[133]The last struggle of the end of the century 1
Oh Se-hyeon quickly shook his head. He has already confirmed the cost of purchasing the land and building the store. To calculate the rate of return, he must leave it in the hands of the construction company’s executives and employees.
“How difficult would it be to take charge? Even if I bow my head and thank you, it is not enough. But I don’t think they’ll just give it to me.”
Oh Se-hyeon looked sharply at his aunt’s face. After seeing his unassuming expression, his posture gradually changed.
It seems like they are trying to show who has the upper hand here.
“I’m telling you in case you don’t know, the cost is generous. This is the amount set before the separation of the series… . “It’s a kind of work dumping and internal transaction.”
“So it’s even more suspicious? Why this good thing… ?”
He pretends not to know and keeps asking questions. This is because the words you want to hear from your aunt’s mouth must come out.
“Please give me some breathing room. We need to escape from financial pressure, but that is the only way. “Please do me a favor.”
“Let’s do it externally, that’s what you’re saying.”
In the end, you have to listen to the request until the end.
“I will pay including interest from the date of business commencement. By division… .”
She spoke in a voice full of charm that could not be considered an aunt.
“Isn’t the contract already over? Sunyang Construction Department?”
“I can handle that. I plan to protest against the fact that they shackled me with money and tied me up with a contract. Moreover, it is a contract for internal transactions, so there is no problem.”
If it were me, I would never start a new business.
The timing is perfect. By the time large supermarkets have established themselves and are barely making a profit, another crisis arises.
Now that the economy is showing some signs of recovery, a rosy future is pictured in my aunt’s head. I’m the only one who knows how many years from now.
“Anyway, there is only one deciding factor. Since it is a credit transaction, how much collateral do I need to receive? Isn’t it?”
My aunt’s face doesn’t look good.
“Wow, I believed in a trusting relationship with CEO Oh… “It’s a bit embarrassing to say it’s collateral.”
“If you borrow money from a friend and a bank at the same time, you usually repay the bank first. That’s what trust is. Opening the possibility to my advantage. If things go against me, I get angry and feel betrayed. Trust? “It’s easy to break down in front of money.”
In front of the resolute Oh Se-hyeon, the aunt was speechless.
“uncle. Let’s start work quickly, right? “How about reviewing this document?”
At my glance, Oh Se-hyeon took the documents.
“We will try to find an appropriate line so that we don’t offend each other. then… .”
The rest was left to me.
As soon as Oh Se-hyeon left the hotel room, his aunt threw a tantrum.
“What on earth is that guy? “They say I’m pushing them, but they come out with that kind of attitude!”
“Because I know what my aunt’s weakness is.”
“what?”
“He is a person who understands the company’s circumstances just by looking at the accounting books. My aunt realized that her grandfather’s entire share of the department store would be taken away from her before she could receive it. “There is nothing to be sorry about, so it comes out stiff like that.”
My aunt held the sofa handle tightly.
“Are you that desperate?”
“Executives in charge of department stores or distribution funds will know. “It’s just that it’s difficult to be honest.”
“Damn you old man… .”
It was annoying to curse at my grandfather, but I understand. He gave me a fortune to become independent, but when I opened the package, I found out that I was in debt.
“aunt. “Don’t you know yet?”
“what?”
He spoke calmly, as if soothing a nervous aunt.
“This is grandpa’s test. If you get through this safely, the department store group will be in your aunt’s hands that day. The essence of your aunt’s business is distribution, so isn’t it sensitive to the economy and capital circulation? “They must be testing it.”
My quick-witted aunt understood exactly what I meant.
After thinking about it for a while, he asked my opinion. I wanted to confirm my aunt’s greed.
“If it were me, I would postpone my plans for a large supermarket… .”
“I told you before. That’s not allowed.”
“Then we need to start drastic organizing.”
“organize?”
“yes. We are disposing of several golf courses and liquidating low-profit condominiums. “Department stores and hotels are symbols, so let’s leave them as is.”
Seeing that he was frowning while I was talking, it seemed like he had no intention of organizing things at all.
Well, it’s natural to be reluctant to do it, because if your household expenses are diminished, you’ll lose your appearance.
“We cannot liquidate assets for the time being. “That too will be seen as a lack of ability.”
no. It is very common sense and normal management.
When cash is tight, the priority is to sell something to raise funds. This is something that my grandfather would also highly appreciate.
“Your aunt thinks the only solution is to get money from Miracle.”
“That’s the simplest. Simple is best. know?”
I don’t know if it’s right to drag her into this situation, but my aunt’s thoughts haven’t changed.
“Dojun. Please speak kindly to CEO Oh. If I do well, you will do well too. “Aren’t we partners in the same boat?”
I have confirmed my aunt’s greed, and now it is time to confirm my faith. Thankfully, they even mentioned it first.
“aunt. Please be honest. Is my last appointment still valid? “Does that mean you’re on the same boat?”
The embarrassed aunt cannot easily answer. She knew it would be like this.
“are you okay. I understand.”
When I smiled and nodded my head, my aunt became even more embarrassed.
“understanding? “What do you understand?”
“My aunt will separate and become the actual owner within this year at the latest, but I am uncertain. There is no guarantee that I will get a job in finance. In other words, my aunt’s money is cash, and I’m a bill of exchange.”
“Yeah, right? Oh, don’t get me wrong. It’s not that I don’t like it. As you said, when our inheritance is completed cleanly, of course we will join hands. “It’s just that nothing has been confirmed yet, so it’s a bit hard to give a definite answer.”
I fully understood my aunt’s feelings. She truly had no intention of joining hands with me anyway. I guess all he wanted to do was take advantage of me.
All I have to do is complain about this woman’s greed. Because she is not a woman who will be satisfied with just working at a department store.
“But aunt, think carefully.”
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“what?”
“If I had Sunyang’s financial affiliation, my mind might change. Even Sunyang Life is worth more than everything my aunt has. “At that time, my hand may turn to my uncle.”
My aunt was taken aback by my unexpected words, but she ignored them and stood up.
“Anyway, I’ll ask CEO Oh. “This is a separate issue.”
* * *
The outline came out only a month after receiving my aunt’s suggestion.
It was just a bundle of information that accountants gathered to review the debt and fund flow of Sunyang Distribution Group.
“The construction of the large supermarket is still being analyzed by HW Construction. There were people crying that we couldn’t do it because we didn’t have enough money, let alone the necessary funds. “Because we need to pour all our resources into DMC.”
“Let’s look into subcontracting companies. It makes no sense to say that in a recession like today, we can’t do it because we don’t have enough workers. “How much money does your aunt need?”
Oh Se-hyun shook his head.
“We need a blood transfusion worth 400 billion won right now. Otherwise, I won’t be able to afford the interest. All the money that department stores and hotels make is going to be used as interest. “If we lose just one month’s sales, we’ll start delinquent payments, right?”
“Grandpa was a bit harsh.”
“There is nothing more to check. This is not an inheritance, but a debt inheritance. “I sent it to you with a lot of debt from affiliates.”
“But for me, it’s an opportunity.”
“why? Are you trying to swallow up the department store?”
“What you can’t buy with money is the controlling stake in Sunyang Group. “Isn’t it a stock that they only trade within their own walls?”
“If you don’t obsess about pure quality, you can use that money to find a better company…” . no. Let’s quit. “In the first place, dreams are not something that can be calculated with rational thinking.”
“It’s irrational now, but once I sit down as the head of Sunyang Group, everything will become rational. “That position is not a symbol of money, but a symbol of all power.”
Bill Gates is monitored by state power agencies, but Chairman Jin Yang-cheol keeps state power agencies in line. My grandfather’s position is more suitable to satisfy his desires.
“What do you want to do with that power?”
“I’m going to think about it after I get my hands on it. “First of all, let’s support 400 billion won.”
The 1.6 trillion won that I exchanged for 1 billion dollars to my grandfather remains intact. No matter how difficult the department store group is, the only thing that sustains it is money, which is no problem at all.
“The collateral must be stocks, right?”
“Yes. You must receive shares of Sunyang Distribution, the parent company. I’d have to calculate the stock value first, but my aunt would have a headache. “Hehe.”
As joyous laughter erupted, there was a knock on the door.
“CEO. “Are guests here?”
Oh Se-hyeon’s eyes widened when he saw the business card his secretary gave him.
“uh? This friend… ? “I ask you to come in.”
As I was about to get up to make room, Oh Se-hyeon gestured.
“are you okay. Just stay here. “Because he’s someone I can say hello to.”
The man who opened the door bowed his head towards Oh Se-hyeon.
“Seniors. Long time no see.”
“Hey… Who is this? Lee Sang-soo! What’s going on here with a successful venture businessman these days… .”
For a successful venture businessman in his early 40s, he looked shabby.
The collar of his shirt and the ends of his sleeves were black with dirt, his hair was matted, and even his beard was rough. He looks like a fugitive.
Oh Se-hyeon, who was shaking hands, also noticed something strange.
“But why are you like this? “Is business not going well?”
“no. I’m so busy these days… . I forgot to change my clothes. sorry.”
“no. It’s good if you’re busy. I’m busy because it’s doing so well… .”
Lee Sang-soo’s eyes turned to me.
“Oh, hello. This is my friend who works with me. Would you say he is a very talented person? haha.”
Lee Sang-soo held out his hand first.
“This is Jin Do-jun.”
His eyes changed.
“Maybe Sunyang Group… ?”
“Ah yes.”
How did they know? Seeing that Oh Se-hyun also looked a little surprised, I don’t think he ever mentioned me.
“okay. I heard you’re still a college student… .”
“This guy is a really good student. You spend more time hitting me here than at school. haha.”
Oh Se-hyun said with a smile, but his expression did not relax at all.
“I also heard a lot of rumors. “An outstanding talent has emerged from Sunyang Group.”
“Are there rumors going around?”
Both Oh Se-hyun and I were surprised. But if you think about it a little, it’s even more strange that rumors don’t spread since I’ve already been at the forefront a few times.
“yes. There is even a rumor going around secretly that the actual owner of Miracle Investment is Sunyang Group and that it is managed by his grandson, Jin Do-jun.”
This is because of the acquisition of Sunyang Motors. There is no one in this world who does not know that my grandfather is not a person who will hand over a heavy affiliate company easily.
“It’s a rumor. There’s nothing wrong with me spreading such rumors, but… .”
Lee Sang-soo nodded and took out a business card.
“New data technology. CEO Lee Sang-soo.”
Ah, it’s him.
Along with Gold Bank, he is living proof of the reality of Korean venture business. No, a person who will become living proof of the future.
While Gold Bank, which was highlighted as a leading venture company in the late 1990s with the idea of ‘giving cash for watching advertisements,’ created the first venture wave on the KOSDAQ in October last year, New Data is the company that created the strongest typhoon.
Gold Bank’s current face value of 500 won has soared to over 10,000 won. Don’t ask questions, you are the person responsible for investing. Gold Bank, which has made a lot of money due to the rise in stock prices, is now wandering around saying it will take over credit unions and professional basketball teams. I’ll probably end up in trouble next year anyway.
Lee Sang-soo is the CEO of a company that is more anticipated than Gold Bank.
Why did he appear with such a shabby appearance?
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