He is Already a Tycoon at a Young Age! - Chapter 88



Only Noblemtl

#088

Daehyun Group Honorary Chairman’s Office.

“The head of Taean Group, or rather Pacific Investment Finance, is secretly meeting with the economic chief of the Blue House today?”

The honorary chairman of Daehyun Group asked his son, the president of Daehyun Steel, who is also the president of a Daehyun Group affiliate.

“Yes, that’s right.”

“They said they were meeting secretly, but how did you confirm that?”

The honorary chairman of Daehyun Group asked the president of Daehyun Steel with a look in his eyes that suggested something had come to mind. In fact, Daehyun Steel is the second largest steel company in Korea, but compared to POSCO, its size is much smaller, so he was thinking of increasing the size of Daehyun Steel by acquiring Seungbo Steel. Also, Daehyun Group is a company that focuses on shipbuilding, automobile, and construction, so securing steel was important.

Of course, Daehyun Group will focus on North Korean business in the future.

“Did this leak out from around the Blue House’s chief economic secretary?”

“Actually, that’s true.”

The honorary chairman of Daehyun Group frowned at the words of the president of Daehyun Steel.

“You’re trying to create competition.”

“I think so too. I think the chief economic secretary of the Blue House will probably mention Daehyun Steel when he meets with the head of Pacific Investment Finance.”

“Isn’t the bad debt over 4 trillion?”

“Yes. In fact, if they don’t get rid of that bad debt, even if Daehyun Steel acquires Seungbo Steel, they will inevitably face difficulties for a while.”

“Pacific Investment Finance will also know that fact.”

“Yes. In fact, it is Pacific Investment Finance, but ultimately it is Samjeong Group and Taean Group. And at some point, Samjeong Group and Taean Group entered the industries that Daehyun Group is working on.”

Daehyun Group had Daehyun Shipbuilding, the number one shipbuilding company in South Korea, and Daehyun Motors, the number one automobile company. Of course, Daehyun Motors was soon completely separated from the group and grew into an independent automobile group, and that automobile company surpassed Daehyun Group in every way.

“In the shipbuilding field, there is Samjung Heavy Industries, right?”

“Yes, that’s right. Along with that, the growth of Taean Industrial, an affiliate of Taean Group, is amazing.”

Taean Industry was more than just a dark horse in the domestic weapons development industry.

“There are no cars.”

But Ji-sung already had plans to found an electric car company.

“yes.”

“Then you must also do automobiles. So you must definitely get your hands on Seungbo Jecheol.”

“Yes, I understand.”

“Anyway, since he became president and only used his brain, the country is in a mess.”

The honorary chairman of Daehyun Group and the president of the civilian government were no different from enemies, and the reason they became enemies was because the honorary chairman of Daehyun Group entered politics. Of course, he has not announced it yet, but he has retired from politics. And as soon as the president of the civilian government became president, he carried out strong political retaliation, and Daehyun Group had to go through hard times for a while because of that.

* * *

Gaya Hotel Suite Room.

‘I’ve seen another S-class ability user.’

The translucent window above the head of the arrogantly sitting chief economic secretary at the Blue House had “S-Class” written on it.

I was surprised by the S-class for a moment, but when I saw something special, I frowned without realizing it, even though it was only for a split second.

‘Black haired American?’

That’s the special thing.

‘and.’

His political skills are top-notch.

In short, it seems that political trickery was seen as a skill and was recorded as S-grade.

“As expected from the report, he is young.”

“Did you say that he was young just like the report said?”

“Why are you so upset?”

The chief economic secretary of the Blue House did not treat me poorly even though I was young. In fact, no one treats me poorly anymore.

‘My grandfather.’

He is also the chairman of the Samjung Group.

As I am the largest shareholder of Taean Group and the CEO of Pacific Investment Finance, my capabilities are recognized in the Korean business community.

“If a report on me is written and reported to the chief economic advisor, isn’t that private surveillance?”

“Representative, you may be young, but I believe you know the ways of the world better than adults. Has there ever been a government that didn’t do that?”

This is not wrong.

“That’s true.”

“So don’t get so worked up over trivial things. Sit down. I heard you used this place as an office.”

right.

When I’m tired or need to make a serious decision, I often come to the suite at Gaya Hotel and be alone. That’s why I have the suite at Gaya Hotel only for myself.

“yes.”

“Then this is a special place. Sir, since we are both busy, let’s just talk about important things.”

“Yes, that’s right.”

I sat down.

“Actually, we tried to keep today’s meeting a secret, but Daehyun Group also found out about today’s meeting.”

“It must have been information leaked by the chief.”

When I responded directly, the chief economic secretary at the Blue House snickered.

‘Black haired foreigner.’

I think that the Blue House’s chief economic secretary will likely play a big role for foreign capital during the IMF foreign exchange crisis.

‘He’s not a pleasant person, though.’

Ironically, I have already been informed by my collaborators in the Blue House that I spoke positively about Taean Group and Pacific Investment Finance to the Blue House VIPs.

‘In a word.’

It seems that they think there is more to be ripped off from Taean Group or Pacific Investment Finance than from Daehyun Group.

“You’re so direct because you’re young.”

“I apologize if I offended you.”

“No. I also have a cool personality, so I like you, CEO. Now, let’s get to the point.”

“Yes, sir.”

Living power is powerful.

‘No matter how much the president says.’

Even if he is a non-regular worker for 5 years, he is absolute when he is in that non-regular position. And the president’s close associates have great power.

“The VIP wants to sell Seungbo Steel as quickly as possible to put an end to all the gossip.”

“I guess so.”

“As you know, the VIP’s fourth son is involved.”

“Yes, I think that in order for Seungbo Steel to be sold as quickly as possible and for the matter to be concluded, it is absolutely necessary to first settle Seungbo Steel’s bad debts of more than 4 trillion won. In fact, Taean Steel is still not a large enough group to shoulder bank debts of more than 4 trillion won.”

“But Daehyun Group may think differently.”

They are pressuring me by mentioning Daehyun Group.

‘Your purpose is.’

At first glance, it seems that the personal benefit will come from the selling process rather than the quick sale of Seungbo Steel itself.

‘This is why I hate politicians.’

Politicians are a group of people who pretend to be as clean as possible on the outside, but who somehow try to intervene in vested interests to fill their own private interests.

“It will be difficult for Daehyun Group to shoulder more than 4 trillion won. If the government provides public funds to the company acquiring Seungbo Steel, Seungbo Steel’s problems will be quickly resolved.”

Now I have to see that it’s my choice.

‘Should I join hands with that black-haired American?’

I have to decide whether to do it or not.

‘It is definitely necessary to promote Seungbojecheol, though.’

I don’t want anything to do with that politician.

“Public funds?”

“Shouldn’t that be so?”

“Okay. How much public funds does the government need to invest for Taean Group to acquire Seungbo Steel unconditionally?”

“I think that 3 trillion won of public funds should be invested.”

“Three groups?”

This is the chief economic secretary of the Blue House who immediately leaves an impression.

“Yes, if 3 trillion won in public funds are invested, Taean Group will take over all bad debts of Seungbo Steel.”

“After taking over?”

“We will have to negotiate with the creditors.”

“So you’re saying you’re going to get some of your bad debts forgiven by the bank creditor?”

“I intend to negotiate like that.”

“When that time comes, Taean Group will need my help quite a bit.”

This is asking you to tell me what will fall on you.

‘Oh, really, I really hate this type of person.’

But I know very well that in order to make a profit, we must join hands with such people. But the power that is alive now will soon die.

‘Give up on steel?’

I’m worried.

“I would really appreciate your help.”

“Sir, I am an economic expert as I am the chief economic secretary at the Blue House, but I also have a legal background.”

“yes.”

“I also know which law you hate the most, sir.”

“Is that so?”

“Is the Geumsan separation policy always a stumbling block?”

“That’s true. Of course, I also know that the Geumsan separation policy is absolutely necessary.”

“Yes.”

“Could I set up a large law firm for you, sir?”

I asked directly.

“Did you say a large law firm? Hahaha!”

“Yes, that’s right.”

“Sir, do you think I can’t establish a large law firm on my own? You’ve misunderstood what I want.”

“sorry.”

“And collusion between politics and business doesn’t end well.”

For a moment, I was dumbfounded when I heard the words of the chief economic adviser.

‘Openly.’

They say collusion between politics and business is bad while demanding private profits.

“Collusion that is blatantly visible creates problems. Aren’t you the central pillar of the tripod that is the center of the Korean business community, which is Samjung Group, Taean Group, and Pacific Investment Finance?”

“You are going to establish a law firm specializing in economics.”

I found out what the chief economist wanted.

“Of course, I need to prepare to leave the Blue House.”

“Would you be willing to be the legal representative for Samjeong Group, Taean Group, and Pacific Investment Finance?”

The chief economic adviser laughed at my question.

“Sir, may I give you some information?”

You accepted my offer.

“yes?”

“The South Korean foreign exchange authorities currently hold less than 4 billion dollars.”

This is crazy!

The Blue House’s economic chief knows.

‘The fact that a foreign exchange crisis may soon hit South Korea.’

But does the President know about this?

‘Black haired American.’

If that person were the chief economic secretary at the Blue House, I think he would cover the president’s eyes and ears. And when the president makes important decisions, he would work for the interests of foreign capital that gives him money rather than the interests of the Korean government and the Korean people.

[Sir, have you ever heard of a black-haired American?]

I remembered what Kim Eung-soo, head of the strategic planning office at Pacific Investment Finance, had said to me.

[I know. There are quite a few blonde-haired Koreans in America.]

I have quite a few people working for me in the US.

[The U.S. government and large U.S. corporations have long secured partners on the condition of U.S. citizenship and special privileges.]

[So?]

[I have a feeling that the national bankruptcy of the Republic of Korea that you predicted may be led by the U.S. government.]

What Kim Eung-soo, head of the strategic planning office, said may not be entirely wrong.

‘The country that contributed the most capital to the IMF.’

It’s America.

In some ways, the IMF bailout would be like the missionaries of the imperialist era.

“Really?”

I pretended to be surprised even though I knew.

“That’s what I said. Hahaha!”

In any case, it is clear that the current chief economic secretary at the Blue House is someone who acts only for his own benefit.

‘We have to get rid of that guy.’

First of all, he pretended to shake hands with the chief economic secretary of the Blue House, but he must draw a line with such a person.

‘and.’

He will probably suggest the same thing to Daehyun Group to me.

“And sir.”

“Yes, go ahead.”

“Do you know about the 3rd party paid capital increase?”

“yes?”

I know.

But I also know that the chief economic advisor had another purpose in telling me about the third-party paid-in capital increase.

“If the government invests 3 trillion won in public funds into Seungbo Steel, how much of Taean Steel’s shares will my acquaintances be able to secure?”

His political ability is S-grade, but his greed is SSS-grade.

“Hahaha, are you embarrassed because I’m so blatant?”

“No. Hahaha!”

“Please tell me in numbers.”

When greed takes over, one knows no shame.

“Zero percent.”

I decided.

“What, what did you say?”

“Zero Percent, Chief, let’s not have our meeting today. I think it’s better for both of us.”

“Are you giving up?”

“I will compete fairly, Chief Secretary.”

“Yes, sir.”

“Chief, you are leaving.”

At my words, the chief economic secretary of the Blue House glared at me, then got up from his seat and left the suite.

‘There will be some ups and downs for a while.’

In times like these, it’s best to go abroad for a while.