Chapter 105

Chapter 105

Taeseong Group Executive Meeting (2)

Said if the meeting lengthens, even two hours fly.

‘Really meeting for over two hours. Don’t these humans get tired? Why so many words to say?’

Is the problem that desire rose excessively.

Became like this after knowing that about to eat U-gwang Chemicals, U-gwang Securities, U-gwang Construction for free.

Taeseong Group executives began burning greed emitting nose breath.

“How about U-gwang Textile? Others are just so, but regarding polyester, domestic highest level.”

“U-gwang Shoe is also not bad. A fake of the prince brand rubber shoes but the mom brand sneakers hit quite a bit.”

“U-gwang Mining also seems okay. As briquette boilers became widely supplied, in winter briquettes sell like hot cakes as soon as printed.”

These businesses are not bad.

However in the point of short-term.

‘As the Republic of Korea’s industrial structure advances, textile and shoe that are labor-intensive industries in light industry will gradually enter declining industries.’

Because belonging to main products with quite large export contribution, gold color.

‘In the high oil price era, briquettes belong to relatively cheap fuel. Shines briefly during the oil shock, but enters declining industry as the government’s coal industry rationalization policy is promoted in the 80s.’

So gold color until now!

A business just right to roll well for a few years and resell at a high price.

‘Taeseong Group executive staff prepared a lot for the meeting.’

Even investigated materials up to specific figures diligently.

Moreover there were many cases where long-term prospects or blueprints regarding Taeseong’s future slightly showed in their own way.

‘Reliable!’

An atmosphere where executives share opinions frankly without being buried in ranking.

Grandfather of course even affiliate presidents are diligently playing pens and making memos a lifestyle.

‘Seem to know a bit how led the company until now.’

Everyone was diligent.

The second eldest uncle also actively revealed meaning in acquiring U-gwang affiliates.

‘Prepared as a plan that can expand the most under the same budget. Picking as many as 12 companies.’

Moreover all of them are silver color or weak gold color.

‘Very skilled in calculating gains and losses? Rolled the head a lot not to suffer loss.’

So regrettable.

‘The vessel is small. A rare good opportunity came, ending at increasing small affiliates.’

An opportunity hard to catch.

The opportunity to firmly tear U-gwang who was business world ranking 9th is not common.

‘At times like this, have to pick large ones and eat until belly bursts.’

Because grandfather knows that, nodded at the second eldest uncle’s words but didn’t rejoice greatly.

The second son’s ability might be used well if the company stabilizes but now was a time to expand the business.

Conclusively a feeling of putting more weight on the eldest son’s words.

“How is Taeseong Department Store’s opinion? You guys will also nag to acquire U-gwang Department Store?”

“Won’t eat U-gwang Department Store even if given! Hmph!”

The aunt snorted flinging the bob hair.

“Rather if acquiring U-gwang Newspaper, U-gwang Broadcast, U-gwang Theater, might not know again.”

Felt even when shopping.

The aunt’s shopping standard was truly simple.

Pretty or not pretty, matching or not matching, picked clothes and miscellaneous goods according to that.

The U-gwang affiliate acquisition standard was also similar.

‘Sorted companies to acquire based on whether can spread Taeseong’s influence and word of mouth or not.’

U-gwang Newspaper shit color, U-gwang Broadcast shit color, U-gwang Theater gold color.

‘The first thing the next regime did was the media consolidation measure.’

The media consolidation measure is a media control policy implemented through the National Security Emergency Measures Committee.

Under the pretext of media structure improvement, a plan to organize the proliferation of newspaper companies and broadcast companies, communication companies and introduce a public broadcast system.

But the reality was the intention to dismiss media people resistant to the regime and make the media conform to the system.

Thanks to that U-gwang Newspaper closes the door, and U-gwang Broadcast is consolidated into a state-run broadcast and taken away.

‘If the 90s, might not know. As now, newspaper and broadcast stations are easy to receive a iron hammer just by holding.’

I drew X with the red colored pencil on U-gwang Newspaper and U-gwang Broadcast continuously this time too.

“Any other opinion from Taeseong Construction?”

“None.”

Father was only listening silently, no way of opening the mouth differently.

“A process of gathering opinions, have to show the sincerity of participating. Speak.”

“What would a greenhorn like me know?”

Father’s voice was humble.

“Until just last year I was only Taeseong Construction executive director, and because wandered local and Middle East for a long time, don’t know so.”

“You are also Taeseong Construction president now. If president, have to show direction like a president. Even a greenhorn can dream Taeseong’s future.”

“Came in thinking of U-gwang Construction, but that seems President Shim will take charge and acquire so won’t add long words.”

Father picked words.

“Still if thinking of Taeseong’s future, how about reviewing U-gwang Hospital and U-gwang Pharmaceutical, U-gwang Research Institute, U-gwang Scholarship Foundation among U-gwang Group affiliates.”

U-gwang Hospital and U-gwang Pharmaceutical are dazzlingly shining gold color.

‘Located in a place with good accessibility and linked with Japan’s Waseda Hospital and reborn as the domestic number 1 anticancer specialized hospital.’

Germany and Japan were famous as anticancer advanced countries.

‘U-gwang Pharmaceutical pays technology agreement royalties with Japan’s Yougi Pharmaceutical and holds several hit products on the pharmaceutical side.’

On the other hand, U-gwang Research Institute and U-gwang Scholarship Foundation were pitch-black shit color.

“Paid attention to the business of saving people, the business of saving the country.”

“If thinking of Taeseong’s future, think a place worth investing.”

“A place that doesn’t make money right away and only has to invest. How will cover the insufficient funds?”

“Is Taeseong that poor?”

Father answered calmly.

“Even if starving today, have to leave seeds to farm next year. If thinking investment for the future, nothing that can’t?”

Regarding this, Taeseong Group executives’ opinions split greatly.

“Isn’t U-gwang Research Institute a money-eating hippo? Compared to doctors’ salaries and investment funds, the performance that comes out is snot?”

“U-gwang Scholarship Foundation? Several hundred million won goes in every year saying scholarship, but the money given to students is only several million won, a hotbed of private school corruption? Need a money laundering place?”

As much as opposing opinions, agreeing opinions’ voices also rose.

“If technology development and investment, isn’t it Taeseong? Have to invest in technology development betting life. Have to acquire U-gwang Research Institute.”

“Anyway have thought a time to put strength in talent cultivation to supply quality manpower. If a private school that U-gwang Scholarship Foundation holds, quite okay.”

Hmm, our father pulls aggro well in a strange place.

Actually father’s choice is not that bad.

‘Probability is half, the result is also extreme.’

The executives’ support toward father also divided into both extremes.

“Considering Taeseong’s future growth, investment for the future is absolutely necessary.”

President Shim especially belonged to the axis that enthusiastically supports father.

“Insufficient funds can be supplemented by growing other affiliates. But continuous growth can’t be expected from a company that doesn’t think of the future.”

Could know why President Shim chose father.

“Think a matter that must review in the point of presenting directionality thinking of Taeseong’s future.”

President Shim had an outstanding ability in growing businesses.

As an example, grew Taeseong Chemicals into a 30 billion business in 7 years based on 1 billion business funds.

‘If President Shim, a person suitable to complement father’s shortcomings. Seem to know why grandfather attached President Shim to father.’

Of course if serving a superior who throws largely with no retreat like father for a long time, won’t avoid dying a violent death from overwork and blood pressure, but.

Well if the person likes it, that would be fate too.

Bang!

Grandfather struck the podium and gathered the attention of the seats.

“Stop. Affiliate acquisition is a grave matter where Taeseong’s future hangs. Not insufficient even if carefully reviewing and reviewing again.”

“Yes, chairman.”

“Well heard the executives’ meanings, so will finish the specific discussion at the affiliate president group meeting.”

“Yes, understood.”

The all affiliate executive meeting gathered for that.

A place to hear each affiliate’s hardships and future plans, circulate the U-gwang affiliate acquisition review materials, and gather meanings and converge opinions before discussing specific matters.

That was the purpose of today’s affiliate executive meeting.

“With this much, the words that have to come out seem all came out.”

The sound of finishing the meeting.

Grandfather looked around the executives and met eyes with me.

I showed bowing my head.

Put the red colored pencil well into the 12-color colored pencil case.

Because finished all the work of numbering the U-gwang affiliate materials from acquisition priority 1 to 41.

“Because a meeting with many things hanging, everyone’s heads would have been complicated. Sometimes a time to organize thoughts a bit more simply would be needed too. Jeong-hyeok.”

“Yes?”

Called out of the blue so answered inadvertently.

“How is your thought?”

“Me?”

Eyes became round automatically.

I poked my chest with the index finger.

“I don’t have speaking rights today?”

“Observed kindly and quietly. If observation ended, have to hear one word of impression announcement.”

In front of so many people like this?

Wasn’t it that you received the promise of closing the mouth even hanging a pinky finger because don’t like me acting up?

“Chairman!”

Father was surprised and opened his mouth.

“Just an eight-year-old kid.”

“Does an eight-year-old kid have no brain? If Taeseong’s future, even a greenhorn can dream.”

“Chairman, making too excessive a demand on Jeong-hyeok. Jeong-hyeok today just······.”

Grandfather personally laid the board, can’t disappoint.

“Good. I’ll do, observation impression announcement.”

Decided to open the mouth before father becomes more troubled.

What’s so difficult about this.

“Three. Arose things I want to ask the executive uncles.”

“As many as three?”

I counted fingers.

“First, a matter where large money goes in, why is there no person who reviews acquisition dividing into long-term and short-term?”

Affiliate acquisition merger is also a kind of investment.

Investment needs to be thought dividing into long-term investment and short-term investment.

Long-term investment is like blue-chip stocks held for a long time, short-term investment is like surging stocks aiming for market price difference profit striking when rising sharply and exiting.

“······!”

The sound of organizing documents in advance to go out when the meeting ends stopped abruptly.

There was even an executive who took out the fountain pen that closed the lid and memoed again.

“Certainly so. While putting heat into sorting U-gwang prime affiliates······.”

“Ahem, if anyway, just in the thought of acquiring U-gwang’s affiliates combining mid to long-term investment······.”

“Hearing, there are M&A specialized companies in foreign countries too. Companies that acquire insolvent companies and after restructuring and industry organization, split and resell expensively.”

“Heard profitability is very good. Buying and reselling U-gwang affiliates is also not bad?”

Not a company grown with effort for a long time so no attachment when splitting and selling.

The gazes focusing on me gradually increased.

Whether so or not.

I counted one more finger.

“Second, why deciding whether to acquire under the assumption that the market situation will be similar?”

Soon the second oil shock will burst?

“Wouldn’t it be that have to review dividing into when adverse factors are expected and when not?”

One of the executives snorted a laugh.

“The Young Master is young so doesn’t know well.”

“You stay still! The person who has speaking rights now is Jeong-hyeok!”

Grandfather blocked the mouth of the executive who seemed to have many words to say and opened his mouth instead.

“Jeong-hyeok, the market situation was always fluid. Would we not have considered such things too?”

“When the oil shock burst a few years ago. How was it then?”

Taeseong also staggered greatly at the unexpected world event level adverse factor.

“Th, that······.”

A few years ago, as the Middle East war burst, the whole world suffered from the oil shock that burst suddenly.

When Korea was struggling with high oil prices, would Taeseong not have tightened the belt.

At that time, was it three or four of Taeseong’s affiliates that had to resell holding tears.

“Heard our father received the Blue House luncheon invitation. By any chance is there a person who knows why received?”

Well could receive because acknowledged the possibility of the second oil shock hinted to the president.

People’s gazes focused on father all at once.