The Magician’s Memorial - Chapter 404



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404. Jackpot (4)

next day.

I informed Vice Chairman Han about the details of the negotiations with Vice Chairman Oh Yong-jae.

Then he scratched his head and looked like he had a lot to say.

“See what you don’t like?”

“Honestly, I don’t understand. Chairman Oh Hee-gun said there was a request, but I don’t know if we need to go this far. Isn’t Samjin Group the only rival of Taewo Group in Korea? Leaving it alone wouldn’t help Taewo Group in many ways. “Did you?”

Vice Chairman Han also became Tae-in.

The way of thinking was moving only in the direction that benefited the Taewo Group.

“If you look at it right now, it would be so. If Vice Chairman Oh Yong-jae goes to jail and the entire Samjin Group is criticized for accounting fraud, we may take a reflexive advantage.”

“I think so too. Of course, if something like that happens, Samjin Group won’t collapse, but wouldn’t it make it slow down?”

“Taewoo Group alone has its limits. Although Taewoo Group is a multinational company, it is ultimately a Korea-based company. In order for Taewoo Group to grow further, it needs the help of other large companies in Korea.”

They were no longer rivals.

Taewu Group had already surpassed Korea and was heading towards the top of the world, so there was no need to keep Samjin Group in check any longer.

“Do you think Samjin Group thinks that way? Even if we help them now, they will always be looking for any opportunity to surpass us.”

“Just say so. Instead, all you have to do is play the role of blocking the Korean government and media on our behalf.”

“Are you expecting Samjin Group to act as a dam?”

“When the government changes, they tend to look for a scapegoat. The Samjin Group must continue to survive, but the Taewo Group is not a target.”

“That said, it seems like you are providing too much help. In particular, the joint production of insulin and swine flu treatment is too much help.”

The mere presence of Samjin Group was of great help to us.

However, it was not enough to grant joint production rights for insulin and new flu.

Nevertheless, such a decision was made not only because we had a new cash cow called a new drug, but also because there was another reason.

“For the development of the Korean bio industry, the growth of Samjin Bio is also necessary. In particular, the day will come when a huge amount of drugs will be produced in Korea.”

“Are you talking about diet remedies?”

“That’s not all. If a huge epidemic like the new flu occurs again, the entire Korean bio industry will have to grow together to be able to respond.”

This was said with the coronavirus in mind.

No one could have even predicted that the coronavirus would become prevalent now.

However, Centrion and Taewoo Artificial Intelligence Center were already researching infectious diseases such as coronavirus.

The moment the coronavirus spreads.

Centrion was able to produce treatments faster than any other pharmaceutical company.

If that happens, a huge amount of treatment would have to be produced, and it would be difficult for Centrian’s factories alone to meet the demand.

“Are you saying that Samjin Bio’s growth will help Centrion’s growth?”

“It will be a great help. To be precise, Samjin Bio needs to grow bigger in order for us to generate more sales.”

The most popular business ended up being the royalty business.

In the case of new drugs, it was possible to make a huge royalty business.

As Samjin Bio grew, we were able to produce more new drugs, and we were able to receive more royalties.

“Wouldn’t it be better to increase the size of Centrion? Is there any need to share it with Samjin Bio?”

“Then, when demand decreases, factory operations stop. Even from a risk perspective, we cannot take charge of all production.”

“You are saying that when demand is low, Centrion will produce it alone, and when demand is high, orders will be given to Samjin Bio.”

“Isn’t this very helpful in risk management?”

I was also Tae-in.

Except for my grandfather, there was no one who was more Taean to the core than me.

So, of course, Taewu Group was the top priority in all my plans, and joint growth with Samjin Group was necessary for Taewu Group’s development.

“If everything goes according to the chairman’s plan, it will be a great help in risk management.”

“It will definitely happen, so don’t worry. How is things going in China? When I entered the financial tower, I heard cheers coming from all over, so it looks like things are going well.”

“The bear market continues. It is already down more than 15%.”

A 15% drop in less than a month.

From a short seller’s perspective, such a bear market was an opportunity that did not come easily.

Moreover, the bear market is not over yet.

“The Chinese stock market will fall to the 2,800 level. So continue short selling.”

“Last month, the Chinese stock market was at 5,100. Do you expect it to fall by more than 40%? There is news that the Chinese government is also preparing to implement various measures to prevent the stock market from falling.”

The Chinese government is also putting in a lot of effort to prevent the stock market from falling.

But all those efforts were futile and could not save the stock market, which was falling off a cliff.

“The bear market will continue until January of next year. So, plan to exit around mid-January.”

“If the Chinese stock market really falls by more than 40%, we may be able to make more profit than during the oil war.”

“That’s why we’re lobbying so much to the Chinese high-ranking officials. Why would we give money to them for no reason?”

“Now that I think about it, it doesn’t seem like it was a waste of money at all. In fact, it feels like I got it done cheaply.”

It wasn’t just the Chinese stock market that was left out.

The fact that the stock market was falling was obviously proof that the company was shaking.

Dozens of Chinese companies were going bankrupt every day.

“And when the stock price hits rock bottom, I’ll buy stakes in a few good companies.”

“Are you planning to acquire shares in an IT company?”

“We will acquire shares of various types of companies. Not only IT, but also mainstream companies.”

“Speaking of mainstream companies, are you by any chance referring to Moo Thai? It has absolutely nothing to do with the Taew Group, right?”

Taewoo Group and liquor were not completely unrelated.

Taewoo Trading already had the rights to sell various alcoholic beverages, including cola and coffee, and there was nothing strange about adding alcohol to it.

“Make sure to acquire the shares of Muotai in the name of Taewoo Company. It will be of great help to Company Taewoo.”

“Although Muotai is the most famous liquor company in China, I don’t think the chairman is interested in it.”

“It is right now, but in a few years it will have a higher market capitalization than Coca-Cola or Pepsi.”

It was a vice president who could not believe his ears.

As expected, Moutai’s current stock price was around 250 yuan.

In January, it will plummet significantly, falling to the 195 yuan level.

Who would believe that such a company would have a market capitalization exceeding that of Coca-Cola?

But Moutai goes beyond simply Coca-Cola.

It would be reborn as a huge mainstream company that would even surpass the market capitalization of Samjin Group.

It was a mainstream company with the potential to record a nearly 10-fold increase in stock price over 5 years.

“Do you rate the potential of Muotai Enterprise so highly?”

“If only half of my predictions are correct, we can make at least three times as much business. Are you still against this?”

“No! If you can make business at least three times more, you must buy it.”

“Start acquiring shares little by little starting at the end of this year. Then, start buying shares aggressively in January of next year.”

“Short sellers are selling a huge amount of stocks in the liquor industry as well. Securing shares does not seem to be a big problem.”

Profit could be viewed in terms of muotai.

Although the profits are not that great now, it was necessary to acquire companies that would be helpful to Taewo Group.

“If you can buy Chinese shipping companies, buy them. Of course, you have to drive them crazy with short selling before then buy them cheaply.”

“Let’s come up with a plan to acquire a decent-sized shipping company.”

The struggle for hegemony between Korea and the US is just around the corner.

Before that, we had to gain as much as possible from China, but we could minimize the damage.

We had to work as hard as possible when the opportunity presented itself, not only to minimize damage but also to take the lead.

* * *

A few days later.

I went to see Centrian.

CEO Seo Jeong-jun and Dr. Kim Jang-woo were waiting for me with slightly sullen expressions.

“Your expression is very dark. I think you are very upset because of the contract with Samjin Bio.”

“I heard a long time ago that the contract would go through, but now that I’m trying to fulfill the contract, I feel sad.”

The CEO of Centrian was Seo Jeong-jun.

Therefore, before proceeding with negotiations with Samjin Group Vice Chairman Oh Yong-jae, I also spoke with CEO Seo Jeong-jun over the phone.

They also said that they may collaborate with Samjin Bio.

Representative Seo Jeong-jun didn’t react positively at that time, but he couldn’t go against my opinion, so he just passed on it.

“Let me make one thing clear. I made that decision for the betterment of Centrion. If there is any loss to Centrion, I will compensate, even if it means sacrificing my own resources.”

“No, I never meant it that way. I just didn’t feel good about handing over the manufacturing technology I had learned so hard to Samjin Bio.”

It was a completely understandable situation.

It was a manufacturing technology learned through bowing one’s head, learning know-how, and experiencing tremendous trial and error.

How can you feel at ease now that you are handing over the manufacturing technology and even the first factory?

“How long can Centrion only produce insulin and swine flu treatments? The day will soon come when there will be a shortage of factories just to produce the new drugs developed by Centrion.”

“Are you talking about the diabetes treatment that is currently being developed?”

“It is a new drug that is both a diabetes treatment and a diet pill. It is also a cash cow that can generate hundreds of times more sales than insulin and new flu treatments.”

CEO Seo Jeong-jun scratched his head.

It seemed like they had no expectation that the new drug they were currently developing would generate that much sales.

“The development of a new drug is progressing without a hitch. It is being developed under the leadership of Dr. Jang-Woo Kim.”

“In fact, there is no need to even call it development. Robo Nordisk has already completed more than 99% of the development, so we are only making minor modifications.”

Dr. Jang-Woo Kim spoke as if he were embarrassed.

He was embarrassed to say that he was developing a new drug that someone else had already developed.

“How long do you think new drug development will be possible?”

“It could be possible within the second half of this year at the earliest. In fact, there is no harm in releasing it right now. There are no fatal side effects at all. In fact, there is nothing I can do to touch it.”

“Then, CEO Seo Jeong-jun, please step forward and go through the FDA approval process as quickly as possible. We will help Taewoo Group make it happen quickly.”

The development of new drugs seemed to be no problem.

Then, it was time to focus on developing new drugs.

The plan was to make Centrian monopolize the new drug called coronavirus treatment that would arrive in a few years.