Chapter 132
Chapter 132: <Power>
Lee Sunghyun looked at Woosung with a bizarre gaze.
‘He will do it? Where did he get so much money?’
It was a mystery. Where did Woosung make all his money?
‘If it’s a slush fund, he will be caught by the Revenue agency.’
Woosung continued his explanation. “The calculation for the business offered by Mayor Oh doesn’t make sense as is. To make it work, I will need many tax benefits from the government, that is why I came to you.”
Lee Sunghyun narrowed his eyes and replied, “How is the tax evasion investigation going? If they find something, your entire company could collapse and I wouldn’t be able to do anything to help you.”
“So there are things that even you can’t handle?”
Lee Sunghyun frowned at Woosung’s challenging remark.
“There are things even the President can’t fix. If you are found guilty of corruption, the Coconut Coin project may even be affected. No one wants to be associated with a corrupt company.”
Coconut Coin.
It was the official name.
“You don’t have to worry about it. My company’s record is spotless, and KND is only a year old. There is nothing to find.”
Woosung said firmly, but Lee Sunghyun didn’t seem to believe him. There was no businessman who didn’t take bribes or abuse the company fund.
“I am concerned that you are getting involved in too many things too fast. You are being a part of the transaction system, mobile carrier, and most likely the frequency auction. These all will cost billions of dollars.” Lee Sunghyun paused and looked at Woosung. “Now, you want to add the space business on top of everything?”
Woosung shrugged and replied, “You forgot the construction business.” Woosung continued quickly, “My company purchased 30% of Space X. They can build a station in the center of Yongsan for space research. This can then be surrounded by 50-floor apartments to house the workers.”
Woosung took a breath and continued, “We can also build buildings for other space related ventures. We can offer many advantages to attract promising companies.”
Lee Sunghyun still couldn’t stop worrying.
“The first Yongsan project failed because it tried to go too big too fast. I think you need to establish the businesses you are starting first before taking on the Yongsan project.”
Woosung answered firmly, “That would be too late.”
“…”
“Business needs to expand when things are going well. You never know when someone will steal the idea. I followed this principle, that is why I came this far.”
Lee Sunghyun sighed lightly. “So you insist on starting these new businesses all at once?”
“When I first started the smartphone project, everyone had the same reaction. They said I was crazy. Look what happened! It was a huge success. Do you know why?”
Lee Sunghyun just blinked.
Woosung grinned and continued, “Because I was behind it. I am the main character of this world, and main characters never fail.”
Lee Sunghyun grinned at Woosung’s joke.
He was being confident, but he did lead many projects to unexpected success.
Lee Sunghyun asked, “So you are the main character of this story?”
“You don’t have to worry about the funds. I am making more than enough in perfectly legal ways. I am a good and just main character. I am not here to ask for a favor. Just like before, I am here to suggest a fair trade. That is why I welcomed the tax investigation. What I ask of you is to make sure the others don’t use unfair methods or influences to stop me.”
Woosung was already getting calls from credit card companies, banks, and mobile carriers. If the Yongsan project becomes official, he knew he would be getting calls from construction companies too.
“This is a good thing for the government. Wouldn’t making Yongsan better increase the President’s popularity?”
Lee Sunghyun nodded.
Woosung continued, “I am not saying I want to be the actual constructor. I plan to be only the developer this time.”
This meant Woosung was to plan and outsource it to an actual construction company for building.
Lee Sunghyun sighed again and replied, “You are so greedy.”
“I just want fairness. I will make this into a success.”
“What I need from you then is a proof that you can do this.”
“I have the fund document ready for the mobile carrier business.”
“How about anything for the Yongsan project?”
Woosung took out a piece of paper. On it was a letter from the Right Capital that offered to invest 3 billion dollars.
Lee Sunghyun read it over and over again. He couldn’t believe it. He asked, “Is…is this another hedge fund company you created?”
“Not all of it, but something like that.”
Lee Sunghyun had to admit Woosung was indeed financially ready.
***
After the meeting, Woosung went to meet the representative of the Right Capital.
Right Capital was a hedge fund company from US.
Its acting director was Alex.
So far, Alex was taking care of four companies.
KND Investment.
DNK, which took over MOX.
NK Entertainment.
Now, Right Capital too.
Alex shook his head and said to Woosung, “Boss, this is now the fourth company. You are growing way too fast. This could lead to a failure.”
Woosung replied firmly, “Alex, this is the Korean way.”
“But do you think this will work in America too?”
Woosung nodded. “Of course, and we will grow even bigger very soon. Get ready.”
Alex sighed in frustration. “Well, I’m getting paid very well so I don’t care.”
“Haha, that’s a good way of thinking. By the way, I heard the Battle Round did very well in the first quarter?”
“Yes. League of Legend and other MOX’s games did well too, so the total net profit will be about a billion dollars.”
“Keep buying Apple and Amazon stocks. Oh, and we need to start selling the shares. I need some cash.”
“Boss, you have about 4 billion dollars you can cash out right now. Are you saying that’s not enough?”
When Woosung nodded, Alex swallowed.
Woosung continued, “What’s the state of our plan to put NK Entertainment into Hollywood?”
“CEO Moon Yongjun has been getting prepared for it for a while now. He seemed to know a lot about it.”
“Good. What you need to do is to keep investing in American TV shows and movies. You got the list I sent you, right?”
Alex nodded.
Shrek.
Social Network.
Super Bad.
Inception.
These were the popular movies Woosung remembered watching.
Alex asked, “And do you really think Spotify will be ok?”
It was the only business Woosung purchased that was having a loss.
“It’s because we are still at a developing stage. It will start doing better soon. The first thing we need to focus on is getting users.”
Alex nodded. Woosung continued, “I know how hard you worked, so I will be giving you 5 million dollars as a bonus.”
Alex brightened. “Thank you!”
“If you ever find a good US company you want to recommend, please let me know.”
Alex nodded again.
***
On the day of launching the Coconut Bank.
A display board was hung on the wall of the office.
“Number of app downloaded.”
“Number of accounts formed.”
“Total account amounts.”
The numbers were increasing fast. The number of downloads reached 100,000 in a matter pf seconds.
The customers were impressed with the convenience of the Coconut Bank.