[277]About lowering your head 2
Unlike neighboring Middle Eastern countries, Dubai, which has few oil resources, has developed from an early age as a logistics hub in the Middle East.
In the 2000s, Dubai’s development, which relied on large-scale foreign capital borrowings and massive civil engineering works, became a symbol of super-fast growth.
In July 2006, Dubai, the autonomous government of the United Arab Emirates (UAE), felt the need for a company to take on this huge reconstruction project and established Dubai World.
DubaiWorld, as a state-owned enterprise, is at the forefront of this tremendous development. As a start, it announced plans for Dubai World Central.
Dubai World Central plans to build Dubai Al Maktoum International Airport and several facilities around the airport, literally making it the center of the world.
In addition, it was announced that it would invest $2.6 billion in logistics facilities in the Jebel Ali Free Trade Zone and proceed with a huge downtown redevelopment project to create a world-class skyscraper city comparable to New York.
Only the confirmed amount has reached 30 billion dollars, and the land of gold… or oil, which does not know how much more money will flow in, is attracting companies around the world.
Lee Hak-jae’s proposal to hold hands and go to such a place was a vibrator that even welcomed him.
“I understand that Sunyang Engineering & Construction and Mulsan invested a lot of resources in the ‘Burj Dubai’ construction…?”
Burj Dubai, which began construction in 2004, is a symbol of Dubai’s skyscrapers. Including the spire, the height of the building is 829.8m. It is 828m tall and has 163 floors. When completed, it will be the tallest building ever created by humans.
It was a vibrator at Lee Hak-jae’s words, but he said with an unchanging expression.
“We only put in a large number of laborers, but the core manpower has plenty of room.”
If we can bring in the scarce human resource money from the HW Group, we can move much more leisurely. However, if he shows weakness, the cunning Lee Hak-jae might do something.
Always showing a relaxed appearance is the most important thing in negotiations.
“Good luck then. Anyway, I hope you will take my offer seriously.”
“What size do you think the president is? airplane? new city? Or logistics?”
“Isn’t it more or less good? If you can eat it all on a turnkey basis, that’s fine too.”
When the obvious words came out of Lee Hak-jae’s mouth, the vibrator frowned.
“To think that someone who knows everything would say such stupid things.”
“As much as you can get the funds. Behind us, a reliable water supply called Miracle is holding up well, and HW Group’s in-house reserves are formidable. As I said, this means that we are inexperienced and a little less technologically advanced. Shouldn’t it be a consortium to make up for each other’s shortcomings?”
At this point, Lee Hak-jae presented an option.
“I’m suggesting this in consideration of our old friendship, but if you don’t feel like it, say it now.”
If you only look at the objective facts, you should join hands right away. You have a good business plan, so you should avoid anyone who asks for money, but no trader will refuse someone who wants to partner with you with a lot of money.
However, considering the old friendship, it is normal not to propose. Sunyang Group may have good memories, but Sunyang’s two vice presidents will only have bad memories.
What is interest aiming for?
Chairman Lee Hak-jae let out a wry smile as he watched the vibrator scan him.
“If you don’t feel like it, pretend you didn’t hear it.”
“Don’t you know that it’s not a matter to decide at once?
“I know, but our vice-president’s expression doesn’t seem welcoming.”
“Does anyone like to share?”
“The amount is so large that you can’t eat it all by yourself, so if you don’t share, you might just have to watch. Anyway… Think carefully and let me know soon. Because I can’t just wait forever.”
“If I refuse, of course you will join hands with someone else, right?”
“Of course, this proposal came from Daehyeon first. I guess I heard somewhere that I was preparing a flag to collect companies that are slightly inferior in rankings, such as Sungho Group and Namkwang Group.”
Vibrator knows both are fake. It just changes the future tense to the past tense.
He hinted that he would act that way if Sunyang refused.
“We will quickly finish the positive review and contact you right away. President. Still, isn’t Sunyang Group Chairman Lee’s family? It would be best to see us together.”
“Shouldn’t it just be nice to look at? We need to take care of each other. Then let’s end the conversation here and have a meal.”
The atmosphere was good as we ate the leftovers. However, the vibrator kept feeling that Lee Hak-jae’s suggestion might be a trap.
A mousetrap with savory cheese.
However, the shape of the mousetrap was not drawn, only the savory scent of cheese was clear.
* * *
“I will not listen to unreasonable requests. uncle.”
“Why is this unreasonable? Isn’t that reasonable?”
“It is not a matter of rationality or injustice. It is beyond my jurisdiction.”
Is it a characteristic of men to become impudent as they get older? Or is it a characteristic of the men in my family?
The second uncle says that Miracle will divert the funds to invest in HW Group to Sunyang for the Dubai special.
Obviously, there is no way that I don’t know that I know that I met Chairman Lee Hak-jae, but I thought I would cut in line like this.
“Miracle won’t lose either, right? Is it more than just eating cushions for the HW group? The main project is our cruiser, right?”
“I know, Uncle. However, Korea Miracle now moves under the final approval of the United States after the decision is made by the board of directors. It was a decision made by the U.S. after CEO Oh Se-hyun was living as if he were retiring. I can’t even attend Korea Miracle’s board of directors. Being a judge is my role.”
“I think I should have more decision power than that.”
“Yes, there are more. A judge with a strong voice. That’s all.”
I drove a nail at him who was suspicious.
“And the majority shareholder of HW is Miracle. Why do you take care of our sun sheep when you don’t take care of my family’s bread?”
“okay? This… I had high hopes for a while.”
His expression changed, but he did not look disappointed.
“Then how would you like to do this?”
It was this. The real purpose for which my second uncle left me will come out from now on.
“As you know, the construction of a new city in Dubai requires an enormous amount of money to be invested in advance. The consortium proposed by Chairman Lee Hak-jae means that he will run the business. HW The former Daeah Construction is useless for such a large-scale construction. It’s a ploy to steal our Sunyang’s know-how in exchange for some money.”
Even if I got it wrong, I got it wrong for a long time, but I nodded my head as if I agreed and listened.
“You can get money anywhere. But I see no reason to use external funds.”
“Yes. We only need to use the group funds and attract the shortfall.”
“But right now the heavy industry sector has already poured money into the Middle East. don’t have enough money What remains is electronics and finance.”
Is it true?
Did the funds for construction and heavy industry, the main focus, dry up?
“It’s a bit different to bring in the former’s money… In terms of finance, how about you prepare the money? You don’t have to involve HW.”
You should answer well. I don’t know yet whether I really want to do it with the group’s internal funds or whether the reason Chairman Lee Hak-jae approached first is because of me.
In this case, the first priority is to let them know that it has nothing to do with me.
“I don’t have any spare money either.”
short answer. Long explanations sound like excuses or lies.
The second uncle is an expression of disbelief.
“Financial companies have no money? Do you hate doing business with me?”
“no. Really. I’ve been investing all my spare money in US derivatives since two years ago. If in doubt, you can check for yourself.”
“Derivatives?”
“It is a stable investment that consistently yields more than double the 4% market interest rate.”
“All-in, not diversified investment?”
“yes. Dispersion is the standard, but there is no option. It’s because I only choose triple A ratings among investment products. Since it’s company money, safety comes first.”
“Twice the interest rate, a triple A rating would be great, right?”
What else is this?
Anyway, if you are making money, your eyes will change.
“So. Why would I spend all of my company’s spare money?”
If the group’s funds cannot be spent, will my uncle choose Chairman Lee Hak-jae? Or should I be less greedy and only go as far as I can?
If you choose the easy way, it is not a burial business.
No matter what anyone says, isn’t the vibrator vice president a businessman?
* * *
“Look at this. It’s a collaboration proposal from Vibrator.”
Chairman Lee Hak-jae looked a little angry. When I looked at the proposal, I read that HW was completely considered a hogu.
“Put money on it and make some profit.”
“That’s a little more than the bank interest.”
“If you don’t like nuance, don’t. Is this just it?”
“therefore. You’re not in a position to relax… I wonder if you don’t want to run into me.”
“It seems to be knocking on a stone bridge.”
“check? me?”
“yes. I’m thinking on the premise that the president can’t approach me with good intentions. There must be something, but not knowing it makes you anxious.”
Chairman Lee Hak-jae shook his head slightly.
“It was wrong for HW and Sunyang Construction to join hands. Don’t ask him.”
Then you have to ask
“The bait must be weak. Throw something big.”
“what? You say you hate money too?”
“But I’d hate it more if someone else was making money.”
“What do you mean? tell me exactly.”
I haven’t yet noticed the meaning of the smile on my face.
“Wouldn’t it be nice to have 300 billion won?”
As he continues to speak incomprehensibly, his expression shows annoyance. He said it quickly before getting angry.
“You go in alone thinking that you will blow 300 billion won. Again, I’m not pretending to go in, I’m really going in. Anyway, I can’t get paid for the work. No, you can get it, but it will remain a bad bond for a very long time. But if we went in alone, they would think it was sincere.”
I wouldn’t be too surprised if I threw away 300 billion won.
It’s really convenient at times like this when all you have is money. This is because you can use the means that can change the market at any time.
It may seem crazy to others, but that is the privilege and power of those with money.
“Let’s take a bigger bait.”
Chairman Lee Hak-jae said with a smile.
“There is a phrase that I have already thrown out, but if you make it true, the game will become bigger. Don’t bring in the Sungho and Namkwang groups. Each pays 300 billion. Do you think it will be hot?”
If three of the tough guys gather and attack the banquet table, you’ll want to run quickly and play the captain. Chairman Lee Hak-jae is not alone, so doubts will disappear….
I wanted to hit my knee.
Our president Hakjae is also a player.
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