As you can tell from just hearing the name, K Starcoin is a virtual currency associated with entertainment businesses such as Korean songs, dramas, and movies.
K-Star Coin boasted a tremendous presence from the moment it appeared, and within 10 days it was listed in the top 10 by market capitalization.
“hmm… … .”
I meticulously went through the K-Star Coin data that Lee So-young and the legal team had been investigating.
No matter how many times I looked at it, there was nothing special about K Star Coin. If I had to point it out, would it be that they spent too much money on publicity in the early days?
“Soyoung, how much did you say K-Star Coin spent on the event?”
“I must have spent over 1 billion won for the event alone. Since we have already held events of that scale three times, I would not have spent 5 billion won even if I could not do it.”
“I don’t think it was made with the intention of running away after eating a bowl of 5 billion won in 10 days.”
“There was also an article about being on the verge of affiliation with three or four large entertainment companies. From what I see, I think I have an idea of starting a business.”
If K-Star Coin was launched for the purpose of being used in the Korean entertainment business, the timing was not bad.
It was already a time when Korean idol songs were listed on the Billboard charts, and after that, there was only one thing left to do to win and win with cultural contents such as dramas, movies and games.
But on the other hand, it could be a bigger problem.
‘What if K-Star Coin is a scam virtual currency made on the assumption of eating and running?’
It goes without saying that the more Korean content becomes popular, the more money is poured into K-Star Coin.
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If such a super-large virtual currency was created for fraudulent purposes, it would eventually produce a huge number of victims.
It was an unpleasant scenario for me, who had seen the entire virtual currency market collapse due to a super-large coin scam in the future.
“Is there any other information about K Starcoin? It’s nice to have something trivial like CEO Taylor Kim’s affiliation or where the developer lives.”
“There is no information about Taylor Kim except that he graduated from Pennsylvania State University in the United States. KSC, the developer of K Star Coin, is headquartered in Ireland.”
“We should check the Irish headquarters first. If you dig there, you might find information about the landlord who supports them.”
At this time, a member of the legal team timidly raises his hand.
“that… … It is not known who the exact landlord is, but a list of the companies that paid has already been released.”
“How is that?”
The document he handed over was a list of securities companies that had recently invested in virtual currency.
Since cryptocurrency was used in Venezuelan crude oil trading, securities firms have been scrambling to increase their investment in virtual currency.
So, while going through the documents, several securities companies painted with fluorescent markers catch my eye.
WP Investment Trust, Daehyun Securities, LK Investment, SG Asset Management, Ever Financial Investment.
They had already purchased K-Star Coin or had announced the purchase.
“It’s not even a major cryptocurrency like Bitcoin, and I don’t understand why a securities company bought and collected a cryptocurrency that was on its 10th day of release.”
“Not just buying and collecting, there are securities companies that participated in ICO (Initial Coin Offering) in the early days.”
It was a situation that I couldn’t understand with my common sense that a securities company put money into an ICO that even individual investors were afraid to invest in.
“There are not just one or two oddities.”
Lee So-young nodded vigorously and agreed.
“I thought it was too strange, so I dug behind it. Who the hell planned this? Securities company?”
“It’s not a scale that a single brokerage firm can afford.”
“Then, did the branch manager level get together and organize a party?”
“I think it is a higher order than that.”
“If it’s higher up than the branch manager… … no way?”
Lee So-yeong looks at me with surprised rabbit eyes.
“It is still too early to decide. For now, let’s focus on gathering more information.”
* * *
“Hey, Secretary, let’s change your position and think about it. Even in the early days of the regime, where is the unilateral progress like this? At least you should have consulted with us and proceeded. yes. yes yes All right. Please contact me.”
As soon as Chairman Lee Tae-seok puts down the phone, he pours out the curse he has been holding back.
“Do these sh*t sluts get their hair ripped if they get into power? It looks like things that are nothing will rip the back of your head.”
While he is swearing, the executives of the Daehyeon Group who have been called into the chairman’s office are busy taking notice of each other.
The reason why Daehyun Group’s atmosphere is so bloody is because Ohsung Group announced its entry into the electric car business not long ago.
It is a very large project with an investment of 20 trillion won.
In addition, if it joins hands with Tesla, the number one in the industry, to produce the quantity, the domestic electric vehicle market as well as the internal combustion engine vehicle market will be endangered.
“How long are you guys going to keep your mouth shut? It’s not like we should put our heads together and come up with a countermeasure! Is there any way to prevent five-star goblins from making electric cars?”
“If the announcement has already been made by the government, it is impossible to reverse it… … .”
“Who told you to say that? I told you to take action! Measures!”
Daehyun Motors sold hundreds of thousands of cars overseas, but half of its operating profit came from the domestic market.
If a competitor named Ohsung appeared in the domestic market, operating profit would inevitably decline.
“Exclusive house… … I wondered how that stupid bastard escaped arrest. You were plotting this with the government.”
The sound of ‘popping’ from Chairman Lee Tae-seok’s mouth spreads throughout the room.
While the executives were still busy saving themselves, Lee Seung-hoon, president of Daehyeon Motors, stepped up.
“President. Instead of trying to stop a car that has already left, we need to find a way to go faster.”
“What are we going to do?”
“At this point, it is enough for us to invest additionally in electric vehicles and suppress our intellect with our skills. Isn’t there a precedent of winning already?”
Ohsung Group entered the automobile business even when Chairman Moo-Hong Jeon took the lead.
However, it failed to surpass the existing prominent finished car companies, and the sluggish business was swept away with the 1997 foreign exchange crisis.
“Even if he comes in with a Tesla, Oh-seong, who has no experience in manufacturing finished cars, is no match for our Dae-hyun.”
As President Lee Seung-hoon raised the mood, the executives who had been silent were also willing to add their words.
“President Lee Seung-hoon is absolutely right. How can newbies who have never made tea beat us?”
“Even if Tesla came in, it wouldn’t be a big deal. The reason we didn’t make electric cars was not because we lacked the technology, but because we couldn’t make ends meet.”
“At this point, if you give power to the electric car and crush the Tesla, you will eat a pheasant and eat an egg.”
Executives squeeze out the best words to hear.
Chairman Lee Tae-seok tutted and clicked his tongue after seeing their behavior.
“Do you think it’s because I’m afraid of five stars? Because of that rotten bastard’s son, we’re losing money too, so we’re doing this out of a fever.”
Daehyun Group purchased Yolkja land in the middle of Seoul for the purpose of building a headquarters building the year before last.
A whopping 10 trillion won was spent at this time.
Since then, Daehyun Group has been suffering from a cash shortage, so increasing investment in other businesses was a burden in itself.
“By the way, where did Jeon Yong-taek get the money, so he goes to work all over the place? Acquisition of Herman, plant in Detroit, plant in Venezuela, electric car this time?”
“All of that money came from the cryptocurrency I was talking about.”
“If it’s a virtual currency, acorns are doing something?”
“That’s right.”
Ohsung Group purchased 150 million Acorn Coins through its subsidiary, Ohsung Securities.
It was announced to the outside that it was portfolio expansion, but in reality it was for the purpose of preparing bullets for Ohsung Electronics.
Cryptocurrency has yet to be accounted for, and there was no obligation to disclose the holdings.
So, in Ohsung Group, it is enough to withdraw and use the virtual currency of Ohsung Securities at will, and then refill it later.
“The end of the world. Really talk How could you do such a thing with money that doesn’t exist? Tsk tsk tsk.”
Lee Seung-hun carefully rhymes with Chairman Lee Tae-seok, who clicks his tongue.
“Me, Chairman. So… … We also have Daehyun Securities, so we can make investments in a similar way.”
“Sounds useless.”
“Not only that. Cryptocurrency can perfectly hide the movement of money depending on the way it is operated, so it is also optimal for slush funds.”
When the story of the slush fund comes out, Lee Tae-seok, who has been amused until now, reacts differently.
“Is that true?”
“There is information that LK Group, SG Group, and Jinan Group have already started investing in virtual currency.”
Slush fund management was a headache that chaebol families had to live with for the rest of their lives.
However, since there is a means to completely hide the flow of money, I had no choice but to be interested.
“LK Group and SG Group… … Where else did you say it was?”
“This is Jinan Group.”
Seeing that the worn-out chaebol families moved first, it must have meant that virtual currency was useful.
“I must see the old people after a long time.”
* * *
The concert hall of the Seoul Arts Center was filled with 2,500 seats, and even the aisles were crowded with people.
These are investors who came to see K Star Coin’s event.
As always, K Star Coin’s event begins with the stage of a popular girl group.
-I will give you my heart that I have been hiding. ♬
-OH MY BABY. ♬
– Until when, only for you. ♬
Today, Stamie, who is considered the top idol, was invited.
Buying concert tickets is the live stage of a girl group called Picking the Stars in the Sky. The reaction from the audience was comparable to that of a music show.
Taylor, the CEO of K Starcoin, couldn’t hide her laughter while watching the reaction on stage.
“Yeah, scream and like it to your heart’s content. Because that’s all the kids you called with your money.”
The girl group invited this time was an expensive body with a cost of over 300 million won per event, but it was not a waste of money at all.
Because they were already making hundreds or thousands of times the cost of the event.
A popular girl group, an A-level actor, a famous lecturer, a prominent professor, and a former minister.
All you have to do is recruit them with money and put them on stage, and that will soon become your trust and return as investment money.
“What a beautiful world this is.”
Taylor habitually turned on her phone to check.
The coin price had already risen by more than 10% at the start of the event. It seems that the effect of putting an expensive girl group on the stage came out.
‘If this atmosphere continues, I will be able to enter the top 10 market capitalization within this month.’
From the top 10 cryptocurrency market capitalization, real-time market prices are displayed on the main exchange.
In that case, not only the awareness of virtual currency will increase, but also the trading volume will more than double.
“Who would have thought there would be such an easy way to earn money?”
Taylor checks herself in the mirror one last time before going on stage.
First, while I was putting on my clothes and putting on my eye makeup, someone burst open the door to the waiting room and came in.
“Mr. Taylor!”
He was the person in charge of event management.
“men and horses! Don’t you knock when you come in?”
“sorry. I have something urgent to tell you… … .”
“What’s going on?”
“Lee So-young came to the event.”
Looking in the mirror, the corners of Taylor’s mouth go up on their own. I invited you just in case, but I never thought you would come.
“The pumpkin rolled in by itself. I will guide you to the best viewing spot.”
“I have a party this time.”
“who?”
“I think Mr. Taylor should see it for himself.”
Taylor put down her makeup and headed toward the stage.
Soyoung Lee was right in front of the stage. And right next to her was a man wearing sunglasses.
He had the same hair style as Taylor, the same jacket, the same jeans, the same loafers, and the same watch.
“Isn’t that Shin Woo-hyuk? Why did he come here?”