[217]Front wave 1
As soon as I received a call from Vice Chairman Jin Young-ki, I rushed over. Since Oh Se-hyun had swept by, everyone must have been tapping their calculators.
It’s obvious that they’re still trying to figure out how much bleeding there is and exactly what happened to the change in the shareholding structure… . Surely you won’t yell at me to spit out the extra money you gave me?
When I opened the door to the vice president’s office and entered, my oldest uncle smiled brightly and welcomed me.
“Welcome, Dojun.”
Isn’t it about money? But in times like this, it’s better for me to hit the player first.
“Uncle. sorry.”
When I lowered my head, my uncle realized what I meant and straightened me up.
“no. “What do you have to be sorry for?”
After all, even if I die soon, I am a person who will never say anything bad.
I don’t think I’ll ever ask for the money I gave back.
“For moral reasons, I have to return everything except the appropriate premium… .”
When I took a quick look, my uncle’s eyes were bright. Expectations will slowly rise. It would be very hurtful to forcefully rip it off, but there is no way he would refuse it if it were given to him.
“It was pouring water into a bottomless pot. They said that as soon as the money came in, it was all used up to repay short-term bonds at Life, Fire, and Capital. Now that all foreign capital has flowed out, there is nothing we can do… .”
My uncle’s eyes were full of disappointment, but something else came out of his mouth.
“I’m glad it helped. When putting out an emergency fire, is it possible to use it by company? We’re family, so we take care of each other. are you okay.”
It’s not something that should come out of the mouth of someone who coldly rejected his younger brother’s request to lend him some urgent money, but I nodded as if it was natural.
“Thank you for your understanding.”
As I laid my butt on the sofa, my uncle began to tell me the real reason he had called me.
“The reason I called you is not because of anything else, but because of the share structure.”
share?
Both of them reached out to CEO Oh Se-hyun, but only Vice Chairman Jin Dong-gi achieved half of the success. At least he gets to keep his current position.
Since they failed to recruit major shareholder Oh Se-hyun, are they trying to take in even the 10% they own?
“For now, listen to everything I say.”
“yes.”
“I had some discussion with your second uncle. “I have come to the conclusion that things cannot continue as they are now.”
“… … .”
I have no choice but to listen until the end. What doesn’t work?
“Movies are eating away at the pillars of our house.”
“You mean CEO Se-Hyun Oh?”
“okay. I’m trying to figure out the exact number right now, but even with a rough calculation, I think it’s more than 23% of the stake. “Do you think this makes sense?”
“… .”
Regardless of whether it makes sense or not, let’s listen to the end. What kind of plan is this?
“If he has any other thoughts, we might be in trouble.”
“If you’re thinking about something else… ?”
“If Oh Se-hyun requests an extraordinary general meeting of shareholders, all of Sunyang’s affiliates must hold a general meeting of shareholders. Besides, he’s a financial expert. What if he wants to look into our Sunyang Group’s entire accounting books?”
It would be better for the National Tax Service to attack Sunyang Group and threaten to rob it. You can make phone calls here and there asking them to handle it gently, or you can mobilize the media to create public opinion that calls for killing large corporations.
However, when major shareholders attack, it turns into an internal problem.
We must accept Oh Se-hyun’s microscopic investigation with both hands.
It is obvious that several executives or CEOs will probably be sued.
“I will ask you in advance to prevent something like that from happening.”
My uncle waved his hand.
“I’m not saying this to make you do something like that. It’s just a temporary solution anyway. And this is a big deal for you too. “Just because we are close friends is not the time to let down our guard.”
“me too?”
“okay.”
My only weakness, I know it well. And everyone in the house knows. Even the entire nation knows.
It’s inheritance tax.
Although he inherited a financial group with a corporate value of over 1 trillion won, he paid less inheritance tax than someone who inherited a building.
Everyone deserved to be outraged, but they must have already gotten used to the behavior of these conglomerates, so they forget everything with just one swear word like “f*ck, Nimmi, you’re such a dick.” This is because I think the world we live in is different.
If you think it’s a different world, there’s no need to get angry. Because in other worlds, different rules apply.
And the expression is expedient rather than illegal.
If you look at it one by one, you may be able to find illegal elements, but this is overlooked by calling it expedient.
“No way, CEO Oh… . “Oh, no.”
I smiled and waved my hand vigorously, but since our goals were different, my uncle did not relax his stern expression.
“Don’t think of testing me just because you are a close friend. Think about the money Oh Se-hyun has invested so far. “Maybe he is targeting Sunyang Group with foreign capital behind him.”
Although the direction is heading in the wrong direction, the sense of crisis is accurate.
“Uncle. I think you’re overreacting a bit. CEO Oh is best friends with his father. And it’s too weak to surpass Sunyang.”
“So, I need to get a promise from you.”
“Resolution?”
“okay. What would you do if Oh Se-hyeon approached your father and you and started telling nonsense? If you join hands with him, you will instantly become the second largest shareholder. “You can have vain dreams.”
My uncle glanced at me from the corner of his eye and said something.
“I plan to look at the controlling stake. Please know that and cooperate too. “That is a promise.”
Here we see another excess.
No, is it anxiety this time?
Moving shares in an affiliate is not easy. There was a rumor that the Fair Trade Commission gave up on looking into Sunyang’s circular shareholding structure.
It is difficult for experts to look at the structure, so why change the structure?
“It won’t be easy, right? The shares tied up in circular shareholding must be completely transferred. Shares of other affiliates are company assets, and in order to move them, they must be bought and sold. If you make a mistake, it can even lead to breach of trust by the CEO… .”
“I’ll take care of that. I know very well that it is not easy. It’s impossible to defeat it all at once. “We will proceed very slowly and carefully.”
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Right now, I have no choice but to unconditionally agree. It may be true that they are changing the share structure, or it may be that they are testing me.
Pointless opposition only deepens suspicion.
I know very well that my two uncles’ suspicions never ceased for a moment.
“All right. “Please let me know whenever you need my voting rights.”
My uncle smiled with satisfaction at the answer without hesitation.
“okay. Since you also accept my opinion, my heart feels lighter. haha.”
My uncle’s smile seemed forced.
Does my smile seem forced?
After leaving the Sunyang main building, I headed home. There’s a lot to think about.
* * *
There is only one person who accurately understands the group’s shareholding structure.
This is Chief Secretary Lee Hak-jae.
What I’m curious about is whether it is possible to transfer shares without going through this person’s hands, and whether Vice Chairman Jin Young-ki discussed it with Director Lee Hak-jae.
If the two people discuss this issue, the share transfer will definitely proceed. And does grandpa know this?
If you want to think about complex variables, you have no choice but to check each one accurately.
Finally, I made a call.
A person you meet face to face once or twice a year and ask how you are, a person you talk to on the phone once or twice a month, but a person you can trust.
When I told him to come home after work, he happily came running.
“For some reason, you called me first… .”
Assistant Manager Kim Yun-seok came in smiling, carrying several cans of beer and a convenience store plastic bag containing snacks.
“What’s going on? I know very well that I didn’t just call you to see my face. haha.”
After laughing for a moment, we started drinking beer.
“Has anything unusual happened these days?”
“No. It’s no different than the chairman retiring… “The entire secretary’s office is free.”
Assistant Manager Kim Yun-seok was relaxed and seemed to have completely adapted to the secretary’s office.
“Are you still working as Director Hakjae Lee these days?”
“yes. “It’s still a bag mochi, but they treat me more comfortably.”
“Has Director Lee Hak-jae met with the two vice presidents recently?”
Assistant Manager Kim Yun-seok thought for a moment and shook his head.
“We may have met after I got off work, but at least we never met during the day.”
“There were no special instructions? For example, the issue of the group’s shareholding status… ?”
“Not at all. As I said, it has become really leisurely. “It’s been a long time since the two vice presidents kept their distance from Director Lee Hak-jae.”
My two uncles have no intention of inheriting even the people closest to my grandfather. They want to make their new chief of staff like Hak-jae Lee.
Assistant Manager Kim Yun-seok glanced at me and spoke cautiously.
“Can I ask what’s going on?”
“Vice Chairman Jin Young-ki said he would change the holding company. “It is unclear whether this is an attempt to trick me or whether they are actually trying to put it into action.”
Kim Yun-seok was not very surprised. He appears to be well educated since he doesn’t show any emotions.
“If it’s an equity issue, it’s difficult without going through Director Lee Hak-jae. “Because we have a tight grip on the legal team that only handles equity.”
“It’s not impossible if you do it secretly and on your own. “It just takes a long time.”
Kim Yun-seok hesitated for a moment and then opened his mouth.
“I’m a little cautious about saying this, but if the vice president wants to do the share transfer himself… “This would only be possible without Chairman Jin.”
This means that it is only possible if the grandfather passes away.
“Do you think Director Lee Hak-jae still has a lot of straws?”
“yes. There are numerous people led by Director Hakjae Lee in each affiliate. “They submit reports to Director Lee every day, and Director Lee reports directly to the Chairman.”
Kim Yun-seok quenched his thirst with a sip of beer and said.
“Shall I report this?”
“To Director Lee? “What if I ask how you found out?”
“Hey, Director Hakjae Lee knows who I am, but… . “You will know without me saying the sauce.”
“no. Let’s just leave it at that. “It is difficult to put it into action right away, so there is still some room.”
My uncle also spoke clearly. Proceed very slowly and carefully.
As Kim Yun-seok said, it looks like he will make a plan and then deal with it all at once when his grandfather passes away. Of course, before that, I have to sort things out with Director Hakjae Lee.
“Well, let me ask you one question.”
“yes.”
“What are Director Hakjae Lee’s thoughts? “His grandfather has retired, so he can’t stay in that position forever, right?”
“Because of that, I’ve been drinking more in the evening, probably because my mind has been busy these days. I’m not old enough to retire with the Chairman… .”
“I’m about the same age as my first uncle, so I can work for another 10 years.”
However, Hakjae Lee is now the person who has become the bad guy in the group.
“Assistant Manager Kim.”
“yes.”
“Is there something Director Hakjae Lee wants? “No, would you still want to stay in Sunyang even if your grandfather isn’t here?”
Kim Yun-seok answered without the slightest hesitation.
“I hope Chairman Jin will be the chairman forever.”
It means that he wants to be second-in-command forever.
then… .
“Assistant Manager Kim. “I said that Director Hakjae Lee enjoys drinking alcohol these days, right?”
“yes. “He sends our attendants away first and often spends time alone.”
Kim Yun-seok said something without even asking if he read what I meant.
“There is a quiet bar in Gangnam called ‘Sang.’ “I’m a regular there.”
“Then next time you stop by there, please let me know right away.”
“All right.”
Kim Yun-seok smiled. It was a smile that showed anticipation that his role would now shine.
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fantasy, modern,
