The Youngest Son Of A Rich Family - Chapter 52

[052]When telling a

secret

“He says everything. President.”

When Chairman Jin opened the door to the private dining room of the Japanese restaurant, three bank presidents stood up.

“Come on, let’s sit down.”

As the bank presidents settled down politely, the dishes began to arrive.

“I heard that President Ajin Song often attends the three of you these days… How is it?”

The bank presidents, who were holding chopsticks, hesitated and put them down again. I didn’t expect it to start without a gap.

“I tend to go to Yeouido more often than we do.”

“It seems that you are busy moving to line up the next regime.”

“There is not much effect. It’s not going to help him in his presidency.”

Chairman Jin nodded and put a piece of sashimi in his mouth.

Only then did the bank presidents raise their chopsticks again.

“The trend doesn’t change?”

The three bank heads exchanged glances with each other and put down their spoons. I had to give up eating until President Jin’s story was over.

“Is there anything the president wants us to ask…?”

“Because Chairman Song looks salty. Neither do I know. I hope you don’t press too hard… What do you think?’

‘I’m sorry. Since we also have a position …. The pressure from economic officials to deal with it quickly is severe.”

“Chairman Joo seems to have cooked a lot of rice cakes. You can see it moving all the way to the Blue House.”

I called him an economic bureaucrat, but it was useless. Isn’t it Chairman Jin who knows exactly how this floor works?

“Did the chairman also have Ajin Motors in mind?”

Banks don’t have to get involved in a whale fight. The fight is between the two groups, and the bank has to follow the results.

The point to be grasped now is to figure out whether or not the Sunyang Group will attack with a spoon, even if belatedly.

“Let’s not talk about long conversations at the dinner table. Let’s just ask for one. Please delay as long as possible. If it gets to the point where you can’t stand it, let me know.”

The three bank presidents looked at each other and nodded. If you do this enough, you can eat comfortably.

President Jin, who got the answer he wanted, smiled broadly.

“Let’s go to sleep. It seems that the sashimi is exceptionally fresh today.”

* * *

“I met Hak-jae Lee, the head of the department, yesterday. Your grandfather seemed to be very angry.”

“Is it because of Daehyun Group?”

“okay. You own 7 percent of Ajin’s car stock, and you must want to shake the board with it. It puts me first.”

“how?”

“Chairman Jin has a slush fund of 100 billion won in our Miracle, right? They told me to use it to buy stocks and to assert the rights of the majority shareholder.”

“You must have refused, right? There would be no reason to buy stocks that are crashing.”

Oh Se-hyun nodded lightly.

But his mind has already been read. I am not the kind of person who will bring up a story that has been rejected and ended.

“By the way, I think Uncle has something to say?”

Oh Se-hyeon cleared his throat a little, then slowly opened his mouth while looking at me.

“Are you serious about wanting to own Ajin Motor?”

“yes.”

“It is a large business group with sales exceeding 14 trillion won. Taking over the parent company, Ajin Motors, means taking over the Ajin Group.”

Oh Se-hyun was clearly excited.

“If… if. What do you plan on taking over Ajin?”

“What would you like your uncle to do?”

“If you think rationally, you should close all 28 affiliates. Throw away what is to be thrown away, weigh it, get the scrap metal price, and pass on the usable one at cost.”

“Do you sell expensive things at high prices?”

“I’m selling it to the guy who gives me even one more 10,000 won bill.”

This is just a gambler’s answer.

“Unless you are rational.”

Oh Se-hyeon’s mouth went up slightly, and even his face turned a little red.

“I’m trying to live properly. After cutting out the damaged part, apply some red medicine and give a nutrient injection.”

“And then?”

“That’s…”

Now his expression changed to a regretful expression. I could see that it was such a complicated state of mind.

“That’s it. I don’t have the confidence to manage a large company with both hands. I want to, but it’s beyond my ability.”

“Then how about going there? Then, go there and think about it slowly.”

“The first thing to consider is that even if we jump into the takeover battle, the win rate is low. No, it would be more accurate to assume that there is none.”

“Then why are you suddenly interested? Aren’t you the kind of person who would sit on a table with a low odds?”

Oh Se-hyun lowered her voice.

“If your grandfather’s 7% stock of Ajin Motors is in our hands, we can use it to look into the inside of Ajin Motors. And…”

“And what else?”

“Your grandfather, Chairman Jin.”

also!

It is difficult without borrowing the power of Sunyang.

“You can cover the purchase price of Ajin Motors with your own money. But you know that it’s not a game that can only be done with stakes. I need the power to breathe into the judges, creditors, and the political world… Is there another place that is comparable to the Daehyun Group other than Sunyang?”

Oh Se-hyun’s eyes looking at me.

It is the look of a child asking to buy a toy.

“All right. Then my uncle also agreed.”

After making the decision, Oh Se-hyeon looks rather calm.

28 subsidiaries, over 50,000 employees, KRW 14 trillion in sales.

It’s a huge stake where the winner eats it all.

If you are a soldier going to a war where money instead of bullets will be shed instead of casualties and tens of thousands of people’s livelihoods cut off, shouldn’t you keep your composure rather than excitement?

“I’m going to meet Chief Lee Hak-jae. You…”

“I will meet Sunyang Group Chairman Jin Yang-cheol.”

The two of us facing each other exchanged a handshake with a smile.

* * *

“You’ll have to give me a big chin.”

“I always wanted to give CEO Oh a big shot, but didn’t he make me angry every time he did?”

“It will be different this time.”

“Well… I volunteered to meet you first, so I’ll look forward to it.”

Lee Hak-jae intended to meet and persuade him several times in order to carry out the chairman’s instructions. When I asked to meet him first in such a car, he came running in a month and started with positive words, so I couldn’t help but look forward to it.

“I persuaded Miracle’s shareholders and investors. The nature of money was explained and the status of Sunyang Group in Korea was explained in detail.”

“Ajin Motor stocks…?”

“yes. We got approval to take over all the shares and show the rights of shareholders.”

First of all, I threw a good story. Give one and receive one. Isn’t it basic?

Oh Se-hyun scratched his head as if he was embarrassed as he looked at Chief Lee Hak-jae, whose expression suddenly brightened.

“But there are conditions. This is a condition that cannot be conceded, so I hope the manager will understand.”

This is the one holding the money anyway. I had no intention of just throwing it away just because it was money without a name tag.

Oh Se-hyeon is a person whose instinct is to save even a penny and earn more. If you make good use of this opportunity, another large amount of money will come in.

“It feels strong- but? In particular, the fact that it cannot be conceded is …….”

“When deciding the acquisition amount, they say to consider reality. They objected to investing 100 billion won in stocks of companies that were going bankrupt, which might become pieces of toilet paper.”

Lee Hak-jae thought about priorities.

The first is to look into the inside of Ajin Motors and find the number of cases that will hinder the acquisition of Daehyun Group.

The second is to find slush funds.

The stock price of Ajin Motors plummets day by day. Maybe holding a stock and suffering a bigger loss when this becomes a piece of toilet paper.

“How much do you want?”

“Half of five hundred billion.”

Lee Hak-jae’s worries did not last long.

“I accept. But give me some time.”

“How about time?”

“It’s time to report to the president and convince him.”

“Oh, of course you have to wait for that much. But you’d better hurry. The rumors going around Yeouido are worse than you can imagine. It’s as if Ajin will go bankrupt tomorrow.”

“I know. But there is still plenty of time. Because our cruiser will make up for the lack of time.”

I could see the pride or arrogance revealed in the word sunyang.

“These days, Chairman Song of Ahjin runs here and there and joins. Our president has already put in a few calls. I ask that you carefully consider President Song’s request. The time to refuse his request will probably be decided by our president.”

“If that’s the case, please hurry up anyway. Before our investors change their minds.”

Oh Se-hyun did not forget the last bluffing. Someone who knows that not giving them time to think is the best way to avoid losing control.

* * *

“You bastard. why don’t you go to school? The president even called.”

“Admission is the goal, not graduation. And I’ve only studied until now, but I need to play a little too.”

“what? play? Is this guy even lying to this old lady? Did you think I wouldn’t know that you go to Yeouido instead of school early in the morning?”

Aww!

Deputy Kim Yun-seok’s report goes all the way to his grandfather.

I thought Chief Lee Hak-jae would cut me in the middle…. Is he a person who has nothing to hide?

“That’s what I play.”

“They said that if you don’t have enough days to attend, you’ll be delayed, so they even gave me money through our Sunyang Scholarship Foundation, you bastard. How come your attendance fee is more than the tuition fee?”

oh i really want to go back

I was planning to go to college for about 67 years, but my grandfather was interfering with me without my knowledge.

I think I will have to take a leave of absence at the end of the first semester. From the second half of this year to the first half of next year, I will be very busy.

“Donating scholarships is a good thing.”

At my bitter expression, my grandfather smiles and pokes at me.

“By the way, what are you doing at the Yeouido office all day? Are you learning something from someone like Oh Se-hyeon?”

“That’s it. Now I am studying Ajin Motors.”

“what? Ah Jin?”

You will be amazed. interests coincide.

“yes. No matter how you look at it, it looks like you’ll get rich soon, right?”

Grandpa looked at me with a very interested expression and opened his mouth.

“okay? Why do you think so?”

“First of all, the financial sector turned around, and sales of Ajin Motors were low due to the good performance of Woosung Motors last year. Of course, the liquid funds must have dried up… and the Daehyun Group started to choke.”

“Then what if it goes bankrupt?”

“Quickly someone will snatch it. Just like my grandfather snatched Hando Steel.”

A smile slowly spread across Grandpa’s face.

This is because the eldest grandson, Jin Young-joon, who is involved in management, may have been informed of this opinion, but it is clear that he will not be able to come up with it himself.

“That’s an 80-point answer.”

“Why not a perfect score?”

“You have to guess who snatches it for a hundred points.”

“Because no one knows that yet.”

“Didn’t you say it with your mouth? The Daehyun group is strangling me.”

“Where has there been one or two occasions when you turned on waste water but couldn’t even make it and drank water? It’s hard to say for sure until you get your hands on it.”

Grandpa’s smile faded, and questions continued.

“Is that so? Even if Ajin Motors is put up for sale, there is no one to buy it. You know that the atmosphere right now is unusual, right?”

“yes. You mean the foreign exchange crisis that started in Southeast Asia, right?”

“okay. We’ll have to take care of ourselves too. A few chaebols have already collapsed. So everyone either has no money or is saving. Ah-jin only has the purchasing power of our Sunyang and Daehyeon… but I have already spent the money.”

“Aren’t there places that are still hiding under the surface? I mean, for example.”

“Well, there must be a place like that… What? What did you just say?”

I wanted to speak carefully. The shock was so great that Grandpa’s chin trembled.

It would be a big deal if I fell down like this, but I was too careless.

“Are you okay, Grandpa?”

“Hey. This halbi is fine. Just repeat what you said a little while ago. What did you say?”

“So I might take over Ajin Group. You didn’t hear me wrong.”

I tried to speak as carefully as possible, but to no avail. He even grabbed the back of my neck.

“Are you okay, Grandpa?”

Grandpa waved his hand, picked up a glass of water, and began to drink.

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