God of Corporate Hunting - Chapter 239



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◈ Episode 239: Bukseong Distribution (5)

A subtle silence flowed at Hyunjae Seop’s unexpected remark.

In fact, Yun Se-bin seemed more embarrassed than Nam Woon-myung.

“I like it!”

The one who broke the silence was Hyun Ah-sol. She couldn’t take her eyes off Nam Woon-myung, with a bright smile on her face.

Hyun Chang-min scolded Hyun Ah-sol with a trembling face.

“You’re a woman without hair!”

“Is there a law that says only men can confess?”

However, Yoon Se-bin remained silent with a dark expression.

Hyunjae Seop asked again with a kind face.

“What do you think, Director Nam? I don’t think Asol would be a bad choice for your spouse.”

Most expected Nam Yun-myeong to choose one of the two.

Either you’re not ready to get married yet, or you want to date first and decide later.

If it is a deal where he becomes the son-in-law of the Bukseong Group, it is obviously a huge gain for Nam Woon-myung. To the public, Nam Woon-myung is just a director of a private equity fund.

Nam Woon-myeong was staring at Hyeon Jae-seop.

There was an awkward silence for a moment.

Finally he opened his mouth.

“Chairman Hyun! You must have been in a hurry.”

“what?”

“You’re willing to sell your own children to protect the group.”

Hyun-Seop just rolled his eyes at the unexpected accusation.

“What, what does that mean?”

“You’ve lost Bukseong Distribution, and even Bukseong Pharmaceutical and Bukseong Bio are not doing well, so you’re using an odd trick. But, if you get married, will your son-in-law or daughter-in-law become your ally? In Bukseong, where even parents and children are at odds with each other.”

Nam Yun-myeong criticized the family of the owner of the Bukseong Group by comparing it to a civil war.

“You, that’s harsh. I was just trying to bring the young people together because they liked each other.”

“Then let’s just leave it alone. Don’t use the power of the North Star to pressure us from behind. Well, we don’t really have any power anymore.”

“I really want to see you!”

Hyun-Seop Hyeon grabbed the back of his neck due to high blood pressure.

“I think now is not the time to worry about the marriage of children. The group of affiliates centered around Bukseong Pharmaceutical and Bukseong Bio have already passed into the hands of Hyun Ah-sol, and the group of affiliates centered around Bukseong Life and Bukseong Cultural Foundation are in the hands of Ms. Joo Do-hee. Bukseong Distribution and Bukseong Oil are in the hands of Mega Asset Management. The group has been split. What remains is…….”

Hyun-Seop was out of breath and couldn’t react right away.

“Only the main body centered around Bukseong Construction and Bukseong Chemical Energy remains. If the motion to dismiss the Bukseong Construction board of directors is brought up again, are you confident that you will win this time too?”

Hyunjae Seop’s face trembled at Nam Woon Myung’s provocation.

“Yes, you…….”

“You have no other choice now, right?”

Nam Woon-myung has cornered his opponent. There is no way for Hyun-seop, who has his shares tied up everywhere and has no financial resources to back him up, to escape. He will somehow hold out for the time being, but a long-term battle is difficult.

Hyunjae Seop, who was glaring at Nam Woon Myung, burst into laughter.

“Hahaha! You’re amazing! But do you know what? In our country, there has never been a successful hostile takeover of a large conglomerate! Do you know why? It’s because they have accumulated enormous amounts of assets over the decades they have built up the company. Those assets don’t necessarily mean wealth. Do you think it’ll collapse easily like this?”

Based on objective figures alone, the current downfall of Seop is certain.

But to see it that way, Hyeonseop’s confidence was too strong.

“Ask the other group leaders. Who supports what you say? At least the groups are in cahoots, even though they compete with each other.”

Korea’s conglomerates tacitly support each other because they fear the collapse of the conglomerate system.

“I think what you just said has decided our relationship. Don’t regret it. I have never been hostile to you, but you were the one who started the fight with me.”

Is that really so?

Nam Woon-myung swallowed his words as he tried to bring up the bad relationship between AF Tech and his father. There was no reason to tell them about the past. He was not the kind of person who would regret pointing out what happened back then.

“If you don’t intend to accept the offer I gave you, then just go back. Asol, Changmin! You guys figure out how to behave yourself!”

Hyun-Seop Hyeon issued an order to all of them to evacuate.

* * *

After Nam Woon-myeong and others disappeared, only Hyeon Jae-seop was left in the study.

He was still sipping his warm tea.

“That crazy guy.”

In his eyes, Nam Yunming was clearly a fearless idiot. He was the one who had caused all of this.

“I didn’t trust Sebin.”

We could see Yoon Se-bin’s disposition in the Bukseong Polymer incident. That’s why when the inheritance issue arose, we initially planned to exclude Korea Asset Management.

But there was a reason why it couldn’t be done. First of all, I desperately needed the help of Korea Bank, and I expected that Yoon Se-bin would be obedient if I linked him with Hyun Chang-min.

I believed that she was not stupid enough to miss the opportunity to receive a piece of the enormous fortune that was the Bukseong Group.

Once he had arranged a marriage with Hyun Chang-min, he thought that Yoon Se-bin would turn to his side. The family circumstances of Yoon Se-bin that he had investigated were not so easy. She also believed that she needed the power of Bukseong to speak up in the Korea Investment & Securities Group.

However, Yoon Se-bin’s ability was far superior to his evaluation. He achieved everything on his own, without needing the foundation of Korea Investment & Securities Group.

Behind it all was Nam Woon-myung of Mega Asset Management.

It’s not easy to figure out who is the mastermind between the two, but in any case, the synergy effect between the two was formidable.

In an instant, the Bukseong Group was torn apart without even being able to put forth a single effort. This was because they had mercilessly attacked their weakest point at their weakest time.

“I can’t… leave those two alone!”

Today was the last day of the ceasefire proposal. If the two of them had accepted the marriage proposal, I would have been willing to move on and pretend it never happened.

I thought that with the power of those two in the reunited Bukseong Group, they could possibly take over South Korea. But… … .

“A puppy doesn’t know how scary a tiger is.”

Hyunseop Hyeon picked up the phone.

It will show the true power of the conglomerates in South Korea.

[Ah! Chairman Hyun!]

A familiar voice was heard.

“Your Excellency the Prime Minister, have you been well?”

[Why are you calling me? I’ve been feeling a little dizzy lately.]

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“That’s why I called you anyway.”

[Tell me.]

The other person complied obediently.

Of course, Hyun-Seop knows this too. The political and financial worlds are inseparable. He knows that if the other party grants him a favor, he must grant the other party a favor in return.

Normally, it’s better not to get involved with the political world. Their requests always smell bad.

But right now, there is no time to worry about this or that. First, let’s put out the urgent fire.

“It’s because of the Bukseong Distribution shareholders’ meeting that took place a while ago.”

[The government does not interfere in the internal affairs of companies.]

“I know. But you have to understand the core of the problem. What happens if foreign capital indiscriminately attacks domestic companies? If foreign capital decides to swallow up domestic companies that are being forced to give up, domestic industries will go bankrupt.”

[What does that have to do with Bukseong Distribution?]

“The place that attacked Bukseong Distribution is on the surface a private equity fund called Mega Asset Management… but many of Mega Asset Management’s LPs are foreign capital. Even CSK, which shook up the global financial world, is in cahoots with Mega Asset Management. If CSK takes the lead in the future, all domestic companies will inevitably fall prey. This will devastate the national economy….”

[I understand what you mean.]

The Prime Minister has also been in politics for a long time. He is not the type of person who would not know what I mean when I say something like this.

Hyunjae Seop answered in a triumphant tone.

“I only trust the Prime Minister.”

[Okay, I’ll check it out. But please help me out in the next election.]

“Is there any possibility?”

Hyun-Seop Hyun finished by making a few concluding remarks and then hung up the phone.

Tomorrow, Nam Woon-myung and Yun Se-bin will learn that business is not just business.

If they surrender, you offer them the carrot again.

If I make those two my son-in-law and daughter-in-law, no one will be able to touch the North Star from now on.

It’s a profitable business anyway.

* * *

Four people gathered at a quiet bar that Hyun Chang-min frequents.

As soon as Hyun Chang-min entered, the young hostess who had been warmly welcoming him stepped back slightly after receiving repeated glares.

Nam Woon-myung sat next to Yun Se-bin.

Hyun Chang-min and Hyun Ah-sol sat across from each other and naturally, some alcohol came out.

Hyun Ah-sol started picking on Yoon Se-bin, who was sitting next to Nam Woon-myung, as soon as she sat down, as if she was very annoyed by him.

“That’s my seat.”

Yoon Se-bin glanced at Hyun Ah-sol and then immediately ignored her.

HyunA Sol raised her voice again.

“I told you, that’s my seat.”

“So? You want me to go over there?”

“Yeah, your opponent is Changmin oppa.”

Yoon Se-bin glanced at Hyun Chang-min and answered.

“I’ve said many times that I won’t get married… but you want me to marry your older brother?”

“Oh! Is that so?”

Hyun Ah-sol looked at Yoon Se-bin and Hyun Chang-min alternately for a long time, thinking.

Nam Yunming understood her inner feelings.

If Hyun Chang-min and Yoon Se-bin join forces, it will be very disadvantageous for her. Although they are currently on the same side against her father, they are fundamentally rivals. She will not like it.

“What do you want to do?”

“Just stay there.”

HyunA Sol took a step back, seemingly reluctant.

Nam Woon-myung also didn’t feel like sitting next to Hyun Ah-sol, but fortunately it all ended without a hitch.

After pouring the whiskey glass, Hyun Chang-min took the lead in the conversation.

“What should we do from now on?”

Hyun Chang-min and Hyun Ah-sol also felt that Hyun Jae-seop was cornered by the Bukseong Distribution incident. There was even a risk that the group could break up. Bukseong Pharmaceuticals belongs to Hyun Ah-sol, who is a family member, but Bukseong Distribution has escaped the owner’s family.

Still, I am confused as to whether I should trust Korea Asset Management or Mega Asset Management.

“Shall we just go ahead?”

Nam Yun-myeong answered.

“how?”

“You don’t have to do anything. If you leave it alone, the chairman will give up on his own.”

The way to help him is for Hyun Ah-sol and Hyun Chang-min to remain as they are. It is also the way for him to take care of them the most. On the other hand, if it goes against his strategy, there is no reason to take care of them.

“Bukseong Construction and Bukseong Chemical Energy are very large companies compared to other affiliates. They have a huge amount of cash assets. If my father tries to get his hands on those companies again, it will be difficult for us to be safe.”

Hyun Chang-min confessed his worries.

“I don’t see it that way.”

As Nam Woon-myung laughed, Hyun Chang-min shook his head and refuted.

“Don’t look down on the Bukseong Group. Today, Father warned you again. If we end the war at this level and Asol and I divide the Bukseong Bio affiliates appropriately…….”

“It’s mine, why share it?”

“What are you talking about! Bukseong Digital Solutions was originally mine. If it weren’t for you, I wouldn’t have been kicked out!”

“That’s because my brother is bad at management.”

“Are you greedy and going to eat it all by yourself? I won’t stay still!”

Two siblings were arguing.

Pathetic things! Nam Woon Myung quickly evolved.

“We are on the same side now, so let’s not fight. It’s still a long way to go before we reach a conclusion. And I want to tell you clearly that you shouldn’t make any hasty moves. If you do something that benefits the Chairman, then I won’t be able to look after you two either.”

“This is a natural right…….”

Nam Woon-myung warned again at Hyun Chang-min’s loud voice.

“Corporate management is not done by major shareholders, but by capable people. If you are not capable, you should be satisfied with being a major shareholder who receives dividends.”

It was an unfamiliar claim to Korean sentiment, and neither Hyun Chang-min nor Hyun Ah-sol seemed to take it to heart.

Anyway, Nam Yun-myeong warned.

We can only hope that they will behave properly in the future.

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