＜ Taesung Group Executive Meeting (1) ＞
“You’re going to attend the executive meeting of Taesung’s affiliates?”
From noble mtl dot com
Not only the grandfather, but also Secretary Kim and President Sim opened their eyes wide.
“What is the reason for calling an urgent executive meeting today?”
“It’s just to discuss which affiliates of Wookwang should be acquired.”
“So I have to attend. It’s an affiliate that I’m going to take over on my own, so won’t you even give me a chance to look around while sucking my fingers behind the scenes?”
Grandpa couldn’t argue with me.
This was the only thing he said after a long sigh.
“Jeonghyuk, you are eight years old. What kind of 8-year-old child will attend the Taesung Group executive meeting…”
“Isn’t there anything you can’t do?”
I grinned.
“I’m curious about Woo-Kwang’s net exhaustive affiliates, I want to hear the opinions of Taesung Group executives, and I want to see the evidence they prepared.”
“her······!”
“In fact, it is not even a decision to take over Wookwang’s affiliates right away. Is there any reason not to?”
“Do you know that affiliates of Wookwang Group are worth a penny or two?”
“So. When you buy a bag of bean sprouts in the market, you buy it after considering various things, but if you are acquiring an affiliate worth billions or tens of billions of won, you have to carefully consider this and that.”
I added in a coy tone.
“If you say a meeting, in the end, it will be about selecting candidates for acquisition, and the decision will be made later at a meeting of the presidents of affiliates or will your grandfather decide?”
“It is, however.”
“Then what is the problem?”
Also, before saying ‘Your age is a problem!’, I jumped first.
“I don’t even have a say. So I’ll just shut up and sit quietly.”
“Mmm.”
“Please allow me to observe, Grandpa. yes?”
A low sound of pain escaped Grandpa’s mouth.
Secretary Kim opened his mouth.
“As the young master said, you won’t disturb the meeting, so won’t there be any problems?”
“Sit an 8-year-old child in a meeting of executives of a chaebol group? Does this make sense?”
“Honestly, do you care who attends your meetings?”
Secretary Kim pointed to the meeting materials he had prepared in advance.
“What executives need to pay attention to is the meeting agenda, the future of Taesung, and issues related to their affiliates. We’re running out of time to even discuss that, so are you in the mood to care about the young master?”
It was very thick because it was a material for reviewing the acquisition of Wookwang Group’s 41 affiliates.From noble mtl dot com
No, it wasn’t to the extent that it was a little thick.
It was incredibly thick. It was as thick as several volumes of a hardcover encyclopedia.
“Sir, what do you think?”
The grandfather’s head turned towards Sim this time.
“Chairman, if you think of it as early education, I don’t think there is anything you shouldn’t do.”
“Early education?”
“Isn’t it something you, too, have to go through someday?”
President Shim also opened his mouth.
“Others claim to take their children to study in the United States for early English education. Since ancient times, noble families have been taught the Thousand Characters at the age of three, right?”
“Huh, anyway. Are you giving your 8-year-old grandson, who is not even an heir, an early management education and attending the executive meeting of affiliates?”
“It is said that chaebol families are part of management education, but who would dare to argue? I will ask him directly.”
Grandpa laughed softly.
“President Shim, I didn’t know that you would agree to Jung Hyuk’s attendance at the executive meeting.”
“I think this is also the president’s blessing. How common is it to have a grandson who shows interest in the circumstances of the company at such a young age?”
“Yes, if it’s Taeseong’s blood, you should show that much!”
Finally, Grandpa nodded.
“good night. Then, I will allow you to observe the executive meeting of all affiliates of the Taesung Group today.”
“Thank you, Grandpa.”
“But as promised, I’m just watching quietly.”
“Of course.”
“I know that if you disrupt the meeting, I will kick you out immediately.”
“yes. will be quiet Maybe even a little finger?”
To be honest, I don’t believe in little finger promises… huh?
“It’s a promise.”
Grandpa straightened my fingers, hooked my little finger, and shook it.
“You will not regret this decision today. I can promise you.”
I jumped off the parlor sofa.
I folded the paper that had been placed on the parlor table and put it in my coin purse.
Except for the three-page contract regarding the merger and acquisition of Taesung Chemical.
I handed the three-page contract to President Shim.
“President Shim, make sure to mention this at the executive meeting later.”
“What do you mean?”
“Here’s this special deal.”
The special contract I was referring to was this.
＜Until the stock reorganization is over, Taeseong has the right to negotiate first.＞
“Ah, negotiations on the reacquisition of Taesung Chemical!”
“At that time, it means that we should not only bet on Wookwang Securities, but also bet on Wookwang Construction.”
“yes? Aside from Wookwang Securities, which was secured as collateral, what does Wookwang Construction have to do with the reacquisition of Taesung Chemical?”
“Where did you issue the bill needed to acquire shares in Taesung Chemical?”
“That’s right, Wookwang Construction… Wait a minute. Bocchan, this can’t be…!”
Also, Mr. Sim!
If you pretend, you pretend and understand.
“Ooh, I guess you can weave Wookwang Construction with this! Ha ha ha ha ha! After all, my baby is the best!”
From noble mtl dot com
Not to mention the grandfather who understands right away and bursts into laughter.
“You seem to have a plan for everything. It is a big picture indeed.”
Even secretary Kim nodding with a happy expression!
It’s good that I don’t have to explain because I’m a person who understands all of this!
“Grandpa, let’s go. The executive meeting is running too late.”
“Yes, come. let’s go!”
I ran to the jjoro and held my grandfather’s hand tightly.
“I look forward to it.”
“It might be boring. This is not the place to end laughing and chatting. If the meeting is long, two hours will fly by.”
Do you know who does this because they don’t know that?
“Secretary Kim, then I would like to ask for the materials of the executive meeting, as well.”
“All right. Is there anything else you need?”
“A red colored pencil?”
“If possible, I’ll pack it for gifts in 12 colors.”
Grandpa laughed.
“Good idea. It’ll be boring to sit around, so you can just play while drawing.”
From noble mtl dot com
No, who draws pictures leisurely during that precious time?
‘There must be so many things to see, hear, and question. For an 8-year-old child, it is rare to find a place where the ability of group executives can be judged.’
Is there any way to explain this?
‘Then, shall we take a closer look at what the Wookwang Group’s subsidiaries are, which Taesung Group is considering taking over?’
It was a golden opportunity to discover high-quality information and materials that are difficult to obtain separately on the market.
* * *
Executive meeting of all subsidiaries held in the conference room of Taesung Group headquarters.
It was fiercer than expected, and tighter than expected.
Parala Rock.
I sat at the back and watched while flipping through the thick meeting materials.
It was data about candidates for review of whether to take over Wookwang Group affiliates surveyed by group executives.
‘Requirements are golden, this is silver, that is sh*t.’
This is detailed information about Wookwang’s 41 affiliates.
After classifying them into three types, it was decided to meticulously familiarize themselves with the prioritized data.
Taesung Group executives focused on the meeting.
“The contract for the merger and acquisition of Taesung Chemical can be said to be a godsend.”
“All Wookwang-related stocks are crashing after crash. Isn’t it a situation where Wookwang Steel’s deficit is snowballing?”
“Isn’t it true that by donating 1 billion won to a poor housekeeping and establishing the Wookwang Foundation to deal with accidents? There must have been a limit to Woo-gwang’s cash flow.”
“At this point, I had to shake off all of my 15 billion joint shares with Woo-gwang. Doing all the complicated things without spending a single penny. This is awesome.”
“I even got Wookwang Securities as a bonus. It is the fourth largest securities company in Korea, worth paying close to 20 billion won before the stock crashes.”
Every time Taesung Group executives opened their mouths excitedly, the corner of Grandpa’s mouth kept twitching.
It seemed that he couldn’t stop twitching every time he looked at me.
It was the same for Secretary Kim and President Shim.From noble mtl dot com
No, these nobles?
A very important meeting?
A situation where all the executives of all affiliates are gathered?
“How many pyeong is the land in Gangnam that Wookwang Construction has bought every time it succeeds in selling an apartment?”
“They must have bought the land in advance, expecting that they would be in charge of the construction of subway line 2.”
“Most of these are shopping mall sites or apartment sites that have been demolished from shanty towns. It’s a bare land.”
“As it was revealed that the president of Wookwang Construction was behind the arson teacher of Wookwang Chemical, Wookwang Construction continues to crash after crash every day.”
“At this time, what would happen if we took over Wookwang Construction?”
President Shim raised his hand to gain the right to speak.
“When we were negotiating the acquisition of Taesung Chemical, we decided to issue a promissory note from Wookwang Construction. Do you see this?”
What President Sim was holding was a three-page Taesung Chemical merger and acquisition agreement.
“Our Taesung has the right to negotiate first. Of course, the same applies to Taesung Chemical’s promissory notes.”
Sim smiled.
“It looks like everyone paid attention only to Wookwang Securities, but Wookwang Construction is also not free from this contract.”
“ah!”
The executives of Taesung’s affiliates were greatly impressed.
“Since the stake in Taesung Chemical has not been settled, Taesung has the right to negotiate first for Wookwang Construction!”
“The issuer of the bill is Wookwang Construction. Since there is a problem with the payment of the bill, this issue must come to the negotiating table!”
“Fortunately, if Wookwang Construction goes bankrupt, it will be more advantageous. Then I think I can get it for a really cheap price, no, sh*t!”
Taesung Group executives laughed loudly.
There were even executives who threw away their status and face and applauded and cheered.
“This was the ulterior motive behind the negotiations to snatch Taesung Chemical! It is just admiration!”
“Yes, this is really great! How could he have offered such a contract without foreseeing something like today!”
“I knew President Shim was competent, but I didn’t know he was this great. How many of Woo-Kwang’s subsidiaries can you swallow with your bare mouth? ha ha ha!”
“The future of our Taeseong is very bright! Let’s expand the number of subsidiaries at this point! ha ha ha!”
Executives of affiliates applaud President Sim.
Grandpa and Secretary Kim were looking at me with their mouths hanging over their ears.
President Sim was also glancing at me and scratching the back of his head as if he was sorry.
These gentlemen are real! Aren’t you going to take care of your face?
* * *
Executives of Taesung Group, whose motivation gauge was filled with full power, began to propose Wookwang affiliates to take over this time.
“I will propose to take over Wookwang Motors!”
was the great-grandfather
Then, executives of Taesung Motors supported the argument for the acquisition of Wookwang Motors by citing specific figures.
“Korea has recorded a high growth rate of over 10% per year.”
“Last year, the gross national product per capita exceeded 1,000 dollars.”
“We anticipate that there will be a My car craze in the near future.”
“By referring to the precedents of advanced countries and considering the automobile penetration rate in Korea, the prospects for the automobile industry are very bright.”
Tsk tsk, what about this?
‘Woogwang Motors is the color of sh*t.’
Due to the second oil shock, automobile companies around the world start bankruptcy like dominoes.
Major American automakers such as GM, Ford, and Chrysler cannot recover forever from the blow they suffered at this time.
Only Germany, Japan, and the United States, which risked their lives to improve fuel efficiency, barely survived, and in many countries, including the United Kingdom, the automobile industry almost collapsed.
‘Sooner or later, it will be inevitable to integrate the automobile industry, which is referred to as the bottleneck of the 5th Republic.’
In the past, my uncle had to suffer greatly.
The loss of Taesung Motors snowballed so much that we had to consider selling it.
For that reason, the eldest son withdrew from Taesung Motors.
‘If I took over Wookwang Motors, I would not be able to escape bankruptcy.’
In the past, Taesung Motors suffered a staggering blow because they failed to take over Wookwang Motors.
I drew a large X on the Wookwang Motors document with a red pencil.
“We also want to propose the acquisition of Wookwang Refinery.”
“Chief Cha is right. The combined product of Taesung Motor and Woogwang Gas Station was popular.”
“We expect a great synergy effect between affiliates.”
I shook my head this time too.
‘Oh, Woogwang Oil is the same color as poop!’
When the 2nd oil shock broke out, why did the US Gulf Co. take a loss on its shares in Korea National Oil Corporation?
This is because the government, crying out for national economic stability, passed on all of the losses from soaring oil prices to companies.
‘During the second oil crisis, Wookwang Refinery was crushed. There’s no way to explain this?’
I drew an X on the Wookwang Refinery document with a red pencil.From noble mtl dot com
Not once, but three times in a row.
My uncle got the say once again.
“I hope you also consider Woo Kwang Heavy Equipment.”
Hey, why does my uncle always choose a damn company every time he opens his mouth!
＜ Taesung Group Executive Meeting (1) ＞ End