The 3th Generation of the Chaebol Wants to Live Quietly - Chapter 243



Only Noblemtl

#243.

To give the MP3 some impact, we brought in one of the future hits.

‘I can just take a moderately famous song and edit it or write lyrics for it. It wouldn’t be bad to meet Jisoo and play it for her as a gift. The singer is the problem, but I’ll have to think about it some more.’

I briefly thought of the original owner of this song, but it is uncertain whether things will go smoothly. This is because selling the song by putting it on an MP3 was a risky attempt in itself.

‘It’s certain that it’ll be a huge hit, but no one but me knows that. There’s no reason for me to go to the extent of complaining and recruiting a singer. I’d rather have an unknown singer who follows my instructions.’

Lee Ji-soo, who was also his teacher and once his lover, would probably really like this song. In reality, the time to meet her is still far away, but even now, a light greeting could have been made.

‘I’d like to get some help along the way.’

“… It’s a really great song.”

Director Jang Seung-il and Deputy Director Gu Gil-mo, who do not know the inside story, still cannot get out of Choi Min-hyuk’s song. In particular, Deputy Director Gu Gil-mo, who knows quite a bit about rap, looked at Choi Min-hyuk with an unusual look.

“Thank you, but I’m not that good at it.”

Unlike other people, Director Jang Seung-il glanced at the singing practice room that was over 100 pyeong in size. It was a practice room that even professional agencies would not easily find.

Soundproofing was standard, and there were a variety of musical instruments, including a piano.

Even the six-story building that houses this music practice room was purchased by Belin Investments last week.

It would be difficult to say that such equipment was purchased simply as a hobby.

“But is there a reason why you suddenly created such a large singing practice room?”

Choi Min-hyeok grumbled, shrugging his shoulders and exchanging a quick greeting with the part-time musician.

“I guess you’re curious about my private life. No, you even find fault with my singing?”

“sorry.”

“Hahaha, no. I was just saying that. I’ve made a lot of money, and I want to have a classy hobby. Not bad, right?”

“…yes.”

It wasn’t that bad. The size of the music practice room was larger than that of an average mid-sized or large entertainment company.

Director Jang Seung-il also had his own original purpose, but he asked the question subtly to make Choi Min-hyeok feel better.

“… Sorry to ask. Do you plan on starting a music agency?”

“Similar, but a little different. Again, let’s say it’s my personal hobby. I’m thinking of making it so that my male employees can use the facilities here too. By the way, there are a lot of people who bother me here and there these days, so I’m tired too.”

“I’m sorry for the inconvenience. I didn’t mean to… … .”

“Oh, it’s okay. It’s not something that family members talk about. But why did you come to see me again?”

“Please take a look at this.”

Minhyuk Choi was startled when he saw the beginning of the analysis report submitted by Director Seungil Jang. He immediately realized that it was based on a report he and Team Leader Seongdon Cho had jointly created.

Fortunately, the content itself was a bit different from what he expected.

This is the part of the review related to the sale of Geotech.

‘As we continue to review the Geotech sale, we find some things that are consistent with the original report. No, it’s not like that. We’ve supplemented and added to the original report.’

The rest was easy.

This is the change in current foreign exchange reserves.

In particular, foreign exchange reserves fluctuated as the size of borrowings increased significantly.

This is the government’s response to the yen’s appreciation.

In fact, if there are no particular problems with the world economy, it could end up as a simple happening.

Otherwise, if the Korean government behaves well, there will be no problem.

But that didn’t happen.

Unfortunately, the future that lay ahead was not like that.

Because the U.S. government was planning to trample on the Japanese government.

If you look at each of these parts separately, it’s not easy to find anything unusual.

But if you combine all of this into one, it’s a different story.

Because the current economic trends are exactly in line with Choi Min-hyeok’s report, as if filling in the missing puzzle pieces.

Then it was natural to predict that the remaining missing puzzles would also occur.

The problem in this process is the tightness of the domestic financial market.

This is why Director Jang Seung-il was terrified.

Choi Min-hyeok also clicked his tongue as he mentally organized the parts that were left out of the report.

‘If the US government steps in directly, it will be criticized, so they will immediately call in the hunting dogs of Wall Street. Yes. Now they are getting a little attention.’

Choi Min-hyeok realized anew that Korea’s IMF situation was truly unlucky.

Because the massive fire that started in Japan eventually spread to Korea.

But that doesn’t mean the Korean government did a good job.

Before the initial response to the massive fire, there was basically no preparation for the fire itself. No, they had stacked up oil drums nearby.

In this situation, it is best to refrain from new investments if possible.

“Is it because of the investment in the Oculus project?”

“Yes. Just by looking at this report, you can see how negative Director Choi is about the Korean economy. Oh, of course, I’m not saying that Director Choi created this report. Anyway, if this report is true, our KM Group will also have to respond appropriately in the future. Even if selling Geotech is one thing, wouldn’t acquiring Oculus be a problem?”

Director Jang Seung-il said this because he thought Choi Min-hyeok would naturally make excuses saying that there was no problem.

But Choi Min-hyeok’s story was completely different from what he expected.

“Of course it will be a problem.”

“yes?”

Director Jang Seung-il was also greatly embarrassed. He had no idea that Choi Min-hyeok would speak so honestly.

Choi Min-hyuk chuckled.

“I didn’t know the Oculus situation would turn out this way. It would be easy if we sold the satellite division. And there are places that are interested.”

“Surely the target is not Kwon Tae-seong, the director of Oseong Electronics, but rather Kim Hyeon-tak, the head of DL Information and Communications?”

“They will probably be eyeing the satellite division. It won’t make any money, but once they acquire it, they can use their stake in our division to get in.”

If they get a stake in Oculus, they can also supply satellite receivers. This alone would put them at the level of a mid-sized company affiliate.

Moreover, it is similar to a public enterprise in that it has government shares.

It’s a truly lucrative business.

It was a good business plan for DL ​​Information and Communications, which was still in poor condition.

Director Jang Seung-il also racked his brain because he didn’t know Director Choi Min-hyeok’s intentions. He couldn’t understand what Choi Min-hyeok was trying to do.

“What you are saying is… … .”

“I’m not a prophet and I can’t know everything that will happen in the future. If the Oculus project gets off the ground quickly, the investment will be recovered quickly. But if the opposite happens, it’s a problem. Like this report… … .”

“… Phew, then what should our KM group do?”

Choi Min-hyeok grumbled as he put on the suit jacket that Manager Kim Myeong-jun had handed him.

“That’s not for me to decide. Director Jang has to decide. There are risks in business. Do you really think I should be setting the table and feeding you?”

“No. But… … .”

“To be frank, I am doing my best to give you this advice. The KM Group makes the decision. If the satellite business goes well and your grandfather manages it well, it will be a huge success, but if he doesn’t handle it properly, it will be a disaster. Do I have to worry about that?”

“…All right.”

Director Jang Seung-il had a mountain of questions he wanted to ask, but he didn’t ask any more. He knew better than anyone else how thorough Choi Min-hyeok was in giving and receiving.

‘So, they were planning to sell the satellite business unit to Oseong Electronics or DL ​​Information & Communications. They probably wouldn’t oppose the acquisition itself because of the Oculus project. No, they would have no choice but to acquire it at an absurdly high price. If they put forward Oculus corporate shares, it would be difficult to refuse the offer.’

However, the reason Choi Min-hyeok did not object to KM Group’s proposal is because there is not much difference whether it is sold to this side or that side.

‘No. Because we can get KM Industries shares under the pretext of selling our KM Group. That could deal a huge blow to Vice Chairman Choi Moon-kyung.’

The irony is that Choi Min-hyeok didn’t talk about the Oculus project first. Director Jang Seung-il came forward first.

And only later did I realize one thing.

‘In any case, the sale of the satellite division is almost a done deal. Director Lee Il-tae will eventually have to be ousted. Wait, is this really because of Director Lee Il-tae?’

Director Jang Seung-il, who realized belatedly that this was the way to proceed with the work in order to sort out Director Lee Il-tae, stared blankly at Choi Min-hyeok.

Seeing Director Jang Seung-il in deep distress, Manager Kim Myeong-jun grumbled next to him.

“Isn’t that too cold-hearted? But he’s someone who really works hard for the company.”

“There is no such thing as a free lunch. From now on, I will charge a separate fee for management consulting.”

“hmm.”

Chief Kim Myeong-jun ended up just laughing at Choi Min-hyeok’s remarks. This was because when he stepped forward, only Director Jang Seung-il’s position became awkward.

In fact, Director Jang Seung-il looked at Manager Kim Myeong-jun with a look of resentment.

‘… I interfered for no reason.’

* * *

After hearing Director Choi Min-hyeok’s intentions, Director Jang Seung-il went back to see Chairman Choi Yong-wook.

Chairman Choi Yong-wook was also unable to open his mouth for a while after hearing Director Jang Seung-il’s report.

Director Jang Seung-il says it is an inference, but Chairman Choi Yong-wook also felt that Director Lee Il-tae was the cause of this incident. At the time, he was worried that Choi Min-hyeok would get angry because he had expressed dissatisfaction with the issue of stock donation. As expected, he took quiet revenge.

‘Heh heh.’

Chairman Choi Yong-wook was so dumbfounded for a while that he couldn’t say anything.

I never understood why Choi Min-hyuk made things this way, but when I looked into the reason, it was simple.

The mysterious and strange appearances are so creepy.

So I didn’t tell the story of Director Lee Il-tae.

“Before the Oculus project, how much was the value of KM Electronics’ satellite division?”

“Even if you give it a lot, it’s only about 1 to 2 billion won. It was mainly because a lot of research work went into it, but it all went downhill after a few failures. Fortunately, since we had previously invested, we can get some of the shares.”

“now?”

“The amount will vary depending on the investment stake in the Oculus project. If it is enough to influence management rights, it will be at least 20 to 30 billion won, and more is certainly possible.”

Oculus’s corporate stake will provide a steady supply of satellite receivers, although the exact amount of that supply has not been determined.

However, looking at the current situation, it is possible to supply up to 100,000 units.

“Sales of 5 billion? That’s smaller than I thought.”

“But exports to Europe or the United States are also possible. There is even talk that the Oculus project is already more advanced than the American satellite broadcasting system, so no one knows how things will change in the future.”

“If we also service satellite systems, the profits will be greater.”

“yes.”

“And on top of that, Lee Il-tae’s job is a bonus. No, how could he possibly do it without getting a drop of blood on his hands?”

“… … .”

Director Jang Seung-il was unable to say anything. As far as he knew, the restructuring of the satellite business division was already in progress.

There are still twenty people who are holding on to their evil ways, but they are only scapegoats.

Even if another company acquired them, there was no way they would keep any of their key personnel. Choi Min-hyeok had sucked out the bones and marrow of the satellite division.

‘It’s really scary.’

“… What do you think, Director Jang? Should we take over the satellite division knowing all these details?”

“Actually, it seemed like Director Choi wanted us to let go. But he couldn’t show it, so I think he told the truth.”

“Does that mean you plan to sell it to Oseong Electronics or DL ​​Information and Communications?”

“Yes, and at a high price.”

“Why are you doing things like that… … .”

Only then did Chairman Choi Yong-wook click his tongue as he recalled Choi Min-hyeok’s report. Although he was able to build up some substance thanks to Choi Min-hyeok, other companies were a bit different.

The same goes for DL ​​Group. It is true that they have a lot of cash, but that doesn’t mean they have no debt at all. The problem is their other businesses that they have been extravagantly pursuing.

‘If the report is true, the steel and heavy industry sectors will be hit hard. Then, the DL Group could also falter. But will it really turn out that way?’