God of Corporate Hunting - Chapter 281



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◈ Episode 281: The Civil War of the North Star Life (2)

Nam Woon-myeong sensed the bitter smile on Hyun Jae-seop’s lips.

As expected, this is the current situation that Hyeonjae Seop has started.

Using the selection of the UAM aircraft as an excuse, they cleverly gathered friendly forces of the Bukseong Group.

How will Yoon Se-bin respond?

In a normal case, he would either present his argument as usual or make an excuse that he is not after the management rights of Bukseong Life Insurance.

However, when you look at the members here, it would be better not to make such excuses. Aren’t they all old men who can see through your inner thoughts?

Yun Se-bin responded without the slightest wavering as Nam Woon-myung watched.

“Are the people here friendly to the North Star? Or are they white knights?”

“Ahem, that’s not possible.”

He tried to control his expression and denied it.

“I don’t care whether you are hostile to CSK and Korea Asset Management or not. I just want to tell you one thing. Korea Asset Management does not agree with the past management style of being run arrogantly by major shareholders.”

“Do you dare to challenge the Korean corporate system?”

“What about the Korean corporate system? Is it Korean culture to tolerate the tyranny of major shareholders?”

“Tyranny?”

The interests of both sides were in sharp conflict.

The enemy’s young gaze was persistently directed at her, but Yoon Se-bin did not panic and declared clearly.

“I will not deny that Korea Asset Management intervened in the internal strife of the Bukseong Group. The reason is that Bukseong Life Insurance has been the group’s lifeline, which has led to stagnant growth. It will be difficult to survive in the future with such outdated management.”

Everyone’s eyes were on Hyun-Seop’s answer.

Hyun-Seop Hyun retorted as if he had been given the right to speak.

“Korea Asset Management is nothing more than foreign capital trying to rob the group’s affiliates.”

“We will exercise our shareholder rights in Bukseong Life Insurance as planned. If you want to help Bukseong Life Insurance, please do so. We do not invest in companies that only fill our pockets, whether Bukseong Life Insurance or any other company. We will hold such companies accountable.”

Yoon Se-bin declared a challenge.

For a moment, silence fell on the room.

Until now, no one has gathered the conglomerates and provoked them in this way.

If it were anyone else, I would have laughed it off and called him crazy, but no one could do that. The person standing on the stage now is the CEO of CSK and Korea Asset Management, two of the world’s leading investment banks.

Currently, there is no major company in Korea that CSK has not invested indirectly through or through the Byglobal Fund.

If she makes up her mind like that, who can possibly stand it? Also, as a company that needs to continue to receive investments in the future, CSK cannot be ignored.

“Ugh!”

Complaints poured in from all over.

“This is an open threat.”

“Isn’t that too much? You’re young too.”

“If we ignore CSK, it will be difficult to manage. Seriously.”

“Since when have we been persecuted like this?”

Amidst the pouring complaints, Hyun-Seop quickly realized something strange.

If he were a conglomerate chairman he knew, he would have been furious and yelled. But strangely, the intensity was weak. There were even many people who couldn’t say a word.

Surprisingly, most of them were afraid of CSK’s power.

Even Cha Tae-beom and Ahn Sang-yeon, who had been at the forefront of the attack until now, kept their mouths shut.

The moment Hyun-Seop Hyun attempted to change the situation, Yoon Se-Bin opened his mouth again.

“If you are confident, help Bukseong Life. But you must take responsibility for it yourself.”

It was a declaration that effectively blocked support from other groups.

* * *

The internal strife within the Bukseong Group, which had been circulating only in the financial world, has surfaced thanks to Yoon Se-bin’s declaration.

Thanks to quick-witted investors, Bukseong Life Insurance went straight to the upper limit.

Even if you watch the news, all you see is the imminent bloody battle between Hyunjae Seop and Hyunjae Eun.

Nam Woon-myung thought that it would be a fight worth fighting even if only half of the domestic financial companies did not side with Buksung.

This side also has several financial institutions such as Korea Investment & Securities, Bukseong Securities, and MZ Securities, so there are quite a few allies that can be mobilized.

As if the invitation from the Federation of Korean Industries wasn’t enough, the media also invited Yoon Se-bin. But this time, unusually, Nam Un-myeong was also there.

Nam Yunming was known to be a hidden power behind the scenes, but he was not a big shot enough to be invited to such an event. That was why he could not help but doubt his intentions.

The place where the two people were invited was the True Media Debate.

It was famous for inviting hot topics and having deep and sharp discussions without any sanctuary. When the invited person gives a keynote speech, the panelists analyze and discuss it, and the reporters watching ask questions.

The location is the Korea Press Center.

The fact that the two were invited to this discussion was proof that they had become famous.

Yoon Se-bin gave the keynote speech while sitting on the podium with the panelists.

“Global investment banks such as CSK, Goldman Sachs, and JP Morgan are investing heavily in various industries to realize a better world. Not only the traditional raw materials industry, but also the IT industry, which is the food of the future…….”

Yoon Se-bin started with the relationship between industrial development and capital and listed the investment policies that investment banks are focusing on. The conclusion was that our underdeveloped financial industry should also be advanced based on this.

After the keynote speech, the panelists began asking questions.

“How much influence does Mr. Yoon have at CSK?”

“As co-CEO, I am involved in all management policies and large-scale investments.”

“Does that mean you can invest wherever you want?”

“All investments are subject to strict qualification judgment by the staff. Even the representative cannot go against this judgment.”

What started as a general question quickly turned into a pointed one.

“Then I have a question. I understand that CSK and Bukseong Group are currently engaged in a showdown over Bukseong Life… Is it the judgment of the working-level staff that CSK is targeting Bukseong Life? Or is it Chairman Yoon’s arbitrary decision?”

“CSK has not yet made any additional investment in Bukseong Life Insurance.”

“You don’t mean that there isn’t a single share of Bukseong Life Insurance, do you?”

“That’s something I’ve been investing in for a long time…….”

“Anyway, didn’t you invest? You wanted to dominate the Korean financial industry.”

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A war of words broke out.

The content was not much different from the questions received from the Federation of Korean Industries.

Nam Woon-myung quickly grasped the nature of the discussion held today. It was clear that he had received the instigation of the Federation of Korean Industries, whether he knew it or not. Behind him was Hyun Jae-seop. In other words, he was trying to manipulate public opinion by cleverly mobilizing the media.

The panelists’ arguments were largely the same. They defined CSK’s involvement in the North Star Group’s internal war as a phenomenon in which large foreign capital indiscriminately invaded Korean industry, and labeled CSK as the axis of evil. They cited cases in which banks and securities firms were taken over by foreign capital during the foreign exchange crisis.

‘How come there is no progress? The argument is always the same.’

Nam Woon-myung checked the resume of the panelist who asked the most questions.

Jeong Sin-wook. A prominent journalist who serves as editor-in-chief of K Daily. He is gaining popularity as a moderate who criticizes both the ruling and opposition parties.

Nam Woon-myeong looked into Jeong Shin-wook’s fate using the date of birth he found on his cell phone.

Jeong Sin-wook was in the prime of his life. In the next three years, he will start to decline. Since then, various corruption scandals he had been involved in have been revealed. He used the power of the media to accept requests from acquaintances and received bribes from powerful companies. He is a person who personally practiced the media’s protection of his own side.

There was no way that Jeong Sin-wook could be ashamed of himself now. It was obvious that he had received a bribe from Hyeon Jae-seop.

Jeong Sin-wook, who had been madly attacking Yoon Se-bin, turned his attack towards Nam Woon-myung.

“Does Director Nam think the same as Representative Yoon?”

“Yes.”

“Are you saying that you view foreign capital dominating domestic industries as desirable?”

Nam Yunming took a sip of water and lowered his voice.

“Editor Jeong, I would like to ask you something as well.”

“Go ahead.”

“How much did you receive from Chairman Hyeon-Seop Hyun, or rather Buk-Seong, when you came out here today?”

“Huh? What is that…….”

“Haven’t you personally received bribes from Bukseong, including advertising for Bukseong? And even asking for a job for your son?”

His fortune for his children was accurate.

“Hey! Why are you suddenly saying such ridiculous gossip?”

“You say that’s ridiculous? Let me take a look at the bankbooks. Chief Editor Jeong’s bankbook and the K Daily’s advertising fee receipt bankbook. Did the number of advertising requests for Bukseong suddenly increase or not? Did your son submit a job application to Bukseong or not?”

“That, that…….”

Jeong Sin-wook stuttered as if he had been hit hard.

Nam Woon-myung looked back at the other panelists and laughed.

“The same goes for everyone else. You must have received a golden sack from Bukseong when you came here. Is that right?”

“That, that’s customary…….”

One person answered absentmindedly and then quickly shut his mouth.

“Did you hold a debate at the behest of the North Star? Is this what the media calls fairness?”

The reporters sitting in the audience began to chatter.

“CSK is not foreign capital, but Korean capital. It is the pride of Korean capital that is expanding into the world. Would you rather cling to such a company than encourage it? Is that the mission of the media? Do you think that the old-fashioned method of manipulating public opinion by receiving money from companies will work?”

“Aren’t you being too rude?”

Nam Woon-myung looked at Jeong Sin-wook with cold eyes.

“Then, Editor-in-Chief Jeong, you want to make a bet with me? Editor-in-Chief Jeong, let’s open up all your bank accounts. If you haven’t received more than 1 billion won from companies in the past year, I’ll give you 10 billion won. What do you think?”

“Ugh.”

If you are honest, there is no reason not to take the bet. But Jeong Sin-wook could not answer.

The real media debate was a mess.

The news originally had an article about ‘foreign capital invading domestic industries’, but instead they filled it with an article about corruption at the Real Media Debate.

The reputation of the True Media Forum and Jeong Sin-wook has fallen to rock bottom.

* * *

Yoon Se-bin had dinner with Yoon Yi-baek at his house.

It happened occasionally, if not often.

Across from her sat Yoon I-baek and his stepmother, Lee Mi-rye, and next to her, Yoon Se-hyeok was grumbling as he ate.

At times like these, she would secretly picture her mother sitting next to her father.

But since I don’t remember seeing such a sight, it was hard to even imagine.

Yun I-baek said while eating.

“Is Sehyuk doing well?”

“Of course. After all, that’s what a financial institution is all about…….”

He was doing well on the outside while serving as the president of Bukseong Card. When he was the president of Korea Investment & Securities, he rarely worked and played around, but at Bukseong Card, he went to work regularly to keep an eye on Chairman Hyeon-seop.

Yoon Se-bin suddenly remembered the rumors about the Bukseong Card.

“Honey, are you increasing your card loan these days?”

“Of course. That would make money. The interest is really high, isn’t it?”

Thanks to this, the management status as seen in numbers has improved significantly since Yoon Se-hyeok took over.

“That could easily turn into poison. According to statistics from Korea Bank, personal debt is increasing and the delinquency rate is rising these days. Credit card companies in particular can easily fall into danger.”

“I know that much. Don’t try to teach me!”

Yoon Se-hyuk suddenly got angry.

He had been controlling his temper since he was pushed around by Yoon Se-bin recently, but today he seemed to have gone back to how he was before.

Yoon Se-bin, who thought that he had needlessly hurt her pride, kept his mouth shut. He couldn’t keep nagging her. She was now at an age where she had to find her own way in life.

Yun I-baek changed the subject to ease his son’s worries.

“You foolishly know how to do it, ah! Sebin, you said you had an accident at the KCTU meeting?”

“Huh? An accident?”

“I’ve received countless calls from the group chairman. He said you were a dangerous person. How could you be so hostile to a conglomerate?”

Do I need to explain this again?

“There are no hostile enemies.”

“Then what are you going to do with Bukseong Life? Are you really going to pull off a hostile M&A?”

“It originally belonged to Mrs. Joo Do-hee?”

Is that what you were wondering?

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