VIP Early Access
Eksklusif untuk member VIP
Password Protected
Chapter ini dikunci dengan kode khusus
Chapter 4 : Seoseong Securities Seo Minjae (1)
Chapter 4: Seoseong Securities Seo Minjae (1)
The life routes walked by third-generation chaebol heirs were similar.
Because both Lee Jaseong and Seo Minjae had chosen careers in finance, their paths overlapped even more.
They had graduated from the same elite high school, entered the same Korean University, the same department, and had even gone abroad to study at the same time.
As a result, among the third generation, the person Seo Minjae had been particularly close to was Lee Jaseong.
E ṅü m̂a
‘Still, after he joined Seoseong Securities, I barely saw him……. No, that’s not true. I saw him last month at my parents’ funeral.’
Anyway, aside from that, he hadn’t seen him at all, and then suddenly he barged into the company and said—
Baca cerita ini hanya di situs resmi Enuma.id!
“Don’t you need performance results?”
……That, of all things.
Seo Minjae sat down across from him and tossed out a joke.
“Performance is something we always need, sure. Why, are you going to fill it for me?”
Е n̈u m̃а .і́d̄
“Yeah.”
“Yeah?”
“I set up a family office this time. I’m going to proceed with investments, and I need prime brokerage services.”
“……?”
Dilarang mengopy novel dari Enuma.id.
Handing over a freshly printed business card, he efficiently charged straight into the main point.
Seo Minjae didn’t even have time to ask how Lee Jaseong had found out about the personnel appointment that had just come down.
Ė n uḿ а̀
[Makers CEO Lee Jaseong]
A family office was classified as an institutional investor and thus qualified for prime services.
An unexpected client had suddenly appeared right in front of him.
Accepting the card, Seo Minjae muttered,
“It’s real?”
“Of course. It’s real.”
Baca cerita ini hanya di situs resmi Enuma.id!
“Uh……. I thought you’d go to Yuseong Securities. Are you planning to run your own business outright? If it’s a family office, are you managing chaebol assets?”
“No. Consulting. I’m going to consult on chaebol succession.”
“……Succession consulting?”
Seo Minjae’s eyebrow curved like a question mark.
He had heard of strategic consulting and management consulting countless times.
But succession consulting was a term he was hearing for the first time.
Е̃ n u̇ m̃ӓ
“You mean you help with succession work, that kind of thing?”
“That’s right. People excluded from the successor line, people who have ability but were pushed out by politics. I provide succession strategies to people like that.”
Baca cerita ini hanya di situs resmi Enuma.id!
Lee Jaseong smiled, resting his chin on his hand.
“And you look like you need it too.”
It was a remark that precisely pinpointed Seo Minjae’s situation.
Feeling awkward for no reason, he laughed stiffly.
Ӗ_n u m̀а̇.і̌d
“Hey, what are you talking about. Are you saying you’ll make me the CEO of Seoseong Securities or something?”
“Exactly.”
“…….”
Seo Minjae pressed his lips shut.
Baca cerita ini hanya di situs resmi Enuma.id!
He couldn’t understand it.
Why he had suddenly come to dig into his weak spot like this.
Ĕ n um å. î d
And what was this absurd proposal about making him CEO?
They had been close in their school days, but not to the extent of making an offer like this.
And yet.
He wanted to hear more.
Maybe it was because the personnel appointment from moments ago had left him thoroughly fed up.
‘If so, he picked the timing incredibly well.’
Dilarang mengopy novel dari Enuma.id.
Mocking himself inwardly, Seo Minjae asked,
“How? Can’t you tell from the fact that the Chairman sent me to the PBS department? Like you said, I’m already in a situation where my limits at the company are set.”
“There are two ways.”
“Two ways?”
“One, you go up. Two…….”
Lee Jaseong continued, counting off his fingers.
Е ñ um̈ а̀ . і̄d
“You pull Seo Minju down.”
At the chilling words, Seo Minjae swallowed.
Dilarang mengopy novel dari Enuma.id.
Because he could feel the sincerity.
Lee Jaseong genuinely intended to intervene in the succession of Seoseong Securities.
And it seemed he had already prepared the method as well.
“First, I’m going to proceed with investments, but I don’t have investment infrastructure, so I need a broker. But why do you think I didn’t go to another securities firm and deliberately came to a newly established department?”
W̊е b n̊о̇v̄ е l̊ Ӗ ńu̇ m̊а̇
“You mean you’re going to take care of my performance.”
Seo Minjae nodded.
A newly established family office wouldn’t have investment infrastructure, and Seo Minjae could provide that.
At the same time, from Seo Minjae’s perspective, he could secure a deal immediately, making it a win-win.
Dilarang mengopy novel dari Enuma.id.
“Then what about the second? The way to pull Seo Minju down.”
His voice was thick with doubt.
W ӗ b́n̂.о̄v е̌ l Е̊ňū ma
‘Is that even possible?’
Seo Minju had received every form of support from the moment she was born.
Compared to Seo Minju, Seo Minjae wasn’t even an underdog. He was just a dog.
But Lee Jaseong truly had a method.
“Do you remember Seoseong Securities investing in Yuseong Group corporate bonds last year?”
“Yeah. It was a scale of 200 billion won. Seo Minju led it.”
Dilarang mengopy novel dari Enuma.id.
That deal had been a major portfolio decision for Seoseong Securities.
It was evidence of a tight alliance between Seoseong Group and Yuseong Group that went beyond a simple investment, a solid union formed between related companies.
By leading this deal, Seo Minju had solidified her position as the successor.
“Those corporate bonds are going to go bad.”
A sudden silence fell over the office.
“……What do you mean? The corporate bonds suddenly going bad?”
Е̂ n̂u m а̌
“The affiliates have been hiding debt all this time. They’re already in a state of capital impairment.”
“Rea—.”
Dilarang mengopy novel dari Enuma.id.
“It’s real.”
Lee Jaseong cut him off and spoke firmly.
“That’s why I gave up my stake in Yuseong Group as well.”
At those words, Seo Minjae’s mouth fell open.
É ṅ ümа.і̌ d̀
He roughly knew the value of the stake Lee Jaseong was supposed to inherit.
200 billion won.
‘Lee Jaseong gave up 200 billion?’
People could lie, but money didn’t.
Dilarang mengopy novel dari Enuma.id.
If Lee Jaseong had given up 200 billion won.
And if he had given up a stake in a major conglomerate like Yuseong Group.
Ě ǹ u̇ mа.
Then there was only one reason.
‘Something really went wrong with Yuseong Group!’
Come to think of it…….
‘Someone like Lee Jaseong should have gone to Yuseong Securities, but instead he suddenly set up a family office.’
He had thought it was simply because he wanted to run his own business, but what if that wasn’t it?
What if it was because something had gone wrong with Yuseong Group?
Dilarang mengopy novel dari Enuma.id.
Only then did Lee Jaseong’s actions start to make sense.
Good grief. Seo Minjae pressed his forehead.
A problem arising with corporate bonds worth 200 billion won.
This wasn’t just a simple loss, but an event that would deal a serious blow to the capital soundness of Seoseong Securities.
But.
‘Up until now, Seo Minju has never taken responsibility even once.’
Ë n̊u m̈ а
Because every single human shield.
Had been him.
Baca cerita ini hanya di situs resmi Enuma.id!
“I’ll end up taking the fall again.”
At that moment, Seo Minjae realized clearly.
Why Lee Jaseong had opened up this precious information so easily, and what he was still holding in his hand even after doing so.
“And you know a way to avoid that.”
W ë ḃn̈ о̀ v̊е̄ l Еn u m а̂
“That’s right.”
“So in the end, you’re telling me to become your client.”
“We become each other’s clients. You need performance results and an internal foothold within Seoseong Securities. And I need a trustworthy broker and my first client. Isn’t it worth doing?”
Seo Minjae’s gaze landed on the new business card.
Dilarang mengopy novel dari Enuma.id.
[Seoseong Securities PBS Department Head Seo Minjae]
He lightly tapped the card with his finger.
W̃е̊ b̃ ń о̄ ṽ el̈ Еn ů ḿа́
“Until just now, I didn’t like the PBS department, you know? But now I’m thinking it’s a relief.”
Seo Minjae hated this personnel appointment.
Because it made him feel like someone who could only become whole if he met these conditions.
But he hadn’t known the PBS department would be helpful.
Seo Minjae handed his business card to Lee Jaseong.
“Looking forward to working with you.”
Baca cerita ini hanya di situs resmi Enuma.id!
Lee Jaseong checked his watch.
Exactly thirty minutes had passed.
He took the card and stood up.
“It’ll be a good deal.”
Seo Minjae rose from his seat and saw Lee Jaseong off to the office door.
Just before his hand touched the door, he suddenly asked a question.
Е.n̈umа
“But why me? Why not Seo Minju. She has more authority and it’s more stable on her side.”
“Ah, that…….”
Baca cerita ini hanya di situs resmi Enuma.id!
Lee Jaseong smiled faintly.
He recalled the ambition Seo Minjae had shown in the future.
Chaebols were insane.
Lust for power, hunger for success, the desire to be acknowledged, the obsession of the marginalized.
Ẁ е̊b̌ ňо̃ vе̌ l̃ Ĕň ū m à
Whatever its name, that madness was the most powerful fuel for succession consulting.
“You were more insane.”
The contract terms were simple.
Lee Jaseong would provide Seo Minjae with a succession strategy.
Dilarang mengopy novel dari Enuma.id.
However, the advisory scope was limited to matters related to Yuseong Group corporate bonds.
In response, Seo Minjae would provide prime brokerage services for Makers.
W ёb́n̄о̇vе̂ l Ênû m ӑ
However, those services were limited to the current investment case.
It was a one-off contract.
That was an understanding tacitly formed.
Without saying it aloud, the two were testing each other.
To Lee Jaseong, whether Seo Minjae was a trustworthy broker.
To Seo Minjae, whether Lee Jaseong was a competent consultant.
Baca cerita ini hanya di situs resmi Enuma.id!
This contract was the first stage of that test.
And a few days later.
Seo Minjae visited Lee Jaseong’s penthouse.
Visiting Lee Jaseong’s home for the first time, Seo Minjae glanced around the interior and let out an exclamation.
‘So this really is different, where a real chaebol lives.’
He himself lived in a luxury apartment near Banpo Station, but where Lee Jaseong lived was on a different level.
Е n̄ u ḿ а . і́ď
As he guided him, Lee Jaseong said,
“Come in. Let’s go to the study.”
Baca cerita ini hanya di situs resmi Enuma.id!
The two headed straight down the wide hallway toward the study.
The moment the study door opened, Seo Minjae let out a small gasp.
“……Wow.”
A display case occupying one wall immediately caught his eye.
Ӗn̄ ǔm.а̀ . і̀ ḋ
Seeing the balls displayed in exactly the same position in each compartment, arranged according to the color spectrum, there was even a sense of rhythm to it.
“You still collect balls?”
“They’re not balls. They’re artworks.”
“This really is, no matter how many times I see it…….”
Baca cerita ini hanya di situs resmi Enuma.id!
“Beautiful, right?”
“It’s creepy. You remember high school? When the guys scribbled on Pete Sampras’s signed ball.”
Е̌n umâ.і̇ḋ
“Ah.”
Lee Jaseong’s expression shifted for a moment.
These days he used them like totems to distinguish reality from the future, but collecting balls had been a long-standing hobby since his school days.
Lee Jaseong opened the case and took out the ball in question.
On its surface, along with a faint signature, someone had scribbled ‘Lee Jaseong you son of a bXXch.’
He still hadn’t found out which bastard had vandalized an 80-million-won signed ball.
Baca cerita ini hanya di situs resmi Enuma.id!
“This one, right?”
“That’s it. You still have it.”
Lee Jaseong lightly bounced the ball. Its elasticity had dropped a lot, but that made it more comfortable.
“Now talk to me. What’s the situation with your assets?”
Seo Minjae’s expression turned serious in an instant. He took out a stack of documents and spread them across the desk.
A broker provided institutional investors with a variety of services.
Е̃ n̂ u m а̊ .і̌ d
In particular, since Makers was a one-person company, many areas were outsourced for handling. Supporting operations in the early stages of establishment was also one of a broker’s roles.
His first task had been to move Lee Jaseong’s personal assets into Makers.
Baca cerita ini hanya di situs resmi Enuma.id!
“Your assets, you know. They were scattered all over the place.”
“It’s probably because of the inheritance. It’s not fully sorted out yet.”
“That’s what it looked like. For now, I moved everything under Makers.”
Until then, Lee Jaseong’s assets had been split among Yuseong Securities, private banking, overseas accounts, and various inherited financial assets.
Ẅе̊b̊n̈ ǒ v̀е̄ l Е̇ n̆ům̄ а
Seo Minjae brought all of these assets into a single structure under ‘Makers.’
Finally, Seo Minjae handed over a document containing a comprehensive asset overview.
“Total assets are about 50 billion won.”
“Did you liquidate everything related to Yuseong Group?”
Dilarang mengopy novel dari Enuma.id.
“Yeah. But there wasn’t much. Most of it you renounced inheritance on, and even what you did inherit, after paying inheritance tax……. You know. It gets cut in half.”
“…….”
Е nūm а
Damn inheritance tax.
Lee Jaseong muttered irritably.
“So that makes a total of 50 billion won?”
“That’s right.”
Lee Jaseong’s eyebrow twitched slightly. He leaned forward and began examining the documents more closely.
“The proportion of real estate and art is high.”
Baca cerita ini hanya di situs resmi Enuma.id!
“They’re for inflation hedging. I figured asset values would rise when the economy recovers, so I didn’t liquidate them.”
As he spoke, Seo Minjae watched Lee Jaseong’s expression. It was obvious something didn’t sit right with him.
“Why? Is there some…… problem?”
After reading through the documents carefully to the very end, Lee Jaseong let out a sigh.
“There’s way less money than I expected.”
“???”
Е n̄ùm̆а̄
Seo Minjae’s mouth fell open.
“F, 50 billion won? That’s not five hundred won, it’s five hundred ‘hundred million’ won. It’s enough to live off for the rest of your life without lifting a finger.”
Baca cerita ini hanya di situs resmi Enuma.id!
At that, Lee Jaseong looked at him with a pitiful gaze.
“Seo Minjae.”
“What.”
“How much is the CC membership you have?”
Е̌ n̄umа
“Uh……. I think it was 2 billion won?”
Even as he answered, Seo Minjae felt awkward.
It was a membership his father had practically forced him to buy, insisting he maintain chaebol-family dignity.
It still felt unfamiliar, like that kind of luxury didn’t really belong to him, but in a way, even an illegitimate child like himself was burning 2 billion won on a CC membership.
Dilarang mengopy novel dari Enuma.id.
And if that was the case, what about Lee Jaseong?
“You have to manage connections too. If you attend charity events, you have to donate several billion won at a time. And sometimes joint investment proposals come in—startup investments, fund contributions, things like that. The minimum entry amount is tens of billions as a baseline.”
Ё ǹû mа̇.
“…….”
“Of course, that’s assuming nothing fails. If just one or two investments go bad, several tens of billions vanish in an instant. 50 billion? That’s money that might barely last five years.”
Yuseong Group was a company that, at its peak, had ranked within the top ten of the business world.
The people Lee Jaseong associated with were all children of chaebol families at a similar level.
To survive in that circle, the level of spending he described was the bare minimum. Otherwise……
He would have to lower his standards.
Dilarang mengopy novel dari Enuma.id.
And Seo Minjae knew very well that Lee Jaseong was not the kind of person who would ever do that.
How could a man whose every motion—even the act of throwing a ball—oozed elegance possibly lower his standards?
“So 50 billion isn’t enough?”
“Of course not. With that amount, I’d have to stay home and do nothing but breathe.”
50 billion won.
Looking at this mouse-sized sum, Lee Jaseong felt a fresh shock.
E n̆u̇ má.
To him, money had been like air.
He had never once in his life spent money while consciously thinking about the amount.
Dilarang mengopy novel dari Enuma.id.
……He hadn’t realized the air left was this thin.
It was at the level where he needed an oxygen mask.
“I need to make money.”
“The investment you mentioned?”
Ẅ ėb ń о́v е l .Е̃nù m_а̀
Lee Jaseong nodded.
The reason he had signed a broker contract with Seoseong Securities was precisely to execute this investment.
Beyond simple asset management.
He now needed aggressive asset growth.
Dilarang mengopy novel dari Enuma.id.
“Do you already have an investment target in mind?”
“U.S. Treasury bonds. I’ve organized it here.”
W е̂ b́ n̆о̄ṽe l̆ Е nu̇m̃ ӑ
Lee Jaseong pushed the documents toward Seo Minjae.
[Investment Strategy Overview: Concentrated Purchase of Long-Term U.S. Treasury Futures]
The moment he took the document, Seo Minjae understood.
“U.S. Treasuries. They’re stable.”
At a glance, there was nothing unusual.
Buying U.S. Treasuries was a staple of institutional portfolios.
Dilarang mengopy novel dari Enuma.id.
They were an investment that offered low volatility and stable returns.
But that thought quickly changed.
‘Huh? Wait a second.’
He read it carefully once more.
Investment period: 2 months.
Bond price increase: 1.5%p.
Ѐn̄ u m̈а̃. і̀d̆
‘It’s a long position, but aggressive.’
As if going all-in on a specific event.
Baca cerita ini hanya di situs resmi Enuma.id!
This was practically……
“It looks like you’re assuming a sharp rise in Treasury prices within two months?”
“That’s right.”
“You’re saying U.S. Treasury prices will rise this much in two months? Even with good news, that’s impossible.”
Е̃_n̆ ŭ m̂ â . і̌ d
Lee Jaseong slowly nodded.
“With good news, it would be impossible. It’s the opposite. Bad news is coming.”
“Bad news?”
Lee Jaseong recalled the timeline.
Dilarang mengopy novel dari Enuma.id.
In just two months, the Yuseong Securities financial fraud would be exposed.
Now then.
W̊ е ḃ ńо̊ v̈ е l E ṅ ů m а̇
‘How did the Yuseong Securities financial fraud end up being uncovered?’
An internal whistleblower? A routine inspection by the financial authorities? Discovery by an external auditor? Market suspicion?
None of those.
His uncle had been meticulous about things like that.
Problems that had piled up, and piled up, and piled up under perfect camouflage.
Collapsed in a single blow due to an external shock that could not be controlled.
Baca cerita ini hanya di situs resmi Enuma.id!
One that occurred across the Pacific.
“A downgrade of the U.S. credit rating.”
Seeing the enormous question mark on Seo Minjae’s face, Lee Jaseong repeated himself.
“In one month, S&P will downgrade the U.S. credit rating.”
“……What?”
The U.S. credit rating would be downgraded.
W̃е́ b̊n ǒv_е̌ ĺ Ѐ ń ǔm̌ а
Then would U.S. Treasury prices fall?
No—precisely the opposite.
Baca cerita ini hanya di situs resmi Enuma.id!
Shockwaves would slam into the global financial markets. Uncertainty would surge, and investors would panic. In times of crisis, investors gravitate toward safe assets.
And the asset considered the safest in the world was—
U.S. Treasury bonds.
Paradoxically.
W e bnо̆vẽl En̂ ům а̂
Capital would flood into U.S. Treasuries, leading to a rise in bond prices.
A scenario where Treasury prices surged within two months was possible.
However.
It was also an almost unimaginable scenario.
Dilarang mengopy novel dari Enuma.id.
“That makes no sense! U.S. Treasury yields are practically the benchmark interest rate. If you mess with that, the entire global financial market shakes. You’re saying a credit rating agency would do that? Do they have a death wish?”
Seo Minjae shot back quickly.
Ë n u m а̄
It was a perfectly normal reaction.
“Can’t you trust me?”
“Would you, if you were me?”
Lee Jaseong smiled leisurely.
“Then just wait a little longer. Until you start to believe.”
“……Does waiting make belief appear or something?”
Dilarang mengopy novel dari Enuma.id.
.
.
.
And then it happened.
Konten Bab Belum Tersedia
Bab ini belum memiliki konten teks atau sedang dalam proses penyuntingan.
