Chapter 295 Reply
“Are you serious…?”
“I am a busy person. “Are you sure you came here just to play pranks?”
Lee Yong-sang glared at me with his signature snake eyes that looked like he had been slightly scratched with the tip of his fingernail.
“If it’s Boss Song, there’s no reason to use private loans, right?”
I burst out laughing, brushed my bangs, and touched the statue of Jesus in front of me.
“You seem to know something. You’ve never done venture investment, right? ah! You were a loan shark, right? In any case, once money is spent on venture investment, it takes at least 2-3 years to recoup it. The reality is that you have to invest in about 20 and wonder whether you should get one or not. It is completely different from private loans, where interest and principal are paid regularly every month. Do you understand?”
Even though they are blatantly ignored, there is no emotional agitation at all.
Although he was violent and had a rough temperament, he seemed to have a keen sense of how he behaved when observing others.
“In other words, there is not much money that can be moved right now. Moreover, even if it is a corporation I created, why would someone do this if they know very well that they cannot use the company’s money as they wish?”
Nevertheless, Lee Yong-sang still does not let down his guard.
“Wouldn’t it be better to borrow from the bank? “CEO Song, you would welcome any bank with open hands, right?”
“Wow. You’ve been making frustrating noises ever since. Are bank loans record-free? “There are circumstances where a loan record cannot be left, so just think of it as such.”
Lee Yong-sang, who was staring at me in silence, nodded toward the sofa.
“Let’s sit down and talk first.”
First of all, we succeeded in getting one step closer.
It looks like a bear, and its actions are weaker than that of a fox.
There was a need to be careful because it was clear that even the slightest hint of strangeness would immediately hide its tail.
Lee Yong-sang went to the refrigerator and brought out two cans of beer and placed them on the table.
“Aren’t these working hours?”
“I’m the boss, who’s going to say anything?”
“Anyway, isn’t it a bit like drinking during the day?”
“Is beer alcohol? “It’s a drink.”
her. See this guy? Who are you drinking in front of now?
At first glance, it seemed like the intention was to have an honest conversation over a drink.
“That’s right. “I guess I left work early today too.”
Cheeik.
When I opened the lid of the can, white bubbles flowed out like a volcano exploding.
I gulped down the beer and wiped the foam off my mouth with my sleeve.
“Ugh! After all, beer is a daytime drink.”
Lee Yong-sang, who was staring at me doing all kinds of things alone, asked vaguely.
“How many bullets do you need?”
“well? “At least 300 billion won?”
“Cough. “Sigh.”
Lee Yong-sang, who was swallowing his beer, got sick and let out a harsh cough.
“You like alcohol, right? “What if I spit out all this waste?”
“Cluck cluck. “I’m sorry.”
Lee Yong-sang took out a few tissues from each tissue and hastily wiped the soaked table.
“So what’s the answer? Is it possible 300 billion?”
“In my line… “It’s impossible.”
“I know. Isn’t that why I’m looking for the famous Mr. Baek? “Other than him, honestly, there’s no one else who can handle this many bullets, right?”
“that···. That’s right.”
Was it because of the intimidation of the amount?
Lee Yong-sang’s attitude towards me became more polite.
“But no matter how much I search, I can’t find a gentleman named Mr. Baek? No, it’s not some kind of ghost. We don’t have any information. “Is this a real person?”
Lee Yong-sang, who had neatly organized his clothes, looked at me.
“Teacher Baek is definitely there. But you never put it into practice. In fact, I am very cautious even mentioning it like this. Because he really hates revealing himself… Well, anyway, I’ll tell you that you have some knowledge, but it is realistically difficult to let you meet Mr. Baek in person.”
I leaned against the backrest, crossed my legs, and burst into laughter.
“Is this the way this boss usually conducts business?”
“yes?”
“No, it’s not like I’m borrowing a billion won, I’m borrowing 300 billion, so does it make sense to borrow that money without even seeing Zhen Zhu’s face? When buying a building, this owner only looks at the real estate agent’s face and immediately puts his/her stamp on the contract.”
“no···. “It’s not like that.”
Lee Yong-sang looked embarrassed by his rough attitude.
“Hey, boss Lee. Think about it carefully. They say a person gets three chances in their life, right? “I think it’s safe to say that President Lee met one of those opportunities today, right?”
“what···. “Do you mean that?”
“It’s okay to talk about it as a person, but from the perspective of this president, isn’t it a sale worth 300 billion won? I don’t know, but I’m sure there aren’t a few cases this big, right? Are you going to miss the treasure that fell right in front of you like an idiot? “I don’t know much about the process, but even if you just provide a bridge in the middle, the commission that this boss will take home would be significant, right?”
Perhaps because he was caught off guard, Lee Yong-sang’s body flinched for a moment.
“Of course I understand. Since the boss doesn’t like to step forward, people below him will naturally notice it. But that also has to be observed on a case-by-case basis. In my opinion, that kind of amount seems like enough to have some courage, right? “Are you sure you don’t have that much guts?”
“Oh, no, that’s…”
“This boss isn’t going to spend his whole life engaging in private lending, right? “Shouldn’t you come out of the shadows someday, take over a prosperous business, and listen to the sound of a proper CEO?”
At those words, Lee Yong-sang’s eyes flashed for a moment.
‘I guess I couldn’t help but react when I scratched my itchy spot.’
It was as natural for those in the shade to want to come up to the sunny area, just like a sunflower turns its head to follow the sun.
“Anyway, I don’t intend to push ahead with the work unless I meet Mr. Baek in person. what. “To be honest, President Lee is not the only person who can build a bridge for Mr. Baek.”
After adopting a somewhat worn-out stance, Lee Yong-sang now became impatient.
“Oh, no! I will do it! Instead, give it some time.”
“How long?”
“A general meeting will be convened in Myeongdong soon. Let’s talk carefully then. “Could you please wait until then?”
“Hmm… Well, that’s about it. great. Let’s do it that way. In fact, it’s a hassle to find someone else.”
“however···. “What are you planning to do with borrowing 300 billion won?”
“Why are you curious about that? “It’s okay for a private loan shark to just lend money. Do they have to disclose where the money is being used?”
“Oh, no. I was presumptuous. sorry.”
The first energetic appearance was that of a salesperson who seemed to be attending to VVIP customers everywhere.
He watched the scene indifferently and smiled.
“no way. It’s a joke. It’s a joke. You seem more timid than you look. What can a guy who plays with money do by borrowing money? “There is a company I like, and I’m thinking about doing a hostile takeover.”
“ah···. Is that so?”
“This boss?”
“yes?”
“Isn’t it safe to say that we are partners now?”
“ah. yes···. “That’s right.”
“Then let me ask you one thing.”
“Tell me something.”
An incredible person who could change your life has appeared, but you won’t be able to see it now.
“I’m President Choi Won-woo. I got to know this guy because of business, but is this because he comes from a wealthy family? He doesn’t really talk about himself. So I can’t become friends. I don’t have anything to regret, so I stay away… From what I can see, that guy is a guy without a trace, right? But how can he continue to sit as the CEO of a listed company? Moreover, he is a person who has been bullied at home. Did you at least steal his father’s emergency fund?”
“There is a way to everything.”
“If I have any questions, I have a disease that prevents me from sleeping. “What is that?”
Lee Yong-sang leaned his body towards me and lowered his voice.
“Have you ever heard of capital-free M&A?”
“No capital M&A?”
“Choi Wonwoo, that guy. He is a capital-free M&A dealer. “He is also a very good player.”
“Hoo? Could you please explain in detail? It’s very interesting because it’s so different from my field. “There is no one around me other than this boss that I can hear such interesting stories.”
“Actually, there is nothing special. The goal is to search for a listed company that appears to be moderately insolvent and begin preparations for acquisition. Since he has no money in his own pocket, he borrows money through private loans, and with that money, he becomes the majority shareholder of the company and sits in the position of CEO.”
“It’s all good, but can you afford the interest? “It’s not just interest, it’s a private loan?”
“It was originally impossible. Even if it’s the CEO’s salary, it’s already fixed anyway. “Because we have to take care of not only interest but also principal repayment and our own profits, the company has no choice but to make money somehow.”
“Is that possible?”
“it’s possible. First of all, the easiest way is to issue a paid-in capital increase or convertible bonds with a plausible reason. Once money is made in this way, the money is transferred using a borrowed-name account or a business in the name of someone close to you. If you keep going around like that, before you know it, the money is in the representative’s pocket. And the funny thing about this is that it proliferates infinitely. Using the stocks you own as collateral, you borrow money to buy another company, and then buy those stocks with money from the company you are the CEO of. Then you will already have two companies without making a single penny.”
“Is it that easy? In any case, there will be eyes from internal employees and external audits, right?”
“A true player is someone who avoids that and saves money.”
“Is there any possibility of being caught by an institution like the Korea Exchange?”
A sneer appeared on Lee Yong-sang’s lips.
“Absolutely not. Because it is carried out under careful planning over a long period of time, they can never detect it. In any case, anything that can be taken away from a company like that would be taken away and thrown away. Even if the company goes bankrupt, there is nothing to regret because you can end up as CEO of another company anyway. Giggling. The number of companies that Choi Won-woo has ruined is at least six. “He’s a very nasty guy.”
There was something ironic about hearing the word ‘horrible guy’ come out of the mouth of a notorious loan shark.
Anyway, this helped me understand why Choi Wonwoo was so relaxed in front of me.
‘I was carrying a parachute with the intention of jumping if the situation occurred to me, so it probably didn’t matter what happened.’
It was a very vicious tactic.
The company would naturally have no choice but to face trading suspension or delisting, and the damage would have to be borne solely by shareholders and employees.
Employees who were doing well at the company would not have received their salaries on time and would have become unemployed overnight, and ants who had invested in stocks without knowing anything would have suffered huge financial losses.
“Anyway, that person Choi Wonwoo. There is no need to worry as he is a man who is well-versed in escaping the law. CEO Song, if you would like to increase your shareholding without capital, please let us know. “I will design it in a very brilliant way.”
I gulped down the remaining beer without replying to Lee Yong-sang’s sales pitch.
I drink beer all the time, but I didn’t know why it tasted so bitter today.
***
Just like that, two weeks passed.
Tiring.
[Lee Yong-sang, a private loan shark: Mr. Baek has granted permission to meet with us. Please contact me when you have time.]
Finally, the reply I had been waiting for came.
