New Employees With an Annual Salary of 1 Trillion Won - Chapter 82
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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 82. New Connections (2)
“What kind of favor is it?”
“Could you mediate so that the children don’t fight to the point of cutting ties? Right now I’m here, but when I’m gone, someone needs to stop them, don’t you think?”
“Why are you asking me for such a favor…”
This was the first time I’d seen the General Manager look so flustered.
A request to become a mediator in the group’s succession dispute was certainly unexpected.
“I’m not asking just you. I’m speaking to both you and the Deputy Manager.”
“I’m not sure if we have the ability to mediate such matters.”
“Just because I’ve aged doesn’t mean my eye for people has grown old too. I’m saying this because I think you two will be moving South Korea’s economy in the future.”
I looked at the General Manager in surprise.
But the General Manager was nodding at Chairman Wang’s words.
“I’m the Tiger Fund General Manager, so I can’t focus only on Korea. That favor would be better directed to the Deputy Manager.”
“In the end, aren’t you the one making the decisions?”
“The Deputy Manager’s decisions don’t require separate approval. Even if it’s a matter requiring not 2 trillion, but 100 trillion or more in funds.”
Honestly, the current situation felt burdensome.
I was already busy dealing with Nexpin and Rollbook, so how could I also worry about Daehyun Group?
Though he was saying this out of recognition for me, I didn’t want to get involved in something that wouldn’t benefit me.
“Haha, Deputy Manager Lee Jung-hoo, was it? Please take good care of things from now on.”
“If you need anything, please call me anytime. However, I’m not sure how much help I can be with sensitive matters like succession issues.”
“It won’t be difficult. Just make sure the name Daehyun doesn’t disappear. I don’t have much time left to live either. I’m asking you with my last remaining energy, so please, I really ask this of you.”
I couldn’t believe his words about not having much time left to live.
Despite being over 80 years old, his eyes were clear and his presence was incredibly intense.
Chairman Wang was radiating such overwhelming energy that it was difficult to even look him properly in the eye.
Perhaps that’s why.
I couldn’t bring myself to reveal my true feelings.
I could only quietly nod my head, and Chairman Wang finally gripped my hand tightly before heading outside.
“We’ve received quite an unexpected request.”
“I never expected to receive a request to help the number one business group.”
“They may be number one now, but will that ranking be maintained even without Chairman Wang?”
“Is the succession dispute really that serious?”
Daehyun Group was a corporation representing Korea.
No matter how much Samjin Electronics was catching up, I hadn’t really thought that Daehyun Group would easily give up their position as the number one conglomerate.
But now that thinking was gradually changing.
Because I was beginning to see the gear structure of Daehyun Group.
Rupturing sounds could be heard from various places, and there was more discord than harmony.
“If all power and equity shares were concentrated in one successor, it might be different, but when affiliate companies and shares are divided among many children, it becomes difficult to maintain the current position.”
“I’m not sure if I should be saying this, but except for Daehyun Motors, the other affiliate companies don’t look like they’re in very good shape.”
Especially in construction and electronics, discord was pouring out.
In the case of construction, it wasn’t just cracked – several gears were broken and not rolling properly at all.
“Daehyun Group does have many problems. Even Daehyun Construction, which is the center of Daehyun Group, lost momentum after suffering major losses in Middle East projects.”
“The once-solid castle is gradually crumbling down.”
“No matter how sturdy the materials used to build it, if it’s not managed well, it’s bound to collapse. Especially when power is transferred to the 2nd and 3rd generations, that tendency becomes even stronger.”
The more we talked, the more sorry I felt toward the General Manager.
If it weren’t for the Hanyang Dairy incident, there would have been no reason for Tiger Fund to invest as much as 2 trillion won in Daehyun Electronics.
Of course, I was the one who said we should invest 2 trillion won, but to profit from this investment would require at least several years.
“I feel bad that we invested too heavily in Daehyun Electronics because of me.”
“Employee Lee, don’t worry about it. Tiger Fund won’t be hurt by just 2 trillion won. And we can make profits elsewhere, can’t we?”
We needed an investment target that could yield high returns in the short term.
Of course, we were already making decent profits from short selling IT technology stocks.
But it wasn’t enough profit to achieve the Tiger Fund normalization that the General Manager had set as a goal.
“I’ll continue to look for good investment opportunities.”
“If you need any materials, feel free to request them anytime.”
“I’d like to review all materials. Especially if they’re related to IT companies, I want to check even the most trivial information.”
The General Manager showed a smile of unknown meaning.
“Do you know how much material there is? If you include all the materials Tiger Fund possesses and the materials received from prime brokers, you’d have to spend not just days but months just looking at materials.”
“That’s still fine. I need to review materials until I secure decent investment opportunities.”
“Sending you the materials isn’t difficult. But don’t overdo it. Don’t you also need to look after Nexpin and Rollbook?”
There was no need to worry about that part.
I was just trying to add one new routine to my existing routines.
If I processed the existing routines as quickly as possible and then reviewed materials, I could definitely handle everything.
***
I finally understood the General Manager’s smile.
The IT company-related materials sent from Tiger Fund were literally endless.
While I was reading one document, dozens more piled up in my mailbox.
Fund Employees constantly placed materials equivalent to dozens of specialized textbooks on my desk.
I tried to process all those materials according to my routine.
Organizing emails and categorizing materials made me feel at ease.
But the accumulation speed was faster than my organizing speed, and the more this happened, the more impatience and displeasure washed over me simultaneously.
‘This won’t end at this rate.’
To break through the current situation, I needed a groundbreaking method.
I couldn’t get help from Fund Employees or Rollbook Employees.
In the end, only I could understand and discover new investment targets through the Gear.
Then there was only one method.
I needed to create an Algorithm that would automatically save data in a System.
And fortunately, I had already created a similar Algorithm and System before.
‘I can use the Credit Score Algorithm.’
Over 70% of the related materials were Accounting Data.
So if I could quantify and score them through the Credit Score Algorithm, rapid classification would be possible.
Revenue structure, Cash flow, debt ratio, turnover rate, and depreciation.
Based on Tiger Fund’s materials, I automatically assigned scores to the above categories.
‘I’ll need variables too.’
Simply scoring wasn’t enough.
I decided to create a new Algorithm by inputting variable information based on previous cases.
Especially, I input the accounting patterns of companies that caused accounting manipulation like MicroStrategy as variables.
It wasn’t an easy task.
Simply inputting materials and creating the Algorithm alone was work that would take over a week.
But to maintain a normal routine at the Company going forward, I had to create the Corporate Credit System right now.
***
Exactly one week later.
I went to find the General Manager with the Algorithm I had created.
“It’s been a while. What have you been doing for a whole week that made it so hard to see your face?”
“I was investigating IT-related companies and didn’t go outside.”
“So did you find something?”
The General Manager subtly showed his anticipation.
To meet his expectations, I immediately presented the materials extracted through my algorithm.
“I found some strange companies.”
“What kind of materials are these? They have scores and rankings.”
“I scored companies based on the credit score system used by Hanseo Card.”
“It’s similar to credit ratings. Tiger Fund also refers to Moody’s credit rating evaluations.”
Credit rating agencies already existed.
They classified companies into more than 10 grades from Aaa to Ba1 to score them.
However, the existing credit rating system and the corporate credit score system I created differed in many aspects.
“There are several companies that Moody’s rated as Aaa, but couldn’t even get 60 points in the credit score system I created.”
“Are there many companies where credit ratings and credit scores differ?”
“Most show similar results. But there were a few companies that came out strangely different.”
The General Manager carefully examined the materials.
Only after checking how I scored and where I gave more points did he speak again.
“Credit rating agencies often have different scores too. Though differences this large are rare.”
“I conducted verification in various directions, wondering if there might be something wrong with the algorithm I created. Most came out fine, but similar results appeared in only one company case.”
“Which one was that?”
“MicroStrategy.”
It was the company that brought us the greatest profit during the IT short selling.
It was also the culprit that accelerated the IT bubble collapse and the company that caused the major incident of accounting manipulation.
“Hmm, so you suspect accounting manipulation?”
“That’s right. It can’t be explained unless it’s accounting manipulation.”
I wasn’t just saying this based on numbers alone.
I conducted intensive investigations targeting companies where anomalies occurred.
Each time, terrible discord was bursting out from those companies’ gear structures.
That wasn’t all.
Some companies even had completely stopped gears.
“What companies are those?”
“The most suspicious company is Enron. Their cash flow compared to operating profit is abnormally low. That’s why they received a low score in the credit score system I created.”
“Is that the only reason?”
“There are other reasons too. While their debt ratio is low, they lack liquidity. And they were inflating their profit margins through intangible assets.”
Simply put, it was a company with abnormal cash flow.
And the gear structure was also a very strange form of corporation.
There were an enormous number of gears, but they weren’t functioning.
“So intangible assets means they’re inflating operating profits with paper assets like patents or contractual rights.”
“These are also documents that are difficult to verify. And the cash flow is very complex too.”
“What exactly are you suspecting?”
“I suspect they’re operating dozens of shell company corporations.”
Shell companies or Paper Companies.
This was the only structure that could explain it.
There were dozens of gears that only had form but didn’t function, and all of these were suspected to be shell companies.
“So they’re hiding debt through Paper Companies.”
“It seems they’re inflating operating profits by transferring debt while bringing in profits.”
“Hmm, it looks like there’s a possibility of an accounting fraud case. If it breaks, the stock price would crash at least 90%.”
I had already experienced the terror of accounting fraud through MicroStrategy.
The moment they get caught, the stock price was bound to crash, and if you built a Short Position, you could make huge profits.
“The possibility of accounting manipulation is very high.”
“Let’s proceed with an intensive investigation. But was Enron an IT company?”
“It’s closer to an energy company, but recently they’ve been building Internet trading systems and calling themselves an IT company. Thanks to that, I was able to receive related materials.”
What would be the reason for packaging themselves as an IT company?
It must be because it’s easier to create illusions through intangible assets.
Thanks to that, Enron came into my sight.
Annual Salary 1 Trillion New Employee Chapter 82
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
List 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, and 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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