The 3th Generation of the Chaebol Wants to Live Quietly - Chapter 1128



Only Noblemtl

1128.

At first glance, it seemed like a compliment, but then it didn’t seem like a compliment.

Of course, that’s because of the KM Group shares that CEO Choi Doo-jin owns.

Chairman Choi Yong-wook also benefited from it. That is, the management rights of the KM Group.

“Ha, I didn’t know things would turn out like this.”

Director Jang Seung-il spoke cautiously.

“No, it was Senior Vice President Kim Hyeon-woo who took advantage of that blind spot. It wasn’t your fault.”

“…Are you serious?”

“Yes. Although Senior Vice President Kim Hyeon-woo is selfish, his ability cannot be ignored. If he had focused on one goal, he would have achieved the desired results.”

Of course, Senior Vice President Kim Hyeon-woo did not do that.

Because I only used all kinds of tricks and tricks.

So the results just didn’t come out right.

President Choi Du-jin had a miserable look on his face.

“If it’s because of that KM stake, I think Minhyuk would rather hand it all over to that guy now.”

Director Jang Seung-il had a look on his face that he hoped would be like that, but Chairman Choi Yong-wook had a different thought.

“That won’t do!”

“…You still haven’t changed your mind?”

“Hyunwoo, that guy is a problem, but we can’t burn down the whole house because of a problem. Minhyuk, that guy has his flaws too. You know that, right?”

The two were silent.

Director Choi Min-hyeok did have some shortcomings.

The problem is that the way things are done is so rational that it lacks humanity.

It didn’t smell like anyone.

Among the KM Electronics employees, there were some who actually vented their grievances.

Director Choi Min-hyeok’s management style is like putting employees in a juicer.

However, the reason this did not develop into a complaint was because the salary was higher than that of other companies.

Chairman Choi Yong-wook pointed out that point again.

“Honestly, Minhyuk, I have nothing to say about management. I just want you to think about the things that you can have as a human being. My job is to fill in the gaps.”

Director Jang Seung-il looked at Chairman Choi Yong-wook for a moment and then bowed his head.

“Okay, I understand.”

However, CEO Choi Du-jin was the problem.

“I’ve had enough. I don’t want to get involved in that bastard Hyunwoo’s business anymore. I don’t want Minhyuk to lose his KM Group shares to that bastard either.”

“Director Jang, did you hear that?” Director Jang Seung-il nodded.

“Your role is really important. If you’re not careful, Minhyuk could end up misunderstanding that guy. So, Minhyuk, please point out his shortcomings.”

“…yes.”

Director Jang Seung-il ended up laughing in vain. It didn’t seem like it would be easy. No, to be exact, the problem was Salomon Brothers and Senior Vice President Kim Hyeon-woo.

‘Oh, Vice President Choi Moon-kyung is here too.’

Director Choi Min-hyeok was surprised as he looked into the current state of technology related to artificial intelligence and autonomous driving.

He actually thought that the technology was realistically difficult and would take a long time.

But in reality, things didn’t go that way.

Of course, the test chip is not ready for commercial sale right now, but it is good enough for practical testing.

This chip still has a number of issues and isn’t fully functional, but it was good for testing.

Research Director Choi Byeong-yeon also expressed this point.

“It is difficult to take the current Plims project lightly.”

“…I didn’t take it lightly.”

“No. Director Choi Min-hyeok tends to hear about this project in passing and just ignore it. That was okay in the past, but it shouldn’t be like that anymore.”

“Have things changed?”

“Yes. The situation is not ours, but the reaction from the related industry is a bit different. We need to change the roadmap itself in that regard.”

Director Choi Min-hyeok was greatly embarrassed. He also did not know that things would turn out this way. There were too many uncertainties in this matter to make a real investment.

Director Choi Byeong-yeon also recognized that point.

“I know. In fact, no one would have thought that Plims would pop up in reality right away. If it really did, it would be a very different story. If it is combined with the animation platform, its value will increase even more.”

I know, because it actually happened in the future.

However, even a generation later, the situation would not be the same as it is now.

It is due to various instabilities.

But now things were a little different. That was what worried Director Choi Byeong-yeon.

“You shouldn’t think of Dr. Lee Ji-soo’s ability as simply a genius. It would be more accurate to say that he is an unparalleled genius. That would be a different story.”

Director Choi Min-hyeok sighed.

“So you’re saying that the value of Plims shares has changed?”

“Yes. If it’s around 10%, it’s within the acceptable range, but more than that is problematic.”

“…all right.”

The story is that selling a 1% stake in Plims for $200 million is not necessarily profitable. It may sound like a tall tale, but it is true.

Director Choi Min-hyeok felt once again that the situation at Plims had changed.

‘This is not good. I have no choice but to change my thinking. It’s still in the beginning stages, so there are still many gaps. Senior Vice President Kim Hyun-woo might dig into the Plims part.’

In fact, the reactions of companies related to Plims-related technology have changed slightly.

They were very interested in the Flims, Annie related chips and actually got hold of them.

But the company that received the chip was desperately clinging to the Plims technology.

It wasn’t just some vague next-generation communications technology standard.

Now it’s a technology that can actually be used.

So, we could have created any number of roadmaps for applying the Plims technology.

Telecommunications companies, including Motorola, have all turned to KM Electronics.

Almost one company per day.

They also visited KM Electronics and observed the atmosphere of other companies.

It was because the atmosphere had changed.

This wasn’t just Director Choi Min-hyeok’s idea.

Eventually, Dr. Jorgen Landt, the head of this business at Ericsson, came to see me in person.

“W-CDMA has many aspects that integrate well with Plims technology.”

“…I don’t know much about W-CDMA.”

“We will help you. If you are completely separated from Plims, it will be tiring for both of you. So we will provide capital and manpower so that you can unite with Plims.”

It wasn’t exactly a bad suggestion.

Because Plims technology does not cover all sub-communications.

Director Choi Min-hyeok also did not want to dig into the W-CDMA side that Ericsson was pushing.

No, even if he could, he shouldn’t have done it.

It’s because of the advice given by Dr. Lee Ji-soo.

[We can’t do all of that. But if we collaborate with Europe, we can leave that work to Europe. We just need to set up the interface with them.]

Dr. Lee Ji-soo’s argument was that the parts that Plims technology cannot cover should be passed on to experts in that field.

In fact, Europe was secretly working on it.

But now that wasn’t possible.

Because Plims was too far ahead.

Director Choi Min-hyeok had to receive frequent calls from the Ministry of Science and ICT due to this.

What the Ministry of Science and ICT wants is performance.

They wanted to say that they had come forward and brought in Ericsson, the European telecommunications expert.

And strictly speaking, this story was intended to lay the groundwork for other investments.

Because the amount of capital poured in by European telecommunications companies is astronomical.

The idea was to direct some of that capital towards ET.

If Director Choi Min-hyeok had put his mind to it, anything was possible.

Of course, the interests must be shared.

[That’s difficult. Nothing has been decided yet.]

Even in the midst of his hectic schedule, Director Choi Min-hyeok focused more on Senior Vice President Kim Hyeon-woo.

“…Is Chief Kim still quiet?”

“Yes. I’m not doing any outside activities in particular.”

“Honestly, I’m curious. There’s not much that Senior Vice President Kim Hyeon-woo can do. The sale of the Collins division has already been confirmed, so wouldn’t it be difficult to interfere further?”

“I think so too, but we are looking into it again because Director Choi Min-hyeok raised concerns. The planning team is also reviewing various issues.”

Director Choi Min-hyeok was secretly curious about the planning team’s collective intelligence.

“What is the prediction as of now?”

“…There are many things, but it will be difficult to do anything about the part related to the Oseong Group. Planning Director Kwon Tae-seong has probably already experienced the bitterness of Director Choi. However, HY Automobile is a different story.”

He ended up laughing bitterly.

“Are you saying that HY cars can do something stupid because they haven’t been affected by me?”

“Yes. Especially if HY Automobiles gives up its plan to acquire Oseong Automobile, or even if it is postponed, it will be a problem. It is not easy to secure 6 billion dollars for Oseong Group right away.”

“…That’s right.”

He stuck out his tongue. It was hard to believe that something like that could happen, but it could. If it was HY cars, that is. If it was the HY Group, to be exact.

Team Leader Jo Seong-don spoke carefully while watching Director Choi Min-hyeok’s expression.

“They were quiet for about five years. That was because the government pressured them in retaliation for their involvement in politics. However, the nature of the HY Group is worse than that of the Oseong Group. They will use any means necessary to achieve their own interests.”

“What do you think about the quietness until now?”

“Could it be that Executive Director Park Yong-hyeok, who took the lead in this work, was close to Executive Director Ahn Jae-woon and received various pieces of information? However, other people are different. No, to be exact, there are forces within the HY Group that are in conflict with Executive Director Park Yong-hyeok.”

“…The Prince’s Rebellion.”

“Huh? ‘The Prince’s Rebellion?’ Director Choi Min-hyeok recalled the management conflict within the HY Group that occurred a few years later. The HY Group was completely torn apart at that time.

Executive Director Park Yong-hyeok was one of the main instigators at that time.

That means that Executive Director Park Yong-hyeok has quite a few enemies.

He thought the story might get complicated.

‘Did you touch the HY group for no reason? No. It would be better to get hit first. It would be better if Senior Vice President Kim Hyun-woo touches the inside of HY cars and uses that as an excuse to resolve the issue.’ Because he has an absolute weapon called autonomous driving.

Without that, it would be difficult to touch HY Automobile, or rather, HY Group.

Director Choi Min-hyeok thought that Salomon Brothers would also get involved in this matter this time.

Because they judged it difficult to utilize the Oseong Group and the LC Group.

He glanced at Manager Kim Myeong-jun, who was standing quietly with his ears pricked up. Manager Kim Myeong-jun also seemed to be watching with interest now.

“Manager Kim, did you hear that?”

“Yes. We will assign more personnel to Senior Vice President Kim Hyeon-woo.”

“Please increase the number of employees in the Hy Automobile division as well as Executive Director Park Yong-hyeok.”

“…All right.”

Senior Vice President Kim Hyeon-woo remained quiet when he was appointed to the Salomon Brothers Korea branch.

He had personal investment experience, so he adapted better to the job at Salomon Brothers than expected.

I learned quickly, too.

Ironically, his conflict with Director Choi Min-hyeok helped him a lot.

I was able to learn something from Director Choi Min-hyeok.

It opened my eyes to investing.

However, he did not rush things.

I contacted and met with Manager Im Kwon-soo, who had just transferred to Oseong Electronics.

Director Im Kwon-soo originally had no intention of meeting Senior Director Kim Hyeon-woo, but he met with Planning Director Kwon Tae-seong at his advice to check on his current status.

To be honest, Planning Director Kwon Tae-seong was also worried that Senior Vice President Kim Hyeon-woo would cause an accident.

“…How are you?”

“No, I can’t do well. There was something I did at Oseong Electronics…”

“I regret that.”

“No. You think it went well? It must have been a total bummer.”

In fact, Senior Vice President Kim Hyeon-woo’s life at Oseong Electronics was so bad that even Don Quixote would have thought, “Get out of here.”

No one liked seeing that piece of crap.

Chief Im Kwon-soo looked at me with eyes full of concern.

Senior Vice President Kim Hyeon-woo chuckled.

“I moved to Salomon Brothers.”

“yes?!”

Manager Im Kwon-soo was shocked. He thought that it would be difficult for Senior Manager Kim Hyeon-woo to transfer because of the reputation he had built at Oseong Electronics.

But Salomon Brothers?

“Are you surprised?”

“Oh, a little.”

“Why did you think that because of what you did at Ohsung Electronics, other companies wouldn’t hire you? Or did you think that Ohsung Group was leaking information to the HR departments of other large companies, making it difficult for you to get a job?”

“That’s a bit…”