Chapter 65
Chapter 65
The moment when the counting situation changes.
In the streets and squares, the cheers of the secessionist voters resounded.
“Wow!”
Former London Mayor Boris Kane, head of the secessionist movement, shouted at supporters.
“British independence from the EU has regained its sovereignty. Now is the time of a united England, a mighty Britain!”
“Long live Great Britain!”
“England is one!”
Union Jack flew.
The remaining voters, who had been cheering for a while, bowed their heads with disappointment.
Someone muttered helplessly.
“What the hell have we done?”
* * *
Screams and screams erupted in the global financial markets.
Analysts, who had just poured out reports of what will happen to EU integration and a relief rally, quickly changed their stance and wrote a report on the economic impact of Brexit and the bleak prospects for the future.
It was around 5 a.m. local time and around 2 p.m. Korean time when the counting situation changed.
As the news came before the close, Asian stocks, which had been slowly rising, plummeted.
Korea, Japan, China, Hong Kong, Taiwan, Indonesia, Malaysia and so on. A blue light was on everywhere.
A cry erupted from financial companies that believed in the UK’s stay in the EU and placed bets on long positions.
Korean securities firms were also busy, checking market conditions and losses. However, the atmosphere was different only for a small investment company located in Yeoksam-dong.
Junggi-hong thought that the company had gone bankrupt until a few decades ago. I’m unemployed starting tomorrow, and I’ve been thinking about how to tell my parents about this.
This happened because the club senior… No, the president was crazy.
Otherwise, I wouldn’t have done the crazy thing of scraping all the company’s money and buying put options on stock markets around the world.
But that was an illusion.
Unlike his foolish self, the president was looking ahead a few numbers!
“CEO! Did you know it was going to be like this?”
“·················ogue.”
That was a real delusion.
The president had no idea it was going to be like this. He thought he was ruined, too. He came back crying loudly in the bathroom after talking to the CEO of the parent company. As evidence of that, the area around his eyes was red and swollen.
But now things have changed.
Park Sang-yeop jumped up and shouted.
“Wow!”
Then the staff all got up from their seats and shouted.
“Uh-huh!”
“Awesome!”
The stock market crashed, but put options soared. The same will happen in the European and American stock markets to be held later.
It is literally sweeping money from the global stock market.
Of course, the financial institutions in each country that issued the options will lose as much as they make, but what does it matter?
If you didn’t like that, you shouldn’t have issued that option in the first place.
The staff hugged each other and cheered.
Park Sang-yeop turned his head and said.
“Dr. Jeong!”
Jung Ki-hong answered quickly.
“Yes! CEO!”
“Call the real estate agent right away and find out if there are any buildings for sale on Tehran Road!”
I’ve often made similar jokes, but this time it wasn’t. A whopping 1.1 trillion won was bet on put options.
What will be the replacement income?
If you don’t know, it will be enough to buy dozens of buildings in the Tehran-ro area.
Park Sang-yeop was convinced by looking at the financial company buildings through the window. As of today, his name will be recorded in the history of the Korean financial industry.
‘And the names of Jin-hoo Kang and Taek-gyu Oh will be recorded in the history of the global financial world.’
I couldn’t control the overflowing joy.
Is this what it feels like to go crazy with joy?
Park Sang-yeop shouted that his neck was bursting.
“Shut off all Korean financial institutions, yes! we won! We are the best in Korea!”
* * *
Golden Gate Asia Branch.
Everyone stopped working and looked at one place with a surprised expression. On TV, a live broadcast of the BBC’s counting was played.
“Someone raise your voice!”
As Hong Kong was once part of the Commonwealth, the Asian branch also had several British employees. They were at a loss for words as they looked at the counting situation.
Most Britons working in the financial sector hoped to stay in the EU.
By the way······
“Huh?”
“What is this…?”
“This is nonsense…”
While everyone in her was shocked, only one woman rejoiced with her arms wide open.
“Jessica! saw? She did it by Jinhoo!”
Unlike Ellie, who jumped in love, Hyunjoo didn’t have the strength to lift a single finger of her. Her face was hot as she drank the alcohol she drank earlier, and her head was dazed.
Hyun-joo took off her glasses and leaned back on her chair.
“I can’t really live up to my name because of them.”
She seems to be 10 years old in one day.
She had a strong foreboding that she was going to die without money or anything.
“What are you doing? Hurry up and call Jinhoo!”
“I don’t even have the energy to dial the number.”
Ellie said excitedly.
“Then can I do it?”
“do it yourself.”
Hyunjoo closed his eyes.
She wished she could sleep like this, she thought.
* * *
7 a.m. local time, 4 p.m. Korean time.
The chairman of the British Election Commission declared that the Brexit vote was passed with 49.1 to leave and 50.9 to leave.
The fate of Britain and the EU was decided by a margin of just 1.8 per cent, or less than a million votes.
As it was a result that no one expected, the aftermath was fierce.
Asian stock markets, which were rising, fell all at once, followed by European and American stock markets.
The pound fell 20%, while safe haven assets such as the yen and gold rose more than 10%.
Surprised British people tried to convert their pounds into euros or dollars, but money changers in the UK stopped working, and even withdrawals from overseas accounts were suspended.
In fact, the country that was most embarrassed by this result was none other than the UK.
Neither the government that sent the referendum, the politicians who shouted to stay, the politicians who shouted to leave, even the people who voted and those who did not really knew that this would happen.
At dawn, Prime Minister David Holt took responsibility for the outcome and announced his intention to resign. The ball went to the secessionist politicians.
But the secessionist politicians suddenly changed their minds.
It turned out that the huge contribution the UK had made to the EU was returning to the UK in the form of subsidies. Wales, who supported Brexit without knowing that fact, was in danger of losing aid from the EU right away.
It was also false that a resignation could expel immigrants and create jobs for the British.
In order to trade with the single market of the EU, EU regulations must be followed. In other words, the movement of material and human resources could not be prevented from the beginning unless economic relations with the EU were cut off.
As the criticism grew, former London mayor Boris Kane, who was leading the secessionist party, secretly shifted his responsibilities elsewhere, saying he would not run for the general election.
It has been confirmed once again that the words of politicians are not to be believed regardless of the East and West.
Realizing that they had been deceived, the people rushed out into the streets shouting invalid votes and re-voting all at once, but the voting had already ended.
After that, the international situation also turned in a direction unfavorable to Britain.
In Scotland, where Remain was dominant, the argument for independence from the UK and re-joining the EU on this opportunity arose, and London also strongly opposed it. (Lesion prevailed in England, but Remain prevailed in London alone).
Contrary to expectations that Brexit would trigger the division of the entire European Union, the EU member states that watched the situation in the UK came together stronger.
The leaders of Germany and France joined hands and declared a united Europe, pressing Britain to trigger Article 50 of the Treaty of Lisbon.
Britain, which had previously shouted that it would withdraw, quietly backed away, saying that we would watch the situation for now.
Financial companies based in London have been busy. JPMorgan, Morgan Stanley and Kanlein Group have decided to move to Frankfurt, Germany and Amsterdam, the Netherlands, and even British banks and PEFs have hastened to prepare to leave London.
Golden Gate also announced that it would move 1,000 of the 5,000 employees working in the UK branch to the German branch.
* * *
The buildings of financial institutions in the world’s financial centers, including Wall Street, didn’t seem to go out until late at night.
The employees were busy checking the global stock market, bond market, and foreign exchange market, predicting future prospects, and finding countermeasures.
The same was true of the Golden Gate Asian branch in Central Hong Kong. The whole building was bright like noon. The employees were clinging to their work, unable to even dare to leave the office.
Chase Southwell stood by the window of his own office. His feet looked down on Victoria Harbor. The night view of Hong Kong from here is always beautiful.
He has seen many things and has gone through many things since he came here.
The collapse of the Japanese real estate bubble, the growth of China, the return of Hong Kong to China, the Asian financial crisis, the global financial crisis, etc.
This was his other hometown.
Chase recalled an Asian young man he had met a few months ago. He thought until then that he might become a great investor in the future.
‘I got the wrong person.’
The young man was already more than he thought.
He broke everyone’s doubts and mistrust, and went on for hope, even in the most desperate situations.
Even when he said no to everyone, the young man was convinced. And he didn’t back down at the last minute and gave everything he had.
I don’t know why he made that decision or where he got that courage.
But in this world, the process is not important. Only the results matter.
OTK Company won. It was truly a legendary victory that will go down in the history of the financial world.
Soon, the identity of the young man will be known to the world.
‘Is a new era ushering in?’
He realized that he had grown old according to today. If he had only been 20 years younger, he would have been able to play an active part in the era to come.
Chase called the young man who is now a legendary investor.
“Congratulations, Mr. Kang.”
[Thank you.](Read more @ wuxiax.com)“I, too, doubted until the end, but in the end you were right.”
[I was just lucky.]“Everyone has luck. But very few have the courage to hold onto it. We hope to see you again soon.”
[Me too.]The short call is over.
Chase then called his old friend and boss, James C. Goldman.
“We need to establish a Korean branch as soon as possible.”
* * *
The financial markets, which had been chaotic by the bomb of Brexit, quickly regained stability.
Thanks to the strong will of the Japanese government, the exchange rate from 99 yen to the dollar rose to 104 yen, and the pound also succeeded in a temporary rebound.
In the meantime, we liquidated the position and confirmed the profit.
Thanks to the collapse of the global stock market like a domino, K Company earned 4.8 trillion won in the derivatives market, and its assets increased to 5.9 trillion won.
OTK Company also cleared its position in the foreign exchange market.
[30,170,000,000]It was the money left in our hands after paying huge transaction fees and interest of the FX margin and paying off all the principal and interest borrowed from financial companies.
30.17 billion dollars.
About 33 trillion won in Korean Won.
It was slightly less than three times the profit.
Taek-gyu, who checked the amount, asked with a trembling voice.
“Is this real?”
“·················ogue.”
I’m at a loss for words.
Forex margin trading is a zero-sum game. Someone’s gain is someone’s loss. It was the result of looting foreign exchange reserves in the UK and Japan and financial companies around the world.
Isn’t this too much to eat?
Taek-gyu patted my shoulder and said.
“congratulations.”
“What?”
“Now you are the richest man in Korea.”
The number one richest person in Korea is Im Il-kwon, chairman of Seong Electronics Suh. The known wealth is about 20 trillion won (I don’t know how much more there is hidden slush funds).
Currently, OTK Company’s assets are KRW 45 trillion. 51 trillion if you include K company.
Of this, my stake is almost 80 percent, which is about 40 trillion won.
“·················ogue.”
If you know your mother, you’ll pass out.
