Seeley
Currently, Dasan Motors has 52% of the domestic market share, Daeyang Motors has 32%, and Jeil Motors has a shabby share of 13%, which is not worthy of the name of Jeil Motors.
As a president who had a lot of affection for cars and a desire to be number one in anything, Cheil Motors was like a sore finger.
However, if you get your hands on Daeyang Motors, you can chase Dasan down to the chin, and if appropriate investments are made, it is not a dream to surpass Dasan Motors.
Of course, Eugene was well aware of their desire, so he threw such a delicious bait.
“The president has given me full power. Daeyang Motors, we will have it.”
Vice President Han Jeong-hoon clarified the purpose of visiting Eugene.
“Looking at the current trend, it seems that Chairman Kang intends to disband the Daeyang Group.”
Although Eugene was not directly identified as the cause of the continuing misfortune of the Daeyang Group, there is no way that the main culprit in the group is Eugene.
But Eugene just smiles silently.
“Anyway, the dissolution of the Daeyang Group is inevitable. If that’s the case, then it’s going to be a problem.”
Even a vice president did not dare to bring down Eugene’s poet. Instead, he continued his speech.
“We should put an end to the blessings for Daeyang Group, but this is to make it clear that Chairman Kang has no intention of taking Daeyang Group away, right? So, you asked me if I was interested in the takeover of Daeyang Motors. If Chairman Kang takes over the entire Daeyang Group, he will alert other conglomerates, and as a result, the image he has built up so far may also change negatively.”
“I believe that the Daeyang Group owner family should take responsibility for what they have done so far. And like the vice president said, I have no intention of leading the Daeyang Group. I am only a financial investor, not the head of more than a hundred corporate groups.”
Eugene was consistent with a principled answer. However, it is an answer that you can fully understand what the other person’s intentions are.
In fact, the analysis done by Cheil Group is very accurate. Eugene has no intention of acquiring and managing the Daeyang Group. It’s not a good fit for the ball that goes into it.
It is only a matter of fact that large corporations will become alert to Eugene if they acquire Daeyang Group, or that the public’s view is not good.
“Daeyang Motors, Daeyang International, and Daeyang Capital will be responsible for Daeyang Capital.”
I don’t even think of anyone giving me the rice cake, but they say they drink kimchi soup first. It seems that Cheil Group has already disbanded the Daeyang Group and has thought about which part to ask for.
“It will be very helpful for the Cheil Group.”
Eugene says it’s just someone else’s business.
It seems to have been quite troublesome. Among the affiliated companies of the Daeyang Group, we selected the most naive one.
Daeyang Motors will serve as the basis for putting Jeil Motors at the forefront, and Daeyang International is a global trading company with close networks in over 90 countries around the world.
And, along with the Daeyang Card, Daeyang Capital is a strong source of money for the Daeyang Group.
The reason they do not want major affiliates such as Daeyang Heavy Industries and Daeyang E&C is that construction and heavy industry cannot generate significant profits compared to the past, and it is probably because Daeyang Electronics cannot create great synergies with Cheil Electronics. .
In general, it does not deviate much from what Eugene analyzed.
“Instead, I will fully cooperate with Chairman Kang.”
Of course, it’s not free. If Cheil Group cooperates, disbanding the Daeyang Group will become easier. The influence of Cheil Group in Korea is incomparable to any other group.
It is a fact that everyone knows well that it has a close relationship not only with the ruling party but also with the head of state.
“It’s cooperation. That’s a good thing.”
Eugene was curious about what Cheil Group was carrying.
“Yes. Sooner or later, the prosecution will start an investigation into Daeyang Securities.”
It seems that they have already put their hands up before coming.
The audit of the Financial Supervisory Service and that of the prosecution are two different stories.
“Measures will be taken against the insolvency of Daeyang Heavy Industries & Construction. I wondered if it would prove to be a very serious crime.”
Fraudulent accounting through double ledgers, multiple calculations of assets, and fictitious sales is a long-standing tradition of large corporations.
The Korean media have given excuses for this practice by gaslighting that the collapse of a large corporation will bring a crisis to the national economy.
In the case of the United States, even large corporations such as Enron and WorldCom were disintegrated due to fraudulent acts, but in Korea, these illegal acts that actually cause great harm to the national economy were usually passed without any major problems.
It should be said that there are few places that are free from such accounting irregularities for so-called major corporations.
Of course, if the scale does not fit into the top 10 group, there are cases where it goes bankrupt due to poor accounting.
However, from what one vice president said, it seems that Cheil Group exerted influence over the government.
The Daeyang Group also plays an important role in Korea’s four major chaebols, but it is still not comparable to the power of the Cheil Group.
Moreover, in recent years, as numerous corruptions related to the Daeyang Group have been reported in the media and infuriated the public, they were under pressure to show something about the Daeyang Group’s injustice even in order to preserve the government’s approval rating.
“It looks like there is going to be a war between the Cheil Group and the Daeyang Group.”
Eugene asked as if it was interesting.
“To be precise, it is a matter between the Daeyang Group and the Korean business community.”
It seems that the gift bag that Vice President Han Jeong-hoon has brought is not simply putting pressure on the government.
“Recently, among businessmen, there is a growing awareness that the illegal activities of Daeyang Group are having a very negative impact on the Korean economy.”
To be more precise, Daeyang Group’s illegal activities are sparking fires in other conglomerates as well.
As the allegations that the Daeyang Group affiliates tried to collect large sums of money by acquiring overseas companies have been reported one after another, people are looking at other companies as well.
In particular, as Media Focus reports in detail how the Daeyang Group raised money through overseas funds, etc., and such reports spread widely through the media, it is now necessary to closely investigate and audit the overseas investments of other large companies. Opinions from all walks of life are being drawn out.
Except for the Daeyang Group, other conglomerates have fallen into criticism, which is completely unexpected.
Moreover, the tricks that the Daeyang Group owner family have been using aren’t actually the actions that other big business owners didn’t use at all.
As this situation continued, it was obvious that the suspicions about them would also increase.
Therefore, the eyes of the owners of other large corporations looking at the Daeyang Group could not be relieved.
Even so, Eugene was the problem when it came to covering up the series of suspicions that plagued the Daeyang Group at a national level.
If it’s a general revealing report, you’ll be able to press and erase it by force.
However, everyone is well aware that Eugene, whose cash mobilization ability is incomparable to anyone else, is sharpening his teeth with the Daeyang Group. it’s worth it
In the end, the Daeyang Group incident was like giving the owners of other large corporations a choice in front of their eyes.
Because they too had original sin, they had to either side with the Daeyang Group and fight Eugene, or turn away from the Daeyang Group and further help dismantle the Daeyang Group.
And what the first group chose was to disintegrate the ocean group in a short time.
“I know that Myeongseong Sungjin and Samho Group presidents have the same opinion. And Chairman Oh of Suseong Financial Group was also very concerned.”
All the groups that came out of a vice president’s mouth are companies that could benefit from the dissolution of Daeyang.
Perhaps their chiefs gathered and agreed to dismantle the Daeyang Group and use it as fertilizer for their group.
“It seems that you didn’t come here simply to speak to Cheil Group’s doctor.”
“It happened. The seniors in the business world are very concerned about this situation, so I am taking the gun.”
In order to prevent Eugene’s hostility towards Daeyang Group from causing disaster for other large corporations, on the one hand, it was necessary to compromise with Eugene above all in order for each to gain an advantage.
Even if not, it was natural that Han Jeong-hoon, who was the only acquaintance with Eugene, and who was the next successor of Korea’s number one corporate group, came to see Eugene on their behalf.
“Doesn’t the president of Dasan Group not be included?”
It was immediately clear that there was a clear intention behind the deliberate exclusion of fertility.
What the most want is Daeyang Motors. And if you get your hands on it, there will be fertility and war.
Of course, there is no need to ask that he did not communicate with Dasan.
“Of course, I think Dasan Group Chairman Kim is of the same opinion as us. However, the recent meeting was a little rushed, so I couldn’t coordinate with Chairman Kim. As you know, it is difficult for Chairman Kim to sit at business meetings due to health problems.”
Vice President Han hid his intentions and deferred responsibility to Dasan.
“I’m sorry. In fact, wouldn’t it be troublesome if fertility was lost in this kind of work?”
“Of course, there is no such thing. But for the sake of the cause, shouldn’t it be worth it?”
“All right. Can we accept what Vice President Han said as the opinions of the heads of business in Korea except for Dasan?”
“At least I think so. One thing I can say for sure is that no one in the business world has any intention of opposing Chairman Kang’s disciplinary action against the owner of the Daeyang Group.”
“You’re talking as if I have some authority.”
“Because that is true. The greatest power in modern capitalist society is capital itself, no matter what the phrase says.”
Regarding money, the heir of Cheil Group, who has held a position superior to any other group in Korea for decades, readily admitted that Eugene was superior to himself.
In a sense, such flexibility would be the necessary ability for a leader to lead a large group.
In fact, those who lead Korean corporate groups have always had that ability.
Rather than go against the mainstream powers of an era by advocating useless pride, he was able to create the solid position he is now because he has maintained an attitude of sympathizing with them and taking advantage.
It was the same in the days of dictatorship, and it was the same in the times of democratization. Conglomerates have never made a stupid choice yet.
It seems to be the case even now. Eugene’s power of money is clearly enough to cause disaster on them.
They, as always, chose to go with the flow and pursue the good rather than go against Eugene.