Chapter 880 - Presidential Candidate’s Little Brother (3) – Part 1
Chapter 880: Presidential Candidate’s Little Brother (3) – Part 1
The next day, once again, Dyeon Korea’s stock price increased by about 10%. After the price increased two days in a row, Dyeon Korea’s stock price reached 7,800 won per share.
SH Investment Partners’ President Geun-Soo Son thought that the recent increase in the price of Dyeon Korea’s stock was strange, so the fact was, that Gun-Ho insisted on not selling the stock yet.
“I guess that I underestimated the person— Gun-Ho Goo. As the branch manager of Gangnam Stock Brokerage Company told me, President Goo is probably a big player whose wealth or power I can’t even assess.”
When President Geun-Soo Son was thinking about it, he received a call from the branch manager of Gangnam Stock Brokerage Company.
“President Son, how do you like your new work?”
“It’s okay. I don’t do anything special or particularly interesting here. I just buy a specific stock that President Goo picks, and sell a specific stock that is also selected by President Goo.”
“Did you buy some of Dyeon Korea’s stock as well? Its price is steadily going up these days.”
“I can’t tell you that because of the confidentiality problem and stuff due to the nature of my work.”
“I understand that. It’s my bad asking you about it. By the way, do you have any idea why Dyeon Korea’s stock price keeps increasing these days?”
“I was thinking that maybe there is some good news with its business which I don’t know.”
“I can give you a hint about it. Do you want to hear why Dyeon Korea’s stock price is going up lately?”
“Well, I don’t know…”
“Dyeon Korea’s stock will soon be included as a stock that is influenced by politics. It will actually become a theme stock of Jin-Woo Lee.”
“Is that right? Is that what you hear from the people in the Yeouido stock street?”
“So, you didn’t know about it, huh? When President Gun-Ho Goo married, Party Leader Jin-Woo Lee was the one who presided over his wedding.”
“Really?”
President Geun-Soo Son felt like getting hit by a hammer or something. It was a strong feeling of realization as an epiphany.
‘That was it. That was why President Goo adamantly kept insisting on not selling Dyeon Korea’s stock. I’d better restrain giving my opinions to President Goo from now on. I will just accept and do things that President Goo asks me to do.’
President Geun-Soo Son felt a bit gloomy after getting off the phone with Gangnam Stock Brokerage Company’s branch manager. He had worked in a bank handling financial matters, even to the international business level sometimes. He was an excellent analyzer with client businesses. There was a reason why a person like him couldn’t make money by investing in the stock market.
‘The stock market is a playground for people like Gun-Ho Goo who can manipulate the stock market or read other people’s manipulation. There is no way that an ordinary man like me makes money in the stock market. I’m not loaded with a massive amount of cash or information which only a limited number of people have access to. Look at Gun-Ho Goo. He will use a grapeshot if he doesn’t have a bullet. No one will win over him in a battlefield.’
President Geun-Soo Son just sat at his desk and spent his day reading a webtoon or web novel.
The next day, Dyeon Korea’s stock price hit the upper limit. Its price per share was exceeding 10,000 won. It had been increasing two days in a row by 10% per day, and it finally hit the upper limit. Those people, who had access to the information, bought the stock when the price increased by 10% without an apparent reason for the first time in the past few days. And, some people without information also purchased the stock when they noticed that the trading volume increased; these were the lucky ones. Hitting the upper limit that day was a clear signal flare telling that Dyeon Korea’s stock was a theme stock of Jin-Woo Lee.
Every single of the stock discussion forums was talking about Dyeon Korea’s stock.
“Those who have no idea what is going on, I will tell you what’s going on. When Gun-Ho Goo married years ago, Party Leader Jin-Woo Lee presided over his wedding. You didn’t know that, huh? You morons.”
“Haha. I don’t know what to say to the people who sold their Dyeon Korea’s stock yesterday.”
“Hey, I purchased 10,000 Dyeon Korea’s stock today.”
“Is it true that Party Leader Jin-Woo Lee took the same class as Gun-Ho Goo at the Advanced Center for Administrative Development at Seoul National University? That is the rumor that I heard, coming from the Yeouido stock street.”
“Guys, I just received a text message from my stock investment club. They said that we should buy Dyeon Korea’s stock as many as we can.”
“Wow. 3 million shares are needed to satisfy the current buy requests.”
“Oh, fu*k! I sold my stock yesterday, and its price hit the upper limit today!”
Gun-Ho grinned as he was reading the stock discussion forum.
At the same time, SH Investment Partners’ President Geun-Soo Son was also reading the same stock discussion forum in his office. And, he was having goosebumps, instead of a smile.
“The current buy requests in total for Dyeon Korea’s stock is 3 million. Even if I assume that there are some requests that have no intention to buy it at all, the stock price will hit the upper limit again tomorrow. How much money President Goo would make from this? If he sells his stock now, he will make more than 20 billion won.”
President Geun-Soo Son felt dejected.
Gun-Ho called for Secretary Yeon-Soo Oh, because he suddenly felt a craving for a cup of coffee.
“Please bring me a cup of coffee.”
“Sir, you just had your coffee. Would you like to have a cup of Longjing tea instead?”
“No. I want to have a coffee with a double shot, please.”
Gun-Ho leaned back on the sofa and enjoyed his coffee.
“President Geun-Soo Son didn’t call me today even with all these new updates with Dyeon Korea’s stock. That tells me that he now knows that Dyeon Korea’s stock became a theme stock.”
The next day, Dyeon Korea’s stock price hit the upper limit again. It was well expected by looking at the buy requests that were not fulfilled yesterday. As Dyeon Korea’s stock price rose steeply, KOSDAQ Market Division of Korea Exchange issued a trading warning on Dyeon Korea’s stock.
Gun-Ho was reading a morning economic newspaper meticulously, that Secretary Yeon-Soo Oh brought to him. A news article about Dyeon Korea caught his eyes.
[Dyeon Korea’s stock hit the upper limit. As the fact that Dyeon Korea’s president Gun-Ho Goo’s (38 years old) wedding was presided by the leader of Gongmyeong Party— Jin-Woo Lee— was known to the public, the price of the stock skyrocketed.
Dyeon Korea’s President Gun-Ho Goo and Party Leader Jin-Woo Lee used to take classes together at the Advanced Center for Administrative Development at Seoul National University as well.]
Gun-Ho received a call from SH Investment Partners’ President Geun-Soo Son later that day.
“Sir, congratulations on the stock hitting the upper limit two days in a row. I kept insisting on selling the stock without realizing that it was a theme stock. I’m calling today to ask you about what you want me to do with the stock tomorrow. I think that those current buy requests will diminish, and people will start selling their stock to make profits.”
“I will keep the stock.”
“Understood, sir. A trading warning was issued by KOSDAQ Market Division today. With this warning, it will take about two or three days before the price goes up again.”
Gun-Ho asked a question to President Geun-Soo Son, “Do you happen to know about a company called Winnova?”
“Of course, sir. That company’s stock was classified as Jae-In Moon’s theme stock before.”
“Winnova’s stock was one of Jae-In Moon’s theme stocks, and when its price increased too high in April 2015, it received a trading warning from KOSDAQ Market Division.”
“I am aware of it, sir. I bought that specific stock myself at that time.”
“I believe that the trading warning lasted for ten days. Do you remember what happened to that stock after ten days?”
“Yes, sir. Its price skyrocketed again and hit the upper limit as soon as the trading warning was lifted. A theme stock tends to go on until the source that made the stock as a theme stock in the first place depletes.”
“I see. Well, in that case, I will keep my Dyeon Korea’s stock for a while.”