I Am the Third-Generation Heir of a Conglomerate - Chapter 438



Only Noblemtl

438. Renegotiation (3)

A few days later, after renegotiating with the shipping company.

I may have to renegotiate again.

“Robo Nordisk has sent its final notice. The notice of renegotiation of the Yugovin stake has arrived along with the complaint.”

“I guess you’ve found a valid reason to sue.”

“We have filed separate lawsuits in the US and Danish courts. In the US courts, we have an overwhelming advantage, but I don’t know what will happen in the Danish courts. If we lose in Denmark, it could be difficult to sell Yugovin in the EU.”

It was Robo Nordisk who was fully aware of this fact.

However, the fact that they re-filed the lawsuit meant that they were completely turning their backs on us.

“Since our opponent is strong, we will have to use the cards we have been saving. We will also file a lawsuit.”

“Which country would be better to raise this issue in? Denmark or Europe is a favorable battleground for Robo Nordisk. But if we raise this issue in Korea, the impact would be too weak.”

Global companies file a lot of lawsuits.

With so many lawsuits filed every year for patents, technology theft, obstruction of business, etc., we inevitably become accustomed to lawsuits.

“Let’s do it in the United States.”

“Yugovin is a dispute between Taewoo Group and Robo Nordisk. There is little basis for litigation in the US courts.”

“We can file a lawsuit in the US for technology theft because some of Taewoo Group’s AI technology shares are owned by an American IT company.”

The artificial intelligence center was located in Taewoo Group.

However, Taewoo Group has developed its technological capabilities through exchanges with many global groups.

In particular, we split the shares among the companies where I was a major shareholder.

“Ah! Since some of the shares in artificial intelligence technology are owned by American IT companies, it would be possible to file a lawsuit in the United States.”

“Big companies like Apple, Google, Amazon and Facebook will testify for us.”

The influence of IT companies that own shares in artificial intelligence technology was enormous.

We were sharing our technology with companies known to people all over the world.

So, not only was it possible to sue, we were able to argue in our favor.

“If that happens, the American court will also rule in our favor.”

“The evidence of technology theft is clear, so we have no choice but to win even if a ruling is not in our favor.”

“But the problem is the Danish court. If the Danish government or the euro puts pressure on us, we could lose.”

“We have to make them back down. If we drop the lawsuit, nothing will happen.”

If Robo Nordisk withdraws the lawsuit.

No matter what Denmark or the euro did, there was nothing they could do.

If the parties had withdrawn the suit, it would have been the end of it all.

“We will move our legal team and U.S. law firms to file a lawsuit in the U.S. within this week.”

“Get the best defense team through David. It doesn’t matter how much money you spend. In fact, spend it to the point of excessiveness. That way, Robo Nordisk won’t be scared.”

“I will assemble a super luxurious legal team that will be so luxurious that people will say that we are using money to suppress our actions.”

I kept holding on.

I endured even when Robo Nordisk sent me a letter of protest, and I endured even when they played the media.

To be exact, rather than holding back, I waited for the right time, and the moment finally came to take out the card I had been saving.

***

Robo Nordisk Board of Directors.

It was Robo Nordisk that had strong influence on the board of directors.

All decisions were made through the board of directors.

“It is said that Taewoo Group has filed a lawsuit in the United States.”

“The thief is getting angry. What on earth did he file the lawsuit for?”

Chairman Russ expressed his anger.

They were the victims, and Taewoo Group was the perpetrator.

However, it was impossible for the perpetrator to sue the victim.

“We filed a lawsuit for technology theft. They say we stole the artificial intelligence technology.”

“Are you now claiming that you stole the AI ​​technology that was used through the contract? Hehe, this is a very absurd situation.”

Chairman Russ laughed bitterly.

But in contrast, the executives could not hide their embarrassment.

Chairman Russ found them swallowing dry saliva with their faces pale.

“Seo, did you steal the artificial intelligence technology?”

“It’s not to the extent of taking over, but we did conduct some research at the research institute level.”

“Without the consent of Taewoo Group?”

“… … Yes.”

Chairman Russ pressed his temples.

He could never have imagined that the executives could have done such a thing without his knowledge.

“This is a trick to cover up the theft of the New Testament with the theft of technology. What are our chances of winning?”

“That’s a very complicated issue. Not only Taewoo Group, but several other companies have filed lawsuits at the same time.”

“What the heck! Why are other companies suing us?”

“American companies also held some of Taewoo Group’s artificial intelligence technology shares.”

“So that’s why you filed a lawsuit in the US. Phew.”

Chairman Russ exhaled and tried to calm himself down.

But the legal team’s report wasn’t finished yet, and there were bigger things to report.

“The companies that filed the lawsuit are Google, Amazon, Apple, Facebook, and Tesla.”

“What do you mean!”

It was Chairman Russ who suddenly stood up from his seat.

He couldn’t sit still as the names of global companies that were among the world’s top 10 companies came out one after another.

“It has been revealed that many American IT companies have developed artificial intelligence together with Taewoo Group. And if we lose this lawsuit, we could end up paying astronomical amounts of damages.”

“How does winning the Yugoslav case compare to winning it in Europe?”

“If we could stop Sentry from selling Yugovin in Europe and we could produce and sell Yugovin in Europe, we could make a lot of money. But we would have to give up the American and Asian markets, and if we consider the compensation, it would be even more of a loss.”

Ultimately, the goal of a business is to make a profit.

With Robo Nordisk’s technology, it would have been possible to create a drug similar to Yugovin in a short period of time.

However, Centron held the patent rights and was able to file a lawsuit to have the new drug manufactured and sold in Europe.

But the problem was the compensation.

It would be meaningless if the compensation was higher than selling the new drug in Europe.

Of course, if they gave up the US market, they could have saved on compensation.

However, since the United States was the country that imported the most diabetes treatment drugs, the US market could not be given up, and the compensation had to be paid unconditionally.

“Even if we win the lawsuit over the Yugoslav shares, we will suffer greater losses.”

“Yes. The best way forward in this situation is for us to drop the lawsuit and for Taewoo Group to drop its technology theft lawsuit.”

“Haha, things are really going funny. Why did you get so greedy? Let me ask you again. What did you gain by being greedy?”

Chairman Russ looked at the management and asked a question.

But none of the executives opened their mouths.

Although they stole artificial intelligence technology, they were unable to use it properly or put it to any use.

It was clearly a well-used technique.

But at some point it started giving errors and now it doesn’t even work.

They thought they were not using it properly, but in reality, it was because Director Cheon Min-jeong intentionally created an error.

“You are doing a good job. Remember what we have lost because of your greed!”

“I’m sorry. I will visit Korea as your representative and try to somehow get some of your shares recognized.”

“Okay. Wouldn’t it be better if I went myself? Please set up a schedule for Korea. I need to go to Korea as soon as possible and talk to Chairman Kim.”

Chairman Russ rarely engaged in external activities.

But this time, I couldn’t trust anyone else.

If things went wrong, Robo Nordisk could lose its former glory in an instant, so it was Chairman Russ who decided to take charge himself.

***

Today I went to work at the financial tower.

From the moment we entered the main gate, cheers of joy were erupting from all over.

You could guess that Brexit was making a lot of money.

“Mr. Chairman, are you here?”

“The employees’ faces were very bright.”

“Brexit is generating better returns than expected, especially thanks to CEO George’s successful strategy for the pound. Of course, the returns are lower than those of the oil war or China short-selling.”

It is rare to see multiple returns from a single investment.

It was not a bad investment even if you only break even, and if you see a return higher than the bank interest rate, it was a good investment.

However, since it has achieved a return of at least 20% due to Brexit, it can be seen as a relatively successful investment.

“I was worried that my standards might have been too high, but I guess not.”

“It varies depending on the financial institution, but the rate of return is between 20% and 50%. Since the amount of money available for use has increased due to past investments, it is by no means a small amount when looking at the return alone.”

“As your holdings grow, it becomes more difficult to find places to invest your money.”

Most of the financial companies belonging to the financial tower were financial companies with history and tradition.

Such financial institutions prioritized stability, while Wall Street hedge funds, on the other hand, prioritized profitability over stability.

But now, both stability and profitability are higher than hedge funds.

Simply because it belongs to a financial tower, it is guaranteed higher returns and stability than hedge funds.

“And short selling of UK companies is also generating high returns. In fact, if you continue to short until Brexit, you can expect to make at least double your returns.”

“The financial tower will be having a money feast again this year.”

“Thanks to you, the commercial area around the financial tower has completely come back to life. These days, even if the monthly rent is doubled, people are fighting to get in.”

The prices around the financial tower were hard to believe were Korean.

Because there was so much money, it was difficult to even make a reservation at a fancy restaurant.

As soon as the items arrived at the luxury goods store, they were all sold out.

“At this point, I think we can say that Seoul has established itself as a financial hub.”

“It’s established itself to a level comparable to Singapore, if not Hong Kong. If it can maintain its current status for five years, it could surpass Hong Kong and become the best financial hub in Asia.”

For five years, the current rate of return could be guaranteed.

But after five years, the information I have ends.

So, we had to build a self-sustaining system within five years to fully establish ourselves as an Asian financial hub.

To do that, Korea had to grow more than it is now.

Financial institutions tend to come to places where money gathers, and as Korea became the center of Asia, it was only natural that financial institutions would locate in Korea.

“There’s no need to worry about the financial tower, but what about the shipping company?”

“Thanks to the financial support provided by the Taewoo Group headquarters, we are operating without any major problems. However, since we have provided additional funds, the deficit is bound to increase.”

“Don’t worry about the deficit. If the shipping industry improves, won’t it naturally turn into a surplus?”

“And we have submitted an application to join the 2M shipping alliance, and they said they will respond within this month.”

You just have to endure it for a few years.

When the Corona era came, the shipping industry was supposed to come back to life.

To get through those years, we needed a shipping alliance, and we reached out to 2M.