New Employees With an Annual Salary of 1 Trillion Won - Chapter 91
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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 91. The Architect (1)
Fund employees were mobilized to create a new game monetization structure.
We held daily discussions on how to create a monetization structure that would fit the Korean market situation.
I immersed myself in working with Neo Marvel to convert package games into online games.
“Deputy Branch Manager, we’ve completed a rough draft of the monetization structure design.”
“What kind of system is it?”
“For player card draws, we’ve set it at 1,000 won per pack.”
“That could give the impression that it’s only 1,000 won.”
“And for the player enhancement system, +1 enhancement requires 2 cards, and +2 enhancement requires 2 +1 enhanced cards.”
Having experts involved certainly made a difference.
They conducted financial research on what price points to set to stimulate consumer psychology.
The fund employees conceived and created various monetization elements including the enhancement system.
“Good work. Since there’s still time before launch, please focus on Daehyun Delivery again.”
“We’ll analyze all materials before negotiations with Daehyun Group.”
Negotiations with Daehyun Group were only a few days away.
Perhaps because I had already negotiated with Chairman Wang before, the negotiation schedule with Daehyun Group was set up quickly.
“The side that’s in need isn’t us but Daehyun Group, so you don’t need to be too anxious. It’s more like checking Daehyun Group’s situation more accurately.”
“I’ll perfectly assess Daehyun Group’s circumstances and report back.”
We were analyzing Daehyun Group, especially the affiliate companies owned by the second son, with microscopic precision.
Not only Accountant Kim Do-yoon, but even the US headquarters stepped in to provide us with related materials.
We might have been examining information that even Daehyun Group itself hadn’t grasped yet.
***
I visited Daehyun Group headquarters.
Accountant Kim Do-yoon accompanied me, and we received a grand welcome as we were guided to the VIP room.
There, Chairman Jang Dong-hyeon, the second son of Chairman Wang who had won the Daehyun Group succession battle, was waiting for us.
“It’s an honor to meet you like this. I’m Lee Jung-hoo, Deputy Branch Manager of Tiger Fund Korea Branch.”
“Haha, I’ve heard a lot about you from my father. He said that while the Tiger Fund Deputy Branch Manager is young, he’s very capable.”
“Thank you for viewing me favorably. And thank you for the unexpected warm reception.”
“Of course we should welcome someone from Tiger Fund.”
To Daehyun Group, Tiger Fund was nothing short of a benefactor.
It was a crazy fund that had invested a whopping 2 trillion won in Daehyun Electronics.
Since everyone knew about Daehyun Group’s financial difficulties, no financial company would open their coffers.
“I’m really glad that Daehyun Electronics escaped from its financial difficulties.”
“I heard that the Deputy Branch Manager strongly insisted on investing 2 trillion won. Thank you.”
I received thanks after being nudged in the ribs.
This way I could hold the initiative in negotiations.
We exchanged words of gratitude and sat down to begin negotiations in earnest.
“Daehyun Electronics has overcome its financial difficulties, but I heard that Daehyun Group’s cash liquidity is still not good.”
“They say bad things come all at once, and it’s really true. Outgoing money keeps increasing while incoming money has been blocked.”
-It was about the Middle East construction payment issue.
According to Accountant Kim Do-yoon’s confirmation, it was over 900 million dollars, and when various costs were added, Daehyeon Construction had suffered losses of up to 1 billion dollars in the Middle East alone.
“You must have suffered a lot due to the Gulf War.”
“But since the war is over, won’t things gradually improve?”
“However, the immediate cash liquidity shortage problem needs to be resolved, doesn’t it?”
“Hmm, it seems you have something you want. Please speak comfortably.”
There was no need to waste time.
I stated the main point concisely.
“We hope to acquire Daehyun Delivery.”
“Hmm, I didn’t know Tiger Fund viewed Daehyun Delivery favorably. Don’t you mainly invest in IT? That’s why I thought you invested in Daehyun Electronics’ Semiconductor Business Division until now.”
What sectors would a fund care about?
It just seemed that way because the IT industry was the hottest.
“I don’t know if you heard from Chairman Wang, but we made a promise with the Blue House.”
“I did hear that Tiger Fund would increase its Korean investments.”
“So we want to invest in and acquire various Korean companies. That way foreign currency will circulate in Korea, won’t it?”
I used the Blue House as justification.
It wasn’t a lie, and the Blue House actually wanted this kind of movement too.
“But that’s unfortunate. We have absolutely no intention of selling Daehyun Delivery. Although it’s not large in scale yet, it’s profitable and growing significantly every year.”
“Is that so? I made this proposal thinking of Daehyun Group, but if you have no intention to sell, I have no intention to force an acquisition.”
I had no intention of clinging to it.
It would only drive up Daehyun Delivery’s price for nothing.
Chairman Jang Dong-hyeon showed puzzlement at my appearance.
“Do you perhaps have other business besides Daehyun Delivery?”
“Hmm, I’m not sure if I should say this myself, but Daehyun Group’s situation is very poor. Particularly, Daehyeon Construction is in such a crisis that it could face bankruptcy within this year.”
“…What do you suddenly mean by that? Those are quite unpleasant words to hear.”
I scratched Chairman Jang Dong-hyeon’s pride first.
I needed to inform him of Daehyun Group’s current situation for proper negotiations to proceed.
Daehyun Group, which had lost various affiliate companies including Daehyun Motors, was no longer Korea’s number one business group.
“The Fund has determined that Daehyun Group’s current capabilities alone cannot solve the cash liquidity problem.”
“How truly rude. Why did you make such a judgment?”
“Starting with Daehyun Motors to heavy industries. The profitable affiliate companies have left Daehyun Group. The affiliate companies remaining in Daehyun Group like electronics, construction, and engineering are places that are only large in size but don’t generate money.”
Chairman Jang Dong-hyeon’s face gradually turned red.
How furious must a chaebol heir feel hearing such words from someone barely the age of a new employee?
Still, perhaps because I held the title of Tiger Fund Deputy Branch Manager, Chairman Jang Dong-hyeon didn’t express his emotions outwardly.
“What exactly is the problem?”
“You don’t seem to properly recognize the problem itself.”
“What problem are you talking about?”
“The problem starts with you thinking about recovering the 900 million dollars in outstanding receivables from Daehyeon Construction’s Middle East construction projects.”
This was the reason Daehyun Group could afford to be relaxed.
Daehyun Group thought they could solve all problems if they just recovered the 900 million dollars.
“Tiger Fund would know well what kind of organization PwC is. We are currently proceeding with receivables recovery after signing a contract with PwC.”
“I understand the contract hasn’t been finalized yet. And I’ve also heard that PwC has already decided to reject this contract.”
PwC is one of the Big 5 Accounting Firms in the United States.
PwC was competing for first and second place with Anderson, and since Accountant Kim Do-yoon was once affiliated with Anderson, he had quite a few connections remaining there.
“PwC made the proposal first! So why are they rejecting it now!”
“The economic sanctions are expected to last longer than anticipated. And the US Government is also reacting sensitively.”
“You shouldn’t be making up stories that don’t exist.”
“Why would I tell lies that could be exposed with one phone call?”
It wasn’t a lie.
It was information confirmed not only through Accountant Kim Do-yoon but also by mobilizing Tiger Fund Headquarters.
Daehyeon Construction’s receivables could potentially remain as money that would never be recovered, and for Daehyun Group, which needed cash immediately, this was the worst news.
“So you’re saying you made the acquisition proposal for Daehyun Delivery for the sake of Daehyun Group?”
“To be precise, it’s for Daehyeon Construction. I understand there are promissory notes worth about 20 billion won that need to be blocked within this year. And to secure minimum reserve funds, you’d need about 40 billion won. Among the affiliate companies, only Daehyun Delivery had that scale.”
I had checked accounting information countless times to figure out this much.
Looking at Daehyeon Construction’s current financial situation, they were short about 20 billion won in cash.
To secure funds, there was no other way than selling off profitable business divisions.
“But you’ve valued Daehyun Delivery too low. It’s a company that could fetch at least 60 billion won anywhere you put it up for sale.”
“Whether Daehyun Delivery’s value is 40 billion or 60 billion doesn’t really matter much.”
“What do you mean by that?”
“We’re prepared to inject money in the trillions for Daehyun Group.”
The suddenly mentioned amount in the trillions.
Chairman Jang Dong-hyeon looked quite curious about what intention I had in saying such things.
“Do you mean you’ll undertake another large-scale investment in Daehyun Group?”
“Chairman Wang said something to me. He asked me to help ensure that the name of Daehyun Group doesn’t disappear. How could I just sit still after hearing such words?”
“Father said that to the Deputy Branch Manager?”
I had even used Chairman Wang as justification.
I felt a little sorry, but since this proposal would definitely not be a loss for Daehyun Group either, I didn’t feel guilty about it.
“Tiger Fund will solve Daehyeon Construction’s fundamental problem.”
“By fundamental problem, do you mean the Middle East receivables issue?”
“That’s right. If you want, Tiger Fund will purchase the Middle East Region receivables bonds.”
Chairman Jang Dong-hyeon’s expression changed.
Rather than pleased, his face was full of suspicion.
“I don’t understand why Tiger Fund would be interested in receivables.”
“If you don’t need help, you don’t have to accept it.”
“Could I just hear the conditions?”
“We’ll purchase the 900 million dollar bonds and all rights at a 33% discounted price of 600 million dollars.”
“That’s too cheap an amount. We were discussing selling to PwC at a 10% discounted price on the condition of forgoing interest.”
Chairman Jang Dong-hyeon still wasn’t properly recognizing the situation.
Since no answer would come out in this state, I stood up from my seat first.
“First, try to grasp the situation. PwC won’t purchase the Middle East Receivables Bond now even if you discount it by 50%, not just 30%.”
“I’ll think it over and contact you again.”
“There isn’t much time left before Daehyeon Construction’s cash liquidity problem explodes. You need to move quickly.”
“I’ll contact you soon.”
Chairman Jang Dong-hyeon bowing with his back straight and upright.
But in just a few days, the situation would be completely different.
Because he would learn that the Middle East Receivables Bond had become worthless paper.
***
Daehyun family’s Hannam-dong residence.
Chairman Wang sat on the sofa with a tired face, listening to his Second Son’s story.
“The contract with PwC fell through.”
“The situation must be very bad, just as Tiger Fund said.”
“Just in case, I raised the discount rate up to 50%, but they wouldn’t budge. The US Government is also imposing strict economic sanctions on Iraq.”
Chairman Jeong Dong-hyeon had mobilized all of Daehyun Group’s connections to verify the information.
But the more he confirmed the information, the more he realized that Daehyun Group’s situation was not good.
“So what are you thinking of doing?”
“If we can’t collect the receivables, Daehyeon Construction will face a bankruptcy crisis. But joining hands with Tiger Fund also feels too unsettling.”
“Being so squeamish won’t get things done. Even if it’s a bit unsettling, to survive you need to know how to put your hands not just in muddy water, but in even worse places.”
“Are you saying we should join hands with Tiger Fund?”
Chairman Wang nodded his head.
He thought that Tiger Fund was the only place that could help Daehyun Group right now.
“Tiger Fund is the only place that can invest trillions of won in Daehyun Group. So we need to accept whatever reasonable conditions Tiger Fund wants and bring in that money.”
“…Even if it means giving up Daehyun Delivery?”
“Tsk tsk, how long do you think Tiger Fund will hold onto Daehyun Delivery? Funds are ultimately places that raise prices and resell to make profits, aren’t they? So we can just buy it back later.”
These were Large Corporations that had realized the importance of survival through the IMF.
With even the second-largest conglomerate going bankrupt, they had to struggle desperately to survive somehow.
“Understood. I’ll go tomorrow and finalize the negotiation.”
“No. I’ll meet with them directly myself.”
Chairman Wang stepped forward once again for Daehyun Group.
The Tiger Fund people were figures too formidable for his Son to handle.
Chairman Wang thought that only by stepping forward himself could he secure a slightly more favorable contract.
Annual Salary 1 Trillion New Employee Chapter 91
E-book Publication Date | 2025.11.27
Author | Seo Oh
Publishers | Heo Heung-beom, Park Geon-won
Publisher | 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, 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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