The Highest Level Son of a Chaebol Family - Chapter 390



Only Krnovel

390. For example, Gulf?

In my grandfather’s living room, there were more than 50 banquet tables for six people each.

The presidents and employees of 50 affiliated companies of Taesung Group sat together and received rice cake soup.

At the head of the 16-person marble table sat grandfather, next to him sat grandmother and Taesung’s immediate family in order.

Grandfather laughed loudly, holding the spoon in his hand.

“It’s the first meal of the New Year with the Taesung family. Enjoy!”

“I will eat well, Chairman!”

“Happy New Year!”

“Please take care of me this year too!”

Grandfather looked down at the New Year’s breakfast table with a face that seemed to be filled with new emotions.

“This year, the members of 50 affiliated companies will sit together and eat tteokguk.”

Until last year, Taesung had 38 affiliates.

This was because 12 affiliates, excluding JH Investment, were separated and merged into Taesung.

My grandfather smiled at my father, who was sitting on my right.

“Vice Chairman Cha Seong-jun will also hear a lot.”

Last year, the vice president position was also vacant.

There was a fierce power struggle between brothers over the vacant position of Vice Chairman of Taesung Group.

The faces of the grandfathers sitting side by side at the 16-person wooden table had a bitter look on them.

This time, the grandfather turned to the grandmother sitting on his left.

“You’ve had a hard time too. Stay healthy this year too. Got it?”

“sure.”

Grandma smiled faintly, unable to hide her delighted expression.

Until last year, my grandmother was too cautious to show up at the New Year’s breakfast table because she was my stepmother.

My grandmother turned to me and smiled brightly.

“We should eat tteokguk together every year until Jeonghyeok gets married. Jeonghyeok, eat a lot.”

“Grandma, that’s what I’m saying.”

“huh.”

“Can you just let me down?”

I ended up eating tteokguk on my grandmother’s lap.

There is only one reason.

“Last year, I ate tteokguk on Grandpa’s lap, and this year, it’s Grandma’s turn.”

This is the best seat among the best seats, overlooking all the executives of Taesung Group affiliates!

Grandma puffed out her chest and laughed heartily.

“I always wanted to have a place like this!”

What kind of seat is it?

“Look at this situation right now. It looks like I’ve become a godfather. Hehehe!”

If it was a side job, you must have had enough to overflow from your parents’ house?

But Grandma had a lonely smile, full of longing.

“Dongjin, that guy, also really liked this kind of dining arrangement.”

It seems like he is thinking of the old man Jeong Dong-jin who has passed away now.

Suddenly, I realized that it was the first day of the new year and my grandmother’s only remaining blood brother had passed away.

I patted my grandmother’s hand with my small, fern-like hand.

On my finger was a camellia ring, a heirloom of the Jeong family that my elder brother Jeong Dong-jin had left me.

“Grandma, if you have time later, would you like to come over to my house and play?”

“Oh! You want to play Hwatu with Grandma?”

It’s not like I can’t do something like that.

“The Jeong family’s five members said they would come to greet us in the New Year.”

“huh?”

“I’ll set up a table with the same layout that Mr. Jeong Dong-jin liked. Let’s have dinner together.”

“oh!”

My grandmother looked down at me with an expectant face.

“Then I should also turn the dining table upside down?”

hmm?

Grandma laughed very sinisterly, saying, “Woohoohoo!”

“You know how angry our Dongjin is. I used to be so jealous of that.”

“… … .”

“Wait a minute. Was the dining table at your house made of Italian marble?”

My grandmother laughed as she tapped the 16-person wooden dining table that she had changed last year after much deliberation.

“Should I change your dining table to this? I’m confident I can handle this much, Grandma.”

“don’t do it!”

Grandpa grabbed the back of his neck.

“You’re so extreme, that’s why we didn’t even talk about eating tteokguk together on New Year’s Day!”

“No, I’m not trying to upset the dinner table, but you’re nagging me!”

The grandmother puffed out her cheeks with a very dissatisfied expression.

At that moment, Taesungga’s second daughter-in-law, who had been quietly drinking water, asked sharply.

“Father, by the way, what happened to Yu-gong?”

The old man who had been laughing stopped laughing.

The Taesung Group executives who were eating tteokguk also stopped eating and quietly looked over.

Taesung’s second daughter-in-law continued talking as if she didn’t know.

“That’s right. The newspapers and broadcasts have been making a lot of noise about it since dawn, but there’s been no discussion about it at all.”

Taesung’s eldest daughter-in-law also added her words.

“You don’t plan on running Yukong separately like this, do you?”

“No matter what the circumstances, it looks like Taesung is taking over, so shouldn’t Yugong also come under Taesung’s roof?”

My eldest uncle’s eyes also sparkled.

“Are you going to merge and absorb affiliates? If so, how do you plan to organize the executive team?”

He was talking about getting rid of Yukong’s executives and replacing them with his close associates.

“There are 5,000 employees at Yukong. Aren’t you going to restructure?”

My second eldest uncle also showed his greed in the same way.

“You named it Taesung, but you’re not going to keep the company running with Yukong’s executives, are you?”

Then, the executives of the affiliated companies who had been laughing and eating tteokguk became quiet.

I sighed softly inside.

‘There’s no way we can avoid talking about Yugong. You might wonder what the heck this is.’

A few executives from the affiliated companies added their comments slyly.

“If we link up with Taesung Motors, there will be significant synergy.”

First, it is a request to be included as a subsidiary of Taesung Motors, which is managed by my eldest uncle.

“Isn’t the core of Yukong a gas station? This is very closely related to Taesung Distribution.”

Taesung Distribution and Taesung Foods were under the jurisdiction of my second uncle.

First, my grandfather made a death sound.

“You know that Taesung Motors is in danger because of the oil crisis, right? At times like these, we need a clear breakthrough and a clear solution.”

Due to the oil crisis, the automobile industry in advanced Western countries is collapsing like dominoes.

“I’m on the verge of death because I merged Wookwang Motors and Wookwang Heavy Equipment and grew so large. Father, please help me.”

My second eldest uncle also did not back down and rushed forward as well.

“We at Taesung Distribution are also having a hard time throwing money on the street because of the rising oil prices.”

As oil prices rise, the cost of transporting goods increases.

“Furthermore, Taesung Distribution is in dire need of a cash cow because its overseas exports have also been ruined due to the breakdown of its cooperative relationship with Wookwang.”

bang!

My aunt put down her glass of water with her eyes wide open.

“You guys are just being greedy. You didn’t contribute anything to the acquisition of Yugong, so what are you talking about now?”

The two daughters-in-law smiled brightly and spoke quietly.

“Oh, Miss. I feel bad when you say that. We also put in a lot of effort behind the scenes to acquire Yukong.”

“You were so busy mobilizing your family to create public opinion favorable to Taesung, and meeting with famous figures in the political and business world to persuade them.”

When my father hardened his expression and was about to open his mouth, my aunt raised her hand and stopped him.

“So, who is the person who received the Yukong share from His Excellency the President?”

My aunt’s sharp voice, with good diction, rang clearly in my ears.

“Who negotiated directly with Gulfsa and signed the contract to acquire Yukong’s shares?”

My aunt pointed to my father.

“That’s our Seongjun!”

My aunt said bluntly.

“Don’t you know our father’s principles? Reward according to the merit! You have no conscience, really!”

“Now that we’re on the subject, let’s talk about it.”

He was my second eldest uncle.

“To put it bluntly, that’s because Sungjun is the vice president and he’s doing it to save face.”

The second eldest uncle looked back at his father.

“Anyway, since this matter was concluded in Sungjun’s name, let’s say it’s Sungjun’s fault. But I can’t hand this over to Jeonghyeok!”

“What? You’re giving Yugong to Jeonghyeok?”

My eldest uncle was also surprised and looked back at my father.

Not only the daughters-in-law, but even the grandmother looked back in surprise.

Taesung Group executives also looked at us in silence.

My father spoke calmly, with his face no different from usual.

“Hasn’t this also been promised by your father?”

“What? Father?”

“The Chairman?”

Everyone now turned to look at Grandfather.

My grandfather was so surprised while eating rice cake soup that he gulped and coughed.

He has a complicated expression that allows for a thousand guesses, and he can’t seem to control his cough.

My father spoke again, flatly.

“Jeonghyeok.”

“yes.”

I quickly opened my coin purse.

The golden note my grandfather wrote for me!

My father showed it to the executives of Taesung Group.

“This is a memorandum of understanding in which Jeong-hyeok agreed to give Taesung Construction stocks to another company instead, specifically the company that is being acquired and merged.”

“no way…….”

“You promised to guarantee Jeong-hyeok all the shares in this company and to mobilize all of Tae-seong’s capabilities to push it forward.”

“… … !”

Everyone opened their mouths and looked at the memorandum held by my father.

It was the same with my grandfather.

“Coolook!”

Grandfather’s coughing became louder.

He looked back at me with shaking pupils.

“Could it be that you had already anticipated this and received the memorandum at that time…?”

I smiled and nodded.

Grandpa grabbed the back of his neck.

“Oh my, so that’s why you’ve been doing great work since then!”

As it turned out, luckily it all worked out smoothly.

When the plan was first made, JH Investment was established to launder money with the intention of acquiring Yukong.

We joined hands with a major bank to attract investment funds, and we planned to solve the shortfall with foreign loans.

‘Is this how you benefit from the government’s real estate regulation policy?’

When other construction companies collapsed during the construction stock market crash.

Our Taesungman has been rising steadily thanks to the construction extras in the Middle East.

The construction of Abu Dhabi International Airport and the Jubail Industrial Port City broke news, and the construction of Subway Line 2 and the Gwangyang Integrated Steel Mill were also linked.

Taesung Construction grew significantly by swallowing up Wookwang Construction.

Now, it has truly stood tall as the best company in the construction industry in Korea.

“Even so, that’s true! How can you say that you’re handing over the honor to Jeong-hyeok!”

My second uncle shouted.

“He’s only nine years old!”

“For now, I will only accept the shares. And you don’t have to worry too much about management.”

“Why? You’re not saying you’ll take charge, are you?”

“If necessary, I guess I should take charge.”

A vice president who is in charge of overseeing all matters related to the entire group?

“But I don’t think there will be any particular difficulties even if I don’t take on the role.”

“why?”

“Because His Excellency the President has set a condition regarding this.”

“condition?”

“Then, would you have handed over the Yugong without any clothes on?”

I knew it!

Grandfather asked in surprise.

“What are the conditions Your Majesty has set?”

“There are three things. First, we will provide a position for President Kim Byeong-sik of Yukong.”

The fact that he was given the position of president of a large construction company means that he is one of the president’s closest associates.

It was not a bad condition, both in terms of preferential treatment and in terms of providing a shield.

So, not only the grandfather, but also the executives of Taesung Group nodded as if it was a given.

“Second, we will secure mining technology that enables genetic development.”

“Mining technology?”

“You received $100 million from the President on the condition of genetic development.”

Taesung Group executives sighed loudly, saying, “Ah!”

A small murmur of concern followed.

“There’s no way that such a picky gentleman would give up 100 million dollars for free.”

“It won’t be easy. I understand that Yukong doesn’t have any mining technology for oil field development.”

Well, that’s because oil doesn’t come out in South Korea.

Yukong has been responsible for importing crude oil from the Middle East, refining it, and supplying it.

“If it were capable of genetic development, it would be a major global oil company.”

“Would those oil companies just give up their core technologies?”

“Even if we pay a huge royalty, it would be difficult to expect cooperation.”

“I think it would be nearly impossible to carry out His Excellency the President’s will.”

Everyone nodded their heads with great regret.

But I smiled brightly.

“Like, say, Gulf States?”

“okay.”

My father was also smiling with the same face as me.