The Magician’s Memorial - Chapter 85



Only Krnovel

Episode 85 National Bankruptcy Day (3)

SS Oil’s shares were quickly liquidated.

My grandfather personally flew to Saudi Arabia and held a meeting.

We received confirmation on the liquidation of shares that day and exchanged money for SS Oil shares from SS Group.

Up to this point, I wasn’t even worried.

The real problem was attracting investment.

The size of the company we can acquire varies depending on how much investment we receive from Aramco.

Another day passed like that.

As soon as I arrived at the headquarters director’s office, the planning director urgently informed me of the report.

“The Chairman is said to be returning to Korea today.”

“You didn’t even answer my phone call, so I guess you contacted the planning office directly.”

“But they say you are coming to Korea with a precious guest. “He has instructed us to be fully prepared.”

Distinguished guest?

Maybe he’s coming with Salman.

I devoted a lot of effort to Salman, the future crown prince, and also received his help in establishing the Aramco joint venture.

“It looks like you are coming with royalty. Deploy security personnel at the airport and contact a few friendly media outlets. We must treat our guests with the best hospitality possible at Taewo Group. “Please leave all rooms at Taewo Hotel empty.”

“We will make preparations comparable to that of a state guest. However, emptying the entire hotel is not in the manual. “Wouldn’t that be too much?”

“In a word, the person who moves trillions of dollars of money is the Saudi royal family. “It is better to have too much, never too little.”

I made a request to God several times.

It was clear that the Saudi royal family was visiting Korea to see the establishment of the joint venture with their own eyes.

If you make a proper eye stamp here, the first digit of the amount coming in as investment money is bound to change.

Because it was not a matter to be left to the planning director alone.

I even took care of security by using Captain Kang.

I personally went to the airport to meet him with a few executives and employees.

“They say the chairman will be arriving soon.”

“Everyone, get ready. “We don’t tolerate even small mistakes.”

We waited nervously for my grandfather and his guests.

Finally, the arrival hall door opened and the grandfather and the guest appeared.

But it wasn’t the guest I expected. A customer of a higher class than I expected was visiting Korea.

“We welcome the visit of Crown Prince Abdullah.”

I welcomed the Crown Prince’s visit in fluent Arabic.

It was my grandfather who brought in the real Saudi crown prince, not Salman, who would become the crown prince in the future.

How is this possible?

Then I remembered my grandfather’s work skills.

Although he was lower than David, his grandfather had an A-level friendliness.

“Are you the young man who rescued the Saudi royal family’s jewels? “I heard a lot about you from Salman.”

“Thank you for remembering. “Thank you again for the Crown Prince’s visit to Korea.”

“I visited because I wanted to see for myself what a company that would do business with the Saudi royal family would look like.”

“If you haven’t decided on a place to stay, how about staying at Taewo Hotel? The entire hotel was left empty.”

“Hehe, there’s no need to leave the entire hotel empty because of me, but you’re being treated too much. Let’s go there.”

I took a step back.

Only then did the reporters seem to have come to their senses and started pressing the shutter.

The emergence of the crown prince, who will become the next king of Saudi Arabia, was a huge news story, and reporters were writing articles in real time and sending them to the newsroom.

Meanwhile, we left the airport and headed to the hotel.

Only in the car was I able to have a conversation with my grandfather.

“What happened? “I had no idea that the Crown Prince would visit Korea in person.”

“I didn’t know it would end up like this either. “Salman, the situation ended up like this because he kept praising you.”

“Are you saying the Crown Prince visited Korea thanks to Salman?”

“You could say so. “The Crown Prince will personally inspect the joint venture and decide on investment.”

It wasn’t a bad situation.

Taewoo Chemical, Taewoo Heavy Industries and SS Oil.

These were companies that I was not at all embarrassed to show to others.

* * *

The Crown Prince’s schedule was very tight.

It was not until the meeting with the government official who received the call belatedly and the meeting with the person elected as the next president that it was the businessmen’s turn.

The CEOs of the 10th largest conglomerates in the Korean business community gathered in one place.

I was able to participate thanks to my close relationship with the Saudi royal family, and everyone except me were heads of large corporations.

Although they were having fun in Korea.

In front of Crown Prince Abdullah, he was just a man who ran a corner store.

The Saudi royal family’s assets are known to be at least 1,000 to 2,000 trillion won, so even if you combined all of the large Korean companies, they couldn’t even keep up.

“I heard that the situation in Korea is very difficult. However, I am a person who believes in the potential of East Asia. “I hope to build good relationships with many companies today.”

They were the presidents who exchanged greetings with Crown Prince Abdullah one by one.

An MOU worth 1 trillion won was signed with a single handshake.

At best, it could have been thought that other companies were taking advantage of the efforts made by the Saudi royal family.

But I knew better.

An MOU is not a contract.

Although they promise to invest 1 trillion won now, the MOU was a promise that could change at any time.

And in fact, there were very few cases where the Saudi royal family kept its MOU promises.

Contract rather than promise.

It is meaningless to promise a large amount of money through an MOU.

In the end, the only way to receive real money was to obtain a substantive contract, such as a joint venture.

And the only company that received the joint venture seal today was Taewoo Group.

Crown Prince Abdullah signed a 6 trillion won investment contract for the establishment of Taewoo Oil Refinery.

This was a larger amount than I expected, and it was too much of a price to pay for handing over the shares of Taewo Chemical and Taewo Heavy Industries.

“We will conclude today’s schedule here.”

Crown Prince Abdullah stood up looking tired.

The executive dinner ended with thunderous applause from all the presidents.

Only then did I approach my grandfather and ask him the reason for investing 6 trillion won.

“Is there a reason why the investment amount suddenly increased?”

“I don’t know either. “I spoke with an official from a fund run by the Saudi royal family and they increased the amount of investment.”

“It would seem that the investment was made based on the value of the Taewo Group rather than an oil refinery company.”

“I see it that way too. “I believe that being a large company with a debt ratio of 0% was a positive factor.”

Perhaps there is something hidden.

For example, they found out that I was the CEO of SAVE investment company.

I found out that Taewoo Group holds enormous patent rights.

Whatever the reason, it didn’t really matter.

What was important was that we had 6 trillion dollars in our hands that we could use right now.

When I was organizing my thoughts like this.

Chairmans of large corporations visited my grandfather and bowed their heads.

[Thanks to the Chairman, we have signed a good MOU with the Saudi royal family. I’ve been waiting for an hour. thank you.]

[I think it was a really good decision to nominate Chairman Kim as Chairman. I really had no idea you would be bringing the Saudi Crown Prince with you.]

Chairmans of large companies came out to praise my grandfather.

Since they had signed a trillion-level MOU, these were the CEOs of large corporations who would see their grandfathers as their benefactors.

But will we still think that way after a few years?

Even after just one year, we would realize that signing an MOU was meaningless.

* * *

The establishment of a joint venture with Aramco has accelerated.

The joint venture, which was only in name, expanded in size by merging with Taewoo Chemical and Heavy Industries.

SS gas stations located across the country also changed their name to Taewoo Gas Station and began operations.

Meanwhile, I boarded a plane to America.

Now that I can leave Korean affairs to my grandfather for the time being, I can now turn my attention to the United States.

When I arrived in the United States, I started by looking for SAVE investment company.

Dimon, who was temporarily serving as CEO, welcomed me warmly.

“Representative, are you here! Hasn’t it been too long? “I thought the CEO sent me to America and forgot about me.”

“You couldn’t possibly have forgotten. “Now I have come here to take you to Korea myself.”

“Is it finally time to return to Korea? “Even now, every time I hear about Korea on the news, I feel itchy.”

“There are so many companies to acquire.”

We looked at each other and smiled evilly.

Korean companies were in a crisis, but for us, it was an opportunity.

“Then when are you going to Korea?”

“First of all, we have to finish what needs to be done in the U.S. and then go back. How is it going with persuading the record company?”

“Thanks to Steve’s initiative, things are going smoothly. And since we, who own a stake in MCA Records, are providing support, I think it will be resolved before the end of the year.”

The iPod will be released to the world in January.

Before that, I had to resolve issues related to MP3 music.

“How is the legal dispute with the P2P site going?”

“Thanks to us coming forward and filing a complaint, the popularity of P2P sites has skyrocketed. Some media outlets even wrote malicious articles claiming that we promoted P2P sites.

I couldn’t refute it.

It was true that the complaint was filed for the purpose of promoting the P2P site.

Only then will the value of legitimate music sites increase, and the music sites we create will be able to dominate the U.S. market.

“There is no need to refute such articles one by one.”

“In fact, it is difficult to refute it. In fact, while we were filing the lawsuit, MP3 files were starting to become popular.”

Although MP3 files have become popular.

Currently, it is being consumed by downloading MP3 files and playing them on CD.

The only MP3 player was a 32MB MP Man that could store 8 songs created in a digital case, so it was cheaper and more convenient to use CDs.

“We need to officially open a music site using MCA Records in January.”

“We have already completed the preparations. “We have set up a schedule so that we can open at the same time as CES.”

“And we will open a music site in Korea as well. Please prepare an agreement with Taewoo’s IT department to open a Korean-style music site by February at the latest.”

“The Korea Open can also be held without any problems.”

Dimon was definitely a great talent.

And another great talent existed at SAVE Investment Company.

“boss! I made an appointment with IMF executives. “There are many seniors from Boss School at the IMF, so it wasn’t difficult to get an appointment.”

David approached and spoke slyly.

His friendliness was better than anyone I’ve ever seen.

Making an appointment with someone involved in an international organization such as the IMF was not difficult.

“I’ll be able to see my school seniors after a long time.”

“There are a lot of IMF Harvard graduates. “They say they will be moving to Korea soon, so it would be helpful to make friends in the United States.”

South Korea’s economic sovereignty was transferred to the IMF.

Therefore, for future corporate mergers and acquisitions and corporate management, it was necessary to build a close relationship with the IMF.