New Employees With an Annual Salary of 1 Trillion Won - Chapter 161

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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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Chapter 161. Spider Web (1)

From now on was the important part.

To completely capture the wavering hearts of the Myeongdong Trio, I had to instill confidence in them.

“I’ve also prepared a way for the elders to settle into the third-tier financial sector.”

“It sounds like you’re saying you’ll give us money and support us in establishing our position.”

“I want to entrust the handling of non-performing loans held by Hana Bank and the card company to the elders. Since the scale of these debts exceeds at least a trillion won, it will become a stable source of income.”

Non-performing loans were ultimately money that couldn’t be recovered.

And Myeongdong specialized in collecting such money.

“Debt collection is our specialty.”

Non-performing loans will become geese that lay golden eggs.

Buy a 10 billion won debt for 2-3 billion won, and even if you only recover half, you get 2 billion won in pure profit.”

“If the scale is in the trillions, it would be hundreds of billions at minimum.”

When you own banks and card companies, non-performing loans are bound to occur.

No matter how sophisticated a system you have compared to other commercial banks, non-performing loans are unavoidable.

And given the scale of Hana Bank and the card company, there would be more than enough to fill the bellies of the Myeongdong Trio.

“I’ll do it. It’s better than dying from sakura money, isn’t it?”

“The world has changed a lot. We need to change too.”

“Everyone seems to think the same. It’s time to leave Myeongdong.”

Now they had completely come over.

So now it was time to get what I wanted.

“First, I’ll transfer the non-performing loans to you. Having a stable source of income in advance should be advantageous for the screening process, shouldn’t it?”

“That’s right. The examiners also need justification to grant approval.”

“To easily pass the screening, you need to hold non-performing loans worth at least hundreds of billions. Of course, I can’t just hand them over for free. Even formally, I need to receive a certain amount of cash or equivalent assets in return.”

I didn’t expect cash from them.

What I wanted were the shares in Tiger Fund subsidiaries that the Myeongdong Trio held.

But since I couldn’t bring it up first, I threw out a slight hint.

“Didn’t you agree to provide 3 trillion won in support? Then we could receive money from you and then buy the non-performing loans, couldn’t we?”

“That’s not possible. First, you need to enter the third-tier financial sector before Tiger Fund can officially provide support.”

“Then the money to buy the non-performing loans first has to come from our own pockets. Where are we supposed to get hundreds of billions in cash suddenly?”

Gwanghwamun Bear was beating his chest as if frustrated.

But the experienced Madam Park provided the answer I wanted on her own.

“You mean assets other than cash are also possible? Then you’d also accept stocks or convertible bonds?”

“If they’re stocks or convertible bonds related to Tiger Fund, anything is possible. Since there’s the justification of ‘securing equity stakes,’ headquarters would have no reason to object.”

It was a condition that posed no burden at all to the Myeongdong Trio.

Just by handing over their shares, they could have geese that lay golden eggs.

“I hold quite a bit of Daehyeon Construction stock. Would it work to transfer that at current prices?”

“That’s right. We need to leave evidence of exchanging non-performing loans for stocks so there won’t be problems later.”

“That’s not difficult. Is it finished once we transfer the shares?”

Of course, it wasn’t finished here.

With an investment of 3 trillion won, I couldn’t just end it by receiving shares.

“It’s not really a condition, but I’d like to make one proposal.”

“What proposal?”

“Now Tiger Fund and Myeongdong are in the same boat. To navigate the seas without shipwreck, shouldn’t we share the information we each possess?”

“Hmm, are you asking us to just give you the information we’ve gathered over decades?”

Myeongdong’s intelligence network.

Myeongdong was a group with superior intelligence capabilities than even the police or the National Intelligence Service.

Especially regarding politicians and corporations, their information was unparalleled, and I wanted to have that information.

“Tiger Fund has a global intelligence network covering not just Wall Street. We can provide global information that you could never obtain within Korea.”

“You’re saying we should exchange our domestic information for overseas information.”

“Actually, the information that makes money is global information. Tiger Fund generates profits exceeding tens of trillions of won annually based on such information.”

“I understand that Wall Street even receives information from the White House. Wouldn’t that be too disadvantageous for Tiger Fund?”

In terms of value alone, Tiger Fund’s information was naturally more valuable.

But domestic information was needed not for money, but for survival.

To continue doing business in Korea, you had to hold the leashes of politicians and business leaders.

“Of course, we can’t give you all of Tiger Fund’s information, but we’ll share the information that the Korea Branch can access. Even that information alone would give you more global intelligence than commercial banks have.”

“Just looking at how Tiger Fund knew about the card crisis in advance and responded shows their intelligence capabilities are certainly superior.”

“We’ll share such superior information with you. So we’d like to receive all the information Myeongdong possesses.”

The Myeongdong Trio, who had shown little change in expression until now.

But they reacted sensitively to information sharing.

The reason they had been able to survive in Myeongdong until now was because they held sensitive information in their hands.

“The information we have wouldn’t be good for you to know, but is that okay?”

“I want to know even the most trivial information.”

“Even if it’s ugly and dirty information?”

“Yes. Who knows what might happen in the future? I want to collect as much information as possible to prepare for that time.”

“With Myeongdong’s information, at least the political circles can’t easily touch us.”

Gwanghwamun Bear showed confidence.

That’s how deeply connected Myeongdong and the political circles were.

It was confidence that could emerge because Myeongdong was the group entirely responsible for political money laundering.

“If Tiger Fund provides ‘profitable information’ and Myeongdong provides ‘field information and power to drive away troublemakers,’ wouldn’t that be greatly beneficial to both sides?”

“Hmm, very good. It’s been a long time since I met someone so reasonable.”

“If we join hands, we can push out the Japanese lending companies and dominate the third-tier financial sector.”

I had joined hands with the Myeongdong Trio.

More precisely, I had placed my hand on top of theirs.

It was the moment when both the shares and intelligence network that Myeongdong possessed became entirely mine.

***

After finishing negotiations with Myeongdong, I returned to the company.

Since I couldn’t maintain my morning routine due to meeting the Myeongdong Trio, I visited Nexpin first to keep it now.

“Aaaahhh!”

A scream greeted me as soon as I opened the door.

Manager Kim was holding an enormous amount of documents and screaming.

“Is something wrong?”

“Can’t you see this? These are all patent drafts!”

“Are they battery-related patents by any chance?”

“Yes! They’re all battery-related patents. What does he do, just eat and create patents? Just this week alone, over 30 patents have come in!”

Dr. Robin kept his promise well.

He was proving through patent drafts his promise to create so many patents that Tiger Fund’s bank account would have holes in it.

“Can’t we handle only the core patents ourselves and pass the rest to the Support Team?”

“I already did that! What’s left after passing them on is this much? I’m not going home this week either.”

I slipped past Manager Kim and looked at the patent drafts.

Even at a glance, they looked valuable and were patents that would be difficult for the Support Team to handle.

“Battery-related patents will continue to pour in from now on.”

“More are coming?”

“And I intend to handle the work of organizing these patents to develop new patents or fill in missing patents myself.”

“You’re going to create more work?”

Manager Kim’s deflated voice was so pleasant to hear.

Watching not just Manager Kim but colleagues suffering under work made me feel like all my accumulated stress was melting away.

“All the patents created that way will become Nexpin’s assets. And they’ll also come back as bonuses.”

“Alright! Let’s just work! Manager Kim, you stop talking too. And Employee Lee, don’t overdo it.”

President Cha sorted out the situation.

Everyone sighed and got to work, and watching them, I also started working.

***

After finishing all of today’s work, I headed to the fund office.

Representative Park Dae-hyeok of RedLine was waiting for me.

“You came early.”

“It’s a call from the Branch Manager, so naturally I should come early and wait, shouldn’t I?”

“Is the transition to a security company going well?”

“It’s proceeding smoothly. Thanks to the Branch Manager’s active support, we were able to recruit a large number of talented people and even build systems superior to major security companies.”

RedLine had grown more than dozens of times in size over the past few months.

They hired over 200 new employees alone and even moved to a larger building.

“Now there shouldn’t be much difference compared to major security companies.”

“In terms of scale and facilities, yes, but there are still many shortcomings. Especially, our revenue structure is still very lacking.”

As the company grew larger, maintenance costs inevitably increased significantly.

Representative Park Dae-hyeok showed signs of anxiety since they were currently entirely dependent on operational funds supported by Tiger Fund.

“Once the system is perfectly established, money will naturally follow. Tiger Fund will provide full support during that period, so you don’t need to worry.”

“I hope that day comes soon. Honestly, the current RedLine is like a parasite. We’re just consuming resources without doing any work, which makes me very uncomfortable.”

Representative Park Dae-hyeok wanted to earn his keep.

I threw him a task for that purpose.

“I’m going to entrust you with an important job.”

“Whatever it is, just give me the order. I’ll definitely get it done!”

“We’ve agreed to receive shared information from Myeongdong. I want all that information brought to RedLine.”

“By Myeongdong, do you mean the private loan market?”

I nodded.

Since RedLine was also a company that dealt with information, they were well aware of the rumors about Myeongdong’s private loan market.

“We need to make all the information Myeongdong has our own. Not just bringing it over, but digitizing everything and planning to utilize it in various ways.”

“Should I handle the digitization of Myeongdong’s information?”

“I’d like it processed as quickly as possible. Can you do it?”

“Of course it’s possible. We have many personnel who handled information in the military and government agencies. I’ll utilize the military spirit to shorten the timeframe as much as possible!”

RedLine’s lifeline was information.

If they could properly utilize Myeongdong’s information, Tiger Fund’s information, and information secured through various channels, they could evolve beyond a simple security company into an information corporation.

“I’m separately creating a system to utilize the digitized information.”

“What kind of system do you mean?”

“You can think of it as similar to a portal website. It’s a system where you input just one case through various algorithms, and it can not only search related information but even predict situations.”

Too much information was also a problem.

Excessive information actually causes confusion.

That’s why we needed a system that could systematically utilize diverse information, and we were currently investing hundreds of IT development team members to create a perfect structure.

“With such a system, it would definitely be a great help. Actually, no matter what work we do, the preparation process usually takes much longer than execution.”

“Once the system is completed, the time spent on information gathering and organization will be greatly reduced. Most importantly, we’ll be able to clearly understand how to utilize information.”

Information can accomplish many things if utilized properly.

Making money was obvious, and it could also be used as a defensive wall to protect Tiger Fund.

And most importantly, having information allows me to control all situations. That’s why I was providing somewhat excessive support to RedLine.

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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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