Chapter 160

Chapter 160

Factory Relocation Plan (2)

Grandfather closed eyes for a moment and immersed in thought.

“Relocating Taeseong Chemicals to Yeocheon National Industrial Complex······.”

To not disturb I only drank ginseng tea slurp.

President Shim who flipped the thick documents stood up from the seat.

“Not everyone waiting blankly but review even the business plan the Young Master prepared.”

Anyway Taeseong Chemicals President Kang and Vice President Song were busy looking at documents mindlessly.

President Shim tapped Secretary Kim’s side table.

“Instead of tea one pack of tonic, how?”

Secretary Kim who was flipping the Yeocheon National Industrial Complex occupancy budget compilation table raised the head.

President Shim suddenly took out tonic from the dedicated refrigerator and threw to Secretary Kim.

Secretary Kim received the tonic written ‘Yongbongtang’ with an absurd expression.

“Why Yongbongtang in the office······. No, other tonics also seem many why of all this······.”

“Good for men, really good, no method to explain what?”

“······.”

Playfulness full on President Shim’s face.

“This precisely adults’ nourishing tonic! Is Secretary Kim a constitution that receives medicine effect a bit?”

Secretary Kim still not even one dust on the collar, neat enough not even one hair strand coming out though.

Caught the pupils shaking as if flustered beyond the silver glasses frame.

President Shim smiled mischievously and put a hand on Secretary Kim’s shoulder.

“After falling out with U-gwang overseas distribution network cut so doing overtime every day? Can’t enter home well?”

“That so but······.”

“Because not like others’ work so. I also overnight about five or six days a week.”

“Oh my god.”

“Today drink this and enter early. Tomorrow morning will receive 12-dish half table. Hehehe.”

President Shim playfully winked one eye.

But Secretary Kim shook the head.

“Will politely decline.”

“Why? This precious.”

“As know many things to prepare separately these days saying pioneering overseas distribution network.”

“Tsk tsk tsk, burying nose in documents every night and wrestling overseas distribution network that wasn’t arises instantly? Sending telegrams every day they make distribution contracts right?”

President Shim put an arm on Secretary Kim’s shoulder and lifted the chin toward me.

“Rather asking the Young Master faster?”

“Yes?”

“Somehow today seems Young Master Jeong-hyeok will solve even Secretary Kim’s difficulties at once?”

“Yes?”

“If Secretary Kim overnighting to the extent certainly a problem the chairman immersing in.”

“Surely······!”

“Don’t know our Young Master Jeong-hyeok? In this direction no ghost separate.”

Secretary Kim abruptly turned the head and looked back at me.

Whether so or not.

President Shim smiled brightly and rummaged the refrigerator.

“As expected for the chairman ssanghwa tea······.”

“Grandfather now no spirit to leisurely drink warm with two egg yolks floating?”

I smiled brightly.

“Let’s do Chongmyeongtang.”

“As expected our Young Master! Excellent choice. Especially good for memory enhancement and concentration improvement?”

President Shim took out, I put in grandfather’s mouth.

Grandfather was mindless looking into the Yeocheon industrial complex factory relocation business plan I wrote frowning the brows.

Reflexively sucked slurp slurp and drank and let out a long sigh.

“Why of all Yeocheon? If relocating the factory anyway better Ulsan.”

Grandfather reseated me.

“Jeong-hyeok, Yeocheon industrial complex composition not all finished yet. This connects with the meaning future value uncertain going forward.”

Know.

“The government ambitiously pushed industrial complex construction, but if large companies ignore will become a failed industrial complex, then Taeseong Chemicals’ damage quite large going forward.”

Why wouldn’t I know that.

Can’t even recite the status of the 21st century Yeosu industrial complex that succeeded greatly as the Republic of Korea’s 3 major petrochemical industrial complex line by line.

“But Ulsan different. Became the Republic of Korea’s largest comprehensive heavy industry complex where large companies entered one after another and settled.”

So-called Ulsan industrial complex.

A place selected as petrochemical industrial complex as Ulsan oil refinery expanded in 1967.

Completed in October 1972, so indirect capital facilities much better entered state compared to Yeocheon National Industrial Complex.

“Our Taeseong Automobile and Taeseong Heavy Equipment of course even U-gwang Automobile and U-gwang Heavy Equipment here.”

From 1972 automobile and shipbuilding industry began full-scale operation in Yeompo and Mipo districts.

“Taeseong Machinery and Taeseong Metal factories also nearby.”

In Hyomun district parts and affiliate factories entered actively.

“Ulsan can receive steel supply from nearby Pohang centered on oil refining. How about ports and railways again?”

Know.

Ulsan a place that transforms into a machinery equipment industrial complex centered on automobile and shipbuilding industry in less than 10 years.

“If a place fitting the goal of heavy chemical industry concentration as expected Ulsan. I don’t understand why you point Yeocheon leaving Ulsan.”

The reason grandfather immersed deeply in thought the whole time then tilted the head.

“Surely didn’t know?”

“Would there be such? U-gwang Automobile and U-gwang Heavy Equipment, even U-gwang Shipbuilding in Ulsan industrial complex.”

“Yet the sound of moving the affiliates received to Yeocheon comes out?”

Grandfather’s eyes narrowed.

“Why deliberately trying to move U-gwang Automobile, heavy equipment, shipbuilding factories running well in Ulsan to Yeocheon? Damage will be severe?”

“No thought of closing factories running well right now.”

“Then?”

“First thinking of moving only Taeseong Chemicals to Yeocheon.”

Currently Taeseong Chemicals factory in Incheon.

President Shim and grandfather entered petrochemical by acquiring Incheon’s old chemical factory.

Now already reached expansion limit state.

Grandfather sucked Chongmyeongtang in one go as if stuffy and threw the empty medicine bag into the trash can.

“Said Ulsan better. Hyunmu Chemicals and Joseon Chemicals also in Ulsan.”

Hyunmu Chemicals and Joseon Chemicals currently the Republic of Korea petrochemical’s 1st, 2nd companies.

Can’t compare with Taeseong Chemicals made only 7 years.

Giant chemical companies standing superior even in company history, scale and sales level and product groups.

“Jeong-hyeok, heavy industry an industry where synergy grows gathering together.”

“Know.”

“Knowing that why so shit stubborn? Why of all Yeocheon?”

“Because government subsidy support abundant.”

“······.”

Grandfather closed the mouth as if the mouth blocked.

Even the words continuously shouting ‘Ulsan!’ entered.

Instead a hollow laugh seems bursting out.

“Mere because of government subsidy to Yeocheon······ hehehe.”

“If occupying a place where new industrial complex enters the government will take care quite this and that with extraordinary benefits.”

I grinned.

“Ulsan already factories entered quite many. Government subsidy stingy.”

“Deciding Taeseong Chemicals’ future according to mere a few pennies of government subsidy.”

Grandfather swept the face with a hand.

“Did President Shim teach so?”

“Then shall use even private loan?”

“······.”

Grandfather opened eyes large.

An expression what bolt from the blue sound this again.

“Government subsidy also absurd, why private loan suddenly comes out here?”

“No money held right now so no choice but to pull even private loan and use.”

An era bank threshold high.

Because institutional finance couldn’t fully play its role private loan runs rampant.

“Seems can roughly cover factory relocation funds only cutting with 89.8% not 67.8% annual interest.”

“With short-term private loan annual interest only used in gambling places?”

89.8% short-term private loan was the interest rate Maljukgeori horse heads liked to use.

I clicked the tongue.

“Even private lenders lend money selecting people. May recover at 67.8% interest to grandfather who is Taeseong Group head but not to me.”

Dirty and mean but the private loan market turns so.

Interest rate set arbitrarily according to person, according to situation, according to the mind of the person lending money.

The larger the recovery risk, the lower the credit, the more urgent the circumstances, the larger the weakness the higher the interest rate naturally.

Which private lender would lend money to an eight-year-old little kid?

“Think I the same position as grandfather?”

Taeseong Group would have much money.

Investment budget or company reserve funds also many.

But I not.

“How many affiliates among the affiliates I acquired do you think properly running at this point?”

“Eh······ hmm······.”

“Taeseong Chemicals that was running well went over to U-gwang then factory blew and factory stopped for two months.”

Because of U-gwang Chemicals fire accident the factory exploded, factory workers injured.

The union occupied the office and closed the workplace and continued protests for two months.

“Taeseong Chemicals’ factory workers and executives also all pulled out to Taeseong Construction state.”

“······That so.”

“Think the acquired U-gwang affiliates different? If not openly settled with U-gwang’s Chairman Kim Dae-sik the acquisition would have dragged for several years day after day?”

“That also so.”

“Diverted materials, executives and employees planted as spies, cash flow even tightened state due to cash extraction squeezed because of U-gwang Steel deficit.”

“······.”

Only then grandfather crumpled the brows with a whoosh.

“Was our Jeong-hyeok’s pocket that thin? Why not feeling even hearing?”

“Think I living holding a never-drying cornucopia?”

I snorted with a whoosh.

“As grandfather also knows until mere a few months ago I lived in Guro-dong shantytown?”

“Eh······?”

“Winning the housing lottery and breaking even savings and barely preparing 10 million won was all? That mere a few months ago.”

“Eee······?”

“Even so my inherited maternal family property abundant, hope paternal family support at group level?”

“Eeee······?”

“Said Taeseong one family. But ignoring me?”

“When I!”

Grandfather shouted loudly.

But as I narrowed eyes and saw soon ahem coughed hollow.

“I did detach saying each affiliate each roll themselves, but not the sound of ignoring. Even looking like this I am Taeseong Group head.”

“To select the successor to hand over the head seat after 10 years. According to talent, according to ability, said will detach hands do yourselves.”

Grandfather’s hollow cough sound became even larger.

Grandfather had declared at the dining table gathering family.

-If Taeseong’s family won’t distinguish status, origin, qualification. Will hand over to the one with ability to lead Taeseong.

-Eat according to ability, pull in according to talent, raise fully and see.

-However can’t give to the guy who forgets being family. How trust and entrust Taeseong to the guy who points a knife at own family? Taeseong one family!

I narrowed eyes and looked straight at grandfather.

“So even at U-gwang Chemicals protest time pretended not to know and deliberately ignored.”

“Ahem!”

“Heard even added the words hunting should be done outside not in the house corner?”

“Ahem!”

“How complex and difficult the money and people and interests involved in business, experience directly and realize.”

Not only this.

“Heard threatened to put out part of the U-gwang affiliate stocks the president handed over to Taeseong as close aides’ share.”

Thanks to that could tear several of U-gwang’s affiliates at a bargain price.

The affiliates torn like that all fell as my share.

“To even give that out living tight. Even so can’t hold out hand to grandfather for the back money the president demanded.”

At some moment President Kang and Vice President Song were looking at me with a strange expression mixed with all kinds of emotions.

President Shim let out a small sigh, Secretary Kim made a contented smile.

Grandfather laughed heartily and messed up my head recklessly.

“Taeseong one family. Seems I can solve your difficulties.”

“Even though grandfather doesn’t even have 1% of JH Investment Company shares?”

“Jeong-hyeok, you are my grandson. Even if you caused an accident and held out hand grandpa helped you.”

Grandfather looked down at me with soft eyes.

“How much more Taeseong Chemicals you giving as mother’s dowry, making as father’s sturdy backing, an eight-year-old child hugging this many documents and groaning the whole time······.”

A gaze mixed with praiseworthiness and pity.

“My child’s rice bowl originally a matter the father I have to take care of. So you no need to worry.”

Grandfather said cutting sharply.

“I will help with Taeseong Chemicals factory relocation funds.”

“With empty mouth?”

“Then will write even a loan certificate? Then I good!”

Grandfather laughed heartily hehe.

“Instead let’s make this a secret between us.”

“Thank you, grandfather.”

I also embraced grandfather and smiled brightly.

“Heard grandfather also many difficulties these days because the overseas distribution network borrowed from U-gwang cut?”

I opened the coin wallet and took out the well-folded paper.

The paper with golden light flashing torn from U-gwang’s Chairman Kim Dae-sik.

“Seems I can solve that difficulty?”