Chapter 121

“Welcome to.”

We arrived at the Samjeong Group office building in Gangnam.

Samjeong’s staff, who had been waiting at the entrance as if they had spoken in advance, led me to the Strategic Planning Office as soon as I arrived.

“Sorry for contacting you while you are busy.”

Lee Young-hoon, who was having a conversation with the key executives of the Samjong group, stood up in disappointment when he saw me.

The atmosphere that I looked at for a moment was like everyone in front of the Jordan River.

It was the moment when I understood roughly what he had asked me to see.

ur ur.

At my appearance, the executives all left the room at once.

The intention is to give the two of us time alone.



As I headed to the sofa, Lee Young-hoon quickly took a seat across from me, and I spoke directly to prevent the story from circulating.

“How can I help you?”

In an instant, Lee Young-hoon’s eyes fluttered strongly.

Well, there’s really only one way I can help.

Before the words came out of his mouth, I spit them out first.

“The biggest problem right now is probably the inheritance tax. My advice is, it’s dead and there’s no way to get out of it, so you just have to follow the rules.”

“·················ogue.”

It may sound harsh, but it was inevitable.

Regardless of right or wrong, the laws of this country are the same, and it is true that the cost of breaking them is not great.

Well, there is no way that Lee Young-hoon would know, and from now on, it will become the core of the real conversation.

“Instead, what I can help is to maintain the manager’s control while minimizing noise.”

Lee Young-hoon’s eyes lit up for a moment.

Actually, that’s exactly what he wanted from me.

He swallowed dry saliva and looked only at my lips.

“Currently, at the top of the Samjong Group’s governance structure is the product. So, the managing director must take control of the product, and to do that, he must merge with Jehan Wool.”

“······That’s right.”

“But the serious problem here is that public opinion about the merger ratio between Samjeong C&T and Jehan Wool is too bad.”

It was, in fact, a natural result.

A product that is at the top of Samjong Group’s governance structure recognized by everyone.

And it is unreasonable for anyone to see that the merger ratio of Jehan Wool, which has only tens of billions of won in operating profit, is 1:0.35.

Furthermore, Jehan Wool has used all sorts of expedients for this merger to raise the value of its stake, but from the perspective of the C&T shareholders, this is, in a word, close to fraud.

And in the future, that will be the problem of legally binding Lee Young-hoon.

“But Chairman Jin is well aware that there is no other way.”

“Of course I do. So, to suggest a way to do this is to raise the value of limited wool ‘substantially’ so that there is no more noise about the merger ratio.”

“·················ogue.”

Lee Young-hoon stared at me, not understanding the meaning.

At that moment, I took a sheet of paper out of my pocket and gave it to him. For a while, he came out with a blank expression and looked at the documents in turn.

“Are you going to exclusively produce special textile materials developed by Jaewoo Research Institute in Limited Wool?”

“That’s right. If that happens, the sales of Limited Wool will increase beyond comparison.”

“Is that possible…?”

He looked at me with a blank expression for a moment.

He shrugged his shoulders and spoke again.

“Available. And only then will the real value of limited wool increase.”

“·················ogue.”

“And anyway, it is impossible for us to produce all of the new textile-related materials developed by ourselves. There are as many as twenty types of products developed so far, how will we cover the cost of facility and factory expansion to produce all of them by hand?”

“That is correct. And, as you know, Limited Wool already has the facilities to produce the materials here on this list.”

Lee Young-hoon struck a match with a face that looked like he was handsome.

He let out a smirk and took the paper he had handed over to him again.

“As you know, it is important to fight the time from development to securing marketability for these new materials. In other words, it is advantageous to dominate the market if it is commercialized as soon as possible. So I decided to partner with Limited Wool.”

As the words fell, his expression widened.

what would be normal

Trillion won worth of new materials, which had been dependent only on foreign countries, were produced in Korea. If limited wool is produced exclusively by limited wool, it will be sufficient to secure justification for the share price rise.

To be honest, at the moment when that fact is announced, even the merger ratio with C&T may have to be readjusted.

Then, as a result, the biggest challenge, the noise, disappears.

“However, there are conditions.”

“Yeah?”

Lee Young-hoon, who had been in a dream for a long time, looked nervous again at those words.

No, then there’s no reason to help him without getting anything out of the ordinary.

He glanced into his eyes for a moment and spoke.

“After the merger, you transfer 6% of your stake in C&T to me.”

“·················ogue.”

It must have been difficult for him.

Based on the current merger ratio, the stake in C&T, which he will control in the future, is 17.8%. If you give out 6% of them, it’s a huge blow to him.

“It’s a bit…”

Unsurprisingly, Lee Young-hoon immediately reacted and I continued.

“If you give it away, wouldn’t it be a threat to your management rights? Family shares and friendly shares. And if the national pension and treasury stock are combined, there is no problem in defending management rights. Besides, the 6% you pass on to me will also be a ‘perpetual friendship stake’.”

“·················ogue.”

He looked at me with a very serious expression.

What he was thinking, after a while, he looked more troubled, and then suddenly spat out a question.

“Are you really going to go with me to the end?”

eating.

Otherwise, I probably wouldn’t have even thought of doing this.

As it is now, Samjung will continue to be a key partner for me, which is the number one priority.

Well, even if the owner changes, it will make a big difference, but I don’t think it’s necessary to complicate things.

To put it simply, it is better to suppress variables as much as possible, and it is beneficial for someone who can control me to take charge of Samjeong.

“Of course it is. Oh yeah! Come to think of it, I didn’t say that. In the future, we plan to purchase some stakes in Samjung Electronics as well as C&T after the merger in the future fund run by Jaewoo. Of course, it will also become a friendly share of the boss whenever necessary.”

“·················ogue.”

********

[The merger between Samjeong C&T and Jaehan Wool, which attracted public attention, has been successfully completed.][The merger ratio of the two affiliates, which has been a hot topic in the past, was fortunately concluded without difficulty. It is known that the main reason for the closing of the case was the increase in the value of Hanja’s stake due to the cooperative project between Jehan Wool and Jaewoo Group. I’m watching.]

March 27, 2004.

The tedious merger of Samjung C&T has finally come to an end.

Afterwards, Lee Young-hoon handed over a 6% stake in the property to me as promised, and I gave it to Lee Young-hoon to help ensure his management rights.

[The Ministry of Defense announced today that it will start the official deployment of large attack helicopters that have been undergoing operational tests.]

The businesses that Jaewoo had been in charge of in the past were also showing outstanding results.

To discuss the representative ones, first of all, the army’s large attack helicopters have already reached about 10 units.

The handover to the military was completed a few days ago, and it will probably be used for joint training with the US military soon.

[Jaewoo announced this morning that he is working on the mast integration of the Korean Aegis ship.]

The construction of the first ship of the Korean Aegis ship was also proceeding smoothly.

Unlike the original method, the construction time per ship was greatly reduced thanks to the simultaneous production of the ship and the mast.

By the end of next year, it will be possible to mount an armed control system, and it is also possible to hand over the missiles to the military by 2005 when the development of missiles is completed.

“The business feasibility study for a truck equipped with a Polar Bear engine has been completed.”

It was concluded that the development of the new truck, which had been conducting a feasibility study, had sufficient potential for success.

In fact, the news I’ve been waiting for the most recently.

I immediately convened a board meeting and decided to reorganize Jaewoo’s heavy truck division, and as a result, a project with a total investment of 800 billion won was approved.

“Please prepare the vehicle.”

Three months later, Ssangyong Motors, which was in the process of developing a new car with a new lineup, finally bore fruit.

The press rushed to the news that Ssang-woong’s new car, which had been rumored all along, was announced, and finally, today, it is revealed to the world.

“Did you know that today is the Ssangwoong new car presentation?”

As I was about to head to the showroom, Vice Chairman Yoon Sang-min limped to my room.

It was the result of going down the stairs during exercise about two months ago, but it is said that it is not easy to get better due to age.

“Yeah, it was the car I was getting ready to attend.”

“We have invited all reporters from the Korean automobile magazines as well as journalists, so Chairman Jin asks you to go and treat me with a face.”

Vice Chairman Yoon said with a very apologetic expression on his face.

After all, I’m taking his role now.

But what to do?

You can’t put an old man with a broken leg in front of the press, and it makes even more sense to call in Hyun-cheol Jin from Russia.

After the system reorganization, for a while, I thought it would be a little more comfortable, but it seems that it was only a few months of happiness.

“You must pay revenge later. And if you’re taking a break, would you go to talk with your father?”

“It was true, though. The president is too sagging these days, so I have to comfort him.”

I laughed out loud at those words.

Chairman Jin Hyun-pil, no, the reason his father is sagging is because of Vice Chairman Yoon himself.

In fact, even I am stunned by that part.

“Then why did you suddenly turn me into an eunuch?”

“That’s because you’re under stress from the pressure of marriage, so you’re improvising. And to be honest, I didn’t say you were an eunuch, I just said azoospermia.”

In retrospect, it was no different than an excuse.

From the point of view of Chairman Jin, whether his son became an eunuch or asexuality is a hoax.

Well, it’s comfortable for now, but I’m worried about the future.

“I don’t know, if it turns out later that it was a lie, your uncle will take care of it.”

“Oh my gosh, it seems like you are still thinking about getting married.”

He smiled and rolled his eyes.

I didn’t have much to say about that part, so the moment I picked up my suit, he suddenly spoke in a serious voice.

“My friend, what kind of person your father is, I would believe such an absurd statement.”

“Aren’t you too quiet these days to think you don’t believe me?”

I turned my head back and asked again.

Then he spits out a smirk and says:

“That means I understand your position to some extent.”

“·················ogue.”

“In a nutshell, if you were under a lot of stress, you would have mobilized such lies.

“·················ogue.”

******

“Im here.”

The atmosphere at the headquarters of Ssangwoong Motor Company, where the press conference was being held, was heated.

After all, it was a project that had been under a veil for nearly two years.

Maybe that’s why the reporters’ flash baptism towards the new SUV didn’t seem to end.

“When did you plan to launch a new car?”

As soon as we got out of the car, questions from reporters poured in.

Normally, I would have hated dealing with reporters who rushed to me tiredly, but now that the situation is the same, I smiled and accepted the conversation with them.

“Ssangwoong Motor’s plan to launch a new car has been carried out from the initial acquisition process.”

“You seem to be pursuing a design that is completely different from Ssangwoong’s existing style. Are you aiming to enter the European and North American markets?”

The question continued as soon as I could spit out an answer.

What is surprising is that it points out quite the core.

When I glanced at the interrogator for someone, a woman with an unfamiliar feeling looked at me and smiled.

“That’s right. In the case of the new car released by Ssangwoong this time, it was developed with not only the domestic market in mind but also full-scale export in mind. Thanks to that, you can see that almost all parts, including the engine, have been completely changed. By the way, I…”(Read more @ wuxiax.com)

The reporters looked at me with puzzled eyes.

I immediately looked straight at the woman who asked the question and continued speaking again.

“Have we ever seen one?”

“No, I’m seeing the former president for the first time today.”

“Then I must have been mistaken. If you don’t mind, may I ask what your name is?”

“This is Han Ji-hye.”

The one that immediately came to mind was reporter Han Ji-yeon.

Come to think of it, the face I wanted to see a lot anywhere was similar to that face.

Still, the moment she was about to ask her mind again, she spat out a question that once again stabbed her core.

“The president, in anticipation of the revitalization of the electric vehicle market in the future, even established a company directly in the United States, isn’t it a bit contradictory to launch an internal combustion engine vehicle under that circumstance?”

“Strictly speaking, it is a contradiction. However, just because electric vehicles are born does not mean they can replace all internal combustion engine vehicles at once.”

“·················ogue.”

“And the fundamental reason I took over Ssangwoong is to build an Asian production base and infrastructure in the upcoming electric vehicle market, but can’t we just pass the transitional period?”

“Then, are you saying that Ssangwoong will also be transformed into an electric vehicle system someday?”

“That’s right.”

The hall shook at the firm answer.

Reporter Han Ji-hye, who glanced at me again, is looking at me with a blank expression.

She asked again because she wanted this time to be her chance.

“How do you get along with reporter Han Ji-yeon?”

“uh? Do you know my sister?”

Again, the prediction was not wrong.

The strange thing is that the way I speak, I feel like I don’t know about Han Ji-yeon’s relationship.

She asked again, just in case.

“The fact that she has a pretty close relationship with me, she doesn’t seem to have told them?”

“No, it’s because I have a very heavy mouth when it comes to work.”

That part seemed to make sense.

Clearly, Han Ji-yeon had a particularly heavy mouth unlike her other reporters.

As she was about to reach out her hand again to her delight, she caught her eye when she suddenly saw her sheep secretary rushing from beyond her.

“President!”

“Why are you so out of breath? Is there anything?”

“I just got a call from CEO Kim Young-gi…”

Secretary Yang glanced at Han Ji-hye and muttered her words.

“Anyway, it was nice to meet you. Later, when I have time, I have dinner with her sister-in-law.”

She immediately conveyed her condolences to her and then turned around, and her sheep secretary followed her closely again, repeating her unsatisfying words to her. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

“There was a problem with the early warning system that we were working on.”

“·················ogue.”

Can you make nuclear weapons too?-122

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like