He is Already a Tycoon at a Young Age! - Chapter 79



Only Krnovel

#079

“Jisung, did you just say electric car?”

When I mentioned electric cars, my grandfather couldn’t hide his surprise.

“Yes, because you can’t win with a regular car, and when you enter a new business, it’s important to adapt to the industry structure, but I think it’s also a way to break the mold.”

“Hahaha, that’s typical of you. I really like the idea of ​​breaking the mold, and now I understand why Taean Electronics expanded its battery division to that extent.”

“Secondary batteries will play an important role in future industries. And the Secondary Battery Development Research Institute under the Taean Electronics Battery Division is also focusing on wireless battery research.”

“Wireless battery?”

“Yes, all electronic products will change from wired to wireless and connected to the Internet in the future.”

My grandfather nodded at my words.

“and?”

“The wireless battery being developed will have performance far superior to that of batteries currently on the market from other companies.”

“That way we can be competitive.”

“If the capacity of wireless batteries is dramatically improved, my father’s cell phone will also become more competitive.”

“Jisung-ah.”

My father, who had rarely expressed his own opinion until then, called me.

“Yes, father.”

“Now, Ji-sung, it seems like all the puzzles you’ve been thinking about are coming together. I was wondering why you were suddenly trying to take over the semiconductor division of GL Group even though the semiconductor industry was still in a slump. But now I understand.”

“Yes, because electric vehicles require a lot of semiconductors, unlike regular cars. To put it simply, electric vehicles will be called smart cars in the future.”

“Smart car? Hahaha!”

“Yes, they will also be called eco-friendly cars. Perhaps in the future, the US and European countries will pretend to care about environmental issues and pressure their competitors.”

In fact, the ones who have destroyed the Earth’s environment so far have been the superpowers of the United States and Europe.

But then they suddenly started claiming that business activities should prioritize the environment.

Anyone can see that this is intended to put pressure on competitors.

‘They used it all and ruined it.’

It is hypocritical to now claim that the environment is a priority.

In fact, Asian countries including South Korea and Central and South American countries are not ready to engage in eco-friendly business.

“That may be true.”

“In that respect, electric vehicles are like the key to solving all problems.”

“Yes, then Taean Group will establish an automobile company in Korea.”

“No, that’s not it.”

“That’s not it?”

“Yes, father, we will establish it in California, USA. We have already decided on a name.”

“okay?”

My father and grandfather looked surprised at what I said.

“Yes, it’s a Tesla.”

“Tesla?”

My grandfather asked me.

“Yes, Nikola Tesla was a revolutionary in electricity, and that’s why he named the electric car company Tesla.”

In fact, I am thinking about acquiring Daenam Special Steel because I am thinking about electric vehicles. I have also decided to acquire Seungbo Steel.

‘The hardware of electric vehicles.’

Filled with steel plates from Daena Special Steel and Seungbo Iron and Steel.

The plan is to build semiconductors, which can be called the brain of electric vehicles, by forcibly acquiring GL Electronics’ semiconductor division.

‘Then what knowledge will be stored in that brain?’

Of course, it’s artificial intelligence.

It’s autonomous driving.

“If Ji-sung’s plan goes as planned, Taean Group’s core businesses will be telecommunications, pharmaceuticals, and electric vehicles.”

“I’m going to include steel too.”

“Steel too?”

“Yes, so I am thinking of acquiring Seungbo Steel and Daenam Special Steel.”

At my words, my grandfather and father came up again.

“Promotion season?”

For the first time, my grandfather frowned.

“You also know that Seungbo Steel’s debt is over 5 trillion won.”

“There is no one in Korea who does not know that fact. That is why it is a company that should not be acquired.”

“I know, but the Blue House VIP is a company that needs to be dealt with somehow and as quickly as possible.”

“so?”

“Grandpa, as I have told you before, the steel mill is essential for the Samjung Group and the Taean Group. First of all, the Samjung Group has Samjung Heavy Industries, and Samjung Defense, a subsidiary of Samjung Heavy Industries, exists. So, more than anyone else, they need steel plates. They also need special steel.”

“That’s true.”

“So, before I take over Seungbo Steel, I plan to take over Daenam Special Steel as well.”

“Do you have the funds to do that?”

My father asked me with a look of disbelief.

“It’s not enough, but the Southeast Asian economic crisis will now give me huge investment returns.

As I told you, I have already invested in Thai Baht futures.”

“As expected, you are bold.”

“Yes, Grandpa, I have to have what I absolutely need.”

In every way, I am a workaholic.

And it’s an investment addiction.

‘actually.’

Since you’re a reincarnation, you can live a little more comfortably.

To put it bluntly, my life won’t change even if I secure this much capital.

Because I still have everything I need.

But it’s also absurd not to use the future I know.

There is no reason not to pick up the treasure that is rolling around on the floor, so I continue to invest like this.

“Okay. First, Ji-sung will do his best to secure the dollars you suggested.”

“Yes, Grandpa, I can tell you and Dad for sure that the one who has the dollar will wear the crown of the Korean business world. I gave the crown to Grandpa today.”

“A crown, hahaha. It’s too heavy for an old me to keep wearing, so you should take that crown back quickly. Come to think of it, it’s already this late. Aren’t you feeling a little tired?”

The first thing that comes to mind when I hear my grandfather say that is kimchi roll noodles.

“Yes, father, I will have kimchi roll noodles prepared.”

“Yeah, now I can leave everything related to the group to Jisung and live comfortably without worry. Hahaha!”

My grandfather seemed to trust me completely.

‘If this continues, before I turn 30.’

Samjung Group and Taean Group may merge.

If that happens, the Samjung Group, which was ranked 1st or 2nd in the business world, will disappear into the back pages of business history.

‘I am more interested in the title of 4th generation chaebol of Samjung Group.’

Because I like the title of Taean Group founder better.

* * *

March 9, 1997, Taean Pharmaceutical CEO’s Office.

“Even if I were the chairman of Taean Group, I don’t think this is something I can decide on my own.”

Taean Group Chairman Lee Jin-ho spoke to the president of Taean Pharmaceutical.

“Yes, that’s true. In fact, I’m also surprised by Pfizer Korea’s proposal.”

“Of course. It’s a new drug that we’ve invested a huge amount of money in research for years, and they’re suggesting that we eat it raw.”

“But it’s still quite radical. They’re offering $2 billion for a single patent for a new drug.”

“If Pfizer spends $2 billion on patent acquisition, it must mean that it can make more than $100 billion in profit. The largest shareholder will be here soon, so report in detail then.”

“Yes, I understand.”

Ji-sung was now moving from the Pacific Investment Finance Building to the Taean Pharmaceutical building.

* * *

Daehyun Group Chairman’s Office.

Daehyun Group was forced to officially retire from business after Chairman Jang Ju-young failed to solidify his position in politics.

So, Daehyun Group is currently in the second-generation management system.

In any case, it is no exaggeration to say that the Daehyun Group is currently barely holding on to the civilian government’s retaliation.

The person currently leading Daehyun Group is Chairman Jang Ju-young’s eldest son.

Although Chairman Jang Ju-young became honorary chairman, he still held all the power.

“Ultimately, Daehyun Group’s core businesses are shipbuilding, automobiles, and construction.”

The chairman of Daehyun Group called in the executives of Daehyun Group and spoke about Daehyun Group.

“Yes, sir, that is correct.”

“After I took office as the chairman of Daehyun Group, I declared value management. So I plan to maximize the value of Daehyun Group, and to do that, I absolutely need Seungbo Steel to be put up for sale.”

“You mean the season of promotion?”

One of the Daehyun Group executives looked surprised.

“Why are you so surprised?”

“Mr. Chairman, Seungbo Steel’s debt exceeds 5 trillion won.”

“Is there anyone who doesn’t know that? The important thing is that if we change Seungbo Steel into Daehyun Steel, the profitability of the shipbuilding and automobile businesses will increase.”

Most of the executives and employees of Daehyun Group nodded in agreement with the words of the second chairman of Daehyun Group.

“That’s true. After all, the price of steel plates, which are the body of a car, will increase over time.”

Daehyun Group Chairman nodded at the words of one of the executives.

“Actually, I didn’t call a full executive meeting to say this. There’s a separate announcement for the big day.”

The acquisition of Seungbo Steel was a surprise to all executives of Daehyun Group, but everyone was surprised when they heard that there was a separate announcement for the real deal.

“yes?”

“We need to somehow acquire Geoha Automobile and achieve economies of scale, at least domestically.”

“Are you saying that you are preparing to take over Geoha Automobile as well?”

Some executives looked at me as if they were wondering where the money for that was, but they didn’t say anything out loud.

“If we acquire only Geoha Automobile, we will be able to sell automobiles almost exclusively. Then, more than 80% of the automobiles on the road will be Daehyun Automobiles.”

“That’s true, but….”

“And one more thing.”

Daehyun Group Chairman continued to make explosive statements today as if he had caught the moment.

“We plan to embark on a project to develop a new type of next-generation automobile other than an internal combustion engine automobile.”

“Did you say next-generation car?”

“Yes. Many energy experts say that hydrogen will be the energy of the future, so we are starting to develop cars that run on hydrogen.”

Daehyun Group’s next-generation automobile blunder started here.

In fact, if hydrogen cars are fully developed, it will be a revolution for car drivers and the fuel problem will be solved.

Of course, the company supplying the hydrogen will be an affiliate of Daehyun Group.

“Mr. Chairman, I think the hydrogen car development project is premature.”

One of the executives stepped forward, feeling that it might not work out.

“Executive Director Oh Seong-su?”

“Yes, Chairman. The hydrogen car development project should not proceed yet. And what kind of funds do you have to announce that you will acquire Kiha Motors at the same time as acquiring Seungbo Steel? The Honorary Chairman will not approve.”

Daehyun Group Chairman frowned at Executive Director Oh Seong-su’s words.

“Mr. Chairman, I am in charge of research related to the automobile industry, and all the things you have announced are premature. As I said earlier, I am sure the Honorary Chairman would be against it.”

After hearing what Executive Director Oh Seong-su said, the other executives were cautious, thinking that he had crossed the line.

In fact, although the current chairman of Daehyun Group has taken office, he has not completely succeeded to Daehyun Group.

“Executive Director Oh Seong-su is truly outstanding in ability, but… it won’t work out.”

“yes?”

“Please come to the Honorary Chairman’s Office starting tomorrow.”

“Yes, Chairman.”

“I am the current CEO in charge of Daehyun Group. Not my father… but me.”

Everyone has a sore spot.

And if you touch that sore spot, you’re in trouble.

Today, Executive Director Oh Seong-su touched something that should not have been touched.

‘I must take this opportunity to really get rid of my father’s people.’

The second chairman of Daehyun Group was fully aware that his position was not perfect.

Because of this, a war of succession called the Prince’s Rebellion broke out in the Daehyun Group.