The 3th Generation of the Chaebol Wants to Live Quietly - Chapter 1113



Only Noblemtl

1113

[Could it be that they took out private loans because of that deficit?]

[That may be the case. They say that Hanbu Group will help, but these days, they don’t even get any advertisements because of that rumor.]

The Han-Young Daily reporters thought this was a bolt from the blue.

However, the one major media outlet that was not left out was the Hankyoreh.

But the loan sharks are barging in as if they were attacking a failing company.

[Wow, this is crazy.]

[There is a theory that this is all because of the article series about Director Choi Min-hyeok.]

[That’s not just a rumor. Even if I were Director Choi Min-hyeok, I wouldn’t let that happen. I have to assume that Vice President Lee Dong-soo is completely crazy.]

[But Vice President Lee Dong-soo must have had his own thoughts. However, he probably didn’t know that LC Group, Oseong Group, and HY Group would all take Director Choi Min-hyeok’s side.]

Another reporter nearby chimed in.

[But this incident isn’t just Vice President Lee Dong-soo’s fault. Once you start getting pushed around, you have to become the dog of our conglomerate!]

[… It’s not a wrong statement, but I heard that it’s hard to pay salaries, and that’s the problem.]

[What are you talking about? In times of war, we have to suffer together!]

There were surprisingly many stubborn Han-Young Ilbo reporters.

But there were also quite a few people who were equally worried about the future of the Han-Young Daily.

There is no way that loan sharks would suddenly flock to the headquarters of the Han-Young Daily.

The mastermind behind this was undoubtedly Director Choi Min-hyeok.

However, they also realized after seeing the loan shark that it was difficult to find a connection with Director Choi Min-hyeok.

[under.]

The Han-Young Ilbo staff sighed while cursing Vice President Lee Dong-soo.

That’s because of the power of the media.

In a way, it was done to tame Director Choi Min-hyeok.

But I didn’t see any real effect.

On the other hand, Director Choi Min-hyeok gained more fame by raising the Plims standard above water.

Some media outlets that initially sided with the Han-Young Daily began to side with Director Choi Min-hyeok.

Thanks to this, the Han-Young Daily was hit with a boomerang attacking Director Choi Min-hyeok.

The Han-Young Daily was shaken by a two-track attack of public opposition and the suspension of advertising by large corporations.

Shareholders of the Han-Young Ilbo are furious.

At that point, it was not strange for the major shareholder to seek out Han Young Ilbo.

However, I didn’t know that the main character was a loan shark with a gang.

[If you’re going to attack Director Choi Min-hyeok, you better prepare properly. Oh my, what is this?]

* * *

Vice President Lee Dong-soo broke out in a cold sweat when he saw President Choi Du-jin sitting on the sofa in his office with his eyes closed. This was because of the large body lined up behind President Choi Du-jin.

No, he couldn’t say anything with a hardened face as he looked at the documents regarding President Choi Du-jin’s stake that reporter Choi Gwang-soo had handed him.

It was those who betrayed me who had always said they would stand on the side of Han-Young Ilbo.

‘You little shits.’

This was a very different situation than before.

Because they are exercising their rights as major shareholders, not through violence.

The shares purchased by CEO Choi Doo-jin were problematic, but the power of attorney was a bigger problem.

If you look at it another way, the power of attorney was evidence that friendly forces were pushing for CEO Choi Du-jin.

Moreover, Vice President Lee Dong-soo knew quite well what kind of person President Choi Du-jin was.

“I don’t know President Choi Du-jin personally, but I know him well. He is also the major shareholder of KM Group. Why would someone like that… …”

He glanced at the large creature with his halibut eyes.

But CEO Choi Du-jin didn’t show any particular emotions.

“I’m not here because I want to be. The company I invested in suffered huge losses and I was financially disadvantaged, so I couldn’t just stay.”

“…What do you mean?”

“I understand that HY Group has already stopped advertising.”

“… … .”

“What are you saying? Honestly, I don’t want to know what kind of relationship you have with Director Choi Min-hyeok. What’s important is performance. Do you think the major shareholder will stay still if you run the company like this?”

“I say again, give it time… … .”

“You haven’t come to your senses yet. Your management style is fundamentally flawed. I know you inherited the Han-Young Ilbo from your father, but if you’re going to do it this way, step down from your position immediately!”

“… … .”

Vice President Lee Dong-soo did not answer. In fact, the situation at Han-Young Ilbo was really bad. It was questionable whether the company could even pay its employees next month.

As a major shareholder, it would be impossible for me to just sit by and watch this situation unfold.

This time, CEO Choi Doo-jin also offered a carrot rather than a whip.

“… Thanks to the help from Hanbu Group, we are able to breathe a little. But, Vice President Lee Dong-soo must know that Hanbu Group’s situation is dire, right?”

This time, President Choi Doo-jin raised his tone and threatened Vice President Lee Dong-soo while looking at him.

“No, the situation is getting worse. And you want me to just leave it like this? I can’t do that. Are you afraid of that big guy? I’m thinking of suing you for breach of trust.”

Vice President Lee Dong-soo was startled.

“Huh?! What, what do you mean by that?”

“You privately operated the Han-Young Daily and stopped advertising revenue. This is a crime!!”

That’s a bit of a stretch.

However, it is true that there was a loss in sales for the Han-Young Daily.

Therefore, you can always file a complaint with the prosecution.

If Director Choi Min-hyeok had intervened and given power to the prosecutor in charge, the situation would have become even more serious.

In fact, Director Choi Min-hyeok was planning to leak the transcript related to the Han-Young Daily.

Only then did Vice President Lee Dong-soo realize the seriousness of the situation.

‘Wait a minute, is this also the work of that bastard, Chief Choi Min-hyeok?’

“… Could it be that Director Choi Min-hyeok is behind this?”

President Choi Du-jin chuckled.

“Do you think I’m the kind of person who would do something because someone else told me to?”

“… I’m sorry, I’m sorry.”

“Ha, this guy hasn’t come to his senses yet. Because of what you did, the once-healthy Han-Young Ilbo is going to be ruined. I’m not talking about Director Choi Min-hyeok. I’m talking about the company’s deficit!”

“But the media must pursue the truth in any environment. The citizens will know the truth!”

“You’re talking nonsense that sounds like the truth. Even the articles about Choi Min-hyeok are all fabricated and manipulated. There’s no one who doesn’t know this when they go into computer communications!”

Actually, the news of the new corporation Plims made things very bad.

President Choi Du-jin beat his chest in frustration.

“Well, I guess you’ve been out of your mind lately, but I’ll let that slide. But you’ll have to take responsibility for the deficit in the Han-Young Daily.”

“There is still a way… … .”

“I’m not here to hear your excuses. I’m here to hold you accountable. I’m going to start by filing a complaint with the prosecution and use every means at my disposal. We’ll also have to hold an extraordinary shareholders’ meeting. This guy is just a taste of that.”

“… … .”

Only then did Vice President Lee Dong-soo look at President Choi Du-jin with fearful eyes.

He felt that he had overlooked the deficit of the Han-Young Ilbo because he was so obsessed with Director Choi Min-hyeok.

Of course, we did report on Director Choi Min-hyeok’s abuse of power through the article.

But that news was buried in the news of the establishment of a new corporation, Plims.

‘Are you really going to hold a shareholders’ meeting and fire me?’

Of course, I was afraid and didn’t have the heart to ask CEO Choi Du-jin.

Only then did President Choi Du-jin get up from his seat.

The twenty-man group followed CEO Choi Du-jin and did all sorts of things to the Han-Young Ilbo reporters.

“… … .”

Vice President Lee Dong-soo gritted his teeth as he watched those who were acting up in front of him.

‘If only I had a little more time, I could start Oseong Electronics and negotiate with other large companies. What should I do?’

* * *

Director Choi Min-hyeok heard from President Choi Du-jin about what he had done.

He simply did not believe this story.

I also found out separately through the KM Electronic Security Team.

The result was satisfactory.

‘If we continue like this, Hanyoung Ilbo will eventually close. Should I just take over Hanyoung Ilbo?’

I soon ended up shaking my head.

Other media outlets will not remain silent.

But he happened to be working to suffocate the Han-Young Daily.

I had no intention of just waiting.

I thought it would be a good idea to do something about the background of the Han-Young Daily.

Director Choi Min-hyeok thought deeply and then suddenly realized one thing.

‘Oh, there are regulations.’

There were still many regulations and laws regarding foreign investment.

Director Choi Min-hyeok, of course, heard the news that a new law on promoting investment attraction was being enacted.

‘It’ll take a long time.’

But that was difficult.

The establishment of the new corporation Plims is intended to be used as a weapon rather than as a fruit.

Now is the time when its influence will be the greatest, so I couldn’t just leave it like this.

Director Choi Min-hyeok eventually asked Team Leader Jo Seong-don to secretly leak information about Plims to the government.

This is information about how far the results have actually progressed, contrary to what was reported in the article.

This included information on what specific functions were included in the Plims chip and what was actually possible with the test chip.

“It is important to organize it as thoroughly as possible so that it can be understood.”

Team leader Jo Seong-don clicked his tongue.

“Is it really necessary to go this far?”

“Time is very tight. If possible, try to pass it on to Hanseon Ilbo. If the Ministry of Strategy and Finance requests a visit, pass on that information as well. We need to coordinate so that the government takes a proactive stance on Plims-related technologies.”

“Did you have the Han-Young Daily in mind?”

“Yes.”

“…All right.”

Team Leader Jo Seong-don could only click his tongue at the sight of Director Choi Min-hyeok meticulously utilizing the establishment of a new corporation called Plims.

‘Does the government want to lower its position? Well, if that happens, I’ll know how to check the forces targeting Director Choi Min-hyeok.’

It wasn’t a bad choice.

* * *

The Ministry of Finance and Economy was concerned about its foreign exchange reserves.

This was the reason why Director Choi Min-hyeok cheered the introduction of 1 billion dollars.

They willingly gave up the government land in Bundang area that Director Choi Min-hyeok wanted.

However, any suspicion of preferential treatment disappeared as land prices plummeted.

This was a really good case.

This extension was foreign investment.

In fact, the Foreign Investment Promotion Act was under review to expand the introduction of foreign capital.

It included various privileges, including tax support.

The Ministry of Strategy and Finance actually explained the system related to the Foreign Investment Promotion Act through the media at the beginning of the year.

This policy, which took into account all areas, was something the government absolutely had to do.

However, there were still some items that were controversial, such as land use restrictions.

Because of this, Vice Minister Lee Hwan-chae could not postpone this issue, so he gathered personnel from the relevant ministries and was pushing it forward at full speed.

But even he wavered when faced with difficult issues such as land use restrictions.

Even when I called the relevant department and talked to them, they only blamed the National Assembly.

“Why is the National Assembly so opposed to it?”

Aide Seong Hwan-soo sighed.

“Don’t you know?”

“No, I really don’t know.”

“They want to tame the government. This is a good opportunity. The decline in foreign exchange reserves is constantly being talked about in the media.”

“No, but what are you going to do if the country goes bankrupt?”

“The ruling party is doing relatively well, but the opposition party is in a different situation. For them, it would be much better if the country went bankrupt. They can use that as an excuse to regain power.”

“You little shits.”

It was something that even Vice Minister Lee Hwan-chae was aware of.

At this, aide Seong Hwan-soo casually suggested something.

“The National Assembly is a problem, but the involvement of foreigners in public enterprises such as electricity and gas is actually a problem. They are directly demanding that investment be eased in these areas. So the National Assembly cannot help but be sensitive.”

“Are you crazy kids? Does that make sense?”

“They don’t think their demands will pass either. They just want to use this as an excuse to demand more deregulation. The requirements for workers are particularly problematic.”

The issue was the layoff of workers.

A typical example is the flexible American labor market.

It was a requirement that could not be met.

Vice Minister Lee Hwan-chae sighed. Things were not going to be easy.