The Highest Level Son of a Chaebol Family - Chapter 370



Only Noblemtl

370. In the meantime, I’m going crazy again

My grandfather laughed heartily and hugged me tightly.

“My precious child! My treasure that I wouldn’t mind putting in my eyes!”

As always, he spun around and around and burst into laughter.

“This cute thing, my little baby puppy.”

My grandfather hugged me tightly and rubbed his cheek against mine.

“Grandpa, beard, award ceremony!”

“Ouch, that’s right, the beard!”

Grandfather immediately looked away and gave an awkward smile.

“It would be a problem if there’s a scratch on our baby’s rice cake.”

“It’s the end of the year, so aren’t you very busy? What brings you here all of a sudden at this hour?”

Even though I have free time because it’s vacation.

Because they’re not my grandfather or father.

“I heard from Sungjun. His Majesty promised, and the Chief of Security at the Blue House and the Chief of Central Intelligence said they would pay off the debt?”

Only then did I get a rough idea of ​​how things worked.

So that’s why you started making noises as soon as you came in?

“It seems that His Excellency the President is very pleased with this matter.”

This would be like throwing the Choi Il-tae family into the public eye.

“I heard His Excellency the President is coming to New Year’s Eve.”

It meant that they were going to start a large-scale military crackdown.

As the ruling party’s crushing defeat and the second oil crisis have caused the economy to take a huge hit, public sentiment is very agitated.

At times like these, we must work harder to discipline ourselves internally.

“I plan to ask for your help this time.”

My grandfather picked me up and walked away with brisk strides.

He plopped down on the living room sofa and made me sit on his lap.

Only then did our eye levels become similar.

“The problem is how to persuade Gulf, an American company that owns 50% of Yukong, and how to secure the acquisition funds.”

Ding dong, ding dong, ding dong!

Grandfather glanced at the front door and nodded.

“I called a few more guys over here to discuss the matter.”

As soon as my grandfather finished speaking, the front door flew open.

“It’s been a while, Chairman, Vice Chairman, and Young Master.”

“I heard about this from Secretary Kim on my way here.”

“A takeover of Yukong? I’m really surprised.”

“I hear that oil companies are suffering significant losses due to the oil crisis. Can we afford it?”

They were Taesung Electronics CEO Min, Taesung Hotel CEO Hwang, Taesung Energy CEO Yoon, and Taesung Chemical CEO Kang.

Ding dong, ding dong!

Bam.

“It was meant to be.”

I didn’t know you would call even President Shim?

President Shim swept his swollen face, with dark circles under his eyes extending down to his chin.

“I was prepared for it anyway.”

thud.

I put down my suitcase, which looked heavy at first glance, on the floor.

Documents were sticking out through the zipper of the bag, which would not close completely.

* * *

Taesung Electronics CEO Min opened his mouth heavily.

“If we can push for a personal letter from His Excellency the President, we might be able to get the government’s share of Yukong at a bargain price.”

Taesung Hotel CEO Hwang also nodded in agreement.

“Perhaps we can just take it over, thanks to the crisis of the oil crisis.”

Taesung Energy CEO Yoon responded sharply.

“I don’t think this is something to be optimistic about. They’re not the kind of people who would hand over a large-scale project like Yukong without getting paid for it, right?”

Taesung Chemical CEO Kang added cautiously.

“But it is something the President himself promised. Didn’t he personally write a letter telling us not to interfere with the construction of the integrated steel mill in Gwangyang?”

“That’s true, but… … .”

“If there is a more important issue than sharing the money for rice cakes, then wouldn’t it be Gulf Sa?”

“Hmm.”

Everyone had a troubled expression on their face.

Grandpa thumped the arm of the sofa.

“How much do you think Gulf Coast will cost now?”

“Excluding the government-owned stake, if we only consider Gulf’s 50% stake, I would estimate it to be worth between $200 million and $400 million.”

“Whose dog’s name is $200 million?”

Grandpa stuck out his tongue.

“How many Taesung affiliates would have to be sold to make $200 million?”

It was a comment made casually as a joke, but the people sitting there couldn’t take it as a joke.

Everyone had such serious faces.

“When building Pohang Iron and Steel Company, there was a useful $100 million in claims funds from Japan.”

“Pohang Iron and Steel Company’s total sales last year were 100 million dollars.”

“The contract for the construction of a city near the Jubail Industrial Port in Saudi Arabia that the Vice Chairman won was worth 100 million dollars.”

“If you look at the net profit to sales ratio… … .”

At the same time, he shut his mouth.

A small sigh followed.

bang!

My grandfather slammed the arm of the sofa with a grave expression on his face.

“No matter how I think about it, $200 million is too much.”

“Yes, sir.”

“Even if it’s 100 million dollars, it’s a huge amount of money for us.”

“That’s right, Chairman.”

Taesung Electronics CEO Min opened his mouth.

“How about selling Taesung Semiconductor?”

“Taesung Semiconductor?”

“There were three goals that Master Jeong-hyeok had in mind: growing Taesung Semiconductor, building the Taesung Hotel in Gangnam, and acquiring Yukong.”

Taesung Electronics CEO Min bowed and begged.

“The burden is too heavy and burdensome for you to bear alone, Your Majesty.”

At the same time, he took out a black folder from his bosom.

“It’s $200 million just for the acquisition of Yukong. So you have to be realistic and narrow down your target range.”

Everyone nodded silently.

“Yukong Acquisition or Taesung Semiconductor?”

“I think it would be right to focus on just one of the two.”

“Even that alone is difficult.”

Given the circumstances, I couldn’t help but ask.

“So what are you giving up?

Everyone’s faces became awkward.

Taesung Electronics CEO Min sighed softly.

“I think we should take Taesung Semiconductor anyway.”

“Considering the future of Taesung Electronics, it would be a shame to give up Taesung Semiconductor.”

“Semiconductors are essential to electronic products. The market is huge.”

“Isn’t this a new industry that the US and Japan are jumping into with bloodshot eyes? We should get on board too.”

Taesung Energy CEO Yoon shouted.

“Then should I give up on Yugong? When I have this once-in-a-lifetime opportunity to get Yugong for cheap?”

“If you think about starting the oil refinery business from scratch, it costs several times more to set up the facilities.”

“If you look at it that way, $200 million is cheap.”

“Isn’t oil a key industry that forms the backbone of this country? There is no other cash cow as great as this.”

The presidents of Taesung Group’s key affiliates each raised their voices.

Taesung Semiconductor or Yukong?

There were sharp differences of opinion over the only two choices.

I tilted my head to the side.

“So, in the end, you’re saying that neither of you can give up?”

“… … .”

The mouths that had been talking loudly closed at the same time.

“Vice President.”

“Yes, boss.”

The smuggling king sitting at the end next to CEO Shim answered immediately.

“We at JH Investment are thinking of investing 200 million dollars in Taesung. Will it be difficult?”

“No way. Not at all.”

“… … !”

Everyone’s eyes widened at the smuggling king’s refreshing answer.

“In a situation where all the investment companies are crying out as the oil crisis breaks out… … .”

“Your Majesty gave instructions to recover the investment before the oil crisis occurred.”

The smuggling king smiled brightly.

“For your information, our JH Investment also holds a significant stake in Gulf, an American company.”

“A considerable amount? How much is it?”

“When Gulf’s board of directors meets, you can go there and make a big noise.”

“… … !”

Everyone’s eyes were wide open and their mouths were wide open.

“Not Yukong, but Gulf shares?”

“It’s going to cost a lot of money, isn’t it?”

“Hahaha! The boss told me a long time ago that he was after Yugong.”

The carefully posed question was immediately buried by the smuggling king’s confident laughter.

“Do you think we have just sat back and watched this happen all this time?”

Oil refinery stocks that were put on hold even after the oil crisis broke out.

Among them, Gulfsa also had a significant share of shares.

Grandfather slowly blinked his eyes.

“Huh, even Gulf shares… … . No, how did you get all this money?”

I can’t honestly say that this is the president’s slush fund that Kim Hyung-won embezzled.

I couldn’t help but shrug my shoulders.

“The details are confidential. You know that, right?”

What are you going to do if I don’t tell you?

Should I drag you to the Jungjeong Serving Room and beat you with water?

“Huh! Could it be that you’re from the Jeong family…?”

That concludes the whole thing.

Everyone nodded at the mention of the word ‘Jeong family.’

“If it’s the elders of Jeongdongjin… … .”

“Does that matter now?”

There is something else that is important.

I opened my coin purse and took out a neatly folded piece of paper.

“I trust documents more than words, don’t I?”

The cap of the Mont Blanc fountain pen was also carefully pulled off.

“I will set the annual interest rate at 67.8% according to the Jeong family’s rules.”

“Taesung, Jeonghyeok will become your company in the future!”

“But not now, right?”

I will take care of my own rice bowl!

“If the annual interest rate is burdensome, it is okay to receive it in shares. Just like we have done so far.”

When Mr. Jeong Dong-jin lent money to Taeseong, instead of receiving annual interest, he exchanged it for shares.

I wiggled one leg awkwardly.

“Then you would swallow up 200 million dollars without any collateral?”

“… … .”

Hey, that’s not moral.

“Since the heads of Taesung’s key affiliates are here, there shouldn’t be any problems.”

I counted my fingers.

“Taesung Electronics, Taesung Hotel, Taesung Energy, Taesung Chemical, Taesung Construction.”

I shook my fist with my fingers clenched just right.

“How much equity can you give me to match the $200 million?”

“… … .”

Everyone shut their mouths at the same time.

I dug my ears with my little fingers.

“If you don’t like it, just drink it.”

“Jeonghyeok, this guy… …!”

Grandfather jumped up from his seat.

The more I read the documents I had snatched up, the more my lips trembled.

bang!

Grandfather spread out his palm and pressed the documents down on the table.

“Hahaha, you’re so good at writing contracts? You’re just like me, being thorough!”

My grandfather even snatched up a Montblanc fountain pen and wrote on it with a single stroke.

“Hey, what are you guys doing? We need to quickly hand over the shares of the affiliates we have to Jeong-hyeok.”

Thanks to the example of the Taesung Group CEO, everyone was busy working without saying a word.

‘Wow, the gold is really killing me.’

I smiled, folded the signed and stamped document neatly, and put it back in my coin purse.

Now that I looked, President Shim and the smuggling king were smiling with similar faces to mine.

“Mr. Chairman, you stopped me again.”

“Looking at it this way, it seems like Chairman Shim’s dream of becoming Chairman of the Board of Directors isn’t that far away, right?”

“I see? Hehehe!”

President Shim smiled with an ambitious face.

The smuggling king looked at President Shim and gave him a thumbs up with a warm face.

“I’m sure you’ve had a hard time gathering information on the acquisition of a domestic oil refinery company.”

“Wasn’t this something you had been prepared for since the oil crisis broke out?”

“As expected, he is the master’s closest confidant!”

The smuggler gave another thumbs up and laughed.

The more he said that, the more President Shim laughed, leaning back even more.

“This is it,” the smuggling king whispered quietly.

“Then the story will be quick. Mr. Shim, it seems like you should prepare the materials for the acquisition of the Japanese oil company just like this.”

“Uh-huh-huh… … What? A Japanese oil company?”

President Shim’s laughter suddenly stopped.

The smuggler lord winked one eye, still holding up his thumbs with both hands.

“Next, I would like you to consider acquiring oil companies in China and Taiwan as well.”

“Oh, and even China and Taiwan?”

“Our boss must be very big in scale.”

“… … .”

President Shim looked back at me with an expression that said, ‘Surely not, right?’

I smiled and nodded, saying, ‘That’s right.’

The smuggling king has driven the wedge in.

“I heard that our master is aiming for the title of Asia’s best oil company.”

“… … !”

“Then, take care. Hehehe!”

“Ugh, ugh, che, Cheongsimhwan!”

President Shim took out the medicine from his bosom with trembling hands and sucked it.

Once the trembling started, it just wouldn’t stop.

President Shim’s eyes were sharp as he glared at the smuggling kingpin.

“There’s nothing I can do. This time, the Vice President will have to lend a helping hand to me.”

“It’s a shame. I have to embezzle my Aramco shares and give them as bribes.”

“A bribe? Aramco shares?”

“Somehow, we also found one of our oil fields. It’s producing a ton of oil.”

“What did you say?”

As if he had foreseen my future, President Shim muttered while tightly shutting his trembling eyes.

“I just took a deep breath and stopped breathing, and in the meantime, the workload had piled up like crazy!”