The Genius Grandson Of The Cash King Becomes A Tycoon [EN]: Chapter 48

#048

Director Hong Young-ho, having tossed and turned all night, hurried to work.

He could hear the murmuring from the entrance.

He checked his watch.

6 AM.

Everyone had come in early due to the emergency.

Various stories were being exchanged in the employees’ messengers.

The main topics were current worries and future prospects.

But the biggest topic was:

The mysterious stock sale from the previous day.

The complete sell-off that became a stroke of genius.

‘Is this even possible?’

‘I don’t know, but is it true? Did we really sell off all our shares yesterday?’

‘True. I thought Director Hong had gone crazy yesterday.’

‘If Director Hong retires, isn’t he going to open a fortune-telling shop?’

‘No, it wasn’t Director Hong, it was the CEO’s emergency order.’

‘What?’

‘Seriously?’

‘Really?’

Short exclamations flowed from the people whispering on the company messenger.

‘Hey, here’s another huge secret.’

‘What is it?’

‘Yesterday, the CEO bought a large amount of put options with a strike price of 500 issued by Heaven Securities using the company account.’

‘How much?’

‘5 billion.’

‘What?’

Some of the people chatting on the messenger jumped up in surprise.

After glancing around with embarrassed faces, they sat back down.

Just then, they saw the CEO opening the door and entering.

Everyone stood up and greeted him loudly.

It was the respect for the commander who had saved them from the crisis.

“Good morning, CEO.”

All the employees who were looking at their monitors turned to him.

They had awe-struck expressions as if they were looking at a prophet who accurately predicted the future.

Jung-hoon, who entered the CEO’s office, pressed the intercom and said,

“Is everyone here?”

“Yes, CEO.”

“Tell the executives to gather in the conference room.”

“Understood.”

He closed his eyes and pondered.

He simulated what he had to do for two hours after the market opened.

Clenching both fists tightly, he moved from his seat to the conference room.

***

The expressions of the executives gathered in the conference room mirrored those of the employees.

It was an unbelievable situation.

When Jung-hoon entered the conference room, everyone stood up from their seats to greet him.

“Sit down.”

Looking around, he slowly opened his mouth.

“The U.S. stock market has been suspended. Europe has plummeted, and now the markets in Korea and Japan will open soon. What do you think will happen?”

“I think it will start with a drop of about 3%,” Director Choi Joon-ki predicted.

“What do you think, Director Hong?”

Yoon Jung-hoon looked at Director Hong.

He had an embarrassed look on his face, as if he remembered what had happened yesterday.

“I also think it will start with a drop of 3 to 4 percent. But CEO, how did you know all this?”

“Ahem, you don’t need to know that.”

Hearing those words, Hong Young-ho and Choi Joon-ki became even more curious about the secret information that CEO Yoon Jung-hoon possessed.

Director Choi Joon-ki especially thought about the previous investment competition.

‘Even during the investment competition, he changed to a rapidly rising stock the day before. There is definitely a place providing information. It’s not ordinary information.’

Choi Joon-ki glanced at CEO Yoon Jung-hoon with suspicious eyes.

“Now, when you go back, buy all the stocks you had in the morning when they drop by a few percent.”

“Understood.”

“Everyone, be alert. A game worth trillions will unfold for two hours this morning.”

“Yes.”

Everyone answered in a loud voice.

It was a huge opportunity worth trillions, no, quadrillions.

The door to a battlefield more brutal than hell was opening.

***

As soon as 9 o’clock began, the stock market opened.

Everyone watching the monitor had no choice but to lose their minds for a while.

-12%. The biggest drop in history.

While everyone was in a daze, someone opened their mouth in a loud voice.

“Get a hold of yourselves! From now on, sweep up all the stocks that we held until yesterday that are at their lowest limit.”

Yoon Jung-hoon awakened the brokers who had lost their minds due to the excessive drop with a loud voice.

Only then did they hurriedly start picking up the stocks that were at their lowest limit.

“What is the put option price?”

“It’s currently 500 billion in total.”

Hearing those words, all the brokers’ heads turned to that spot.

“Oh, we bought it for 5 billion yesterday and now it’s 500 billion… that’s 100 times.”

Jung-hoon was disappointed. The article he saw in the future had profits of 200 times, even 500 times.

He tried to control his greed and decided to be satisfied with a 100x profit.

Soon the price will plummet.

Jung-hoon, who was calmly watching the clock, opened his mouth again.

“Sell everything.”

“I think it will hit 600 billion if we wait a little longer.”

“Greed is forbidden.”

“Understood.”

Sell orders were placed at lightning speed, and contracts were being concluded one after another.

“It’s, it’s all done, CEO.”

The brokers who had completed the transaction focused their attention on CEO Yoon Jung-hoon.

He was like a commander calmly directing the battlefield even in a war zone where bullets were flying and hand-to-hand combat was rampant.

He was like a mountain that did not allow even an inch of shaking even in an unbelievable crisis situation.

“Now the stock price will gradually rise. We will be somewhat free from fear.”

The people who heard those words nodded their heads.

“You make money when you are greedy when you are in fear.”

“Yes.”

Everyone answered loudly to Jung-hoon’s short words.

His words were proven as they were.

They couldn’t help but believe it.

Having finished his work, Jung-hoon left the place with an indifferent step, went down to the underground parking lot, and got into the waiting car.

Kwak Hyun-soo looked at him and asked.

“Young master, where shall I take you?”

“To Legend Company in Jongno.”

“Understood.”

Jung-hoon, who was looking out the window, suddenly thought of Eun-soo’s words.

He said he was learning something from Hyun-soo.

“By the way, what are you teaching Eun-soo?”

“It’s a Southeast Asian martial art called Kali [a Filipino martial art focused on stick and blade fighting]. I learned it a long time ago, but I thought it might be necessary. I taught Eun-soo because it seemed like he had nothing to do, and he’s following along quite well. He has a talent for it.”

“Eun-soo has good speed. Although he is slower than me.”

“Excuse me? Eun-soo is the fastest person I’ve ever seen, and you’re faster than that, young master?”

“Yes. I’m a little faster.”

Kwak Hyun-soo observed Jung-hoon’s body once again through the rearview mirror.

He had a physique with strengths in power rather than speed.

But if he’s faster than Eun-soo….

In that moment, Kwak Hyun-soo thought that even he, a legend in the intelligence service, could not easily subdue him.

But he soon changed his mind.

He’s just a high school student at best.

He believed that he was on a different level from himself, who had survived countless battles.

Jung-hoon asked Kwak Hyun-soo, who was glancing at him in the rearview mirror, a question he had been curious about for a long time.

“Where did you learn the martial art called Kali?”

Kwak Hyun-soo did not open his mouth easily even at Jung-hoon’s question.

An awkward silence.

But he didn’t think he was the type to lie.

He was curious, but he decided to pretend he didn’t know.

He thought that waiting patiently until he spoke was also a virtue he should have.

“Step on it as much as possible. I’m curious about the situation.”

“Hold on tight.”

Kwak Hyun-soo arrived at the office in Jongno from Yeouido in 10 minutes after performing dozens of lane changes with skills no less than a racing driver.

Jung-hoon, who entered the office, saw Cha Young-mi and Lee Byung-seok, who were spaced out while watching the TV screen.

“Are you okay?”

“You’re here?”

They bowed their heads and greeted Jung-hoon, but their expressions were uneasy.

“Did you do everything I told you to do yesterday?”

“Yes. We sold all the stocks that Legend Company was managing.”

Jung-hoon listened to Lee Byung-seok’s words and looked around.

“Where did CEO Lim Cheol-soo go?”

“He was here… I guess he went to the bathroom.”

At that moment, Lim Cheol-soo entered the office with a bright smile.

“You’re here.”

“How is it?”

“The option price I bought last week for 10 billion has risen 200 times. Can you believe it? It’s 2 trillion [2,000,000,000,000 Korean Won].”

“It probably won’t be exercised for 2 trillion.”

“Of course. It will rebound greatly by about 3-5% tomorrow. Still, you’ll earn at least 7-800 billion [700,000,000,000-800,000,000,000 Korean Won].”

“That’s a shame. I couldn’t earn 1 trillion [1,000,000,000,000 Korean Won].”

“What? Aren’t you being too greedy?”

“Isn’t the more the better?”

Jung-hoon smiled and changed the subject.

“How much is the loss for the companies that signed a contract with us?”

“Well, I’ll have to check the closing price tomorrow, but Heaven Securities is 5-600 billion [500,000,000,000-600,000,000,000 Korean Won], Dongseo Securities is 1-200 billion [100,000,000,000-200,000,000,000 Korean Won], and Ilsong Securities seems to be about the same. But Dongseo Securities is like that, but I don’t think Heaven Securities will be able to pay this back?”

“Isn’t there still group money left? If you scrape it all together, you might be able to hold out a little longer.”

“It’s already rumored that the money has dried up because they provided excessive support last time, so bankruptcy is almost a foregone conclusion. And Dongseo Securities doesn’t have the size to withstand this much or a group to support them.”

Jung-hoon listened to Lim Cheol-soo’s words and fell into thought.

He thought it was fortunate.

He was able to drive Heaven Securities and Dongseo Securities, which had been engaged in stock manipulation until now, out of the securities industry.

In particular, Dongseo Securities colludes with manipulative forces four years later to gain hundreds of billions of won in profits through BTA Venture stock manipulation.

However, thanks to hiring a leading large law firm in the prosecution investigation, they were found not guilty.

Tens of thousands of investors shed tears.

Jung-hoon thought it was not a bad result because he could end the suffering of tens of thousands of people.

“Ahem, I think the Heaven Group will have no choice but to bankrupt Heaven Securities. The same goes for Dongseo Securities.”

“Still, you can’t bankrupt a perfectly good company.”

“If you can’t bankrupt it, what are you thinking?”

“Would the grandson of the Cash King have done this to make money?”

Lim Cheol-soo tilted his head at Jung-hoon’s mysterious expression and the smile on his lips.

A thought came to his mind after thinking for a while.

Lim Cheol-soo’s eyes began to widen rapidly.

“No way, you bastard?”

“Hmm, there are people here, so isn’t ‘bastard’ a bit… too much? Uncle. Hehehe.”

Jung-hoon smiled at Lim Cheol-soo, who had figured out his plan.

Lim Cheol-soo, impressed by Jung-hoon’s idea, laughed loudly.

“Okay, young master. Still, I’m giving you a lot of credit because I’m thinking about your father, Hyun-joong.”

Father.

For a moment, the thought that it would have been nice if he had been here now flashed through his mind.

***

Thursday, when the futures options expired.

The damage situation at Heaven Securities was devastating.

The damage from the option transaction with Legend Company alone was 500 billion won [500,000,000,000 Korean Won].

And the damage from the stock price decline was also serious.

In particular, the 500 billion was a 1:1 contract, so it had to be paid immediately.

Chun Jin-hyuk entered the chairman’s office with heavy steps.

It was his father who did not react at all even though he had entered.

“I’m here.”

“Yes, sit down.”

Chun Jin-hyuk saw fear rather than worry on his father’s face.

“How much did you lose in the contract with Legend Company?”

“500 billion won….”

“Hoo, you ate it all up because you were in a hurry, and now you’ve made this mess.”

Chun Sang-soo clenched the ashtray tightly in his hand.

Chun Jin-hyuk was startled by the sight and cowered.

“I’m sorry, Father.”

“Father also wants to forgive you. But I think it’s already out of my hands. Didn’t I tell you that it’s not just our problem?”

“…….”

Chun Jin-hyuk did not understand exactly what his father was saying.

Who is involved?

“Ilsong Group Chairman Song Cheol-ho, he has a very good impression, right?”

“Yes.”

“He has sent many people away with that smiling impression.”

“Yes? Sent them away?”

“That’s exactly what I mean, I’ve seen it many times before my eyes. He sent so many people to the afterlife like that. But I survived until the end. Is it my turn now? Hoo.”

Chun Jin-hyuk still couldn’t understand as he looked at his father sighing deeply.

He thought that Chairman Song Cheol-ho, who was famous for being a nice person with a kind face, was misunderstanding his father.

“Father, I will somehow fix it.”

“Stay still. This is the third time you’ve failed. I think it’s better to just stay still.”

“I’m sorry.”

“If you weren’t my son.”

Chun Sang-soo clenched the ashtray in his hand once again.

Chun Jin-hyuk had no choice but to cower once again at the sight.

In the silence that filled the chairman’s office, Chun Jin-hyuk was sweating profusely without being able to do anything.

He kept checking the crystal ashtray in his father’s hand.

It wouldn’t be strange if that hit his head.

In anxious moments, he recalled good memories and happy memories.

Then he felt infinitely comfortable.

It was a method his mother had taught him a long time ago.

It was when Chun Jin-hyuk was craving shallow peace in fear.

The intercom rang.

“Chairman, you have a visitor.”

“Who? Isn’t it someone not on the schedule?”

“Yes, but I think you should meet him.”

“Who is it?”

It was a voice full of annoyance.

“It’s Legend Company CEO Lim Cheol-soo.”

“What? Tell him to come in.”

A glimmer of hope?

Chun Sang-soo thought it was an opportunity to reduce the amount of damage even a little.

He got up from his seat and checked his attire.

After adjusting his tie once again, he moved his body towards the door.

The door opened and Legend Company’s Lim Cheol-soo entered the room.

“Nice to meet you, Chairman.”

“Thank you for coming.”

“No. Thank you for meeting me even though I came so suddenly.”

Lim Cheol-soo politely thanked Chun Sang-soo. After sitting down, he looked at Chun Sang-soo and his son once and then opened his mouth.

“I think we’re both busy, so let’s get to the point. I came because of the contract issue.”

Lim Cheol-soo took out a brown document envelope from a thick leather bag.

And he handed it to Chun Sang-soo.

“What is this?”

“These are the requirements requested by the owner of our Legend Company.”

Chun Sang-soo’s lips were parched.

Only the sound of swallowing could be heard.

His slightly trembling hand was slowly taking out the documents in the envelope.