The Chaebol Who Flies From Space - Chapter 23
Only Noblemtl
23. Red Mafia (1)
The two people’s eyes never left the bottle of alcohol.
“I tried it and it tasted pretty good.”
“Haha, if I ever produce it, I think I’ll become a total drinker. It’s the perfect drink for me.”
“Me too. I think I like liquor more than soju now.”
“What happened to Sergeant Georgi’s payment problem?”
Even though things were going well, there were still obstacles.
While China’s financial settlement went smoothly, Russia’s was struggling.
The payment of funds has been delayed by one or two months. If the transaction price is not paid at all, the business partner will change, but even if it is late, the payment will come again.
“This time, the promised funds arrived, but… Georgi said he would pay on time next time.”
“I guess I’ll be giving you trouble like this in the future too.”
“It’s not easy to find a solution because the other party is the other party. But what if we change the business partner?”
When it came to financial issues, even the strict chief of the provincial office couldn’t come up with a solution easily. That’s understandable, because the people who were receiving the soju were the famous Red Mafia.
At the beginning of the transaction, he didn’t reveal his true colors, but now he calmly revealed his identity.
These are the guys who will calmly point a gun at you if you tell them to change business partners.
“Then there are three places where branches should be established: Shanghai, Beijing, and Moscow.”
“President Oh Moon-chi is making a fuss about opening a branch in Beijing. There’s nothing we can do about it.”
Originally, we planned to open a branch in Shanghai, China. But the Chinese wholesaler in charge of the Beijing area made a fuss that we had to open a branch in Beijing as well, so we had no choice but to open an additional branch.
“I can understand President Oh’s position. It’s not wrong to say that it will be difficult to secure supplies if a branch is not established.”
It’s natural to become close to people who are nearby.
“Then, there are three places where branches should be established: Shanghai, Beijing, and Moscow.”
“CEO Oh is making a fuss about opening a branch in Beijing too. There’s nothing we can do.”
Originally, we planned to open a branch in Shanghai, China. But the Chinese wholesaler in charge of the Beijing area made a fuss that we had to open a branch in Beijing as well, so we had no choice but to open an additional branch.
“I can understand President Oh’s position. It’s not wrong to say that it will be difficult to secure supplies if a branch is not established.”
It’s natural to become close to people who are nearby.
“It seems like it would be difficult to send an executive-level person to the branch manager position as initially planned. Since there is no suitable person internally, we will have to recruit from outside, but rather than that, we will gradually increase the size of the branch.”
“It seems that there is no suitable candidate among the directors.”
“Right now, there is chaos due to a shortage of supplies both domestically and internationally. There is no one among the directors who can leave his seat.”
“Are there any additional people who can be promoted to director?”
“It’s been half a year since we took over the company. If we promote him to an executive position too quickly, there will be aftereffects.”
If our food business had been large, we could have brought in people from there, but our food business’s human resource pool was extremely small. We were scolded like that even when we brought in one of the headquarters managers.
“As planned, you two should consult and select a branch manager. I don’t care whether the new branch manager is a manager or a director.”
As I was talking about the state of the industry with the two people, the topic naturally changed.
“Eventually, DB Beer’s ownership changed.”
“Anyone can see that this company is too good to be sold.”
“I guess DB Group needed funds as they were determined to grow construction and heavy industry.”
In response to Chief Do’s words as a financial expert, Chief Park, who has been drinking for 30 years, just kept licking his lips as if he felt regret.
“Isn’t the liquor business a lucrative cash business? How much more money can you make by handing over a company like that?”
Chief Do shook his head at Chief Park’s words.
“Now that the management has shifted from the second generation to the third generation, the company that makes alcohol must have seemed suffocating. No matter how big a liquor company becomes, there are limits, and there is also the aspect that the bigger the company, the more positions there are. DB has many sons. In order for everyone to occupy a position, the company must grow bigger. I thought there were limits as a beer company.”
If a company wants to expand, it can either strengthen what it is doing well or shift its focus to other growing businesses.
DB’s major shareholders have chosen the latter. Time will tell whether this will succeed or fail.
“You didn’t announce it publicly, did you?”
“I think the contract will be finalized in 2006. From DB’s perspective, there is no reason to make a fuss about it already. After all, they are selling the company they inherited from their predecessors.”
“The contract is taking a very long time. Is this common?”
“Where? It seems like the acquiring party doesn’t have enough funds either.”
“Is the acquisition by AB InBev?”
“Yes, it’s a global beer company headquartered in Belgium. It seems like they don’t have much money left after acquiring beer companies here and there.”
Both are beer companies, but their future strategies were completely opposite.
One is trying to transform into a global beer company, while the other is selling off its beer company and giving up its business.
The more we talked, the more I shook my head thinking it was such a waste to sell DB beer.
It is a company that generates annual sales of 1 trillion won, operating profit of 300 billion won, and net profit of 150 billion won.
If this continues to increase in the future, it will increase, not decrease.
“DB tried to buy our Chaos in the past.”
DB Beer attempted to acquire Chaos, a beer company founded by Toad. Negotiations on the price were made, but the deal fell through when the company changed owners.
They took advantage of the toad’s company’s poor financial situation and tried to rip him off at a very cheap price.
“The current beer market share is DB Beer 50%, White 40%, and Chaos 10%. DB has come back a lot. There was a time when it was pushed out by White and fell to 40%, right?”
“No matter how many teeth you lose, DB beer is still DB beer. Where would the tight-knit sales organization built over time go?”
If there is a toad in soju, there was a time when DB beer had an absolute share of the Korean market.
But where there is sun, there is always shade.
In 1991, the company’s image plummeted when the Nakdong River phenol discharge incident occurred at DB Electronics, an affiliate.
White Beer, a competitor and perennial runner-up, faced a major crisis when it successfully reversed the market by promoting the image of beer made with clean rock spring water, amid a boycott by consumers.
As part of its efforts to overcome the crisis, it attempted to turn things around by transferring half of its shares to global beer company AB InBev, but was unsuccessful. As a result, with the DB Group’s affiliates being reorganized, it signed a contract to sequentially acquire the remaining 50% of DB Beer shares from AB InBev starting last year, and the company’s owner changed.
“It’s a shame we didn’t acquire DB Beer, if only we had more time.”
The two of them looked awkward as if they hadn’t thought about it until then.
“Us? A DB beer can…”
Chief Park said that the toad was too big to take over.
“Do you know what the estimated selling price is?”
The chief frowned for a moment at my words.
“······.It wasn’t announced publicly, but the purchase price was probably set at around 800 billion to 1 trillion won.”
“At that rate, we can acquire it next year with just Toad’s internal reserves.”
“···.”
“···. That’s right.”
Since they had established themselves as leaders in the two major markets of soju and beer, they never even dreamed of taking over their rivals.
Didn’t the former chairman suffer terribly due to his company’s reckless expansion?
If the toads were making as much money as they were making now, they could have acquired DB Beer without much effort if they had just a year or two to spare.
Even if the exact amount could not be estimated, the acquisition price could have been set at around 1 trillion won.
“If the expected transaction amount is 1 trillion, then it is definitely possible.”
“That’s how much Toad Soju will earn in a year.”
The two of them had expressions of emptiness as they spoke.
As the export of toads overseas becomes a huge success, a huge amount of money comes in, but it is difficult to easily estimate how big of a success this is.
Buying the biggest beer company in Korea with the money you earn in one year?
The two felt a renewed sense of realization that the company was truly achieving great success.
***
“What is AB InBev’s financial condition?”
[It is headquartered in Europe and has investments in various places as subsidiaries, so it takes time to know the financial structure.]
“You need time?”
[There are many subsidiaries that do not disclose their financial structure to the public because they have invested in many unlisted companies. They have a complex management structure, so it is difficult to know in a short period of time. In addition, companies in Europe are behind in IT.]
No matter how fast and powerful the AI is, there is no solution if the company being investigated has an analog foundation.
“I’m saying this because I don’t think their financial structure will be good. If an economic crisis comes, don’t you think they’ll spit out the companies they bought?”
[What do you mean by economic crisis?]
“I think there’s a shaking movement here periodically?”
[If it is a 10-year cycle theory, it certainly shows a certain pattern]
If the dollar is to serve as the world’s reserve currency, it is inevitable that it will run a huge trade deficit.
Because for dollars to circulate not only within the United States but also globally, there has to be an outflow of dollars.
The problem is that the dollar supply chain is entirely determined by the United States, or more precisely, the US Federal Reserve.
From the U.S. perspective, when a crisis occurs, its own interests come first. Naturally, it tries to reduce the damage to the U.S. by sucking up dollars from around the world.
“If there is a chance to acquire DB Beer in the future, I must take it.”
[Master, if you want to make money, it is much faster and more certain to invest in the US market. The investment efficiency is not high.]
I am Ariel who is against investing too much in mainstream companies.
“Who doesn’t know that? If you invest the money you have now in the U.S. stock market, it won’t be difficult to increase it by 10 or 20 times.”
[But why do you covet domestic liquor companies? It is an inefficient investment.]
“Oh, you stupid AI. Let’s say you’re the ruler of the financial market, and then a newcomer comes along and muddys the waters? Are you just going to watch that happen?”
[Of course you have to dry the seeds]
“Yeah, I have to stop him. Right now, I’m in that new position.”
[Are you saying that an enemy targeting the Master has appeared?]
“That’s obvious. Looking at the current situation, the world’s investment banks seem to be controlled by Jews and commercial banks by WASPs, so of course there are checks and balances.”
[……It might be dangerous]
101 ways to step on a growing sprout came to my mind.
“Yeah, it’s better to buy stocks with long-term holding in mind and refrain from derivatives for the time being. You can easily get completely wiped out.”
When the positions held by investment firms are revealed, a strategy of restraint is implemented without fail.
No matter how hard you try, this cannot be avoided.
No matter how much you strengthen security, it will somehow be breached.
That’s how I killed my opponents.