God of Corporate Hunting - Chapter 252



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◈ Episode 252 Saudi Arabia and UAE (2)

Nam Yun-myeong explained his plan to build VF-3 into a global UAM transportation network.

In fact, the investment in the infrastructure for takeoff and landing is greater than the cost of mass production. This part must be negotiated separately by each country.

Initially, we planned to establish the headquarters of the infrastructure construction business unit in Bui City in cooperation with Saudi Arabia, but we ended up establishing the company by involving the UAE as well.

The company name is Vertiport Business Unit.

Saudi Arabia is fully qualified as a partner as it possesses the technology accumulated in NEOM City and the UAE has also acquired related technology through the Dubai project.

The Korean company that will carry out the actual work is Daehan Hydrogen Engineering.

The Daehan Shipbuilding Group takes the lead in establishing the Vertiport Business Unit.

As a result, the investment amount from both countries increased to 3 billion dollars, and everyone willingly signed the investment agreement.

“I only trust the Korea Asset Management Consortium.”

“I will invest more in the future.”

The Crown Prince and Ashur did not back down at all. It was a natural reaction, seeing the food and technology of the future.

As a result, the two countries decided to invest $6 billion in future transportation network UAM companies. The Korea Asset Management consortium also put in the same amount together with CSK.

With this, the future of the VF-3 becomes clear.

The VF-3 transport network has been confirmed for LA, Riyadh, and Abu Dhabi.

* * *

The Saudi side returned with McClain, and Nam Woon-myung attended the dinner invited by Seon Yoon-ah, Yoon Se-bin, and Ashur.

We rented out the entire hotel restaurant and had a Mexican dinner.

“Nice to see you again.”

“It is an honor to meet you too.”

Nam Yun-myeong greeted Ashur again while eating.

“There’s one thing I’m curious about…….”

“Please speak.”

“Who called Saudi Arabia?”

“Ah! That was the original purpose of building a UAM transportation network connecting the city center of Riyadh, the capital of Saudi Arabia, and the airport.”

Nam Yunming told the truth without hiding anything.

In order to mass-produce the VF-3, Saudi Arabia had to be involved in addition to LA. In order to sell the VF-3 to Riyadh, Saudi Arabia had to be invested in a mass-production company.

Ashur asked, frowning.

“Then why did you drag us in?”

It cannot be revealed that it was a stepping stone to attract Saudi Arabia.

“That’s to build a VF-3 transportation network in Abu Dhabi.”

As a result, we decided to sell VF-3 to Abu Dhabi as well. That is not wrong.

“hmm.”

As Ashur shook his head, perhaps feeling suspicious, Yoon Se-bin proposed a wine toast.

The mood returned to a good one, and Nam Yunming checked the status of Ashur and the hydrogen industry.

The UAE hydrogen plant companies, established as a joint venture between Daehan Hydrogen Engineering and the UAE, are gradually taking shape.

Various investments in facilities are being made to build a hydrogen economy centered on technology that converts the abundant solar energy in the Middle East into hydrogen energy and stores it. This is the so-called post-petroleum industry.

Thanks to this, Daehan Marine and Daehan Hydrogen Engineering have been busy increasing sales in both Saudi Arabia and the UAE.

“I appreciate the transfer of hydrogen technology.”

“CEO Bae Joo-hyun is paying special attention to it.”

“Ah! That guy? He’s a nice guy. He works hard too.”

Bae Joo-hyun spends half of his time in the Middle East these days. For him, this business is a life-changing venture. As it is a key business that will bet his fortunes on, the support of the Daehan Chosun Group has also been active.

The group has achieved its long-held goal by adding a stable hydrogen plant business to the shipbuilding industry, which is experiencing severe economic downturns.

Naturally, Bae Joo-hyun solidified her position as the next CEO.

Since Ashur also likes Bae Joo-hyun, the business will continue to go smoothly in the future.

Nam Woon-myung further discussed the UAE’s hydrogen technology business and presented a solution. Yoon Se-bin confirmed CSK’s investment.

As we were finishing our meal in a pleasant atmosphere, Ashur’s attendant approached us and spoke softly.

“Ms. Avery Grant from KR Investment Group came to see us.”

Not only Nam Woon-myung, but also Yun Se-bin was interested.

KR Investment Group is one of the world’s leading private equity fund management companies. Founded in the 1980s and headquartered in Washington, D.C., it is a dinosaur in the private equity industry, managing approximately 200 trillion won.

A meeting between the head of the UAE sovereign wealth fund and a representative of KR Investment Group is not an unusual event, but as a fellow private equity fund manager, I would be lying if I said I was not nervous.

“Right now… I’m discussing other business, so let’s meet later.”

When Ashur refused to meet, Nam Yunming immediately asked.

“Now that we’ve finished eating and have had our share of business… shall we leave first?”

Ashur glanced at him and Yun Se-bin and shook his head.

“There’s no need to give up your seat. Well, then how about we watch it together?”

Nam Yun-myeong was in full agreement.

Above all, I was curious about the business that KR Investment Group and Assur were promoting together.

“We are fine.”

Yoon Se-bin, who guessed his mind, agreed.

As Ashur conveyed his message, two men came in from outside.

They moved to a new table and rearranged their seats.

The two people from the KR investment group were a middle-aged man and a young woman in her thirties. Judging from their behavior, the young woman was the superior and the middle-aged man was the worker or attendant.

The woman who greeted Ashur also handed out business cards to Nam Woon-myung and his group.

“This is Avery Grant. I’m the COO of KR Investment Group.”

COO stands for Chief Operating Officer, which in the past was equivalent to a Vice President.

Nam Woon-myeong gave a business card as the director of Mega Asset Management, and Yoon Se-bin introduced herself as the CEO of Korea Asset Management.

Everly was delighted to hear the name Yoon Se-bin.

“Ah! So you’re the Korean who took over CS?”

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“I heard your name too.”

Yoon Se-bin also shook hands happily.

Nam Woon-myung also remembered hearing the fame of Avery Grant.

I heard that she was the granddaughter of the chairman of KR Investment Group. She majored in business administration at Harvard and joined KR Investment Group after graduation, and is currently consolidating her position.

He led management innovation within the KR investment group and made many successful investments. In short, he was a key figure who was the backbone of the company and had sufficient capabilities.

Her appearance was also striking: she had striking blond hair and blue eyes, typical of Caucasians.

He is a person who has been born with a silver spoon in his mouth in many ways.

As soon as he sat down, Everly took the lead in the conversation with his characteristic confidence.

“I’ve tried to meet you several times, but strangely our schedules got mixed up. When I visited you, you were on a business trip abroad, and when you came back, I was busy with something else… So, since you happened to be making an unofficial visit to California, I asked for an interview, despite my rudeness.”

In fact, an unofficial visit is much more advantageous than an official visit to meet Ashur.

“I see. Since we were going to meet anyway, I called you here.”

Ashur also treated his opponent politely.

There was a temperature difference between the two that Nam Woon-myung felt. While Evely was friendly, Ashur was somehow stiff. While the two were talking, he looked at her fortune. Since he didn’t know her date of birth, he couldn’t know her fate, so he only looked at her face and her fortune for the near future.

Since he was born with a silver spoon in his mouth and was capable, there was really nothing to check… … .

‘She’s an interesting woman.’

There was a vague sense of life’s ups and downs, not settling for a life of luxury. Of course, it wasn’t clear whether it was because of her or because of family problems.

In any case, as the vice president of a company that handles 200 trillion won, his influence was enormous.

“The reason I wanted to meet you today is because of our joint venture with KR Investment Group. We recently came across a good raw materials investment opportunity. As you know, raw materials prices are skyrocketing these days, right? So…….”

Everly, who was explaining diligently, glanced at Yoon Se-bin.

“Ah! Does Korea Asset Management also invest in raw materials?”

“We’re also tinkering with it a little.”

Yoon Se-bin answered in a dry voice.

“What kind of raw material?”

“Lithium.”

“ah!”

Everly glanced at Yoon Se-bin and Nam Woon-myung with a displeased expression.

“Where is the mine?”

“It’s India.”

“Our lithium is from Australia… Ah! India? It’s a dangerous area there, so it’s hard to mine. It won’t be worth it, so you must be having a hard time. Did you meet with Assur to recommend investing in a lithium mine in India?”

“That’s not it.”

Nam Woon-myung noticed that Everly was not friendly to them.

It was the first time I saw him, and he showed clear hostility even though there was no reason for us to be on bad terms.

“Is CSK doing well these days? We also considered acquiring CS. However, the risk was too great, so we couldn’t make a deal. Investments prioritize stability. As far as I know, Korea Asset Management’s assets and funds are smaller than ours… Don’t you think you’re pushing yourself too hard?”

I was surprised that someone could say such blatant and insulting things to someone’s face.

Nam Woon-myung became increasingly curious about Everly’s brain structure.

“Of course, life is a one-shot deal, so you have to know when to lose. CSK is tempting. Especially if you have the greed to grow quickly like Korea Asset Management. But will you really make a profit there? I hope you’ll be safe in the future.”

Yoon Se-bin frowned and retorted at the increasingly provocative tone.

“KR Investment Group is being too cautious.”

“The money of the LPs who entrusted us with investments is precious. We cannot waste it carelessly.”

“If you look at it that way… there were quite a few failed investments, weren’t there?”

“You can’t succeed in every investment. KR Investment Group’s investment returns are quite high compared to its size. Of course, Korea Asset Management’s returns could be higher because it is smaller.”

It is true that as the investment amount increases, the investment becomes more difficult.

If we look at each country’s sovereign wealth fund, we can see that in addition to direct management, they distribute investment funds to several external management companies for management.

The war of nerves between the two flared up like sparks.

“Korea Asset Management has yet to have a failed investment.”

“Huh? Well, it hasn’t been that long since it was created. It’ll be different when it’s time to collect it after three years.”

“Even if you withdraw it right now, the rate of return is quite high.”

“Even so, I don’t think it’s at a level that can compete with KR Investment Group.”

The argument between Yoon Se-bin and Everly became longer.

Ashur, unable to stand watching, stood up from his seat.

“Okay, it seems like there’s nothing much to say, so let’s get up now. Mr. Everly, please formally submit a document requesting investment. I’ll review it.”

“Are you getting up already?”

Avery paused in disappointment.

“I’m originally a busy person.”

After Ashur politely greeted Yoon Se-bin, he left without even making eye contact with Everly.

Yoon Se-bin said with a sly smile.

“I guess your offer didn’t interest you very much.”

“Wouldn’t it be the same for you? We’d have the upper hand over you anyway. Ashur is very meticulous.”

Yoon Se-bin said goodbye without even listening to what the other person had to say.

“Then see you next time.”

“Yes. You’ll probably see it a lot when you’re on the international stage. CSK is a long-standing financial institution… so be careful not to ruin it.”

Everly, who had been arguing without giving in until the end, quickly went out first. Still feeling lingering, he followed Ashur diligently.

“Phew.”

Yoon Se-bin let out a long sigh.

Nam Woon-myung was there to comfort her.

“She’s a strange woman.”

“I guess I was interested because I was getting attention since I’m about the same age. However, KR Investment Group is a place where it’s hard to ignore its influence…….”

“You can press it with the return on investment. Ashur didn’t trust that woman that much either.”

Nam Yun-myeong confidently declared.

Yoon Se-bin looked at the place where Everly had disappeared with an indifferent gaze.

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