He is Already a Tycoon at a Young Age! - Chapter 41



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#041

“Yes, and Taean Electronics will never instruct Team Leader Jang Ji-hwan to do anything like creative accounting. If you try to cover the sky with your palm, you will never succeed in any field.”

“Really, the CEO looks young to anyone, but he thinks differently. I think that’s why the saying that people from wealthy families are different is true.”

“It’s not that I’m different because I come from a wealthy family, it’s that I’m different because I’m a genius.”

It may sound unfortunate when the person involved says this, but it is true.

“Oh, yes, you are a genius. If the genius, the director, has instructed me to do so, I will do my best to acquire Korea Semiconductor. If the acquisition cost is over 300 billion won, then I am incompetent if I can’t do it.”

“Yes, we can proceed right away. Mr. CEO, please talk a little more with me about the establishment of Taean Electronics.”

“Jisung, the chairman is waiting.”

“If you get tired of waiting, you will come and see your grandson.”

In response to my words, my uncle made a face as if he would never do that.

“Then I will go out now.”

Team leader Jang Ji-hwan went out.

My great-uncle saw me.

“You have to deceive everyone to succeed.”

“Yes, that’s how you can succeed, and please ask your uncle to use the head of the news department to report the establishment of Taean Electronics as news so that the president of GL Electronics can get excited.”

“If Taean Electronics is established in my name and I jump into the acquisition of Korea Semiconductor, Samjeong’s position will decline, right?”

“Yes. My father is not the opponent. So he will try to acquire more. I am sorry, but if my uncle thinks he is losing in the acquisition of Korea Semiconductor, the president of GL Electronics will be cornered.”

“Yes, in a word, your management ability is being questioned.”

“Even if others don’t think so, those who have to keep their positions will think so.”

“Okay. After I announce the establishment of Taean Electronics, I will go to Germany myself.”

“Yes, I was going to ask you that too.”

“Anyway, Ji-sung, you always surprise me. Hahaha! I’m surprised that you can even think of playing a song digitally.”

“I think I’m pretty great.”

“By the way, if the music player that you created with your ideas becomes mainstream, Saehan Group could face a crisis.”

Saehan Group is a group that owns Saehan Media, which mainly produces cassette tapes and video tapes, and is a subsidiary of Samjung Group.

And the founder of Saehan Group is also my grandfather’s second older brother.

“That could be the case.”

dripping!

Just then there was a knock.

“Come in.”

“Mr. Ji-seong, the chairman has arrived.”

My grandfather came in person because he was too lazy to wait.

‘then?’

Maybe my grandfather had figured out my plot in advance.

“The Chairman?”

The great-uncle asked the housekeeper.

“How long will Mr. Park keep calling me Chairman? It’s so frustrating.”

My grandfather said as he came into the room I used as an office.

“I’m sorry, Chairman, no, Father-in-law.”

“Even though I am a craftsman, I want to be called father more than craftsman.”

From what I’ve seen, my grandfather seems really grateful to my great-uncle who promised to love and protect my great-aunt for the rest of her life.

‘When my uncle called my grandfather ‘Father.’

I saw my grandfather’s serious face. But now, when he said that he wanted to hear the word ‘father’ from his mouth, my grandfather was really grateful to his great-uncle.

“I’m sorry, Master.”

“Okay, it’s probably too much for the wall window, Ji-seong.”

“Yes, Grandpa.”

“There are few people in South Korea who make me wait.”

“I was just about to leave.”

“Lady, please close the door when you leave.”

“Yes, sir.”

The housekeeper immediately closed the door and left.

“Jisung, can I ask you one thing?”

Grandfather’s eyes changed.

* * *

Inside the car carrying the Samjung Group Chairman.

‘Jisung is definitely different.’

The chairman of Samjung Group had his eyes tightly closed.

[I plan to make GL Electronics acquire Korea Semiconductor and spend more than 300 billion won.]

[Didn’t you say you were going to acquire Korea Semiconductor?]

[Grandpa, if cancer grows inside the body, the person will eventually die.]

[Is Korean Semiconductor the Cancer That Will Kill GL Electronics?]

[Yes, if cancer cells form in the body, it is often difficult to completely cure them even with treatment. If the expression cancer cells seems strange, you can think of Korean semiconductors as a Trojan horse.]

[That could happen, but GL Electronics is competing for the top 1 or 2 spots in the non-memory semiconductor sector. On the other hand, Samsung Electronics has not entered the semiconductor market at all. Originally, it should have entered 15 years ago.]

[If they had entered the semiconductor business at that time, Samsung Electronics would have been different. However, if they enter now because it was delayed by 15 years, they will suffer greatly. Grandfather, the internal reserves that GL Electronics had will be used to acquire Korea Semiconductor, and capital will be consumed again as they expand the memory semiconductor plant.]

[Of course, if you take over, you have to invest.]

[In the process, overseas large semiconductor companies are already ready for the chicken game. So, if GL Electronics wants to survive, it will need to invest a significant amount of money. GL Electronics will invest all its capital in the semiconductor business, so it will be difficult to invest in the development of other electronic products.]

[What you said has some validity.]

[When we developed the kimchi refrigerator, we also developed the French-door refrigerator and succeeded. French-door refrigerators have already defeated Japanese refrigerator companies in the North American market. They are competing for 1st and 2nd place in terms of market share. So, while GL Electronics was struggling in the semiconductor business like pouring water into a bottomless pit, Samsung Electronics invested R&D funds in the development and production of mobile phones and along with that, dominated the home appliance market.]

[Dominating the home appliance market this time?]

[Yes, the talking rice cooker Cuckoo is also dominating the Japanese, Chinese, and Southeast Asian markets. In other words, the era of the Japanese elephant electric rice cooker is over.]

[You are right.]

[I think it is time for Samsung Electronics to challenge large-screen TVs. And I think it should secure air conditioner development technology. After solidifying its foundation in this way, after a few years, it can take the semiconductor division away from GL Electronics, which has a cancer cell called Korea Semiconductor spreading all over its body.]

“As expected, it’s Ji-seong. Hahaha!”

The chairman of the Samsung Electronics Group said this without realizing it, recalling the conversation he had had with Ji Sung.

“Director Kim.”

“Yes, sir.”

“Wouldn’t it be fun if you looked forward to tomorrow more than today?”

“Yes, I think so.”

“That’s how I am these days, hahaha!”

* * *

A week later, in the GL Electronics president’s office.

“It wasn’t Samsung Electronics, but Taean Electronics that jumped into the acquisition battle for Korea Semiconductor? Taean Electronics is a company I’ve never heard of, so why are you reporting it to me?”

“Sir, Taean Electronics is a company founded by Park Seon, the eldest son-in-law of the chairman of Samjeong Group.”

“Park Seon-i?”

“Yes, that’s right. It seems that the reason Samjung Electronics gave up on acquiring Korea Semiconductor was a trick by the chairman of Samjung Group to acquire Korea Semiconductor through Taean Electronics.”

“A trick?”

“Yes, that’s right. People in the business world are already talking about the Korea Semiconductor takeover battle as a rematch between the Samjung Group and the GL Group.”

“Yes. But if we do this, the other person’s level will be lowered.”

The president of GL Electronics was talking about something completely different.

“It’s not that there is no such part at all.”

“It’s not that there isn’t anything like that. Anyone can see that I am the eldest son of the GL Group and also the successor to the GL Group. And the president of Samjung Electronics is also the eldest son of the Samjung Group and one of the successors to the group. That’s why it’s a competition, but you’re saying that I have to compete with a company founded by my son-in-law. Damn it!”

It was the president of GL Electronics who immediately made an impression.

‘The old craftsman was very upset because he couldn’t catch me.’

The president of GL Electronics had no choice but to think this way.

“I think the rich will push it in that direction. If anything.”

“Are you saying I’m going to lose this fight?”

He is the president of GL Electronics who gets irritated for no reason.

He couldn’t help but be sensitive. He kept hearing what other people were saying. And his family also started to question his management ability, so he reacted this way.

“That’s not it. If the acquisition of Korea Semiconductor fails, I apologize.”

“That’s what the old master is after. It’s never going to happen, but he’s trying to make me look like the eldest son who lacks management skills after preventing me from acquiring Korea Semiconductor. The one who really lacks management skills is his own son, but he doesn’t know that and is acting so viciously because he’s burning with revenge against me. You called him Taeanja, right?”

“yes.”

“It’s my old father-in-law’s scheme to have Taean Electronics acquire Korea Semiconductor so that GL Group will doubt my management ability. No matter how new the electronics company is, my old father-in-law will support Taean Electronics with all his capabilities. I know that gentleman’s personality better than anyone else. Once he has chosen someone, he will not let it go.”

That’s why he became the chairman of the best conglomerate in South Korea.

“If that happens, many problems will arise. There has been an atmosphere within the group that successors should be chosen based on ability rather than eldest son succession.”

“Are the major shareholders of the Samjung Group also making that claim?”

It was the GL Electronics president who could guess how the Samjung Group chairman would react.

“Yes, that’s right.”

“Look, the old master is such a cruel man. He is desperate to bring me down by any means necessary. I can’t just take it. How much is the man’s reserve fund?”

He was now the president of GL Electronics who could never give up on Korean semiconductors.

“There are 300 billion won in funds prepared for the acquisition of Korea Semiconductor and 250 billion won in funds secured to weather the semiconductor slump.”

GL Group has also prepared a lot of things.

And GL Group also jumped into the acquisition of Korean semiconductor companies while anticipating a recession in the semiconductor industry.

“I have to acquire Korea Semiconductor no matter what. Tell the acquisition team to think of an additional 50 billion won for the acquisition price.”

“Sir, if you add 50 billion, it will be 350 billion.”

350 billion was an amount equivalent to twice the appraised value of Korean semiconductors.

“I have to take over no matter what. If I lose here, my position itself will be shaken. I can’t just give in to it like I did with the kimchi refrigerator last time.”

“However, if we invest additional funds, there may be problems in setting up research budgets for new product development.”

“I told you, developing new products isn’t important right now. Got it?”

The close associate director had nothing more to say as he was given the order without any hesitation.

“Yes, I understand.”

It was the president of GL Electronics who was completely caught up in Ji-seong’s scheme.

Episode 42