The 3th Generation of the Chaebol Wants to Live Quietly - Chapter 1117



Only Noblemtl

1117

“Director Choi Min-hyeok’s work is no longer something that can be overlooked. The drone and THAAD issues are not something that can be taken lightly.”

“About that THAAD, is there an alternative? You said it failed again this time?”

“that…….”

“What’s Lockheed Martin saying? Are they just being self-righteous and talking nonsense again? You don’t have much time left, and there’s some weird stuff coming out of Congress.”

“There is nothing to say.”

“You have no intention of giving up your stake?”

“But it is a company that produces weapons related to national security. It makes no sense to hand over shares in such a company.”

“Oh, you’re repeating the same thing. So what are you going to do about THAAD? I heard they’re using this incident as an excuse to get rid of it in Congress.”

“What about the THAAD issue? How about warning Director Choi Min-hyeok instead? The results produced by Dr. Lee Ji-soo and Dr. Helen are also related to national security information.”

“The scope is ambiguous. Moreover, if you apply pressure, will the two of you accept it obediently? We made too many mistakes in the Mayron Project.”

“But that’s not what our State Department is concerned with. Isn’t it the Taylor family’s arbitrary application of pressure?”

“No, that’s not true. Surprisingly, there are people in the Department of Defense who are involved in the Mayron Project. I’m not unaware of their intentions. But they’ve gone too far.”

Assistant Secretary for Asia-Pacific Affairs Josh Roberts looked into the materials related to the Mayron Project. After reading the contents, he sympathized with Dr. Lee Ji-soo.

On the one hand, he thought that Dr. Lee Ji-soo would no longer trust the Department of Defense.

‘The problem is not the Mayron project, but the next-generation mobile communications standard.’

Assistant Secretary of State for Asian and Pacific Affairs Josh Roberts reported the matter to the Secretary of State, but has now been told to just take care of it.

But there was a change in that flow.

Commerce Secretary Mickey Kanter was the one who started looking into this from the beginning.

No, he had no choice.

The Trade Agreement Implementation Center naturally looked into this issue when the center was established.

Because of that, I ended up getting tired.

But something strange has happened recently.

“Will Director Choi Min-hyeok really establish a new corporation called Plims?”

This is the information on the establishment of the new corporation Plims.

It was through Rep. John Smith, who told the Secretary of State, that Assistant Secretary for Asian and Pacific Affairs Josh Roberts got this information.

And because it was something related to ‘Director Choi Min-hyeok,’ he ended up taking responsibility.

“… It’s probably not completely false information. It’s just that it’s not certain when the Plims Corporation will be established. There’s even the issue of ownership of the Plims patents.”

“Are you saying that Director Choi Min-hyeok has another plan?”

“Maybe so.”

Just thinking about Director Choi Min-hyeok gave me a headache.

Even if I wanted to touch it, I couldn’t.

Because shooting down a drone is enough.

Of course, this was something that Dr. Lee Ji-soo handled alone, but I mistakenly thought that Director Choi Min-hyeok was behind it.

It was around this time that I received a call from Director Choi Min-hyeok.

Originally, I was going to contact him first, but Director Choi Min-hyeok contacted me on his own.

Director Choi Min-hyeok made the request first.

[I understand that the Trade Agreement Implementation Center has been established. First, please use it to pressure the Korean government. If that works, we will discuss the Plims stake.]

There was a lot he wanted to say, but he couldn’t say more because he knew Director Choi Min-hyeok’s personality. It would only lead to more trouble.

[…All right.]

The reason Assistant Secretary for Asia and the Pacific Josh Robert did not specifically reject Director Choi Min-hyeok’s offer was because the work of the Trade Agreement Enforcement Center was something that had to be done anyway.

The work on the Korean telecommunications market was going to happen anyway.

* * *

A senior official from the U.S. Department of Commerce suddenly visited Korea and brought up the telecommunications market.

It was a story related to trade cooperation negotiations.

In fact, the story related to this has been around for several months already.

There were rumors that the US originally targeted China, but contrary to expectations, it unexpectedly put strong pressure on Korea.

The Ministry of Finance and Economy was turned upside down.

They were in chaos, meeting every day with senior officials from the U.S. Department of Commerce to negotiate.

I never imagined that Director Choi Min-hyeok was involved in this matter.

Assistant Secretary for Asia and the Pacific Josh Roberts met independently with Commerce Department officials and Director Choi Min-hyeok at a restaurant.

“It’s been a while.”

Director Choi Min-hyeok smirked as he looked at Assistant Secretary for Asia and the Pacific Josh Robert, who was frozen in place.

“Why do you have that look on your face?”

“Honestly, I don’t know what Director Choi Min-hyeok’s intentions are.”

“Is it because of the establishment of Plims? Or is it because of the sale of Plims shares?”

“Both. I understand why you have to make things so complicated, but… … .”

“Are you talking about selling your shares in Plims?”

“Yes. Because we haven’t yet determined its value.”

It was a natural thing.

As time passed, the value of the plims could only increase.

Even if Director Choi Min-hyeok had additionally designed the Plims technology, it was not something to rush.

Assistant Secretary for Asia-Pacific Affairs Josh Robert approached Director Minhyuk Choi differently than others. Director Minhyuk Choi only said he would sell his stake in Plims, but did not specify anything specific.

“That’s because the sale of the Collins division was like that. Aren’t you still hesitating on the decision?”

“That’s what Chairman Ahn Geon-min of the Oh Sung Group is probably thinking about. It’s not an easy decision to make because the price is the price.”

“So, wouldn’t the sale of Plims shares also proceed like the sale of Collins?”

“Do you think I won’t sell my stake in Plims?”

“No. We will sell our shares. However, the key will be controlling the speed and adjusting the share price.”

Director Choi Min-hyeok laughed so heartily that his Adam’s apple was visible. He couldn’t stop laughing when Assistant Secretary for Asia and the Pacific Josh Roberts frowned.

“Then did you think I would give away my shares of Plims for free like a fool?”

“… That’s not it.”

Assistant Secretary for Asia-Pacific Affairs Josh Robert decided to stop his questioning of Director Choi Min-hyeok. He was relieved. He wanted to see Director Choi Min-hyeok’s reaction like this. It meant that Flims had some hidden agenda. He didn’t want to provoke Director Choi Min-hyeok unnecessarily. He was more concerned about other issues.

“The same goes for communications issues. The US’s exports of communications equipment are only worth $800 million, but exports to the US that are related to Director Choi Min-hyeok would have a different meaning. For example, the sale of Plims shares.”

That’s right.

Areas related to Director Choi Min-hyeok, especially royalty exports to the US, were different in scale from last year.

The nature of the agreement has also changed significantly compared to last year.

Because if we’re not careful, the United States could suffer huge losses.

Director Choi Min-hyeok smiled broadly as he ate the salmon placed in front of him.

“I will never do anything that harms American interests. This is no exception. I am simply taking action to keep my opponents in check.”

Assistant Secretary for Asia-Pacific Josh Robert knew very well that the opposing faction was ‘Vice Chairman Choi Moon-kyung’. That is why he lamented the motive of Director Choi Min-hyeok, who shook the world with the Plims technology that the whole world was excited about.

He could not report this truth to the White House.

“…What do you want?”

“The telecommunications equipment market would be great. Use that to pressure the Korean government. If possible, mention my name and use the expression “ally.” If you do that, I will try to make it beneficial to the United States.”

“…You must keep your promise.”

“Of course. Don’t you know why I’m doing this? The American powers are also involved, whether they know it or not. Salomon Brothers. The powers that the American government has chosen?”

“…All right.”

Assistant Secretary for Asia and the Pacific Josh Roberts frowned at the mention of “Salomon Brothers.”

‘This really pisses me off.’

* * *

Assistant Secretary for Asia and the Pacific Josh Robert reported Director Choi Min-hyeok’s request to his superiors as soon as he returned to the United States.

He also mentioned the stake in Plims with that carrot.

The idea was to help them gain as many benefits as possible.

However, the size of the stake has not been determined.

In fact, I couldn’t even determine this because I didn’t know how much the plims were worth.

But putting pressure on the Korean government wasn’t difficult.

Because if you talk about the telecommunications equipment market, you can negotiate appropriately.

Of course, I didn’t just take a guess and come to a conclusion.

From the Ministry of Strategy and Finance’s perspective, this alone was good.

Because they can manipulate the media by saying, ‘We are in negotiations.’

However, the name ‘Director Choi Min-hyeok’ that came up during this process was problematic.

I’m talking about the matter regarding the shares of Plims.

Minister Kim Woong-bae, who heard this story, was at a loss as to what to do.

[Why is Director Choi Min-hyeok’s story mentioned there?]

It was a really strange story.

He was inwardly shocked.

This is because it was the first time I learned that Director Choi Min-hyeok could exert influence on the U.S. State Department.

This was very different from before.

At that time, Director Choi Min-hyeok met with a State Department official and had a conversation.

This wasn’t a story about exercising physical force like this.

He was so tired of Director Choi Min-hyeok that he couldn’t even call him in and talk to him separately.

“…Do as Director Choi Min-hyeok requests.”

“…All right.”

“Again, I don’t know about the Han-Young Ilbo issue.”

“…yes.”

Vice Minister Lee Hwan-chae stuck out his tongue. He had a rough idea, but he didn’t want to know the truth. There was already a lot of talk.

‘This government is really worrisome.’

* * *

Director Choi Min-hyeok did not rush things. He used Assistant Secretary for Asia and the Pacific Josh Robert to apply moderate pressure on Korea.

At this point, the Ministry of Finance and Economy will take a step back.

He thinks this is a complicated affair, but he intends to finish it all at once.

Moreover, the timing was good.

The US trade agreement was an additional burden on the already weak Korean economy.

‘The government is the one in a hurry. Moreover, now is the time to feel a sense of crisis.’

I also heard that the Ministry of Strategy and Finance is putting forth its best efforts.

They are not stupid, so they could not have been unaware of the seriousness of the economic situation.

In fact, most of the policies implemented by the Ministry of Finance and Economy with regard to foreign exchange reserves have been failures.

If the government were to go out and do its own thing, it would realize that foreign investors have a cold view of the Korean economy.

Director Choi Min-hyeok waited for Vice Minister Lee Hwan-chae’s answer as he knew the situation better than anyone else.

In fact, Vice Minister Lee Hwan-chae contacted me.

[I will do whatever Director Choi Min-hyeok wants.]

Director Choi Min-hyeok cheered.

It was also because he felt burdened by the idea of ​​openly opposing the government.

He immediately contacted CEO Choi Du-jin.

I’m telling you to cut Vice President Lee Dong-soo.

President Choi Doo-jin originally planned to hold a special shareholders’ meeting, but instead met with Vice President Lee Dong-soo.

He was worried that if he held a special shareholders meeting for no reason, the news about Vice President Lee Dong-soo would become known.

“How about we just quit quietly?”

“Are you serious?”

“I know, too. But the other person is not good. You should know the circumstances of the situation.”

“No, I don’t know.”

“That’s what the U.S. Department of Commerce said during its visit to Korea. That was what Director Choi Min-hyeok said.”

President Choi Du-jin also heard about it through Director Choi Min-hyeok.

“… Is that true?”

“Director Choi Min-hyeok said that intentionally.”

“… … .”

Vice President Lee Dong-soo trembled with anger and soon let out a sigh.

He also went around chasing other friendly forces and asking for favors.

It was no use.

He thought that friendly shares would protect him.

Because they also gave instructions to attack Director Choi Min-hyeok.

But now the major shareholder has long since changed his mind.

He said that the attack on Director Choi Min-hyeok was his own arbitrary decision.

I didn’t even feel angry when I saw CEO Choi Du-jin in front of me.

“…Is it President Choi’s doing?”

President Choi Du-jin clicked his tongue.

“What power would I have to convince them? You dug your own grave. Regardless of everything else, you had to maintain the sales of Han-Young Ilbo.”

Vice President Lee Dong-soo glared at President Choi Du-jin for a moment. But he ended up sighing quietly. He had no idea things would turn out this way.

“I didn’t know that the LC Group and the Oseong Group would support Director Choi Min-hyeok. I also didn’t think that the HY Group would join them.”

“Don’t think that you’re the only one who can convince them. Minhyuk, that guy, can do it too.”

“But on the other hand, it’s unfair. Even they actually agreed to check Director Choi Min-hyeok. But the ones who ordered this actually backed out.”