The Youngest Son Of A Rich Family - Chapter 170

[170] Breaking through 1

“Executive Director. Who do you think is the powerhouse of the Sunyang Group?”

“That’s Lee Hak-jae, chief of staff. Isn’t that the president’s right-hand man?”

“Then what should I do to become real?”

“Isn’t that trustworthy?”

“trust?”

“yes. Absolute trust in those in power. Other people know that too.”

It’s a really attractive word.

A person who wields another power by the side of an absolute power Sometimes or often wields more power than the person who attends.

But trust alone doesn’t make you powerful.

“Executive. In my opinion, the reality is this. You can meet a person of power at any time, you can talk about anything, and most of what you say must be done through the person in power. If even one of these is missing, you are not real. Now, is Chief Lee Hak-jae really in power?”

Executive Director Jang Do-hyeong looked at me with a slightly disappointed expression and sighed briefly.

“You are strict. As much as I want to be severe…”

“I didn’t mean it in that sense.”

“yes?”

“Everyone at Sunyang Group thinks that Chief Lee Hak-jae is a powerhouse. Grandpa doesn’t think so. The important thing is not whether you are real or not.”

“ah…! okay. If everyone thinks they are real powers…”

Executive Director Jang Do-hyeong finally slapped his knee.

“Today, a meeting like this will broaden your range of maneuver, Mr. Jang. Make full use of it.”

Director Zhang nodded his head and spoke with difficulty.

“How do you get all these thoughts? Are you receiving any special instructions from the president?”

“well. There is a saying that if you just open your eyes wide and open your ears, everyone is a teacher. haha.”

When I said something that didn’t sound like words, Executive Director Jang also laughed as if he was full of energy.

“Now, let’s stop kidding and start reviewing the papers.”

“Ah yes.”

Executive Director Jang unfolded the plan he had prepared.

It was a complicated plan, like a semiconductor circuit design.

“We need to integrate the affiliates’ computer systems first. With that system, you can even keep track of your daily status. We will make preparations so that you can grasp the cash flow of affiliates at a glance.”

“The problem is free money analysis. You know that you can roll money only when you know the operating period, right?”

“yes. Oh… you’re going to use the money to buy back your own stock, right?”

“That’s right. You know that the stake structure is unstable now, right? If the two vice presidents collect stocks of our affiliates, securities and cards are taken away at once. Of course, my grandfather is watching, so I don’t openly buy them, but I definitely buy them from the bottom of the screen.”

“I plan to gradually organize the real estate owned by affiliates. It’s a waste considering the future price of land will rise, but…”

“It’s okay. You can buy the land again, but you will never be able to find the stock that went into your uncle’s hands. Don’t think it’s a waste and change it to stocks.”

“yes. By the way, manager.”

“Please speak.”

“It’s a cruise card. At the last meeting with the presidents of affiliates, you said there were signs of risk… Is that right?”

“yes. How do you know?”

“President Lee Min-seop went into a rage after returning to the company.”

Director Jang avoided my eyes and said. It looks like a snitch, and it’s disgusting.

“A little bastard pretended to be proud with his grandfather on his back?”

“Something similar.”

Embarrassed, he still lowers his eyes and answers.

“You must know my opinion, shall we listen to the executive director’s opinion? How is it? Are the cards okay?”

“I will be honest. Aren’t credit cards basically a money game? It is a game of interest that is higher than the market interest rate, but if you only care about the recovery rate, you are denying the business itself. It must be taken into account that to some extent it is irretrievable. The larger the bond, the larger the uncollectible amount, but also the larger the interest or fees earned. This balance cannot be neglected.”

also.

The unexpected danger suddenly strikes.

You can tell just by looking at the IMF. But three years is enough time to forget. No one has yet noticed the card crisis that will strike like a tsunami.

“okay. Should I apologize for this?”

“yes?”

“no. Then let’s do this. For stock repurchases, focus on securities. You don’t have to touch the card. Instead, transfer the shares of other affiliates owned by the credit card company to Sunyang Life Insurance little by little.”

Jang Do-hyung tilted his head and furrowed his brow.

“You haven’t changed your mind.”

“I am a bit stubborn.”

“Then we have to deal with the card company’s policy.”

“no. Let it be.”

Someone needs to provoke his uncle to pour money into a credit card company that will be in trouble, but can President Lee Min-seop play that role? Or should I throw some bait?

Managing Director Jang Do-hyeong just watched me, lost in thought, with suspicious eyes.

“Let’s do this.”

“yes.”

When I organized my thoughts and came up with a plan that could work, Executive Director Jang turned into a very nervous expression.

“CEO Lee Min-seop insinuates things. Jin Do-jun seems to be a bit reluctant to deal with people by bumping into them. That’s why I like investments where I can just look at the monitor.”

Director Jang waited for my words to finish.

“However, they have different views on credit card companies and he is so negative that he seems to regard credit card companies as a nuisance. What should I do? Well… in this way…”

“If you look at the director’s actions so far, it seems plausible whether it is true or not.”

“Yes? It is important to make the other person believe. If President Lee Min-seop believes this fact, how will he act?”

“well. If I were in President Lee’s position, I think I would explode in anger.”

“Why?”

“Right now, the performance of credit card companies is extremely good. But if the owner treats you as a troublesome bastard, you won’t feel good.”

“Is that right? Moreover, if the owner is a new blue guy, his pride will be hurt. Then I’m going to find someone… I’m pretty sure it’s not my grandfather, right? It’s because I can’t dare to protest against the president’s decision.”

Jang’s expression changed completely. It seems that he understood my intentions.

“Chief Chief. no way?”

“Excluding my grandfather, the most powerful person is Vice Chairman Jin Young-ki.”

“Are you thinking of selling the credit card company?”

“It’s not a sale, it’s an exchange. It’s about choosing a good guy from my uncle’s affiliates and replacing it.”

“Chief. Considering the performance of credit card companies now…”

“Is it a waste?”

“of course.”

“Since it is a wasteful company, we can sell it at a high price. Now, look for a similar guy among Vice Chairman Jin Young-gi’s affiliates. It may be a little lacking. Anyway, it just needs to be a company that makes my uncle feel like he’s benefited.”

Executive Director Jang Do-hyeong’s expression clearly showed that he was going to die of regret, and looking at that expression, I was convinced that this deal was possible enough. Also, a company that extracts cash is a great help in securing shares to occupy the group. coveted

“The transfer of shares of affiliates owned by the credit card company, which I mentioned earlier, should be carried out quickly.”

“Have you made up your mind?”

“yes. But don’t be too hard on yourself. I make sure that once I get my hands, I never get anyone else’s hands. Whether it’s money, company, or people…”

Managing Director Jang Do-hyung smiled softly when he realized that he was the one who said the last thing.

“The card company that left my hand will come back soon. No, I will definitely come.”

“What the hell are you thinking…? Could you please tell me?”

“It is a difficult story to understand and accept. Just watch.”

* * *

“What? Did he say something like that?”

“yes. To be honest, I thought Jin Do-jun wasn’t a normal kid… but it turned out that he was stubborn, believing that only my opinion was correct. He was a typical 3rd generation conglomerate.”

“On what grounds does he believe we are insolvent?”

“So. Aren’t you talking about reading a couple of books somewhere?”

“Damn it!”

President Lee Min-seop, on his first day at work in the new year, when he heard dirty words, curses came pouring out of him.

“Executive Director Jang. What should I do that baby? Just looking at it, it looks like he intends to make you his henchman?”

“Among the executives, I must be easygoing. It was chosen by age. Aren’t the CEOs of affiliates older than your father, CEO Jin Yoon-gi? It must be because it is difficult to say this and that.”

Lee Min-seop, who was walking around the president’s office, looked at Jang and said,

“I had a hard time keeping up with the kid. go out.”

“What do you plan to do?”

“I do it myself. go.”

“yes. then.”

When Jang Do-hyeong disappeared, President Lee Min-seop picked up the receiver.

“Vice President Jin Young-ki, check your schedule. If you have free time, tell me that I want to see you.”

Putting the receiver down, President Lee bit his lip.

* * *

“His greetings are late. I’m sorry, Vice President.”

“no. Thank you for coming to me like this.”

Vice Chairman Jin Young-ki raised President Lee Min-seop, who was bowing down, to his feet.

“Everyone is busy visiting their owners and saying hello, but there’s no way they can afford to care about the people next door. It’s okay, don’t worry about it.”

The two sat on the sofa and briefly exchanged New Year’s wishes.

“Here’s the vice president.”

“yes.”

“Are you going to stay like this?”

“huh? What does it mean?”

“So, I wonder if you’re willing to let your little nephew take over the financial affiliate.”

“Why are you talking about such heavy things from the beginning? haha.”

His mouth smiled, but his eyes twinkled.

The first thing to do is to find out what happened.

“Have you been scolded by my nephew, Mr. Lee?”

Lee Min-seop, president of the company, conveyed what he had heard from Do-hyung Jang, executive director. It’s different in that it’s a slightly more aggravated tone, but I didn’t forget to try to convey the truth as much as possible without adding or subtracting.

“Um…”

Jin Young-ki, who heard the story, became busy in his head. Because it might be an opportunity.

“So my nephew doesn’t like the credit card company very much?”

“yes. I don’t know where or from whom I heard what.”

“Probably because of my father.”

“yes? Are you talking about the president?”

Jinyoung nodded his head.

“You weren’t willing to go into the credit card business. He shook his head saying it was an interest game business. The world has changed and credit cards have become a necessity, so you reluctantly started. Do-joon must have been affected by that…”

“Ah…”

CEO Lee Min-seop thought he was using the knowledge he had learned from the stock market when Jin Do-jun first complained about insolvency and recovery rates.

However, when he learned that he was influenced by the older generation, who only valued cash, he became even more angry.

“Is there anything else you can say? About our Dojunie?”

President Lee Min-seop poured out words as if he had been waiting for the interest of Vice Chairman Jin Young-ki.

“I think I was wrong all along. I thought Dojunie was a pretty clever kid and had enough managerial qualities…”

“Did I get it wrong?”

“Separation of ownership and management, as a major shareholder in responsible management, I thought that when I said everything was evaluated by professional managers, I was steeped in Western thinking. But on second thought, it was just annoying.”

“Are you bothered?”

“yes. Think about it. I’m a kid who just graduated from college. Besides, the youngest. Wouldn’t it be nice to hang out with adults like us? Moreover, he only learned to invest in stocks while staring at the monitor.”

President Lee Min-seop created a new fact by mixing the words he heard from Jang Do-hyung with his own wishes.

When Vice Chairman Jin Young-ki listened with interest, I wanted to believe that it was even more true.

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