intention
The next day, Secretary Oh visited Ryu Geun-ho with a lawyer and asked for his regards.
“You are in a lot of trouble.”
“What is suffering? It’s harder for people outside than me. Okay, how are you?”
Ryu Geun-ho asked with a tired face. It looks like he has given up on everything.
“Isn’t it normal for me to always fall behind? But the management of the affiliates is more problematic than me. They all say they will die because the prosecution is poking around all the affiliates of the group.”
“You mean there is no way we can do anything on our side?”
“yes. For the time being, it is best to just hold on.”
“Then who is in charge of the group now?”
Ryu Geun-ho asks, looking at him with a little energy.
“You can say that President Hong is in charge. But, as you know, President Hong has very little control over the entire group.”
Hong Chul-joong, the first son-in-law of the Chairman of the Daeyang Group and the nephew of the Chairman of the Samho Group, was currently serving as the CEO of Daeyang Energy.
Of the three sons who can be said to be the mainstay of the Daeyang Group, the first is in detention, the second is killed in a car accident, and the third is not even able to enter Korea for fear of being arrested.
In this situation, it can be said that President Hong, the husband of the chairman’s eldest daughter, has the legitimacy.
“If it’s President Hong, he’s still a serious person, so it would be perfect for overcoming this crisis. If I can’t leave, I will have no choice but to continue the group’s operation under President Hong’s system. So, give me some strength.”
President Ryu Geun-ho continued speaking in a calm voice.
“There is nothing to criticize about Mr. Hong’s personality or management skills. But it is very difficult because of the situation.”
“okay. It’s not natural. But what can you do? I don’t have anyone other than that friend.”
“It is. It would have been better if even the CEO of Geun-su came.”
“Tell me it won’t happen anyway, what are you going to do?”
“This is what Mr. Kim said. Why not separate the group at this point?”
“separation?”
The face that had not had any energy until now disappeared completely, and Ryu Geun-ho asked with a cold expression.
“yes. He said that if affiliates that were morally problematic and normal affiliates were tied together, there is a possibility that they would sink together.
“okay… … . Are you saying that you will eventually survive?”
A fishy smile appears on Ryu Geun-ho’s face.
“It means that Daeyang Distribution and department stores will become independent.”
Secretary Oh says that he is preoccupied with guessing the intentions of President Kim. Daeyang Distribution CEO Kim is the husband of the second daughter of the chairman and is in charge of distribution and department stores.
“Isn’t it time to come out one by one?”
“Yes. When a crisis strikes, isn’t it the way to find a hole where even you can survive?”
“What does Kyung-ah say?”
“The lady did not say anything else. He was so quiet.”
“What do you think he is? A child who will follow her husband’s orders. Anyway, don’t say anything else. Let’s see how it comes out. But don’t you think President Hong has no other plan?”
“Even President Hong did not express much objection to President Kim’s words.”
“That’s right… … .”
President Ryu Geun-ho seemed to be energized by the actions of the brothers-in-law.
“What would happen if I did as President Kim said? Can distribution, department stores, energy, and credit cards and lives be saved?”
“First of all, there is a possibility. But that leaves less than 1/3 left.”
Daeyang Group is famous for being the largest group of octopus feet among domestic conglomerates.
However, the backbone of the group is automobiles, electronics, and heavy industry.
The sales of products produced by this flagship affiliate are exported through International, which has supply chains all over the world.
If you follow the words of the two sons-in-law, you will give up all of your main focus, leaving only the domestic-oriented group.
“Let’s find a way to save them and drive them to Han-gyu and Dae-gyu.”
Rather, President Ryu Geun-ho was determined to find a way to hand over the company to his two sons, using the schemes of his son-in-law.
If I couldn’t save the main affiliates anyway, I thought I’d make it and swallow the rest.
“We will find a way.”
As always, Secretary Oh faithfully answered.
* * *
“The general meeting of shareholders of Daeyang International is scheduled to be held next month.”
Reported by David, who is always on the lookout for the movement of the Ocean Group.
Daeyang International plays the most important role in the circular shareholding structure of the Daeyang Group.
Dominating Daeyang International is enough to hold and shake the entire Daeyang Group.
Naturally, most of Daeyang International’s shares are in the hands of the owner’s family.
The chairman holds 15%, the three sons together hold 15%, and other group affiliates hold about 10%.
There, perhaps, in another way, he is holding a considerable stake.
“It looks like a division is starting to happen.”
“Perhaps they are trying to separate the flagship and non-core affiliates.”
“If it’s your main focus, you’re saying you’re going to give up automobiles and electronics.”
“Yes. If I can’t save it anyway, I think I’m going to try to find some real value. But the movement inside is quite bustling.”
David reported that infighting could arise between his sons-in-law and his brothers.
“Are the sons-in-law strong?”
Chairman Ryu of Daeyang has been thoroughly son-oriented.
Although he entrusted the subsidiaries to his son-in-law, he still rarely gave up his stake.
“You seem to be approaching a woman and talking to her. The sons can’t use their power anyway, so it seems to be possible if a wife moves the chairman’s stake. In addition, it may be possible if the presidents of each affiliate have a movable stake and the general shareholder’s share.”
Even while President Ryu Geun-ho, who became the de facto ruler of the Daeyang Group, was arrested, the group’s executives were busy moving to find their own way.
“But there are some strange movements. It seems that the Samho Group is planning to intervene in this situation.”
“If it was Samho Group, was it related to the first son-in-law?”
Samho Group is a conglomerate that competes with the four major groups in hotels, department stores and retail.
The group is ranked 5th and 6th in size, and if it swallows up the distribution and financial affiliates of the Daeyang Group, it is in a position to enter the 4th place immediately.
Naturally, there are good reasons to target the distribution division of Daeyang Group.
“You seem to be lobbying the politicians quite a bit. It seems that the politicians are mobilizing the prosecution to investigate people who are hostile to them.”
Eugene had already received a report that Samho was lobbying for something to the vice president of the National Assembly.
However, considering that not only the opposition party but also the ruling party are taking similar actions, it seems that they are moving in earnest.
“It’s fun going back. The Daeyang Group is being targeted by the Samho Group.”
Even a few years ago, no one would have imagined that the Samho Group was aiming for the ocean.
However, with the appearance of Eugene, the status of the Daeyang Group was shaken, and now even Samho, who is below the business rankings, was seen as a prey.
“Come to think of it, Vice President Han Jeong-hoon also brought up the story of Samho Group.”
Cheil Group is targeting major affiliates including Daeyang Motors.
The plan was to dismantle the Daeyang Group by inserting Myeongseong and Samho Group, and to hand over the large chunks to Myeongseong and Samho.
“I think we should talk to the Dasan group for a bit.”
Eugene was pleased with the dark battles of large domestic companies surrounding the Daeyang Group.
When a large prey called the ocean was thrown in front of them, it was expected that the large groups would have a nasty fight over how to share it.
Of course, it may have been sorted out internally right away, but no one knows how things will change when things happen.
And Eugene had no intention of leaving it as they had planned.
A few days later, Kim Su-ho, the second son of Dasan Group Chairman, flew to New York from Korea.
“Congratulations to the president.”
“It’s all thanks to you, so what congratulations? i have to say thank you haha.”
Kim Soo-ho, who used to be vice president of Dasan Electronics, announced the acquisition of Freescale and took over as president.
It is heard that sooner or later, the electronic division of Dasan Group will become independent and take over as chairman.
“I really don’t know what to say thank you to you. It seems that the status of the former has doubled with the Freescale acquisition.”
“From now on, we’re going to double, quadruple, and keep going up there.”
For a while, the two built their affection for each other through good words.
“However, the movements of large corporations around the Daeyang Group seem unusual.”
“okay. First, Myeongseong, Samho, Sungjin. Everyone seems to be in a hurry to eat the ocean.”
Dasan was already aware of the movements of other groups. Since it is a company that fought for the top level in the business world with Cheil Group, it is natural to have a sound information network.
“Except for Dasan, all of the top to 6th place in the business world are in a rush.”
“haha. We’re different from those with no conscience. What if you put saliva on the ocean, and you step in and you are offended?”
It was not that Dasan Group did not pay attention to Daeyang Group.
However, he valued his relationship with Eugene much more than that.
I am well aware of Eugene’s feelings for the ocean, because he was calculating how difficult it would be if he lost even Chuck with Eugene after being greedy.
“So you’re saying you’re not interested at all?”
Eugene asked with a smile.
“Honestly, it’s Tom. Even if it is weak now, there are not many areas where we can create synergy.”
Most Korean conglomerates have set foot in as many fields as possible.
It is rare among large conglomerates that do not have affiliates such as construction, distribution, electronics, heavy industry, chemical, and dairy.
Large corporations are, after all, rivals to each other, and when one is at stake, they become the other’s prey.
Even the Dasan group is so close that it can be considered that there is no field that does not overlap with the Daeyang group.
“Automotive, electronics, distribution… … Honestly, I wish I could just swallow it whole. Heh heh.”
The man with a huge size like a bear smiled innocently and showed his greed.
“Fertility and the ocean. That would be great.”
Eugene just smiled as if it was someone else’s business.
“okay. Do you have any intention of entrusting it to us?”
When Eugene speaks out, it seems that the greed that has been pressed firmly raises its head.
“What authority do you want me to entrust to you?”
“Huh. Who else would say you have the power? It’s like everyone is drinking kimchi soup first.”
“Automotive, electronics and distribution. Do you think you want those three things?”
Eugene remembered the order in which this bear-like man had mentioned.
“Even if we eat only cars and electronics, we will definitely reclaim the top spot.”
Until the late 1990s, Dasan Group was definitely the top business group.
However, since the 2000s, when Jeil took the top spot with the former, Dasan has never surpassed the top spot in the business world.
However, the ranking of the business world will change depending on who gets the Congo that will fall as Eugene disbands the Daeyang Group.
The biggest event in history since the IMF was approaching. And no one thought that the Ocean Group could survive.
“Then let’s think about the composition.”
Eugene has no intention of being satisfied with the dissolution of the Daeyang Group.
They were looking for a way to take over the entire Korean business world by putting this delicious game in front of large corporations.