The 3th Generation of the Chaebol Wants to Live Quietly - Chapter 206



Only Noblemtl

#206.

Vice President Moon Hyung-seop was also seriously thinking about how much MP3s would be sold in the future. If they took over the cassette player market… … . He couldn’t even imagine how much that would be.

“… What do you plan to do from now on?”

“I plan to confidently stand up to the chairman.”

“Is there anything I can help you with?”

“Please just direct traffic in the middle so that nothing untoward happens to the chairman.”

“… I see. Director Lee Il-tae… … No. Let’s end today’s board meeting here.”

Choi Min-hyeok glanced at the shocked executive director Won Jong-sang. In fact, it doesn’t matter now if information related to MP3 leaks out.

‘If you watch Executive Director Won Jong-sang through this incident, you’ll know. He’s not as incompetent as Director Lee Il-tae, and he’s not someone who only cares about his own greed like Managing Director Kim Hyeon-woo.’

* * *

Lakewood Golf Course in Yangju-si, Gyeonggi-do was designed by David Dale, who is considered one of the world’s best designers.

This golf course has been so well-received that it has occasionally hosted major US tournaments.

The mountain paths, forest paths, and water paths are well-distinct throughout the 36 holes. It is a natural landscape that is hard to find in the city.

Chairman Choi Yong-wook was concentrating on his swing while sweating profusely.

The golf coach who accompanied me pointed out my posture several times.

“Chairman, I’ll say it again, it’s not good to use too much force. The power should be applied naturally to the swing through the rotation of the waist. If you just focus on that, you won’t strain your body.”

“Pro Choi, I’m getting older and it’s not working out so well for me.”

When Chairman Choi Yong-wook saw President Oh Young-geun, who suddenly contacted him and came to visit, he handed over the golf clubs to Director Jang Seung-il, who was accompanying him.

The golf coach also took a step back.

Chairman Choi Yong-wook took a gulp of cool water and glanced at President Oh Young-geun.

I confessed my feelings while drunk yesterday, but I don’t regret it. But it was strange that President Oh Young-geun had already come to see me.

President Oh Young-geun confessed his concerns before coming here.

“I definitely felt this through yesterday’s board meeting, but it was Director Choi Min-hyeok who increased the value of KM Electronics. Considering that, the Chairman’s donation of shares was not excessive.”

“… … ?”

Chairman Choi Yong-wook tilted his head at President Oh Young-geun’s unexpected words. Even though he was a founding member, he had never spoken to him in this way.

Director Jang Seung-il was very nervous and focused on President Oh Young-geun’s words. He was planning to cut him off in the middle if he said anything that might provoke Chairman Choi Yong-wook.

But President Oh Young-geun had already made up his mind.

“Of course I know that the stake value is too large and that it is a problem… … .”

“Hehe, Mr. Oh, you seem to be quite concerned about this matter. Judging from the fact that you brought it up so hastily. But I’m not that petty. If it had been 6%, or even 10%, I wouldn’t have said anything. But the stake I donated is just under 40%. Of course, I know that the company’s value is high because of Minhyuk’s performance. The current state of KM Electronics is not much different from investing in a venture and hitting the jackpot.”

Normally, when you invest in a venture, you don’t hand over all of your shares. If it hits the jackpot, the investor also benefits.

If you look at it from that perspective, Chairman Choi Yong-wook should have kept a portion of the shares, but the problem was that he handed over all of the shares to Choi Min-hyeok.

“But as far as I know, Director Choi initially tried to buy the Chairman’s shares. It was the Chairman’s decision to hand over the shares.”

“That’s true, but… … .”

Chairman Choi Yong-wook, thinking back now, thought he knew why Min-hyeok acted that way. But even so, it was a mistake for him to hand over all of his shares.

‘I should have been more careful.’

Chairman Choi Yong-wook, who had been belatedly reproaching himself for the aggressive reaction of President Oh Young-geun that he had never shown before, looked at him with curious eyes.

The CEO Oh Young-geun that he knew would never have done something like that.

“… Did you also fall for that guy, Minhyuk?”

“…Does that matter?”

“Of course it’s important. You, who would have died at my word, are now acting as Minhyuk’s subordinate. I find that even more surprising.”

“That’s because I only found out about Director Choi’s abilities yesterday. The current value of KM Electronics shares was not created by mere luck. It’s simply the result of what Director Choi had drawn.”

“… … .”

Chairman Choi Yong-wook blankly stared at President Oh Young-geun, who was absorbed in praising his grandson.

However, President Oh Young-geun was not conservative in his evaluation of Choi Min-hyeok.

“Director Choi Min-hyeok’s achievements are not over yet. It’s just the beginning. Director Choi’s abilities are beyond my ability to evaluate. I don’t think there’s a need to be a bad grandfather to Director Choi.”

“… Heh heh heh.”

Chairman Choi Yong-wook glanced at Director Jang Seung-il, dumbfounded by the words of President Oh Young-geun, who sounded like a completely different person.

Director Jang Seung-il also stared blankly at President Oh Young-geun with his eyes wide open. The President Oh Young-geun he knew would never show such an attitude.

However, after seeing the MP3, President Oh Young-geun, who had been thinking about its value all night, could not go out like before.

Collins, after looking back at each and every move of Minhyuk Choi related to the MP3 project, I realized how much thought went into it.

Even though he couldn’t help Choi Min-hyeok, he couldn’t get in his way.

‘If that’s the case, it would be better to step down from this position.’

It wasn’t for Choi Min-hyuk.

It’s for Chairman Choi Yong-wook, who still doesn’t know the inside story.

“I think the Chairman has been doing well with Director Choi so far. Now, you can just step back and watch. Just by doing that, you can gain more than the value that the Chairman has given you!”

“hmm.”

Chairman Choi Yong-wook, not knowing English, looked closely at President Oh Young-geun’s face. Then, he recalled President Oh Young-geun’s personality one by one.

‘He’s not a friend who would betray me. So the story is that he’s really worried about me, right? Huh, is Minhyuk saying that his abilities are so great that I should just quietly step aside?’

I was so shocked that I couldn’t even speak.

I couldn’t understand what on earth his grandson Choi Min-hyeok’s abilities were that allowed President Oh Young-geun to change like that in just one day.

Perhaps, if he were a normal corporate CEO, he would not have accepted President Oh Young-geun’s words.

But one of Chairman Choi Yong-wook’s few strengths is that he listens to the people below him.

“…Can’t you tell me why?”

President Oh Young-geun did not talk in detail about MP3 because he was also considering Director Choi Min-hyeok’s position. In fact, there were still many things that President Oh did not know. It was not that he did not trust Chairman Choi Yong-wook, but he did not want to cause trouble by picking on him.

“This is not something that can be said simply here. And the Chairman is not the type of person to believe simple words and let it slide. If you wait and see, you will soon know.”

“Is that so? You really have changed a lot.”

“Nothing has changed. I have served the Chairman up until now, and I will not change in the future. It is all for the Chairman.”

“Is that so?”

‘It seems like Minhyuk is saying there’s something about this guy. What has he been doing all this time?’

Chairman Choi Yong-wook was not that offended by President Oh Young-geun’s actions. No, he suddenly thought back to what he had said.

I thought back to my first and second daughters-in-law and what Chairman Kim Sang-gu said at the Federation of Korean Industries. They didn’t mean it with good intentions. I’m just a human being, so I’ll listen to what they say.

‘But considering Moonkyung and my other grandsons, the fairness issue is not that big.’

I didn’t think that President Oh Young-geun wouldn’t know what that meant.

However, taking Director Choi Min-hyeok’s side means that the issue of fairness itself is meaningless.

‘What on earth is that guy Min-hyeok doing that makes President Oh Young-geun react like that?’

The worry was quite long.

However, Chairman Choi Yong-wook trusted President Oh Young-geun more than Director Choi Min-hyeok or his daughter-in-law.

“… I understand. If you say so, then I will listen. Yes, I must admit what I must admit. It is wrong for Min-hyeok to be greedy for the achievements he has made on his own. Even if it is a stake worth over 1 trillion won. However, I will do as I wish with regard to Director Lee Il-tae. It is also related to his friend Choi Du-jin and his son, Managing Director Kim Hyeon-woo. Choi Du-jin sold his stake for a pittance, so I will have to give him that much.”

“I will mediate that matter.”

“okay.”

“I’m sorry, Mr. Chairman.”

“It’s okay. It’s not so bad if you just think of it as a hit from your grandson. In fact, I still don’t know what’s going on. It’s really confusing.”

“thank you.”

After President Oh Young-geun finished his speech and left the place, Chairman Choi Yong-wook made various guesses. He couldn’t quite figure it out. The interesting thing is that Director Jang Seung-il is no different from him.

“I think Director Jang needs to look into KM Electronics more thoroughly in the future. I really wonder why Mr. Oh, that guy, suddenly changed like that.”

“… I’ll find out right away.”

* * *

Director Jang Seung-il was also shocked by President Oh Young-geun’s attitude and investigated KM Electronics more thoroughly than before.

Thanks to this, Choi Min-hyeok was able to quickly find out about Director Jang Seung-il’s movements and even called him to confirm.

After hearing about President Oh Young-geun’s actions, I couldn’t help but chuckle.

‘I never thought that President Oh would go that far for me.’

Even if there didn’t seem to be a problem now, if there was a rift between me and my grandfather, it could have been a problem.

Minhyuk Choi even showed an MP3 card to prepare for the worst case scenario.

But fortunately, when President Oh Young-geun stepped forward, he was able to persuade the grandfather.

Through this incident, he realized that he had greatly underestimated his first and second aunts.

‘From now on, we need to proceed more closely while controlling the pace.’

But he didn’t take this seriously. Rather, he found it amusing. Up until now, things had been going too easily.

‘There should be this kind of reaction too.’

Rather than focusing on this work, Choi Min-hyeok paid more attention to the employees who had come to know about MP3.

‘They probably won’t feel the value of MP3s yet. They’ll probably figure it out on their own in life, and then they’ll move on their own. If they gain confidence, their attitudes will change a lot. If they find their balance, they won’t be shaken much even if something like Director Lee Il-tae happens.’

In fact, Sales Team Leader Kim Bu-young tilted his head while looking at MP3-related materials. There was no such product on the market, so there was no way to set a standard.

Sales Team Manager Kim Bu-young said it was difficult to accurately understand the meaning of MP3 when looking at it based on a cassette player.

As he looked over the report, he began to understand the meaning contained in it one by one.

We have not yet informed other sales team members about this due to security concerns.

But one day, when I got home, I saw my daughter holding a cassette player for language learning.

My daughter, now a college student, cherished the item.

My wife kept nagging me because I kept having my earphones in my ears while eating.

Suddenly, Sales Manager Kim Bu-young showed his daughter the MP3 player he was carrying.

“Huh? What is that?”

“A new product our company is developing.”

“Can I have a look?”

“uh.”

Sales Team Leader Kim Bu-young observed his daughter’s reaction. Even his wife, who had been harassing her daughter, showed curiosity. The size of the palm of her hand was amazing.

What was surprising was that my daughter was able to press the power button and listen to music with her earphones without any further explanation.

What she liked most about the MP3 was its weight and size.

The MP3 player that was in my T-shirt pocket was light enough to move around without being a burden. I could even hang it around my neck using an accessory.

And the reaction that came out.

“oh my god!”

The wife also noticed and quickly snatched the object from her daughter and listened to music.

She also looked at Sales Team Manager Kim Bu-young with her eyes wide open.

“That’s amazing. How on earth do you play music?”

Sales Manager Kim Bu-young explained to the best of his knowledge.

My wife didn’t quite understand, but my daughter was different. She kept staring at the MP3 with greedy eyes.

“Dad, can I have this?”