The Youngest Son Of A Rich Family Chapter 198

[198] Never Forget. 2

I checked several times, but it was hard to believe.

“One hundred thousand, ten thousand…”

I counted each digit one by one, but I was not mistaken.

I buried myself in the chair and waited for my pounding heart to subside.

There is no doubt that there will be a crash during the day, and I guessed that put options make a lot of money.

The numbers shown on the monitor now were not different from what was expected. If there’s one thing wrong, it’s yield.

Yield beyond imagination.

Before grasping the current situation, I reconnected to the current status of Japanese stocks.

Again, carefully written numbers and a comma between them. A larger number than the Korean stock market.

I made a lot of money, but I’m not comfortable.

If I made a lot of money in the stock market, it means someone lost a lot of money.

I calmed down and checked what had happened in one day.

In the aftermath of the 9.11 terrorist attacks, the opening hours were delayed by 3 hours, but the comprehensive stock index plunged 12%, reaching 621 stocks with lower limits, and the KOSPI 200 index also fell 7.96 points.

The KOSDAQ also plunged 11.59%. Considering that the current price fluctuation limit is 12%, it means that all stocks have taken the lower limit.

Due to the stock price plunge in the two major markets, a total market capitalization of 27.7 trillion won was lost on the day alone, including 23.4 trillion won on the exchange and 4.3 trillion won on the KOSDAQ market.

Today, it seemed as if the chanting of cold ant investors could be heard here and there.

However, it was none other than the securities companies that made the loudest noises throughout the day. Unlike individuals, it was clear that securities companies that had made profits from short positions suffered huge losses from put options.

Sunyang Securities, which I blocked the transaction, is an exception.

The president of Sunyang Securities must be contemplating how to convey his gratitude to me by sweeping his heart.

And today is not the end. It starts now.

A very small number of people who made a lot of money today with put options appeared, and the stock market is expected to plunge tomorrow as well, so investors started buying put options. It was a huge scale of over 210,000 cases in one day on the 12th.

However, the person riding the last or the next car is, as always, a jerk.

Over the next 23 days, there will be people crying after throwing away big money.

Gambling is not for everyone.

* * *

When the US stock market reopened after being closed for four days, I called Rachel in New York.

I didn’t say a word about investment because I believed that I would respond well enough. What if I make a mistake? Isn’t everyone insane?

The US was no different. No, it suffered the most as it was a party.

After conveying words of deep consolation to her, he brought out the purpose of the call.

“Rachel, take $100 million out of my account and donate it. In the name of New York Miracle Investments.”

– what? 100 million dollars?

“yes. You have enough money. It would be nice to do relief work and donate to the memorial project. Rachel decides where to donate.”

Money cannot undo tragedy, but it can help heal it. It was selfish, but it was also a way to lighten the burden on my heart.

Since 2001 was after the collapse of the IT boom, interest rate cuts continued even before that, but Greenspan of the US Federal Reserve cut interest rates more quickly to mitigate the shock of the 9/11 incident.

In the end, the continuous interest rate cut fell from the base rate of 6.5% to 1.75% in one year, and it was completely solidified in the 1% range by further decline.

Low interest rates energized the stock market again, and the crashed market slowly returned to its place.

Two big changes came about this time.

The first is that the attitude people treat me within Miracle has completely changed. Even though there was definitely a representative director, Se-Hyun Oh, he treated him as if he were an honorary chairman, and Se-Hyun Oh also rarely gave business instructions.

Instead, I started to get busy.

When I was in the office, employees often flocked to me, and when I was outside, my cell phone was on fire.

“Why not? Are you going to let go of your hands like this?”

“why? Is it a waste to give me the CEO’s salary?”

“It’s suspicious.”

“What is suspicious?”

“You are not preparing for retirement already, are you?”

“Hey. Preparations for retirement have already begun. I’m just looking at the timing.”

“Aren’t you only in your mid-fifties, Uncle? Others are anxious because they can’t work…”

“That’s other people! am i different Thanks to someone, I saved up a lot of money, but it’s unfair to work until I’m old.”

“You are still too young to retire.”

“Too much money to work. Hehe.”

Seeing her giggling and laughing, she seemed to have made up her mind to some extent.

In fact, Miracle has no problem even without Oh Se-hyun. The most important thing Oh Se-hyun has done so far is the management of the HW Group.

The fact that I haven’t officially announced my retirement yet means that I’m trying to arrange when I’ll take on this job.

I just hope that the timing is as late as possible.

The second change began on October 7th.

After declaring a war on terrorism, the United States started a war called ‘Operation Enduring Freedom’.

Massive gun strikes were launched on major military bases and large cities including Kabul, the capital of Pakistan, and the Afghan air defense network and communication network air force were destroyed in just one day.

It was the first war of the 21st century and started the longest war in American history.

The media all over the world poured out articles announcing the start of this war, and Korea was no different.

But after the war article on page 1, the problem was.

「One month after the collapse of the twin towers of the World Trade Center in New York, was Sunyang Securities the winner?

」 Stock prices skyrocketed.”

「Sunyang Financial Group’s ability as a young leader was verified.」 「The 3rd generation Chairman Jin Yang-cheol, who overcame the 2nd generation

, proved

that his choice was correct.」

It is to the point of wondering how people who became stars overnight endure such drastic changes.

Requests for interviews lined up, and reporters began to puddle in the company lobby. Even reporters hiding in the underground parking lot appeared, so I couldn’t move.

“Chief. How about doing an interview?”

Vice President Jang Do-hyung quietly urged.

“Vice President. Are there any reporters out there who are well versed in economic terms? It’s all a ploy to make money by scratching the curiosity of readers.”

“Who doesn’t know? But now, Sunyang Securities serves as a driving force. Not only in finance, but also in other affiliates’ share prices. Wouldn’t it be nice if we hit the final blow at this time?”

“Will the stock price go up if I interview you?”

“It goes up. I’ve already thought of the title of the article in the public relations office. The Myth of Korea’s George Soros Twenties.”

Damn, the chicken meat is sprouting.

“Even now, customers who use our securities company are flocking to us. It’s no wonder that this article multiplies when it goes out. The best business performance will come out this year.”

I couldn’t refuse when I heard that it would be of great help to stock prices and sales.

“All right. I will.”

Vice President Jang Do-hyung held out a piece of paper as if he had been waiting.

“This is the interview schedule. Daily, economic, weekly, and monthly magazines. Only four were selected.”

“yes? Are there four?”

Looking at the schedule, it was a monthly magazine that you would only see at a hair salon, not current affairs or economics.

“What is this? Why is Auntie’s magazine here…?”

“The public relations office put it in as a must. It turned out to be an important magazine. I was surprised too.”

Jang Do-hyung shrugged his shoulders as if he was surprised.

“It is a must-read magazine for rich women in Gangnam. They say that they are the type of people who usually bury their money in stocks ranging from a few hundred million to as many as several billion, so if the interview article goes well, they will all switch to Sunyang Securities…” A women’s

magazine that was underestimated had such great power! I was surprised again.

“All right. I have to do well.”

When the permission was given, the public relations team came rushing in. They made a fuss about taking pictures to be distributed to media outlets.

“for a moment. Are you going to take a picture here?”

“yes. I will use the office as the background.”

“Then let’s dress up here. You have to do what you do right.”

I immediately contacted the department store.

The interior experts and coordinators sent by my aunt divided the office into two concepts: one that would suit the central and economic magazines, and the other that would suit women’s magazines.

There was a reward for suffering.

When I saw the final result, I realized once again how important the expert’s touch is. It’s like a photobook with all the photos laid out.

The follow-up interview was as expected.

Even the economics magazine threw out questions that were only personal to scratch my personal appearance, and there was only one useful question among the four interviews.

“If you look carefully at the movements of Sunyang Securities after the 9/11 terrorist attacks, there are some strange things.”

“what is that?”

“It means that nothing has been done. It was just as usual as if nothing had happened. When stock prices plummeted, I bought mainly blue chip stocks. It made a lot of money because of it.”

This question was asked not by a reporter from a business magazine, but by a reporter from the JoongAng Daily.

“You saw it correctly.”

“How could that be? If the stock price crashed endlessly, it would have suffered huge, irreversible losses.”

“It was possible because I gave up excessive greed.”

“yes? give up greed? So, does that mean that other securities firms were greedy?”

“Originally, big money comes and goes in a fluctuating market. Of course, the greed for ‘performance’ will come first. Sunyang Securities has abandoned that greed. It was such a big case, so I focused on protecting the customer’s money.”

The company’s will to protect customers’ money will win the trust of those who are most afraid of losing principal.

“We never forget that the owner of money is the customer under any circumstances.”

Is this enough lip service?

* * *

Sales of Sunyang Electronics, which exceeded 20 trillion won in 1998, rapidly increased to 34 trillion won in 2000, just two years later, but declined to 32 trillion won this year when the IT bubble burst.

Operating profit decreased to less than 30% of last year’s 7 trillion won to 2 trillion won, but it still boasted the dignity of the nation’s top company.

No matter how good the performance of my financial group is, it is not even one of the former vice chairman Jin Young-ki.

Because of the 9/11 terrorist attacks, my personal wealth has been inflated once again, but money is not a direct firepower, but only an auxiliary means.

It is necessary to shake affiliates and force them to release core assets, but Sunyang Electronics showed strong resistance.

It would be foolish to attack that fortress directly.

You have to shake the king who is sitting on a precarious chair in the castle and make him roll down.

And the role of shaking the chair should not be played by me, but by the vice chairman of the vibrator, Pharaoh’s younger brother.

As the year draws to a close, all sorts of thoughts run through my head.

A week later, a new year dawns.

There are elections for local government heads, and there is also the World Cup, where shouts of “Korea” will shake the country. And the 16th presidential election is also held.

All three have a lot to do with me.

It was only a big task in 2002 that I had to enter the core management of the HW Group.

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