New Employees With an Annual Salary of 1 Trillion Won - Chapter 47

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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 47. Giant Killing (2)

The most important thing in a short squeeze strategy was understanding the opponent’s cash flow.

CEO Oh Chang-jin was reading Tiger Fund Korea Branch’s movements precisely.

“They received an emergency injection of 200 million dollars. That means their cash reserves are completely depleted.”

“And that’s at 20% annual interest. Their financial capacity won’t last even ten days.”

“Aren’t you being too naive? I don’t think they can last a week, let alone ten days. Honestly, even a week is being generous. It wouldn’t be strange if they collapsed tomorrow.”

CEO Oh Chang-jin leisurely sipped a cup of warm coffee.

It wasn’t arrogance but confidence, and the source of his confidence was the alliance.

“Several individual market forces have joined us. And other large funds are also starting to show active interest.”

“In a declining market like this, they naturally flock to any opportunity to make money. And I’ve set it up nicely for them to feast on. Of course they should gather.”

“But we just received information from Hong Kong. Kang Dong-ju’s side has signed a funding contract with a Hong Kong fund.”

Information starts with connections.

Cali Fund had information networks not only on Wall Street but throughout Asia.

Especially in Hong Kong, they had solid connections established.

“They’ll hold out for about one more day.”

“Two days at most. And once rumors spread that they’re borrowing money at high interest rates for short selling, won’t the funds that were waiting and watching start to move?”

“Of course they will. Now I just need to think about how to toy with them before finishing them off.”

“Should we make a probing call to Kang Dong-ju’s side? If we casually suggest handing over Rollbook and Nexfin when funds run short, he might be tempted, don’t you think?”

The Deputy Director had thrown out that comment as a joke.

But CEO Oh Chang-jin took those words seriously.

“Should we try that? Today he’ll still hold out with Hong Kong funds, so if we call tomorrow, won’t he take the bait?”

“I’m afraid Kang Dong-ju might unleash a torrent of curses at you, CEO. I’ll take the role of being cursed at.”

“Hey, I can’t give you such an entertaining task. I need to hear Kang Dong-ju getting excited and cursing with my own ears.”

While they were chatting like this, the market opened.

CEO Oh Chang-jin and the allied forces launched their second day of attacks.

“Let’s start modestly.”

“Our funds are tight too, so pushing hard would be burdensome.”

“At times like this, how nice would it be if the allied forces moved first? They’re so scared, they just sit still if we don’t move. Headquarters is the same. How nice would it be if they gave us more generous funding?”

CEO Oh Chang-jin was also facing a shortage of funds.

Although he received support from headquarters, the amount wasn’t substantial.

In the end, I had to pull money from various sources and use it sparingly.

“I’ll put in 100 million dollars for now.”

“You need to put in at least that much for the alliance to join. Don’t pour it all at once, shake it gently as you pour.”

“The alliance has started following our moves!”

“That’s right! This is how they should respond.”

The stock price soared again.

However, it broke down again in less than a minute.

“Kang Dong-ju is counterattacking quite strongly.”

“He must have already received money from Hong Kong. Yes, this is how it should be to make it interesting. It’s a bit boring for me when it’s too easy.”

“Should we deploy additional funds?”

“Deploy them after the alliance finishes spending all their money. That way they’ll follow us in again.”

CEO Oh Chang-jin and the Market Forces alliance had different thoughts.

The alliance wanted a long-term battle, but Oh Chang-jin hoped for a short-term war.

In the end, the more urgent party was Oh Chang-jin, and he was also the one who had to spend the most money.

“The Market Forces are no longer following along.”

“They’re already taking a wait-and-see approach? Kang Dong-ju’s funds are almost depleted! Now is the opportunity to press the attack, but why is everyone so lacking in stamina!”

“It seems securing cash takes time. The funds they can spend in a day are inevitably limited. Moreover, they seem to think that the longer this drags on, the more advantageous it is for us.”

Who wouldn’t know that?

Kang Dong-ju who had to struggle with enormous interest every day.

But his desire to put him under his feet and shake him as soon as possible was too strong.

“Whew, let’s not think too hastily. The one in a hurry is Kang Dong-ju.”

“Kang Dong-ju is probably making calls everywhere to borrow money right now.”

“Shall we check if that’s true? Call Kang Dong-ju. I’ll speak to him directly.”

What kind of expression would the arrogant Kang Dong-ju have right now?

Would he be angry, or would he bow his head?

Driven by that curiosity, Oh Chang-jin made the call.

[This is Kang Dong-ju.]

“Branch Manager, have you been well? This is Oh Chang-jin.”

[Not particularly well, but I’m getting by reasonably.]

His voice was calmer than expected.

That tone irritated Oh Chang-jin for no reason.

To have such composure even in this situation. It must be an act.

But even that acting was annoying, so I decided to scratch at his insides.

“I’ve been hearing that Tiger Fund Korea Branch is short on cash. Is that true?”

[Are such rumors going around? Haha, well, it’s not completely wrong.]

“If you’re really in urgent need of money, I can arrange funds using Rollbook and Nexfin as collateral.”

[How much are we talking about?]

There it is.

Seeing him bring up money even though he clearly knew I was doing counter-trading, he seemed quite desperate.

“I can arrange about 40% of the appraised value. However, if you can’t repay within a month, I’ll take 51% of the equity shares in Rollbook and Nexfin.”

[You’re saying you’ll lend 40% and take 51%? The conditions are a bit harsh.]

“It’s not such a bad condition, is it? You just need to repay within a month. And you can think of the 11% as interest.”

Of course he’ll refuse.

Well, it wouldn’t matter if he accepted either.

Whatever choice he made, the result would be the same in the end.

[But do you have the funds to arrange that cash? Cali Korea Office doesn’t seem to have that much cash.]

“Of course I have that level of funding.”

[You do know the value of Rollbook and Nexfin, right?]

“Would I have made such a proposal without knowing that much? 40% of both companies’ value would be about 160 million dollars, wouldn’t it?”

Oh Chang-jin’s voice was getting louder.

Kang Dong-ju’s gentle voice was actually scratching at Oh Chang-jin’s insides.

Perhaps because of this, the situation was flowing in the direction Kang Dong-ju wanted.

[As expected of Cali Fund. You’re accurate. Then can we meet today and sign the contract right away? And I’d like to receive the funds today as well.]

“Of course I should handle it within today. Shall we meet at the hotel where we met before?”

[Let’s leave right now.]

Bang! Oh Chang-jin hung up the phone roughly.

The Deputy Director nearby asked cautiously.

“Still, wouldn’t it be better to sign the contract when the stock price is rebounding? At that point, it would be difficult to break it down no matter how much funds we inject.”

“Whether we do it now or later, the result is the same. And now is the opportunity. We can buy management rights to Rollbook and Nexfin 11% cheaper, so what’s the problem?”

Oh Chang-jin was resolute.

This was a battle of wills.

You could call it stubbornness, but he believed that if he won the battle of wills, he could ultimately win the war as well.

“If 160 million dollars goes out, our fund management will become tight too.”

“Then, we need to bring in more too. Contact Hong Kong.”

“The interest rate there is too high. We’d have to pay at least 36% annually.”

“We just need to win! It’s a fight we’re going to win anyway, so why get scared first!”

Unable to contain his frustration, Oh Chang-jin directly called the Hong Kong Fund.

And he signed a $300 million funding contract using Cali Fund Korea Office’s assets as collateral.

“If this becomes a prolonged battle, it’ll become disadvantageous for us too.”

“Kang Dong-ju is more desperate than us, so don’t worry. And do you think headquarters will just sit back and watch? If we really run short on funds, they’ll provide support.”

“Headquarters has been showing a lot of interest in this operation.”

“That’s why we should push forward. I’m going to the hotel right now, so you prepare the cash. Don’t send it late and make the situation weird.”

CEO Oh Chang-jin hurriedly gathered his clothes and headed to the hotel.

He seemed to believe that while Kang Dong-ju spoke leisurely over the phone, meeting in person would be different.

***

“Did the $160 million arrive?”

It was the question the Branch Manager threw as soon as he returned.

And in the account, that money was deposited exactly.

“It came in! You really worked hard.”

“CEO Oh Chang-jin is quite an interesting person. He seemed more anxious than us.”

“Cali Fund is holding large long positions in tech stocks. They’re in a position where they must succeed in this operation. That’s why this negotiation itself doesn’t make sense.”

I felt the same way.

Giving war funds to the enemy – this was my first time experiencing such a war.

“They probably coveted Rollbook and Nexfin, and wanted to show the winner’s composure. They acted all arrogant in the negotiation room.”

“Did you just watch that?”

“Well, the war isn’t even over yet, so there’s no reason to stop them from being overconfident already.”

“Still, thanks to Oh Chang-jin, we got some breathing room.”

“Tomorrow starts the weekend. If we just get through today, we can catch our breath over the weekend.”

The $160 million obtained from the enemy.

It was like sweet rain in a drought.

Thanks to it, we could survive today.

“NASDAQ has risen for two consecutive days. It’s risen nearly 100 points cumulatively, and today also has a high possibility of rising based on the trend.”

“I see it the same way. Today seems like it will rise by a larger margin than the past two days. That’s also why I hurriedly met with CEO Oh Chang-jin.”

The NASDAQ index, which had fallen to 4,698,

rebounded to 4,793 within two days.

The profit rate that had reached 70% dropped to 50%, and the profit also fell to the 300 million dollar range.

“But will just holding on really be enough? It seems like some action is needed.”

“What do you think, Employee Lee? How much longer do you think we need to hold on?”

“It’s difficult to answer now.”

I held back my words.

Previously, I had confidently answered that we needed to hold on.

But after enduring this hellish situation together, I couldn’t speak so casually.

Looking at the flow of the gears alone, holding on was definitely the right choice.

The axles were gradually tilting, and the gears were breaking one by one.

The collapse was really not far off, but I couldn’t definitively say exactly how many days.

In fact, looking at the structure alone, it seemed like we just needed to hold on for today. But in this situation, I couldn’t bring myself to say such a thing.

“Looking at your face, it seems like you think we just need to hold on for a few more days.”

“I do think that, but I can’t guarantee how the situation might change.”

“Don’t worry too much. We just need to hold on for today.”

“Do you happen to have some basis for that?”

I couldn’t help but ask.

The Branch Manager wasn’t someone who moved based on vague optimism.

If he was confident, he must definitely know something else.

“There’s information that interest rates will be raised soon. They say the announcement will be made by next week at the latest.”

“Can’t you know the exact timing?”

“Usually FOMC meetings start on Tuesday and are announced on Wednesday. It’ll probably be the same this time.”

“Then we just need to hold on for exactly 3 days including today!”

Finally, I could see hope.

But why did the Branch Manager say we just needed to hold on for one day?

Was it just a slip of the tongue?

And the problem was that it was difficult to even hold on for those 3 days.

Thanks to CEO Oh Chang-jin, we got through today.

But if the attacks continued until next week, we would be in a position where it would be difficult to hold on even for a day.

“It might not even take 3 days. Let’s just hold on a little bit longer.”

“Are you saying the interest rate hike might be announced earlier than scheduled?”

“We’ll find out as we wait and see. I can’t say much, but something that will shake the market will happen soon.”

The Branch Manager wore a meaningful smile.

Did he know something else?

It seemed like he was holding some other card besides the interest rate hike, but he never opened his mouth to reveal it.

That probably meant it was a card he wasn’t certain about.

Even so, just the fact that he had some prepared card gave me a little peace of mind.

Annual Salary 1 Trillion New Employee Chapter 47

E-book Publication Date | 2025.11.27

Author | Seo Oh

Publishers | Heo Heung-beom, Park Geon-won

Published by | Poten

Address | [04783] 10th Floor, 8 Yeonmujang 11-gil, Seongdong-gu, Seoul

Phone | 02-6320-8500

Fax | 02-6320-8585

ISBN | 9791175305892

Price | 100 won

ⓒ Seo Oh 2025

This e-book is a copyrighted work protected by copyright law.

This e-book is published under contract with the author, so unauthorized reproduction, duplication, distribution, and sharing are prohibited without written consent from both parties.

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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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