Chapter 9 of 10
Chapter 9
9 min read2,139 words
**Chapter 9 - The Genius Grandson of a Securities Tycoon (9/477)**
**Chapter 9: Why Are There So Many Entangled People? (1)**
"Public disclosure was not made..."
Well, whether a public disclosure is made or not, it shouldn't cause any harm to the company.
In 1996, the punishment for non-disclosure was so lenient that it was almost nonexistent, making it insignificant.
It wasn't until 2000 that the fair disclosure system was introduced. Before that, companies had no reason to understand the importance of disclosure and wouldn't have paid much attention to it.
Threatening to report unfair disclosure to the Financial Supervisory Service wouldn't have any effect.
So, the means to pressure the Jae Kyung Machinery would be through stock prices...
Fortunately, Current Securities is the major shareholder of Jae Kyung Machinery.
Why? Because No Kyung Bum had been actively buying shares.
If things go wrong and Current Securities dumps its shares on the market, Jae Kyung Machinery's stock price would plummet instantly.
Furthermore, if a report is released stating that the development of the wastewater treatment equipment was a lie, the stock price would struggle to recover for a while.
It might even be delisted.
Jae Kyung Machinery, as a mid-sized company, was woefully inadequate to deal with a securities firm with malicious intentions.
Kim Jae Su, the deputy manager, who was watching Jae Jun's reaction, couldn't even come up with an excuse.
It seemed like the conversation wouldn't go anywhere with such a cold atmosphere.
Jae Jun abruptly changed the mood from cold to warm.
"Come, come, Manager Kim. After all, supplying main components to HD Motors is a great piece of news. I'll pass this information to the analysts right away."
Jae Jun's words brought a smile back to the deputy manager's face.
"Really? Thank you very much. And..."
And?
And what?
Manager Kim Jae Su seemed to have something to say, pushing his tongue out repeatedly.
Jae Jun decided to turn up the heat even more.
"Go ahead, Manager. What's there to worry about between us?"
"Ah, well, you see..."
"Sure, feel free. Feel free."
"...Could you submit the report a month later?"
A month later?
"You mean, the report on the car parts in a month?"
"Yes."
While watching for any signs from Manager Jeong, Manager Kim Jae Su handed a white envelope to Jae Jun.
"Since you've come from far, I've prepared this to help with your travel expenses."
Jae Jun smiled as he looked at the envelope, and Manager Kim bowed deeply, pleading earnestly.
"Please delay it for a month. We need some time to prepare."
A whole month...
I made the atmosphere warm, but now he wants to go cold.
I can't keep the warmth going.
I have to go cold.
"Sure, I'll do it."
Jae Jun's quick agreement made Manager Kim's eyes waver.
"Thank you..."
"What's with the thanks? I'm just turning a blind eye to your company buying back its own shares. Is that something to be thankful for?"
"Ah?"
"No, it's not. It's not a proxy, is it? If you use family members, it wouldn't be a proxy, right?"
This era is like that, and I understand.
But Manager Kim Jae Su started making excuses about the employees.
"It's not that. Thinking about the hardworking employees..."
Oh, giving opportunities to employees?
Really?
It seems there's no creativity in the past.
No, it's the future that lacks creativity.
Anyway, he's putting on a show of magnanimity.
Actually, he's just trying to fill his own and his superiors' pockets.
"Listen, Manager. So, you're involving thousands of people in a scheme to help hardworking employees, and that's okay?"
"Scheme... No, it's not a scheme..."
"It's fine. It's a mutual benefit, so it's not a big deal."
"Ah, yes. Thank you for understanding."
"But what about me?"
"Me?"
"Shouldn't I get some compensation?"
"..."
"Right? You're letting the rumor about the wastewater treatment equipment, which wasn't even developed, slide. You're spreading the news about the car engine parts. Shouldn't I get something for that?"
Jae Jun pushed the envelope on the desk towards Manager Kim Jae Su.
"This money is for your pocket. But it won't even cover the helicopter fuel. Have you ever ridden a helicopter? It uses a lot of fuel."
Manager Kim Jae Su's eyes dropped.
"I don't have the authority to offer more."
Jae Jun leaned back, feigning disappointment, and clicked his tongue.
"Then, bring someone with authority. I've wasted your time so far. I'm sorry."
I know I'm being rude, but I can't help it.
Jae Jun felt strange even as he was talking.
His bold actions made his head spin.
I'm looking down on people.
Where does this confidence come from?
It seems to come from the keywords "future" and "past."
A feeling of having lived 20 years more than the people of this era.
A sense of superiority, knowing that no matter how smart they are, I'm above them.
And the people of this era seem like relics of the past to me, knowing the future.
Manager Kim Jae Su hesitated, so Jae Jun pushed him.
"What are you doing? Go out. Since I came representing Current Securities, you should bring the company's representative. Or, at least, someone who can cover the helicopter fuel."
"Yes, sir."
Manager Kim Jae Su jumped up.
He bowed deeply and walked towards the door.
Before leaving, he turned back, but when he saw Manager Jeong's stern gaze, he trembled and quickly disappeared.
After confirming that Manager Kim Jae Su was gone, Manager Jeong asked Jae Jun.
"Master, did you learn negotiation skills while studying abroad?"
"I did learn. But this isn't negotiation, is it?"
Manager Jeong laughed at Jae Jun.
Even the wild Jae Jun had completed an MBA in Australia, so he must have learned something.
But it would only be negotiation techniques up to 1996, while Jae Jun knew advanced techniques up to 2022.
This is the first time I'm using them in practice.
But after experiencing it, negotiation techniques seemed like excuses for the weak.
There are countless pieces of advice on negotiation.
Don't have preconceptions, use the authority given to you, don't rush, don't make a decision, think of alternatives, etc.
But in practice, in front of a tycoon, none of these techniques worked.
The decision was already made, so it wasn't a negotiation.
"Manager Jeong, who from Jae Kyung Machinery will come?"
"Master, with all the commotion, the vice president will come himself."
"Not the president, but the vice president?"
"Jae Kyung Machinery is currently run by the vice president. His name is Choi Jae Chul, and he's a very determined person."
Choi Jae Chul...
He's still within the palm of the Buddha.
Or, rather, within the palm of the tycoon.
***
Manager Kim Jae Su rushed to the vice president's office in a hurry.
The secretary, seeing the deputy manager running with his arms flailing, jumped up in surprise.
"Manager Kim, what's the matter?"
"Secretary Hwang, is the vice president in?"
"Yes."
"It's urgent. Please contact the vice president."
"Yes."
-Manager Kim Jae Su is here.
Though surprised, the secretary maintained a professional tone, picked up the phone, said a few words, and hung up.
"Please come in."
"Thanks."
"But what's going on at the company?"
"A helicopter landed on the roof. A helicopter."
Ah, a helicopter.
Secretary Hwang nodded in understanding as Manager Kim Jae Su opened the door to the vice president's office and entered.
"Vice President."
"What is it?"
"A helicopter on the roof."
"Why a helicopter?"
"Someone from Current Securities came. They arrived by helicopter."
"Who? Did No Kyung Bum come by helicopter?"
"No, it's... a very young person... seems to be in a high position. He said he came representing Current Securities..."
"Representing?"
"Yes."
"A young person came by helicopter... and said he's the representative? Could it be... the chairman's grandson? That... what's his name. Im Jae Jun. Yes, Im Jae Jun. Is it that troublemaker?"
"I'm not sure. But from his youth, it seems like him."
Vice President Choi Jae Chul tapped his fingers on his head.
It sounds like Im Jae Jun.
Why is that troublemaker here?
Did No Kyung Bum make a mistake?
A year ago, he sought funds from the Myeongdong loan market.
He talked to the big shot, Hwang Seon Dal, and secured the funds.
A month later, Hwang Seon Dal brought No Kyung Bum to Current Securities, offering additional funds.
And another month later, when he visited Current Securities to meet No Kyung Bum, he saw Im Jae Jun.
In the underground parking lot, Im Jae Jun was casually receiving a card from Chairman Im Byung Dal.
He seemed to live a very comfortable life.
The image of him with dyed white hair, a leather jacket, and a large motorcycle that disappeared from his mind a year later still lingered.
"Did he come alone?"
"No, he was accompanied by someone with a sharp gaze. It made my heart freeze."
If it's a sharp gaze,
"It must be Manager Jeong. If Manager Jeong is accompanying him, it's likely Im Jae Jun. What's your first impression, Manager Kim?"
"From what I saw..."
Manager Kim Jae Su, recalling Jae Jun, mumbled with a dazed expression.
"He looks handsome, but his tone is like a thug. But when you listen more, he seems intelligent, yet he speaks as if he's going to tear you apart. He seems more like a gangster than a tycoon's grandson..."
"What?"
Im Jae Jun?
A gangster... it fits him.
"Did he ask to see me?"
"Not specifically, but I felt overwhelmed. Only you can handle him. Please go see him."
"Overwhelmed? You can't handle a wild tycoon's grandson? Fine, I'll go."
Feeling important, Vice President Choi Jae Chul puffed out his chest as Manager Kim Jae Su asked.
"Vice President, what do you mean by calling Im Jae Jun a troublemaker?"
"You've never met him, so you wouldn't know. He's a notorious figure among tycoons. There's a reason for it, but he's a lost cause."
"Is that so..."
I don't think so...
Manager Kim Jae Su, despite thinking it was unlikely, reported everything to the vice president as they walked.
***
Manager Kim Jae Su and the robust Vice President Choi Jae Chul entered the meeting room.
Choi Jae Chul briefly frowned and then relaxed when he saw Manager Jeong behind Jae Jun.
He had never seen the young man sitting with his legs crossed, looking at him.
It couldn't be Im Jae Jun, could it?
He tried to ignore the young man and looked at Manager Jeong with a troubled expression.
"Manager Jeong, what brings you here?"
Ignoring Vice President Choi Jae Chul, Manager Jeong whispered to Jae Jun.
"It's Vice President Choi Jae Chul."
Jae Jun nodded and looked at Choi Jae Chul.
He's a thick-skinned guy.
It would take a lot of effort to get through to him.
Feeling confident that Manager Jeong was with Jae Jun, Choi Jae Chul extended his hand.
"I'm Choi Jae Chul."
Only then did Jae Jun stand up and shake Choi Jae Chul's hand.
"I'm Im Jae Jun."
"Really?"
Is it really Im Jae Jun?
Choi Jae Chul looked at Jae Jun carefully, not believing it.
In such a normal state?
Choi Jae Chul couldn't believe it.
Well, let's see what he says.
"I heard you want fuel money."
"Ah, I thought you were offering travel expenses."
"So, just filling up the tank would be enough?"
"Well, that would be satisfactory."
Choi Jae Chul subtly instructed Manager Kim Jae Su.
"Bring 100 million in cash."
Hearing this, Jae Jun smirked.
"Vice President, I know the company holds over 50% of the shares. About 1 million shares, right? Or did you sell them somewhere? You're in the middle of a scheme, so that's unlikely. Manager Jeong, what's the current stock price of Jae Kyung Machinery?"
"Over 100,000 won."
"Wow, 1 million shares would be worth how much?"
Choi Jae Chul's eyes twitched as he looked at Jae Jun, but Jae Jun kept smiling.
"Vice President, 100 million won won't even get me to my destination."
"Is that so?"
"Of course. My helicopter has a large fuel tank and is very inefficient, so it uses a lot of fuel."
"You're quite skilled at extortion."
"Extortion? Me?"
"Well, aren't you?"
"Is that so? Then, let's forget it."
Jae Jun stood up and extended his hand.
"I'm sorry."
If Jae Jun leaves, Jae Kyung Machinery will suffer a significant blow.
The stock price was 10,000 won a year ago.
Now it's 100,000 won, ten times higher.
If Current Securities dumps its shares, it won't just drop back to 10,000 won.
There's no bottom to a falling stock price.
It might even drop to 1,000 won.
Pride will ruin the company.
"1 billion. Cash or dollars, whichever you prefer."