[137] The last outburst at the end of the century 5
“What do you swallow? We intend to maintain a strong relationship with Sunyang Department Store Group. It’s a good business that will generate quite a bit of revenue in the future.”
In an instant, Oh Se-hyeon turned into a relaxed look.
“That profit is four trillion won? It makes no sense!”
Jin-sang still shouted with an angry face.
“Don’t just think about the cash you hold in your hand. Do not forget that we are the majority shareholder of a group of companies called HW Group. We are participating in the business that President Jin Seo-yoon will carry out in the future. I said ten times the value of all of them. Our experts have already done the calculations. I didn’t say break the deal.”
I barely restrained myself from bursting out laughing.
People who make investments as a business are basically gamblers. Gamblers often commit fraud.
It’s plausible, but it’s just nonsense that has just been pouring out.
My uncle wanted to refute it, but he couldn’t say anything about the authority of the word expert’s calculation.
“Chairman. If it is difficult to get out of the Sunyang Group shares, President Jin Seo-yoon can pay off the debt by doing well in business. Or give me a better suggestion. I will hand over the bonds.”
“A better suggestion?”
“What if our HW Group can participate in Sunyang’s mid- to long-term project and make a lot of money?…” There is
no way that Sunyang Group, which has blocked money from flowing out by creating a subsidiary even cleaning services, will include us in a mid- to long-term project.
Confirming that it was a firm refusal, Uncle Father knew there was no reason to stay any longer.
“I understand the meaning of President Oh well. I will go back and discuss it.”
My uncle threw away his cold eyes and stood up, putting his hand on my shoulder and saying,
“Come home sometime. Let’s have dinner.”
“yes. See you soon.”
When Jin-sang closed the door roughly and left the office, Oh Se-hyeon laughed.
“Your house is really no joke. Look how greedy you are not to lose even a single thing.”
“Where will the bloodline go?”
It’s kind of evasive, but it’s not because I’m greedy. There are many ways to get it back at any time if you give your grandfather’s permission.
What is their black heart?
* * *
“That bastard is not a merchant. Don’t even budge.”
“Even if you give me 100 billion won?”
“Take care of business, not money. They’re thinking of putting straws on us and drinking it for a decade.”
“Did Oh Se-hyeon say that himself?”
“Because it is. Do-joon heard it clearly from the side.”
“What did he say?”
“Didn’t you say anything? I just stayed still.”
Oh Se-hyun even missed the opportunity to make a lot of money in a short period of time. No matter how plausible the other reasons may sound, they are different from Yeouido guys whose main job is to hit and run.
Vice Chairman Jin Young-ki couldn’t just watch.
Whether Oh Se-hyeon is the hand of his father, Chairman Jin, or the partner of his young nephew, you can postpone the judgment.
The first thing to do was to stop the department store group from being taken by the wrong guy.
He found a vibrator. A formidable foe, but must work together while doing this. It is right to deal with the flies that cling to you until we meet in the finals.
Brother Jin Young-gi and Vibrator ran to the Sunyang Hotel without any delay.
“Oh my brothers, what are you doing? together with that too? They look good.”
Jin Seo-yoon raised her voice to the fullest as she saw the two entering side by side. Now, the property has been divided, and there is nothing connected with the Sunyang Group.
It is to reveal that there is no reason to notice any more because they only shared blood.
“Are you feeling comfortable after eating the company? You have a nice face.”
Jin Young-gi made disapproving noises, but Jin Seo-yoon pretended to listen.
“Stop scratching your insides. Isn’t that time over now?”
The two older brothers slumped down on the sofa in the center looking around the suite that was set up as an office.
“I didn’t come to scratch, I came to find out what the hell he was trying to do. Let’s talk calmly.”
The vibrator spoke calmly, but Jin Seo-yoon still had an annoyed expression.
“I will take care of my work. What are you so curious about?”
“This is Oh Se-hyun. He’s not as trustworthy as you think.”
“You think I trust him? It’s a deal. What do you believe in?”
“Simple bond debt? Do you think Oh Se-hyun lent you money to pay the interest? Aren’t you the one who refused even 100 billion won?”
“what? 100 billion? What are you talking about?”
Jin Seo-yoon, who listened closely to the story of the two, kept her mouth shut for a while with a hard face.
“Now do you understand? It is imitating a loan shark who holds the building as collateral and urges the repayment of the principal and interest, and then swallows the building. You were there.”
“Isn’t the construction of the No. 1 large mart going into soon? What is the cost of the construction? You have a lot of money to spend in the future, but can you handle it? If you stumble even once, everything will be taken away.”
As the two older brothers continued to make ominous noises, Jin Seo-yoon’s closed mouth opened.
“so?”
“what? Haven’t you caught on yet?”
“So you’re saying I went into a tiger’s den to avoid a fox?”
“I got it.”
When Vice Chairman Jin Young-ki threw it as if he was pathetic, Jin Seo-yoon smiled brightly.
“No, the opposite. He got out of the tiger’s jaws and met the wolf. Aren’t I better luck?”
When they expressed themselves with the tiger’s mouth, they were furious, but couldn’t say anything because of Jin Seo-yoon’s words that followed.
“If you care about Oh Se-hyeon, just show her that our good brothers are rabbits, not tigers. Didn’t you say you would give Oh Se-hyun a hundred billion won? Giving astronomical money to strangers after paying high interest to your younger sister? It’s ridiculous, really.”
Jin Seo-yoon told the two older brothers the best option. From your own point of view, of course.
“If you are afraid that I will lose your company, stop it with money. Add 100 billion to 400 billion and lend me 500 billion. The interest rate is half that of the bank. I’ll earn money and pay it off slowly. Then there is nothing to worry about my older brothers, right?”
Every sentence is correct, but the two older brothers only clear their throats.
There is no way to come back to the department store group if you do what Jin Seo-yoon said.
When the recession passes and the economy picks up a little, it will go into hardening, and the borrowed money will be paid back in no time.
As soon as the complete division of the series ends, Jinyoung-gi’s vibrator is registered as a VVIP customer of department stores and hotels, and nothing more can be expected.
When the older brothers closed their mouths and couldn’t say anything, Jin Seo-yoon only laughed.
“My father gave it to me to feed my only daughter, who is 50 years old. do you like it that much? why? Are your sister-in-law ripping you off to bring it to the department store every night? Just tell her to go shopping. I’ll give you a big discount whenever a new product comes out, so don’t worry about money. okay?”
The brother left the hotel after being hurt by his sister.
“Damn it bitch.”
Pretending not to hear Jin Young-gi’s swear words, the vibrator spoke.
“Anyway, that kid will keep making mistakes. Clearly the opportunity comes. Let’s wait a little longer.”
* * *
Around the time when the scorching heat of the city was in full swing, Woosung Group’s financial creditors signed an amendment agreement with Woosung Group to improve its financial structure. This was just a sign of an upcoming workout, and the business world was literally shocked.
Woosung did not care about the IMF and waged an aggressive takeover war against the world. As a result, in 1998, the number of overseas subsidiaries reached 400, and it jumped to the second place in the business ranks, overtaking the Sunyang Group, which was reeling from the economic crisis.
However, due to the prolonged economic recession and contraction of the global market, Woosung Group’s position was greatly shaken, and as it expanded its business to developing countries, it was unable to escape its slump.
Since the company focused on top-line expansion, it was passive in restructuring that the government demanded. It was impossible to give up the scale.
However, Woosung, whose financial difficulties were aggravated, even sold the hotel, a net asset, but in March 1999, the debt ratio was already well over 400%, so it was difficult to recover.
In July, Woosung announced an ultra-high-intensity restructuring plan, but creditors rejected it, and pressure from creditors began in August.
Watching the news of the revised agreement between the creditors and the Woosung Group, the grandfather clicked his tongue.
“Woosung Group is virtually disbanded.”
“okay. Chairman Woosung said that he would give up his management rights after giving away all his personal possessions, but it is not at the level that he can handle.”
“Since the big buffalo is down, everyone will try to eat its flesh.”
“you? Don’t have a coveted spot? you have a lot of money Do you still have about 1 trillion won in Korean won?”
“You shouldn’t look into someone else’s account. that’s a crime Hehe.”
“It comes out as whole rice even without looking at the bankbook, you bastard. This old lady’s hair isn’t rusty yet.”
The grandfather seems to have finished reviewing affiliates of the Woosung Group.
“Do you have a place to spend my money?”
“Woosung Marine & Shipbuilding Co., Ltd. one of them is worth it Take a look at this.”
Grandpa tossed a data file on the table.
“Can you see? That should be enough to help you stock up on your company.”
In 1999, Korea began to enjoy a boom period, surpassing Japan in order backlog by about 20,000 CGT (standard cargo carrier equivalent tonnage). Woosung Marine & Shipbuilding, which is one of the top three, is a blue-chip company that would achieve tremendous business results if it were not an affiliate of Woosung Group.
The filings concluded that Marine Shipbuilding Woosung Corporation and Woosung Securities were worth acquiring.
“I have no intention of matching the assortment. And people are more important than money. Even if you take over, there is no one to manage it.”
“I will lend you a person.”
“People from Sunyang Heavy Industries?”
“There is a lot of talent elsewhere. Are you worried about not having money or worrying about not having people?”
“well. Even the acquired company is still struggling to stop water leaks here and there. I have to take care of those companies first…”
I knew that there was a different meaning hidden in my grandfather’s eyes staring at me.
“Will you lend me some money?”
“no. It’s difficult for Sunyang to take over. Rumor has it that we are also restructuring, but if we take over a company again, the government will not stand still if it takes over a company of enormous size. The creditors of Woosung Group will also draw a line with us.”
“So I covet dominance, but in reality there are too many eyes watching me? And the financial situation is not good. Is that correct?”
“yes. So you’re going to be the boss of the pants. When it’s quiet, I’ll bring it back.”
I knew what my grandfather wanted. Woosung Marine & Shipbuilding is acquired by Miracle and handed over to Sunyang Group when the time is right.
Sunyang Heavy Industries is in charge of the shipbuilding industry, but it is not the number one in the industry. Daehyun Chosun is overwhelming. However, when Soonyang and Woosung are combined, Daehyeon is pushed to second place.
What Grandpa wants seems simple, but there are some tangled issues.
Timing is an issue.
It’s not a problem that will be sorted out in a month or two, but it’s at least a few years later….
Sunyang Heavy Industries was the second vice chairman of vibration. What if the grandfather was not alive when Woosung Marine & Shipbuilding was handed over to Sunyang? The hilt will be held by Vibrator Vice Chairman.
Seeing my struggle, my grandfather said something unexpected.
“You can quit if you don’t like it. are you okay.”
It’s a very benevolent expression, but there’s no way it’s okay. This is the person who has already finished all the reviews and speaks out after making a decision.
He must have made up his mind to own Woosung Marine & Shipbuilding… Something is strange.
“You really shouldn’t have to do it…”
Before I could say anything, my grandfather threw another file at me.
It was a copy of the contract between Miracle and Sunyang Department Store.
As soon as I saw the contract, I raised my eyes and saw my grandfather’s face, which was full of smiles. Of course, that smile was a sneer that completely looked down on me, who was one step below me.
“…there is no way. All right. Grandpa, I will do as you wish.”
He quickly nodded his head.
“Do-joon.”
“yes.”
“I really like you.”
“I know very well.”
“I mean, I like you, who understands everything if you pretend, even if you don’t have to say everything. haha.”
Even though I cherish my grandson, I also really like that resolute grandfather who doesn’t hesitate to threaten.
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