The Highest Level Son of a Chaebol Family - Chapter 372



Only Noblemtl

372. What is the summit?

Bam.

The front door of the Hannam-dong mansion opened.

The person who took the lead was Chairman Cha, followed by Secretary Kim and other key affiliate company presidents who had been called in separately.

Taesung Electronics CEO Min said.

“Mr. Chairman, are you okay?”

“what?”

“I’m talking about JH Investment Company. Its scale seems to be much larger than you might imagine.”

Chairman Cha nodded silently.

It was the same for other affiliate company presidents.

“It’s good that you’re using the money from selling Cheonma Apartment to acquire another oil company. But the problem is that you’re saying that you’re going to sell the land in Gangnam to grow the semiconductor business.”

“The person who owns 25% of Taesung Semiconductor’s shares is the smuggling king.”

“Mr. Chairman, isn’t this a bit burdensome?”

Chairman Cha’s expression became serious.

“The stake for external personnel is quite high.”

This is also true when compared to the shares of Taesung Semiconductor held by Chairman Cha.

But it is something that cannot be denied.

The smuggling king acquired the top semiconductor company and even provided additional investment funds.

Since they received shares in proportion to the amount of money they paid, there was no room for any claim of unfairness.

“Master Jeong-hyeok’s ambitions for Taesung Semiconductor are quite great.”

Master Jeong-hyeok focused on Taesung Semiconductor for the future of Taesung.

They had already declared that they would pour in a huge amount of money over 10 years.

“Shouldn’t we prepare for any eventuality?”

Taesung Electronics CEO Min opened his mouth cautiously.

“As it is one of Taesung’s key future strategic industries, if the smuggling king changes his mind, it will be a very troublesome situation.”

Chairman Cha’s face was also filled with caution.

“Looking at the case of Kookchun Group, it seems like it’s not someone else’s problem.”

Kookchun Group is a local company in Busan, and its initial operating capital was provided by a smuggling kingpin.

Kookchun Group, which started out in the shoe and clothing industry, has grown into the 7th largest conglomerate in South Korea.

Thanks to this, the smuggling king also made a lot of money.

“I heard that when the smuggling king sold off the Kookchun Group shares last time, Chairman Yang of Kookchun Group’s back was bent a lot.”

“You said that even after blowing several years’ worth of the group’s operating profit, you still had to take out a bank loan?”

“At that time, the Kookcheon Group’s shares held by the smuggling king were 25%.”

“I am telling you this because I am afraid that Taesung Semiconductor will end up in that situation.”

When the smuggling king announced that he would sell off his stake in the Kookchun Group, the group was turned upside down.

When we actually looked into it, the stake held by the smuggling king was greater than that of Chairman Yang of the Kookchun Group.

Unlike Chairman Yang, who sold some of his shares to raise funds as he grew his company, the smuggling king did not dispose of the shares he initially received.

-If we make a mistake here, we might lose our entire Kookcheon Group!

-If we start a fight over management rights with the guy who acquired the stock of the smuggling king, it’s going to be a real mess!

-Defense of management rights is the top priority! Get the shares owned by the smuggling king without regard to means and methods!

Because of this, the Kookchun Group had to run around sweating bullets to raise the acquisition funds.

I scraped together every penny I had.

He bought the smuggling king’s stake by adding a lot of money.

“It means that even if Lord Jeonghyeok spends that much money, if he makes one mistake, his management rights could be threatened by the smuggling kingpin.”

“Ugh.”

Chairman Cha’s complexion darkened even further.

President Shim, who had been quietly listening to the story, snickered.

“What a useless worry.”

Everyone’s heads suddenly turned.

With a very sensitive expression.

“Why would a gentleman who knows the truth act like this? It’s a very realistic concern, isn’t it?”

“There must be more than one or two people in this world who have their businesses stolen with their eyes wide open like that.”

“The situation is more serious now that Taesung Semiconductor has become a subsidiary of Taesung Electronics.”

“Taesung Electronics is the holding company of Taesung Group.”

President Shim raised both hands and said, “Wow.”

“I know. Who doesn’t know that? That’s why I’m saying that.”

President Shim took out a pack full of health supplements from his bosom and handed them over.

The presidents of key affiliated companies who happened to receive a pack of health supplements each were bewildered.

President Shim took the lead and sucked on the health supplement pack first.

“Even if the smuggling king is beaten to death, he will not sell the Taesung Semiconductor shares.”

“Huh, then the problem will get more serious?”

“On the other hand, you’re going to throw away all the money you’ve been saving up to avoid selling that stake?”

“……yes?”

While everyone blinked, President Shim laughed sinisterly.

“What can you do as the smuggling kingpin? If you want to stick close to Master Jeonghyeok, you have no choice but to suffer even if you know it.”

With only question marks left on everyone’s minds, President Shim threw the empty health supplement pack into the trash can.

“Okay. Rather than engaging in such pointless discussions, just listen to what I have to say.”

“What’s your business?”

“Please give back all the JH Investment office staff that you have been borrowing.”

“hmm?”

President Shim let out a long sigh and pointed to the briefcase that Taesung Energy President Yoon was holding.

There were two bags stuffed with documents from the oil company they were considering acquiring, so much so that the zippers wouldn’t close properly.

“They are only reviewing domestic oil companies, but now they have to go global and look into all kinds of oil companies.”

“… … ?”

“I thought I would die from overwork if I tried to look at major oil companies in the world, as well as oil companies in Japan, China, and Taiwan.”

President Shim spread out his hands and made his request confidently.

“So what I’m saying is, please give back the office staff you took away.”

It was a desperate request to get back what had been left behind.

“Hand over all of Wookwang’s staff, including all of Wookwang’s executives!”

But everyone started to pretend not to know with an embarrassed look on their face.

“It’s because people from JH Investment are so good at their jobs.”

“Because I’m already putting in a lot of effort to teach him so that he can grow up to be a great person.”

“It’s a bit… … to take such a valuable talent away so arbitrarily.”

These people?

One of President Shim’s eyebrows twitched.

“If you don’t hand over our office staff immediately, I will hold a general shareholders’ meeting in the name of JH Investment!”

“… … !”

In order to assert rights, threats were essential.

The people who are here now are the ones who just got their affiliates’ shares sold off for $200 million in acquisition money.

Of course, the affiliate’s shares were disguised as JH Investment’s name and money laundering was completed.

And President Shim is the vice president of JH Investment.

“It’s nothing more than a project that our Lord Jeonghyeok is trying to push forward, so why is it being delayed due to a lack of manpower?”

President Shim’s smiling face was brimming with a hidden secret.

It was the exact same laugh as Jeonghyeok.

“If this request is ignored, I will immediately.”

“immediately?”

Everyone swallowed dry saliva with nervous faces.

‘Should we call a general meeting of shareholders to discuss the dismissal of the CEO?’

‘Are they going to declare the investment plan rejected?’

‘Then what happens to Yugong?’

President Shim shouted solemnly.

“I will write a resignation letter and kick out the president of JH Investment!”

“… … ?”

The heads of key affiliates tilted their heads.

The expression on his face seemed to say, ‘Is that just a threat?’

But there was only one person, Secretary Kim, who opened his mouth wide with a look of extreme shock on his face.

“No, Mr. Shim! What a horrible thing you’re saying!”

Secretary Kim was famous for completing his assigned tasks in a cold, uncluttered, and bold manner.

This time, even he couldn’t keep his cool.

“The moment President Shim writes his resignation, all of you here will be forcibly taken to Master Jeonghyeok and have to deal with the aftermath!”

He said it was a complete failure.

“Not only has the stake in the affiliate company already been completely taken away by Master Jeong-hyeok, but isn’t this the time when you are receiving investment funds from Master Jeong-hyeok?”

Money is the enemy, and shares are the bullies.

“If it’s going to be scolded from above, then it has to be scolded. What else can I do?”

It’s the law of the world that you have to give back as much as you receive!

“Didn’t the bosses even swear allegiance? According to Master Jeong-hyeok’s expression, it would be ‘Does the Yeonpanjang look like X?’”

“… … !”

“If you think about it, this is all a matter of raising children. So, someone has to roll over and make a fuss.”

“… … !”

“Then who will take the place of President Shim? Could it be the Chairman? Or perhaps the Vice Chairman?”

“… … !”

That can’t be true!

The heads of key affiliates froze stiffly, their expressions as if they had been struck by lightning.

It was full of shock and horror.

The dark circles around President Shim’s face and the smell of medicinal herbs that wafted out whenever he opened his mouth were unusual.

Even CEO Shim, who is known as a management genius, did not look like that before joining JH Investment.

“Master Jeonghyeok is very fond of talented people. I don’t need to add anything to these people here.”

Secretary Kim pushed up his silver-rimmed glasses.

Secretary Kim’s cold, gleaming eyes disappeared behind her glasses with a hoo-hoo laugh.

“For your information, I didn’t write a petition.”

Chairman Cha was the first to look back at Secretary Kim with a shocked expression on his face.

“How can this be! It wasn’t even Secretary Kim who wrote the petition?”

The same was true for other affiliate company presidents.

“Secretary Kim, I never thought you would do this… …!”

“Anyone would have thought that he was Lord Jeonghyeok’s closest confidant… …!”

In particular, President Shim’s sense of betrayal was intense.

“Master Jeonghyeok’s Mont Blanc fountain pen, and you, Secretary Kim, gave it to him!”

But what is this?

“Hey, when on earth did this guy jump out!”

Secretary Kim had already disappeared.

Chairman Cha, who noticed that the expressions of the heads of key affiliates had hardened, made a decision in a solemn voice.

“Once everyone returns to work, bring the JH Investment office staff back immediately!”

“Yes, sir.”

“Will that do? Send in more elite staff!”

“Even the elite staff? They are the ones who will become Taesung’s executives in the future.”

“That’s why. If you’re going to do it, just pick the ones with work to do and send them under Jeonghyeok.”

Chairman Cha looked over the fence with his luggage on his back.

Like someone who doesn’t care about the obstacles in front of them.

It was the back of the commander looking further and higher.

“If you don’t like it, you go and roll around yourselves!”

* * *

The southeastern skunk opened its mouth cautiously.

“It seems that the Japanese Prime Minister is on a roll. He has informed me that he will be visiting with a crowd that is twice as large as the number of visitors to the funeral last time.”

That was the reason why the Taesung Group people were sent out first.

“You didn’t suggest it first?”

For example, inheritance tax reduction, gift tax exemption, and equity negotiation.

But the southeastern skunk shook its head quietly.

‘It looks like the Japanese Prime Minister will personally participate in the negotiations.’

So, I guess I won’t be able to finish my game first.

My father opened his eyes wide.

“I won’t listen to the Yakuza’s proposal. It’s an absolute no.”

Anyway, this damn Yakuza!

‘The yakuza have already decided to just wash their hands of it and leave. Why are they coming again?’

Did something go wrong along the way?

I glanced at the skunk to the southeast.

The southeastern skunk quickly winked one eye.

“You don’t have to worry about the yakuza bosses. We’ve already taken care of them properly.”

“It would be even worse if my brother had taken me in.”

“Why? Am I not pretty enough?”

“No, because it was obvious that I would get stabbed.”

“… … .”

The southeastern skunk kept its mouth shut.

It seems he hit the nail on the head, as he couldn’t refute it.

‘I wonder when the yakuza got roasted and boiled?’

That’s interesting in its own way.

I like it!

“So when are you coming?”

“It’s December 31st.”

It was the day of the year-end party.

Father tilted his head.

“When was the summit between South Korea and Japan scheduled?”

The southeastern skunk chuckled.

“They say they’re coming to beat the head of the next head of the Jeong family, so what about a summit?”