He is Already a Tycoon at a Young Age! - Chapter 110



Only Noblemtl

#110

September 10, 1997, Taean Group Chairman’s Office, Seoul, South Korea.

I returned to South Korea from Saudi Arabia on September 7th.

And the presidents of key affiliates of Taean Group were present at this event.

From the Samjeong Group that received my call, Samjeong Heavy Industries has arrived.

“All the business plans we have carried out in Saudi Arabia have been successful. I would like to congratulate you. The chairman and the chairman were also very surprised and happy when they received the report.”

The chairman in front is talking about me.

The chairman behind him refers to his grandfather, who is the chairman of the Samjung Group.

“First, I will tell you what I think about the business related to Samjung Heavy Industries in Saudi Arabia.”

Now my thoughts have turned into truth.

Of course, it has to be implemented.

“Yes, Chairman.”

The president of Samjung Heavy Industries opened the notebook he had brought.

‘We need to develop tablets quickly too.’

Only then can I open the proper digital online era.

“Finally, it is said that the Saudi Arabian government, through the Saudi Arabian prince, has approved the project to build 10 marine desalination plants through Samjung Heavy Industries.”

“oh!”

The president of Samjung Heavy Industries let out a cheer in surprise without realizing it.

“It really works, the chairman is truly amazing.”

“My compliments are sufficient here. Anyway, I received the notice from the prince and I asked the Saudi prince to postpone the announcement of the $20 billion ocean desalination plant project until March next year instead of this year.”

“Huh? You’re not announcing it right away, but in March next year?”

“Yes, I am working on other investment projects. Anyway, Samjung Heavy Industries must also keep it a secret until March of next year. Of course, Samjung Heavy Industries can send a contract worker to Saudi Arabia and sign a $20 billion contract.”

“Yes, I understand.”

“And boss.”

“Yes, Chairman.”

“There are only six months left until March next year.”

“Yes, that’s right. During those six months, we will use Samjung Heavy Industries’ internal reserves to buy back our own stocks.”

“Please do so. And I would like the president to secretly go on a business trip to the United States and Europe.”

“yes?”

“Take the $20 billion construction contract signed with the Saudi Arabian government and go to Citibank in the US or major banks in several European countries to get a loan.”

“yes.”

“It is a large-scale construction contract worth 20 billion dollars, so depending on your capabilities, you may be able to borrow up to 10 billion dollars under the name of maximum construction costs.”

“Yes, that is true.”

“Although it is a secret business trip to the US and Europe, please give the impression that the CEO is personally leaving for the US to find a solution to the financial difficulties that Samjung Heavy Industries is facing. It’s as if he was going on orders from his grandfather.”

The president of Samjung Heavy Industries looked at me intently at my words.

“What do you mean?”

“Securing the dollars. And don’t bring the money borrowed from American and European banks to South Korea. Instead, move it to the Saudi Arabian branch corporate account and wait. After all, the loan money has to be used for the construction of a marine desalination facility.”

Of course, if the exchange rate skyrockets before that, I plan to aim for exchange rate profits.

‘South Korea overcoming the IMF foreign exchange crisis.’

It took more than two years.

However, in the future plan I have prepared, it will take one year for South Korea to overcome the IMF.

“Yes, I understand.”

“Then, you may now return, sir.”

“Yes, Chairman.”

The president of Samjung Heavy Industries immediately stood up, greeted me, and left.

“Now, I will receive an interim report on the Saudi Arabian business conducted by Taean Group.”

We have a lot to discuss today.

“Yes, Chairman, I will first report on Taean Solartech.”

“Okay, then.”

“We established a joint venture for solar energy with a Saudi Arabian prince and a businessman. We also signed a contract for solar-powered streetlights with the Saudi Arabian government. Since the main body of the joint venture is a Saudi Arabian royal family member, signing the supply contract was easy.”

“How much is the delivery price of solar powered street lights?”

This is important.

‘The reason I joined hands with the old prince.’

It was important that he was the next King of Saudi Arabia, but also that the business in Saudi Arabia proceeded without any problems.

In addition, the purpose is to increase the unit price of products to be supplied to the Saudi Arabian government.

‘The stake is 50-50.’

When a profit is generated by supplying to the Saudi Arabian government, 50% of the net profit must be given to the old prince.

So, naturally, the price of solar-powered street lights supplied to the Saudi Arabian government should be two or four times more expensive than the existing price.

‘If it’s double.’

Because it’s just a waste of money.

“When we planned to operate the business as a sole proprietorship, the unit price for delivery was $2,000 per unit. That’s the price of the product itself.”

“Now?”

“I offered $6,000 to the Saudi Arabian representative of the joint venture, but he rejected it.”

“is it so?”

“The Saudi Arabian representative said that he would successfully negotiate a supply contract with the government, so let’s set the unit price at $10,000.”

I knew this would happen.

‘The Saudi Arabian government.’

No, the royal family is embezzling the national wealth earned from oil in this way, turning it into royal assets and the personal assets of the royal family.

“If the unit delivery price is $10,000, then including the installation cost, it would come to $12,000.”

“Yes, that’s right. First of all, we have completed a contract with Saudi Arabia for the unit price of 10,000 dollars for the product supply, and the quantity of products to be supplied is 2,000 units to replace all streetlights in the capital of Saudi Arabia.”

“How about 2,000?”

At $10,000 per unit, that’s $20 million.

‘It starts at 20 million dollars.’

It will continue to increase in the future.

“I think we will have to set up a local factory in Saudi Arabia with him.”

“Yes, that’s right. That way you can maximize your profits and get tax benefits.”

“Yes, Chairman, Taean Solartech will anticipate and take measures for all contingencies to ensure that the business in Saudi Arabia proceeds without a hitch.”

“Do so. And this supply contract will also be kept secret until March of next year.”

“Yes, I understand.”

This is probably the first time in solar panel related exports.

‘Taean Group.’

It will grow into a global company centered on electric vehicles, solar panels, and wireless batteries.

Of course, we plan to become the world’s best company in the cultural business sector as well.

“And finally, Taean Solartech should build large-scale solar panel power generation facilities in the outskirts of the capital. My goal is for Saudi Arabia to change from an oil country to a sun country, and Taean Group should be at the center of that change.”

“I will keep that in mind.”

“Thank you for your hard work.”

The president of Taean Solartech smiled at my words.

“The next report will be from the Taean Seed Farm President.”

The chief secretary said to me.

“Yes, that’s right.”

“As instructed by the Chairman, we are currently building a production plant for home vegetable growers in Saudi Arabia, and the production price per unit has been set at $2,000.”

The home vegetable grower is ultimately intended to give Saudi Arabians the idea that they can grow and eat vegetables at home.

‘What really matters is.’

This is a smart plant factory container based on solar panels. And the smart plant factory container will be sold to individuals, but eventually, it will be sold to governments in the Middle East, starting with the Saudi Arabian government.

“The final report is from the Taean Farm representative.”

The chief secretary spoke, and when I saw the Taean farm representative, his expression was serious.

“Mr. Chairman.”

As the expression on the face of the Taean Farm representative was serious, the presidents of the Taean Group’s key affiliates also looked at him closely.

“yes.”

“I object to the specific instructions the Chairman has given me.”

The presidents of Taean Group’s key affiliates were surprised by the words of the Taean Farm president.

My uncle, the president of Taean Electronics, looks surprised at the fact that things are going on within the Taean Group that he doesn’t know about.

“Are you really against it?”

“Yes, there is no business feasibility. I think the profitability will be low compared to the investment amount. And it may be a long time before it can turn from a deficit to a profit. Lastly, I can’t imagine the amount of business capital that will be invested.”

Now, the president of Taean Farm and I are talking without giving the subject, so the president of the core affiliate of Taean Group looks like he is going crazy wondering what it is about.

‘Each business appears to be independent.’

In the end, they are connected as one. And at the end of that connection is Taean Farm.

“The massive plantation project under construction outside the Saudi Arabian capital is, as I said, a practice match.”

“Yes, I know. So, Mr. Chairman, please stop there. I am speaking from the bottom of my heart.”

“If you’re not going to play the main game, you don’t need to play practice games.”

“Are you really going to proceed?”

The Taean farm manager asked me again with a worried expression.

“Taean Farm is currently working with a corporation established by the Thai royal family to build a large-scale farm in southern Thailand. Accordingly, it has leased two port cities in southern Thailand.”

“Yes, there is no problem up to that point. Starting with Thailand, then Indonesia, and then Malaysia. In that way, if you proceed with the large-scale farm construction business, you will become a competitor to the American grain company Cargill. When I heard about the business plan from the chairman, my heart really raced. But when I heard about the final farm area, I was actually terrified.”

“I felt it too.”

“The farm construction project that the chairman mentioned is impossible.”

“In your opinion, sir, is it more difficult to build a farm in the sandy desert area outside the capital of Saudi Arabia than in the area I ultimately selected?”

“Yes, that’s right.”

“If you can do well in the practice games, you can do it in the final region as well.”

“No. There are too many obstacles on all sides. Politically, it is a problem, and geographically, it is impossible to build the world’s largest super farm in that area. Ultimately, there are no institutional facilities. Taean Group has to prepare and install everything from start to finish. Please reconsider.”

The Taean farm representative earnestly asked me.

“Mr. Chairman, what on earth is going on?”

My uncle, the president of Taean Electronics, who had been listening quietly, asked me.

“What on earth is going on that makes the Taean Farm CEO so opposed to you, Chairman? I can’t judge for sure because the key subject is missing, but if you listen to what the Taean Farm CEO says, it seems like the life or death of the Taean Group is at stake, and the executives who attended this meeting are people who have decided to share the same fate as the Taean Group. So shouldn’t they know?”

I nodded at my uncle’s words and looked at the presidents of key affiliates.

“Yes, I’m just announcing it now.”

Everyone became nervous at my words.

“I instructed the Taean farm director to prepare for the Sahara Desert farming project.”

Everyone looked shocked by what I said.

“Sahara Desert?”

My great-uncle, the president of Taean Electronics, was also terrified.

“Yes, I plan to turn the Sahara Desert into the world’s largest farm.”

That’s why so much capital was needed.