[061]Fight or sport? 4
“It is difficult to understand from common sense that an investment company with the sole purpose of making a profit would acquire an automobile company. “It will take a considerable amount of time to not only recover the investment but also make a profit, right?”
“Investment is not necessarily short-term.”
“There is a high risk that a company may go bankrupt due to poor management and may not be able to recover even a single penny of the investment. “Is the reason you take this risk because you are acting as an agent for the Japanese automobile industry?”
“Who on earth started the term ‘Japanese automobile industry’? “Where did you get that information, reporter?”
When Oh Se-hyun couldn’t stand it anymore and got angry, Chairman Song Hyeon-chang, who was sitting next to him, grabbed the microphone.
“I know well what’s going on in the Japanese automobile industry. Ajin Motors had technical cooperation with a Japanese company. To put it bluntly, there is no Japan.”
All cameras in the conference room were pointed at Chairman Song Hyeon-chang.
“Then I will ask Chairman Song. Considering that you are here together, is it safe to say that you support Miracle Investment’s acquisition of Ajin Group?”
“That’s right. “Not only I but all Ajin Group executives and staff support this.”
About a dozen union officials standing behind Chairman Song bowed.
“The entire Ajin Group union hereby promises a wage freeze and no disputes until Miracle takes over until a surplus is achieved. “This is the resolution of all union members.”
The union president also took the microphone and helped.
“Oh Se-hyun, CEO of Miracle Investment, promised two things. This is a promise to ensure clear separation of ownership and management and to do our best to normalize Ajin Motors without a single layoff. There was also assurance that we would not spare any bold investment if necessary.”
“Employment succession sounds like a good idea, but doesn’t that mean that the parties involved in the bankruptcy of Ajin Group will continue to run the business? “Shouldn’t everyone at least take responsibility and resign from the executive level?”
I was amazed as I watched from the back of the conference room.
Isn’t this an atmosphere where Daehyun Group employees are asking questions, not reporters? In their eyes, Miracle is just a saboteur who suddenly appears and sprinkles red pepper powder.
“Ajin Motors’ bankruptcy was caused by external factors rather than internal factors. Azin special steel was an essential field for long-term investment, and as you know… . “Ajin Motors was profitable.”
Even the calm Oh Se-hyeon changed into an aggressive attitude, perhaps as he became increasingly angry at the reporters’ biased questions.
“I would like to ask the economic reporters here. Why did all financial institutions suddenly stop lending and start collecting debts? There are many companies with much worse management performance than Ajin Motors. “Why did Ajinman start pressuring funds?”
“CEO Oh, are you saying that someone planned Ajin’s bankruptcy? “Then who do you think is behind it?”
“Isn’t it the job of journalists to uncover such things? Why didn’t you cover the Ajin Group incident?”
Oh my, the person you should never fight with is a reporter from the Republic of Korea, but you are provoking them!
Since I’ve never dealt with a malicious reporter, I keep getting stuck.
Fortunately, Chairman Song Hyeon-chang took the microphone. Since I was an experienced person with ample experience in this kind of work, I felt somewhat at ease.
“It’s not yet reviewed. “Today’s conference is an opportunity to announce that there will be no Japanese capital intervention.”
Chairman Song’s calm voice calmed the conference room.
“And let me tell you two more things. Companies are not groups that only pursue profits. It is a workplace that supports the lives of the people. Daehyun Group will kick out more than half of the people who worked for Ajin onto the streets. “In the name of restructuring.”
We had to touch public opinion through an essential message. That message flowed out of Chairman Song’s mouth.
Perhaps because of his experience and experience, reporters could not stop talking.
“In addition, if Daehyun acquires Ajin Motors, it will have control over close to 70% of the domestic automobile market. If monopolistic companies only pursue profits, the people’s choice disappears. What if Daehyun produces only one unit per grade for profit? What if we implement indiscriminate discounts to increase our foreign market share and try to compensate for the losses in the domestic market?”
The people were mentioned and consumer rights were mentioned.
This message just needs to make public opinion fair. Fortunately, since it is a presidential election, the government is also sensitive to public opinion. Once a fair public opinion is created, competition is based solely on price factors. I am confident that I will not be defeated in the money fight.
“The essence should not be obscured by rumors about Japanese capital. A lot of public funds have already been invested in Ajin Group. It is one thing to increase the size of a large conglomerate with public funds, and another is to be reborn as a national company with separate management and ownership. This is the essence that must be considered.”
Chairman Song’s closing remarks sufficiently conveyed the message.
however… … .
Timing is also an issue.
This meeting should have been held a day before the acquisition review. The key was not to give Daehyun Group time to counterattack… .
Because I was in a hurry, I threw away the hidden card first, so Daehyun took his time and answered every detail.
Two days later, the press conference held by the CEO of Daehyun Motor Company was a sure defeat to suppress our hidden card.
『In the global automobile market, a war of scale has already begun, with only the global top ten surviving. Daehyun Motors’ sales structure has long since exports surpassed domestic demand.』
『If Ajin Motors and Daehyun Motors become one, they will have groundbreaking competitiveness through joint design, unification of parts procurement, and sales network integration. Consumers can naturally purchase cars at cheaper prices.』
『Of course, minimal restructuring is inevitable. But there can be no workers without companies. I hope you look a little further. We can expect tremendous job creation until Daehyun Motors becomes internationally competitive and ranks among the global top ten.』
I turned off the TV.
I just sighed.
Oh Se-hyun was the same. He keeps sighing with a look of exhaustion.
“How about the stock market?”
“Daehyun Motors stock price does not change.”
“Is the effect minimal?”
“no. It’s because the two forces collide. Those who think the acquisition of Ajin Motors is bad news, and on the contrary, those who think it is good news. “It’s almost half and half.”
shit. In the end, isn’t it the result of both factions accepting the fact that Ajin Group will be transferred to Daehyun as a fait accompli?
“oh my god. Bringing Japan in! “I only saw anti-Japanese sentiment in national soccer, but I never thought we would suffer.”
“uncle. Don’t you have a card? Just take one out. “I will keep the spark alive.”
“does not exist. There is now less than a week left until the judging. “Even if I have the cards, I don’t have time to keep the flame alive.”
It was difficult to say not to give up.
If I had known this would happen, I would have regretted not interfering with my grandfather when he was trying to take over Ajin Motors a few years ago.
“Chaebols are really scary. “No matter how much you call yourself an advertiser, how can you control newspapers and broadcasts as you wish?”
“It’s not that chaebols are scary, it’s because the media knows the taste of money. “Isn’t this a camera that was drunk with a pen and swallowed money?”
Oh Se-hyeon opened his eyes round.
“hey! What does a young guy say like that? “He looks like a social elder.”
“I’m not saying that, it’s my grandfather. Let’s live with it in our mouths. “If something unfavorable happens, they block the media first.”
“Daehyun would have done the same, right?”
“Even if you don’t watch it, it’s a video. A huge amount of money must have been poured into it. “If you look at the fact that they even brought Japan into it, which is ridiculous.”
Oh Se-hyeon gritted his teeth and said, as if he felt too bad about giving up now.
“Nimi, are you going to reveal the debt forgiveness details? “Don’t you think there will be a boycott of Daehyun Motors if they find out that 7 trillion won will be made up with public funds?”
I almost burst out laughing. If you were so angry, would you even say something like that?
“uncle.”
“why?”
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“If my uncle blows that up, will he have to defect to the United States? The government decided to block it with people’s taxes. Do you think you will be able to live in Korea if your uncle shoots at the government? “Even what happened before you were born will be completely wiped out.”
Today I felt like I needed to shake everything off and take a break. The urgent priority is to heal the wounds inflicted by Daehyun’s counterattack and regain a clear mind.
“uncle. “Let’s forget everything today and just have a drink.”
“what? alcohol?”
Oh Se-hyeon looked at me as if he couldn’t believe his ears and couldn’t keep his mouth shut.
“why? “I’m an adult now, so can’t I drink alcohol?”
“Oh, no. That’s not it… Can you drink alcohol? Have you ever drank it?”
Have you ever drank enough alcohol to ruin your body?
If I saved up the money I drank to deal with accidents every day, it would be enough to buy several apartments. Of course, it was a corporate card.
“My father is a horseman, so where can that bloodline go? Good for you. “I need to test my drinking capacity today.”
This is sincere.
“And they say you should learn how to drink from an adult, right? “Uncle, please teach me properly.”
Oh Se-hyun smiled and stood up.
“good night. Today, let’s take a look at our major shareholder’s drinking habits. By the way, since it is a company dinner for major shareholders and the CEO, expenses are covered. “Okay?”
I shook my head vigorously and took out a card from my pocket.
“Let’s drink from this. They say the limit is unlimited, so I go to the most expensive place my uncle knows. A place where women come out. “Hehe.”
Oh Se-hyun seemed to be more curious about the card than the word “woman.” He took the card from my hand and looked at it closely.
“What is this? Isn’t this the Hansung Ilbo corporate card? “Why are you holding this?”
“My future sister-in-law is Hansung Ilbo’s daughter, and she gave it to me to use as pocket money. The reputation of the third-generation chaebol is at stake. If you put your mind to it and write it down, it’s like this… … . “I will scratch the mouth of Hansung Ilbo’s daughter so much.”
Oh Se-hyun wore a top.
“let’s go. “Let’s make Hansung Ilbo’s ink prices cheaper.”
* * *
I entered one of the Ten Pros called Four Heavenly Kings in Yeoksam-dong.
“Oh my, boss. How long has it been since this? “Since you don’t visit much, I thought you were living somewhere else.”
The madam, who greeted me with a fuss, glanced at me and lowered her voice.
“who? Are you really raising a celebrity? Even the management business?”
“What nonsense. This is my nephew. I brought you here today to teach you Judo. The kids went to work, right? I will give you proper T/C, so please select only four. If I don’t like it, I’ll stand up right away. “There are so many places to go!”
I silenced Madam’s chatter and went straight to my room.
Madame, who came into the room with four young ladies, snuggled up next to Oh Se-hyeon and started chatting again.
“Ace four. “You can’t find kids like this even at broadcasting stations.”
It’s not wrong. The body and face revealed by the tight, short dress were flawless. It’s just that the proportions don’t fit the broadcast camera, and this beautiful face is rare even in Tenpro.
Smiles spread on the faces of the women who made eye contact with me.
Isn’t this a profession where the smell of money is amazing? For a young person like me to go to a place like this means only one thing.
The son of a wealthy Gangnam father.
“how is it? Do you like it?”
Oh Se-hyeon was smiling brightly, as if she was very satisfied.
“Let’s sit down.”
After nodding and giving an OK sign, the girls quickly settled down and Madame joked again.
“Oh boss. If you want to get four aces, you need ordinary alcohol… .”
“Put in two bottles of Heart Brothers 32 Year Old. “Okay?”
The duty free shop price is 600,000 won.
What is the commercial price?
I was thinking these awkward thoughts when the five women in the room cheered.
The drinks came in as the two women sitting on either side of me, with their arms folded tightly, heaped all sorts of compliments and fawns.
“Should we start with bomb liquor? A single punch hurts less if you hit it with something strong. Guys! Turn!”
The girls mixed expensive whiskey with beer.
Perhaps sensing that the atmosphere would not end with just two bottles, he did not hold back on drinking as he poured overflowing bottles.
“Okay, everyone raise your glasses. “It is polite to empty the first glass.”
Running from the beginning! I don’t think I should learn how to drink from Oh Se-hyeon.
The thrill of beer and the scent of whiskey warm your throat and warm your stomach.
“Oh my! Are you drinking some? good. Once more!”
The girl next to me said something while making bomb liquor.
“Put in just a little bit of liquor. “What if I mix that poisonous mixture half and half?”
“My handsome young brother, you don’t know anything. It is okay to add more than half of good quality liquor. “It goes over better.”
I’m so upset.
They come up with all sorts of reasons to increase sales.
“My cute brother. braided!”
As the two ladies held out their drinks, a word suddenly hit me in the head.
Half and half!
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