The Bottom of a Large Company Does a Good Job - Chapter 276



Only Noblemtl

Episode 276. Bidding Competition (7)

Chae Kyung-jun’s question was timely.

Providing an LTV of 150% was unprecedented, and if the financial sector accepted it, there must have been a reason.

Even the future construction company that provided the guarantee is a newly established company.

Not only is it unproven, it has no track record.

Even though he had the name of the Future Group on his back, it doesn’t seem like he would have done business at a loss.

This is the question that the union members involved are most curious about.

Of course, right now, the union members were so focused on the number 150% that they weren’t thinking about anything important.

Chae Kyung-jun reminded me of that.

It was a very good time to intervene.

And it wasn’t just Chae Kyung-jun who read that timing.

Tak Jae-min also noticed that Chae Kyung-jun would get involved.

Don’t you know that Tak Jae-min noticed that it was Chae Kyung-jun?

But now it’s different than before.

It wasn’t a trap, and I wasn’t being dragged along as Tak Jae-min led me.

We have to go on the attack.

“Haha, that’s a good question. Of course, there are conditions.”

“I see.”

Chae Kyung-jun did not forget to emphasize subtly.

‘Where are you pretending to give me a favor and deceiving me? Why don’t you tell me the truth?’

Chae Kyung-jun glared as if he was growling.

‘Well then, that’s right. You’re biting as expected. But I expected this much.’

Tak Jae-min explained with a bitter smile.

“We can certainly guarantee up to 150% of the home’s value, but we won’t be giving you that entire amount in cash.”

“What if it’s not cash?”

Someone in a hurry asked, as if urging someone.

“It will be paid to the tenant in the form of a return of the security deposit.”

“Huh?”

People who didn’t understand at first looked puzzled.

Speculators who had set up shop in various areas nodded their heads in understanding.

“As expected, they don’t give cash unconditionally.”

“What the heck does this mean? I don’t quite understand. Can someone explain it to me?”

“This doesn’t apply to people who actually live there for residential purposes. It applies to cases where there are tenants.”

“So what are you going to do about it?”

“We don’t have to return the deposit or key money to the tenant. We’re saying that we’ll give it to them based on LTV. So, in reality, we don’t have any money in our hands.”

“Oh, you’re going to pay the deposit for us?”

There was no need for Chae Kyung-jun to even come forward.

No, Chae Kyung-jun was deliberately holding back from coming forward.

If we were to directly argue here and now, it would seem as if Taesung Construction is nitpicking Mirae Construction in order to eliminate its competitors.

It would be best if the members, who are the stakeholders and decision makers, spoke for themselves.

Fortunately, among the union members who attended the briefing session, there were speculators who seemed to have already experienced this situation.

They understood quickly and explained it to those around them.

“What, isn’t this a lie?”

“It’s not our turn to receive it.”

The windcatchers murmured in confusion.

“I didn’t lie. I told you all the conditions honestly.”

“I didn’t lie, is that what you’re saying? Is that all I have to say? This is just blindfolding!”

Since it was a matter of money, public opinion quickly changed.

The windcatchers glanced at Tak Jae-min.

They also felt secretly deceived.

But Tak Jae-min still looked relaxed.

“Hey, why are people who should know doing this? Did you think that you could get 150% LTV for free?”

Tak Jae-min shouted louder instead.

As the union members kept their mouths shut in embarrassment, Tak Jae-min spoke confidently.

“We can safely take 60% or 70% LTV like other companies. But the reason we took 150% is to give you a little more benefit. You say there are conditions? So what? Banks are not stupid. They can’t give you cash unconditionally.”

Chae Kyung-jun frowned slightly.

It was such a subtle movement that others would have had a hard time recognizing it at a glance.

But Chae In-ha, who was standing next to him, recognized him immediately.

Things aren’t going as Chae Kyung-jun thought.

Chainha put more force into his eyes than usual.

I don’t understand everything that’s going on right now.

But that doesn’t mean I can just pretend not to know.

Somehow I’m trying to force the whole situation into my brain.

That way, you’ll have a chance to think about it later.

While Chae In-ha was concentrating, Chae Kyung-jun quietly hit her arm.

“Don’t be nervous. There’s still a lot of fighting left.”

Chae Kyung-jun’s expression had returned to its original state.

Chae In-ha realized that he was secretly nervous.

“But why don’t you get involved?”

Chae In-ha asked in a whisper.

I knew from earlier that Chae Kyung-jun was displeased with this situation.

I don’t know for sure, but it seemed like Tak Jae-min was pulling it in his favor.

Chae Kyung-jun is not the type of person to keep his mouth shut when the situation is bad.

If this were normal, I would have said ten more words by now.

That must have been how he brought the atmosphere to his own.

But today, Chae Kyung-jun was unusually quiet.

Chae Kyung-jun whispered as he looked at the market where speculators, first-generation single-family homeowners, and landlords were all making a fuss.

“If you attack clumsily, you’ll be at a greater disadvantage. Your opponent isn’t an easy target.”

Chae In-ha looked surprised.

To her, Chae Kyung-jun was a big mountain.

It doesn’t mean that he was an opponent that had to be overcome, but rather that he was a giant tree, a strong support.

He looked stronger and more solid than anyone else.

It seemed as though no one could bring him down.

This is the first time I’ve seen Chae Kyung-jun having such a hard time.

Of course, from Chae Kyung-jun’s perspective, he felt the same way when he dealt with Tak Hee-min, but Chae In-ha wasn’t by his side at that time.

Chae Kyung-jun added, glancing at Chae In-ha’s surprised face.

“Don’t worry. I’m not the one who sits around and gets taken advantage of.”

Meanwhile, Tak Jae-min was organizing the chaotic atmosphere.

“Think about it. It’s not common for people to have enough cash to return their deposit right now. That kind of money shouldn’t be held, it should be put to work.”

It was a very entrepreneurial statement, but most people here nodded.

Few people had large sums of money in cash, such as a security deposit.

“This is money that you have to return anyway. You have to either cash out your assets or take out a loan to secure the funds. We’re going to skip that process. We’re going to give you money that you’re going to have to pay anyway. At the lowest interest rate in the market.”

When you say it like that, it sounds plausible again.

It’s money that needs to be prepared anyway.

Above all, the process of making the money was annoying because it had to be returned in cash.

Moreover, if it is the same loan, it is better to borrow through a union at the lowest interest rate in the market.

“Let me be clear. There are definitely people who need this benefit. It may seem like a small thing, but it is a benefit that only we can offer that other companies cannot. We even take into account the landlord’s security deposit.”

They are a bit more friendly and delicate.

Tak Jae-min was making such an appeal.

At this point, he looked back at Chae Kyung-jun again.

As expected, this is about the time to intervene again.

Because if things continue this way, it will be a landslide victory for me.

Chae Kyung-jun clicked his tongue slightly and then finally opened his mouth.

He also knows that he has to intervene now.

Rather than saying that they were moving as Tak Jae-min had expected, it also meant that they were both reading the trend accurately.

“It seems like Mirae Construction has really prepared a lot this time. But is it really something you can afford? The bank may provide a conditional loan, but Mirae Construction is ultimately the one who will provide the payment guarantee. As far as I know, Mirae Construction is a new company.”

Many people probably understood what he meant, but Chae Kyung-jun added it a bit more bluntly on purpose.

“Are you sure that Mirae Construction has the ability to guarantee payment?”

“Thank you for asking such a good question. I am truly grateful that Taesung Construction is concerned about our company.”

Tak Jae-min, who had once responded to the attack with sarcasm, turned back to the audience.

“That’s right. Mirae Construction is a company that was founded only a few months ago. Its credit rating hasn’t even been released yet. But the financial institutions know this better. So why did they allow a 150% LTV?”

Tak Jae-min asked a question, but it was as if the answer had already been given.

Tak Jae-min spoke confidently after giving her a moment to think.

“I am the head of the strategy office at Mirae Group’s headquarters.”

Chae Kyung-jun clicked his tongue again.

Tak Jae-min was following the exact same method he had used earlier.

No, rather than following, it would be more correct to respond appropriately to the current situation.

Tak Jae-min carefully chose to use a method that had already been proven in this field.

This is how Chae Kyung-jun succeeded.

“Director of Strategy? What’s that?”

“Oh my, you. What if you don’t know the head of the strategy office? That’s it. It’s a place where elites from large corporations gather and decide the direction of the company.”

“In a word, head?”

“That’s right. If you’re the head of that strategy room, you’re the real power in the group.”

People who were simply thought to be future construction workers began to make a fuss.

As Chae Kyung-jun said earlier, the effect was clear.

“Why did I come all the way here? That means that Mirae Construction is also putting all its efforts into this project. The head office is also paying great attention.”

“then……!”

“Yes. The financial institutions did not decide on the value of the construction of the future that was just established. They decided on something else.”

After that, I deliberately didn’t say anything.

If we officially nail it down, the future group will be entangled in an emergency without being able to do anything about it.

The future does not belong to Tak Jae-min.

The body will not sacrifice itself for a construction company that is nothing more than an arm and a leg.

Tak Jae-min doesn’t think so either.

All that’s needed here is a name for the future group.

The value of the name of a large corporation that ranks first in the business world.

“So, does that mean Mirae Group will guarantee it?”

“Oh, then I feel relieved. I can trust the Future Group.”

“That’s good. Then wouldn’t it be more beneficial to choose the future side?”

Chainha had a worried expression on his face.

I’ve been feeling an eerie cold air next to me for a while now.

The anger seemed too deep to be simply due to Tak Jae-min’s intentions.

Every time the words Future Group and faith came up, Chae Kyung-jun’s clenched fists trembled.

As the mood in the room began to tilt, Taesung Construction’s manager also looked at Chae Kyung-jun with concern.

Then I flinched.

‘Huh? I’ll give you some work?’

But I wasn’t too worried.

It wasn’t the first or second time he had an accident.

I don’t know why I’m angry, but I’m not the type of person who loses my temper just because I’m angry.

Whenever he had an accident, it always ended well.

At least I won’t move without thinking.

Chae Kyung-jun took a deep breath and asked in a suppressed voice.

“So you’re saying that we should trust Mirae Group instead of Mirae Construction?”

Tak Jae-min laughed.

If you wanted to attack, you should have stabbed the other side.

Judging from the way he asked the question, it seemed to miss the point and was quite emotional.

As for Tak Jae-min, who did not know Chae Kyung-jun’s personal history, he could not help but think, ‘He’s upset because he lost.’

However, I was not completely confident of victory.

Tak Jae-min chose his words carefully.

“You should trust the judgment of the financial institution that evaluated us. Financial institutions do not invest in places where they can lose money.”

I didn’t directly say to trust the future group.

Because for the union members, it was all the same.

Then Chae Kyung-jun spoke sharply.

“Then let’s go for sure. How about you write up a memorandum, contract, or bid proposal stating that Mirae Group will provide payment guarantee?”

Aha, so this is how it will turn out.

I’m pretty emotional, but my head is cool.

Tak Jae-min narrowed his eyes at the fight that was not over yet.