The Magician’s Memorial - Chapter 402



Only Krnovel

402. Jackpot (2)

next day.

From early morning, the tension on the verge of war was in the air at the financial tower.

Everyone was preparing for war by pouring coffee into their mouths, and it was easy to find people slapping themselves in the face.

I went up to the office while admiring the sight.

Vice President Han came in soon after and reported yesterday’s achievements.

“The Chinese stock market fell by more than 2%. Close to 1 trillion yuan evaporated in one day.”

“The market is certainly large, so even a 2% drop is significant.”

“100 million yuan is equivalent to 183 trillion won.”

The Shanghai Stock Exchange alone had a market capitalization of $6 trillion.

10 trillion dollars was an astronomical amount of over 1 trillion won.

We were targeting that market, and the 2% drop on the first day was just the beginning.

“The downtrend will continue. Continue to attack hard.”

“By what percentage do you expect it to drop?”

“It will drop by at least 40% in two months.”

“That’s too much of an estimate. $2.4 trillion will evaporate from the Shanghai Stock Exchange alone.”

“It’s too big. So you have to work hard to pick it up.”

Thousands of pounds of money evaporate.

No matter how hard I tried to collect it, there was no way to collect 100,000 pounds of money.

At best, you will be able to pocket trillions of dollars. But getting the money wasn’t the end.

“If the Chinese stock market falls as you expect, the whole of China will be in chaos.”

“So, the problem is. Now you can make money by short selling without any problem, but the question is whether or not you can take the money with you?”

“So what do you plan on doing?”

“We need to make an accomplice. The Chinese high-ranking officials will also be involved in this matter.”

“How do you plan to make an accomplice?”

Making an accomplice wasn’t difficult.

The moment you share even a little of the profits, you become an accomplice.

“Create multiple accounts under borrowed names. Set the profit to be approximately $100 million per account.”

“Are you distributing borrowed-name accounts to high-ranking Chinese officials?”

“We need to spread borrowed-name accounts in all directions. In this case, not Taewoo Securities, but all financial companies in the financial tower will move together. Only then will everyone be able to get out of the Chinese market alive.”

Even in the gambling world, reviews were not given for no reason.

Next time, if you wanted to participate in the gambling game, you had to give a percentage of the money you won.

“Won’t financial companies protest? They don’t seem to want to just give up their hard-earned money.”

“If you are confident that you will survive on your own, then say so. It is better to give a small amount and come out with a share. If you are too greedy, you may come out without even a penny.”

“Okay. Then, we will notify all financial companies in the financial tower.”

“Tell them that it will be enough if they set aside 5% of the profits. And don’t lobby those who are too strict, and tell them to only lobby the people I designate.”

There were more than just reviews on the gambling table.

There was also a place tax, and of course the place tax was money that had to be paid to the owner of the gambling establishment.

You have to pay rent to the person at the center of power, but giving money to someone worthless has no effect.

“We will make sure to deliver.”

“I will send David to China and tell him to deliver the borrowed-name account to the Chinese high-ranking officials.”

“I will prepare it separately.”

“And please provide extra for the prince’s party. You need to provide enough so that you don’t end up complaining.”

It was burdensome for Taewoo Securities to lobby alone.

However, if all the financial companies in the financial tower pooled their money to lobby, the amount would not be a huge burden.

If only the high-ranking people could be silenced.

Even if the Chinese stock market was cut in half, nothing significant would happen.

* * *

next day.

The Chinese stock market was still in a downward trend.

Hundreds of trillions of won worth of money was evaporating for two days in a row, and financial tower financial companies were busy picking up the evaporating money.

The same was true for Vice President Han.

Everyone was like money-crazed demons and moving their fingers.

As I looked at that scene, I received a call from David.

[boss! I arrived in China. Today, I would like to meet with Mr. Li Kang and deliver some of the borrowed-name accounts, as well as convey my intention to give a large donation account to the Prince’s Party.]

“There is something that needs to be made clear. Make sure to let people know that this short selling is not being carried out at the Taewoo Group level, but rather that financial companies belonging to the financial tower are carrying out short selling.”

[Would you be fooled by saying that? It is said that Taewoo Securities is engaging in short selling through a fintech bank, but who would believe that Taewoo Group has nothing to do with this?]

Cover your eyes and say goodbye.

In order to pretend not to know something even though you know everything, an obvious trick was necessary.

On the surface, Taewoo Group was not revealed, so he could pretend not to know as long as enough money came into his pocket.

“It’s an obvious lie, but if we come forward shamelessly, the other side won’t be able to say anything. So, emphasize that we are acting as agents of financial companies in the financial tower.”

[okay! My acting skills are also excellent. I will emphasize again and again that I will support you as an agent.]

“If they ask for more money, say yes. You can give them whatever amount they want.”

[You can ask for more money than you are taking now? How big of a deal is this? This is more than enough money to fund the U.S. presidential election.]

It was a level of lobbying money that surprised David.

However, compared to the profit we would make, it was only a penny, and it was not a waste of money at all if we could make a way out.

“Please handle it neatly so that no gossip comes out.”

[I will bake and boil it perfectly. I will make you hope that the Chinese stock market falls further.]

It was David’s voice full of confidence.

David had many connections as he had worked in China several times, and was someone who could meet high-ranking officials without an appointment.

Let’s end our call with David.

The planning manager who was waiting urgently came to see me.

“Chairman, we have received an emergency call from Samjin Group.”

“What’s going on at Samjin Group?”

“Chairman Oh Hee-geon wants to meet you.”

“Oh, is Chairman Oh awake?”

It was Chairman Oh, who was in the hospital due to myocardial infarction.

Because he fell into a coma several times, he was unable to do any business activities.

I was even embarrassed because it was a call from someone who doesn’t even engage in any outside activities.

“They say he just woke up. And he said he wanted to see the Chairman as soon as he woke up.”

“Get the car ready right now. We have to go to the hospital.”

Along with my grandfather, it was Chairman Oh, a prominent figure in the Korean business community.

Since such a person said he wanted to meet me, of course I had to go, especially since it could be our last meeting, so I made a hasty move.

Samjin arrived at Seoul Hospital.

An executive from Samjin Group was waiting for me.

With his guidance, I was able to move straight to the VVIP ward.

Grrrr-!

Several people were already in the hospital room.

They were family members, including Vice Chairman Oh Yong-jae, who succeeded Chairman Oh Hee-gun and runs Samjin Group.

“Taewoo Group Chairman Kim Min-jae has arrived.”

A person who appeared to be the chief secretary announced my arrival.

I was able to walk forward and inspect Chairman Oh’s condition with my own eyes.

How did it end up like this?

All of his tiger-like energy had disappeared and he was barely able to breathe, relying on various medical devices.

“Chairman Oh, it’s been a long time since I greeted you. This is Minjae Kim from Taewo Group.”

“Chairman Kim is here. Everyone go out. I have something to talk about alone with Chairman Kim.”

Chairman Oh opens his mouth with difficulty.

Then everyone, including the family, left the hospital room.

While I was watching them disappear, Chairman Oh was holding my hand.

“Chairman Kim, do you know how much I blame you? The Taewoo Group you lead is always blocking the way of our Samjin Group. Cough.”

“If you look at it as a group, Taewoo Group is the No. 1 business, but if you look at it as a single company, Samjin Electronics is the No. 1 company.”

“You’re playing with words. You think I don’t know? You haven’t even revealed all your cards yet. You can fool others, but you can’t fool my eyes.”

Actually, I felt a little sorry.

According to history, Samjin Group should have maintained its No. 1 position in the business world.

However, when I appeared, Taewoo Group took the place of Samjin Group, and Samjin Group was relegated to the second-largest group for the rest of its life.

“Doesn’t Samjin Group have many hidden cards?”

“There are a lot of cards. But in order to use them properly, shouldn’t the succession be done properly?”

“Vice President Oh Yong-jae will take over well.”

“In my opinion, you are a person who is infinitely lacking. So, I have one favor to ask of you. Can you help me with the succession process?”

The issue of succession will be resolved on its own without me.

Of course, some problems will arise, and Vice Chairman Oh Yong-jae will go to jail.

In any case, the succession from Chairman Oh Hee-gun to Vice Chairman Oh Yong-jae was completely completed.

“Even without my help, Vice Chairman Oh Yong-jae will be able to take over everything from the Chairman.”

“I heard what kind of trick the bastard is planning to secure the succession. There won’t be a problem right now with that method, but it’s clear that it will become a problem when the regime changes. So, can’t you get rid of the problem?”

Chairman Oh Hee-geon was definitely different.

I immediately recognized the problem with the succession method.

It seemed like he had made the calculation that there was no one else but me who could solve the problem.

But why me?

Although I respect Chairman Oh Hee-gun, it was a personal feeling.

In order to help with the succession issue of Samjin Group, Taewoo Group, not individuals, had to move.

Doing something like that for no gain?

This was an act of breach of trust and was greatly against my values.

I could give a few words of advice, but I couldn’t do anything directly.

“Chairman Kim, I’m not just asking for a favor. If you help me completely with the succession process, I will transfer all the shares I own in Taewoo Group to you. I don’t know how much the stock price is now, but it will be at least 20 billion won.”

Chairman Oh Hee-geon had one misunderstanding.

I think he thought of Taewoo Group’s stock before being admitted to the hospital and said it was worth 20 billion won, but at today’s price, it was at least 50 billion won.

50 billion won was not the amount I really needed.

However, I was moved because it was nothing else but a stake in Taewoong Group.

“I will tell Vice Chairman Oh Yong-jae how to perfectly carry out the succession and help him. However, if Vice Chairman Oh Yong-jae refuses, there is nothing I can do.”

“That’s enough. If that guy, Yongjae, can’t even recognize a nobleman, it’s not worth helping him. Within this week, the Chief Secretary will hand over Taewoo Group’s shares to you through various channels. Call the people outside. “Can you give it to me?”

Our negotiations are over.

Since it was now up to Vice Chairman Oh Yong-jae’s choice, I bowed my head to Chairman Oh Hee-geon without any hesitation and left the hospital room.