[058]Is it a fight or a sport?
I only walked one way.
I had to walk only one way.
I will only walk one way.
– Ajin Motor
Korea’s first van.
Korea’s first compact SUV
Korea’s first compact car. This is the road of
Korea’s first OOO
Ajin Motor.
Chairman Joo Young-il, staring at the full-page advertisement in the Hanseong Ilbo, threw the newspaper away.
“What is this? Why is Song Hyun-chang doing this?”
There was only bloody tension in the conference room. Someone needs to step up and give a plausible explanation for that ad.
“This is the final struggle. Nothing to worry about.”
It should have seemed so, but it didn’t.
Chairman Joo’s eyes became sharper and his voice rose higher.
“okay? But why doesn’t it look like a struggle in my eyes? Does it look like a highly planned job is proceeding step by step!”
Chairman Joo picked up the discarded newspaper again.
“See three circles here? Ding Ding Ding! What do you think will go in this? Isn’t that a new car coming out in the future? It’s also Korea’s first! It contains the will to continue living. I don’t know?”
A cold wind blew through the meeting room again.
As everyone looked at each other, someone broke the silence and cautiously opened their mouth.
“That Chairman.”
“what?”
“The information team caught some suspicious rumors, but…”
Everyone’s eyes were focused on the person who opened the mouth.
It was a look that sincerely hoped that the new information would clear up today’s full-page advertisement.
“Before the takeover of Ajin, we caught the rumor that there are other places to jump in besides our Daehyun. Reliability is not even a level to talk about.”
“where are you? that is?”
“There is a rumor that an investment company is waiting with full preparation.”
“Investor?”
“yes. It’s called Miracle Investment… I don’t know if you remember it, but it’s a place where I soaked my hands during the takeover of Hando Steel.”
Chairman Joo’s eyebrows twitched. It’s not a name I can’t remember.
“They again?”
A place where foreign investors constantly put their heat on the hunt for Korean companies. It’s embarrassing to just dismiss it as a rumor.
“yes. However, it may be a rumor spread by creditors to increase the acquisition price. It is more advantageous to have competition than to stand alone.”
“You bastard! What if I report it now!”
“yes?”
The reporter only blinked at Chairman Joo’s unruly command, which fell again. It was just a simple rumor, but it was difficult for all the executives who attended the meeting to understand why they were so sensitive.
“Don’t you know that the creditors and the government have already discussed it? The story is over! It’s an impossible story to light a fire now! But what about competition? Their promise is to hand over Ajin Motors before the year-end presidential election. There is no reason to make it difficult for nothing.”
Chairman Joo got up from his chair and walked around, perhaps nervously.
It is still vivid that this guy joined in and hit the candle before the takeover of Hando Steel. Hando Steel owns the real exhaust land. I couldn’t eat it, so my teeth are still grinding, but I intervene again.
The presidential election is only a few months away. This time, you shouldn’t leave a single breakout variable.
Chairman Joo, who was wandering around, stopped.
“I go to their company. I’ll have to see for myself if it’s just a rumor or if it’s true.”
* * *
“Dae-representative. A guest has come.”
Suddenly the door burst open and the secretary jumped in. Her eyes were wide enough to tear, as if she had seen a monster.
“Who are you? Why are you making such a fuss?”
“That’s because the chairman of the Daehyun Group…”
“What?”
Oh Se-hyeon and I jumped up at the same time. Our reaction was no different from that of a secretary who made a fuss.
“Now, tell me to wait a moment.”
The two of us looked at each other with urgent faces and sorted out the scattered papers on the table.
“I’ll be in the conference room next to my uncle. Turn on the intercom. I need to hear what you are talking about.”
“okay. It would be a waste if I knew your face. You sold your face on TV.”
I put on my hat, opened the door to the CEO’s office, and came out quietly. Avoiding the gaze of Daehyun Group Chairman, who was watching me carefully, I entered the conference room at the end of the hallway and hurriedly turned on the speaker of the phone.
“welcome. President.”
As Oh Se-hyun lowered his head, Chairman Joo Young-il held out his hand.
“Thank you for being so welcoming to an uninvited guest who came unexpectedly. I hope this is not rude.”
“There will be no place in Korea to treat the president as an uninvited guest. Don’t mind it.”
When Oh Se-hyeon handed over his business card, the middle-aged man who came with Chairman Joo took it and tried to hand it to him, but Chairman Joo shook his hand.
“I can’t give a secretary’s business card to a subject who came to me out of the blue.”
Chairman Joo took out a business card from his pocket and handed it to him.
Daehyun Group Joo Young-il.
And a business card with a cell phone number on it.
Oh Se-hyeon became one of the few key people who could make direct phone calls with Chairman Joo Young-il. I also knew the number of Jin, the chairman of the Sunyang Group, so I didn’t even know it was on my 10 fingers.
“It’s shabby, but please sit down.”
When Oh Se-hyeon suggested a seat, Chairman Joo smiled slightly.
“How can a company that overtakes Ajin Motor be shabby? You are humble.”
Oh Se-hyeon’s hand hesitated, but he soon found peace.
There is no reason for reputation to be weighed down. Now we are sitting at the same table.
In order to take over Ajin Motors, they are playing cards with the same qualifications.
The only difference is the difference in stakes, but it is not a big enough difference to be pushed one way.
“Are these rumors fast? Or is Daehyeon Group’s intelligence superior?”
A frown appeared on Chairman Joo’s face. Even if it was true, I thought you would hide it, but to be so confident. It became much more comfortable when I skipped the useless fight.
“You go out for a while. I guess we should talk alone.”
“yes. President.”
The middle-aged man who came with me bowed and quietly withdrew.
“If you don’t hide it, the story will be quick. I’ll tell you my straight forward words. What do you want?”
“Of course he wants Ajin Motors. Anything else out there?”
“Eating Ajin. What next? The only question is whether you plan to buy it big and divide it up and sell it, or if you want to get fat and sell it with a higher price.”
“Have you seen today’s advertisement in the Hansung Ilbo?”
When Oh Se-hyeon picked up the newspaper, Chairman Joo waved his hand.
“I saw it. I don’t want to see it twice.”
“I really like this ad. A car that will fit inside the ding ding ding ding ding ting. Isn’t it an ad that makes you want to try making it yourself?”
Chairman Joo glanced at the monitor on Oh Se-hyun’s desk.
“Cha with the eyes that only looked at the stock price graph? The dream is wild.”
“Because I have enough money to make my dream a reality. Money is good. Hehe.”
Chairman Joo’s jaw twitched as if he had clenched his teeth.
How dare you show such an openly mocking smile in front of yourself.
“Stop the bullshit and tell me what you want. Isn’t that an investment company? Invest and reap… This is the original purpose, so just say how much difference you want and you can avoid a futile fight.”
“So you’re saying you’re going to give me the price of getting out of the fight?”
“exactly. It’s just a hassle to fight to raise the price. Isn’t it a good opportunity?”
It wasn’t until Oh Se-hyeon entered the big fight that he began to see the true face of Korea’s chaebol conglomerates.
They don’t fight and win, but get rid of the fight itself. Judging from Chairman Joo’s expression, he seems to accept it even if he calls for 100 billion won.
Even so, since it is a single bid, it is enough to write a low amount of 100 billion won in the bidding documents.
“You seem to have misunderstood this…. Our investors also have enough money. You want to have fun now. All of them are car enthusiasts, so they just want car manufacturers.”
A toy company is bought for a toy-loving child.
This absurd sound means only one thing. There is no negotiation.
“Wouldn’t it be hard to find a foothold in a single article about the outflow of national wealth due to foreign speculative capital? The patriotism of Koreans is second to none.”
“If you look at the bidding price, all Koreans will know who is more patriotic.”
It is a warning that you will not be pushed by money.
Chairman Joo clearly knew Miracle’s will. It was not a will to be covered up by nonsense about being a dream or a car enthusiast.
As Chairman Joo was about to stand up with a shallow grunt, Oh Se-hyeon’s cell phone rang.
“sorry. President. It’s a call I must answer…”
Chairman Joo nodded and raised his teacup.
“Feel free to call me.”
Chairman Joo wondered who Se-hyun Oh was talking to in a low voice in the corner of the office. Who should you call in the middle of an important conversation with a mogul like yourself?
Oh Se-hyun, who returned to her seat after a short phone call, had nothing to hide.
“My secretary must have informed the main investor of our company that the chairman has arrived.”
“You mean CEO Oh’s water supply?”
“yes. That’s it.”
“Did you give any important instructions?”
Oh Se-hyun scratched the back of his head and showed an embarrassing smile.
“You are a very direct and efficient person…….”
“What? What do you want to say?”
A glint of anticipation flickered on Chairman Joo’s face. Maybe you want to avoid competition?
“How about uncovering everything except the hidden ones… I think it’s mutually beneficial to fill up everything that can be covered with public funds and compete only with the acquisition price. It’s a win-win. No matter who wins, it’s a low-damage method.”
“Are you saying that now?”
Among the non-price factors, the proposal to unite the demands of the creditors and set the bidding price alone.
Chairman Joo was dumbfounded. How can you say such an offer with a casual face?
“It was the chairman who broke into the office without any hesitation and said that he would compensate with money if he got out of the bidding competition. Since you suggested the expedient first, I’ll tell you. If you set the rules for fighting, it becomes a sport. Wouldn’t that raise your dignity?”
Chairman Joo stood up from the sofa while glaring at Oh Se-hyeon, who spoke with a smirk.
“What a fun friend. It’s been a long time since I’ve had a proper fight. dignity? The name Daehyeon wasn’t made with dignity. I’ll clearly engrave the name that was built by fighting while rolling in the mud. Look forward to it.”
Seeing the back of Chairman Joo as he kicked out the door, Oh Se-hyeon worried that he might have said something useless.
After confirming the sound of the door opening through the intercom, I quickly ran to the representative’s office.
“hey! Didn’t you touch this wrong?”
Upon seeing my face, my uncle exclaimed anxiously.
“why? Was it nasty?”
“Did you hear that too? No, you should have seen the expression. Fighting spirit flowed across the old man’s face. Was it creepy?”
did i get it wrong? No way?
“Your uncle didn’t like me either?”
“no. it was appropriate So I just suggested it. If both sides have the same demand for debt relief at the time of bidding, the creditors have no choice but to accept it. And the creditors must have guaranteed huge debt relief to the Daehyun Group.”
Oh Se-hyun glanced at my face and smiled.
“You’re from a conglomerate family, too.”
“Why are you suddenly like that? Isn’t that the 3rd generation chaebol?”
“I’m not arrogant, I’m not lazy, and I keep forgetting because I study diligently. But seeing that he came up with debt relief in such a short moment, I thought it was amazing.”
There were many things I wanted to say while watching Oh Se-hyun smile bitterly, but I held back. It is actions, not words, that show sincerity.
All you have to do is show that you are the only conglomerate that does not spend national money as if it were your own.
“Let’s fix the paperwork. Double the debt relief estimate and recalculate.”
“what? hey! I didn’t hear what Chairman Joo said…”
“I heard. You can just ignore it.”
Oh Se-hyeon’s concerns are useless. It was just a word that Chairman Joo Young-il uttered in a fit of rage.
mud? fight?
It’s all an old story. The current chairman, Joo Young-il, is a conglomerate to the core. There is no conglomerate that rejects a proposal to unite and save money.
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