I Am the Third-Generation Heir of a Conglomerate - Chapter 420



Only Noblemtl

420.

Harvest Time (5)

The next day.

Because I had dinner scheduled with Rep. Choi Jae-seok.

In order to get as much work done as possible in the morning, I skipped lunch and reviewed reports from each affiliate.

While I was working like that for a while, a vice president came in hurriedly, opened the door, and handed me his cell phone.

“Mr. Chairman, we hit the jackpot.”

“Did any stocks skyrocket?”

“Yugobin hit the jackpot.

“Yugobin is currently ranked #1 in real-time search terms in the United States and is also the most searched word on various social media platforms.”

suddenly?

We haven’t even started properly promoting Yugoslavia yet.

It was completely unexpected that it would become an issue at this point, as we were just about to start promoting it properly, including through TV commercials, after the medical industry lobbying was over.

“Why is Yugoslavia suddenly becoming an issue?”

“Thanks to Musk.”

One vice president showed Musk’s SNS on his cell phone.

The first thing that caught my eye was a photo of Musk showing off his muscles.

And underneath the photo, there was a conversation with a SNS user.

↳What is your secret to maintaining your body?

[Fasting and Yugoslavia]

It was just one short line.

But Musk already enjoyed celebrity-level popularity in the United States.

News spread like wildfire that he was using a drug called Yugovin.

“I guess that’s why celebrities’ advertising rates are high.

“It’s amazing that a celebrity’s comment on social media can have such an impact.”

“It’s not just Musk.

Several influencers have also posted testimonials saying that they have also used Yugovin and have seen great results.”

“You’re not the one who received our advertisement, are you?”

“We haven’t even started on the promotional campaign yet.”

How did you know and use Yugovin?

Although they released a small amount into the US market, there was little way to know since they didn’t advertise it at all.

“Some people who bought it for diabetes treatment seem to have left reviews about its weight loss effects.

Word of mouth spread little by little, and even celebrities started using it.”

“It became a hot topic today, but it seems like the response wasn’t enough to go into mass production.

“Once the medical lobbying is over and all the ads have aired, let’s increase production.”

“I think so too.

It is an expensive drug, costing 2 million won per month.

“I don’t think there will be that much demand.”

It could be seen as a drug for the wealthy.

Even if it were covered by insurance because it was a diabetes treatment, it was expensive and it was clear that it would take time for demand to increase.

“It doesn’t matter if our expectations are wrong.

Contrary to expectations, word of mouth spreads faster as demand increases rapidly.”

“All innovative products tend to experience initial shortages.

I wish Yugoslavia had experienced such an issue.”

By the way, Musk is a person who fits the word ‘eccentric’ very well.

Unlike other CEOs of large Korean companies, he was the type of person who did what he wanted to do without hesitation, and he also liked showing off himself to others.

There was nothing bad.

Thanks to Musk, we can enjoy the advertising effect without spending a single penny.

***

When it was dinner time, we moved to Captain Kang’s restaurant annex.

Rep. Choi Jae-seok had already arrived and was waiting for me, and we exchanged only a brief greeting and focused on the food.

Slurp!

Finally, after we had finished drinking the rice cake soup, we made eye contact.

I let out a big sigh and prepared to start the real story.

“The policy the Chairman sent was truly dangerous and yet attractive.

“It is a policy that carries a very high risk if it fails, but on the other hand, if it succeeds, it can dramatically increase approval ratings.”

“If the Honam region raises its approval rating through Saemangeum and the Yeongnam region raises its approval rating through Busan New Port, it will be of great help in the metropolitan elections as well.”

Who doesn’t know?

If the biggest problems in Yeongnam and Honam were solved, it would naturally receive enormous support.

However, the process was too dangerous and difficult, so Rep. Choi Jae-seok could not easily accept it.

“Do you really need to build a chemical complex in Saemangeum?

And is it necessary that a big deal with a shipping company be a prerequisite for investment in Busan New Port infrastructure?”

“This is an absolutely necessary process to make it a sustainable business.

“No matter how much money you spend on local development, if it is not sustainable, it will just be a waste of money.”

The chemical complex and the big deal absolutely required political influence.

Even if the government opposes it, there is nothing we can do if the party that won a landslide victory in the general election pushes it through.

And since the lame duck period of this administration is not long, the influence of the People’s Economy Party could be even stronger.

“Honestly, it seems possible in the case of a big deal with a shipping company.

Hyunjin Shipping and Hyunjin Merchant Marine are both suffering from deficits.

So, I think that if we meet a strong parent company like Taewoo Group, the Korean shipping industry will grow further.”

“If Hyunjin Shipping and Hyunjae Shipping merge, we will be able to continue negotiations with shipping alliances from a more advantageous position.

So, we must merge them into one.

“Only then can Taewoo Group’s strong capital power be put to good use.”

Representative Choi Jae-seok responded quite positively to the shipping company’s big deal.

We knew full well that if the shipping company went bankrupt, the future of the Korean shipping industry would be bleak.

“I will add the Busan New Port to the election pledges for Yeongnam as well as Busan, and I will also add a big deal for shipping companies.

But the problem is Saemangeum.”

“Saemangeum is the best place to build a chemical complex.

“There are no houses around, and the land is wide, making it ideal for transporting raw materials via the sea.”

It was a perfect location.

However, Rep. Choi Jae-seok was hesitant because of the danger that comes with the name chemical complex.

“Civic groups will not remain silent.”

“The name ‘chemical complex’ may sound off.

Then, how about naming it the Core Materials Research and Production Complex?”

“It’s much better than the chemical complex.

But changing the name won’t get civic groups to just let it go.”

“Only local residents can solve that problem.

If Taewoo Group comes forward first, dialogue itself will be impossible.

But if local residents want to enter the chemical complex, the justification will shift to our side.”

The power of local residents’ groups was stronger than that of civic groups.

No matter how clear the purpose of a civic group may be, there is no greater cause than survival.

Who could possibly defeat a local community fighting for their survival?

“So we need to get the local residents to rise up.”

“This is where political power is needed.”

“Please tell me one more thing.

“Isn’t the chemical complex polluting the Saemangeum area or exposing it to a major safety accident?”

“If you are concerned about the Gumi hydrofluoric acid leak, you don’t have to worry.

We plan to build a chemical complex by mobilizing all of Taewoo Group’s technological capabilities.

Taewoo Construction is also one of the few construction companies that possesses the technology to build nuclear power plants.”

Taewoo Construction’s technological prowess was world-class.

There were only a few construction companies capable of building nuclear power plants, and one of them was Taewoo Construction.

“If safety is assured, I will risk my political life to promote this policy.”

“I promise on the name of Taewoo Construction.

The things you’re worried about will never happen.

And as soon as the policy is approved, we will begin large-scale construction.”

During election season, all politicians issue empty promises.

This is also the reason why politicians have developed the image of not keeping their promises.

However, even Representative Choi Jae-seok could not have that kind of image, and he could only win the presidential election by winning the support of the people by unconditionally fulfilling his promises.

“Whew, my head already hurts.

“If we were to conquer Yeongnam and Honam, even ten bodies would not be enough.”

“Then may I prescribe you some headache medicine?

“This is a very effective headache medicine.”

“I have high hopes when Chairman Kim says so.

“What kind of medicine is it?”

“I would like to pour oil on the real estate market that is just starting to come alive.

“I understand that the current real estate PF size is approximately 50 trillion won.”

“Last year, the real estate PF size was 48 trillion won, and it is expected that this year will be similar.”

“We are planning to pour about 30 trillion won into real estate PF at the Taewoo Group level.

For the development of the Korean construction market and stabilization of housing prices.

”

Stabilization of house prices and development of the construction market?

Actually, this wasn’t my interest at all.

However, real estate prices will continue to rise for at least the next five years.

So, if you want to take advantage and get out early, now is the best time.

“Are you saying that 30 trillion won will be invested in the real estate market?

Then the construction market will revive all at once!”

“Financial companies located in financial towers, including Taewoo Securities, are planning to create large-scale PFs.

But if the People’s Economy Party comes forward and organizes a large-scale PF, wouldn’t it have a big impact on the approval rating?”

30 trillion won is by no means a small amount.

Even from the perspective of the ruling party, which receives support from the government, it was a difficult amount to raise.

However, if the People’s Economy Party were to attract a large-scale investment of 30 trillion won, it would naturally have a positive effect on its approval ratings.

“You’re not just giving me a headache medicine, you’re giving me a panacea.”

“This is a fund that is especially concentrated in the metropolitan area and surrounding metropolitan cities.”

“It’s a little scary.

“I am afraid that I will not be able to live up to your expectations, given the great help you have given me.”

“That will never happen.

“Please continue like this!”

All Rep. Choi Jae-seok has to do is run hard in the sun.

The People’s Economy Party will take care of the positive work, and Captain Kang will take care of the negative work.

***

The next day.

I called in a vice chairman and told him what happened with Rep. Choi Jae-seok.

“You’re saying that you’re going to invest 30 trillion won in real estate PF?”

“Won’t there be a lot of money left over even after investing in Brexit anyway?”

“you’re right.

“The employees at Taewoo Securities were having a hard time finding new investment opportunities.”

“If you invest in real estate PF, you can earn much greater returns than with bonds or bank deposits.

If you do it well, you can expect a profit of close to 30%.”

Oil wars and Chinese short selling.

And previous projects have also seen at least double the returns.

So while a 30% return may seem small, it’s not a low return when compared to the average return on Wall Street.

“I think there are quite a few financial companies that would like to participate in PF.

Everyone has earned a lot of money this time, so their pockets are full.”

“Have a vice president meet with financial institutions and encourage them to join the PF.

There is no need to force it.

“If the financial institutions don’t participate, our own funds will be sufficient.”

“Actually, if it were up to me, I would like to eat Taewoo Securities alone.

Isn’t it incredibly difficult to find a suitable place to invest?

Still, in good conscience, I will recommend it to financial companies.”

When Taewoo Securities moves, the entire financial tower moves along with it.

So, it was possible to fill up about 30 trillion won in a single day, and there would have been financial companies that would even come forward to invest more money.

Saemangeum, Busan New Port, and even real estate PF.

It was estimated that over 50 trillion won would be invested in this general election.

With this amount of money, even if the People’s Economy Party doesn’t like it, it will be able to secure a majority of seats.