God of Corporate Hunting - Chapter 268



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◈ Episode 268 Ambebrew (5)

Nam Woon-myung was able to see through the truth in Hent’s constantly changing expression during the negotiation process.

It is true that Ambevbrew agreed to hand over Modelo for $2 billion through an implicit agreement with KR Investment Group.

It was the best for Ambevbrew, which needed investment funds in the midst of the recent financial crisis. It was a reasonable deal, even though it was in line with the KR Investment Group’s strategy.

It was a satisfactory deal, as they also had two options, a call option and an out, in preparation for the future.

But in this situation, Nam Yun-myeong made two demands.

It was as if he knew about the KR Investment Group’s operation.

Ambevbrew also does not want the model to go bankrupt. They planned to buy it back later when their liquidity is sufficient.

Therefore, Nam Woon-myung’s request to secure a sales outlet was reasonable and was naturally accepted.

However, the sale of the Korean beer company was not planned.

The company had high profitability and was not strategically intended to be sold immediately. However, the excuses made to sell the model turned out to be a trap.

According to Nam Un-myeong’s logic, there was no reason for them not to sell the Korean beer company.

“Huh, okay then.”

Anyway, Ambevbreu needs funds due to new investment in China. If they sell both Modelo and the Korean beer company, they can secure the investment funds.

Nam Woon-myung smiled brightly.

“I know that Ambev Brew acquired a Korean beer company in the past and sold it to a private equity fund to resolve its financial difficulties during the financial crisis. Then, when the financial crisis was resolved, they bought it back. We are aiming for a similar situation this time. We are also a private equity fund.”

It may have sounded sarcastic, but it was also a natural goal for a private equity fund.

Because private equity funds acquire companies and then resell them after increasing their value.

“We also hope that Ambevre’s financial difficulties will be resolved so that the two companies can be bought back.”

Gent also signed the sale with a call option attached to the Korean beer company.

On the way back, Yoon Se-bin asked.

“Thanks to you, we are now burdened with almost 7 billion dollars. Did KR Investment Group’s plan to dry up our finances succeed?”

“Anyway, we got our country’s beer company back, right?”

The beer that office workers drink on their way home from work suddenly became a product of a foreign company.

In a situation where imported beer is sold everywhere, including in convenience stores, talking about domestic beer may be out of date.

However, I was concerned that the beer most sought after by Koreans had suddenly gone over to foreign capital, but this has now been resolved.

Especially if the company’s profit margin is decent and its price is not high, it is a good investment.

“You went from wine to beer?”

Nam Woon-myung didn’t often drink in front of Yun Se-bin. In Yun Se-bin’s view, Nam Woon-myung only drank occasionally, and compared to the average office worker, he was one of those who rarely drank.

“Now that we’ve closed the deal, how about having a beer?”

I happened to see a pub on the side of the road. The sign clearly said Corona beer.

“Okay. Let’s try the Corona beer while we’re at it.”

Nam Woon-myung and Yoon Se-bin entered the pub.

While drinking beer, the two men pondered the remaining problem: how to raise the funds.

Nam Woon-myung pointed out two companies that the Korea Asset Management consortium had previously acquired.

“Those two are doing well now, right?”

“You can sell it for that high a price. It will be difficult to increase its value further in the future.”

In investing, it is just as important to sell high and get out as it is to buy low.

An ordinary investor would not dare to sell a company that is growing rapidly, but Namunmyeong is different. He can detect when the fortune of the company’s CEO is running out or the outlook for the industry is bleak.

Selling such companies is the way to ensure that funds are not tied up and circulate virtuously.

At the same time, he recommended the sale of companies in which CSK had invested and made profits.

When he explained the reason for his analysis in his own way, Yoon Se-bin also readily agreed.

To begin with, Yoon Se-bin and he never had any major differences of opinion.

KR Investment Group wanted this deal to put the Korea Asset Management consortium in a cash crunch, but they avoided that intention by selling off existing assets.

Still, they had enough ammunition to deal with the North Star group.

“Rather, the situation turned out to be favorable for us since KR Investment Group misjudged us.”

The enemy’s guard was broken.

“But why is Everly hostile to us?”

“I don’t know.”

Nam Yunmyeong also shook his head.

Strictly speaking, he is not hostile to us, but to Yoon Se-bin. He judged that he was caught in an ambiguous situation between the two.

There is no way to know the truth unless you get inside the other person’s head.

“Representative Yoon, let’s have a drink. Surprisingly, Corona beer is also delicious.”

It’s not the best-selling beer in America for nothing.

* * *

After Nam Woon-myung earned money and moved into an apartment, his mother Park Jeong-ae’s life changed.

In the past, I worked as a housekeeper every day and suffered from illness all over my body, but now I have returned to a leisurely life.

In addition, he recovered his health by going to the hospital at Nam Woon-myeong’s recommendation.

However, I couldn’t suddenly change all my lifestyle habits.

It was hard to quit a day job that I had been doing for over ten years. Habits are scary things.

Now, I habitually work part-time at the supermarket about two days a week and spend the rest of the days relaxing and enjoying my hobbies.

I actually enjoyed my work because it wasn’t something I did reluctantly because I was worried about my living expenses like in the past.

After Nam Woon-myung left for a business trip to the United States, Park Jeong-ae stopped by a department store to relieve her boredom.

Products that were previously difficult to even consider are now available to her if she wants to buy them. Of course, she still knows Nam Woon-myeong as a successful financial worker, and she has lived a difficult life in the past, so she is far from being wasteful.

Even now, when I buy something, I carefully compare the quality and price.

“This is expensive.”

Park Soon-ae, who had been choosing her own one-piece dress for a long time, turned around.

The clerk tried hard to catch her, but she waved her hand.

He changed his mind and decided that since he had no reason to wear nice clothes, it would be better to buy nice clothes for his son.

She headed upstairs to the men’s clothing store.

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Didn’t you say that your son’s status is only a director in name? If you’re a director, you have to wear clothes that fit the role, so you need one or two expensive clothes.

I happened to come across a store that looked quite luxurious. The price tags on the clothes gave me a slight shock.

“Mother, how did you come?”

“I want to buy a set of clothes for my son.”

“Ah! You must have a successful son. How about these clothes? These clothes…….”

The clerk bragged about the brand and said he had caught the customer’s attention.

Park Jeong-ae listened to the explanation and carefully examined the clothes.

Why are things so expensive these days?

There was a moment when I shook my head and turned away because I didn’t like it.

“Are you choosing clothes?”

A gorgeously dressed lady approached from the other side.

At that moment, Park Jeong-ae recalled the many times she had passed by this lady today. She was a complete stranger, but since she had met her so often, she had a growing suspicion that she was following her or that she was following her.

“who are you?”

“Hmm, I guess you don’t like Tom Ford?”

“It’s not that I don’t like it, it’s just because it’s expensive…….”

“Luxury products are expensive. Of course, if you don’t have money, you have to consider cost-effectiveness.”

The other person’s answer was quite harsh, so Park Jeong-ae looked at the lady again.

She is a successful Gangnam housewife who is decked out in luxury goods. But she has no idea why this woman is talking to her.

While she hesitated, the lady suggested again.

“Should I buy you a set? What’s your son’s build?”

“yes?”

Park Jeong-ae thought she had misheard and looked at the person again. No matter how much she looked at him, he was someone she didn’t recognize.

“Your son… is Nam Woon-myeong, right?”

Park Jeong-ae was so surprised that she couldn’t answer.

The woman spoke to the clerk, as if she had guessed her reaction.

“Please give me one of these. The size is… I’m a little over 180cm tall and I don’t have a potbelly… so this should fit, right?”

While Park Jeong-ae was still unconscious, he managed to hand her a shopping bag containing a suit.

“Who, who at what time…….”

“If you’re grateful, why don’t you buy me a coffee?”

Park Jeong-ae had no choice but to take the woman to a coffee shop inside the department store.

I ordered some coffee and asked again.

“But who are you?”

“Ah! The president of Korea Bank is my husband. My name is Im I-rye.”

Korea Bank? Park Jeong-ae also remembered hearing it. I think she said that Nam Woon-myung’s work was often intertwined with Korea Bank. If that’s the case, then this woman approached her intentionally.

Park Jeong-ae, who felt burdened, quietly turned her gaze to the shopping bag placed next to her.

“Don’t worry. I just wanted to see what kind of person Nam Woon-myung’s mother is.”

“Oh, yes.”

“Have you ever heard of Yoon Se-bin?”

“yes?”

Park Jung-ae also heard the name Yoon Se-bin quite often. It was the name that Nam Woon-myung mentioned the most when talking about company matters. She was confused as to whether she was a coworker or a boss, but she knew that they were quite close. Of course, this does not mean that they were close as lovers.

“Sebin is our daughter.”

“Ah! It’s your mother.”

“Well, technically she’s not my biological mother, but she’s my daughter anyway.”

Park Jung-ae was somewhat confused, but she understood because it was none of her business.

She was the bank president’s wife. To her, she was a woman as high as the sky.

Especially when I remembered the time when her husband went from bank to bank to ask for money during the AF Tech days, I realized once again how high-ranking the woman in front of me was.

“So what’s going on?”

“These days, Sebin and your son, Nam Woon-myeong, are getting a lot closer. Do you know that?”

“Because of company work…….”

“The problem is that you can’t distinguish between public and private.”

Park Jeong-ae was at a loss as to what to do with herself, wondering if Nam Un-myeong had had an accident with a precious daughter from a noble family.

Imi-Rye’s gaze, which was secretly looking down on her, was burdensome.

“Oh, my child is not that kind of child.”

“Everyone says that. Their children are cute. Dog owners say the same thing. Our dogs never bite.”

“What is that…….”

“Tell your son to be careful. Of course, I don’t think we are free from responsibility for not taking proper care of our daughter.”

“Children are adults…….”

“No matter how much you date, it’s not like you’re dating. Even if you flirt for a while, you have to be on the same level. Do you think your family is on the same level as the bank president’s family?”

Park Jeong-ae was speechless.

It strangely gets on my nerves. I don’t think it’s something that a parent can’t say, but the way he’s sarcastic toward others is really top-notch. It feels like there’s an intentional purpose behind his arrogant attitude.

Park Jeong-ae thought of Yoon Se-bin.

I have never seen it before and I don’t remember hearing that I should pay special attention to it. It was just a name that came up once in a while in passing company chatter. My son didn’t seem to treat it as anything special either.

“I never thought we were compatible. I don’t know if they’re trying to discipline their kids to meet at different levels, but we don’t really care. We don’t think there are different levels in love.”

“Like son, like mother. It seems like the son thinks he’s made a killing by meeting a rich girl…….”

Park Jeong-ae sighed as she realized her opponent’s outlook on life.

I don’t know why I’m meeting such an inconsiderate woman here.

Park Jeong-ae stood up and handed the shopping bag over to the other person.

“That’s enough. I’ll make sure you don’t meet your daughter. I hope we don’t have to see each other again.”

It was the moment when she turned around, her anger gone.

There was someone blocking her way.

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