Investor That Can See The Future

Chapter 106

The consolidation sale of Hyunjin Shipping has begun.

When trading resumed, the stock price plummeted more than 90 percent in one day, reaching 75 won. The next day, it plummeted again to 11 won. And after the closing price of 6 won, it was withdrawn from the exchange.

Hyunjin Shipping, which once climbed to the 7th position in the shipping industry, went bankrupt due to the economic downturn, bad management, and various types of corruption.

The minority shareholders who held the stock until the very end sank along with the ship. However, the captain who was driving the boat packed all her belongings and escaped safely in the lifeboat alone.

The only way for minority shareholders to receive any compensation is to make a private appearance as Chairman Chae Young-eun promised.

There was a rush of public opinion calling for the money to be released immediately. Chairman Chae Young-eun could not stand it any longer and sold the house he was living in in Samseong-dong.

The minimum sentence for the charges revealed so far is 10 years in prison. However, Korea is very tolerant of financial crimes.

In particular, the chaebols are all out on probation, no matter how much corruption they commit. However, even if embezzlement and breach of trust are somehow avoided, insider trading is a problem.

No matter how closely Jung & Kim defends themselves, it will be difficult to avoid prison sentences. The money lost by minority shareholders will not come back no matter how many years they live.

It’s a pity that Hyunjin Shipping went bankrupt, but thanks to him, I found a place to live.

I paid the sale price and paid the registration tax. As it is an expensive house, the tax was huge, but thanks to the dividend paid in advance, there was no need for a loan.

I went to see the house with Taek-gyu, Hyun-joo noona, and Eli. By car, it was only 5 minutes from the office.

The house, located in a quiet residential complex, faced the road on two sides. It was difficult to see inside because of the high brick wall.

The gate facing the flat road can walk into the garden, and the gate on the sloping road side leads directly to the underground parking lot, so it is possible to enter without getting out of the car.

When I pressed the remote control, the gate opened, and I drove into the underground parking lot. The basement had two floors, a parking lot, a warehouse, and a boiler room. Parking is available for a total of 12 cars.

Taek-gyu got out of the car and was surprised.

“Hey! There is an elevator in the house.”

I knew it, but it was amazing to see it in person. Well, including the basement, there are four floors, so it will be difficult to walk around every time.

We took the elevator up to the first floor. The door opened and the living room came into view.

Ellie was amazed.

“Wow! So pretty.”

The interior looked like a penthouse you’d see in a movie.

The ceiling was high and the view was open, and the floor was covered with white marble. Sunlight came into the house through the floor-to-ceiling glass, and I could see the garden from sitting in the living room.

Taek-gyu asked, pointing to the fireplace on one side of the living room.

“Is this real?”

Seeing the firewood piled up next to it, it seems to be real.

“The living room is so spacious that it feels empty.”

Ellie looked around the living room and said.

“It will be because there is no furniture. Sofas and tables should be well placed.”

We looked around slowly from the first floor.

The interior was not so luxurious. There are a total of four bedrooms, including a master bedroom, as well as a study, an office, a drawing room, a conference room, a movie room, and a gym.

The main kitchen on the first floor with an island-style structure has a wine bar and a separate sub-kitchen.

“The kitchen is spacious. I would love to cook.”

“Anyway, I’d cook ramen or eat jjajangmyeon.”

“That’s right.”

There were a total of six bathrooms, three on the first floor and three on the second floor.

Kitchen products such as ovens, induction stoves and sinks are all made in Germany, and bathroom tiles and bathtubs are all imported products of the highest quality. The same was true for the built-in furniture in the study and meeting rooms.

How much money did you spend?

It seems no joke that the wives of wealthy families pay billions of dollars to an imported furniture store in Nonhyeon-dong for every new interior design.

It has been 5 years since the building was built, but it was clean enough to be called a new house as the resident staff continued to manage it.

“How are you, Jinhoo? Do you like the new house?”

I nodded at Eli’s question.

“I like it.”

I bought it without looking at it, but I didn’t expect it to be this good.

Lights, wallpaper, flooring, and even bathroom faucets and doorknobs fit perfectly into the atmosphere of the house.

Even though I don’t know much about interiors, I can feel the elegance.

“Even if the management wasn’t dirty, it seems that he had a talent for decorating the house.”

Hyunjoo’s older sister smiled.

“I did not know? Chairman Chae Young-eun originally majored in contemporary art. He also has exhibition experience. Aesthetics must be excellent.”

“… … .”

Then, Hyunjin Shipping will leave it to a professional manager and continue to work in the art field. Why did you run it yourself and ruin a decent company?

We went out into the garden through the front door.

Separated from the main building, there was a small two-story building on the right. It is a space where security guards and resident workers who do housework can stay.

Ellie looked around her garden meticulously and asked with a twinkle in her eyes.

“When are you moving?”

“I do not know.”

Wouldn’t the end of the year be over if we looked at a few places and put home appliances and furniture in? Because the size of the house is so different, you have to buy all the furniture and appliances new.

Taek-gyu was constantly admiring.

“I must have made a lot of money. Buying a house like this.”

“That’s it.”

This is my first house I bought under my name. Taek-gyu bought the old house.

I bought a 500 billion won building as an office building, but buying a house is a different feeling. What was previously unimaginable is now a reality.

Hyunjoo noona put a cigarette in her mouth and said.

“Until a few years ago, no one expected that Hyunjin Shipping would go bankrupt. You never know when a company will turn out, so you have to be more careful when things are going well.”

Even global companies such as Kodak and Nokia collapsed in an instant because they could not read the flow. There’s no way we shouldn’t be like that.

I nodded.

“I’ll keep that in mind.”

Hyunjoo’s older sister smiled.

“Still, both of them have been through a lot. Congratulations on your new home.”

* * *

In the meantime, some news has come.

The first was the news that Eunsung Motors had acquired JD Caps, the sixth largest in the security industry, for 300 billion won.

“A chicken instead of a pheasant?”

“This is not a chicken, it’s a quail.”

In the security industry, the top three companies occupy more than 80 percent. JD Caps was not even comparable to Xcop in terms of size, sales, and operating profit.

Since the acquisition of Xcop failed, it seems that they had no choice but to acquire and grow a small and medium-sized company.

The second was the news that the monitoring team in the key room of Eunsung Cha Group had begun an audit.

Sangyeop senior said.

She said, “If it’s just being out of the competition, there’s nothing we can do, but anyone can see that information has leaked out.”

“It won’t end quietly as long as we’re thankful.”

At my words, the old man nodded his head.

“Someone must be held accountable. Team leader Seo Sang-won will probably have a hard time keeping his position. Strictly speaking, Chan-young Han was in charge of this takeover battle, but I can’t hold the president-elect accountable… … .”

“In the end, the arrow will return to team leader Seo Sang-won.”

“Not only Seo Sang-won, but the entire M&A team were on the audition list.”

Call history, transaction history, cell phone location information, etc. can only be viewed with a warrant (except for illegal inspections by the National Intelligence Service), so the audit team instructed them to submit related data on their own.

He said he would check everything such as whether he had contacted other companies, whether he had received any money, and where he went recently.

When a company comes out like this, it’s not easy for employees to refuse. If you’re innocent, there’s no reason not to submit, and if you don’t, it means you’re not innocent.

The pride of the parties will be completely crushed.

Taehyung looked at me and said.

“Your fault has been framed by the head of a family.”

“… … Why is that my fault?”

It’s Eunseongcha’s fault for misunderstanding.

Within a few days of the audit, all the people involved in the acquisition negotiation team, including team leader Seo Sang-won, submitted their resignations.

Whether or not to repair it will be decided only after the audit is over, but it will be difficult to remain in the company in an atmosphere of betrayal.

There are a lot of employed people who want to enter the financial sector. However, there is a limited number of top-notch manpower who can change trillions of dollars.

Seo Sang-won is such an outstanding talent that he served as the Korean president of Redstone Group. At the time, he made a name for himself in the Korean market by completing several mergers and acquisitions, including Dongin Life. In order to recruit him to the Eunsung tea group, Chan-young Han personally took him and encouraged him.

But now, they are treated as traitors and are subject to auditing.

Of course, he did nothing wrong.

I remembered the man in his mid-40s who I was talking to at the bidding hall.

“I want to see you once.”

* * *

I contacted him, but he wasn’t expecting much. But I got the reply that I would meet you right away.

I met Seo Sang-won at a Japanese restaurant near my office with Taek-gyu. Perhaps it was because of his heartache, he looked more exhausted than when he saw him at the bid.

We said goodbye and then sat down.

“What do you want to eat? The tuna here is delicious.”

Team leader Seo Sang-won shook his head.

“The meal is done. I am here because I have a question for you.”

“What?”

He looked straight at me and asked.

“Are you really stealing information from us?”

Did you come running in a month out of curiosity?

“What do you think, boss?”

“Except for Vice Chairman Chan-Young Han and me, only three people knew the bid price.”

“Couldn’t it be that one of them sold the bid for a kickback?”

Team leader Seo Sang-won shook his head resolutely.

“No way.”

Everyone is under suspicion, but do you believe in your teammates until the end?

Like it.

I closed the menu and asked.

“Then how did we spend that money?”

“I want to know that. That day, I was watching the representative from the bidding hall. When the silver car bid was announced, Governor Oh Hyun-joo was clearly surprised. But the representative was not at all surprised. It was as if they were expecting that amount to come out.”

I lied casually.

“It didn’t show on my face, but on the inside, I was very surprised.”

Taek-gyu, who sat next to him, nodded his head.

“We are a bit poker-faced.”

“To be honest, our original cap was $2.92 billion. By the way… … .”

I decorated and explained how I ended up spending the money, and team leader Seo Sang-won put on a disappointed expression.

“Are you saying it was just a coincidence?”(Read more @ wuxiax.com)

Taehyung said with a smirk.

“In the original world, all sorts of things happen.”

I quietly spoke up.

“I heard that you submitted your resignation, what do you plan to do in the future?”

“There are no plans yet.”

“How about coming to us?”

It seems to be somewhat expected that something like this would come out.

Team leader Seo Sang-won shook his head as if he had nothing to think about.

“If I go to OTK Company, what will other people think?”

“I do not know. Do you think I got a seat in return for betraying you?”

“I don’t think I’ve ever lived with shame, even though I haven’t lived my life with honor. I appreciate the offer, but I will decline it.”

It’s not easy either.

I started persuasion in earnest.

“Think. The bidding results are already known. Not only Eunsung Motors, but also other companies are likely to have similar suspicions. Even if you don’t express it openly, you will feel uncomfortable inside. It will be the same no matter where you go, can you stand that gaze? Or are you going to retire and live like this?”

Regardless of the audit results, he has already been branded a traitor. He was sentenced to death, either as a financier or as an employee.

“In this industry, I am the only one who knows that Team Leader Seo Sang-won is innocent. Because I wrote the bid myself.”

“… … .”

After being silent for a long time, he struggled to open his mouth.

“If I go to OTK Company, the CEO will not be able to avoid criticism.”

It is illegal to steal a bid by buying a competitor’s employee.

Punishment may require clear evidence, but accusations can be made just with heartbreak.

I laughed bitterly.

“does not matter. It wasn’t even a day or two that I was insulted.”

During Brexit, he was insulted by the British for robbing the foreign exchange market, and by American voters who supported Diane when Ronald was elected. After returning to Korea, he has been swearing at the ruling party and government supporters for having an affair with the government.

“It’s okay if you’re proud of yourself. What else do you need to worry about?”

B2C (Business to Consumer) companies are inevitably sensitive to public opinion. That’s why I work hard on advertising to create a positive image.

However, OTK Company is a financial investment company. Since there is no direct contact with consumers, public opinion and public opinion can be lightly ignored.

I said to team leader Seo Sang-won, who was bowing his head.

“I understand how you feel, but I won’t say I’m sorry. Neither of us did anything shameful and we are proud of ourselves. But I promise you one thing for sure. If you work with me, I will surely restore the honor of the team leader.”

His eyes lit up at my words.

“How do you mean?”

I said confidently.

“If you look at what I do in the future, everyone will know that taking a $3 trillion property for a 100 million difference was nothing.”