＜ Changed Future 04 ＞
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“Sir, what can I do? I continue to teach students and do research, and I don’t think there is anything different.”
“Ah, is that so?”
It is President Kang Kyung-moon who has a bright color.
“Professor Choi, just in case… Ah, no. Professor Choi! So, did you hear about the increase in venture lab space?”
“yes! Even if it is not, we are still talking with the facility team regarding the laboratory construction.”
At that moment, President Kang Kyung-moon leans back slightly and leans on the back of the sofa.
Unlike a little while ago, it seems to be a little more relaxed.
“Professor Choi, then, at the faculty meeting last Friday, I told the faculty members to prioritize Professor Choi’s work unconditionally, do you know that?”
At that moment, Hyeonjun’s eyes changed slightly.
Are you trying to be condescending now?
Hyeon-jun laughed on the inside, but on the outside he responded calmly.
“yes. I heard a tip from the dean. Thank you so much! President!”
“haha! Ha ha ha, you know it well. Well, it’s obvious, but I saw it as a must-have for the development of our school. Oh, that’s why, Professor Choi!”
Then, suddenly, President Kang Kyung-moon’s eyes slightly change.
What the hell are you trying to say, your expression will change a little like that?
“The company there. I heard that the funding itself is already substantial, do you have any plans to receive additional funding?”
company?
If it’s that company, I think you’re referring to [Farm Blockbuster Inc].
But what about additional funding?
For a moment, Hyeon-joon pursed his brow slightly, but soon kept his expression straight.
“If it is additional funding, the president himself?”
“No, not me, Professor Choi must have seen it once in December of last year, Taeseong Kang, president of Taesung Logistics.”
President Kang Tae-seong?
Ah, I remember a little bit.
Kang Tae-seong, president of Taesung Logistics, whom I met here in the president’s office last December.
A man in his mid-40s with sharp eyes and a handsome image.
He is a man who resembles President Kang Kyung-moon a lot.
“As you may have heard at the time, Taesung Logistics mainly conducts local trade in Southeast Asia, and recently set up a venture company called TS (Tae Sung) Pharm Tech and is doing various things in the development of new drugs. Do you remember?”
“···Ah yes. President.”
I vaguely remember Hyunjoon.
It’s true that I didn’t pay much attention to it at the time, so my memory is a bit fuzzy.
However, thinking about it, didn’t President Kang Kyung-moon and President Kang Tae-seong say that they had invested a significant amount in Professor Bae Sang-ki’s [New Drug NS Science]? It was in the early days of the establishment of [New Drug NS Science].
ah!
At that moment, Hyeon-joon realized what he meant.
He wants to preemptively invest in his [Farm Blockbuster Inc]. regardless of school.
It’s just President Kang Kyung-moon’s personal words.
At this time, Hyeonjun quickly became troubled.
So, I want to invest in my company.
In fact, if he was thinking of leaving this university, it was an offer that could have been cut off with a single knife.
However, Hyeon-joon has not yet decided on anything.
Because, Hyun-joon has quite adapted to this university.
It was true that I was still reluctant to suddenly make a big change because I was familiar with giving lectures in college classrooms and guiding graduate students’ experiments.
So, I took the sudden proposal of the university president, who is in charge of personnel affairs, more seriously.
“Then President, President Kang Tae-sung wants to fund our company, is that what you mean?”
“yes. Do you have any spare time? A 10% stake would be great, I think?”
but what?
10% stake?
Is the size you want too big?
So Hyeon-jun immediately pursed his brow and fell into his thoughts again.
In other words, in addition to simply thinking about whether or not to allow equity investment, Hyeon-jun came to think about other things at this time.
In particular, Dean Kim Ryun-gi of the College of Pharmacy, who directly participated in the same-day faculty meeting last Friday. According to him, at the meeting that day, President Kang Kyung-moon was very favorable to Hyeon-jun’s work.
As issues of violation of professor dignity and violation of integrity were brought up, the issue almost escalated with the convening of the Faculty Personnel Committee.
It is said that President Kang Kyung-moon, including the Dean of Academic Affairs, cut off that remark with a single knife, changing the atmosphere of the meeting in an instant.
In other words, President Kang Kyung-moon and others showed great favor to him.
Looking at it, shouldn’t this also be called the networking effect?
It was Hyeon-jun’s efforts that expanded his personal network throughout.
And that was also applied to President Kang Kyung-moon, and he was able to prevent the calling of the Faculty Personnel Committee early on without even knowing it.
“Hmm, President.”
Hyeon-joon first got lucky and looked at President Kang Kyung-moon.
The current president has very high expectations.
his face like that.
However, if a frown appeared on such a face, it seemed that there could be some kind of problem.
So Hyun-jun decided to take a more clever approach at this time.
In particular, the president who treats himself very carefully, even writing honorable words to himself today.
So Hyeon-joon reversed a more realistic proposal.
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“President! Currently, it is in the series A stage from [JBS Financial], an angel fund, but it has been confirmed to attract 10 billion won investment. And yesterday, that 10 billion won was finally deposited into the corporate account, and besides that, several friends who are close to me have also promised personal investments. However, the important part is that [JBS Financial] took a 20% stake in our company while executing an investment of 10 billion won.”
In other words, it meant that the total value of the unlisted stocks of [Farm Blockbuster Inc], which had nothing special yet, reached a whopping 50 billion won.
A company with nothing is already inflated that way.
However, President Kang Kyung-moon’s eyes widened at Hyeon-jun’s additional explanation.
“Not only that. An investment company called [C&K Investment] has contacted us to invest 10 billion won, and we are currently in the process of coordinating it. However, the problem is that the amount of investment attracted is so large that a small company cannot afford it.”
So, since the current investment money is overflowing, it is no longer possible to accept investment, that is the situation.
“Ha, is that so?”
It is President Kang Kyung-moon who exclaims of regret.
“Ah, but the president! Even so, if the president really wants it… I can try my best. I’ll try to make a seat somehow at about 3% of the stake. And as you know very well, the president, I can’t handle everything on my own now. In addition to [JBS Financial], one of the major shareholders, we also have to discuss with [C&K Investments], which will soon become a member of the major shareholder.”
As such, when I tried to explain it logically, President Kang Kyung-moon finally licked his lips as if he couldn’t do it.
I jumped in thinking it was an initial investment, but I was somewhat surprised to realize that a significant amount of investment had already been attracted.
“Hmm. I can’t. Even 3%?”
“yes! I will work on that part.”
“Haha, thanks anyway. Professor Choi. Oh, and Professor Choi!”
A look that suddenly brings up another topic.
Hyunjoon focused again.
“But that 3%… Is it possible with convertible bonds?”
So, it seems that they want a convertible bond format, not a paid-in capital increase method assigned to a third party.
In fact, depending on the company’s circumstances, the creditor can recover the principal (debenture) in cash, or it can be returned in the form of a stock conversion right, that is, new stock (common stock) issuance after a certain period of time.
It’s a bit embarrassing for the company.
From the creditor’s point of view, it was a very advantageous method.
You can earn interest for a certain period of time.
President Kang Kyung-moon wants a more secure convertible bond method in that he can protect his investment because he can convert stocks later depending on the company’s circumstances.
But there was a bit of a problem here.
Currently, the investment of the 3% stake is about 1.5 billion won.
Although it was very funny to proceed with such 1.5 billion won in the form of convertible bonds.
Considering Hyun-jun’s wealth, isn’t it even more ridiculous?
So Hyun-joon didn’t answer right away and just stared at the president.
Then President Kang Kyung-moon was startled.
He was soon lowering his tail.
“Ah, ha ha ha. that would be a bit overkill Yes. Professor Choi! Then, let’s just go with a third-party paid-in capital increase. Originally, when Professor Bae Sang-gi founded the company, he put money in the form of convertible bonds. But since I especially believe in Professor Choi, then let’s do it!”
Only then did Hyunjoon smile and agree.
“thank you. President.”
“Then, when does full-scale company operation begin?”
As such, President Kang Kyung-moon is showing interest in the current status of management.
However, it was a natural reaction, so Hyun-joon briefly explained his future schedule.
“Probably as early as the end of this month, it will be in earnest. Before that, we will first obtain the patent rights owned by the industrial complex and proceed with the development of new drugs based on them.”
“Oh, the patent right refers to the patents that Professor Choi himself applied for since last year, right?”
“yes! you’re right. Even though I am the inventor, since it was a job invention, the patent right went over to the name of the industrial complex. So, I intend to retrieve those patents again.”
“Ah, I see. I wish the company a very prosperous future.”
“thank you. President.”
“And if there is anything that makes you uncomfortable, please tell me. When I was vice president, I helped Professor Bae Sang-ki’s company, and now as president, I will try to help unconditionally during this term, so please tell me anything.”
“Yes, thank you again. President.”
After saying hello with a smile, Hyun-jun finally came out of the president’s office.
At this time, Hyeon-jun realized that he had made a small profit.
It seems that school life will become more comfortable in the future.
during the tenure of the President.
In fact, when I think about it, as I got involved in Professor Bae Sang-gi’s company, I secretly joined hands with President Kang Kyung-moon.
In addition, with the establishment of their own [Farm Blockbuster Inc], there was a chance to join hands once again.
Of course, I was assigned a 3% stake.
But it wasn’t worth it at all.
This is because Hyun-joon himself knows it well, but no one knows whether his pharmaceutical venture will succeed or not.
Currently, there are numerous new drug venture companies in Korea alone. However, there is not a single company that has received new drug approval from the US FDA.
such uncertainty.
And isn’t it natural for managers to lower risks through diversification strategies for high risks?
Anyway, after the meeting with President Kang Kyung-moon, Hyun-joon returned to his professor’s office.
Then I checked the current time.
After a few more overtimes, at 6:00 in the evening, Hyeon-joon headed straight to his Cheongun-dong house.
And after arriving there and spending a little time, it was almost 8:00 p.m.
Hyeon-joon arrived at a nearby coffee shop under the guard of Kim Jung-bok, assistant manager of the security team.
However, since he was dressed in ordinary casual clothes, no one recognized him.
Moreover, Hyun-joon did not appear on the broadcast himself.
Only ID photos were floating around on the internet, so no one was aware of Hyun-jun’s existence.
But after a while after that.
A slender woman in a pale green blouse and elegant skirt appeared with her long light brown hair flowing lightly.
The men around her were staring at her (lighting up an ordinary coffee shop) as if startled by the slight smile on her face.
Meanwhile, Hyeon-jun was sitting quietly in a corner seat.
At this time, Hyeonjun raised his hand in joy without even realizing it.
“Chaewon! I do!”
Then she immediately recognized Hyun-joon and approached him.
“Am I a bit late?”
“no. no.”
and after a while
The two of them sat face to face in a corner seat and finally started talking.
