Wall Street of the third generation chaebol

＜ Start cleaning. (2) >

New York port.

Huge shadows covering the floor.

Each of the warehouses in the wharf area was large and huge.

“Is this all steel?”

It’s not just steel.

Pig iron pulled from the ironworks was also piled up.

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Of course, there was no problem in itself being piled up in the warehouse.

However, if there is a problem, it must be that all of these are steel stocks that have been accumulated due to the sale and sale of shipping companies.

kiosk.

This is common in the retail industry. Since our suppliers supply steel in large quantities at a low price, distributors monopolize the steel in the middle and sell it at a high price.

“There are a lot of German brokers.”

“When it comes to steel, there are the most American, British, and German brokers. There are usually banks, too. It seems that large banks are not included because of JP Morgan Bank’s ignorance.”

“So most of them are foreign banks.”

Veyron answered various questions beside me.

Investigators from the Ministry of Commerce forcibly opened warehouses and began to investigate the weight and quantity of steel products.

“By the way, it looks like he was very determined and hoarded it? We haven’t even finished the chicken game in a month yet, but it’s going to pile up like this. They’re crazy.”

“But you did it. This quantity is a bit dangerous.”

That’s right.

Veyron was right.

In order to buy and sell a concession stand, you basically need a lot of capital. It is the act of monopolizing a single market. Normal capital was not available.

So you go through the bank.

“The big banks in New York would have sat down with me because I thought they were crazy. I think most of them are German banks and British banks.”

But they were never on the same side.

I just invested because it seemed like a good return. Banks do not give them a single grain. There will be no blood or tears when collecting.

“Chairman of Detroit.”

Then I heard a voice calling me from behind.

The director of the Business Bureau of the Ministry of Commerce approached me.

“I think this is enough evidence. The Federal Prosecutor’s Office also raided the shipping company that owns this wharf, and customers and transaction books poured out.”

“Well, they probably didn’t know we were going to raid like this.”

“How are you going to deal with it?”

coping. deal with it

There is a wide variety of ways to slaughter the powers that have bought and sold with such a large loan. In particular, some of the compulsory orders from the government or courts were fatal.

I tried to use the most cliché of them all.

Woodang-!

“Hey you motherf*ckers! What right do you have to stop our commercial activities! You want to be sued?”

At that time, a foreigner was dragged here. English pronunciation is quite poor.

‘By the accent, you’re German?’

“You’re of German descent.”

The eyes of the head of the Corporate Bureau became sharp.

I heard that German brokers were involved in this monopoly. But as soon as I scratched the surface, I didn’t know that German descent would pop out.

“If it’s steel, it’s not strange if a German pops up all of a sudden. It looks like a broker, but I guess that one also came from a shipping company.”

“German shipping companies are famous. Maybe they can’t do it in the UK, but they’ll do pretty well in Europe.”

“Of course. Especially when it comes to steel.”

German shipping could not be taken lightly.

In the original history, Morgan had acquired German shipping companies through IMM in order to compete with large British shipping companies.

To that extent, German shipping companies were quite successful in Europe.

“German shipping company. Is that also on the steel import side? I’ll have to dig it up.”

“I’ll bring you.”

The head of the business bureau commissioned investigators.

I put my hand in my pocket.

I don’t think the Germans came to export steel to the US just because they were crazy. It is reasonable to think that it came to buy US Steel’s dumping steel cheaply and resell it to Germany at a high price.

‘German Steel Association or German Trade Association.’

While guessing which of the two might be behind the scenes, a German was dragged along by investigators.

They stare at me with their aggressive eyes as if they were going to kill me.

I squatted down at eye level.

“Are you German?”

“Is the US oppressing good businessmen in this way! There is nothing illegal in what I do! They are all legally exported to Germany!”

“German descent is correct.”

“Profit!”

Imported from Germany.

I twisted the corners of my lips.

“I dare you to buy a concession stand in the United States where I am. Actually, even if you export to Germany and increase the added value by three times, you will have twice the purchase price.

“We don’t kiosk!”

“Well?”

I tilted my head.

“Don’t lie. Did you have any evidence?”

“It’s not me, it’s other brokers! I’m just a good German in my warehouse! I’m just trying to deliver to Germany at a cheap price!”

The German spoke to me like it was really unfair.

I asked the head of the Business Bureau.

“Is it real?”

The director called the investigator who was next to him.

“Hey, dear. Is that German saying correct?”

“Yeah? Yes. Looking through the ledger, it didn’t look like the contract was signed at a high price. If you ask the federal prosecutors, they will tell you more clearly.”

‘It’s a little awkward.’

But it smells strange.

Working on Wall Street, where there is a lot of conspiracy, I get a sense of it, but I have been able to find people who are harmful to me by smell.

This guy has such a strange smell.

‘This strong feeling. No matter how you look at it, there’s something about this bastard.’

I stared at it, but the Germans sat with their eyes wide open and confidently shrugged their shoulders.

As if he was good.

looks like you’re bad

‘Discomfort…’

“ah.”

cog. Yes, there was a ledger.

“Investigator. Could you bring me some books?”

“The ledger? Here it is.”

“Oh thank you. The Ministry of Commerce doesn’t check all the corporations listed in the books, does it?”

“No. We check carefully.”

“Ah… I was wrong.”

Tub.

I accepted the ledger.

And smiled bitterly.

“It was saying that the customer’s stake or the major shareholder would not be checked.”

“…..!!!”

The German opened his eyes to see if he understood what I was saying with his poor English skills.

“I’m good! I’m good! The ledger is clean, but release it immediately! Please release it!”

“That bastard is running rampant! Overwhelm him!!!”

bang-!

The German’s face was smashed into concrete at the hands of the evil investigators.

“Uhhh!!”

The German, who had been detained by the prosecutors for his struggles, trembled at my words.

Like corporations written on a ledger.

The owners of those corporations struggled desperately, making a face that seemed undetectable.

“bingo.”

I opened the ledger.

The corporate names written in German were written in full. But unfortunately I can read German.

“I’ve caught up.”

He squatted down again and made eye contact with the German.

The German complexion turned white in my piercing, perhaps maddening eyes.

“You are a shipping company executive. That’s also a shipping company executive at the center of the Korea International Trade Association.”

“…Ugh! Ugh!”

“But it’s strange. The names of trading companies are full of them, but they’re all trading companies you don’t know. I can’t see the shipping company you work for in the books.”

This is one case.

When an executive of a large shipping company is scouted. If you use the trade network that you have built with your personal network. It’s a personal trade network, so I’m not used to it.

Scout.

who would have hit

“Perhaps the ship behind you guys is not a structure in which the shipping company directly colludes, unlike other shipping companies. Is it a craft that the steel company directly buys and sells at a high price in the domestic market?”

“Ughhh!!!”

“That’s right.”

flutter.

I continued to open the ledger.

“Besides, I’m used to seeing the names of intermediary banks all over the place.”

Darmstadt Industrial Bank.

North German Bank.

They are member banks of the German Settlement Bank.

It’s not that they betrayed them. Most of the companies that originally trade in Germany use these two banks.

If there’s a problem, that’s it.

The fact is that I am the Chairman of the Board of Directors of the German Settlement Bank.

“Vyron.”

“Yes, Master.”

I hardened my face coldly.

“Call the German settlement bank right now and check all the shipping companies through the Darmstadt Industrial Bank and the North German Bank.”

“Can I just look up?”

“I hope. I tell them to pull out all of these shipping companies from the list of creditors to the list of shareholders. If the banks work together, they will pick it up soon. Shipping companies are an industry where banks interfere heavily.”

“…there is a result you want separately.”

Veyron.

know how things are working around.

“Uh, I think we only need to check one of those shareholders’ registers.”

“What can I check for you?”

I shut my mouth for a moment.

The eyes of the people around me were focused on me. The German was trembling with contemplation.

I smiled coldly.

If one individual company could achieve this size, there was only one in Germany.

“Check to see if Krupp is a major shareholder.”

***

“About 50 small and medium-sized trading companies were discovered for selling steel. There are dozens of domestic banks involved. There are also many foreign banks. Especially German.”

upper duty.

Minister Cortellho nervously raised his glasses. The fact that about 50 trading companies were discovered was virtually no less than a large-scale cartel.

As large shipping companies were also involved, large-scale loan funds flowed in through their guarantees.

“It’s a bit of a headache if it’s tied to a guarantee…”

If bound by a guarantee, if one collapsed, the rest could be slaughtered.

Not very good.

It was important for the Ministry of Commerce to take a monopoly, but it was not a very reluctant act to destroy an industry.

“Why are you worried about that?”

The only exception was me.

“All the insolvent bastards will go through bankruptcy proceedings to court rehabilitation, and I’ll take over the rest. The bad guys won’t last long anyway.”

“Are you going to take only the nets?”

“Yes, I work for America, and I think this kind of income is fine.”

“Well, it doesn’t matter since the White House has allowed it, but I have enough money… I’ll do it. Well.”

I chuckled.

The Minister of Commerce rubbed the back of the neck shyly.

“IMM is your father’s company, so you don’t want to join it, do you?”

“No. There is a different reason to acquire a shipping company in the first place. Shipping trust is not my purpose.”

“That’s unfortunate and fortunate. If a monopoly company was created with my own hands, my identity as Minister of Commerce would have been shaken.”

“Haha, that must have been a big deal.”

As I said, my purpose is not a shipping trust.

US Steel was one of the pieces that would vertically integrate a steel monopoly company.

‘The monopoly… right?’

If the export category of the steel industry is created separately, monopoly is certain.

Because US steel exports are going to be swallowed up by my US steel.

“Then we have to take action. The White House gave us the option. In fact, since the president is handling it himself, the Commerce Department has to follow the White House order for the time being.”

“I understand.”

This is natural.

Because they are extremely vulnerable.

A new administration, a watchtower for monopoly, was created. We are not the only monopolies in the US. It was an era when monopoly trusts were prevalent in most industries.

Will those trusts really leave the Commerce Department alone?

The White House did not interfere to control the Commerce Department, but took responsibility for the final decision to protect it.

‘If you have any complaints, come to the White House.’

What kind of madman wants to play solo with a grizzly teddy. He is an extremely strong anti-monopoly character who can show ‘Our Bear Rips Monopoly’ in real-time streaming.

‘It’s nice to see you again.’

If I had been hostile to Roosevelt, I would have been torn into dozens of pieces.

“Anyway, I’d love to hear an option.”

“There are three options. Forced dissolution order. Forced disposition order. Temporary business suspension.”

“Order? Are you going to split it into an executive order?”

“Uh. He said he would issue an executive order based on the antitrust law.”

This novel was posted at https://readwn.com

Oh

I realized.

In the original case, the most ideal form would be to file a lawsuit in the corporate bureau and tear the company apart. Even when Standard Oil was torn from the original history, a lawsuit was filed in the federal court under the leadership of the Ministry of Commerce.

‘But McKinley set a precedent.’

When McKinley heard about splitting Standard Oil, it was after Congress passed all the essential laws that were basically necessary.

‘Even the composition is different from back then. We have an overwhelming advantage.’

At that time, the courts ordered by Standard Oil ordered to dismiss it, but now JP Morgan has an overwhelming advantage.

Roosevelt received enthusiastic support from the people.

The Morgan family, a loser in the American financial industry.

Together, these two issue an executive order, who will stop it?

national enterprise.

Public opinion was overwhelmingly in favor of US Steel.

“This is…awesome.”

With one signature of the president, decades of court battles are omitted at once.

It was easy to understand why the US federal government in the 21st century wanted to split the monopoly through administrative procedures.

“Three options require clarification.”

“First of all, the order for forced dissolution is literally the same. It is to forcibly disband the collusion. Usually, such a large-scale unity force establishes a holding corporation for control. They will forcibly dissolve the corporation.”

It means physically tearing apart a group that shares an interest. If it was Korea, it would be disbanded through the court.

“Another one?”

“The compulsory disposal order is also simple. It is an order to forcibly dispose of the steel stocks they have accumulated. It is not a disposal disposal, but a forced sale to the steel market.”

This is actually a death sentence.

US Steel produces over 15 million tons of steel a year. It will increase exponentially every year from now on, but right now it is 15 million tons.

Shipping companies need a lot of debt to collect this through collusion.

‘If you succeed, you can float it three or four times, so they must have jumped in. But do we have to sell all the steel we have accumulated by paying huge bank debts?’

In terms of stocks, it is the opposite.

It should be bundled at a price much lower than the market price. What you buy for 1,000 won should be sold for less than 700 won.

All the empty space is replaced with debt.

‘It would be ridiculous to owe millions of dollars.’

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Once bankruptcy is confirmed.

A future where large shipping companies pass like dominoes is drawn.

“Temporary business suspension is literally the business suspension of shipping companies.”

“Is this applicable only to overseas shipping companies, excluding the domestic shipping companies I will take over?”

“Of course it is possible.”

Suspension of business by administrative order is common.

Minister Cortellou shrugged and looked at me.

“So what’s your choice?”

“of course.”

I shrugged.

“All three must be Macs.”

look around

you rats

***

Commerce hallway.

I finished my solo session and came out of the minister’s office. Veyron was waiting outside.

“Sir, I just received a reply from the Industrial Bank of Darmstadt and the North German Bank.”

“What did you say?”

“I looked up the shareholder lists of the German shipping companies that tried to collusion, and most of them were invested by steel companies.

German steel companies have also taken action. The collusion was one of the countermeasures against US Steel’s murderous dumping.

It was probably from the German Steel Association (VDEStl).

“What about the German Steel Alliance (VST)?”

“It wasn’t on the list.”

“is it.”

I’m glad.

In such a large-scale collusion, it would take one step at a time, but with this, it seemed that Chairman Thyssen could believe that he was completely on our side. Building trust in this way. I like it.

“This kind of random check. You look familiar.”

“Because it’s good to be certain.”

Veyron was silent as she looked at my casual expression.

“When you get back, call Thyssen.”

“What shall I put?”

“In a few months, the German government will raise tariffs on steel imports, so please import iron ore instead. Let me know that I will deliver it in large quantities and cheaply. If it is simple iron ore, the grace period will be considerable.”

ironstone.

If the steel is clogged, you can replace it with iron ore.

If we dump all manufactured steel, German steel companies will suffer, but iron ore is different.

Therefore, it is judged that it will not impose murderous tariffs on iron ore for the time being.

“Tell Thyssen to start dumping with that.”

German steel harpoon from the inside.

The solid German customs wall cannot be broken from the outside. If so, there was no other way than to use Thyssen Steel Company to destroy the steel industry.

In terms of martial arts, it’s the middle-of-the-road method.

It turns the internal organs into mud.

“With this, the German steel industry is swallowed up.”

My first target was Germany.

especially Krupp.

More specifically, Moltke.

“Vyron, were they on the shareholders’ list too?”

“Yes.”

Veyron handed me the list.

“It also included Krupp.”

This novel was posted at https://readwn.com

Oh

caught

***

Berlin.

Headquarters of the German Society of Steel Industries (VDEStl).

bang-!

“Shit!”

German Steel Industry Association. In short, the German Steel Association was in full swing.

“The trade association is pouring protest calls! The US government has issued an executive order in the name of antitrust law! It’s under the direct control of the White House!”

“Dozens of German shipping companies have already been shut down! Not only steel, but also finished products processed by metal!”

“I will hold the German Steel Association accountable! It seems that exporting through the International Trade Association will be stopped in the future.”

Everything looked good at first.

If an American steel company pours out iron in large quantities at a low price, the strategy of monopolizing distribution in the middle and reselling it at a high price was not bad.

But the opponent was too bad.

“I didn’t know the federal government would cover US steel this far… You think it’s lip service, who really would think the federal government would cover US steel?!”

“I mean! No, the anti-monopoly should be eaten by those US steels. Why do we have to eat them alone!”

The steel companies were in turmoil.

They risked their lives for the future of the steel industry and formed a distribution monopoly with the trade association. It even attracted Berlin banknotes and formed a large pool of funds.

For reference, collusion was legal in the German Empire, and collusion was nothing but life for them.

bang-!

“Why isn’t the head office responding! The head office management doesn’t take any action against this situation? Why doesn’t there even have a response team yet?”

Wow!

The crazed Krupp’s association officer tossed the catches on the desk.

For a month, Krupp headquarters remained silent.

It took two weeks for me to receive a short telegram saying, ‘I grant you permission.’

“You guys?”

“All of our phone calls are out of order. Even if connected, we are in a hurry to report it to the upper level…”

“Damn, you f*cking Prussian Junkers. Do these motherf*ckers have any interest in business! Every day board meetings and committee meetings!

As soon as Krupp was nationalized, Prussian Junkers parachuted into management positions, and it quickly became a public corporation.

In the first place, it was wrong for soldiers to do business.

Krupp grabbed the receiver and screamed.

“Ah, please pick up the phone!!!”

Follow me.

But unfortunately.

Their ordeal has now begun.

“Dunning calls pour in from the Berlin banknote!”

＜ Start cleaning. (2) > end