The 3th Generation of the Chaebol Wants to Live Quietly - Chapter 1124



Only Noblemtl

1124.

“The Plims stake will be a good negotiating target. Get as much of it as possible.”

“The value of Plims’ shares is ….”

“And don’t think about the price of Plims shares. Just focus on securing as much as possible. Director Choi Min-hyeok won’t take any risks if he sells the Collins division. Consider the advice to turn it into a service, and take everything you can this time. And do some internal reorganization, and deal with Senior Vice President Kim Hyun-soo….”

“I received your resignation letter.”

“That guy is also good at finishing things off. If it becomes a problem, I’ll hand it over to the prosecutors this time.”

“…All right.”

“I’ll say it again, you shouldn’t blush with Director Choi Min-hyeok. Don’t provoke him unnecessarily and cause him to suffer another loss in the future.”

“I’ll keep that in mind.”

“No, that alone is problematic. I bought some shares of Han Young Ilbo just in case. Do you know how much its value has increased? It’s 20 times as of now. That means it will increase even more as time goes by!”

Chairman Ahn Geon-min stood up from his seat while talking about the value of Han Young Ilbo shares.

He continued to ask questions while gently touching the electronic products placed in the study.

“The value of Plims will change like the value of Han-Young Ilbo.”

“It’s a little different…….”

“No, they say if you see one you know ten. You can’t be wrong.”

“Choi, I will do my best.”

“You’re doing research, right? How long will it take us to make this product, including the anime?”

Of course, the researcher answered, but he couldn’t bring himself to look at Chairman Ahn Geon-min.

“I’m sorry. In-house development seems a bit difficult. Strictly speaking, the animation platform used in this product includes not only software but also hardware along with the chip. However, KMBOOK is trying to avoid providing any relevant information. I can only receive it and port it. I’m sorry, Chairman.”

Only then did Chairman Ahn Geon-min show a dejected expression. This was because he had never heard such negative words in front of him before.

“You’re not even saying you’ll try?”

“that is?….”

It was an ambiguous answer.

But it had to be that way.

In fact, if you develop it yourself, you can’t possibly set a development period.

“It’s miserable. Is that all you can do?”

okay.

I wanted to say that this was all I could do, but I couldn’t bring myself to do it in front of the chairman.

Chairman Ahn Geon-min expected the other party to at least try hard to say something, but the other party didn’t even say anything like that. It was because it wasn’t something that could be done through effort.

He let out a sigh as he thought of Director Choi Min-hyeok.

‘Is there really that much of a difference? What on earth was Director Choi Min-hyeok trying to advise?’

In fact, Director Choi Min-hyeok did not think to the extent that Chairman Ahn Geon-min was worried.

Even if it’s the future, something like this won’t happen.

Director Choi Min-hyeok could not understand Chairman Ahn Geon-min’s feelings at all.

Instead, he was in an awkward position.

Because the direction and speed are different from what I expected.

He wasn’t particularly surprised to hear the answer from Team Leader Jo Seong-don about Osung Electronics’ ‘sale of the Collins division’.

“Now that it’s a topic that doesn’t even come out when boiled, it doesn’t feel fresh at all.”

“Oh, but it’s six billion dollars. Oh my god, six billion dollars.”

It was the result of several checks.

This was the result of several checks in case there was some mistake in the Oseong Group.

The sale of the Collins division was finally confirmed.

Team leader Jo Seong-don cheered like a child.

Because there’s a difference between talking about selling for $6 billion and actually selling it.

In fact, although this news was reported in the media, not many people believed that a deal had been made.

I just took it as some kind of gossip circulating between the two companies.

Director Choi Min-hyeok was more impressed by other conditions than these.

“You want to secure a stake in Plims?”

“Yes. He said he would negotiate the same terms as those offered to LC Electronics. Oh my goodness, he received the investment before the company was even founded.”

In fact, $200 million for a 1% stake would be astonishing.

But Director Choi Min-hyeok was indifferent.

“That’s because Oh Sung Electronics knows the value of the animation platform well through Oh Sung Materials. The current stage has already surpassed the commercialization level, right?”

“That’s true, but….”

Team Leader Jo Seong-don also ended up keeping his mouth shut at Director Choi Min-hyeok’s sharp criticism. He was just cheering because he couldn’t see the cash right away.

In fact, if the commercialization of the animation platform had been successful, the story could have been different.

Even the Plims platform further increases the value of the anime platform.

In fact, the ongoing animation platform, such as HY Automobile, was progressing faster than expected.

“But is the collaboration with HY Automobile going well? Doesn’t they bully you?”

“That’s it……”

In fact, Team Leader Jo Seong-don didn’t know about that either.

Although Dr. Lee Ji-soo and Dr. Helen are the type to express their personal feelings, they would not come all the way here to protest.

However, Director Choi Min-hyeok also knew well how authoritarian HY Automobile was.

He was troubled because of that.

The sale of the Collins division has already been confirmed.

Here, we could not create a variable called HY car.

‘If they knew our circumstances, they might use that as an excuse to make unreasonable demands.’

This was not a betrayal.

Because it is clearly a corporate activity.

There was also an issue with GM.

Although GM had been abusive to Dr. Lee Ji-soo in the past, the joint development technology itself did not disappear.

It was natural that the development would be accelerated by transplanting this into the HY car.

When GM heard the news, he threatened to sue KMBOOK and Dr. Lee Ji-soo.

Director Choi Min-hyeok vented his grievances because he did not want this matter to become a variable.

“What the hell is GM doing? It’s already been decided. Furthermore, this Dr. Jisoo’s animation platform is different from the technology used in the Mayron Project.”

“But it may be disadvantageous if the trial is held in an American court.”

“Are you saying that crayfish are better?”

“Yes.”

That’s right.

In the United States, a country of litigation, it is impossible to know how the trial will proceed. No matter how objective the American courts are, this is a trial related to American national interests.

Choi Min-hyeok also had no intention of creating variables. This was because even in the future, minor court trials could grow like a snowball.

If he lost even one trial, it would be a serious matter.

But Director Choi Min-hyeok snickered. If they had any sense, they would never sue Dr. Lee Ji-soo.

‘They’ll probably try to squeeze out more of Plims’ interests.’

That’s right.

If GM had missed out on the Plims stakes, it could have been disastrous.

Even with the help of Toshiba and Honda, GM was able to be driven to the brink by using the Plims joint venture as an excuse.

If the sale of Plims shares actually happens, the situation will change. Those who have been just watching will get involved.

Director Choi Min-hyeok snickered as he read the flow.

“To eliminate the variables of HY cars, you have to reach out to GM. You know them because we’ve met a few times already. Just contact them once. But you don’t have to force yourself. Just contact them and if they can make a promise, hold on. If not, don’t.”

“…All right.”

One in five automobiles sold worldwide was a GM vehicle.

Just 10 years ago, it had a market share of close to 50%.

However, recently, it has become difficult to maintain a 30% market share due to being pushed out by Toyota, Honda, and HY automobiles.

Recently, the GM chairman has taken the lead in implementing large-scale restructuring.

Of course, the results were not good.

This was because GM’s powerful union began to unilaterally oppose it.

GM executives eventually began investing in second-rate technology development.

Dr. Lee Ji-soo’s animation platform was one of those targets.

However, GM’s weakness, bureaucracy, limited its investment in Dr. Lee Ji-soo.

Even though we invested in Dr. Lee Ji-soo, we were unable to manage it actively.

That was also the reason why Dr. Taylor’s opposition was not put to use.

However, the situation changed after Dr. Lee Ji-soo recently moved to KMBOOK and began to move closer to commercializing the animation platform.

He moved so quickly that he considered filing a lawsuit.

However, they also hesitated when they found out later that the person behind Dr. Lee Ji-soo was Director Choi Min-hyeok.

First, we started investigating Director Choi Min-hyeok.

And then I found out.

The character of Director Choi Min-hyeok is a monster close to a mutant.

He wasn’t the third generation of a conglomerate or anything like that.

Denny Sullivan, president of the Asia Pacific region, came to GM Korea and wrapped his head around it. He swallowed dryly as he watched the Hanyoung Ilbo being devastated.

At first, he thought Director Choi Min-hyeok was funny, but then he realized that it wasn’t true.

Because the power of the media in Korea is enormous.

Because it is not a light matter to put the vice president of such a media company in jail and conduct a search and seizure of the media company several times.

GM Korea President and CEO Alan Parriton spoke cautiously.

“…I don’t think it’s a lawsuit.”

Denny Sullivan, President of Asia Pacific, said somberly.

“There is no other way to secure the interests.”

“But I think Director Choi Min-hyeok would have come up with a response plan for such a thing. In fact, the U.S. Department of Defense does not touch Director Choi Min-hyeok either.”

It was a report he had heard not long ago. The danger of Director Choi Min-hyeok could not be overemphasized. He was even considered the most dangerous candidate for US security.

But he knew GM’s current situation well. If things continued as they were, GM had no future.

“If there’s another alternative, then there’s nothing we can’t do. Oh, and how’s the establishment of the new Plims corporation going? Did they really say they’re going to do it?”

“Because it’s an ongoing story, I haven’t heard anything special. LC Electronics just says they don’t know anything. HY Automobiles doesn’t even respond.”

It had to be that way.

The story regarding the shares of the newly established Plims corporation is known only to the relevant companies.

I only heard about the Plims stake in LC Electronics, Oseong Electronics, and HY Automobile because they are related to the work of Director Choi Min-hyeok.

So GM was a different story.

The fact that there were rumors of lawsuits related to anime had to do with this.

If you mess with Director Choi Min-hyeok now, you won’t get your money’s worth back.

However, it was not possible to just leave it like this.

“When do you think the strike will end?”

“…That’s because the strike will only end if the chairman withdraws his plan to cut GM’s workforce by 20% over five years in order to reform the company.”

“The union knows GM’s situation very well, so why are they saying such things?”

“The union is countering by asking why workers should be held responsible for management’s wrongdoings.”

And this wasn’t a wrong story.

GM has become a dying dinosaur, mired in bureaucracy because of its stability.

It was difficult to blame the union for that now.

Moreover, GM’s recent policies were also problematic.

“This is a part where investments from China, Thailand, Poland and Argentina are increasing significantly. Because of this, the union is reacting differently than before.”

It’s because of labor costs.

This means that cheap workers can be utilized.

As this unfolded, the influence of GM’s U.S. plants was bound to diminish.

Denny Sullivan, President of Asia Pacific, once again expressed regret for the animation platform.

Judging from the results so far, it seems that if we had put in half the effort that Director Choi Min-hyeok put in, we could have secured stable autonomous driving technology.

“Have you figured out how far Annie’s autonomous technology has come?”

Not a test mini car, but a real car.

President Alan Parriton took notice.

“It doesn’t seem to have been done yet. But we signed an MOU with HY Automobile for that and are already conducting tests…”

“what?!!”