The Magician’s Memorial - Chapter 46



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Episode 46. Value of 10 billion (4)

The old house late at night was full of charm.

Soft lighting illuminated the garden, and the Gwanghwamun bear smiled happily at the pavilion located in the center, welcoming me.

“Just as you said, Sampoong Group is in trouble.”

“It wasn’t the direction I wanted, but it ended up being that way.”

“How did you know? “It’s unlikely that Wall Street would have found out information that the department store was going to collapse.”

“Even if the department store had not collapsed, Sampoong Group would have collapsed. “It’s just that the timing has moved forward a little bit.”

Chairman Lee looked at me with suspicious eyes.

Still, there’s nothing I can say.

Because you can’t say you’ve seen the future.

“You will be criticized by people in Myeongdong.”

“To those who took on Sampoong Group stocks and bonds instead of me? What can you do with that? I already sold it. “And they’ve already wiped out all of Taewoo Group’s stocks, so there’s no need to do business with them anymore.”

The stock of Taewo Group spread out in Myeong-dong was considerable.

Since Chairman Lee could not match the price with the stocks and bonds he owned, they even lent him money in the name of Wall Street.

Of course, the money came from the SAVE investment company.

Since the stocks and bonds he purchased would be returned to me anyway, strictly speaking, rather than lending them to me, it should have been seen as outsourcing the purchase of stocks.

“The swear word you hear now is probably a curse word. When other companies collapse one after another, then… “I hope you live a very long life.”

“Well, wouldn’t it be good to live a long life if you curse a lot? And I can listen to as many curses as a poor person makes. “I hope that day comes quickly.”

Just by looking at Chairman Lee’s eyes, I could see that his faith in me had become stronger.

It was Chairman Lee who started to completely trust me due to the Sampoong Group incident.

“Now you have no assets other than Taewoo Group stocks and bonds.”

“So, that’s right. If I hand over all of Taewoo Group’s stock to you, all I’ll have left is cash. “I’m not going to be a cash king like Mr. Dan, and I don’t know where I should invest my money.”

Shouldn’t we throw at least a piece of meat to a bear that does a trick?

I have released one piece of information for the Gwanghwamun Bear, who faithfully performed his duties.

“Don’t invest in Korean stocks for the time being, but invest in American stocks.”

“American stocks? “Do you have any good information?”

“Invest everything in Microsoft. “You will see at least a 50% profit.”

“Isn’t that a computer-related company? But is it true that stocks have jumped that much?”

An IT boom will begin to occur in the United States.

Not only Microsoft, but also IT-related stocks are rising all at once.

As I remember, we were able to achieve a profit of over 80%, and SAVE Investment Company was also aggressively purchasing stocks of IT companies.

“If you’re worried, I can write you a principal guarantee contract. Instead, you should give me 10% of the profits.”

“Hehe, there’s no such thing as a sharp blade. There is no need for a contract. “I have to believe what you say unconditionally.”

“Let me give you one more piece of information. “I said it would be a return of at least 50%, but you can definitely make more than twice that.”

“What does that mean? “If stocks rise 50%, can you get double profits?”

“I gave you all the hints I could.”

When a foreign exchange crisis occurs, the value of the dollar more than doubles.

So, if you invested in U.S. stocks, you were holding dollars, and you could earn more than double your profits once again due to the rise in exchange rates.

“Then how long can I hold on to Microsoft stock? “Isn’t the most important thing when it comes to selling stocks?”

“You can liquidate it right before you become the owner of Myeongdong.”

“You’re saying make money by investing in American stocks and then use that money to take over Myeong-dong.”

“This is the first stage of our plan to become the owner of Myeongdong.”

“Hehe, talking to you makes me feel like I’ve become a young man.”

“Is there anything wrong with the young man? If you live to 100 years old, won’t you be a young person until 50 years old, and if you live to 200 years old, won’t you be a young person until 100 years old? “You’re going to get a lot of criticism for this, so won’t you live until you’re 200?”

“ha ha ha! “Then I’ll try to live until I’m 200!”

Chairman Lee was very fond of my jokes, even if they seemed like nonsense.

How can you feel bad when your dream is one step closer?

* * *

It took a week to resolve the Sampoong Department Store incident.

It was resolved quickly compared to the nearly a month it took before the regression.

This was thanks to Taewoo Group’s full support from the beginning of the incident.

This was thanks to the dispatch of Taewo Construction’s employees skilled in heavy equipment, including cranes, excavators, and dump trucks.

Although Korea did not yet have a systematic manual.

Because Taewoo Construction made up for the shortcomings, the number of deaths was reduced to more than half compared to before the regression.

So, from the government’s point of view, how grateful would Taewo Group be?

The president went so far as to personally call my grandfather and express his gratitude.

“Hehe, thanks to my grandson, I hear everyone thanking the president.”

“This was possible thanks to my grandfather’s quick decision.”

My grandfather and I sat on the living room sofa and enjoyed some refreshments.

Since my grandfather was planning an overseas business trip starting tomorrow, he decided to get off work early today and have some quality time.

“The President’s office is secretly saying that they will support the projects they want, but what should I ask for? “Shouldn’t we be compensated for the delay in Taewoo Construction’s various construction projects?”

“Our good intentions may be distorted if we want compensation now. “For now, I think we have to be content with maintaining good relations with the government.”

I stopped my grandfather as much as I could.

Also, if I open a business, the more work I have to do.

“Tsk, tsk, there is a time for everything. I should accept at least one when the government thanks me. “The government is the ones who will clean their mouths over time.”

“Haven’t we already got enough? Unlike other large corporations, Taewo Group has created an image among the public that it is for Korea. “People even call Taewoo Group a national group.”

“Are you saying we should be satisfied with the effectiveness of advertising? “To run a large company, you have to be greedy.”

You have to be greedy enough.

Anyway, all thoughts are focused on expanding the group.

“If you are too greedy, you are bound to be misunderstood. “The Taewo Group can receive more love if we make it clear that we have acted in good faith.”

“hmm. Okay, since this is your contribution the most, I will do whatever you ask. But are the preparations for the release of the mobile phone going well? According to the rumor, they are making quite a lot of inventory.”

My grandfather knew everything about the group.

Of course, he also knew that the Incheon and Bucheon factories were continuously producing flip phones in three shifts.

“Honestly, we are out of stock. “I would like to produce more flip phones at 2 to 3 factories.”

“He told me not to be greedy. You are being greedy. “What are you going to do if the flip phone doesn’t sell and remains as malicious inventory?”

“We are confident that we will not leave any inventory behind.”

“It’s good to be confident. “If you fail, it will be difficult for even me to protect you.”

Although the grandfather is at the center of power.

However, that didn’t mean I could forgive all the mistakes I made.

It was natural for me to become the next president, but I had to achieve results to ensure a stable transfer of power.

“Then what happens if the flip phone produced becomes a huge success?”

“You will be able to do whatever you want. “I don’t know what the results of the flip phone will be, but assuming it is successful, what do you want to do?”

“I want to rise to a position where I can reform Taewoo Electronics. Currently, Taewoo Electronics is not growing properly. “I think they are just trying their best to keep up with Samjin Electronics and LC Electronics.”

Grandfather’s eyebrows moved towards the forehead.

It’s a habit that comes out when you’re in a really bad mood. If it were a company, there would have been a lot of yelling, but fortunately, this was the house where my grandfather and I lived, so my grandfather was able to control his anger.

“So, if you take charge of Taewoo Electronics, you can make it a better company than Samjin Electronics?”

“With the current method, we will never be able to surpass Samjin Electronics. “This can only be achieved by reforming the company in a completely new way.”

“So you want to be the president of Taewoo Electronics?”

“If the flip phone becomes a huge success, wouldn’t it deserve it?”

“It won’t be too late to talk about that after the results of the flip phone come out. It was very late. “I guess I need to sleep now so I don’t miss my flight tomorrow.”

Grandpa got up from the living room and went into the room.

I haven’t heard an answer yet, but I showed that I was interested in becoming the president of Taewoo Electronics.

* * *

It’s been a while since I visited Captain Kang’s office.

There was less than two months left before the home appliance fair to be held in Germany.

“Representative, it’s been a really long time. “I thought you had forgotten about me.”

“You speak too harshly. “But we talked on the phone often.”

“I just said this because I wanted to see the CEO. “By the way, if you’ve come this far, is it time to carry out the next strategy?”

“Have you secured data on President Park Jin-hoon’s corruption?”

In order for me to become the president of Taewoo Electronics.

Park Jin-hoon, the current president of Taewoo Electronics, had to be brought down.

Even if the flip phone was a huge success, it was not easy for President Park Jin-hoon to get into that position if he was still alive.

So I had to find the weak point.

Captain Kang has been collecting President Park Jin-hoon’s weaknesses for over half a year.

“On the outside, he was an innocent person. But who are we? In particular, after digging through the National Tax Service thoroughly, there were more than one suspicious part.”

“I guess I found a weakness.”

“From embezzlement to slush fund creation and real estate. “We have secured several pieces of evidence.”

Captain Kang’s information gathering ability was remarkable.

However, no matter how great his abilities were, it was not easy to find the weaknesses of CEO Park Jin-hoon, who was a stickler.

It was possible because I gave a hint.

I checked President Park Jin-hoon’s special details and passed them on to Captain Kang.

Based on that information, we were able to dig deep and find weaknesses.

“How important is the evidence?”

“Honestly, it’s a little difficult to reach redemption. “If you have a good defense team, at most you will be fined.”

“That little scratch would be enough.”

President Park Jin-hoon would normally not give in to such a scratch.

However, if I am in a situation where I am coming from below, a small flaw can have a big impact.

“Get more evidence. “Even personal privacy issues.”

“More than 10 employees are monitoring 24 hours a day.”

“Tell them to be careful not to make any noise.”

The issue of private surveillance was a serious crime.

So we had to move carefully, and even if we collected evidence, it was not easy to use it.

Still, I had to find at least one more weakness to increase the chances of taking him down, so I added someone.

“ah! We also secured several weaknesses of other presidents of President Park Jin-hoon’s faction.”

“Leave that alone a little longer. “It will be used after President Park Jin-hoon is swept away.”

A faction could only be maintained if it had a leader.

When the head disappeared, someone had to fill his place.

If I take that position, I will be able to expand my influence at the presidents’ meeting.

“When September comes, get ready to explode with President Park Jin-hoon’s case.”

“All right. “I’ll just wait for the signal.”

The German Appliance Fair was the signal.

Announcing my success and the downfall of President Park Jin-hoon.