[292] Banthing on good terms? 3
“You really bring out all my stars. Okay, what does Chairman Lee want? Just open up and say it.”
“cement.”
Chairman Joo Tae-sik jumped up and showed disapproval.
“Oh, this is my friend. That’s not allowed. Cement should be left to feed my little brother. At least he’s a guy who makes some money, but if you take it all away, only chaff remains.”
“If it’s your younger brother, the chairman of the residents’ ceremony…?”
“okay. Even if he’s an ugly guy, he’s bloody. Can’t we just live as unemployed and be left to play idle roles?”
“Then, please add more general design and rotem. I won’t ask for more.”
“Rotem?”
Daehyun Rotem, a company that suddenly popped out.
Daehyun Rotem is a company in the field of railroad vehicles and defense industry. It was natural for Joo Tae-sik, chairman of the automobile affiliate, not the construction division, to show a strange expression.
“The defense industry is a net business, so I’m not asking for it. Pass only the rolling stock section.”
Chairman Joo Tae-shik did not accept it easily. It’s not a very profitable business, and it’s not a big company, so it’s not a company to be greedy for.
I was curious as to why you would want that.
“Are you going to take the railroad when the HW car is already following you and shrinking? Hey, he’s a friend like a robber.”
“older brother. I am not involved in the car in the slightest. Someone like that kind of asked for it. Do you want to secure railroad vehicle technology? My name is the president, so please save face. Isn’t that a big money-maker?”
In order to have an assortment of comprehensive automobile companies, supporting heavy industry is essential. The weakness of HW Automobile is the absence of heavy industry… President Cho Dae-ho knows exactly the weakness.
“Then let’s just take the Rotem. Leave the overall design behind. How is it?”
I put a few side branches up and down, but in the end I got what I wanted. Both of them.
“great. You do.”
Chairman Lee Hak-jae nodded happily and smiled. Now we have to confirm Chairman Joo’s promise.
“By the way, how are you going to organize your brother’s management rights?”
“I have to take over all the shares he has. as a condition for resolving this situation. It goes bankrupt and explodes in the air, but can my guy be sharp?”
“I believe there will be no setbacks.”
“Don’t worry. I will take over the stake, wrap the construction and the rest of the subsidiaries well, and hand them over to you. I beg you not to cut too many people off. Still, these are the ones who ate Daehyun’s rice for a long time.”
“I will take care of that. Restructuring is inevitable.”
Even if it’s empty words, I won’t say that I’m going to embrace everyone.
“Anyway… it’s a knife. If it’s only the president, it might be a bit dull…”
“What’s the use of pretending to be the president in front of my brother? haha.”
Seeing Lee Hak-jae laughing heartily, Chairman Joo Tae-sik frowned slightly.
“I’m worried about Sunyang. The vibrator friend… will lose his seat?”
“It’s a difficult time for younger siblings. I will leave at least one company. I have to earn a living.”
It was Chairman Joo Tae-shik who wondered what kind of company Lee Hak-jae was leaving behind.
* * *
“All of you dare…”
Vibrator Vice President Vibrator was unable to speak due to rising anger.
However, the bank presidents who surrounded him pressured him with a callous attitude, not caring about the feelings of Vice Chairman Vibrator.
“This is a prudent decision. Don’t speak carelessly. Vice President Jin.”
“It is not a problem that ends with Sunyang Construction. The entire Sunyang Group as well as other subsidiaries in the payment guarantee line will be shaken. You don’t think that the shock wave is taken lightly in our financial sector, right?”
“Did you forget the foreign exchange crisis 10 years ago? Several of the top 10 groups in the business world have disintegrated in the air because they do not have tens of billions of won. It’s only been 10 years. It is said that the bankruptcy of the trillion units is more than 100 times. Are you sure you can stop it? Vibrator Vice President!”
Vice Chairman Vibrator was at a loss for words, but he couldn’t bend down. Resigning from management is like saying to give up the group.
His father, Chairman Jin, had his henchmen sit down as scarecrows and converge when problems broke out, but what the financial sector is demanding now is the resignation of the entire management team.
If you can’t plant a henchman, or if you leave the company with the henchmen and the place is filled with creditors, it is impossible to return.
“Shouldn’t we at least give ourselves time to come up with self-rescue measures? Why the hell are you doing this?”
Vice Chairman Dong-gi Jin wanted to know the true intentions of the bank presidents. It was difficult to know whether it was a mere warning or a situation extreme enough to tear the company into pieces.
The head of Jinhan Bank, the main creditor, said.
“Shouldn’t we also survive?”
“what?”
“It’s not just Sunyang who treats you harshly. I have already notified Daehyeon of the finale. The bankruptcy of both groups threatens both of our banks. It is a matter of survival.”
“We are not talking about our personal survival. The bank itself is shaking. Also, can’t we go to the point where foreign capital encroaches on the financial sector?”
“Are these instructions from the Blue House?”
Vibrator was the question I wanted to ask the most. If Cheong Wa Dae gave him an ultimatum through the bank, he has no choice but to obey.
“The Blue House only repeated its position that it would never get involved. Do you know? If you expect any financial support from the government, give up.”
The ultimatum was right. You don’t even have to negotiate with them anymore.
The priority is to find a way to tie them down before the creditors take over the company.
“Please wait a week. Surely you wouldn’t refuse that amount of time, would you?”
Vibrator left without waiting for an answer from the bank president.
* * *
“They are right. The government got out of hand. They complain that they do not have enough money to raise small and medium-sized businesses. We and Daehyun decided that we could stop it at the group level.”
“Are you going to stop it?”
“That is the Blue House’s misunderstanding. To think of us as one family. Daehyun wouldn’t be much different, right? Rumors abound that Chairman Joo Tae-sik is determined to expel Ju Min-sik and then kills him.”
Vice Chairman Jin Young-ki looked as if he was watching a very interesting drama.
“Then what about your brother? Are you waiting for me to dry up?”
“of course. Why do I have to save you? Did you expect even a brother who has a lot of friendship to take care of his younger brother?”
Seeing his brother laughing and stabbing his stomach, he bit his lip on the vibrator.
“Sunyang General Chemicals, Sunyang Precision Machinery. I’ll get you two. And you and your family’s personal property will be taken intact. Instead, he gave up all of his group stock. Then I will take responsibility for this situation.”
Despite loud noises, Vice Chairman Jin Young-ki cannot stop the group’s insolvency.
Considering the restructuring of affiliates as a self-rescue measure, they will be condescending and take their time, and it is obvious that they will lobby hard to borrow money from the bank again. Losses will increase even more.
Vibrator didn’t feel the need to talk any more with his older brother, whose only purpose was to extort his stake. He found it better to go and negotiate with the biggest creditor.
I can only hope that the creditor is more generous than the brother.
* * *
“Vice Chairman Jin, I can’t touch the privately owned stocks… but the stocks in Sunyang Construction and Heavy Industries will be owned by our HW. Then, the subsidiaries and several affiliates lined up under the two companies will be in our hands.”
Brother wants Vibrator’s shares in construction and heavy industries, and shares in other affiliates owned by construction and heavy industries.
Even so, if bankruptcy occurs, the bank will start with a full reorganization.
“Chairman Lee. You can’t change your mind, can you?”
The vibrator didn’t want to hang on. I know very well that I am not the person who will listen to you just because you cling to me and beg me.
At least, he is a cool-headed and rational negotiator. I will not bring out the words that demand that I give up my shares unconditionally like my older brother.
“It doesn’t change. At least 25% of Sunyang affiliates can be eaten, but if you are attracted to recognition, you are not qualified as a professional manager.”
Vibrator is most afraid of this person.
Isn’t he the one who has a clear understanding of the governance structure of the Sunyang Group?
It is clear that the affiliates were numbered to see what they could bring first and the calculations were finished.
“I know very well that I will never give up my controlling stake in the group. So can you tell me anything? I have no choice but to tear them apart and bring them.”
Vibrator made up her mind and said.
“I will do everything in my power to stop it. You’re never going to get it easily. It will be a long fight and a lot of blood will be shed. My vibrator still has that much power.”
“I think that means that he will still extend his life by borrowing the power of the political world…. Will there still be power left? It’s an instant to turn their backs on them. You must be familiar with it, right?”
“If you want to check, try it. I’m saying let’s save each other’s sweat and blood. Say what you want. HW lacks heavy industry affiliates, so if you extend the bond, we can just give you a few related companies.”
Chairman Lee Hak-jae smiled.
“The glory of Sunyang was buried in the coffin when President Jin Yang-cheol passed away. If you still don’t know that, let me know.”
Chairman Lee Hak-jae put his smartphone on the table and turned on the speaker.
Two letters, Prime Minister, were clearly displayed on the LCD screen.
“Prime Minister. I’m studying.”
– Ah, Chairman Lee. What else? You’re not saying you’re going to play golf last weekend, right? haha.
“Aigo Prime Minister, golf is now over. The difference in skill is so obvious that I can’t even dare to fight for revenge.”
Listening to the friendly phone call, Vibrator’s expression hardened.
“Prime Minister. I have finished talking with Chairman Daehyeon Joo Tae-shik. Our HW will take over and save all construction affiliates. So there will be no fire spreading because of the Daehyun group.”
– That’s a good thing. Thank you. I was worried that another IMF-like situation would happen…. Have you finished organizing Sunyang Island?
“Not yet. There is no major difficulty in Daehyeon because the separation of affiliates is clear, but in Sunyang, the controlling stake is intertwined. Anyway, I will try to solve it as soon as possible.”
– Please. Even if you don’t, it’s not embarrassing because that friend of the vibrator went around the neighborhood. If you stop, I know that our government’s position has been clearly conveyed.
“It is because I am lacking. Prime Minister, I apologize for making you feel uncomfortable.”
– Oh no. On the contrary, we are thankful that the HW Group supports the collapsed construction industry. And as Chairman Lee said, I confirmed that Miracle brought in 12 billion dollars into Korea. Did we breathe thanks to you? thank you.
“He says everything. It is a natural thing to do to defend the exchange rate.”
– Then, please help me. Sunyang will continue to inform you. If the vibrator friend doesn’t listen, call me. Even the National Tax Service will mobilize and get rid of it. Even if you just wipe it with the palm of your hand, the old stains will come out.
After ending the call, Chairman Lee Hak-jae started looking at the vibrator with a smile.
“I think we will have to persuade the prime minister with the power of Vice Chairman Ja? Of course, you know that the Prime Minister’s will is the Blue House’s will, but…”
The vibrator turned white and I couldn’t take my eyes off the smartphone screen after the call was over.
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