Chapter 163

Chapter 163

Bomb Declaration

I selected words for a moment.

‘Would be a bomb declaration directly opposing grandfather’s meaning.’

I slightly looked at grandfather.

‘If stabbing abruptly straightforward without thinking front and back and grandfather holds the back of the neck and falls troublesome.’

Anyway has age.

‘Even so can’t keep mouth shut like this.’

That no.

I already endured as much as can endure.

‘No choice. Not my style, but no choice but to proceed stepping on the brake moderately.’

Originally even when entering water if entering splash at once burden comes to the heart.

Does something called warm-up pouring water from places far from the body, have to give that level consideration even to elderly grandfather.

Thud.

I sat on the children’s sofa.

Now became able to face grandfather head-on.

Not on grandfather’s knees, with the reception room table in the middle.

“Jeong-hyeok, what sound that? Saying fighting over the Taeseong Group head seat 10 years later my meaning?”

“Don’t play coy newly now.”

“Not you pointed wrong?”

“Then shall point one by one carefully?”

I leaned the body a bit more toward grandfather.

“Grandfather, why said will lend the Taeseong Chemicals factory relocation funds instead of buying the U-gwang affiliate shares I have?”

“Wrong grandpa lending money to the struggling grandson?”

“Who saying wrong? Just because a decision unlike grandfather.”

Making a decision different from usual the meaning there is a separate scheme.

But grandfather this time also detached pretending not knowing.

“Why that?”

“Because grandfather sincere in company matters.”

“Natural sound! Seems this a joke now?”

“Of course not. Taeseong Chemicals employees alone 2,000. Their families enough 8,000 mouths hanging on grandfather?”

The weight of the sense of responsibility grandfather was carrying on the shoulders.

How complex and difficult the money and people and interests hung on business.

“Clearly knowing Taeseong now stockpiling funds to acquire U-gwang affiliates. Saying will take responsibility for all the cost of relocating Taeseong Chemicals factory to Ulsan?”

“This grandpa, have that level ability!”

“Competing fiercely with hyenas?”

“······Knew?”

“I also entered together at the Taeseong Group all affiliate executive meeting?”

I clicked the tongue.

“To acquire the U-gwang affiliates reserved bullets will need thickly.”

Taeseong reserved U-gwang’s best affiliates and adjusting acquisition conditions waiting to fall at bargain prices.

“In such midst would Taeseong use money carelessly?”

Even if Taeseong’s warehouse more abundant than me.

To acquire U-gwang’s affiliates greedily money will become quite insufficient.

I asked subtly.

“Honestly say. The U-gwang Automobile, U-gwang Heavy Equipment, U-gwang Shipbuilding I have. Coveting shares?”

Grandfather couldn’t deny saying no.

“Wanting to put U-gwang Automobile and U-gwang Heavy Equipment in big uncle’s hands?”

“······.”

“Knew my pocket became empty empty and became a difficult situation?”

“······.”

“The golden opportunity to obtain the desired shares, not?”

I deliberately tilted the head sideways.

“Why not undercutting the coveted shares at bargain prices?”

“Huu.”

Grandfather let out a long sigh.

“Then the sound of telling me to snatch my grandson’s rice bowl saying will take care of my children’s rice bowls?”

“Even if not eyeing up to shares coveting management rights?”

Whether hit the core.

Grandfather closed the mouth tightly again.

Chose silence instead of denying or making excuses.

“At the Taeseong Group all affiliate executive meeting. Grandfather didn’t even bring up one word regarding me taking U-gwang’s affiliate shares.”

Didn’t keep what I demanded before entering the Taeseong Group executive meeting.

Instead asked me the impression of the executive meeting tour.

What that means.

“The meaning can give shares but no thought of giving management rights?”

I poked my chest with the index finger.

“Because I mere an eight-year-old child.”

Grandfather this time also couldn’t deny my words.

“Will acknowledge being major shareholder so quietly receive dividends and take care. No thought at all of putting forward to the management front line so learn management diligently from President Shim. Correct?”

“Yes, correct.”

“Still thinking so?”

Grandfather couldn’t readily answer.

“Since thoughts changed, attitude changed. If before would have told me to put out the affiliate management rights I have.”

Grandfather didn’t tell me to put out the management rights of the U-gwang affiliates I have.

Instead ignored pretending not knowing.

So no choice but to say strange.

“No matter how pretty the grandson can’t snatch even my children’s rice bowls.”

Children 1st degree, grandchildren 2nd degree!

“If grandfather rather acknowledging shares, but saying will exercise management rights Taeseong and trying to cook and boil me?”

But grandfather didn’t do so.

The meaning clear.

“Seems couldn’t snatch even the foundation to compete over the Taeseong Group next head seat?”

“······Huu.”

Grandfather swept the face with the palm.

A very troubled expression.

“Yes, correct.”

Finally grandfather let out a long sigh and raised both hands.

“Saw correctly. So deliberately didn’t snatch your management rights and decided to just leave.”

“Really trying to give me opportunity?”

“Yes.”

Sincere.

“Of course the path to go far. From young your position will become a very rough and difficult path. Why wouldn’t I know that?”

Grandfather buried the back deeply in the sofa.

“Even after 10 years you mere only eighteen years old.”

Age complaint again.

In grandfather’s thinking my biggest obstacle precisely this.

“Still wanted to give opportunity. Because a matter with Taeseong’s future at stake.”

“The meaning of betting expectation on me even considering all bad conditions?”

“Yes.”

Then I also no choice but to ask back seriously.

“Grandfather, the Taeseong Group’s next head position not a seat that can rise just because money many?”

So the problem.

“Pulling lots of loans from overseas and buying all Taeseong Group stocks? Difficult with such method.”

Knowing how much stock price will soar?

If that easy hostile M&A would have been rampant.

“Jeong-hyeok, know why chaebol groups form close relations with the government and political circles, financial circles?”

“To certainly defend external attacks.”

Hostile M&A trying to forcibly snatch other companies’ management rights often returns to nothing blocked by this ‘defense mechanism’.

Therefore most mergers and acquisitions done through friendly M&A.

Receiving shares and management rights at appropriate prices through smooth negotiations with the controlling shareholder forces of the counterpart company.

“In the end the sound the one who won in the struggle inside the group has the group?”

The reason grandfather will watch the children’s competition.

“For that have to secure many my side investing long time and effort? In share aspect, in in-house force aspect.”

In share fights speaking of securing black knights and white knights.

In in-house force fights speaking of persuading executives who will become my close aides.

“For that reason grandfather took care this and that to our dad whose support base poor because out in the Middle East for a long time?”

“Of course. Taeseong Chemicals President Shim was leading was grown as your father’s share.”

But father changed the meaning to Taeseong Construction.

Unavoidably grandfather additionally gave Taeseong Cement and Taeseong Windows, Taeseong Wood.

Because father’s base largely weak compared to other siblings.

“Grandfather, how if the Taeseong Group affiliates distributed to children separate and become independent?”

“That absolutely no good words!”

Grandfather said cutting sharply.

“If companies split strength also splits! Shrunk companies can’t properly exert influence!”

For that reason many chaebol companies expanded affiliates octopus-style.

The words too big to fail also often used here.

“All chaebol just because company scale large? Have to have both money and power to be chaebol!”

In this era may live suppressing because of military dictatorship regime.

21st century Republic of Korea became chaebol republic.

“Separately yet together!”

The part that comes out worn even in the Taeseong report.

Grandfather for this reason early distributed affiliates to children and made each manage.

“Even while taking charge of affiliates under each responsibility and operating, in emergencies have to unite under the head and face and overcome crises!”

So grandfather would have readily declared will give the Taeseong Group next head seat after 10 years.

“Taeseong one family!”

The words that came in enough for ears to hurt after I entered the Taeseong family.

“Jeong-hyeok, already forgot the words I said at the dinner seat regarding the next head seat?”

“Can’t give to the guy who forgets being family!”

I recited the words grandfather said as is.

“How trust and entrust Taeseong to the guy who points a knife at own family?”

“Yes, whoever sits in the head seat we one family! Among family have to help each other and live!”

Grandfather emphasized once more.

“Jeong-hyeok, the head like a captain. Just a more excellent captain holding the ship’s helm, the fact of riding the ship together doesn’t change.”

That grandfather’s thought.

I forcibly swallowed a bitter smile.

‘Where life flows as intended.’

Even if that the meaning of a flying and crawling chaebol head.

‘If knowing how the past Taeseong Group went couldn’t easily spit such words.’

I know the future of Taeseong grandfather chose through the past Taeseong Group report.

‘Originally said power not divided even between parents and children of course couples. Desire a surprisingly scary and sinister guy.’

In the past grandfather had to step down from the Taeseong Group head seat due to the Taeseong Chemicals fire accident.

As Taeseong Automobile collapsed due to the aftermath of the oil shock the full-scale force fight between the two brothers began.

In the end Taeseong Group split into two and fiercely opposed.

‘The winner was the second big uncle. Because the big uncle who yielded the head seat was found as an unnatural death body by the lakeside.’

The shock too large grandfather collapsed.

Missed the golden time and became half paralyzed, and passed away after preserving the seat for a long time.

‘Cha Gi-jun who became the 2nd Taeseong Group head monopolized Taeseong Group. After driving all family out penniless.’

To scrape together the shares and property they had.

Didn’t hesitate even framing and imprisoning if something.

In the midst several people died or injured or went bankrupt.

‘In the past our father died young abroad and didn’t mix in the share fight, but this time how.’

This also a matter with parents’ future at stake.

So asked.

“Grandfather, if really hoping I jump into the Taeseong Group next head seat fight have to push more actively than this.”

“Hmm?”

“In share aspect, in in-house force aspect. Have to secure many my side investing long time and effort.”

“······Eh?”

“Can’t mix in the internal struggle of Taeseong Group growing based on completely separated independent affiliates like now.”

“······Eeh?”

“Because the next head not a seat that can rise just because money many.”

“······Eeeh?”

So the conclusion.

“Please entrust proper Taeseong Group affiliates to me too.”

“What?”

Knew would be surprised so.

But a matter that must settle.

“For that naturally I also have to move on the Taeseong Group management front line?”

Grandfather dropped the mouth open.

“No law saying don’t manage company because eight years old?”

“Eueok!”

Of course grandfather held the back of the neck.

Knew would be so.