[032] The era of rapid change 2.
“Last time, you asked for a drink of soju, so I thought it was a food stall or a pork belly restaurant. haha.”
“Is there anything like sashimi with soju?”
When Lee Hak-jae, whom he met again at a high-class Japanese restaurant, gave a cool answer without pushing and pulling, Oh Se-hyeon felt better enough to empty his drink faster.
“I will have to pay for the drink today. Since we completed a whopping 24 billion transactions, the fees are quite high.”
As soon as he signed the contract to hand over 20,000 pyeong of the Bundang commercial district to Sunyang Construction, the money went into Do-joon’s bank account.
“Tax issues are also handled by Sunyang, so can we do it once?”
“If the manager calls, I will come running anytime. haha.”
Lee Hak-jae held out a drink to Oh Se-hyeon, who burst into a cool laugh.
“How about a bigger offer? Are you interested?”
Oh Se-hyeon’s hand trembled a little as he took the drink he offered. The bigger thing is the Sunyang Group.
He remembered Lee Hak-jae’s warning.
Intention to immerse one’s feet in the Sunyang Group by using Do-jun.
The idea of raising the ransom.
A person who has such doubts suddenly makes a new proposal?
Could it be bait?
“I should start by making sure I can handle it, right?”
“It’s a little less than two hundred billion.”
Clinking –
I finally dropped the glass.
However, Oh Se-hyeon did not even feel that the glass had been dropped, and nothing came out of his open mouth.
two hundred billion.
The national budget last year was 22.6 trillion won. It is an astronomical figure that is not realistic, approaching 1% of the government budget.
A strange smile appeared on Lee Hak-jae’s face when he saw his blank expression. It seemed a little belittled and even felt conceited.
“Sorry. I was so surprised…”
Oh Se-hyeon hurriedly cleaned up the surroundings with a wet towel and calmed down.
“It seems difficult to handle.”
“It is difficult. Oh don’t get me wrong It doesn’t mean I won’t take it. It means that there is no investment place in Korea that can digest that amount of money. I have to divide and diversify the investment countless times…”
“How about foreign countries? For example, the place where Dojunie invested. Do you think we should get on there?”
At Lee Hak-jae’s words, Oh Se-hyeon almost hit his knee. I knew what I wanted.
“That too is difficult.”
“Why?”
“I can’t tell you the details, but Do-joon’s funds went to a third-party investment company through the US headquarters of Power Shares. And the companies that Dojuni invested in are not large enough to receive an investment of 200 billion won.”
Lee Hak-jae’s eyes flashed when he heard that it was a third-party investment company, but he did not ask in detail. Because I know I won’t go into detail anyway.
“It will be safe, right?”
This is the most you can ask.
But one thing is for sure. Do-joon’s money is not buried in a huge company called Power Shares, but moves independently.
“There are no safe investments. It’s about taking risks. Do-joon’s risk is within the controllable range, so don’t worry.”
Oh Se-hyeon asked indirectly with a voice telling him not to worry.
“That two hundred billion. Is it money that you don’t have to make a profit? Preservation of principal is the most important thing, and money that should not be buried in long-term investment, but can be found at any time when needed… Is that right?”
When I mentioned the most important principle of slush funds, Lee Hak-jae couldn’t help but laugh.
One notice is a freaking fast guy.
When Lee Hak-jae nodded lightly, Oh Se-hyeon tilted his head.
“Then it would be better to leave it in Korea? Isn’t there a bank in Korea that has a much better interest rate than the US?”
Instead of answering, Lee Hak-jae only smiled.
Even if you collect 200 billion won and collect fees, you get hundreds of millions of won. It is not a great person who cannot even do this calculation.
However, he forgets about his own interests and proposes the best option for his customers without hesitation.
He’s a much better guy than I thought.
“As I said, it’s not money to earn interest. To be honest, we also often need money in the US, so we were trying to move.”
It also meant that the US business was getting bigger and bigger. There were many times when I needed black money more and more as I got bigger.
“All right. Once we have reviewed it, we will inform you of the final proposal.”
It was a polite and exemplary answer, but Oh Se-hyun’s heart was already rejected. There is no need to worry about taking on the black money of the Sunyang Group.
It is because he is a successful person in the top 1% that he is not envious of.
* * *
“I don’t know why you want to see this, but it’s from New York. Take a look.”
I quickly snatched up some of the papers Oh Se-hyeon held out.
“You want to show me, Dad? Is it possible to import movies?”
I nodded casually and started checking the contractual relationship.
However, as soon as I saw the work I had my eye on the most, I was almost swearing.
Damn UIP direct delivery!
The movie ‘GHOST’, which will occupy the world box office in 1990, has already been confirmed for domestic distribution by UIP, a direct distribution company that started domestic distribution from last year.
If my father’s film company was in charge of distributing this movie in Korea, I would be able to shout out loud to the theater owners and insert the movie my father produced… It’s a pity.
Then again, I saw a movie that caught my eye.
HOME ALONE.
uncle. Is this movie being made?”
“What?”
Oh Se-hyeon looked at the movie list for a while and then flipped through the documents.
“this? This is called production holding, right? look at the last page No wait.”
I began to slowly read and explain, probably thinking that the densely written English was burdensome for me.
“Hmm, it’s a small-scale family movie… The director is a newcomer and the lead is a newcomer… Wait, the lead is a child, just like you.”
Oh Se-hyeon stopped talking and started reading the rest of the document.
“You can take this off.”
Oh Se-hyeon threw the papers on the desk and shook his head slightly.
“why?”
“Warner Bros. was supposed to make it for $14 million, but the production budget went up. So they handed it over to 20th Century Fox and they say they’re reviewing it now?”
“Why don’t you make it anyway?”
“well? I mean, I don’t know much about this one. But it’s creaking from the early stages of production, so there’s no way it’ll go well, right?”
you’re welcome. It works out. It works very well too.
I thought I still had a chance, so I didn’t even notice another movie. Even for a blockbuster movie like Total Recall Die Hard 2, Korean distribution rights were no longer enough.
“uncle. Did you go into Miracle, the money that sold the land in Bundang?”
“soon. why?”
As if he had already guessed, the eyes looking at me were strange.
“I was thinking of investing in this movie.”
As expected, I let out a sigh.
“Do-joon. Investing in stocks and movies are completely different games. If the stock price falls, you lose money, but if the movie fails to break even, you lose money. There is no such thing as time to get out.”
This time, there is no justification for persuasion and no way to explain.
Even though it is a family film with an uneasy director and leading actors, the production cost is huge. It is suicidal to anyone to pour money into a movie that even major American film companies are hesitant about.
It is a natural reaction for Oh Se-hyun to be concerned with a hard face.
But we have to make use of this opportunity. Miracle Investment cannot miss a golden opportunity to imprint its name in Hollywood as a movie investment company.
Of course, dozens of times profits follow as a bonus.
“uncle.”
“No matter what, it’s the opposite this time. this is not an investment It’s a gamble. That too has already been lost at face value.”
Oh Se-hyun prevented me from even speaking, so I threw the last card.
“This is the last time. In the future, I will not be shy about investing. Can’t we do this?”
“Do-joon!”
Eventually, a loud noise came out. I understand, but I’m starting to get annoyed.
“It is unearned income from the sale of land. Even if I don’t have it or fail, it’s my money. I promised my parents that I would live my life doing what I wanted to do. Also, there is no problem even if all the money managed by Miracle disappears. My grandfather is the richest person in Korea. isn’t it?”
Oh Se-hyeon’s expression changed moment by moment at my calm voice.
He seemed to realize the distance between the self-made self and the me who met my grandfather well.
Even if you lose about 120 billion won, the world ends with a single outcry.
A world where companies worth hundreds of billions of dollars can be forgiven with a few years of probation.
They are like aliens who look at money with completely different eyes than ordinary people who lose their jobs because of poor judgment.
That place is the chaebol family.
Oh Se-hyeon stood up, picking up the scattered documents on the table.
“What you want is to get as much money into this movie as quickly as possible, right?”
A cold tone with no friendliness to be found. I also answered businesslikely.
“That’s right.”
“okay. Do whatever you want.”
“Oh, one more.”
“what?”
“We need to secure Korean distribution rights.”
“We might be the only investors, but that’s okay. also?”
“doesn’t exist.”
“I’ll take care of it and report it ASAP.”
It seems that he is very angry because he seems to be giving strength to the word ‘report’.
However, his bad mood will melt away like snow when he sees the year-end box office.
* * *
Oh Se-hyeon’s expression after leaving Do-jun’s house was still not good. It was understandable why Do-joon was so stubborn. It originated from the thought that if his father’s film history goes wrong, he will be hated by his grandfather even more.
I understand the desire to help my father by earning an income from American films, but it is reckless.
“after-. The damage this time will be a big blow.”
Sehyun Oh is a pro.
Even if the reason for the large loss is due to the customer’s reckless judgment, we have no intention of avoiding responsibility. He was a man with a sense of duty to make up for the loss with his own abilities.
“Damn it, Jin’s family gives you a lot of trouble.”
In order to recover the loss from the movie investment, he has no choice but to accept the slush fund proposed by Lee Hak-jae.
If you roll about 100 billion in one year, it will be possible. Oh Se-hyeon drove to the headquarters of the Sunyang Group.
***
When Microsoft released Windows 3.0, it quickly took over the PC market. At the same time, the company’s stock price rose rapidly.
Dell Computer, which was listed at 30 cents, also broke records every day, and its stock price skyrocketed.
Thanks to that, Oh Se-hyeon, who was very angry with me, smiled broadly as if it was the case, and rather comforted me, saying that the loss of about 8 million dollars and 5.6 billion invested in ‘HOME ALONE’ would be fully compensated in a few years.
Conversely, Korean stock prices plummeted.
In Japan, it was because of the regulation on the total amount of loans implemented in April to end the bubble economy. This was just the beginning.
It was implemented at the peak of the Japanese bubble economy, and the Japanese economy began to sink into an endless abyss.
With the establishment of diplomatic ties with the Soviet Union, Northern diplomacy, the greatest achievement of the Roh Tae-woo regime, reached its peak, and on October 3, Germany, which had been divided into East and West after World War II, was finally reunited after 45 years.
With this as the starting point, Eastern European countries, which were Soviet satellites, converted en masse to the capitalist system, and the tedious cold war actually ended with this year.
Now, the entire global village has entered the era of capitalism.
From November 16th, when Home Alone was released, Oh Se-hyeon would be the only person in Korea who nervously watched the film’s score.
On New Year’s Day in 1991, Oh Se-hyeon, who called New York every day to check the box office, came to see me.
“Perhaps you are the richest person in the world among national students. Except for Arab royalty.”
The paper he held out to me was full of numbers, and at the end of the numbers, the number 200 million dollars was circled in red.
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