The 3th Generation of the Chaebol Wants to Live Quietly - Chapter 1137



Only Noblemtl

1137.

Senior Vice President Kim Hyeon-woo expressed his delight at the fact that his proposal was passed, even though it took time.

It was not difficult to obtain funding from Executive Director Choi Hoon-yeol.

The funds are approximately 20 billion.

Including the funds he already had, it was a little over 30 billion.

Senior Vice President Kim Hyun-woo, of course, was not relieved. He was certain that the time had finally come to meet Vice President Choi Moon-kyung.

“What is the atmosphere of the KM industry these days?”

Manager Cheon Seon-gu stuck out his tongue.

“It looks like they are going crazy with the amount of water pouring in.”

“Really? What exactly is going on? No, that’s strange. It could be because of the semiconductor price crash, right?”

“That’s the case with the domestic semiconductor market. But the foreign market is a bit different.”

“Look into it. I need to figure out the situation before meeting Vice President Choi Moon-kyung.”

“…All right.”

***

Vice Chairman Choi Moon-kyung felt fear after seeing Director Choi Min-hyeok’s actions.

He watched the movements of his nephew, Director Choi Min-hyeok, from a different perspective than before.

The biggest thing is that the MP3 player market has really taken off.

The person who benefited the most from this was Director Choi Min-hyeok.

This statement proves that the ongoing Plims, Ani autonomous driving, and Ani platform are not just empty echoes.

Vice Chairman Choi Moon-kyung was even more relieved to see that Salomon Brothers was continuing to dig deep.

It wasn’t that he was incompetent until now, but that his nephew, Director Choi Min-hyeok, was truly amazing.

It’s a kind of self-rationalization, though.

He just watched the conflict between the two with his popcorn in front of him.

But that couldn’t be done.

LC, Oseong, and HY Electronics have been practicing reduction management, but now the situation has changed.

The multinational semiconductor event is now moving in the opposite direction. Companies like Intel, Toshiba, Siemens, and TI will increase production as assembly volumes increase.

Moreover, due to the conflict with Director Choi Min-hyeok, KM Industry continued to improve efficiency through selection and concentration.

Quality will go up and prices will go down.

So the orders started pouring in like crazy.

Even though we continued to expand our factories in the Philippines as well as domestically, we were unable to meet orders.

Vice Chairman Choi Moon-kyung ran around like crazy on behalf of Chairman Choi Yong-wook.

He didn’t have time to look into Director Choi Min-hyeok’s work.

After barely managing to summon up the tough schedule, I returned home and let out a sigh of relief.

“Isn’t this a good thing?”

Secretary Kwon Jae-hong’s face was filled with a smile.

“That’s a good thing. The continuous influx of orders is not a temporary phenomenon. It’s because our quality has been recognized.”

“Is that so? But I’ve never done that.”

Secretary Kwon Jae-hong shuddered. He also didn’t do this because he wanted to. It was something that happened naturally as he eliminated the number of cases where he would be attacked by Director Choi Min-hyeok.

Moreover, the same goes for sales issues.

Companies like Intel and Toshiba would not seek out the KM industry without a reason.

Because a portion of KM Industries’ shares were owned by Director Choi Min-hyeok.

In the end, it was a sales pitch to look good to Director Choi Min-hyeok.

“Of course, we cannot ignore the influence of Director Choi Min-hyeok. However, it is also because he commercialized the new BGA packaging technology. That was done solely by our KM Industry.”

“Yes. We also developed the technology.”

However, Vice Chairman Choi Moon-kyung’s complexion could not have been good. If he thought that this was all thanks to Director Choi Min-hyeok, he would feel miserable.

So he wanted to talk about Director Choi Min-hyeok’s movements.

But there was no need to do that.

A guest had arrived.

It was none other than Senior Manager Kim Hyeon-woo.

“Vice Chairman, it’s been a while.”

“Oh, Director Kim, yeah, it’s been a while.”

Vice Chairman Choi Moon-kyung looked at Senior Vice President Kim Hyeon-woo with a puzzled look, wondering why he had no reason to come looking for her, and then stuck out her tongue after accepting the business card he handed her.

“… Did you happen to join the Korean branch of Salomon Brothers?”

“Yes. I mainly deal with domestic investments. You can think of new investments as my responsibility.”

“… Amazing.”

He was really surprised. He actually dealt with Executive Director Choi Hoon-yeol, so he didn’t know Senior Vice President Kim Hyeon-woo, who was under him. He just had a passing acquaintance with him.

In fact, it is still the same now.

I was just dumbfounded.

But that couldn’t be done.

“… Hoon-yeol is preparing a special pardon?”

“Yes. It seems like things are going positively.”

It was not Senior Vice President Kim Hyun-woo’s personal opinion. Executive Director Choi Hoon-yeol is on the opposite side of Director Choi Min-hyeok. If he comes out into the world, he can keep Director Choi Min-hyeok in check.

From the perspective of the anti-Choi Min-hyeok faction, it wasn’t a bad thing.

Senior Vice President Kim Hyeon-woo sensed the mood, but did not say anything.

“I hope you will help me a lot in the future. I will also do my best to help you.”

“… Are you talking about Choi Min-hyeok?”

“Yes. To be honest, I would be lying if I said I didn’t have any grudge against Director Choi Min-hyeok. My current position here is an extension of that. And as Vice Chairman Choi Moon-kyung, I am the most trustworthy.”

“Hmm.”

Vice Chairman Choi Moon-kyung was unable to say anything. However, he did not think that what Senior Vice President Kim Hyeon-woo said was wrong.

In relation to his nephew, Director Choi Min-hyeok, the most trustworthy person in the world was Senior Vice President Kim Hyeon-woo.

Moreover, the special pardon of Executive Director Choi Hoon-yeol was also like that.

Because I didn’t dare to try it.

‘Besides, there was no reason to do that.’

“…Thank you. However, it seems like the problem with President Choi Du-jin has not been resolved.”

“I’ve given up on that. I plan to stand on my own two feet now.”

“Okay. I understand. Hmm, I’ll be counting on you in the future.”

Vice Chairman Choi Moon-kyung shook his head as he held Senior Vice President Kim Hyeon-woo’s hand.

When he thought about it, it was a good card. That’s because Senior Vice President Kim Hyeon-woo is that persistent and greedy.

‘If Minhyuk keeps nagging at that guy, it won’t be so bad.’

***

When Vice Chairman Choi Moon-kyung heard the news of the special pardon for Executive Director Choi Hoon-yeol, he first checked it out.

But it was true.

The special pardon was progressing faster than expected.

This was evidence that there were many people within the government who disliked Director Choi Min-hyeok.

He immediately reported this news to Kim Yeo-jeong, the wife of Executive Director Choi Hoon-yeol.

Kim Yo-jong was truly grateful and shed tears. No, she didn’t stay still. She went straight to see Chairman Choi Yong-wook, not Vice Chairman Choi Moon-kyung.

Vice Chairman Choi Moon-kyung did not reveal who did what, so Kim Yo-jong assumed that Chairman Choi Yong-wook made the final decision.

Chairman Choi Yong-wook was already smiling at the rapid increase in KM Industry’s sales when he received a visit from Kim Yeo-jeong.

The eldest son, Choi Min-soo, also said the same thing.

“Sob sob sob, thank you, Father.”

“… … ?”

It was a truly unexpected situation for Chairman Choi Yong-wook. He had been enjoying the KM industry boom, but ended up frowning for no reason.

“What’s going on?”

“There’s a story that he was given a special pardon. That’s because his father exerted his power?”

“… … ?”

Chairman Choi Yong-wook frowned at the story that was even more difficult to understand.

Fortunately, Director Jang Seung-il came to report and checked the information.

But it was true.

Director Jang Seung-il whispered in Chairman Choi Yong-wook’s ear.

-It seems like Senior Vice President Kim Hyeon-woo has put in a lot of effort.

-what?

-I’m currently looking into the details. It’ll probably take some time.

-Hmm.

Chairman Choi Yong-wook could not reveal the truth while looking at Kim Yo-jong’s face, which was still shedding tears.

He decided that this would not be good for Director Choi Min-hyeok.

The first thing Executive Director Choi Hoon-yeol will do when he comes out will be to check Director Choi Min-hyeok.

‘Surely you won’t go back to KM Electronics?’

That would be tough.

Most of the KM Electronics stocks were owned by Director Choi Min-hyeok, and the remaining majority of major shareholders supported Director Choi Min-hyeok. This was because of the development of KM Electronics.

There is just one thing that worries me.

‘The sale of the Collins division is the problem.’

The Collins business is a golden egg business.

In fact, there were some shareholders who were negative about the sale of the Collins division.

Even if the sale price of the Collins division were $6 billion.

This is because KM Electronics does not yet have a business with significant sales volume.

Chairman Choi Yong-wook felt frustrated because he couldn’t reveal his true feelings.

Kim Yo-jong just kept talking about general things and eventually left.

Chairman Choi Yong-wook asked again.

“Chief Manager Kim Hyun-woo? That guy is at Oseong Electronics… … ”

“It has been confirmed that he has moved from Oseong Electronics to Salomon Brothers.”

“under.”

He was momentarily dumbfounded and couldn’t open his mouth. Just in case, he checked with CEO Choi Du-jin.

But the answer was a masterpiece.

[He is not my child!]

“… … .”

Chairman Choi Yong-wook closed his mouth with a bitter expression. He could fully understand President Choi Du-jin’s answer. That’s because his children are like that.

Moreover, it was a headache just for Executive Director Choi Hoon-yeol to come out into the world.

“… Bring all the information on Senior Vice President Kim Hyeon-woo and Executive Director Choi Hoon-yeol.”

“…All right.”

***

Senior Vice President Kim Hyun-woo smiled as he introduced himself to Vice President Choi Moon-kyung. He thought he had finished setting up the environment to respond to Director Choi Min-hyeok.

He monitored the movements of Director Choi Min-hyeok while learning about the short selling information of Apple within Salomon Brothers.

“where?”

Chief Cheon Seon-gu also stuck out his tongue while checking the detailed information.

“I heard that you were invited to the additional factory of Sehan Information.”

“Detailed information? That has nothing to do with Director Choi Min-hyeok, right?”

“It’s relevant. The newly expanded factory will be producing MP3 players.”

That’s right.

Although it was a bit different from Director Choi Min-hyeok’s previous life, Sehan Information had begun mass production of MP3 players for export purposes.

“… royalty?”

“Yes. Just by taking pictures of MP3 players, an average of 10,000 won goes into Director Choi Min-hyeok’s wallet. It’s like eating it up every day.”

MP3 royalties vary depending on the company, but on average they are around 10,000 won.

Every time an MP3 player is produced, money piles up in CEO Choi Min-hyeok’s wallet.

Actually, it was a good start.

If we hadn’t received royalties from the beginning, this wouldn’t have happened.

However, thanks to Director Choi Min-hyeok stepping forward and making threats, the royalty payment structure was set.

To be exact, he made a gangster-style threat by putting Sizbel forward.

They went directly to the company and blatantly pressured it by sending a lawyer.

So the company had to sign a royalty contract because it was afraid of Sizbel, not Director Choi Min-hyeok.

Senior Vice President Kim Hyun-woo stuck out his tongue. He thought he had to hurry up. Most of what Director Choi Min-hyeok did had a clear profit structure.

“Look again at the Apple short selling situation. In particular, investigate Steven. If he is related to Director Choi Min-hyeok, information will come out there.”

“…All right.”

“Don’t neglect the details. There may be variables there.”

“…yes.”

Even after answering, Manager Cheon Seon-gu focused on the report. He also knew that Director Choi Min-hyeok’s ability was great. However, he was only able to be impressed when he saw the profit structure in person.

There was just one thing I was worried about.

‘This kind of person is the enemy.’

***

Sehan Information’s Chief of Staff, Moon-Won Ahn, continued to approach Director Min-Hyeok Choi.

When this method didn’t work, he also used Chief Choi Young-ran.

He chased after me really persistently.

Chief Choi Young-ran also once thought that he was interested in her.

But that wasn’t the case.

It wasn’t a woman’s problem.

The reason was royalties.

This was because even if a short-term contract was made, a long-term contract was difficult.

Even if you sign a contract, changes will occur.

Ultimately, royalty adjustments are necessary.

He ended up having to rack his brain over this scheduling issue.

Director Choi Min-hyeok’s position remained the same.

[Negotiate with Sisbel.]