Omniscient Investment Point - Chapter 234



Only Noblemtl

234. Buy Japan – 5

(1)

This time my trip to Japan was to Nagoya, not Tokyo.

Of course, it’s because of the meeting for the magnetic acquisition.

First of all, I was greeted by Myeongjuwon.

“No matter how much I think about it, it seems like a company with 2 trillion yen in sales won’t be able to come out cheap.”

He expressed his thoughts as follows:

I agree too.

“We thought it would be around 400 billion yen, but we recently reached a tentative agreement that we should spend a bit more.”

Although the subject is missing, it means that H2K and JTS will join hands to acquire it.

“But what about the representative here? You won’t leave the manager as is, right?”

“Of course. In the era of electric vehicles, the fact that the core parts business has never turned a profit despite being promoted… isn’t it a problem of ability?”

“Then, you’ll have to find a new manager.”

“Yes, maybe.”

It was a conversation that was already under the assumption that we would take over, but I quickly made a proposal to Myung Joo-won.

“Do you have any thoughts?”

“Thoughts? Huh? Surely not me?”

“There is nothing that can’t be done.”

“Oh my, how much do I know about electric car parts?”

“What does that matter? I heard that the current CEO is an engineer. Doesn’t that just make the company even worse?”

In reality, not all engineers are bad at management.

But Magnetic’s CEO was too harsh.

They over-hired people to the positions they needed, and unrealistically raised investment and development costs.

For that reason, technological competitiveness has increased.

‘The company is going to fail… … .’

Eventually, capital will have to get its hands on the technology.

“First of all, the new CEO must be well-versed in finance. If so, a branch manager who has been with an investment company for a long time would fit that criteria. Second, he must also be good at restructuring. Who in our company is called a restructuring expert?”

“haha…….”

“And the CEO, you’re not tired of living in Japan. I told you to stop coming last time, but you said you’d stay longer, so I thought about leaving the magnetic for you.”

“what…….”

Awkward laughter, uncertain answers.

I didn’t consider this a lack of confidence.

I was just taken aback by the sudden suggestion.

“Well then, take some time to think about it.”

“Yes… … . Um… … . Can I ask you a question?”

“Go ahead.”

“Did the CEO talk to the current chairman?”

“Of course.”

It was a lie.

My suggestion wasn’t even accepted by Myung Joo Won, so why should I trust him and tell him?

‘I’ll have to try to persuade that gentleman separately.’

There was no need to reveal this to Myung Joo-won.

That way I can feel more confident.

“Huh? Really? What did you say?”

“You are quite positive.”

“Really?”

“Yes, I mentioned earlier that I am good at finance and specialize in restructuring, and he seemed to like it.”

The order was changed, but I actually intended to say those words to Hyun Ki-hyuk.

“ah…….”

“What do you think? Mr. Myung, would you like to think positively about it too?”

“Yes, yes, I will think about it in that direction.”

I smiled as I watched him nod.

And that evening, at the meeting with Hyun Ki-hyuk, the new CEO was mentioned… … .

(2)

“hmm…….”

Hyun Ki-hyuk had a rather cautious expression.

Since he was originally a person who gave refreshing answers, it seems that he felt burdened by having Myeong Ju-won as the CEO.

“I tried to find out in the US or Europe… … .”

“That’s good too. But can we really negotiate with the Magnetic Union so skillfully?”

“Do you think you can’t do it? Your history of labor-management relations is much longer than ours.”

“That’s right. That’s why it’s slow.”

“… … .”

Hyun Ki-hyuk couldn’t answer my question that got to the point.

Just because something has a long history doesn’t necessarily mean it’s a good thing.

They are conservative, cautious, and negotiate closely.

“As you know, the labor laws there are so extensive and detailed. So if you do something wrong, a lawsuit will be filed, and if this drags on, the company will suffer a lot of damage.”

“yes…….”

“But the East is not there yet. I know that’s good, but the labor side is relatively more cooperative with the private side. Japan in particular is even more so.”

Hyun Ki-hyuk continues to nod his head as if agreeing with what I say.

“Also, we have an advantage over Japan in terms of restructuring. The same goes for demanding workers. The person who has a lot of experience with this is CEO Myung Joo-won.”

“Well, I admit it, but the problem is my understanding of car parts.”

“No problem.”

“Why are you so confident?”

“Because the chairman and I have proven it. If you stay in this field for a long time, you will quickly learn about new investment areas and acquire knowledge. Isn’t that right?”

“hmm…….”

Hyun Ki-hyuk is becoming more and more sleepy today.

But this time, it was an exclamation of recognition of what I said.

Originally, the moment an investment company chooses an industry, it becomes difficult to make money.

What would have happened if traditional manufacturing had been strong and investment firms had not embraced IT?

What about the secondary batteries that came later? And what about renewable energy? What about the recent AI?

You can’t just invest in that industry.

This is because we have to distinguish between the good and bad companies in which we will invest our money.

Of course, studying is essential, and you have to study faster than others.

This is why our new business learning process is so rigorous.

“I can guarantee you that CEO Myung learns faster than anyone else. I have seen his abilities in Korea and Japan. If it is bio, it is bio, if it is resources, it is resources… … But do you think he would not be able to gain knowledge about electric car parts?”

“Wow, you talk so well.”

I chuckled.

In fact, the words Hyun Ki-hyuk just brought out show the end of persuasion.

Still, I’ll ask just to confirm.

“How about it? President Myung Ji-sa as the CEO of Magnetic… … ?”

“Okay, let’s do it.”

“Thank you for listening.”

“What about gratitude? There’s nothing wrong with what you said, so I can’t not accept it. However… … .”

“… … .”

“Shouldn’t we take over Magnetic before that?”

“Of course.”

Even if we have appointed a CEO, it will be of no use if the Magnetic acquisition falls through.

However, this part was Hyun Ki-hyuk’s responsibility.

Because before negotiating with Magnetic, he said he had made an appointment with government officials.

In particular, I heard that you are meeting the Minister of Education, Culture, Sports, Science and Technology in Korea…

“You come out too tomorrow morning.”

“Huh? Me too?”

This was unexpected again.

In fact, while he was meeting with the Minister of Education, Culture, Sports, Science and Technology, I was planning to look around the magnets.

Although the actual work will come later, seeing is believing, and only by seeing it for yourself can you gain experience and knowledge.

“Well, since you were able to convince me today, I think it would be a good idea for you to join us tomorrow.”

“Okay, I understand.”

“Oh, by the way, the Minister of Education, Culture, Sports, Science and Technology doesn’t like you very much.”

“Huh? No, what is that… … .”

It was absurd.

The fact that the Minister of Education, Culture, Sports, Science and Technology, whom I didn’t even know, didn’t like me, and that he was taking me to a place where I could meet such a person.

First of all, the reason was immediately revealed.

“Because of you, the plan to monopolize the 7th district went awry.”

“Because of me… …? Oh, because of the robot development at the place I invested in?”

“okay.”

The joint development agreement for the 7th mine was a diplomatic issue.

So, the Minister of Foreign Affairs should have disliked me more than the Minister of Education, Culture, Sports, Science and Technology.

“I heard that Japan’s robot technology is the best in the world. The Minister of Education, Culture, Sports, Science and Technology was confident in that. But Korea developed an exploration robot that exceeded his expectations, and they kept discovering enormous resources such as hydrogen, oil, gas… … near Block 7. Then, do you think his superiors reprimanded the Minister of Education, Culture, Sports, Science and Technology or not?”

“and…….”

“Humans are animals that like to blame others. The Minister of Education, Culture, Sports, Science and Technology, who barely managed to keep his position after almost being fired, was wary of Daehyun Technology and resented JTS Partners, which invested in it, as the target of his wariness.”

“okay…….”

“Furthermore, the company that won the mining rights bid in Japan was Umi Industries, and the one behind it was JTS Partners.”

“haha…….”

The reason for disliking me was so obvious that I couldn’t say anything and just let out an awkward laugh.

But another question remains unanswered.

Why are you bringing me in front of someone who hates me… … .

“Do you know the characteristics of Japanese people well?”

“Honne?”

“Yes, that’s right. Japanese people are good at hiding their true feelings. And they confuse people by saying things they don’t mean.”

“Oh, so that’s why you’re taking me with you? Because I’m so good at throwing fastballs?”

“Well, that’s not the only thing. If you keep poking at someone who doesn’t reveal their true feelings, wouldn’t they be so angry that they’d only reveal 10% of their true feelings and end up revealing more than half? But that’s not all. Another Japanese characteristic is that they’re strong and weak.”

“Strong, weak, weak, strong… … .”

“Yes, you are weak to the strong, and strong to the weak. The Minister of Education, Culture, Sports, Science and Technology has already begun to recognize you as a strong person.”

I don’t understand.

You just built one exploration robot?

You got the lighting rights?

“It looks like you’ve been following JTS Partners. And you’ve confirmed your investment undefeated streak. In particular, you seem to have been really shocked by Dr. Carty’s recent NASDAQ listing.”

“Ah~”

“Anyway, I thought that if I put such a strong person in front of the Minister of Education, Culture, Sports, Science and Technology, it would be advantageous to the negotiations. That’s why I changed my mind.”

“But how on earth did you know that information? The other person recognized me as a strong person. Unless you’ve entered into that person’s mind, you wouldn’t know that, right?”

“Of course. But if you put a spy in the Ministry of Education, Culture, Sports, Science and Technology, it wouldn’t be hard to guess.”

“and…….”

The real strong man was actually Hyun Ki-hyuk.

And you’re saying that you put a spy in the Japanese cabinet, not anywhere else?

“Mr. Chairman, you should have been born during the Imjin War.”

“That’s right. If I had been born with you, I wouldn’t have been treated like that by the Japanese. Well, it’s not too late. Why don’t we join hands and buy Japan now?”

“Yeah. Hahaha.”

Buy Japan.

It was exactly what I was looking for, having already organized the Buy Japan TF team.

My bold steps began the next day in front of the Minister of Education, Culture, Sports, Science and Technology.

(3)

“Are there any other places that are interested in magnets?”

“That… I can’t tell you… … .”

“Really? You mean you know? You’re not even part of Magnetic’s management team, right?”

“… … .”

“No, if there are multiple magnetic acquisition companies, the competition among them will become fiercer, right? This kind of obscurity won’t be of much help to either the selling company or the acquisition company.”

The Minister of Education, Culture, Sports, Science and Technology introduced himself as Aoi Sato.

I don’t know why I’m rolling my eyes like this.

And why is Chairman Hyun Ki-hyuk sitting next to me holding back laughter…?