[130]One Piece of Pie 1
“Has your uncle gone?”
“yes.”
When I went up to the study on the second floor, the two were in the midst of discussing the DMC map and company list.
“Did you get a good outline?”
“There is no problem because all government agencies and organizations such as Konjin, Korea Communications Commission, and Korea Communications Commission are moving in. “What remains is for film companies and independent production companies to move into Chungmuro.”
Looking at my father’s expression, it seemed that the outlook was not bleak.
“I’m not worried about Chungmuro because there are many companies that will follow me. “The real problem is the broadcasters.”
“Isn’t public broadcasting a matter of government policy anyway? Since the individual studio relocation has been announced, I think it will be okay, right?”
“The government changes every five years. “I can’t guarantee anything until the new building is built.”
I understand your concerns, but I can’t tell you to stop worrying. As the number of cable channels increases and comprehensive programming channels become available, platforms will overflow, so I am the only one who is relaxed.
“You don’t have to be too hasty. Since this is a place that will take several years to complete, media companies will also come in slowly over the next few years. Rather, my father. Have you considered acquiring DCN?”
“There are no problems with film supply, so there are no difficulties in operating. But the profit is still… .”
“As I said, don’t think about profit for the time being. We already have enough funds. “Just think of sowing strong seeds.”
My father still looked anxious, but Oh Se-hyun was different.
He knows very well how much money he has accumulated in the United States and in Korea.
“hey. Take when you give. “No matter how much money a cable broadcasting company spends, it will be a few bowls less water from the Han River.”
one? you’re welcome.
I need to go a little harder. The goal is to lay a foundation for recruiting talented people from the beginning.
“We change from a few bowls to a few basins. Movies, dramas, games, and entertainment channels. “Let’s start like this.”
“what? “Four?”
“If you’re a father, wouldn’t there be no problem in supplying movie content? Also, take this opportunity to produce a drama or entertainment program. Producing half of it yourself and rebroadcasting half of it over the air is enough.”
If you push your father, who is hesitant due to anxiety, to the cliff, he will have no choice but to push forward. I have to raise all of my father’s sleeping potential.
“You must be busy building an Asian film distribution network, running a film company, and even running a cable network.”
Oh Se-hyun, who understood what I meant, did not forget to lend his support.
“I’ll also look for some of the talented people at the bottom. “Let’s create a proper media company this time.”
The two of us burst into laughter as we looked at my father’s face, which showed the conflicting emotions of excitement and anxiety, like a test taker about to take an exam.
* * *
1999 was a year that clearly revealed the emotions of the end of the century, a mixture of Nostradamus’ eschatology and hopes for the new millennium.
Our family was no different.
The attitude of the family gathered on New Year’s Day was somehow awkward.
“happy new year.”
“take care of yourself.”
Everyone gathers and greets each other, but no one is visible.
Even ignorant people did not mention the names of the two invisible people.
Jin Young-jun’s exile has not yet been lifted, and the only son-in-law of this house has not yet come because he is not mentally ready.
The eldest mothers’ eyes were filled with sesame salt as they looked at their sister-in-law, their aunt, and the eldest fathers looked wary.
Rumors began to circulate within the group that Chairman Jin would impose a heavy price on his daughter for divorce, and specific circumstances were also revealed that he had already begun the process of separating the affiliates.
If what my younger sister took was nothing more than a coma, I would have laughed, but since it was like pulling out a pillar, the expressions on my brothers’ faces would not have been good.
As it was chilly even at the table where we were eating rice cake soup, my grandfather put down his spoon without even taking a few drinks.
“Once you’ve had your fill, you guys can come to the study. “If we eat like this, we’ll all get congested.”
When Chairman Jin stood up, his children also stood up.
This, a bomb is definitely going to drop today.
# # #
Chairman Jin opened his mouth as he looked around at each of his children gathered in the study.
“I plan to make an important announcement today. Listen to everyone carefully and do not complain even if you are dissatisfied. “This is a conclusion I came to after careful consideration.”
Jin Seo-yoon tried not to show her nervous expression to her brothers, but she had no choice but to keep swallowing dry saliva.
It’s finally the day to pack a bundle. I prayed and prayed that the bundle contained Sunyang Yutong.
“First, Yoongi.”
“yes.”
When Jin Yoongi’s name came up first, everyone started rolling their eyes in surprise. She is wary of breaking expectations and letting her youngest child get the lion’s share.
“As you probably already know, starting this year, you are officially the Chairman of the Board of Directors of Sunyang Medical Center and the Director of Sunyang Human Resources Development Center. The legal procedures have already been completed. “As soon as the press release is made, take office immediately.”
I was relieved that everyone knew this, but I couldn’t completely relax. No more words should appear in the following words.
“The medical center is profitable enough to support your family. “As long as you don’t do anything stupid, there won’t be any problems in the future.”
Everyone’s eyes softened. This is a declaration that the hospital is everything.
“The Human Resources Development Institute will be provided with sufficient money from each affiliate, so make sure it is run well. Don’t even think about making money there. “Run just enough to avoid running into a deficit.”
Jin Yoongi just nodded his head with a grave expression. There was no empty space in her mind for a hospital or training center. Even thinking about the homework his son gave him, which is a huge media company, rather than the gift his father gave him, makes his head explode.
“I will ask you one last question. I have no intention of leaving any more to you… . How do you feel? Are you satisfied?”
Everyone started looking at Jin Yoongi’s mouth.
“If I tell you it’s not enough, will you give me more?”
Everyone was surprised by the bold question, but only Chairman Jin snorted.
“no. “There is no choice.”
“Then you shouldn’t ask me if I’m satisfied.”
Chairman Jin chuckled as he looked at his youngest son. It was even surprising when he became so confident.
“Seeing as you’re not whining, I guess I’m not going to be greedy even if I’m dissatisfied. done. Even if it wasn’t for me, wouldn’t you be doing whatever you want thanks to having a great son? Of these, you are the best.”
As the youngest Jin Yoongi’s share was clearly determined, tension arose again. Whose turn is it this time?
“We plan to completely separate department stores, hotels, condos, and golf courses by grouping them into Sunyang Distribution. “The controlling interest cycle is broken and the value difference that arises when exchanging shares is completely resolved by converting it into bonds.”
Jin Seo-yoon had to refrain from wanting to shout “Hurrah.” She heard clearly. Sunyang Distribution becomes the parent company.
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And then his name came out.
“This is yours, Seoyoon.”
“father. thank you.”
When Jin Seo-yoon slightly lowered her head, Chairman Jin waved his hand.
“It may not be something to be thankful for.”
“yes?”
“I owed a lot in the process of tying it to distribution. You need to make money quickly and repay Sunyang Group. “Since we have separated the business, there is no need to look after it.”
Isn’t debt the fate of a company? Jin Seo-yoon didn’t even care how much debt she had. No matter how much it is, will it not be able to cover the interest?
“Younggi, it’s motivation.”
“yes. father.”
The two sons’ answers were powerless.
This is because one of the pillars of the family has just fallen out.
“Be sure to cover the principal and interest. If you treat her as her younger sister and do favors for her because the executives you bump into her face ask for, you won’t get paid. It’s your fault if you don’t get the money you deserve. “Keep this in mind.”
Jin Seo-yoon’s lips pouted.
A grumpy old man.
Stitch your nose with something until the end. Besides, your brothers are your creditors?
It is obvious that they will be caught worse than private loan sharks. Aren’t these people who will make a fuss about giving up stocks instead of cash if interest rates are pushed back even a little?
“Hakjae.”
When Chairman Jin gave a gentle gesture, Hakjae Lee handed over several documents.
“This is the status of bonds of each affiliate. As of 1998. “We have organized the interest that needs to be repaid at the end of this month by affiliate.”
Jin Seo-yoon’s mouth dropped open when she saw the number in the document. Chairman Jin, who saw his daughter’s surprised appearance, chuckled and said.
“If you don’t pay the money back quickly, your brothers might put a red ticket on the department store and hotel and take it away from you. “Be good at business so that debt collectors don’t even come close to you.”
Chairman Jin ignored Jin Seo-yoon, who was staring at the documents without even raising her head, and turned his attention to his second son.
“It’s motivation.”
“yes.”
“You are vice president starting this year.”
I wasn’t thrilled or grateful. I know this when I look at my older brother, Vice Chairman Jinyoung-gi Jin. The only title is Vice President.
“You can take charge of affiliates in the heavy industry, construction, and chemical fields and do whatever you want. “I’ve been able to manage it so far, so it shouldn’t be difficult.”
I knew it! It’s loud but has no substance. Vibrator gritted his teeth to keep from complaining.
“yes. thank you President.”
Chairman Jin read the inner thoughts in his second son’s expression and chuckled. He wanted to tell me that it was too early to be disappointed, but that was the last step.
“And reiki.”
“yes.”
Vice Chairman Jinyoung-ki responded indifferently, without any expectations.
“Young-gi, you will be responsible for the electronics and commercial products division as you are now.”
If there are no expectations, there can be no disappointment. Jinyounggi just nodded his head without any special expression.
Chairman Jin looked at his two sons and slowly began to talk about the remaining decisions.
“Now the two of them will have to act as true vice presidents. From now on, the CEOs of affiliates will no longer have to see my face. “No matter what, proceed with your full resolution.”
Even though all authority has been handed over, both the eldest son and second son do not have a bright expression on their faces.
Even if he says it’s great, Vice Chairman Jin Young-ki’s only interests are the affiliates he was ‘nominally’ responsible for anyway. It was a generous gesture that would give more power to the decision-making power.
Even if they added a few more things, they would barely be able to maintain the status quo!
The second son, President Jin Jin-gi, only grew more impatient.
Heavy industry, construction, and chemicals combined account for about 60% of the size of the electronics sector. If I hadn’t confirmed it, I would have expected more, but since I cut it like a radish, it seems like the opportunity to have more has disappeared.
Chairman Jin’s group succession plan only made his two sons more dissatisfied.
“I’m telling you this out of resentment. Don’t let the affiliate bosses come to me because they don’t trust you. If something like that happens, the affiliate will change to a professional management system. “Did you understand what I meant?”
It sounded like something that was given could be taken away at any time.
The two sons gritted their teeth at the cruelty of their father, who did not allow them to let down their guard even for a moment.
On the other hand, Jin Sang-gi, the third child, was listening to the whole conversation with a red face.
There are many affiliates that have not yet come out of Chairman Jin’s mouth. That’s the financial part.
Sunyang Life Insurance, Sunyang Marine & Fire Insurance, Sunyang Securities, Sunyang Card, and even Sunyang Asset Management, which was launched last year.
It is the hidden mainstay of the Sunyang Group and is another main force that plays the role of a relief pitcher with its powerful financial power.
It is clear that he is in charge of this.
At this level, it is a ‘fair’ distribution with no difference compared to the older brothers.
“It’s a reminder.”
“yes.”
“You manage all non-profit corporations such as school corporations, welfare and culture foundations, and research institutes. Since I also own quite a bit of shares in affiliates, I have to take good care of them. By the way, the art museum was left behind. You should let your mother pursue her hobbies. “Imitating European aristocrats while looking at artwork.”
What kind of nonsense is this? This is tantamount to telling them to get out of group management altogether.
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