Founding Dynasty
“I don’t think Dasan can afford to take over all of them.”
One president asked, still with a dissatisfied face.
“It’s not a matter of availability, it’s a matter of whether it is necessary or not, isn’t it?”
Eugene smiled and replied.
“Is it possible that Chairman Kang is trying to become the owner of Dasan Group?”
“I have no intention of investing in the group itself. However, I am willing to invest to some extent in individual companies.”
“It’s an individual company… … I think Chairman Kang is somehow scared.”
“Is there any reason why you think that I do not have any foundation in Korea?”
“If Dasan and Jeil monopolize Daeyang Group affiliates, other groups will undoubtedly resist.”
The picture that Chairman Han was drawing showed that 1st place, 1st place, 3rd place Myeongseong, 4th place Seongjin, and 5th place Samho evenly distribute the body of the dismantled ocean, except for Dasan, which is 2nd place. In this case, even if Dasan is dissatisfied, there are too many opponents to fight with.
Chairman Han did not withdraw his suspicions. This situation is sure to have a huge impact on Korea beyond Brexit or the US presidential election.
And it is also clear that such a change will be both a crisis and an opportunity for financial investors like Eugene.
As a chairman, it is inevitable that Eugene is trying to gain profits by competing with the rest of the top two conglomerates in the chaebol structure following the dissolution of the Daeyang Group.
“Did the president ask what will happen to the Korean economy? And I said that if things go on like before, we will lose our competitiveness in the global market except for Cheil Electronics and a few companies.”
At Eugene’s words, Chairman Han nodded without a word.
“About 20 years ago, Japanese companies were leading the global market in almost every field. But when you think about how many Japanese companies are leading the global market right now, you can see the future of Korean conglomerates.”
“… … .”
“However, Japan’s economy is still firmly rooted to the point where it cannot be compared with Korea. This is because a few companies and financial institutions with global competitiveness have been closely involved and have led the national economy.”
Chairman Han looked at Eugene silently even after breathing was interrupted for a moment, and Eugene continued to speak.
“Korea needs to be as centralized as Japan in order to develop new competitiveness. It is quite natural that if about 20 large corporations, like now, enter various fields like octopus feet and focus only on sharing the market with each other, they will lack the ability to lead the global market.”
“Then, do you mean that Chairman Kang thinks that he should dominate each industry exclusively, surpassing all other groups with Jeil and Dasan?”
“It’s not a monopoly. There is nothing as risky as a monopoly in any market. Both for businesses and for consumers. I think it’s ideal for two companies of similar size to compete with different directions of expertise.”
“What about Jeil and Dasan?”
The president asked again as if he had made a promise.
“In Korea, isn’t it only the Cheil Group and the Dasan Group?”
“Hmm… … .”
The president sighed involuntarily. It is because the words Eugene brought out were a startling plan even for the president of the world.
To rethink the competitiveness of the Korean economy, to create a competitive system for the two groups, Cheil and Dasan, in all fields is similar to saying that they would kill other large companies or reduce their influence.
“Do you believe that is possible?”
“If that can be done, I think it is well worth investing in Cheil Group.”
At Eugene’s words, Chairman Han thought for a while.
Is that really possible?
Of course, it’s not worth reconsider if it’s someone else’s words.
No matter how futile the plan to split the Korean economy in half, even if they were the number one group in Korea, he knew very well how futile it was because he himself was the one who put Cheil up to this point.
But what if with Dasan? And what if you have enough capital to do that?
If that happens, how will it come out in the political world, not the business world?
Because the meaning of Eugene’s words was so great, there were so many things to consider.
However… … .
There is nothing to think about Jeil, Dasan, and Eugene’s wealth to move assets worth over $1 trillion.
In the previous year, Korea’s GDP was $1.5 trillion, and the total market cap of the Korean stock market was $1.3 trillion.
With only the assets that Eugene can move, he easily overcomes them.
Chairman Han soon realized that Eugene’s words were the opportunity of a lifetime.
And, as Eugene said, think about the meaning of splitting the Korean economy in half with fertility.
There is a pretty big gap between simply being the number one chaebol group and dominating the Korean economy by dividing it in half.
It will be very different from now. This is especially true when it comes to political and social influence.
Even the Wallenberg family, which accounts for more than 30% of Sweden’s economy, could have an unparalleled influence.
Even more so, considering the absolute influence it has on the media even now.
as it were… … Right now, it’s jokingly called the Cheil Republic, but when that time comes, Korea will truly fall under the control of the two groups, Cheil and Dasan.
Of course, even after that time, Jeil and Dasan are still amicably divided. There will probably be a bloody battle, and one day one will take the throne.
Maybe that’s when the real battle will unfold.
‘At least… … .’
At the same time, it is regrettable. Why did he come to this opportunity only now, when his life is not so long?
Had I been a little younger, I could have jumped into it very ambitiously.
“Chairman Kang must have been a very greedy person.”
Chairman Han said with a kind smile unlike before.
“If it hadn’t been for greed, I wouldn’t be working as hard as I am today.”
Eugene did not deny his desire. I didn’t think the president could have understood his intentions.
If the Daeyang Group is disbanded and distributed to Jeil and Dasan according to Eugene’s intention, and the Korean business world is also invested in half-dividing funds, Eugene’s influence on the two large groups is undoubtedly enormous.
In a sense, it is the same as Eugene’s plan to dominate the Korean economy through two conglomerates.
Eugene had no intention of hiding such intentions, nor did he think he could hide it.
Of course, that was the first thing that the president thought of. If Jeil and Dasan split the Korean economy, the person who will benefit the most is Kang Yu-jin himself.
Maybe the two groups can’t be unaware that they can be like bears who play tricks to improve Kang Yu-jin’s fortune.
But even considering all that, it is true that Eugene’s proposal is so sweet.
This is because the ultimate goal pursued by the chaebol group is inevitably different from what Eugene, a financial investor, wants.
As the head of a chaebol group, what Han wants is influence. Or you could call it dominance. The power to hold and shake Korean society perfectly.
In a sense, the heads of chaebol corporations are similar to establishing their own dynasty.
He has hundreds of thousands or millions of employees below and exerts various influences in various fields of society.
And he hopes that the film will continue by passing on the great dynasty he has built to his descendants.
That is the reason why the president has no choice but to worry.
If you accept Eugene’s proposal, and ultimately win the competition with Dasan, you can completely take over the Republic of Korea and establish a royal family in the true sense of the word.
“You can think slowly.”
Eugene gave Chairman Han a choice. However, both Eugene and Han himself knew all too well that he had no choice but to accept it.
When Eugene said this, it means that Dasan accepted it. If Jeil refused, it was clear where Eugene’s support would go.
To be honest, Chairman Han did not have the confidence to win the competition with Dasan, who was supported by Eugene.
I don’t know if it was any other company. But Dasan’s Chairman Kim is the only rival he recognizes.
Considering Eugene’s financial power, which is not known how much money he can invest, and the fact that he has a close relationship with the current US president, it’s a fight that is frankly not up to the mark.
Even if it lags a little behind Cheil Group, if Dasan Group, which still has considerable influence in politics and relations, declares an all-out war with Eugene and the President of the United States behind them… … That’s close to disaster.
But if you accept Eugene’s offer, you’ll be devouring other companies with competition, not competition, for at least a few years.
In fact, at this point, Han’s worries were over. However, the content of the proposal he received was so great that he could not easily say the word of acceptance.
* * *
Shortly after Chairman Han of Cheil Group visited New York, a general meeting of shareholders of Daeyang International, the holding company of the Daeyang Group, was held.
“At the general shareholders’ meeting of Daeyang International, we approved a company spin-off plan to establish a new corporation, Daeyang Holdings, which will be responsible for the investment of Daeyang Electronics, Daeyang Distribution, and Daeyang Chemical. Accordingly, the Daeyang Group has been established as two holding companies, Daeyang International and Daeyang Holdings. As the president of Daeyang International, Oh Kyung-deok, who was the chief of staff of Chairman Ryu, was appointed as the new president of Daeyang Holdings, and Kim In-kyung, president of Daeyang Distribution, was appointed as the new president of Daeyang Holdings.”
In the public opinion, it was an unexpected event that the chairman’s chief of staff suddenly took the lead in the reorganization of the Daeyang Group.
However, since it was clear that the role of Daeyang International was to deal with Daeyang Motors and Daeyang Heavy Industries, people’s doubts did not last long.
“What the hell is this! What did Hong Chul-joong do?”
Samho Group’s president’s office, which was aimed at Daeyang Group’s main affiliate, was a mess.
Of course, the position of president of Daeyang International, which he thought was his own, was transferred to the wrong person.
At Samho Group, it was taken for granted that Hong Chul-joong, the chairman’s niece and son-in-law of the Daeyang Group chairman, would take over, so the shock was considerable.