[061] Fight or sport? 4
“It is difficult to understand with common sense that a profit-oriented investment company acquires an automobile company. It will take a considerable amount of time to recover the investment as well as to make a profit.”
“Investing is not necessarily short-term.”
“A company that went bankrupt due to poor management, there is a high risk of not recovering even a penny of the investment. Is the reason you take this risk because you are acting as an agent for the Japanese automobile industry?”
“Who the hell started talking about the Japanese car industry? Where did you get that information from?”
When Oh Se-hyun, who could not stand it, became angry, Chairman Song Hyeon-chang, who was sitting next to him, grabbed the microphone.
“I am well aware of the movements of the Japanese automobile industry. Because Ajin Motors cooperated with a Japanese company in technology. To be sure, there is no Japan.”
All the cameras in the conference room were directed at Chairman Song Hyeon-chang.
“Then I will ask Chairman Song. Seeing that you are here with us, is it safe to say that you support Miracle Investment’s acquisition of Ajin Group?”
“That’s right. Not only me, but all Ajin Group employees support it.”
About a dozen union officials standing behind Chairman Song bowed.
“All labor unions of Ajin Group promise here that there will be no wage freeze and no disputes until Miracle achieves a surplus if Miracle takes over. It is the resolution of all union members.”
The union leader also took the microphone and helped.
“Miracle Investment CEO Oh Se-hyun promised two things. It is a promise to do everything in its power to normalize Ajin Motors, with a clear separation of ownership and management, and without a single layoff. There was also a clear answer that they would spare no bold investment if necessary.”
“Employment succession sounds like a good word, but doesn’t it mean that the parties to Ajin Group’s bankruptcy will continue to operate? Shouldn’t all the executives, at least the executive level, take responsibility and step down?”
Watching from the back of the conference room, I was amazed.
Isn’t it an atmosphere where Daehyun Group employees ask questions, not reporters? In their eyes, Miracle is just a disruptor who suddenly appears and sprinkles red pepper powder.
“The bankruptcy of Ajin Motors is due to external factors rather than internal factors. Ajin Special Steel was an essential field for long-term investment, and as you know… Ajin Motors was in the black.”
The calm Oh Se-hyeon also changed to an aggressive stance, perhaps getting angry at the journalists’ biased questions.
“I would like to ask the reporters of the Ministry of Economy present here. Why did all the financial institutions suddenly stop lending and start collecting debt? There are many companies with much worse business performance than Ajin Motors. Why did Ajinman start the financial pressure?”
“CEO Oh, do you mean that someone planned Ajin’s bankruptcy? Then who do you think is behind it?”
“Isn’t it the job of a journalist to uncover that? Why didn’t you cover the Ajin Group incident?”
The opponent you should never fight with is a Korean reporter, but you are provoking them!
I’ve never dealt with a malicious reporter, so I keep getting caught.
Fortunately, Chairman Song Hyeon-chang took the microphone. Being a seasoned person who had enough experience with this kind of thing, I was somewhat relieved.
“It is still before the examination. Today’s conference is a place to announce that there is no Japanese capital intervention.”
Chairman Song’s calm voice calmed the conference room.
“And just two more things. Corporations are not groups that only pursue profit. It is the workplace that supports people’s livelihood. The Daehyeon Group will expel more than half of the people in Ajin to the streets. In the name of restructuring.”
It was necessary to touch the public opinion through a necessary message. The message flowed through Chairman Song’s mouth.
Perhaps because of his experience and experience, reporters couldn’t stop talking.
“In addition, if Daehyun acquires Ajin Motors, he will have control over 70% of the domestic automobile market. When monopolies pursue only profit, the people’s choice disappears. What if Daehyeon produces only one of each grade for profit? What if we proceed with indiscriminate discounting to increase our foreign market share and compensate for the loss in the domestic market?”
He mentioned the people and the rights of consumers.
This message only needs to make public opinion fair. Fortunately, as the presidential election is underway, the government is also sensitive to public opinion. When a fair public opinion is created, competition is only based on the price factor. I am confident that I will not be pushed back in the money fight.
“We shouldn’t obscure the essence with rumors about Japanese capital. A lot of public funds have already been injected into Ajin Group. It is to only grow the size of chaebol conglomerates with public funds, and to be reborn as a national company in which management and ownership are separated. This is the essence to be considered.”
Chairman Song’s closing remarks sufficiently conveyed the message.
However,
timing is also an issue.
This interview should have been held the day before the takeover review. The key was not to give the Daehyeon group time to counterattack…. I
was in a hurry and threw out the hidden card first, so Daehyeon calmly went through each item and counterattacked.
Two days later, the press conference where the president of Daehyeon Motors appeared in person was a definite defeat that suppressed our hidden card.
『In the global automobile market, a war on a scale where only the global top ten survive has already begun. Daehyun Motor’s sales structure has long since exports have surpassed domestic demand.” 『
If Ajin Motors and Daehyun Motors become one, they will have groundbreaking competitiveness through unified procurement of joint design parts and integration of sales networks. Consumers can of course buy cars at a cheaper price.”
“Of course, minimal restructuring is inevitable. But there can be no workers without a company. I look forward to seeing you a little further. We can expect tremendous job creation until Daehyun Motors has international competitiveness and ranks in the global top ten.”
Turned off the TV.
Only sigh came out.
It was the same with Oh Se-hyun. With a tired expression on his face, he sighs continuously.
“How is the stock market?”
“Daehyun Motor’s share price remains unchanged.”
“Is the effect insignificant?”
“no. It’s because the two forces collide. Those who think the acquisition of Ajin Motors is a bad thing, on the contrary, those who think it is a good thing. Almost half and half.”
shit. In the end, isn’t it the result of both forces accepting the fact that Ajin Group will move on to Daehyeon?
“oh my god. Bringing Japan! Anti-Japanese sentiment was seen only in national soccer, but I thought we would be defeated.”
“uncle. Don’t have a card? Take one out. I will save the fire.”
“does not exist. Less than a week left until the exam. Even if you have a card, there is no time to rekindle the fire.”
It was hard to come up with the words not to give up.
If I had known this would happen, I regretted not interfering with my grandfather when he was trying to take over Ajin Motors a few years ago.
“The chaebol is really scary. No matter how much you say you are an advertiser, how do you control the newspaper broadcasting on your own?”
“It’s not that chaebols are scary, it’s because the media knows how to make money. Isn’t that the pen holder you drank and the camera that swallowed your money?”
Oh Se-hyun widened her eyes.
“hey! What is the young man talking about? You look like a social elder.”
“I’m not talking about my grandfather. Put it in your mouth and buy it. If something unfavorable happens, the media will shut it down.”
“Daehyun would have done that too, right?”
“It’s a video even if you don’t watch it. It would have poured out a lot. If you look at how they brought even Japan, which is ridiculous.”
Oh Se-hyeon gritted his teeth as if he was too sad to give up now.
“Should I expose the details of Niimi’s debt relief? If you know that 7 trillion won is covered by public funds, don’t you think there will be a boycott of Daehyun Motors?”
I was about to burst into laughter. If you were very angry, would you say something like that?
“uncle.”
“why?”
“If my uncle blows it up, will he have to defect to the United States? It was the government’s decision to block it with taxpayers’ money. Do you think you will be able to live in Korea if your uncle fires at the government? I will be stripped of everything until the day before I was born.”
I felt like I needed to shake off everything and take a break today. Healing the wounds from Daehyeon’s counterattack and restoring his clear mind is the urgent priority.
“uncle. Let’s forget everything today and have a drink.”
“what? alcohol?”
Oh Se-hyeon looked at me as if doubting his ears and couldn’t keep his mouth shut.
“why? I am an adult now, can I not drink alcohol?”
“Oh no. It’s not that… You don’t know how to drink? Have you ever had a drink?”
Have you ever had a drink or two that ruined your body?
If you saved up the money you drank while dealing with accidents that happen every day, you have several apartments. Of course, it was a corporate card.
“My father is a horseman, so where can that lineage go? Good for you. I’ll have to test my drinking today too.”
This is sincere.
“And there is a saying that you should learn to drink from an adult, right? Uncle, please teach me properly.”
Oh Se-hyun smiled and got up from his seat.
“good night. Let’s take a look at our major shareholder’s drinking habit today. Since it is a banquet for the major shareholders and the CEO, we handle the expenses. okay?”
I shook my head vigorously and took a card out of my pocket.
“Let’s drink this. Since the limit is unlimited, go to the most expensive place your uncle knows. It’s where the girls come from. Hehe.”
Oh Se-hyun must have been more curious about the card than the word woman. He took the card from my hand and examined it carefully.
“What is this? Isn’t that the Hansung Ilbo corporate card? Why are you holding this?”
“My future sister-in-law is the daughter of the Hansung Ilbo, and she gave me pocket money. It’s a matter of face for the third generation chaebol. If you put your mind to it and write it down, that’s about it… I’m sure the daughter of the Hanseong Ilbo will scratch enough to make her mouth drop open.”
Oh Se-hyun put on a top.
“let’s go. Let’s make Hansung Ilbo’s ink price go down.”
* * *
I entered one of the ten pros called Yeoksam-dong’s Four Great Heavenly Kings.
“Oh my lord. how long is this? I thought you were living somewhere else because you weren’t there.”
The madam, who greeted me with a fuss, glanced at me and lowered her voice.
“who? Are you raising a celebrity? Even the management business?”
“Sounds useless. it’s my nephew I brought you to teach Judo today. Did the kids go to work? I’ll give you T/C properly, so I’ll carefully select and put in only four. If I don’t like it, I’ll stand up right away. Lots of places to go!”
I stopped Madame’s chatter and went straight to my room.
The madam, who came into the room with four young ladies, clung to Oh Se-hyeon’s side and started chattering again.
“Ace four. You can’t find guys like this at broadcasting stations.”
That’s not wrong. The body and face exposed in the tight short dress were flawless. It’s just that the ratio doesn’t fit the broadcast camera, and this beauty of Jungmo is rare even in the ten pro.
Smiles spread across the faces of the women whose eyes met mine.
Isn’t it a professional job that smells like money? It only meant one thing for a young kid like me to be in and out of places like this.
The son of a rich man in Gangnam.
“how is it? Do you like it?”
Oh Se-hyeon was smiling broadly as if he was very satisfied.
“Sit down.”
When the OK sign was sent with a nod, the ladies quickly settled down and the madam trembled again.
“Oh boss. Ordinary alcohol is enough to get four aces…”
“Put two bottles of Heart Brothers 32 Year Old. okay?”
The duty-free shop price is 600,000 won.
What is the business price?
When the five women in the room cheered, I was in the midst of these dire thoughts.
The alcohol came in as the two women sitting on either side of me were clasping their arms around each other with all sorts of compliments and flattery.
“Shall we turn on the bomb first? It hurts less when I get hit with a hard one. Guys! turn!”
The ladies mixed expensive whiskey with beer.
As if sensing the atmosphere that would not end with two bottles, he poured it overflowing and spared no alcohol.
“All of you, raise your glasses. It is polite to empty the first glass.”
Running from scratch! I don’t think I should learn to drink from Oh Se-hyun.
The thrill of beer and the scent of whiskey heat up your throat and warm your stomach.
“Ugh! Are you drinking? good. Once more!”
The lady next to me threw a word while making bomb liquor.
“Put in a little wine. What if I mix half and half of that poison?”
“You don’t know what our handsome young brother is. It’s okay to put more than half of good quality wine. It goes over better.”
I want it out of desperation.
They come up with different reasons to raise their sales.
“My cute oppa. Tada!”
As the two ladies held out their glasses, a word suddenly hit me in the head.
Half and half!
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