Chapter 323 – Part 2. 1993

Seong-jin took Kim So-young and went straight to work at the securities firm.

Of course, with President Kim Hyun-sam’s surprise announcement of the real-name financial system yesterday, the stock market crashed from the start.

The stock price of Jangsung Electronics, which had risen to the 40,000 won range, fell to the early 30,000 won range.
Of course, Seongjin started sweeping up, claiming that he was right.

Even in the over-the-counter market after the market close, foreigners’ sales exploded like bombs.
After receiving and eating all of that, the stake in Jangsung Electronics was over 10%.
In the end, the stock price of Jangsung Electronics broke the 30,000 won level and closed the market.

But that wasn’t all.

Next day..
Jangseong Electronics Chairman’s Office..

“Sashimi.. Chairman, it’s a big deal.”

Kim Seung-ho, head of the Strategic Planning Office, opened the door to the chairman’s office without fear and rushed in.

“What is it that makes such a fuss? Where do you think you are right now?”

Chairman Gun-ho Jang immediately burst out screaming.

“I’m sorry… I’m sorry. However, a little while ago, the National Pension Service announced that it would sell all shares related to the Jangseong Group.”

“What… What? What does that mean all of a sudden?”

“We also looked into the corporation through personal connections, but not long ago, we heard that an order came from above suddenly, but we didn’t hear any information.”

“What? At the Blue House? Why suddenly at the Blue House? What did you do that made you sad?”

“That… There is nothing to be displeased with us at the Blue House. If..”

“If? What?”

“Isn’t it something related to Seongjin Lee?”

“What? Are you saying you want to go to war with me? Hurry up and find out the changes in your stake.”

“Yes. All right.”

The Jangseong Group is now in an uproar.

Due to the real-name financial system announced by the president yesterday, the group’s assets in borrowed names, more precisely, the assets hidden by the late former chairman, the father of chairman Jang Gun-ho, had to be returned to the group as soon as possible.

Due to the sudden death of Chairman Jeon, Chairman Gun-Ho Jang has not yet recovered all of the group’s assets.

Moreover, the closest aides to Chairman Jeon are still occupying important positions as the group’s president and executives, so there were many obstacles in expressing his will.
Even when investing in semiconductors, how severe was the opposition of the old executives?

So, by announcing new management in Germany this time, we prepared a foothold to take out old executives, and the president of Jangsung Electronics was also able to appoint a new one as the closest aide to Chairman Gunho Jang.
At the same time, momentum was gained, and the construction of the second semiconductor factory could now be properly promoted.

However, yesterday’s announcement of the real-name financial system put a brake on Chairman Kun-ho Jang’s plan.
Group reform is also important, but what happened was that the hidden property had to be recovered quickly.

If the government came out with a special tax investigation by mentioning the real-name financial system during this time, they could have lost all their assets.

I didn’t really care that the share price fell yesterday.
Of course, the stock prices of conglomerates with borrowed-name properties fell more, but it was not just Jangseong Electronics that was missing, but all stocks were missing, so it would return to its original position over time.

However, to make matters worse, the National Pension Service suddenly announced that it would dispose of all shares of the Jangsung Group.

This was tantamount to providing stock investors with tremendous information, and from the perspective of the Jangseong Group, it was a terrifying bad news.

It could be interpreted that the government had taken the Great Wall Group, or that the Great Wall Group could soon cause a big problem.

In the past, during the days of President Jeon Woo-hwan, there was a case where a large corporation called Kukje Group, which was ranked in the top 5 in the business world, was dismantled for a very trivial reason.
Of course, since it is now a civil government, it will not go that far, but the government personnel have not yet escaped the constitution of the old military regime.

Chairman Gun-ho Jang had no choice but to be extremely nervous right now.

In the case of a special tax investigation, as usual, it could be done by bribing public officials and fighting public opinion, but if the government decides to disband the Jangseong Group, there is no way to stop it.

I even thought about moving the head office to Japan.
But then what to do with so much property under borrowed names?

Chairman Gun-Ho Jang summoned Director Seung-Ho Kim again and ordered him to mobilize all available personal connections to find out why the government was selling stocks in the National Pension Service and where they were selling them.

Things were proceeding smoothly according to Sungjin’s plan.

Seong-jin, of course, knew when the real-name financial system would be implemented, so he ordered the president of a securities company to receive stocks from the National Pension Service as soon as the real-name financial system was announced.

However, it was a surprise show that the president even disclosed the contents to the media to see how much he had read Seong-jin’s intentions.

The stock price of Jangsung Group fell like crazy.

At the end of the chapter, the 20,000 won line was eventually broken.
Of course, the stocks of the National Pension Service were purchased at the closing price the day before.

After the market closed, foreign shares also poured in relentlessly.

In just two days, Sungjin was able to acquire a 22% stake in Jangsung Electronics.
In addition, the share held by the National Pension Service was 4.8%.

Seongjin’s stake in Jangseong Electronics was 26.8%.

It couldn’t have been a huge stake.
Now, Sungjin’s opinion was inevitable to be reflected in Jangsung Electronics as a major shareholder.

Of course, it also cost a lot of money.
It took over 340 billion won to take a 26.8% stake.
The average purchase price of Jangsung Electronics shares was around KRW 28,000.

I even owned more than 2% of stakes in Jangseong Heavy Industries, Jangseong Construction, Jangseong Mulsan, and Seil Industries, but originally, the stock prices weren’t that expensive, and I bought them in a declining market after the announcement of the real-name financial system, so it didn’t cost a lot of money.

“Heh heh. Chairman Gunho Jang. Let’s stick together now… Can you dare ignore me, the major shareholder…”

Even after two days, the stock price of Jangsung Group showed no sign of calming down.
This was the case even though the Jangseong Group had issued a statement and had been extensively defending itself through Jangseong Securities.

The government was supposed to say something, but the government was still silent, so the mayor was paying close attention and trying to get out of the Jangseong Group as much as possible.

Even though Chairman Jang Gun-ho requested a meeting with the president, the Blue House did not respond.

So, Seong-jin happily picked up not only the stocks of Jangseong Electronics, but also the stocks under the Jangseong Group.
An additional 30 billion won was invested in two days.

As a result, Sungjin’s stake in Jangseong Electronics became 30.1%.
In addition, stakes in Jangseong Heavy Industries, Jangseong Construction, Jangseong Mulsan, and Seil Industries have also become powerful major shareholders with approximately 5% stakes.

The funds for the stock purchase of the Jangsung Group include 50 billion won that Sungjin borrowed from Mirae Credit Bank, 60 billion won in profits from investing the funds in Japanese yen futures, and a portion of 500 billion won invested in HK Securities Fund by Mirae Life Insurance Company, Mirae Construction. , Mirae Health, Kim Hee-kyung Food, and Heekyung Distribution were 150 billion won.

If the situation had not supported him, no matter how much money he had, he would not have been able to purchase the shares of the Jangsung Group.

It would not be an exaggeration to say that these days, Seong-jin lives for the fun of watching the monitor in his room at HK Securities.

Jangsung Electronics’ stake exceeded 30%.
Now, it was Seong-jin who was only researching how to mess with Chairman Gun-ho Jang.

While I was smiling and imagining things by myself, the president of a securities company came in.

“President. I received a call from the United States, but it seems that the general has dispatched personnel to the United States. He says he is looking for people who have bought stock.”

“Yes? What do you mean?”

“When I created an investment account in the US, most of them were made using homeless people. We got all the paperwork in advance and turned everything over to us through a power of attorney. But it looks like someone is digging into it.”

“I don’t know who it is even if I don’t see it. It must have come from Jangseong. A large amount of stocks were purchased by our securities company, and suddenly a large amount of trading was carried out overseas… Isn’t it a problem with borrowed-name accounts?”

“As I said, they are homeless, so you won’t find out who they are. However, there is a “What if” So I have to create an alternative.”

“What alternative?”

“It is to create an investment company in the United States. That’s why we hand over all stocks there.”

“Ooh, that’s a good method. Anyway, since the President has released all overseas investments from this year, maybe there may be a better way to make a profit. Then, the president, please discuss with our law firm and set up an investment company in the United States as soon as possible.”

“Yes. All right.”

Seongjin’s head suddenly started spinning rapidly.
The conversation with the boss just now brought back memories from before returning.

And then I came up with some fun ways.

Now, the IT era has arrived in the United States.

In Korea, the early high-speed Internet called ISDN is commercialized from the end of this year.

Also, in the United States, as President Clinton and Vice President Al Gore started the information-oriented highway project, IT companies are rapidly emerging, centered on Silicon Valley.

At this time, it seemed that investing in just a few IT companies in the US could make a big hit.
The IT companies that Seong-jin knew before returning began to come to mind.

It was Seongjin who was slowly turning his head abroad.
Then he thought that he should also think about exporting wet wipes overseas.

Seong-jin called the president of the securities company again.

“Boss, let’s talk to the lawyer I mentioned earlier, right away. Ask the lawyer to come in.”

In this way, Seong-jin met attorney Kim after a long time and instructed him to establish an American investment company and obtain an international patent for wet wipes.

I was taking a sigh after finishing my busy work, when my phone suddenly cried loudly.

“Uh? Yes gyeongmi Why did you end up calling me?”

[Ha~ Oppa. I really will.]

Kyeong-mi’s annoyed tone burst out to say something.

“Why? Suddenly… What happened?”

[I mean Sora-senpai. Jin So-ra… I’ll call you every day and go crazy…]

Seongjin laughed out loud at Kyeongmi’s complaint.

She released Jin So-ra from her villa and said that she could call, and she called Seong-jin every day.

‘I want to see you, Master. I love you, master. Master, please take me away.’ Etc.

Jin So-ra completely changed into Seong-jin and Kyung-mi’s assistant, and she started calling Seong-jin almost like a stalker.

So, Seong-jin said that if she called her about useless things, she would never see her again.
But that’s just because he didn’t call Seongjin, but instead, he turned his arrow to Kyungmi.

[Brother. I’m going to get neurosis like this. He calls me often and says he misses me and says he loves me. I managed to stop you from coming to my house right away a while ago. How do you do this?]

“Quack. What to do? What to do? Just tell me to come, so you can play with me.”

Seongjin laughed and started teasing Kyungmi.

[What do you want to play? I completely ruined this exam, but I have to study to do well in the next exam. Huh.]

1993 was the first year that the college entrance exam was conducted instead of the academic ability test.
And, unusually, it was a year in which the exam was held twice, in August and November.

Kyung-mi, a senior in high school this year, was still studying with Seong-jin without giving up her dream of going to college with her.
So, she took a break from acting for a while and was preparing for the college entrance exam.

“Okay. I’ll try my best. Study or work hard How do you think you will go to college next year?”

[Ah~ I don’t know. Totally screwed up. I want to go to college with my brother, but I’m afraid I’ll have to give up college at this state.]

Kyeong-mi made a crying sound.

“Don’t stress too much and do what you do. If it doesn’t work, you can do your best in acting. Jin will lead you. Cow. La. There are also seniors. Haha.”

[Oh~ Bah~]

Kyeong-mi whispered into the phone.

Sungjin talked to her Kyungmi a little more and then hung up on her.