34- Yuwon Telecom (2)
#34. Yuwon Telecom (2)
Yuwon Hotel Korean restaurant private room.
When Seoyeon heard about Jihyeok’s plan, she couldn’t hide her embarrassment for a while.
Jihyeok said.
“I think so. Looking at Chairman Jin’s personality, he will never be the kind of person who will share things fairly with his children, and he will definitely abide by the principle of succession to the eldest son.”
Seoyeon nodded and said.
“that’s right. He said that he could give his second brother a chance, but I know and he knows. That you’re just trying to use it as your big brother’s pacemaker.”
“Chairman Jin himself came to the position of chairman as an adopted son from the previous chairman’s nephew because of the eldest son’s succession principle, so he probably never thought of anything else.”
“By the way, will the second brother try to hold hands with us? Actually… I’m a bit hesitant too. I thought I might end up severing ties with my dad forever…”
Jihyuk smiled and said.
“That won’t happen. Even if you don’t like it, my baby is better than an enemy outside the fence.”
Jihyeok’s Zen dialogue-like words made him tilt his head, but Jin Seo-gyeong, head of Yuwon Construction Headquarters, who had been waiting for him, entered the room.
“Brother, are you here?”
“Okay, what’s up? sit down.”
Jin Seo-kyung glanced at Seo-yeon and then moved in front of Ji-hyeok.
“Is that Kang Ji-hyeok?”
“Nice to meet you, this is Kang Ji-hyeok.”
“He did some pretty cute things with CEO Cha Moo-seok.”
Jihyuk smiled and said.
“I am sorry about that. It was like taking the position of general manager unintentionally.”
“Stop talking nonsense and talk about the main topic.”
“I heard you have a calm personality, but why are you in such a hurry? Let’s have a meal and talk.”
“You speak as if you know me well. I came out after seeing Seoyeon’s face, but I feel very uncomfortable trying to talk to the guy who blew my seat away. Seo Yeon-ah, I have granted your request. Don’t follow me, have a meal with that friend. You look good.”
Ji-hyeok spoke in a slightly louder voice to Jin Seo-gyeong, who was about to leave without even sitting down.
“Unlike your contemplation, you seem to have a small person-like side. Were you so resentful that the CEO position was taken away?”
Jin Seo-gyeong turned her head.
“what? small fry?”
“Anyway, the fact that you came here must mean that you expected even the slightest bit from me…. Wouldn’t you regret it if you died like that?”
Jin Seo-gyeong looked at Seo-yeon and said.
“Seo Yeon-ah, is this friend always this arrogant?”
“Brother, it’s not like that, just listen slowly.”
“Sit down for a moment. It’s okay if it’s profitable, there won’t be any loss.”
Only then did Jin Seo-gyeong sigh and sit down on the chair.
“Ok, fine. Is that a shaman? Would you like to see my boss? I’m sorry, but I know the owner of mine. He said that even if he tried his best, he wouldn’t be able to take his place. My rice bowl has to be good at one affiliate, and that’s about it. You kicked me for trying to get a bowl of my food.”
“Just because you sit in the president’s seat, doesn’t the semiconductor become your property? And it’s rude, but I’ve already seen the owner of the general manager.”
In an instant, Seo-gyeong turned her head and looked at Seo-yeon.
It was a silent scolding that you told me about the saju.
Jihyeok said.
“This is what I asked for, so don’t blame me too much.”
“I won, so how did you see my boss?”
“You seem to have asked a lot of other fortunetellers… is there anything very different about me? It’s just what the second son of a chaebol family would be born with. The material is excellent, but the bowl is as small as a soy sauce bowl, so it is true that it is impossible to contain it even if you want to.”
“Ha… Even knowing and listening to it, it feels like X. You bastard…”
– Tak! widely!
Jihyeok slapped the table lightly and said.
“By the way. You have so much blessing on your face that the owner cannot contain it.”
In fact, as Jihyeok said, Seogyeong also visited many fortunetellers with his wife’s torch.
The story I heard at that time was that it was just a person who would live without worrying about money, not a fortune teller or contemplation to have great wealth.
I was annoyed when Jihyeok first guessed about Saju, but when I thought that he was talking nonsense about contemplation, I got even more annoyed.
“Ha… Stop playing shaman and talk about the main topic. It’s to the point where it annoys me to hear more.”
“great. Let me get to the point. We will help Mr. Jin Seo-kyung to inherit part of Yuwon Group. Of course, for that to happen, Jin Seo-kyung will have to actively help me with my work.”
“Kuh… Kkeuk. ha ha ha Hey, Jihyuk Kang. Do you know what kind of neighborhood supermarket Yuwon Group is? It’s not something the likes of you can touch.”
Jihyeok said with a straight face.
“well. It doesn’t look particularly difficult to me… The holding company’s stake in affiliates is less than 30%, right? Of course, it can be said that there are many, but it is not absolute. For example, in the case of Yuwon Telecom, it is only 23%. Isn’t that a pretty unsettling figure for a group’s top core affiliate?”
“So you’re going to try the telecommunications company now? Puhahahaha, the passing dog must be laughing. Do you know what Yuwon Telecom’s operating profit is for a year?”
“Over the past 10 years, we have posted more than 1 trillion won in operating profit every year. Last year, operating profit was a whopping 1.4 trillion won.”
“Heh, I know that.”
“But why is the market capitalization of a company that makes that kind of operating profit only 10 trillion won? Even the amount of money spent on telecommunications facilities throughout Korea alone seems to exceed 10 trillion won.”
Jin Seo-gyeong said with a little embarrassment.
“That, that’s also the problem of the telecommunications company’s debt…”
“It’s not like that. This is because a lot of the operating profit is being spent on buying back stock or strengthening the management rights of the owner. Of course, the double counting problem caused by both the holding company and affiliates is listed.”
“Do you think you can eat the news agency? It’s a no-brainer.”
It was still a cynical Seogyeong.
Jihyeok said.
“Who said he would eat the news agency? I’m just trying to motivate Chairman Seong-Cheol Jin to make more efforts to improve shareholder value. For example, by securing a large stake in core affiliates and attending the board of directors.”
Jin Seo-gyeong frowned and said.
“You bastard, do you know what that means?”
“Do you hate it because it feels like putting a knife in your father’s back? What if the results go back to General Manager Jin Seo-gyeong as a large-scale holding company stake?”
“That, that couldn’t be possible…”
The word impossible came out of his mouth, but Jin Seo-kyung’s eyes were emitting light in an instant.
“More Value Capital will join us.”
“Wait, where? More value? There…”
The official mission is ‘More Value Capital Management’.
It was also the company that Samuel was a member of, a mega-activist fund.
What we do is no different from Elliot Management, the number one company in the industry.
Securing stakes to actively participate in management, and generate profits by raising the stock value.
Of course, in the process, there are many things that threaten management rights.
“Are you interested now?”
“Whoa… I’m suddenly hungry. Let’s order some food and talk slowly.”
It was only then that Jin Seo-gyeong began to listen carefully to Ji-hyeok’s words with a serious attitude.
***
Jin Seo-gyeong, who ordered rice bowls as the fastest food, emptied the bowl in an instant.
The reason for ordering the meal must have been to properly chew on Ji-hyeok’s words and think about whether there was a possibility of realizing it.
“So you, no, Kang Ji-hyeok, are you saying that you will shake the telecommunications company and get a stake in the holding company?”
“Yes, isn’t 21% of the treasury stock owned by the holding company, Yuwon Co., Ltd.?”
“You mean your father would accept that?”
“Of course I can’t, but if it’s the general manager, it’s a different story. Even if I put a knife in my father’s back, I’m still a child.”
“So what is your reason for doing this?”
“Does the reason matter?”
“No, it is. You and I are strangers, so what is the reason for giving me such an advantage after opening a game like that?”
“The first reason is that Chairman Jin has no will to recover the damage even after inflicting a large loss on the company I invested in, and the second reason is that this project requires a lot of bullets.”
Jin Seo-gyeong frowned slightly and said.
“Can I put money in too?”
“Yes, at least 300 billion. If you can afford it, you should prepare about 500 billion won. Of course, I will bet more than 300 billion.”
“Hey, what kind of bank is the 3rd chaebol? There’s no way you have hundreds of billions of money in your bank account. As soon as the construction company funds are touched, a report will go up to my father.”
Jihyeok looked at Seogyeong and said.
“There must be a hole where the money will come out.”
Seo-gyeong patted her face a few times and smiled.
“Is it like that in my contemplation?”
“In fact, the general manager’s contemplation is somewhat lacking for a conglomerate. His nose isn’t very well stretched, and his philtrum isn’t straight, but looking at the general manager himself, he’s just about to buy and sell without worrying about money. By the way, the eyes are very good.”
Jin Seo-gyeong smiled and said.
“The 3rd generation chaebol doesn’t have much luck, but they just have good eyes? Is that a joke?”
“It can’t be. If the tails of the eyes are long, there is a high chance of meeting a good spouse, and if the temples are straight and bright, the life between the couple will be harmonious and prosperous. I don’t know what kind of person your wife is, but it seems that the marriage went well.”
At that moment, Jin Seo-gyeong turned her head to look at Seo-yeon and asked.
“Did you tell me?”
“No, brother. I didn’t say anything. I didn’t even ask about my new sister.”
Jin Seo-gyeong asked Ji-hyeok.
“Do you know where my wife’s family is?”
“It’s the first time I’ve seen you today, how am I supposed to know that? I just said it because I wanted to be born with the Cheobok. If you do good to your wife, it’s a contemplation that you’ll get rice cakes even while you’re sleeping, right?”
From noble mtl dot com.
“Ha… I’m going crazy. Listen, it’s true that my wife’s family has a lot of money. My great-grandfather is one of the best loan sharks in Myeong-dong.”
“Oh, did you?”
“By the way, what kind of nobleman is that nobleman? He is the nobleman who made his own son die while traveling abroad because he was fed up with the greed of the nobleman. A nobleman who went to collect interest even though his son was in an accident?”
“Hmm… You seem to have a strong obsession with money. By the way, isn’t the head of the general manager moved too when he saw the money from his great-grandfather?”
“Yes, maybe not now, but at first, I met my wife’s grandfather because he was a cash king or something, but I couldn’t even get my teeth into this guy. Do you know what he said? Interest is armful. 8% per month, what, 300 billion to a nobleman who wants to give a bond to his granddaughter and son-in-law? He’s an old man who will give away everything he has.”
Jihyeok said with his brows slightly raised.
“It is difficult. It is a project with a very high probability of success, but if there are too many shares on the ‘More Value’ side, things may not proceed according to our will… First of all, we have time until next week, so check how much money you can get by then. It is better to prepare about 300 billion won anyway.”
“That word… sounds like borrowing a private loan…”
“If you want to sit on the gambling table, shouldn’t you put up a stake? I can’t tell you all the way. Enough for today and see you again next week when someone comes from More Value.”
The moment Jihyeok was about to leave, Jin Seogyeong opened his mouth again.
“By the way, aren’t you exposing your plans too easily? Can’t I just tell my father about this?”
Jihyeok let out a small laugh and said while shooting intense eyes at Jinseokyung.
“Go and talk to your father. Even if the opportunity comes, it will be fortunate if you don’t hear the sound of a bastard who can’t draw a knife. Let’s go, Seoyeon.”
“yes? yes. Brother, we’ll go first. Call me later.”
After Ji-hyeok and Seo-yeon left the room, Jin Seo-gyeong, who was left alone, was shaking for some reason.
“What kind of guy’s eyes are so cruel? Ugh…”
Throughout the conversation with Ji-hyeok, Jin Seo-kyung pretended to be strong so as not to be overwhelmed by Ji-hyeok’s eyes, but when Ji-hyeok disappeared, tension came at once.
“Even if Seoyeon chooses that one, what a bloody guy…”
Once again, Jin Seo-kyung shuddered and quietly took out her cell phone.
– Tiriririring!
“Uh, honey. I need to meet my great-grandfather. uh, uh Even tomorrow.”
Jin Seo-gyeong, who was about to press end call, brought the phone back to her ear.
Jin Seo-kyung, who had never been kind to his wife, recalled Ji-hyeok’s words and said to her.
“Oh, did you eat dinner? This is an Amusement Hotel. Shall we buy some dessert?”