[298]Are we getting along well? 9
“What are you going to name it? Are you going to protect Sunyang? Or are you planning to merge with HW?”
“The companies acquired by Daehyun Group have decided to merge with HW, but Sunyang has not yet decided. I think I need to talk about this with my first uncle. Of course, Chairman Lee Hak-jae will negotiate.”
“why? Are you putting forward Chairman Lee Hak-jae because you want to hide the fact that you are the owner of Miracle and HW?”
His eyes lit up as he knew exactly who I was. He said with a smile that he thought he was deluded.
“There is no reason to hide it and I have no intention of doing so. Chairman Lee is only stepping forward because the entity taking over the construction is the HW Group. “I don’t mind telling my first uncle that I am the owner of Miracle.”
“Maybe it would be better to hide it? The wariness I have for you… .”
“Uncle. Just tell me what you want. “I would appreciate any advice.”
He made a short groaning sound and spoke with difficulty.
“I want to make sure your cousins don’t have any problems.”
In the end, the last thing to worry about is your children.
“What can I do for you? “If my uncle wants a subsidiary, I’ll think about it.”
“Don’t insult me anymore!”
As the second son of the founder of Sunyang, he was evaluated as the best among the children, and as vice chairman, he played a key role in the group.
An honorable retirement would be better, but becoming the owner of a corner store would be a shame worse than death.
“sorry. My thoughts were short. “Then do you want to continue working with the group?”
“Is it possible?”
“Taejun’s brother has a good reputation, so will there be a problem? But Sungjun hasn’t touched any group work yet, has he?”
“I only worked at the European branch for a year, but I can’t live as a wanderer, right?”
“All right. We will discuss this and create a space. However, I will clearly tell the representative of the affiliate company. “If you don’t have the ability to handle your position, you can always get rid of it.”
Although the words were cold, he nodded his head.
With Vice Chairman Jin Jin-gi’s power alone, he can create a small subsidiary. It is a means of earning a living when the children are in the final straits. Right now, staying attached to the torso is more important.
“It’s only natural since my father doesn’t have any support. That’s enough. instead… .”
“Don’t worry. “I promise you an important position.”
I reassured him who was worried that it would be a place where he would spend time sitting in a spacious seat.
“Is there anything else you need?”
The second uncle held out a document.
“That’s the stake I have. “Most of the shares are worthless since the affiliates have been liquidated, but there are still some useful ones left.”
I quickly scanned the stake list. The ones that were worth using were shares in electronics and industrial products, but it wasn’t that much.
However, in the final fight, even though the stock of the week would have been disappointing, it was also nice to see it. Showing me this stake means that we will make a deal.
I am not a person who wants money. Because he’s not that simple.
“I will bury this stake. I won’t hand it over to your uncle either. “Don’t forget.”
“When I need it most… . Of course, this is when you need your first uncle the most.”
“As expected, you’re quick-witted. “I wonder how much this share is worth then?”
He had a smile on his face, and so did I.
“Think carefully. It might not be worth it. “With that level of stake, there is a high probability that the trend will not change.”
“You’re not investing based on probability alone, right? “Let me trust my intuition.”
I understand the feeling of not wanting to miss the last chance. But she seems to have forgotten that she is getting older.
As time goes by, even minds change. If you don’t change, you will only suffer.
“Please. “I wonder if my uncle’s prediction will be accurate.”
We looked at each other and smiled. Some people might laugh bitterly.
* * *
“When I look at our Chairman Lee, I really envy him. A reliable water supplier… . No, I’m holding on to a huge water jug, so in times like this, I’m going to sweep it all up. really! It was like that during the IMF period, right? Ah-jin and Dae-ah, when you were struggling with no money, you saved up your money and ate it all. Right?”
Vice Chairman Jin Young-ki joked in front of Chairman Hak-jae Lee. In his eyes, Lee Hak-jae is just his father’s eternal follower.
Seeing that such a person was now trying to take one of the three legs supporting the pot called Sunyang, Jinyounggi felt extremely uncomfortable.
“Would that just be money? You probably didn’t miss the opportunity. Isn’t taking advantage of opportunities the basis of management? haha.”
When Jinyoung-gi mocked him for missing the opportunity, the corners of his eyes rose.
However, now was not the time to get angry and reminisce about old movies, so he calmed down in an instant.
“It’s a waste. “I never dreamed that a chance like this would come.”
“Let’s forget about the past and finish cleaning up the debris. “Shouldn’t we avoid making each other blush because of needless stakes?”
“That’s exactly what I think. Even if that’s the case since he’s my brother, aren’t HW and Chairman Lee completely strangers? No, it’s not a complete remnant. “But at one time, Chairman Lee was the owner of our haengrangchae.”
This time, Lee Hak-jae’s eyebrows rose.
The owner of the haengnangchae… !
Isn’t the Haengrangchae a room for servants built along the gate and wall?
He is comparing himself to a servant.
“It was a great time… . Isn’t it a time when Sunyang showed off her splendid appearance after meeting the right owner? “Compared to back then, it’s only half as good now, so I don’t feel at peace.”
This means that Jinyoung-ki is not a proper owner.
The two know well that they cannot just exchange sharp conversations with each other. As if they had made a promise, the two raised their tea cups to blow away the awkward air.
“There’s no way we wouldn’t know each other’s stock information since we were all part of the same family, so how should we organize it?”
Jinyoung-gi, who had already put down his teacup, spoke softly.
“You know very well, Vice Chairman, but I don’t know. I’m pure… . No, I heard that the share structure changed a lot after I left Haengrangchae, but I can’t say anything without knowing the details.”
“Well, all we have to do is open each other’s shareholder list, and we’re talking about the exchange ratio.”
Lee Hak-jae glared at Vice President Jin Young-ki and smiled slightly.
“You want complete separation. “Then isn’t there one more person who should be here?”
“also? who?”
“I mean Jin Do-jun. Sunyang Construction and Heavy Industries hold some shares of Sunyang Financial affiliate. “If Sunyang and HW are to draw a clear line, shouldn’t Dojun come too?”
Since the three are holding each other’s tail, the connection will not be severed unless all three are cut at once.
“That’s right, the relationship between HW and Dojun is a matter for the two of them to take care of themselves. I’m thinking of settling things with Chairman Lee and separately with Dojun… ?”
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“That’s not possible. “If Dojun and Vice President do not clearly cut the line, there will be no complete separation in the end.”
“So what you’re saying is that Chairman Lee wants a clear separation. “I guess this means splitting Sunyang into three?”
Hakjae Lee didn’t miss the small smile on Jinyoungki’s lips.
“If you don’t like it, you have no choice but to continue maintaining this awkward relationship. “I have no intention of liquidating my stake unless there is a clear separation.”
“I want this… . I have no choice but to have a three-way meeting. Okay. “Let’s make a place again.”
“Before that, know one thing. I do not organize all stocks based on their trading prices. We will deal on terms that are helpful to our HW. As you said, I don’t need that much money because I have a reliable sponsor.”
Chairman Lee Hak-jae stood up after tackling a very difficult homework.
* * *
While the two were negotiating the separation of affiliates, I went around exploring the possibility of uniting as one.
“Director Jin. The reason we hold stocks of Sunyang Electronics or Sunyang Corporation is because they consistently generate profits and are safe. “We are using our customers’ money, but we cannot throw away profits and safety.”
“Mr. President. Customers who entrust their money don’t care about such things. All you have to do is make a profit. “Don’t you know that banks don’t care where they invest?”
“But selling it on the market is more risky. When that much volume pours in, the stock price falls. “There will be immediate losses.”
The bank president, who holds more than 5% of Electronics and C&T stocks, only looked embarrassed.
Since stock prices are high, there are many places that secure stocks as if they were saving money. Since they are not easily thrown into the market, the amount traded in the market is less than 20% of the total.
“There is an investment company that wants to buy those stocks. “They will buy everything they throw at it, so the stock price will go up.”
“Is that investment company Miracle?”
“One of them is Miracle… .”
The bank president glared at me for a moment and then slowly opened his mouth.
“Director Jin. I know very well how big a role you play in our financial sector. I would like to listen to anything the director asks me to do right now. But please consider Sunyang Electronics as our long-time partner. No, all four major banks in the market are partners. You are dealing like Anbangma. “We support the stock price, and Electronics and C&T support us with huge fees and interest.”
The bank president took another short breath and continued speaking.
“Isn’t it a known fact that Miracle is targeting Sunyang? The manager is also helping, right? However, it is difficult to accept that foreign capital takes over the symbols of Korea. sorry.”
It sounds plausible, but I am afraid of the retaliation of betrayal. Because he considers his eldest son, Vice Chairman Jinyoung-gi, to be Sunyang, he regards him as his lord.
What Chairman Lee Hak-jae said also came out of my mouth.
count! It’s really strong.
It was called the Shunyang Republic, but it was the Shunyang Kingdom. The principle of primogeniture succession is deeply rooted. I almost feel resentful of my grandfather for taking over Korea to this extent.
Other places were not much different. There were some places that offered to sell them at a premium, but the shares in those places were no more than putting a grain of sand on the scale.
Of course, you have to scrape everything off.
I changed my mind. Separation of branches must be done very carefully.
* * *
“Vice President Jin Young-ki wants complete independence. “I must be very scared of you.”
“There’s one thing we missed.”
“Missed something?”
“yes. “Some people get scared and run away, but we also burn the bridge so that they can never cross it.”
Chairman Hakjae Lee opened his eyes wide.
“Is it that much?”
“yes. Once the separation of affiliates is completed this time, there is no doubt that a perfect governance structure has been created. “It is an ironclad fortress that will never be shaken.”
“no wonder… . “They really liked the idea of separation.”
“Let’s put it on and keep going. That way, there will be a gap, and one day, that gap will become bigger.”
“Do you make mistakes while trying to fill in the gaps?”
“yes. “Being nervous even clouds your judgment.”
Chairman Hakjae Lee said after thinking deeply.
“What about institutions? Are you stubborn?”
“yes. It exceeds my expectations. There is only one way to get them in line behind me.”
“Isn’t this when Vice Chairman Jin Young-ki looks weak?”
“That’s right. In the end, it all comes together. All you have to do is attack and attack again to create awareness that Vice Chairman Jin Young-ki may fall. Then this fight will end once and for all.”
“It ends all at once, like a lightning strike.”
This is something I heard a lot.
“My grandfather used to say it like that. “No matter how difficult or difficult it may seem, everything will be sorted out in an instant.”
When I spoke with determination, Chairman Hakjae Lee patted me on the back and laughed.
“For now, let’s celebrate half of the success. “You worked hard.”
* * *
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