I Became a Scoundrel of a Chaebol Family-Chapter 84

"Good morning, viewers. Real Production, which we reported on yesterday, has started this morning on a grim note with an immediate 10% drop at the opening bell."

There was no mercy.

After plummeting 61% yesterday, Real Production opened today with another drop of -10%.

All available stock was dumped onto the market, and every financial news outlet was saturated with this topic throughout the day. Some even aired special segments on it, which shows just how destructive this event was.

‘Despite my selling off 2.8 trillion won and shorting an additional 14 trillion, the stock kept rising. So, the total capital invested in it must be...’

The scale is truly unimaginable.

Even worse, the majority of the funds invested here were from fleeing capital. As I exposed the entertainment industry's bribery scandals, the stocks of agencies dropped sharply, and the money that had poured into the entertainment sector moved over to Real Production.

But now, that same Real Production is in freefall.

People who fled to Real Production, unable to withstand the crumbling entertainment sector, are now getting hit twice as hard.

“Here, sign it.”

"..."

Unbothered, I kept going about my business. I went straight ahead with the plan I thought up last Saturday.

“M-my company...”

Emilia held back tears as she signed.

The acquisition contract for Rainbow Miracle.

After paying a substantial amount to take full ownership of Rainbow Miracle from her, I’ll appoint her as both the CEO of Rainbow Miracle and Vice President of Go-Ryeo Entertainment.

If you think about it, she’s gaining both money and position, so why does she look so heartbroken? It’s absurd.

“Hey, I’m giving you 50 billion won, so what’s the problem? You know your company’s not worth that much. I’m adding that extra value because you’re part of my Jojob, and you’re still going to work anyway.”

“Ugh... still, people have emotional attachments...”

Even as she whimpered, Emilia stamped the seal, finalizing the deal.

This was the first step toward Rainbow Miracle becoming my property—or rather, the property of Go-Ryeo Entertainment.

It’ll take a few more months to go through the formalities to complete the process, but the hardest part was done. We had reached mutual agreement, which meant the deal was more than halfway done.

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After all, reaching an agreement is usually the toughest part.

I signed and stamped my own seal as well, then took Emilia to the CEO’s office and stamped her womb as well, for the first time in a while.

To increase my stamina stat, I need to keep having sex consistently. I need to be ready to go at any moment.

After finishing up at Rainbow Miracle, I went to Ganghwa to scout for a building to use as the PMC office.

“Should I build a group headquarters-style building?”

“That wouldn’t be a bad idea. After all, you already have—or will soon have—five companies, Master.”

Go-Ryeo Entertainment, Muyeol Finance, the as-yet-unnamed PMC, Rainbow Miracle, and if we consider the corporation to operate and manage the prison, that makes five.

“Also, you’re planning to acquire the artificial island, right? If you operate it as an individual, you’ll face high taxes and strict regulations, so eventually, you’ll need to operate it through a corporation.”

“Ugh, regulations.”

“Well, it’s a massive asset, after all...”

“So, with that, it would be six companies?”

“You could have Go-Ryeo Entertainment own it, or you could tie it to the prison management side, since you’ll mostly be operating a prison there anyway.”

“Then I should prepare that in advance?”

“Well, there’s no need to rush since the transfer of ownership will take some time. When you draw up the land acquisition plan and prison construction plan, you can include the artificial island and apply for the Special Correctional Business approval, which will allow you to establish a special correctional corporation. By then, the ownership should be transferred, so you can register it as a correctional corporation then.”

“Too complicated—just handle it yourself.”

I left it to Soo-ah and wandered around the so-called "holy site" of K-Entertainment.

Each towering building was showing off its own grandeur, though it felt strangely desolate, as if they weren’t in good shape. The people wandering around looked as if they’d lost all hope.

“There must be plenty of buildings for sale, right?”

“Most likely.”

“Building something new would take too long, so let’s go with purchasing. Get buildings for Go-Ryeo Entertainment, Rainbow Miracle, and the PMC.”

“Yes.”

Naturally, the prison management corporation will be based on the artificial island, and for the investment corporation, I’ll negotiate with the city to place it in a region that maximizes tax benefits.

Although Ganghwa is an economic special zone with various benefits, the substantial taxes it incurs make it less ideal for an investment corporation that will handle tens of trillions in funds.

‘If they’re planning to redevelop places like Namdong Industrial Complex... I could potentially bring in zero tax rates and other benefits.’

Namdong Industrial Complex, a cesspool of low-life scum. The worst slum that even the term "crime-ridden area" doesn’t fully cover.

If I were to raze it and construct buildings for my investment corporation and other businesses, then form commercial districts around it, I could potentially pull in substantial benefits.

I considered this when deciding where to build the prison, but now I think it might be worth doing for the investment corporation as well. Soon, Baek Seol will receive custom armament, and I’ll be hiring mercenaries in large numbers.

“Soo-ah, is Namdong Industrial Complex in Yeonsu-gu?”

“No, it’s in Namdong-gu.”

“Think we could set up the investment corporation headquarters there with a 0% corporate tax rate?”

“Well... it would depend on negotiations, but if you’re redeveloping an abandoned area, it might be possible—provided you can drive out all the gangs.”

“I’d like to arrange for zero corporate tax and construction subsidies.”

“Wouldn’t it be wise to start by buying the land, then? If your plans go through, the land prices will surge, and acquiring it later could be a hassle.”

Good point.

“How much would it cost to buy all that land?”

“One moment.”

Soo-ah tapped away on her device.

“If we calculate it at 100,000 won per square meter, it would come to about 280 billion won.”

“...Isn’t that too expensive for abandoned land?”

“Given that the land isn’t usable as it is, there’s a good chance it could sell for a few thousand won or maybe 10,000 won per square meter if we negotiate well. If you’re committed to developing the area, it might be a worthy investment.”

“Hmm.”

If I could secure an entire industrial area for 280 billion won, it would indeed be a steal.

After all...

‘Let’s think positively. I need a ground base anyway. Besides, property values don’t stay still. If it’s 280 billion at 100,000 won per square meter, if I raise it to 1,000,000 won, that would make it worth 28 trillion.’

And it’s not even certain that it will cost 280 billion to acquire the land.

‘I’ll continue growing my businesses anyway, and there’s no reason they’ll fail anytime soon. Once I hire employees, I’ll build homes, stores, and all necessary facilities for them...’

In the end, there’s only one conclusion.

If I can wipe out the surplus gangs in Namdong Industrial Complex, it’s a surefire win.

“Alright. Start buying up the land slowly, without drawing attention.”

“Yes, Master.”

Purchase all land in Namdong Industrial Complex.Negotiate with Namdong-gu for maximum benefits.Eliminate all gangs in Namdong Industrial Complex.Begin development.Thus, the Four-Phase Plan for Namdong Industrial Complex development was set. I’ll work on a more detailed blueprint later, but it looks like a solid concept.

“That’s that, then. Now, we need to purchase buildings too.”

I continued with Soo-ah, checking out properties in Ganghwa city. If I found something worth the price, I’d purchase it and possibly put it up for lease.

+++

After completing the Ganghwa tour, I returned to the Go-Ryeo Entertainment office. It was already late in the evening.

I checked the news.

“Real Production’s stock closed at 34,900 won today, a 75% drop from the previous day. It’s been a long time since we’ve seen a 90% decline in two days—”“It really melted, like ice cream.”

Yesterday, I received a recall notice to return the shares within two business days, but in just a day, the stock had dropped another 75%, leaving me with a 90% profit.

And if it continues tomorrow?

If it drops another 70% tomorrow, the stock will fall to one-thirtieth of its original price. This means I’ll secure 96% of the 14 trillion I shorted.

‘Please let it happen.’

I feel sorry for the investors, but my money matters more.

And the next day, October 22nd, Thursday.

Around 1 p.m., two hours before the market closed, Real Production’s stock was down to 8,000 won, a 77% drop from the previous day.

“It’s back to its original price.”

“Yes, and it’ll likely drop even more.”

The disappearance of the Real Production CEO was a significant factor. Rumors of an exit scam started spreading, and even bounties were placed on him.

This followed the original story.

The only difference might be that, in the original, the CEO pocketed most of the profit, while here, I drained 14 trillion myself. The Real Production CEO probably didn’t get much at all.

“This should be enough. Return the stocks.”

“Yes.”

The stock prices rose slightly during the buyback, but it was a minor fluctuation.

Before the market closed, Soo-ah returned all borrowed stocks, and the Go-Ryeo Entertainment account reflected a short-sale profit of approximately 13.5 trillion won, bringing the balance to around 16.2 trillion won.