# 505
The Legend of Return,
Chapter 505. Crazy Genius (1)
“Asmat Group’s chairman Rahul met Jang Tae-san?”
“That’s right. President.”
“what brings you here?”
“It looks like a Samryong car problem.”
“I don’t think I’ll be able to live with money unless I’m crazy…”
“I haven’t figured it out yet.”
“The thunder-naked bastard is running a car business. Are you sure Wall Street guys have money? Isn’t that guy money?”
“US capital participated in the form of a consortium. The exact source of the funds is not known, but it is clear that the Robert Ryan Company is involved.”
“Are you Robert Ryan again? What is that child so greedy for? Is that why you moved with a little boy named Jang Tae-san? Still don’t make sense? If you think you’re going to pour that money into Samryong, you should have bought our stock!”
In the office of the chairman of the Yantai Automobile Group, the voice of Chairman Jun-gu Jeon resonated.
Chairman Jeon-gu Jeon-gu of the toad resembling a bull had a radical personality.
He resembled the fiery personality of his father, Chairman Jeon Joon-young.
However, contrary to his outward appearance, his eyes were very quick.
Even when the group was divided, they quickly took care of the net exhaustion.
There are also many lines in the political world, and I safely passed through the cold wave that hit me through various channels, including the IMF.
By absorbing even the deadline car, he grew bigger.
It swept the domestic market, added its strength, knocked on the global market, and it worked.
It has succeeded in supplying consumers with cars that are affordable and suitable for riding.
At the same time, that part became a weakness.
Even if it tries to challenge the luxury car market, the low-priced image of the past continues to hold back.
Chairman Jeon-gu Jeon-gu, who was waiting for the time to leap forward, fell into trouble.
‘What the hell were you talking about with Samryong?’
Chairman Rahul Asmat had a rivalry with Yantai Motors in India with the Tutu car.
The Asmat group was by no means an opponent to be ignored.
It was a recognized powerhouse in the field of small cars and agricultural machinery.
Yantai Motor, which entered India in 1998, was laying the groundwork by introducing locally customized vehicles.
Currently, the focus is on small cars, but if India’s latent consumer sentiment explodes, a luxury car market like China will be formed.
I was investing in the market for a long time, but something unpleasant happened unexpectedly.
‘Jang Tae-san’s son is a problem…..’
One day, the name Jang Tae-san started to come into my ears.
At first, I thought it was nothing and ignored it.
Even when the Ahn group was disbanded, I thought it was just an infiltration of foreign capital.
However, the name appeared simultaneously in several cases, including her daughter’s takeover of the gallery.
I quickly found out through the group’s informants that he had become an unexpected bigwig.
Not only Chairman Oh Jeong, but also the directors of the law firm were very close, so I couldn’t even approach him carelessly.
The combined talent was also not common.
He earned trillions of dollars in one sitting by managing stock and futures investment techniques with his brilliant mind.
All the circumstances were confirmed through information collected belatedly.
At one time, he invested in stocks and went negative, but as the stock market boomed, he made huge profits in an instant.
He was also good at studying and was enrolled in law school at Korea University. He won a bronze medal at the Winter Olympics and was legally exempted from military service.
A guy who surpasses the average person met Chairman Rahul this time.
It was certain that they met through the acquisition of Samryong Motors.
It proudly brought in foreign capital to secure the position of the preferred negotiator for Samryong Motors.
Jang Tae-san promised to take on all the debts of the creditors and solve the housing problem of the union members of Samryongcha.
In addition, he was the one who perfectly solved the reinstatement of laid-off employees.
The impact even reached the Union Motor Workers’ Union, causing the atmosphere to squirm secretly.
As the employee welfare problem presented by Samryongcha was resolved, dissatisfaction with it was expressed.
“Former Daewoong Motors CEO Hyun Dong-yeong contacted Jang Tae-san.”
“Hyun Dong-young?”
It was a name that even the chairman of the professional district knew.
He was the one who made the solidarity very painful when he was the CEO of Daewoong Motors.
Under the command of Chairman Do Woon-jung, he penetrated the world market faster than Yantai.
If Daewoong hadn’t gone bankrupt, there would be no Yeondae Motor today.
It was Daewoong Motors, which secured automobile factories from the United States to Russia, India, Vietnam, and Eastern Europe through fleet management.
Even if the IMF broke out a year late, Daewoong would not have collapsed so much.
At that time, the young representative in his late 40s who was leading Daewoong was Hyun Dong-young.
I am now in my 60s, but I was afraid.
A few years ago, he disappeared from the business world as the last sales representative of Daewoong Motors, but his skills remained deeply in the minds of professional players.
“I don’t think you want to leave the Samryong car.”
The report from Vice Chairman Jeong Jin-hwan of the Planning and Coordination Office, who is the right-hand man of Chairman Jeonmun-gu, continued.
He was a well-known planner with a heavy mouth that Chairman Jeonmun-gu had been with since the launch of the solidarity group.
“No matter how much Hyeon Dong-young is, three dragons are unreasonable. Do you think ignorant bastards who still use the frame method will have a competitive edge?”
Jian Gu openly ignored the three dragons.
Although the times have changed and the cost has to be reduced through the monococo method, Samryong was unable to do so.
Due to the old factory facilities and lack of know-how, they relied on past design methods.
It is sturdy, but fuel efficiency is poor and, above all, the manufacturing cost is high.
Most of the engines and missions depended on imports, so it was at the level of assembling parts.
Those were the guys who went to the water.
“I guess I’ll have to keep watching. It’s kind of embarrassing.”
Vice Chairman Jeong Jin-hwan flashed his unique sharp eyes.
“yes? Do you think so too?”
Chairman Jeonmun-gu, who inherited his father’s way of speaking, quietly asked with a sympathetic gaze.
“TS Group and Cheonil Group started exchanging companies. There seems to be something up.”
“Wall Street guys do it all the same. I’m not doing this to grow the company and sell it at a high price.”
Solidarity groups hit hard during the IMF were allergic to foreign funds.
I never imagined that the Daewoong Group would be disintegrated overnight and become prey to foreign capital.
“It smells bad… it smells.”
“Me too… that young bastard named Jang Tae-san… there’s something… something.”
Two people who can be said to be the protagonists of the Korean economy sniffed.
The smell, not sure, but very foreboding.
But it still smelled like smoke.
***
“It’s an honor to meet the boss!”
The Daewoong Men showed absolute loyalty in dealing with their superiors.
In this respect, Chairman Do Woon-joong’s management style suited me.
“Please have a seat.”
“thank you!”
A gentleman in his 60s but in his early 50s sat down on the sofa with his head bowed.
Chairman Do Woon-jung did not refuse my request.
Former CEO Hyun Dong-young, who pushed Daewoong Motor hotly, was attached.
Today is interview day.
I got lucky with Chairman Ha Kwan-woo and CEO Hwang Hyo-gwan of Cheonil Construction.
As if they had heard the news in detail, they also greeted Hyun Dong-young.
After a long time, I also talked to Chairman Do Woon-joong.
He said that he is a useful person, so please take good care of him.
“Chairman Do Woon-jung praised me a lot.”
“It is overrated. The president also heard that the boss… is an amazing person.”
Basically, greetings like good words came and went.
“Let’s get straight to the point.”
“I will listen.”
“You will be taking over Samryong Motors.”
“First of all, I heard that you obtained negotiator status.”
“It is almost certain. We decided to take over all of our contingent liabilities. If you refuse, the creditors are idiots.”
Bank money was all people’s money.
They had a performance party among themselves, but in the end, it was the flesh of the people who shed blood and sweat to save.
I wasn’t unconscionable enough to live off of it.
Taking a couple of billions of dollars off my income made no sense.
“I think it is a very unconventional acquisition condition. I would like to pay homage to the personality of the boss.”
All experts know this.
The fact that I’m spreading endlessly right now.
“What do you think of the Samryong car?”
“To be honest, the recovery value is not that great. The competitiveness of automobiles has been on the bottom due to negligent management by business owners. The expected economies of scale are not realized. Except for the title of SUV head price, public awareness is low.”
It was a realistic and sober judgment.
“I intend to save it.”
“… I’m afraid, but Samryong is a structure that has no choice but to accumulate deficit.”
“You have to change. all.”
came out strong
“The consortium that acquired Samryong also embraced the ‘volume’. I am thinking of integrating it.”
“yes? Integration with Bo Bolbu?”
“Volbu is a company that has strengths in automotive engineering that are not inferior to any other company so far. When combined with the three dragons, I think the synergistic effect will be more than expected.”
“The ball part is not cheap.”
“Bolbu will go out as a luxury brand. The three dragons will go as they are.”
“Boss….. The automobile industry is like an organic life, so it is difficult to grow overnight.”
“Prepare a new factory. We need to focus on reducing the weight of vehicles and improving fuel efficiency.”
“That means…”
“Produce the main car body with ultra-high-strength steel with a tensile strength of 1500mpa or more, in which high-temperature forming and cooling are performed simultaneously in the monococo assembly method. It should score the highest on the IIHS small overlap test.”
“!!!”
At my words, the reserve representative Hyun Dong-young made a rather surprised expression.
“Bo Boss. When the hot stamping method is used, productivity decreases and the unit cost of mold production soars. It will affect the rate of return.”
“I understand that the factory cost of a mid-sized car is 50% to 60% of the selling price. Is that correct?”
“The factory cost is the same, but the margin rate is between 10% and 15%, including advertising, research, operating expenses, and after-sales expenses. The vortex is thinner.”
“Be sure to proceed as is. Build an automated equipment factory. The factory site remains. The SUV, Samryong’s main model, has a higher margin rate. We must embrace values and heritage that enable consumers to lead a convenient life. Consumers cannot survive in the future automobile market unless their trust and affection for cars springs up.”
“Hmm…”
Hyeon Dong-yeong let out a deep moan.
The car development period/ took at least 3 years.
There was no way he didn’t know that it was about tearing it apart and fixing it.
“Prepare a new large SUV and a midsize SUV at the same time. The investment amount is more than 300 billion won per car. We plan to expand the R&D development department to the size of Yantai Automobile. It doesn’t matter if you mobilize your personal connections from the days of Daewoong Motors. Please note that we will be dispatching researchers from Volbu as well.”
“…..”
Preliminary CEO Hyun Dong-young looked blank as he frantically revealed the blueprint for the Samryong car.
And the talk isn’t over yet.
“Introduce the latest electronic equipment, including acoustics. If you don’t cheapen the consumer’s sensibility, the car business has no choice but to succeed. It doesn’t matter if the margin rate is lowered. AS is 100,000 km in 5 years. Once you ride it, it shouldn’t break down for at least that long.”
Hyun Dong-yeong’s eyes shook mercilessly.
It was true that the quality of cars was ruined by trying to lower the cost.
No matter how much consumers cherish and use it, it was natural that it would break down frequently if the quality was low.
To gain the trust of consumers, it had to be stopped.
Safe and trouble-free, future-oriented design and application of new technology had to be harmonized.
If that were the case, it would be easy for consumers who had turned their backs to come back.
In particular, the world of smartphones and social media has opened wide now.
In the future, it is not an era that can be hidden even if we try to hide it more.
Only by moving forward honestly and silently could it lead to success by touching the hearts of consumers.
“Would you like to take a look at this material?”
I returned the laptop screen that was on the table.
Hyun Dong-young looked at the monitor wondering what it was.
“Huh! This!!!”
***
Hyeon Dong-yeong was completely out of his mind.
I received a call from Chairman Do Woon-joong that he had been selected as the representative of Samryong Motors.
We also heard warnings from TS Group Chairman Ha Kwan-woo.
Without sending a resume, an interview was held at the Samryong Motor Investor’s office.
It was in front of a person called the boss.
Although he was very young, the ability of a young investor to recognize in advance was beyond imagination.
It was enough for competent businessmen to serve as bosses.
The young boss brought up an unconventional story.
It wasn’t just about maintaining the Samryongcha at the current level.
The plan he presented contained great ambitions of conquering the world automobile market.
Hyeon Dong-young quickly noticed his firm will to turn that ambition into a dream.
thud! thud!
Hyun Dong-young’s heart beat as wildly as the young investor’s.
It seemed that the dream of Daewoong Motors, which had not been realized, could be realized here.
Investors who say they will inject hundreds of billions of investment without hesitation.
If you pour that much money, of course, there is no choice but to come out with a masterpiece.
As he said, it was certain that a great synergistic effect would be created when combined with the strong ball in terms of technology.
In the meantime, the nose was very high cheekbones.
The boss held that cheek.
Combined with the durability of Samryongcha, it was able to transform into a world-class manufacturer.
The data screen of the laptop that the boss just showed me.
“Do you like it?”
“Bo Boss…..”
“This guy is a large SUV concept car. This guy is…”
The boss explains the design and brief blueprints of the new car that appeared as the screen automatically changed.
‘Amazing, Great! If these go out into the world…!’
CEO Hyun Dong-young grabbed both hands under the table.
A blueprint for a new car with a design that appeals to consumers even as an automobile expert.
It was certain that the work was completed by experts over many years.
Whoever it was, there was a very intelligent design assistant on the side of the young boss.
“I’ve been bored for a few days, so I drew some designs. Do you like them?”
“yes? How many days??? You mean that too…?”
