Chapter 95
Chapter 95
In Seoseong Town, Gangnam, four buildings that looked like stacked blue glass were gathered to form a single complex. 25,000 employees of Seosung Group, including electronics, fire, life, commercial, card, and securities companies, worked here.
Among them, the 45th floor of Building D was the office of the Chairman of the Suseong Group.
Jinyong Lim’s official title is Seoseong Electronics Vice Chairman and Registered Director. However, his actual position is the next president of the Seosung Group.
After Il-kwon Lim, the president, fell ill, he assumed the role of acting president and led the group Seoseong on behalf of his father.
smart!
“This is Kim Myung-soo, the head of the department.”
“Come on in.”
Director Kim Myung-soo, who is in charge of the group’s core organization, the Future Strategy Office, carefully opened the door and entered.
“I have brought the material you mentioned.”
“Thanks for your work.”
After he left, Jinyong Lim stopped what he was doing and opened the material he was handed over.
It contained various information related to OTK Company. Company overview and structure, holdings of shares, asset valuation, etc.
The largest portion of the data was about CEO Kang Jin-hoo.
Family relationships, the environment in which you were raised, school grades, and other matters.
Im Jin-yong read it carefully. His childhood was no different. He grew up in a well-to-do environment, and as a result of his studies, he enrolled in the Department of Business Administration at Korea University.
“You are my junior.”
He graduated from the Department of Western History at Korea University. After graduating from college, he received a master’s degree in business administration from the University of Tokyo and then a doctorate in business administration in the United States.
Jinhoo Kang’s grades in his first year were average. So far, there is not much difference compared to the specifications of the new employees who are currently joining the Seoseong Group.
He didn’t have an elite education, and he didn’t show anything unusual.
By the way, after he was discharged from the military, he suddenly jumped into the investment market with his friend and made great achievements.
Compared to other countries, Korea has a particularly severe monopoly of chaebols. Therefore, the social structure was very difficult for new industrial capital to grow.
In the course of the recent industry change, many companies and wealthy people were born, but their share in the market was very small.
Excluding affiliates of chaebol groups, how many startups will grow into conglomerates?
However, OTK Company did it with financial capital, not industrial capital.
We raised 13 billion won in capital by selling a new product called cryptocurrency, and invested that capital in put options at the time of the L6 crisis and increased it to hundreds of billions.
Im Jin-yong paused his finger flipping through the documents for a moment at that point.
“It’s the L6 situation… … .”
Even thinking about it now, it was a nightmare.
Who would have imagined that a smartphone made by Suseong Electronics would explode with more than a battery?
If the shock was too great, there was even talk that Seosung Electronics would withdraw from the smartphone market. However, it was discontinued before further damage occurred, exchanged and refunded, and after that, the shock was completely washed away by releasing the L7.
It was he who made the decision to discontinue it at the time.
If the decision to discontinue the company had been delayed by just one week, so if the stock price collapse of Suseong Electronics had been delayed, Jinhoo Kang and Taekkyu Oh would have lost all of their money invested in put options.
Then I wouldn’t have been able to invest in startups after that, and I wouldn’t have been able to bet trillions of dollars in Brexit.
Jinyong Lim burst into laughter.
“Is this the butterfly effect?”
He thinks that his decision has made the OTK Company it is today, and it feels strange.
‘The L6 crisis, Brexit, and Ronald’s election… … .’
It is surprising to have invested in such a reckless way, and it is also strange that all those investments have been successful.
It moved as if it had looked into the future, and all those predictions came true.
“It’s like reading a novel.”
It’s just admirable.
Of course, this was not an achievement achieved alone after Gangjin. Oh Taek-gyu, Oh Hyun-joo siblings, and Park Sang-yeop.
Oh Taek-gyu, I don’t know, but Oh Hyun-joo and Park Sang-yeop were talents that could be coveted by the Seoseong Group. If you come to Seoseong Group, it won’t be a waste even if you pay billions of dollars in annual salary.
‘You may already be getting more than that.’
The combined assets of OTK Company and K Company are over 50 trillion.
It is not known exactly how much of the stake in Kang Jin-hoo is, but it is estimated that it will exceed half in various circumstances.
Each individual has over 25 trillion assets!
It is about to change the rankings of the rich and the Korean conglomerates right away. However, in terms of the company itself, the size of assets and influence are still not comparable to those of the top five chaebols.
But the problem is the rate of growth.
A company that was founded just three years ago has already made tens of trillions of dollars. Startups with stakes have great growth potential, and the fact that they played a role as a king maker in the US presidential election and made connections with US politics is another asset.
At this point, it would not be strange to call them large corporations or chaebol groups. There is no law that says not to jump over the Seosung group after a few years.
‘What on earth made an ordinary college student the investor of the century?’
Judging from the achievements so far, it would not be a hoax to say that Jinhoo Kang is the most outstanding investor in the 21st century.
‘Did the family go bankrupt?’
It is a fact that is not known to the media, but most large corporations are already aware of it.
Not only did the company go bankrupt, but his father died as a result. The important thing is that the gender difference is involved in the work.
From Jinhu Kang’s point of view, of course, there is no way he has a good feeling for Eunsung Cha.
‘Isn’t it because Eunsung Motors decided to enter the automobile industry?’
Whatever your intentions, starting in the US is a wise choice. Because Korea is practically a solo stage for Eunsung Cha.
Jinyong Lim muttered as he covered his material.
“Will it be my enemy or my friend?”
* * *
Time really passed at the speed of light.
It seems like it’s only been yesterday since I was released from the prosecution after the US election, and all of a sudden, there was only one last page left of this year’s calendar.
In spite of various political scandals and waves of opposition parties and civic groups, President Park Si-hyeong quickly settled the situation.
Articles about PAS and comments like ‘Who is PAS?’ were almost completely buried, and rumors of celebrity dating and overseas prostitution scandals filled the void.
The ruling party threw various sensitive issues into the National Assembly, and the opposition parties clashed according to the ideology of each party.
Looking at this, it is clear that Park Si-hyung’s political abilities are excellent no matter what his personality is. In other words, the opposition party, which cannot take advantage of this great opportunity, and fights amongst themselves, is that incompetent.
Anyway, I’ve been busy with my face covering.
It was not the end of returning the relatives who had invaded the house. No, that was just the beginning.
Meetings flooded in from all over the country. People from the political and business circles who would have known just by hearing their names requested a meeting, and in some cases, middle and high school classmates and military classmates came to the company.
Not to mention college seniors and juniors, there were not only a couple of other people who claimed to be close to me.
Taek-gyu asked, surprised.
“Oh oh! Did you have this many friends?”
“… … .”
It was the first time I knew that my friendships were this good.
Then, a guy called a kindergarten classmate appeared. If you meet all the people who come, winter will pass, the sun will set and flowers will bloom.
So, all requests to meet were rejected.
work comes first
We first met Michael Lee to organize the organization. He flew straight to Korea with a headhunting company representative.
He was a man in his early 40s with short hair. His stature was small, but his body looked brittle.
“nice to meet you. This is Jinhu Kang. You worked hard to come.”
“Nice to meet you. This is Michael Lee.”
As soon as Michael was greeted, he spoke in Korean.
“I really wanted to see who made Ronald president.”
I said gladly.
“I think you supported Ronald.”
At my words, he shook his head resolutely.
“Is it possible? I am a bone marrow Democrat.”
“… … It wasn’t me who made Ronald president, it was the American people.”
For reference, I didn’t vote, and I didn’t pay a penny for political support. I just invested 25 billion dollars in Rustbelt.
“But if it wasn’t for OTK Company, such a result would not have happened.”
“I wish Diane paid a little more attention to Rustbelt.”
“Hahaha!”
he burst into laughter. Even if he said that, it didn’t seem like he had any bad feelings.
We sat down and talked.
Michael Lee briefly told his story.
His parents are both Korean, and it is said that they settled in the United States when they were young. He studied hard from a young age due to the unique zeal for education of Korean parents, and graduated from Yale with good grades.
He retired from working for the global sports brand Nike until the end of last year, after which he toured the world with his wife for a year.
When he came back and said that he would start working again, love calls poured in from here and there. He said he was talking to Face Note and Unicorn Pay until I contacted him.
“But you came to see me.”
“I liked the idea of starting something new. And since her wife is Korean, she decided that it would be good for her to stay in Korea for the time being.”
Unlike him who was born and raised in the United States, his wife is Korean. It is said that he met his wife, who came to the United States to study while in school, and married him.
“I made a plan before coming.”
He handed me the tablet.
I took it and passed it on.
“Our first customers are our employees. When employees are happy, the company can grow.”
People work 8 hours a day, 5 days a week at a company. The reason I work is to make a living. That is, enduring pain for other pleasures.
Michael’s story that followed was a fresh shock.
First, work flexibly. A restaurant is created within the company to serve everything from breakfast to dinner in a buffet style, and a sleeping room and a rest area are created so that if you are tired, you can rest at any time.
He created a daycare center to commute to work with his parents, and created a gym to conduct exercise programs such as fitness and yoga while working. In addition, various hobbies, leisure, and educational activities are supported by the company.
The reason was that the health and happiness of employees was directly linked to work efficiency.
“Work should never be a sacrifice. When employees think that they grow with the company, the company can succeed too.”
It is not easy to make all of these things in Gangnam, where land is expensive. If you rent a space this size, the rent will not be a joke.
Fortunately, the OTK Company building belongs to us, and there is a lot of empty space. It is enough to make all of the restaurants, daycare centers, gyms, and rest areas he says.
A typical financial company would not even dare to do this.
Unlike IT companies and startups with an autonomous and creative culture, the financial sector is rigid and hierarchical.
This is because it is necessary to analyze and process the information and data that are pouring in every day. If you go to the dealer room right now, you can see millions of dollars going back and forth in seconds.
Although we are an investment company, we do not do day trading or scalping. Since I will mainly be managing subsidiaries and companies with stakes, it is possible to do my work autonomously.
If something gets busy, then you can adjust it again.(Read more @ wuxiax.com)
Taek-gyu, who heard the story, liked it and had another drink.
“Why don’t we create a PC room in the company so that everyone can play games together?”
Michael nodded his head.
“good idea. We will put that into the plan.”
“… … .”
So when do you work?
In any case, it has already been proven by several companies that his method actually works. So, I’m so nervous that global corporations can’t take it.
I nodded.
“How much do you think your salary is?”
Salary negotiations and detailed terms and conditions were negotiated.
After signing the contract, we held hands.
“Let’s do well in the future.”
Michael said playfully.
“Thank you, boss.”
* * *
After the recruitment of Michael Lee, the organizational structure of OTK Company proceeded rapidly.
With the introduction of Golden Gate, we started recruiting key personnel, and moved some K Company employees who were originally in charge of OTK Company to us.
Senior Sangyeop grumbled.
“How will we do business if all the employees are removed?”
“I won’t take Ki-hong-senpai.”
“… … Please take him away.”
The building went into internal construction on each floor. Various facilities will be used together with K Company.
I said it at a meeting where we had dinner together after a while.
“We do one dividend before the sun goes down.”
What would you do if you had tens of billions of assets?
Currently, almost all of our assets are tied to a corporation, so we didn’t have much cash available to us.
It does not matter if you spend corporate money as much as you want for company-related expenses, but if you use it for other personal purposes, it is a breach of trust. Therefore, it is necessary to transfer some of the money from the corporate account to the personal account by paying dividends. Of course, in this case, dividend income tax and general income tax are incurred.
“To what extent should I do it?”
Hyunjoo noona said with a smile.
“It’s up to you, the CEO, to decide.”
That being said, I think you should take some bonuses for your employees.
The end of the year drew nearer amidst busy schedules. And an interesting listing appeared in the domestic M&A market.
