The Genius Grandson Of The Cash King Becomes A Tycoon [EN]: Chapter 106

#106

“Are you kidding me? Are you offended by the amount of one won [Korean currency, virtually worthless]? Or do you simply not understand the value of the card company?”

Gu Hyeon-ji was taken aback by Jeong-hun’s firm words.

‘What? What is he talking about? There’s no way the value of the number one company is one won.’

It was an unbelievable price.

To offer one won is insulting.

Acquiring the leading card company for one won?

Absolutely not.

I have my grandfather’s reputation to consider…….

“In fact, even one won is too much. If we don’t acquire it, the entire group will sink due to the payment guarantee for the card company. It will cost a fortune to get AR Card out of this quagmire. According to our calculations, we need 700 billion won next week alone. Am I wrong?”

“How did you know that……”

Jeong-hun had already accurately seen through Gu Hyeon-ji’s hand, which should never have been revealed.

It was thanks to the articles from his past life.

AR Card is sinking because of 700 billion won.

And it will be acquired by a card company affiliated with Star Group.

For just one won.

“The capabilities of Shinhwa Group are beyond your imagination.”

Of course, Shinhwa’s capabilities are more than enough to know.

If Cha Young-mi and Cheon Jin-hyeok investigated AR Group once, it would be revealed, but there was no need to do that.

Instead, it’s better to present it as our own ability.

People tend to overestimate the abilities of others.

Jeong-hun judged that it would be more advantageous for his future plans.

“Still, one won is absolutely unacceptable.”

“How much do you want?”

“I need to receive at least 300 billion won. This is a matter of pride.”

“Pride? Do you learn about pride when you study business administration? I only know the law, so I’m not sure. There’s no need to include pride in just one won.”

Jeong-hun said sarcastically.

Her face flushed, and she couldn’t say anything.

She remembered what she had said.

‘The management premium is basic in business administration, but you wouldn’t know since you don’t know business administration…….’

Business administration didn’t teach pride.

She cursed inwardly at his petty behavior of returning the favor.

‘Damn it, this is so frustrating.’

But she was ashamed.

She had attached meaningless emotions to numbers.

“If you buy the card company for one won, does that mean you’ll accept the amount we proposed for the other assets?”

Jeong-hun shook his head, and Gu Hyeon-ji’s face turned ashen.

“No. Half, plus alpha.”

“That means you’re not going to make a deal.”

“Your grandfather was the one who rejected my offer that day. And I warned you that day, didn’t I? If the conditions and circumstances change, so does the negotiation.”

Eventually, a sharp voice, like scraping glass, came out of Gu Hyeon-ji’s mouth again.

“Are you kidding me? You were talking like our white knight, but now you’re acting like complete thugs……”

Tears welled up in Gu Hyeon-ji’s eyes.

A moment of silence passed between them, and Jeong-hun spoke calmly.

“What are you going to do about the sale price? Are you going to accept it?”

“Is there a reason for going this far?”

Her voice still contained some of the resentment from before.

“I need to show them.”

“Show what? Your ability to buy up AR’s financial affiliates at a bargain price?”

Gu Hyeon-ji glared at Jeong-hun again with a resentful expression.

“No. That AR Group is still in danger.”

“What do you mean? Explain it simply.”

“Perhaps the amount I’ve offered won’t be enough to overcome the crisis. Then they’ll definitely short sell [bet against the stock]. They’ll bet on the stock price falling, and……”

Gu Hyeon-ji looked at Jeong-hun and swallowed the saliva that had gathered in her mouth.

‘Ugh, annoying. Just say it already.’

“They’ll announce it. A 1 trillion won loan, or even 2 trillion if you want. If the bank won’t do it, then your grandmother’s personal money.”

Gu Hyeon-ji blinked, staring at Jeong-hun.

“What are you talking about?”

“Your grandmother and Chairman Gu are drinking makgeolli [Korean rice wine] together right now. There, your grandmother will tell the chairman.”

“The Chairman?”

Gu Hyeon-ji’s voice was relieved.

But she still didn’t take her sharp gaze off Jeong-hun.

“Ugh, you should have said that earlier. What is this, really!”

Gu Hyeon-ji, having accurately understood the situation, vented her frustration to her heart’s content.

‘Ugh, I was worried for nothing because of that annoying jerk. But still, my grandmother is the only one. She’s worried about us. That guy clearly only cares about money.’

Gu Hyeon-ji still shot daggers at Jeong-hun.

Avoiding her murderous glare, Jeong-hun asked.

“How do you plan to use the sale proceeds?”

“As I said before, I’m going to focus on investing in the chemical sector.”

“That’s good.”

The nascent stage of the secondary battery industry.

It will grow rapidly in a few years.

You should always seize a growing market first.

It’s the easiest way to dominate the market.

“But what’s the alpha you mentioned earlier?”

“20 percent of AR Chemical’s stock. I’ll give you a little more than the market price for that. For future value. However, this contract will be signed after this crisis is over. It’s not the right time for a massive influx of funds into the group.”

It was a reliable ally for AR Chemical, which needed to invest a lot of capital.

Gu Hyeon-ji didn’t reveal her inner thoughts, but she was satisfied.

Still, she would lose face if she accepted it right away.

She had to restore her pride here, even if it was just a little.

She raised her chin and said with a haughty tone.

“Ah, I’ll have to think about that. I have a lot of investment proposals from various places.”

“Is that so? Then I’ll cancel it. I’ll look into China instead.”

Startled, Gu Hyeon-ji slammed the table with her palm.

“What are you talking about? Thank you for the investment.”

Having gained nothing, she shot a laser of anger at Jeong-hun.

Unfazed, Jeong-hun opened his mouth.

“If you invest in chemicals, you should also pay attention to the automotive electronics industry.”

“Yes?”

Gu Hyeon-ji’s eyes widened.

‘It’s clear, there’s a spy. It’s not Lee Hee-do’s fault.’

But the automotive electronics business was a secret known only to her and her grandfather…….

She didn’t think he would answer even if she asked.

‘Is my grandfather the spy?’

Gu Hyeon-ji shook her head and laughed.

She looked up at Jeong-hun.

‘There’s definitely something there……. What is it?’

Gu Hyeon-ji had a mixed expression of suspicion and curiosity about Yoon Jeong-hun.

Jeong-hun felt uncomfortable with her gaze.

‘Is she falling for me?’

He didn’t dislike her interest in staring at his face.

But he was already taken.

He felt sorry for Gu Hyeon-ji.

Apple’s software processing technology.

AR Group’s automotive electronics business.

Jeong-hun organized his thoughts.

Now, what he needed was a traditional automobile manufacturer.

A man came to his mind along with several automobile companies.

Musk, it was when his Tesla was launched.

***

“Isn’t it unnecessary to go that far?”

“Well, I don’t know. Our grandson says we have to.”

“Is he throwing bait?”

Hyeon Jeong-ok looked at Gu Chang-hun and nodded.

“It’s not for nothing that you’re the chairman.”

“Hey, old woman, I’m the one who built AR Group, the third-largest conglomerate.”

“Anyone would think you did it all yourself. You inherited half of it.”

“Ahem, that’s true, but I still did a lot to grow it.”

Gu Chang-hun emptied the makgeolli in his glass.

Hyeon Jeong-ok refilled his empty glass and said.

“Anyway, Jeong-hun’s idea is to throw bait, just like you said. He said they’re going to short sell.”

“Who?”

“Who else but those guys? If the Cheonjihoe [a secret society or powerful group] guys short sell AR Group, the stock price will fall further.”

Gu Chang-hun, who had been listening leisurely, leaned forward.

“That’s right. So, what are you going to do next?”

“We have to raise the stock price. The stock price fell because of the liquidity crisis, and the Cheonjihoe guys short sold it. What happens when the liquidity crisis is resolved?”

“Huh, a surge in stock prices! Then I should buy back some of our own shares this time to increase our control.”

“Ha, should I not lend you the money?”

He flinched at Lady Hyeon’s words and shrank his shoulders.

Seeing that, the corners of her lips curled up slightly.

At that moment, Jeong-hun and Gu Hyeon-ji entered the Euljiro makgeolli restaurant.

“Did you have a good talk, Grandma?”

“Yes, did you two finish talking?”

“Yes. It’s all over.”

Gu Chang-hun smiled contentedly as he looked at the two of them.

“It’s good to see Shinhwa and AR’s future standing together. How do you ……”

“Don’t say unnecessary things!”

Gu Hyeon-ji hurriedly cut off her grandfather’s words.

She looked up to the side.

Jeong-hun with an indifferent expression.

‘Well, his looks and abilities aren’t bad…… I could consider it if he wants……’

“No, I mean, I want you two to get along well.”

“Yes, we will get along well. AR Group and Shinhwa Group are strategic investors.”

“Yes, yes, get along well. If you get along that well…….”

As Gu Chang-hun was speaking, a bright light appeared at the entrance of the old store.

When he turned his head, he saw a child with a mysterious atmosphere and a bright smile entering.

It was a face that could not be compared to his granddaughter, whom he thought was a beauty.

Gu Hyeon-ji was the same.

She was confident in her face as much as her genius brain.

But she immediately felt that she was on a different level.

There was an uncrossable river between that woman and herself.

“Da-hye!”

Jeong-hun was surprised to see Da-hye, who had suddenly appeared.

“Hello.”

She greeted politely and stood next to Jeong-hun.

“How is she, Jeong-hun’s girlfriend……?”

Grandma had a triumphant expression on her face.

‘Huh, if I had a child like that by my side…….’

Gu Chang-hun looked at his granddaughter and frowned, emptying his glass.

‘Ugh, I thought he was a decent guy for the first time in a while, damn it. Ugh, I’m so unlucky.’

Gu Hyeon-ji also emptied her glass in one go.

Jeong-hun looked at his grandmother.

‘Did she want to show off?’

It’s a relief that Grandma thinks well of Da-hye.

“Then enjoy your meal. We’ll be going now.”

Da-hye took Jeong-hun’s hand and led him outside.

They enjoyed a leisurely date, walking the streets for the first time in a while.

***

The AR Group’s crisis continued.

Chairman Gu Chang-hun frowned wherever he went.

The media emphasized Gu Chang-hun’s appearance, and the crisis was further amplified.

The only four people who knew about the negotiations between Gu Hyeon-ji, the head of the Future Strategy Office, and Chairman Yoon Jeong-hun were those four.

Hundreds of billions of won were needed just to put out the immediate fire this week.

If AR, the third-largest conglomerate, collapsed, it would have a serious impact on the national economy.

The government needed to step in and mediate.

But no one except President Gu Han-soo was interested.

No, they were completely neglecting it.

Almost a year had passed since he took office.

The unhandled state affairs and the bankruptcy crisis of a large corporation were intertwined, causing a headache.

‘I’m frustrated. How would Chairman Yoon respond to this situation?’

Gu Han-soo picked up the phone.

He was curious about Chairman Yoon Jeong-hun’s thoughts.

“This is Gu Han-soo, Chairman Yoon. I’m sorry to call you so suddenly.”

“It’s nothing, Mr. President. What’s going on?”

“I wanted to hear your thoughts on the AR Card situation, so I contacted you.”

Jeong-hun’s lips were itching.

In fact, he was still writing the press release.

Gu Hyeon-ji was urging him, but he still had to wait longer.

Star Securities, an affiliate of Cheonjihoe, had begun short selling.

He had to take his time and proceed with the plan to inflict a major blow.

“AR Group is in a big crisis. Won’t they be able to overcome it well?”

“I think they will, but if they collapse, it will be a big problem. So, I’m thinking of the government stepping in a bit. What do you think?”

Jeong-hun did not agree with his position.

Government intervention could disrupt the market order.

Of course, there was also the risk that his plan to inflict a major blow on Cheonjihoe would be thwarted.

“Mr. President, AR Group is a giant company that has grown with Korea. There’s no way it will collapse so easily. I think it’s better to trust them.”

“But……. If they go bankrupt, even if it’s just a possibility, a big crisis will occur.”

“Trust me, Mr. President. I will never let it flow that way. And isn’t it said that a crisis is an opportunity? Perhaps AR Group can improve its constitution with this opportunity.”

“That’s, that’s true.”

He was secretly disappointed, but it wasn’t wrong.

And his words to trust him strangely resonated in his heart.

It seemed like he was going to do something.

No one had given him such confidence until now.

Everyone hesitated and avoided answering.

But he told him to trust him.

‘Indeed, he’s full of hope for the future. Is this youth? There’s nothing concrete, but I still feel good.’

“It was a pleasure talking to you today. I was feeling depressed, but I feel energized. I’ll trust that AR Group will resolve it well.”

“Yes, Mr. President.”

Jeong-hun paused for a moment before continuing.

“Please keep an eye on the news flash this afternoon as well. It may be the news you’re waiting for.”

“Yes? What do you mean?”

Jeong-hun did not answer.

“Then I’ll hang up.”

Gu Han-soo became curious after hanging up.

There were still several hours left until the afternoon, and he couldn’t figure out what he was going to do.

Gu Han-soo put a cigarette on the table and lit it.

‘I’ll wait for now.’

White smoke rose.

He took a deep breath and exhaled with a long sigh.

He was able to exhale his frustration along with the white smoke.

It was thanks to Chairman Yoon Jeong-hun.

Meanwhile, Jeong-hun, who had hung up the phone, confirmed the current situation with Chief of Staff Hwang Seok.

“How much short selling has come into AR Group?”

“So far, 10 billion won has come in. Most of it is concentrated in cards, electronics, and construction.”

“At that rate, it looks like it’s starting to come in earnest.”

“Yes, Chairman.”

“Announce the acquisition agreement for AR Card and the remaining financial companies to the press at one o’clock. Check the announcement I sent you.”

“Understood.”

It was one o’clock.

AR Group’s stock price soared due to Shinhwa Group’s acquisition announcement.

Star Securities, which had shorted AR Group, was taken aback.

They could suffer a big loss if they were not careful.

But……

The soaring stock price returned to its original level in less than an hour.

The sale proceeds did not meet market expectations at all.

A crisis that could not be resolved even with the sale.

All of AR Group’s stocks fell.

The crisis of AR Group, which they didn’t want to believe, seemed to be realized before their eyes.

Everyone waited for what would happen next with different calculations.