those who run on the blade
“Sure. The only people in the world you can truly trust are your family, right?”
Of course, even though he did not believe even his own brother at all, Vice President Han Jeong-hoon answered naturally.
“okay. The only thing you can trust is your family. Now we are together because we can share our interests with him, but a partnership cannot be forever.”
The Cheil Group has been promoting its business by forming a number of partnerships from its founding to the process of growing into the largest corporate group in Korea.
And such partnerships have always been of an expiration date. Of course, when the partnership was over, it was always the first group that took the initiative in the business.
Sometimes, the partner of the business partner was satisfied with the fairly large chunks that Jeil gave, and sometimes they shed tears of blood and resented the poor distribution of income.
However, at that time, the status of Cheil Group was already beyond what the other party could do.
“It’s always best not to be in a partnership, but I always keep in mind that if I do, I always have to keep the last minute in mind.”
As the grandson of the first founder of Cheil Group, Han Jeong-hoon also knew that there were moments when it was necessary to cooperate with someone else in running a business.
This is the moment when cooperation is essential.
With Eugene’s cooperation, Jeil devoured several of Daeyang Group’s main affiliates and was able to raise the competitiveness of the affiliates.
The Cheil Group is undoubtedly the number one corporate group in Korea, but it is also self-evident that there is no law that its position will last forever.
If he did not hold hands with Eugene, it was clear that someone else would take his place, and it was not difficult to guess that the nightmare time would come to the Cheil Group.
No matter how best, it is inevitably difficult to compete with the opponent who moves the largest capital in the world.
For the first time, cooperation with Eugene is both voluntary and forced at the same time.
Moreover, it is known that the amount of cash Eugene can mobilize is enough to acquire several Cheil Group companies.
“When the moment comes when we break up with him, we should clearly distinguish between what we have to protect and what we don’t care if we give it up.”
“of course. I don’t know when it will be, but it will come.”
Even brothers who share blood, they tend to split up in business.
There is no such thing as foolishness if you do not prepare in advance what will remain with the chairman’s family at the end of cooperation with Eugene.
Of course, their family will always hold the most important part in their hands at such a moment of separation.
“Of course, don’t forget that Kang Yu-jin is different from anyone we’ve dealt with so far.”
“Yes. But it was said that it was fifteen years old. It is difficult for those who have seized power in the country to last for ten years, but it is difficult to think that investment alone will lead to such success forever.”
This was the view of not only Jeil but also many Korean business owners looking at Eugene.
Eugene’s success depends entirely on luck. And luck was a fickle man who never knew when to turn his back.
“Being successful in a business is two different things from making a lot of money in investing.”
Cheil Group Chairman Han’s family predicted that Eugene’s investment would hit a wall at any time.
When that time comes, cooperation with Jeil will also falter, and Jeil, who already has relations with the Korean political world, as well as the legal world and the media, will monopolize the results of the partnership and say an elegant farewell, as always.
“Until then, I will always remain humble and lowly.”
Contrary to the reputation of being the number one chaebol in Korea, the family of the head of the Cheil Group hardly ever got in the way.
It is also related to the ups and downs of Korean modern and contemporary history.
For decades after liberation, Korean politics belonged to those with guns, and it was only 20 years ago that the business leaders who dominated the business world were deprived of everything at a single whim.
And for a long time, Jeil has always made an effort not to escape the eyes of those in power.
And it was always the best to survive in the rise and fall of various powerful people that change over time.
The top leaders are very well accustomed to not going against the flow of the times.
Obviously, it is Han Jeong-hoon who first noticed that it is not the people in power who rule this era, but the Americans on the other side of the Pacific Ocean.
The reason that Chairman Han focused on his eldest son as the next head was also due to his keen eye for reading the current trend.
“But there is always something that never happened before.”
“you’re right. His days could be very long. But the best knows how to persevere.”
Han Jeong-hoon, who will lead the next generation of Cheil Group, said in a calm and low voice, but with the firm confidence underlying it.
“okay. You, too, have finally realized the value of patience. That’s enough. Always let everyone enjoy the present. One day the one who perseveres will laugh.”
The rich man’s conversation was friendly. The chairman, who had already selected Han Jeong-hoon as the next head of the company, was trying to empower his son as much as possible.
Of course, he is well aware that the eldest son is still inexperienced.
For the future of Hana group and for the growth of his children, now is the time to encourage him.
“Management is always like walking on the edge of a knife. You have to be careful and be careful, but the moment you stop, the blade will cut your foot.”
“I will keep that in mind again. father.”
* * *
“The stock price of Cheil Electronics is rising day by day. Not only the former, but all affiliates of the Cheil Group. In fact, only by increasing the stake you hold, you have pulled out several times the amount of money you have invested so far.”
Joanna was briefing on investment in Korea with a bright face.
“In the past year, the stock prices of Cheil Group and Dasan Group have been rising without ever falling. These two companies have an absolute stake in the Korean stock market.”
In the original Korean market, the four major corporations, Cheil, Dasan, Daeyang, and Myeongseong, held a firm stake in everything from electronics to automobiles, finance and consumer life.
Meanwhile, the ocean was collapsing and Jeil and Dasan absorbed it, and the influence of the two giant corporations was becoming stronger than ever.
Eugene has already invested about 50 trillion won. However, the share price gains of Cheil and Dasan group affiliates are far beyond that.
Meanwhile, the stock market skyrocketed once again on the news that Eugene is creating a fund for Korea, followed by Cheil and Dasan to create a charitable fund worth tens of trillions of won.
As a result, Eugene, who already owned stocks of major affiliates of Cheil and Dasan Group through various investment banks, became the biggest beneficiary of the soaring.
“The market is reacting more than we expected. By the end of this year, we were looking at about 45%, but I think we can achieve more than 100%. Can we continue to have a buying advantage for both groups?”
“Till next year.”
Eugene readily accepted Joanna’s opinion.
I know that the stock market around the world will be booming not only in Korea but also in the next three years.
However, it may take some time to prepare for the dreadful collapse that follows.
“And there was a report from the quant team. The new artificial intelligence I recently installed has been very effective. I was amazed again by Black Bolt’s technological prowess. It is completely different from other AI.”
The investment team led by Joanna, like any other investment institution on Wall Street, was realizing profits through a variety of investment methods.
And among them, there are departments that continue investing in stocks with artificial intelligence through data mining.
In general, in the case of quantitative investment using artificial intelligence, only a small amount of investment is being made compared to major investment departments.
Even the largest quant investment on Wall Street is a mere billions of dollars.
This is a small level compared to the amount of money that some investment institutions roll in tens of billions to hundreds of billions of dollars.
That is because it is difficult to say that the level of artificial intelligence is still clearly superior to traders.
Joanna’s quant team is also moving at the level of billions of dollars, and it has been reported that the recent installation of artificial intelligence has been reported to generate returns of up to tens of percent compared to investments made by human traders.
“Of course, it’s also because the boss’s big picture is backed up.”
What makes Joanna’s team different from other AI investments is that AI refers to the direction Eugene sets.
Eugene was anticipating an upward trend in the Korean and US stock markets, and the artificial intelligence mines other data based on that and decides on investment at that time.
“With that in mind, it is very significant that the return on investment in this AI is clearly significantly higher than that of other employees. In fact, there are quite a few traders who are nervous after seeing this announcement. I am worried that maybe we are giving way to AI from our side.”
“The scale that AI can take on will be limited for a while. To be honest, I don’t want to leave hundreds of billions of dollars to AI.”
Even if it’s artificial intelligence, it’s not really a rational being. If a mistake is made, the human side can make a bigger mistake than the artificial intelligence, and even if it betrays, the human side will betray it.
Nevertheless, Eugene was judging that the current technology was not completely reliable.
At least yet, human intelligence is more likely to notice their mistakes.
Of course, it’s just a matter of the present moment. Even in the next five or six years, artificial intelligence will replace many traders.
“How long will there be? Until artificial intelligence decides everything for us?”
Joanna must have been very impressed with this report.
She, who is second to none for her brilliance, said that Eugene was still there, but was convinced that artificial intelligence would soon replace the trader.
“That is something no one knows. Maybe there will come a time when AIs will really make decisions for us.”
“I think that time will come someday. It’s just the beginning, but it’s already paying off more than the installation cost. In one year, it will be enough to draw out all the money invested in Black Bolt. But in the next five years, how much work will they do?”
Joanna shrugged slightly.
“Maybe we are strangling ourselves.”
“Well? After all, humans have always been like that. There are always new achievements, and a lot of people are being harmed because of it.”
Eugene knew very well what the investment in artificial intelligence he had decided would bring.