Chapter 387 – Part 3

Seong-jin, who started the New Year noisily because of Jin So-ra, had to work busily from the day after the holiday.
As the group grew, Seong-jin, who only attended kick-off ceremonies for HK Food and HK Distribution, visited HK Securities the day after the kick-off ceremony.

“Did the kick-off ceremony go well yesterday?”

“Yes. President. Last year’s performance was good, and the atmosphere at the company was very good, probably because we are now preparing for an IPO.”

“Thank god. Are we preparing well for the upcoming listing of our group?”

“Yes. The preparations are already complete. If you set a date, our securities company, holding company HK Co., Ltd., Mirae Construction, etc. Can be listed immediately.”

“It’s good. As we waited for a long time, let’s hit the jackpot this time.”

“Yes. HK Food and Mirae Construction are so debt-free and sound companies, so I think it’s a matter of getting the upper limit immediately after listing.”

“Is it so? Then, what do you expect the expected offering price and total amount to be?”

“HK Co., Ltd. Plans to issue 50 million shares at a par value of 5,000 won, and the expected public offering price is expected to be 25,000 won. Mirae Construction expects 30 million shares at a face value of 5,000 won, the expected public offering price is 12,000 won, and HK Securities expects 20 million shares at a par value of 5,000 won and the expected public offering price is 7,000 won.”

“Hmm.. Then, if we were to publicize 45% of the total stocks.. It would be around 780 billion won.”

“Yes. You’re right. It can’t be a really staggering amount. It’s like a dream that I’m going through such a large-scale listing. I felt this while preparing for listing, but how the hell did you create a company like this? You are so amazing. HK Food has nearly 4,000 affiliated stores, and the available assets such as chicken factories, cheese factories, factory land, and various vehicles are really huge.
But in addition to the good world, future health food, and the food service company announced as a government policy this time, HK catering, kimchi company, and HK kimchi, if anyone who didn’t know this really saw this, I would think that the chairman was sweeping away all the money in this country. Haha..”

It couldn’t have been really huge.
Reference At that time, the market capitalization of Jangseong Electronics, the largest electronics company in Korea, was slightly over 2 trillion, so it can be roughly predicted how successful Sungjin’s HK Food was.

“Whoops… I just got lucky.”

“No. This is never going to happen just because of luck. What about Future Construction? I found out during this internal due diligence, but there is an enormous amount of land as company assets in the Seongnam area. Have you received anything from the government by any chance?”

“What is the word? It is just to predict how Seoul will develop and what will happen in the future.”

“If, as the president said, the future predictions are correct… It’s really… Unimaginable. You are amazing.”

“Ah.. That’s why, boss..”

“Yes. President.”

“After the listing of our group is over this time, reduce the proportion of domestic stocks to less than 50% by the end of June.”

“Yes? What are you saying all of a sudden..? It is a booming investment period that has not been seen before due to the president’s export and investment policies.. Why is that?”

“Hmm… The president is right, but. Why do you keep showing the uneasy part?”

“Hey.. Which part? This is a really important story.”

“What do you think of the North over there, boss?”

“Yes? Are you talking about North Korea? Isn’t the atmosphere of reunification rising because of the talks between North Korea and the leaders these days? The atmosphere couldn’t be better than this. Why would you do that?”

“Hmm.. I feel like I’m going to have a problem all of a sudden.”

“Yes? If it’s a problem… What problem are you talking about?”

“Boss.. You must never say this anywhere. If you make a mistake and get into the president’s ears, you’ll be in big trouble.”

“Yes yes..”

“My feeling is that Kim Il-sung will soon have trouble.”

“Yes? No.. What do you mean… There is a conversation going on between working-level officials in the middle of a summit meeting right now…”

“It’s just… That’s how I feel. Feeling.. Maybe because Kim Il-sung is too old..”

“Hmm.. Could it be that a person who is thought to be a god has to die? Heck.. Then, if Kim Il-sung really dies, what will happen to North Korea?”

“That is what I mean. There may be great confusion. So, just in case, let’s take a step back from the domestic stock market. Instead, let’s invest more of that money in the US.”

“Yes.. Yes.. I understand. Come to think of it, something really big could happen. Somehow, unofficially, there have been rumors that North Korea’s Kim Il-sung has been unwell since the end of last year. We will prepare it right away.”

“No. You don’t know what will happen, so reduce it slowly while watching the situation. All we need to do is to lower the proportion of domestic stocks to less than 50% by June.”

“Yes. All right. Ah!! And I got a call from the US. It is the news that we have purchased more than 50% of the shares of Qualquen and that Yahoo has acquired 51% of the shares of a venture company under the condition of not interfering with management rights for an investment of 1.5 billion won.”

“Ohhh, you finally acquired Yahoo. Haha..”

“What is Yahoo doing? Listening to it, it seems that some graduate students are now trying to make something with a computer…”

Haha.. There is such a thing. You will know later.”

Seong-jin couldn’t be so happy about the Yahoo takeover news.
How can we not be happy to have acquired more than half of the shares in a place that became the hottest blue chip company in the world in the late 1990s for only 1.5 billion won?

“Please go public this time and send 100 billion from the incoming funds to the United States. I will have to take this opportunity to stretch my feet further into the US stock market. And please order me to buy all the Qualquen shares you have.”

“Hey.. 100 billion each? Al… I see.”

A smile did not leave Seongjin’s lips, probably because he kept hearing good news.

“I… Chairman. Then, what about Jangsung Electronics stock? Shall we dispose of it during the first half of the year? From what I hear, you seem to have a pretty close relationship with the president.”

“Of course, you should also dispose of Jangsung Electronics shares. Oh no. Leave it alone. Because I’m going to show off with Jangsung Electronics. What is the current stock price of Jangsung Electronics?”

“Recently, the stock price fluctuated as Chairman Hong Ra-kyung was replaced, but it recovered to the 90,000 won mark.”

“Hmm.. What we have is about 10% of Jangsung Electronics’ shares, right?”

“Yes. The approximate average unit price is a little less than 30,000 won.”

“Hehe.. So, even if I pass it now, it’s triple the profit?”

“Yes. We bought our shares for about 200 billion won, so if we sell them now, it will be about 600 billion won.”

“Cheuk.. I get it. It will be close to 1 trillion soon. At that time, I will have to make a deal with Jang Sung Electronics and pass it on.”

“Yes? There seems to be no incentive for Jangsung Electronics’ share price to rise further. The outlook for the global semiconductor market is not so good either.”

“Ah.. That happens. It will be announced soon. If the CEO wants to make money, buy some stocks of Jangsung Electronics now. Haha..”

“Oh.. It looks like you have some good sauce. Ha… But I’ve already put all my money into the HK Group contest. Heh..”

“Oh… Well… That’s not too bad either. Haha..”

The two men’s laughter was overflowing in the HK Securities chairman’s office…

The HK listed stock contest, which took place two weeks later, was an item that the market had already been expecting, so an enormous subscription war broke out.
The public offering price, which was expected to be 25,000 won, vomited over 30,000 won at the same time as the listing, and Mirae Construction also quickly exceeded 15,000 won.
As expected, only HK Securities maintained the 7,000 won level.
Only 45% of the total stocks were released to the market, but the amount of money that came to Sungjin on that day exceeded 900 billion won.

Sung-jin immediately sent 100 billion won to an investment company in the United States, and ordered them to buy mainly Qualquen stocks, but from now on, mainly IT stocks.
It was the advent of the Silicon Valley IT bubble era.

A few weeks after the successful listing of HK Group…
Seong-jin and her mother, Hee-kyung, received an invitation to a party from Jang Sung-e.
The inauguration ceremony for Mrs. Hong Ra-kyung as chairman was to be held.

The time is the first Friday of February, right before the Lunar New Year holiday.
On this day, Mrs. Hong Ra-gyeong was scheduled to make an announcement on the direction the company should go in the future and new business investment with her inauguration as chairman, and Jang Jang-jin was scheduled to officially come to the fore.

Two days before her presidential inauguration, Seong-jin was now reading her documents, sitting leisurely on the sofa in the chairman’s office at Jangseong Electronics.
The content of her document was the content that Ms. Hong Ra-kyung would announce at this inauguration ceremony, and that it would enter into a new mobile communication business through a joint venture between Jangseong Electronics and HK Group.

You may not know it, but if this information is announced, there will be a lot of waves and resistance in the business world.
If Jangseong Electronics, which produces a mobile phone called Manicol, owns a mobile carrier, it will be able to exert a tremendous influence on the market by owning almost all businesses from semiconductors to carriers.

But Sungjin could ignore all of that.
This is because it has already been approved by the president.

While looking at the documents, Seongjin slowly looked around the chairman’s office.
The president’s room was as big as a classroom, decorated with various ceramics and high-end furniture, and the sofa she was sitting on was so soft and luxurious that she wanted to ask where she got it.
Seong-jin is now sitting leisurely on such a sofa as if it were his own home.

She had just come with her mother a few months ago, and she had been sitting nervously in front of Chairman Kun-Ho Jang.

“West. How do you like the content? Lol..”

Mrs. Hong Ra-kyung, now the chairman of the Great Wall Group, was sitting on her couch next to Seong-jin on her knees, looking at Seong-jin fondly.

“Wait a minute, I haven’t read it all yet.”

“Yes. Mr. West. Can I use the intermission to do some service for you?”

Seongjin, who was carefully reading her documents, looked at Mrs.
Where did that arrogant and charismatic woman go and call a young man who is less than half her age her husband, using her honorifics and flirting with her?

Seongjin smiled and nodded and sat down with his back on the sofa as if he were lying down.
As if waiting for her Seongjin’s permission, Mrs. Hong Ra-gyeong rushed at her and took off her Seongjin’s pants and her panties down to her thighs.

From the moment Lady Hong Ra-kyung’s hand, which was already soft, touched her body, when the cock she had been raging with appeared, Lady Hong Ra-kyung let out a weak exclamation and made an ecstatic expression.
Seongjin looked at Mrs. Hong Ra-kyung’s face for a moment, then raised the document to the ceiling and started reading again.

“Haa.. So big, so hot..”

Ms. Hong Ra-gyeong carefully grabbed Sung-jin’s huge cock with both of her hands and pressed her own cheek to Sung-jin’s cock, exclaiming her admiration once again.
When his cock touched her soft cheeks like a baby, Sungjin’s cock twitched and responded.

As if that was cute too, Mrs. Hong Ra-gyeong kissed her on the tip of her glans, then opened her dainty mouth wide and swallowed her glans in one go.

Hororok.. Jjjjjjjjjjb..

By the new year, she was Mrs. Hong Ra-gyeong, now in her 50s.
But now, when she was sucking Sung-jin’s cock, she couldn’t see her aging at all.

Mrs. Hong Ra-kyung, wearing her flesh-colored blouse and tight suit skirt, is lying on her knees on her sofa. Looking from above, her slim waist and full hips make her believe that even though she is in her 30s, she is perfect. I was showing off my body.

Mrs. Hong Ra-gyeong, who had been sucking Seong-jin’s cock for a while, suddenly lifted her ass and rocked her from side to side.
When Seongjin looked at something, she was holding her cock in her mouth and lowering her hand, pulling her tight skirt up to her waist.

Her skirt rolled over her waist, revealing that her beige lace panties covered only half of her big ass.
And coffee-colored band stockings were wrapped around her thighs.

It was so sexy that Seong-jin couldn’t help but stare at her, forgetting to read her documents for a while.

“Why are you wearing a skirt?”

“Ah.. Seobang-nim… You know… It’s embarrassing, so finish reading what you’ve been reading.”

The sight of Mrs. Hong Ra-gyeong, holding her cock in her mouth and making her act cute, was sensational.
However, since she wasn’t here to have sex with her today, Seongjin laughed at Mrs. Hong Ra-gyeong’s words, then tilted her head back and read her documents.

But after a while, the obscene sound of tingling was heard, and when Sungjin raised her head again and looked at her, Mrs. Hong Ra-gyeong sucked her Sungjin’s cock and put one hand between her crotch and her panties. Was pushing her aside and caressing her own pussy.