the woman’s grudge
“I have a little acquaintance with Mr. Huh. But, as you know, the relationship between us and the Daeyang Group is so, I couldn’t even go to a consolation meeting. I didn’t mean to pretend I didn’t know.”
“Do you know how the accident happened, man?”
“no. I just heard that it was a car accident.”
“I don’t know for sure either. But I think Geun-ho and Geun-il are related. And Oh Kyung-duk, too.”
“If it’s Oh Kyung-duk, isn’t it the chief of staff of the Chairman of the Daeyang Group? Are you saying that the death of that person and CEO Dae-woong Heo is related?”
The president’s wife reacts somewhat sharply to David’s consistent response.
“How long are you going to keep your shichimi off like that?”
“If you tell me exactly what part it is, I will be able to tell you more comfortably.”
“like. Shortly before the accident that day, I got a call from that person. It seemed like it would be dangerous. I can’t say it properly because the situation is urgent, but he said he had something to tell me. He told me to contact you if there was any problem with him. Before I could ask any more, the phone hung up. That’s all I know. Now, you tell me. For what reason did he ask me to visit you?”
The woman looked at David and asked.
“It’s honestly me… … .”
“If you keep lying, I have to stop.”
He was more skilled at tug-of-war than I thought.
“There was some agreement with Mr. Huh.”
“What promise?”
“CEO Huh was very concerned about the future of the Daeyang Group. At this rate, I don’t think we’re on the verge of sinking.”
“It was you who wanted to sink.”
The woman stared coldly.
“Are you sure you didn’t come here to discuss good or bad with us?”
“like. It’s true that our side, no, Ryu Geun-soo started it.”
The woman deferred all responsibility to Ryu Geun-soo, president of Daeyang Heavy Industries, who had already stepped down.
“So right now, Daeyang Heavy Industries and Daeyang Securities are in a mess. Are you not satisfied with that?”
“What. That’s not the kind of question I can answer. Moreover, the problems that occurred with Daeyang Heavy Industries and Daeyang Securities have nothing to do with us.”
“Really?”
The woman stared at David.
“At least as far as I know.”
David replied with a smile.
“like. I’ll have to meet him too.”
“As I said before, the boss is very busy.”
“I have an 11% stake in Daeyang International. And there it is.”
The woman opened the handbag and took out the USB memory stick.
“What is this?”
David showed a little curiosity.
“It’s a recording file left in the email that President Huh had.”
“Why are you showing me that?”
“That is exactly what I want to ask. This was secretly recorded by someone in my house and sent to CEO Huh. Why did President Huh record this, and why did he let me meet you?”
David pondered for a moment at the woman’s question.
“It seems that CEO Huh foresaw that the Daeyang Group would sink. And you thought maybe it would be much better to hold hands with us. When the Daeyang Group collapses, he plans to take over the Daeyang Group. That’s why you asked us to cooperate.”
“Cooperate. Is cooperation really right?”
“In my opinion, it was.”
“What kind of cooperation did President Huh want? Was it all he had to do with being the head of the Daeyang Group?”
“no. He seemed to be interested in the future of his wife and Ryu Geun-seok. At least, he seems to be thinking of entrusting one of the main affiliates of the Daeyang Group to Ryu Geun-suk.”
Still, David did not comment on the relationship between the president’s son-in-law and the president’s wife. For now, there was no reason to bring it up.
The woman who listened to David sat quietly for a moment. It was as if he was contemplating what to say.
“like. Negotiations with that person. Now I’m going to inherit it. I’ll do what you want Instead, I want our Geun-seok to receive Daeyang Corporation. If I have a stake in Daeyang International, it will be worth that much.”
David is well aware that Daeyang International’s stake plays a significant role in the Daeyang Group’s circular shareholding chain. And, according to her words, the 11% stake is the second largest after the current chairman.
As it is known to the outside, her stake may not be that much, but if she is correct, it is likely that she owns it under a car name.
“It’s not something I can give you a definitive answer. And I don’t even know what you’re doing.”
“Isn’t it necessary for the people in our family to talk to each other? If you need it, I will give it to you.”
She seemed to think that President Huh was providing information.
“There is no specific information required. As Mrs. previously said, the Daeyang Group is nothing more than a rotten giant tree that is collapsing on its own.”
“Then what else do you want?”
The woman is a little perplexed by David’s callous reaction.
“I do not know. Probably not.”
“You are good at negotiating. like. Then I’ll wait. I’m willing to accept whatever conditions you put forward. Instead, I have two conditions. One is about our Geun-seok. The other one is Geun-Ho, and I must see them doom in the near future.”
The woman said with eyes full of resentment she had been holding back.
* * *
“It seems that the relationship between her and her son-in-law was more than an ordinary affair. Perhaps the reason I came all the way here and negotiated this unfavorable was not just because I was worried about my son.”
David reported to Eugene what had happened that day.
“Are you sure the two brothers are related to Heo Dae-woong’s car accident?”
“At least she seems to think so. He said that there was a little bit of talk between the two brothers and the president’s chief of staff. If it is certain that the woman has a grudge over it, it is well worth taking advantage of.”
“okay. First of all, make a cooperative relationship with that woman. I don’t really ask for anything.”
It was probably the one with the hotter body. In that case, the one who asks for nothing will make the other person impatient.
On that day, Eugene could hear another news about the Daeyang Group’s Saju family.
“Daeyang Automobile CEO Ryu Geun-ho is said to have been hospitalized.”
Joanna said with a smile.
“It must have been quite a shock.”
It is said that he collapsed from blood pressure, but it is said that his health deteriorated even more by drinking alcohol every day. It looks a lot worse than I thought.
“The president and the car president are like that at the same time, so it seems that there is an uproar on the part of the Daeyang Group.”
I heard from John Brennan quite detailed information about the Ocean Group. You don’t know who you’re getting information from, but you don’t have to question the reliability of the information.
“How about the former?”
“It seems that President Ryu Geun-il is in a hurry to meet people right now. They are mainly people who own Daeyang International stock.”
Since my father and eldest brother have passed away, they seem to think of this as an opportunity.
“You must be busy.”
Eugene laughed bitterly. It’s a group that will soon be left with only a shell, but for them, they don’t seem to want to miss the opportunity to acquire an ocean group like everything they own.
“If President Ryu Geun-ho does not wake up quickly, it will not be too difficult for the second president, Ryu Geun-il, to acquire Daeyang Group. There is no reason for other shareholders to support those who are sick or those who are not yet experienced.”
“okay. I will have to watch more closely in the future.”
“Now there is not much left for the short sale. It’s around 6% or so. We plan to release the last stock of this.”
And now, the last moment of the Daeyang Heavy Industries incident was approaching.
“The revenue we have recovered so far is $13 billion. However, losses on the part of the Ocean Group are confirmed to be at least $17 billion.”
Of course, Eugene is not the only one who benefited from the stock price surge of Daeyang Heavy Industries.
It was not started with the intention of making a big profit anyway, so Eugene has no regrets about the billions of dollars in unrealized profits.
“It is said that the loss that Daeyang Securities was responsible for because foreigners failed to request the recall of short selling was over 4 trillion won.”
As the non-borrowed short selling became controversial, the deposit forcibly taken on by Daeyang Securities was declared bankrupt because the short sellers had no ability to pay, and it remained as a loss for Daeyang Securities.
Daeyang Securities’ net profit last year was only about 700 billion won, so 4 trillion won is almost six or seven years’ worth of profit. In fact, it is a loss that is not insufficient even if it is declared bankrupt.
As a result, Daeyang Securities, which plays a major role among the financial affiliates of the Daeyang Group, is in danger of being wrecked.
Although it has received urgent blood transfusions from its affiliates and loans from banks through financial authorities, it will be difficult for a brokerage firm that has suffered such huge losses to run properly.
And finally, Joanna released many of her holdings to the market.
Even if not, other shareholders who knew that there was not much left for the short sale were also trying to get out of the way, so when a large amount of stock came out, both of them threw away the stock. Naturally, no one wanted Daeyang Heavy Industries’ stock, and there were only those who threw it, so the price was lowered every day.
There were no trading volumes, and as soon as the market started, days continued to drop to the lower limit.
The short selling of Daeyang Heavy Industries left a considerable aftereffect.
The slush funds of the owner’s family of the Daeyang Group have been blown away.
However, the danger of non-borrowed short selling has been deeply imprinted on the public, and on the other hand, critics angry at the fact that only foreigners and institutions have been able to sell short without special restrictions, the politicians are trying to introduce a new bill to correct the wrong practice. was showing
But no one could be sure how well the bill would come out.
Even if a bill is plausible when it is first drafted, it doesn’t happen in a day or two for it to go through the hands of one person and another.
The Daeyang Heavy Industries incident had such an impact on Korean society and the economy in many ways.
* * *
“Did you have a good income this time?”
The new secretary, who had just entered the Daeyang Group president’s office, was meeting someone in a private room at a luxury club in Gangnam-gu for a weekend break.
“I think it will be around 100 billion. uncle.”
The opponent was Ryu Seong-gyu, who was accused of s*xual assault and violence by Eugene’s ex-fiance.
Ryu Seong-gyu, who was sentenced to two years in prison in the first trial and appealed, was known to be living in seclusion in a quiet rural village in Gyeonggi-do, but in fact, he was preparing for a comeback by living in a place in Gangnam without any restraint.