Chapter 210 – Episode 210
A day in the life of Kim Jin-su, a low-wage worker.
[Y Coin]
The day begins with access to the Y Coin app.
‘CEO Yoo is a god!!’
He faithfully praised Jinseong every morning.
After graduating from high school, I got a job at a factory and worked for over 10 years.
Invested 80 million won, all of my life-threatening assets, in coins.
Before he knew it, his fortune was approaching 500 million won.
It’s a whopping 5-fold increase!
I happened to come across Representative Yoo’s broadcast.
After listening to CEO Yoo’s advice, I boldly invested in coins.
The result was a huge hit.
‘Thank you, Representative Yoo!! Thank you so much!!’
I expressed my gratitude by pledging to put all my salary into coins this month.
I planned to stay at work for as long as possible.
I haven’t learned anything, and I’m not particularly good at anything.
Even though it is hard and difficult, I will work faithfully at the factory.
“Hehe.”
The world is happy these days. There was a lot of laughter.
Light hearted Even people who were hateful looked pretty.
I was able to tolerate the abuse of my vicious bald boss with generosity.
‘I need to watch the news.’
After confirming the coin, I always accessed Daum and checked the articles.
It’s pleasure.
By reading articles, you can get a rough idea of how the world works.
[Representative Yoo’s dream. Rebuilding the Internet Kingdom with a sense of style?!]
[Meeting of YSP and Daum? Expert: “It will create tremendous synergy.”]
Representative Yoo was splendidly decorating the headline of the article.
‘Omg? ‘Representative Yoo is eating Daeuum?’
Crazy!
Even in the eyes of Kim Jin-su, who only had a short education, it was a huge issue in itself.
‘Should I buy Daum stock?’
It is related to Representative Yoo.
There has never been a time when it wasn’t good to be involved.
Representative Yoo was a genius. Business genius. Investment genius.
I made a lot of money thanks to CEO Yoo.
Representative Yoo’s business is integrated into his daily life.
It was being usefully used by businesses.
I often ordered late-night snacks through the Y delivery app.
I often order necessary items through the Y shopping app.
I comforted my quiet factory life with the YTV app.
I found accommodation under good conditions through the Y Hotel app.
My favorite chicken these days is Halmae Fried Chicken.
I plan to visit YSP Buffet with my parents on the weekend.
‘Should I just buy 100 million won?’
The worries didn’t last long. Coins were sold.
[100,000,000 Won]
Y Coin Exchange aimed for quick sales and quick deposits.
Moreover, the fees are low, and even the security is excellent.
I think I will probably only use Y Coin Exchange for the rest of my life.
I went to the bank for lunch.
Transferred 100 million won to a security account.
[Daum: + 30.0%]
The price limit had already been reached.
‘Go!’
Purchased 100 million won. I boldly pursued it.
[Daum: + 30.0%]
In just one day, 30 million won was copied.
I earned my annual salary in just one day.
‘Why am I going to the factory…?’
I feel like my money sense is broken.
For a moment, I couldn’t help but look like a doll with a missing screw.
[Representative Yoo “Today at 17:00, we will hold an official press conference regarding the acquisition of Daum.”]
[Live broadcast on YTV!]
You can watch the live broadcast while working.
It’s a little disappointing that I can’t watch the live broadcast while eating chicken and beer.
Accessed a stock-related community.
[I trust you, Representative Yoo!!]
[Haha I jumped into Daum and ate 50% haha]
[I want to buy Daum stock, but the seeds are dry]
[This is the 5th period press conference. Main shooting station.]
[ㄴ Haha, it looks like he will announce that he will take over Daum during the official press conference.]
[ㄴ Is this really a final declaration? Haha,]
[N, what kind of nonsense are you talking about? Of course, it’s confirmed. Would you give up?]
[ㄴ Why do you assert that it is confirmed? Haha, it could be a waiver haha]
[ㄴ Go!! I invested all my assets into Daum. Don’t say anything negative.]
[What is the atmosphere here? The acquisition is not confirmed, so why are you so sure that it is confirmed?]
[ㄴ ㄹㅇㅋㅋ If I succeed, I feel like committing suicide if I fail.]
[ㄴ From my perspective, it seems unlikely that Representative Yoo Daum will take over.]
[ㄴ But what happens if Daum is not acquired?]
[ㄴ It’s a piece of cake. Should it plummet even more than it rose?]
A community buzzing with issues related to Representative Yoo.
There was a heated debate over ‘acquisition VS giving up’.
‘Hmm?’
Moment.
Jinsu Kim’s eyebrows narrowed.
‘What? They say they may not take over?’
A situation where the results cannot be confirmed.
The consensus was that although the probability of acquisition was high, there was also the probability of giving up on the acquisition.
‘Let’s just sell it. There is no need to take risks.’
I liquidated it without even looking back.
‘Should I trust Representative Yoo and invest in the United States?’
After much thought, I came to a conclusion.
‘Okay. Diversified investment is the answer.’
Daum stocks were sold. The entire amount was converted to dollars. I will buy US stocks.
‘Which stocks should I buy?’
Suddenly, Representative Yoo’s advice came to mind.
Jurin’s advice is to buy S&P 500 if you are not confident that you will do well in stocks. He said that although the short-term benefit may be small, it is bound to be a large benefit in the long term.
‘Go!’
I have to believe it and stick with it. There was no doubt about faith.
I watched the press conference.
[Our YSP Group currently has no intention to acquire Daum.]
“Gasp!”
[We are planning to establish a new platform ‘Y Portal’.]
“Phew…”
I was really fortunate.
What if Daum stocks were not liquidated?
Ugh…! It’s scary to even imagine! Goosebumps all over my body…!
You have accessed the community.
[Emergency!!! Daum emergency!!! Bisaaaaang!]
Haha
[Daum shareholders are sobbing like dogs haha. Of course, I have a lot of fun haha]
[I ate the maximum amount for two days and quickly ate it right away.]
[I came to eat beef jerky]
[ㅠㅠㅠ What should I do? ㅠㅠㅠ It’s a big deal ㅠㅠㅠ]
It was chaos.
[I put in 100 million won, take only 30% and switch to American stocks?]
Boasting is an essential virtue.
—
A meeting was held.
Jinseong, executives, future strategy office, and IT team executives gathered.
The topic is: take over or give up being.
“It would be a good idea to take over. The synergy between our group and Daum is good.”
“I agree. We have to take it over even at the cost of blood loss.”
“If we acquire Daum, we may be able to compete with Navo.”
The majority was in favor.
In particular, those in charge of the Y app series actively voted in favor.
It was Jiyu’s turn.
“Our Future Strategy Office is also in favor of the Daum acquisition.”
JiU also joined in voting in favor.
However, you have to listen to the Korean language until the end.
“However, there is absolutely no reason to acquire it at a high price.”
The idea was to acquire Daum as cheaply as possible.
“You just have to shake it. If you shake it, you can acquire Daum at a low price.”
All you had to do was shake it until you passed out.
All you had to do was bully the stock price until it fell into the abyss.
“Even if we can’t take over, it’s okay.”
Even if you shake it all up, you may not be able to take it over.
“So I prepared plan A and plan B.”
The Future Strategy Office refused to leave work and held meetings constantly.
After everyone put their heads together, they created Plan A and Plan B.
Plan A explained.
“The CEO just needs to convey our intentions to the media. We will give up the acquisition of Daum. We will build and operate our own independent platform. Furthermore, we will invest an astronomical amount of money.”
The core of Plan A was to declare that we would create a portal site.
“If we declare that we will enter the market, Daum is bound to be shaken. The emergence of a prominent competitor is bound to cause despair for a dinosaur stumbling in a swamp of deficit.”
There are quite a few companies wishing to acquire Daum.
However, the story will be different if YSP Group enters the portal industry and invests aggressively.
Next, Plan B was explained.
“What if we can’t acquire Daum? Plan B. We can create a platform. We can create and grow our own portal site.”
“Hmm… Creating your own portal site…? It’s a good challenge, but wouldn’t it be difficult to succeed in reality?”
The portal site industry has already become entrenched for a long time.
It is virtually impossible for a new portal site to beat an existing powerhouse.
Stealing the opponent’s possession was like hitting a rock with an egg.
“It’s difficult. But, although it’s difficult, there’s nothing you can’t do. If you plan your strategy well, you can succeed.”
I quietly listened to the explanation.
“So that people have no choice but to use our portal site. All we have to do is provide sweet benefits.”
Sweet merit.
It meant great content.
“If you link the portal site and the Y App series, the inflow problem will be solved. If you utilize the big data of the Y App series, the search engine problem will also be solved. If you constantly provide sweet benefits, you can hold back customers.”
—
An official press conference was held.
“We are planning to establish a new platform ‘Y Portal’. Details will be announced later. However, one thing is certain: we plan to invest more than 1 trillion won in the portal business.”
I confidently stated my intentions.
“How do you plan to raise funds?”
“I plan to cover it with my own expenses.”
“Are you willing to take over Daum?”
“I am willing to take over if the conditions are right, but I think it will be difficult.”
“Do you plan to acquire it if the conditions are right?”
“If the conditions are right.”
“What are the benefits to YSP Group by opening the Y Portal?”
“The possibilities are endless. Expansion into various business areas becomes easy.”
We exchanged Zen questions for over an hour.
—
[Daum. Big drop for 3 days in a row!]
Daum stock fell even more than it had soared.
There were three main reasons for the plunge.
1. Disappointment.
YSP Group’s declaration of abandonment of the acquisition led to a sharp decline.
2. Bad news.
The current situation of Daum is not good.
The gap with Naver, ranked first, was widening.
Below, the gap with Googol in third place was narrowing.
It was on the verge of falling from 2nd to 3rd place.
What if YSP Group also enters the portal business?
What if YSP Group invests more than 1 trillion won in the portal business?
It was bound to be a negative factor for Daum, its competitor.
Shareholders judged Daum’s future to be uncertain.
The ants were so surprised that they threw their stocks.
Of course, the quick-witted person held the Daum stock tightly in his hand and did not let go.
3. Sell
Sell calls flooded.
There were few people buying but many selling, leading to slump after slump.
The stock price has fallen to the point where it seems excessive.
“CEO. I have received a call from Daum.”
“Pretend you can’t win and take over.”
“Yes. I will proceed right away.”
The plan was to acquire it as cheaply as possible.
Target share is more than 50.1%.
—
Daum now holds a 50.1% stake.
1.6 trillion won was spent.
‘I bought it cheaply.’
I swallowed a dinosaur in my stomach.
‘But.’
But I couldn’t just be happy.
Daum was in crisis.
