121. just can’t go back
After the conversation with the Director of Information and Communications Policy, Ho-Young and Joo-Jung Kim met with the Director of Communications several more times to coordinate the details.
The Japanese side did not make such unreasonable demands right away, so the negotiations proceeded smoothly and were able to enter the final stage.
“Are you really going first?”
“Then let’s go. I believe that the senior will finish well.”
“…I get it. I’ll finish well and move on.”
Hoyoung smiled happily.
He sincerely believed in Kim Joo-jung.
“The representative of Hermes is my older brother.”
“right. So since I’m the representative, as I said the other day, I’ll take a week off when I go to Japan.”
“I know. Finish your work here and come back.”
Kim Joo-jeong, who was grumbling at Ho-young, giggled and patted Ho-young on the shoulder before opening her mouth.
“okay. cross carefully Can I not go to the airport?”
“I’m going out with Chief Miru anyway. And there are places to stop on the way.”
“i get it. Go carefully.”
After greeting Kim Joo-jung, Ho-yeong left the hotel and got into Mi-ru’s car.
“Chief. Could you go to JP Morgan Japan?”
“yes. Is this the address you gave me yesterday?”
“Right.”
“I will leave immediately.”
The car carrying Hoyoung started to move.
“Director. There are less than 7 hours left until the flight departure time. Please keep this in mind and proceed with the meeting.”
“It won’t take that long. Do you know how long it takes from JP Morgan to the airport?”
“It will take about 40 minutes.”
“That’s enough. Because everything has been discussed beforehand.”
“All right.”
After a while.
Hoyoung arrived in front of a huge building.
He parked his car in the parking lot and entered the building with Miru.
The JPMorgan Japan that Hoyoung was going to was on the 15th floor, so they took the elevator up.
The door on the 15th floor opened, and Hoyoung informed the information desk clerk right in front of the elevator that he had arrived.
The employee checked Hoyeong’s name for a moment and then took him inside.
“This way.”
“thank you.”
Hoyeong followed the staff inside.
The employee knocked on the door with the name plate ‘Noah Brown’ on it, went in, and came out after a while.
“You can go in. Have a good talk.”
The employee lowered his head slightly and went back, and Hoyeong pushed the door open and entered the room.
“Five. Are you Hoyoung? This is Noah Brown.”
“Nice to meet you. I am Yun Ho-young.”
Hoyoung naturally reached out his hand, and Noah took his hand and shook it.
“I’ve heard a lot about you from Eric.”
“haha. I’m afraid of what he said. Didn’t you complain that I was giving you too much work?”
“It is rather the opposite. I was complaining about not having anything to do these days. You have to do more.”
Noah said with a wry smile.
Hoyoung is meeting today Noah Brown was an investment expert.
When I asked Eric if there were any reliable investment experts in Japan, Eric gave the answer without thinking too much.
‘I know a friend who joined the Japanese branch of JP Morgan around the same time as me. I don’t know anything else, but I can trust one skill.’
Hoyoung put his skills first on this job, so he came to the person Eric recommended.
“I have heard the rough story. You just want to buy and sell companies or stocks, not to manage your money, right?”
“That’s right. I will choose the stock or company.”
“In normal cases, 1.3% of the trading volume is taken off, but since Eric’s introduction, I will only receive 1.1%.”
“1.1% is too big.”
“yes?”
Noah made a puzzled expression.
“I don’t know how much money you’ll manage, but 1.1% is the lowest in the industry. I think Eric would have requested that much.”
“Are you trying to get $10 million in fees when the amount I’m trying to move exceeds $1 billion?”
“10… A billion dollars?”
Instead of answering, Hoyeong stared at Noah and nodded.
“Oh My God. A billion dollars. We, JP Morgan Japan, are currently managing less than 2 billion dollars.”
“It’s not about JP Morgan’s financial situation that I want to hear.”
“Are all the amounts you are talking about personal funds?”
“That’s right.”
Noah put his forehead on his forehead for a moment, lost in thought.
Hoyoung waited for him with a relaxed expression.
“Keuk… It’s not money to burn, right?”
It was the money to ask whether it was money earned by doing something illegal or slush funds secretly siphoned off.
“sure. Clean. And even if it’s a personal asset, it will be deposited through a corporate account. Plus, you get a guarantee from Bank of America.”
Hoyeong answered as soon as Noah asked as if he had prepared it.
Noah thought for a moment and then opened his mouth.
“I don’t want to negotiate 0.4%. If it’s that much money, it’s a burdensome money from the point of view of rolling. Please consider that as well.”
“good. 0.4%”
When Hoyoung answered coolly at once, Noah cleared his chest inwardly.
He sounded sick, but he didn’t want to miss out on the big deal: $1 billion.
“good. Bring the contract.”
Noah, who went to get the contract, didn’t show up for a while.
It was probably in the process of changing investment terms and fees.
After a while.
Noah came with the contract.
“ruler. You should read this part, and this part, carefully.”
Noah kindly pointed out the most important part to Hoyoung and said.
Hoyoung signed the contract after briefly checking only the numbers and key parts of the contract Noah brought.
“I don’t have much time, so I won’t go into detail. I think you put it to good use.”
“Do not worry. I didn’t add a toxin clause or anything.”
“yes. If you give me a copy of the contract, I will review it later.”
Noah thought Hoyeong was a very big-hearted person.
“Okay then, you must have officially signed the contract. What is my job?”
“It’s simple.”
When Hoyoung gestured, Miru took out a document from her bag and handed it to Hoyoung.
Hoyoung handed the documents he received back to Noah and said,
“Please check this list first.”
“Hitachi, Toshiba, Panasonic, Orion… Aren’t these all Japanese electronics companies?”
In the documents Hoyeong received, there was a list of Japanese electronics companies that seemed to have dozens of them.
“That’s right. Toshiba, IBM JAPAN to market as funds allow. Please buy stock in both companies.”
“How many sheep should I buy?”
“As many as possible.”
Noah blinked for a moment, then nodded.
“All right. I will try hard.”
“It’s a matter of course, but I want stock price fluctuations to be as stable as possible while collecting stocks.”
“When a stock comes out at a good price, it is natural for the price to rise as the volume of trading increases.”
“You don’t have to buy all the stocks at once. It is important that the market does not fluctuate. Please judge well when the timing is and how to collect stocks to be effective. That’s why I’m asking you to pay an expensive fee.”
It was a long talk, but the conclusion was to pay for the money.
Noah opened his mouth again after letting out a quiet voice.
“All right. We will try our best.”
“yes. Additional funds may be added depending on circumstances. Please keep that in mind and proceed.”
Noah shook his head slightly as if he was tired of watching Hoyoung speak with a determined expression.
“May I ask why you are buying stocks now?”
“Isn’t that obvious? Because the current stock price is cheap, and it looks like it will continue to go down in the future.”
Noah nodded.
Currently, stock prices in Japan as a whole have been noticeably declining.
This was the beginning of the so-called ‘bubble burst’.
“I also felt that the Japanese economy was not unusual across the country these days. Mr. Yoon. How long do you think this recession will last?”
“That’s right.”
Seeing Hoyoung’s face, Noah admired inwardly.
There is a lot of talk about this in the stock market.
Invest in recession, dispose of in boom.
At first glance, it may seem like an oxymoron to invest when the economy is bad, but in reality it is the opposite.
Stock prices naturally go down when the stock market is in a recession and go up when it is booming.
Buy when the price is low and sell when the price is high.
It’s really true, but it’s not easy.
Because no one wants to buy stocks when all the news and mass media promote anxiety that the economy is risky.
In addition, the larger the investment amount, the greater the anxiety about the market situation.
“Investing a billion dollars in a recession is one of two things. Someone who thinks it doesn’t matter if you throw away a billion dollars because you have so much money, or someone who has great determination and judgment.’
Noah thought to himself and looked closely at Hoyoung’s face.
Bright eyes and closed mouth.
Noah thought Hoyoung would be the latter.
“All right. We will never let you down. In return, may I ask you a favor?”
“Listen and judge.”
“Mr. Yoon. May I mix some of my personal money into this future investment?”
“Personal funds?”
“yes. Even if you do that, it’s less than a million dollars. I will control it so that there is absolutely no harm in investing.”
“good. Instead, you must become my friendly share unconditionally, no matter how much it will be.”
“haha. It makes sense.”
Noah laughed happily.
He met Ho-yeong for the first time today, but he had an intuition that he would benefit greatly by following him.
“Then, now that we have finished talking, let’s get up.”
“Would you like to join us for lunch? I will treat you.”
Hoyoung checked the time and answered after looking at Miru’s face.
“I’m sorry, but I think we’ll have to eat that meal later. I have to go back to Korea today, but the flight departure time is getting closer.”
“okay. Too bad. I hope to be with you next time.”
“I wish that too.”
Hoyoung exchanged a few more small words with Noah, said goodbye, and left the building.
In fact, as Japan’s bubble collapse approached, Hoyoung was agonizing over how to use this collapse.
The first thought that came to mind was the put option.
When the collapse is in full swing, stock prices drop from as little as 1/10 to as much as 1/100.
It is obvious that you can make a lot of money in a short period of time if you place a huge put option on those stocks.
However, after thinking a little deeper, Ho-young was able to put an end to the idea of a put option.
‘Insurers or financial companies that sell put options will not be able to pay on time.’
Japan’s bubble collapse did not simply stop at the line where stock prices fell.
It has a tremendous impact on politics, economy, society, and culture in general. Since all investment companies and banks in Japan had most of their assets in stocks rather than cash, it is almost as if most of their funds have been lost.
Hoyoung thought that he would rather take advantage of the drop in stock prices to prey on Japanese companies than to do put options that he would not be able to collect properly anyway.
All the companies that Hoyeong gave to Noah were blue-chip companies that are now recovering from a sharp drop in stock prices.
“The director has arrived at the airport.”
“thanks.”
Before entering Haneda Airport, Hoyoung turned around and looked at Tokyo in the distance.
In a few years, these promising Japanese companies will be in his possession.
