He is Already a Tycoon at a Young Age! - Chapter 89
Only Noblemtl
#089
May 7, 1997, morning, Taean Pharmaceutical CEO’s office.
“Are you leaving for Hong Kong tomorrow?”
William arrived in South Korea yesterday.
I became an enemy of the Chief Economic Secretary of the Blue House yesterday. By now, the Chief Economic Secretary of the Blue House is probably reporting all sorts of gossip about me to VIPs.
‘He’s a president with thin ears.’
Moreover, since it is a matter related to Seungbo Steel involving his son, it will be difficult to make a rational judgment.
‘Well done.’
Because I did it properly once.
Of course, the aftermath will begin. But the civilian government is now coming to an end.
‘A beggar who changes.’
In the final stages of the civilian government, the Samjeong Group, Taean Group, and Pacific Investment Finance, which were suppressed by the civilian government, will at least not be in the neighborhood under the new government.
‘The new government.’
It is not a matter of maintaining power for 10 years, but rather, maintaining power for 10 years. During that 10-year period, Taean Group and Pacific Financial Investment will become huge groups that the South Korean government can never touch.
“Yes, because I threw something away yesterday.”
“Yell? What do you mean?”
“It doesn’t matter.”
“It seems important. I heard you suddenly had a business trip to Hong Kong.”
“It’s not a sudden business trip to Hong Kong. It was originally planned. I’m going to Hong Kong to establish an investment corporation and invest in Chinese IT companies through the Hong Kong branch of Pacific Investment Finance.”
“Is this a follow-up measure to the fact that an American corporation is making large-scale investments in American IT companies and that an American investment corporation is operating an IT-related dot-com company?”
“You can see it that way. First of all, I am convinced that the country that will threaten the U.S. economy in the future is not Japan or the countries of the European Union, but China.”
This is William Taean Pharmaceutical CEO nodding his head at my words.
“Mr. William.”
“Yes, sir.”
“There is an island on the African continent called Madagascar.”
“yes?”
“Madagascar is part of the African continent, but its ecosystem is different.”
“But?”
“The United States and the People’s Republic of China, the centers of the world economy, will be different. China will become the most powerful competitor to the United States economy in the future. At the same time, it will show a completely closed side.”
“Are the industries related to the Internet and IT that you say are completely closed?”
As expected, ability is absolute.
“Yes, that’s right. The Chinese Communist Party will try to separate the inside and outside of China in order to control a population of over 1.2 billion. For example, as the Chinese economy grows in the future, American internet companies and IT-related companies will be blocked inside China. And Chinese companies will take their place.”
“So you’re talking about controlling the Internet?”
“Yes, and with that, they are focusing on their own markets. For example, a company like Amazon.com will be established as a Chinese national company. And that company will dominate the Chinese market. There will also be companies similar to PayPal.”
“ah!”
“Such companies will grow huge without competition under the massive support of the Chinese Communist Party. Even if American or European internet and IT companies cannot enter China, the rest of the world, except China, is a free country and a capitalist country, so Chinese companies can enter and do business. So they will invest in advance.”
This is William Taean Pharmaceutical CEO nodding his head as if to say that what I said was right.
“This part is not important because it is a business operation unrelated to Taean Pharmaceutical.”
“Yes. I think it is time to discuss matters related to Taean Pharmaceutical.”
William will talk about Taean Pharmaceutical’s US listing.
“Taean Pharmaceutical is currently an unlisted company, but now it is time to prepare for listing.”
“you’re right.”
“How will you list it?”
“Sir, I think a reverse listing through a merger and acquisition would be the fastest way.”
“Do you have a company in mind?”
“There is a company called Star Pharmaceuticals in California, USA. I would like to acquire that company and list Taean Pharmaceuticals.”
“Star Pharmaceuticals?”
“Yes, we are a company that develops diagnostic kits for respiratory viruses. We are also a company that is researching vaccines for respiratory viruses.”
“I think there must be something more important than that?”
“Yes, that’s right. It will have the effect of declaring war on Pfizer.”
“So Pfizer is planning to acquire it?”
“Yes, Pfizer Pharmaceuticals established its own research institute and focused on developing new drugs, but it also accumulated pharmaceutical technology by absorbing companies with pharmaceutical-related technology through hostile M&A.”
“So, does that mean that Pfizer’s hostile takeover of Star Pharmaceuticals is already in progress?”
“Yes, Pfizer currently owns a 12% stake in Star Pharmaceuticals.”
“Mr. William.”
“Yes, sir.”
“How much of a turnaround would it take?”
“Just give me five hundred million dollars.”
I nodded at President William’s words.
“An American investment firm will provide the funds.”
“Yes, thank you. First, we will establish a branch of Taean Pharmaceutical in the United States.”
In fact, Taean Pharmaceutical also established and is operating a respiratory virus research center.
‘In the future I remember.’
Pfizer Pharmaceuticals has grown significantly with its male erectile dysfunction treatment and was the first to develop a vaccine in the coronavirus era, generating ridiculous profits and sideways movements.
‘They even asked for a waiver regarding side effects.’
But no country could refuse Pfizer’s request.
Anyway, since I have already changed one of Pfizer’s futures, I should change the other futures as well. And as I promised to President William, when I become a bigger capitalist than I am now, I should acquire Pfizer through a natural hostile takeover in the United States.
“Please do so.”
“And sir.”
“yes.”
“I would like to change Taean Pharmaceutical’s name from Taean Pharmaceutical to Star Pharmaceutical.”
“Why the change?”
“It’s difficult for Americans to pronounce.”
That makes sense.
“Okay, I understand. I’ve left all management of Taean Pharmaceutical to President William, so you can do whatever you want.”
“thank you.”
Taean Pharmaceutical will soon establish a branch in the United States and openly compete with Pfizer Pharmaceuticals.
‘If we acquire Star Pharmaceuticals.’
Taean Pharmaceutical becomes Star Pharmaceutical.
It is listed on the stock exchange along with it.
* * *
The Blue House Presidential Office.
The chief economic secretary of the Blue House was standing in front of the president in a serious manner, thinking back on what Ji Sung had said to him yesterday.
[Zero percent.]
‘What a spoiled brat.’
As Ji-seong had expected, the chief economic secretary of the Blue House harbored resentment.
“What are you saying? So what?”
“The head of Pacific Investment Finance has too many demands when it comes to acquiring Seungbo Steel.”
“okay?”
“Yes, we requested more than 4 trillion won in public funds to resolve the bad debts of Seungbo Steel.”
“How much is Seungbo Steel’s bad debt?”
“It’s currently around 5 trillion.”
“Are you saying that the government will provide 4 trillion won in public funds to resolve 80% of Seungbo Steel’s debt?”
“Yes, I asked for that.”
“Is 4th group possible?”
“That’s not the problem, Mr. President.”
“then?”
“They said that even if Seungbo Steel is acquired by Taean Group, they will carry out a strong restructuring. They also told me that they will reorganize some of the subcontracting companies related to Seungbo Steel.”
“So what was the decision made by the chief economic adviser?”
“This is Daehyun Group. We need to support Daehyun Steel, an affiliate of Daehyun Group, so that it can acquire Seungbo Steel.”
“Daehyun is not that great.”
“I will meet with the honorary chairman of Daehyun Group separately and lower the amount of public funds to 2 trillion won.”
“In group 2?”
“Yes, and finally, I think we need to launch a high-intensity tax investigation into Pacific Investment Finance and Taean Group.”
“It could be seen that the Blue House is retaliating against Taean Group and Pacific Investment & Finance over the issue of acquiring Seungbo Steel.”
“Your Majesty, no matter how much I think about it, I suspect there is creative accounting. Otherwise, they wouldn’t have grown this quickly.”
“Okay, let’s start the tax investigation.”
Things were going exactly as Ji-sung had predicted.
* * *
Samjeong Group Chairman’s Office.
I finally came to see my grandfather. And I reported exactly what happened yesterday.
“Your last words were funny.”
“yes?”
“You couldn’t hold it in and yelled? Ji-sung, you always judge things coolly. It’s not that you couldn’t hold it in, it’s that you didn’t hold it in, right?”
“I tried to hold back, but the chief economic advisor demanded a stake in Taean Iron and Steel, so I had to cut it off.”
“There are so many people who mistakenly believe that power will last forever.”
“I experienced it myself and felt it deeply.”
“Yes, that’s right, so what’s the alternative? Ji-sung, you told me that a steel company is absolutely necessary for the future of Samjung Heavy Industries, Samjung Defense, and the automobile company. That’s why Taean Group acquired Daenam Special Steel.”
“Even if Seungbo Steel had conducted business normally, it would have been the third-largest steel company in South Korea.”
“so?”
“I plan to aim for the number one company.”
“What if I get first place?”
“This is POSCO.”
The chairman of Samjeong Group was surprised by my words.
“Will it be difficult right now?”
“If the Republic of Korea faces a national bankruptcy crisis, the government will sell off its most profitable public enterprises first.”
“I know what you mean. Now the VIP’s mischief is about to begin.”
“So I’m thinking of going to Hong Kong for a while.”
“Hong Kong?”
“Yes, Grandpa.”
“A bridgehead for advancing into China?”
“yes.”
“I get it.”
At that moment, the chief secretary carefully opened the door to the chairman’s office and came in.
“Mr. Chairman.”
“You moved quickly.”
“Yes, the National Tax Service is said to be launching a tax investigation into Pacific Investment Finance, Taean Group, and some affiliates of Samjung Group.”
This means that there is an accomplice in the National Tax Service acting on behalf of the Samjung Group.
‘Where could it be?’
There is probably no place where there are no collaborators.
“I knew this would happen.”
“And it is said that the chief economic secretary of the Blue House reported to the VIP that even Ji Sung-dae should be investigated.”
“That idiot dug his own grave with his own hands.”
Chairman of Samjeong Group, my grandfather’s eyes have completely changed.
“Chief Secretary.”
“Report the information you have obtained to the media.”
This is why conglomerates are so scary.
‘In the Blue House or the government.’
There are private temples, but there are key personnel analysis teams in the conglomerates of South Korea. And those analysis teams collect all the information about key personnel and store it for later.
“Yes, sir.”
After answering the grandfather, the secretary of Samjeong Group left the chairman’s office.
“Grandpa, isn’t the power that’s not dead yet?”
“The power that will soon die. And Ji-seong.”
“Yes, Grandpa.”
“Did you do as you said because you thought it would be difficult to maintain power?”
“Yes, in fact, it is strange that the regime is maintained.”
Of course, since I know all the future information, I know that the ruling party’s presidential candidate lost the election due to various fake news from the exaggeration of the change of government.
“The old kiln has become old over time, so I guess I’ll have to replace it with a new one.”
This is also true.
“It will be sorted out by the time I get back from Hong Kong.”
This is the grandfather who tells me that the chief economic secretary of the Blue House will be out.
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