I Am the Third-Generation Heir of a Conglomerate - Chapter 422



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422.

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It’s March.

As the weather cleared up, people were moving around busily.

At Taewoo Group, Vice Chairman Han was having the busiest time.

“I also received a call from the Chief of Staff of the Blue House yesterday.

“I receive regular calls once a week to let me know how the real estate PF opinion coordination is going.”

“The general election is just around the corner, so what are you trying to do now?

“Just kill time.”

“It’s already like that.

He said it would take time to convince American financial institutions that they were opposed to government-led projects.

Time was on our side.

Rather, it seems like the government is helping us.

It was a real estate PF that the government was also showing great interest in.

The ruling party did not attack real estate PF at all, perhaps because they thought that if they did well, they could take it over as a government-led project.

“There will be no problem with real estate PF.

But is Saemangeum still very noisy?”

“Civic groups and local residents’ groups have come together properly.

“Saemangeum is always reported as the first topic in regional news in Honam.”

“The fact that it’s newsworthy means that local community groups are strongly opposed to it, so that’s not a bad thing.”

“It is also thanks to Rep. Choi Jae-seok touring the Honam region and appealing for support.

They are appealing that if they are pushed out by civic groups, investments made on a tangible scale will go down the drain.”

Depending on the type of speaker, its sound transmission ability varies.

In the political world, there was no speaker as good as Rep. Choi Jae-seok, and in the Jeonbuk region, there was no one who did not know the story of the investment in Saemangeum in the tens of billions of won.

“As the weather gets warmer, protests will become more serious.”

“We had a huge fight yesterday anyway.

Members of a local community group attached their resident registration cards to their heads and protested en masse to civic groups.

They are said to have protested vehemently, asking, “Where are you from, local residents, and why are you blocking the development of Jeollabuk-do?”

The civic group was made up of people from all over the country.

There is a saying that even a dog eats half of its food when it gets home.

Moreover, with the general election just around the corner, the home ground advantage of local residents could never be ignored.

“The more intense the protests become, the more attention they will receive, so as long as the protests continue to the point where they don’t turn violent, there’s nothing wrong with that.”

“They are even showing their intention to push through their own will by voting for the People’s Economy Party through angry voting.

“This is also the reason why the approval rating of the People’s Economy Party is rising as the protests continue.”

It was a very good situation.

Because the People’s Economy Party was able to naturally infiltrate the Honam region.

“How is the shipping company’s big deal going?”

“Things are turning out really interestingly.

Hyunjin Shipping, Hyunjae Shipping, and the creditors can be seen as the owners.

“First of all, we are demanding a self-rescue plan from the management, but the level is unsatisfactory.”

The level of self-rescue plan demanded by the creditors was very high.

Before the regression, there was no other way, so they had to choose between requesting self-rescue or going into court receivership, but now there was another option.

“If you are not satisfied with the rescue plan, we will proceed with bankruptcy or sale of the company.”

“The deficit was so large that no one wanted to buy the shipping company.

However, since Taewoo Group has said that it is willing to purchase the company if a big deal is made, the creditors are showing great interest.”

The most powerful group within the creditor group were government-affiliated financial institutions.

Those who could borrow large sums of money, such as the Industrial Bank of Korea and the National Pension Service, held the largest amount of bonds.

But they had to move according to the government’s will.

That’s why I was in a position where I couldn’t take the initiative and make any choices.

But it was different for private financial institutions.

They were hoping for a way to make even a penny more profit, and they knew that selling the company rather than going bankrupt would be the option that would reduce their losses.

“It is said that private financial institutions belonging to the creditor group are demanding a big deal from the government.”

“If they can get help from the government, they can make up for some of the losses with taxes, so the creditors cannot help but desperately need government support.”

“However, the government is showing a stance of wanting to save only one shipping company rather than a big deal.”

How could the Korean government completely abandon the Korean shipping industry?

However, we cannot afford to spend a huge amount of tax money on two shipping companies, so we decided to choose just one to keep going.

“We need to convince the creditors to persuade the government.

“If we can persuade the government to accept the big deal policy, the creditors will be able to reduce their losses even a little.”

“To do that, the management’s self-rescue plan must be presented in a more realistic way.

Even if I were a creditor, I don’t think I would want a situation where only the creditors are making efforts.”

Management, creditors, and even the government.

It was a relationship of mutual beating, and the big deal policy was only possible if everyone suffered losses.

“The government’s keynote will change depending on the results of the general election.

And in the case of management, if they benefit from real estate PF, they will naturally come up with a stronger self-rescue plan.

If that happens, the creditors will also take steps to forgive the debt.”

“I leaked some information to the current group and the Hyunjin group from the financial tower.”

“I’ll be in touch with you soon.

“Just continue as you are now.”

The more complicated the task, the more it could be solved one by one.

And I wasn’t too worried because if I just won the general election, I could untie the thread more easily than I thought.

“And there is one more thing I have to report.”

“Judging by your expression, it seems like it’s a good thing.”

“New drugs are in short supply in the United States.

“They say they’re going all the way to the outskirts to find Yugobin.”

The Yugoslav fever was still going on.

Demand was exploding beyond our expectations, and as soon as Centurion was produced, the US was sucking it up like a black hole.

“I think the warm-up is sufficient.

Now we can start promoting it and supply Yugobin in large quantities.”

“I have already sent most of the inventory Sentry holds to the United States, and I will order production to be carried out in two shifts.”

“Can the new factory also be put into operation?”

“I understand that the experimental production has already been successful and the personnel recruitment has also been completed.

“We can start mass production starting today.”

In some ways, the Yugovin was a product similar to the iPhone.

It was an expensive product costing well over 1 million won, and it also had a very high operating profit margin.

“Once we go into mass production, our operating profit margin will also increase significantly.”

“The current operating profit margin is in the 30% range.

However, it is expected that up to 45% will be possible once mass production begins.”

“It’s true that the pharmaceutical business is very profitable.”

“Compared to the manufacturing industry’s average operating profit margin of less than 10%, this is certainly a very high operating profit margin.

But that also makes developing new drugs difficult.”

It’s not for nothing that new drug development is called Noda’s quest.

If just one new drug hits the jackpot, the company won’t have to worry about money for at least 10 years.

In particular, the more in-demand the drugs are, such as diabetes or obesity treatments, the more profits can be made.

“Sales will increase significantly starting this year, but demand will really explode starting next year.”

“We will prepare properly and take measures to ensure that there are no disruptions to sales.”

“The Taewoo Group must be overflowing with money.

When money is overflowing, flies tend to flock there.

So shouldn’t we use it up quickly?”

“If you bury it somewhere that doesn’t smell, flies won’t flock there.”

It was a vice president who was afraid from the start.

Certainly, one vice president had a keen sense.

Because we were making plans that were on a completely different level from the Saemangeum project, shipping company big deals, and real estate PF.

“Starting next year, a lot of money will be spent.

So, let’s make the most of Brexit.”

“I will do my best to ensure that there are no disruptions to the Chairman’s plans.

But could you tell me how much you would spend?”

“We may end up using up most of the money we made from the oil war and shorting China.”

“Are you saying that much?”

“You can use it more.”

“I will return to the financial tower right now!”

He was a vice president who was desperately trying to make money.

But this time, it wasn’t something I said to scare him.

Because you’re going to be investing literally astronomical amounts of money.

***

The 20th National Assembly election was held today.

Huge crowds had been flocking to polling stations since morning, and news was coming out that the voter turnout would be higher than in the last general election.

I finished work leisurely.

I headed to Captain Kang’s office with Vice Chairman Han to watch the vote counting broadcast.

“I prepared some cold beer and ramen for a late-night snack.”

“It’s not already boiled, is it?

“Ramen tastes best when it’s chewy.”

“Chairman, don’t you think I know your taste?

“I just boiled the water, but I haven’t boiled it yet.”

There was no food better than ramen for a midnight snack.

We boiled five packages of ramen, shared them, and watched the exit poll results.

Since the three major broadcasting companies conducted exit polls simultaneously, we changed the channel to check the results, and one vice president took the average while holding chopsticks in his mouth.

“If we average the results of the three broadcasting companies, the ruling party gets 85 seats, the opposition party gets 75 seats, the new party gets 10 seats, and lastly, the People’s Economy Party gets 130 seats!

Although we did not secure a majority of seats, we were able to emerge as the largest party!”

“In the end, we failed to secure a majority of seats.”

“Still, it’s a tremendous achievement.

In the last election, the People’s Economy Party won 92 seats, but in this election, it secured about 40 more seats.

And if the ruling and opposition parties join hands, it is a figure that is sufficient to even amend the Constitution.”

It wasn’t the best result, but it was the best.

Because it was a figure that could maintain national power even if Representative Choi Jae-seok became president.

“If the ruling and opposition parties join forces, they will win a majority of seats.

However, it won’t be a big problem since it won’t be enough seats to lead a constitutional amendment.”

“Even if the new party joins forces, constitutional amendment is impossible.”

The exit polls of the three broadcasting companies had errors.

Even if the best possible result was applied to the People’s Economy Party, the maximum would have been 140 seats, and the worst would have been 120 seats.

“The People’s Economy Party has now completely established itself as a new axis.”

“Rather than the two major parties, the People’s Economy Party has established itself as the largest party, and the ruling and opposition parties have been pushed to second place.

Of course, if you look at the national approval ratings, the gap is very small, so it seems like they should be called the three giant parties.”

As the two major political parties have a long history, they have had a solid, concrete support base.

The People’s Economy Party was also busy pouring concrete, but it was not yet dry.

“Still, if it is a three-way battle, the People’s Economy Party will have the advantage in the presidential election.”

“The gap isn’t that big, but it’s enough to win.”

“The counting hasn’t even started yet, so let’s just wait a little longer for the results.”

There was still one corner left that I was looking forward to.

In the case of presidential elections, the accuracy of exit polls was very high.

In the case of parliamentary elections, exit polls are often wrong.

There’s no law that says it won’t happen this time, right?

The People’s Economy Party could have won more seats than the exit polls indicated.

Of course, the opposite result could also happen, but how could the opposite result happen, considering how much money I invested in this election?