A Returner’s Successful Investment Method - Chapter 604



Only Krnovel

Episode 604. Hwaan Group (13)

Chairman Heo Seong-hoon’s talk continued endlessly.

Heo Min-hong and Heo Min-woong are sons, so let’s assume that’s the case.

But why on earth do I have to listen to someone else’s father drinking?

I feel pain and shame… … .

Chairman Heo Seong-hoon, who was the speaker alone for a while, looked around at his two sons and said.

“How much longer does this father have to live? I’m saying this because I’m worried about you all, so listen carefully. Understand?”

Heo Min-hong and Heo Min-woong answered.

“All right.”

“yes yes.”

I breathed a sigh of relief, wondering if it was over now, but he started repeating what he had said before.

“So, back in my day. Desert and jungle. I ran wherever I wanted to make money. The important thing is loyalty, loyalty. But young people these days have no loyalty. When I went to Iraq… … .”

“… … .”

what? Is this a repeat playback bug?

How do you stop this?

Heo Min-woong spoke carefully.

“I think your father is a little drunk.”

“You just listen! Anyway, I always end up in accidents.”

“no. “When did I say that?”

“Whenever!” “When I think about how upset you have been, I get angry!”

Heo Min-woong said something for no reason and then broke down excitedly.

I clicked my tongue when I saw that.

So, like me, you should have always worked hard to be filial.

Unfortunately, I’m a bit busy these days, so I’m having a paid filial piety officer do filial piety on my behalf.

I have no doubt that my parents will fully understand.

After yelling at Heo Min-woong for a while, Chairman Heo Seong-hoon looked at me and asked.

“Representative Han. “How far did I go before?”

“uh… … .”

It was such a meaningless story that I was letting it go in one ear and out the other. I answered roughly.

“He even said, ‘It’s a grande latte.’”

“Ah, that’s right. So, back when I was… … .”

I suddenly wanted to drink coffee.

Chairman Heo Seong-hoon, who was about to speak again, stumbled slightly.

“Hmm! “I guess I’m a little drunk.”

Anyone can see that.

His face turned red, and his tongue became very curled.

You’re older, but you ran a little too hard today.

“I don’t know how long it’s been since I last drank this much. “Minwoong, please take me home.”

“Me?”

Then Chairman Heo Seong-hoon shouted again.

“Then Abby should go alone!?”

“No, there are drivers and bodyguards outside… … .”

Heo Min-woong helped his father up even though he was complaining for no reason.

“I’ll bring my father to you.”

“all right.”

When Heo Min-woong took Chairman Heo Seong-hoon out, only Heo Min-hong and I remained.

It feels a bit awkward for some reason.

It’s best to drink when things are awkward.

I was about to drink alone, but when I saw that his glass was empty, I picked up the soju bottle.

“Would you like another drink?”

“I’m not good at soju, so would it be okay if I had beer?”

“ah! “Beer is good.”

I also prefer beer over soju.

As a chicken restaurant franchise owner, I also sold a lot of beer.

I ordered a beer, we filled our glasses and clinked.

“I heard that you and Minwoong sometimes go out for drinks.”

“yes.”

“Do you enjoy drinking alcohol?”

“yes. “I’m not the type of person who can’t drink it.”

This is my first time drinking together with Heo Min-hong.

I asked him.

“Are you really agreeing to hand over Hwaan Energy?”

Heo Min-hong nodded.

“yes. “Didn’t your father decide that?”

The reason I had coveted Hwaan Energy before was because I thought I could have it. But you think it won’t work so you back out right away?

It’s pretty good.

Just by looking at this, you can clearly see how excellent he is as a manager.

This would have enabled Hwaan Group to be managed stably.

He took a sip of his drink and then continued.

“Minwoong saved Hwaan Ocean. Who would be convinced if such a person were to be dismissed from the position of president? “There is no need to strain yourself for the impossible.”

If Chairman Heo Seong-hoon had simply handed over Hwaan Energy to Heo Min-woong, he would not have accepted and a dispute between the brothers would have ensued.

However, through this incident, Heo Min-woong proved that he is qualified to manage Hwaan Energy.

In a way, it was an opportunity to understand each other.

Heo Min-hong smiled bitterly.

“It’s meaningless anyway… … Sometimes I think about what it would have been like if I had gone to America that day. “I can’t help but feel some regret.”

Of course he would never have come.

At that time, Heo Min-woong came to the United States to sign an agreement with Thomas Motors. Heo Min-hong, who was a cautious person, deliberately entrusted the task to his younger brother.

If something goes wrong later, I want to pass the blame onto my younger brother.

In fact, in the first round, Heo Min-woong was pushed down to one position after the Thomas Motors incident.

Afterwards, he inherited non-core affiliates and lived as usual.

Sometimes I get into an accident and show my face in public, and sometimes I stand in front of the photo line at the prosecutor’s office.

Heo Min-hong continued speaking.

“But if it were me, I wouldn’t have believed CEO Han’s words so much and made a move. In the end, Minwoong saw people properly. “I was a little surprised that he made the decision this time.”

No matter how much I proposed, it would not have been easy to single-handedly undertake an acquisition that the group had also given up on.

I added a word there.

“I got lucky, too.”

Who would have imagined that the Suez Canal blockage incident would occur at that moment?

In business, luck is a factor that cannot be ignored.

Heo Min-hong asked me.

“Do you have any advice for future management?”

“Advice?”

“yes.”

He is a person who is good at management. Shouldn’t I get advice instead?

Still, if you ask me this honestly, I can’t not give you an answer.

“It would be good to focus more on the defense industry.”

As it started out as a gunpowder manufacturing company, one of Hwaan Group’s main focuses is the defense industry.

Heo Min-hong seemed to ponder my words for a moment, then lowered his head.

“All right. We look forward to your continued support.”

Looking at him, I feel like Chairman Heo Seong-hoon has raised his successor well.

I also bowed my head.

“Please take care of me.”

* * *

I boarded a private plane with my father and Vice President Park Yong-jin and headed to Geoje Island.

When I got off at Gimhae Airport, a car and driver were waiting.

The car crossed the bridge and headed to the Hwaan Ocean Shipyard in Geoje.

President Bang Soo-hwan and Heo Min-woong came to the entrance and welcomed us.

“welcome.”

“Thank you for visiting.”

It is a rare sight to see the CEO of a large company greeting the CEO of a subcontractor so warmly.

Heo Min-woong shook hands with my father.

“Did you have a hard time coming?”

“no. “I arrived comfortably on a private plane.”

He usually spoke comfortably, but since it was a public situation, his father treated Heo Min-woong with respect.

Hwaan Energy’s acquisition of Hwaan Ocean is a new opportunity for Byungjin Industrial.

The reason we came this far was to discuss supply and cooperation with Byungjin Industries.

Hwaan Energy was the primary contractor of Byungjin Industrial. Hwaan Energy’s acquisition of Hwaan Ocean was a great opportunity for Byungjin Industrial as well.

We wore hard hats and toured the shipyard under the guidance of CEO Bang Soo-hwan.

President Bang Soo-hwan said proudly.

“Inquiries about LNG propulsion ships are continuing. “Many companies are also showing great interest in hydrogen carriers and propulsion ships under development.”

The sudden explosion of interest was, of course, due to IMO regulations.

Like hydrogen cars, hydrogen-powered ships have also been developed, but have not yet been applied to large ships such as container ships.

Hydrogen is more convenient to transport and use if converted to ammonia form rather than used directly as fuel.

Therefore, development in this direction is currently underway.

While my father and Vice President Park Yong-jin were talking about work with President Bang Soo-hwan, I had a separate conversation with Heo Min-woong.

“Traffic through the Suez Canal has resumed.”

“Iknow, right.”

Fortunately, the hull of the Neverland was successfully repaired and salvaged, and canal traffic was partially resumed after 17 days of suspension.

It took about three times longer than the first time.

It was a shame because the damage to the hull wasn’t that big, otherwise it would have been a real disaster.

Traffic is restricted as oil control work is still underway, and it is expected that it will take some more time to completely normalize.

“Did you go home well that day?”

“yes.”

The drinking party ended before Heo Min-woong, who had gone to pick up his father, returned, and everyone went home.

“My father said he wanted to have another drink.”

“is it so?”

“I guess you liked it.”

I’m somewhat popular with the elderly.

The succession of management rights was not announced immediately after drinking that day.

However, a major change of executives at Hwaan Ocean took place.

Approximately 30 people were replaced.

All parachute personnel without expertise were dismissed, and people selected from the Hwaan Group keynote office took their positions.

Isn’t this the power of conglomerates?

Thanks to this, Hwaan Ocean is quickly returning to normal.

Originally, this year’s operating loss was expected to be 1 trillion won, but CEO Suh Su-hwan was confident that the company would turn into a surplus starting in the second half of the year.

“What do you think when you come to the shipyard?”

“How amazing.”

It was a spectacular sight to see the huge ship being built.

It’s hard to believe that such a huge object can be created by human hands.

Heo Min-woong nodded.

“right? I’m also a little surprised. “It’s amazing that so many people support a company.”

When investing, we look at data and disclosures, but the numbers are created by the work of countless people.

Therefore, managers must manage well.

“Have you had a good conversation with your brother since that day?”

“huh. what. After talking to him, I kind of understood his point of view. “I’ve done some things wrong along the way.”

“So you decided to become friends?”

Heo Min-woong said as if he were embarrassed.

“Well, what else can brothers do other than be close friends? Just getting by. “It’s not like we won’t see each other again.”

I chuckled.

Even if separated from the group, Hwaan Energy must continue to cooperate with Hwaan Group affiliates. So the friendship between brothers is important.

“But I don’t know if I can do well in the future. “If I had known this would happen, I would have received some management training.”

“From now on, we can just learn one thing at a time.”

If the revival is successful, Hwaan Ocean’s value will soar to more than 10 trillion won.

When added to Hwaan Energy’s market cap, it amounts to approximately 40 trillion won.

“In the long term, consider merging the holding company with Hwaan Ocean and Hwaan Energy.”

“Merger?”

“There is no need for multiple companies to be listed on the exchange.”

“Hmm.”

The simplest way is to merge the two companies and then convert them into existing stocks.

In this way, Huaan Ocean will become an unlisted subsidiary of Huaan Energy, and Huan Ocean shareholders will receive Huan Energy shares.

The reason why conglomerates do not do this is because they are concerned that their shareholding will decrease and their control over existing companies will weaken.

In any case, if you manage it properly, there will be no problem.

“Try hard.”

Heo Min-woong said with a smile.

“good. “I will try my best.”

Seeing that makes me feel proud.

When I first met him, I thought he was an idiot, but now he seems like a pretty good manager.