Chapter 881 - Presidential Candidate’s Little Brother (3) – Part 2
Chapter 881: Presidential Candidate’s Little Brother (3) – Part 2
Gun-Ho continued to talk to SH Investment Partners’ President Geun-Soo Son, “In investing in the stock market, if you don’t know the other player’s cards, but if you still want to invest in it, you’d better buy blue-chip stocks and keep them for a long-term. A theme stock that is influenced by politics is not a good stock to invest in.”
“I agree with you on that, sir.”
“Winnova Company, which was known to be Jae-In Moon’s theme stock, didn’t have financial stability at that time. It was actually in a very bad financial situation.”
“I believe that Winnova Company was eventually delisted.”
“That company was an OEM cosmetic manufacturing company. The company was suffering severe capital impairment at that time. The company had nothing to do with the then-presidential-candidate— President Jae-In Moon— but the stock manipulators took advantage of it to make money.”
“I suppose so.”
Gun-Ho continued, “The company was eventually delisted as you know. The reason why I have purchased Dyeon Korea’s stock is to protect it from those malicious stock manipulators. It is true that Party Leader Jin-Woo Lee officiated my wedding years ago; however, his political activities or views have nothing to do with Dyeon Korea’s business. Dyeon Korea takes no part in the government’s business or projects, and we are not receiving any benefits from the government either.”
“Those stock manipulators are just using people’s psychological state to make money.”
“I want you— President Son— to enjoy your days in your office by reading books or having delicious food for a while.”
“Haha. Understood, sir.”
As President Son predicted, Dyeon Korea’s stock price was on a downward the following day. In the morning, a red light was shown as if the price would go up again for a while, and then it began decreasing in the afternoon. Those same investors, who had known the decisive information in advance about the price increase, seemed to be selling their stock at this time.
“The people who are selling their stock now already experienced the upper limit twice for the past two days. They will at least make money 60%.”
Gun-Ho looked at the trading volume.
“Someone purchased a significant number of Dyeon Korea’s stock at 6,000 won, but I don’t see that many stock available in the stock market yet. I guess whoever it is, he is still holding the stock, hoping that the price will go up higher. I’m pretty sure that he is not an amateur.”
Gun-Ho received a call from SH Investment Partners’ President Geun-Soo Son.
“As you said, sir, the stock price will seemingly go up further in the near future. I don’t see enough stock available in the stock market yet.”
“Hmm, really?”
“There was a large purchase made at 6,000 won by someone, but I don’t see that many shares available to trade in the stock market yet. I would say that person is still holding the stock, and he will probably sell his when we see another dramatic price increase.”
“That’s possible if we don’t see those number of shares in the stock market as you said.”
After getting off the phone with President Geun-Soo Son, Gun-Ho thought about it.
‘When are we going to see another price increase? Director Hyeong-Woo Lee could be the stimulant to push the next price increase of Dyeon Korea’s stock. During the previous public announcement, we included news about his joining in Dyeon Korea. I’m sure that stock manipulators will soon dig in about him.”
Speaking of which, Gun-Ho received a call from Director Hyeong-Woo Lee, who was in Guangdong Province, China.
“Sir, it’s me, Senior Director Hyeong-Woo, Lee.”
“Are you in Dongguan City right now?”
“Yes, sir. I’m visiting development zones here in search of a good factory.”
Dongguan City was an industrial city situated next to Guangzhou City which was the capital of Guangdong Province. As an industrial city, there were numerous factories there. It was like Asan City next to Seoul City in Korea.
“Have you found any good one?”
“I’ve found three good factories, and I’m comparing them to select the right one for us. I’ve seen several factories which came out to the market for sale due to going out of business. Most of them were in the exporting business. Since we are a chemical company, I’m looking for a factory that has good power capacity with already-installed overhead cranes.”
“Of course. Those features are essential for our business.”
“If I find a good one, I will take a picture of it and send it to you right away, sir.”
“Sounds good.”
Three days passed by. It was already after mid-November. Dyeon Korea’s stock had been quiet for the past three days, and its price started fluctuating again that day. On the fifth day, the price hit the upper limit again.
[Party Leader Jin-Woo Lee’s little brother is working in Dyeon Korea as a senior director.]
It turned out that this fact was very effective in increasing Dyeon Korea’s stock price. The next day, Dyeon Korea’s stock price hit the upper limit once again, and the price exceeded 20,000 won. Gun-Ho quickly did his math.
“The total number of shares issued so far is 2,600. Assuming the unit share price is 20,000 won, Dyeon Korea’s market capitalization is 520 billion won. If Dyeon Korea’s stock is really the major theme stock of Party Leader Jin-Woo Lee, the price will go up even higher.”
SH Investment Partners’ President Geun-Soo Son was watching the news about Party Leader Jin-Woo Lee’s little brother working for Dyeon Korea in a senior director position.
‘Oh, my. This was it. Dyeon Korea’s stock price increase is Gun-Ho Goo’s planned work.’
Even though President Geun-Soo Son would make money by this, he felt scared rather than blindly happy.
Gun-Ho felt like he would soon have to sell his stock. He was thinking that news reporters would soon show up in Dyeon Korea to ask questions about Party Leader Jin-Woo Lee’s little brother, if he actually was working for Dyeon Korea. Gun-Ho gave a call to Dyeon Korea’s internal auditor.
“It’s Gun-Ho Goo. We are receiving a lot of calls for the matters related to our company stock, aren’t we?”
“We do receive a lot of calls lately. But, most of them are not from investors, but actually from the media like newspaper publishers. They all want to talk with you, sir. So, we told them that you are on a business trip right now.”
“Good.”
“What are we going to do if they actually visit our company, sir?”
“I will go to work there starting tomorrow.”
“A lot of news reporters are asking if Mr. Hyeong-Woo Lee is really the little brother of Party Leader Jin-Woo Lee, and also asking about his job title with Dyeon Korea and the location where he actually works. They are aggressive and persistent in asking questions about him.”
“Really?”
“We always tell them that we don’t know.”
“That’s good.”
Dyeon Korea’s staff who was in charge of the company stock was receiving numerous calls per day, asking about Director Hyeong-Woo Lee. And, she always told them that she had no idea and that only the president would know about it. And, she also told them the president was on a business trip and would come back the next day.
Despite the trading warning issued by KOSDAQ Market Division, Dyeon Korea’s stock hit the upper limit in price again. Newspapers continuously talked about Dyeon Korea accordingly.
[Dyeon Korea’s stock price again hit its upper limit day after day. As the rising presidential candidate’s— Party Leader Jin-Woo Lee— little brother was known to be working for Dyeon Korea as its senior director, Dyeon Korea’s stock price increased again and eventually hit the upper limit. Dyeon Korea is a joint venture company partnered by the American multinational company— Lymondell Dyeon— and the Korean company— GH Mobile. It is a mid-sized company that is anticipating making an annual sales revenue of 100 billion won this year.]
On the way to Dyeon Korea in Asan City, Gun-Ho made a call to the internal auditor, in his car.
“If newspaper reporters visit Dyeon Korea today, please show them to our meeting room and serve them with some tea. I can’t meet with them individually one after another, so tell them that I will meet with all of them at once at 11 am.”
“Yes, sir.”