Chapter 29: The Wolf of Wall Street (4)
In truth, the outlook for Japan’s semiconductor companies hadn’t been very bright from the start.
That was because the once-tense balance in the semiconductor market between the United States and Japan collapsed around 1985, causing serious damage to the U.S. semiconductor industry.
When the entire board was on the verge of collapse, the previously passive U.S. government finally drew its sword, and with the signing of the U.S.-Japan Semiconductor Agreement in 1986, Japanese semiconductor companies lost their competitive edge in the American market.
“It’s only natural—America felt the crisis and aggressively imposed regulations. Thanks to that, our Daehwa Electronics scooped up a lot of scraps. And the news announced this time? That was the finishing blow.”
Having left school early on Friday and gone straight to Daehwa Securities, I began a detailed explanation to my followers.
Now that Daehwa Electronics was a matter the entire Daehwa Group had its eyes on, they probably knew the rough outline too.
“...So that’s why you told us to prepare for short selling. Hmm, but why aren’t you doing it yourself...?”
One of the employees at Daehwa Securities asked. She was a young secretary who sometimes helped me when Si-hyun wasn’t around.
Besides her, there were a few other people around me as well. All were Daehwa Securities employees, a sort of team made up of [N O V E L I G H T] particularly smart and trustworthy individuals.
They knew the peripheral details of the things I was doing, but due to their shallow perspective, they didn’t fully understand what I was trying to achieve.
Perhaps only someone like Ha Joo-seong could grasp my true aim.
“Ah, you mean why I didn’t short sell under the name of Daehwa Securities? First off, it’s illegal, right?”