The 3th Generation of the Chaebol Wants to Live Quietly - Chapter 1129



Only Noblemtl

1129.

Manager Im Kwon-soo was flustered and sweating profusely. He could not have imagined that Senior Manager Kim Hyeon-woo would be reemployed. And at an investment company.

“Um, let’s sort that out now. That’s not why I asked you to meet me.”

“Then what happened….”

“I understand that the acquisition of the Collins division has been confirmed. However, I understand that they are concerned about the $6 billion funding issue. So, can’t the acquisition of the Collins division be delayed a little for that funding reason?”

“Yes? That’s a bit difficult. It’s something the chairman has already decided.”

“No. What I mean is, can’t we buy time under the pretext of raising $6 billion? That’s a matter that can be decided to some extent by the working-level staff.”

In short, there was no action taken on the Collins contract itself.

Because we’re just trying to kill time.

“…Even if that’s true, what benefit would that have?”

Senior Vice President Kim Hyeon-woo spoke in a cold tone.

“It won’t hurt. There are many ways to profit from that cause.”

In fact, the payment date could have been adjusted at any time, using the $6 billion size as an excuse.

You can extract as much profit as possible from the process.

Even though the cost may seem small, it was not small.

I mean, financial costs. Chairman Ahn Geon-min also took that into consideration and had a hard time making decisions, but he changed his mind after seeing Director Choi Min-hyeok’s attitude.

In fact, Oseong Electronics can negotiate with Director Choi Min-hyeok what it wants.

For example, securing shares in Plims.

If you use it well, the price of the flings shares can be negotiated.

Director Im Kwon-soo asked the question while thinking about the maximum benefits he could secure.

“Let’s say that’s true. But is there really a need for us to do something like that…….”

“HY Automobile will think differently. In particular, it will try to secure autonomous driving technology internally.”

“But that would be difficult. Executive Director Park Yong-hyeok knows Director Choi Min-hyeok well, so he wouldn’t do something so dangerous…”

“I’m sure you know Executive Director Park Yong-hyeok. But other people may think differently. Even HY Motors Chairman Park Se-jun doesn’t like Executive Director Park Yong-hyeok.”

Chief Im Kwon-soo was startled. It was a fact that he had overlooked.

‘Wait, why did I think HY Automobile would just follow Director Choi Min-hyeok’s suggestion?’

Because that’s what the Ohseong Group did.

However, the HY group was quite different from the Oseong group.

First of all, there were many children.

Because of that, each affiliate company’s thinking is completely different.

Then problems could arise.

If Senior Vice President Kim Hyun-woo were to personally get involved in the matter, it would definitely be a problem. If it were Senior Vice President Kim Hyun-woo alone, there would be limitations, but with Salomon Brothers behind him, it would be a problem.

‘This is really great.’

“…Um, what should I do?”

“Please buy as much time as possible with the $6 billion in payment to Collins Division. After all, the work itself will be beneficial to Oseong Electronics.”

“…It’s not my place to decide.”

“That’s right. Talk to Planning Director Kwon Tae-seong carefully. There’s no need to object to it.”

“…All right.”

Manager Im Kwon-soo inwardly clicked his tongue at Senior Manager Kim Hyeon-woo’s suggestion.

‘I can’t believe you thought of such a thing. There was a reason why Director Kwon Tae-seong gave special privileges to Senior Vice President Kim Hyeon-woo.’

Senior Vice President Kim Hyeon-woo has not yet shown any intention of revenge against Director Choi Min-hyeok.

After moving to Oseong Electronics, he simply adapted to organizational life.

However, it was unusual in that it established its own independent business division.

But I had no choice but to do it this way.

Because Director Choi Min-hyeok is always watching.

As time went by, he saw that Director Choi Min-hyeok’s influence was growing, so he silently gathered information and tried to gain the approval of President Choi Du-jin.

Indeed, such efforts worked.

Because we received financial support from CEO Choi Du-jin.

I thought that Oseong Electronics’ stock price would soar, but the result was different.

It wasn’t CEO Choi Min-hyeok’s intention, but that’s how stocks are.

Things went differently than expected.

Senior Vice President Kim Hyeon-woo thought that he could just lie down flat until this point.

But Director Choi Min-hyeok had a different idea. He was the one who stubbornly kept going.

‘Damn, that was as expected.’

After being fired from Oseong Electronics, Senior Vice President Kim Hyun-woo agonized over and over again. He realized that no matter how much he cosplayed as a victim, Director Choi Min-hyeok would not believe it.

He eventually decided to change his strategy.

The most important thing right now is to delay O Sung Electronics’ acquisition of Collins’ business unit as much as possible.

However, it was not easy to proceed with the work since Chairman Ahn Geon-min had already made the final decision.

So, I just dropped some bait through Planning Director Kwon Tae-seong.

Senior Vice President Kim Hyeon-woo thought that this was a good place to start.

He transferred several of his close associates, including Manager Cheon Seon-gu, to the Korean branch of Salomon Brothers.

Most of them were taken aback by the word investment company, but they did not refuse.

Because of what I did at Oseong Electronics, I was rejected from every company I interviewed for.

“But why are you here?”

It was Yongsan Shopping Center. There were a lot of people coming and going, and especially the cellular phone store was always full of people. They were there to buy cellular phones.

Senior Vice President Kim Hyeon-woo entered a dealership and checked the situation.

“There are rumors that the number of cellular subscribers will exceed 6 million next year.”

“That’s a lot. My wife was begging me to buy her the latest cellular model, so why are you suddenly bringing that up?”

“Are you really saying this because you don’t know?”

“yes?”

“The city phone business is in chaos because of the huge success of cellular phones. Some companies are even considering returning their business licenses. Some companies have already done so.”

“Suddenly the city phone…”

“How can you say something like that knowing the KD communications situation? It was Director Choi Min-hyeok who sold the original technology for the city phone, no, the IP city phone, at a high price!”

“ah.”

Only then did Chief Cheon Seon-gu recall the past memory. It was something that had caused chaos for a while. It was something he had forgotten because it had nothing to do with him.

Only then did he look at the customers entering the cell phone store.

The heat was extremely hot.

There was also talk of a new cell phone.

[I hesitate to recommend LC Electronics phones because they have so many defects.]

[Isn’t the Oseong Electronics phone better?]

(It also varies slightly from model to model.)

The cellular dealer was spitting out a variety of models, including a Sony model.

The guests were also delighted.

Senior Vice President Kim Hyeon-woo grumbled as he blankly watched the scene.

“The peak was when Director Choi Min-hyeok reorganized the IP City Phone business. The same goes for the TRS business. If we hadn’t reorganized it then, the deficit would have been significant. No, if we had invested more, the deficit would have been astronomical. Just like HY Electronics is now.”

Manager Cheon Seon-gu swallowed dryly as he recalled the forgotten memory.

“…Do you think that Director Choi Min-hyeok anticipated this situation and carried out this act?”

“Oh. Those companies must be in chaos right now. Don’t you feel anything when you see this?”

“Yes? Are you talking about the new Plims corporation that Director Choi Min-hyeok is currently working on?”

“What do you think? Do you think that business will be successful?”

“well.”

Manager Cheon Seon-gu couldn’t jump to conclusions when he recalled the current state of IP city phones and cellular phones. This was especially true when he compared the astronomical deficits of cellular dealers and KD Communications.

Senior Vice President Kim Hyeon-woo also let out a sigh.

“Whew, Director Choi Min-hyeok is a truly devilish person. So there must be another way to establish the Plims Corporation. The reason I think so is simple. The technical standards haven’t been finalized yet.”

“Well, that’s really strange.”

“We have to assume that Director Choi Min-hyeok is trying to use another trick.”

Director Choi Min-hyeok also felt that the atmosphere in the cellular market has changed compared to before.

It didn’t matter whether there were 5 or 6 million cell phone users.

There is talk that the number of users will exceed 15 million in three years.

The story that came out along with this atmosphere was ETRI’s royalty income.

It was different from the situation in Director Choi Min-hyeok’s previous life where he did not receive proper royalties.

Since Director Choi Min-hyeok got involved, the royalty income has skyrocketed.

Naturally, the talk turned to Qualcomm.

Then, the next story was about Director Choi Min-hyeok’s 40% stake in Qualcomm.

At that time, Director Choi Min-hyeok bought the shares at a really cheap price, because the current value of Qualcomm’s shares was unimaginable.

[There is talk of a new corporation called Plims these days. Is the extraordinary value of its shares due to Qualcomm’s success?]

[It is difficult to see it as just that reason. There are various specific achievements related to Plims, little by little. There is even talk that KM Industries increased production because of this Plims-related chip.]

[If it’s Plims, the story is just starting to come out, but is that possible? Even Bong-i Kim Seon-dal wouldn’t have been able to do that.]

[That’s right. That’s why there was a lot of talk. But all the businesses that Director Choi Min-hyeok did were successful. Except for IP City Phone. KD Telecom, which acquired the business rights, is currently struggling with huge deficits.]

Director Choi Min-hyeok also occasionally laughed while watching the current affairs news.

Because it’s going the way he wanted it to.

However, the news panel did not mention the situation in China.

Because the situation in China is more serious than we think.

The biggest problem is the Chinese companies that saw the value of IP City Phone and invested in it.

Behind these are the Chinese Communist Party, which has suffered astronomical losses.

“…No more news from China?”

Team leader Jo Seong-don clicked his tongue.

“It seems like the Chinese Communist Party is censoring. I think the loss is greater than expected.”

“Can’t you check the KD communication side?”

“Yes. It seems like they are rather nervous. They might get stuck in the swamp called China and not be able to get out. That’s one thing, but I think they are worried about retaliation.’

“Ah, revenge.”

Director Choi Min-hyeok ended up laughing so hard that his Adam’s apple was visible. The leading force was the DL Group. Their capital was also heavily intertwined with China.

If the Chinese Communist Party did something crazy, the losses would be astronomical.

However, Director Choi Min-hyeok also clicked his tongue when he saw Senior Vice President Kim Hyeon-woo’s Yongsan photo. He couldn’t help but know what Senior Vice President Kim Hyeon-woo was doing.

“You met Chief Im Kwon-soo?”

“Yes. We are still checking what was discussed in between.”

“Are you looking into my past?”

“Yes. It seems like they are looking into all the business related to Director Choi Min-hyeok. The same goes for KD Communications. I believe they met President Kim Hyeon-tak in person.”

The fact that the senior manager met the president had a special meaning.

That means the opponent has lowered his body.

Even if he were the president of KD Communications, that would be impossible.

And if there is a reason for that, it is because of Director Choi Min-hyeok himself.

“…It really bothers me.”

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

“President Kim Hyun-tak is no fool. He must be gnashing his teeth about Director Choi Min-hyeok by now. He can’t refuse to meet with Senior Vice President Kim Hyun-woo.”

“Is that so? I think that Chief Vice President Kim Hyun-woo responded in a needlessly clumsy manner. Well, it’s not too late. What are the results of the investigation?”

“…I’m sorry. It seems that Director Kwon Tae-seong prepared in advance for something like this. The company related to Senior Vice President Kim Hyeon-woo’s criminal activities has already increased the scale of its transactions with Oseong Electronics, so I will not answer about past events at all.”

“Really? That’s too bad.”

I just felt regretful that I couldn’t handle it cleanly this time.

“Oh, how’s the anime drone going these days? I heard there are some visible results… ”

“Dr. Lee Ji-soo said he had something to show you.”

“Then let’s talk about it.”

The development of unmanned aircraft was difficult to disclose to the public because the U.S. Department of Defense had a stake in it. So the alternative that emerged was the mini drone.