The Chaebeol’s Youngest Son Chapter 236

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[236]Before winter ends 2

“Even though we are of the same blood, our Sangjun is very different from his younger brother. That guy is full of dark greed inside. haha.”

I didn’t say anything as my grandfather pointed at me and chuckled. Now is the time for two people.

Grandpa smiled and got up from the sofa. Then he opened the drawer next to the bed, took out an envelope, and gently placed it on the table.

“This is prepared for you.”

I didn’t expect this. Of course, Sangjun would have been much more surprised than me. His eyes were wide open and he was speechless.

“Don’t make that face. “It’s not just for you.”

Grandpa looked at the two of us and smiled.

“I plan to give something to each of your cousins. Even the kids who had already gone took one bag with them. Dojun, you don’t have an envelope.”

“No, that’s a bit…” “Shouldn’t you at least include a gift certificate?”

Grandpa said to Sangjun.

“Look, that guy is such a greedy guy.”

But Sangjun, who was surprised, was still looking at the envelope as if he couldn’t hear anything.

“Sangjun.”

“yes? ah… . yes.”

“Your office and officetel are in Gangnam, right?”

“yes.”

“Giving you a house is not just something you said. That’s a contract for the sale of a house in Gangnam. I did it in your name and even arranged the gift tax so that my grandson could live in a clean house. “He will provide the furniture to fill the house.”

My grandfather pouted when he pointed at me.

“Well, since you give it to me, please fill the house with it… .”

“Hey. Don’t say anything you don’t know. A gift should seem a little lacking. “You have to have some regrets to continue the relationship in order to get more.”

“The excuse is very plausible… .”

“It’s noisy, you idiot. so? Your older brother just got a house, so you’re not planning on giving him a gift? A guy with a lot of money?”

It seems that Sangjun didn’t even hear the jokes he exchanged with his grandfather.

He bowed his head to his grandfather with bloodshot eyes.

“Thank you. grandfather.”

“no. What am I thankful for… .”

I guess I should leave the place at this point.

Although they are grandparents, the two only exchanged greetings at family gatherings and have never shared a close relationship.

They both know that now is a time that will never come again.

“Then let’s talk. “I have work to do, so I’ll go first.”

Sangjun was embarrassed, but the grandfather who held his hand tightly nodded his head.

* * *

“Director Lee. “I’m checking once again. Are you sure that none of your stocks belong to your father?”

“Chief. Is there a possibility that there may be shares that we are not aware of? “It is a share that my father personally managed.”

Director Lee Hak-jae felt really burdened by the burning gazes of the two vice presidents. What on earth are they worried about?

“Soonyang Group stocks are all over the Myeongdong private bond market. These are all car names. Unless I figure it all out, it’s not within my scope of knowledge. Also, if the Chairman manages something privately, I have no way of knowing, right?”

“Chief. “It’s not a fact-checking, it’s asking about the possibility.”

“I don’t think there is. There is no reason for the Chairman to risk various risks and manage under a borrowed name. “Don’t you two know each other well?”

The two people seemed offended by Director Hakjae Lee’s words.

They set up a corporation that is no different from private ownership and carry out a method of funneling work away from the affiliates they manage.

With the money raised in this way, stocks are constantly purchased. Under a different name, of course.

Trustworthy executives, their families, or close associates are the owners of borrowed names, but they are always anxious. This is because it can be sold off and disappear at any time.

“what… . “If that’s the case, I’m glad.”

Vice Chairman Jinyoung-ki said with a shocked expression.

“Do you know specifically about your father’s personal belongings that are said to be given to the above?”

Even though Hakjae Lee tried to hold back, he couldn’t help but frown.

Where on earth will this guy’s greed end?

“As I already said, I don’t know the chairman’s personal assets. Because you left it to a private attorney. By the way, did you know that I have several private attorneys? “Even that was all distributed and managed.”

Vibrator, who was quick-witted, realized that Director Hakjae Lee was feeling uncomfortable and blocked Jinyoungki’s mouth.

“Hasn’t everything already been said? Let’s not keep repeating what we said, let’s just say what we think. “Wouldn’t that make Director Lee more comfortable?”

Vibrator lifted the teacup in front of him, glanced at Lee Hak-jae’s eyes, and spoke carefully.

“I’ll be honest with you. “If your father isn’t here, won’t our group become noisy and unexpected things might happen?”

“Please be specific. “What’s the point of making a fuss?”

“Equity. Isn’t Sunyang a governance structure as tangled as a spider’s web? Even if just one thin spider web breaks, something unpleasant can happen.”

“So?”

Director Lee Hak-jae’s expression and tone of voice clearly showed his displeasure, which made Vice Chairman Jin Young-ki angry.

“thing. What a person! What on earth is so objectionable? “Is there something we can’t say now?”

“older brother!”

At the sound of the vibrator, Jinyoung-gi groaned once and closed his mouth again.

“Director Lee. “I ask you to consider our situation as well.”

“Vice President Jin Dong-gi. Why don’t you get to the point first? “I understand that this is a difficult story, as you are going round and round, but it would be better to start with the conclusion.”

“great. “I would like to reorganize the holding company.”

“A holding company?”

“yes. “The idea is to gather all the scattered shares and tie them together with a strong rope, not a spider’s web.”

“It won’t be easy, right? If you touch it incorrectly, the fragile spider web may break. Additionally, tax issues may arise during the process. “It can be seen as close to gambling.”

“That’s why I’m telling Director Lee. “There is no one to lead this work other than Director Lee.”

Among the people under the two brothers, they gathered only those who were known to be smart and ordered this work, but they could not properly understand the governance structure and threw up their hands.

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The only conclusion was that it was impossible to analyze a picture that was more complex than a semiconductor circuit and denser than a spider’s web, unless you were the person who created this structure.

“Is that really necessary? Because of this system, these two people are serving as vice presidents. There is no need to take risks and change… ?”

Lee Hak-jae could clearly see into the two people’s intentions, but he also wanted to hear directly from their mouths what they wanted.

“Is it because you don’t know? First, we have to lift the Miracle! If Miracle takes Dojun’s hand… . No, I’m sure. “They are planning to take over our Sunyang with Dojun at the forefront.”

Jinyoung-gi shouted.

“Even if it is not necessarily the case, it is not desirable for an investment company with 23% of the stock to be holding on.”

A vibrator also helped.

“That may be true, but… … . great. Let’s say you create a separate, secure holding company. “Then what do you want the holding company’s shareholding structure to be like?”

The two exchanged glances for a moment, then Vice Chairman Jinyoung-ki cleared his throat.

“Hmm. About 55% are my peers, and about 10% are the 5% executives mentioned above. The rest is distributed to affiliates. “For now, I’m thinking like this.”

This means that the two will hold all power. Including the third Jin Sang-gi, it is not 55%.

This means that even the third brother is not trusted. Even if Jin Sang-ki has other thoughts, his control over the group will not be shaken.

“Instead of increasing the shares held by executives, we plan to change people. Aren’t they all from your father’s generation? “I plan to replace him with a new executive.”

The vibrator even mentions generational change.

“That’s true for Miracle, but what about Dojun? He also has a 10% stake. Are you planning on leaving it out altogether?”

As Lee Hak-jae pointed out the details they were reluctant to mention, the two vice presidents’ expressions hardened.

“I’m thinking of giving Dojun a couple of financial affiliates. It suits him well… . If it’s not enough, you can add some stock to the affiliate. Aren’t you a child anyway? “Participating in group management is not easy.”

“It’s a laughing stock when other people see it. Does it make sense that among large corporations these days, people in their twenties are threatening the management of the group? “Dojun is at the age where he can take management lessons, but he is not old enough to be responsible for an affiliate company.”

It would be better for them to be honest and say that they want to own a company. Dojun has already proven his ability.

Don’t they have nothing to boast about other than inheriting Chairman Jin’s blood?

When Lee Hak-jae showed a displeased expression, the vibrator spoke urgently.

“I will give you a position where you won’t be disappointed, Mr. Manager. “Please join us.”

“is it so? What kind of position do you think I would be satisfied with?”

It was a dry voice, but at least it showed interest. Vibrator said with a grin.

“I will at least give you the position of CEO of Sunyang Electronics. “Isn’t that the core of pure yang?”

The two people knew full well that they couldn’t catch Lee Hak-jae with money, so they offered their position.

However, the CEO can be changed overnight. Even if it is replaced without noise, two years is enough. This is not something Hakjae Lee doesn’t know either.

They predicted that Director Hak-Jae Lee would ask for a guaranteed position for about 5 years and even agreed to accept that amount.

“Of course, you plan to proceed with all of this without the Chairman’s knowledge, right?”

“Is there really a need to tell? With so little time left, wouldn’t it be comforting to think that everything has come true according to your wishes?”

In fact, even if Chairman Jin knows the intentions of his two sons, he cannot do anything about it. There is not enough time left to collect the stake again.

The new holding company is entirely in Lee Hak-jae’s hands.

If he refuses, they will proceed on their own, even if it takes time.

“It seems like something I need to think about. The Chairman is still watching me. “I cannot bear to look at his face and disobey his will.”

Isn’t this asking you to wait until your father passes away?

Smiles spread across both people’s faces.

“of course. Director Lee understands our intentions, so this is… . My heart feels lighter. haha.”

Vibrator also stood up and grabbed Lee Hak-jae’s hand.

“Thank you. Manager. This is all to make Sunyang safer. “I will never forget this.”

Hakjae Lee gently removed his hand from the vibrator.

“I fully understand what you two mean, and I’ve expressed my feelings, so I’ll just stand up now. then.”

Hakjae Lee quietly left.

When he was out of sight, the smiling expressions of the two people changed in an instant.

“That bastard, I think something has happened. As for his nature… .”

“stop. He’s at least enough to be Sunyang’s bodyguard. He is also his father’s loyal subject.”

“Is that guy serious?”

Jinyoung-gi still had an expression of disbelief. On the other hand, the vibrator was much more relaxed.

“He said he would step down when his father passed away. He probably doesn’t really want that. You’re still in your prime. If you were to become the head of Pure Yang Electronics, your heart would flutter, right? And he needs help. Consider the amount of your father’s personal wealth that the above foundation will receive. You have to take care of that first. “It’ll be at least hundreds of billions, right?”

“I think it’s better. Not only cash, but also real estate. “That is a much more valuable asset.”

The two looked at each other and started laughing.

A huge amount of money to be pocketed by giving away uninfluenced shares. Thinking about that money, she couldn’t stop smiling.

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