# 469
The Legend of Return
Chapter 469. Social enterprise (1)
“How did the company…..”
Lying in the hospital VIP room, chairman Cheon Jun-yong asked with difficulty as he barely opened his eyes.
No one was hit at the shareholders’ meeting with an unexpected result.
It was more detailed and strong than I thought.
I was completely embarrassed by the mistake I took for granted when I was young.
If President Lotte betrayed him, it was clear that he threw something big.
I believed in the relationship of my father’s father too much.
It was a mistake to believe that I received a lot of preferential treatment through Lotte and that loyalty remained even before the shareholders’ meeting.
The first failure was to forget that companies are living organisms that follow profits.
He also destroyed past partners and subcontractors in a similar way.
So was the pension.
Ignored the background of the United States, which moves foreign hot money.
So far, no foreign company has been greedy for Cheonil.
Foreign funds were reluctant to invest in Korean construction stocks.
They also knew that accounting was messed up and that illegal activities were rampant in most personal connections.
Occasionally, they dipped their toes into large-scale hostile M&As, but mostly dark-haired investors disguised as foreigners.
“….sorry.”
The chief secretary bit his lip and bowed his head.
“There will still be time left to register as a registered director. Before that, organize the paperwork… and crack down on the kids…”
Chun Jun-yong had regrets.
It was impossible to accept the result of the shotgun like this.
“At 5:00 everything was taken care of. As if preparations had already been made, not only the appointment of registered directors, but also a large-scale water change for executives was carried out. All accounting books, including transaction books, have been frozen. External accounting audit firms and law firms are said to be rushing in and analyzing them.”
“Uuuuuuuuuuuuuuuuuuu…”
The work had already gone to the point where it was out of hand.
His eyes were red and bloodshot as if they would pop out of anger.
“It is said that the prosecution started to move at the sound of the change of the construction CEO. There seems to be another invisible hand.”
“Is it his strength?”
“Maybe it is.”
Chun Jun-yong stopped and closed his eyes.
It’s a group that was built somehow, but in just a few months, it knelt down to the guy who thought it was an ignorant kid.
He had a bad eye.
He had a more ruthless look than his father in his youth.
When a group goes bankrupt, it usually leaves slush funds and a few companies, but this guy didn’t think that would happen.
“Cell phone…..”
The chief of staff quietly handed over the cannon phone.
The chief of staff has seen many times in the past how Chairman Cheon Jun-yong handles things in situations like this.
Cheon Joon-yong presses the speed dial for a long time.
– Oh my friend Ai-ga. Do you feel sick?
Gu Kwang-pil answers with a thick dialect.
I watched TV and heard the news about Chairman Cheon Jun-yong.
“I’ll give you 50 cards neatly and anonymously.”
In an emotionless voice, Chairman Cheon Jun-yong simply spit out the business.
– Chapter 50~ What a lot~. You say you’re broke, do you have a lot of money?
“Don’t make me talk too long. Gu Kwang-pil… I still have the power to kill you.”
– …..
There was a moment of silence between the calls.
– ….Hehehe. Cheon Jun-yong is still alive~. So that’s my friend.
Gu Kwang-pil’s voice changed to standard speech.
“Kill me. That should be it.”
– Jang Tae-san’s ransom price has gone up a lot. Still, I’m asking a friend, so don’t listen.
“Yes… Please do this request. Think of me as the price of raising you from the bottom…”
– If you forget grace, you become a beast. I get it. My… I’ll definitely dip that bastard once. Cheek.
“I will also destroy this cell phone. So let’s hear the news on TV.
– okay. Trust me, Gu Kwang-pil.
pop.
Chun Jun-yong pressed the cell phone shutdown button.
I didn’t want to have a long conversation with someone who dared to call me a friend.
Even if you fail, you will be rich for three generations.
He has already put most of his accumulated wealth into secret overseas accounts.
However, Cheon Jun-yong knew that it would not be easy to rebuild a company that had collapsed in this way.
There was no justification for claiming that the general meeting of shareholders was illegal.
The power to check American investment funds did not exist in Korea.
If Cheonil Construction, the core of cross-shareholding, collapsed, other affiliates would collapse like dominoes and disappear.
Industries with overlapping business areas were bound to fall prey to other groups.
A fallen lion is no longer afraid of foxes.
Ilsonghoe, whom he had been loyal to, could not protect him.
Everything he had worked on since his father’s time was washed away in a heavy rain overnight.
What remains is poisonous anger.
Chun Jun-yong clasped his hands tightly and closed his eyes.
belt belt.
Heart rate readings skyrocketed on attached medical instruments.
***
“It is a pleasure to meet you!”
“Congratulations. CEO Hwang.”
How the winner enjoys dinner after battle.
Hyo-gwan Hwang, the CEO of Cheonil Construction, and Kwan-woo Ha, the chairman, were summoned from the office.
It reminded me of a buzzword that says sincerity and kindness come from physical strength, and a bright personality and composure come from a bank account.
There was nothing to frown upon as the Cheonil Group was acquired with ample funds.
The atmosphere was cordial.
“It’s all thanks to the president.”
CEO Hwang Hyo-gwan referred to me as the chairman.
“I am still young. The word chairman is…”
“The boss is the boss.”
The Daewoong Men were sure to be up and down.
Although lacking in creativity, he was reckless in command and loyal to the organization.
Chairman Ha Kwan-woo still called him the boss.
“Please call me boss in private and call me CEO Jang in public.”
I didn’t hate the word boss either.
These days, the title has started to be unified as a boss.
“All right. boss.”
CEO Hwang Hyo-gwan quickly noticed and said clearly that he was the boss.
It could have been misunderstood as a gangster meeting, but in reality it was not at all.
We sat down on the soft leather sofa and chatted.
I saw CEO Hwang Hyo-gwan at the general meeting, but today was the first time I had a face-to-face conversation.
At the recommendation of Chairman Ha Kwan-woo, several people’s resumes were delivered.
Among them, CEO Hyo-gwan Hwang was selected.
It was a typical loyalist view.
Only those who had a vision that would never betray them were kept by their side.
Originally, the instep is the law to be stamped on by an axe, but I wanted to avoid that.
So far, the greetings chosen based on the coronation have been successful.
“Did you get the data?”
“We dispatched lawyers and accountants from Samwoo Law Firm, and experienced experts from construction companies. In the next week, it seems that we will be able to secure the accounting data of embezzlement and breach of trust accumulated through fraudulent methods.
Chairman Ha Kwan-woo answered with confidence.
“As soon as you figure out the data, disclose it to the media and hand it over to the prosecution. Chairman Chun’s stake…. Recover all of them.”
“All right.”
“How is the general meeting of shareholders of affiliates going?”
Domestic acquisition companies were led by Chairman Ha Kwan-woo.
He made good use of the talented people raised by Chairman Do Woon-joong.
“The construction company, which is the core of Cheonil Group’s cross-shareholding, owns a significant number of stocks in other affiliates. When combined with the invested stocks, we will be able to incorporate all of them into affiliates without difficulty.”
CEO Hwang Hyo-gwan replied.
“boss. Cheonil Group is securing a net business more than expected. Construction shows strength in social overhead capital such as roads and ports. Polyethylene and polybutene base oils and films, etc., produced in the oil painting division are supplied with raw materials from Yeochun Energy Division, a joint venture with our TS, to produce products with high added value. And we are recording a huge surplus in the Chinese market.”
Chairman Ha Kwan-woo was surprised to know that there were many net projects.
I was already figuring it out.
Cheonil was a blue-chip company that grew under the protection of the state.
“There is no place to throw away other leisure or energy duty-free shops.”
CEO Hwang Hyo-gwan, who became the CEO of the construction company, has been talking about affiliates.
“Proceed with the acquisition as it is.”
“What will Cheonil University do? It is a collateral side, but the Cheonil Group owns most of the shares.”
CEO Hwang Hyo-gwan asked.
Cheonil Construction had the largest share.
Cheonil University was a junior college, but it was a university with undergraduate programs.
“What do you two think?”
“Since the school is located in the metropolitan area, it is not difficult to obtain new students. Since the number of students is 10,000, it is good in terms of profit.”
Chairman Ha Gwan-woo approached from a profit perspective.
“It is a school with many advantages. I think it would be better to keep it.”
CEO Hwang Hyo-gwan expressed his opinion.
“In what way?”
I asked a question to hear a good reason.
“The world is talking about the 4th industry beyond IT. The reality is that Korean universities are not actively responding to such changes in the world. It is the idea of the founders to use the school for business to make money or for private purposes in pursuit of prestige. As soon as professors become full-time, they are neglecting self-development and are unable to keep pace with social development. Universities must change to create talented people capable of sustainable growth in Korea. Cheonil University has strengths in that respect.”
It was CEO Hwang Hyo-gwan, who had a firm view of education.
“Please keep talking.”
“It is one of the few universities where field-oriented, practical education is practiced rather than expected. It has a high employment rate and is faithfully fulfilling its role as an industry-university cooperation and vocational education institution. If customized practical education is strengthened… I think there will be a tremendous effect in terms of industries and school students.”
I liked the answer.
CEO Hwang Hyo-gwan was a good man.
Chairman Ha Kwan-woo’s discernment in recognizing such a person was great.
“I am hoping for that too. I believe that companies should provide field training for various industries, and schools should nurture talents through education to improve social adaptability and job understanding.”
consent was expressed.
“Open the board of directors and clean up all the branches of the Cheonil Group, including the chairman. And we need to solve youth unemployment by establishing an employment information system that enables career development. At least if you are a graduate of Cheonil University, educate them so that they can become the desired job in each company.”
Added instructions.
“All right.”
I was thinking of going to Cheonil University.
“Please take measures so that all students who wish can enter the dormitory.”
The words continued.
“???”
“I hope to expand school scholarships in connection with national scholarships. About half would be appropriate.”
“The size of the scholarship…”
“About half of the students are fully exempted.”
“!!!”
“Schools cannot be targeted for profit making. It is a space established to foster talent widely for the future of Korea. In addition to Jungyong University, graduates of Cheonil University will be given more than a certain number of preferential employment opportunities at TS Group and Cheonil Group.”
Outrageous remarks followed.
“Of course, this benefit cannot go to everyone. We plan to select excellent talent through accurate grade management. If there is an improper solicitation or transaction of interest… All of them will be punished civilly and criminally, regardless of command.”
“I will do as it is!”
Representatives Hwang Hyo-gwan and Ha Kwan-woo answered vigorously.
“It’s not just words. For example, we plan to hire those who majored in automotive engineering to full-time positions in automobile companies.”
“….boss. The Korean automobile industry rarely hires full-time workers. Most of them are part-time workers or belong to service companies. Because of strong unions, they rarely hire full-time workers, especially in production jobs. Even if there are vacancies, union children are given priority.”
Chairman Ha Kwan-woo pointed out the reality once more.
I knew everything.
“In addition, the union itself is reluctant to hire new employees or tries to recruit them through their own hands. It is an established theory that you need about 100 million won to become a full-time employee.”
CEO Hwang Hyo-gwan also added.
This was also a known issue.
Labor unions, which were once spokespersons for those who did not exist in the past, became vested interests at some point.
For their own benefit, conscience and justice were ruthlessly defeated.
Of course, it is a part of the problem, but the two major unions in Korea have become rotten water.
They snooped on the political world, intervened in their interests, and frequently pressed the government and companies under the pretext of social problems.
“Joining an existing automobile company is not my goal.”
“???”
For a moment, both of them looked at me with blank eyes.
It was an expression of what kind of novel nonsense that was.
“Just in time, a good sale came out.”
“No way… the three dragons…”
CEO Hwang Hyo-gwan asked in surprise in advance.
The hot potato of the current administration was Samryong Motors.
Samryong Motors became an acorn of dog food due to the scam of a jjanggae company.
Last year, the state used public power to strike against structural manipulation.
There was blood and screams roared.
When a company goes bankrupt, of course, jobs disappear.
It was a harsh economic law.
“boss. Samryong is a state in which Chinese capital has seized all technology. The fired unions were also not relieved of their anger. If you buy it for nothing, you may end up in a bad way. It is an unattractive investment destination.”
Chairman Ha Kwan-woo said excitedly.
“Samryong will play a leading role in future car development. There is no non-regular employment. However, I have no intention of being swayed by the union. No one will forgive you if you block the road to the degree.”
Jobs were the country’s competitiveness.
The reason why Germany and Japan have been able to continue to become advanced manufacturing countries is because of the development of the heavy industry sector.
In the United States, the mood changes with the start of the financial crisis.
Realizing that the financial industry was an illusion, he tried to attract industrial companies back to Korea.
“Do you have a good idea?”
Chairman Ha Kwan-woo asked cautiously.
“I am thinking of collaborating with Volbu. In the future, Samryong will become Bolbu Samryong, and we will manufacture cars that ordinary people can use.”
“!!!”
The two of them were genuinely surprised by the word “bolbu”.
“My friend is the owner of the ball part. So don’t be too surprised.”
“Boss…”
“As expected! You are the boss!”
It’s vague, but at the word cheek, the two of them looked at me with awe.
The core material that could cover the maker effect and technology that Samryong lacked was the ball part.
If capital supported it, it could become a new global large car maker.
And in addition to capital, I possessed core technology that no one could imitate.
“And…the two of you, please use a construction company to purchase some land.”
“yes?”
“The land?”
