chapter 35
look down
“By the way, does a person named Richard Hahn have anything to do with the Daeyang Group?”
A meteor who is sensitive to the word ocean asks.
“I think it might be. Of course, there’s no evidence, so it’s just a heart attack. So, I’m asking if there’s any clue.”
“If DL Capital and Daeyang Group are related, will it be a legal problem?”
“Although it’s a little vague. If there is evidence, it is clearly an act of breach of trust. But I don’t think I’ll ever be able to find that kind of evidence like a detective investigation.”
Tracking the entangled relationship between large conglomerates and large private equity funds would be impossible without the involvement of state agencies.
However, what Eugene needs is not a huge amount of evidence to bring the Daeyang Group’s owner family to court.
If I could find a little bit of evidence, that would be enough.
Around that time, I asked the academy to increase the bodyguard a little more.
It was necessary to increase the number of people because he would no longer lead a simple life of going back and forth between Trump Tower and Black Rock.
Now, out on the streets, there are five or six security teams around the Eugene brothers.
“It’s a little awkward…”
It seemed too unfamiliar to Yoosung to be surrounded by a group of black-and-white figures who were similar in size to him or rather larger.
“Yes.”
It was the same with Eugene, but that’s how reassuring her heart is.
Considering that the war with the ocean would intensify, we had to make our defenses even stronger.
The eight new members are all close friends with John and Roger.
Ten bodyguards will be divided into two teams to keep the two brothers safe.
“All of them are comrades who have been together at least once in the same battle.”
Yooseong, who is closer with bodyguards than Eugene, quickly became close with the new bodyguards.
“What are you looking at like that?”
Yooseong, who was going to the gym with two bodyguards, asked.
“Data from the detective agency.”
“What do you think? Did you find the evidence you were looking for?”
“There is nothing great about it. It seems that it is difficult to delve into international financial transactions.”
“Oh yeah.”
A look of disappointment ran across Yoosung’s face.
“Still, that doesn’t mean it’s completely unsuccessful.”
Hana Eugene’s face was bright.
“What?”
“Before that, I need to book a plane ticket.”
“Where are you going?”
“Seoul. Let’s go together this time.”
That week, Brother Eugene headed to Korea. I had some work to do.
This time, Yoosung, who had not returned to Seoul for a while, was also with him.
“But isn’t Rolls-Royce too much?”
Eugene’s father laughed and said.
The Rolls-Royce Phantom I ordered the last time I visited Seoul was shipped out and I’ve been driving it for a while, but it still seems burdensome and awkward.
“You can ride this. How much money did your brother earn? But can I drive it once on the weekend?”
Unlike his older brother Eugene, Yooseong, who is very interested in cars, said with the expression of a child who discovered a new toy.
“No. However, it’s still too much for my level. It will take several years to get a Rolls-Royce with the profits from running a factory these days.”
“Did you say that you received a new order from Dasan Motors?”
Still, it seems that they liked Eugene very well, so Dasan sent someone to give Eugene’s father’s factory a fairly large order.
“Still, don’t waste your money.”
“It is provided by the Shooting Star corporation to the representatives of its subsidiaries, so you do not have to feel burdened. I have to pay taxes anyway, so I use it when I use it.”
Actually, it was for safety.
I ended up going to a Rolls Royce while looking for a car that was safe even if it collided with a truck.
“right. Speaking of which… aren’t shooting stars a bit outdated?”
It seems that his father doesn’t like Yoosung’s naming sense either.
“How are you? It has an impact.”
If it had been to the point that it felt unstylish, I wouldn’t have named it that way in the first place.
“It’s nice that I ride that big car these days too, but it’s a little embarrassing. What kind of car only used town buses?”
My mom also says something.
It seems awkward to drive a domestic mid-size car and sit in the back seat of the same Phantom as my husband overnight.
It’s also an EWB, not a regular Rolls-Royce, so the length is really about the size of a small bus.
This is also for safety.
Eugene had no intention of letting Eugene drive a less secure car to save a few bucks.
“Mom gets used to it. My son is now one of the richest people in Korea.”
“Nevertheless. It’s a little manly to have two Rolls-Royces standing in a house that isn’t that big.”
“Yes? So, let’s find a place to move to soon.”
“It’s the house I’m going to move to, so I’ll have to go, even if it’s because of the car.”
“Are you still not planning on going to Seoul?”
Eugene, who was quietly listening to the conversations of his family, opened his mouth.
“When I think of your mother, I think so. All of your mother’s friends are here.”
“Why are you making excuses for me? Because you don’t want to go too far from the factory.”
“uh. Ummm… that’s it.”
The father had no intention of letting go of the company he had built his whole life with just because his son became rich.
“Then, how about in Songdo?”
Eugene pondered for a moment and asked.
“Song-do?”
“yes. It’s not that far from the factory or this town. Or will we get a bigger lot and build a new one?”
The house I’m living in now isn’t that small, but the bodyguards are there now, so it’s a mess.
Moreover, there is not enough parking space for two Rolls-Royce and a Lincoln Escalade for the Eugene brothers.
Even for the parking lot, a large space was needed.
“not. That’s a bit…”
“okay. We’d rather go to Songdo. If it was there, I wouldn’t even notice if I parked a few large cars.”
In the end, the family meeting decided to buy a large apartment in Songdo and move there.
I decided to take care of that while Brother Eugene was in Korea.
After taking a day off at home, Eugene started promoting.
First of all, I had a quiet meeting with a reporter I had been in contact with before coming to the United States.
“This is Kim Sang-gi, the representative reporter of Media Focus.”
Media Focus is an investigative news agency that has earned a reputation for articles on illegal foreign money outflows so far.
Two years ago, there was a report that the family of the head of a large corporation and the son of a former president had created a slush fund in a tax haven and had a history of making the National Tax Service investigate the people involved.
It is the most suitable press for Eugene now.
Opinions seem to be quite different about Media Focus’s tendencies and reports, but it doesn’t mean much to Eugene.
“Nice to meet you. This is Kang Yujin.”
“Hey. It is an honor to have met such a wonderful person. But you look much younger than what you see in the picture.”
Contrary to the public opinion that he was very passionate and full of justice, he looked a little worn out and gave the impression of being skillful.
However, while smiling broadly, looking at Eugene with sharp eyes, you can feel the firearm of a renowned investigative reporter.
“okay. What did the world rich man ask to see me?”
“You may be aware that Daeyang Electronics recently acquired Freescale Semiconductor.”
“yes. It felt uncomfortable because it was acquired at a very high price.”
“I have something to tell you about the acquisition.”
“What?”
Reporter Kim Sang-gi shows interest.
“Before Daeyang Electronics acquired Freescale, you know that Freescale was run by a consortium of US private equity funds.”
“I heard of Blackstone Private Equity.”
“All six private equity funds, including Blackstone, provided funding. Blackstone has been in charge of the operation as the representative.”
“Did you?”
“yes. And among those private equity funds was the Carlyle Group. However, at the height of the acquisition battle, DL Capital acquired a 17% stake in Freescale in the Carlyle Group. That’s a whopping $35 billion. That’s roughly $20.5 billion in Freescale’s valuation.”
“Hmmm…”
Kim Sang-gi paints a picture of the situation in his head.
“And in the competitive bidding, Daeyang Electronics wrote a huge sum of $28.6 billion, exceeding everyone’s expectations. As a result, DL Capital was able to generate $1.36 billion in revenue in one month.”
“It’s very award-winning. Unless DL Capital knew that Daeyang Electronics would spend such a large amount.”
“Yes. But the fun starts now. There is a man named Richard Han, who is a non-registered director at DL Capital. He’s a very inconspicuous person in the company, but when I found out he was actually the center of DL Capital. Richard Hahn, a Korean-American, worked for Daeyang Group in the 80s.”
“Ummm… that’s really dubious. But that’s not enough to definitively determine the connection with the ocean.”
“Sure. But was there ever a time when the media was not a prosecutor and needed clear evidence?”
Eugene asked with a smile.
“haha. Right. We are not the police or the prosecution.”
Reporter Kim Sang-gi laughed a little sinisterly.
“And Richard has a son. The son graduated from a community college in the US and is working for the Daeyang Group in Seoul.”
“Something… it looks like a hostage. Huh. It’s getting more and more fun.”
“And there have been not one or two suspicious transactions between Daeyang Group and DL Capital over the past 20 years.”
“like. That would be a very good article.”
It seems that they understand each other.
Eugene handed over the materials he had collected to the reporter.
“However, are there any financial problems in the operation of Media Focus?”
“There are a lot of financial issues. There are a lot of enemies when you break down the bad things of powerful people.”
The reporter clasped her hands and slightly bowed her shoulders, and in the blink of an eye, she had put aside her dignified attitude.
“I would like to do a little sponsorship, but that would be like asking for a contract engineer, right?”
“I think there will be problems with legitimacy.”
But the reporter’s eyes were not like that.
“Then it would be better to discuss the sponsorship issue later.”
Rather than giving money first and asking for an article, he intends to pay the price after seeing the behavior of Media Focus.
“I am very much looking forward to the sponsorship of one of the richest people in Korea.”
The other party seems to agree. It shows the will to dig deeper into the Daeyang Gun.
“Oh yeah. They say the food here is great. Eat now.”
“Is that so? I’ve only heard of it, but it’s the first time I’ve seen it in person. Indeed, luxury hotel food is different from the outside. Heh heh.”
The dinner in the foreign hotel’s private dining room was excellent, and the negotiations were even more satisfying.
The next day, I headed to Gangnam with Yooseong.
“welcome. I was waiting.”
As I got off in front of a building on Tehran-ro, a man in a suit quickly approached me and bowed my back five or six steps away from John and the four bodyguards.
“Nice to meet you. Can I see you right now?”
“Sure. Would you like to go up?”
The man who was awkwardly looking at the bodyguards around Eugene moved forward.
Enter the building lobby, take the elevator to the top floor, and enter the office that is already open.
The two bodyguards first entered the office, checked the inside, and came back and signaled that they were okay before the rest of the people entered.
“Like I said, the top floor is completely empty.”
The walls and interior remain the same, but when all the furniture is removed, a large, empty space greets them.
Eugene looks around roughly. I’m not going to use it here anyway, so I don’t care too much about it.
“The floor area is 650 pyeong and the total floor area is 9,300 pyeong.”
A middle-aged man followed Eugene and explained diligently.
I knew everything anyway, so I just threw it out my ear and went to the window.
“Look over there.”
Eugene pointed out the window with her finger.
“That’s the Daeyang Group office building.”
“I mean, those guys are gathered over there.”
Yooseong’s usual gentle eyes disappeared, and with burning eyes, he looked at the building his brother was pointing at and said.
“okay. So this is perfect.”
There was only one reason why Yooseong chose this building.
Only the fact that you can look down on the Ocean Group is important.
The Daeyang Group headquarters building, which has been built for over 20 years, is 22 stories high, and Eugene and his party are on the 24th floor.
The floor height is also slightly higher, which is the difference between the two floors, but it was located overlooking the Daeyang Group headquarters.
“great. That’s cool.”
“okay. From now on, this is Shooting Star CEO’s office.”
The contract has already been signed by an agent in the United States.
We sent an offer to a foreign investment company, the owner of the building, and decided to buy it at 20% more than the fair market price.
If it is 180 billion won, it is enough to buy a sufficient building for 220 billion won.
However, considering the fact that large buildings along Tehran-ro rarely come up for sale and the steep rise of real estate here in the future, I do not think it is a waste.
If you hold it for 5 or 6 years, you will probably get twice the purchase price.
Likewise, since he got 80% of the loan through a foreign bank, Eugene has only 44 billion won to pay right now.
“It feels like real shopping.”
Since I bought a 220 billion won building without looking at it once, Yoosung deserves to say that.
“not there yet. I have left to live.”
“What else are you going to buy?”
“Person.”
“yes? Person? live people? Are you doing any kind of slave trade?”
“Are you going to buy a slave? It means to buy talented people.”
Eugene burst into laughter at Yooseong’s idea.
“Oh yeah. Human Resources······.”
Yoosung repeated his brother’s words awkwardly.