The Highest Level Son of a Chaebol Family - Chapter 382



Only Noblemtl

382. Not yet

The Gulf chief negotiator blew his whistle.

“Is this 25 million dollars?”

“that’s right.”

I nodded.

“That’s funny. Write another contract. You’ll tear it up again.”

“You’ll regret it, right?”

“What’s there to regret? I don’t even plan on stamping it.”

The Gulf chief negotiator crossed his legs on the table and clicked the tips of his shoes.

“If Yugong falls, it’s not us who will be disappointed. It’s Korea.”

The Gulf negotiator chuckled with a relaxed expression.

“Just know that we’ll be this kind to you for only a moment.”

That sounds kind of nice.

“I presented the negotiation proposal out of consideration for the Korean President’s face. Starting tomorrow, we will also begin to show our power.”

They were the largest shareholders, holding a 50% stake in Yukong.

The Gulf negotiating team opened their mouths as if they had been waiting.

“First, we should call an extraordinary general meeting of shareholders in the name of the major shareholder, right?”

“Then we will propose a motion to dismiss the representative and executives.”

“Of course, we should put our representative in the representative position.”

“Finally, should I list it as a company for sale and acquisition?”

It was a strategy to pressure the opponent by creating an atmosphere.

“If I make a mistake, Yugong will end up going to another country?”

“What happens when a country’s key industries are taken over by foreign capital?”

“It’s like Africa. Doesn’t the Korean government know that?”

“Come to think of it, I heard that the Japanese have a lot of money these days?”

Japan has emerged as the world’s second largest economy.

This was something that could be said knowing that Korea was setting this up in Japan.

“If the Japanese eat up Yukong, something really interesting will happen in Korea?”

The Gulf chief negotiator smiled broadly.

“If all the Korean oil companies combined can’t even keep up with Yukong, then if Japanese oil companies start a game of chicken, they’ll all be wiped out.”

The Gulf chief of the negotiation team hummed a tune, resting his clasped hands on the back of his neck.

“If the Japanese take control of not only the supply of crude oil but also its imports, won’t Korea immediately become a Japanese oil colony?”

President Shim opened his mouth wide in shock.

“Your Majesty… …!”

It wasn’t some empty talk with little chance of success.

“For your information, not only Japanese companies but also the Japanese government has quite a lot of money. Unlike Korea.”

It was a threat that he would sell the merits to the Japanese government if necessary.

The Gulf negotiator chuckled.

“This would be a golden opportunity to turn Korea into an oil colony, but would you just suck your thumb because you don’t have a billion dollars?”

I smiled brightly.

“That’s interesting.”

“I’m not having any fun at all! This is much more serious than I expected.”

No?

So far, it’s been fairly predictable, so what are you talking about?

President Shim was proud and whispered softly.

“Your Majesty, seeing these guys talking so loudly, I can already see… … .”

“I guess that means you’ve already contacted the Japanese government and Japanese oil companies.”

“You expected all that?”

Why are you like this? Like an amateur.

“Your Highness, if those guys stir up trouble in the Japanese government and a bidding war breaks out… Huh?”

Gulf’s threats set the worried CEO Shim’s heart on fire.

“It would be difficult to acquire a $400 million company for even $500 million, let alone $50 million.”

As expected.

There was an outpouring of concern and affection.

“If things really continue like this, we may have to go into an auction with the Japanese government or a Japanese oil company. The $1 billion figure isn’t just a rumor.”

When there is competition, prices go up.

The more this happens, the more advantageous the position becomes for Gulf, which holds a stake in Yukong.

“Your Majesty, close your eyes and take 500 million dollars… … .”

“You’re funny!”

thud!

The Gulf chief negotiator lifted his foot on the table and stamped it threateningly.

“Either you buy it for a billion dollars or you don’t! No exceptions!”

“Listen here, negotiating team members.”

President Shim couldn’t stand it any longer and turned around.

“No matter what, $1 billion is too much.”

“Fifty million dollars is too much!”

“No matter how well you treat Yukong, isn’t it a 400 million dollar company?”

“That’s none of my business!”

Behaving rashly again.

President Shim groaned.

“To be honest, isn’t $1 billion enough to buy Gulf, let alone Yukong?”

“What? Our Gulf Saga? Huh! We don’t have a choice for a billion dollars!”

The Gulf chief negotiator snorted.

“Our Gulf company processes 1.3 million barrels of crude oil per day and has assets worth $6.5 billion!”

And that’s not all?

“It employs a whopping 58,000 people worldwide and has nearly 163,000 shareholders.”

The Gulf chief negotiator said bluntly:

“So if we want to buy Gulf, we need to bring in at least $10 billion?”

“Do you really think so?”

I don’t think so?

The Gulf chief negotiator immediately lashed out.

“Of course! Our Gulf company is the world’s 9th largest global company.”

“So how much stake does Gulf Holdings own?”

I chuckled.

“The founders, the Mallon family, only own 17.3%?”

Business costs a lot of money.

This is especially true in cases where companies like Gulf have grown in size through aggressive M&A.

Moreover, Gulf specializes in establishing oil companies in joint ventures with the governments of each country.

They were also active in oil field development, carrying out extensive exploration and production activities in the Gulf of Mexico, Canada, Kuwait, and Venezuela.

As you know, genetic exploration and development usually involves a lot of money.

“And yet, you have managed to hold on until now and successfully defend your management rights?”

“Well, our chairman is a very great businessman.”

“I guess Gulf’s white knight is very strong?”

“The US government and US banks really like our Gulf company.”

“So that’s why you’ve been able to keep your head above water even though the company is in this state?”

“what?”

I shrugged.

“I wondered how they could be so shameless and arrogant when there were so many failed businesses.”

“Are you insulting our Gulf company just now?”

“I wasn’t insulting you, I was just stating facts.”

I smiled broadly.

“It is true that Gulf has grown into a global company by investing a lot of effort not only in expanding its oil-based business but also in developing various petroleum product technologies.”

Thanks to this, Gulf Oil has emerged as a prominent player not only in the oil refining business but also in the manufacturing industry.

“With the reopening of the Suez Canal and the upgrade of European oil terminals Europort and Marchwood, the revenue structure has deteriorated, right?”

David Camp was settled through mediation by the U.S. government.

This normalized diplomatic relations between Israel and Egypt and reopened the Suez Canal.

The mouth of the Gulf negotiating team leader, who had been so confident to the point of being rude, was instantly shut.

I suffered such enormous damage that it was painful to the bone.

“When the government audit came out, it was revealed that Gulf executives had been receiving a lot of bribes and running the company recklessly, so they were all fired one after another?”

“Sheesh!”

“So, assets worth a whopping 6.5 billion dollars were transferred to the bank one after another. You must have had a hard time cleaning up the mess.”

“Sheesh!”

The Gulf chief negotiator shook his head nervously.

“Is that all you wanted to say?”

“That’s impossible. I haven’t even mentioned that the new oilfield development projects in the British North Sea and Cabinda have all failed.”

“Sheesh!”

“You mean the mercenary army that was raised to protect the oil facilities in Cabinda during the Angolan civil war? They were funding the Soviet regime?”

“… … !”

The Gulf negotiator’s eyes widened.

“How, how did you… …!”

“What are you going to do if a war breaks out between Afghanistan and the Soviet Union?”

In fact, the Afghan-Soviet war was about to break out.

The earthquake was felt in the eyes of the Gulf people as well.

“Did the Soviet Union come to us offering us oil and natural gas mining rights?”

“How, how did you… …!”

I knew this would happen.

“You’re not planning on sending mercenaries to the Soviet Union, are you?”

“Until, until that… … ?”

Tsk tsk tsk. They really do all sorts of things!

“Does it matter now? What matters is that American companies have been caught in collusion with the Soviet regime.”

“… … !”

The shoe of the Gulf negotiating team leader who had been on the table slowly went down.

The troubled eyes, the broken expression, and the hopeless embarrassment were so vivid that they seemed palpable.

“For your information, our South Korean government is currently in a ceasefire and is very sensitive to anti-communism.”

I pointed over my shoulder with my thumb.

“The moment they find out that Gulf States is a communist country that is in league with the Soviet Union, they will consider you a spy, whether you are American or not.”

“… … !”

“You won’t have to go far, and you will be taken straight to the Central Intelligence Agency’s water torture room under the National Security Act.”

“omg!”

The Gulf people gaped in amazement.

“Why? Do you think what I’m saying sounds like a joke?”

An earthquake occurred in the group’s pupils.

Well, it’s really no joke.

The wandering eyes, not knowing what to do, were focused on the Gulf negotiating team leader.

“The US, the US Ambassador… …!”

“Is that okay? The US is also facing the Soviet Union, so if the US ambassador calls the White House right away, Gulf Command will be destroyed without a fight.”

“… … !”

The restless Gulf people stamped their feet.

He looked at the Gulf chief negotiator and made an earnest appeal.

“Jack, I don’t think this is just a rumor.”

“If this continues, aren’t we really going to be dragged away and killed without a word?”

“That makes sense… … You know?”

thud!

The Gulf negotiator stamped his feet hard.

“Shut up! You’re going crazy.”

The Gulf negotiator glared at me with murderous eyes.

“Do you have any evidence?”

He seemed ready to use his fists at any moment.

“You think you can gain something by making use of useless threats? You’ve got the wrong guy.”

He gritted his teeth openly.

“They can’t just treat us as spies without any evidence. That goes for the US government, the US ambassador, and the Korean government.”

thud!

The Gulf chief negotiator slammed both fists on the table.

“Besides, this is not a place to discuss ideas, this is a place to discuss business and takeover negotiations!”

The crackling sound became louder.

“If you keep acting like this, we might not even give Korea a chance to negotiate a takeover!”

The face of the man, from which all composure had disappeared, was left with only an evil threat.

“Do you really care if Yukong collapses? Really? What are you going to do if we hand over Yukong shares to the Japanese government without asking any questions?”

Boom, boom, boom!

The man was breathing heavily as he slammed the table, both as a gesture of anger and a threat.

“We are the major shareholder, owning 50% of Yukong’s shares! No matter how hard Korea scrapes together stocks, it is no match for us!”

The Gulf negotiator lowered his head and opened his eyes, sweeping his disheveled hair back.

“Business is all about money and business. Isn’t that right, kid?”

The head of the Gulf negotiation team forcibly raised the corners of his lips.

“1.2 billion dollars! If you keep acting like this, I’ll raise it even higher!”

“Do whatever you want. As a major shareholder, what can I do about exercising my rights?”

Instead, if you are the major shareholder, then this side is also the major shareholder!

So I prepared.

“Mr. Shim.”

“The Chief of Staff of the Blue House gave it to me. It is a power of attorney regarding the 4.6% stake in Gulfsa.”

Ilsung had 1.3%, Kookchun had 0.7%, Noksan had 0.5%, and all Gulf shares held by other conglomerates and banks were added together.

The Gulf people looked surprised.

“I can’t believe Gulf stocks are this much…!”

But the Gulf chief negotiator folded his arms and growled.

“Even if it’s to this extent, it’s not even at a level where it can be made public! It’s not even possible to submit a single resolution to the general shareholders’ meeting.”

“Not yet.”

President Shim uploaded additional documents that he had prepared.

“These are Gulf shares held by JH Investment.”

These were stocks that former Blue House security chief Kim Hyung-won had purchased under a false name.

“7.8%.”

“what?”

The Gulf negotiator’s eyes widened.

“It adds up to 12.4%?”

It was a face that said it was absolutely unbelievable.

The Gulf chief negotiator snatched the documents.

I hastily went through the documents to determine their authenticity.

“T, this can’t be happening… … ?”

“Not yet.”

widely.

“Gulf shares held by Nakamura Real Estate are 9.7%.”

“Oh my god! 22.1%!”

I said not yet.