The 3th Generation of the Chaebol Wants to Live Quietly - Chapter 1146



Only Noblemtl

1146.

“We do charge a management fee. It wasn’t given away for free. The ownership is strictly with KM Electronics, or rather, with Belin Investment.”

“Did Belin Investments buy that building?”

“Yes. There was a lot of talk about buying land in Pangyo, right? And the building was bought at the same time. Oh, and there’s talk that he bought more recently.”

“… How much more did you buy?”

“That’s not certain. But there is talk that there was a lot of damage.”

Chairman Choi Yong-wook frowned at the news that land prices and real estate were falling.

He entered the building while thinking deeply about Director Jang Seung-il’s words.

Of course, there were those who recognized him.

Everyone bowed their backs.

It was a reflexive action.

“… … .”

Chairman Choi Yong-wook felt some unfavorable gaze from them. Although he is the chairman of KM Group, he is the one who forced the restructuring of affiliates.

If you think about it, they came here because of you.

He was going to go up and meet the person in charge, but changed his destination to the cafeteria.

“Let’s eat first.”

Of course, it wasn’t just about eating.

The purpose was to guess what Director Choi Min-hyeok was doing through the cafeteria.

***

The cafeteria at KM Electronics’ training center was so well-equipped that I couldn’t help but admire it.

The story is that there were almost no empty seats.

Luckily, there wasn’t much time left until lunch time so there were some seats available.

Chairman Choi Yong-wook glanced at his employees while putting food on their plates.

Everyone was startled and greeted me.

But their expressions soon changed to a bad one.

It’s just that I don’t express it in words.

Chairman Choi Yong-wook sat down in the empty seat while receiving a sharp gaze.

Director Jang Seung-il and his attendants were no exception.

“… I feel like I’ve become a villain.”

“… I guess it’s because there are repercussions from the restructuring.”

“That’s right. There are probably a lot of friends who have grudges.”

It was only then that he realized why his grandson, Director Choi Min-hyeok, was so sensitive about this matter.

At first glance, it may not seem like an important matter, but it wasn’t.

Moreover, Vice Chairman Choi Moon-kyung was intentionally raising this issue.

‘Ha, that guy did something he doesn’t usually do to make things like this.’

The restructuring was not due to KM Group’s finances being at risk.

Rather, the KM Group did well.

It was a reorganization of unnecessary affiliates in order to do better.

In the end, the affiliated company employees were struck by a bolt from the blue.

It would be fortunate if you transferred to another company.

Those who did not had to worry about their livelihood immediately.

So, all the mid-level managers criticized Chairman Choi Yong-wook.

And Chairman Choi Yong-wook felt that atmosphere.

“Ha, come to think of it, I resent that guy Minhyuk. I do all the work and get scolded all the time.”

“… … .”

Director Jang Seung-il didn’t say anything because he was in charge of the restructuring. In fact, he did his best for the employees who had nowhere to go.

However, it is not known whether that effort was truly the best.

Chairman Choi Yong-wook did not stumble over this any further because he also had responsibility.

“… But surprisingly, there seem to be a lot of people.”

Some people were eating, while others were just having a snack.

Of course, the snacks weren’t free.

But the interior of the cafeteria here was just killer.

Because the atmosphere was just like that of a luxury hotel.

Ultimately, after a hotel-quality meal, you can enjoy your time in a first-class hotel atmosphere.

Even in one corner, a grand piano was being played.

The music was real too.

They brought in real musicians.

Chairman Choi Yong-wook also stuck out his tongue at this atmosphere. He seemed to know why Vice Chairman Choi Moon-kyung was making such a fuss. It was none other than jealousy.

“… I think even a large corporation would have a hard time with this kind of production. Especially since the other party was a target of restructuring. But on the other hand, they deserve this kind of treatment. After all, they sacrificed themselves for our KM Group.”

In that respect, I was impressed by my grandson, Director Choi Min-hyeok.

How to respond to Senior Vice President Kim Hyeon-woo’s attack.

But that didn’t seem to be all.

“… … .”

Director Jang Seung-il couldn’t bring himself to open his mouth. What Director Choi Min-hyeok did was to give proper treatment to those who worked hard for the company.

Strictly speaking, they are innocent.

If there is any real fault, it is the management.

It was Director Jang Seung-il himself who gave guidelines to the management.

However, the person who gave that order was the KM Group executives.

For example, Vice President Choi Moon-kyung.

Chairman Choi Yong-wook must have had similar thoughts as he chose the person with the brightest eyes among those passing by.

“Honey, can I talk to you for a minute?”

Only then did Vice President Yoo Jin-sik come to his senses in shock and bow his waist. The person in front of him was Chairman Choi Yong-wook himself.

“Hello, Chairman, ah, hello.”

“There’s no need to be so nervous. Let others do their business.”

Manager Yoo Jin-sik signaled to the other team members with his hand. They all greeted Chairman Choi Yong-wook, but their faces looked displeased.

***

Vice President Yoo Jin-sik had no choice but to keep an eye on Chairman Choi Yong-wook.

Although he also had a negative perception of Chairman Choi Yong-wook, he could not show it.

The person who created this environment is Director Choi Min-hyeok, the grandson of Chairman Choi Yong-wook.

Fortunately, Chairman Choi Yong-wook did not act like an old man.

“I’m sorry. Actually, this is something I should be doing, but someone else is doing it.”

“Oh, no. Rather, we feel embarrassed that we are being treated like this.”

“That’s not true. You said you were at Optis, right? The reason Optis failed was because the group headquarters gave orders that were more like desk-bound theories.”

“… Oh, no.”

“No, I don’t know. I checked it myself, so don’t say such things. But it may sound like an excuse, but I couldn’t help it. I’ve come too far to start over.”

That’s right.

Even though Optisman could sell the optical field, it was not easy.

If you are starting a new business, it would be much better to create a separate subsidiary.

Although it was a good policy to embrace existing employees, the alternative was not easy.

Vice President Yoo Jin-sik was simply grateful to Chairman Choi Yong-wook for having such a mindset. He also had some complaints, but he did not express them.

Because when you do business, things can go wrong.

Don’t give up.

What Director Choi Min-hyeok said was related to this.

“But we can’t ignore our responsibility either. If we had tried our best to the end, things might have been different. I don’t blame KM Group for that. We’ll start over again.”

Chief Eugene Sik’s voice did not contain any strong will.

He simply insisted that he would finish what he had to do.

“… … .”

Chairman Choi Yong-wook stared blankly at Manager Yoo Jin-sik and stuck out his tongue.

It was only then that he realized that Manager Yoo Jin-sik was a pretty good person.

He was the one who cut off such talent under the pretext of restructuring.

I was once again amazed by the abilities of my grandson, Director Choi Min-hyeok.

‘Minhyuk, this guy is really amazing.’

***

After meeting with Vice President Yoo Jin-sik, Chairman Choi Yong-wook also met with his grandson, Director Choi Min-hyeok.

He looked at his grandson Choi Min-hyeok’s face for a moment.

There was a lot to say, but the person who came to mind was Manager Yoo Jin-sik.

The most important thing in management is not capital or technology.

It was a greeting.

In that respect, grandson Choi Min-hyeok’s personnel evaluation is 300 points.

So I had nothing to say.

Rather, he told a different story.

“There’s been a lot of talk these days about selling the Plims and Collins divisions. Is that just a distraction?”

“yes?”

Director Choi Min-hyeok looked bewildered. That wasn’t the purpose of the KM Electronic Education Center. However, he belatedly remembered one fact.

That’s what I’m trying to do using the KM Electronic Education Center.

Creating an app ecosystem.

In fact, this was work that had already been outsourced to 20 companies before.

But when the Plims Plan came out, that plan was also distorted.

This project was postponed due to delays in mass production of small IPS-LCDs.

The irony is that the company that outsourced the work at that time was the one that did it.

When they judged the situation to be difficult, they handed over the development results to KM Electronics.

It was judged to be impossible.

Director Choi Min-hyeok did not stop them from giving up.

He also thought that it would take time to create an app ecosystem environment.

However, it was difficult to manage the source code developed at that time.

Because it’s an app that’s going to be a huge hit in the future.

Unfortunately, the hardware environment is poor at the moment, so the results are not good.

Director Minhyeok Choi was considering a plan to create an app ecosystem using that source.

‘Because we also have to sell the development platform there.’

The development platform is also expensive. It costs tens of millions of won per license. But more importantly, the royalties received for the OS developed are more important.

Because I’m thinking about 20,000 won per piece.

Director Choi Min-hyeok looked at Chairman Choi Yong-wook, wondering if he had noticed this.

Chairman Choi Yong-wook glared at him with his eyes wide open and let out a sigh. He too was suspicious that his grandson, Director Choi Min-hyeok, would think differently by stealing the victims of the KM Group restructuring.

If that’s true, then it’s crossing the line.

“…What do you plan to do?”

“I’m just thinking about it.”

“It’s not that I did well. But are you trying to scout out the good people among the KM Group’s restructuring targets and make them successful as if you were trying to show them off? Our KM Group did something in vain. Even if you intended to screw over the Vice Chairman, isn’t that too much?!”

Director Choi Min-hyeok was shocked by Chairman Choi Yong-wook’s misunderstanding. He had never thought that he would think that way, but Vice Chairman Choi Moon-kyung’s discord was beyond imagination.

“… That’s not my intention.”

“I’m saying this because it seems like that’s your intention. Why didn’t you tell me in advance? If it was for security reasons, you could have conveyed it through Director Jang!!”

Director Jang Seung-il averted his gaze.

Director Choi Min-hyeok stuck out his tongue.

“Actually, from the beginning, it was started with the intention of helping victims of restructuring. There was no other intention. In reality, we can’t invite them and have them play.”

“So you’re going to use the KM Electronic Education Center for retraining? There are over 200 people here, how are you going to afford the labor costs?!”

Only then did Director Choi Min-hyeok put strength into his shoulders.

“I’ll tell you again, but it just happened that way. I didn’t like my name being mentioned behind the restructuring of the KM Group. And I didn’t want to be caught up in this with Vice Chairman Choi Moon-kyung.”

Only then did Chairman Choi Yong-wook look at his grandson, Director Choi Min-hyeok.

The reason he spoke so harshly was because I thought it might have something to do with conspiracy theories. But judging from Director Choi Min-hyeok’s attitude, it didn’t seem to be the case.

No, that couldn’t be possible.

In fact, just bearing the burden of labor costs is a one-sided loss.

“… If there was a misunderstanding, I apologize.”

Director Choi Min-hyeok snickered. He wasn’t even angry because he had experienced so many things like this in his past life. Instead, he was impressed by Senior Vice President Kim Hyeon-woo’s actions.

‘You’re still like this? Do you think I’m that funny?’

“There is no need to do that.”

Chairman Choi Yong-wook glanced around the center director’s office and sighed.

“I don’t know if it’s worth it. But the evaluation itself is good, so I can’t say anything. I’ll help in any way I can. If necessary, I’ll provide information to the restructuring targets.”

“…thank you.”

Director Choi Min-hyeok simply bowed his head to Chairman Choi Yong-wook’s attitude.

He didn’t bother to go into more detail. In fact, the environment here was related to important work he had to do in the future.

Moreover, these were the right people. But in order to select them, something like the KM restructuring was necessary. Thinking back now, that’s true.

‘That conspiracy theory isn’t entirely wrong. I think we should try a new plan. It seems like Director Choi Byeong-yeon prepared something in advance.’