New Employees With an Annual Salary of 1 Trillion Won - Chapter 83
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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 83. New Connections (3)
General Manager Kang Dong-ju immediately boarded a plane to the United States.
It was to investigate Enron’s accounting manipulation that Deputy Manager Lee Jung-hoo had raised suspicions about.
To conduct a full-scale investigation, he needed to mobilize Tiger Fund Headquarters, which meant he had to go to the United States.
“Mike General Manager is here? But hasn’t it been too long? As a Tiger Fund general manager, you should be at headquarters, not staying at the Korea Branch for so long.”
“There were many matters left to handle.”
“I heard you joined hands with Griffin Fund and devoured one Korean conglomerate. It must have been fun, but it didn’t seem like a very profitable venture.”
Chairman Robertson was still guarding Tiger Fund Headquarters.
Although he had transferred all practical authority to General Manager Kang Dong-ju, he still retained his influence.
Naturally, he had received reports on everything happening in Korea, and he knew about the tens of billions of won in profits from short selling Hanyang Dairy.
“So this time, I’d like to try something more profitable. It’s also a stock recommended by Deputy Branch Manager Mr. Lee.”
“That young man, you mean. So where are you targeting?”
“Enron.”
“The energy company? Hmm, you’ve brought an unexpected stock. So why are you targeting Enron?”
Instead of answering, General Manager Kang Dong-ju showed him the materials.
It was the corporate credit score data that Lee Jung-hoo had created, with detailed differences from existing credit ratings.
“You think they deliberately manipulated things to raise their credit rating.”
“That’s right. The cash flow is quite suspicious. It’s also very similar to the MicroStrategy case.”
“Suspicions and doubts aren’t enough. You need solid evidence to make short selling possible, so how do you plan to secure that evidence?”
The credit score data wasn’t solid evidence.
The market would only react if they could prove actual accounting manipulation documents or the existence of ghost companies.
“Arthur Andersen handles all of Enron’s accounting. Enron could never pull off accounting manipulation of this scale alone.”
“So you think Arthur Andersen is also an accomplice. Well, to manipulate accounting this seamlessly without getting caught would require many experts working together.”
“That’s why I want to dig into Arthur Andersen. There are several employees who moved from Tiger Fund to Andersen, and conversely, there are employees who came to our side from Andersen, aren’t there?”
This was the reason General Manager Kang Dong-ju came to the United States.
Because there’s no more solid evidence than insider whistleblowing.
And Arthur Andersen wasn’t simply an accounting specialist company.
It was also a financial industry-related company that provided financial consulting, so there were many angles to exploit.
“Recruiting insiders is certainly the most reliable method. But they won’t come over with ordinary conditions, will that be okay? You know well that whistleblowers have a hard time working on Wall Street.”
“Who says they have to work only on Wall Street? They could work at the Korea Branch for a few years, or we could give them enough money so they don’t have to work anymore.”
It was a profitable deal even if he gave away billions of won.
If they could just expose the accounting manipulation, they could make trillions in profit through short selling.
“Is there anything I can help with?”
“Please handle the Securities and Exchange Commission and political circles.”
“You want me to work as a lobbyist?”
“To escalate this matter, we need the financial authorities to step in. If possible, please work to have Congress hold hearings as well.”
This strategy was possible because of Chairman Robertson’s connections.
Chairman Robertson had been lobbying the financial authorities and political circles for a long time, and if he stepped forward, he could definitely escalate the accounting manipulation scandal to the public sphere.
“As long as the evidence is solid, that level of lobbying is nothing. Just get me the evidence or a whistleblower. I’ll handle the rest of the lobbying myself.”
“I’ve already arranged to meet with a whistleblower.”
Chairman Robertson turned his head to hide his expression.
Looking at General Manager Kang Dong-ju kept making him smile.
“Go ahead and do well. Tiger Fund is your company now. I’ve transferred all the equity shares to you, and I’ll just watch from behind.”
“I’ll continue to show you entertainment you can’t see anywhere else!”
General Manager Kang Dong-ju answered while looking at Chairman Robertson’s face reflected in the window.
He still felt great gratitude toward Chairman Robertson, who had transferred all authority and equity shares to him.
***
Andersen Accounting Firm was one of the Big 5 Accounting Firms in the United States.
Therefore, most of the staff were Ivy League graduates, and there were quite a few employees who attended school around the same time as General Manager Kang Dong-ju.
“What brings you all the way to Houston, Senior?”
“I came to see you, Do-yoon. Isn’t your busy season over now?”
“When is there ever an off-season in corporate accounting? Especially lately, there’s so much consulting work that there’s no time to rest.”
Kim Do-yoon, who was three years junior to General Manager Kang Dong-ju.
Korean-Americans at Harvard formed strong bonds, and especially alumni working in the same financial industry often had relationships where they supported and helped each other.
“What’s the point of working so hard? I heard you failed the partner review again this time? How long are you going to stay as a senior manager?”
“Did you come here to tease me? I heard you got promoted to general manager this time? You’re probably the only Korean-American to rise to fund general manager. I’m really envious.”
“I was evaluated based on my abilities. Honestly, based on your skills alone, you should have made partner long ago.”
General Manager Kang Dong-ju started by scratching the itch first.
No matter how good their performance was, American society had a strong tendency for Asians, especially Koreans, to be promoted later than others simply because of their race.
“Accounting firms are a bit different from financial companies. In financial companies, if you make good money, you’re guaranteed to be treated well, but it’s not like that here.”
“So why did you go there? Was getting your CPA that precious to you?”
“I’m regretting it too. But what can I do? I’ve already built my career here for over 10 years.”
“Want to come over even now?”
Finally, Kang Dong-ju threw out the bait.
Kim Do-yoon, who had always suffered from hunger, swallowed the bait in one gulp.
“You mean come over to Tiger Fund?”
“Of course. Don’t I know your skills? If you start as VP, you’ll be able to get promoted to Director within a few years. And you could reach MD or Partner within 10 years.”
“Start from VP? My peers who got jobs at funds are at least Directors by now.”
Kim Do-yoon sighed.
Usually, after 5 years, you get promoted to VP.
But his career already spanned 15 years, so he should at least be Director or Partner to match his peers’ level.
“Even though I’m the general manager, how can I make you Partner right away when you have no financial company experience? Unless you have some very unique experience?”
“What kind of experience do you mean?”
“Are you willing to backstab Anderson? Then I can make you Partner right away.”
Kang Dong-ju whispered quietly.
Kim Do-yoon was shocked to receive a proposal to betray the company he had worked at for 15 years.
“You want me to betray the company? If I do that, I’ll never be able to set foot in this industry again.”
“You can just come over to Tiger Fund. If you’re still worried, I’ll send you to the Korea Branch. I’ll promise you a signing bonus of 1 million dollars and a settlement bonus of 1 million dollars.”
“What exactly do I have to do for you to give me a Partner contract plus 2 billion won?”
Kim Do-yoon spoke with an expression where worry and excitement coexisted.
To ease his concerns, Kang Dong-ju continued speaking in as calm a tone as possible.
“Just look into one accounting manipulation case for me.”
“You want me to steal accounting data from our company’s clients? If this goes wrong, I’ll go to prison! You know this violates accounting ethics!”
“You won’t be an accountant anymore. You’re coming over to the financial industry, so what’s the problem if your CPA license gets revoked? And whistleblowers can be legally protected. Tiger Fund will also take responsibility and protect you.”
Kim Do-yoon tried to leave.
He had seen whistleblowers several times before, but there had never been a case where things ended well.
No matter how much the law claimed to protect whistleblowers, they were often harassed in various ways.
“I’ll pretend I didn’t hear this.”
“It doesn’t matter if you don’t do it. But just know that if you keep sticking with Anderson, you might be treated as a criminal too. We’ve already secured materials related to accounting manipulation.”
“What exactly are you trying to do?”
“Before this year ends, the Big 5 accounting firms in the United States will be reduced to the Big 4. So there’s no need to worry about whistleblowing or anything like that from the beginning.”
Kim Do-yoon couldn’t bring himself to stand up.
He knew better than anyone what Andersen Accounting Firm had been doing during the 15 years he worked there.
“Other accounting firms are all similar. We just do what our clients want us to do.”
“Still, there’s a line that shouldn’t be crossed. Andersen has gone way past that line. Several people will be prosecuted, and dozens will have their licenses revoked.”
“Are you really certain about this?”
“Why would I lie to you? So grab the rope when I throw it down to you. Once the current gets stronger, even I won’t be able to do anything.”
Kim Do-yoon was confused.
He couldn’t tell if this was the devil’s voice or an angel’s voice.
In that case, all he had to do was think about which choice would be better, and his deliberation didn’t last long.
“Are you really promising me a partner position for 2 million dollars?”
“I’m saying this as Tiger Fund’s General Manager. Should I get Chairman Robertson’s signature for you too?”
“What exactly do I need to do and how?”
“Just work enough to be worth 2 million dollars. You’d have to do at least that much work for Tiger Fund to recognize you as a partner, wouldn’t you?”
“I want to send my family to Korea first – that’s possible, right?”
Kim Do-yoon had already made up his mind.
He decided to accept Kang Dong-ju’s proposal, if only for his family’s sake.
“Of course. I’ll get you the best apartment in Seoul. And your kid is 13 now, right? I’ll even arrange admission to an international school.”
“Sigh, this is really driving me crazy. If you weren’t my senior, I would just get up and leave right now.”
“You should speak properly. I’m making this offer because I’m your senior. You’ll understand as time passes. How important today was.”
“I’m really only doing this because I trust you, Senior. You have to take responsibility.”
“I’ll take responsibility for not just your life but your family too, so just steel your resolve.”
Kim Do-yoon’s expression was already resolute.
General Manager Kang Dong-ju had chosen Kim Do-yoon precisely because he knew his character – once he made a decision, he would push through with it.
***
While the General Manager was away in the United States.
I received a mission.
To carry out this mission, I gathered all the Nexpin colleagues in one place.
“I will report this investment’s returns on behalf of the General Manager.”
“Ohhh! You’re reporting not as a staff member but as Tiger Fund’s Deputy Branch Manager, right? Wow. Our youngest employee looks so cool!”
“Ahem, this investment was in Hanyang Dairy. Tiger Fund led the short selling of Hanyang Dairy, using 50% fund capital and 50% from our staff members’ account funds.”
Everyone’s eyes lit up at the mention of Hanyang Dairy.
It was understandable that they were surprised, as they were connected to the Hanyang Dairy incident that was still causing a stir in society.
“We did the short selling of Hanyang Dairy?”
“That’s correct. After deducting various fees and costs, the remaining profit is 60 billion won. And our share is 30 billion won.”
“So how much do we receive?”
“Each employee will receive 1.5 billion won.”
My share was 15 billion.
The employees’ share was 15 billion won.
Since 50% of the employee accounts were filled with my money, it was always a structure where I received 10 times more.
I was worried that the employees might find this structure unreasonable, but looking at their expressions, it seemed I didn’t need to worry about that.
“Wow! We’re receiving 1.5 billion won in just one month?”
“Tiger Fund is definitely different.”
“It’s not that Tiger Fund is different, it’s because Employee Lee did well for us. Thanks to Employee Lee, we’re getting fee exemptions and receiving the full amount.”
“Thank you, Employee Lee! Really, I’m living because of our Employee Lee.”
All the employees’ expressions became very bright.
If that was the case, now was the perfect time to reveal the new patent draft.
“Now that the report is finished, I’ll reveal the patent draft.”
“Why are you saying such ominous things on such a good day!”
“It’s not a large amount. There are only 5.”
“If there are 5 drafts, that means at least 10 related patents will come out! Ugh, let’s just rest today. Please.”
More than when 15 billion won would enter my bank account.
When my colleagues poured out reactions like this, I felt even greater exhilaration.
New Employee with 1 Trillion Won Annual Salary Chapter 83
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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