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I Became a Scoundrel of a Chaebol Family-Chapter 68
The following morning.
I was already deep into drafting a new plan from early on.
A new investment plan, to be precise.
After liquidating Real Production, I now had 2.8 trillion won in cash.
About 1 trillion of it would go to taxes eventually, but that was a problem for later. For now, I needed to reinvest this capital to generate more profit.
‘Should I just set up an investment corporation?’
I’d have to review the legal and municipal regulations, but if I set up headquarters in a particular area and hired a certain number of employees, I could likely secure significant tax benefits.
However, relocating the entire Go-Ryeo Entertainment to a new area didn’t make sense. The entertainment hub in Incheon is still Ganghwa, where numerous celebrities and industry professionals reside. Most broadcasting companies are also clustered here, so moving Go-Ryeo Entertainment just for tax benefits would mean sacrificing many logistical efficiencies.
Even though Go-Ryeo Entertainment isn’t solely profit-driven, there’s no need to sit idly and lose money.
‘Besides, I want to create a company with my own name on it.’
Since Go-Ryeo Entertainment was established on the orders of Chairman Go Yeong-man, changing its name isn’t straightforward. Legally, it’s 100% my company, independent of the Go-Ryeo Group, but there are still optics to consider.
However, for a new company that I’m establishing, there’s no need to follow the ‘Go-Ryeo’ branding.
In fact, avoiding the overuse of the ‘Go-Ryeo’ name might even be preferable.
‘Something like... Muyeol Finance? That could work.’
A somewhat unfortunate name choice.
But oddly, I liked it. Maybe because it had my name in it.
‘...Looks like I’ve started to truly think of Go Muyeol as my name.’
Thoughts trailed one another as I realized this.
When I first possessed this body, I tried to keep a mental distinction between myself and Go Muyeol, but that boundary was growing faint.
‘Not that it matters. It’s not like this was a name given by parents.’
If I had a name given by parents, a name with memories or feelings of longing attached to it, I might hesitate to fully sync with “Go Muyeol.” But my name was given by some anonymous director in an institution, and it held no memories or warmth.
The only warmth associated with my name was from the hands of college volunteers pinching my cheeks, and even that stopped as I grew older.
So, there was no sentiment holding me back.
‘Right. I am Go Muyeol.’
The Go-Ryeo Group’s,
and this nation’s, eldest grandson.
Go Muyeol.
That’s me.
“Soo-ah.”
“Yes, Master.”
I handed her the proposal.
“Let’s establish a corporation under our group. How long would it take?”
“A corporation? What’s the purpose?”
“Investment. From the profits we earned. We’ll reinvest.”
“Ah... if that’s the case... hold on a moment. Since Go-Ryeo Entertainment is 100% yours, no decision-making process is needed. We just prepare the paperwork and submit it to the registry, so... it should take around two weeks.”
“Two weeks?”
“Yes. But if it’s a financial business, we’d also need a separate permit for that sector... that could take longer. Altogether, it might be around two months.”
“What?”
Two months?
“Finance is heavily regulated, so we can’t just set it up on a whim.”
“....”
“By the way, the capital amount we set aside as corporate funding will be frozen, so for at least two months, you won’t be able to use it.”
“Then we’ll start with a lower initial capital and increase it later.”
“Understood. And what would you like to name the corporation?”
“Muyeol Finance.”
“Pardon? Are you serious?”
Soo-ah looked at me, surprised.
“What?”
“No, it’s just... that name?”
“Yes.”
“....”
She looked at me as if baffled.
What?
What’s wrong?
“Wouldn’t something like ‘Muyeol Investment’ be better? ‘Muyeol Finance’ sounds... a bit much.”
“What’s the difference?”
“...Yes, sir. Understood... We’ll also need a headquarters location.”
“Use my residence in Songdo as a temporary address. We can change it later.”
“Should we start with about 10 billion won in capital? The financial authorities will want to see a certain size for approval.”
“Fine.”
“All right, then...”
Soo-ah jotted down notes quickly.
“I’ll draft the documents and submit them for approval as you instructed.”
“Good. And... you’ve completed the correctional work plan, right?”
“Oh, yes. Just a moment.”
Soo-ah took a bundle from her briefcase, which she always carried, and handed it to me.
“Since it’s a prison for female inmates, we plan to hire only female staff. Given the nature of the work, we’ll recruit only ‘young’ individuals who have the necessary strength.”
“Good.”
“For specifics on correctional work, refer to page four.”
I skimmed it briefly.
No issues stood out.
“Proceed as planned. Next, draft the land acquisition and prison construction plans. We’ll build it on the artificial island that Aunt promised, and set it up to hold around 500 inmates, as I mentioned.”
“Understood. I’ll establish the basic framework.”
“Also, prepare documentation to persuade Aunt. Gather details on why I want to build a prison and why it requires an artificial island. Put it all together.”
“Yes, Master.”
Soo-ah worked her hands rapidly.
Although she was a police team leader, she had essentially become my personal assistant, busily managing a chaotic schedule.
Her pure work hours probably added up to around 16 hours a day.
And considering I occasionally showed up at night if I felt like it, her day likely spanned 24 hours in total, doubling as work and standby time.
‘Once Muyeol Finance is established, maybe I’ll give her a 0.1% share.’
If we assume it’ll be ready in about two months, and I continue to generate returns on my investments, the 2.8 trillion won we have now could see a substantial increase. Even if I reinvest 2 trillion, that would boost our net assets, raising our corporate value to at least 2 trillion won. A 0.1% share would be worth 20 billion.
During Chuseok, I’d set aside 5 billion for Soo-ah and another 5 billion for her team. If she’d taken it all herself, that would have been 10 billion. Comparing that to 20 billion, she might still see this as a significant step up.
But, if I keep succeeding with my investments, that 20 billion could easily translate into a figure in the trillions. That’s no small sum.
‘I’ll need to handle the drug I planned to allocate to Soo-ah with care. Or perhaps just dispose of it altogether.’
Originally, I’d considered distributing drugs through the prison, but Chuseok changed my mind.
This chapter is updat𝙚d by freeweɓnovel.cøm.
The distaste my grandfather and other direct family members have for drugs was stronger than I anticipated. If they’re this pleased with me quitting drugs, how would they react if they discovered drugs being sold from a prison I established? It would only fuel suspicions that I’m using again.
‘The issue is the quantity... There’s too much to sell off all at once.’
The amount of the new drug I hold isn’t something a private individual could offload.
I’d need to strike a deal with someone of drug kingpin caliber, and even then, I’d have to wonder if they’d take it all. They likely have their own supplies.
‘No, this is different. This is a new drug—a kind of cheat code. Once they see its effects, they’ll lose their minds. Selling it won’t be an issue.’
Then...
Ah, that’s right.
There’s the Police Commissioner.
Incheon Police Chief, Jang Kyung-soo.
Outwardly, he proclaims justice, but secretly, he runs a drug factory—a pinnacle of police corruption.
He likely has the resources to buy my supply.
“Soo-ah.”
“Yes.”
“Contact Prestige. Tell them to offload all the drugs I’m holding.”
“What?!”
“Police Chief Jang Kyung-soo. Your highest-ranking officer is running a drug factory. The location is...”
It was an island near Ganghwa, if I recall...
“I don’t remember the exact location, but he supplies a significant portion of Incheon’s drugs. If you connect with him, you should have no problem offloading it.”
“Um... The Commissioner... involved in drugs?”
“Yeah. Don’t believe it?”
“No, it’s just... how do you know?”
“There are ways. Who do you think I am? This country’s eldest grandson.”
“....”
“When you’re in my position, information flies straight into your ears from somewhere.”
“I-I see...”
“Prestige can handle the transaction discreetly without revealing identities.”
“Yes, I’ll pass along the message.”
“Good.”
+++
The hectic morning commute.
Kwon Tae-su, Chief Prosecutor of Incheon’s Supreme Prosecutors’ Office, sat inside his armored executive car, receiving a briefing.
He could have done this at the office, but he was trying to focus to avoid recalling the humiliation he had endured in the chief prosecutor’s office.
‘...That disgrace, in front of my subordinates!’
Even now,
His thoughts wandered briefly, recalling how he had bowed to Go Muyeol, the pain throbbing at his heavily scarred forehead.
“Hah... why aren’t we moving?!”
“My apologies, sir. The road toward the Supreme Prosecutor’s Office is completely jammed.”
“Completely jammed? Does that make sense?!”
“At 7:23 this morning, a truck and a passenger car collided on the main road toward the Prosecutor’s Office, and at 7:24...”The AI explained the reason for the traffic.
In this short span of time, multiple simultaneous accidents had occurred nearby.
Too strange to be a coincidence.
“Tch. What on earth.”
He vented his anger at the AI.
Then, suddenly—
Warning.An attack directed at this vehicle has been detected.Estimated weapon: Terminator.
“What?”
An attack, out of nowhere? A Terminator weapon??
Startled, he turned his head toward the window.
And at that moment—
A man wearing a helmet, riding a motorcycle, locked eyes with him.
“M-”
The Terminator gun barrel in the man’s hand glowed ominously as if ready to fire.
From his stance, it was clear this was no ordinary weapon. Set to Terminator mode, its purpose was total annihilation.
Boom—!
A thunderous blast created a destructive line across his view.
The bullet tore through the armor-plated car, and Chief Prosecutor Kwon Tae-su’s body was shredded instantly.
The aftermath extended further, destroying every vehicle in the same line of sight as his car.
“Aaaah!!!”
Screams and explosions erupted from all around, as the predator rode off on his motorcycle, leaving behind chaos.