The Highest Level Son of a Chaebol Family - Chapter 273
Only Noblemtl
Muhammad pleaded desperately.
“What does it mean to be a good friend? You said we live by helping each other! (What does it mean to be a good friend? You said we live by helping each other!)”
“friend?”
Taesung Group executives looked at me with surprised eyes.
“Our prince has been loyal to you. You handed over the construction work for Abu Dhabi International Airport! (Our prince has been loyal to you. You handed over the construction work for Abu Dhabi International Airport!)”
“Construction of Abu Dhabi International Airport?”
Taesung Group executives gaped in amazement.
Grandfather and Taesung Construction CEO Lee Gyeong-seok screamed at the same time.
“The Deputy Minister of Construction of the United Arab Emirates, who had repeatedly rejected me, did it so easily?”
“No, how did this all happen?”
Wait a minute! Wait a minute!
This guy is the Deputy Minister of Construction of the United Arab Emirates?
Muhammad held my two hands tightly and repeated his plea.
“I don’t expect much. Please just sell the tank and large diameter dot sight! (We don’t expect much. Please just sell the tank and large diameter dot sight!)”
“Stop being pushy. (I told you to stop being pushy.)”
As I often walk towards the stage,
The UAE Deputy Minister of Construction kept nagging and whining.
“How much do you need? I’ll match the price! (How much do you need? I told you we’ll match the price!)”
As if he can never give up, he keeps asking the same question over and over again.
“I’m really sorry for causing such a commotion while the executive meeting isn’t over yet.”
I bowed with both hands together to the executives.
“Jeonghyeok, explain it to me.”
“Grandpa, then take this first.”
“What is this?”
“This is the contract for the construction of Abu Dhabi International Airport.”
“what?”
My grandfather accepted the three-page contract I handed him without thinking.
He looked down at the contract as if possessed, then opened his eyes wide.
“The bid is $300 million?”
When they heard the word 300 million dollars, even the executives of Taesung Group gasped in surprise.
“Not two hundred million dollars?”
“Didn’t you clearly say it was 260 million dollars earlier?”
“No, if they had just slashed it hard and cut it down, then it would have been different. How could the construction cost have gone up so much?”
The Taesung Group executives began to make a big fuss.
“I thought he would attend the executive meeting to find fault with this and that and try to drastically reduce the construction cost?”
“The three problems that were brought up over there haven’t been resolved yet, right?”
“Could it be that our executive meeting was that impressive?”
“This is something I really can’t understand······!”
Bang bang bang!
Grandfather struck the stage.
“Quiet! Is this the time for you guys to be talking amongst yourselves?”
Only then did the Taesung Group executives, who had been so excited, shut their mouths.
“Just shut up and listen to what Jeonghyeok has to say!”
“Yes, Chairman!”
“Jeonghyeok, what on earth is going on?”
“What happens? It’s simple. Business. The end.”
I answered calmly.
“It’s exactly as it says in the contract.”
“In the contract?”
The grandfather quickly took out his magnifying glasses from his bosom, put them on, and began to read the contract carefully.
“Huh? This is······!”
As he read the contract, the grandfather’s hands began to tremble.
“Even if the conditions are good, isn’t it too good?”
It was a trembling voice.
“Even if we did our best to get the contract terms that have greatly improved on our side! But the additional services that come with them are too generous?”
Grandfather adjusted his magnifying glass and handed over the contract.
“Will you allow us to build a distribution and logistics base so that we can sell Taesung’s products?”
“Abu Dhabi is also a place where people live. Taesung is also very good at making things.”
“What about the construction of an oil outpost?”
“During the executive meeting earlier, there was a lot of talk about acquiring Yukong. I heard that it’s an issue that you, as an oil-producing country, can help with?”
“Huh, you’re even providing a loading warehouse to handle air cargo?”
“I thought we should make this a big exchange with our Taesung. They insisted that we should bring in facilities of that level, so what can we do? We put it in as a clause while we’re at it.”
“her······!”
“You know, I believe documents more than words.”
“······.”
My grandfather opened his mouth like a goldfish.
The same goes for Taesung Group executives, especially Lee Gyeong-seok, the new president of Taesung Construction.
“What on earth was being said outside the conference room that led to such an absurd and outrageous condition?”
“In just 10 minutes······.”
“How can you get a $300 million contract in 10 minutes······.”
“I had no idea that the construction of Abu Dhabi International Airport would grow into a logistics base, a loading warehouse, and even an oil outpost.”
I shrugged.
“How did it come to this?”
“······.”
Taesung Construction CEO Lee burst into laughter.
“I tried everything I could for a month to get here, and that was the best I could do. But you, Master, managed to take down Muhammad in just 10 minutes. This is a bit······.”
The gaze of Taesung Construction CEO Lee looking at me was extremely hot.
“Isn’t this just too great?”
what?
“I don’t think you’ll like it that much.”
“A contract worth 300 million won just fell through. Shouldn’t I be happy about it?”
“We’re not done talking yet, are we?”
“Yes? We’ve negotiated the terms, drawn up the contract, and signed and stamped it, so it’s done.”
“I added one more special condition.”
“A special condition? And that was also made by Master Jeonghyeok? Not from them?”
Bang bang bang!
When Grandfather struck the podium again, everyone became quiet.
“It’s exactly what it says in the contract! Let me read the contract!”
Grandfather held his magnifying glasses and carefully read each article.
“Huh?”
Grandfather burst into laughter.
Knock knock.
The conference room door burst open with a knock.
Secretary Kim stared at the grandfather with a troubled expression.
“What’s going on? Is there another breaking news story?”
Secretary Kim had already walked in during an executive meeting once.
It was because of the preferential distribution incident at Apgujeong Hyunmu Apartment.
“An emergency assembly order has been issued from the Blue House.”
“what?”
“All heads of the top 100 conglomerates that own construction companies, the presidents of those construction companies, and the presidents of major domestic banks. All are ordered to gather at the Blue House banquet hall by 4 p.m.”
The conference room was frozen in cold silence.
“They say Taesung is no exception.”
“Hmm!”
My grandfather grabbed the contract he was reading without realizing it.
When he realized that it was a contract worth 300 million dollars, he was shocked and opened it with his palm.
“If we have to gather at the Blue House in an hour, there’s no time to sit around here.”
Bang bang bang!
“Let’s end today’s executive meeting here.”
“Wait a minute!”
Mohammed, the UAE’s Deputy Minister of Construction, exclaimed in surprise.
“Are you going to end up like this just by accepting the construction of Abu Dhabi International Airport? (Are you going to end up like this just by accepting the construction of Abu Dhabi International Airport?)”
It was an unjust cry.
“What about tanks? Sell large-diameter dot sights! (What about tanks? Sell me some large-diameter dot sights!)”
* * *
The Blue House Presidential Office.
The Blue House mark was printed large in gold on the wall, and the national flag was hanging above the desk in the office.
The President, who was sitting at his desk in his office reviewing a report, closed the document with a loud thud.
“It’s an emergency meeting. How’s the response?”
“Of course, everyone is thinking and jumping out. They are gathering one after another in the banquet hall.”
The chief of security at the Blue House smiled meaningfully.
“The construction stock market crash has caused a lot of commotion both inside and outside. And now there’s an investigation into preferential distribution. You’ll think, ‘This is what’s coming.’”
“There’s too much foam on that side.”
The president’s displeased expression did not fade.
“This is the one time when we need to establish discipline and move on.”
“That’s right, Your Majesty. These guys have been getting a lot of grease on their bellies.”
The chief of security at the Blue House quickly chimed in, thinking this was the moment.
“If unearned income exceeds earned income, who would want to work hard and sweat?”
“Once they cracked down on private loans, even the banks belatedly got a taste of money and started to turn their eyes to it. Tsk.”
“Thanks to that, they also got a big share of the real estate bubble. They lent a lot of money to insolvent construction companies.”
“The money that should have gone into heavy industry······.”
“Whether it’s construction companies or banks, they’re all equally disgusting bastards.”
The chief of security at the Blue House ground his teeth.
“If Your Majesty has said that much, it is time to listen. These kids are so fearless and indulge in real estate speculation!”
The President has long emphasized the need for development of heavy chemical industries.
We have spared no effort in providing support in both material and spiritual aspects to promote qualitative as well as quantitative development.
This is because the added value creation of light industry and heavy industry are different.
For a government that had established an export-oriented economic system, the development of heavy industry was a very attractive option.
However, in the process of changing the industrial structure, numerous difficulties were encountered.
“Korea still dominates the global market in labor-intensive light industry products.”
The export share of light industries such as shoes, clothing, bags, textiles, and dyeing was much higher.
“No matter how much you encourage people to save, that money alone is not enough.”
For that reason, heavy industry investment was largely dependent on foreign debt.
Korea has just now achieved exports of $10 billion and national income of $1,000.
The road to becoming a developed country was long and arduous.
“Why should we be pouring money that should be used to support domestic companies and industries into real estate speculation?”
“The same goes for construction companies that promote real estate speculation! Instead of winning construction orders from overseas and earning foreign currency, aren’t they promoting speculation and division, and only causing relative deprivation?”
This was the reason why the president decided to implement real estate regulations and crack down on conglomerates, including construction companies.
“Where did the construction stocks fall the most during this wave?”
“This is Wookwang Construction.”
“Which construction company is involved in this special distribution scandal for Hyunmu Apartments?”
“There are a total of 7, including Hyunmu Construction. They are all among the top 20 conglomerates.”
“That would be a good example.”
Knock knock.
“Come in.”
“Your Majesty, there have been anti-government protests in Tehran, Iran.”
“what?”
“The situation is not normal.”
The Central Intelligence Agency was an intelligence agency that was in charge of collecting information both domestically and internationally.
The prime minister placed a telegram from Iran on his desk in his office.
There were reports that the riots had spread, with looting and arson taking place everywhere, and that hundreds of casualties had been caused by the military and police responding with fire.
The President looked coldly at the file containing the top-secret telegram.
“There really are riots in Iran.”
There was a heavy silence for a moment.
“The youngest son of Taesung Group, Taesung’s brain.”
“Are you talking about Vice Chairman Cha Seong-jun of Taesung Group?”
“Yeah, that smart guy had already anticipated this situation half a year ago.”
The president’s eyes sparkled.
“Do you all remember when I warned that the riots that started in Iran could shake the entire Middle East and spark a second oil crisis?”
“Of course.”
The head of the Central Intelligence Agency and the chief of security at the Blue House nodded heavily.
“But the riots really started in Iran.”
“I heard that you were keeping a close eye on the situation in Iran and the Middle East while you were out and about winning construction orders?”
The president couldn’t hide his interest.
“I heard that there is a new president of Taesung Construction who is actively winning construction orders in the Middle East. Did he return to Korea?”
“Yes, but there is one peculiarity.”
“Singularity?”
“It is said that he brought the UAE royal family and the Deputy Minister of Construction with him when he returned to the country.”
“The Royal Family of the United Arab Emirates and the Deputy Minister of Construction?”
The president was astonished by the chief of staff’s report.
“This is no ordinary matter. What brings the distinguished guest from the United Arab Emirates all the way to Korea? Where are you headed?”
“They said they headed to Taesung Group headquarters.”
“Wow, that’s amazing. To the point where you can call a big shot from the Middle East.”
The President habitually tapped his fingertips when he was lost in thought.
Exactly. Exactly. Exactly. Exactly.
The rhythmic movement suddenly stopped.
The President glanced at the clock hanging on the wall in his office.
It was a full forty minutes after the order to assemble was given.
It doesn’t matter though.
“Call in Taesung Brain too.”
End
ⓒ Osorok
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