Chapter 534 – Fraud Against the Public
Top 10 securities companies.
He is the head of Yeouido and one of the most influential figures who dominate Korea’s financial market.
The representatives gathered in one place.
It has to create a solemn scene.
“”…””
The atmosphere is not good.
It’s not really a war of nerves.
It’s literal.
It’s not a very pleasant feeling.
‘Let’s collude again?’
‘If anything happens, I’ll take the first step.’
‘How much is the loss from derivatives?’
It happened several times.
Collusion.
This is to weed out the guy who is like a thorn in my eye.
“Thank you all for attending despite your busy schedule. This is not a place to have a particularly heavy conversation, so please make yourself at home.”
I failed every time.
We lost astronomical losses and opportunity costs.
CW Securities.
Immediate care took precedence over removing the stone that rolled in.
“The seat must be comfortable.”
“It looks like there are some absentees…”
“Hehe, I’m so embarrassed, where can I come out?”
The CEO of a securities company is by no means a boss-like position.
Rather, it is closer to a contract job.
What if I don’t achieve results?
I am responsible.
There are people who have become invisible.
Korean Newspaper− 「Koryo Investment & Securities demands resignation of CEO due to poor performance」
Fact News− “Ants angry at securities firms… Even insurance and deposits will be reduced”
This is the effect of a major upheaval in the rankings of domestic securities firms.
One place was completely pushed out.
Korea Investment & Securities.
It is a prestigious securities firm with over 30 years of history.
The situation is not good recently.
‘I told you not to cut Sangmoo Yoon…’
‘What if I go crazy with office politics and cut off their money lines?’
‘It was worth it.’
Executive Director Seunghyeon Yoon was fired.
The aftermath rolled like an unexpected domino.
Major business was lost.
Talent is also leaking out.
It’s not like a securities company.
“Even if Korea Securities does, why is Chosun Securities not participating?”
“There too…”
“They said the analyst made a mistake and then ate it up.”
Chosun Securities.
It is a securities company that is clearly superior to Korea Investment & Securities.
In terms of ranking alone, the difference was one step.
It has a presence that goes beyond that.
─I moved to a securities firm because of analyst Ganum^^
It was a securities company I had been using for 10 years, and I let it go without any hesitation~
I believed it was a securities company I loved, but I was tricked.
I canceled my insurance in a fit of anger!
└I can guess which securities company it is.
└Chosun Securities haha I made a good purchase this time
└After…, I think I’ll move to CW too
└How did you cancel your insurance?
This is thanks to our subsidiary, insurance company.
Chosun Life Insurance has one of the best reputations in Korea.
Hell Joseon Life Insurance, a fire insurance company, is a national hit product.
The number of users is in the millions.
‘We almost got into big trouble.’
‘I’m glad the aggro is focused in that direction…’
‘Why are you following that guy Prop Ik-jwa so much?’
Sparks flew even to affiliated companies.
P&L and analysts.
This is a small ball launched during a war of words on economic broadcasts.
Gulp!
It wasn’t surprising that they suffered.
Analysts were mobilized to argue for a decline.
Normally, I passed without any trouble.
I didn’t know that the fire would spread out of nowhere.
“That’s why we’re here today. The stock market isn’t what it used to be. It’s definitely changed.”
Number of individual investors.
There aren’t that many.
Stocks are a non-mainstream culture in Korea.
The air current is changing.
Investment is becoming a national topic.
“Deposits have increased a lot these days.”
“There were so many new investors.”
“Even our insiders are talking about stocks these days…”
KOSPI deserves to rise like crazy.
Since you and I both live, we can’t climb.
It was at the center.
CW Securities.
Explosive growth was achieved in a short period of time.
—————————–±
『Domestic Securities Companies−Total Assets』
1. Hyundai Asset Securities− Article 85
2. Korea Investment & Securities− Article 71
3. KD Investment & Securities− 60 trillion
4. MH Investment & Securities− Article 55
5. Ohsung Securities− Article 55
6. CW Securities− Article 45
7. Ant Investment & Securities− Article 44
8. Guhan Financial Investment− 42 trillion
9. Granz Securities− Article 40
10. Chosun Securities− Article 26
±——————————————–
Securities company rankings rose four levels.
The body grew nearly three times in size.
The scale is tens of trillions.
There is no precedent in Yeouido’s 50-year history.
Gulp!
That is an acceptable level of grand prize winning.
The stock market soars at a rapid pace.
What if you hit along from below?
It makes me feel sick to my stomach how much profit I made.
“Do you mean to buy stocks now?”
“Why did we even bother to gather such things together…”
“It can’t be.”
“”?””
That doesn’t mean I’m going to buy stocks.
Even if the stock price rises, it has risen too much.
I think this is the high point?
Organizations also have such concerns.
‘The risk is high. Risk.’
Hyundai Asset Securities.
Yoo Yeon-tak, the CEO of Korea’s No. 1 securities firm, knows this well.
This is the inner thoughts of securities companies.
In one word, it is ‘Gyereuk’.
“It’s a waste to throw it away, and there’s nothing to gain from eating it.”− Romance of the Three Kingdoms Yangsu
This is the current state of the stock market.
It is extremely difficult to make active investments.
The return is small compared to the risk.
But there is no point in doing nothing.
“There are an enormous number of people starting to invest in stocks. It is no exaggeration to say that the enthusiasm of the real estate market has transferred to the stock market.”
“That’s right…”
“It’s definitely an area that can be called madness.”
“Don’t we all have one or two similar memories?”
“”?!!””
Such a situation.
Everyone is reminded that there is one trick.
Even if it is rotten, it is acceptable.
Even if you are old, miserable, and only dream of your own comfort.
‘2007 was really crazy.’
‘Real estate was hot back then.’
‘Latte is the dot-com bubble of 2001~.’
Has a long career.
I have been working for as little as a dozen years or as many as several decades.
I’ve been through a similar situation to now.
I also remember what I did back then.
“No way!”
“That is unlikely.”
“It’s time to take it out again… This is it.”
“I never thought the day would come when I would do it again.”
“No, what is that nonsense!”
These are the dot-com bubble in 2001 and the fund craze in 2007.
The entire nation is crazy about stocks.
It can’t be just a coincidence.
Korea is an extremely conservative country when it comes to stocks.
—————————–±
『Economic entertainment aired from 2006 to 2008』
KB×: 〈Economy Vitamin 〉
MB×: 〈 Economy, let’s play 〉
SB×: 〈Live well〉
±——————————————–
Terrestrial broadcasting took the lead.
General programming channels followed suit and introduced competitive investment programs.
As a result.
It has become a social phenomenon.
You and I both bought the fund.
“With the current level of heat, it’s worth adding firewood.”
“It’s a good idea.”
“Unlike back then, funds are not selling well now…”
There is a full story there.
In 2006, a bubble had already formed in the market.
The market is overheating. What should I do?
Securities companies were more reluctant to buy.
The fund was promoted through a TV program.
For individuals to buy for themselves.
“Do you know what we do if bonds are too risky and don’t sell?” – From the movie The Big Short
In the process, non-performing funds were also sold.
It was something that was not uncommon in the United States at the time.
Create new products by combining failed products.
A similar thing happened in Korea.
“It’s possible to sell funds like that, but people don’t really sell funds these days.”
“I guess I’m sick and tired of being deceived so much.”
“Well…”
Only individuals do not know.
Since it happened in Korea, it was buried.
But the trauma remains.
Individuals’ preference for funds is dropping.
Bringing the flame back to life?
No matter how much of a stock craze there is, it’s not easy.
“If a fastball doesn’t work, why not throw a breaking ball?”
“Hmm…”
“I agree.”
“It seems like the direction has been decided.”
Even if you go to Moro, you can just go to Seoul.
As long as individuals buy stocks.
‘Because the way to make money is strong and powerful.’
Madness.
We will provide firewood so that the people will go crazy over stocks.
The spark has already been lit.
It’s because of the profit and loss balance that makes you grind your teeth so much.
There is no need to confront him.
Wouldn’t it be wiser to use it instead?
“Because he’s a guy who just tells you to buy stocks.”
“You can’t suddenly tell people not to buy stocks.”
“But what if he does something strange again? He’s the type of guy who can do something.”
Public broadcast entertainment.
It is different from economic broadcasting.
The number and pool of viewers is overwhelmingly large.
Its influence is truly nationwide.
Not only the women in the neighborhood but even the kids see it at least once.
‘I don’t know what he’s after.’
What if a bubble is created?
There is nothing bad about securities companies either.
The transaction fee alone is very reasonable.
Of course, there are some concerns.
This is because you can cause an uproar through the speakers called broadcasting.
“It’s not a live broadcast. The broadcasting company doesn’t want any trouble. If anything happens… Everyone has one, right?”
“Heh, heh.”
“I was worried for no reason.”
“It’s been a while since I’ve contacted PD Kim~.”
That’s why we did it in 2006 as well.
Network.
It even has a firm position as a sponsor.
Control is possible
Profit and loss balance adds fuel to the buying sentiment of ants.
‘If only that happens.’
‘I need to boost my stocks according to the broadcast time.’
‘Isn’t this legal stock price manipulation?’
Investment method using it.
There is enough time for it to come up naturally in my mind.
The conclusion is reached unanimously by securities company representatives.
There was bound to be difference of opinion on one thing.
“But who is going to join? Our experts will also have to join. Is there anyone who would like to apply as an analyst?”
“”…””
A bell must be hung around the cat’s neck.
There is no way for a securities firm to exist.
Chosun Securities.
I am in trouble for saying one wrong word to Prop Ik-jwa.
It’s even a public broadcast entertainment show.
The number of viewers and influence are in different units.
The blame may be passed around.
A time when no one could say anything.
“You don’t have to worry about that.”
“”?!””
“It is best to leave the handling of hunting dogs to hunting dogs.”
I had prepared a professional spy.
