39- Yuwon Telecom (7)
#39. Yuwon Telecom (7)
Jihyeok, who was standing near the arrivals hall at Incheon Airport, was paying attention to people passing through the airport.
His rare appearance and skillful English conversation with a foreigner who seemed to be a friend made Ji-hyeok stand out quite a bit.
And a warm hug between the two of them.
Jihyeok, conscious of the gazes around him, quickly removed Samuel’s arm.
Jihyeok said.
“Hey, Sam. Just step back.”
“huh? Ah… ok. Phew… This kid is really alive. I’m glad, really.”
“What are you talking about? You’ve been on the phone all this time.”
“They appear out of nowhere for the first time in years, and I can only hear their voices, but I wondered if they were ghosts. Looking at your face, you seem to be living a good life.”
“Looking at you now, you look really nice.”
Jihyeok was talking about Samuel’s contemplation, but Samuel, who didn’t even know what contemplation was in the first place, tilted his head and asked.
“My dark circles are about to come down to my knees because I was doing the homework you gave me, but I like my face?”
“So did you do your homework properly?”
“Even if it’s not up to A plus, maybe A minus? Let’s talk as we go.”
Samuel flicked his finger over his shoulder, and the man who appeared to be his secretary quickly approached.
“Jimmy, leave my luggage at the hotel and leave the rest straight to the office.”
“Yes, Boss.”
In an instant, dozens of men rushed to the outside of the airport.
Seeing this, Jihyeok said with a humorous expression.
“Our Sammy has grown up a lot. You’re in charge of this project, right?”
“of course. If this project succeeds, I will be appointed as the head of Asia. Of course, the Asian headquarters will be set to Korea.”
“what? It must be my misunderstanding that somehow reminds me of my college days, right?”
“hehehe. See you often in the future.”
“Ooh, gross. Go away, man.”
Samuel, who had been following Ji-hyeok for a while in college due to his small stature for a white man and his shy personality, has now become a fairly well-recognized financier.
I once doubted this guy’s gender identity, but now I can tell just by looking at him how much he likes women.
‘Half a nose on the face…’
The thick double eyelids, drooping eyes, and uncharacteristically large nose.
The friend he met again after a long time had the same personality as Jihyeok thought.
It was confirmed that the foreigner’s contemplation was not very different from his own contemplation.
Samuel said, patting Jihyeok on the shoulder.
“What are you thinking about? let’s hurry. Because of the jet lag, I need to drink an espresso.”
“Oh, yes. Let’s go to our office first.”
“okay.”
***
[Vertical movement]
“Hello, Eugene. This is Samuel Bonds, the head of the Korean branch of MoreValue. Sam, hello to you too. Jeong Yoo-jin, CEO of Vertical Movement······.”
Before Jihyeok could finish introducing himself, Samuel grabbed Yujin’s hand.
“I know. From what I’ve heard, you’re beautiful. Nice to meet you, Miss Chung.”
“Nice to meet you, Mr. Bones. I heard a lot from Daniel.”
“Oh, is it? Did Daniel talk to me a lot? I beg your pardon?”
Samuel’s eyes were full of anticipation.
“Yes, that… it’s a maternal solo poem…”
“Oops… I… never was like that, Miss Chung.”
Jihyeok smiled and said.
“No… your hands are shaking right now.”
When Samuel looked at the hand he was shaking with Eugene, he pulled it away in surprise.
“Ugh…”
Just because I like women doesn’t necessarily mean I’ve had a lot of dating experience.
– Right!
Jihyeok snapped his fingers to draw attention.
“First of all, the mass media attack on Yuwon Telecom will begin next week. I will raise suspicion not only about the embezzlement of Yu-One Cosmetics, but also about Yu-One Telecom.”
“Did you look at the accounting data of Yuwon Telecom? There are more than one or two spots.”
“That’s right, all South Korean chaebol companies are similar. If it doesn’t work after creating a subsidiary and growing it moderately, you just skip the money and treat it as a loss due to investment failure. I thought that a domestic subsidiary would not do such a thing, but Yu-One Cosmetics got stuck.”
Samuel nodded.
“We did some research on the overseas investment part, but even that was a mess. The announcement that he lost 70 million dollars in IT investment the year before last was quite famous on Wall Street. They poured money here and there, turned it into an offshore fund, and exploded it.”
“Evidence? didn’t you?”
Samuel shook his head and said.
“It seemed like he also wrote a pro. When it comes to you and me, looking at the account book, you can feel it, but there are many ambiguous parts to legally bet. That’s why people on Wall Street say Korean conglomerates are really amazing.”
“Give that data to Eugene.”
“Did you not hear me? Because there is no hard evidence.”
“What does it matter? I’m going to turn it into a chirashi anyway… It is up to each individual to make their own judgment.”
Sam asked, shaking his head.
“Chirasi? What is it?”
“Ah… it’s like Bloomberg News. Maybe something more stealthy and lethal instead?”
There was some exaggeration, but it wasn’t exactly wrong, as Bloomberg News doesn’t always update only confirmed information.
The difference is the difference between a chirashi that is directed against the whole world and a chirashi that is limited to Korea.
Jihyeok said.
“That way, Mr. Yujin is handing out some data. Sam, how much money have you been allocated?”
“Five hundred.”
The unit was, of course, million dollars.
$500 million.
It was an amount of 500 billion won.
“good. The funds prepared by us are $630 million, and about $200 million more will come in this week.”
said Samuel whistling.
“Hwiyu, they said it would only hit 600 million dollars. It’s no joke.”
“Is Prime Broker ready? We’re going to move with JP Morgan.”
“Our side is Goldman Sachs. You should probably be writing the contract by now.”
“Okay, the account is divided as much as possible so that it is not specified, and it is divided into 0.1% units. The stock price will start declining from next week, but don’t be greedy and accumulate just in line with the downtrend. You know what I mean?”
Samuel replied with a smile.
“Matthew, why are you like an amateur? That’s our major.”
“I’m talking about cracking down on working-level officials. Yuwon Group is also a core affiliate, so you must be thoroughly aware of stock price trends. It can also be identified by trading volume, so random as much as possible, okay?”
“Okay, no trouble. So, how about a drink before work? How about a simple stay at the hotel?”
From noble mtl dot com.
“Sure. But… mother, is your father doing well?”
Samuel said with a slightly pitiful look.
“Mr & Mrs Cohen? I ask very quickly. If you’re that worried about it, check it out. Don’t just call me.”
Jihyuk smiled bitterly.
“It’s better to stay away for now.”
***
A week later, in the Yuwon Group chairman’s office.
President Jin Seo-joon, who is in charge of the head of the core affiliates, was reporting to Chairman Jin Seong-cheol that ‘U1 Shopping’ had completed the acquisition of the duty-free business rights owned by Yuwon DF.
“Father, if you leave me alone, I will raise my hand anyway… Is there any reason why you took over the duty-free business right?”
“why? Is it because it was a pity that I gave my little brother some money?”
“That’s not it… didn’t you take it off to clean up the U1 shopping bankruptcy anyway? It’s something you can bring cheaply at the time of liquidation…”
“I am your sister, though. We have to make it last until U1 Shopping goes public. Also, when U1 Shopping goes public next year, take half of your stake and organize it.”
The corners of Jin Seo-joon’s mouth went up.
“Thank you, Father.”
“Let’s come up with a way to increase sales so that it can be evaluated at over 7 trillion won unconditionally. With half your share, you can make at least 800 billion won. If you use that money to buy treasury stocks owned by the holding company, the succession structure will not change no matter what your younger siblings do.”
Surprisingly, Chairman Jin Seong-cheol was trying to raise the value of the company by handing over the insolvent subsidiary of U1 Shopping to Seo-yeon, and based on that, complete the eldest son’s succession structure.
It would have been much easier to complete the succession structure if he donated his shares in the first place, but Chairman Jin Seong-cheol had no intention of giving up the group’s leadership until his death, and he had no intention of paying a huge gift tax.
Jin Seo-joon once again bowed his head to Chairman Jin Seong-cheol and expressed his gratitude.
“Thank you, father. We will do our best not to disappoint you.”
“Cancer, that’s how it should be.”
“By the way, Father, what are you going to do with Seogyeong?”
“Seo-kyung is also my son, so I have to let him earn his living.”
“Then really semiconductors…”
Chairman Jin Seong-cheol interrupted Jin Seo-joon and said.
“Sounds out of place. Where are you feeling unimpressed? I plan to take off an investment corporation in Telecom, put in a decent amount of cash, and export it. Seo-gyeong’s great-grandfather has a good understanding of money games, so earning a living should be no problem.”
“Ah… that’s a very clever idea, Father. hahahaha. He told me to give him plenty of cash and even give me his stake in the holding company.”
Jin Seong-cheol looked at Seo-joon with disapproving eyes and said.
“Eldest son, listen carefully. Abby is very happy that our eldest son is a greedy person.”
– Tak!
Chairman Jin Seong-cheol slapped the table and said.
“however! Don’t let others know your greed. The same goes for your siblings. Even in a family with only one house, when the father dies, it is noisy these days because of lawsuits among the children. You will listen to your siblings’ resentment while your father is alive, so you should always remain a good older brother to your younger siblings. So the house is quiet. Do you understand me?”
“Yes, father. I will keep that in mind.”
“Then, give half of the money you took from cosmetics to Seo-yeon.”
“Father, I used it to buy shares in the holding company…”
“Did you think Abby didn’t know that much? If the holding company’s stake had moved that much, I wouldn’t know. It’s okay to wear another pocket. If you get caught, you should at least pretend to be sorry.”
Seojun Jin answered while sweeping his hot face.
“Okay, Father. I was short-tempered.”
“Okay, stop going.”
***
a few days later
Jin Seo-joon was lost in thought as he touched a USB stick.
“Ha, I’m going crazy.”
At that time, Chief of Staff Jeong Hong-sik rushed into the president’s office without knocking.
As soon as Jin Seo-joon saw Jung Hong-sik, whose face was reddened, he cursed at him.
“Boss, it’s a big deal…”
“You bastard, how are you going to do this? Bitcoin is not mackerel, does it make sense to cut it in half? What is half and half? It looks like it’s cut into pieces in tenths. Chief Jung, the loss is 60 billion won. You can’t repay this even if you earn it for the rest of your life, you know?”
In response to Jin Seo-joon’s verbal abuse, the chief of staff forgot what to say and made excuses.
“That… that… if you hold it, it will definitely go up. The trend of the times…”
“Nimi, you have to make 40 billion right now, but do you have a trend of the times? Take this and clean it up, and Chief Jeong fills in the missing 20 billion on his own. okay?”
“Boss, now is not the time for that.”
“Why are you acting like a dog that wants to poop? What is it?”
Jeong Hong-sik swallowed and said.
“Now, the Central District Prosecutor’s Office has opened an investigation into executive director Hwang Ki-seok’s embezzlement case, and it appeared on the portal.”
“what? So, what does Hwang Ki-seok say?”
“Hwang Ki-seok has done a good job of controlling his mouth… but it seems like a joke is going around. The president is embezzling funds from Yu-One Cosmetics and Yu-One Telecom…”
Jin Seo-jun jumped up from his seat and said.
“This crazy… Block everything. Mobilize the publicity department and block them all!”
“Calm down, boss. We have already given instructions to the public relations office.”
“The president? Do you know?”
“Come up to the president’s office right now.”
“Ah, X arm. Call the executive meeting and wait. I’ll see the president and come right away.”
“Yes, boss.”
***
[Youwon Group Chairman’s Office]
“Heh heh, President Hong. Did our Yoo-won do anything to make the Joongsun Ilbo upset?”
– What do you mean, sir?
“Don’t be shy. Aren’t the articles that are currently popping up on portals, Internet newspapers managed by Joongseon Ilbo? I won’t say anything Take it all down.”
– ······Sorry, Chairman.
“Hey, are you really going to do this? How much is the advertisement we give to the Joongseon Ilbo…”
– You know, I know… Aren’t I just a salary earner?
“what? You mean Chairman Lee ordered it?”
– I can’t tell you that far, Mr. President. Anyway, you’d better fix it soon. Rumors have been circulating in the stock market since last week.
“Okay, call me back later.”
After the call, Chairman Jin Seong-cheol called the secretary’s office.
“Seoyeon should come in right now. hurry!”