New Employees With an Annual Salary of 1 Trillion Won - Chapter 81
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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 81. New Connections (1)
Hitting the sandbag wasn’t particularly fun for me anymore.
Of course, it was quite entertaining at first. It was like a Golden Goblin that spat out money when you hit it.
But now even the Fund employees continued their scheduled sparring while enduring boredom, and every time we threw a punch, Hanyang Dairy would spit out money while pretending to fall down.
“This short selling operation will generate roughly 120 billion won in profit.”
“I’m sorry for taking up the General Manager’s time with such a small deal.”
“120 billion isn’t exactly a small deal. Besides, we’re also making money on NASDAQ, so don’t worry about that.”
The IT bubble collapse wasn’t over yet.
The General Manager and I monitored the NASDAQ situation daily, short selling when technology stocks rose and buying back when they fell too much to maximize profits.
“The Hanyang Dairy situation seems to be almost over now.”
“We’ve wrapped up our part, but it’ll take quite a while for Hanyang Dairy to recover. It’s questionable whether they can even return to how things were before.”
“Even just going to nearby convenience stores, there are signs posted saying ‘We do not accept Hanyang Dairy products.'”
“If it were an irreplaceable product, maybe, but this is the price for acting arrogantly in a market flooded with substitutes like dairy products.”
Hanyang Dairy had shrunk to the point where it was hard to call it a large corporation anymore.
Stock prices plummeted, sales declined, and even franchises left in droves.
Most crucially, they had been branded as a ‘despicable company’ by the entire nation, making image recovery seem unlikely.
“It feels so satisfying. I was taught that revenge was pointless, but actually doing it doesn’t seem so bad.”
“Revenge depends on the method. If you give your flesh to take someone’s bone, you get hurt too, so it’s a loss. But we made money and got revenge, so there’s nothing to feel bad about.”
In fact, the damage we suffered was practically nonexistent.
Max Coffee sales wavered briefly, and there were some minor costs from running coupon events through Rollbook.
Of course, there were some other costs in between.
But since we made profits close to several hundred times through short selling, I didn’t feel it was a waste.
“But where are you going today? Your atmosphere is different from usual. Your clothes and hair are neat.”
“I told you before, right? I have an appointment with a big elder in the business world. That’s today. Employee Lee, get ready too.”
“Weren’t you talking about the Financial Services Commission Chairman? You met the President too. I thought that was already finished.”
“The Financial Services Commission Chairman and President are on the political side, but the person we’re meeting today is from the business world.”
The General Manager had dressed up much more carefully than when meeting the President.
What kind of person could it be that required this much preparation?
I quickly changed into a clean shirt, fixed my hair, and got in the car.
“Do you know how to play golf?”
“I don’t know anything about it.”
“If you’re going to do business, it’s good to learn golf in advance.”
“Are we going to a golf course today by any chance?”
“He said he wanted to meet in a quiet place. Well, let’s get going.”
We drove to Yeoju, Gyeonggi Province.
Once we left Seoul, the air was definitely different, and having come to a golf course for the first time in my life, I could understand why people enjoy golf.
“There was a place like this in Korea? I’ve never been to one, but I thought we’d come to a foreign resort.”
“Geumgang Golf Course is well-maintained. The grass is neat, and the facilities are much better than most hotels.”
It was indeed a clubhouse that was more luxurious and well-decorated than a hotel.
But there was no time to look around. The General Manager was moving quickly as if time was tight, and we headed straight to the VIP lounge.
“It’s an honor to meet Chairman Wang like this. I’m Kang Dong-ju, General Manager of Tiger Fund.”
“You’re the Tiger Fund General Manager? You’re younger than I thought. Based on your position alone, I thought you’d be around my age. Haha.”
“I was lucky enough to get promoted quickly.”
“It’s not a position you can reach with luck alone. Have you eaten? The food here is pretty good too.”
Chairman Wang?
At first, I wasn’t sure who he was.
But as the conversation continued, I naturally realized who the ‘great elder of the business world’ the General Manager had mentioned was.
There was only one person who fit those criteria.
“It’s an honor to meet the Honorary Chairman of Daehyun Group.”
“Oh, there was an even younger person here. Who is this?”
“He’s currently serving as Deputy Manager of the Korean Branch, but will soon take over as Branch Manager – Deputy Manager Lee Jung-hoo. I wanted to introduce him to you, Chairman, so I took the liberty of bringing him along.”
The General Manager recited detailed information about me on my behalf.
Chairman Wang looked me up and down, sizing me up for a moment, then continued speaking.
“The world has really sped up. A young person who’s not even young enough to be my grandson is already rising to a position responsible for an entire branch.”
“I was lucky, and Deputy Manager Lee Jung-hoo reached that position through skill.”
“Haha, from what I can see, both of you seem to be people with ability. Well, it’s awkward to keep talking here, shall we move to another place?”
Chairman Wang slowly rose from his seat.
Whether due to his age or health, his steps were slightly unsteady.
Nevertheless, without accepting anyone’s support, he quietly walked to the VIP reception room.
“Please sit comfortably. I’ve prepared some kombucha that’s good for your health.”
“We’ll gratefully drink it.”
It was a more respectful demeanor from the General Manager than ever before.
The presence of the person called Chairman Wang was that impressive.
Daehyun Group Honorary Chairman Jang Young-ju.
The man who built the nation’s top conglomerate and a pillar of Korea’s economy.
His influence was so great that he even had a history of running in the last presidential election.
There wasn’t a single person in South Korea who didn’t know his name.
And from Chairman Wang, a familiar harmony was flowing.
I felt almost the same sensation as when meeting Apple’s Steve Jobs and MS’s Bill Gates.
“Now that we’ve wet our throats, let’s get to the main point.”
“I’ve been waiting.”
“I’ll be direct. Lend me some money.”
Should I call it straightforward? Or perhaps blunt?
From the mouth of not just any chaebol, but the nation’s top chaebol, came the words asking to borrow money.
“How much do you need?”
“It depends on how much Tiger Fund can lend. The more, the better.”
“I need to know the purpose to gauge the investment scale.”
“What else could it be? It’s because of Daehyun Electronics, which has been struggling since acquiring GL Semiconductor last year.”
It was the aftermath of the big deal.
Of course, it was also an aftermath that Daehyun Group had brought upon itself.
After showing excessive greed for GL Semiconductor, they couldn’t properly swallow it and were now choking on it, unable to breathe.
“I understand that Daehyun Electronics’ semiconductor division’s financial situation is very poor. Funds in the hundreds of millions won’t even serve as a transfusion.”
“That’s why I called you. Myeongdong isn’t what it used to be these days. Only American capital can move funds in the trillions.”
“What do you think, Deputy Branch Manager? Would it be okay to invest trillions for Daehyun Electronics?”
How rude this behavior was.
The General Manager was throwing questions at me in front of such an elder.
Fortunately, Chairman Wang didn’t seem to mind much, so I could answer comfortably.
“I’m not an expert in semiconductors, but I understand the semiconductor cycle is very poor.”
“It’s gotten even worse this year. At this rate, the deficit alone will exceed 1 trillion won.”
“To overcome the funding crisis, I think an investment of at least 2 trillion won or more is necessary.”
“So are you on the side of investing in Daehyun Electronics, Deputy Branch Manager?”
“Wait, could you give me time to think?”
I looked back and forth between the General Manager and Chairman Wang.
Both of them smiled kindly and allowed me time to think.
Daehyun Electronics and semiconductors.
Would it be worth investing in?
As I began to think, the gear structure of Daehyun Electronics came to mind.
Creating many patent drafts naturally required me to study semiconductors as well.
Thanks to researching IT companies and checking Daehyun Electronics’ information, I was able to create the gear structure.
‘Why does this structure seem so familiar?’
Daehyun Electronics’ gear structure was complex, but it was also familiar.
It was similar to the structures of many IT companies.
IT companies and semiconductors are inseparably connected, so they could be similar.
Right now, it was definitely a structure destined to fail.
There was discord everywhere, and there were considerable cracks.
However, if they could endure and survive the current crisis, it was also a structure that could grow dozens or hundreds of times more than now.
“I think we should invest.”
“Hehe, that’s an answer I like. What do you think, General Manager?”
“I plan to follow the Deputy Branch Manager’s opinion. How much do you think we should invest, Deputy Branch Manager?”
“I would like to invest 2 trillion won. I recommend acquiring over 20% equity shares and investing the remaining amount in the form of convertible bonds.”
It was my independent judgment.
It might have been too hasty a conclusion, but I was confident.
I had learned a lot from the IT bubble and had a sense of how to generate optimal profits.
“This young man thinks big. Do you have the same thoughts, General Manager?”
“I was thinking of a similar scale. We’d need to spend that much to satisfy the Blue House, wouldn’t we?”
“You visited the Blue House recently, didn’t you? Did you get permission to attack Hanyang Dairy?”
There were rumors that Daehyun Group’s intelligence network rivaled that of the Blue House.
They said Daehyun lines were positioned throughout various government agencies and related organizations.
It seemed they already knew about our unofficial visit to the Blue House.
“That’s correct. Instead, we promised to actively invest in Korea.”
“Hehe, I came at just the right time. But can we receive 2 trillion won within this month?”
Chairman Wang seemed impatient.
However, the General Manager continued the conversation without wavering.
“The detailed coordination isn’t finished yet. Can you provide more than 20% equity shares?”
“For receiving a 2 trillion won investment, we should naturally give that much. We need to save the company first, don’t we?”
“The remaining amount will be received in the form of convertible bonds. If converted to stocks later, Tiger Fund could become the largest shareholder. Would that be acceptable?”
Daehyun Electronics’ market capitalization wasn’t very high.
Despite acquiring GL Semiconductor, the market cap remained around 3 trillion won.
Due to the adverse effects of the IT bubble and semiconductor cycle, even that was gradually decreasing.
Given Daehyun Electronics’ situation.
2 trillion won was enough to secure even more than a majority stake.
“If we can’t repay, we’ll naturally have to hand over the company. But wouldn’t it be better to somehow save it and receive proper value, or repay the money, rather than selling it cheap now?”
“Then I’ll deposit the 2 trillion won within this month. But why are you moving so urgently? I understand Daehyun Electronics isn’t in immediate danger of collapse.”
“I’m in a hurry. I’m planning to step down from my honorary chairman position after this month.”
It was a bombshell announcement.
Chairman Wang still appeared vigorous despite his advanced age.
Daehyun Group still revolved around him.
“Would it be alright to step down now? I understand the succession issue hasn’t been resolved yet.”
“I told them all to step down together, but they wouldn’t listen. So I decided to step down first. I’ve decided on successors for the major affiliate companies, and the rest can figure it out themselves.”
“Still, wouldn’t it be better to clearly decide on someone to oversee the entire group before stepping down?”
The number one business group.
Naturally, it also meant the largest scale in Korea.
There were many parts to divide, and Chairman Wang had several children.
“I can’t watch anymore. I’ll just let them handle it themselves. I want to spend time doing other things besides the group. This Daehyun Electronics investment is the last thing I can do for the group.”
“I’ll prepare for the deposit to be made within this week, not this month.”
“Haha, it’s been a while since I met someone I can communicate with so well.”
Chairman Wang’s expression looked truly relieved.
He even smiled kindly at the thought of stepping away from the noisy group affairs and enjoying a comfortable retirement.
Seeing this, the General Manager prepared his closing remarks.
Since the investment was confirmed, the negotiation could be considered finished, so he offered a ceremonial closing statement.
“If you have any other requests, please contact us anytime.”
“Would that be alright? Then, I’ll make just one request.”
Chairman Wang’s expression suddenly changed.
The atmosphere was much more serious than when he had demanded 2 trillion won.
The General Manager and I unconsciously held our breath, waiting for the words that would come from his mouth.
Annual Salary 1 Trillion New Employee Chapter 81
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 the author’s contract, so unauthorized reproduction, copying, 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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