The 3th Generation of the Chaebol Wants to Live Quietly - Chapter 1095



Only Noblemtl

Because there’s not much you can do in Korea without dealing with big companies.

Senior Vice President Kim Hyeon-woo thought that he could never solve this problem on his own.

He eventually went back to see CEO Choi Du-jin, overcoming his embarrassment.

Naturally, President Choi Du-jin did not welcome him.

Senior Vice President Kim Hyeon-woo knelt in the garden and pleaded for his life just once.

It wasn’t something that had to go this far.

Of course, it had an effect.

President Choi Du-jin is also getting older, so he needs to prepare for the unexpected.

I’m talking about inheritance.

No matter how much he hated Senior Vice President Kim Hyeon-woo, he was willing to hand over some of his assets.

Because lending money was also part of the inheritance.

After much thought, he went to Chairman Choi Yong-wook and asked him again.

“Just help me with this one more thing.”

“…What do you mean?”

“Honestly, unless you’re an idiot, there’s no way Min-hyuk wouldn’t know why that guy is after my shares.”

“… Are you talking about the KM Group management succession issue?”

“Yes. If Min-hyeok gets his hands on this share, it’s obvious what he’ll do next. Moon-kyung will pull him down from his vice-chairman position. Do you really think that’s what you want?”

“That’s… … .”

Chairman Choi Yong-wook also let out a sigh. He didn’t show it on the outside, but he had a lot of worries about this issue. It was such a sensitive issue that he didn’t tell President Choi Du-jin.

On the one hand, he hopes that this will happen without his knowledge.

For the sake of the KM Group, it would have been better for Vice Chairman Choi Moon-kyung to step down from his position.

President Choi Du-jin stated one fact calmly.

“The popularity of KM DVR is no joke these days. It is more famous in the US market than in the domestic market. Honestly, its growth rate is scary.”

“Minhyuk is that guy’s talent. Actually, I have a lot of worries because of that.”

Although Chairman Choi Yong-wook tried not to show it on the outside, he acknowledged the abilities of his grandson, Director Choi Min-hyeok.

No, on the other hand, he believed that if his grandson Choi Min-hyeok had not been in conflict with Vice Chairman Choi Moon-kyung, KM DVR would not have been established.

“Minhyuk probably didn’t want to give any benefit to the group considering his prickly personality. But Moonkyung raised KM DVR to keep that guy in check.”

“That’s right. In fact, the current situation is probably better for the group.”

The two people ended up sighing as they talked to each other.

The consequences of Director Choi Min-hyeok’s confrontation with Vice Chairman Choi Moon-kyung were by no means light.

“…Do you really want me to hand over my KM Group shares to Minhyuk?”

“… Think about it.”

Chairman Choi Yong-wook ended up frowning. He now knows his grandson Choi Min-hyeok’s disposition well. No, he didn’t just know, he now only watched his grandson Choi Min-hyeok’s expression.

These days, he is so scared of his grandson Choi Min-hyeok that he doesn’t even tell him to come and go.

‘… I can’t let things end like this.’

* * *

Chairman Choi Yong-wook thought long and hard and eventually came up with another trick.

To be exact, it was decided to give Vice President Choi Moon-kyung a chance.

He instructed the Planning and Coordination Office to review issues related to equity through Director Jang Seung-il.

At this point, Vice Chairman Choi Moon-kyung would be able to fully notice it.

Since things turned out that way, it was only natural that Vice President Choi Moon-kyung could not have been unaware of this information.

Vice President Choi Moon-kyung jumped as if he had been shot in the chest.

He was so excited that he ran to Chairman Choi Yong-wook’s residence, but returned to the office after being persuaded by Chief Secretary Kwon Jae-hong, and was out of breath.

Asking President Choi Doo-jin to hand over his stake is the same as asking him to hand over part of the management rights of the KM Group.

In that case, Vice Chairman Choi Moon-kyung had to step down from his position immediately. He simply could not tolerate this situation.

Secretary Kwon Jae-hong was about to stop her again, but was startled when he saw Vice Chairman Choi Moon-kyung’s bloodshot eyes.

He eventually backed down.

Vice Chairman Choi Moon-kyung immediately ran to the study in Chairman Choi Yong-wook’s residence.

“Father, can this really be happening?!”

“…What are you talking about?”

Chairman Choi Yong-wook was startled. He felt a chill on the one hand, as if Vice Chairman Choi Moon-kyung would stab him if she just held a knife in her hand.

“I know I didn’t do well. But I really tried hard. I immediately raised the domestic production rate of bonding wires and photomasks to 97% and 96%.”

It was quite a big achievement, as it achieved domestic production of approximately 30% compared to the existing product.

“The localization rate of silicon wafers has increased to 86%. That’s a whopping 36% increase. I’m not afraid of the Japanese anymore.”

This rate of localization was not simply due to the inclusion of a few technologies.

It also includes various materials including packaging materials for plastic packaging.

Most of these technologies were led by Japanese semiconductor companies.

KM Industries has not spared any investment in this new technology.

In fact, Vice Chairman Choi Moon-kyung took the lead in increasing the domestic production rate by working in the field in a way that belies his status as a vice chairman.

Ironically, this was all a result of me being caught doing tricks for an advertisement in the Han-Young Daily newspaper, and having no choice but to devote myself to this work.

But Vice President Choi Moon-kyung did not say that.

“I worked really hard. I did my best to grow the KM industry. Honestly, I think even Japanese kids can do it these days!”

That’s actually the case.

Although it may be an unbelievable achievement, the advancement of semiconductor technology in the KM industry has certainly been remarkable.

Chairman Choi Yong-wook could not have been unaware of that.

“…I know. That you’re having a hard time.”

“How can someone who knows that do this? Did Min-hyeok tell him to hand over President Choi Du-jin’s shares to that guy? Does that make sense?!!!”

Chairman Choi Yong-wook felt a surge of emotion at the moment, but he ended up clicking his tongue at the sight of Vice Chairman Choi Moon-kyung even shedding tears.

“… It’s not completely decided yet. And this incident is because of that bastard Hyunwoo… … .”

“Father, stop making such cowardly excuses. If you had no intention in the first place, would you have acted like this? Minhyuk tacitly gave that guy permission. Why doesn’t someone who always talks about fairness just point that out to Minhyuk?!!!”

“Oh my.”

Chairman Choi Yong-wook also ended up giving up in the face of the torrent of criticism from his eldest son, Vice Chairman Choi Moon-kyung.

“I’ll give you time, but I have no intention of getting involved in this. You figure it out yourself.”

“…All right.”

Only then did Vice President Choi Moon-kyung breathe a sigh of relief and stand up from his seat.

Chairman Choi Yong-wook reviewed the report left behind by Vice Chairman Choi Moon-kyung when he left. It was the latest result of KM Industry that Vice Chairman Choi Moon-kyung had done.

In particular, the domestic production rate, which was accumulated in a detailed manner, was a result that would make anyone stick out their tongue.

‘Good, really, if only I had done it like this, I would have become the group president a long time ago… … .’

It was such a pity for him.

Deep down, I also hoped that my grandson, Director Choi Min-hyeok, would be more wild than he is now.

* * *

Director Choi Min-hyeok wasn’t particularly surprised after receiving a report on President Choi Du-jin’s movements.

This is because he could not have been unaware that the moment he acquired CEO Choi Du-jin’s stake, there would be chaos in the management of KM Group.

He couldn’t possibly miss this opportunity.

“Things are taking a strange turn, but this is something that should never be taken lightly.”

However, Team Leader Jo Seong-don said this after observing the recent movements of Vice Chairman Choi Moon-kyung, Chairman Choi Yong-wook, and President Choi Du-jin, and then watching Director Choi Min-hyeok’s expression.

“However, the localization rate of KM semiconductors is unusual.”

“is it so?”

Director Choi Min-hyeok ended up laughing in vain as he looked at the KM industry status report presented by Team Leader Jo Seong-don.

This is something that never happened in a previous life.

“… It’s good that our Vice President Choi Moon-kyung is capable.”

“There is a lot of talk internally, but we should not ignore Vice Chairman Choi Moon-kyung’s management ability.”

Director Choi Min-hyeok was astonished at Team Leader Jo Seong-don’s praise for Vice Chairman Choi Moon-kyung, the person responsible for dismantling the KM Group after bringing in astronomical amounts of debt.

However, I couldn’t blame Team Leader Jo Seong-don’s words.

“Don’t you think this happened because of me?”

“Director Jang Seung-il said something like that. Although the KM Group is always in disarray because of the conflict between the two, the KM Group is making huge profits.”

“Are you praising that as my grandfather’s work?”

“…yes.”

Director Choi Min-hyeok frowned because of the headache that suddenly came up.

However, Team Leader Jo Seong-don casually told the story he had heard from Director Jang Seung-il.

“Director Jang was initially negative, but he said his thoughts have changed recently. This is because Vice Chairman Choi Moon-kyung has demonstrated her ability and has not caused any other problems.”

“Are you saying that things have gotten better because our family atmosphere has improved?”

“… There was also something like that.”

Director Choi Min-hyeok didn’t want to admit it, but it was true.

As CEO Choi Young-ran expanded her influence within the KM Group, she also created new affiliates. This was all due to Director Choi Min-hyeok’s efforts to keep Vice Chairman Choi Moon-kyung in check.

In the process, the KM Group was in a state of good harmony between the old and the new.

In fact, most securities firms highly evaluated the potential of KM Group and set the stock price generally 30% higher.

Director Choi Min-hyeok gritted his teeth.

“Please don’t say that anymore. I don’t want to get angry at Team Leader Jo Seong-don.”

“…sorry.”

“Vice President Choi Moon-kyung, take a good look at them. They’ll definitely try to do something. No, now that we’ve pushed them to the edge of a cliff, they’ll definitely cause a big accident!!!”

“…All right.”

Team Leader Jo Seong-don looked at Director Choi Min-hyeok’s expression while licking his lips.

‘It certainly seems that Chairman Choi Yong-wook’s intentions were not entirely wrong.’

* * *

Vice President Choi Moon-kyung took a deep breath and then checked the issue again.

President Choi Du-jin also didn’t really try to hide what happened to him.

It’s not that he took Choi Min-hyeok’s side, but because Vice Chairman Choi Moon-kyung was also a party who should have known the truth.

Vice Chairman Choi Moon-kyung only then realized that this incident was a side effect of the Han-Young Daily project he had been working on growing.

“Ha, I guess I’ll turn back.”

“…I never imagined things would turn out like this.”

Chief Secretary Kwon Jae-hong immediately admitted his mistake.

“No. This is not Director Kwon’s problem. The biggest problem is that Oh Sung Electronics tried to steal KM Electronics’ talent. There’s also the issue of acquiring the Collins division. I didn’t think it would be quiet when they said it was 6 billion dollars… … .”

However, the method used by Oseong Electronics is to avoid leaving behind any evidence.

Vice Chairman Choi Moon-kyung wondered if she might be able to blame all of this on Senior Vice President Kim Hyeon-woo.

He instructed Chief Secretary Kwon Jae-hong to meet quietly with Senior Vice President Kim Hyeon-woo at a high-end restaurant in Bukhansan.

Senior Vice President Kim Hyeon-woo had a rather gloomy expression on his face.

“It’s been a while.”

“Yeah. I heard there’s been a lot of stuff going on around you lately.”

“yes?”

“That guy Minhyuk tried to pressure Oh Sung Electronics into cutting you off.”

“Oh, yes.”

Senior Vice President Kim Hyun-woo looked at Vice President Choi Moon-kyung. He wondered how Vice President Choi Moon-kyung knew about this. But President Choi Du-jin’s KM Group shares were at stake.

‘Did your father tell you?’

Only then did the two fall silent.

This incident involved two people.

Vice Chairman Choi Moon-kyung therefore questioned Senior Vice President Kim Hyeon-woo thoroughly from start to finish.

Senior Vice President Kim Hyeon-woo’s answer was nothing special.

He was merely a victim of the stones he had thrown through the Han-Young Daily.

“… What are we going to do from now on?”

“Well, I guess I’ll just try my best.”

Only then did Vice President Choi Moon-kyung make a suggestion.

“If you need help, try visiting the Han-Young Daily. They really hate Director Choi Min-hyeok, so they might be able to help.”

“Is that true?”

“Why, have you heard any other news?”

He didn’t necessarily mention that he heard it from Planning Director Kwon Tae-seong.

“I found out while investigating the people around Director Choi Min-hyeok.”

“Then that’s good. In fact, it’s no exaggeration to say that the only force that can help you is the Han-Young Ilbo. If you give them the information you have, the Han-Young Ilbo will make the most of it.”

“yes?”