Chapter 106

Chapter 106

Taeseong Group Executive Meeting (3)

Taeseong Group executives’ gazes poured toward father.

It was quiet urging.

Father opened his mouth.

“I told His Excellency about the possibility of a second oil shock.”

“Oil shock to His Excellency?”

“Surely the meaning that another oil shock occurs?”

The entire conference room that was quiet stirred.

“Nonsense speculation!”

“When was the oil shock past that such a matter would happen again······.”

“Would OPEC (Organization of the Petroleum Exporting Countries) watch that appearance?”

The eldest uncle asked.

“You’re not a kid who would spout nonsense out of the blue. Where did you catch the sense?”

“The entire Middle East region was noisy.”

“The Middle East was always noisy. Then and now.”

“Precarious enough that even if a Middle East war or Islamic revolution bursts again right now, it wouldn’t be strange.”

The second eldest uncle rested his chin and laughed.

“His Excellency believed that?”

“Yes.”

“His Excellency listened carefully to the personal opinion of a mere construction company executive director? That’s a bit strange.”

At the second eldest uncle’s words, Taeseong’s executives nodded and agreed.

“When an uncommonsensical matter arises, there is naturally a basis that can be convinced. Seong-jun, what would that be?”

“When I obtained construction orders in the Middle East and progressed the construction, asked about the circumstances I saw and heard.”

Father summarized only the core of the matters he experienced in the Middle East and said.

“The money earned with oil is so much, but only the royal family and some power class were enjoying that money. The rich get richer and the poor get poorer due to that reached the extreme.”

Even if everyone can’t live well, can endure and live, but if only that guy lives well, don’t even want to see the appearance.

“It was right before a riot occurred. Especially Iran’s situation is not ordinary.”

Pointed properly.

The dissatisfied force that arose in the Middle East caused the Iranian Revolution and brought about the second oil shock.

“If Iran, one of the major oil-producing countries that produces 6 million barrels of oil a day!”

“With the last oil shock, Iran saw enormous economic gain. Per capita national income exceeded 2,300 dollars from 570 dollars in a few years. That enormous wealth was monopolized by the Pahlavi dynasty and a few high-ranking power class.”

As father spoke, Taeseong Group executives’ expressions hardened.

“One side consumption power overflows, but the countryside collapsed and small and medium merchants also chain bankrupted. As oil prices stabilized and experienced a severe recession, dissatisfaction with the monarchy is soaring.”

Taeseong Group executives were surprised and looked at each other.

“If a riot occurs in Iran and oil supply is paralyzed, oil prices can surge.”

“As much as there is an outstanding Islamic leader called Khomeini in Iran, the possibility of even surrounding countries being swept up is high.”

Grandfather asked.

“If speaking in case a riot occurs in Iran or a Middle East war breaks out again. If another oil shock occurs, what happens?”

“Will suffer much more serious damage than when the oil shock occurred a few years ago.”

Taeseong Group executives picked words in a serious tone.

“In the Republic of Korea, not one drop of oil comes out. On the other hand, Taeseong is concentrating on heavy industry businesses based on oil.”

“Now Taeseong’s annual manufacturing growth rate is exceeding 20%. Most of that comes from heavy industry.”

“A few years ago Taeseong’s heavy industry proportion wasn’t this high so somehow tightened the belt and endured but······.”

“As now, if oil prices surge as much as then, won’t end with selling one or two affiliates.”

“If oil dries, the money line also dries. If raw material prices surge and dollars dry, the export path also dries up.”

“In the worst case, might have to prepare for chain bankruptcy.”

To the extent that Taeseong Group executives’ complexions changed, the agitation became severe.

“Hahaha, a matter that hasn’t even burst yet, why regarding so seriously?”

The eldest uncle looked around the executives and said.

“Taeseong has been carefully watching the Middle East’s situation that imports oil and the movements of major oil refining companies all along.”

The eldest uncle looked around the sunk conference room.

“If felt the sign of an oil shock, wouldn’t major oil refining companies have withdrawn feet first? But showing movements no different from usual. The sound that the possibility of an oil shock occurring is low.”

“Just groundless worry? Then the meaning that His Excellency was swept up in a greenhorn’s conspiracy theory with low occurrence possibility and gave the Blue House luncheon invitation?”

The second eldest uncle snorted.

“Isn’t it that have to prepare countermeasures preparing for danger first? Only the one who prepared winter preparation firmly can survive the long and long severe cold.”

Bang bang bang!

Grandfather struck the podium.

“Not the sound of telling you guys to fight among yourselves! Jeong-hyeok only reminded the risk factors that we have to consider when acquiring!”

Taeseong Group executives were startled and looked back at me.

“Jeong-hyeok, so how is your thought? Do you think a second oil shock will occur?”

Grandfather’s intention was too clear so ended up snorting a laugh.

“Why asking me that? Have to ask an expert.”

“Expert?”

“Everyone has one string each? Foreign Ministry, Middle East embassies, Blue House secretary’s office and planning office, media companies that dispatched reporters to the Middle East, foreign news broadcast stations and university professors related to the Middle East etc.”

My age just eight years old.

Too young to claim the weight of my words.

Rather borrowing the authority and view of an expert is easier and faster and simpler.

“Come to think of it, obtained information that the Blue House planning office is reviewing multi-sidedly cooperating with university economic research institutes regarding the possibility of an oil shock.”

“I also heard a bit of stories that flowed between Middle East embassy employees and Foreign Ministry employees. Heard the Blue House sent an official document to carefully watch the Middle East side.”

“There was also the sound that Korea University professor staff were called to the Blue House. Was it economics, Arab, politics, sociology professor staff?”

Before long, an atmosphere of carefully examining the possibility of an oil shock formed among Taeseong Group executives.

“Certainly if the appearance going around to this extent is not ordinary, seems need to consider even regarding a second oil shock.”

“If the Blue House moves quickly to this extent, might the matter burst soon?”

“Seems a matter worth reviewing certainly.”

The eldest uncle sighed.

“Chairman, an oil shock that doesn’t know when will occur shouldn’t affect the affiliate acquisition negotiation. There is a good method.”

“What is that?”

“Like Taeseong Chemicals, acquiring as quickly as possible.”

The eldest uncle grinned.

“Once becomes Taeseong’s affiliate, can split and sell or grow and sell or merge.”

Aigo! When the economy is that bad, even if trying to sell, can only receive shit price!

The words that buying at a cheap price and selling at a shit price is a loss!

“Wouldn’t that be enough as firewood to endure the midwinter cold?”

The second eldest uncle smiled narrowing eyes.

“Minus. Calculated wrong again, older brother.”

Bang bang bang!

Grandfather struck the podium.

The murmuring sound stopped all at once.

“Our Jeong-hyeok’s speaking rights haven’t ended yet! Jeong-hyeok, now only the last question remains.”

Eh, the question I originally intended to throw was another!

If like this, seems will push acquisition merger hurriedly according to the eldest uncle so can’t help!

“Can’t delay the acquisition timing a bit?”

“Delay the acquisition? Why?”

“Anyway if the stocks to buy entered a plunge market, better to wait a bit more and buy at a shit price rather than buying at a cheap price now.”

If the reason I’m doing this, nothing special.

Because can acquire more affiliates with the same money.

‘No thought of selling household goods to feed even the extra family when the oil shock hits.’

Grandfather snorted a laugh.

“Jeong-hyeok, that is not easy like words.”

“Why?”

“Because if the prey falls, a hyena pack will rush. Taeseong has no thought of eating only the meat scraps left after others eat.”

“Strange. Completely different from the words President Shim said before?”

I deliberately tilted my head and pretended not to know.

“Even though grandfather publicly announced handing Taeseong Chemicals, said only the acquisition negotiation takes a long time. Said doesn’t know if half a year or several years. Not so?”

“······Eh?”

President Shim was thinking of selling Taeseong Chemicals’ objects and diverting assets behind while the acquisition negotiation progresses.

“The advantageous the more time is dragged is Taeseong?”

Taeseong has money.

The priority negotiation right is also with Taeseong.

On the other hand, U-gwang becomes disadvantageous as time goes.

Public opinion too, fund situation too, internal situation too, dealing with the hyena pack gathering saying will tear.

“Can’t bookmark U-gwang’s prime affiliates and adjust the acquisition conditions and wait until becomes a shit price?”

Instantly silence flowed in the conference room.

Without even a slight movement, without sound, all eyes were looking only at me.

I grinned.

“Said doesn’t know if the oil shock will burst?”

Until the oil shock, not even 1 year remains.

Even if U-gwang sinks, endures that much and still remains.

There is another reason.

“Isn’t negotiating the acquisition with that son better than Chairman Kim?”

Even though Chairman Kim of U-gwang stepped down from the head position, will clearly act solidly behind.

Because stripping a greenhorn is easier and faster and simpler than stripping a shrewd snake.

“If a greenhorn chairman who just rose to the head position, will have to prove skill with visible achievements in the noisy situation inside and outside.”

Stand up!

Father couldn’t endure and stood up from the seat.

“The meeting already ended, and observation also seems ended around here, so we will go first now.”

Grandfather said urgently.

“Jeong-hyeok won’t go after drinking one cup of double flower tea with grandfather?”

“Want to eat with father.”

I pushed the materials numbered the U-gwang affiliate acquisition priority to Secretary Kim and jumped down from the chair with a hop.

Father who walked with big strides held my hand and bowed greeting.

“Jeong-hyeok.”

“Stay well.”

I also put both hands together and did a navel bow.

I held father’s hand and left the conference room without looking back.

* * *

Murmur murmur.

Even though the meeting ended long ago, Taeseong Group executives couldn’t leave the seats.

“There is reason. Looking now, Young Master Jeong-hyeok, a very intelligent person.”

“Pierced the core intuitively enough that the age of eight years old is colorless. Surprised pointing what couldn’t examine.”

“This Taeseong’s future is bright. Hahaha!”

“Insight is that excellent so seems good if attending the next executive meeting too. Shall I propose once?”

Taeseong Group executives were overflowing with desire.

“Then let’s point the pros and cons when dragging the acquisition negotiation and go over.”

“Seems have to review combining the oil shock countermeasure establishment and the U-gwang affiliate acquisition problem too.”

“Establishing short and long-term investment strategies and examining multi-sidedly also can’t be omitted.”

“Thanks to one smart Young Master, the mind flashed. Have to strive so that not ashamed sitting in the executive seat. Hehehe.”

There were several people taking out pens and memoing in notebooks.

In the end, even started a full-scale meeting rummaging the meeting materials.

The speed of opinion exchange between executives and presidents by affiliate became faster, and the more so the murmuring became larger.

“What are you guys doing? Said the meeting ended! Not going home? Will stay overnight here like this?”

Unable to endure, Chairman Cha struck the podium with a bang.

“Until the next affiliate president group meeting, finish sufficient discussion and review regarding this with the executives and gather.”

“Will take care of only this remaining and discuss ourselves.”

“Don’t know! Above dissolve! Whether discussing or not, that’s your circumstances!”

Grandfather came down from the podium and looked around.

“President Shim, see me a bit. ······Hmm?”

President Shim had already fled and was not there.

Secretary Kim who was reviewing the meeting materials Jeong-hyeok left and continuously exclaiming low quietly reported.

“President Shim followed Young Master Jeong-hyeok.”

“President Shim? Followed Jeong-hyeok not Seong-jun?”

“Received one note from the Young Master.”

“Note?”

Chairman Cha clicked his tongue.

“This became regrettable. In the momentum, was going to request something to President Shim.”

“Request?”

“Jeong-hyeok.”

Chairman Cha smiled contentedly.

“That what, management early education? Wanted President Shim to take charge of that.”