Chapter 45: Past Life Returner Chapter 45 \nChapter 45\n
It was quiet in May of 1998, and so I heard Jamie sharpen her pencil quite loudly. She reported on the purchase of commercial buildings, factories, construction companies, apartments, hotels, and resorts while ticking each item off with her pencil. Jeonil Investment was buying bargain basement properties from large corporations, and the number we had purchased was beyond belief.
âWhile our current profit is only rent, we are certain that this country will repay the IMF loans, and the properties weâve accumulated so far will give Ethanâs clients astronomical profits.â
She would want Korea to overcome the IMF like no one else, as she had gained the authority to shake a country in the political and financial fields at a young age. She now realized the power Daehoo had in Korea after buying the group, and it was natural she would not want to give it up.
Also, it looked like she thought that having a private relationship with me would be beneficial, as her outfits became more daring each time we met. I could not avoid seeing her thighs and bosom whenever she reported, and she âaccidentallyâ touched my legs as she crossed her own.
Jamie pretended to demurely avoid my gaze when I looked at her, and she would be thinking it would be almost too easy to allure a young Asian man acting as a proxy. I just laughed silently.
âThe group account should be quite empty. Am I wrong?â
Jamie seemed to have waited for me to say the words.
âOur competitors think that weâre giving up some items. You are right, the piggy bank is quite empty. We can only stare at some desirable items.â
âWhat do you want the most?â
âThis country is offering us a sale at prices that will never come again. Golden opportunities are everywhere you look. How can one pick the best? However, if it is truly necessaryâŠâ
Jamieâs eyes were filled with a strange glint.
âI want to buy the Ilsung Electronics semiconductor business, Sia Motors, and Daehyeon Motors. While I want to buy the Ilsung group, Sia group and Daehyeon, those three divisions are the minimum.â
âWho are you consulting with?â
âThe East Asia Finance Research Institute. They are trustworthy. Iâm planning to buy a consulting companyâŠis there a problem?â
I did not and shook my head. Jamie continued to speak.
âThe consultants chose Ilsung Electronics semiconductor as having a high possibility of success and estimated that Daehyeonâs semiconductor business would fail and damage the Daehyeon group to the core.â
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âYou seemed to have studied hard. Howâs work?â
âThis country is paradise.â
Jaimie also presented a proposal that Daehoo Motors, Daehyeon Motors, and Sia Motors could be merged together.
âYouâve already contacted the three groups. What was the result?â\n
Jamieâs greedy eyes looked down, which told me the answer, and she seemed to have failed even after some effort. It was inevitable.
âThereâs no way to get the core businesses. Ilsung and Daehyeon have twisted management share systems, and my accounting consultants all start by shaking their heads when talking about the two groups. It cannot be helped. Ethan, how interested are your clients in the Korean market?â
She was proposing to shake Ilsung and Daehyeon like we had Daehoo.
âI know what youâre thinking, but delay it for now.â
âThis chance will not come again. Canât you persuade your clients? They will regret missing this opportunity after Korea overcomes its IMF crisis.â âTheyâve already invested 25 billion dollars.â
âI need 25 more.â
She was saying that too easily.
ââŠâŠâ
âYou know that the limits on foreign stock shareholders have been removed.â
âThatâs why youâre after Daehyeon and Ilsung? Jamie, this country will not allow Daehyeon, Ilsung, and Daehoo to merge into one group, and we will be attacked from everywhere when they see us try. Theyâre already using public funds to bail out Daehyeon and Ilsung.â
âThis is the IMF, Ethan.â
âYes, this is the damn IMF crisis. Do I need to explain again?â
ââŠâŠâ
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âMerging three groups will be a greater threat than the IMF for this country, not only for the government but for the chaebols. All three owned by a foreign firm will be even more serious. Donât you think thatâs too much?â (EN: A chaebol is a large industrial conglomerate that is run and controlled by an owner or family in South Korea. A chaebol often consists of many diversified affiliates, controlled by an owner whose power over the group often exceeds legal authority. )
âIâm confused. Are you speaking for your clients?â
âI mean that we have to maintain our current relationship with the government.â
While Jamie would think that our efforts crumbled Daehoo, that was wrong. I had just sped things up, and the conditions that led to Daehooâs ruin had already been there. In Korea, groups like Daehoo could not be attacked unless they fell by themselves, since the chaebols would unify under an external threat.
âYouâre saying the same thing as our directors, and if you also say it, that means Iâm wrong. Iâll modify my plans.â
âThe real estate purchases are as expected. Thatâs good.â\nâIâm just disappointed that I cannot eat everything thatâs on the table because Iâm too full.â
âYou will be able to digest them around September.â
Jamieâs face brightened.
âAre the investors planning on additional funds?â âI would need to persuade them first.â
Jamie was saying with her face that I should have mentioned I was going to do that in the first place.
âItâs right that you feel rushed and greedy if you are certain that this country will overcome the IMF Crisis. I agree and am going to persuade my clients on that point.â
While the dollar ruled Korea for now, things would change after the IMF. The chaebols would again take charge instead of the dollar.
âWhile I refused before due to realistic reasons, the chaebols in this country would be the most delicious dishes.â
Jamie strongly nodded her head.
âHowever, letâs not hurry. This countryâs financial crisis is just beginning, and they need to stew a little more. How much do we have left?â
âAbout a billion dollars.â
Jamie took a summary and handed it to me. She had used ten billion to buy Daehoo, and fourteen billion to buy real estate.
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âHave you talked with the government about the delay in restructuring Daehoo?â
âIt was done on a condition that things will not start until April. Instead, the 25 billion dollars has beenâŠâ
Jamie did not continue, as she could not find a way to put into âsocially acceptableâ terms how Korea had laundered 25 billion dollars for us.
âThe delay is enough for the money laundering fees, and that much was necessary to make sure there will be no future issues.â
âEthan!â
Jamie jumped and rolled her eyes. It seemed she was still unused to my bluntness. This was perfect timing, as both the ruling party and the opposition party were complicit in laundering the funds for me.
âJaime, this countryâs government is the one with the weakness, not us.â
\nâYes?â
âNothing. Have a good night.â
***
I called Jonathan after Jamie left, and he answered like he had just woken up.\nTime for Jonathan to turn on the computer and check the mailbox passed, and I heard Jonathanâs surprised voice from the phone.\nEdited by Userunfriendly