I Am the Third-Generation Heir of a Conglomerate - Chapter 439



Only Noblemtl

439. Renegotiation (4)

Robo Nordisk’s CEO Russ visited Korea.

Since it was related to Sentryan and not Taewoo Group, I met him at the Sentryan headquarters building.

“It’s nice to meet you in Korea. I’m sorry that I didn’t contact you, but I would have gone to Denmark.”

“How much longer do I have to live? As I get older, I become more impatient. And in this case, if we drag things out, won’t both sides suffer great losses?”

If you waste time, you lose?

In fact, Taewoo Group and Sentryon didn’t really suffer any losses.

Although it was a subject of gossip due to the lawsuit over Yugoslavia’s stock holdings, sales increased even more thanks to the noise marketing effect.

“First, I would like to express my regret. Taewoo Group and Centrian do not agree at all with the lawsuit filed by Robo Nordisk. We spent a huge amount of money to purchase diabetes treatment technology. And the contract clearly states that all rights to the new drug developed by improving the diabetes treatment belong to Taewoo Group and Centrian.”

“Wasn’t the contract itself a fraud? Director Eriksen confessed his conscience. He confessed that there was external pressure to sell Yugovin’s technology.”

Who was Director Eriksen?

Ah! I remembered. It was the sales director of Robo Nordisk who had been persuaded by David.

Thanks to his active participation, we were able to easily purchase all of Yugoslavia’s rights at a low price.

“What’s wrong with trying to persuade Director Ericsson? Robo Nordisk wanted to stop research on diabetes treatment. They wanted to stop developing the technology and destroy all the data, but we bought them and turned them into Yugovin.”

“There are also suspicions that artificial intelligence was used to intentionally contaminate the research results.”

“Taewoo Group’s AI system has far superior performance compared to all other AI systems in the world. If the results were tainted, it would be because an unauthorized person accessed it and manipulated the AI.”

In short, it was all Robo Nordisk’s fault.

What would be the problem with trying to persuade Director Eriksen?

It was not a crime to suggest selling a diabetes treatment that was about to be scrapped.

There may be some legal issues to consider, but the people who signed the contract were the management and Chairman Russ, not Director Eriksen.

And in the case of artificial intelligence technology.

If Robo Nordisk had not been so greedy about artificial intelligence, the results would not have been tainted.

“I apologize for the AI ​​thing. My greed got in the way.”

“Then, is it okay if I apologize? Should I apologize for buying the discarded technology from Robo Nordisk and developing a new drug?”

“Chairman Kim! Do you really have to be so negative when I say this? Don’t you know very well that most of Yugovin’s technologies were developed by Robo Nordisk?”

If it was before the regression, he was right.

Because the diet treatment was made entirely by Robo Nordisk.

However, I could not agree that in this life, many roles were taken by Taewoo Group and Sentryon, and that most of the technology belonged to Robo Nordisk.

“The technology developed by Taewoo Group and Sentryon is also considerable. And we purchased the technology at a fair price. We did not steal the technology without spending a penny like Robo Nordisk.”

“I will apologize for that part again. However, for the sake of the researchers who have worked hard to develop a diabetes treatment so far, we must definitely recognize a portion of Yugobin’s share.”

It was Chairman Russ who demanded shares so confidently.

It’s not that I don’t understand his mind.

I guess this is why they think they created Yugoslavia with their own technology.

But this shouldn’t have happened since the contract had already been signed and the full payment had been received.

“If they want to be recognized for their share, they will eventually have to fight in court. Even if Robo Nordisk wins in a Danish court, it will be difficult to win completely. There is a contract, and the technology of Taewoo Group and Sentryon has not changed in the production of Yugovin.”

“If we win in the Danish court, we will not be able to sell Yugovin in Denmark or anywhere in Europe. Are you okay with that?”

Of course, there was no way it would be okay.

But I had to pretend that it was okay in order to take the initiative, so I nodded without changing my expression.

“Let’s give up the European market. But we can also prevent Robo Nordisk from selling its diet treatment in the European market.”

“You’re being extreme.”

“Robo Nordisk was the first to use the extreme method of litigation.”

“I sent several official letters, but I received no response, so I had no choice but to file a lawsuit.”

We’ve said enough to each other.

So now it’s time to slowly put the rest of the cards in your hand.

I first played the card of AI technology theft raised in the United States.

“The damages for the AI ​​technology theft lawsuits filed by Google, Amazon, Facebook, Tesla, etc. will be set at a minimum of 2 billion dollars. If Robo Nordisk fails to properly explain itself, a historic damages of more than 10 billion dollars could be imposed.”

“… … It seems like you’ve dug a trap that we can’t escape from.”

Chairman Russ looked relieved.

If it were the United States, it would have been a place where compensation of over 10 billion dollars could have been paid.

If such a lawsuit were filed in Korea, the maximum award would be 1 billion won, but in the United States, the award could run into tens of trillions of won.

“I have never set a trap.”

“Couldn’t you have made security more stringent?”

“Even if the person next to you is managing his valuables carelessly, that doesn’t mean it’s okay to steal them.”

These negotiations should have focused on the minuses, not the pluses.

Even if sales in Europe are restricted, Yugoslavia will still make a profit, although sales will only decrease.

However, in the case of Robo Nordisk, if it had to pay a huge amount of compensation, it would definitely be a negative.

Going from 100 to 50 and from 0 to -30.

If you look at the absolute numbers, the former was more damaging.

There was a clear difference between a decline in future earnings and a decline in current earnings.

“I had no intention of simply asking for recognition of my stake.”

“I was waiting to hear that. If you had said it sooner, we wouldn’t have had to argue so much.”

It was Chairman Russ who finally took out the card.

What cards does he hold?

Instead of negative cards like tech theft, he was going to play cards that would reward us, and my prediction turned out to be correct.

“I heard that Taewoo Group recently established a shipping company. I also know that it is working to join the shipping alliance.”

“I didn’t know Robo Nordisk’s information capabilities were so great. You even know information about closed shipping alliances.”

“How would I know this information? Maersk Shipping, one of the pillars of the 2M alliance, is a Danish company, right?”

The card that Chairman Russ pulled out was truly unexpected.

I never thought they’d come prepared with a card called the Shipping Alliance.

I knew that Robo Nordisk and Musk were companies based in Denmark, but I never expected it to be so different from each other in their industries.

“Are you saying you can help us join the shipping alliance? Is that possible with Robo Nordisk?”

“It is certainly possible if we get help from the Danish government. We have already discussed this with the highest levels of government.”

“So you mean to exchange some of the shares with the shipping alliance?”

“It’s not a large amount of shares. If you give us just 20% of shares, we will take responsibility for joining the shipping alliance. We will make sure that you become a member of a full-fledged 2M shipping alliance, not a strategic alliance or a temporary alliance.”

Although Musk is a multinational company, it can be seen as a Danish company.

If Danish politics had been active, Taewoo Shipping could have easily been accepted into the shipping alliance.

At this point, joining a shipping alliance was imperative.

However, that did not mean that it could be exchanged for Yugoslavia’s 20% stake.

Yugoslavia was worth hundreds of billions of dollars, and even 20% of it would be worth at least hundreds of billions of dollars.

Could joining a shipping alliance be worth hundreds of billions of dollars?

I can say with absolute certainty that this is not the case.

If you look at it from this point in time, it might be a reasonable deal.

If you consider all future values, it was a one-sided, loss-making transaction.

“A 20% stake is too much. The conditions that Taewoo Group can offer are as follows: We will give the European production and sales rights to Robo Nordisk. We will also receive a lower royalty than the average.”

“You mean you want to receive royalties? Compared to joining a shipping alliance, this seems like a very small compensation. Even if we don’t receive royalties at all, such conditions are unacceptable.”

Chairman Russ expressed his intention to refuse.

But I felt better instead.

This was because Chairman Russ and Robo Nordisk still felt that they did not fully understand Yugoslavia’s value.

A paltry compensation compared to the shipping alliance?

Rather, it was Chairman Russ who refused such conditions, which were close to excessive compensation.

“Then how about this? Instead of dropping all lawsuits against Yugovin and AI, I will donate $100 million to the Robo Nordisk Foundation. This is a reward for the hard work of the researchers so far.”

“I agree to drop the lawsuit, but $100 million is not enough to move the shipping alliance.”

“How much compensation would it take to move the shipping alliance?”

“Wouldn’t the Danish government be able to save face if it had at least 5 billion dollars?”

You want compensation of over 6 trillion won?

It was actually an amount that could be given.

Compared to the value of Yugoslavia, 6 trillion won was not that large of an amount.

However, if it meant paying 6 trillion won as a membership fee for the shipping alliance, it was a no-no.

Although it is said that joining a shipping alliance is urgent.

It wasn’t so desperate that I had to donate 6 trillion won to join.

Even if we run a deficit for several years, it won’t exceed 6 trillion won.

“First of all, we need to think more about the shipping alliance. Let’s come to an agreement where both parties drop the lawsuit. And we need to add a clause that they will not cause trouble again over the same issue.”

“That’s what I wanted to say. I hope that the issue of stealing AI technology will never be brought up again. And if you want to inquire about the shipping alliance, please contact me at any time.”

This is how we reached an agreement.

I also pretended that I had never donated to the foundation.

The meeting ended with just the cow being taken away.

Chairman Russ stands up in the conference room.

He looked at me and smiled subtly.

I guess he must be smiling because he thinks I will be contacting him soon to join the shipping alliance.

Do you think I’m the one who feels sorry?

That will never happen.

Joining a shipping alliance with a $5 billion donation?

For that money, I’d rather create a shipping cartel.