Investor That Can See The Future

Chapter 316

When Nishida Securities accidentally sold all Toyota shares held by the Japan Public Pension Fund at 1 yen per share, the world took notice of the situation.

Some institutions have luckily succeeded in buying hundreds of shares for 1 yen. That alone was a profit of hundreds of thousands of dollars.

But 14.97 million shares were taken from just one place!

Who was it that took so much at once?

The article appeared shortly after the stock market closed.

[(Breaking News) Toyota stock 14.97 million shares. Presumed to have been acquired by OTK Company][(Emergency) OTK Company becomes the largest shareholder of Toyota for only 14.97 million yen][OTK Company, no position announcement yet][Accident caused by Fat Finger. What is the compensation procedure?][Is it possible to cancel the order?][Kang Jin-hoo, I have to express my intention to return the stock… … ]

The whole world was startled, and the Japanese archipelago was turned upside down.

-What? OTK Company took it?

-Nonsense!

-Chick show! Why is it Jo Sen-Jing Kang Jin-Hoo?

– That’s the Japanese people’s money! Give it back now!

– Can’t we just remove the stock from Toyota and issue a new one?

– It’s not that simple. If that were possible, who would buy the stock?

-The Japanese government must respond strongly!

-If you don’t return it, you will have to risk war with Korea!

– Let’s take this opportunity to reclaim our land, Takeshima!

Korea has been turned upside down in a different way.

-Oh ㅆw! Tired! No, I’m already tired!

– Hey! Did Jin-hoo Kang eat 2.3 trillion yen from the Japan Public Pension Service?

-If anything happened to the financial sector, it would be Kang Jin-hoo. Japan is completely the enemy.

– Heh, he’s really crazy. not human Talningen.

-25 trillion won! How much more money are you making?

– Wow! I’ve been in stocks for 20 years, but this is the first time I’ve seen something like this.

– Look, young man. I’ve been in stocks for over 50 years, but this is the first time I’ve seen it.

– What will happen? Should I return it?

– Of course you have to return it. This is no different than Kang Jin-hoo’s illegally acquiring Japanese people’s property.

-Why does that guy take Japanese stocks after the earthquake? Apologize and give it back!

– That’s right! It is illegal, so please return it according to the law.

-Huh? You don’t have to give it back if you follow the law

– It’s happening in Japan, so I’ll have to follow the Japanese Supreme Court precedent.

-If you go to Rome, you have to follow the Roman law, and in Japan you have to follow the Japanese law.

– There is no obligation to return as long as it is a normal merchant. It’s the fault of the one who made a mistake.

– Reminds me of the bankruptcy of Hansu Securities.

-If you give it back, it will only make the Japanese habits worse.

– You should not give preferential treatment only to Japan.

-Tell me you won’t get it back for even a week~

* * *

When it was revealed that we had eaten away 10% of Toyota’s stock, the world was in shock.

OTK Company was also outraged.

As soon as I returned to the company after meeting Hyun-joo’s older sister, Sang-yeop senior, Michael Lee, team leader Seo Sang-won, and team leader Jeong Ki-hong all rushed to the CEO’s office.

After listening to my explanation, everyone looked shocked.

I said, pointing to Taek-gyu.

“do not misunderstand. It’s not me this time. He did it.”

Taehyung nodded his head.

“Yes. It’s all thanks to me.”

Team leader Jeong Ki-hong made his eyes twinkle.

“Yeah, the deputy chief. I am respectful.”

Then he muttered to himself, “I will follow you for the rest of my life.”

Sangyeop senior said.

“I’m getting calls from all over the place, what should I do?”

I don’t know if it’s when we’re alone, but when we’re with other employees, we say respectful things.

“Don’t take it. Just unplug the phone line.”

My cell phone rang as if on fire. I only talked to my mother for a while and turned off the phone altogether.

It’s not a complete mess.

I said to team leader Seo Sang-won.

“Check the situation and report it to me every 30 minutes.”

“Okay.”

He suddenly laughed out loud.

“What’s wrong?”

“No, I remember what the CEO said to me in the past.”

“What did I say?”

“Looking at the future work, you said that taking the X-Cop for a 0,000 difference would be nothing.”

I remember.

In the X-Cop bid, OTK Company won the bid by beating Silver Sung car for $100,000. The management suspected that the bid had leaked, and team leader Seo Sang-won was treated as a traitor.

When I brought him to OTK Company, bad rumors circulated for a while. It is said that he leaked information, and he got a spot for it.

But now, no one is bringing it up.

Compared to buying 14.97 million Toyota shares at 14.97 million yen, taking a $290 million sale with a difference of $100,000 is just a kid’s joke.

“How is the atmosphere of the staff?”

“I was surprised, but I was happy. The company is making money, but there is no employee who doesn’t like it. I also have some feelings about Japan’s continued contact with our company recently.”

I smiled and remembered something.

“Ah! How about glass? Are you doing well?”

Shin Yu-ri has been working for OTK Company since the end of last year, and she is currently learning to work under the team leader Seo Sang-won. She is so busy that it is difficult to see her face at work.

“You are doing well. She resembles Vice Chairman Shin Byung-doo, so she is smart. I will teach you hard so that one person can do it.”

I nodded.

“Don’t look at the circumstances and raise them hard.”

If you want to be in charge of investing in OTK Company in the future, you need to learn well from now on.

* * *

The Japanese financial supervisory authority investigated the transaction details and immediately began analysis.

When a mistake in the order appeared, the agencies noticed and rushed in all at once like hyenas trying to devour rotten meat.

It was signed about 2,000 weeks earlier, and orders from OTK Company and Nomura Securities came in at the same time.

The purchase order entered by OTK Company was 14.97 million shares. And the purchase order entered by Nomura Securities was 10 million shares. Orders from OTK Company, which had more than 4.97 million shares, were prioritized, and Nomura Securities took the remaining shares.

If it had been 0.001 seconds faster, or if the purchase volume had been 5 million more, the Nomura Securities order would have been processed first.

If that had been the case, the Japanese government would have been able to cancel the order and collect it without much difficulty. However, this division was born because the OTK Company order was processed first.

I stuck out my tongue.

“I was really lucky. How fast did you press the key?”

Taek-gyu chuckled.

“Hey, it’s thanks to the body acuity and finger skills that I have trained with an iron fist since school days. Isn’t fast command input a prerequisite for victory?”

“… … .”

Oh, was it? Using the skills (?) learned from Japanese games against Japan.

It wasn’t just a click. Was it possible to earn 2.3 trillion yen by piling up coins in the arcade and playing Tekken?

I’m glad I left it to him. What would you have done if you hadn’t gone to the bathroom then?

Except for us, Nomura Securities took the largest amount. It succeeded in buying about 2,000 shares.

Nishida Securities has requested the return of stocks from securities companies that have purchased Toyota stocks.

Japanese securities firms, including Nomura Securities, have expressed their intention to return them all. However, foreign securities firms and funds remained silent, and some responded that they would not return them or that they had already sold them again and had no stocks.

After all, the stock they took is not even that much. What matters is us.

Already, Nishida Securities and the Japan Public Pension Fund have been receiving requests for stock return. Some representatives rushed to the company directly.

Perhaps the situation at both headquarters is worth seeing.

“What about Nishida Securities?”

“The public pension fund will claim compensation.”

It is not without the responsibility of the public pension fund for this to happen. However, as the primary responsibility lies with Nishida Securities, it must compensate for the act that caused damage to the customer’s assets.

“Can they ask you that?”

“Actually, it should be considered bankrupt.”

“Are you going bankrupt because of one employee mistake?”

“It happens often. Hansoo Securities did the same.”

The Barings bankruptcy case is a prime example.

Bearings, a British investment bank with a 200-year history, went bankrupt after Nick Listenson, who was in charge of futures and options trading on the Singapore Exchange, made losses and hid it.

He blew up a whopping £83 million!

However, Nishida Securities blew up 10 times that amount. This was more than double the market cap of Nishida Securities.

“Can I tell you a funny fact? Japan Public Pension Fund is the second largest shareholder of Nishida Securities. I own 14% of the shares.”

Taehyung burst out laughing.

“If Nishida Securities goes bankrupt after filing a claim for compensation, you will lose money again.”

“right.”

I looked out the window.

In front of the main gate, domestic and foreign reporters were encamped. The sidewalk vehicle was blocking one lane at all, as if it had hit a barrier.

They caught the passing staff and continued interviewing.

“I will have to clarify my position soon.”

I called the reporters into the lobby.

The staff set the photo line and put Japanese reporters in the front row. Then there were Korean reporters, followed by foreign correspondents.

After preparing for the press conference, I went down to the lobby.

As I walked out of the elevator, the camera flash went off without a break. I stood on the prepared podium and said.

“It has been confirmed that the OTK Company has acquired 14.97 million shares of Toyota.”

Then, as if waiting, questions poured in.

“How did you know you bought the stock?”

“Didn’t you have any information beforehand?”

“Were there any problems during the acquisition process?”

“I understand that Nishida Securities and the public pension fund have requested a refund. When will you return it?

I answered the question.

“All possibilities are open and under review.”

“What review do you mean?”

“Isn’t that just delaying the return and wasting time?”

The Japanese reporters asked the question on the premise that it was natural to return it, as if it had been squeezed.

who wants?

“If I return my shares at will and cause losses to other shareholders, wouldn’t it be a breach of trust?”

At my words, the Japanese reporters put on an absurd expression. Because there are only two other shareholders.

NHK reporter said.(Read more @ wuxiax.com)

“Since it was an accident caused by a mistake in the order, shouldn’t it be returned?”

I asked casually.

“Who can tell if that was a mistake or a trade-off?”

The NHK reporter asked again, seemingly absurd.

“Then are you saying that selling a 150,000 yen stock for 1 yen is not a mistake?”

“It is most likely a mistake.”

“Then of course… … ?”

“But who doesn’t make a single mistake while trading stocks? Incorrectly entering the asking price and quantity, or entering the bid and sell in reverse. How many stocks are traded by mistake in one day on the stock market? If I had to return them every time, would it be possible to make a proper transaction?”

“As a result of that transaction, OTK Company has made a profit of 2.3 trillion yen!”

“If you say you have to return a profit because you made a profit, think of the opposite case. If Toyota goes bankrupt tomorrow and the stock purchased for 1 yen becomes 0 yen, will you compensate OTK Company for 14.97 million yen?”

“Does that make sense?”

“Then shall we talk about something that makes sense? Let’s say I bought 14.97 million shares by mistakenly entering the asking price as 160,000 yen. It was a mistake, so if I ask for a refund of 10,000 yen per share, a total of 149.7 billion yen, will you compensate for the difference? Can the Japanese government promise to pay compensation to all investors who mistakenly sold their stocks high or cheap on the Japanese stock market in the future?”

“That, that… … .”

The bottom line is that there is no clear standard to distinguish whether it is a mistake or not. Well, in this case, no matter who you look at, you are right.

The Sankei Shimbun reporter shouted.

“It is the old-age asset of the Japanese people! To intercept a mistake or whatever is equivalent to stealing or looting.”

“OTK Company must act responsibly!”

“The international community is watching.”

“Are you thinking about the negative impact this event will have on Korea-Japan relations?”

As other Japanese reporters took sides, the Sankei Shimbun reporter raised his voice even more.

“Do you have any apologies to the Japanese people?”

“Apologize?”

I tilted my head as if I didn’t understand.

“The mistake was made by Japan, so why am I apologizing? A person must have a sense of humor. You have to be ashamed of your mistakes, you have to keep your promises, you have to know how to obey the law.”

Then the reporter’s face turned red with anger.

“Is that what you say to the Japanese people?”

Other Japanese reporters were also angry at once.

“Is this your official position as the CEO of OTK Company?”

“Are you insulting Japan now?”

“Apologize for the gossip right now!”

I shook my head.

“It was not my opinion, but the remarks made by Chief Cabinet Secretary Hayashi when South Korea demanded compensation due to the Hansu Securities incident.”

I said it once because it seemed appropriate for this situation.

I looked around the reporters and kept saying.

“The Supreme Court of Japan has already concluded that there is no need for refunds or compensation for actions that have benefited from ordering errors. And Chief Cabinet Secretary Hayashi said that Korea should respect the judgment of the Japanese court. I will respect the judgment of the Japanese court. That is all.”