500 trillion won
“She betrayed her.”
“That’s a no-brainer! What else is Oh Kyung-duk? Why was that child appointed as president?”
“I understand that it was supported by Dasan Group. It seems that most of the affiliates of Daeyang International are going to be transferred to Dasan.”
“her! It’s absurd. What is the best?”
“It seems that it is enough to take care of the affiliates that have been transferred to Daeyang Holdings.”
“So Dasan and Jeil are going to devour the ocean right now, right?”
“It looks like that was agreed upon.”
“Crazy! These two are going to be shared, but the other companies are saying they’ll keep quiet? What does the current senator say?”
Samho Group Chairman remembered the last bastion, the Vice Chairman of the National Assembly.
He has been working tirelessly to devour rogue affiliates from the moment when the sinking of the Daeyang Group was predicted, and at the core of it was the current lawmaker, a five-term member of the opposition and vice-chairman of the National Assembly.
“Try calling the current member, and ask a member of the council to see you too.”
On the other hand, a lawmaker, a senior member of the ruling party, is also taking a step in this situation. You will have to do anything to get support from Samho Group.
From the time the shareholders’ meeting was over, key figures of the Samho Group met with people from various fields and started discussing solutions to the situation.
“It is a difficult reaction from the politicians. I want to pass it on to Dasan and Jeil from the upper level and to get things back to normal quickly.”
Samho Group also had a lot of connections in politics and relationships as it reached 6th place in the business world, but it could not be compared to that of Jeil and Dasan.
“Did the current member say that?” 0
“I think it is difficult. It seems to be a political burden.”
Reports continued day after day that Daeyang, the third largest group in the business world, was in turmoil and was putting a great burden on the national economy.
If a corporate group with 500,000 employees in its affiliates collapses, it is natural that it will have a huge adverse effect on the national economy.
Politicians continued to announce that they were seeking ways to normalize the Daeyang Group.
The people also take it for granted that the state will not neglect the crisis of the Daeyang Group as it is.
Under this circumstance, if Jeil and Dasan, who rank first and second in the business world, end up taking over the Daeyang Group, the political world will also be greatly burdened.
“The media? Shouldn’t we be maximizing the argument that Dasan and Jeil are unfair to divide the ocean? At this rate, shouldn’t it be said that the economy of this country is monopolized by two companies?”
“In terms of rethinking national competitiveness, the argument that Jeil and Dasan are not bad is far more prevalent. Probably because of the influence Jeil and Dasan have, there aren’t many places that can take our side.”
The influence of Jeil and Dasan not only in politics but also in the media was superior to other chaebol companies.
The two groups, which have dominated the business world alternately for over 70 years after the war, had an influence that other chaebols could not reach in any field.
“What did the other groups say?”
“I am quite upset. In particular, the backlash from the side of fame and Sungjin is great.”
Originally, Myeongseong, Sungjin, and Samho groups had decided to share the ocean with Jeil.
But all of a sudden, Jeil joined hands with Dasan and turned his back on the other groups.
To be absurd, Myeongseong, Seongjin, and Samho have no choice but to be the same.
“okay. Then it’s worth a try. Let each group be contacted. Say we’ll see each other soon.”
Samho Group Chairman gave the order with a firm face.
* * *
[The direction of the Daeyang Group, which is faltering due to the corruption of the group management and continuous bad news, is gradually calming down. The new management of the Daeyang Group and the management of the Cheil Group and the Dasan Group issued a statement that they would do their best to normalize the affiliates of the Daeyang Group as quickly as possible. According to the blueprint released today, Cheil Group and Dasan Group have agreed to provide 100 trillion won in capital for the next three years to support insolvent Daeyang Group affiliates. It is a huge investment that exceeds the current Daeyang Group’s total assets.]
[Meanwhile, as the source of the funds, Mr. Kang Yu-jin, an American financial investor, is being mentioned. According to sources from Cheil Group and Dasan Group, Yoojin Kang has committed to investing at least KRW 500 trillion in Cheil Group and Dasan Group over five years. This is a huge amount equivalent to half of Korea’s GDP of 1,000 trillion won.
Already in the first half of the year, 50 trillion won of funds are expected to come in, and 100 trillion won of investment is expected to come in this year.]
[On the other hand, 500 trillion won is a huge amount equivalent to half of the total stock price of Korean companies last week, and if the amount is invested in the two groups, it is expected to have a significant effect on boosting the stock prices of the affiliates of the two groups. As a result, the stock prices of affiliates of the two groups, Cheil and Dasan, are already rising day by day.]
[Mr. Kang Yu-jin, the largest wealthy person on Wall Street in the United States, is said to have more than $700 billion in personal assets, and more than $2 trillion in assets under management. This is an achievement that has been achieved in less than three years. The 500 trillion won investment doesn’t look like a public check.]
The moment the special news was being aired on TV. The chairman of the 4th, 5th, and 6th places in the business world, Myungsung, Sungjin, and Samho, gathered together to discuss countermeasures.
“what is this sound? Why is Kang Yujin coming out here again!”
After turning on the TV at the secretary’s report and hearing the breaking news, the presidents began to scream.
“500 trillion? Does that make sense?”
“It’s kind of like bluffing. 500 trillion isn’t even your dog’s name.”
Sungjin Group Chairman Yoon, the youngest among the meeting chairman, threw a word as if it was ridiculous.
“If you divide 500 trillion won by 5 years, it will be 100 trillion won every year, but that might be really possible. ttt!”
Myeongseong Group Chairman Park said with a click of his tongue.
“For five years, it doesn’t mean anything, and if it’s about 50 trillion won right now, you can put it out as much as you want. Because he really has that much money.”
“If it’s 50 trillion won, I can actually bear it, but it would be difficult to change public opinion when you hear a voice like that… … . Why the hell is that bastard interrupting all of a sudden?”
The president of the Samho Group, who gathered the presidents, was the most blushing.
“I can’t see it as interfering. Honestly, who doesn’t know about the troubles between him and the ocean?”
The chairman of Sungjin Group was again Khan.
“So you’re saying we’ll leave it like this?”
The Samho Group president all look dissatisfied.
“I cannot stand still. This is like going out to fight over there.”
In terms of fame, this incident is like a thunderbolt in the dry sky.
Although it was ranked 4th in the business world, the reputation was not much different from that of Daeyang, and as one of the four major groups, it was also recognized in the business world, so it was quite different from Seongjin and Samho.
However, if Daeyang is shared between Jeil and Dasan this time, there will be a very stark gap between the two groups of fame and leading.
It will no longer be called the 4th group.
“From now on, only Jeil and Dasan will survive.”
“I cannot afford to be suffering like this. This is nothing like collusion. It’s a case that needs to be taken to court right now.”
“It will be of no use.”
The youngest chairman, Sungjin Yoon, was seeing the situation properly.
“Looking back at it, it seems that whether it is in the political arena or in public opinion, it completely goes that way. A much bigger problem than the passing of the ocean is that the human named Kang Yu-jin sided with Jeil and Da-san. You have to figure out what the hell you are thinking so you can use it with your own hands.”
“It’s a thought, it’s obvious. How much will the stock prices of the two groups go up if you win 500 trillion won and take stakes in Jeil and Dasan? We will probably be able to take care of it in at least a few years.”
“I’m more curious about what Chairman Kim and Chairman Han are thinking. It’s like joining hands with a wolf to eat the ocean, but I don’t know how I’m going to deal with the author in the future.”
The meeting place to discuss measures against Jeil and fertility has suddenly changed to a place of reconciliation against Eugene.
“It really is a problem even if 500 trillion won comes in. When such a large amount of money comes in, how much replacement share do you have to pay? Whether it’s fertility or the best, do you think you’ll be able to survive even if you give it up?”
The heads of chaebol companies in Korea control the group with less than 10% of the shares issued by all affiliates of the group.
In the current situation where the combined stock prices of Cheil Group and Dasan Group are just over $50 billion, it seemed natural that such a huge amount of money would immediately jeopardize the status of the major shareholders.
* * *
“500 trillion won? is that possible? Even if it is divided by 5 years, it is 100 trillion won every year. That’s the market cap of the top 10 groups. Are you saying that the number of teenage groups increases by one per year?”
“Is 100 trillion won a year reasonable?”
When Eugene’s investment plan became known, it was not only the business world that was shaken up immediately. Right now, prominent politicians gathered and were busy grasping the situation.
“It seems possible. I found out that more than 10 trillion won has already been received this month alone.”
“What will happen if 100 trillion won really comes in? Is it positive for the national economy?”
“Right now, GDP will go up at least 15% this year. The stock market is expected to rise by about 20%.”
“What are we going to do now? Isn’t that the only way to increase the president’s performance?”
There was a lot of controversy, especially in the opposition. The government is now entering the second half of the year. Naturally, it is time for the president’s grip on the political sphere to decline.
But in an era where the economy dominates everything. As Eugene said, if a huge amount is invested, the Korean economy will inevitably be affected.
A booming economy is directly linked to the president’s performance, and the next election will be advantageous for the ruling party.
“Why are you pursuing such a big deal without ever discussing it with the politicians? Who knows?”
“The problem is that Kang Yu-jin rarely has that person contact us first.”
“Aren’t you supposed to do something?”
“If it comes out like this, we can’t be left alone, can we?”
“It sounds like they will soon give up their Korean citizenship and acquire US citizenship. If that happens, it will be more difficult to deal with than it is now.”
“what? Is that real?”
“yes. This is a story from the US embassy.”
“Hey, turn to the press right now. First of all, the story. Black-haired foreigners are devouring the Korean economy.”
“All right. We will contact you right away where we can speak.”
A backlash against Eugene was taking place in an unexpected place.