The Magician’s Memorial - Chapter 5
Only Krnovel
Episode 5. Gulf War (1)
Leveraged Investment.
It was an investment method that, if handled clumsily, would lead directly to ruin.
Since it is a method of investing by borrowing other people’s money, of course, the moment you lose money, you will be in debt.
“Boss, aside from being dangerous, there are currently many restrictions on futures trading in Korea.”
“Then you can go to America. “Team leader Hwang Jeong-hoon should submit his resignation within this month and go to the United States to form a corporation.”
“Are you telling me to resign?”
The scariest thing for the average office worker is retirement.
But it probably won’t be that scary for the dedicated team.
It doesn’t mean you should just leave, but the next job is guaranteed.
Moreover, they gave me a huge bonus, so why am I shaking so scared?
“What are you so worried about? If things don’t work out with me, I’ll let you re-enter Taewoo Securities. Don’t you know who I am? “Who is my grandfather?”
“He is the grandson of Chairman Kim Tae-jung.”
“Re-employment is not even a task. “I will re-employ you with a promotion, so don’t worry, just submit your resignation tomorrow.”
“I will only trust you, Master.”
“Don’t trust me, trust the money. “I received 300 million won as a bonus this time, but if the next investment goes well, the amount will be different.”
The power of money is great.
Han Jeong-hoon, who had been afraid to hand in his resignation until just now, stopped shaking.
“I will submit my resignation tomorrow.”
“But how much English do you know?”
“I received a perfect score in English on the Taewoo Group entrance exam.”
My grandfather is a person who considers globalization important.
Naturally, language skills were important to join Taewo Group, and employees at Taewu Securities, an elite group, were especially fluent in English.
“Don’t waste your money, hire a good lawyer and create the perfect investment company.”
“I will establish a company in your name.”
“Instead of doing that, use a paper company to make it.”
“I understand what you mean. “We will create a company with a complex structure so that it will not be easy to find out who owns the company.”
There are four months left until the Gulf War breaks out.
I want to take care of it myself, but since it is not enough to prepare for college entrance exams, I have no choice but to send the most trustworthy team leader to the United States.
“After establishing a company, start trading futures as practice. “You have to keep your hands full until August.”
“We will invest without incurring any losses.”
“The rest of the team please remain in Korea and assist team leader Han Jeong-hoon.”
I feel like sending everyone to America together.
However, establishing an investment company is not the end.
The remaining team members had to remain in Korea because they needed the systems and information network that Taewoo Securities had.
Well, that’s just for a while.
If the Gulf War investment goes well, the American investment company itself will be able to create a system similar to or larger than Taewoo Securities.
* * *
The war between Iran and Iraq put a brake on the Middle East construction boom.
Now that the war was over, my grandfather went back to Saudi Arabia to work on construction in the Middle East, and I walked into the banquet hall next to him.
“How do you feel? Can you feel the power of the Saudi royal family? “You will never be able to see such a true scenery if you stay only in the small area of Korea.”
“It’s too flashy. “They say oil is black gold, and it seems like there’s really a lot of money there.”
“Hehe, you know everything about black gold and your dog studied hard.”
The banquet hall was truly the height of splendor.
Even though it was not a banquet held at the Saudi royal family, but at the prince’s palace, it was an extravagance that showed the wealth of the Saudi dynasty.
How many people can attend a banquet like this?
My grandfather had been working hard in the Saudi construction business since the 1980s, so he was eligible to attend this banquet.
“Wait a moment. “Please come say hello.”
“Bye. “I’ll just watch quietly.”
My grandfather left me for a moment and went around to shake my hand.
Among them was the brother of the King of Saudi Arabia, which shows how great my grandfather’s connections were.
Then what should I do?
When the foreign exchange crisis hit, I didn’t get any help.
While my grandfather was away for a while.
I eagerly turned my head to check the personal information.
The reason I came all the way to Saudi Arabia was to catch big fish.
As I turned my head hard, I caught a huge fish of enormous size.
I approached a little boy who had probably not yet entered school and naturally spoke to him in English.
“Hello, my name is Minjae Kim from Korea.”
“uh! Hello, I am Muhammad.”
Muhammad bin Salman.
He will become the crown prince in just 20 years.
A man who will be called Mr. Everything.
It was Muhammad who would become the man who could literally do everything.
Now, I was just a little kid before I even started elementary school.
“Shall we play together?”
“really? “What are you going to play?”
“I brought you a toy. let’s play together.”
I brought in several toys from Korea for today.
Toys suited to the eye level of a 5-year-old child who is always eager to play.
From yo-yos to robots.
It took less than 20 minutes to capture Muhammad’s heart.
“wow! “It’s so amazing!”
“I’ll show you something else.”
I kept taking toys out of my stuffy pockets.
The grandfather and Muhammad’s father were looking at this with satisfaction.
“Our Muhammad plays very well with you.”
Muhammad’s father spoke to me.
Muhammad’s father’s name is Salman.
Today’s real target was Salman.
It will take another 20 years for bin Salman to become crown prince, but only a few years remain for his father Salman to become crown prince.
Because the current crown prince died at an early age.
Thanks to this, Salman ascended to the position of crown prince and king at an early age.
If you build up connections with Salman, wouldn’t you be able to get great help during the foreign exchange crisis?
“Muhammad is really smart. “It’s so much fun to play together.”
“You are a very good boy. “Please take care of Muhammad today.”
I made an eye contact with the person who will become the next crown prince.
But simply putting a stamp on your face is not enough.
To make him a definite member of my network, I planned one more method.
“But that person is a little strange. “I went out of the banquet hall with Muhammad earlier, and he put something like jewelry in the vacuum cleaner and moved it.”
“what do you mean? “Would you mind going into detail?”
The famous Saudi royal jewel theft case.
It was a case where a Thai cleaner stole 100kg of royal jewels in the pocket of a vacuum cleaner and fled to Thailand.
This incident soured Saudi Arabia’s relationship with Thailand for 30 years.
If I can solve a case like that, I will be able to build a strong relationship with the Saudi royal family.
This was precisely why I chose to go to Saudi Arabia.
Solve a jewel theft case and collect debt from the Saudi royal family.
“I saw it. “That janitor stole the jewelry.”
“Are you sure? “It is a very big thing to doubt an innocent person.”
Do you think I should shout out loud for no reason?
It’s all written down in your personal information, so you’re shouting.
【Description of Personal Information】
Name: Kriangkrai Techamong
Affiliation: Palace cleaner
Special note: Stealing royal jewels, not yet disposed of.
I checked my personal information again.
I spoke firmly to Salman in a louder voice.
“I’m sure it’s him. “Check your vacuum cleaner pocket right now.”
“hmm… … i get it. Let’s talk after confirmation. But if you suspect someone for no reason, be prepared.”
Salman’s face turned scary.
He glared at me and moved his hand to call the security, who grabbed the cleaner and dismantled the vacuum cleaner.
Rumble.
Various jewels pouring out from inside the vacuum cleaner.
It’s very bold. No, maybe it’s because I’m so bold that I haven’t been caught yet.
After checking the jewelry, Salman’s face turned into embarrassment, and there was a brief commotion.
* * *
After a while, Salman approached me again.
Although he was angry that something like this had happened in the palace, he tried to keep a smile and thanked me.
“Thank you. “The royal jewels were almost lost.”
“As a friend of Muhammad, it was the natural thing to do.”
“Muhammad has a good friend. “I promise that the Saudi royal family will help you whenever you are in trouble.”
I caught a big fish!
I easily obtained a shield called the Saudi royal family.
* * *
On the flight back to Korea.
My grandfather was smiling throughout the flight.
“I don’t know how my dog is so pretty. “Thanks to our dog, we won twice as many construction orders as we had originally negotiated.”
“I just played hard with Muhammad.”
“With just a little more effort, Taewo Construction could surpass Hyunjae Construction and rise to the top spot in the contracting industry. Hehe, isn’t this all thanks to our dog?”
He was a grandfather who always thirsted for first place.
In a way, you could say it’s an inferiority complex.
Unlike other chaebol families, my grandfather started out as an office worker and grew Taewoo Group to this level.
The grandfather, who was not satisfied with this, grew Taewu Group through bolder investments, and during the foreign exchange crisis, Taewu Group rose to second place in the business world.
And what should I do?
If a foreign exchange crisis occurs, this group will be torn apart and no shape will be left.
I would like to say that it is more important to strengthen the internal stability than to expand externally, but my grandfather was now addicted to globalization.
There is no way words can make sense to someone who is addicted.
No matter how much I try to stop him, he is not ready to listen.
And who would be quick to give advice to the person who founded the third-ranking business group?
So, I have no choice but to help inside and out.
To do that, you must first finish your studies quickly.
You can’t get older just because you want to, but you can get a college diploma faster depending on how much effort you put in.
“Don’t tell me anything until you arrive in Korea. “I have to study.”
“Yes, my puppy. “Study hard.”
I took out my SAT book.
In my last life, I entered a Korean university, but it wasn’t that I didn’t think about studying abroad.
Thanks to that, I studied for the SAT in my last life, and the basis of studying for the test was solving past exam questions.
In short, I have solved the SAT that I will take next year.
Of course, I don’t remember the whole problem.
So, I had to study as much as possible to make my blurry memories clearer.
* * *
August has begun.
For the past four months, I have studied without stopping.
I read books while eating, and I read books in the bathroom and even right before I fell asleep.
My grandfather was worried, as if he felt sorry for me, but it wasn’t actually that difficult.
In my last life, I was quite smart enough to be accepted into Korea University, the best university in Korea, and I felt a sense of accomplishment as the best teacher in Korea lectured me for hours.
But for today, I put the book down.
Because it was the day before the Gulf War started.
I made an international call with familiar hands, and soon after, Team Leader Han Jeong-hoon answered the phone in a nervous voice.
“Have you made any bets on a surge in crude oil?”
“As you said, we used leverage as much as possible to bet on a surge in crude oil. “300 million won has already disappeared in 10 minutes.”
“Think of today as a vacation and just relax.”
“We bet a whopping $200 million! “The amount is over 140 billion won in Korean currency.”
“200 million dollars is only 140 billion? Wow, the exchange rate is good. And what are you worried about? “You’ve done well so far.”
The exchange rate at the end of 1990 was only 716 won.
When the dollar is cheap, you have to earn every penny more.
Japan’s Nikkei index fell by a whopping 30 percent in five months, and thanks to that, I ended up with a capital of over 140 billion won.
But this is just a practice game. This game is the Gulf War.
“Master, it’s a whopping 200 million dollars!”
“It doesn’t matter if I lose everything. “You can earn it again.”
“… … All right. “I will be watching first.”