The 3th Generation of the Chaebol Wants to Live Quietly - Chapter 1089



Only Noblemtl

Director Choi Min-hyeok ended up shaking his body and shaking his hand away.

“Oh, yes. But I didn’t expect GM to come to me like this.”

“No. I always wanted to see Director Choi Min-hyeok.”

He was perplexed.

Because GM suddenly appeared, it was difficult to decide how to use them.

“Oh, aren’t you tired because of the time difference?”

“No, it’s okay.”

Director Choi Min-hyeok spoke while pretending to be considerate of the other person.

“You can’t rush things that much. Let’s get some rest and then talk again.”

“Yes? We can talk now.”

“No, that won’t work.”

Director Choi Min-hyeok forcibly chased away the person who refused to do so.

Team leader Jo Seong-don was shocked.

“Why are you suddenly doing that?”

“…things have changed.”

“Yes? What are you talking about?”

“GM wasn’t part of my plan. That would be a different story.”

To be exact, seeing President Alan Parriton’s face brought back several memories from my past life.

From Director Choi Min-hyeok’s perspective, it was a shocking revelation. He had originally only been thinking about HY Automobile, or more precisely, the HY Group.

“But look at what the O-Sung Group is doing right now with the acquisition of the Collins division. The HY Group may not listen to me. There is LC Electronics as a rival to the O-Sung Group. But the HY Group does not have that target.”

“… Did you consider GM as a means to pressure the HY Group?”

Director Choi Min-hyeok nodded obediently.

“Things have gotten a little bigger, but it’s neat. I really don’t want to do this, but I can’t help it. Who knows? The HY Group might join hands with the Oseong Group to try to hit me in the back of the head.”

This wasn’t just a concern.

Director Choi Min-hyeok actually had a similar experience in his past life.

When Vice Chairman Choi Moon-kyung saw that the venture created by Director Choi Min-hyeok was successful, he incited and tore O Sung Electronics and HY Electronics apart.

In fact, the two companies did not know the exact details of the incident. Vice Chairman Choi Moon-kyung cleverly leaked information to create the situation.

The two companies had different positions. After they learned the truth, they made a sweet offer to Director Choi Min-hyeok.

Director Choi Min-hyeok, of course, resolutely rejected their proposal.

‘Actually, that suggestion wasn’t so bad… … .’

Hatred for Vice Chairman Choi Moon-kyung rose again.

The reason he himself went out of his way to make things complicated was because of that experience.

“Please report some information related to GM.”

“…All right.”

“Oh, the planning team is in the middle of a workshop right now, right? You can just roughly organize it and upload it.”

“… Yes. Oh, and I got a call from Executive Director Park Yong-hyeok saying he’d be visiting… … .”

“Post that too. It would be better to adjust the timing based on the GM’s situation.”

“I will do that.”

Team Leader Jo Seong-don let out a sigh. Even though Director Choi Min-hyeok spoke nicely, it didn’t seem that way. In the end, he had to do this work alone.

‘Oh, Manager Park is here too.’

* * *

Team leader Jo Seong-don and deputy manager Park Sang-gi stayed up all night to monitor the GM situation.

But GM’s situation was worse than expected.

Although the current sales volume is a problem, the steep decline in sales is a more serious problem.

This problem occurred as the US GDP growth rate declined.

However, it was not easy to conquer overseas markets.

This was the reason why GM insisted on buying shares in Korean automobile companies.

The US government was also involved in this. They too were concerned about the stagnation of US GDP and began to consider alternatives.

Director Choi Min-hyeok looked at this report and recalled memories from his past life.

This is none other than GM’s future.

The future seemed bright for GM, the automaker that represents America.

But the reality was not like that.

‘Because according to this report, profits will plummet starting next year.’

The following year was more problematic.

Because net income fell to a mere $400 million.

What would happen if things were like this is a massive strike by the GM union.

‘The strike itself is not limited to the United States, but is spreading throughout Canada and Mexico. I guess they are considering Korean car companies as an alternative.’

Moreover, the situation was very different from Director Choi Min-hyeok’s previous life.

Net income for the second quarter of next year is expected to plummet to $1.5 billion.

However, CEO Choi Min-hyeok himself ate up a whopping $25 billion by selling his 12% stake in Apple.

It was natural for GM to keep an eye on Director Choi Min-hyeok.

No, until the entrance exam, GM looked to Director Choi Min-hyeok as his role model.

But things changed with the advent of autonomous driving technology.

If autonomous driving technology can be applied to the field, it can maximize the company’s profits.

Moreover, if we join hands with Director Choi Min-hyeok, we may be able to enter the future automobile market.

Director Choi Min-hyeok sighed when he learned the inside story of GM. He had no desire to know anything about GM’s future.

However, President Alan Parriton, who returned after a few days of rest, had a completely different position from Director Choi Min-hyeok.

“We at GM have always wanted to work with Director Minhyuk Choi. We have no connection to the automobile industry, so we have considered other alternatives if necessary. If something unpleasant happens, we are always on Director Minhyuk Choi’s side. So that things like the U.S. House of Representatives do not happen.”

It was a touching story for Choi Min-hyuk.

By leveraging the GM union, they could also put pressure on the U.S. House of Representatives.

At the very least, it would provide a means of checking the U.S. House of Representatives and Senate.

Director Choi Min-hyeok realized that the other party was referring to the blacklist, but he did not mention it.

“Thank you for your kind words.”

“No. Our GM is always on Director Choi Min-hyeok’s side. If necessary, we are willing to yield to Director Choi Min-hyeok in all areas.”

But this wasn’t just talk.

President Alan Parriton made a passing reference to Dr. Lee Ji-soo.

“I met Dr. Lee Ji-soo when she was going through a difficult time, but I knew her abilities well. Otherwise, I wouldn’t have supported her. However, I was deeply impressed when I saw Director Choi Min-hyeok helping Dr. Lee Ji-soo in need.”

‘What’s the impression? I should be thankful that you didn’t slap me.’

Director Choi Min-hyeok found this point puzzling, but when he thought back on GM’s situation, he could understand it.

To be honest, Director Choi Min-hyeok also received a report on the part where GM and Dr. Lee Ji-soo were entangled. There was no part that could be legally problematic.

If GM sues, this could become a political issue.

But GM showed no such intention.

Rather than the benefits to be gained by suing Director Choi Min-hyeok, he was more interested in the benefits to be gained by compromising.

To be exact, Director Choi Min-hyeok was a burden.

President Alan Parriton parroted the benefits, exaggerating them a bit.

“The meeting between Director Choi Min-hyeok and Dr. Lee Ji-su is nothing short of a fantasy. Their heroic appearances are like watching a historical novel.”

“… … .”

Choi Min-hyeok also avoided eye contact because he felt uncomfortable with the person who was giving him gold in front of him.

But President Alan Parriton was a talkative man. He had yet to lose his engineer air.

However, it wasn’t such a negative appearance.

Because I was one of the people who wanted Dr. Lee Ji-soo at the time.

In a way, it was Dr. Lee Ji-soo who betrayed his sponsorship.

The person who intercepted that Lee Ji-soo was none other than Director Choi Min-hyeok.

But he never once pointed that out.

From Director Choi Min-hyeok’s perspective, it was a shocking experience.

‘It would have been nice if LC Group, Oseong Group, and HY Group had half of these behaviors.’

Frankly, he was swayed by the sweet temptation to join hands with GM.

But he soon came to his senses. If he joined hands with GM and shook up HY Automobile, he would be treated no less than the Eulsa Five Traitors.

‘Oh, that’s not it.’

President Alan Parriton sighed.

“Looking back now, I don’t think I was sure that Dr. Lee Ji-soo would succeed. If I had been, I would have supported him until the end.”

But that doesn’t necessarily mean it will succeed.

Among those who are currently supporting Dr. Lee Ji-soo are Director Choi Min-hyeok, Vice Director Jo Chang-ho, and engineers affiliated with Director Choi Min-hyeok, and they are also backed up with a huge amount of money.

President Alan Parriton realized that too late.

Director Choi Min-hyeok would have kicked the other person out right away if he had shown an overbearing attitude, but he couldn’t do that in the current situation.

“Is it because of the autonomous driving technology? Are you concerned about negotiations with HY Automobile?”

“… Honestly. Yes, that’s right. We can’t say that we have no stake in autonomous driving technology.”

“Do you really think so?”

“…yes.”

“Ha, I feel sick.”

“I’m sorry, I didn’t mean it that way.”

But Director Choi Min-hyeok already dismissed it with a look of displeasure on his face.

“Let’s end our meeting here today.”

He kicked out President Alan Parriton without even hearing the main point of the meeting.

Team leader Jo Seong-don was also greatly embarrassed.

“Excuse me, sir, I am here on behalf of GM, and this is how it is… … .”

“Don’t worry. I just trained you once.”

“yes?”

Director Choi Min-hyeok chuckled.

“The longer the deal with GM, the better for us. It will change the reaction of HY cars right away. If the story reaches their ears now, it will be quite interesting.”

To be exact, it was a story about leaking information to Team Leader Jo Seong-don.

“… But is it really okay?”

Director Choi Min-hyeok spoke coldly this time.

“There are times when people don’t really believe what they hear from others. It’s hard to know something you haven’t experienced yourself. This is an opportunity to experience it. I think the other side won’t file a lawsuit to scapegoat Dr. Lee Ji-soo.”

“…yes.”

Team leader Jo Seong-don only then stuck out his tongue. The autonomous driving technology of Ani could easily become a subject of lawsuits. However, if he experienced the temperamental personality of Director Choi Min-hyeok, he would hesitate even more.

“It’s important for people around you to know about this. If you use GM, it’s a good excuse to do something like that. Even if you don’t know, all the big Korean companies will be surprised.”

“…All right.”

* * *

Director Choi Min-hyeok’s guess was not wrong.

After Team Leader Jo Seong-don spread information related to GM negotiations to those around him, many stories began to circulate.

Although Director Choi Min-hyeok felt burdened and couldn’t ask him directly, the planning team was different.

In the case of Manager Bae Jong-dae, he had to receive tiresome phone calls from high school and college classmates who had gone on to work at large corporations.

[Oh, this is driving me crazy!!]

That wasn’t all.

The entire planning team was similar.

In particular, new employees became restless when they received a related phone call from their supervisor.

In the end, the workshop was aborted.

Manager Bae Jong-dae eventually took up the gun and decided to stop the workshop.

The planning team returned to the company.

After returning, they realized that the situation at HY Automobile and GM was dire.

Now, Korean media has also started to continuously report related news.

[Will GM join hands with Director Choi Min-hyeok and return to Korea?]

[GM joins hands with CEO Minhyuk Choi to make astronomical investments.]

The news of GM’s investment gave strength to many.

This is because there was already a lot of talk about the foreign exchange reserves issue.

However, the Ministry of Strategy and Finance was unable to contact Director Choi Min-hyeok in any way.

This was because they also got information through other lines.

There was so much information that I couldn’t make sense of it.

Because if you rush in without thinking, you might end up making Director Choi Min-hyeok angry.

Manager Bae Jong-dae realized the situation belatedly and stuck out his tongue.

“… Considering that I’ve never touched the automobile business, things are so complicated.”

Vice President Park Sang-ki grumbled with a face worn down by fatigue.

“Because there is a lot to be gained by using GM.”

“Are you talking about HY car restraint?”

“That’s right. GM is a company that is no exaggeration in saying that it dominates the U.S. advertising market. Its influence is considerable. If you can control a company like this, it’s easy to put pressure on HY Automobile. To be exact, it’s all Korean automobile companies.”

Chief Bae Jong-dae opened his mouth slightly.

“It’s very different from what he said when he said he wouldn’t touch the automobile industry.”

“Director Choi is always like that.”

Deputy Director Jeong Seong-geun opened his mouth for the first time in a long while.