The 3th Generation of the Chaebol Wants to Live Quietly - Chapter 1092



Only Noblemtl

“It’s not easy to check every single advertisement from the Ohsung Group. But people are different. Furthermore, through this incident, we can block the momentum of the Ohsung Group executives who are attacking KM Electronics. By showing them that if they are caught by us, they can be fired.”

“…All right.”

Team Leader Jo Seong-don didn’t look very happy, but he couldn’t ignore Director Choi Min-hyeok’s words. The scouting war for key talent was already in full swing.

There are even those who betray KM Electronics and pass information on to the Oseong Group.

This incident could have been a warning to them.

‘No, it’s the same for other groups. After all, there are constant offers to scout Director Choi Byeong-yeon. There are other key engineers, too.’

The bigger problem lies ahead.

This is because in cases of joint investments such as GM, HY Automobile, and Belin Investment, internal traitors can be a problem.

So, it wasn’t a bad idea to dismiss Senior Vice President Kim Hyeon-woo from Oseong Electronics as a sign of good faith.

Because it shows Director Choi Min-hyeok’s real influence to the outside world.

* * *

Executive Director Ahn Jae-woon was not stupid either. He was shocked by Chairman Ahn Geon-min’s lack of response and the actions of Strategy Planning Office Director Choi Hak-jun.

Even though he was honestly talking about Director Choi Min-hyeok’s proposal, he doubted whether it would be possible.

But the result went as Director Choi Min-hyeok suggested.

He simply could not understand Chairman Ahn Geon-min’s reaction.

No, he could not accept it as he was the crown prince who would inherit the Oseong Group.

Giving up the car business!

“Oh, Dad, are you really thinking of selling the automobile business to HY Group and acquiring the Collins division from KM Electronics for $6 billion?!!”

“… … .”

Chairman Ahn Geon-min did not answer right away. He was frustrated with the study, so he eventually came out into the garden.

Unlike usual, Executive Director Ahn Jae-woon followed Chairman Ahn Geon-min. He could not understand Chairman Ahn Geon-min’s reaction.

He knows well the sacrifices that Chairman Ahn Geon-min made to start the automobile business.

“Do you really plan on following Director Choi Min-hyeok’s proposal?!”

“… Are my actions that strange?”

“Of course, isn’t that obvious? What kind of person is your father that he listens to Director Choi Min-hyeok?!”

“Why? Is it weird?”

“Wow, that’s ridiculous. I know better than anyone else the love and hate my father has for cars! Are you saying that he’s going to sell his car business just because of Director Choi Min-hyeok’s advice?!!!”

“Because the atmosphere is not good.”

“Are you talking about Director Choi Min-hyeok’s theory of national bankruptcy? That’s absolutely ridiculous!”

But Chairman Ahn Geon-min thought a little differently.

“You watched Director Choi Min-hyeok more closely than anyone else. You even followed him to the United States. But was there even a single useless part in Director Choi Min-hyeok’s actions?”

“That’s… … .”

Executive Director Ahn Jae-woon frowned and eventually sighed.

“None. But even so… … .”

“Director Choi Min-hyeok clearly said that it was worth it. He said it with his own words. He probably wasn’t wrong. Look at the next-generation mobile communications work that’s currently underway. They’re preparing something. It’s probably related to that.”

“…Do you think that’s important enough to warrant giving up the car business?”

“I think so. Besides, it’s not easy to focus on the Collins division. Director Choi Min-hyeok has already set the table, so eating is also part of the job.”

“That’s… … .”

Only then did Executive Director Ahn Jae-woon recall the value report on the Collins division. If the results reviewed by the strategic planning office were correct, the Oseong Group had to acquire the Collins division unconditionally.

And as soon as possible.

Chairman Ahn Geon-min also clicked his tongue.

“… Otherwise, Director Choi Min-hyeok’s actions make no sense. Director Choi Min-hyeok has a good will toward our Oseong Group. The business he has handed over to us so far is the same. If we don’t have a good image, there is no need to do things like that. Even the Collins division alone could be sold to the LC Group or the HY Group and still have some left.”

“… … .”

Executive Director Ahn Jae-woon was so shocked by Chairman Ahn Geon-min’s evaluation of Director Choi Min-hyeok that he was unable to say anything. He did not know that Chairman Ahn Geon-min would evaluate Director Choi Min-hyeok so highly.

Planning Director Kwon Tae-seong originally intended to remain silent, but he couldn’t bear it any longer.

“Mr. Chairman, we are also in the process of selling the automobile division. Are you really going to do this?”

“If that’s the case, then it can’t be helped.”

“… … !”

‘oh my god.’

The two were so shocked that they couldn’t say anything.

However, Chairman Ahn Geon-min pondered this issue for several months.

Especially the automobile business.

Contrary to his dreams, the automobile business’ deficit continued to grow.

The plunge in semiconductor prices was also a problem.

The Ministry of Strategy and Finance also continued to express concerns to Chairman Ahn Geon-min.

This was also related to the consideration of acquiring the Collins division.

If Director Choi Min-hyeok knows the domestic game well, he won’t do anything reckless.

‘The Collins division is the business that gives us wings. That’s the only thing that’s wrong.’

“… In fact, there may be a shortage of funds. The sale of shares will probably proceed as well. The stock price may go down in the process.”

“…Are you saying you will hand over the stocks at a low price?”

“Okay. You take care of that yourself.”

“…All right.”

Executive Director Ahn Jae-woon couldn’t believe this situation, but Chairman Ahn Geon-min had already made the decision. The strategic planning department was also getting moving.

‘Ha, it’s nice to get the shares for cheap, but… … .’

He found this hard to believe.

I wonder if Chairman Ahn Geon-min will ever pay attention to Director Choi Min-hyeok.

But that wasn’t all.

Planning Director Kwon Tae-seong cautiously opened his mouth after observing the situation.

“There is a senior manager named Kim Hyeon-woo who used to work at KM Electronics and then transferred to another company. Director Choi Min-hyeok wants to fire Senior Manager Kim Hyeon-woo.”

“…Is Senior Vice President Kim Hyeon-woo also a S-class talent like Director Choi Byeong-yeon?”

“That’s not it. In fact, he’s a friend who has a lot of problems. However, since I know Director Choi Min-hyeok well, I’m just watching him for now.”

Chairman Ahn Geon-min clicked his tongue when he realized that this was retaliation against the scout, Choi Byeong-yeon. He had already drawn the line.

“Then do as Director Choi Min-hyeok wants.”

“…All right.”

* * *

At first glance, it seems like the value of O-Sung Group will increase if it acquires KM Electronics’ Collins division. In fact, the value of O-Sung Group will increase.

However, this only ends at this level of information.

If the Oseong Group were selling shares for investment, it would be a different story.

In particular, major shareholders and institutional investors are well-prepared to obtain this information in advance.

From their perspective, there is absolutely no reason to buy Oseong Group stock.

It would have been more profitable to sell the stock.

Especially when you don’t know exactly how much stock the Oseong Group is selling, you have to guess.

The acquisition of the Collins division will cost at least $2 to $3 billion.

No, there was even a rumor through the flyer that the sale price was as high as 6 billion dollars.

So, the story was that Oseong Group would sell stocks of Oseong Group affiliates within this category.

In fact, affected by this incident, the stock prices of Oseong Group affiliates began to gradually decline.

All Osung Group affiliates, including Osung Trading and Osung Heavy Industries, fell together.

It is difficult to leave out Oseong Engineering and Oseong Precision Chemicals here.

In fact, most retail investors did not know the reason for the decline in the stock price of this five-star group.

[Why is Oseong Electronics’ stock price falling so much?]

[I guess something is up.]

[No, you said recently that the Oseong Group is acquiring the Collins division. Then, of course, the stock price should go up!]

[Collins business acquisition may have fallen through.]

[That’s ridiculous. No, if the Collins division were to go to LC Electronics or HY Electronics, wouldn’t that be a huge blow?]

[How would our ant know? There must be some secret reason it can’t say.]

As an ant that couldn’t get information, I had no choice but to keep complaining.

Fortunately, Director Choi Min-hyeok was relieved. He did not purchase Osung Group stocks because he was concerned about the IMF. However, he also received a report on this matter because it was related to Senior Vice President Kim Hyeon-woo.

“That’s great. But I really can’t understand why the stock price of Oseong Group is falling like this.”

Team Leader Jo Seong-don had already obtained prior information through Manager Bae Jong-dae.

“I think it’s probably because of the bad news that they’re going to sell stocks to pay for the acquisition of the Collins division.”

“Ah, selling stocks.”

“Yes. No matter how much the Oseong Group reorganizes its business, its finances will be tight. So it seems like they are trying to increase their cash reserves in preparation for the worst case scenario.”

“So you’re saying that the stock price is falling because of that expected volume?”

“After all, there is an expected number of stocks that will come onto the market.”

Director Choi Min-hyeok felt the limits of his own abilities once again. He realized that the future caused by the butterfly effect he had created was unpredictable.

He also believed that if there had been no other information, the stock price of the Oseong Group would have skyrocketed.

‘But that’s not the reality. Stocks are really difficult.’

Team Leader Jo Seong-don spoke carefully, watching Director Choi Min-hyeok’s expression.

“As Chief Bae Jong-dae said, stock prices are the domain of God alone. In that sense, Director Choi Min-hyeok’s investment is said to be impossible for anyone but God.”

“… I feel embarrassed.”

He changed the subject slightly.

“So why is Senior Vice President Kim Hyeon-woo’s story related to this topic?”

“It seems that Senior Vice President Kim Hyun-woo recently invested hundreds of billions of won in the Osung Group, either because he was inspired by Director Choi Min-hyeok’s past investments or because he believed in the information about Osung Group’s acquisition of Collins’ business unit.”

“You don’t have the money for that, do you? Oh, you mean by borrowing money from CEO Choi Du-jin?”

“He thought this investment was a sure thing.”

“Then the loss would be huge. In this situation, if I get cut off from Oseong Electronics… … .”

“Yes, it will be a big blow.”

“Interesting. Keep an eye on it. In fact, this is more important than the Apple investment.”

“…All right.”

Team Leader Jo Seong-don ended up sticking out his tongue at Director Choi Min-hyeok’s persistent tone.

‘Is it really necessary to do this to Senior Vice President Kim Hyeon-woo?’

Director Choi Min-hyeok realized one thing through this incident.

‘As expected, the saying ‘the root of the tree is cut off’ doesn’t just come out of nowhere. If this investment had been successful, they would have used the money to target me again!’

* * *

As Team Leader Jo Seong-don reported, Senior Vice President Kim Hyeon-woo borrowed money from his father, President Choi Du-jin, over several months to invest in the Oseong Group, but was faced with an unexpected disaster.

‘Fuck, a 20% drop.’

Chief Cheon Seon-gu also shed tears. He invested in a subsidiary of the Oseong Group based solely on the information obtained by Senior Vice President Kim Hyeon-woo, and ended up getting completely ruined.

Moreover, most of the funds were borrowed from banks.

He even borrowed money from private lenders.

“Oh, what on earth is going on? If only the Collins division is acquired, the stock prices of Osung Group affiliates will skyrocket due to the influence of Osung Electronics?”

“I don’t know either.”

“No, are you saying that now? Do you know how much I lost?!”

“…I didn’t tell you to buy stocks.”

“Isn’t the person who always brags to me that this is internal information of the Oseong Group the Senior Vice President?!!”

“Hey, Manager Chun, you’re about to leave. Do I look that funny?!!”

Chief Cheon Seon-gu felt a pang. He couldn’t ignore Senior Manager Kim Hyeon-woo, who was his distant relative. To be exact, he was talking about President Choi Du-jin, who was famous in the Myeongdong loan sharking industry.

President Choi Doo-jin was not just a loan shark. He became the major shareholder of KM Group with that money. Thanks to that, he became a billionaire.

“… Ah, no. But the loss… … .”

“Hey, if you don’t sell stocks, there’s no such thing as a loss. And will our Oseong Group go bankrupt? The value of our Oseong Group can only increase over time. So as time goes by, the stock price will recover!!”

“That’s true, but… … .”