Son of a Conglomerate at the Highest Level - Chapter 119



＜ Blue House Luncheon (1) ＞

The defense industry refers to all companies related to national defense-related equipment and facilities required by the country.

In Korea, the government usually invites the presidents of large conglomerates to enter the defense industry in the name of patriotism, or the government distributes work to foster small and medium-sized enterprises.

“Jeonghyeok-ah, if you speak of Bangsan…”

“If it’s Taeseong, you don’t have to be obsessed with delivering supplies to the domestic military. Shouldn’t it go in the form of producing and supplying civilian and military supplies at the same time?”

If there is a system that produces defense materials, it is usually divided into three types.

It is a form of supplying goods to the military even in peacetime, producing military and civilian goods in parallel, or making civilian goods in normal times and converting them to military production only in times of war.

“Among them, it would be better if they were in charge of fields that require high-level technology.”

For example, armored vehicles, tanks, warships, and fighter jets.

Taeseong means technology.

This is also the reason why I dare to take over the Wookwang Research Center.

Although Taesung has its own technology development research team for each affiliate, it does not operate a separate specialized technology research center.

“My grandfather must have been under a lot of pressure. From the Blue House.”

For a moment, Grandpa’s eyes sank deeply.

Seeing as I couldn’t bear to say no, it seems that there was a lot of trouble that I couldn’t talk about.

“Unlike Woogwang, Taeseong focused on technology development and facility investment. Thanks to that, even if I behaved stiffly, the Blue House only noticed me. I wondered what the reason was?”

Maybe it’s because the government is expecting something.

“When the government implemented the heavy and chemical industry priority promotion plan, were large conglomerates forced to participate as if they were assigned?”

“okay.”

“As a result, Tae-seong jumped into chemistry and automobiles, and Woo-gwang was in charge of steel and shipbuilding.”

“right.”

“Actually, I wondered why Taesung chose automobiles and chemistry.”

I fumbled through the Wookwang Chemicals documents with my fingertips.

“In Korea, Hyunmoo Chemical, which has already succeeded in developing its own dynamite, is in charge of a major defense industry, right?”

“Jung Hyuk.”

“I have another question. Why is Woo-gwang, who has more actively participated in the government’s industrial verticalization plan than Tae-seong, aiming for Tae-sung Chemical now?”

Woogwang was active in the lobby and was the best business-political company in Korea.

If that’s why Woo-gwang showed his claws 7 years after establishing Chemistry together with Tae-sung,

“The government is gritting its teeth and pushing for defense production. Right?”

“okay.”

“Did Woo-gwang use that as an opportunity to actively try to overcome the crisis in the defense industry?”

“Because there is no way to make up for the accumulated deficit in steel.”

In a word, it was said that he was trying to fill a hole in his pocket by robbing the defense budget.

“Whoa. This f*cking country where entrepreneurs can’t just focus on business.”

Grandpa let out a low sigh.

Then, he nodded slowly.

“It’s time for Taeseong to make up his mind. If you don’t, you’ll have to take on the development of nuclear weapons.”

“Is that why you decided to hand over Taesung Chemical, which you have worked so hard for, to Woo-gwang?”

“…!”

Grandpa opened his mouth.

Then, he turned his head to Secretary Kim.

“Secretary Kim, by any chance this…”

“Not me.”

“Then, Mr. Shim?”

“Neither will that. Do you not know the personality of President Shim?”

Only then did Grandpa turn his head and look at me with trembling eyes.

“So you’re saying that Jeong-hyeok inferred all of this by himself?”

So who tells an 8-year-old about this?

“Now is not the time to question that. It’s time for Taeseong to decide whether to enter the defense industry.”

“Yeah, that’s the limit now. It’s a dead end.”

“If it becomes unavoidable, you have to jump in confidently and do your part properly.”

“Are you eating properly?”

“You said it earlier. ‘If you have to face the cold frost in the middle of winter anyway, how to survive only the biggest one when all the chaffs are dying’. Let’s become a defense giant, we.”

“······uh?”

I grinned.

“What if you don’t know a little about politics, and what if you can’t do lobbying? If Taeseong falls, Bangsan will collapse, so no one can touch it.”

“…!”

“Why does the Department of Defense call for more firepower and stronger firepower every day?”

That’s because of the Korean War.

During the 6.25 War, one participant said that he left such a note in his notebook.

-If only we had tanks.

“Korea is a truce country. Do you think the government will cut the defense budget even if a war breaks out immediately due to the oil shock?”

From noble mtl dot com

No way.

“In times of crisis, the defense budget is increased.”

“North Korea is looking for an opportunity to spy on you, but you can’t stop paying attention to national defense, even if you don’t know anything else.”

In the same sense, sooner or later, the president will hold a press conference to announce the start of developing various weapons.

“If we have to enter the defense industry anyway, we have to look at exports as well.”

“Even export to defense? Will that work?”

“Isn’t there anything that can’t be done?”

I grinned.

“There are no factories in Taeseong, no distribution lines, no technical skills?”

Like all large corporations of this era, Taesung also grew in size through exports.

In particular, distribution, which was handled by the second eldest father, was to the point of establishing a separate overseas branch thanks to exports.

I tried to oversee trade and distribution by giving Shim a seat.

‘Sooner or later, large and small international conflicts will begin. Starting in March, Israel will invade southern Lebanon to thwart Palestinian terrorist attacks.’

In the same month, the Italian terrorist group Red Brigades kidnap former Prime Minister Aldo Moro.

In April, when the U.S. presses with Korigagate, the president proudly observes performance tests of domestic high-performance tanks.

Also in the Republic of Afghanistan, a military coup takes place, killing the president and his family and establishing a communist dictatorship.

In May, Iranian university students will begin an anti-government protest, and in August, 477 people will be killed in clashes with the Iranian military and police. The Iranian Revolution begins.

That’s how the second oil shock breaks out.

‘There is only one year left before the oil crisis breaks out and the oil hole is put up for sale on the market.’

In order to take over Yugong, it is impossible to use only the funds that Taeseong and I have.

A loan is essential.

‘When you go abroad to borrow money, you can’t go empty-handed and beg, right? Of course, I have to propose a win-win deal while holding out a tempting card from that side.’

I grinned.

“Saudi Arabia, which advocated resource nationalism after the Middle East War, is pouring its overflowing oil money into defense and construction after the oil shock?

That’s what started the construction boom in the Middle East in the 1980s.

And that’s not all.

Until the 21st century, the Middle East pours astronomical amounts of money into defense spending.

The US’s annual defense budget alone amounts to 800 billion dollars, China’s 300 billion dollars, and Saudi Arabia’s 68 billion dollars.

‘In the Middle East, which is just trying to drive out the Western powers, it’s a mess because they can’t get weapons.’

Calling is worth it, and it sold so hot that people say that picking up blind money is the owner.

“I will sell it well.”

Originally, in a place where war breaks out, military supplies merchants make a lot of money.

The Middle East is now the world’s greatest powder keg.

match. match. match. match.

Who gave the applause?

While the grandfather opened his mouth and let out a blank laugh, Secretary Kim exclaimed in admiration and clapped his hands in an undisturbed manner.

“As expected, our son-in-law! You must have a plan!”

* * *

It was only after the body search had been completed that the Blue House bodyguards reached out their hands.

Chairman Cha held out the invitation to the Blue House luncheon he had brought with him.

“Chairman Cha of Taesung Group and CEO Cha of Taesung Construction, please eat inside.”

Blue House bodyguards opened the door to the banquet hall.

A super-large round table that can comfortably seat 30 people appeared.

In front of the round table, nameplates were attached one by one.

The name of Chairman Cha of Taesung Group was relatively close to the owner of the seat of honor, but the name of Seong-Jun Cha of Taesung Construction was in the lowest place.

“President Cha, welcome back.”

The presidents who came first raised their hands to welcome them.

He was the chairman of Samhwang, Ilseong, Roksan, Keumjo, Hyeonmu, Cheonma, and Sanguk.

“Did you hear? I heard that the New Year’s report meeting yesterday was a mess.”

“Yes, I heard that the military and administrative leaders involved in the bribery at Wookwang Construction were groaning.”

“It was caught properly, so it was bound to break. On the other hand, the Chief of the Blue House Security Office, the Chief of Staff, the Chief of the Central Bureau, and the Army Security Commander received three glasses of alcohol from His Excellency.”

Chairman Cho of Keum-jo whispered more subtly.

“Even though he rose to a high position, he was rewarded for taking care of state affairs with integrity and with a patriotic heart.”

Chairman Oh of Hyunmoo also added a hint.

“Thanks to that, His Excellency’s confidence seems to have grown stronger. They are all attending the luncheon at the Blue House today.”

“Isn’t it that high-ranking administrative officials, including the former mayor, are also going to stand around like a folding screen?”

“It means that the words were deliberately spilled so that this sound entered our ears.”

Chairman Kang of Roxanne refined his voice.

“This is your Excellency’s warning that if you act nonsense like Woo-gwang, you will be punished.”

“It seems that they are determined to eat the sunken Woogwang.”

“Other than that, there’s no reason to invite military and administrative leaders to a political luncheon, I mean.”

Group heads expressed subtle expectations.

“Even if my aides eat Woo-gwang, there is a limit.”

“It’s something to get rid of by taking a good share with stocks. But the company remains.”

“The stock price fell to the bottom and then rebounded in an instant, so we should see a lot of losses.”

Aides are the heads of the military and administration.

What they wanted was money, not the management of the company.

On the other hand, what the CEOs wanted was management rights and interests in the company.

“If Woo-gwang collapses, the national economy will collapse. We can’t leave it like that.”

“I am willing to bear arms for the economic and industrial development of this country.”

“I guess His Excellency summoned all the political and political parties to discuss it?”

In a word, they were eyeing to acquire Wookwang affiliates at a low price.

“Isn’t there anything we can fight to die among ourselves?”

“Let’s help each other in moderation.”

A place of collusion formed in an instant.

Chairman Cha swallowed dry saliva.

“Is Chairman Kim of Woogwang still there?”

“Why would that friend come here?

Chairman Cho of Keum-jo snorted.

“Isn’t it a situation where even if you are in the position of the general manager, you have to get out of the way with the excuse that you were hospitalized?”

“I’m sure you’ll be under fire enough to tell me to go away from the hearing. How are you going to handle all that anger with that pride?”

jump!

The banquet hall door opened, and a particularly young man walked in, compared to the older gunmen.

“This is Woogwang’s Kim Daesik. It’s been a while, Chairman.”

He politely bowed and greeted the group leaders.

“Because my father resigned from the post of general manager, I am attending this event as a representative of the general manager. I wish you well today.”

“Gluttony.”

“President Cha is also here.”

Kim Dae-shik of Woo-gwang glanced at Cha Seong-joon of Taesung Construction and then looked back at Chairman Cha with a smile.

“It is regrettable that I married Seongjun. In many ways.”

It was a look and tone that was not regrettable at all.

“Gluttony, things aren’t going so well today.”

“I know.”

“It would be better to go back before His Excellency arrives. What can a thirty-seven-year-old kid who has not yet risen to the position of Woo-gwang’s chief can do here?”

“I came because I’m a kid who hasn’t risen to the position of general manager yet.”

Woogwang’s Kim Dae-shik made the suit jacket right.

“I have no intention of hiding behind my father like a coward. We have to stop Woo-gwang from being hacked to pieces.”

“Gluttony.”

“You can’t even break the business just because your marriage is broken, right?”

hard.

“Quiet! His Excellency eats it!”

The group leaders who were sitting jumped up and bowed at the same time.

“dismissal!”

Behind the President, the Blue House Chief of Security and Chief of Staff followed.

The head of the military and administration, as well as the chief of the central government and the Army Security Commander, stepped in.

“Your Excellency, I have committed a mortal sin!”

Woo-gwang’s Kim Dae-sik knelt down on the spot and put his forehead on the floor.

“…”

Silence fell in the banquet hall.

There was only one person who was lying flat on the floor where everyone was standing.

＜ Blue House Luncheon (1) ＞ End