The Youngest Son Of A Rich Family - Chapter 308
[308] Proof of value. 1
Whether coldness dwells where miasma disappears, Jin Kyung-jun finally asks the question he should have asked.
“If you take over the entire Sunyang Group, you will have to obey even if you don’t ask. Just like no one disobeyed Grandpa.”
“That’s right.”
He said, confirming my confident attitude.
“The rumors are true. That Miracle is yours and you are the actual ruler of HW Group too…”
I didn’t confirm or deny it, just smiled vaguely. It’s human nature to believe what you want to believe anyway… Faith is my answer.
“But I can’t just trust you and decide. You admit that the position of chairman of the Sunyang Group cannot be won with money alone.”
It seems that reality is gradually returning.
“You want insurance?”
“insurance?”
“okay. Do you want to avoid becoming a Nakdonggang duck egg if I don’t get Sunyang?”
“That’s right. Insurance is the right word. Is it possible?”
“Do you want to become a CEO of construction or heavy industry? Or HW cars? But do you have the confidence to pull it? As I said clearly, if your grades are poor in quantitative numbers, you will be dismissed. Of course, I’m a little more lenient than others.”
“Insurance is insurance… you have to convince me before that.”
“Confidence…”
means the certainty that I will be able to take the group away from his father and older brother.
“Do you know why I want to keep you by my side?”
“I wanted to ask that too. If you’re confident, you don’t even need to want me.”
“The first reason may not be necessary, so I will tell you later. The second is important, but I want you to play the role of a raised hand right away.”
“Rainbow?”
“huh. I am the youngest in this family. If you look at history, when the youngest ascends to the throne, he needs some support. It’s not a stake issue. I want to be acknowledged by everyone that I am the only person suitable for the position.”
“You want all your bloodlines to support you?”
“That’s right. It seems pretty plausible that you support your cousin rather than your own brother.”
When Chungnyeongdaegun ascended to the crown prince, the mighty power of Taejong existed. Instead of Taejong, I want the support of everyone in my family.
It is a picture that I want to show not only inside the group but also to the outside political world.
“Isn’t that a reason for my conviction?”
“You already believe that I will take the position of Sunyang’s chairman. If not, you wouldn’t have come to me? Why come to a guy who can’t give you what he wants? is not it?”
It is just to build a justification for betraying his father and older brother. It is a process of brainwashing yourself that you are justified by giving all sorts of reasons and excuses.
“Watch me. If you don’t like it, you can always go back to your family.”
“Once you put the first button on, there is no going back. I can’t go back.”
“The first button is not difficult. Your family will welcome you with open arms?”
Jin Kyung-jun’s expression changed again. These are the eyes of a lighthouse that shines when you are at a loss for what to do right now.
“My uncle’s determination is firm. No matter how much my brother begged me, it wouldn’t change. All of the shares in the group will be owned by Youngjun hyung.”
“so? give up?”
“It should be. there’s no way Take the rest instead.”
“remain?”
“I’m 70 soon after I was born as Sunyang’s eldest son. All you have is a stake? Real estate, securities, deposits, gold bars, etc… Get everything you can. now is the low time You should get it when your uncle feels sorry for his older brother. After a while, that sorry feeling will disappear. Any emotion fades with time.”
“Are you officially declaring that you are leaving the group?”
“Don’t regret leaving, just think about how much you will receive.”
Jin Gyeong-jun closed his mouth and was lost in thought.
The moment you say you will give up your stake, the future changes. Have you already made up your mind and are planning your next move?
“Pack your things and come to Korea. He said he would help with the work next to Yeongjun hyung.”
It was meant to shorten his thinking time.
“what? hey! Are you asking me to sit by your brother’s side? Or at least act as your ganja?”
“Do not misunderstand. Do you want to be the president of electronics? Don’t you at least want to be a product manager? But aiming for that spot without preparation? I assure you, if that’s the case, even if you sit there, you won’t be able to go for half a year. did you say If you don’t have the ability, it’s my policy to cut it right away.”
It’s a bit of a shocked expression.
You should be a little ashamed of yourself for complaining about your situation or whining.
It will be decided now whether we can get rid of the time of the 3rd generation chaebol who only boasts greed and does not develop ability.
If you don’t realize that being a professional manager who receives a salary is your future, you should know that you will forever end your life as an immature boy.
Jin Kyung-jun groaned and stood up.
“Please don’t regret my choice. Otherwise, I will always stand by my brother’s side.”
“I will see you soon. who am I?”
Jin Kyung-jun did not reject my outstretched hand and held it tightly.
* * *
“I… what shall I say? Thank you, my son.”
“no. I realized that protecting the company is the same as protecting my father. I’m sorry for making you feel uncomfortable.”
Vice Chairman Jin Young-ki stroked the back of the second son who had his head bowed.
“Now what can I do for this father? I’ll give my son anything he wants, so tell me. haha.”
Jin Gyeong-jun looked at his father and said carefully.
“Until Youngjun hyung takes his place in the group, I will also help.”
“Oh yeah?”
Vice Chairman Jin Young-ki’s face brightened even more. Isn’t the picture of brothers joining forces side by side that every father looks at with satisfaction?
“But I’m thinking of quitting when Young-Jun hyung steps on the rock.”
“what?”
“Aren’t I also your son? There is a possibility that it will break up again. If I take my place in the group, there will be executives lined up behind me even if I don’t want to. Don’t you know your father well? I mean, the salaried workers turn on the lights in their eyes to pick out the superiors and catch the rope.”
“Did you think that far?”
The deep-seated second son’s words made the father even more moved, and it was regrettable that he did not pay attention to his son who had such a will.
But it has already passed the point where it is difficult to turn back.
Jin Gyeong-jun, who was looking at his father’s expression, said with a little confidence that his strategy had worked.
“It’s okay for me to leave the group, but I thought of the kids. Even so, she’s of Sunyang’s blood…”
“You bastard. Did you think I would let my grandchildren live without praying? do not worry. In the old days, parents passed on the house to the eldest son and the money to the second son. Isn’t the Sunyang Group home to our family? Even if your brother owns the group, I will give you everything I own. Even if it is not three generations, but several generations, you will be able to live happily.”
Seeing his father pounding his chest and shouting loudly, Jin Kyung-jun was relieved.
Instead of begging for more, my father insisted on giving me everything himself. Isn’t this enough success?
When Vice Chairman Jin Young-ki called his eldest son and conveyed his younger brother’s decision, Jin Young-joon also made a bright expression.
“Kyung-jun. Thank you very much. I know you’re making big sacrifices. I will never forget you.”
I’d rather be someone I don’t know.
If you sacrifice for others, you will be evaluated as righteous. Hearing the word “sacrifice” from his older brother, who took up all of it, was all annoyance.
Saying that you will yield at least one thing is more sincere than saying that you will not forget. Seeing Jin Young-ki talking empty words, I thought that my cousin was better.
At least, didn’t that younger brother promise at least a couple of mid-sized affiliates?
“You said you would help me, so come in tomorrow. father. That should be it, right?”
“Of course. Even if we slowly find a person to sit in, we should prepare a seat for our Kyung-joon right away tomorrow. I will give you instructions, so you come quickly and bring your family.”
“Oh no. I only intend to come in.”
“huh? why?”
“There are kids too. When I graduate from school in Australia, I plan to send it to England. You don’t have to bring your kids.”
“okay. That’s not bad either. It’s your family, so you take care of it.”
I felt sorry for my father, who accepted everything well.
Jin Gyeong-jun wanted to avoid hurting his wife and children because of the tough fight ahead.
* * *
It may not be my ability that Jin Kyung-jun wanted to see, but something happened that could further wrap my image. no it will explode soon
I checked an email and immediately answered the phone.
“Rachel. I just checked my mail, is this information reliable?”
– There is no definitive information. It came from the Hong Kong branch…. It wasn’t accurate information, so I personally delivered it to me instead of posting it on the notice email. Some are fact-checked and some are not. The judgment is in your hands. OK?
As soon as I finished the call, I called Vice President Jang Do-hyeong and all the executives of the securities company.
They all couldn’t hide their nervous expressions. It’s because every time I tell everyone to gather, something very big happens.
“Accurately grasp the status of Korean stocks and financial products owned by Deutsche Bank. And find out the total amount of your futures investment.”
“You mean the Korean branch of Deutsche Bank?”
“no. It is necessary to know all the stocks held by the head office and branches around the world. You won’t ask questions like how do you know?”
No one frowned or expressed their difficulties.
Everyone showed signs of fear that the aftershocks of the US financial crisis might strike Korea again.
Deutsche Bank is a global investment bank corresponding to the bulge bracket, standing shoulder to shoulder with Goldman Sachs, Morgan Stanley, JP Morgan, Citigroup, and UBS.
Bulge bracket refers to a top-notch investment bank that has clients around the world and provides almost all services, including financing for securities acquisitions, arranging mergers and acquisitions (M&A) advisory, and more.
Everyone’s heart skips a beat when the name of Bulge Bracket comes up saying that the guy who is surprised to see him grow up is surprised to see the lid of the pot. Because the financial crisis is not over yet.
“I know very well what you are thinking. It’s not yet accurate, so the first step is to understand the situation. Find out carefully and accurately.”
“All right.”
“And ask them to investigate the Hong Kong branch of Sunyang Financial Group as well. Oh, I’ll tell Miracle’s Hong Kong office, so ask them to meet in person to get information.”
“Did Miracle tell you something?”
Vice President Jang Do-hyung asked cautiously.
“yes. I think I heard some rumors from the Hong Kong branch. You know very well that rumors never end with just rumors, right? You have to check thoroughly.”
After the meeting, Vice President Jang Do-hyung, who was left alone, said anxiously.
“Are there any rumors that Deutsche Bank is going bankrupt?”
“no. I think these guys are targeting our Korean stock market.”
“yes?”
“It looks like they are planning to shake up the stock market to make up for the money that was punctured during the subprime in the United States. We have to figure out which method to use.”
“Why do they have to…”
Every time foreign capital shakes the Korean stock market, tens of trillions of money evaporates. Moreover, most of these tens of trillions of money are money of ants, and countless families fall down.
“Isn’t that saying that Korea is still a financially underdeveloped country that can be shaken by outside pranks?”
Clearly, it is correct to view the Korean financial market as easygoing.
I don’t think I’m holding a grudge just because I skipped a bit of money from Deutsche Bank through a credit default swap.
* * *
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