God of Corporate Hunting - Chapter 277



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◈ Episode 277 Underwater Strategy (3)

Three more executives, including the president, joined us and gave us a tour of the factory.

It was Nam Yunming’s first time visiting a food factory, so everything was new to him. While looking around the automated production facilities, he checked out three employees who were giving explanations diligently.

There were three people with ordinary appearances, but one person in particular looked different to Nam Woon-myung.

After the tour, he returned to the conference room and asked Hyun-eun.

“Can I see the resume of the executive I just saw?”

Eun-i brought her resume, although she looked puzzled.

Nam Yun-myeong pointed out one of them.

“This person is… the executive vice president in charge of finance?”

“He has been with us for a long time. He has been with us since before Bukseong Foods was separated from the company, so he can be said to be a living witness to this company.”

“Your age… isn’t it already retirement age?”

“Because he’s the only one who can communicate with the group right now…….”

I have a rough idea of ​​the situation.

It has been more than twenty years since Bukseong Foods separated from the group and virtually all contacts disappeared. This means that most of the executives who had previously been acquainted with the group have retired, and he is the only one left.

If you look at it positively, he is a link to the group, but if you look at it negatively, he is like a spy for Chairman Hyeon-seop. He is the person in charge of finance, so he knows the current situation and management plans of Bukseong Foods better than anyone else.

He probably has been reporting the small details of Bukseong Foods to Hyunjae Seop until recently. It is not known whether there was any compensation in return.

From his physiognomy and the date of birth on his resume, I could tell that he was loyal to the Bukseong Group.

If that loyalty was directed at Hyunjae Eun, there would be no problem, but since it was directed at Hyunjae Seop, he is someone who must be cut off.

Especially if we are on the verge of civil war like we are now.

Nam Yun-myeong began to speak slowly.

“We are planning to reorganize the management structure of the Bukseong affiliates we own soon, centering on Bukseong Pharmaceutical. To be exact, it is the bio group centered on Bukseong Pharmaceutical, and the financial group centered on Bukseong Life.”

“Do you have the funds?”

“Because the stock price of Bukseong Pharmaceutical has recently risen, we have become rich in funds. We plan to sell off some unnecessary affiliates and improve our business structure by splitting and merging some overlapping businesses.”

This reorganization will help improve the constitution of the affiliates, but on the other hand, it is a provocation to show off to Hyun Jae-seop that the current Eun and others are the real powers who own half of the Bukseong Group. It is a clear change from the past when the group’s management structure or business was not touched.

Since Nam Woon-myeong can predict the ups and downs of an industry, the advantage of this type of reorganization work is outstanding.

“And we need to gather the stocks of Bukseong Chemical Energy and Bukseong Life Insurance held by each affiliate into Bukseong Pharmaceutical.”

This is a necessary task in preparation for the coming civil war.

When the group reorganization is completed as planned by Nam Woon-myung, the affiliates of the Bukseong Group they control will be reborn as mini-groups. The holding company is naturally Bukseong Pharmaceutical.

“It has nothing to do with us.”

“That’s not true. You are the current leader of the opposition camp against Chairman Hyun Jae-seop.”

Eun-eun did not refute this in any particular way.

Although she is still involved in the civil war of the Bukseong Group, she is actually an agent of Ms. Joo Do-hee. Bukseong Foods is not directly involved.

“Anyway, when the civil war ends, whoever wins, the group will be reorganized. Even if you’re not part of Bukseong Foods, you’ll be involved. So… how about retiring the financial director we just saw?”

“Why?”

“If I put it nicely, he is a very loyal person, but if I put it badly, he is Chairman Hyeon-seop’s spy.”

“yes?”

“For the past ten years, he has been the one who has been informing Chairman Hyun Jae-seop of company secrets. Of course, since he was not particularly at odds with the group, it wouldn’t have been a problem if the secrets were revealed. Although I don’t know, he must have reported to Chairman Hyun Jae-seop during the Bukseong Distribution civil war and the Bukseong Pharmaceutical real estate purchase.”

“ah!”

It seemed that even now Eun-do had noticed the seriousness of the situation.

I didn’t ask how he had detected the spy. I guessed he had figured it out from the information he had gathered here and there in preparation for the civil war.

“That managing director has a special relationship with Chairman Hyeon-seop, right?”

“That, that… is my hometown junior….”

As expected, it was as expected.

It’s not easy to get rid of the most prestigious and long-serving executive in a company, but it takes determination.

This decision may be a symbol of the present breaking away from the past and rebelling against the present sub. It is also a process of recognizing that the Bukseong Group has split.

“Whew, it’s not easy, but I have to do it. Okay.”

Unlike Hyun Jae-seop, Hyun Jae-eun was a rationalist.

With this, Bukseong Foods was completely out of Hyeonseop’s hands.

Now, Eun-i has properly taken on the role of the leader of this side. If a civil war breaks out, there will be many decisions to be made.

* * *

Hyun-Seop Hyun attended the Federation of Korean Industries meeting.

The Federation of Korean Industries has experienced ups and downs depending on the regime. In the past, it mainly served as a window for political connections, but now, compared to the past, it has established itself as a relatively sound business association.

But its origin does not change.

The Federation of Korean Industries also represents the voices of the heads of major domestic corporations.

At today’s meeting, Hyun-Seop Hyun confirmed the ten or so leaders who had filled the seats. Thanks to the group’s status, he enjoyed a prominent position in this meeting.

We started the meeting with small talk as usual.

DH Group Chairman Cha Tae-beom mentioned Bukseong.

“Chairman Hyun, the Bukseong Group is doing well these days. I hope Bukseong Pharmaceuticals is flying high and you are happy.”

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NG Group Chairman Sang-yeon Ahn also spoke.

“Bukseong Pharmaceutical is owned by the youngest son, right? I envy the current chairman who has already completely completed the inheritance. We can’t even touch it because we are afraid of taxes.”

“Bukseong Pharmaceutical stands out, but other affiliates of Bukseong are also on a roll. Look at Bukseong Life and Bukseong Chemical Energy. They’re amazing compared to last year, right? That’s because the current chairman is managing things well.”

Cha Tae-beom made a sound with his lips licked.

Bukseong Pharmaceutical and Bukseong Bio rose so much that it was difficult to gauge the extent of the increase, and Bukseong Life and Bukseong Chemical Energy were also starting to stir and slowly start to recover.

Of course, Hyun-Seop knows why Buk-Sung Pharmaceutical and Buk-Sung Bio are on the rise. It is because they developed a new drug called Free1, an obesity treatment drug. It is not surprising that Buk-Sung Pharmaceutical, the developer, is on the rise, and Buk-Sung Bio, the contract manufacturer, is also on the rise.

Also, Bukseong Life Insurance is buying stocks, so the recent rise is explained. He just finished the first round of buying. Now is the time to gather allies publicly, and that is why he is here today.

However, it was difficult to determine exactly why Bukseong Chemical Energy was rising. Could it simply be because electric vehicle-related stocks were doing well?

Electric vehicle stocks once soared like a storm, but is there still room for growth?

I felt uneasy about the suspicious corner, but I didn’t think too deeply about it because Bukseong Life was urgent.

“Haha, did I do something good? It’s all thanks to the efforts of the staff.”

Hyun-Seop Hyeon appeased their jealousy with kind words.

Is it time to bring up the agenda now? His friend and the chairman of a major group has already made it on one side, so it won’t be difficult to bring about a unified atmosphere.

Hyun-Seop Hyeon said after drawing attention with a light cough.

“But you know, I have something I need help with.”

“What is it?”

Everyone’s eyes were on him.

“You all know that there has been a civil war in our North Star recently.”

It is taboo to talk about the management structure of another company, especially when it comes to family matters. It is an interesting topic, but when Hyun-Seop brought up the issue that everyone keeps quiet about, curious gazes followed.

“Because I was lacking, half of the group went to my younger sister… Do you know how I feel? I can’t just leave this behind and not get it back, can I?”

“Yes. I understand how you feel.”

“This shouldn’t happen. The group should maintain a single system.”

The cheering voices of the group leaders who had kissed each other in advance continued.

“If we can help, we should help.”

Even presidents who had nothing to do with it got involved.

“So, by the way… If any of the group affiliates own stocks in Bukseong Life Insurance, please support me. I plan to hold a shareholders’ meeting soon to get them back.”

In that moment, the chairman’s heads began to spin quickly.

The shareholder structure of Bukseong Life Insurance and the investment portfolio of the group’s financial affiliates. In addition, there is a plan to buy Bukseong Life Insurance because the stock price will inevitably rise if a management dispute occurs. Of course, I also know that Hyeonjae Seop has already completed the purchase and announced this fact to everyone.

“It’s Bukseong Life Insurance… So that’s why the stock price has gone up recently.”

“We will also help by buying at least one week’s supply. Aren’t we on the same side?”

“The issue of group control is never someone else’s problem. You never know when it might spread to other groups. We need to unite.”

The most taboo thing for conglomerates is management disputes. Most of them take the form of controlling the entire large group with a small stake, so they react sensitively. If there is a problem in just one part of the management structure, the group can easily fall apart.

The current situation of the Bukseong Group is like that.

The North Star incident that other group chairmen understood was an incident in which a private equity fund called Mega Asset Management colluded with the younger sister of the owner’s family and swallowed up some of its affiliates. Of course, since the affiliates have not yet separated from the group, they have maintained a state of peace on the outside.

The appointment of the CEO also did not deviate from the intentions of Chairman Hyeon-seop. In fact, there were only a few places where the CEO was replaced after the Bukseong incident. It was limited to the level of a regular personnel change.

That’s why I was dismissing it as a storm in a teacup, but today, Chairman Hyun-Seop Hyun himself spoke up.

“……So, to unite the group as a single system like before, we desperately need your help. Don’t you all know that crabs are better than crabs? We need to help each other in times like this.”

It was tantamount to publicly declaring that they would put Bukseong Life on the operational list.

Of course, there was no opposition.

There was a welcoming atmosphere, as if there would be more to see in the future.

Having easily achieved his first goal, Hyun-Seop Hyeon took out the next agenda item.

“And at the next meeting, I would like to invite one person to give his/her opinion.”

“Who are you?”

“He is a rising new generation of businessmen. He is the icon of financial innovation, CEO Yoon Se-bin.”

“ah!”

There is no one who does not know Yoon Se-bin, the co-CEO of CSK and the CEO of Korea Asset Management. In particular, she has been in the spotlight since long ago because she is part of the owner family of Korea Investment & Securities. In short, she is of the same class as the conglomerates here.

“Haha! Okay. I was curious anyway.”

“I was very interested in investing in CSK and wanted to hear about its management policy.”

“Conversations with young people are very valuable to old people like us.”

“Ah! Did Representative Yoon Se-bin have a marriage proposal with Bukseong?”

Miscellaneous opinions followed.

Hyunjae Seop smiled and agreed.

“It’s a new era. She is currently a powerful figure who shakes up the financial world of this country, no, the global financial world. It is very meaningful to invite Representative Yoon here and hear her opinion. Shouldn’t the financial world keep pace with the industrial world?”

Unanimous. No one opposed. No one doubted the intention.

Last time, he alone didn’t get the pressure, but it will be different when all the conglomerate leaders are gathered together. Even if they can’t speak with a unified voice, at least there is no one here who will stand on Yoon Se-bin’s side.

What would happen if we called her here and pressured her when she was still young?

Age and experience are difficult to overcome.

‘This is going to be fun.’

Hyun-Seop Hyun easily pushed forward with the plan to invite Se-Bin Yoon.

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