Absolute Wizard

“Wait, you're not going to buy this building, are you? ”

Cho Min-woo smiled.

“Why? Why not? ”

“Ha, but I'm IMF now. What are you going to do if you buy a building this big? I think it's more right to increase your cash reserve. ”

He shakes his head.

“From a business point of view, of course. But it's a little different from the point of view of the company we're just growing up with, like Raincomb. ”

“What do you mean? ”

“Should I call it a show? We need to show that raincomb is this kind of company. Of course, it has nothing to do with revenues right now. But that alone is strong enough. ”

Somehow, it wasn't wrong.

Director Yang Duk-soon didn't even know it.

But even so, this was not true.

I couldn't even guarantee the size of the building purchase.

“But with a building like this, you're going to have to invest hundreds of billions. Even if we have enough cash in our company, it's a gamble. What would you do if you had a liquidity problem? ”

He was really decisive about this.

“Liquidity? That's not going to happen. You'll probably be kicking ass again with the next product coming out soon! ”

Overwhelming.

Absolutely confident.

The attitude of failure is completely unthinkable.

Though it was not the work of Chasen's magic, there was a certain amount of mental power mixed together.

It was not easy for ordinary people to meet.

It was the same for Chairman Yang Duk-soon. He shuts up in shock and stares at Jo Min-woo dazed.

‘What the hell is the boss thinking? ’

* * *

Kwang-wook was the head of the financial team for modern industrial development. He was, frankly, one of the first men to ever win a place in the company until the IMF arrived.

I even noticed one of the movers who thought it would be almost impossible.

But his fall came with the IMF.

I did not anticipate the IMF situation. Eventually, I had to solve the urgent funding problem inside the company as soon as the line was blocked.

The biggest problem was also the 608 billion won corporate bonds, which were due to expire later this year.

‘This is not the bigger problem. The debt to repay is 150 trillion as of March last year. We need about 300 billion in cash right now, given the issuance of about 100 billion corporate bonds. ’

Otherwise, it could have been a serious situation.

I mean, it could go bankrupt. Perhaps, when the money went bad, it was decided by his own words.

‘I'm gonna quit this fucking company. ’

I was frustrated to think of such a situation.

It's IMF season now, so I didn't pick anyone. There was nothing to say about being unemployed as soon as I got fired from the company.

Moreover, his wife recently became pregnant with a second child.

The situation was desperate.

I had to do something about it.

He eventually had to come and work until 23am to find an alternative. And soon there was one way to find out.

"Why don't we sell the Eye Tower? Since this is going to be completed next year, I think there will be a company to buy….. ’

It was not a problem at all.

The transaction price was the problem.

It was the time of the IMF, so it was obvious that the price would be called low if possible. Given that, it was not an easy problem.

‘Phew, this is really not easy. ’

He answered the phone just when he was in this state of concern.

< I am head of the Finance team. >

< I am Chairman Yang Duk-soon of Raincomb. >

< Raincomb? >

What are you talking about? Was there a company called Raincomb? ’

He was really confused by the sudden call. But he is still the head of the finance of a large corporation. The Pokémon does not necessarily coerce the target.

The user waits for the opposing Pokémon's business.

< Yes, I called because I have a suggestion. >

This doesn't make any sense.

Why would a company called Raincomb call itself and make an offer?

< I don't know what you mean. Honestly, I've never heard of a company called Raincomb……… >

But that was all he said.

It was because of the following proposal:

< This is about buying Eye Towers! >

* * *

Choi-seong, the Planning Director, recognized a grunt in his office.

It was because of the circumstances of his company. Companies that went bankrupt in the IMF's time, large corporations, also went bankrupt.

Some of them are even more financially viable than their own. It was a difficult situation to guarantee that the group would help if it went bankrupt.

It was a situation where the company could go bankrupt if it went wrong. Furthermore, he was the head of the planning department, so it was a real embarrassment when the company collapsed.

We had to stop that from happening.

Is there a good alternative? ’

Of course, the answer was not easy.

It was at this time that one person came in with the door to his office suddenly opened.

Bang.

“Shi, sir. ”

“What? You don't know how to knock? ”

“Oh, I'm sorry. It's too urgent. ”

“Tsk, tsk, tsk, tsk, tsk, tsk, tsk, tsk, tsk, tsk, tsk, tsk, tsk, tsk, tsk, tsk, tsk, tsk, tsk, tsk, tsk, tsk, tsk. No matter how hard this is, we can't rush it. We have to make sure we're clear, one by one! ”

What a stuffy sound.

In the end, Kwon Chan-wook, the head of the finance team, shouted loudly.

“We have a buyer for the Eye Tower! ”

“What? W-what do you mean? When did you announce the sale of the Eye Tower? ”

“No, it's not. I thought, well, maybe there's a way that I could sell the towers while I was thinking about the 300 billion corporate bonds that are due to mature into the year. But the buyer called first. ”

Jo Seong tilted his head.

“Personal?”

“No, I'm not.”

“And?”

“It's a company called Raincomb. ”

“? ”

* * *

Lee Jung-min has been so depressed lately. The IMF exploded while he was serving as president.

"How fucking good would it have been if it had been three years ago? Now I'm responsible for everything, right? I'm blaming myself for 243% of the fucking company debt. This is driving me crazy. ’

I was going crazy. I felt like I was purposely driving myself into the group as a scapegoat.

In order to survive, I had to reduce the debt in question by at least 200%. But this was not an easy problem.

It was not that there were no items that could be sold, but it was too bad to give in this time. Especially the Eye Tower was a state-of-the-art building that could guarantee more than a trillion in value after this period of time.

Of course, this was not the only one.

Other company assets were the same.

What upset him was the fact that if he gave up his money to sell these assets, there would be very few people to buy them. It was especially so now that everyone was preparing for an incident by increasing their cash reserves.

Banks were worse than corporations.

Corporate loans were at a standstill.

‘That's frustrating.’

He received a visit from both of them at the time of his return from work.

The two of them came in and explained that it was Kwang-wook, the head of the finance team.

“...... one situation. Raincomb's attitude is to meet and negotiate the contract payment. Basically, half of the sale amount will be paid in one lump sum at the same time as concluding the sale agreement, and the remaining balance will be split and paid into the year. ”

It was an unbelievable story. If you knew the value of the Eye Tower building, this was not an offer to be careless at this time of the IMF.

“Are you sure? ”

“Yes, it's true. I've checked a few more times. And this is a report that I did on raincomb in a hurry. Maybe if you look at it, it'll help. ”

The two of them read through the Raincomb report that had been placed on them.

At first, it was just like that.

However, the situation was different when I handed over the report. details of the patent fees received from Sony, the AV investment, and the net profit that has so far been made.

“Oh, that's great. ”

“Yes, I only knew later after I did my research. Small businesses, no, it's hard to say. whether one medium-sized company is growing this much. ”

“Oh, I can't believe it. ”

Lee Jung-min muttered and began to read the contents of Raincomb's financial statements carefully.

However, the more I learned about the situation inside Raincomb, the more I was amazed. It was at this time of the IMF that he realized why the company was winning again and again.

‘Cause it's an export-focused company. Production is also in China, so it looks like it's hardly affected by the IMF. Furthermore, the technical advantages of the product are so high that even Sony is ahead, perhaps. ’

“Okay, let's say yes. What are the advantages of selling Eye Towers? ”

Head of Jo Seong Planning immediately left.

“Now, roughly 200 percent of debt can be dropped. And the interest rate would be roughly 6.35. In 2002, when the financial cost savings actually took place, the net financial ratio was only 3.3 billion won, down roughly 25 billion won. Given the increase in the number of customs awards, the funding will be back to normal in a few years. ”

It was what he wanted.

“Okay, I want you to put up a full report immediately. I'll report to the chairman separately. ”

“I understand.”

* * *

Lee Jung-min explained to Chairman Lee as an oral prize before the report came up.

“....... one situation. Perhaps we should consider selling the Eye Tower. ”

“Hmm, that's a good way to raise company funds. ”

“Yes.”

President Choi had difficulty tackling the report. He was also aware that Lee Jung-min would have to take responsibility if things went wrong because of a difficult situation.

‘Then I'll give you this opportunity. ’

“Then proceed. However, if more problems arise here, Lee Jung-min will be responsible for everything. ”

“Oh, I see. ”

* * *

Lee Jung-min barely asked for permission, but his mind was still uncomfortable. The situation is that he clearly felt that if he went wrong he would become a scapegoat. At least I was lucky to hit him first.

However, he was surprised after meeting the Raincomb representative.

“You mean that's President Jo Min-woo? ”

Cho Min-woo smiled as he was surprised by his age.

“I'm a little old for this. We ask for many more maps in the future. ”

“....... ”

But he couldn't answer. I was greatly shocked when I saw the face of Cho Min-woo trying to buy an Eye Tower.

Early twenties, by the way.

I couldn't imagine how I had grown a company like Raincomb at that age.

It was the other two who were together and there was nothing else.

I can't believe it! ’

Cho Min-woo didn't even look like this. Rather than dragging the contract, he immediately walked over what they needed.

“I won't be here long. They're experienced athletes for this sort of thing anyway. ”

Just one word.

But the three of them were just staring at him like this.

He decides that he has already caught the boat and pushes it in.

“Maybe it's the bonds that are coming to an end this year? And that's what I'm going to consider. I'll give you 300 billion in one lump sum. And I'll give you the remaining 200 billion in installments by the end of the year. ”

“Yes? So, what, you're going to offer me $50 billion for the sale of the tower? ”

Soon, he nods. And then I mixed up a little bit of lies.

“Of course. But you'll have to think about it. The IMF, as I know it, is expected to last about five years. Perhaps if we don't settle our urgent debts now, we will face the worst. ”

“Hnng, are you threatening me? ”

Cho Min-woo shrugs.

“I'm not talking about threats, I'm talking about facts. ”

“No, but why would you want to buy an Eye Tower at a time like this? Rather, it doesn't fit back and forth. ”

“It's simple. We are a small company, so we have too little awareness. If you buy Eye Towers at a time like this, of course, you're going to have a media blackout, and you're going to be known to a lot of people about the company. ”

“Oh, you're only spending 50 billion on that? ”

He cuts it in one sentence and dismembers it.

“Instead, Raincomb can instill the perception that small businesses are now big businesses. That would never be a lost business. ”

“....... ”

When the three of them got here, they couldn't open their mouths anymore. When I think about it, it wasn't just a bad idea. It was so different from big companies like yourself.

This was not important. It was that Hyundai Industrial Development could go bankrupt if you don't sell Eye Towers.

Of course, the sale price was not decided at once. Again, I had to go through some internal labor in modern industrial development.

But now there was no other way.

It would have been different if it had been a little more time.

“I'll sign the contract. ”

“Excellent choice. ”

‘Huh-huh-huh, maybe in a few more months, the original buyer would show up. But if you didn't know that, you wouldn't have a choice now! ’

* * *

It felt good to join a company called Raincomb at the same time as the IMF. However, Cho Min-woo's instructions turned his mind upside down.

"If there's a way to make $10 million, do I really need to go into the company? ’

This was his judgment.

Actually, it wasn't his idea. Due to Cho Min-woo's uncanny instructions, the newcomers were greatly frustrated.

Do I need to find another company? How do you work for a psycho president like this? ’

It was at a time when he was troubled that he saw the article about Raincomb.

What is this? Raincomb bought the tower for 50 billion won? ’

At first, it was just like that. Soon, however, when I saw the description of the tower, I opened my mouth.

Fifth and 51st floor? And this building will be the headquarters of Raincomb? ’

It was the walk of Raincomb, which was unbelievable.

It's IMF time now.

When I woke up, the company that went into bankruptcy was the bankruptcy. To be honest, there were 50 billion won in cash at this time of year.

No, a big corporation would understand. It was not the only amount of cash that could be made available to a shell corporation called Raincomb.

Let's skip this, too.

And what you did with all that money was you bought a 51-story building?

‘Hnng, this is really crazy. ’

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