– I think I came well prepared.
– Rather than that, it seems like you’re poking around here and there?
– Looking at the number of daily users, it seems that there is no interest at all.
– 50 billion is definitely too much, right?
– Our main business is education business. As long as the I Love School business name can be used in marketing, I don’t think there is a need to call it unreasonable.
– Yes, that’s right. The more a site is operated, the more it incurs losses. It’s right to deal with it quickly. First, let’s ask them how much they want.
Youngho Han opened his mouth, recalling the quick conversation he had with executives.
“Robert. “How much do you want from that?”
“I’m thinking about 2 billion.”
Youngho Han unconsciously grabbed the documents in front of his desk with his hand.
The deficit incurred last year due to I Love School was 5.8 billion won.
They’re trying to swallow that up for 2 billion!
“There are 10 minutes left. “Robert.”
Even though that guy, Charles, had been saying things that were getting on my nerves, I couldn’t get angry because it was an official situation.
‘I’m going crazy because I’m so annoyed. ‘He’s going to die very soon.’
Youngho Han looked at the executives with his mouth pursed.
They also seemed very shaken, but none of them shook their heads.
Well, it was worth it.
Although it is large, if it was handled now, it could have resulted in a surplus in sales this year.
If you make a profit for three consecutive years, listing on the KOSDAQ becomes possible, and the value of your stock options becomes enormous.
Seeing Han Young-ho’s face turning red, possibly due to stress, Robert also continued to wait with his arms crossed.
Since we were in a position to sell a division that was suffering severe losses, the other party had no choice but to be B.
An absurd proposal to pay 2 billion for a business whose value had once soared to 50 billion.
So it was completely understandable that I couldn’t reject it right away.
According to a report written by Kyung-Jeon Lee, it was predicted that if ILS Communication were to withdraw from the site operation business, it would be possible to immediately turn into a surplus.
‘If it were me, I would sell it for 2 billion. ‘Because it’s not the size of a business that matters, but cash flow and profitability.’
2 billion was the amount suggested in Lee Kyung-jeon’s report, and Kim Cheol-soo was also hoping to be acquired for this amount.
Youngho Han, who had been lost in thought for a while, opened his mouth.
“There are conditions.”
“Please tell me.”
“I will sell it for that price if you let me use the I Love School name for marketing.”
Robert smiled faintly.
When they saw Kim Cheol-soo and Song Jin-young, they both nodded lightly.
This condition was also already presented in Lee Gyeong-jeon’s report.
Robert opened his mouth.
“We can accept it on the condition that we do not suffer any damage to our image due to the marketing use. Additionally, the marketing utilization contract will be renewed every two years.”
Youngho Han laughed helplessly at the words that came out so naturally.
‘no way···. Was this all predicted? Even the proposals coming from here…?’
Youngho Han looked at the executives again, and they all nodded with sad expressions.
In capitalism, the person with the money is the boss.
“··· All right.”
Who will take over?
Lee Kyung-jeon and Park Dong-gyu, who heard the news that they had signed a provisional contract with ILS, were happy as they each clenched their fists.
“I can’t believe they actually acquired it for 2 billion.”
“If you accurately analyze what strategy the company is pursuing in the mid- to long-term, you can make significant profits.”
“Where do you get that information?”
“Aren’t they all connections?”
“ah…..”
“There are quite a few successful people in my family, so I am receiving help.”
“Wow! IM jealous.”
Park Dong-gyu looked truly envious.
Among the team members, the hardest-working person was definitely Park Dong-gyu.
I voluntarily worked overtime even on weekends, and there were almost no mistakes in my work.
She wasn’t a mean bitch like Song Jin-young; she was kind, sincere, passionate, and good at her work.
Although I haven’t discovered his special weapon yet, I liked him.
‘The person I will go with from now on.’
Kyung-jeon Lee said while looking at Park Dong-gyu.
“There is a community that meets offline about once a month. Dong-gyu, do you want to attend too?”
Lee Gyeong-jeon opened his eyes wide and nodded.
“If given the opportunity, I should attend wherever I am!”
“There was a reason why I worked for a good company. Great.”
As Park Dong-gyu praised him, Lee Gyeong-jeon felt better.
Then he picked up the stack of documents on the desk.
Next is a meeting with Solbon, who owns Freechal, at 5 p.m.
There was a company called Saerom Technology, created by a group of graduates from the Department of Computer Science at the Korea Advanced Institute of Science and Technology.
It joined the dot-com bubble in the late 1990s and at one time was a company with a market capitalization of over 5 trillion won on the KOSDAQ.
However, after the dot-com bubble burst and lawsuits were filed due to management corruption, the company gained a strong negative image.
– Knock knock.
——————
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Kyungjeon Lee raised his head at the sound of someone tapping on the partition.
“Assistant manager Lee Kyung-jeon?”
It was Deputy Director Pyo Il-soo who was organizing the team up front.
“yes! Deputy Director Pyo!”
“huh. That’s right. “Team leader Kim?”
“I’m out of town right now for work.”
Pyo Il-soo glanced at the corporate operations team.
Except for Park Dong-gyu and Lee Kyung-jeon, everyone seemed to be absent.
“What’s going on?”
When Lee Gyeong-jeon asked, Pyo Il-soo answered while playing with his earlobe.
“no.”
Pyo Il-soo answered like that and tried to go back to his place, but then turned around again.
After finishing the meeting, I went into the bathroom and came out, because I overheard female employees exchanging unusual stories.
“Would you like to have a cup of coffee for a moment?”
“All right.”
“Donggyu, do you want to come out too?”
“yes. “Team leader Pyo.”
**
“yes?”
Park Dong-gyu made an expression that made no sense.
“Does that make sense?”
“You don’t know what’s between a man and a woman. She never knows when she’ll catch fire. You know this saying? The saying goes that a well-behaved cat goes up to the stove first. “Even if they appear calm and polite on the outside, they can act differently in reality.”
Lee Gyeong-jeon unknowingly avoided Pyo Il-soo’s gaze.
I told Park Moo-young that something was suspicious, but I never imagined that it would spread into a rumor that Kim Cheol-soo was cheating.
However, anyone could see that he had a handsome face, broad shoulders, a model-like body, and he could sing well enough to be considered a singer. He was talented and had a good personality, so I wondered if there would be a woman who wouldn’t like him.
“no way! But Deputy Director Pyo, that’s not true. Don’t you know our team leader because you’ve seen him for a long time? “I am a person who can live without the law except when working.”
“I think the rumor was almost like a fait accompli among the female employees.”
“under! Nonsense! Who on earth makes such a rumor? No matter how pretty Song Jin-young is, there is no comparison to her!”
“When a woman becomes pregnant. “It will change your mind…”
“Absolutely not! “Absolutely!”
When the excited Park Dong-gyu raised his voice, people who were smoking in Sky Park looked up.
“Dong-gyu. “Let’s be quiet.”
Park Dong-gyu staunchly denied the claim.
“no! So, there is absolutely no way Jinyoung would do that.”
Pyo Il-soo quietly listened to what Park Dong-gyu said and then tilted his head.
It felt strange to hear that Jinyoung couldn’t do that.
“So, you’re saying it’s impossible for Jinyoung, not Cheolsu, to do that?”
“yes.”
“How can you be sure of that?”
“That… So…”
Park Dong-gyu stumbled while trying to say something, and Pyo Il-soo made a strange expression.
‘Look at this?’
“Jinyoung, you’re not in a situation where you can worry about things like dating right now.”
“okay? “How do you know?”
“Ah, so… I know because I’m helping you out.”
Pyo Il-su smiled and took a deep breath of his cigarette.
It was very difficult to find a woman in Sales Division 3.
Because, except for the older Deputy Director Shin Kyeong-mi and employee Jang Yu-mi, who enjoys a romance with a second-generation chaebol, there were no women at all.
Lee Gyeong-jeon also felt a strange feeling.
But it felt kind of strange.
Just looking at Park Dong-gyu’s face made me feel uncomfortable and annoyed.
‘what?’
When Park Dong-gyu saw the strangely changing expressions of Pyo Il-soo and Lee Gyeong-jeon, he shook his head loudly and said,
“And above all, there is no way the team leader would do that. He participated in the interview process together, and there was no particular preference for anyone. He didn’t show any such emotions during the meeting either. Could it be that someone is framing you?”
Kim Cheol-soo had already established himself firmly within the general trading company.
Even if it was Park Jun-hyung in the past, I never thought that someone would attack Kim Cheol-soo.
“okay? It’s a conspiracy. What kind of storm is about to hit this quiet company? Anyway, you guys think this doesn’t make sense, right? “This assistant manager?”
Kyungjeon Lee barely nodded his head at Pyo Ilsu’s words.
It seemed like what he said had some effect.
It was clear that Kim Cheol-soo would soon find out, and that something would be done.
‘If there really is no relationship…..’
“I get it.”
“I need to talk about this with the team leader, right?”
“I guess so, right?”
Pyo Il-soo answered indifferently and looked at Gyeong-jeon Lee out of the corner of his eye while sucking on a cigarette.
From the moment the story came out, he suddenly became less talkative and avoided looking at me, something was not clear.
**
“Wow! hurray!”
Song Jin-young, who came out after completing the provisional contract, stretched out with a happy expression and shouted.
When the acquisition of I Love School first came out, the market valuation was around 10 billion won.
However, after hearing the information that the company that owns I Love School was not interested in running the site and was focusing all of its capabilities on the education business, it was evaluated at 2 billion won.
The report was prepared by Assistant Manager Kyung-Jeon Lee.
‘It looks like a saenim, so it’s pretty cool.’
Song Jin-young actually didn’t dislike Lee Kyung-jeon.
Even though he was hostile toward me, he was the one who showed me the movie.
“good job. “Everyone did a good job and we got good results.”
As soon as he left the ILS communication company, Kim Cheol-soo applauded and praised Song Jin-young, who was shouting hurray.
“Really, I thought the negotiations were over earlier. “Your acting skills are truly amazing.”
Robert answered with a smile, and Jinyoung Song nodded along.
“I agree.”
“It is an essential skill to have as a businessman. Of course, we are slightly outside the typical business of a boss.”
Kim Cheol-soo looked at his watch and continued speaking.
“You have about two hours to spare. “Let’s move on and sort it out at a nearby cafe.”
The three got into the car, and Song Jinyoung drove.
“Will Solbon do the same thing this time?”
Cheolsu Kim shook his head at Robert’s words.
“Solbon is an investment company. “If you don’t give me a reasonable price, I won’t respond.”
As Serome Technology, which had been enjoying success in Internet telephony, began to see operating losses increase due to excessive competition starting in 2003, Serome Venture Investment, a subsidiary, aggressively purchased shares for a month, gobbling up the parent company.
And after kicking out all the early founding members, he took over Freechal, which had gone bankrupt due to the community being paid for.
Solbon’s management, comprised of only investment experts, did not have the ability to normalize Freechal, and the deficit was only growing.
However, because it was once the No. 1 company on the KOSDAQ with a market capitalization of 5 trillion won, its cash reserves were enormous, and it was able to withstand the deficit for several more years.
“It will probably take some time. “Unlike ILS communication, you have to be patient.”
Kim Cheol-soo answered like that and turned his attention to the analysis report.
For Kim Cheol-soo, who was not very bright in the IT field, the reports produced by Lee Kyung-jeon were like an oasis in the desert.
Freechal’s massive deficit was a problem, but the creditors’ growing lack of confidence in Solbon’s president was also an inherent problem.
A lot of money was invested to acquire Serome Technology, but for two years, the management was unable to show any results and was wasting capital.
If the price was just right, executives were definitely likely to sell Freechal.
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