After the Divorce, I Found a Thousand Bitcoins - Chapter 105

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This chapter was translated by Lunox Team. To support us and help keep this series going, visit our website: LunoxScans.com
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I Got Divorced and Found a Thousand Bitcoins Episode 105

Dashi’s stock price repeated ups and downs for ten straight days after dropping 10 percent.

It was a time when market participants were watching cautiously, not knowing how far this situation would extend.

But once Dashi’s stance was decided and it expanded into a financial incident, the market determined its direction.

“The market closed with Dashi down 5.2 percent.”

After the personal information leak incident, it dropped an additional 5.2 percent, facing a total decline of 15.2 percent.

For KH Capital, which was holding its position as is, astronomical profits were accumulating.

“Continue holding for the time being.”

“What? Wouldn’t it be better to realize at least some profits?”

The traders who newly joined as core personnel at KH Capital were flustered by Kwangho’s instructions.

From their perspective, it was their first time handling a short position of this scale and maintaining it for so long.

“We’re holding for the time being. That’s the company’s policy, so please follow it.”

“…Understood.”

This trade was entirely a company-led transaction.

Even if the trade failed, there would be no disadvantages coming back to them.

Knowing this, they nodded in the meeting, but Kwangho also sensed that their anxiety wasn’t completely resolved.

However, he wasn’t worried.

‘After this trade ends, they’ll adapt to this place.’

Just as he had, and just as Seong-won had, they too would eventually adapt.

To the trading methods of the trader named Choi Kang-hyeon.

* * *

Dashi continued to provoke the government.

[Isn’t the current government attacking us to eventually hand over the market to Chinese distribution companies?]

[The leaked financial information wasn’t from our data. Blaming us for it is clear framing!]

Not only in hearings, but the American executive in charge also came to the forefront in media interviews, blaming the government.

Naturally, public opinion worsened and the government also began to properly draw its sword.

[National Tax Service Investigation Bureau 4 examines Dashi.]

[Ministry of Science and ICT forms special task force to intensively examine Dashi’s personal information leak situation.]

Government organizations began targeting Dashi directly.

On top of that, YouTube lawyers also began stepping forward.

[This Dashi situation, to summarize briefly, can be seen as a self-defeating move.]

[Dashi’s response this time is incomprehensible.]

[The part everyone’s curious about. Whether damage compensation claims are possible regarding this personal information leak.]

[Our law firm is pursuing class action lawsuits through…]

Professional YouTubers also stepped forward to examine Dashi’s wrongdoings.

Moreover, they faced damage compensation claims, the situation Dashi least wanted to encounter.

Public perception also rapidly declined.

-I quit Dashi today.

-Honestly, quitting Dashi is about intelligence level.

-Why keep using Dashi when they disrespect Korea?

-Other companies are going crazy distributing coupons now lol

-They’re giving away free memberships.

-The e-commerce landscape seems like it’ll really change with this opportunity.

-We don’t need Chinese apps when there are several domestic e-commerce companies lol

-Let’s go big corporations!!

The domestic e-commerce market was dominated by Dashi.

But they didn’t occupy everything.

M-Store, which started as a portal site and became a major player in the e-commerce industry, didn’t miss this opportunity.

Dashi defectors began flocking to them as they started attracting new members with aggressive strategies.

Of course, Dashi wasn’t just watching this situation either.

“Currently, defectors are moving to other e-commerce companies.”

-How many?

“About one million withdrawals have occurred so far, and most of them have switched to other e-commerce companies.”

-Tsk, that’s more than expected?

One month after the leak incident occurred.

One million departed users was a faster number than expected.

The subordinate who submitted the report said cautiously.

“Even now, bowing our heads and presenting a compensation plan would be…”

-Bow our heads? Say something that makes sense! Do that and we’ll get sued by shareholders in the US and the company will be completely stripped!

“I’m… I’m sorry…”

The reason Dashi couldn’t carelessly mention responsibility for this incident was because of American shareholders.

Unlike Korea, shareholders’ rights were very strong in the United States.

If they saw the company as responsible and proceeded with damage compensation claims, that amount would inevitably be astronomical.

It was more beneficial to block that part even if it meant antagonizing the Korean government.

-The Korean government will quiet down soon anyway. So just focus on blocking the users.

“What? The Korean government will quiet down? How…”

-Hehe, Korea will have no choice but to quiet down once the US government steps in.

Lee Jae-beom on the monitor smiled sinisterly.

* * *

Kang Hyeon watched the charts after a long time.

‘Dashi’s price is falling nicely.’

One month after the leak incident.

Dashi had fallen about 20 percent from its peak.

KH Capital’s profit from its 5 trillion won position was showing a profit of 1 trillion won even by simple calculation.

It was an unbelievable profit made in just a month or two.

‘Even after deducting fees and paying interest, it’s over 900 billion won profit. There shouldn’t be any major cash flow issues for a while.’

KH Group was using its cash reserves for most of its businesses.

Since there was still little regular income, the more cash the better.

‘But is Dashi’s decline not over yet?’

Checking Dashi’s chart, Kang Hyeon could see blue light still emanating from the stock.

The intensity itself was a bit weak, but it was still emanating.

In this state, it meant there would be one or two more declines ahead.

‘They seem to have made this choice because of lawsuit risks in the US. The problem is they might completely lose the domestic market this way?’

Dashi was a company that grew by virtually monopolizing the Korean market.

The stock price currently listed on NASDAQ could also be recognized at a high price because of this background.

‘Dashi’s current market cap exceeds 50 trillion won. That’s after the price came down. Just being listed on NASDAQ made it qualify for Korea’s top 10 companies.’

Dashi, which could enter the top ten by beating logistics powerhouses, wouldn’t give up the US market.

Moreover, if shareholders there proceeded with large-scale lawsuits, the company would literally enter bankruptcy.

Knowing this, Dashi chose a strategy of pressuring the Korean government instead.

‘The problem is that no matter how much money you have, there’s no way to win fighting the government. Would they have picked a fight without knowing that?’

That couldn’t be it.

They must have picked a fight because there was a possibility of victory, but he couldn’t figure out what that method was.

Then a report arrived to Kang Hyeon.

[News has been updated that Dashi is conducting lobbying targeting the US government.]

Lobbying targeting the US government.

Now the outline was revealed.

How Dashi would pressure the Korean government.

* * *

The word lobbying itself was negative.

While it was actually illegal in Korea, the story was different in the United States.

The United States had lobbyist laws, and if disclosed transparently, such activities were considered legitimate political activities.

Dashi targeted this aspect precisely.

[Dashi revealed to have spent $3 million in lobbying funds in the United States.]

[Dashi starting lobbying in America to pressure the Korean government?]

[What will be the future of Dashi, which has declared a confrontation with the Korean government?]

The media released breaking news about Dashi’s lobbyist funding.

However, Kang Hyeon didn’t pay much attention to this funding.

‘$3 million would rank within the top five lobbying funds among domestic companies.’

While $3 million might seem small, among domestic companies, S Group spent the most on lobbying funds.

S Group uses over $8 million annually in lobbying funds, but considering S Group’s diverse businesses, Dashi’s lobbying funds for a single business were quite substantial.

‘With this amount, they’d actually be treated as big players in the US Congress.’

While they couldn’t move the entire US Congress, it was enough money to influence the Department of Commerce or President Goldwin’s inner circle.

In reality, even if they moved, it would only be to the extent of conveying a word or two to the Korean government, but from the Korean government’s perspective, even that would create considerable pressure.

‘The total amount lobbied so far exceeds ten million dollars. Having offered money to American political circles for so long, they must have calculated they could pressure the Korean government.’

It seemed they planned to avoid lawsuits in the United States while simultaneously pressuring the Korean government to somehow gloss over this leak incident.

‘The problem is that the people are rising up.’

Dashi was underestimating the Korean people too much.

* * *

-I canceled my Dashi membership today.

-I calculated the money I’ve spent on Dashi so far and it was 30 million won. I kept using it because Dashi delivery was really convenient. But I can’t use a company with this kind of attitude.

-Why would you use stuff from a company that wrongs Korea then lobbies America?

-Honestly, other places don’t do dawn delivery, but they come fast too.

-The benefits are pretty similar too.

-There aren’t any suckers still using Dashi, right?

-Our company also canceled Dashi and switched to M-Store.

When news spread that Dashi had lobbied the US government, the user exodus accelerated even more.

One reason for this was the leak of documents Dashi had submitted to the US government.

[In documents sent to the US Department of Commerce, Dashi wrote “Korean people cannot live without Dashi. The government is taking away their freedom,” harshly criticizing the Korean government.]

[In documents Dashi submitted to the US Department of Commerce, they also framed it as “The Korean government attacks us to save Chinese companies.”]

It was revealed that they had submitted documents directly mentioning Korean users while portraying themselves as being attacked instead.

When these facts came to light, the backlash from Dashi users grew stronger, and the departure rate naturally began to increase.

This situation was immediately reflected in stock prices.

“It dropped 4 percentage points during trading.”

“The index itself is rising, but only Dashi’s price is falling significantly.”

Even though the NASDAQ composite index was rising, Dashi was showing weakness.

This meant investors were viewing Dashi’s future darkly.

“What should we do with our position?”

KH Capital’s profits were growing even more.

It seemed like they could close their position now, but Kwangho spoke firmly.

“We hold.”

“Understood.”

No employee questioned his words anymore.

Having come this far, the employees thought it was already out of their hands.

And Kwangho felt the same way.

‘Kang Hyeon, you need to give the sell signal at the right timing.’

He too trusted Kang Hyeon and watched Dashi’s falling stock price.

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This chapter was translated by Lunox Team. To support us and help keep this series going, visit our website: LunoxScans.com
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