best group
Ahead of the general meeting of shareholders of Daeyang International, each group had an emergency.
This is because it is clear that the future of the Daeyang Group will be decided at this general shareholders’ meeting.
The dissolution of the Daeyang Group was no longer a variable, but a constant.
As it is certain that the Korean economy will be reorganized in the future depending on how the affiliates of the disbanded Daeyang Group are divided, each group is keen to take over the net exhaust companies of the Daeyang Group as much as possible.
So, it was only natural that the Cheil Group, the largest chaebol group in Korea, was paying attention to this general meeting.
“The prosecution has requested a 20-year sentence for Ryu Geun-ho, president of Daeyang Motors. Your lawyer is applying for bail because of illness, but it doesn’t seem like he will release the arrest. Because under the current circumstances, if President Ryu is released, it is clear that the dissolution of the Daeyang Group will be hindered. Most likely, it won’t come out until after the disbandment of the Daeyang Group is completely over, or until bail is granted or the trial is over.”
In the Cheil Group president’s office, key figures gathered every day to discuss the future direction of the Daeyang Group.
The president, who was quietly listening to the report, asked.
“It seems difficult to indemnify in full, and we have to spend about 4 trillion won.”
“It sounds like a no-brainer. I’d rather give up than spend that money.”
The second son of the Chairman of the Cheil Group shook his head and said.
“I know it well there. Although the shipbuilding industry is expected to return to boom, it is clear that the value of Daeyang Heavy Industries is not worth paying for. However, they seem to be concerned that problems will arise in the future if they pay too low a price.”
“Then don’t say you’re not interested. Who else can take that stale mass, but us?”
“It is said that Samwon Group is also coveting it.”
“huh! Samwon or something like Daeyang Heavy Industries & Construction? Shrimp swallow a whale?”
At that moment, the chairman’s eldest son, Han Jeong-hoon, who was listening to the conversation between the two, interrupted.
“We have to bring Daeyang Heavy Industries.”
“What? Are you crazy? Are you going to pay 4 trillion and bring a stale mass?”
The second son immediately reacted.
“I made a promise with Chairman Kang. We decided to take over automobiles and heavy industry. Chairman Kang said he did not want Daeyang employees to suffer as a result of the dissolution of the Daeyang Group. So, Dasan and us are the only places that can take over Daeyang Heavy Industries and normalize it. If you take over from a place like Samwon, it will only result in mass layoffs.”
“no. So, are you saying that Daeyang Heavy Industries & Construction is taking over 4 trillion won to save the lives of its employees? What rod are we? Kang Yu-jin says he’s a good guy, so he’s so great that he pampers us like that?”
The second son has been at odds with the eldest son more and more recently.
Not so long ago, I thought that I was leading the way in the next succession scheme, but when the eldest son went to the United States several times to meet Kang Yu-jin, the composition began to shake.
It was inevitable to become impatient as the man who is said to be the best in the world in terms of cash mobilization was showing a close relationship with his rival older brother and was supporting him.
For that reason, the second son was anxious to show his presence, even when he was confronted with his older brother in every case.
“Not great. he’s a great guy Who do you think is the reason why the stock price of Cheil Electronics is maintained now?”
“no. What if the stock price drops a bit? Rather than that, shouldn’t we be thinking about the pride of Cheil Group?”
“Don’t be stupid. If Chairman Kang robs Jeil Electronics, the stock price will be cut in half at any moment. So do you think the shareholders will stand still?”
“So, does it make sense to buy the insolvent mass at 4 trillion won? Is it because of that Kang Yu-jin’s intention to take revenge on the Daeyang group and not to undermine his image?”
“Acquiring Daeyang Motors is enough for the price. Considering the profits we will get from the merger of Cheil Motors and Daeyang Motors, we can bear some bleeding. And considering the shipbuilding market conditions, the merger between Daeyang Heavy Industries and Cheil Heavy Industries is absolutely not a loss. to become the world’s number one shipyard. It’s debt, so we can negotiate again.”
“Stop it.”
The father, who was watching the two brothers’ argument, spoke quietly but powerfully.
Then the two brothers, who had blood on their faces as if they were fighting right away, shut their mouths and looked at their father. Like the wealthy members of other large groups, the family members of the Jeil Group were firmly established in the authority of the head of the household.
“Let’s put more pressure on Daeyang Heavy Industries’ debt.”
When the two brothers shut their mouths, the head of the Strategic Planning Office speaks instead.
“Do that. Bringing Daeyang Heavy Industries is a good thing, but you shouldn’t be wasting money that way.”
The president did not listen to either of the two sons. As always, it was the father who encouraged the rivalry between the two sons.
Neither did they urge the two of them to reconcile, nor did they support the other.
The chairman always thinks only of the future of the Cheil Group, and is only paying attention to which of the two can lead the Cheil Group properly.
“So, what did Chairman Kang say?”
“yes. I’m not talking clearly. They just said that they do not want the people to suffer harm from the Daeyang Group incident.”
“What the hell are you thinking? That’s how he led him to this point.”
The second son once again set up the fish farm.
“He is a very mature person for his age. I am by no means a foolish person. It’s hard to believe that I’ve just been lucky enough to see such a success.”
Han Jeong-hoon spared no sympathy for Eugene, who he thought was a supporter of him.
In fact, this is a big event that can focus on the succession structure for the two brothers.
With the acquisition of Daeyang Motors and Daeyang Heavy Industries, Cheil Group will now be able to completely rule as the pinnacle of leading the Korean industry along with electronics.
Moreover, it is a moment to seize the golden opportunity to realize the dual structure with Dasan in the automobile business, which is the biggest wish of the current chairman.
This can be seen as a decisive contribution to the extent that the eldest son can clearly occupy the successor position of the Cheil Group.
“It seems like we have to meet Chairman Kang once in a while.”
Chairman Han of Cheil Group was thinking that he would have to face the person who had shaken up the current Korean economy to this extent.
“We will arrange a seat for you soon.”
Perhaps it was at this time, Han Han-hoon said quickly.
“If it is the president’s invitation, I will never decline it.”
“no. You can’t tell a busy person to come and go. Seeing that he hasn’t come to Korea for a while, he probably doesn’t want to come in until the situation is over, so I’d better go and see him.”
“father! That doesn’t make sense. No, does the president of Cheil Group move to see that young man?”
The second son protested again.
“What does age have to do with it? The current situation is that the man is leading the trend. You must also keep that in mind. Running a business isn’t about bragging, it’s about getting more. If I could get one more penny in my hands, I should be able to bow my head not to a young man, but to a ten-year-old.”
Chairman Han, who has reigned at the top of the Korean business world for over 10 years, seemed ready to bow his head to a blue-eyed young man if he really wanted to get a little more.
It was possible because he was the one who had grown the Cheil Group together with his father, the former president.
They say they are the number one group in the world now, but there were many ups and downs before they reached the top of the business world.
It is a company that has been nurtured by not only the president but also mere generals during the decades of military dictatorship.
The same is true even in the era of democratization. Even with the cries of more than 300 members of the four-year term of the National Assembly, they are ready to show their heads bowed if necessary.
“I heard that Dasan Electronics CEO Kim went to New York a while ago. Did the people of fertility say that Chairman Kang was the worst? We must have discussed something again this time.”
Han Jeong-hoon’s face hardened at the chairman’s next words, and the second son’s face brightened a little.
“We can’t just let Dasan get our hands on Daeyang Motors.”
“you’re right. That is probably why Kang Yu-jin did not give a cool answer to his brother.”
Thinking that the opportunity had come, the second son quickly agreed with his father.
“If you don’t know anything else, it’s difficult if you lose your car.”
Unlike before, a wrinkle appears on the forehead of a president.
Contrary to the plan, if Dasan Motors swallows Daeyang Motors, Cheil Motors’ position will be lowered indefinitely.
It is pointless to lead the automobile business any longer.
“Then I will contact Chairman Kang and arrange a seat right away.”
Han Jeong-hoon was very nervous when the Dasan group was mentioned.
“Let it be. This work should not be neglected in the slightest. And let Vice Chairman Lee collect and analyze all the data about Chairman Kang Yu-jin.”
The chairman then gave new instructions to the head of the strategic planning department. It was only natural to need to know as much as possible about the other party in order to negotiate.
“A vice-president should also tell Lee as much as possible about the events that he and Chairman Kang have met so far.”
“All right. I will tell you everything I remember.”
Even as he said that, there was an aura of embarrassment on Han Jeong-hoon’s face.
It was because I was worried about whether I should share the things I enjoyed meeting with Hollywood actresses in my LA mansion.
“Then I will go with you.”
The second son intervened. He seems to think that if he continues to look at the situation, there is a high possibility that only he will be alienated.
“No, I will go alone this time. You guys are going to focus on your work here for the time being.”
“yes. Okay. Then I will just be ready.”
Rather than giving the second son a chance, Han Jeong-hoon was relieved that neither of them could go.