[299] My heart I didn’t know 1
What was so good about it, Vice Chairman Jin Young-ki smiled.
“Come on, get over it quickly and let’s have a drink. Isn’t it something we should concede little by little? Chairman Lee, whom my father trusted the most, grandson whom he cherished dearly, and me, the eldest son. In fact, it would have been nice if we worked together…”
That statement is clearly sincere.
However, if Chairman Lee Hak-jae had to be a secretary who would still do the dirty work like he did to his grandfather, and if the smart nephew was a personal fund manager who worked hard to increase his personal wealth.
“Sorry, but I never imagined working together.”
Chairman Lee Hak-jae laughed, but his uncle’s laughter disappeared in an instant.
“Do I really have to say it that way?”
Sparks flew in the eyes of the two as they turned to each other.
I don’t know if Chairman Lee meant to scratch his father’s insides or if he meant it, but I heard a creak from the beginning.
“Let’s stop. Quickly say the terms and end the negotiations.”
Chairman Lee ignored his uncle’s gaze. When you get excited, you don’t want to give up even the smallest conditions.
“Hmm…well, let’s finish this quickly. How many times do you want?”
The price of shares in Electronics and Mulsan held by construction heavy industry subsidiaries is much higher than that of construction heavy industry shares held by electronics and service subsidiaries.
My uncle first asked the difference between the two stock values. If you agree on this difference, the transaction is easy.
“Let’s start at twice the current market price.”
“what?”
“The stock price of Soonyang Electronics continues to rise…. On the other hand, construction stocks continue to decline.”
Sunyang Construction and Heavy Industries with a share price of 10,000 won.
Sunyang Electronics, whose stock price is approaching 1 million won. It is already a difference of 100 times the transaction price. If it’s twice this, it’s 200 times.
If he is told to give away 200 construction shares for one stock in electronics, Vice Chairman Jin Young-ki will have no choice but to open his mouth.
The 10,000 won figure also rose slightly as it became known that Sunyang Construction was in a state of probation. However, the overall decline in construction stocks continues.
“What are we going to do now? Are you trying to get a share of the stock exchange? Aren’t we aiming to get each other’s share back? Twice the deal price? That’s what you mean…!”
“Isn’t it natural that the representatives of our companies, which are the signboards of the market economy, set their standards based on market prices? If you don’t like this, let the vice-president tell you what percentage you want.”
“Chairman Lee. First of all, let’s exchange all stocks and give you additional money. just tell me the amount Don’t talk nonsense like 200 times.”
“I should have told you that 200 times is the beginning?”
“what?”
“Construction stocks flashed for a while and then fell again. Miracle’s prediction is that it will remain at 5,000 won for the time being.”
Chairman Lee Hak-jae frowned as if Vice Chairman Jin Young-ki, who had not noticed his intention yet, frowned.
“The more I am in no hurry to exchange stocks, the better the exchange rate is for me. So that’s a start.”
They know each other’s stocks.
Vice-Chairman Jin Young-ki calculated how much additional money he would have to pay. And it’s a hard amount to afford, so it’s tightly blocked.
It’s time to move from feature phones to smartphones. They are making astronomical investments not only in Korea, but also in manufacturing factories all over the world to meet the smartphone era. Group reserve funds are not very large.
Chairman Lee Hak-jae used the most common and good method to cancel the deal.
money is not right
No matter how good the other conditions are, if the money doesn’t match, the deal won’t go through. Negotiation is the process of matching money, and contracts are made when the amount is acceptable to both parties.
“Vice President. No matter how important it is to take stock of your own company, the money has to be right. I’m not asking for more. It’s to match the market price…. Doesn’t that mean we shouldn’t trade if we show disapproval?”
Chairman Lee Hak-jae turned his gaze to me. I mean to say my opinion.
“Honestly, I am not interested in Sunyang Construction and Heavy Industries stocks.”
When I gave a negative opinion, my uncle’s expression became even more contorted.
“I already bought a lot of stocks in Sunyang Construction and Sunyang Heavy Industries. Hehe.”
“what?”
Two people looked at me at the same time.
“Why not buy stocks that are going down? I will see you in a year.”
“One year?”
Grandpa asked.
“Won’t it normalize after a year or so? Then the old price of 30,000 won will be far over. Investments that earn five or six times a year are not very common. I also bought quite a lot of Sunyang Securities.”
The problem with institutional investment is performance. Since they always have to produce results, even for a short period of time, they can’t even dare to invest long-term, but when I told them not to be thirsty for short-term results, they also started stable long-term investments.
“Also, I don’t regret the stocks of Sunyang Financial Group owned by the previous two.”
Realizing that the deal between the three had already been broken, the uncle bit his lip.
“The ants holding even one share of Sunyang Financial Group’s shares already support me. They are not stupid enough to kick out the young Korean investment guru. I was in charge of the financial group, and the stock price more than tripled. As long as the ants support me, the friendly stake is enough to defend management rights.”
After looking around at the two of them, I postponed the responsibility.
“If you two do not agree, there is no need for me to step forward. The two of you agree and get back together. However, I will not be offering stocks at the market price. I want a premium that includes the benefits of a long-term investment.”
The plate is broken. There is only one person who regrets it, so even if three people put their heads together, no conclusion can be drawn.
“Two of you, talk. I guess it just takes time.”
My uncle grabbed me and got out before he could talk at length.
* * *
When Chairman Lee Hak-jae entered the conference room, dozens of people stood up.
Chairman Lee walked to the table of honor and sat down on a chair, and the people sat back down carefully so as not to make the sound of the chair dragging.
Chairman Lee looked around at the people and was silent for a while, perhaps feeling new.
People gathered here bowed their heads to themselves for a while. However, their gaze was always directed at Chairman Jin Yang-cheol behind them. Today is different. Their eyes were only directed at themselves.
“It’s been a while since I saw so many familiar faces.”
The word ‘nice’ is ambiguous.
Whether it was a happy heart or a happy grin, each person had a different meaning.
“First of all, thank you for your active cooperation in the acquisition process. And for the time being, the name Sunyang will not be abandoned. But besides the name, a lot will be different.”
People in the conference room were happy to keep the name, but they were not happy to say that it would change.
First of all, it means that people are different. This refers to personnel replacement.
“First, we review all subsidiaries from scratch. We will clean up all subsidiaries that have only been stealing money without a clear role, and if corruption is revealed in the process, we will all proceed with criminal charges.”
I saw people whose complexion had already turned pale.
“As with the parent company, the audit team will thoroughly reveal who contributed to the company’s insolvency. Also, those who lack the ability to sit in excessive seats in exchange for loyalty to the owner’s family will have their desks vacated immediately.”
Since he is saying that he will clean up his aides first, it is a situation where many executives will take off their clothes.
“I am the chairman of HW Group, but I do not have a single share of HW Group stock. He is a complete professional manager. Now you will too. When the group personnel are completed, sales profits, stock prices, etc. will be evaluated solely on performance, and there will be no revisiting this building for former work orders.”
The conference room of the Sunyang office building was full of joy, disappointment, fear, and excitement. The emotions of the person being kicked out and those who would take the place were mixed.
While Chairman Lee Hak-jae was playing the occupying army in the conference room, the exiled son of the king was sitting in my room with a worried face.
“Did you suffer? How many days were you in jail?”
“Not long ago. Although the investigation continued.”
“I heard that the prosecution is suspended?”
“okay. It came to that conclusion when my father surrendered to the creditors.”
Jin Tae-jun seemed to have already accepted the reality. He wasn’t angry with me, and he didn’t show his anger.
“Did you hear everything from your uncle?”
“huh. I know who you really are.”
If you knew, you should show respect in your eyes, but maybe because of your father who took away the company, you only see eyes with a lack of soul.
“Then tell me your brother’s thoughts, not your uncle’s thoughts and plans. I will do whatever you want.”
“Are you serious about your promise to my father?”
“You mean to keep your brother’s place? huh. I’m serious.”
“Without any conditions?”
“no. there is.”
Jin Tae-joon’s dull eyes changed.
“All business reports must be made only to me and Chairman Lee Hak-jae.”
“That means for my father to keep his mouth shut about anything related to the company.”
“Isn’t that obvious?”
“and?”
“The most important thing. do a good job You should do very well. I have high eyes. If you think it’s beyond your ability, you’re fired the moment you do it.”
“Are there any more?”
“I don’t have But there might be Chairman Lee Hak-jae.”
It is no longer the 3rd generation chaebol. Being a cousin of a chaebol is a privilege he has.
It was easy to get a position that would have taken a lot of time and effort for the average person. But the way to keep it is the same. You have to show the ability to fit the position.
A sober evaluation without preference. It’s something Jin Tae-joon has never experienced, but now being evaluated by others will become a daily routine.
He stood up and opened his mouth.
“I’ll have to meet Chairman Lee Hak-jae first.”
“Watch the interview and let me know.”
“okay.”
I called him to go outside.
“Taejun hyung.”
he turned slowly
“From now on, my brother will have to live with words he never said before. like normal people. If you can’t come up with that phrase, you’ll have to wait for an interview with Chairman Lee. You will never pass.”
I stood still for a while, probably surprised by the unexpected words.
He wasn’t a bad person. He grinned as he remembered the words he had forgotten all his life.
“thank you. Do-joon. Give me a chance…”
That would be enough to avoid being criticized for not being able to work.
* * *
“How are you? Taejun hyung?”
“Are you calm? I never cared about him because he never had an accident and grew up normally.”
“Can I take the job?”
“To be honest, there are a lot of people like that. Is there any special reason besides taking care of it because it’s blood?”
“It’s my second uncle’s request, so I’ll accept it, but if the president doesn’t like it, I’ll take it. There are plenty of positions at the same level as Finance Director.”
“no. I didn’t do anything particularly wrong, so I have to keep my promise. Let’s watch some more.”
Chairman Lee also did not seem to intend to be too cold-hearted, thinking of Vibrator Vice Chairman.
“By the way, Do-joon.”
“yes.”
Suddenly, he lowered his voice and looked at my expression.
“There is a place holding a 2.8% stake in Sunyang Mulsan. I contacted… how is it?”
“Do you need to ask? Absolutely must buy. How are you?”
“It’s Korea Land Trust.”
Korea Land Trust is a specialized subsidiary of Korea Land and Housing Corporation under the Ministry of Land, Infrastructure and Transport that specializes in comprehensive real estate investment and finance business. However, after the current administration came into office, the public housing corporation has transferred its shares to the private sector, accelerating privatization.
“It has a close relationship with domestic apartment construction, so he must be trying to maintain a good relationship with us.”
HW became No. 1 in the construction industry by acquiring Sunyang and Daehyeon. Such a response from Korea Land Trust is natural.
“But he said he wanted to meet you over there.”
huh? why me Construction is not my area?
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