25- Each person’s misunderstanding
#25. each person’s misunderstanding
1 trillion in 5 years, 200 billion in annual salary.
It is not that there are no CEOs on Wall Street who earn hundreds of millions of dollars in annual salary, but it was an unprecedented amount by manufacturing standards.
“Are you serious, Vice President?”
Vice Chairman Lee Jae-seong said while listening to Ji-hyeok’s report.
“Looking at this, doesn’t it seem worth it? There is something the president always said. You said that one talented person feeds tens of thousands of people.”
“The exact profile hasn’t been confirmed yet, so maybe it’s too much… When an executive’s salary reaches that level, other executives may feel a sense of relative deprivation.”
“That’s it again. It’s not even clear if he’s a person listed in the FA… Then, as Director Choi said, let’s check the profile first. Where the hell did he come from, what was he originally doing, what should we give to embrace him. Find out everything and report it.”
“Yes, Vice President.”
Vice Chairman Lee Jae-seong said with a subtle smile.
“If someone already has an owner, they will buy that owner as well.”
“I will do my best.”
“Oh, is the purchase of the site over due to the Seonghan Paper case?”
“Ah, there is a landlord named Shin Dong-soo who owns about 1,000 pyeong in the core area, but I had a hard time contacting him a while ago. They say they are willing to sell, so we will meet soon.”
“Then, it seems like it’s all over. Finish well in the planning office.”
“Yes, Vice President.”
***
At the same time, Cha Mu-seok, president of Yu-won Harness Semiconductor, was also reporting the results of the project to Jin Seong-cheol, chairman of Yu-won Group.
“Did Ilseong really say that it would hand over the stakes written here?”
“Yes, Chairman. I have already signed a share transfer agreement.”
“If this is the case, is there no problem for us to expand our production facilities?”
“Yes, Chairman. It can be done more than a year earlier than importing from overseas.”
Chairman Jin Seong-cheol looked at President Cha Moo-seok with a happy expression and said,
“great job. You did the right thing.”
“Thank you, Chairman.”
“But, Mr. Cha.”
“Yes, Chairman.”
“How many years have you and me been together?”
“When the chairman first joined the company after studying abroad, I was a new employee, so it has been about 30 years.”
Chairman Seongcheol Jin nodded and said.
“Yes, it was. I’ve known you for thirty years, but no matter how much I think about it, I don’t think you made this board. You weren’t the type to come up with flashy ideas.”
When Cha Moo-seok hesitated for a moment, Chairman Seong-cheol Jin pressed him once again.
“You’re not the type to steal the ball that someone else has set, so did an outsider help you?”
“Ah… no, sir. In fact, Seoyeon introduced the owner of Sunghan Paper.”
“Hmm? Seoyeon? You mean my daughter, Seoyeon?”
“Yes, Chairman. A few weeks ago, Seo-yeon suddenly came to the semiconductor headquarters and connected me with the owner of Sunghan Paper.”
“So you’re saying Seoyeon made this board?”
“It is not. The whole idea was suggested by a person named Kang Ji-hyeok, the owner of Sunghan Paper. and······.”
“What else?”
“It seems that Ilseong is coveting a character named Kang Ji-hyeok.”
Chairman Seongcheol Jin nodded and said.
“Of course it will. Because Ilsung’s desire to collect talented people has been known since his predecessors. What do you think? Should we jump into the battle to recruit that person, Kang Ji-hyeok?”
“He is definitely a person who can be of help to the group, but I don’t think there is any need to cling to things that don’t work.”
Chairman Jin Seong-cheol said with a slight frown.
“What’s not going to happen? Are you saying we’re going to lose to Ilsung in the recruitment match?”
“That’s not the case, I also asked Seo-yeon just in case, and she said that she was not a person belonging to any group or company. Still, if the president asks me to go ahead with it, I will contact you directly.”
“No, you don’t have to. Even if Seoyeon seems strong, she has been greedy since she was young, so she never had her things taken away from her. If you need the ability of that Kang Ji-hyeok friend, you can ask Seo-yeon. Anyway, it’s a shame Ilseong, but it looks like you’re going to dig up a lot of waste, so it’s okay.”
Moo-Seok Cha carefully asked Chairman Seong-Cheol Jin, who was smiling happily.
“I wonder if Seoyeon and her friend…”
“well. I can’t have a guy who doesn’t even know the genealogy as a candidate for my son-in-law. So you dig properly. Don’t forget about family, academic background, wealth, and relationships with women.”
“I understand, Chairman.”
“But didn’t he ask for anything else? I think we should do something in return.”
“When I said I would give them the amount of wrapping paper we use in our shopping mall, they refused, saying they would soon change their business.”
“okay? It’s kind of odd to refuse to give it to me. You don’t want anything else?”
“That’s what he said in passing.”
Since it was about the youngest daughter who was completely excluded from group management, President Cha Moo-seok continued his remarks as carefully as possible.
“Please tell Seoyeon to repay you…”
Then, Chairman Jin Seong-cheol smiled and said.
“Uh heh heh, did the two of you already meet eyes? He takes care of me as if he’s already my man’s woman. It’s a goyan guy. Uh-huh.”
“May I ask what you plan to do?”
“Well, this is a request from a young man who is no different from a benefactor, so you have to accept it. It remains to be seen if it will be mine or if it will be like a dog chasing chickens staring at the roof.”
When I pressed the intercom button along with the words, the chief of staff responded right away.
– Yes, sir.
“Call my wife and tell her to invite all of our children this evening, and connect her to the head of the Strategic Planning Office.”
– Yes, sir.
– Chairman, I changed my phone number.
“Oh, yes. Come up to my room with the group share status in an hour.”
– Yes, sir. I’ll prepare it right away.
After the phone call, Chairman Seong-Cheol Jin looked at President Moo-Seok Cha and said.
“Oh, you’re going to be a group advisor after this term is over, right?”
“…yes, Chairman.”
“Don’t do that, you hold the semiconductor handle a little more. If you have preserved the place, try raising it properly.”
“Go, thank you, Chairman.”
“I don’t like it too much. It’s not because I’m buying your ability high and sitting down. The reason I only used you as a swordsman was because you had clear limits, and even now, that thought has not changed.”
The same words as what Jihyeok said came out of Chairman Seongcheol Jin’s mouth.
Mu-Seok Cha said.
“If I am lacking, I will step down.”
“With the original person, did he get old and sulky? I can’t help it even if I’m sorry Because that’s how you were until now. Still, I value your loyalty more than anyone else. And after making such a big achievement, who would want to be an executive at our company if I gave up my seat and left? Show your skills this time. Then, the next position will be the group vice president.”
It was Chairman Seong-cheol Jin who heard it again and again, but the last words sufficiently stimulated the desire of President Moo-Seok Cha.
Cha Mu-seok lowered his head and replied.
“I will do my best, Chairman.”
***
[Cheongdam Station]
Jihyeok, who prayed earnestly to Sangje God, left the shrine and headed for the reception room.
The business had not yet resumed, but there was someone waiting for Ji-hyeok, thirsty.
“Jihyeok, what should I do?”
Now, whenever something happened, Seoyeon rushed to her.
“What’s wrong?”
“Dad suddenly called me to my parents’ house. Even my older brothers.”
“Is it strange to get together as a family?”
“Because it’s not just a family gathering. President Cha Moo-seok tipped me off a little, but my dad said he separately checked the status of the group’s shares this afternoon.”
Jihyuk smiled and said.
“Then isn’t that a good thing? It looks like you’re trying to take care of something for Seoyeon.”
“That, right? Surely you’re not saying that you’re going to give it to your grown-up brother, right?”
“It can’t be. Seoyeon’s father, isn’t he still correcting himself?”
“That’s true, but… At every family gathering, I only heard that I was handing over the stake in the group’s holding company to my older brothers.”
“Um… how does your father usually treat Seoyeon?”
“I have a very blunt personality, so I can say something, but at least it’s not that I favor my older brothers or anything like that. Rather, even if I skipped my older brothers’ school graduation ceremony, they always attended my graduation ceremony. However, it is clear that they will completely exclude me from issues related to company management or equity.”
“It’s just…”
“Yes, just a cute daughter. That’s it.”
“You think it’s because Seoyeon hasn’t shown you anything yet. Fortunately, there will be a reward because you have accomplished quite a bit this time.”
Seoyeon said with a sullen expression.
“Where is my ball? Mr. Ji-hyeok makes everything, and Mr. Cha is the owner.”
“Isn’t Seoyeon the one who made that possible? It will be good news, so don’t worry and go.”
“Still, hearing Jihyeok’s story makes me feel a little relieved.”
Jihyeok asked with a slightly serious expression.
“Seoyeon, do you want to inherit Yuwon Group?”
“I have never thought of that. Since I am also my father’s daughter, I just thought that a third of the work was my responsibility legally. If you stay like this, you won’t get even 1%, let alone a third. Jihyeok said he was greedy for me, right? Is this really greedy?”
From Ji-hyeok’s point of view, it was just a grumbling, but to Seo-yeon, it was one of the biggest worries in her life.
Wouldn’t it be even more strange if you weren’t greedy for a company worth tens or hundreds of trillions of dollars?
“Seoyeon, think more realistically. I heard that your father is going to choose the successor among the older brothers. Is it possible for the group to pass on a third to Seoyeon without splitting up?”
“I know. that there is absolutely no chance of that. Realistically, it means that we want to bring in at least one or two subsidiaries.”
“At that level, it shouldn’t be too difficult.”
Seoyeon frowned slightly and said.
“All you gave me was a mere 0.1% stake in affiliates, but you said you were handing over the affiliates?”
“Have you ever talked to your father about your inner feelings like now? Just ask for 10%, just ask for one or two subsidiaries.”
“How do you say that? At the point where I was wondering if I could make a fuss about asking for more…”
Jihyuk sighed and said.
“You don’t know your father that much?”
“Have you ever met my dad? Did you see the coronation? Will you buy it for me?”
“I just looked at the pictures. There is a shopkeeper on the Internet saying that Chairman Jin Seong-cheol is a shopkeeper, but I don’t know if it is accurate.”
Seoyeon said in surprise.
“That’s right, my dad bought it. You said it before. My mom said she went looking for shamans all over the country to catch dad cheating. From then on, my dad’s owner started to circulate on the Internet.”
“okay.”
“So. tell me more What is my father’s owner? Aren’t you going to be sick?”
“Do not worry. It is a reward for a long and disease-free life. As you said, when you’re young, you’re a cheater, but when you’re old, you’re a man who’s faithful to your family.”
“Phew, I’m glad. My mother’s heart suffered really badly. I’m really glad that Dad is living a long life without any pain.”
Jihyuk asked with a twinkle in his eyes.
“Aren’t you curious about anything else?”
“I’m really curious… I’m afraid I’ll be upset if I hear bad things, so I’m going to stop listening.”
Jihyeok found Seoyeon’s idea quite admirable.
“Then, I will only tell you things that Seoyeon would be okay to know.”
“really?”
“As you may know, my father is a man who is stubborn and does not easily reverse a decision he has made. Most of the time, people with the owner of the king have this kind of personality, but since you are the head of a chaebol company, you must be living a life that fits your owner. So, if your father has already decided on the successor among your older brothers, that decision will be difficult to reverse.”
Seoyeon’s expression became sullen again.
“However, there is no big difference in the love of your children as much as you are born with good fortune, so if Seoyeon lessens her greed a little, she will easily give you the right amount of property.”
“Then, Mr. Jihyeok…”
“Hold your eyes and make realistic demands. Then you’ll find it easier than you think. Also, Mr. Seoyeon’s fortune telling or fortune telling isn’t common, and if he makes a little money, he’s a fortune teller that’s as big as Chairman Jin’s.”
“Ah, no way.”
“Do I want to do business with Seoyeon for no reason? Seoyeon’s natural luck is not limited to being a child of a conglomerate family.”
Seoyeon asked with a slightly embarrassed face.
“Why are you suddenly saying this?”
“Before that, I thought that Seoyeon’s personality was overly arrogant, but now that I see it, it’s not that she’s arrogant. If you are the youngest daughter, act like a youngest daughter and show affection to your father. Then everything will work out. Do you understand?”
From noble mtl dot com.
***
After leaving the shrine, Seoyeon was in serious trouble.
The older brothers have already been assigned their share of telecommunications, oil refining, and dozens of affiliates under them.
In this situation, what kind of affiliates can you realistically bring? It was a worry.
“Secretary Goh, is there anything in our group affiliates that Dad can hand over to me?”
“yes? Even if the president approves, won’t the older brothers object?”
“So, is there anything that the older brothers won’t object to?”
“Yes, well… Among the affiliates currently recording losses, there are some affiliates that do not match the group’s growth trend…”
Seoyeon’s eyes flashed.
“there is? where? somewhere.”
“The largest affiliate is U1 Shopping Mall and…”
“Secretary Ko, that’s a short-term deficit right now, and the valuation is worth 3 trillion won. There’s no way you’d give me something like that.”
“On a slightly smaller scale, there are ‘You One Cosmetics’ and ‘U One DF.’”
“Wait, Yuwon DF has a hotel and a duty-free shop, isn’t it?”
“Yes, that’s right. Both Cosmetics and DF are affiliates that we were trying to grow in connection with U1 shopping mall, but now they are in fact in the process of selling them.”
Seoyeon said with a twinkle in her eyes.
“Secretary Goh, how about we eat two of those?”
“yes? Didn’t you hear me? All affiliates are recording losses.”
“I heard you. But Mr. Jihyeok said that he thought I would become a conglomerate.”
“No, the CEO is already a conglomerate, what are you talking about?”
“Isn’t that what you said you would become a real conglomerate? Now I am just the daughter of a conglomerate family.”
Seoyeon seemed to be overconfident in Jihyeok’s words, but she knew right away that her current choice wasn’t such a bad choice.