The 3th Generation of the Chaebol Wants to Live Quietly - Chapter 1101



Only Noblemtl

1101

Secretary Kwon Jae-hong spoke carefully while controlling his facial expression.

“Director Choi Min-hyeok is taking extreme measures to secure President Choi Du-jin’s shares. We cannot continue like this.”

However, President Kim Hyun-tak was suspicious of anything related to ‘Director Choi Min-hyeok’ from the beginning. He did not make an exception just because the other person was Secretary Kwon Jae-hong.

“That’s a bit odd. In that case, wouldn’t it be much better to just buy stocks on the market?”

“The number of shares that can be secured that way is not that large. The stock price will probably skyrocket, but the loss will be enormous.”

That’s right.

If Director Choi Min-hyeok purchases KM stocks in Jang, he must disclose the percentage of stake he has acquired.

No, even if it is not necessary, if they find out about the situation through institutional investors, they will not try to put KM Group stocks on the market.

Director Choi Min-hyeok had to suffer that much more loss.

This raises the question of whether the KM Group is worth it.

That wasn’t the case.

“Well, I don’t know about KM DVR… … ”

“…yes.”

Secretary Kwon Jae-hong let out a sigh. These days, the valuation of the KM Group varies greatly depending on each affiliate.

In particular, I had no idea that the value of the shares of affiliates that Director Choi Min-hyeok had touched would skyrocket.

Even though the company had not yet been listed, there was a public frenzy to acquire shares.

However, President Kim Hyun-tak did not accept Secretary Kwon Jae-hong’s proposal as is. He looked at the other person with a puzzled look and then blurted out.

“The proposal needs to be reviewed internally. As you know, our DL Group is also in a bad situation, so we only spend money on absolutely necessary things.”

It wasn’t to that extent.

These days, the DL Group was also in a situation where it had no choice but to undergo restructuring.

It wasn’t because I wanted to do that.

As Oseong Group finalizes its acquisition of Collins’ business, rumors are circulating that it is undergoing a major restructuring due to some funding shortages.

In fact, it wasn’t a very good direction for Director Choi Min-hyeok.

“Ah, come to think of it, Oh Sung Electronics is also related to Director Choi Min-hyeok. There are rumors of a $6 billion sale, but that’s also strange.”

“That would be true. Chairman Ahn Geon-min would never make such a deal.”

Even Chief Secretary Kwon Jae-hong did not seem to understand this agenda item when he spoke about it.

Because I just couldn’t understand the value of the Collins division.

But President Kim Hyeon-tak questioned.

“If Director Choi Min-hyeok was making a fuss, it wouldn’t be completely impossible. Isn’t it because of Director Choi Min-hyeok’s fuss that we’re in this situation? We have to admit what we have to admit.”

“… … .”

Secretary Kwon Jae-hong eventually kept his mouth shut.

President Kim Hyun-tak ignored the appearance of Secretary Kwon Jae-hong.

“… I know that it needs to be reviewed as it is not a small deal. However, I hope that it will have good results. Our vice president is gnashing his teeth at Director Choi Min-hyeok. President Kim also knows that.”

“…yes.”

In fact, President Kim Hyun-tak ground his teeth when the name ‘Director Choi Min-hyeok’ came up.

The main culprit behind all the situations he is currently experiencing is none other than Director Choi Min-hyeok.

But he also realized it too late.

‘Wait, what has this guy been doing these days?’

* * *

Director Choi Min-hyeok was naturally observing the atmosphere after the lecture show by watching Vice Chairman Choi Moon-kyung and the Han-Young Daily’s reactions.

What is interesting is the recent actions of the Han-Young Daily.

They did not publish a single article about Director Choi Min-hyeok’s lecture show.

Even the articles on Director Choi Min-hyeok’s series were not published under the pretext of a hiatus.

The Hankyoreh also asked its United Front media outlets to refrain from reporting on Chief Choi Min-hyeok.

Even in the Banhan-Young Ilbo.

Fortunately, it was a success, although the money was pretty much destroyed.

There was a brief article about Director Choi Min-hyeok’s ETRI lecture show, but it soon disappeared.

‘Isn’t it amazing?’

Director Choi Min-hyeok knew very well how vicious these rags were.

Because they will readily join hands with the opposing faction for their own interests.

Moreover, they are an organization that freely wields the sword of freedom of the press guaranteed by the Constitution.

If all these media outlets colluded to attack Director Choi Min-hyeok himself, it would not be easy to respond.

No, there was no reason to make it like that.

There is a way to gather media outlets that support your side and attack the Hankyoreh.

However, this task also had to be approached cautiously.

If they know your intentions, they will want something in return.

Even Director Choi Min-hyeok could not easily deal with the entire Korean media.

This is why he went to the trouble of talking about the Oseong Group and the HY Group.

It actually worked.

Because the media outlets that are friendly with these large corporations have already started to take their side.

Director Choi Min-hyeok was well aware of the nature of the media, so he did not obsess over the Han-Young Daily.

Rather, we looked into Vice President Choi Moon-kyung.

“You met CEO Kim Hyun-tak?”

Team leader Jo Seong-don also had an awkward expression on his face.

“Yes. Chief Secretary Kwon Jae-hong suddenly went to see President Kim Hyeon-tak.”

“Don’t you know what we were talking about?”

“Because it was just the two of us talking… … .”

“I guess the intelligence team hasn’t figured that out yet.”

“I could wiretap, but I thought it would be too difficult.”

“That’s too bad.”

Director Choi Min-hyeok couldn’t bring himself to tell them to wiretap.

He also said that if he gets caught, he will hire the best lawyer in the country.

“… Do you have any idea?”

Team leader Jo Seong-don said without much hesitation.

“Isn’t it because of the KM Group shares right now? Since they showed signs of trying to secure President Choi Du-jin’s shares, if Vice Chairman Choi Moon-kyung knew about that information, she wouldn’t stay still.”

Director Choi Min-hyeok also readily agreed.

“So, you’ll need capital to secure shares. But does our Vice Chairman Choi Moon-kyung have another source of money?”

“I don’t think so. Even if there were, it would be problematic funds… … .”

“I guess I’ll have to sell off some unnecessary assets. KD Communications shares are fine. Well, if you’ve reviewed my lecture show, you can’t help but know the risks of KD Communications.”

It was regrettable from Director Choi Min-hyeok’s perspective. However, he didn’t care much. He was better off now. He would find an alternative to escape now, no matter what.

‘But it won’t be easy. It’ll be quite painful. This would be perfect revenge.’

He thought it turned out well, even though it was a little different from what he had expected.

I didn’t care about the few pennies.

I wanted to see them suffer terribly and regret it.

Because he himself suffered such pain.

“… … .”

Team leader Jo Seong-don couldn’t answer right away. It was KD Communications that he had been so concerned about until recently. He strongly discouraged the sale of IP City Phone technology.

Director Choi Min-hyeok only seemed to imply that everyone would find out as time passed.

But now that I look back, it was exactly as Director Choi Min-hyeok said.

Team Leader Jo Seong-don trembled at Director Choi Min-hyeok’s surprising wit.

Director Choi Min-hyeok did not necessarily mention that Team Leader Jo Seong-don’s gaze had changed.

“Then, President Kim Hyun-tak, no, please take a good look at the DL Group’s reaction. Now is the time to start harvesting. Do you know what I mean?”

“…yes.”

Team Leader Jo Seong-don didn’t have the heart to ask Director Choi Min-hyeok any more questions.

He just shook his head as he recalled the IP Cityphone, CDMA, and Plims issues one by one.

‘How is this possible?’

Even though he knew Director Choi Min-hyeok’s intentions, he couldn’t quite understand them.

Even if he had planned it himself, he couldn’t proceed with the work like this. Each technology intertwined with a single barrier is not something that even a large company can easily control.

* * *

President Kim Hyun-tak didn’t even look at Director Choi Min-hyeok because of the future of KD Communications and the financial pressures of the DL Group. Ignorance is bliss, and if he didn’t know much about Director Choi Min-hyeok, there was no reason to worry.

After hearing the suggestion of Chief Secretary Kwon Jae-hong, he hurriedly checked Chief Secretary Choi Min-hyeok’s movements.

There was no need to go far.

[Dream Communication Plims, Will Its Reality Be Revealed?]

The main character was, of course, Director Choi Min-hyeok.

This is the technology that Director Choi Min-hyeok recently demonstrated at an ETRI lecture show.

The content contained in that lecture show was, frankly, a shock to President Kim Hyun-tak.

IP City Phone, which is part of the Plims technology infrastructure, has not yet been properly commercialized and is suffering from astronomical losses.

However, Director Choi Min-hyeok demonstrated practical testing by adding security features to the advanced technology of this IP city phone.

Naturally, this Plims technology standard also included IP city phones.

“Fuck.”

President Kim Hyun-tak was so shocked that he had to vomit blood.

I really shit myself.

He was even hospitalized for a day due to mental shock.

However, President Kim Hyeon-tak could not continue like that.

He went to see DL Fire Vice President Kim Hee-chan and carefully told him this fact.

“… … .”

Vice President Kim Hee-chan was surprisingly not surprised. He was not stupid. He had already heard the information through the DL Group Planning Coordination Office.

However, it had only been a few days since he had been informed of that information.

In fact, I couldn’t tell anyone this fact.

If Chairman Kim Sang-goo found out, he could have fired Vice President Kim Hee-chan.

The situation was that bad.

Vice President Kim Hee-chan once again recalled the warning his son, President Kim Hyeon-tak, had given in the past.

“…Your fears have come true.”

“Honestly, I didn’t know things would turn out this way.”

“Are you talking about Plims?”

“Yes. Now, the number of CDMA users is increasing quite a bit. However, it is not enough with the current number of subscribers. It will have to be at least next year. The Plims technology, which is one generation ahead of CDMA, is frankly… … .”

It was a technology far beyond his imagination.

However, Vice President Kim Hee-chan also agreed with President Kim Hyeon-tak’s words this time.

“I misjudged Director Choi Min-hyeok. The one who took the lead in this Plims technology was Director Choi Min-hyeok.”

“If you put it that way, what would my position be? I am someone who has done business with Director Choi Min-hyeok.”

Vice President Kim Hee-chan was so frustrated that he ended up smoking a cigarette.

It was at least somewhat livable.

It’s only temporary.

How should this problem be solved?

“Wait, is this why you came?”

“Oh, no. It seems that Vice Chairman Choi Moon-kyung is trying to sell his stake in KD Telecom.”

“under.”

Vice President Kim Hee-chan sighed in disbelief. It was a story that made no sense even if you knew a little about the inside story. It was clear evidence of how much Vice President Choi Moon-kyung thought of him as a fool.

“Yes. I can really see how you see us. But this is not the time to be badmouthing Vice Chairman Choi Moon-kyung.”

“…What on earth is going on with the KM Group?”

Fortunately, President Kim Hyun-tak knew Director Choi Min-hyeok’s personality well, so he was able to obtain information centered around Director Choi Min-hyeok and guessed some facts.

“I don’t really know what the starting point was. However, looking at the result, it seems like they are trying to secure shares of the KM Group as a means of fighting over management rights.”

“I guess I’ll need money.”

“Yes. If I had not known this information, I would have thought I could secure the KD Communications branch for cheap. Now, it is the opposite. We also have to sell our KD Communications shares.”

“Will anyone survive?”

Fortunately, President Kim Hyeon-tak remembered the owner of the water.

“Wouldn’t the Chinese Communist Party be greedy for KD Telecom shares?”

“If the Chinese Communist Party finds out about this later, it will be a problem.”

“We didn’t know that either. At this point, only those who know will know the meaning of Director Choi Min-hyeok’s lecture show.”

“hmm.”

He hesitated for a moment. But the worry didn’t last long. Looking back now, IP City Phone was a poisoned chalice. Even if he sold his stake now, he would have suffered a huge loss.