He is Already a Tycoon at a Young Age! - Chapter 43



Only Krnovel

#043

‘The German research institute probably has no other way.’

There are no companies thinking about getting into the digital music playback business yet. And with the German economy in decline due to reunification, there are no German companies that would want to use the patent.

“3% is fine.”

“Yes, the trademark royalty that Taean Yanghwa pays to the Italian fashion company Willa is also 3%.”

Willa headquarters must be shocked by now.

[Sales of the sneakers worn by the dance group exceeded 300,000 pairs.]

300,000 pairs were sold domestically?

Most middle and high school students in Korea are reporting it.

[And the costumes and accessories worn by the dance group are also sold out. It’s a hot issue from head to toe. Hahaha!]

What the Taean Yanghwa CEO excitedly told me was the lyrics of a future idol.

‘Hot issue from head to toe, hahaha!’

I knew this would happen.

However, domestic celebrity marketing clearly has its limitations.

‘The most we can stretch out to are Japan and Southeast Asia.’

Of course, there is also the Chinese market.

“Yes. And that MP3 player patent needs to be registered not only in Germany, but also in North America and Europe. That way, we can exclusively sell the MP3 player we make later.”

“That’s why we charge a 3% usage fee, considering that part as well.”

“Then, now all we have to do is make the products. The Taean Electronics factory is being built in Pangyo. We are working hard to acquire Korea Semiconductor.”

“If all competitors see it that way, the price of Korean semiconductors will go up.”

“That’s my purpose.”

“But Ji-seong.”

“Yes, great-uncle.”

“What if GL Electronics fails to acquire Korea Semiconductor and Daehyun Electronics acquires it?”

“That is possible, but if Daehyun Electronics acquires Korea Semiconductor, the group itself will probably be shaken within a few years. Daehyun Electronics is also acquiring Korea Semiconductor in order to enter the semiconductor industry.”

In the IMF system that I remember, the IMF even demanded intensive corporate restructuring.

Along with that, the government of the people tried to organize the companies that would be saved and those that would be left to die by setting standards that suited their tastes. In the process, trades between companies took place.

GL Group was forced by the government to sell GL Electronics’ semiconductor division, and the group that acquired it was Daehyun Group. However, Daehyun was hit hard by the unimaginable semiconductor recession and entered court receivership, eventually going through the sale process. The group that acquired Daehyun Electronics at this time was Jinkyung Group, and if the Korean business community does not change through me, Jinkyung Group will own Jinkyung Telecom.

‘What a lucky group.’

About two years after Jin Kyung Group acquired Daehyun Electronics, the semiconductor market returned to a boom period.

So, a stock that was worth 200 won a week skyrockets to 50,000 won.

‘but.’

Since I have decided to take over the telecommunications company that Jinkyung Group is supposed to own, Jinkyung Group’s fate will also change.

‘If the telecommunications company fails, there will be no Jinkyung Semiconductor.’

In the end, Jinkyung Group will remain just an ordinary group and will be eliminated.

“If Ji-seong analyzed it that way, then there is a high chance that it will turn out that way.”

Now my great-uncle trusts my words implicitly.

Ring ring, ring ring!

At that moment, my great-uncle’s cell phone rang loudly.

“wait for a sec.”

“Yes, great-uncle.”

My uncle answered the phone at my words.

“I received a call. This is Park Seon.”

-Brother-in-law, it’s me.

“Yes, sir.”

-Why are you doing this? If my father hears, I’ll get in trouble. Just call me sister-in-law from now on. Hahaha!

I heard the voice and it was my aunt.

‘He knows his place.’

And she is a smart businesswoman and a womanizer. She is also the child who knows best what her grandfather is thinking.

So, he monopolizes his grandfather’s cuteness.

‘I know how to be cute because I’m the youngest.’

And crucially, it’s friendly to me.

“Oh, right, sister-in-law, what brought you here?”

-I’m on my way to my brother-in-law’s house. I’ve already gotten permission from my sister, and we should celebrate my brother-in-law’s appointment as the president of Taean Electronics, even if it’s just as a family.

“Thank you, sister-in-law.”

-I’ll be there in 30 minutes. Hang up first. Brother-in-law~

“thank you.”

My great uncle hung up the phone.

saw me

“Ji-seong, the president of Samjeong Department Store, said that your youngest aunt is coming to see you.”

“I’m coming to congratulate my great-uncle on being inaugurated as the president of Taean Electronics.”

“Jisung, do you think your youngest aunt, the president of Samjeong Department Store, is on your side?”

Unlike the first time, my uncle’s gaze changed slightly.

“Everything will change depending on the situation. Relationships are established amicably when both parties benefit from each other.”

“Does that mean Ji-seong has a business idea you can propose to Samjeong Department Store?”

“Yes, my great-uncle will think the same as I, but there will be no beautiful and brotherly succession. My great-uncle and great-aunt cannot help but side with my father, even for my sake, and my little aunt is an outsider, but she is one of my grandfather’s heirs, so she will have to join hands with one of my older brothers.”

“Yes, in order for Samjung Department Store to completely separate from its affiliates, it would have to acquire all of the shares held by the Samjung Group.”

“When I look at it, I think my aunt will take my father’s side because she thinks he is the least greedy.”

“Yes, but the problem is that Ji-seong is greedy.”

I nodded to my uncle’s words.

“I’m greedy, but I try not to be greedy. The department store business is for domestic use, so there are inevitably limits to its expansion. So you can give it to my aunt. If I’m registered as the second largest shareholder.”

I looked at my great-uncle and smiled.

* * *

That evening, in the living room of Ji-sung’s luxury apartment.

“Congratulations again, brother-in-law~”

My aunt is very perceptive. And she seems to know her place well.

‘You’re saying you’ll be satisfied with just one department store?’

Still, the reason he came to me and tried to maintain a good relationship with his great-uncle is probably because of the Samjung Group’s stake in Samjung Department Store. After acquiring all of the stake, he would like to separate the group and become independent.

If my grandfather had a change of heart and decided to use the Samjung Group’s stake in Samjung Department Store to remove my aunt from her position as president, my aunt would truly be an outsider.

“Thank you, sister-in-law.”

“There is Samjeong Electronics, so is there another plan for your father to establish and support Taean Electronics?”

“It’s for independent business.”

“is it so?”

“As you know, we are currently in the process of taking over Korea Semiconductor.”

“Come to think of it, my father-in-law is quite persistent.”

My little uncle was talking about my big uncle, and even I, a young child, can tell that he is not a fool.

“Because he gave instructions not to support the GL Group no matter what happens.”

It was not right to bring up the GL Group in front of my great aunt. Perhaps that was why my little aunt glared at her husband.

“That’s just how corporate competition is.”

“It’s okay, it’s okay now.”

The older aunt said to the younger aunt.

“I’m so glad you said that, but Sister.”

It seems that now my aunt is about to tell me why she came here.

“why?”

“I came to talk business with my sister.”

“Business story?”

My great aunt looked at me and asked my little aunt the same question.

[Jisung-ah, aren’t you used to calling me mother?]

[There is nothing familiar from the beginning.]

[I think so too, so just call me aunt like you used to.]

[I’m fine.]

[No, I think that would be better.]

That’s what my great aunt said to me a while ago. So naturally, I stopped calling her mother and started calling her “great aunt.”

‘Because science is advancing.’

Infertility medicine is also developing. Maybe one day my great aunt will try IVF and finally bear fruit. If that happens, my great aunt’s heart may change a little… But it’s more important for me that the people who love me live happily.

“I think my aunt is going to talk about stocks.”

When I saw through her own mind, my aunt gave me a look that said, “You are different after all.”

“Hohoho, so that’s why Jiseong’s father thinks highly of him. Hohoho!”

“Because Samjeong Department Store and Gaya Hotel have a lot in common in terms of equity.”

In fact, my great aunt is a person similar to my father.

‘I have no talent for business.’

So my great-uncle focuses on the art gallery work that suits his aptitude. In fact, a businessman should have a sharp side and a ruthless side, but my great-aunt doesn’t have that. That’s why when my little aunt said she came to talk about business, my great-aunt saw me.

“What do you think Ji-sung has in common?”

My aunt asked me.

“If my grandfather changes his mind, both of my aunts will become outsiders. My youngest aunt is the largest shareholder of Samjeong Department Store, but I don’t remember how much stock she owns.”

“It’s about 17%.”

My great-uncle just told me that.

At that moment, my little aunt looked at my big uncle carefully.

“Oh, I see. It’s 17%. The shares held by the friendly major shareholders are still under your grandfather’s sphere of influence. So, aren’t you here to propose exchanging the shares of Samjeong Department Store held by Gaya Hotel?”

“Wow, as expected, father’s perspective is different, haha, Ji-seong, you are truly amazing.”

When my little aunt praised me, my big aunt laughed.

“What do you think, brother-in-law?”

“Sister-in-law, I don’t think my opinion is important. As you know, my sister-in-law is the largest shareholder of Gaya Hotel.”

“What do you think, Sister?”

“Misu, I don’t know much about business, and I’m not interested in it.”

“then?”

“You should discuss it with your brother-in-law and Jiseong. I’m already busy just working at the art gallery, hahaha!”

Being free from greed is probably the most basic condition for living a peaceful life.

“What does your brother-in-law think about your sister acting like that?”

“I agree with Ji-seong’s thoughts.”

The little aunt was surprised again by her great uncle’s words.

“Does that mean Ji-seong is that great?”

“I think so.”

At my great-uncle’s words, my little aunt said something to my uncle with her eyes. My uncle shook his head and looked at me blankly.

‘Why do you look like that?’

I don’t really understand what those eyes mean.

“Uncle, why are you looking at me like that?”

“Everyone says that Ji-seong is great, but I feel sorry for you.”

“yes?”

“You’re a middle school student now. A child has to act like a child and be protected while also being busy playing, but you have to judge and discuss things that adults do, especially things related to the Samjung Group. I really feel bad for you, Ji-seong.”

I thought my uncle was a very stubborn person, but he turned out to be like this.

‘The way we look at things is different.’

And I couldn’t help but think about how frustrated my uncle must be, seeing as such an emotional person is the chief prosecutor of the Republic of Korea.

“Uncle, thank you so much for thinking of me that way.”

Episode 44