Chapter 104

Chapter 104

Taeseong Group Executive Meeting (1)

“Saying will observe Taeseong’s affiliate executive meeting?”

Grandfather of course even Secretary Kim and President Shim opened eyes round.

“What is the reason for urgently convening the executive meeting today?”

“Well to discuss which U-gwang affiliates to acquire.”

“So I have to attend. The affiliates to acquire as my share, not even giving the opportunity to watch sucking fingers behind?”

Grandfather couldn’t refute my words.

After a long sigh, the words were only such.

“Jeong-hyeok, you are eight years old. What eight-year-old kid saying will observe the Taeseong Group executive meeting······.”

“Nothing that can’t be done?”

I grinned.

“Curious what U-gwang’s prime affiliates are, and want to hear Taeseong Group executives’ opinions, and want to see the basis materials they prepared.”

“Ha······!”

“Actually not deciding to acquire U-gwang affiliates right away today. No reason that can’t?”

“Do you know U-gwang Group affiliates are objects that cost one or two pennies?”

“So. Even when buying one bag of bean sprouts at the market, look at this and that and buy, if a matter of acquiring affiliates of tens or hundreds of billions, have to look at this and that more carefully.”

I added in a subtle tone.

“Even if calling a meeting, ultimately only the level of sorting acquisition candidates, and the decision will be made later at the affiliate president group meeting or grandfather will decide?”

“That’s so but.”

“Then what’s the problem?”

Before the words ‘your age is the problem!’ came out again, I struck first.

“Not that I have speaking rights. So I’ll just close my mouth and sit quietly.”

“Hmm.”

“Please allow observation, grandfather. Okay?”

From grandfather’s mouth, a low groaning sound flowed.

Secretary Kim opened his mouth.

“As the Young Master said, saying won’t disturb the meeting, no particular matter that would become a problem?”

“Sitting an eight-year-old kid in some chaebol group executive meeting? Does this make sense?”

“Honestly does anyone care who attends during the meeting time?”

Secretary Kim pointed at the meeting materials prepared in advance.

“The matter executives have to pay attention to is the meeting agenda, Taeseong’s future, and issues related to their own affiliates. Time is tight just discussing that, would there be spirit to care about the Young Master?”

Because materials for reviewing the acquisition of U-gwang Group’s 41 affiliates, very thick.

No, not the level of a bit thick.

Tremendously thick. If saying a hardcover encyclopedia, a thickness that looks like several volumes.

“President Shim, how do you think?”

Grandfather’s head turned toward President Shim this time.

“Chairman, if thinking early education, nothing that can’t?”

“Early education?”

“Isn’t it a matter the Young Master has to experience someday?”

President Shim also opened his mouth.

“Others volunteer taking children to America for study saying English early education. From old times, yangban families taught the Thousand Character Classic at three years old?”

“Ha, even so. Sitting in the affiliate executive meeting saying management early education to an eight-year-old grandson who is not even a successor?”

“Said one aspect of chaebol family management education, who would dare argue. I’ll directly question that guy.”

Grandfather let out a low laugh.

“President Shim, didn’t know even you would agree to Jeong-hyeok’s executive meeting attendance.”

“This also seems the chairman’s fortune. Where is there a common matter of obtaining a grandson who shows interest in the company’s going situation at such a young age.”

“Yes, if Taeseong’s blood, have to show that level of sprout!”

Finally grandfather nodded.

“Good. Then allow observation at today’s Taeseong Group all affiliate executive meeting.”

“Thank you, grandfather.”

“But as promised, just watch quietly.”

“Of course.”

“If disturbing the meeting, will chase out immediately so know that.”

“Yes. Will be quiet. Shall I even hang a pinky finger?”

Honestly I don’t believe pinky finger promises or something······, huh?

“Promised.”

Grandfather personally unfolded my finger and hung the pinky finger and shook.

“This decision today, won’t regret. Can promise.”

I jumped down from the reception room sofa with a hop.

Neatly folded the paper put on the reception room table and put in the coin wallet.

Except only the three-page contract regarding the Taeseong Chemicals acquisition merger.

I held out that three-page contract to President Shim.

“President Shim, later at the executive meeting, please mention this.”

“What?”

“This special provision here.”

The special provision I pointed was this.

Until share organization finishes, Taeseong has the priority negotiation right.

“Ah, Taeseong Chemicals reacquisition negotiation!”

“The meaning of not only hanging on U-gwang Securities then but also hanging on U-gwang Construction.”

“Yes? U-gwang Securities caught as collateral is so, what relation does U-gwang Construction have with Taeseong Chemicals reacquisition?”

“Where did the bills needed for acquiring Taeseong Chemicals shares issue?”

“Well U-gwang Construction······, wait. Young Master, this surely······!”

As expected President Shim!

As soon as said, understands so no need to explain in detail.

“Oho, with this can entangle even U-gwang Construction! Hahaha! As expected my child is the best!”

Of course grandfather who understands right away and bursts into laughter.

“The Young Master had all plans. Indeed a big picture.”

Even Secretary Kim who nods with a contented expression!

This all people who understand words well so no need to explain, good!

“Grandfather, then let’s go. The executive meeting is being too late.”

“Yes, okay. Let’s go!”

I ran with a slurp and tightly held grandfather’s hand.

“Looking forward.”

“Might be boring. Not a place that ends laughing and chatting. If the meeting lengthens, even two hours fly.”

Who doesn’t know that and doing this?

“Secretary Kim, then the executive meeting materials, please my share too.”

“Understood. Anything more needed separately?”

“Red colored pencil?”

“If anyway, will take care as a 12-color gift.”

Grandfather snorted a laugh.

“Thought well. Will be boring sitting so drawing pictures and playing would be good.”

No, who draws pictures leisurely in that precious time?

‘How much to see and hear and argue. For an eight-year-old kid, where is there a common place that can gauge the group executives’ skills.’

There’s no way to explain this?

‘Then shall I carefully watch what U-gwang Group’s prime affiliates that Taeseong Group is reviewing for acquisition are?’

A golden opportunity that can even inspect high-level information and materials hard to obtain separately on the market.

* * *

The all affiliate executive meeting held at the Taeseong Group headquarters conference room.

Proceeded more fiercely than thought, more tightly than expected.

Flutter.

I sat at the very back and watched turning the thick meeting materials.

Materials regarding the candidate group for reviewing whether to acquire U-gwang Group affiliates that the group executives investigated.

‘This is gold color, this is silver color, that is shit color.’

As many as specific information regarding U-gwang’s 41 affiliates.

After classifying into three types, decided to carefully familiarize from the priority materials.

Taeseong Group executives concentrated on the meeting.

“The contract regarding the Taeseong Chemicals acquisition merger can be said a divine move.”

“All stocks related to U-gwang are repeating plunge after plunge. There the situation that U-gwang Steel’s deficit is swelling like a snowball?”

“Heard contributing as much as 1 billion with no living and establishing the U-gwang Foundation and stepping forward for accident settlement? U-gwang’s cash flow would have reached the limit.”

“About to strip all the joint shares with U-gwang of as much as 15 billion in this opportunity. Organizing only complicated matters without spending one penny. This is amazing.”

“Became able to obtain even U-gwang Securities as a bonus. If before stocks plummeted, a securities company that has to give close to 20 billion, the fourth largest in the Republic of Korea.”

Every time Taeseong Group executives opened mouths excitedly, grandfather’s mouth corner kept twitching.

Seemed unable to stop twitching every time looking at me.

That was the same for Secretary Kim and President Shim.

No, these gentlemen?

Said a very important meeting?

Said a situation that gathered all affiliate executives?

“How many pyeong of Gangnam land that U-gwang Construction bought whenever succeeding apartment sales, seeing all?”

“Definitely those guys bought land in advance expecting they would take charge of the subway line 2 construction.”

“Most are commercial building sites, or apartment sites that finished even shantytown demolition. Prime land.”

“On the occasion that the behind of the U-gwang Chemicals arson instigation was revealed as President of U-gwang Construction, U-gwang Construction is repeating plunge after plunge every day.”

“If acquiring U-gwang Construction at this time, what would happen?”

President Shim raised a hand and obtained speaking rights.

“Just in time when negotiating the Taeseong Chemicals acquisition, decided to issue the bills at U-gwang Construction. See this?”

What President Shim was holding was the three-page Taeseong Chemicals acquisition merger contract.

“The priority negotiation right is with our Taeseong. Of course the same regarding Taeseong Chemicals’ bills.”

President Shim grinned.

“Everyone seems to have paid attention only to U-gwang Securities, but U-gwang Construction also can’t be free from this contract.”

“Ah!”

Taeseong’s affiliate executives greatly admired.

“Since Taeseong Chemicals share organization wasn’t done, the priority negotiation right regarding U-gwang Construction is also with Taeseong!”

“The bill issuing place is U-gwang Construction. Since a problem arose in bill payment, this agenda also naturally has to go up on the negotiation table!”

“By any chance if U-gwang Construction becomes bankrupt, becomes more advantageous. Then seems able to bring at a complete cheap price, no, shit price!”

Taeseong Group executives laughed making sounds.

There were even executives who threw status and face and sent applause and cheers.

“That the snatch negotiation of Taeseong Chemicals had such a plot! Just admiring!”

“Yes, this is really excellent! Without predicting today’s matter already then, how proposed such a contract!”

“Knew President Shim was competent, but didn’t know this great. How many of U-gwang’s affiliates swallowing empty-mouthed? Hahaha!”

“Our Taeseong’s future is very bright! In this opportunity, let’s increase affiliates a lot! Hahaha!”

The affiliate executives are sending applause toward President Shim.

Grandfather and Secretary Kim were hanging mouth corners on ears and looking only at me.

President Shim was also glancing at me and scratching the back of the head as if sorry.

These gentlemen really! Not managing expressions?

* * *

Taeseong Group executives whose desire gauge was filled with full power began proposing U-gwang affiliates to acquire this time.

“Will propose the acquisition of U-gwang Automobile!”

It was the eldest uncle.

Then Taeseong Automobile executives added strength to the U-gwang Automobile acquisition claim while mentioning specific figures.

“The Republic of Korea recorded high growth exceeding an annual average of 10%.”

“Last year per capita national gross production exceeded 1,000 dollars.”

“Expecting a my car craze will blow soon.”

“Referring to advanced countries’ precedents, and looking at the Republic of Korea’s automobile penetration rate, the prospect of the automobile industry is very bright.”

Tsk tsk, what to do this.

‘U-gwang Automobile is shit color.’

Because of the second oil shock, automobile companies around the world start chain bankruptcy like dominoes.

The major automobile companies of America GM, Ford, Chrysler never recover the damage received at this time forever after.

Only Germany and Japan, America who bet their lives on fuel efficiency improvement barely endured, in several countries such as Britain the automobile industry almost collapses.

‘Soon unable to avoid the automobile industry integration measure called the fifth republic’s blunder.’

In the past the eldest uncle had to suffer greatly.

Enough that Taeseong Automobile’s deficit swelled like a snowball and had to consider sale.

For that reason the eldest son stepped down from Taeseong Automobile.

‘If acquiring U-gwang Automobile, won’t avoid bankruptcy.’

In the past because couldn’t acquire U-gwang Automobile, ended at receiving damage enough that Taeseong Automobile staggered.

I struck a large X with the red colored pencil on the U-gwang Automobile document.

“Also intending to propose the acquisition of U-gwang Oil Refining.”

“President Cha’s words are right. The combined product of Taeseong Automobile and U-gwang gas station gained popularity.”

“Expect the synergy effect between affiliates will be large.”

I shook my head this time too.

‘Aigo, U-gwang Oil Refining is shit color the same!’

When the second oil shock burst, why did America’s Gulf strip the Korea Petroleum Corporation shares accepting loss.

Because the government shouted national economic stability and pushed all the loss according to the oil price surge to companies.

‘When the second oil shock, U-gwang Oil Refining went bankrupt completely. There’s no way to explain this?’

I drew an X with the red colored pencil on the U-gwang Oil Refining document.

Not once, drew continuously three times.

The eldest uncle obtained speaking rights once more.

“Hope to consider U-gwang Heavy Equipment too.”

Eh, why does the eldest uncle pick only companies that will go bankrupt every time opening the mouth!