[292]Get along well with each other? 3
“Wow, you’re just saying all sorts of things. Okay, what does our Chairman Lee want? “Please speak openly.”
“cement.”
Chairman Joo Tae-sik jumped up and showed his disapproval.
“Oh my, this friend. That’s not allowed. We should let cement make a living for our little brother. “He’s a guy who makes some money, but if you take it all away, all that’s left is chaff.”
“If it’s the younger brother, Chairman Joo Min-sik… ?”
“okay. Even if I’m an ugly guy, I’m still related. “Can’t we just live as unemployed people and let them do the same?”
“Then, please add more comprehensive design and Rotem. “I won’t ask for more.”
“Rotem?”
Daehyun Rotem, a company that suddenly emerged.
Daehyun Rotem is a company in the railway vehicle and defense industry. It was natural for Chairman Tae-sik Joo to show a strange expression, not in the construction sector but in the automobile affiliate.
“I’m not asking for it because the defense industry is a valuable business. Just look over the rolling stock sector.”
Chairman Joo Tae-sik did not accept it easily. It is not a company worth being greedy about because it is not a very profitable business and the scale is not large.
I was curious as to why you wanted that.
“The HW car is following closely behind and shrinking, so you’re going to take it to the railroad? Hey, my friend is like a sharp robber.”
“older brother. I am not involved in the automobile business in the slightest. It is safe to say that it is an independent company run by CEO Cho Dae-ho alone. That person secretly asked me a favor. Do you want to secure railway vehicle technology? I am the chairman in name only, so please save me some face. “It’s not a big money-making proposition, is it?”
In order to become a comprehensive automobile company, supporting heavy industry is essential. The weakness of HW automobiles is the absence of heavy industry… . President Cho Dae-ho knows exactly what the company’s weaknesses are.
“Then let’s just take the rotem. Leave the comprehensive design behind. “How is it?”
I put a few side pieces up and down, but in the end I got what I wanted. Both of them.
“great. “Please do so.”
Chairman Hakjae Lee nodded his head willingly and smiled. Now we need to confirm Chairman Joo’s promise.
“But how do you plan to dispose of your younger brother’s management rights?”
“I should take over all of the shares he owns. As a condition of resolving this situation. “If I go bankrupt and fall apart, how can I be smart?”
“I believe there will be no problems.”
“Don’t worry. Acquire the shares, package the construction and remaining affiliates well, and hand them over to you. By the way, please don’t cut off too many people. Still, they are the ones who have been eating Daehyun’s food for a long time.”
“I will take care of that. “Restructuring is inevitable.”
Even if it’s empty words, I don’t say that I will take everyone with me.
“anyway… . Because it’s a knife. It would be a bit dull if each person became chairman… .”
“What good is it if I imitate the president in front of you? haha.”
Chairman Joo Tae-sik frowned while looking at Lee Hak-jae, who was smiling brightly.
“I’m worried about Sunyang. The vibrator, that friend… . “Are you going to lose your place?”
“It’s a time of suffering for my younger brothers. I will also leave at least one company behind. “I have to earn a living.”
Chairman Joo Tae-sik was curious about the company that Lee Hak-jae was leaving behind.
* * *
“How dare you… .”
Vice Chairman Jin Jin-gi was unable to continue speaking due to his rising anger.
However, the bank presidents who surrounded him applied pressure in a cold manner, without paying any attention to Vice Chairman Jong-gi’s feelings.
“This is a prudent decision. Don’t speak carelessly. “Vice President Jin.”
“This is not a problem that ends with Sunyang Construction. The payment guarantee line is shaking not only other affiliates but also the entire Sunyang Group. “You don’t think our financial sector is taking that shock wave lightly, do you?”
“Have you forgotten the foreign exchange crisis 10 years ago? Several of the top 10 business groups collapsed due to lack of tens of billions of dollars. Only 10 years have passed. They say it’s on the verge of bankruptcy worth more than 100 trillion won. Are you sure you can stop it? Vice President Vibrator!”
Vice Chairman Jin Jin-gi was speechless, but he could not give in. Retiring from management is the same as giving up on the group.
My father, Chairman Jin, used his subordinates as scarecrows when a problem arose and cleaned things up, but what the financial world is demanding now is the resignation of the entire management team.
If you can’t plant a single confidant, or if you leave the company with your confidants and the place is filled with creditors, it is impossible to return.
“Shouldn’t we at least give them time to come up with a self-rescue plan? “Why on earth are you doing this?”
Vice Chairman Jin Jin-gi wanted to know the true intentions of the bank presidents. It was difficult to tell whether it was simply a warning or if the situation was extreme enough for him to tear the company apart.
The head of Jinhan Bank, the main creditor, said.
“Shouldn’t we survive too?”
“what?”
“It’s not just Sunyang who treats you rudely. I have already sent the final notification to Daehyun. The bankruptcy of both groups threatens all of our banks. “It’s a matter of survival.”
“I’m not talking about our individual survival. The bank itself is shaking. Also, can’t we get to the point where foreign capital is encroaching on the financial sector?”
“Is this an instruction from the Blue House?”
The vibrator was the question I wanted to ask the most. If the Blue House gave him an ultimatum through the bank, he had no choice but to comply.
“The Blue House only reiterated its stance that it would never get involved. Do you understand? “If you are expecting any financial support from the government, give up.”
The ultimatum was correct. There is no need to negotiate with them anymore.
The priority is to find a way to tie up creditors before they take over the company.
“Please wait a week. Surely you wouldn’t refuse that much time?”
Vibrator left without waiting for the bank presidents to respond.
* * *
“That’s right, what they said. The government backed off. They whine that they don’t have enough money to raise a failing small business. “We and Daehyun decided that we could stop it at the group level.”
“Are you going to stop it?”
“That’s the Blue House’s mistake. Thinking of us as one family. Daehyun won’t be any different, right? “There are widespread rumors that Chairman Tae-sik Joo is determined to oust Ju-min-sik and will try to kill him.”
Vice Chairman Jinyoung-ki looked like he was watching a very interesting drama.
“Then what about you, brother? “Are you waiting for me to dry up and die?”
“of course. Why should I save you? “Did you really expect a brother to take care of his younger sibling?”
Vibrator bit his lip as he looked at his older brother, who was laughing heartily and poking his insides.
“Soonyang General Chemicals, Sunyang Precision Machinery. I’ll get you two. And take all your and your family’s personal property. Instead, he gave away all of the group’s stocks. “Then I take responsibility for this situation.”
Even Vice Chairman Jin Young-ki, who makes loud noises, cannot stop trillion-level insolvency.
It is obvious that they will waste time by condescendingly calling the restructuring of their affiliates a self-rescue measure, and that they will lobby hard and use bank money again. The insolvency will become even bigger.
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Vibrator didn’t feel the need to talk any more with his brother, whose only goal was to rob him of his shares. He knew it would be better to go to his biggest creditors and negotiate.
I just hope the debtor is more generous than the brother.
* * *
“I can’t touch Vice Chairman Jin’s personally owned stocks, but… The stocks owned by Sunyang Construction and Heavy Industries will be owned by our HW. Then, a series of subsidiaries and affiliates under the two companies will come into our hands.”
The older brother wants the stocks of Construction and Heavy Industries owned by the vibration maker, and the debtor wants the stocks of other affiliates owned by Construction and Heavy Industries.
Even so, if it goes bankrupt, the bank will start by completely relocating the bank.
“Chairman Lee. “There’s no way you’ll change your mind, right?”
The vibrator didn’t want to hang around like that. I know very well that just because you cling and beg, I am not the kind of person who will do you a favor.
He is a person who is good at cool-headed and rational negotiations. Like his older brother, he won’t make a fuss about giving up his shares unconditionally.
“It won’t change. “You can eat at least 25% of Sunyang’s affiliates, but if you are attracted to recognition, you do not qualify as a professional manager.”
To the vibrator, this person is the most feared.
Isn’t he someone who has a thorough understanding of Sunyang Group’s governance structure?
It is clear that they numbered the affiliates and made calculations to see what they could bring first.
“I also know very well that I will never give up my controlling stake in the group. So is there anything special? “I have no choice but to tear it up one by one and bring it back.”
Vibrator said with composure.
“I will do my best to stop it. You won’t get it easily. It will be a long fight and a lot of blood will be shed. “I, the vibrator, still have that much power.”
“I guess that means they will still extend life by leveraging the power of the political world… . Is there still any strength left? It only takes a moment to turn your back on those guys. “I’m sure you know it well, right?”
“If you want to check, try it. I’m saying let’s save each other’s sweat and blood. Tell me what you want. HW lacks heavy industry affiliates, so if you extend the bond, we can just give you a few related companies.”
Chairman Hakjae Lee chuckled.
“The glory of Sunyang was buried with Chairman Jin Yang-cheol in his coffin when he passed away. “If you don’t know that yet, let me tell you.”
Chairman Hakjae Lee placed his smartphone on the table and turned on the speaker.
The two letters ‘Prime Minister’ were clearly visible on the LCD screen.
“Prime Minister. “I’m learning this.”
– Ah, Chairman Lee. What happened again? You’re not saying you’re going to have a golf revenge battle last weekend, are you? haha.
“Oh my gosh, Prime Minister, I’m done with golf now. “The difference in skill is so obvious that I can’t even think of a revenge battle.”
The vibrator’s expression hardened as he listened to the friendly phone call.
“Prime Minister. I have finished talking with Daehyun Chairman Joo Tae-sik. Our HW will take over and revive the entire construction business. So the fire will not spread because of Daehyun Group.”
– That’s a good thing. Thank you. I was worried that another IMF-like situation would happen… . Have you finished organizing Sunyangdo?
“Not yet. There are no major difficulties in Daehyeon because the division of affiliates is clear, but in Sunyang, the controlling shares are intertwined. Anyway, we will do our best to resolve it as soon as possible.”
– Please. Even if you don’t, it’s probably quite embarrassing because that friend of yours is picking up a vibrator around the neighborhood. I understand that our government’s position has been clearly communicated… . I wonder if Genji is tactless or greedy… . Hey, I don’t know when to back off.
“It’s because I’m not good enough. Prime Minister, I apologize for causing you any inconvenience.”
– Oh, no. We are thankful that the HW Group is supporting the construction industry, which is in ruins. And as Chairman Lee said, we confirmed that Miracle brought 12 billion dollars into the country. Thanks to you, we can take a breather? Thanks Maui.
“He says all kinds of things. “This is something that must be done to protect the exchange rate.”
– Then, please help me. Keep telling me about Sunyang’s work. If that vibrator friend doesn’t listen to you, contact me. They will even mobilize the National Tax Service to clean up the mess. If you just wipe it with your palm, the old dirt will turn black… . If you want to embarrass yourself, you should do so.
After ending the call, Chairman Hakjae Lee smiled and started looking at the vibrator.
“Now, I think you need to persuade the Prime Minister with your power, Vice President? Of course, you know that the Prime Minister’s will is the Blue House’s will, but… .”
The white vibrator couldn’t take his eyes off the smartphone screen after the call ended.
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