Omniscient Investment Point - Chapter 247



Only Noblemtl

247. Not an Easy Fight – 2

(1)

As if it was so unexpected, Oh Hye-won asked me with rabbit eyes.

“yes?”

“It’s an eco trend. We want to acquire it, so we’re asking if you’re willing to sell it.”

“······.”

Even though I said it once more, the answer didn’t come right away.

So I started listing all the reasons why I was taking over.

“I have always thought that JTS Partners needed a YouTube channel. I actually planned and prepared for it. The reason I put it on hold for a while was because I thought it would be better to take over the existing YouTube channel.”

What I said was true.

It was mainly suggested by the younger generation, such as Gong Jun-pyo and Noh Hye-ri.

Then, Kwak Hyun-woo suggested that we take over the existing YouTube channel, and we concluded that that would be a better option.

“If it’s your name, you should be able to gather subscribers quickly, right?”

“Do we really need to start from scratch? It might have been different in the past, but JTS has the money. I would rather acquire the best YouTube channel and then go further and wider.”

“What if it were wider and farther away?”

“Of course it’s global. I know there are economic YouTube channels in the US and Japan. We need to boldly merge and acquire such places to grow in size and expand our influence.”

“and······.”

Oh Hye-won opens her mouth when she sees me with greater ambition than she expected.

I smile and throw another suggestion at her.

“Of course, this is a goal I will achieve together with Representative Oh.”

“With me? What is that······.”

“If you take over Eco Trend, there is only one thing I want to change. Just put JTS in front of Eco Trend. Other than that, I think you can run it the way you have been doing.”

“uh?”

This time, as if it was unexpected, he looked at me with a look of surprise and a short, almost screaming sound.

In fact, my approach to acquisitions and mergers has always been the same.

If you acquire a good company, continue to use the CEO who ran it well.

No matter what anyone says, the eco trend was key to Oh Hye-won, and she nurtured it well.

“In addition, we will create a contract that allows for the exchange of our shares and Mr. Oh’s shares at any time by attaching call and put options.”

“Does that mean… that Eco Trend can become independent again?”

“Yes.”

“and······.”

She just keeps exclaiming in admiration.

But in the end, it ended with a cool nod.

“I would be a fool not to accept these great terms, right? Okay, I will.”

“thank you.”

“I’m the one who should be grateful. Oh, but I’ll at least pretend to think about it a little until we sign the contract.”

Since it was a tentative conclusion, I asked for some time.

I nodded.

“Yes, that’s right.”

It seemed like they were probably thinking of asking for opinions from people who have been growing the eco trend together and running countless simulations to see if it was really worth selling.

In any case, the conclusion is that we have no choice but to join hands with our company.

‘We are aiming for global expansion······.’

There was no way I wouldn’t accept the offer.

As expected, a few days later, Hye-won Oh received a reply.

– I will become a member of the JTS Partners family. Please accept me.

I smiled broadly as I listened to her voice expressing herself in a humorous way.

(2)

At the same time as negotiations with Oh Hye-won, the acquisition of Eco Trend was leaked to the press.

But the reaction is mysterious.

『JTS Partners, Why is it necessary to acquire Eco Trend?』

『Will there be synergy between a new financial investment company and a YouTube channel?』

『Eco Trend Acquisition with More Losses than Pros, What is the Longevity Aimed for?』

I could feel that the title was not favorable.

‘They finally turned on the DEFCON switch.’

Legacy media doesn’t like social media or video platforms.

Although they also have their own YouTube channels, they believe that the main culprit for the decline in viewership ratings is the proliferation of personal media outlets.

I was already wary of new media, and since I took over and it seemed like it would grow even faster, I couldn’t expect a good response.

Moreover, these days, I am also very concerned about them.

To be exact, I knew very well that the existing conglomerates were very wary of me.

I heard this from the tycoon brother of the Royal Group.

“long time no see.”

Royal’s chairman, Choi Young-min, suddenly called me······.

“You know what? These days, people talk about younger siblings everywhere.”

The eyes sparkle.

I chuckled.

“What exactly did you say?”

“You were noticing it?”

“Of course. I’m not stupid······.”

“hmm······.”

In an unusual way, Choi Young-min was choosing what to say to me.

That’s proof that I’m seriously on the lips of the conglomerates.

“I’m not saying that there are no problems with the conglomerates. But we have to acknowledge their merits and demerits at the same time.”

“Does it look like I’m not doing anything?”

“At least in some places, it looks that way. It seems like Hyun Ki-hyuk and his brother keep touching the reverse scale.”

I chuckled again.

“If you are talking about Yeoksin, are you talking about succession through illegal means?”

“hmm······.”

“Well, that’s fine. But there’s something you need to know, hyung. The great flow can never be stopped, and the limits of our country’s conglomerate structure are becoming increasingly apparent.”

It is said that the moment an illiterate person learns to read, he or she first discovers absurdity.

If we apply this directly to the economic entities of our country, small shareholders will no longer be able to side with the conglomerates.

“If we were to express this structural change more radically, we might be able to slow down the revolution. But at some point, the conglomerates themselves will have no choice but to step down.”

“······.”

As if to prove that what I said was not wrong, Choi Young-min became speechless.

And after a moment of silence, he sighs and says:

“Yes, I know. That day will come someday. But like my brother said, I want to delay that time.”

“There is no meaning beyond enduring.”

“I wonder?”

“Yes, of course.”

In fact, I was not unconditionally against the corporate structure dominated by conglomerates.

I thought that if I had the ability, I could do it.

For example, in the case of the Daehyun Group alone, the third-generation successor to the conglomerate was demonstrating competence.

The cars produced there were gradually gaining recognition globally, and preparations for electric and hydrogen cars for the future were also being made steadily.

“Well, Royal isn’t that bad. No, it seems like my brother is running it really well.”

This time, a sly smile appeared on Choi Young-min’s face.

“Me too···, I feel strangely happy with my younger brother’s flattery that tells me to feel better.”

“Well, I’m not the type to flatter people.”

“I know. That’s why I feel contradictory and good.”

Choi Young-min turns his head and hides his expression.

But I saw it.

The traces of worry on his face······.

‘I’ll think about the promise.’

Choi Young-min made a promise to his sister-in-law at the shareholders’ meeting.

If he steps down from the chairmanship, he will hand the position over to his eldest nephew.

‘I really didn’t like that.’

The chaebol is not a king, so why should only his bloodline become the head of the group?

A market economy must always prove its capabilities through competition.

‘Therefore, if your nephew proves his ability… no one will have any reason to oppose him.’

(3)

I wasn’t the only one who felt that there were battle lines forming here and there among the many conglomerates.

Hyun Ki-hyuk also seemed to feel it.

No, didn’t you already expect that?

The next day, he brought up the story when he called me.

“Warnings are coming from all over the place to not do anything reckless.”

“Yes, I received it too.”

“You’re kidding. We’re not against the chaebol system.”

“Yes. It just means that we should give shareholders the right to decide fairly, whether they are for or against it.”

Hyun Ki-hyuk nods, agreeing with my interpretation.

“I also acknowledge the merits and demerits of the conglomerates. But times have changed. If we continue to apply the old logic now, we will be eliminated from the global market.”

“Knowing it and putting it into practice are two different things. Perhaps the conglomerates know it best. But there must be a reason why they can’t give up.”

“That’s right. They are human. They can’t refuse the desires that are right in front of them······.”

“That’s why I keep thinking that it won’t be an easy path.”

“Are you talking about revising the Commercial Act?”

“Yes, I don’t even know if it can pass the National Assembly right now.”

“I have to. Somehow. The extraordinary session of the National Assembly is opening next month, right? I’ll have to take a look then.”

“I don’t think the media will help······.”

“Ugh······.”

At my words, a groan came out of Hyun Ki-hyuk’s mouth.

After the curious conclusion of the Shareholders’ Rights Protection Committee meeting, the media, contrary to the initial atmosphere, barely covered the revision of the Commercial Act.

Of course, some media outlets still included the topic in their titles, but let’s not lie, more than 90% of them consistently created new issues.

“I feel sorry for the government. What on earth are they doing?”

I frowned at Hyun Ki-hyuk’s comment.

“Did Chief Song say anything?”

“How many times have I called you? Just wait a minute.”

“I thought it would be different from previous governments, but it’s still slow.”

“Oh, it’s a sweet potato.”

“I’m also worried that we might end up becoming a government that pretends to be good.”

“That’s right. You need to be a little more shameless. You’re not going to say things like, “I’ll never pressure you on freedom of the press,” right?”

“I don’t know······.”

Every now and then, a naive government would come into power.

Each administrative organization, especially those who claim to guarantee independence of public power.

Such a government also leaves the press untouched.

‘And then I got stabbed in the neck.’

The media is the most powerful group that shapes public opinion.

So if someone’s intentions started to creep in, the public could be gaslighted en masse.

The target audience will likely be older people who rely primarily on legacy media, but they are also active in opinion polls and voting.

So, public opinion is formed, a gaslighting group is born, and the title is decorated as if that public opinion is the trend······.

‘Revising the Commercial Act is a piece of cake.’

However, I can’t help but believe that the Song Jae-hwan I’ve seen is definitely not naive.

Sometimes he would speak frankly about his crooked views on the press······.

– Honestly, our country’s reporters only need to take classes on quotation marks and dictation. They write articles just like they are told by people who pay them.

Was that why?

Finally, it started to come out of Yongwadae.

『Government Discusses Revision of Commercial Act with Ruling and Opposition Party Leaders!』

One newspaper that was relatively favorable to the revision of the Commercial Act used the government’s declaration of war as its headline.