God of Corporate Hunting - Chapter 293



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◈ Episode 293: The Fall of Everly (4)

Received shares of Bukseong Chemical Energy from KR Investment Group.

Coincidentally, the stock price of Bukseong Chemical Energy has been falling steadily since the day after the contract was signed. And it has been falling sharply.

Everley suspected that this decline was a ploy by Korea Asset Management, but it was clear that Nam Woon-myung had not done anything wrong.

Announcing a statement is something we must do according to the Securities and Exchange Act and as a member of the owner family.

As a result, the stock price of Bukseong Chemical Energy returned to the peaceful days of the past. Since it was a company with solid net income and good prospects, it did not fall any further.

KR Investment Group suffered a huge loss from its investment in Bukseong Chemical Energy. Not only did it have to sell the stocks it had purchased separately, but it also had to sell Chairman Hyeon-seop’s stake without recovering its principal.

There was no other way as the contract had already been signed and the funds were in tangle due to Assur’s withdrawal of investment.

“……That’s why Evely was whining. I’m an expert at calming down women like that, right?”

Shin Cheol-ho excitedly told a story of bravery.

Today, as I was watching Han Hye-rin’s expression, I found myself talking only to Nam Woon-myung, who was sitting next to me.

Nam Woon-myeong also listened with interest because he was curious about Everly’s current situation.

“Considering what that woman has done, I honestly feel bad about spending money on a hotel… But how can you let a woman who has become a beggar sleep on the floor of Seoul Station?”

“Avery is born with a silver spoon in his mouth, so that won’t happen. He’s different from Catherine.”

“Huh? Is that so?”

Shin Cheol-ho’s eyes widened.

“I heard you might get fired from your company?”

“Look at Hyun Chang-min. Even if he gets cut off, he comes back.”

“Oh, really? Then you’re scamming me?”

“We have a lot of bad blood between us.”

“It’s okay. But you were still prettier than Catherine.”

I don’t know what the criteria is, but just as Shin Chul-ho was about to get back to the main topic, Han Hye-rin showed up at work.

As she was greeting him in the morning, Han Hye-rin’s gaze glanced at Shin Cheol-ho with a strange expression.

“Mr. Cheol-ho? Did you get home yesterday?”

“yes?”

“Because you’re wearing the same clothes as yesterday.”

“I live alone, so if I’m in a hurry in the morning, I forget and just wear it.”

“I can see from your haggard face that you’ve been very tired lately. Did you work overtime yesterday?”

“Ah! I worked until dawn.”

If reading Avery was part of the company’s work, Shin Cheol-ho would work until dawn.

Han Hye-rin tilted her head with a suspicious expression and then returned to her seat.

Nam Yun-myeong asked in a lowered voice.

“Are you dating Han Hye-rin?”

“That, that…….”

I couldn’t answer properly. At least it means one of the legs that is being crossed.

“Now, cut off the octopus legs and settle down?”

“I want to do that… but there are a lot of pretty girls around me. Starting with CEO Yoon Se-bin….”

“Ugh.”

Nam Woon-myeong hit the back of the guy’s head and then focused on his work.

In front of Shin Chul-ho, there is no need to worry about women.

As a result, KR Group barely escaped the cash crunch by selling its shares in Bukseong Chemical Energy.

However, it will take a considerable amount of time to fill the gap left by Assur. It will also not be easy to get out of the iron ore mine investment in India without additional bleeding. Therefore, KR Investment Group will not be aggressively jumping into M&A for the time being as it used to.

Everly will also take responsibility for his wrong investment and reflect on it, so we won’t be seeing him again in this world for a while.

* * *

As the civil war in the Beicheng Group comes to an end, there is one last thing left for Nam Yunming to do.

It’s a matter of explaining the situation to the owner’s family and suggesting future plans.

To my dismay, Hyun A-ram invited me to her house. It is Hyun Jae-seop’s house and also the house where Joo Do-hee lives.

I had visited there before with Yoon Se-bin, so it felt familiar.

I rang the doorbell late at night.

I was guided to the study where I had previously encountered Hyeonjae Seop.

The study was filled with the entire family, including Joo Do-hee and Hyun Jae-eun. Since it was a matter involving a lot of money, they were also the first priority.

Hyun Jae-seop was not there, but instead, Hyun Chang-yoon, Hyun Jae-seop’s loyal servant and eldest son, was there. Also, the only outsider, Bae Ju-gwang, attended as Hyun A-ram’s husband.

“What about the chairman?”

“He hardly ever comes in these days. He just drinks every day and sleeps in hotels, at friends’ houses, or wanders around.”

Joo Do-hee answered.

It’s not that I don’t understand that feeling.

“Then let’s begin.”

As the meeting began, everyone’s eyes sparkled. For them, it was practically a matter of life and death.

“……As you know, the Korea Asset Management Consortium owns a significant portion of the stocks of affiliates of the Bukseong Group. The current management structure is centered around Bukseong Chemical Energy, Bukseong Life, and Bukseong Pharmaceutical. The other affiliates belong to these three holding companies, and as an exception, only Bukseong Construction, Bukseong Machinery, and Bukseong Food remain separately.”

Chairman Hyeon-Seop Hyeon held on to Bukseong Construction until the end to protect the group, and Bukseong Machinery and Bukseong Foods were separated when Hyeon-A Ram and Hyeon-Jeon got married.

“I roughly investigated the owner’s family’s stake… Chairman Seop Hyeon-seop has not had much assets left because his stake was forcibly used as collateral due to inheritance tax and the management system improvement project, and he also suffered huge losses at Bukseong Life and Bukseong Chemical Energy.”

It is difficult to make an exact estimate, but if you include the inheritance from Chairman Hyun Man-heum, the assets should be at least over 10 trillion won, but now, if you pay off the debt, it is only 1 trillion won at most. In the course of the battle so far, a whopping 9 trillion won was lost.

With a stake of 1 trillion won, he cannot even assume the role of group chairman, let alone hold the center as an owner.

“Ms. Joo Do-hee’s share remains the same as before, Ms. Hyun A-ram’s share has increased slightly, and Ms. Hyun A-sol’s share has increased significantly.”

The reason HyunA Sol’s stake increased is because she hit the jackpot at BukSung Pharmaceutical. She also made a considerable profit at BukSung Bio. Later, she was not greedy during the civil war between BukSung Life and BukSung Chemical Energy. Her assets are now looking at 3 trillion won, surpassing HyunJeop’s.

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The owner’s family is making the most money.

“On the other hand, Mr. Hyun Chang-yoon and Mr. Hyun Chang-min……”

The complexions of both people darkened.

In fact, the two have nothing left. They invested their overseas slush funds in Petanos, Bukseong Life, and Bukseong Chemical Energy, and then lost them all. The two are even in the red due to losses from CFD investments.

What kind of place is our country? Isn’t it a place where once you fall, it’s virtually impossible to get back up?

Right now, the two of them have no choice but to file for bankruptcy in court and live a life at the bottom. Still, since their older sister and younger sister are rich, they won’t have to starve.

“Me, Director Nam! Oh, how can it not work out?”

Nam Woon-myeong glared at Hyun Chang-min.

This guy is worse than Hyun Chang-yoon. He betrayed me at the last minute and helped Hyun Jae-seop.

If I had just stayed still, I would have gotten to the middle. But I believed Hyunjae Seop’s words and overdid it, losing all my assets.

Of course, you have to pay the price, and Nam Woon-myung has no intention of helping you.

“That’s impossible. You should have thought about it when you betrayed me.”

“Ugh, should I ask Sebin for help…….”

Given Yoon Se-bin’s personality, she wouldn’t even pretend to hear. At least, she’s someone who has a longer aftertaste than that.

Hyun Chang-min, who had been spouting nonsense, immediately shut his mouth after being stung by Nam Woon-myung’s gaze.

So, the results have been roughly summarized?

“What are you going to do with the Bukseong Group in the future?”

Joo Do-hee asked. Isn’t it a group that contains the will of her husband, Hyun Man-heum?

“You will still be the owner family of the Bukseong Group. Your family’s combined stake is worth nearly 5 trillion won.”

If we reorganize it into a circular investment management structure like before, it is possible to take control of the group. Of course, as long as Korea Asset Management exists, it will never be allowed.

“The affiliates of the Bukseong Group form a loose alliance. They need to be separated by industry and raised as separate companies. It is impossible to suddenly dissolve the cooperative structure of affiliates that have been tied together for decades and engaged in business exchanges.”

In effect, it is a declaration of intent to introduce a professional management system. Of course, above that is the Korea Asset Management Consortium.

Namwoonmyung plans to sell off useless affiliates and reorganize them into core affiliates. This is a method of investing more in industries that are doing well rather than in octopus-like businesses.

Since they are a private equity fund, they also have to recover the money they invested at some point.

“We will also gradually recover the shares of affiliated companies owned by the Bukseong Cultural Foundation.”

There is no reason to leave the method of strengthening the leader’s control through expedient means. In any case, once Mrs. Joo Do-hee dies, things will be sorted out on their own. The time left is not long.

Nam Woon-myung declared that the group’s future axes will be Bukseong Pharmaceutical and Bukseong Chemical Energy. In other words, he said that he would maintain a system that is not much different from the current one, and that the owner’s family would be given shareholder rights commensurate with their stake.

Everyone agreed except for Hyun Chang-yoon and Hyun Chang-min.

Of course, there was one more pig who was still not satisfied.

“Then there is nothing more that can fall on me?”

Bae Joo-kwang’s complaints exploded.

Since she was on their side from the beginning, she is demanding a price for it. Compared to Hyun Ah-sol, what Hyun Ah-ram received was minimal.

“Didn’t you have fun when Bukseong Pharmaceuticals increased its capital?”

They made a lot of profit by purchasing the shares with the paid-in capital increase. However, it may have been small change in their calculations.

“I thought you’d give me a few affiliates though…….”

There is still a complaint that it is only one North Star machine.

Hyun Aram poked Bae Jukwang in the ribs. It meant to tell him to stop.

Nam Yun-myeong answered resolutely.

“It all depends on Mr. Bae Joo-kwang’s ability. Ask yourself honestly. Do you want to work or do you want to be a boss or chairman?”

“I do it when I work too!”

“Then show me your ability. You are currently working at Daehan Heavy Industries, right? If you show me your ability, I will definitely hand over a part of the Daehan Shipbuilding Group.”

The Daehan Chosun Group is not his, but he is confident that he can exert that much influence. He is not someone else, but he is the eldest grandson, and he is the older brother, so he just needs to be persuaded.

Bae Ju-kwang kept his mouth shut. His expression was still filled with discontent.

Nam Woon-myeong finally turned his gaze to Hyun-jae Eun. In fact, she is the representative of the opposing camp and a hidden contributor. She is also a victim of the primogeniture. Above all, he liked the fact that she runs Bukseong Foods as a professional manager.

“I will hand over Bukseong Distribution to Ms. Hyun-eun. Of course, I can’t give it to you for free, but I will slowly transfer it to you as I see the situation. Looking at the current net profit of Bukseong Foods, I think I will be able to take over within a few years. Bukseong Distribution is a company that is suitable for creating synergy with Bukseong Foods…….”

Eun-Hyeok’s complexion brightened. She finally took her loot.

If she had inherited properly from Hyun Man-Heum, she would have had more assets. Since she still has a share of the inheritance she will receive from her mother, Joo Do-Hee, she will not be pushed out by Hyun Jae-Seop in the final result.

After sorting out the situation, Nam Woon-myung bowed his head to Ms. Joo Do-hee.

“It’s all thanks to you, ma’am.”

“No. Thank you for telling me the truth.”

The truth she speaks of is the story behind Hyun Man-Heum’s death.

The family issues surrounding that incident have not yet been resolved. Of course, it is not a matter for him to get involved in.

Nam Yun-myeong said goodbye after finishing his work.

HyunA Sol cried as she saw him off.

“Will you go on a date with me sometime soon, okay?”

“Yes, that’s right.”

“What’s special about my date?”

“Don’t come out wearing that primary-colored mini dress.”

“Pee, I look the prettiest in those clothes.”

It was the moment when Nam Woon-myung, who was startled, was just leaving the front door.

“How dare you! Where the hell did you come from!”

A thunderous roar shook my ears.

Somehow we never met.

In front of him, Hyun-Seop was glaring with his blue eyes. He was half-drunk and out of his mind.

Is there still one last thing left?

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