The Youngest Son Of A Rich Family Chapter 284

[284] Pandemonium, Wall Street 5

Middle East Dubai’s deferred payment declaration and the Korean financial sector’s infarct vibrator vice chairman cannot withstand this double pressure.

The Korean financial sector will be eager to collect bonds and there will be no extension of existing loans.

If there is a way out, I will block it.

“Howard. What are you thinking about?”

“Oh no big deal. I thought for a moment about how much of an impact this situation would have on Korea.”

“You are also the manager of the Sunyang Group. Keep forgetting.”

“For now, it is.”

“What are you worried about? Even if the entire Sunyang Group bleeds due to this situation, you can still get enough blood transfusion? No, maybe we can bail out the whole of Korea’s finances?”

“I don’t like to play hero like that. Oh, and speaking of truth… Be prepared to send funds to Miraclo Korea whenever you need them.”

“All $56 billion?”

“no. I don’t think we’ll need that much.”

“However, the money from the swap does not come in right away. know?”

“of course. It will be different for each financial institution you contract with. It is my expectation that all the money will come in by the end of the first half of next year. The American financial system is so huge that it will take quite a while to sink.”

The 52,000-ton Titanic collided with an iceberg at 11:40 p.m. on April 14, 1912, and it took only three hours to sink completely after water began to enter through the hole.

Some companies may hold out until the end, but most of the $56 billion will be collected before next spring.

“Then what about the money left after sending it to Korea? Where should I invest?”

“Do what you always do. It would be better to buy blue chip stocks without paying attention to derivatives. In particular, watch Apple Inc. carefully.”

“Doesn’t it sound like you have to buy it to look carefully?”

Rachel immediately confirmed the price.

“It stays at $15 a share.”

“Not bad for a long-term investment stock.”

“Did you see Mac World in San Francisco earlier this year?”

“no. Anything new from Macworld?”

“It’s an electrostatic touch cell phone, but it’s an iPhone. It will be on sale soon.”

Are you out already? Wasn’t it next year?

“is it so? Then let’s buy one and take it back…”

As I later found out, the first iPhone, the first-generation iPhone OS, did not enter Korea. We started using the second model.

Sunyang Electronics is powerful in the mobile phone market, but it is only a fast follower in the smartphone era. Can we keep our market dominance this time around?

While I was immersed in all kinds of complicated thoughts, Rachel glanced at me and said cautiously.

“How about China?”

“china?”

“huh. Actually, I want to open offices in Hong Kong and Shanghai, but I’m curious about your opinion.”

The opinion of the CEO who has good judgment must be followed.

“Do as you please. If you invest with a long-term perspective, you will never lose money.”

Shall we buy a lot of stocks held by Korean pension funds after 10 years of dormancy and more than 10 times the profits?

* * *

After confirming that a fund run (mass redemption of funds) was starting on Wall Street, I got on a plane to Korea.

No one can stop this from happening now. No one will pay attention to the pouring funds, and the price will plummet.

If the default rate of mortgage loans exceeds 15%, the media will talk about the collapse of the US housing market. Of course, the financial companies will deny it like crazy.

They will blatantly lie until the very end in order to buy back a little more of the funds in their hands.

When I arrived in Korea, I watched the newspapers and news.

I haven’t been able to find a single article on subprime mortgage loans yet, and there are only articles about the opposition party’s primary for the presidential election.

As long as he goes to the finals, winning the presidential election is a matter of course.

The two candidates were busy biting each other, risking life and death as if the primary was the presidential election.

Each other’s most fatal weakness was revealed to the world, but they were busy denying it and erasing it. But they knew too.

Even if all kinds of shame are revealed, as long as you win the primary within the party, you will go straight to the presidential inauguration ceremony in February next year.

That’s why there was no hesitation in revealing each other’s shame.

On the other hand, in the ruling party, several candidates were scattered and exchanged battles, as if reviving the acorn key, but no one was interested.

I also paid no attention.

“How is the redemption status?”

“It was organized in small batches so as not to affect the market. There is still a little bit left.”

Vice President Jang Do-hyung presented a list of financial products owned by Sunyang Financial Group.

Perfect results raise doubts. Even if there is a loss, there are times when you have to ignore it if the overall profit becomes a plus.

“Soon the stock market will crash. Exclude the stocks of Sunyang Group. If the stock goes down, you can buy it back.”

“What about the remaining funds?”

“Just hold on.”

“Are you saying you’re willing to take the loss?”

Jang Do-hyung confirmed it again as if he was surprised.

“When others bleed, shouldn’t we at least sweat? You have to be the lucky guy, not the weird guy.”

“Ah, I see what you mean.”

“The domestic market will fluctuate in the future. Tell your employees to never be swayed and to be extremely careful not to indulge in hasty short-term investments. We do not make any evaluations on the performance of the second half of this year. Make it clear to them that no matter how good their grades are, they are not in favor of the performance evaluation.”

It is a mistake to think that institutional investment is more advantageous than individual investment.

Individuals have a great advantage. When the market is bad, you don’t need to invest, just put your money in the bank. At least I’ll take care of the interest.

But institutions cannot. Even if the economy is in a mess, money has to roll. That way, it collects commissions and makes profits for the company.

Putting money in the bank means playing without working.

In addition, individual investors can tie their money to one stock for one or two years. You can hold down stocks that have fallen and wait until the end and sell them when they rise.

But institutions cannot hold on to falling stocks. We need to quickly shake hands and find other blue chip stocks. I know it’s okay to hold on to it, but I can’t help it because of the year-end performance.

If individual investment imitates institutional investment, it will fail.

“Chief. It’s nice to watch, but shouldn’t we have to work?”

“no. have to play Under the pressure of a crashing market, you’re bound to make all sorts of mistakes. Oh, tell everyone to take a vacation. It would be nice to use up all of the annual and monthly leave.”

“Can you really do that?”

Vice President Jang Do-hyeong is the first to say that it is okay for employees to play. It will be unfamiliar, but also welcome.

“When you are confused, it is difficult to make the right decision when the man called performance presses on your shoulder. It is not too late to work when you have regained your cool.”

Soon after, this decision was of great help to the employees of Sunyang Financial Group.

The KOSDAQ index plummeted more than 10 percent a few days before the opposition party’s primary for the presidential candidate. In the morning, a sidecar was triggered due to a sharp drop in the futures market, and in the afternoon, a circuit breaker temporarily halting trading of stocks and futures was triggered for the second time in history.

A whopping 293 stocks hit the lower limit, and the KOSPI also fell in all industries. In particular, large securities stocks plummeted by more than 10%, and Sunyang Securities was also unable to escape.

In the stock market, foreigners sold more than 1 trillion won, but institutional investors bought a whopping 1.5 trillion won.

There was no fund run phenomenon.

South Korea has only seen the phenomenon of the U.S. stock market crash, but does not know what the cause is.

No, it may be that he is hesitating knowingly. It could be that blatant lies are rampant to buy time to pass the bomb on to the public.

Mirae Asset Management said, ‘There is nothing wrong with its large-scale equity funds,’ and UBS’ Asian manager talked about attractive valuations and whispered sweet words that things would be stable in a month or two.

Even though the UBS headquarters in the U.S. is in a state of confusion after a bomb exploded.

“How much?”

Even to my simple question, Vice President Jang Do-hyung became contemplative and stammered in answering.

“We bought $3.5 billion in the last week alone. Why did you do this…”

“It’s okay because we’re not. And again?”

“Over 11 trillion won will be poured into domestic equity funds alone. Overseas equity funds exceed 15 trillion won.”

“Korea will be cut in half, and overseas will be idle, so 20 trillion won will evaporate. What about the size of US derivatives?”

“Unfortunately, the Korean financial sector does not even know exactly. It’s such a complex product that I don’t even know what it’s made of. Moody’s or S&P said it was AAA, so I bought it blindly.”

“It is nice to hear that. Hehe.”

“yes? what is that…?”

“Oh no.”

He laughed, not seeing Jang Do-hyung with an absurd expression.

“Vice President Jang. There are things I need to find out exactly from now on.”

“Tell me, chief.”

“Thoroughly investigate the bank transactions of affiliates affiliated with Vice Chairman Dong-gi Jin. How much debt does each bank have and what is the collateral. And how much of a hit the banks will take from this crisis. Up to branch units!”

“A bank that is not an affiliate?”

“yes. Do you know why?”

Jang Do-hyung did not avoid my gaze and smiled slightly.

“You’re thinking of shifting the bank’s financial pressure to Vice Chairman Vibrator.”

“bingo.”

A bank with dried up money is not a bank. Having already gone through the IMF, I had a terrible experience that banks could go bankrupt and be dismantled.

This foreign exchange crisis will bring back terrible memories of the past to them.

“Then, we should put the surplus funds of our financial group into that bank right now.”

It’s good because it’s fast.

When the bank vault is empty, even the money we deposited with us is taken out. The only way to refill the coffers is to squeeze the debtors out.

A bank that fails to meet the bank’s BIS ratio, or equity capital ratio, is more brutal than a rogue loan shark.

Lenders destroy individuals, but banks destroy corporations.

Completely forgetting about how many family members the company has and the fact that it can be revived with just a little bit of spare time, he embarks on a ruthless recovery operation to survive.

“I will also deposit Korean Miracle’s funds in that bank. If you take out all of it at the most optimal timing, you will lose your mind.”

Vice President Jang Do-hyung thought for a moment and then quietly opened his mouth.

“Vice President Dong-gi Vibrator… You must have a hard time this time. But, chief. How far is this goal? In the past, it was a Sunyang card… Which affiliate are you aiming for this time?”

“It is not an affiliate.”

“yes?”

Vice President Jang Do-hyung blinked as if he was trying to read my thoughts.

“This time, I plan to catch a big fish properly. It is a person, not a company.”

his eyes widened

“Are you the vibrator vice president…?”

“yes. My second eldest father worked very hard, but now he needs to rest. You will have to decide whether to retire completely or continue to serve as vice president under me as a professional executive.”

There is no way that he, who is proud of himself, will continue to assume the illusory position of vice president.

I also intend to leave some sentiment behind. His two sons will be given the opportunity to continue working as Sunyang’s workers.

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