The Highest Level Son of a Chaebol Family - Chapter 379



Only Noblemtl

379. Hit it with all your might

Yukong’s CEO Kim Byeong-sik roughly wiped away the sweat pouring down his face with a handkerchief.

“It’s been a while, Chairman Cha. Gasp… Oh my, am I too late?”

I habitually looked for the wall clock and glanced around, then flinched.

“Why does everyone look at me like that?”

“Your Majesty has been looking for you for some time now.”

“Oh no, am I screwed?”

“Why are you so late?”

“That’s… On the way here, I got a call from Gulfsa. Oh my, it’s my leg!”

Yukong’s CEO Kim was breathing heavily and resting his hands on his knees, afraid that his fat body would collapse.

“Why is it always the top floor? Oh my, I’m dying from exhaustion.”

“You could have just taken the elevator… … .”

“The elevator is overloaded, so there has to be another way.”

Yukong’s CEO Kim wiped the nape of his neck with a handkerchief.

Then he looked at me and smiled faintly.

“I can’t ask the Gulf major shareholder who came from far away to step down just for my own comfort.”

“… … So you came with the Gulf negotiating team? You didn’t come alone?”

“Of course… … No, where did these people go?”

Yukong’s CEO Kim looked around in great confusion.

I pressed the elevator button repeatedly.

Ding!

The elevator door opened.

The blonde foreigners dressed in suits were chattering amongst themselves disapprovingly and then suddenly stopped.

The ministers of each department could not hide their bewildered expressions.

“If you’ve arrived, get off. Why are you there… ?”

“Don’t go!”

The Gulf people spoke in a high-handed tone.

The Blue House security guard guarding the elevator was in a panic.

“No matter what, it’s a problem if you keep occupying the elevator like that.”

The head of the Gulf negotiations snorted.

“Give me a reason why I should get off!”

“Oh my, I barely managed to appease him, but I don’t know why he’s acting like this again.”

Yukong’s CEO Kim kept wiping away the sweat that was pouring down his face.

“This is going to be really crazy.”

Even the Blue House security guards couldn’t hide their embarrassed expressions.

“This is a meeting with His Excellency the President. Please understand that body searches and identity verification are mandatory procedures.”

“We are guests invited by your president!”

The Gulf negotiator turned his head away.

“I told you to call the American embassy. I told you I was going to make a formal complaint, so why aren’t you calling me back?”

“Oh my! Why do you keep doing this? I’ve explained it to you several times on my way here.”

It seems that the reason why CEO Kim of Yukong had to wipe away sweat the whole time was not just because he was going up the stairs.

“I said it was a negotiation for a stock acquisition at the private sector level. Why is the U.S. Ambassador to Korea involved in this?”

“The U.S. Ambassador to Korea has a duty to protect American companies and citizens!”

“What did we do?”

“How can this be a private enterprise negotiation when we have people with guns surrounding us?”

The Gulf chief negotiator folded his arms.

“Don’t go!”

Yukong’s CEO Kim was struggling, sweating profusely.

“If you want to talk to me, call the U.S. Ambassador to Korea immediately!”

It’s not any other place, it’s Taesung Hotel.

I can’t just ignore the unnecessary fighting going on while they occupy the elevator.

“Then, sir, are you planning to ignore the call of our country’s president?”

I deliberately pointed out the Minister of Foreign Affairs.

“If it comes out like this, it could really develop into a diplomatic issue, right?”

“Sheesh!”

Only then did the Gulf negotiating team get out of the elevator, looking annoyed.

“We are the major shareholder of Yukong, owning 50% of the shares! President Kim can’t be treating us like this!”

The Gulf chief negotiator growled.

“Because of your management incompetence and the oppressive policies of this country’s government! Do you know how much damage our Gulf company has suffered?”

What the heck?

I shrugged.

“The deficit was caused by the oil shock, so why are you venting your anger here?”

“what?”

“So, have you seen a profit anywhere else besides Korea?”

“… … .”

No way.

“I heard that all the Western oil companies, except for the oil producing countries, are crying out in frustration. Isn’t that why you came by plane?”

“Sheesh!”

The Gulf chief negotiator threw down the briefcase he was holding nervously.

“Full belly!”

“Here it comes again.”

Yukong’s CEO Kim grabbed his head.

There’s nothing I can do.

“The President is over there. If you act threateningly in the presence of the Commander-in-Chief of this country, you could be taken to the Central Intelligence Agency’s torture chamber under the National Security Act. Is that okay?”

I smiled broadly.

“If I were to be dragged in for attempted assassination of the President, the US Ambassador to Korea would have to come running out of breath.”

“Sheesh!”

The Gulf negotiator glared at Yukong’s President Kim with a grin.

“If it comes out like this, just know that we have no choice but to sell our stocks and get out!”

“oh!”

It was a bombshell statement that made my eyes sparkle.

I gave a thumbs up.

“There is nothing more to be thankful for!”

I jumped up from my chair.

My grandfather looked puzzled and took my hand again.

“Jeonghyeok, where are you going all of a sudden?”

“If they are the major shareholder, then this side is also the major shareholder.”

“what?”

Instead of giving a detailed explanation, I winked.

“Instead of buying it for cheap, I’ll buy it for shit price!”

Where did the smuggling king go?

Mr. Shim, come up and buy some Gulf stocks!

* * *

Not even knowing that Yukong’s CEO Kim Byeong-sik and the Gulf negotiation team had arrived.

A hearty laugh flowed out from inside the room.

“Follow me.”

The president held out his glass, a cigarette between his fingers.

One by one.

The chief of security at the Blue House immediately ran over and filled the president’s empty glass.

At the president’s gesture, he poured drinks into the glasses of Chairman Cho of the Geumjo Group and also into his father’s glass.

“I didn’t know that Chairman Cho would take charge of the Olympic preparations.”

“I will work hard.”

“How far has Taesung and Geumjo’s cooperation been agreed upon?”

“We haven’t discussed specifics yet.”

Chairman Cho of the Geumjo Group smiled and raised his glass.

“In order not to cause unnecessary trouble and displease Your Majesty, we will divide the work evenly and begin construction.”

The president’s gaze was fixed on his father.

“You’re not very greedy compared to your abilities.”

“Isn’t it a matter of Korea hosting its first ever Olympics? I think we should prioritize national interests over personal interests.”

“What a patriotic young man.”

The President’s eyes were very gentle.

“I heard that Taesung Hotel is eyeing Gangnam these days?”

We are planning to open seven Taesung Hotel Gangnam branches, centered around subway stations.

“It won’t be easy to attract customers, right?”

“It’s part of the preparations to host the Olympics, so we have to endure some difficulties.”

“hmm?”

“Instead, we will definitely be able to save money on building team accommodations.”

Father smiled brightly.

“Since we are building the Taesung Hotel, wouldn’t it be good if it could be of help to the country?”

“Very good.”

Where did a penny or two go to host the Olympics?

The organizing committee also needs to be cooked, a multi-purpose sports complex needs to be built, and highways need to be dug out.

The president tapped his fingers rhythmically.

“Will just a gymnasium be enough?”

“We are also considering building a Taesung amusement park and shopping center in conjunction with the Taesung Hotel.”

My father pointed to a map of Seoul with his fingertips.

“Isn’t shopping a must? We will empty the wallets of Olympic athletes and foreign tourists.”

“Are you a patriotic young man who dreams of earning foreign currency? Hahaha!”

The President’s gaze became deeper and softer.

“If there was that much land in Jamsil… … it would have been Woo-kwang, not Tae-seong, who had it?”

“Unfortunately, Wookwang Construction went bankrupt. I got it by luck.”

“Now that I look at it, they were after this and bought Wookwang Construction for a pittance.”

Chairman Cho of the Geumjo Group looked back at his father with a shocked face.

“Huh! Is that true?”

Whatever.

The president glanced down at the map with meaningful eyes.

“Is it for the same reason that they pushed for the construction of a sports complex in Jamsil?”

“Huh… Ugh!”

Chairman Cho of the Geumjo Group glared at me and quickly covered my mouth.

I realized that I was so surprised that I forgot who I was in front of.

“You must have developed quite a close relationship with the former mayor while working on the construction of Subway Line 2. It wouldn’t have been difficult to get him to cook.”

“No way.”

If you fall for the rumors and admit collusion between politics and business, you’ll be in big trouble.

“It was Geumjo Construction that completed Jamsil Bridge in 1972.”

The place that has a deep connection with Jamsil and the one that built the apartments in Jamsil was Geumjo Construction.

“Then, will Taesung be in charge of Banpo Bridge?”

“yes?”

The surprising answer came not from our father, but from Chairman Cho of the Geumjo Group.

This time, the president pointed to a map of Seoul with his finger.

“Once the sports complex is built, the number of users of the facility will increase.”

Gangnam has not yet been able to fulfill the same functions as Gangbuk, a major city center.

Despite the development boom and apartment craze in Gangnam, the majority of Seoul residents still lived in Gangbuk.

“Jamsil Bridge alone is not enough.”

“That means… … .”

Chairman Cho of the Kumjo Group swallowed his saliva with a face full of anticipation.

But it was impossible.

“Let’s build a bridge with private investment like Wonhyo Bridge.”

The total construction cost of Wonhyo Bridge was 22.5 billion won, and the construction company, Cheongwol Construction, was responsible for the construction.

The bridge was built under pressure from a president who had his eyes on the oil money earned from the Middle East construction boom.

“Will Geumjo take charge of it?”

“Oh, no!”

“Then Taesung should build it.”

Chairman Cho of the Geumjo Group wiped away the cold sweat.

The president nodded, taking a deep drag on his cigarette.

“Why aren’t you saying anything?”

The eyes looking down at his father were sharp, but not cold.

“If you don’t like it, don’t. If you like it, like it. You have to answer clearly.”

“Was this a matter you had the right to veto?”

The president laughed, flicking the ash from his cigarette with his fingertips.

“no.”

I knew it.

“However, depending on your answer, the construction of Banpo Bridge could change whether it is government-supported or privately invested.”

“Then it will be difficult to complete it before the Olympics.”

“Why? What about all the money sucked from the Middle East’s oil money?”

“Shouldn’t we buy Yukong’s shares?”

“ah.”

Even if the government can easily give away its stake in Yukong, it will be difficult to seize the 50% stake in Yukong held by Gulf.

The president frowned and looked back at the chief of staff.

He sat quietly with his glass of wine in his hand.

“You said that Jungjung stepped in to organize the Yukong shares?”

“yes.”

“I had a hard time recovering the shares I had put in the children’s pockets.”

“thank you.”

The chief of staff picked up his glass and drank it in one gulp.

Only then did a smile appear on the President’s lips.

“Except for our children’s. How much would it cost to recover the shares of Yukong held by Gulfsa?”

“At market price, it is estimated to be worth about $200 million, and at the limited price, it is estimated to be worth about $500 million.”

It wasn’t a small amount of money.

“This time, the government froze the oil supply price, which caused Yukong and Gulf Oil to run up a lot of deficits.”

“how much?”

“As a result of this, Gulf executives are said to be worried about being fired altogether at the shareholders’ meeting.”

“If we show a sorry appearance, we might be able to get angry.”

The president spoke bluntly.

“Private enterprise issues should be resolved at the private enterprise level.”

The president slightly leaned back from his father’s side.

He buried his back in the soft sofa and exhaled a long puff of cigarette smoke.

“If we step forward, the US government will step forward too. That will be a headache.”

The Korean and American governments were already blushing.

As the US president changed, aid to Korea was greatly reduced.

They cut off support under the pretext of suppressing labor rights and a dictatorial regime.

It was because of the financial deficit and the worsening public opinion resulting from the defeat in the Vietnam War.

“It hasn’t been long since we cleared the Korai Gate.”

In addition, the relationship between the two governments reached its worst point as an illegal bribery scandal involving a large number of American lawmakers broke out.

“I’ve brought the Gulf guys to the negotiating table, so you handle the rest.”

“Yes, Your Majesty.”

The amount of funds to be handed over to Gulfsa for the acquisition of Yukong is a whopping 200 million to 500 million dollars.

The president’s brow furrowed deeply.

“It’s too much money to hand over to the United States.”

While the president was very pleased with foreign loans, he was sensitive to the outflow of national wealth.

“Hit it with all your might.”

The president looked straight at his father.

“Two hundred million dollars. If you can lower it below that, I’ll ease your burden.”