He is Already a Tycoon at a Young Age! - Chapter 30



Only Krnovel

#030

“I know, I know very well. All of this is about getting the $1.5 billion loan that we didn’t get from Russia, but ultimately, it’s about Samjung Defense acquiring technology for the development of new Korean tanks and self-propelled guns.”

“Yes, and ultimately, it is to secure Russia’s aerospace technology and the cornerstone for securing space launch vehicle technology.”

“A space launch vehicle?”

“I want to have a satellite.”

My maternal grandfather, the CEO of Taean Industrial, opened his mouth wide in surprise at my words.

“So, the first step, the Bear Project that I mentioned, must proceed smoothly. To do that, we must produce results that satisfy both the South Korean government and the Russian government.”

“Let’s try our best.”

After the Taean unemployment representative spoke to me, I glanced at the hopi-patterned orchid on his desk.

“Grandpa, are you feeling good?”

“I’m accepting this orchid because it was a gift from my grandson. If it had come from someone else, I would never have accepted it. Hahaha, thank you so much.”

“yes.”

I’m surprised that my maternal grandfather has that kind of appearance.

‘All people.’

Each person has something they desire.

Anyway, with the establishment of Taean Industrial, we received an investment of 100 million dollars from Samjung Defense, a subsidiary of Samjung Heavy Industries, so now we can begin the Bear business in earnest.

Of course, the Blue House VIP would have to catch the ball I threw without hitting it.

* * *

Willa headquarters in Italy.

“A small shoe company in South Korea called Taean Yanghwa has requested the use of the Willa trademark and proposed a joint venture with Willa Korea?”

Willa’s CEO asked the reporter back.

“Yes, that’s right. Although it is a small company specializing in making sneakers, behind Taean Yanghwa is a large South Korean company called Samjung Group.”

Ji-sung had told CEO Park Seon that there was no need to hide the fact that the largest shareholder was a special associate of Samjung Group when making the proposal to Willa headquarters. So when submitting the joint venture proposal, he did not hide the fact that Taean Yanghwa’s largest shareholder was the family of the chairman of Samjung Group.

“Samjeong Group?”

The Samjung Group is still not widely known around the world, and is especially unfamiliar in the fashion industry.

“Yes, it is one of the largest companies in Korea, competing for first or second place.”

“That would be great, but we don’t make sneakers.”

“Taean Yanghwa seems to need a signboard for overseas expansion. It also seems to be to compete in the Korean sneaker market with the image of a high-end overseas brand. They have agreed to provide a 3% royalty on sales.”

“3% isn’t bad.”

“Yes, and Willa Korea proposed to establish a joint corporation with Taean Yanghwa owning 51% and the head office owning 49%.”

“He’s telling me not to interfere with management.”

“Yes. I don’t think there is anything to lose. As the chairman said, we are not producing sneakers, and through Taean Yanghwa, it is a good opportunity to enter the Asian market with products produced at our headquarters.”

When the Willa Korea joint venture was established, Taean Yanghwa was able to receive clothing fashion products produced by Willa and sell them in South Korea.

“Yes, it’s a good opportunity. Send a worker to set up a joint venture.”

“Yes, I understand.”

Currently, Willa’s sales of clothing and fashion accessories are declining, so there is no reason to reject Taean Yanghwa’s offer.

In this way, Ji-seong’s plan was successful again.

“With sales in the North American and European markets declining, it would be great if we could use South Korea as a springboard to expand sales in the Asian market, hahaha!”

Up until now, Willa’s CEO had been very satisfied. However, once sales declines, it is difficult to recover easily, and from this point on, Willa’s sales continued to decline, and Ji-sung was well aware of this fact.

* * *

Samjung Group Chairman’s Office.

“A significant number of deputy-level employees in the planning department, general affairs department, and materials department at the headquarters have resigned.”

“suddenly?”

“Yes, I found out that the chairman’s eldest son-in-law, Park Seon, made the scouting offer.”

“My grandson stole the manpower, hahaha!”

In fact, since it is a deputy-level position, it will not have a big impact on the Samjung Group, but since one must be the best elite in Korea to get a job at the Samjung Group headquarters, it will be a great help to Taean Yanghwa, Taewan Industrial, and the soon-to-be-established Young Industrial.

* * *

Taean Yanghwa President’s Office.

Taean Yanghwa CEO is both the factory manager and the CEO.

He was an entrepreneur who was serious about developing sneakers. And he was also someone I scouted and paid a high salary for.

“Even if the largest shareholder is very pleased with it, there could be problems if we produce 100,000 pairs in advance. Also, when sales are slow, inventory management issues could become serious.”

Taean Yanghwa CEO looked at Director Park Seon who brought me in and spoke with a serious expression.

“Sir, please speak to the largest shareholder. All decision-making authority lies with the largest shareholder.”

“Even though I am the largest shareholder, I know the sneaker business better than anyone else. I am now ready to really start a shoe business, but even if it sells well, it is absolutely not easy to sell 100,000 pairs at once. If that happens, I will have to start disposing of inventory, and the image of Taean Yanghwa’s shoe brand will only get worse.”

“Boss, it will sell out. The shoes we are producing now are mainly aimed at young teenagers, and young teenagers are crazy about celebrities.”

At my words, Taean Yanghwa CEO looked at me.

“But?”

“The sneakers that will be developed, produced, and sold in Taean Yanghwa this time will be worn by top stars in Korea. This is what is called celebrity marketing.”

“Really?”

“Yes, and if there is any inventory, there will be no dumping to deal with the inventory. All remaining inventory will be collected and incinerated.”

“Our largest shareholder!”

“Why are you so surprised?”

“No matter what, if you burn inventory, the loss will be huge.”

“As the CEO said, the brand image is the most important. And the famous luxury fashion brand companies I know collect and incinerate all unsold products.”

The luxury fashion brand company I was talking about is Hermes.

“Your thinking is definitely different from that of other entrepreneurs.”

“You just need to develop and produce the best products. The sales and distribution strategies will be set by me and the general manager. And this is when you have to use your grandfather’s chance.”

“Did you say it was Grandpa’s chance?”

“There is Samjung Department Store among the affiliates of Samjung Group. It is a department store that competes for the first or second place in the country, and Taean Yanghwa will be located in the most attractive location in that department store.”

“Is that possible?”

“I guess I should show some tricks to my grandfather, who is the chairman.”

Now I speak like an adult, not a teenager.

I plan to go in front of my grandfather and show off my skills like a teenager, or rather, a child.

“Hahaha, I understand. As instructed by our largest shareholder, we will produce 100,000 pairs in advance before selling them.”

dripping!

Then there was a knock.

The secretary came in cautiously, holding a fax in her hand.

[My great-uncle steals manpower from the Samjeong Group headquarters and scouts them to Taean Yanghwa, Taean Industrial, and Young Industrial.]

[Jisung-ah, even if you are the chairman’s grandson, who would go to a small business after retiring from Samjung Group?]

[You can just give me a higher salary. And promise to give me our own fortune.]

[You promise us our stocks too?]

[The ratio may be small, but I think it will have a big impact.]

[Okay, let’s go ahead.]

So, the deputy manager who worked in the general affairs department of the Samjung Group headquarters is now working in the Taean Yanghwa secretary’s office as a secretary and advisor to the president.

“What’s going on?”

As the secretary came in, Taean Yanghwa President asked.

“A fax has been sent from Willa headquarters in Italy, accepting the Willa Korea joint venture proposal and trademark use. Accordingly, we would like to request that you send the personnel who have signed the practical contract to the Italian headquarters.”

“Oh, that really works. Hahaha!”

This is the Taean Yanghwa CEO laughing out loud.

“Sir, you need to supervise the production and sales of new products, so send your secretary to Italy.”

“I guess so. Secretary Woo said you speak Italian fluently?”

Taean Yanghwa CEO did not speak informally to his secretary.

“Yes, I previously worked in the Italian branch of the Samjung Group.”

“Then, I will go on a business trip to Italy as the person in charge of the contract.”

“Yes, I understand, sir.”

After the secretary greeted the president, she bowed to me and left the CEO’s office.

“It really worked out just as the largest shareholder planned. It’s amazing. It’s amazing.”

I already knew this would happen.

‘In a few years, the governor will be able to eat the headquarters.’

Sneakers produced in Taean Yanghwa and sold worldwide under the Willa Korea brand will be a huge success, and while sales in North America and Europe will be slow, Willa products will be successful in South Korea.

“Sir, let’s start developing basketball shoes now.”

If this were before 1985, I would have gone straight to Air Jordan without any hesitation when developing basketball shoes.

It’s 1992, so you need to identify and sign a new basketball star.

“Basketball shoes?”

“The Korean sneaker market is small, so entering the North American and European markets will determine the future of Taean Yanghwa.”

Taean Yanghwa representative, whose mouth drops open at my words.

He just nodded.

* * *

Young Independent President’s Office.

Since a professional lawyer helped establish the corporation, Young Industrial’s corporation was established right away.

Young Industrial was established with an investment of 10 million dollars in capital from Taean Industrial.

‘Young Independence Corporation!’

It was launched as a resource recycling company.

[Is this a form of investing in Young Industrial with Taean Industrial’s capital?]

[Yes, 10 million dollars now would be about 6.5 billion.]

[Probably so. Young Industrial, a resource recycling company, would rather focus on the Russian business than the domestic resource recycling business, as you said to me, right?]

[That’s right. So, I hope that after the domestic corporation is established, a Russian corporation will be established in Minsk, Russia.]

[I see, but since it’s a Russian-related business, why did you separate Taean and Young businesses? They’re both doing business with Russia according to your plans.]

[Because the things they deal with are different, Tae-Wan Industrial is importing the latest Russian weapons, and Young Industrial is literally a scrap metal collection business.]

[I guess that’s not all?]

[Actually, yes, each of them will be a big topic of conversation. In particular, Japan and China will be surprised to see that Young Industrialists are ultimately importing from Russia.]

[What’s that? What could be more surprising than a warship being sold for scrap metal?]

[It’s similar. I’ll tell you later.]

“Jisung, no, investor.”

My uncle Hyuk, the second younger brother of my great-uncle, the president of Young Industrial Company, used to call me by my name, but then he realized that he couldn’t call me by my name anymore, so he started calling me ‘investor.’

“You can call me by my name.”

Episode 31