them. “George is more sensitive than anyone else to the smell of money.”

A team leader made an international call.

A few minutes later, he reported to me with a blank expression.

“They say that the Quantum Fund’s working staff and CEO George are coming to Korea.”

“It will be very busy when they come to Korea. “Before that, please close your eyes for a little while.”

He was a team leader who seemed to have a lot of questions.

But I didn’t ask any more questions and just rested on the bed.

I also wanted to close my eyes for a moment, but there was no time.

It was because I had something to talk about with the Chief of Staff before becoming the head of the audit team.

* * *

There were many restaurants and bars in front of Taewoo Group’s headquarters.

Among them, there was one long-established restaurant that Taew Group members frequented the most, and the chief secretary was also a regular at that restaurant.

“Master, are you here? I was surprised when he asked to see me here. How did you know about this restaurant that only people in the Taewoo Group know about?”

“I will be going to work at the headquarters next week, so of course I have to research good restaurants in advance.”

“ha ha ha! you’re right. “It’s all about eating and making a living, so you have to figure out good restaurants first.”

This was my first time drinking alone with my secretary.

We ordered one dongtaetang and ate a bowl of rice without saying a word.

“As expected from a good restaurant, the soup is very deep and refreshing.”

“Don’t you feel like your stomach has been hollowed out? That’s why I like it here.”

“Shall we have a quick glass of soju and have a serious talk? Aunt! “Please give me a bottle of soju.”

“I’m so busy. You take it and eat it! Who the rotten bastard orders to eat!”

A harsh remark came out from the restaurant owner’s grandmother.

The secretary started to get up from his seat, but I moved first and came back with a bottle of soju and two glasses.

“I’ll pour you a drink.”

“Hahaha, the day when I can drink soju with you is coming. “I guess I lived a long time.”

“You are still correcting it. “You have to work for 20 more years.”

“If you want, I can work for 30 more years instead of 20.”

The chief secretary was like a father to me.

The person who took care of me instead of my grandfather, who frequently went on business trips abroad, was my secretary, and he also looked after me as if I were his own child.

We emptied a bottle of soju in an instant.

I brought another bottle of soju and poured it into the secretary’s glass and said,

“What do you think about me going to the audit team?”

“I understand what you want to do, Master. “I know very well that Taewoo Group is full of parasites.”

“But why was grandfather against it?”

“Because it is not an easy task.”

The manager took out an envelope of documents.

It was like the list I had requested.

I asked the manager to get information about the audit team that will be coming to work starting next week.

However, the envelope contained a list of audit team employees as well as information on several other lists.

“The list is quite large. “The number of audit team members hasn’t suddenly increased, right?”

“This is information about Changwon factory executives. “Aren’t you planning on attacking from there?”

He was a manager who knew exactly what I was thinking.

Well, it’s not a difficult prediction.

This is because the Changwon parts factory and the Changwon factory were closely related affiliates.

“The data is very detailed. “Do you mind giving me this kind of advanced information?”

“This is information that anyone who will become the head of the audit team should know.”

“But there is more information about Managing Director Lee Jun-su below than the factory manager.”

“It is being said publicly that the person in power at the Changwon factory is Director Lee.”

The Changwon factory manager was one of the founders of the company.

The factory manager who stood by my grandfather for a long time is nothing more than a scarecrow?

Is this managing director that good?

The answer to that was contained in the materials provided by the manager.

“This managing director is the cousin of a big player in the private loan market in Myeongdong.”

“There is no one who runs a business in Korea who has not visited Myeongdong.”

“I heard the rumor too. “I heard there are four big players in the Myeongdong private loan market.”

“Director Lee is a cousin of one of them.”

The Myeongdong private loan market is a place that should never be underestimated.

Myeong-dong was a huge underground economic market where hundreds of trillions worth of cash was in circulation.

To be called the Gang of Four in Myeongdong, you had to have assets worth at least trillion.

“Has your grandfather ever done business with Myeongdong? Otherwise, there is no way that Taewo Group would have hired someone like Director Lee.”

“… … That’s right. “I briefly used funds from Myeongdong to resolve short-term borrowings.”

“I don’t think that’s all.”

“We even own a portion of Taewoo Group’s shares.”

A loan shark owns a stake in Taewoo Group, right?

He even used his shares to insert his cousin into the company.

A rough picture of the situation was drawn.

I also understood why my grandfather warned me that it wouldn’t be easy.

However, no matter how large the private loan market is, it is nothing more than an underground economy.

“What does it matter who is behind you? “It doesn’t matter if I’m a criminal cousin rather than a loan shark cousin, as long as it helps Taewo Group.”

“If Managing Director Lee is not helpful to the group, do you plan to fire him?”

“Of course we have to cut it.”

“I will not stay still in Myeongdong.”

“That’s something you’ll find out when you watch. However, the company will be in a lot of trouble due to the Kobe earthquake.”

I changed the subject.

If I keep talking here, it’s clear that the same thing will just come out like a random ticket.

“Taewoo Group is not expected to be hit that hard. However, if the Japanese stock market enters a downward trend, it is clear that the Korean stock market will also decline, so special measures are needed.”

“That’s a good thing. ah! “I’ve been holding on to a busy person for too long.”

“You must have a lot to prepare as you have to go to work for the audit team starting next week. If you need any help, please contact us anytime.”

“Director Kim, if you need a drinking buddy, please contact me at any time.”

“If you do, I would be grateful.”

Director Kim returned to the company again.

I drank two bottles of soju, so I thought I would go home, but when I saw him go back to work, I guess there was an emergency at work.

Director Kim gave me time even in such a situation.

The information he brought was valuable and worth thousands of thousands of horses.

I handed over all the information to Captain Kang, and based on that information, Captain Kang and the team he led would create a detailed operation.

“I need to get some rest before George comes.”

* * *

next day.

George arrived in Korea faster than I expected and went straight to the hotel to meet me.

“long time no see. “Your face has improved a lot.”

“I think Kim’s face looks better, not mine. “She’s good for her health, so don’t just eat it alone, let’s eat some together.”

There was a bone in the horse.

It seemed like he was probably talking about information about Japan-related derivatives created by SAVE Investment Company.

If he knew that information, he would have flown to Korea right away.

“I didn’t touch George’s food.”

“You mean yen?”

“Isn’t the Quantum Fund an expert in currency? “There is a sense of humor, so how can I eat first?”

“Ha ha ha ha ha! This is why I like Kim. “Not like the other idiots on Wall Street.”

George’s words were by no means empty words.

After winning the British pound short sale, he continued to attack the European currency market.

In the process, he made numerous whims, and many Wall Street companies that followed him suffered huge losses.

But SAVE Investment Company was different.

We predicted his whims and made moves, and although the returns were lower than those of the Quantum Fund, we achieved significant returns.

“A true alliance cannot last long if it relies on one side, right?”

“Of course. “If you want to survive in the battlefield called Wall Street, you have to make your own decisions and move.”

“Then do you plan to do it alone when attacking the yen?”

“If the game is small, shouldn’t you eat it alone, and if it’s big, shouldn’t you share it? “But this game seems to be a bit small to eat alone.”

George had internal organs that could not be satisfied with the yen.

I took out something that would fill his stomach.

“This is a derivatives contract signed by SAVE Investment Company with a Japanese company and bank.”

“Why are you showing me this? I don’t mean to brag. if?”

“I feel like my stomach will explode if I try to eat it alone. “We plan to share it with Wall Street, including the Quantum Fund.”

SAVE Investment Company poured $15 billion into derivatives.

A contract worth $7.5 billion, equivalent to half, was brought out.

“I won’t just give you this. “What do you wish for?”

“If you SAVE alone, you can at most earn twice the original amount. However, if you eat with Wall Street, you can eat at least three times as much, or up to five times more.”

“Should we share in the Japanese government’s struggles? “Wouldn’t that kind of problem be easily solved if we just gave the political world $1 billion?”

In the United States, lobbying was a kind of industry.

The lobbying industry brings in around $1 billion a year.

In other words, if I spent $1 billion in lobbying funds, I could lobby almost anywhere.

$1 billion is enough, but spending $7.5 billion?

Even if it is a derivatives contract worth $7.5 billion, you can still have more than twice as much left over.

It was not enough as a reason to hand over a derivatives contract that could be worth $15 billion or $30 billion.

“Of course, there are some conditions attached. “I also need to be guaranteed a minimum benefit, so I will sell this contract for $12 billion.”

“You’re saying you only want to receive a return of about 70 percent. “There must be more conditions, right?”

“I want to receive shares in the company I want.”

There is something called shares in a company that cannot be bought with money.

To buy those shares, I used $7.5 billion worth of derivatives contracts as bait.