Episode 299: A trap to catch an old fox
“bet···?”
Myeong O-cheon, who was about to yell at the unexpected bet, quietly sat back down with a dumbfounded look on his face.
“Even if I tell you the facts, you still insist so much, so what can I do? “We have to guess who is long and short.”
“Are you now… “Are you serious about that?”
“Then, am I going to throw a joke in front of Master Baek? “I’m not the kind of person who lets his mind wander that much.”
“My… Are you betting against me? her···.”
Myeong O-cheon, who was muttering something to himself, poured a mouthful of soju in front of him and suddenly burst into laughter.
“Hahaha. Even if he goes crazy, he’s really crazy. “I don’t know how long it’s been since the last time a guy jumped right in my face and challenged me to a fight.”
“If someone hears it, they might misunderstand it. Since you can’t admit it and are going on a rampage, let’s verify it with a simple bet. “Who has better insight?”
Grumble
I poured soju into an empty glass and looked at Myeong O-cheon with provocative eyes.
It was clearly visible to my eyes.
The spark of competitive spirit began to fly in his old eyes.
Of course, this was designed with a very intentional and meticulous plan.
According to what I found out, Myeong Oh-cheon had very strong pride in his youth and showed an extraordinary competitive spirit.
However, it was true that, just as no matter how ferocious a beast loses its teeth over time, many of its temperaments fade with age.
However, his natural temperament was not going away, and especially when it came to money, his pride was so strong that it could almost be called a disease, so he tripped the detonator.
Of course, this seemed to work very well.
widely!
One corner of Myeong Go-cheon’s mouth quirked up.
“Do you think the whole world is yours?”
“That can’t be right.”
“Do you think I’ve never seen that guy like you in my life? These are people who are born with ridiculous luck, who are successful in everything they do, and who have money flowing into their pockets without them having to work hard at anything. You’ve never failed before, so you think there’s nothing in the world you can’t do? But my advice is to hide those claws and stick to them. The angular guy gets hit hard. “Nothing is permanent in this world.”
I burst out laughing at Myung O-cheon’s words.
“You must be completely mistaken. “You have a very nasty habit of judging others based solely on your own life experience.”
“What?”
“You were criticized for being pro-Japanese, but didn’t you still have a family to lean on? Are you feeling relaxed about everything you do? Have you ever made a mistake on a trivial topic and ended up in debt you can’t afford? He asked, have you ever experienced a disaster where your loss rate was minus 80% in a week? “You haven’t even caught a squid in the middle of the Pacific, have you?”
“Oh, oh…zinger?”
Myeong Wu-cheon’s face was distorted grotesquely.
“You’ve only caught tuna, but you’ve never caught it, right? Pulling up nets all day long! Working on selection! Do you know what happens if you even clean up the net? My hands and feet are swollen like oden, and my muscles are shaking like an epileptic patient. My body only smells like fish, but I can’t wash it properly. That’s all, I’m not complaining. Have you ever encountered a swell the size of a house while pooping and got covered in poop? Do you know how much pain it is to eat only seafood three times a day all year long?”
“Hey, what is this? “Are you missing me?”
“People keep telling me that I’m lucky and that I don’t know what’s going on in the world, but from my perspective, you are a blessed person who came out with a spoon in my mouth. Me? Not even a mud spoon is allowed. It’s spoonless. There are no spoons. They say I have to make the spoon myself and eat it. That miserable feeling! “Do you know?”
“… … … … .”
At this point, I felt that Myeong O-cheon was looking at me like I was a real crazy person.
Even though it was an action bike, I felt quite refreshed after venting my anger.
“Big… sorry. I’m so excited. Anyway, that Song Dae-woon. He hasn’t lived such a comfortable life. “I don’t think you should judge my life simply based on my age.”
“you… “Can you really handle it?”
“If you were born with two balls, shouldn’t you say what you have to say? “I don’t know how you are, but I am proud of my life and I have no shame whatsoever in the path I have taken.”
“her… I can’t help but acknowledge that spirit. That’s right. “The more I look at him, the more I wonder what kind of guy he is, but when I realize that President Song is one of the top 10 richest people in Korea, I come to my senses.”
“So are you going to bet or drink? It’s okay if you don’t do it if you’re not confident. Honestly, wouldn’t others criticize you if they saw you? “It looks like a young man persecuting an old man.”
“What is it?”
As I scratched him again, Myeong Go-cheon’s face began to heat up again.
There’s a subtle sense of teasing.
“What kind of bet are we going to make?”
It’s right, you got caught.
I was happy on the inside, but I didn’t show it on the outside and just drank a glass of soju without saying a word.
“Big… Anything is fine with me… Still, wouldn’t it be fun to decide something so quickly as if it were a sip?”
“So, let’s go?”
“You said you knew enough about me to know about me, right?”
Myeong Wu-cheon did not specifically deny it.
“okay. “I researched it very thoroughly.”
“Well done. “One of the companies in which I am a major shareholder is SI Hitech.”
“SI Hitech…? iced coffee! “Are you talking about the place that used to be an affiliate of the DS Group?”
“you’re right. “It is a semiconductor foundry company.”
“Hamo. I know. Chairman Hong even borrowed money from me to try to save the place. But are you there?”
“What do you think about SI Hitech’s prospects?”
“SI Hitech’s prospects…”
Myeong Go-cheon, who was thinking deeply, began to express his thoughts.
“Honestly, I didn’t understand.”
“why?”
“I have been amazed more than once when I look at the investments President Song has made so far. What is this… It’s an investment. It’s no different from gambling on a battlefield, kid. Still, the outlook for the company’s items isn’t bad? I understood at least one thing. “Except for SI HiTek.”
“What about SI Hitech?”
“Do you think I don’t know about the semiconductor industry? Recently, the companies that have borrowed the most of my money are semiconductor-related companies. The semiconductor economy is not that good, and more than anything, SI Hitech is a latecomer? “It is true in other industries as well, but in the semiconductor industry, it is especially difficult for latecomers to follow the leaders.”
“Why?”
“It is natural that a lot of money is spent on equipment and manpower, and it is true that it is difficult to keep up with technology. Moreover, leading companies already have a stable supply chain and close relationships with existing customers, but it is virtually impossible to break into that.”
Since nothing was wrong, there was nothing to refute.
“More than anything, there is that dark-faced man whom President Song appointed as his representative.”
“Ah, CEO Choi Chun-gil?”
“That guy is a former union president, right? Do you know why I laughed so hard when I heard that? In my world, this is the first time I have seen a union leader sitting in a representative position. “It’s all President Song’s work?”
“what···. “I made an offer as a condition for taking over the company.”
“It’s really weird, really weird. Who would have thought that? If I ever meet you, I definitely want to ask you that one thing. “What the hell are you doing?”
Myeong Go-cheon looked at me with eyes sparkling with curiosity.
“Nothing special. At that time, DS HiTek had lost all growth engines. Sales were at rock bottom, deficits were piling up like mountains, and even employees had lost motivation. It wasn’t even sold, so it was virtually headed for bankruptcy. However, I felt that it was a waste of a company to disappear like this. Still, it is a company that has endured since the dawn of semiconductors in our country. Since it was a company that DS Group Chairman Hong had grown with great affection, the facilities and technology it had were not bad. And the reason why Choi Chun-gil, the union president, was appointed as the representative…”
“What made you sit down?”
Myeong Go-cheon’s buttocks were shaking as if he was exhausted.
“In order for the company to revive, everything that existed had to be completely overhauled. Among them, the most urgent thing was to inspire employees. And the person who could accomplish that task best was union leader Choi Chun-gil.”
Myeong Go-cheon tilted his head as if he didn’t understand.
“There was no one who had more affection for the company than Choi Chun-gil. He was trusted by everyone, regardless of whether he was an office worker or a production worker, and most of all, I liked that he maintained a good middle ground without being biased to one side. “I thought he was the right person.”
“barely···. “Is that why you put me in that important position?”
“That’s enough. What else do you need?”
“A noble kid who has never run a corner store? “Does it make sense to appoint someone to a representative position simply because he or she is a good person?”
“There’s nothing that can’t be done, right?”
Myeong Go-cheon shook his head as if he could not agree.
“You were wrong this time. So what are the results now? Has anything changed? The company is still making a loss, and the child is not able to pray properly due to mismanagement and KS. People kade? “The only blemish on miracle investor Song Dae-woon will be SI Hitech.”
“Hmm… Is that so?”
In fact, it wasn’t entirely wrong.
SI HiTek, which changed its name, underwent a major restructuring.
What was to be discarded was boldly discarded, and large-scale investments were made in key areas to move forward.
There was a lot of noise in the process, and a lot of money was invested.
In fact, among the companies I invested in, SI Hitech was the one where the most money went into.
Going through such a period of upheaval, the company atmosphere was bound to be turbulent, but CEO Choi Chun-gil quickly put this to rest and strengthened internal solidarity, and the company quickly regained stability.
But it ended there.
Sales were gradually improving, but the company was still in the red, and there were no clear results.
That was the current status of SI HiTek.
“Then shall we make a bet with that?”
“Tell me in detail.”
“I heard that one of Mr. Baek’s specialties in Myeongdong is stock-backed lending.”
“Because there is no surer security than that.”
“Then, I will take out a loan using all of my SI Hitech shares as collateral.”
Myeonggocheon’s surprised body tilted towards me.
“you···. “Is that true?”
“hmm···. As of yesterday, SI HiTek’s stock price was 20,000 won. “The value of my stake would be around 600 billion won.”
“Keep talking.”
“Please give me 300 billion won in loans. From then on, the betting begins. You said that SI Hitech’s prospects are bleak, right?
“I think so.”
“I have no doubt that SI HiTek will blossom in the near future. They are in completely opposite positions. So, let’s make a bet on who is right.”
“Thank you, I understand, so don’t spin around and get to the point.”
“If the stock price of 20,000 won falls below 10,000 won within 3 months, you will win. Instead, if the stock price, which was 20,000 won, becomes more than 100,000 won, I win. ah! Of course, I will not purchase stocks with my own money after the bet is settled.”
“What does the winner get?”
“If you win, of course the collateral you left will be forfeited, and I will pay back the entire 300 billion won you borrowed. Instead, if I win, the old man lent me 300 billion won. “I will eat it.”
“What if it doesn’t fall below 10,000 won or above 100,000 won?”
“Then they just take a 10% commission and the betting is over. How is it? Would you like to try it?”
The old serpent turns his eyes here and there.
Soon, Myeong Go-cheon smiled and slowly nodded.
“That sounds fun. good night. Let’s do it. For your information, I’m going to write a contract, so I’m definitely not going to give it up. Do you understand?”
My eyes caught the sight of the twitching corners of the mouth being pushed down with facial muscles.
The conditions were so advantageous that I couldn’t not have accepted it.
But that old fox won’t know.
The fact that I had crawled into a terrible trap that I had set for myself.
