The Youngest Son of Sunyang - Chapter 139 Rich Ants 1
“Did you personally see Uncle? How was it?”
“Chairman Jin Dong-gi?”
“Yes.”
“Well, is there anything special about it? He’s just a second-generation conglomerate heir, that’s all.”
“Just that much?”
“Second-generation chaebol heirs are all the same. They may appear special, living like nobility from a young age, but if you look closely, they’re not much different from ordinary people. Just…”Oh Sehyun blinked as he recalled. “The attitude is a bit different. He act carefully and pretend to be humble. That’s what makes him appear special.”
“Isn’t that too cynical of an assessment?”
“It’s an accurate assessment. I’m not belittling him as ordinary people. Even slightly intelligent people, just regular people. Chairman Jin Dong-gi is a slightly intelligent regular person. But he appears special because he’s dressed as a second-generation chaebol. I’m an ordinary person too, after all.”
Miracle’s investment returns are among the top, so many people who want to make money have gathered.
Among them were many customers entering the chaebol’s sphere, and a special team was set up for them. Oh Sehyun evaluated his uncle in comparison to them.
“You’re the only special one. Oh, your father is a bit special too. It’s the opposite standard.”
I’m special because I wear the clothes of a third-generation chaebol.
Inside those clothes, I’m just an ordinary person who knows a little about the future. Oh, and the fact that I stubbornly stick to this is a bit special.
“Is it not difficult to align with you uncle? He must be very serious. I asked him several times to speak comfortably, but he didn’t change his attitude. That was somewhat refreshing. Those people always look down on others.”
Unless you’re the elder brother or younger brother, comfortable conversations don’t happen. Only official business discussions take place. It means there is no exploration… It’s a bit surprising.
“Oh, that gentleman openly acknowledge you as his competitor?”
“Did he?”
“Vice Chairman Jin Dong-gi wanted to crush you, didn’t he? But it seems like the eldest granson is trying to bring you to his side. Is it a difference between the eldest and second son?”
“It’s probably a difference in personality. Let’s watch a bit more.”
At that moment, a manager knocked on the office door with a report. The report contained the stock status of New Data Technology.
New Data Technology, which went public at 1,480 won, saw its stock price steadily rise. It seemed like it would quickly surpass 10,000 won when it crossed the 10,000 won mark, but it couldn’t break out of the 10,000 won range.
Securities experts believed that with this stock price, success was almost guaranteed, and the prevailing expectation was that it would settle in the upper 6,000s as soon as the listing rush ended.
“When people who are now selling their stocks exit, we’ll have another strategy. The stock will fluctuate up to around 50,000 won, and every time it does, those who suffered losses will bitterly regret and buy again when the stock goes up, and hastily sell it when it drops, continuing to incur losses.”
This is the characteristic of retail investors. They keep buying when it goes up and selling when it goes down, a truly difficult-to-understand investment pattern.
Experts like Oh Sehyun repeated buying and selling in the exact opposite pattern of retail investors, all the while making trading profits.
However, not a single person expected the stock price to skyrocket to over 50,000 won.
I eagerly waited for my aunt to appear.
If Sunyang Electronics invests, I will undoubtedly get hold of that information in advance, as she’s not the type to stay quiet after hearing such valuable information.
Struggling with a lack of personal funds, she can’t afford to miss an opportunity to make money like this government-funded venture.
Is Sunyang Electronics’ investment not confirmed yet?
“Are you sure?”
“Yes.”
“Did my brother decide?”
“I don’t think so. He’s only investing 20 billion won. Will the chairman himself approve it? He issued an aggressive venture investment directive last year, and since then, the executives have been handling it. He probably only approved the overall investment amount.”
Jin Seo-yoon found the information provided by the management executive intriguing.
“But, Director Lim, wasn’t Sunyang Electronics supposed to invest only in internal venture teams? How come they are investing in external companies?”
“I don’t have all the details on that. What I can tell you is that a very small number of people who know this information are quietly gathering stocks, and it’s causing quite a stir.”
Director Lim constantly shifted his gaze.
He was reporting this information to Jin Seo-yoon for two reasons.
First, he wanted to find out through Jin Seo-yoon whether Sunyang Electronics’ investment was certain, and if the investment did happen, he wanted to demonstrate his information and capability to have discovered it first.
“Do you know the investment announcement date?”
“That’s a bit…”
“Why?”
Jin Seo-yoon focused intently, trying to figure out if Director Lim might have any hidden motives as he continued to roll his eyes.
“They haven’t set a date; they plan to announce it based on the stock price. They said they’ll announce it when it reaches 20,000 won…”
“20,000 won? What’s the current price?”
“It’s been fluctuating around 10,000 won. Some people are already selling…”
“Director Lim!”
“Yes!”
Startled by the stern voice, Director Lim involuntarily straightened up.
“I’m giving you two days. Make sure you find out for sure. If you show any hesitation, I’ll have to reconsider my opinion of you, Director Lim. Remember, you’re only in a temporary position for a year.”
Director Lim, with a flushed face, lowered his head and retreated.
Jin Seo-yoon pondered the two numbers intently.
If the stock reaches 20,000 won, Sunyang Electronics will invest. This means that the stock price will definitely reach 20,000 won at some point. Moreover, when Sunyang Electronics’ investment becomes known, the stock price will skyrocket again, at least doubling.