Chapter 97 New Asia Capital



According to the company's articles of association, Mr. Li Yizhi's resignation will take effect when the resignation report is delivered to the company's board of directors. The company's board of directors expresses its sincere gratitude to Mr. Li Yizhi for his diligent work during his tenure!

At the same time, the Board of Directors of Eshan Group appointed Mr. Song Yi as the Executive Director of Eshan Group, appointed Mr. Li Bingkui as the President of Eshan Group, and elected Mr. Li Bingkui as the new Director of Eshan Group.

As the Eshan Group is a listed company, personnel changes of senior executives need to be announced in a timely manner. As soon as the announcement was released, shareholders who are familiar with the Eshan Group knew that the Eshan Group’s economic policy towards North Korea would undergo major changes.

Within the Eshan Group, Zheng Enxuan, Li Yizhi and Song Yi have clear division of labor. Zheng Enxuan is mainly responsible for the two subsidiaries, Eshan Elevator and Eshan Merchant Marine. Li Yizhi is responsible for Eshan Group and Eshan Construction, and Song Yi is responsible for Eshan Electronics.

To be precise, Li Yizhi is the specific executor of the Asan Group's North Korea-ROK economic cooperation project, and is also the person in charge of the Kaesong Industrial Park and Mount Kumgang tourism projects.

Zheng Enxuan advocated shutting down the Kaesong Industrial Park and Mount Kumgang Tourist Area projects and stopping additional funding to prevent the Asan Group from being dragged down by these two money-eating beasts.

In order to fulfill Zhou Zhengyong's last wish, Zhou Mengxian advocated taking out a bank loan to continue the construction of the Mount Kumgang Tourist Area and the Kaesong Industrial Park. Once these two projects are fully completed, they will generate 1 trillion won in profits for the Eshan Group every year.

Now that Zhou Mengxian is in prison and Li Yiji has left the company, it means that the old people who supported Zhou Mengxian are gradually marginalized in Eshan Group, and the power struggle between Zheng Enxuan and Li Yiji has been decided.

Asan Group will inevitably reduce its economic cooperation with North Korea and gradually shut down the Kaesong Industrial Park and Kumgang Tourism Zone projects. The loss of Asan Group in the fourth quarter will definitely decrease. Therefore, Lee Yi-ji's resignation is good news, and Asan Group's stock price has seen a slight increase.

On October 9, New Asia Capital Fund announced that Li Yizhi would be the first president, reporting directly to Song Yi. As a local VC in Seoul, New Asia Capital's fundraising goal this year is US$1 billion.

Currently, the largest VC institution in South Korea is KTB Investment Group, which is the most well-known investment institution in South Korea. Since its establishment, the company has invested in more than 1,000 companies, of which more than 100 companies are listed on the securities markets in South Korea and abroad.

KTB owns KTB Investment Securities, KTB Venture Capital and KTB Asset Management, which together manage over US$10 billion in assets. Its businesses include venture capital, private equity, investment banking, and asset management funds.

When Li Yizhi announced New Asia Capital's fundraising target, Hong Weili, a partner of KTB Investment Group, believed that Li Yizhi's fundraising target was unrealistic and unrealistic.

As a new face in the Korean capital market, even with the added reputation of its parent company New Asia Media and Song Yi's personal reputation, it would be difficult for New Asia Capital to raise a huge amount of US$1 billion at one time.

If according to Li Yizhi, New Asia Capital's goal this year is to manage $1 billion, $4 billion next year, and $10 billion the year after, then New Asia Capital has surpassed KTB Investment Group, a long-established investment institution, in just three years?

According to the original historical trajectory, KTB Investment Group was also the first Korean investment institution to enter the Chinese market. It began investing in VeriSilicon Microelectronics in 2005, and later invested in well-known companies such as Focus Media, Mindray Medical, Xueersi, Yongle Electric and Printemps.

In 2015, KTB Investment Group invested in Yurong Network. The founder of this company is Li Yu. Li Yu has served as the CEO of Shanda Games since 2008. Later, he became the senior vice president of Shanda Network. Later, he started his own business and received investment from KTB Investment Group.

The reason why Song Yi remembered it so clearly was because before his rebirth, the investment bank where Song Yi worked planned to invest in Yurong Network, but later gave up. Now Li Yu is in Xinya Network, and he will not leave Xinya Network to develop independently in the short term.

After New Asia Capital was established, Song Yi first visited Chen Zaican and Cui Shanji. Song Yi had strict requirements for the first batch of investors of New Asia Capital, with a minimum investment of US$1 million.

Li Yizhi didn't understand why Song Yi set such a high threshold. Generally, investment companies require investors to invest at least $100,000, but Song Yi did the opposite. In Song Yi's words, he used the investment threshold to screen out the best investors in Korea.

Now that New Korea Media is developing well, Chen Zaican and Cui Shanji should be able to come up with $1 million. After all, Chen Zaican is a member of the Samsung family, and Cui Shanji is the daughter of the chairman of the East Asia Group. Song Yi hopes that the two of them can take the lead among the rich people in Seoul.

Chen Zaican's home is located in Hannam-dong, which is a separate three-story villa. Last year, when Shinhan Media was on the verge of bankruptcy, Chen Zaican mortgaged this house to the bank to raise funds. He rented a house in D Apartment in Ichon-dong, Yongsan District, and his wife and children moved back to her parents' home.

Now that Shinhan Media is performing well, Chen Jae-chan has paid off his bank loan, and his family has moved back.

Cui Shanji welcomed Song Yi's visit very much. When she saw Song Yi carrying expensive cigarettes, alcohol and a new cosmetics set from Amorepacific, she couldn't stop smiling. "Just come, why bring so many gifts? If my daughter wasn't still young, I would have thought you were here to visit my mother-in-law!"

Cui Shanji wore a silk top with a white skirt today. The shoulders and neckline were hand-pleated. The mid-high waist design made her waist look thin and her legs look long, creating a mature style. Although she didn't go out, it can be seen that Cui Shanji still put on light makeup. With her shoulder-length black hair, she suddenly looked several degrees gentler.

Song Yi is already very familiar with Chen Zaican's family, and joked with Cui Shanji, "If my father-in-law had a wife as young and beautiful as Sister Shanji, he would probably wake up laughing in his dreams."

Cui Shanji took the gift, Song Yi took off his shoes at the entrance, and Chen Zaican heard the noise and came out of the study to meet the guest.

Chen Zaican was even more satisfied when he saw the cigarettes and alcohol in Cui Shanji's hand. In fact, whether in terms of personal wealth or social status, Chen Zaican was far inferior to Song Yi. Song Yi's ability to come to visit him with gifts was a sign of respect for his former boss, which showed that Song Yi did not forget his roots.

Chen Zaican instructed Cui Shanji, "Shanji, look at the kitchen refrigerator. There is no food yet. Make two of your signature dishes. I will drink with Song Yi today, and I will let you taste Shanji's cooking skills today."

Song Yi did not refuse and thanked Cui Shanji, "Thank you for your help, Sister Shanji."

Cui Shanji smiled and said, "You and Zaican should go to the study to discuss things. I will call you when the meal is ready. The children will stay at grandpa's house today. I will drink with you later."

Song Yi entered Chen Zaican's study. The decoration style of the study was very simple, with a whole wall of books, a long desk, and wooden benches on both sides of the desk.

After Song Yi sat down, Chen Zaican prepared something for Song Yi to drink, "Coffee or tea?"

"Tea, thank you, Brother Zaican." Song Yi said. In private communication, the address is more casual.

Chen Zaican made the tea and handed the cup to Song Yi, "This set of purple clay tea sets was given to us by you. Shan Ji likes it very much. She rarely uses it to entertain guests. This time, it just happened to be used."

Song Yi smiled, "Good things are meant to be enjoyed. If they are always kept on the shelf, the tea set will lose its value. If Sister Shan Ji likes it, I will bring another set back next time I return to China."

"It's easier said than done to make the best use of things and people. I now regret agreeing to let Jiang Xiu Na go to Shin Asia. Now the new talents of Shinhan have not grown up, and I have to handle many advertising cases myself." said Chen Zaican.

"How about I let Jiang Xiuna go back?" Song Yi asked tentatively.

Chen Zaican shook his head and said, "I won't be the bad guy. Since you founded New Asia, Jiang Xiu Na's heart is no longer in Shinhan. She has long wanted to join you. I might as well help her."

Song Yi really admires Chen Zaican's vision. If the two of them switched positions, he admitted that he would not be as magnanimous as Chen Zaican.

Chen Zaican agreed to Jiang Xiuna going to Shin Asia in the first place because he hoped that Jiang Xiuna could facilitate the merger of Shinhan and Shin Asia. As a result, Shin Asia is now thriving, and Chen Zaican is in a difficult position to urge Song Yi.

ShinAsia Media Group now has assets of more than 700 billion won, while Shinhan's assets are only one-tenth of ShinAsia's. The later ShinAsia and Shinhan merge, the weaker Chen Jae-chan's voice will be in the new company after the merger.

Chen Zaican smiled. As a boss, everyone likes to have a beautiful and capable female subordinate. "By the way, what are you doing here today?"

Song Yi and Chen Zaican talked about the New Asia Capital Fund, hoping that Chen Zaican and Cui Shanji could become the first investors of New Asia Capital.

Chen Zaican had heard of the reputation of New Asia Capital when he was in the company. Relying on Song Yi's brilliant record in the US stock market, New Asia Capital has become a new capital upstart in the Korean capital market.

Chen Zaican can indeed take out 1 million US dollars now, and he is not worried that Song Yi will cheat him. "No problem, I just happen to have some money on hand now. I was going to invest it in the stock market, and now I just happen to invest it in the New Asia Capital Fund. If nothing else, I definitely believe in your investment vision."

Song Yi was very grateful for Chen Zaican's unconditional trust in him, and also talked with Chen Zaican about New Asia Capital's investment plans for the next one or two years.

Chen Zaican knew that Song Yi was trying to dispel his concerns. "As an investment fund, you must be responsible to your clients. It's not like you didn't invest money yourself. If the sky falls, you still have a tall guy like you to hold it up. Just go ahead and do it. Don't worry about me."

The reason why Song Yi established the New Asia Capital Fund was mainly to acquire shares of the Korea Exchange Bank.

In 2003, Korea Exchange Bank sold 51.02% of its shares to Lone Star Fund, which made a profit of US$4.6 billion from the sale of this stake.

Now it is only more than a year away from 2003. The B-share market was Song Yi's first pot of gold. Shorting the US stock market after the 9/11 incident allowed Song Yi to accumulate personal wealth to US$500 million.

The 2002 Korea-Japan World Cup was Song Yi's next opportunity. Zhou Mengjun wanted to accumulate personal fame through the Korea-Japan World Cup to create favorable conditions for his personal campaign. Song Yi wanted to make money through the shady dealings of the Korea-Japan World Cup. The two of them could be said to have each got what they wanted.

By the end of the Korea-Japan World Cup, Song Yi's personal wealth will almost exceed US$1 billion. If the scale of funds managed by New Asia Capital Fund exceeds US$4 billion, coupled with the support of Song Woo-seok's government, Song Yi is indeed confident that he can seize control of the Korea Exchange Bank from Longxing Fund.

If ShinAsia Capital acquires Korea Exchange Bank, Korea Exchange Bank will be renamed ShinAsia Bank, and Lee Jae-yong will be the suitable candidate for president.

With a banking license, Song Yi's financial territory can be further expanded to include credit cards, insurance, securities, trusts and micro-loan businesses.

Of course, in addition to these, Song Yi is preparing to make a major change to South Korea's real estate industry.

Although Song Yi himself benefited from South Korea's full rental housing system, he was able to leverage a large amount of funds to invest in the mainland's B-share market to make a profit.

In addition to this, Song Yi spent 180 billion won to acquire properties along the Cheonggyecheon Stream, also using the full rental system. In fact, Song Yi spent a total of 40 billion won to buy 180 billion won worth of properties.

Unlike other consortiums, Song Yi intends to operate in Korea for a long time. He does not want to see the Korean real estate market explode. If all the leeks are harvested at once, who will Xinya make money from? So after Song Yi acquires the Korea Exchange Bank, Xinya's banks will vigorously promote mortgage business. Whether it is a new house, a second-hand house, or land under the name of an individual or a company, you can get a loan from the bank.

Because many tenants in South Korea choose to rent a house on a full-time basis, they actually have no way to pay the deposit to the landlord, and their deposit is actually borrowed from the bank.

Song Yi is now preparing to plug this loophole in the next two to three years and prohibit tenants from paying deposits through bank loans. In the most popular terms, Song Yi has walked the path of full rental housing, and then closed the road to prevent future generations from walking on it.

Cui Shanji had almost finished cooking and called Song Yi to come over to eat. The dinner Cui Shanji prepared was already rich, with soybean paste soup, spicy cabbage soup, soybean paste pork and quail eggs, Andong stewed chicken, and barbecue. Cui Shanji specially prepared Korean beef, which was the highest etiquette for entertaining guests at home.

The three of them sat around the dining table. Koreans are used to sitting on the floor to eat. Chen Zaican and Song Yi sat face to face, and Cui Shanji sat on the side.

The three of them drank Jinro Soju in the evening. Cui Shanji helped Song Yi fill his glass with wine. "Song Yi, I've always wanted to treat you to a good meal, but there was no suitable opportunity. Today just happened to be the right time. Come, let me toast you first." Cui Shanji picked up the wine glass, drank it in one gulp, then smacked her lips, savoring the taste.

Chen Zaican felt a little distressed. He knew that Cui Shanji wanted to win over Song Yi. "Shanji, drink slowly. Song Yi has nothing to do tonight. Let's drink and talk. Today, the main thing is to make sure Song Yi eats well, drinks well, and has fun."

Song Yi was also very straightforward and toasted Chen Zaican and Song Yi successively. The three of them drank back and forth and had a great time.

Song Yi drank until his face turned half red, and he felt about 60% to 70% drunk. He was ready to get up and say goodbye. He definitely couldn't drive today, so he planned to call a designated driver.

Cui Shanji held Song Yi and refused to let him leave. "Sister must accompany you today. Why are you in such a hurry to go back? Did Taixi call to urge you to go back?"

Song Yi denied it, and Cui Shanji reminded him, "That's not the case. Taixi is fine in this regard. I'll call her and ask her to pick me up."

Cui Shanji smiled, "No, I'll call her later and ask her to come pick you up. If that doesn't work, you can stay here for one night before going back. I'm really happy recently, and since you're here today, you must drink a few more glasses with me."

Song Yi was a little surprised and looked at Cui Shanji's belly. "Shanji, are you pregnant again?"

Cui Shanji glanced at Song Yi and said, "What nonsense are you talking about? Chen Fuzhen is pregnant!"

Song Yi sobered up and organized his words, "Sister Shan Ji and Chen Fuzhen have a normal relationship, right? She's pregnant, why are you so happy?"

Cui Shanji was very proud. She was a little unsteady and supported Song Yi. "Chen Fuzhen and You Zaishi were separated. They just lived together in the past two months. As a result, Chen Fuzhen got pregnant immediately. You Zaishi didn't believe that the child in Chen Fuzhen's belly was his. He said that Chen Fuzhen had cheated on him. If the child was born, he would require a paternity test. At present, Chen Fuzhen's family is in chaos. Chen Fuzhen is cheating on her. Do you think I should be happy?"

Song Yi nodded. It seemed that everyone was not stupid. Chen Fuzhen had been separated from You Jae-sik before. As soon as the two of them moved in together, Chen Fuzhen got pregnant immediately. How could it be such a coincidence?

Perhaps Chen Jianxi, Luo Hongxi, and Chen Zairong all have suspicions. Maybe Chen Jianxi has already ordered people to investigate the biological father of Chen Fuzhen's child. I just don't know whether the Samsung family, which has connections everywhere, will find Song Yi.

Song Yi now feels that he has been a bit reckless. After all, besides Chen Fuzhen, there is also Song Suying, who knows the inside story. If Song Suying reveals the news to Chen Jianxi, the consequences will be disastrous.

At this time, Song Yi remembered Chen Fuzhen's words, there are only two kinds of people who can keep secrets for a long time, one is a dead person, and the other is one of their own.

When Chen Fuzhen was at the club, she asked Song Yi to drag Song Suying into the scandal and sleep with her, so that Chen Fuzhen and Song Yi could get evidence against Song Suying and Song Suying would not be able to expose the scandal of Chen Fuzhen's pregnancy. In the end, Song Yi gave up because he couldn't do it. Chen Fuzhen even scolded Song Yi for being too soft-hearted.

Song Yi found that Chen Fuzhen had not contacted him for several months. Perhaps to avoid suspicion, Song Yi suddenly felt sorry for Chen Fuzhen. Chen Fuzhen was such a proud person, and perhaps he had to deal with the pressure from Chen Jianxi, Luo Hongxi, and You Zaishi at the same time. So what could he do for Chen Fuzhen?

There is still some time before the child is born. Yoo Jae-sik definitely does not trust Chen Boo-jin and will not agree to go to Samsung's hospital for a paternity test. Similarly, Yoo Jae-sik will not agree to Chen Boo-jin going to Hyundai Asan Hospital for a paternity test.

There is still enough time now. Song Yi may be able to use overseas funds to acquire an American hospital and then reveal the name of the hospital to Chen Fuzhen. As long as Chen Fuzhen and You Zaishi come to the hospital for paternity testing, Song Yi will find a way to make the child's biological samples match You Zaishi. After all, it is not difficult to call a horse a zebra these days. (End of this chapter)


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