The 3th Generation of the Chaebol Wants to Live Quietly - Chapter 1090
Only Noblemtl
“Director Choi probably didn’t know things would turn out like this. It just happened naturally as he was doing his best on Annie’s AI. There was no need to cover up such achievements.”
“Hey, who said what?!”
“No, that’s what I mean. This could be a really good opportunity for our company.”
Vice Minister Park Sang-ki also readily agreed.
“Manager Jeong is right. Up until now, it has influenced the electronics sector. But now, it can expand its scope to the automotive sector.”
“Do you think this will really work?”
“Of course. Furthermore, this autonomous driving technology is not something that can be completed in a day or two. It will take at least 10 years, at the very least 20 years.”
In fact, the presentation materials that decorated one wall of the conference room were a very good roadmap for current and future autonomous driving technology.
That is, during that time, GM had to do everything that Director Choi Min-hyeok told him to do.
HY cars go without saying.
Team leader Jo Seong-don sighed and passed the additional information he had obtained to his team members.
“… This is data sent down from the headquarters planning and coordination office. It’s data that Director Jang created separately to assist with this work, so take a look.”
“Huh? Is it true?”
“Since it was ordered directly by the Chairman, consider it important.”
Chief Bae Jong-dae stuck out his tongue.
“Did Chairman Choi really personally order this?”
“Chairman Choi has always been taken advantage of by Director Choi Min-hyeok, but this time he seems to have decided to help. Since it’s a GM affair, it’s beneficial to the KM Group. KM Construction is the immediate beneficiary.”
“but.”
They looked over the report, their mouths watering.
Several bold business plans were by no means small in scale.
They ended up swallowing dry saliva.
‘… Director Choi Min-hyeok is truly a mysterious person.’
* * *
Thanks to the planning department’s quick moves, many plans were made to get a deal on GM and others.
It was something that even Director Choi Min-hyeok could not have thought of.
But he had to manage his expression as he met with President Alan Parriton.
So that his crazy personality can be clearly revealed.
Fortunately, these efforts were not in vain.
President Alan Parriton was more afraid of what Director Choi Min-hyeok might do when he got angry.
He too sighed at the change that had occurred in just a few days. He contacted Director Choi Min-hyeok dozens of times and barely managed to meet him again.
He did not comment on the problems within GM.
GM’s sales were on a steady decline, falling behind those of Korea and Japan.
But there was nothing about a new next-generation food.
GM labor and management were also concerned about this.
But GM executives’ thinking remained unchanged.
The GM board of directors also worried about GM’s future, even though they were fighting over internal political logic.
What suddenly appeared in such a car was the autonomous driving technology of Annie.
Chief Minhyuk Choi was brought up on the issue of President Alan Parriton twisting his evaluation last time.
“You must have received a sample of the minicar from them and tested it. You must have guessed what the technology inside is, but are you really confident?!”
“… … .”
President Alan Parriton sweated coldly as he watched Director Choi Min-hyeok’s expression. In fact, this was the reason why the GM board of directors belatedly considered a lawsuit and then gave up. It was ridiculous to invest only 2 million dollars and demand a stake in Annie’s autonomous driving technology.
Moreover, Dr. Lee Ji-soo’s performance before meeting Director Choi Min-hyeok was not very good.
Dr. Lee Ji-soo’s achievements blossomed after receiving support from Director Choi Min-hyeok.
He belatedly blamed himself. If he had done his best at the time, he could have confidently demanded a share of Annie’s autonomous driving technology.
‘No, I think we made a contract.’
Of course, we have a contract now.
But the contract did not properly reflect the interests.
Because Dr. Lee Ji-soo had already been treated by Dr. Taylor, she did not tolerate it.
However, Director Choi Min-hyeok’s position was different. Instead, he smiled brightly. Of course, unlike his expression, he signaled to Team Leader Jo Seong-don with his hand to inform Managing Director Park Yong-hyeok of the current situation.
“Good. If that’s the case, then we can talk to GM. But there’s no such thing as a free lunch. If you want to secure a share of Annie’s autonomous driving technology, you have to pay a certain price.”
“… Okay. Then, what size of investment are you thinking of… .”
“Before we get into the details, the sale of the Collins division is being negotiated for around $6 billion. How much would the autonomous driving technology be worth?”
“…yes.”
President Alan Parriton avoided Director Choi Min-hyeok’s eyes with a stern expression. He had no idea how to negotiate.
‘shit.’
* * *
President Alan Parriton often felt the urge to kill while negotiating with Director Minhyuk Choi, who was cleverly refraining from talking about the size of the investment.
He just kept talking about the money the Oseong Group had to pay for the Collins division.
But this wasn’t just Director Choi Min-hyeok’s fault.
During the negotiations, GM headquarters in the US continued to send us the results of their analysis of the minicar.
The data was quite shocking.
Of course, it wasn’t clear because the minicar wasn’t field tested with an actual vehicle.
But even taking this into account, the results were surprising.
It was the stability of the vehicle.
The mini car’s internal chip contained various functions to prevent vehicle accidents.
But this feature itself was amazing.
It was a technology that had not been developed anywhere else.
President Alan Parriton has spoken verbally about forming a merger company in connection with the investment in Annie’s autonomous driving technology.
It is a joint investment between Belin Investments and GM.
However, there were many differences of opinion on the details.
Director Choi Min-hyeok was thinking of accepting HY Automobile’s investment immediately.
[Just in case, do you think GM will monopolize the autonomous animation technology? That would be difficult in reality. Regulations are different in each country.]
We had to lobby the U.S. government and Congress immediately.
This period alone will take several years, no, maybe even more than ten years.
The situation in Korea was not much different.
Looking at the global market as a whole, there were more than a few things that were hanging over it.
Because laws related to autonomous driving technology need to be revised.
That wasn’t something GM could do alone.
President Alan Parriton was not happy about this.
However, he ended up getting a bad impression because of a person he encountered on his way out of KM Electronics headquarters.
Director Kim Tae-seong recognized Executive Director Park Yong-hyeok.
“I never thought I would meet Director Park here.”
The two had previously encountered each other at a car gathering.
Executive Director Park Yong-hyeok also could not have been unaware of Director Kim Tae-seong.
“… That’s right. I don’t know why GM Korea visited KM Electronics.”
President Alan Parriton exploded after hearing Director Kim Tae-seong’s interpretation.
“We at GM have been investing in autonomous driving technology for the past 10 years.”
Executive Director Park Yong-hyeok immediately refuted the claim.
“Are you saying that you invested only 2 million dollars? Furthermore, I understand that there were no significant results from the investment process. The current owner of the autonomous driving technology is Director Choi Min-hyeok.”
“… How did you do that?”
Executive Director Park Yong-hyeok chuckled.
“If I think about it for a bit, I think I know who the source of the information is… … .”
President Alan Parriton was startled. He thought it was strange that he had met Executive Director Park Yong-hyeok here by chance. It was hard to say that it was just bad luck.
‘Could it be Director Choi Min-hyeok?’
There was more than enough to go around.
Because after this incident, we conducted an investigation into Director Choi Min-hyeok.
Director Choi Min-hyeok, who was revealed in the process, was a truly evil person.
The hot topic right now is the sale of the Collins division for $6 billion.
In fact, this deal seemed ridiculous to most people.
However, the Oh Sung Group did not say a single word to Director Choi Min-hyeok, let alone reprimand him, saying, “You’re crazy!”
It’s because of HY Automobile, or more precisely, HY Group.
The price of the deal is none other than Annie’s autonomous driving technology.
Executive Director Park Yong-hyeok clicked his tongue when he saw that his words were surprisingly easily accepted by the other party. This was because he also knew very well that Director Choi Min-hyeok had earned $250 by selling Apple shares.
There was talk that the US SEC and FBI were reinvestigating Director Choi Min-hyeok.
If you think about it, what’s happening now is also because of Director Choi Min-hyeok.
“… This is not the place to talk about this, but I would like you two to meet quietly and talk.”
President Alan Parriton naturally wanted to refuse, but Director Choi Min-hyeok said that even if a joint venture was formed, HY Automobile would be included.
‘It can’t be helped. Unlike other technologies, if we hand over autonomous driving technology to our American company… … .’
If he did something like that, it would have been difficult for Director Choi Min-hyeok to settle down in Korea.
“… Phew, I understand. But other companies are difficult.”
“That’s what I wanted to say.”
* * *
Executive Director Park Yong-hyeok already thought it was too coincidental to meet President Alan Parriton. He was sure that this was Director Choi Min-hyeok’s scheme.
Even when he met Director Choi Min-hyeok, he had a hard time having a proper conversation.
This was something that had to be done at the HY Group level.
However, Director Choi Min-hyeok did not oppose the establishment of a joint corporation.
In fact, the reason Director Choi Min-hyeok did this was because selling the Oseong Group’s automobiles was not an easy task. And it was at a price of 6 billion dollars.
Chairman Ahn Geon-min never even imagined such a thing in his dreams.
Executive Director Ahn Jae-woon did not think that Chairman Ahn Geon-min would ever give up the automobile business. However, he could not ignore Director Choi Min-hyeok’s suggestion, so he reported it to Chairman Ahn Geon-min.
“… … .”
However, Chairman Ahn Geon-min was somewhat taken aback but remained silent.
It was an unusual appearance for Chairman Ahn Geon-min.
“…sorry.”
“… … .”
However, Chairman Ahn Geon-min did not reprimand Executive Director Ahn Jae-woon, unlike usual.
There was just silence.
In fact, he didn’t quite understand Director Choi Min-hyeok’s proposal.
I couldn’t understand why they were trying to mediate this issue by even putting forth an MOU on next-generation automobile technology such as autonomous driving.
No, to be exact, I found out Director Choi Min-hyeok’s sincerity because of the autonomous driving technology.
I was embarrassed.
Planning Director Kwon Tae-seong, who was sitting next to him, only looked at Chairman Ahn Geon-min’s expression.
Because I think Chairman Ahn Geon-min will be angry.
If I said just one wrong word, it felt like Chairman Ahn Geon-min would cut me off.
But that didn’t happen.
Chairman Ahn Geon-min seriously pointed out Director Choi Min-hyeok’s request.
“Director Choi Min-hyeok said he would give advice that corresponds to the value of the Collins division. Haven’t you heard what kind of advice he gave?”
“Yes. We didn’t talk about anything special.”
Chairman Ahn Geon-min thought deeply. He never took Director Choi Min-hyeok lightly. Director Choi Min-hyeok was no longer just a rookie like a third generation chaebol.
He was a man of fortune who earned a whopping $25 billion by selling only 12% of Apple’s shares.
It was not strange that even Wall Street was keeping an eye on Director Choi Min-hyeok these days.
This is because Director Choi Min-hyeok’s investment technique is different from that of other investors.
‘Because I directly increased the corporate value.’
Moreover, the means were original and core technologies.
In particular, the Any system was a technology that was a generation ahead of its time.
The information reported by the experts from Oseong Materials was shocking in itself.
But that wasn’t all.
We have also identified technologies that have previously been problematic.
“Is it by any chance related to next-generation mobile communications technology?”
“I’m not sure about that.”
“Are you saying you can’t give any hints?”
“Yes. But I promised you that you would never suffer any loss.”
“hmm.”
Chairman Ahn Geon-min was more curious about the advice that Director Choi Min-hyeok was going to give than the acquisition of the Collins division. No, he was more than curious.