Chapter 85

Chapter 85

Same Incident Different Steps

According to the Blue House’s official announcement, the chemical factory fire was tilting toward the ‘safety accident’ side.

Taeseong’s affiliate presidents opened their mouths one after another.

“A work team composed of laborers that U-gwang just input. Wouldn’t the employees’ safety education have been insufficient?”

“Would have had to do unfamiliar work in an unfamiliar work environment. An accident occurring is a moment.”

“U-gwang seems to have responded complacently. Hearing, a large amount of flammable substances were discovered inside the factory.”

Grandfather tapped the table with fingertips.

“Anyway, not pointing to arson due to grudge as the fire cause, or explosion terrorism related to North Korea or air raid or something, the words?”

“Currently so. Have to watch the Blue House’s subsequent announcements?”

Grandfather looked back at the affiliate presidents.

“How is U-gwang’s movement?”

Not words asking without knowing.

Words asking how serious.

“If U-gwang, from headquarters to affiliates all flipped.”

“Seems entered a countermeasure meeting gathering all affiliate presidents and executives.”

“The U-gwang secretary’s office is sending intense protests to Taeseong enough that the phone is on fire.”

“Honestly, as U-gwang, if possible, would want to push all the responsibility of the safety accident to our side.”

That much a large accident.

Because the casualties were close to a total of two hundred people.

So Taeseong’s affiliate presidents had dark complexions.

“Perhaps our Taeseong also might be difficult to avoid reprimand.”

“Originally a chemical company jointly established with U-gwang, and our Taeseong has managed until now.”

“Only ten days have passed since handing over Taeseong Chemicals to U-gwang. If there was a problem in facility management······.”

“Left the room to cause retaliatory problems in the process of snatching Taeseong Chemicals or something······.”

The voices of the affiliate presidents gradually decreased more.

Because watching eyes, the latter words often got crushed.

Someone closed eyes tightly and said refreshingly.

“If U-gwang bites and holds as Taeseong’s fault, the chairman or President Shim will become difficult obviously. See that have to urgently prepare countermeasures regarding this!”

“Right. First will contact the accident appraisal team. Have to pull out feet so that the name Taeseong doesn’t come out somehow.”

“Will also put contact to the Blue House secretary’s office!”

“Then I’ll block the media······.”

Bang! Bang! Bang!

Grandfather hit the table with the palm.

“We didn’t commit a sin either, why trying to do such shady things?”

“Chairman, just in case if our Taeseong is entangled here······.”

“Why did U-gwang Construction buy the Blue House’s glare while forcibly demolishing the Guro-dong shantytown last time? Because hitting the matter and saying will clean up the back and baking the media, and blocking the mouths of the police and prosecution.”

Only then the affiliate presidents closed their mouths.

But still the color of not bending the meaning of ‘if can block without choosing means and methods, have to block.’

Grandfather clicked his tongue.

“Better to prostrate and beg His Excellency saying sorry and seek leniency than playing shallow tricks saying cleaning up the back.”

The method grandfather chose in the past.

“The best method is not getting entangled in such matters from the beginning.”

Would the affiliate presidents not know that.

Second uncle said in a low voice.

“If that was possible, wouldn’t have opened an emergency countermeasure meeting gathering all affiliate presidents like this. Taeseong is already entangled, and the accident already occurred. Now is the time to prepare countermeasures.”

“Well. Who said Taeseong is entangled in the U-gwang Chemicals accident? President Shim!”

“Yes, chairman.”

Grandfather looked back at President Shim.

“You answer directly. Would there be a matter of the Blue House asking Taeseong the responsibility of the U-gwang Chemicals fire accident?”

“No way. Can declare that U-gwang Chemicals is completely unrelated to Taeseong.”

President Shim said cutting sharply.

“When handing over Taeseong Chemicals, processed this problem certainly. Chairman Kim of U-gwang signed and sealed regarding this, and a matter that all U-gwang affiliate presidents tacitly approved.”

Taeseong’s affiliate presidents murmured.

“What words is that?”

“While handing over Taeseong Chemicals, recognized that all are U-gwang’s ownership from that time. Confirmed that even facility management and responsibility are all U-gwang’s. A matter of terminating even Taeseong fire insurance and handing over.”

“The sound that cut all strings related to Taeseong certainly all in the negotiation process?”

“Yes, agreed that Taeseong side people leave with only bodies immediately upon signing and sealing the Taeseong Chemicals acquisition merger contract. How else couldn’t I even take the nameplate?”

Grandfather smiled contentedly.

“President Shim’s insight is very amazing. Surely not even expecting such a matter would occur, the work processing was very clean as if looking ahead. Well done.”

“Overpraise.”

“Anyway, was sick of dragging the nerve war with U-gwang for long because of Taeseong Chemicals. Handed over flashily, and even dug proper bait and trap. As expected like President Shim. Did the value of entrusting and leaving thoroughly.”

“Thank you, chairman.”

Aunt raised her hand.

“I find it hard to believe? If U-gwang bought Taeseong Chemicals shares, the bank and private loan market should have stirred. A matter of preparing at least 15 billion. But that side market is quiet to the extent of not even one rumor heard, the words?”

A sharp and ringing voice came as if picking a fight.

The affiliate presidents also nodded and agreed.

“Surely not just handed over even the shares because the engagement fell through? Engagement is engagement, and business is business. Moreover, President Shim submitted the resignation right after promoting the acquisition merger contract. Is this suspicious only to me?”

Aunt crossed arms and snorted.

“Colluded with U-gwang and proceeded with a contract very disadvantageous to Taeseong. So could pass the Taeseong Chemicals acquisition merger that takes at least a few months, at most a few years with a snatch in just one day. Not so?”

As aunt’s words lengthened, the gazes of Taeseong’s affiliate presidents became cold.

“Already a person who put down the affiliate president title, why can attend Taeseong’s president group meeting is questionable from the start. How will you explain this?”

“A valid question. Before explaining that, look at this first and speak.”

President Shim stood up from the seat and began circulating the copies prepared.

“Anyway, thinking have to certainly point out this problem so brought the problem contract. Refer.”

Taeseong’s affiliate presidents flipped the documents with curious eyes.

“This is the Taeseong Chemicals acquisition merger contract that President Shim promoted receiving full authority?”

“Heard the U-gwang side sent an okay sign right on the spot?”

“On earth what honest conditions did our side put out that that picky and thorough person······ Hmm?”

The affiliate presidents soon dropped their mouths open.

“A three-page contract? Th, is this the end?”

“No, what is this again? Taking all of Taeseong’s shares and bills worth 15 billion won······!”

“Ha, moreover the bill issuance place is not U-gwang Group holding company but U-gwang Construction! Can that mere U-gwang Construction handle 15 billion?”

The affiliate presidents looked at President Shim and opened eyes wide.

“President Shim, how did this happen? Asking with what mind wrote such a contract!”

“Taeseong’s damage is not small! From the moment signing the acquisition merger contract, all movable and real estate belong to U-gwang?”

“Didn’t even properly organize Taeseong Chemicals and saw hundreds of millions of damage sitting?”

“If doing this, why did you obtain the full authority regarding Taeseong Chemicals acquisition merger? Really not some kind of deal with Chairman Kim of U-gwang?”

Bang! Bang! Bang!

This time too grandfather hit the table.

“The part to pay attention now is not the front page but the back page!”

“Back page?”

“Everyone look at the clauses regarding reacquisition negotiation first and then talk!”

“If reacquisition negotiation······ Huck!”

All of Taeseong’s affiliate presidents paid attention to the last page of the contract.

If unable to fully pay the bills until maturity, substitute with handing over shares according to the bill ratio.

The clause added last particularly caught the eyes.

Taeseong does not exercise pressure such as urging regarding bill delinquency until maturity, but instead processes the collateral U-gwang Securities substituting with the reacquisition negotiation conditions.

Taeseong’s affiliate presidents momentarily inhaled breath.

A brief silence settled in the meeting room.

“This······ this surely······. Giving flesh and taking bone, that right?”

“Even when Chairman Kim of U-gwang signed this contract, wouldn’t have known the fact that a fire would occur at the chemical factory······.”

“Aigo, trying to save tens of billions of interest and about to fly away even U-gwang Securities caught as collateral whole?”

Everyone had mouth corners hanging to the ears and twitching.

As if everyone was busily flicking calculators and abacus beads in the head, presidents who quickly memoed with fountain pens appeared.

“How? Certain?”

Shaking the three-page contract, grandfather smiled.

“A situation where Chairman Kim of U-gwang was called to the Blue House. How much do you think the probability that U-gwang will repay these bills?”

Taeseong’s affiliate presidents smiled brightly and answered in unison.

“Difficult.”

“Would there be mind to block Taeseong Chemicals bills now?”

“Currently all U-gwang affiliate stocks are plummeting to the bottom in real time.”

“Will gather money whether there is or not and try hard to save U-gwang Steel that is about to be stuck in the mud rather than eating Taeseong Chemicals.”

Grandfather asked once more.

“Now know why I called you all today? We didn’t gather at this place to prepare countermeasures to escape from the chemical factory fire incident.”

Bang!

“We gathered to discuss how to take back Taeseong Chemicals in this opportunity!”

Bang!

“And how to extend hands to U-gwang Securities and swallow!”

Taeseong’s affiliate presidents shouted in one voice.

“Yes! Understood, chairman!”

So their discussion was starting from now.

“U-gwang’s stocks are plunging. The shareholders won’t leave that alone. I’ll secretly stir that side.”

“I intend to more certainly block the cash flow of U-gwang which is just before fund tightness. Will contact the Federation of Korean Industries people.”

“I’ll pick prime ones among U-gwang Group affiliates. Just in time a few affiliates that would be good if our Taeseong acquires caught the eyes.”

“Good thought. I’ll also join. For U-gwang to revive, have to tear off a few arms and legs. Don’t miss this opportunity and grow Taeseong’s size.”

“Taeseong just in time attracted large investment funds at the year-end night. There while taking charge of the Subway Line 2 construction, can even aim for market difference profit by buying land where subway stations enter.”

Bang!

Grandfather grinned.

“Everyone abandon the thought of returning early today. Even if staying up all night, have to finish the countermeasure discussion regarding this. From tomorrow, all affiliates have to move in unison according to the goals set today. Not so?”

“Yes, understood!”

“Before other companies quickly snatch U-gwang’s empty seats, let’s move a bit faster.”

“Yes, chairman!”

“I am not satisfied with our Taeseong merely staying at business world ranking 5th. When opportunity comes, catch, when can eat, eat, when can snatch, snatch!”

“Of course!”

Grandfather had the eyes of a cold-hearted entrepreneur.

In front of that, the word 40 years of friendship was difficult to intervene.

Even just the eyes of the affiliate presidents looking only at grandfather one person at this place were 38 pairs.

They also were the same as heads leading each affiliates.

All were shining eyes as cold-hearted and calculating as grandfather.

Then father raised his hand.

“There are very many casualties from the chemical factory fire accident. With only U-gwang Hospital, difficult to accommodate all patients.”

Father alone put out a completely different opinion.

“Hope medical support is sent from Taeseong Hospital.”

Instantly all the affiliate presidents closed their mouths.

That was the same for grandfather.

“Before serious injured change to deaths, before minor injured change to serious injured, have to save the people who can be saved. I’ll take charge of that side.”