The Magician’s Memorial - Chapter 6
Only Krnovel
Episode 6. Gulf War (2)
In my past life, there was something I always said when I saw news related to oil prices.
‘Oil prices soar to the highest level since the Gulf War!’
It is said that over the next 30 years, oil prices have never soared as much as during the Gulf War.
Now is the time when you can have the most fun with oil prices, so you can make money just by betting on crude oil and holding it still.
And the next day my words became reality.
After studying all night, I went down to the living room and found my grandfather watching TV with a serious look on his face.
“War has broken out. “These crazy people in Iraq have started another war.”
“It will also cause great damage to the company. “It must have been particularly difficult in the construction area.”
“We have already convened an emergency meeting of the presidents today. “There is no quiet day in the world.”
News related to oil prices soon followed.
The oil price, which was around $14 per barrel, doubled in one day.
This was due to the prospect that oil supply would become difficult due to war with oil-producing countries Iraq and Kuwait.
“I’ll go to work first. “Eat well and take your time studying.”
“Yes, have a nice trip.”
I sat down where my grandfather stood up.
There was a telephone with an old-fashioned design right next to it, and I called team leader Han Jeong-hoon.
A feast of noise that comes right away.
“Wow! young master! Oil prices are going crazy.”
“I said I thought there would be war, right?”
“I didn’t know there would really be a war, just in case! From now on, I will believe you even if you tell me to make meju with red beans.”
Han Jeong-hoon has become my person completely.
One success may be a coincidence, but successive successes are enough to give one confidence.
“If it goes up to $30, sell. “It looks like it will go up further, but I don’t want to be too greedy.”
“Even if it goes up to $30, your profits will more than double. “With leverage added, it’s a profit of more than 10 times even if you don’t do it!”
“So $200 million becomes $2 billion.”
“With $2 billion… … “It’s over 1.4 trillion.”
10x return on one investment.
If you succeed in investing just one more time in this way, you can achieve your goal of 80 trillion won.
But are opportunities like this common?
Moreover, the larger the investment, the lower the returns.
This is because if you invest a large amount of money, the market will react to you.
So, I had to make the most of every opportunity that came my way, and another opportunity will come next year.
“Once you realize your profits, invest small amounts and maintain your senses until next year.”
“If the war prolongs, won’t oil prices continue to soar? But do you really do it in a small way?”
“Let’s not be too greedy.”
“yes! All right.”
“And come back to Korea as soon as you realize your profits.”
“What’s wrong?”
“You should get a bonus.”
“ah! thank you.”
If the profit is 1.4 trillion won, is the bonus worth 14 billion won?
It is definitely not an excessive amount.
From now on, we will use the dedicated team members, including team leader Han Jeong-hoon, to that extent.
Until I beg them to let me rest because I don’t need the money.
* * *
After I started living a new life, I visited my grandfather’s study every day.
It was to perform the filial piety that I had not been able to properly in my last life.
The reason I work hard to earn money and study is to protect the group and my family.
So I found my grandfather’s study. However, a guest was already chatting with the grandfather in the study.
“Minjae is here? long time no see. “Now, if I see you on the street, you won’t recognize me.”
The person who welcomed me warmly was Taewoo Engineering & Construction CEO Jang Soo-young.
He was a founding member of the Taewoo Group and was known as his grandfather’s right-hand man.
He was also my grandfather’s favorite person, and he was also very loyal to my grandfather.
Although he was that kind of person.
He was the first person to push Taewo Construction into bankruptcy proceedings when the foreign exchange crisis broke out.
He did not regard me as his chairman and left to make his own way.
I guess he made that choice because he thinks his abilities are much better than mine.
As a result, Taewoo Engineering & Construction was separated from Taewo Group.
Ten years later, Taewoo Engineering & Construction ranked 37th in the business rankings and even took first place in the contract rankings.
Looking at the results alone, President Jang Soo-young’s choice can be seen as the right one.
Because he is the person who saved Taewoo Construction until the end.
However, from my point of view, he was a traitor who only took out Taewoo Construction, which was a profitable company.
And did Taewoo Engineering & Construction survive thanks to CEO Jang Soo-young’s ability?
It was also thanks to the outstanding ability of Taewoo Construction, which my grandfather founded.
After the foreign exchange crisis, half of Taewoo Engineering & Construction’s employees moved to other places, and all CEO positions at famous construction companies were held by former Taewoo Engineering & Construction employees.
Construction Academy.
In the construction industry, Taewo Construction was also called this.
It was a nickname given to an employee from Taewoo Engineering & Construction because he was so outstanding.
With such outstanding employees, Taewoo Engineering & Construction had no choice but to run well no matter who was above them.
I looked at President Jang Soo-young with burning eyes.
My grandfather misunderstood me like that. It seemed like he thought I didn’t remember President Jang Soo-young.
“Hehe, Minjae, do you remember? “This is Mr. Jang Soo-young.”
“I’m an adult now. “I even changed your diaper once.”
Well, President Jang Soo-young hasn’t betrayed me yet.
I moved my facial muscles as much as I could and smiled.
“I remember! hello.”
“You’ve become very proud. I heard that he passed high school by taking the qualification exam.
“I’m currently studying for college entrance exams.”
Did your grandfather invite CEO Jang Soo-young to his house for no reason?
Passing the qualification exam isn’t a big deal, but if I do it, it’s a big deal. Because I am my grandfather’s grandson.
It was obvious that he had invited him to show off his grandson, so I had a great time bragging about him.
“A prodigy was born in Taewoo Group. “Minjae is very smart, just like the chairman.”
“How pitiful it is to only eat and study. “It would be okay to take it easy, but I can’t even tell you how much I’m begging you to work quickly to meet the budget.”
Grandfather’s lips continued to turn upward.
Although he was saying unpleasant things with his mouth, he burst out laughing in between words.
“I want to work for Taewoo Group as soon as possible.”
“Hehe, that’s amazing.”
“And I want to attend not just a university, but the best university in the world.”
“Are you talking about a university in America?”
“yes. I want to go to Harvard or Stanford University. “For that to happen, I think I need to study in the United States, not Korea.”
“Hehe, you are only 17 years old now. “It seems like it’s too early to start living in America alone.”
Did I act too childish?
Well, even if I become an adult, my grandfather is the one who will think of me like a child.
“I think living in America is essential for the globalization that my grandfather talks about every day. And I have many friends who have been attending school in the U.S. since elementary school.”
“Do you really want to leave this little girl?”
He was a grandfather who lost his only son.
He is worried that he might lose me, his only grandson.
To ease those concerns, I put forward several conditions.
“So, I will go with the employees who work at Taewoo Securities.”
“ah! You mean the dedicated team you created? “I heard that you haven’t returned to Taewoo Securities yet, but what are those employees going to do with you in the United States?”
“I will take responsibility for them. “Grandfather is responsible for tens of thousands of employees, so how can I, as his grandson, not be responsible for just three people?”
“Hehe, yes, you are my grandson. Well, it is not difficult to transfer those employees to Taewoo Securities Corporation in the United States, but their careers may be in trouble. Are you confident that you will take responsibility for their future for the rest of your life?”
We have already given the dedicated team enough money to take responsibility for the future.
And they are also planning to give more money.
“Again, I am my grandfather’s grandson. “I will care for my employees as much as my grandfather cares for them.”
“You insist on it. “Yes, you don’t go to America to do bad things, but how can we stop you from going to America to study?”
“thank you! grandfather!”
I quickly hugged my grandfather before he changed his words.
But I know that there is no way my grandfather will just let me go.
I’m sure they’ll send some of their secretarial staff to act as my escorts. That’s enough for me too.
* * *
Chairman Kim Tae-joong’s office.
The chief secretary put a list of 20 people on his desk.
“They are all fluent in English and are former special forces or national reserve forces.”
“Up to 20 people is too much, and we only need to send about 5 people.”
“We will take such action.”
“And please don’t be too overtly protective. “If your grandson finds out, won’t he hate being watched?”
“If it is not an urgent situation, I would ask you to just watch.”
There were rumors about Chairman Kim Tae-joong’s love for his grandson.
It especially got worse after passing the qualification exam.
“And what about Taewoo Securities employees? “Why don’t you air your complaints?”
“It seems like you are taking good care of me, Master. “When I asked him if he wanted to go to the United States, I was told that he would go straight away.”
“It would be quite frustrating to invest a large amount of money at Taewoo Securities and then have to invest with your grandson’s small money, but these employees are really good-hearted.”
Chairman Kim Tae-joong did not supervise his grandson.
That’s why he didn’t know that his grandson had earned trillions of dollars in just a few months.
In particular, since the link with the US paper company had been severed, it would require a lot of manpower and time to find out, so there was no need to give instructions.
And now it’s even harder to find out.
Because Team Leader Han Jeong-hoon created the corporation himself, the link with Taewoo Securities was completely gone.
“And we’ve also finished recruiting a tutor. “I received confirmation from the most famous college entrance exam consultant in the U.S., and hired three private tutors.”
“They say that if you pass within 3 years, you will receive one ticket as a fee for your hard work. And they say they give you one extra piece for every year that goes by.”
Chairman Kim planned to wait three years.
My grandson seemed to be planning to take the college entrance exam next year, but I knew that no matter how smart he was, it would be difficult to complete a three-year course in one year.
“I will tell you that. And I made my home in the safest place in New York.”
“I’m going to lose my spine trying to educate my grandson. “Hehehe.”
“Master, you are very good at firearms. “He is better than any man I have ever seen.”
The chief secretary was not the type of person to say things that did not exist.
Even though they may be criticized for not being good at speaking out loud, they do not flatter.
Because Chairman Kim knew this well, his laughter grew louder.
* * *
“Thanks to you, I am able to live in America. thank you.”
“You’re going to have a lot of trouble in the future because of me.”
Arrived in America.
I unpacked at the mansion with four stockmen.
Team leader Han Jeong-hoon, who was living in the hotel, had already entered the mansion, and after we all unpacked and came out to the living room, he started a brief briefing.
“As you said, we sold everything as soon as the oil price hit $30. She realized $2 billion in revenue, as expected.”
“Team leader, what do you mean? $2 billion? “Are you talking about 2 billion won?”
Employee Deok-Hwan Kim raised his voice.
The employees who supported team leader Han Jeong-hoon in Korea did not know that he had bet so much money.
“that’s right. 2 billion dollars. “It’s about 1.4 trillion won.”
“Ji, are you saying you have earned 1.4 trillion just now? Taewoo Securities has never made such a profit in one go.”
“Then think of it as a lie. “I was going to give you a bonus for this profit, but I guess I don’t have to give it.”
“Oh, no! “I believe it!”
Money doesn’t lie.
Employee Deok-Hwan Kim erased all doubts about the bonus.
“Now I can receive bonuses with confidence. Everyone, please transfer your affiliation to the investment company created by Team Leader Han Jeong-hoon.”
“We have already taken all necessary measures. “Everyone will become employees of SAVE Investment Company within this week.”
The name of the investment company established in the United States is SAVE.
It did not fit the name of a company that earns huge profits through aggressive investments.
I just chose that name to remind myself that the reason I make money like this is to protect Taewoo Group and my grandfather.