God of Corporate Hunting - Chapter 264



Only Noblemtl
Read Novel Noblemtl

◈ Episode 264 Ambebrew (1)

“Hello. This is Nam Woon-myeong, director of Mega Asset Management and Korea Asset Management.”

In silence, Nam Woon-myung confirmed the anxiety on the CEOs’ faces.

In fact, the presidents and executives who are not directly related to the owner are like flies. They are all contract workers and have to step down at any time if their performance is poor.

“I know you must have been nervous about all the rumors you’ve been hearing. But if you’re a good boss, you don’t have to worry. Right?”

There was no one who agreed with Nam Woon-myung’s words.

The person sitting in the front row grinned and muttered.

“What’s the matter… I have to ride the line well.”

If you ask any group president, you will get the same answer.

Loyalty to the group leader takes priority over performance. No matter how capable you are, if you rebel against the chairman, you will be fired.

Nam Woon-myeong also knows their inner thoughts well.

“As you know, I work in private equity. What are the characteristics of private equity?”

“We are reselling the company by increasing its value.”

From a corporate perspective, private equity funds are nothing more than a temporary acquisition of a company and then a sale. Private equity funds have no real intention of running a company.

Nam Yun-myeong answered with a smile.

“Yes, there is another side to it. We change company managers frequently. If the performance is good, we keep them, but if the performance is bad, we replace them right away. The priority is performance. I will make this point clear to you today.”

The bosses’ murmur grew louder.

“First of all, performance! Second, performance. Up until now, it was enough to stick to other affiliates or groups and manage things appropriately. However, from now on, I ask that you independently develop your own survival skills. You don’t have to worry about what other affiliates think. Do you understand what I mean?”

One person raised his hand and asked a question.

“So does that mean you will eliminate internal transactions between group affiliates?”

“You can’t just get rid of it. The key is to increase competitiveness. That means expanding externally rather than relying on sales within the group.”

A variety of questions followed.

Nam Yun-myeong consistently maintained similar answers.

“What about the deal with Bukseong Chemical Energy?”

“We will maintain the current status. But we don’t know when it will be cut off. We must be prepared.”

“What if a letter of cooperation comes from over there?”

“You can make your own judgment. There is no reason to be obsessed with the group companies like in the past. This principle applies equally to the affiliates that are present as well as the affiliates that are not present here today.”

The managers looked at each other with troubled expressions. The pressure was a hundredfold because they were told to completely fend for themselves.

Jeon Du-il, the president of Bukseong Bio, raised his hand.

“The CEOs who didn’t come here today, were they not invited? Did you intentionally not call them?”

“That’s right. You can see that the group is currently divided.”

The commotion grew louder.

It was something they had guessed, but when they actually confirmed it, most people didn’t know what to do.

In fact, the presidents of the affiliated companies did not belong to this group by their own will. After the civil war broke out, as time passed, they naturally belonged to a certain camp.

If you don’t like it, you should just resign and leave, but that’s not possible. Most people cling to their positions not because they like the chairman, but because they have to work.

President Jeon Du-il asked again.

“Then please answer one thing clearly. The head of that side is Chairman Hyeon Jae-seop. Who is this side? Is it you? Or is it Representative Yoon Se-bin? Or is it Ms. Joo Do-hee? Or is it Ms. Hyeon Jae-eun?”

Jeon Du-il hit the nail on the head.

Unlike the other side, the identity of the commander is not clear here. Soldiers are used to watching the general’s face in war. I insisted to the bosses who are accustomed to that culture that the line is not important, so they had no choice but to be confused.

Nam Yun-myeong waved his hand.

“You still don’t understand what I’m saying. If the company’s performance is good, it doesn’t matter where the line is. It means that you don’t have to worry about who the CEO is.”

“Does that mean there is no commander?”

“You can see it that way. If you really want to be the leader…….”

Nam Woon-myeong pointed to the door at the front of the conference room.

The door opened and a woman with a cane came in.

This is Mrs. Joo Do-hee. Next to her was her daughter, Hyeonjae Eun.

At her appearance, the heads of affiliated companies jumped to their feet.

“Hey, is your wife here?”

Nam Yun-myeong smiled bitterly at the sight of everyone bowing their backs simultaneously.

The inevitable commander-centered culture, the military-style culture, was still prevalent.

As expected, Joo Do-hee’s influence was tremendous.

As the chairman of the Bukseong Cultural Foundation, he secretly exerted influence on the group companies through Bukseong Life Insurance, and the afterglow of being the widow of the late Chairman Hyun Man-heum still shined. When it comes to executives, the years spent with her cannot be ignored.

“Nice to meet you all.”

After Joo Do-hee raised her hand to greet everyone, she took a seat in the front corner.

Thanks to that, Nam Woon-myung’s instructions today had a lot more weight.

There were various reasons for convening the executive committee.

First of all, I hoped that each affiliate would work hard without wavering and with a firm mind.

Recently, there have been many rumors about the Bukseong Group and the loosening of its management structure, which has led to a lot of talk. Now, it is time to clearly show that this is not a group run by Chairman Hyeon-Seop.

At least for the affiliates present today, Chairman Hyeon-seop’s instructions will not be as easily accepted by the affiliates as in the past.

It also made the group feel divided. This also has the effect of uniting the faction in the coming civil war.

Lastly, I asked Chairman Hyun-Seop about his thoughts.

After the civil war in the North Star Distribution War, the two sides have maintained a state of peace for quite some time. In any case, the current situation is such that it is difficult for the Seop side to take the initiative due to lack of funds, but it cannot continue to flow like this.

In other words, if you provoke him in this way, Hyun-Seop will inevitably react in some way.

Because today’s meeting showed the reality that at least half of the affiliates have fallen out of the chairman’s hands.

Then a sensitive question arose.

Whether Mrs. Joo Do-hee and Chairman Hyeon Jae-seop have completely split, or whether Mrs. Joo Do-hee is pushing Hyeon Jae-eun as the next CEO.

Nam Woon-myung ended the meeting by avoiding answering questions.

* * * * * * * * * * * * * *
* * Baca Novel Korean * *
* * * Noblemtl dot com * * *
* * * * * * * * * * * * * *

* * *

Even after the meeting, the shock from the executives did not subside.

The presidents who confirmed the departure of Joo Do-hee and Nam Woon-myung were busy expressing their opinions and gathering rumors.

“Should we consider that we have completely broken away from Chairman Hyeon-seop?”

“Yes. We are a subsidiary that rebelled. Will the group take care of us?”

“Is it better? It’s hard to tell.”

“Life is something that will have to be criticized anyway. You have no choice but to work hard and be recognized.”

“My brother and sister have become complete strangers. Will Mr. Eun rise to power now?”

The bosses expected that over time, the divided groups would operate independently, as the original North Star group and as a different North Star group.

Amid these predictions, two new companies are attracting attention.

Currently, it is Bukseong Foods, of which Eun-i is the major shareholder, and Bukseong Machinery, of which Hyeon-aram is the major shareholder.

Bukseong Foods had been virtually insignificant within the group, and Bukseong Machinery showed its presence when Bukseong Securities increased its capital, but it was not mainstream.

But today, the situation changed with the appearance of Joo Do-hee and Hyun Jae-eun.

If Hyun Jae-eun takes office as the next chairman of the Bukseong Cultural Foundation, he will effectively be installed as the new leader of the Bukseong Group.

“Congratulations. You’re back in the core group.”

The CEOs rushed to get in touch with the CEO of Bukseong Foods.

Similar interest was focused on Bukseong Machinery.

Some even mentioned the bright future of Bukseong Machinery.

“Let’s take this opportunity to acquire the Daehan Chosun Group as well!”

In the midst of the chaotic gathering and dispersal of the CEOs, there was one person who was particularly lonely.

It was Yoon Se-hyuk who had recently taken over as president of Bukseong Card.

Yoon Se-hyeok, who became president with the recommendation of CEO Hyun-seop and the tacit approval of the Korea Investment & Securities Group, did not have a single close friend here. As a result, he had no one to talk to or a place to get information.

Moreover, Bukseong Card was not even a major affiliate of the group. It was merely an insignificant affiliate that was affiliated with Bukseong Securities and then fell into chaos when Bukseong Securities collapsed.

No one paid attention to Yoon Se-hyuk’s existence.

Yoon Se-hyuk, who had never been ignored like this before, gritted his teeth and left the conference room.

‘I have to report this fact to Chairman Hyun-Seop.’

The only rope he currently holds is Chairman Hyun-Seop. So, in order to make that rope stronger, he had to share this information. Since it was something that would reach his ears anyway, he had to hurry faster than anyone else to be recognized for his loyalty.

In particular, today’s work was also intertwined with my younger brother, Yoon Se-bin.

In fact, it was as if Yoon Se-bin had thrown down the gauntlet to the Bukseong Group.

If Hyun-Seop and Yoon Se-Bin clashed, there was nothing for him to lose. In fact, there was even a possibility that he would seize the opportunity during the civil war.

He thought that he would sell his soul to Hyun-Seop if he could bring down Yoon Se-Bin and regain control within the Korea Investment & Securities Group.

As he left the chaotic conference room, Yoon Se-hyuk’s fighting spirit burned.

I had no intention of remaining the president of the small North Star Card company forever.

* * *

After lunch, I was sinking deep into my chair feeling tired when I heard the news of Yoon Se-hyeok’s visit.

Hyun-Seop habitually frowned.

How dare the president of an affiliate company barge in and request an audience with the chairman without even notifying him.

If he were the president of a normal affiliate company, he would have been demoted immediately.

But the opponent is a bit of a strange guy.

Yoon Se-hyuk of Korea Investment & Securities Group. He is not someone you can’t kick out if you want to, but he is still a useful person.

“Tell them to come in.”

It was clear that he had brought new information.

Yoon Se-hyuk came in with the same face as before and bowed.

“Yeah, what’s going on?”

“Mr. Chairman, do you happen to know about the Bukseong Group executive board meeting?”

“A meeting of executives? I’ve never hosted one.”

“A large number of CEOs have gathered today.”

Hyun-Seop was shocked. In terms of past history, a meeting of executives without the chairman’s knowledge would be like a gathering of generals without the king’s knowledge, and it would be tantamount to treason.

“Who instigated it?”

“This is Mrs. Joo Do-hee.”

Only then did I understand. It had been a long time since the Bukseong Distribution Civil War, so it was time for that. I could really feel the enemy’s intention to split the group and leave.

“Yes, who is the president who agreed?”

“That’s the lineage. The Bukseong Bio and Bukseong Life lineage.”

When he learned of the situation, Hyun-Seop was relieved. His influence there was already limited. However, as long as the presidents of the affiliates he currently controls did not waver, there would be no problem.

“You saw it clearly, right?”

“I don’t know all the bosses…….”

It didn’t matter since it would come out soon if I investigated anyway.

I became curious about what Mega Asset Management was up to.

In the past, he would have been anxious and frantic about coming up with countermeasures, but now it’s different. Behind him is KR Investment Group, which promised to help. Isn’t it a global private equity fund that surpasses Mega Asset Management or Korea Asset Management?

Is it time to get moving?

“Thank you for letting me know, President Yoon Se-hyeok.”

“I am always on the chairman’s side.”

“I know. That’s why…… Please find out what they’re up to. If you can tease your little brother, you’ll get some useful information.”

“That, that…….”

“Keep asking for information. I will help you in every way possible to find your place in the family.”

Hyun-Seop Hyun noticed the anticipation on Se-Hyeok Yoon’s face.

As expected, age and experience cannot be fooled.

Read Novel Noblemtl
Read Novel Noblemtl