He is Already a Tycoon at a Young Age! - Chapter 82



Only Krnovel

#082

March 16, 1997, Office of the CEO, Pacific Investment Finance.

The Pfizer Korea representative came to see me.

“The fact that the Pfizer Korea representative came to see me means that the headquarters accepted my proposal, right?”

“Some of them are.”

“Some?”

It was an expected answer, but I deliberately frowned.

“Yes, I was informed that only a portion of your proposal would be accepted. That is why I have no choice but to make a counteroffer.”

“Since you say it’s a proposal, I’ll listen to it.”

They will probably say that they cannot approve the patent license for the AIDS treatment inhibitor held by Pfizer Pharmaceuticals.

“Except for the AIDS treatment inhibitors and rare incurable drugs that Pfizer owns, Pfizer Pharmaceuticals said it would accept your proposal.”

“is it so?”

“Yes, that’s right.”

“It’s a shame. That was the point.”

“I think so too. I guess, when you said you were going to do pharmaceutical business with our patents in Asia and Africa, I thought you were going to give away AIDS treatment inhibitors as a gift.”

As expected, abilities that appear translucent don’t lie.

‘It’s S-class.’

You’ve figured out my intentions.

“You thought so?”

“Yes, I think our chairman thought so too. The business we will be conducting in Asian and African countries will not be limited to pharmaceuticals.”

“That’s true. Although the pharmaceutical business is a core business for the Taean Group, it can’t be everything. However, if you are making a new proposal while showing a reduced scope compared to the previous proposal, you must have prepared an equivalent compensation, right?”

“Of course. That’s why I called it a counteroffer.”

“What do you suggest?”

“It’s a cash reward.”

“Haha, cash reward?”

“Yes, that’s right. We will give you $500 million in cash along with the right to use generic medicines in the Asian and African continents.”

I nodded to the words of the Pfizer Korea representative.

“President of Taean Pharmaceutical.”

“Yes, sir.”

“What about the German pharmaceutical company Bayer?”

“I said I would accept all of the representative’s proposals.”

The CEO of Pfizer Korea was shocked by the words of the CEO of Taean Pharmaceutical.

“So does that mean Bayer Pharmaceuticals has exclusive European sales rights for male erectile dysfunction treatment drugs?”

“There is no formal contract yet. If Pfizer wants to secure exclusive sales rights in Europe, you must also provide the rights to use the AIDS treatment inhibitor. How can I give you more time?”

“No. There are no more additional proposals. It is clear that the male erectile dysfunction treatment developed by Taean Pharmaceutical is a revolutionary treatment for men. However, I cannot make that proposal knowing that Pfizer’s AIDS inhibitor is being distributed free of charge to countries in Asia and Africa. That would cause a huge loss for Pfizer Pharmaceuticals.”

“As expected, you are a person who is very precise in your calculations. I understand. It is regrettable, but I will accept the representative’s counteroffer.”

Now, Pfizer Pharmaceuticals has exclusive sales rights in the Americas for the male erectile dysfunction treatment developed by Taean Pharmaceutical.

‘On the contrary.’

Taean Pharmaceutical will acquire all of the general pharmaceutical technologies that Pfizer Pharmaceuticals acquired upon its establishment.

‘You will see that the relationship between the lumberjack and the tree is developing.’

Once upon a time, a lumberjack without an axe went to a tree and asked it to give him just one branch.

The tree made one condition to the woodcutter: even after the woodcutter’s axe was finished, it was not to cut itself down.

After making the promise, the tree gave him one branch, but the woodcutter cut down all the surrounding trees.

In the end, the woodcutter broke his promise by cutting down the last tree he had promised.

‘It’ll be the same situation.’

The Pfizer Korea representative will also have guessed that this will happen.

“Pfizer Korea representative. I have a personal question.”

“Please speak.”

“Sir, is there any chance that you could become the CEO of Pfizer Pharmaceuticals?”

“yes?”

“Isn’t Pfizer Pharmaceuticals a professional management system?”

“Yes.”

“So, Mr. President, wouldn’t you be able to become the CEO of Pfizer Pharmaceuticals someday?”

“I don’t think it’s possible to get that far.”

“So the goal can’t be the best.”

“It’s unfortunate, but that’s true.”

“Taean Pharmaceutical plans to list on the U.S. stock market in January next year. We also plan to establish a U.S. subsidiary of Taean Pharmaceutical.”

“So?”

“Because Westerners don’t have Asian sensibilities, they don’t think of changing jobs as a betrayal. It’s a very plain sensibility.”

“Are you offering me a scout right now, sir?”

“Yes. If you accept my offer, I will merge Pfizer Pharmaceuticals and I can work with you. I plan to appoint you as the CEO of Pfizer Pharmaceuticals.”

The Pfizer Korea representative looked surprised and dumbfounded by my words.

“Did you say that Taean Pharmaceutical is merging with Pfizer Pharmaceuticals? That is impossible.”

“There is nothing impossible in the future that has not yet arrived. Pfizer Pharmaceuticals has already become a tree that gave me a branch as a lumberjack.”

“That aspect is not without its merits, but Pfizer Pharmaceuticals is a multinational giant. If it acquires exclusive sales rights for the male erectile dysfunction treatment this time, its current market capitalization will increase by at least twice.”

“That’s right. Anyway, I made a suggestion. In my view, you are a very capable person. It’s a shame that such a capable person doesn’t aim for the top position. Please think carefully about the suggestion I made.”

“But, Mr. Taean Group CEO.”

The Pfizer Korea representative glanced at the Taean Pharmaceutical president and then called me over.

“yes.”

“The president of Taean Pharmaceutical is also here. But can you offer me the position of CEO of Taean Pharmaceutical? It doesn’t sound like a good idea from the perspective of Asians, as you just mentioned.”

“The president of Taean Pharmaceutical will be in charge of other affiliates.”

The president of Taean Pharmaceutical nodded at my words.

[Thanks to the CEO’s outstanding management skills, Taean Pharmaceutical, although an unlisted company, has been put on the right track.]

[It sounds like you’re saying I should move to another affiliate.]

As expected, the translucent ability values ​​that I see with my eyes do not show lies.

[Yes, that’s right. Taean Pharmaceutical will reach its peak within 10 years through bio-industry and virus research. And by that time, Pfizer Pharmaceuticals will probably be absorbed into Taean Pharmaceutical through a hostile takeover.]

[As expected, your goals are always different.]

[Thank you. So, I have a new industry that I would like to work in, and I would like you to be the CEO of a new company that will enter that industry.]

[What new industry field do you have in mind?]

[It is not a new concept industry, but it is a business that must prepare for the 22nd century.]

[Sir, are you in the seed business?]

As expected, the ability of Taean Pharmaceutical’s president is S-class.

[Yes.]

[I will take office as the president of Taean Seed Farm.]

Since the decision has already been made, I can make a proposal to the Pfizer Korea representative.

“Oh, I see.”

“Think about it carefully. I think the best should aim for the top spot.”

“I think so too. I have a contract with Pfizer Pharmaceuticals until March of next year, so can I reconsider and decide next year?”

“Let’s do that.”

“Thank you. I will keep what you told me a secret.”

“Thank you for that too.”

Although it is only a general medicine, most of the pharmaceutical technology of Pfizer Pharmaceuticals has been secured.

‘Based on that.’

First, we will take over the Korean pharmaceutical industry.

‘Bayer Pharmaceuticals also agreed to grant licensing rights to a significant number of pharmaceutical patents.’

It is only a matter of time before Taean Pharmaceutical grows into the largest pharmaceutical company in Asia.

* * *

Samjung Group Chairman’s Office.

“Citibank in the US and Deutsche Bank in Germany have agreed to lend 7 billion dollars.”

The chairman of Samjung Group smiled with satisfaction at the report from the financial director of Samjung Group.

“That’s good, Chief Secretary.”

“Yes, sir.”

“What about Ji-seong?”

“I heard that he is scheduled to have a private meeting with the chairman of the Daenam Group today.”

“Jisung is finally taking over Daenam Special Steel, hahaha!”

If Taean Group acquires Seungbo Steel after securing Daenam Special Steel, Taean Group will take charge of one axis of the South Korean steel industry.

In any case, the Samjung Group accepted the advice of Ji Sung, the grandson of the Samjung Group chairman, and focused on securing dollars, and the secured dollars will turn into more than three times the value by December of this year.

Samjung Group and Taean Group, which have strong financial power, were planning to increase the size of their groups by acquiring South Korean companies.

* * *

Daenam Group Chairman’s Office.

“The plan to sell Daenam Special Steel, a key subsidiary of Daenam Group, and use the secured funds to rehabilitate the group seems like a good choice.”

“Hahaha, it feels good to hear such praise from a young investor.”

“It’s not just a compliment from a young investor, it’s the thoughts of a successful investor.”

“That’s true. By the way, you probably know that if you sell Daenam Special Steel through a public offering, you can secure more funds.”

“I know. So I can guess why the Chairman wanted to meet me.”

“If you guessed, then things will be easy. As a side note, I met the head of Pacific Investment Finance once when he was a kid. At that time, I never thought he would become such a successful investor, hahaha!”

“Oh, I don’t remember… I’m sorry.”

“It’s not important. When I think about it, Taean Group is already a group that has no reason to be called a subsidiary of Samjung Group. The next goal of Taean Group is… Entering the steel industry. Right?”

Although the Daenam Group is in a financial crisis, the Chairman of the Daenam Group has an A-class ability.

So you can say this to me.

“you’re right.”

“Then the value of Daenam Special Steel will increase even more.”

“I think that’s true too. So now tell me what you want to offer me.”

“Okay. I will sell Daenam Special Steel to Taean Group for 100 billion won on the condition that Daenam Special Steel is sold to Taean Group. I would also like to receive an investment of 200 billion won.”

I knew this would happen.

“We’ll need a total of 300 billion.”

It is a time when we need to think carefully.

‘It’s not a loan, it’s an investment.’

And in the future I know, Daenam Special Steel will be hit hard by the foreign exchange crisis and the group will dry up as it sells off its affiliates.

‘of course.’

If you sell me Daenam Special Steel, I will be able to secure 100 billion won, so the situation may change.

“I am confident that I can make a comeback if I receive 100 billion won from the sale of Daenam Special Steel and 200 billion won from Pacific Investment Finance.”

“I think that’s likely too.”

What should apply here is the anecdote about the tree and the woodcutter.

【Special Note – When securing 300 billion won in funds, the Daenam Group succeeds as a corporate raider.】

The special features of the Daenam Group Chairman are as follows.

‘So it can apply to me too.’

The damn group has to go down so I can take what’s left of it.

You can’t be a tree that just waits to be cut down.

“But investments cannot be made without caution.”

“Are you refusing?”

“Yes, instead, I will acquire Daenam Special Steel for 120 billion.”

Now the decision is up to the chairman of the Daenam Group.

“Hmm.”

“Now it is up to the Chairman to decide on my proposal.”

“There’s no choice. Okay. I’ll sell Daenam Special Steel to Taean Group for 120 billion.”

120 billion should be used only to revive the Daenam Group.

‘There’s no need to create competitors who will become corporate raiders.’

Taean Group must now establish Taean Steel and, at the same time, proceed with the acquisition of Seungbo Steel.