[055]Win-Win 2.
“Oh, that bastard’s single-minded stubbornness. No matter how old you are, it doesn’t change.”
Chairman Jin clicked his tongue and held out a bowl of makgeolli, and Song Hyeon-chang poured the liquor with both hands.
“Did you ask to meet me with the intention of lending me some money?”
“Where is my money? I wrote everything because I was going to buy rebar. I am broke.”
“I owe the money for today’s drink to myself.”
“Isn’t my pocket situation better than a person who is afflicted with debt even though he is broke but has no debt? I pay today.”
After exchanging joke-like words for a while, Chairman Jin went to the main point first.
“Buddhism will be unavoidable. I looked around, and the dominant opinion is that it will be sorted out before the presidential election.”
“The Daehyun Group is really great. How strong Daehyun’s net is… I couldn’t find a single hole.”
There is no large company that has not lined up in politics, but Chairman Song suffered a series of frustrations. I checked how weak the rope Ajin Group was holding was of no help.
“You worked in vain. Chairman Song, everyone you met bought a house with Daehyun’s money and sent their children to school. But my net is a bit tighter. tougher.”
A word that hints at something. Chairman Song Hyeon-chang’s eyes changed.
“You say what you want to say.”
“Even if you will be hit anyway… How about getting hit quickly and starting anew?”
The meaning of a new start is not what ordinary people think. It is not the sincerity of having a debt feast and paying it off step by step, but the expedient of getting rid of it all at once.
Song Hyeon-chang’s head was busy.
“Chairman Dae Hyun-joo must have already drawn a sketch, right? After getting some debt relief, clearing up some affiliates of the Ajin Group… I guess they plan to retire most of the current stocks and then inject Daehyeon funds to eat Ajin.”
“Are you talking about experience? You know that.”
“It’s a plan I made myself six years ago. Chairman Dae Hyun-joo is now putting the plan into action six years ago.”
“Isn’t that plan a failure? You can rest assured.”
“You can’t be lucky twice. There are only bankruptcies of large corporations this time, but there is no corruption that can shake the government. There are many more success factors.”
“Chairman, please pay for the makgeolli. It’s a little unfair to have to pay for myself to sit in a pile of debt.”
I had already given up to some extent, but I felt even more miserable when Chairman Jin said it as if it were a fait accompli. However, Chairman Jin’s words opened his eyes.
“Let Chairman Song calculate. I will let you keep the presidency.”
I’m not one to talk bullshit for comfort. Every word that comes out of his mouth is a person who has the power to shake the financial world.
“It was the chairman who said that he was broke.”
“Is my money the only money? Money has no name tag.”
Chairman Song Hyeon-chang, who looked at Chairman Jin for a while, shouted toward the kitchen.
“Okcheon’s house! Here’s pajeon and some more makgeolli.”
When the lady from the Pajeonjip put makgeolli and green onion on the table and left, Chairman Song threw away the alcohol in Chairman Jin’s makgeolli bowl on the floor.
“Get a new cup.”
President Jin smiled and held out a bowl of makgeolli.
“Do you have a way?”
“Just leave me alone.”
Chairman Song bit his lip, but wanted to hear the situation after the bankruptcy.
“And what?”
“Chairman Joo Young-il has already put his hands on it, so the creditors will whisper that they will spare him if he comes up with a self-rescue plan. cooperate actively. All but 8 left. I will find out where you can sell it.”
“And what?”
“The takeover will begin.”
“Daehyun will be the only place to submit the letter of intent.”
“I’ll put conditions on that letter of intent. debt relief. Stock burn or potato.”
“I guess so.”
“Is there anything bad? The fact that Chairman Song’s debts that you unreasonably pulled out is covered by national taxes and stocks decrease, which means that stocks held by the ants’ union are reduced.”
good so far
You can change your constitution by removing moldy spots and receiving nutrient injections. With the people’s taxes!
“And are you saying to hand it over to Daehyun?”
Chairman Song’s lips trembled as he asked the question.
“Daehyun could eat it, or an unexpected third party could eat it.”
“Is that third person the Sunyang?”
“I told you. I’m broke. There’s a guy who’s coming in. do you know Miracle Investment is foreign capital.”
“Miracle? Could it be that he held out his business card during the Hando Steel bid…?”
“Yes, that’s it.”
Chairman Jin raised a glass of makgeolli and drank it down.
“Don’t make any weird misunderstandings. This place has absolutely nothing to do with me. A complete American investment accident. The president there is my youngest son and my classmate studying abroad. So he just asked me to deliver it.”
Song Hyun-chang shook his head slightly.
“Chairman, you’re a messenger who conveys other people’s words? Who said that…”
“Believe me. I am also desperate to save the car.”
“yes?”
“If Daehyeon Motors takes over Ajin Motors, Sunyang Motors will have to withdraw. Because it is certain that you will be crushed.”
Song Hyeon-chang still had a doubtful expression on his face.
“Check it. It has been almost 10 years since Miracle Investment was created. It doesn’t make sense that I foresaw this situation and prepared from then on, do I really need to put others first? If you have money, isn’t it normal to jump directly into the acquisition battle?”
“great. Then, what does this place called Miracle want?”
“What do money players want? You take Ajin with little money, grow it properly, and sell it at a high price.”
“Are you saying you’re guaranteeing my presidency?”
“Because there is no one who can manage it anyway.”
Song Hyeon-chang coolly drank a bowl of makgeolli.
“It won’t be too long.”
“Because a salaried president has to retire at the retirement age. The president is also 5 years old.”
“Does that mean I also have a 5-year guarantee?”
“maybe.”
“In five years, when the company is normalized and Maracle sells its shares, the chairman may take over.”
“Oh, how long do I live? 5 years later? I am not interested.”
Chairman Jin put a piece of green onion into his mouth and put down his chopsticks.
“Miracle already has some stock. We will convene an extraordinary shareholders’ meeting. If you accept their offer, will the shareholders meeting proceed smoothly?”
Having said everything, I got up from my seat.
“President Song. Can I say one more word?”
“Tell me.”
Chairman Song Hyeon-chang also stood up from his seat.
“The makgeolli in this house is not good. Pajeon is okay. I ate it when I was hungry after hiking, so I felt delicious.”
For a moment, Chairman Song’s eyes twinkled.
“Yes. Anything tastes good when you’re hungry.”
“I know. haha.”
That has already been answered. Chairman Song Hyeon-chang, the party involved, must be feeling the best that now is not the time to cover cold rice with hot rice.
“Daehyun’s massive offensive will begin. I will turn you into an incompetent, greedy old man and summon you. You’re going to put pressure on the prosecutor’s office to set it up in a photo zone in front of the prosecutor’s office, right?”
“Are you part of the plan the president made?”
“There is no room for sympathy if you buy public resentment and go bankrupt. At this time, there is no objection when Daehyun, wearing the mask of an expert, appears like a savior.”
Chairman Jin smiled and nodded.
“I will stop the prosecution, so don’t worry… But there will be some articles.”
If Song Hyeon-chang’s personal image deteriorates, it is because it interferes with his grandson’s plan to keep the chairmanship, and it is not that he is doing favors for Chairman Son out of concern.
Song Hyeon-chang nodded lightly and opened his mouth.
“Stop asking for an extraordinary general meeting. Daehyeon is on guard for no reason. Aren’t you going to ask for an audit at the shareholders’ meeting? We will open the inside of the company to the extent that it is not necessary. Watch as much as you need and tell them to win the bid.”
“It is. haha.”
Chairman Jin burst into a satisfied laugh and left the bar.
Without paying for alcohol…….
* * *
Dozens of experts occupied the Ajin Group headquarters conference room in the name of an emergency audit.
They found that hundreds of billions of loans had gone to ghost companies and were dormant in the stock market, and they also found that more than three times the number of workers in automobile factories was bought every day.
Ajin Construction, which had nothing to do with automobiles, was a company created to be used as a window for private slush funds.
Accounting experts hired from Miracle Investment clucked their tongues at the accountants from the Sunyang Group audit team.
They found hundreds of billions of slush funds in a single number and found corruption in the factory in a single car part.
In particular, they also discovered irregularities that everyone could not keep their mouths shut about.
A company that supplied 7mm hex bolts regularly paid bribes to workers on the assembly line, not managers, and the workers stuck only 7mm bolts into cars instead of 6mm bolts supplied by other suppliers.
This was the cause of the massive recall that took place three years ago.
“By the way… how do you know so well? Are you from the prosecution’s financial investigation department?”
“Did all of you eat foreign food?”
“It is.”
When the Miracle accountant couldn’t hold back his curiosity, the employees of the audit team of Sunyang Group burst into laughter. It was a definite laugh.
“Young kids are amateurs. The way you eat is rough. Not sophisticated.”
“In Korea, this is the level of aegyo. Are you surprised? That Korea, where such injustice is rampant, developed rapidly?”
“Bribery and embezzlement are the driving force behind economic development. Ha ha.”
When even the hidden 10-won note of Ajin Motors was revealed to the surface, the Daehyun Group was in a series of emergency meetings.
“What about the prosecution? Why are these bastards silent?”
“It is said that it is difficult to summon only circumstantial evidence.”
“It’s a reference summons! How difficult is that?”
“That… I don’t know if it’s an ordinary person, but he’s a person of considerable importance, so the great swordsman gave an order to be careful…”
“What kind of weight is freezing to death…. Then what about the media? Why are you so weak? Didn’t I tell you to beat me like a celebrity drug case?”
In front of Chairman Joo Young-il, whose voice was getting louder and louder, the voices of the participants in the meeting went deeper and deeper.
“Chairman of the meeting. It seems that someone is protecting Ajin. Every newspaper publishes an article, but it looks a bit awkward…”
“That’s right. In particular, you must be well aware that the influence of the Hanseong Ilbo is the greatest…” “
So? Didn’t you advertise in the Hansung Ilbo? Didn’t I tell you to cover corporate advertisements?”
“I did. I tried… but not a single line came out.”
“What is it? Are the rumors that you are having an in-law relationship with Sunyang?”
“It seems so. If we absorb Ajin Motors, Sunyang will suffer the most.”
“Damn it! Of course, at this timing! Chairman Jin is like that too. Selling your grandson to make a trumpeter?”
No one opened their mouths. Isn’t Chairman Joo also related to the media owner’s family and his in-laws?
Well, considering that it was customary for most of her grandsons to be sold to the media, who were far behind in the succession ranking, Sunyang was severe.
Isn’t it the eldest son?
As Chairman Joo’s breathing subsided after a long period of strenuous activity, the president of Daehyeon Motors carefully looked at him.
“President. The trend has already turned. The main bank will decide next week.”
“Are you sure?”
“yes. Since the Myeongdong loan sharks also turned their backs, there is zero possibility of lending money quickly.”
As the president of Daehyeon Motors assured, Ajin Motors was subject to the ‘deferred default agreement’, a financial institution agreement enacted on April 21, 1997 led by the government to prevent a series of bankruptcies of insolvent companies.
In order to become the subject of the agreement, Ajin Motors submitted a memorandum of abandonment of management rights, a labor union agreement on wages and staff reduction, and a consent to dispatch of a fund management team.
Now, during the two-month grace period of bankruptcy, Ajin Motors has begun to siphon off hidden slush funds.
The people who secretly supervise this work are Ajin’s Chairman Song Hyeon-chang, Miracle’s Oh Se-hyeon, and Sunyang’s Chairman Jin Yang-cheol.
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