The Magician’s Memorial - Chapter 401



Only Krnovel

401. Jackpot (1)

A week later.

I arrived in Denmark.

David, who had already flown to Denmark and was drawing a sketch, welcomed me brightly.

“It looks like you finished the sketch. The face looks very nice.”

“You underestimate me too much. Not only did I draw the sketch, but I also did all the coloring. The boss can now become the owner of the painting by just signing the finished painting.”

“You’ve even finished coloring, right? You’ll find out when you meet the board of directors. Is the painting all done, or is there still some part left to paint?”

First, I got into the car.

In the car, I listened to David explain the situation so far.

By the time we had heard all the explanations, we arrived at Robo Nordisk.

“I’ll wait here. It’ll probably be over soon.”

“Trust me and go in.”

I left behind David, who gave his thumbs up, and entered Robo Nordisk.

The CEO personally came out to meet me, and with his guidance, I was able to quickly move into the boardroom.

“It is an honor to see you again like this. Through the insulin contract with Robo Nordisk, Centrian has been able to grow significantly in Asia. Taewoo Group will continue to make great efforts for the pharmaceutical industry in Asia.”

I started by saying thank you.

This was part of the plan that David and I planned in the car.

The more low-key I am, the more Robo Nordisk will recognize me as a pushover.

“Robo Nordisk has also made a lot of progress through collaboration with Taewoo Group. We want to continue this mutually beneficial partnership for a long time.”

“The same goes for Taewoo Group. We want to work with Robo Nordisk to manufacture and sell not only insulin but also various medicines.”

“The door is wide open for Taewoo Group.”

The board meeting began in a friendly atmosphere.

As expected, Robo-Nordisk was also earning very handsome profits through the insulin sales rights in Asia.

I didn’t even make the medicine myself.

How can you feel bad when you can receive a huge amount of royalties every quarter just by handing over the sales rights?

“Taewoo Group and Centrion are also learning a lot through collaboration with Robo Nordisk. I am grateful to them for providing us with a lot of know-how that cannot be obtained in Korea.”

“Developing a new drug may seem easy, but it is a really complicated process. You can’t acquire all the know-how just by watching and learning from the side.”

A person with a yellow beard suddenly intervened.

I think this is Director Eriksen that David mentioned.

As planned, I pretended to be interested in what Director Eriksen had to say.

“That’s why it’s unfortunate. I’d like to take a closer look at the development of new drugs, but I’m too apologetic to ask for such a thing, so I can’t do it. Any company is reluctant to leak technology. Even Taewoo Group has thorough security measures to protect its patents and technology. “I’m doing it.”

“If technology is stolen, of course it will be a problem. However, there is no problem if you pay a fair price to take the technology or learn the research know-how.”

Director Eriksen steered the conversation in a very good direction.

I raised my voice and acted as if I had received a huge offer.

“Can you really obtain new drug know-how if you pay a fair price? Taewoo Group is ready to pay a fair price to Robo Nordisk.”

“Are you interested in the new drug we are currently developing?”

“If you’re talking about diabetes medication, then of course there are a lot of them.”

“We are stopping the development of this new drug and trying to develop a new drug in a new direction. So, we may sell all rights and research data for the existing new drug.”

I slightly turned my head and looked at the atmosphere of the board meeting.

Director Eriksen gave off the impression that he was trying to stop the development of existing new drugs.

The expressions on the board’s faces contorted at the same time, as if they thought this was an unfavorable statement for negotiations.

It was Director Eriksen who was working hard for me.

So, I have to move and make up for his mistakes.

“It doesn’t matter if there are problems with existing new drugs. Authority and information on new drugs can be very valuable data for us. I would like to purchase from Taewoo Group.”

“Hmm, these are very important materials for Robo Nordisk. Just because we stopped development doesn’t mean we failed. We just discovered a way to develop new drugs in a better direction.”

“I understand. It’s a new drug that has gone through clinical trials, isn’t it? We really need that process. Wouldn’t we be able to produce good results by learning the process?”

That’s it for the exciting acting.

Taewu Group has now fully conveyed its intention to purchase the rights to the new drug.

The board of directors also frowned.

It seemed like he was running a calculator in his head to figure out how much he could extort from me.

“But as you know, a huge amount of money is invested in developing new drugs, so the fair price is set quite high.”

“How much?”

“The total amount of money invested in developing new drugs was $1.4 billion. Wouldn’t half the price be a fair price?”

Half of $1.4 billion was $700 million.

The amount amounted to 900 billion won, which was too high for the value of a new drug full of side effects.

There was no way the Robo Nordisk board of directors was unaware of that fact, and this probably meant that they would start negotiations by asking for the highest price first.

“It is an excessive amount. It would not be false to say that $1.4 billion is spent on developing a new drug, but I understand that the development costs commonly invested in various new drugs are also considerable.”

“Of course, there are such aspects, but it is the only way to acquire Robo Nordisk’s know-how in a short period of time. If it were not for Taewoo Group, with which we have built trust, the accumulated know-how would never be sold even if they were paid billions of dollars, not 700 million dollars. “I’m here.”

Negotiations should be like this.

There had to be push and pull to make it a proper negotiation, and only when the negotiation ends like this is there no backstory.

“Then may I make a suggestion?”

“Please feel free to share any suggestions.”

“I would buy the new drug rights for $1 billion. In return, I would like to eliminate royalties on insulin.”

There is no money more precious than the money spent on royalties.

Of course, the royalties were not worth $1 billion, but the new drug and the set product were worth more than that amount.

“Please wait a moment.”

“I’ll be waiting outside.”

“You don’t have to. It’s not a long story.”

I sat quietly in my seat.

Director Eriksen tapped on his calculator, approached the chairman, and wrote down the numbers on a notepad.

It was probably a profit and loss calculation.

If you earn 10 years of royalties and receive $1 billion at a time.

It seemed like he was trying to tell the chairman which side was more beneficial.

The Chairman and Director Eriksen exchanged whispers.

Representative Eriksen was returning to his seat after completing the calculation.

“Those are not bad terms. Let’s sign a contract on the condition that all rights to the new drug, research data, and insulin royalties are deleted.”

“Since I have come all the way to Denmark, I would like to complete all contracts within today. The details can be handled by the working-level staff, so I would like to sign a contract in the larger framework.”

“We can’t call someone who is busy again. Then let’s discuss it with the legal team and start drawing up the contract right away.”

We sent a working team to Denmark in advance for today.

From Robo Nordisk’s perspective, it was a very advantageous contract for them.

The contract was written in a way that largely accepted the conditions we wanted.

“The contract was completed sooner than expected.”

“As soon as the contract is signed, we will deposit $1 billion into your Robo Nordisk account.”

Scrunch.

We signed the contract at the same time.

Now I have all authority over the New Testament.

The value of the new drug is at least 300 trillion won.

Literally, a new drug worth at least 300 trillion won was purchased for only 1.2 trillion won.

It was a business where 300 times the amount was left over.

If you add not only financial gain but also added value, it was a business with a profit of at least thousands of times.

* * *

I returned to Korea with good news from Denmark.

Meanwhile, Vice Chairman Han managed the Taewo Group, and he was given full authority, especially in matters related to Chinese short selling.

“We offer you a discount on signing a good contract.”

“It’s not the end yet. Now it’s important to know how to analyze this at Centrion and complete a new drug.”

“If we could just restore the contaminated information, wouldn’t we be able to develop it quickly?”

Center Director Cheon polluted the information.

Therefore, it was possible to restore the contaminated information to its original state.

“After recovering the information, it’s up to the Centrian’s capabilities.”

“Centrion is not yet known internationally, but we have a lot of good people. We expect it to develop in a short period of time.”

“Then it goes without saying. But what is the situation in China?”

It was a vice president whose expression suddenly brightened.

Would that be the look on a miner’s face when he discovered a bonanza?

“Signals are coming from all over the place. It’s as if we’re seeing South Korea just before the IMF.”

“We experienced bankruptcy because we had no power back then, but China will not go bankrupt.”

“I think so too. However, like the Lehman incident, it seems like an economic crisis that could lead to a global economic crisis will come to China.”

Everything was connected.

Various events occur due to China’s economic crisis.

Naturally, when the economy is in trouble, Chinese consumption is bound to decrease, which will take a toll on various industries.

Among them, especially the shipping industry.

It won’t be long before Hyunjin Shipping will be in my hands.

In order to do that, this short sale had to be successful.

“Keep in mind that the short seller this time is not another country, but China, a communist country.”

“Are you concerned about information being concealed?”

“No one believes the information released by the Chinese government. Even if an economic crisis occurs, the Chinese government will try to conceal it as much as possible.”

“If $60 billion worth of short selling pours in, even China won’t be able to do anything.

He was a confident vice president.

That would be true if it were short selling worth $60 billion.

It was an amount that could have overturned most countries, and even China would have had a hard time defending it in the current situation with multiple negative factors.

“There really isn’t much left. Don’t let your guard down until the end.”

“I’ll make sure to keep it very tight!”

* * *

June 1, 2015.

Today was the promised day.

It was D-Day, when all financial companies belonging to the financial tower promised to attack the Chinese stock market at once.

And the moment the stock market opens.

A huge amount of short selling stock poured out all at once.

“Chairman! As soon as the market opened, the bear market began.”

“A huge amount of money will be lost overnight. Capture as much as you can and put it back into our pockets.”

“All employees of Taewoo Securities are on standby!”

Taewoo Securities was working under a different organization for at least one day today.

Some were disguised as Korean branches of fintech banks, while others were also operating as Quantum Fund.

This was to avoid as much as possible the impression that Taewoo Securities was attacking China.

This was a struggle to maintain even a little good relationship with China.

If this operation is successful, there will be no need to use such camouflage tactics.