God of Corporate Hunting - Chapter 259



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◈ Episode 259 New Front (5)

During the dinner party, Nam Woon-myung performed a special task.

In addition to Yoon Se-bin and Bae Joo-hyun, who had originally promised, five people gathered, including Bae Joo-kwang and Hyun A-ram.

Naturally, the conversation turned to the issue of the Bukseong Group.

“Is the current president quiet these days?”

“Yes, there is no special movement yet.”

Hyun Aram explained Hyun Jaeseop’s current movements.

Currently, Seop has no spare funds and his shares are tied up as collateral. It is also difficult for him to receive large dividends from affiliates.

For now, there is no way to raise funds by listing unlisted affiliates. The only way out is to sell some of the shares in affiliates with a large stake when their value skyrockets.

Of course, there was one such affiliate. It was Bukseong Pharmaceutical.

Compared to before the development of the obesity treatment, the stock price has jumped 20 times. The problem is that I do not own any stocks of Bukseong Pharmaceutical, so I could not receive the profits. Although I do own some stocks of Bukseong Bio, Bukseong Bio did not participate in the paid-in capital increase of Bukseong Pharmaceutical, so even that profit was limited.

Currently, it is difficult to even pay interest on funds borrowed from the bank, let alone exercise the call option on the shares sold to the private equity fund.

“In the past, we would have raised funds by establishing a new company like Bukseong AF Tech and incorporating it as an affiliate…….”

Hyun Aram glanced at Nam Woon Myung.

This is because we know that the current major shareholder of Bukseong AF Tech is Mega Asset Management.

“We have blocked all such methods.”

Nam Woon-myung answered honestly.

Since Hyun-Seop is only half the chairman of the group, his attempts to pursue his own interests have repeatedly met with opposition from Joo-Hee Joo, Korea Asset Management, and Mega Asset Management.

No matter how much of a conglomerate chairman he is, he has no ability to generate high profits when he is on the same level as an ordinary shareholder.

I wonder if there is a way for the chairman to increase his own salary.

“How much is the current president’s annual salary?”

“It is the best among the large corporations in our country.”

There are already so many that if we raise it any further, we will face a backlash from public opinion.

In this situation, the call option to buy back shares within the given five years cannot be exercised.

Nam Yun-myeong emphasized this fact to everyone.

“If you see any special movements from Chairman Hyeon-seop, please let me know. He is not a great man who will back down easily.”

“I will do that.”

Unlike Hyun A-ram, who answered obediently, Bae Ju-gwang glared at Nam Woon-myung with a look full of discontent.

“What do I gain by cooperating like that?”

Hyun A-ram poked Bae Ju-kwang in the side, but Bae Ju-kwang did not show any hostility.

Strictly speaking, there is no benefit to the owner’s family.

The owner’s family was split in two, and a large portion of their shares were mortgaged due to inheritance taxes and civil wars. There was only one person who hit the jackpot. That person was Hyun Ah-sol.

She amassed several times her wealth through the surge in the stock price of Bukseong Pharmaceutical and, based on this, owned half of the group’s affiliates. Of course, this was possible because Mega Asset Management was supporting her behind the scenes.

“Not suffering a loss is also a gain.”

“Your sister-in-law benefited a lot, didn’t she?”

“On the other hand, think about Hyun Chang-min or Hyun Chang-yoon.”

Hyun Chang-yoon is still on Hyun Jae-seop’s side, and their old relationship continues. It is natural behavior considering the future inheritance.

However, he was hit hard by investing overseas slush funds in Petanos.

That incident was like a nuclear bomb to Hyun Chang-yoon and his entire family. As a result, they are experiencing financial difficulties just like Hyun Jae-seop.

This became an excuse for Hyun Chang-min, who had been ambiguously joining Nam Woon-myung’s side, to return to Hyun Jae-seop’s side.

“Well, compared to Changmin…….”

Bae Ju-gwang agreed, though he could not suppress his dissatisfaction.

In fact, Hyun Aram also made some profit.

He received a commission while mediating the paid-in capital increase of Bukseong Securities, and later purchased the actual stocks of Bukseong Pharmaceutical together with Hyunjae Eun. However, that is not enough to satisfy him.

In fact, Bae Joo-kwang’s dissatisfaction lies elsewhere.

The guy had been watching Bae Joo-hyun closely since they met.

Of course, Bae Joo-hyun, who behaved leisurely without showing it at all, was impressive with her tanned skin from suffering in Saudi Arabia.

The gap between the two people who were competing for the management rights of Daehan Shipbuilding has now widened significantly.

Bae Joo-hyun was the largest shareholder of a company worth a whopping 60 trillion won.

Since Vectorfly has handed over all authority related to building vertiports to Daehan Hydrogen Engineering, the amount of work has increased significantly.

Daehan Hydrogen Engineering, together with the Vertiport Business Group established jointly with Saudi Arabia and the UAE, is jumping into the bid battle in cities around the world. New York and Shanghai are next in line.

Another growth axis for Daehan Hydrogen Engineering is marine engines. Now, shipbuilders other than Daehan Shipbuilding are requesting the purchase of hydrogen fuel cell engines.

In addition, as Daehan Marine was also cruising along well, its influence in the Daehan Shipbuilding Group was greater than that of Chairman Bae Jong-wan.

He has long surpassed his father, President Bae Joong-ho.

“Hyung, I founded and developed Daehan Hydrogen Engineering purely by myself. My father never helped me. You know that, right?”

The slush funds that were put in at the beginning of the establishment were gifts that the two had received equally when they were young, so Bae Ju-gwang could not be dissatisfied.

“I know, too. But… if you’re doing that well, your family will have to take some of the blame too!”

He is demanding that Daehan Shipbuilding and Daehan Heavy Industries be given his share.

It’s not that Bae Joo-hyun doesn’t know this. However, she absolutely cannot accept it because she knows that if she passes it on to Bae Joo-kwang, it will be over before long.

“If you have the ability, you take it. On the other hand, if my brother had been successful, how much would he have given me?”

“I have an angelic heart, so of course I would have given you your share.”

Bae Joo-hyun just swallowed a hollow laugh at the obvious empty words.

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Bae Ju-gwang’s complaints were again directed at Nam Un-myeong.

“So you’re not going to let it fall on us? You’ve been cooperating a lot so far, right?”

“Just wait. If you persevere and study management diligently, opportunities will come.”

“Ah, shit. Nothing’s going right.”

Bae Ju-kwang stood up from his seat, hurling harsh insults.

I guess he was disappointed because he came expecting rice cakes but didn’t get anything.

Bae Joo-kwang was originally that kind of person, so there was nothing to be offended about.

The meeting is over.

As they left the coffee shop, Nam Woon-myung gave Hyun A-ram a favor.

“Be careful not to have an accident.”

“i know.”

Hyun Aram answered as if it was obvious, but Nam Woon Myung sighed as he looked at the backs of the two people.

* * *

Hyun-Seop Hyeon quietly looked at the blonde white woman sitting across from him.

This is a quiet Korean restaurant located at the entrance of Bukaksan Mountain. It was a regular restaurant he often visited when entertaining politicians.

Since he rarely had the opportunity to meet a young woman alone for work, Hyun-Seop was enjoying a new feeling.

Moreover, the woman in front of him was so beautiful that it was the envy of others. Since he had been with many women during his youth, he recalled those times today.

“So, why did KR Investment Group come to me?”

She is a beautiful young woman, but her background is different. She is the vice president of KR Investment Group, a leading private equity fund. KR Investment Group is a big player that actively carries out various investments all over the world.

The fact that such a young woman was holding the position of vice president also subtly hinted that her status was connected to the founder of KR Investment Group.

“We looked into the complex relationship between Bukseong and Koryo Asset Management.”

Avery touched his sore spot.

Even though it’s not that good, it’s clearly worth mentioning.

Hyun-Seop noticed that a good offer was coming from the KR group.

Since he was currently in a situation where his hands and feet were tied and he could not do anything, it was like a lifeline sent down from heaven to him.

At least KR Investment Group had that much ability.

“Haha, but?”

“On the surface, the transaction flow seemed to be without any particular problems, but…….”

Avery glanced at him.

Hyun-Seop caught a glimpse of her maturity that was beyond her years.

With the passion of youth, the role of Everly, who was more cunning than Yoon Se-bin, suited him better.

“But?”

“……Looking at the details, it seems that the Bukseong Group is in a difficult situation. Is this the only way to get back the group shares that were entrusted to Korea Asset Management?”

As expected, the other party had a clear understanding of all the details.

“Hmm, well?”

“In addition, Yoon Se-bin, CEO of Korea Asset Management, recently acquired CSK and is doing even better. Now, it is difficult to fight back, so we have no choice but to be dragged around by our opponents. If a war breaks out in the future, we will be hit even harder than we were at Bukseong Distribution.”

“Haha, is that so? It’s a sin to be weak. You don’t have the skills to deal with money.”

Hyunjae Seop laughed heartily as if nothing had happened.

Reading his expression, Everly continued.

“That’s right. The key to business is financial power. CEO Yoon Se-bin has that. You… have difficulty moving around without it. That’s why….”

Everly’s voice lowered and her expression became sly.

“……Will KR Investment Group help you? If we help you, won’t you be able to fight and win against Korea Asset Management? After all, you have no other choice.”

An unexpected offer came in.

Hyun-Seop instinctively thought that this could be a great opportunity or a great crisis. It may seem like goodwill on the outside, but there is no such thing as a free lunch in this world.

“Haha, thank you for helping Bukseong. But why?”

“Because there’s a lot to eat in Bukseong.”

Everly didn’t hide his greed.

“Now it’s so tattered that there’s nothing left?”

“No, that’s not true. The assets of Goryeo Asset Management and Mega Asset Management, which are attached to Bukseong, are quite attractive.”

Hyun-Seop Hyeon realized that the target of Everly was not the Bukseong affiliates, but Goryeo Asset Management and Mega Asset Management.

KR Investment Group is not trustworthy, but the enemy of my enemy is my friend. At least KR Investment Group can trouble the two asset management companies. If I’m lucky, I can even ruin them. That’s because of the difference in size.

Again, with his hands and feet tied, he had no other choice.

“What are you talking about?”

“KR Investment Group will support you. It’s a war that we’ll have to fight someday anyway. If war breaks out, the two asset management companies will have no choice but to pay a price and become weaker. That will be good prey for us.”

Everly’s proposal was valid.

Korea Asset Management and Mega Asset Management are not solid asset management companies with a long history. They are new asset management companies that were established not long ago.

Now that the rate of return is high, many LPs are entrusting their funds, but the moment a loss occurs, the LPs turn away and the company faces a financial crisis. The same goes for CSK, which they have grabbed. When a loss occurs, hidden bad debts are revealed again and liquidity is lost.

In such a situation, the two asset management companies cannot be safe. They could be swallowed up by Buksung or by KR Investment Group.

The starting point is when the two asset management companies suffer losses due to investment failures. In other words, if he wins the final war, the whole situation will be turned upside down.

Hyun-Seop Hyun realized a new approach that he had never thought of before.

All this time, I was only worried about how to protect and recover the affiliates of the Bukseong Group, but the Everly in front of me was looking beyond that. If a civil war simply breaks out in my own camp, there is no way to win against the opponent. However, if the front is provoked by the opposing camp… … .

Didn’t the old saying say that attack is the best defense?

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