[176]Who will buy the bomb? 4
“Now, just a moment. Dojun. What did you just say? “Are you sure you said it was a three-year bond?”
Vice Chairman Jin Jin-gi’s face lit up. On the other hand, Vice Chairman Jin Young-ki was so embarrassed that he could not even speak properly.
“yes. Instead, the sale price will be 1.4 trillion won. Oh, by the way, it’s not an exact number, but I understand that bank debt is over 400 billion won. So, the debt will be a little over 900 billion won.”
“900 billion?”
I could vividly hear the sound of Vice President Vibrator’s head turning.
It’s not about calculating numbers. I already have no idea whether or not I will be able to repay the 900 billion won after 3 years.
The world moves so quickly that it is difficult to predict even a year from now. Moreover, how can we accurately estimate the company’s situation three years from now?
Right now, all he’s thinking about is calculating whether or not he can issue bonds worth close to 1 trillion.
On the other hand, Vice Chairman Jin Young-ki, who had lost the opportunity to win, was anxious to find something to say.
However, since they were family, I couldn’t say that I would accommodate them but no credit transactions were allowed, so I just kept looking out for my younger brother’s thoughts.
It’s funny to see the expressions of one person who is happy and another person who is worried.
It’s like they’re trying to figure out who each other wants to take away a time bomb with 3 years remaining.
Changes that come slowly are adaptable. If a few drops of light rain fall, you have time to avoid the rain before it becomes heavy, but if a sudden shower of rain falls, you have to take it in its entirety.
But danger always strikes suddenly and never alone. Risk involves two or more things moving together. Like a shower of rain accompanied by a strong wind. Like a tsunami accompanied by a typhoon.
If the credit card crisis three years from now is a shower of rain, the bonds worth around 1 trillion won that are due to mature could become a strong wind or a tsunami.
When bond collection becomes impossible and the company’s funds dry up due to the credit card crisis, a bond worth 1 trillion won is like being hit by a nuclear bomb.
I wonder who will take this bomb.
If Sunyang Electronics is well-financed, it can withstand strong winds and rain showers. But what about Sunyang Heavy Industries?
It may vary depending on the heavy industry market conditions three years from now, but it will not be easy to endure. To see the time bomb effect, it would be much better for Vice Chairman Jin Jin-gi to take over the credit card company… .
“Dojun! Are you sane? A 3-year bond? The moment the credit card company is sold, profits cease. “You may be under financial pressure right now.”
Vice Chairman Jinyoung-ki spoke hurriedly, but it was already too late.
“older brother. Stop talking nonsense. All of the affiliates that Dojun is in charge of are no different from banks that print currency. What is the financial pressure… !”
Vice Chairman Jin Jin-gi glared at my brother and then spoke to me. The goal is to receive a clear answer.
“Dojun. “Does valuing the credit card company at 1.4 trillion mean that it has completely taken away its shares in other affiliates?”
“That’s right. Except for three or four related subsidiaries, all stocks of core affiliates will be transferred. “If we include shares in Sunyang Life Insurance and Sunyang Securities, it is close to 3 trillion won.”
“good. And you are saying that you will receive all the proceeds from the sale as bonds with a three-year maturity, right?”
“Yes, uncle. “Because we are family.”
I sent a bright smile to my second uncle. He poured me a drink as if in response to my smile.
“okay. Let’s end with that for now. The details should be discussed by practitioners. And brother.”
“What?”
“Let’s not raise our voices in front of our nephew. After we finish eating, let’s talk separately. How is it?”
The vibrator’s earnest eyes, the last of his pride not to lose his temper in front of his nephew. It would be difficult for Vice Chairman Jin Young-ki to refuse this look.
He nodded his head and picked up his spoon.
“Let’s eat first. “And Dojun.”
“yes. “Uncle.”
Vice Chairman Jinyoung-ki Jin said with a benevolent expression, as if he had never done that before.
“Is the company heavy on your shoulders?”
“A little bit. Still, I’m glad it’s a field I know well. If it was manufacturing… . Ugh, how can I handle it? To the factory, to the workers, to the union… .”
I shook my head vigorously.
“You can tell by looking at CEO Oh Se-hyun. Ajin Group, Sunyang Motors, Daeah Engineering & Construction… . I was busy taking care of these companies. At least I’m able to hold on because the presidents and executives take care of the company like it’s their own. If it were me, I wouldn’t have been able to endure it. Would those executives accept me as a young person?”
The elders looked disappointed because they did not get the answer they wanted, but they did not give up hope. This is because he confirmed that he absolutely hates dealing with people.
A young guy who is not yet used to giving instructions or orders.
Because I don’t think I know the taste, my mentality will be shaken if the business situation gets worse, and I think I can somehow seize the opportunity at that time.
“okay. If anything difficult or difficult happens in the future, please tell us at any time. “I will actively help you.”
Pretending to think about the cat and mouse. Heinously… .
“yes. thank you.”
The bomb was put up for sale, and we even saw them fighting over whether to buy it, so the job was done.
Now all we have to do is compete and extract more than 1.4 trillion won… . If the sale price is raised too much, the eldest uncle has an advantage.
Since we’re a family, shouldn’t the competition be equal?
Should I take a lot of interest?
It was a lot of fun watching the invisible battle between the two people, but after eating the course meal and dessert, I had to get up.
“Then shall I wake up first? “Are you two going to talk more?”
“Oh yeah. Go first. Good work.”
I bowed to the two of them and left the hotel.
It’s a little disappointing.
I wanted to show more of an obsession with winning rather than management or control, and highlight the simple side of someone who hates complexity and likes making money.
If I had done that, I would have been able to dilute my vigilance just a little bit, but the thought that it might have been a bit lacking never leaves my head.
* * *
“what do you think about it?”
“what?”
“Dojun. “Was that guy serious today?”
“Don’t make it complicated. Whether that guy is hiding his true face or he’s just that bad, nothing changes. “I have to get everything Dojun owns, including his company and shares.”
Jinyoung-gi swallowed his drink and revealed his true feelings. She knows very well that her younger brother is no different from her anyway.
It’s fun. He lies to everyone about his true feelings, but since he is the strongest competitor, he has nothing to hide.
Vibrator began sipping his drink and looking straight into his brother’s eyes. And his true feelings were revealed.
“older brother. Is it really necessary to have a cruise card? “They say they don’t even have a stake in the group.”
“Child, you only look like that when you’re sad, right?”
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“older brother!”
“stop. “What would you do if you came now and imitated good brothers who looked out for each other’s circumstances and took care of each other?”
“so? Let’s hold an auction for a company? “You know that if we fight, Dojun will only get better, right?”
“What if we don’t fight? Are you okay with getting better? “If you don’t have the confidence to save money, give up now.”
“What on earth is the reason? Even though credit card companies say it’s good for cash transfers, the former is enough for you. And there are a lot of companies related to consumer goods, so there’s nothing to worry about, so why are you being greedy? Just f*ck me?”
“what? f*ck you? You bastard! I’m the one who got f*cked! I was already f*cked by my father. Damn it.”
Clang!
Jinyoung-gi threw his drink glass on the floor.
“Even before I was an adult, my father told me that my ears were pounding hard. Yeonggi, from now on you will be the captain of Sunyang. “I will give you everything, so you must create a more magnificent cruiser.”
Jinyoung-gi took a deep breath and clenched his fists.
“however… . She lived by believing that for decades… . I am almost 60 years old. What I received at this age is less than half. Do you know what I mean? Whatever you have, whatever your little nephew has, it’s all mine! This situation is so damn bad that I have to pay money to buy my own things! “Do you still think I’m screwing you over?”
Although Jinyoung-gi was furious, Jinjin-gi’s eyes calmed down.
I even felt a little sorry for it.
Is that what an eldest son is like? Is the eldest son the one who feels great pressure due to the expectations of his parents, but instead mistakenly believes that everything his parents have is his own?
“I know what you’re thinking. Then I need to change my mind too.”
“How do you change your mind?”
“For a very short period of time, each of us will grow and expand the affiliates we are responsible for, fill in each other’s shortcomings, and switch with each other if necessary… . You know, something like friendly competition. I thought about something like that… . It won’t work either. Let’s just fight for shares. “Until someone falls asleep and never gets up again.”
Vibrator stood up, throwing the napkin he used to wipe his mouth on the table.
“I will take the cruiser card. Your brother probably learned it from his father too, right? ‘Anyone can make a living with money. What is important is the will to have it. Then you’ll realize that money isn’t important.’ I’ve heard this so many times. And it was true.”
Jinyoung-gi gritted his teeth, staring intently at the empty chair where the vibrator had left.
“Dog -like cub… . “I pretended to be proud until the end.”
* * *
As I entered the Sunyang Group’s main building, Executive Director Jang Do-hyung hurriedly came running towards me.
“Please contact me in advance. It wasn’t enough to organize everything in one day… . “I don’t know if you’ll like it.”
“All you need is a desk, chair, computer and conference table.”
“Haha, that’s harder. “How picky are people who pursue minimalism?”
“I’m not a minimalist, I just need what I need.”
As I walked from the main building entrance to the private elevator, many people lined up and bowed. Looking at this, I furrowed my brows.
“Manager. Please don’t do this in the future. “You know what I hate, right?”
“If not, it will only be like this today. These are people who should at least know the manager’s face. Even if you say hello slowly.”
Only the two of us rode the private elevator. Because I have a story to share quietly.
“What happened to your instructions?”
“The four CEOs are already waiting in the manager’s room. And employees are waiting in front of each president’s office. “When the director comes in, we will start right away.”
“yes. “I’ll do it like lightning.”
“No problem.”
I first entered my room prepared on the 24th floor.
The four CEOs who were sitting on the reception sofa stood up awkwardly, showing their discomfort without hiding it.
Once I looked around the room, I felt like I knew whose work it was.
A room filled with simple yet luxurious furniture.
It must have been prepared by my aunt.
“Everyone, please sit comfortably.”
As I sat down at the head table, Executive Director Jang Do-hyung stood next to me.
“President Lee Min-seop.”
“yes.”
“The credit card company decided to sell. “The president will be dismissed as of today.”
When President Lee Min-seop’s face suddenly distorted, I added it to prevent anyone from saying anything else.
“I spoke to Vice Chairman Jin Young-ki and Jin Jin-gi, and they said they would take over. “It is up to them to reappoint President Lee Min-seop.”
President Lee’s distorted face became brighter than ever.
Are you stupid?
There’s no way my uncle would put me in the position of president again, right? How many people are standing in line next to Uncle? I just cut it with my own hands for my uncle.
“And President Yang Woo-chan. President Go In-gyu.”
“yes.”
“You two are also dismissed.”
The two presidents froze as if they had been struck by lightning.
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