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God of Money (Web Novel) - Chapter 104: <Game king>
Chapter 104:
This chapter is updated by NovelFree.ml
They went for a drink as usual. Jung Jinsup drank heavily and groped the women around him shamelessly as expected.
“All the people at the company are idiots. I should have been harder on them! Don’t they know they are all replaceable?”
Woosung sipped on his whiskey and listened.
Jung Jinsup continued, “I reprimanded them only because their product was garbage. If Kwak Mingu wasn’t my father’s friend, I would have fired him a long time ago. Look what happened now. He betrayed us!”
“You should have never help anyone.”
“That’s right. Most people will betray you if they get a chance. You can never trust anyone. Always be careful.”
“I will.”
“And the amount of experience doesn’t necessarily correlate to your skills. He accused me of being a new grad! Well, he graduated from a mediocre college!”
Jung Jinsup was drunk and angry. He used unsavory profanities.
Woosung frowned and asked, “But don’t you sometimes need experiences for certain things?”
Jung Jinsup answered, “Sure, but you know what? If you are a genius, you don’t need any experience.”
Woosung stopped himself from laughing hilariously and replied, “I guess that’s true.”
Jung Jinsup pointed at himself. “I am that person. I am super smart. I graduated from Seoul University, the best in the country!”
While Woosung struggled not to laugh, the woman beside Jung Jinsup exclaimed, “Wow, oppa! You graduated from Seoul University? That’s amazing!”
“Hahaha, that’s right. I’m great!”
“Oh my! You’re awesome!”
Woosung took another sip of his whiskey and thought.
‘What a joke.’
Jung Jinsup continued his drunken boasting, “All my classmates became lawyers and judges.”
Woosung nodded sloppily just to keep him happy.
Jung Jinsup suddenly turned serious and asked Woosung, “I have a favor to ask of you.”
“Tell me.”
“I will be direct. I need money to buy back the company shares.”
Woosung has been waiting for this, but he pretended to feel uncomfortable with the idea.
“I can’t, not without a solid collateral. I trust you, of course, but this is a different matter.”
“Hey, I can give you a collateral! Who do you think I am? All I ask is to give me a low interest.”
Due to the financial crisis, the prime interest rate at most banks was over 5%. If you wanted to borrow 10 million dollars, the yearly interest payment alone would be 500,000 dollars.
Jung Jinsup didn’t want to pay this much interest. If Woosung could provide the money at 1% like the first time, he could save a lot of money.
Woosung replied, “If you have a collateral, then it’s possible.”
Woosung waited. He wanted to know what kind of secret assets Jung Jinsup had.
“MOX’s office building is actually under my name. For tax purposes, it is being run by a fake asset management company, but I own that company.”
“Oh…”
The building was worth about 60 million dollars.
Jung Jinsup asked, “With that building as a collateral, would you be able to lend me 50 million dollars at 1% interest rate?”
“Haha, of course. I felt bad about the current situation, so this isn’t a problem.”
“Hahaha, I love you! You’re the man!”
The women sitting around them gawked.
50 million dollars.
These men were clearly rich.
One of the women sat closer to Woosung. “Wow, you’re super rich!”
Jung Jinsup started to drink again and announced, “Call in the band! Let’s have a party tonight! It’s all on me!”
Woosung nodded and took another sip. All he could think about was what Jung Jinsup would look like when he realizes he made a huge mistake.
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The next day.
Woosung met with Alex in secret.
Alex asked, “So when you call me, I need to move the IP (intellectual property) of all the games from MOX including Legend and FPS to DNK?”
“Not just the game IPs but also all the key developers.”
“You want to destroy the company completely! I get it!”
“It’s just a business.”
“Wouldn’t the government authorities object or intervene?”
“We aren’t doing anything illegal, so they can’t do anything abut it. The only people I worry about are the minor shareholders, but it will work out in the end.”
“Haha, I will do whatever you ask of course.”
“Just make sure to prepare for it in secret. The stock price needs to continue to rise at this point.”
“Don’t worry, I will do a perfect job.”
“Don’t forget to spread the news to the media about this takeover. I want the stock price to go up faster. Use the DNK company card for all your expenses in Korea, including the personal ones. I don’t care how much it costs.”
“Thanks boss!”
“It’s all because you’re doing a great job. Keep up the good work!”
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Yoon Gihwan was responsible for operating the real time winning stock recommendation algorithm. He sat down in front of the computer and looked over the list.
“So today’s stock is MOX. It did hit the bottom recently.”
Only a while back, it was at $40, but now it was at $10 mark. Now, suddenly, it was starting to soar fast.
The only news it had was its takeover by a company named DNK. It wasn’t that the Legend sales went up, or the new game was released. Yet the stock price was still going up.
12.50.
13.00.
The day ended with it at $13.80. The system had predicted it to continue rising the next day. It recommended to hold the stocks.
After the market closed, Yoon Gihwan grinned.
50 million dollars in Korean market.
50 million dollars in US market.
The total initial investment of 100 million dollars was now at 150 million dollars. It was an amazing profit. Yoon Gihwan expected to get at least 100,000 dollars in incentive this year.
One hundred thousand dollars.
He couldn’t help but smile.
Yoon Gihwan turned to Jang Gwangchul and asked, “Hey, do you have any plans for tonight? Let’s go for a drink. It’s on me!”
Jang Gwangchul ignored him and walked into Woosung’s office.
Yoon Gihwan murmured, “That’s strange…He never says no to drinks.”
Woosung’s office.
Jang Gwangchul pointed at the newspaper and accused Woosung.
“This is you, isn’t it?”
“…pardon?”
“DNK taking over MOX, this is you! DNK sounded so familiar.”
Woosung denied it one more time, but Jang Gwangchul didn’t buy it.
“DNK and KND! So obvious! I also noticed that all the MOX stocks owned by KND were moved to DNK.”
Woosung remained silent. He wondered if he should tell him the truth. After a few minutes, Woosung decided he could trust Jang Gwangchul.
“You’re right. I am behind everything.”
“…huh. I can’t believe it.”
“Haha.”
“I knew you had an ulterior motive for going to America. Also…” After a pause, Jang Gwangchul continued. “Dubai Shock. That was it, wasn’t it? You saw it in your dream, and you created DNK and took over MOX.”
“That’s right. I meant to tell you, but I haven’t found the right time.”
“I….I….!”
Jang Gwangchul felt betrayed. He was hoping Woosung would give him these kinds of information so he could make money too.
“I get information from my dreams. What if they are wrong? I didn’t want you to lose money because of me.”
“I would never blame you. I trust you now.”
“…”
“So from now on, let me in on your predictions, or I can give you my money so you can invest it for me.”
“Why don’t you use the algorithm trading system general manager Yoon is operating? Its profit is at 50%.”
“…But your profit rate is usually over 100%!”
“Not always…”
“Don’t lie to me!”Jang Gwangchul was getting angry.
Woosung finally answered, “Oh, alright, but you can’t blame me if I get it wrong.”
“Fine, fine. Tell me now then.”
“I haven’t seen anything for 2010 yet. I will let you know when it happens.”
