The Youngest Son Of A Rich Family Chapter 215

[215] Devastation 3

“The Sunyang Card incident, which made the business world very tense, has been successfully resolved. The Ministry of Finance and Economy announced that officials from the government, financial sector and Sunyang Card reached a dramatic agreement after a full day of marathon meetings.

With this, all services of Sunyang Card, which had been stopped for over two months, started today at midnight

.” What else is that?”

Vice Chairman Jin Young-ki widened his eyes in disbelief when the news of the normalization of Sunyang Card came out.

He pressed the intercom as soon as the breaking news was over.

“Chief Baek tell me to come in quickly!”

Vice Chairman Jin Young-gi, who was unable to sit down and walked around the vice-chairman’s office, shouted at Chief Baek, who came running in a hurry.

“You bastard! How did that happen?”

When his finger pointed at the TV, Chief Baek hurriedly replied.

“I am looking into it now.”

match-!

Chief Baek, who was slapped on the cheek by the palm of Vice Chairman Jin Young-ki who swung as hard as he could, eventually lost his balance and stumbled.

“Find out now? It’s already happened, what have you been doing?”

“Sorry. Vice President.”

“Doesn’t it come out quickly? Whether it’s the Blue House or the Ministry of Finance and Economy, check quickly!”

Jin Young-ki glared at Chief Baek as he walked out with his head bowed, and remembered that there was someone closest to him who could explain all of this.

He quickly ran to his brother.

< Vibrator vibrator >

Rarely has this sign on the door been so disrespectful as it is today.

“Motivation!”

As soon as I opened the door and entered, the vibrator with a frowning face threw a word as if it was full of energy.

“Can you knock?”

“hey! What the hell happened?”

“what?”

“Chunyang Card! What the hell have you done? How did you stop it?”

“Why does that sound a little strange? Did you wait for business suspension and bankruptcy? If things are back to normal, congratulations. Good job. You worked hard.

The older brother continued to make loud noises, ignoring the staring eyes of the younger brother.

“Stop the bullshit and speak quickly!”

“After clearing the clogged liquidity fund and clearing all debts, the service returned to normal.”

“how? Did you sell all your shares?”

Jinyoung gulped and asked cautiously. It is because if the controlling stake in the group has gone out, another opportunity has come.

No one dares to buy the Sunyang Group with Sunyang’s shares. The most expensive stake in Korea is Sunyang’s controlling stake. If you pay for it as much as it is expensive, you can secure it much more easily than when your brother is holding it.

“no. A rich guy took over the Sunyang Card. It is now out of my hands.”

Vibrator laughed at his older brother, who was disappointed with his words that he had not sold the stake.

“The stock price has fallen below 1,000 won. They secured all the stock that poured into the market and took all the shares of institutional investors. I own a whopping 42% stake, so it’s like taking over.”

Jinyoung bit his lip. regret came

I snorted when my younger brother told me to buy stocks that had plummeted and save the Sunyang Card. A company that would be ruined if left alone, for what purpose would you spend money to save it? I had to go bankrupt to secure more control of the group

. And he should have ruined the company himself.

The surest way to make a company prosper or ruin it is to do it yourself.

Vice Chairman Jin Young-ki felt resentful of himself for not having thought of this at that moment.

“Did you hand over all your stake in the cruiser card?”

“no. Heavy Industries and Construction’s stake in Sunyang Card remains the same. The stock price will go up now, so why sell? When it returns to its previous level, then sell it. Shouldn’t I also take care of some money?”

“who is this? Who did you sell it to?”

“Let’s speak straight. Didn’t I say I didn’t sell it? He just secured a stake.”

“Take it down or hit it! So, who is he?”

Suddenly, a low voice came from behind.

“Did you find me?

When Jin Young-gi turned his back, he saw Oh Se-hyeon smiling.

“Are you here?”

Vibrator jumped out of her chair to greet him.

“yes. This… unintentionally, I overheard the conversation between the two of you.”

“I screamed loudly without even closing the door, so unless I deliberately avoided it, I had no choice but to hear it. it’s okay. It’s our fault.”

Vibrator glared at Jinyoung, who was still surprised and couldn’t keep his mouth shut.

“Sure, is it you?”

“yes. I am Oh Se-hyun, the representative of Sunyang Card’s largest shareholder.”

When Oh Se-hyeon lightly lowered his head, Jin Young-ki was even more speechless.

The fact that the new owner of the Chunyang Card is Oh Se-hyeon is a much more serious problem than the fact that the Chunyang Card has become normal.

Oh Se-hyeon has no regrets and is not afraid of Sun-yang’s power. Crucially, he is a guy who gnaws away at Sunyang’s things.

“I have some business with CEO Oh, so if you have more to say, do it later.”

As Jin Young-gi stared blankly at the backs of the two leaving the room, Oh Se-hyeon suddenly turned around.

“Vice President Jin Young-ki. I have something to tell you about debt repayment. Can I visit you after the meeting with Sunyang Card executives?”

“what? Repayment?”

“yes. Maybe it’s supposed to be paid in 3 installments? I wish I could sort it out at once.”

Jin Young-gi felt like he had been hit in the head with a hammer. He had a hunch that the stake he had bought with bond collateral was being withdrawn for twice as much money.

“Now, let’s talk about that separately later and meet the executives first. Those nobles must be trembling by now, afraid that their name will be on the list of the murderers. Whether you live or die, don’t you have to tell me the results quickly so that I can stretch my legs and sleep tonight?”

Vice Chairman Vibrator smiled and put his hand on Oh Se-hyun’s shoulder. It was as if friends were putting their arms around each other.

* * *

“You have the cruiser card?”

“yes. Stocks that fell below face value were wiped out. It wasn’t that difficult. As you well know, isn’t Yeouido my home ground?”

Oh Se-hyeon, who visited Jin Young-ki’s office, had to hold back his laughter as he saw his frowning face.

He would have thought that this would be a great opportunity to take over Sunyang, but since the opportunity came quickly, he seems to be holding back a lot just by revealing his raging tantrum with a frown.

“Why?”

“yes?”

“Why did you target an insolvent credit card company? Do you think that would be easy to normalize? There are 3 million people with bad credit. It is impossible to recover!”

“Is that so? All the numbers except for 3 million seem bigger to me?”

“Are you thinking of selling refrigerators in the Arctic? Aren’t you an amateur who follows plausible words made up by consulting instructors?”

As for the current situation, Jin Young-ki is right. The future of the credit card business is as bleak as the sky full of dark clouds.

But I had no intention of arguing with or contradicting his words. This place is only for notification, not for dialogue.

“Vice President. Let’s take care of management. It’s not polite to ask people to let go of their stomachs because they care about other people’s companies. There is only one subject between the vice president and me. Bonds and Debts.”

Vice-Chairman Jin Young-ki thought that he would be able to get his bearings only if he took care of that spoiled bastard. How dare you keep your eyes open!

“I will do whatever the vice-president wants. Whether you pay it off on the maturity date of the bond or settle it all at once.”

“You have a lot of money.”

“yes. It rots. Did you get a satisfactory answer?”

When Oh Se-hyeon fired back at him, Jin Young-gi was dumbfounded and at a loss for words.

Far from being afraid of herself, Sunyang’s signboard, that expression that seemed to look down on her, no… contempt was stronger.

Jin Young-ki suppressed his desire to explode. It was because he remembered his younger brother, Vibrator, and his affectionate appearance.

What if it was you who put your hand on that guy’s shoulder instead of your brother?

I thought this was an opportunity to try again.

You can kick out your little brother, Vibrator, and put him in his place. It’s a difference that one person changed, but the result is enormous.

Not only inside the Sunyang Group, but also the whole nation will think about it. It is said that Chairman Jin’s eldest son, Jin Young-ki, inherited the group. At that moment, the only chairman of Sunyang Group is himself.

No matter how many stakes Oh Se-hyun has, there is no way he can escape being treated as a professional manager. Because his name doesn’t start with Jin.

Jinyoung, who took a deep breath, let out a grumble.

“shit! Only Do-joon will sing.”

In two months, he made a whopping 800 billion won. Oh Se-hyun knows that too.

“I heard about the situation. You paid twice as much for it?”

“I am the same way that money rots. I’ll suggest it to Kim when he said it. The collateral I have is the stake. That’s me again…”

“No. I have no intention of selling. Let’s not talk about it.”

I saw again the rude way of cutting off before he could finish his speech, but Jin Young-ki passed it off as if it was not a big deal.

When you change your thoughts, your actions change too.

“Then, how about buying you, CEO Oh, instead of the stake?”

“what do you mean?”

“Talking around doesn’t suit my temper.”

Jin Young-gi took a long breath and continued.

“Miracle’s stake is a whopping 16%. If… no if not. It is certain that the 7% stake of my brother’s classmates as collateral goes into the hands of CEO Oh, so now it is 23%.”

“As you may know, my philosophy is to clearly separate ownership and management. I won’t say a single word about Sunyang Group’s management, so don’t worry too much. Instead, at the end of the year, dividends or duduk can be given.”

“No, I don’t mean that. CEO Oh’s stake is not a stake in general affiliates, but a stake that can dominate the Sunyang Group.”

“Any stake in a joint-stock company can control the company. Do you see no big difference?”

The guy who couldn’t understand the meaning of his words trembled. Jinyoung-gi cleared his mind again.

“The difference is big. I give you 25% of Sunyang Group. You choose, taking into consideration the sales profit scale, brand, etc.”

“25%?”

“okay. I mean subsidiaries. I will leave the affiliates you want in your hands.”

“I am the CEO of an investment company. The professional manager of the formal cruiser refuses.”

“It’s not to show off to anyone. Literally leave everything to you. Just like my brother is doing now. I will entrust everything, including personnel rights to affiliates, management methods, and business directions. How is it?”

Oh Se-hyeon knew what Jin Young-ki was up to, but thought it was natural for him to show a surprised reaction at a time like this.

“Are you serious?”

“I don’t have enough free time to joke about the company.”

“You may regret it.”

Although Oh Se-hyeon’s answer was ambiguous, there was a possibility of accepting it.

“I will give you as much as I have, but what regrets…”

“Did you forget that I am an M&A expert? 25% of the Sunyang subsidiaries could be broken up and sold off. There is no need to bother with management.”

It was a harsh word, but I didn’t express it. Even if you really sell all affiliates, you just have to raise them again. However, the opportunity to occupy the chairmanship does not come often.

Jinyoung said with a big smile.

“I don’t argue with what you gave me. Whether you sell it or lose it, CEO Oh, you do what you want.”

Oh Se-hyun also smiled at Jin Young-gi’s cool answer.

“Maybe it’s because they’re brothers, so they’re really alike.”

“huh? what?”

“The vice president of Vibrator made the same suggestion. Although the expression method is different, isn’t this what the two of you want? Join me and drive one of my brothers out of Sunyang! haha.”

When Oh Se-hyun burst into a cool laugh, Vice Chairman Jin Young-ki couldn’t get angry. All I could hear was a smile on my face.

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