Chapter 190 – Control
A protest started in front of the KND headquarter.
“We need to get rid of this Japan-loving company!”
“Kang Woosung is a traitor! Apologize!”
“This company was funded by Japan! It needs to be destroyed!”
The securities tried to calm them down, but it was no use. Many protesters were in their 60’s, and they screamed whenever restrained.
“Ow, these young men are trying to hurt this old man!”
“I’m a frail old man. Leave me alone.”
“Don’t touch me! You’re hurting me.”
“Your parents would be ashamed of you!”
The securities couldn’t do much. The KND employees frowned and complained as they watched the protest.
“Why isn’t our CEO making an announcement? Was he really funded by Japan?”
Another staff replied, “No way! I think it must be Daeyang’s doing again like the last time.”
“But this time, JP was mentioned. Don’t you know our CEO met with JP’s CEO recently?”
“But President Kang meets a lot of people. Do you really think he got funded by Japan through JP?”
“If it’s not true, why would our CEO remain silent?”
“Hmm. I don’t know.”
Since Kang Woosung remained quiet, people started to believe the rumor. Jang Gwangchul was frustrated.
“How long do we need to remain silent?”
“As long as possible. The bigger this gets, the better it will be when we reveal the truth.”
“Are things going well?”
“It’s going nice and slow.”
“Can you tell me what they are?”
Woosung chose to not answer. He instead changed the subject.
“I looked into Suk Jinmyung’s past and learned he was a good student. He went to the best schools with scholarships. These scholarships were funded by Daeyang though.”
“I guess he felt grateful to Daeyang all his life.”
“He had an unfortunate childhood. His parents were very poor. Daeyang helped his entire family with their living expenses.”
“Hmm. I guess it wouldn’t be easy for him to leave Daeyang.”
“But not hard either.” Woosung replied with a grin.
Last night, he managed to come up with a plan. He didn’t have to convince Suk Jinmyung. He just had to make a situation where Suk Jinmyung had no choice but to leave Daeyang.
Choi Gichul grabbed the mouse.
“It was 547.00 just a minute ago… It has to go up…”
After getting 70 million dollars from Daeyang through Suk Jinmyung, he purchased the bitcoins at 555 dollars. He was losing money.
Choi Gichul panted nervously. He stared at the screen. He was able to get other companies involved. As a group, they got in at 570 dollars. Again, he was at loss with this money too.
“Should I go in a little bit more?” Choi Gichul murmured.
Jung Jinsup asked, “Are you in deep?”
Choi Gichul nodded.
Jung Jinsup continued, “It doesn’t look like it’s going well?”
“Because of Kang Woosung’s rumor, the bitcoin price dropped a little. It appears Kang Woosung and bitcoin are connected.”
Jung Jinsup glanced at Choi Gichul and asked nervously, “Do you know what a cage technique is? What we can do is to pause the bitcoin trading briefly at our Bit Trading website. This can pump the price.”
Choi Gichul’s eyes widened.
“This will make the public traders want to buy more.”
“We pause it, then sell some of our bitcoins at the highest price, then resume trading.” Choi Gichul smiled in satisfaction.
“We will make an easy profit and also increase the number of transactions at our dealership, which means our company will make money too.”
“Amazing! How did you think of this idea?”
“It just came to me.”
It was actually an idea given to Jung Jinsup by Woosung.
Choi Gichul urged him, “Great. Let’s make an announcement today.”
That night, a notice was made at Bit Trading.
“Due to the expansion of network infra, bitcoin trading will pause briefly. We will resume all transactions as soon as possible.”
That was the signal. As soon as the notice came up, the bitcoin price jumped from 550 dollars to 700 dollars. Quickly, it went up even higher to 1000 dollars.
Only at Bit Trading.
Choi Gichul grinned widely. With this method, he managed to make 300 million dollars in a very short period of time.
“This is so easy.”
“How much did you make?”
“Enough. I will buy you a drink soon.”
“Then I will put up the resumption notice.”
Woosung saw the notice at Bit Trading.
Whatever bitcoins Choi Gichul sold, Woosung purchased them. Woosung got over a million bitcoins. He had some loss from these transactions, but it was minimal.
“Now, I will make him go crazy.”
The current bitcoin price at Bit Trading was 700 dollars.
“Should I pump the price again?”
Woosung grinned. A bitcoin was worth 560 dollars at Bitmain. He would pump the price so it could reach the Bit Trading bitcoin price.
Choi Gichul entered Daeyang confidently. 70 million dollars from the company turned in to 130 million dollars. Choi Gichul expected Choi Taemin’s shock at his success. Choi Gichul got into the elevator and went up to the top floor.
Inside the office, Choi Taemin was screaming at Suk Jinmyung.
Choi Taemin saw Choi Gichul and asked, “You have my bitcoins, right?”
“I made a profit of 60 million dollars with your money.”
Choi Gichul replied confidently, but Choi Taemin’s reaction was cold. “Did you sell them?”
“I sold at the highest price. If I sold any later, you would have lost money.”
Choi Taemin lowered his voice.
“At what price did you buy?”
“If Suk Jinmyung did his job, I could have bought at under 200 dollars…”
“I already heard about it. Just tell me the numbers.”
“I bought at 550 and sold at 1000.”
Choi Taemin turned his computer screen and showed it to Choi Gichul. “Do you see this?”
Choi Gichul nodded. Choi Taemin asked, “How much is it now?”
“… 1200 dollars.”
“Who told you to sell my bitcoins?”
“Y, you told me to buy…”
“I told you to buy, but I didn’t tell you to sell, did I? You sold my bitcoins without my permission?”
Suddenly, the screen beeped.
1 BTC 1403.21 dollars.
The price jumped 200 dollars again.
Choi Gichul became rigid and Choi Taemin sighed deeply. “What do you think will happen?”
Choi Gichul hesitated.
Choi Taemin answered instead. “It will probably go to up to 2000 dollars, maybe even 5000. This means you basically made me lose money. How will you fix this?”
Choi Gichul couldn’t believe this situation.
He stuttered, “I… I will invest again and make up the difference.”
Choi Gichul left the office.
Suk Jinmyung looked at his cellphone in despair. He had no power in the entertainment industry anymore. The only place now for him to find a girl was in brothels.
Choi Taemin would be angry again, but Suk Jinmyung had no choice. He called a few prostitute madams with high-end call girls.
Shockingly, he was rejected again.
“Sorry, sir, but my girls aren’t available today.”
“We are too busy today.”
“Please call me later. We are at capacity.”
No one would help him.
Suk Jinmyung could guess who was behind this. He now had no choice but to call Kang Woosung.