The Genius Grandson Of The Cash King Becomes A Tycoon [EN]: Chapter 109

#109

“If it’s unlimited…?”

Jeong-hoon didn’t answer.

He must understand what that meant.

“Mirae Bank, Mirae Savings Bank, and even Madam Hyun Jeong-ok’s personal fortune will be used to execute the loan.”

“Is there a reason for doing that?”

“There are conglomerates that must be saved. AR Group was a beacon of the Korean economy. We don’t know why it’s faltering like this, but Mirae Financial Group and Shinhwa Group will be AR’s white knights.”

Shinhwa Group and Mirae Financial appeared as white knights.

The support of Shinhwa Group, which had grown rapidly through M&A [mergers and acquisitions] among Korean companies, and Mirae Financial Group, owned by Korea’s top cash king.

The revival of AR Group was certain.

Jeong-hoon avoided the reporters who were still bombarding him with questions and entered the group headquarters.

The security guard who was guarding the lobby held the elevator and waited for him.

He arrived at the chairman’s office and knocked on the door.

“Come in!”

Chairman Gu Chang-hoon smiled as he looked at Jeong-hoon.

Gu Hyun-ji, who was standing next to him, was also smiling at Jeong-hoon.

Her eyes were dark, as if she had been crying, making her look like a panda.

*I thought it wasn’t polite to show her a mirror, so I pretended not to notice.*

“I’m sorry for causing you so much trouble, Chairman.”

“I started smoking again because of you, after quitting 30 years ago. Hahaha.”

“I’m sorry.”

He was expressing his discomfort, but he smiled brightly and cheerfully.

“It’s okay. Did the bait attract as many as you thought?”

“It attracted more than I thought. The short selling balance is 3 trillion won [approximately $2.3 billion USD].”

“Then how much damage will those guys take? Are they losing all 3 trillion?”

“No, Grandpa.”

“Oops, I’m getting old. Short selling doesn’t have a fixed loss, right?”

“Yes, Chairman.”

“We need to inflict serious damage on them. Only then will the balance be restored.”

“Yes, do your best. Thanks to you, the future of the country is bright. Hahaha.”

Jeong-hoon looked at Gu Chang-hoon, who was nodding with a satisfied expression, and then looked at Gu Hyun-ji.

Jeong-hoon also apologized to Gu Hyun-ji.

“I’m sorry. I should have told you in advance.”

“Ha, you’re right. It would have been nice if you had told me even a little bit in advance.”

Gu Hyun-ji smiled at Jeong-hoon with relief.

From her face, Jeong-hoon was certain.

*‘AR Group can become an ally of Shinhwa Empire Group and Mirae Financial Group.’*

“The promissory notes have probably all been settled by now. And a loan of 1 trillion won will be executed tomorrow. My grandmother said you can use more if you need it. But there’s a condition…”

At the sudden mention of a condition, Gu Chang-hoon frowned.

“What is it?”

“She wants you to call her directly. Don’t be so proud!”

“Ahem… I will.”

“Yes, then I’ll be on my way. Oh, and as I mentioned in advance, we will proceed with the hostile takeover… scenario.”

“Good. We’ll grind the bones of those Cheonjihoe [a secret society or organization] bastards who don’t know how high the sky is.”

Jeong-hoon left the room.

Gu Hyun-ji stared at the spot where he had disappeared for a long time.

*‘I need a man like that, a knight who can protect me reliably. He was really shining like a knight just now.’*

Before she knew it, Jeong-hoon had entered Gu Hyun-ji’s heart.

She knows it’s not going to be easy.

She doesn’t expect anything.

But she has no intention of stopping the flowing heart.

It’s just a secret unrequited love anyway.

It didn’t matter.

The stock price of AR Group, which had secured funds through the settlement of promissory notes and new loans, was obvious.

That afternoon, many people who had gathered on the Han River bridge returned home with bright smiles.

And the ants [small individual investors] who had been investing long-term and averaging down with confidence in the company now dreamed of several times the profit.

The ants’ dream naturally came true from the next day.

In particular, the number of shares being circulated was extremely small due to the volume that Jeong-hoon had purchased through Shinhwa Securities and the American Legend Company.

And the shares that Gu Chang-hoon had bought had dried up.

In an instant, the stock price rose to the limit for five consecutive days.

And after a week, the price limit was lifted, and profit-taking sales poured out.

Shinhwa Group also bought that.

And.

“Shinhwa Group Announces Hostile Takeover of AR Group.”

The front page of every morning newspaper featured Shinhwa Group’s announcement of a hostile takeover.

Lee Seok, who saw the newspaper in his office early in the morning, wore a bitter smile.

*‘Yoon Jeong-hoon, you’re one of us after all. Falling into greed and stabbing your friend in the back….’*

A pleased smile, as if he had found a comrade, stretched across Lee Seok’s lips.

A knock was heard.

*‘What? Doesn’t he know he should never bother me at this hour?’*

Lee Seok frowned at the sound that disturbed his quiet morning.

But without permission, the door opened, and the chief of staff ran in.

“Chairman, we have a big problem. Shinhwa Group has announced a hostile takeover of AR Group.”

“I saw it. Yoon Jeong-hoon pretended to be noble, but he’s just like us.”

Lee Seok gave a bitter smile.

The chief of staff was convinced that Chairman Lee Seok did not understand the situation at all.

“Chairman, the problem is serious. If a shareholding competition starts, AR Group’s stock price will skyrocket even more. Then, to repay the shorted shares we bet on, we will inevitably suffer trillions, no, tens of trillions of won in damages. What do we do? Chairman.”

“What?”

Short covering.

We have to repay the shorted shares.

There are no shares available, and oil has been poured on the rising situation.

Hostile takeover.

AR Group’s stock price pierced the ceiling and soared into the sky and into space.

Cheonjihoe has to buy shares and repay them, spending dozens of times the money they poured in.

The risk of short selling, where profits are limited but losses are unlimited, was starkly revealed.

Lee Seok’s hands trembled as he understood the situation.

His face turned red.

***

Lee Seok stood by the window, looking at Gyeongbokgung Palace [a major royal palace in Seoul, South Korea].

His place.

*‘Seok, find your stolen place.’*

His grandfather’s last words still lingered in his ears.

Lee Hyun, the eldest son of Sunjong [the last emperor of Korea], but thoroughly excluded from history.

Despite all kinds of oppression, he survived and formed Cheonjihoe.

And through the imperial family’s secret gold bars, which were to be used for independence funds, he became a hidden power in this land.

He said it would be more profitable for him to use it than to use it for independence that wouldn’t work.

The dynasty that denied his existence had disappeared.

He was an ambitious man who tried to build an imperial family with his bloodline.

But it wasn’t easy.

Nevertheless, he was able to exert enormous influence on the Korean business world, politics, media, and military by using all sorts of means and methods.

30 percent of Korea’s power elite belong to Cheonjihoe.

Although the military suffered devastating damage due to the previous president’s massive purge, it is being rebuilt.

*‘There’s not much left now….’*

He was trying to rebuild the imperial family based on the Star Group….

This loss was fatal.

It meant a 10-year setback in the plan.

40 trillion won.

This is the loss.

And it’s still increasing.

*‘How can this be?’*

He was lost in thought, looking out the window.

“I’ve brought him.”

Judge Jo Jae-wook, who was trying to flee abroad, was caught and dragged into the chairman’s office.

He was caught hurrying to the airport with his family.

“Where are you going? Old man Jo!”

“That’s… I had to go urgently because there was a meeting with the Thai Supreme Court.”

“Hmm, are you taking your family with you when you go to a meeting?”

“Ah. Yes, I was going to go sightseeing as well.”

Lee Seok glared at him.

“Your mouth is very cunning. Our judge.”

“I’m sorry, Your Highness…”

Lee Seok gestured to the man next to him.

He indifferently grabbed Jo Jae-wook’s hair tightly.

He put his hand into his open mouth.

And with a machine-like, emotionless hand, he pulled out Jo Jae-wook’s tongue.

-Aaaagh!

Blood poured from the mouth of the collapsed Judge Jo Jae-wook.

His body was trembling in pain.

“Do you know how much the loss is? It’s not 4 trillion, it’s 40 trillion! 40 trillion!”

“Please spare me. I’ll do anything.”

Lee Seok, who had come to his senses, crawled toward him, begging with both hands.

There was no need to keep him alive.

Lee Seok picked up a chair and smashed the window of the chairman’s office.

-Clang.

The thick glass of the high-rise building shattered mercilessly, and a strong wind blew in.

“Please spare me… Please. Aaaaaah.”

Jo Jae-wook screamed and backed away.

“Now, become a bird and fly.”

The burly bodyguards lifted Jo Jae-wook, who was crawling toward Lee Seok, and threw him out the window.

“Fly away. Then you can live.”

Lee Seok muttered to himself as he watched Jo Jae-wook fall to the ground.

“Where is Park Hyun-cheol?”

“He’s waiting outside.”

“Tell him to come in.”

Park Hyun-cheol, with a very nervous expression, entered the room.

As soon as he entered, he slapped him across the cheek.

“I’m sorry.”

Park Hyun-cheol, who was suddenly slapped, knelt down and apologized.

*‘Is this bastard crazy….’*

He pretended to obey with his expression, but he was furious inside.

But he endured it.

He is a royal family member who is different from him, a nobleman.

He knows the value of blood and keeps the order.

“Are you going to let Shinhwa Group continue to run wild like that?”

“I’m sorry.”

Park Hyun-cheol was annoyed by Lee Seok’s relentless attack.

“Is there no way to make up for this loss at all?”

“There’s absolutely no way to fix it now.”

“If you raid Shinhwa Group, can’t you get more information?”

“That’s what happened last time, but I can’t access the computer. I can’t even hack it. Rather, when I tried to hack it forcibly, the computers of the Cheonjihoe hackers caught fire.”

“What is this doing because you can’t catch one of them? Deal with everyone involved in this. That guy Lee Hee-do and everyone involved.”

“Yes, I understand. But I heard that the loss is close to 40 trillion… are you okay?”

Lee Seok’s shoulders flinched.

He glared at Park Hyun-cheol and opened his mouth.

“Are you daring to sympathize with me? Star Group will not fall for this kind of loss.”

“I’m sorry. I was out of line.”

“Get out.”

Park Hyun-cheol frowned as he left the room.

He doesn’t like the way the young man acts.

But he took a breath and calmed his anger.

He is a nobleman who keeps order.

It was his duty to follow the orders of the royal family.

***

People who praised Shinhwa Group on the Internet were now filled with criticism of Shinhwa Group.

‘Wow, Shinhwa is total garbage.’

‘A black knight pretending to be a white knight….’

‘There’s no one to trust in the world. Shinhwa, who backstabbed in a Shinhwa-like way, is amazing!’

People felt betrayed as much as they had expected.

“Chairman, do we really have to go this far?”

Kang Sang-cheol looked at Jeong-hoon with a pitiful expression.

He likes to get along with people, so he was uncomfortable with the malicious comments and swearing plastered all over the Internet.

“There’s no other way. The more I get cursed, the greater the damage to the Cheonjihoe guys.”

And in just a few days, AR Group’s stock price soared into the sky and was about to go up to space.

And concerns about the massive amount of short selling were growing.

The media poured out concerns about short selling of AR Group.

And the argument that the existing short selling contracts should be invalidated was gaining strength.

In the face of money, neither the quality of capitalism nor the order of the market mattered.

Cheonjihoe had no choice but to insist on invalidating the contract, even if it meant overdoing it.

The loss had now exceeded 40 trillion won and reached 100 trillion won.

It was not 1 trillion won or 10 trillion won, but a loss of nearly 100 trillion won.

While he was watching the news worrying about short selling with a satisfied smile, Kang Cheol-joong called.

“Jeong-hoon. Are you really sending Lee Hee-do out?”

“Yeah, I think that would be good.”

“I think there’s a lot more to come out if we investigate him a little more here.”

“That’s true, but he’s going to die if he stays there.”

“What? Die? No way.”

“The Ministry of Justice’s correctional facilities, there are more than one or two Cheonjihoe guys there. No matter how much we protect and are careful, he will inevitably be killed by those guys. So I have to protect him. I also need to extract some of the data in his head.”

Jeong-hoon regretted Lee Hee-do’s know-how, who had worked for Star Group and Cheonjihoe for 20 years.

In fact, he was smelly enough to die miserably in prison.

As much as he had done bad things, his head would be full of dirty information about Cheonjihoe and Star Group.

It was a great loss for that to disappear.

“Ha, you’re more like a prosecutor than I am. I’ll send him out for now.”

“Thank you, I’ll pick him up and take good care of him. And I’ll send you any good information that comes out.”

“I’m looking forward to that, and to be honest, it’s a headache if I die while investigating. Take good care of him.”

“Okay.”

Kang Cheol-joong hung up the phone and leaned back in his chair.

*‘It’s a shame, but how does Jeong-hoon have such a ghostly sense?’*

Kang Cheol-joong sighed briefly as he thought about Jeong-hoon’s abilities.

It was a shame that a good bait had disappeared, but it seemed like a bigger one would appear soon.

He felt thrilled at the thought of catching a bigger and more cruel guy.

Then the door opened.

“Is Kang Pro here?”

Kang Cheol-joong’s eyes lit up.

Park Hyun-cheol, who had tried to kill him, appeared.

Jeong-hoon said that they had agreed not to touch each other….

“Hello? Chief Prosecutor. What brings you here?”

“It’s not like I came to a place I shouldn’t have, I came to see my direct junior… you don’t seem happy, loosen your face. Kang Pro!”

Park Hyun-cheol pointed out, looking at Cheol-joong’s stiff face.

His bitter smile was all over his face.

“Hahaha, we’re not happy to see each other. I understand. Chief Prosecutor.”

Cheol-joong laughed heartily.

He hated him so much that he wanted to reach out and subdue him right away, but he endured it.

He was curious as to why he had come to see him.

“How are you going to deal with Lee Hee-do?”

“That’s confidential information, so I can’t tell you.”

“He’s a serious criminal, so the righteous you wouldn’t not indict him, right? You’re not going to let him go, are you?”

*‘Are you telling me to indict Lee Hee-do? Not to let him go? Are you really trying to deal with him in prison, as Jeong-hoon said?’*

Cheol-joong was curious about Park Hyun-cheol’s intention to quickly dispose of Lee Hee-do.

He was convinced that Lee Hee-do’s head was full of treasures that were fatal to Cheonjihoe and Star Group.

Cheol-joong was determined to hand over the treasure ship to Jeong-hoon as soon as possible.

The Genius Grandson of the Cash King Becomes a Chaebol