Son of a Conglomerate at the Highest Level - Son of a Conglomerate at the Highest Level chapter 95

＜ The time of the decisive battle ＞

‘good!’

I stopped sharing my vision with the grim reaper.

‘Our Mr. Cheol-gu has announced the results of the Wookwang Chemical interim investigation!’

Right now, the press is fueling suspicions that the Wookwang chemical fire accident was not a safety accident, but arson.

As the number of casualties in the Wookwang chemical fire accident is high, the public’s interest is gathering.

It was the sound that I was able to take a picture of my eyes in front of the people.

‘The sound of one court agent holding a press conference means that the entire court pushed Mr. Cheol-gu. It’s impossible without instructions from the superiors.’

If there is a person who can move the upper line with such power, it is definitely Secretary Kim!

Taesung is clearly keeping the promise he promised to support.

‘A name value is power, and career is a position of power. Mr. Cheolgu, I won’t go anywhere and make a living with that skill.’

Anyway, foreword!

Did you know Mr. Cheolgu very funny?

‘The extent of Woo-gwang’s sinking depends on how thoroughly he can dig up what Woo-gwang was trying to cover.’

From noble mtl dot com

No matter how big a ship is, if there is a hole in the bottom, it will inevitably sink.

If it’s a small hole, you can fix it somehow, but you can’t do anything about a big hole!

It would not be different from Woo-gwang, who was on the big ship of 9th place in the financial world.

‘How is Woo-gwang going to escape from here?’

The media began to saturate it.

The court is pushing, and the Blue House is watching.

However, high-ranking officials and politicians turn away.

It was a situation of dilemma at the slope.

‘It must be certain that the poop rope is burning.’

He must have been very busy holding the countermeasures meeting every day.

In conclusion, if the body is to survive, the tail will have no choice but to be cut off.

‘It would be difficult if the tail to be cut ends up in gasoline in Bulgwang-dong.’

That was the reason I enlisted Secretary Kim.

You have to drive Woo-gwang to the edge of the cliff using the power of Tae-seong.

‘Of course, Chairman Kim of Woogwang also received an anonymous letter.’

With Secretary Kim’s skill, it would be no task to deliver a letter without a trace.

‘I sent Secretary Choi’s business card enclosed with it. Dogfights between brothers are unavoidable.’

Right.

‘Hey, guardian deity.’

[Daily soap opera·······.]

‘Is that more fun than watching a fight?’

[That, that’s…!]

‘This side is a fight over how many Woo-gwang’s subsidiaries are eaten raw, and the other side is a fight over when to watch a recorded soap opera. Won’t you go anyway?’

The Grim Reaper’s pupils shook greatly as if an earthquake had occurred.

I gently waved the videotape.

‘As promised, I recorded your favorite daily soap opera like this.’

[Oh oh oh!]

‘But don’t even show the tape to those who don’t work. Is that normal? come and go practice!’

[practice!]

The grim reaper hurriedly ran out.

* * *

The grim reaper stood in front of a 20-meter-high iron gate and a 10-story basalt stone wall in Jeju, which is said to be the king of the end of money.

It was the front gate of Chairman Woo Kwang Kim’s residence located in Samcheong-dong, Jongno.

A two-story building on a site of about 1,200 pyeong with a total floor area of about 900 pyeong.

In front of the main gate, reporters, reporters, and cameramen from newspapers and broadcasting stations formed a long line.

Even in the cold midwinter with a sharp wind blowing, they shouted ‘scoop!’ and burned their will.

“Echwi! I’m going to catch people trying to get a scoop. Will you go back?”

“The coffee I brought in the thermos was also frozen. Ooh, it’s cold!”

“Go and buy some buns and warmed soy milk. Let’s eat some of that.”

“Anyway, why is it so quiet here? You don’t blink Doesn’t that make sense?”

In spite of the inclement weather, which is so cold that it makes you stomp your feet.

This was the reason why reporters couldn’t leave this place until late at night.

Reporters stuck out their tongues.

“The situation is growing this far, shouldn’t we have a meeting on countermeasures at the group level?”

“Your steps are very different from when the Wookwang Chemical fire accident broke out.”

“At that time, why did the great man who summoned all the executives of affiliates and apologized to the public chose to remain silent this time?”

This was the reason reporters tilted their heads and burned their will to scoop.

“Something smells.”

“Yes, it smells of conspiracy.”

“I have no idea how the hell they are trying to rectify this.”

“Then there is nothing you can do. I have no choice but to stay camped out like this and capture the decisive moment.”

In front of the main gate, reporters glistened in the dark like hyenas.

They have only one purpose!

– A front-page article in the newspaper! The scoop is mine!

But they didn’t know.

Dozens of luxury sedans lined up through the parking lot next door.

It was the car of the presidents of core affiliates of the Wookwang Group.

widely.

Wookwang Construction President Kim and Secretary Choi got out of the car.

Secretary Choi swallowed dry saliva.

“No one answered our calls. It looks like they are trying to find a way to make a living by losing money with us.”

“Bastards who don’t even deserve a bribe.”

“Boss, what are you planning to do? If it turns out that it was the boss who bought the gasoline in Bulgwang-dong…”

“Uh-huh, it sounds like a big deal! I’ve never seen or heard of him!”

President Kim of Wookwang Construction said it clearly.

“What about a three-page anonymous letter?”

A business card was missing from the anonymous letter sent to Secretary Choi.

Unlike the one sent to Chairman Kim.

“If you have proof, bring it. There could be no such thing.”

“Boss, then…”

“Why was I busy all day, while my older brother stayed inside the house and didn’t budge? I met with the presidents of affiliates and agreed.”

This was the reason for the tiredness on the face of Wookwang Construction President Kim.

“Do you think I only threw bribes into the mouths of those who took bribes? I fed a lot more on my own.”

How many years have you been aiming for the position of the general manager?

President Kim of Wookwang Construction has been focusing all his efforts on internal politics.

“Since you’ve come this far, you’re a good judge. It is faster for me to bring down my brother than for you to hunt down the traitor.”

Wookwang Construction President Kim took a stride.

“Anyway, it’s an opportunity that’s hard to come by again. Secretary Choi, keep your mind straight. okay?”

“Yes, boss.”

“Perhaps a lot will change after today. Brother’s era is over, and I, Kim Woo-seok’s era, will begin.”

Wookwang Construction President Kim smiled meanly and opened the door.

When the door connected to the back door of Chairman Kim’s mansion opened, the presidents of Woo-gwang’s affiliates who had arrived earlier looked back at them in unison.

Among Wookwang’s 41 subsidiaries, they were the presidents of 28 subsidiaries.

“Is Mr. Kim here?”

It has already been 30 years since they secretly embraced each other and supported and pulled each other.

They were comrades who were closer than brothers.

The fact that the presidents of such affiliates chose to wait for Kim, CEO of Wookwang Construction, instead of entering the mansion first, suggests a lot.

That’s why Wookwang Construction President Kim was able to smile with satisfaction.

“You waited a long time.”

It was a word with many meanings.

President Kim of Wookwang Construction has waited for this day for over 30 years.

“It is time for a showdown. Let’s go in.”

As the main character appears at the end.

President Kim of Wookwang Construction went in confidently with his shoulders and chest straight.

The presidents of 28 affiliates followed.

* * *

The study of Chairman Kim’s residence.

The CEOs of Wookwang’s affiliates sat on the sofa in two rows and hardened their expressions seriously.

Chairman Kim was standing in front of the window of the library through which the moonlight was cold, looking down at the garden with cold eyes.

The presidents of Woo-Kwang’s affiliates looked at each other and winked.

The silent glances were full of anxiety and tension that could not be hidden, as well as anxiety and worry.

Finally, Chairman Kim opened his mouth with his hands behind his back.

“President Seo, what is the current stock price of Wookwang?”

“About 30% fell all at once due to the Wookwang Chemical fire accident, and as articles estimating arson appeared, it fell further by as little as 15% to as much as 30%.”

It was said that the stock price was cut in half in a matter of days.

It meant sitting still and suffering astronomical losses.

“The whole group? Or a specific affiliate?”

“We reported the average of the entire group.”

Woo Kwang Securities CEO Seo swallowed dry saliva.

He was a man who calculated the profit of billions by bouncing abacus eggs in the negotiations to acquire Taesung Chemical.

“Among them, Wookwang Steel’s stock price has fallen the most.”

“How much?”

“The transaction was completed at about 40% of the previous price.”

“Is it that the stock price plummeted by nearly 60% in a few days?”

It was a terrible figure.

The presidents of Wookwang’s affiliates kept their mouths shut in an unbelievably bleak situation.

President Seo carefully followed up the report.

“Wookwang Iron & Steel invested a huge amount of capital from the beginning of the business, but it is still in the red. so······.”

“Which affiliate is the best?”

“This is Woogwang Construction. This is because the sales performance of Woogwang Apartment last year was very good. It only dropped about 20% in total.”

Chairman Kim pressed his temple.

“President Lee, how are the banks and the private bond market reacting?”

“The loan extension was declined. I received a reminder to repay the principal.”

This was more serious than the sound of falling stock prices.

If the loan is not repaid, Woo-gwang’s stock held as collateral in the bank and the bond market will be handed over.

“President, the note is also coming back. However, it will be difficult to repay it as it is.”

A promissory note is a credit contract between companies.

Transactions between companies often involve exchanging large amounts of money in a short period of time because the transaction amount is usually large.

Therefore, there were many cases of offsetting with short-term bills instead of paying cash for each transaction.

“In particular, the amount of bills to be paid to Taeseong is too large.”

In the case of Taesung and Woogwang, there were especially many cases of bill exchanges because they formed a close business relationship.

“In addition, when we acquired Taesung Chemical, no, Wookwang Chemical, we promised to pay 15 billion won in short-term bills…”

President Lee was the one who warned of the dangers of short-term bills worth 15 billion won over the acquisition of Taesung Chemical.

However, he was optimistic about Wookwang’s cash flow and agreed to the merger.

He was embarrassed, wiping his forehead with a handkerchief.

“Still, Woo-Kwang’s cash flow wasn’t good. However, the problem became serious as the labor union rose up over the compensation for the deaths and victims of Wookwang Chemical.”

The presidents of Woogwang’s other affiliates also deeply agreed.

Because the entire affiliates were suffering from labor union protests and sit-in strikes.

“Not only did stock prices fall due to the strike, but product production and sales also came to an all-stop. I can’t even sell the things piled up in the warehouse right now, so the money will come in…”

The president sighed deeply.

“How can I block a bill when I have no money? I don’t know about other bills, but Wookwang Chem’s bills can never be blocked. I can’t afford it.”

Chairman Kim closed his eyes.

The hand behind his back trembled.

“President Jang, is there any possibility of negotiating the reacquisition of Taesung and Wookwang Chemical?”

“If it is a re-acquisition negotiation, we must desperately ask for it. Please buy it for a good price.”

He was the one who insisted on desperately rejecting the re-acquisition negotiations, saying that the opportunity to eat Taesung Chemical with just a few bills was common.

Jang continued with a trembling voice.

“If we don’t overcome this crisis… Woogwang will not be able to avoid bankruptcy.”

A chilly silence fell.

Chairman Kim just stares at the window without saying a word.

The ticking sound of the grandfather clock pendulum moving left and right was unusually loud.

In that heavy silence, someone opened their mouth.

“Brother, it seems the time has come for you to make a decision.”

It was Kim, CEO of Wookwang Construction.

“Please step down as commander. Bow down to His Excellency and ask for mercy. Only then can our Woo-gwang live.”

＜ Time of Battle ＞ End