The Highest Level Son of a Chaebol Family - Chapter 393



Only Krnovel

393. More expensive!

Grandpa was so surprised that he couldn’t breathe.

“What? Where are you handing over the Gulf Coast?”

“Is it really that surprising that they’re going to keep me under JH Investment?”

“No, Yugong is also in Taesung, so why?”

The reaction was that they had never even imagined it.

Whatever.

Mr. Shim shrugged.

“If Yugong goes to Taesung, there’s no way he has to go all the way to Gulfsa with me, right?”

“President Shim, think about Taesung’s future!”

Grandfather shouted urgently.

“If we take down Gulf, the world’s 9th largest economy, Taesung’s status will change!”

That was the reason why my grandfather desperately cried out in regret.

“His Excellency the President had high expectations for our Taesung and handed over the merit to him!”

“So, you handed Yugong over to Taesung without saying anything?”

President Shim snorted.

“The fundamental reason why we were able to acquire Yukong for only $25 million? It was because of the Gulf shares.”

President Shim’s eyes sharpened.

“Would it have been easy to secure over 50% of Gulfsa’s shares?”

“That… honestly, I can’t even guess.”

“How much help did Taesung give in acquiring Gulfsa’s shares?”

“… … .”

Grandfather kept his mouth shut.

“And yet, you say you want to eat Gulf Sausage with your bare mouth?”

“… … .”

As President Shim spoke, the grandfather’s eyes shook greatly.

“What’s the difference between the nobles who didn’t contribute anything to the acquisition of Yugong and the young masters trying to get involved?”

It was a bitter and stinging comment.

“To be honest, if it weren’t for our Master Jeonghyeok, would it have been possible for Taesung to have taken Yugong in the first place?”

“Okay.”

“It’s said that seeing is believing. Just by sorting out Yugong as Young Master Jeonghyeok’s job, there is already so much noise, so I can’t even imagine what kind of mess it would be if Gulf Saga got involved.”

“Ahem!”

President Shim’s eyes were directed at his uncle and his wife and the executives under them.

Their eyes sparkled and they focused on what the Gulf people were saying.

Their eyes were full of anticipation, wondering if something might fall on them.

“Even the great man who supported the vice chairman, Daejun, couldn’t hide his greed when he heard the words of Yugong. What’s more, even the chairman of Gulf couldn’t just let it go.”

President Shim’s eyes finally turned to his grandfather.

“You are rewarded according to your merits. I didn’t know that the chairman would be an exception to this.”

“Phew.”

Grandfather let out a long sigh.

It was a complicated face.

“Okay. Taesung will not comment any more on Gulfsa’s acquisition.”

Grandfather raised both hands.

Half regret, half relief.

“But can we expect some level of cooperation between Yukong and Gulfsa?”

My grandfather looked down at me.

“Are you really going to say that it won’t work? That’s not why you haven’t mentioned anything to me about Gulf shares so far, is it?”

It was a regretful expression.

My grandfather’s bitter smile bothered me.

“It’s not necessarily like that.”

“then?”

“It wasn’t like the President was greedy for Gulf States, was it?”

“That’s true.”

“It’s okay for Taesung to eat the food that His Excellency the President has approved. But it’s a different story for Gulf.”

“hmm?”

The grandfather asked, unable to hide his wonder.

“Are you saying that Yugong is okay, but Gulf is not okay?”

“Why not?”

“No, why?”

“Yukong is a Korean company, but Gulf is an American company.”

Grandfather blinked his eyes slowly.

It seems like he’s trying to think hard about what’s wrong with his eyes changing so quickly.

Grandfather nodded as if he had just realized something and exclaimed, “Ah!”

“So that means we might get into trouble with the US government because of Gulf News.”

bingo!

Grandpa got it right.

“After all, the U.S. government does not hesitate to go to any lengths to protect its own companies. If you look closely, there is no such thing as a tyrant.”

It was a serious voice.

“It’s not just some ordinary small business. Gulf, which is ranked 9th in the world in terms of market capitalization, would never want to be taken over by another country.”

I saw it right away.

But Grandfather’s head was tilted to the side.

“But is there really no need to not eat Gulf Saud even though we can eat it because of the US government?”

“Who said they wouldn’t eat it?”

Why did I spend so much money to acquire Gulf shares?

Why did they negotiate with American banks while holding the stocks of other global companies hostage?

“Gulfsa will eat it. That fact will not change. It’s just that I will eat it in the name of JH, not Taesung.”

“Why?”

“Of course.”

I said it bluntly.

“Taesung is a Korean company, but JH Investment is not.”

“what?”

The grandfather asked back in surprise.

“What does that mean? Why isn’t JH Investment a Korean company?”

“JH Investment’s headquarters is in the United States.”

“what?”

This was also a reaction that was unexpected.

I smiled broadly.

“It looks like JH Investment, an American investment company, is acquiring Gulf, an American company. Then, the U.S. government will have no reason to fight with the Korean government, right?”

“Huh! Jeonghyeok, you were seven years old when you founded JH Investment?”

“But?”

“Do you think a seven-year-old would set up an investment firm in the United States with this kind of structure in mind?”

I wondered why I had that expression again.

“I told you from the beginning that I founded JH Investment with the intention of taking over large companies.”

“Ah, Yugong!”

I guess Grandpa remembers now.

But somehow, Grandfather’s mouth opened even wider.

“Huh! Was this the intention behind getting a memorandum from me in advance?”

Grandpa stuck out his tongue.

“Then, the real reason why JH Investment was established in the US is… … .”

“To launder money.”

I should have said it out loud from the beginning.

Have you already forgotten?

“Because we can travel back and forth between the U.S. headquarters and the Korean investment firm and make investment decisions for each other.”

I winked one eye.

“Despite the Korean government’s checks and regulations, they were free from entering the U.S. market, tax evasion, and identity laundering.”

“Huh! Heh heh heh.”

Grandfather laughed in vain, his face looking dumbfounded.

“A seven-year-old put this absurd plan into action and ended up in the Gulf… … Hehe.”

Then he looked at President Shim with eyes filled with admiration.

“President Shim, you must have worked very hard.”

“Thank you for your hard work. I was just helping with some paperwork on the big picture that Master Jeonghyeok drew.”

President Shim smiled proudly.

“Aren’t I the president of JH Investment after all? Hahaha.”

“Because Jeonghyeok was young.”

“In Korean society, there must have been many instances where it was difficult for the young master to come forward because of the trust that comes with age.”

President Shim laughed heartily.

“But it’s different in America.”

“In America, it’s not uncommon for a young genius to emerge and run a company.”

“Cornelius Vanderwald.”

“The American tycoon who was called the railroad magnate and shipping magnate!”

Grandfather and President Shim burst into laughter at the same time.

“That gentleman started his career in the shipping industry in earnest when he was 16.”

“What about Warren Buffer?”

“I sold gum and cola when I was 6, started investing in stocks when I was 11, bought 15,000 acres of farmland in Omaha when I was 15, and started a pinball machine rental business when I was 17.”

“He grew up like that and became a millionaire by the age of 35, and is currently running Berkshire Hathaway, a global investment company.”

Grandfather and President Shim’s eyes burned hotly.

“There’s no way our Jeong-hyeok can’t grow that big!”

“Of course. It’s too late to take the prenatal test at 18. Nine is old enough to enter the American market.”

“Entering the US market… … .”

Grandfather’s eyes sparkled with ambition and anticipation.

“Is Gulf Saga the beginning?”

“Isn’t this your debut as a genius investor who will dominate the American market in the future?”

President Shim’s eyes were shining just like my grandfather’s.

“If you start by acquiring the world’s 9th largest company by market cap, the world will have no choice but to pay attention to your every move.”

“Our Jeong-hyeok really put his name on the line in America… … .”

“yes.”

“under!”

Grandfather looked back at me.

“Are you really thinking of entering the American market like this?”

“yes.”

I nodded.

“boy…….”

My grandfather looked down at me for a long time without saying a word.

Excitement, concern, worry, anticipation, joy, happiness, etc.

It was a pair of eyes swirling with all sorts of emotions.

After a long time, the grandfather nodded silently.

“Now that I look at it, I see that this old man was seriously mistaken.”

The grandfather turned his eyes and looked at the begging Gulf people.

“I just kicked you out, saying it was too early to put you in the forefront of management.”

My grandfather once made it clear that he could give me shares but not management rights.

“In just one year, you have grown your business by a whopping 12 companies, including Wookwang’s subsidiaries.”

Grandfather’s eyes were turned towards the past.

“Perhaps Korea and Taeseong were too narrow and small a fence for our Jeonghyeok.”

“I am Cha Seong-jun’s son and Cha Tae-seong’s grandson. Tae-seong is one family, apart and together!”

I hugged my grandfather tightly as he wandered somewhere in the past with a bitter face.

“Whether I am in Korea or in the US, no matter what or how I do, I will be together under the name of Taesung.”

I have been a Taesungga person ever since my grandfather declared my mother and me to be Taesungga people.

“ah……!”

Grandfather couldn’t hide his deeply moved expression.

“My precious baby!”

“Hehehe.”

I felt strength in the arms that hugged me tightly.

It was a power that made me feel determined and hopeful.

So it was more solid.

“Grandpa, now is not the time to look back on the past.”

“Well then, from now on it’s time to move forward.”

Grandfather laughed coolly.

“Now that I look at it, there was another reason why this guy didn’t give Gulfsa to Taesung.”

“Did you notice?”

“If Yukong changes its name to Taesung Oil, Gulf Oil cannot become Taesung Oil, then… … .”

“I’m also considering selling it.”

I know who, why, and how Gulfsa was acquired in my past life.

“If the Seven Sisters of the Rockefeller Foundation were to make a move, Taesung Oil would have a hard time stopping them.”

Even if Yukong and Gulf Oil were combined, it would be difficult to withstand the combined efforts of the Rockefeller Foundation oil companies, the world’s super majors.

“It would be a problem if Taesung gets ruined because of Gulf News.”

“Is JH Investment okay?”

“Isn’t the job of an investment firm to buy and sell companies?”

I smiled brightly.

“Just wait and see. If I have to sell Gulfsa, I will sell it for a lot of money plus a lot of premium.”

No, before that.

There is no reason why Gulfsa must be sold to the Rockefeller Foundation.

‘If we’re going to sell, we should find someone who will buy Gulf Sa at a higher price. For example, an oil refinery company in an oil-producing country that wants Gulf Sa’s technology.’

Anyway, as competition increases, prices are bound to go up!

‘On the other hand, it would be nice to eat up the super majors of the Rockefeller Foundation based on Gulf Sa.’

Having the world’s 9th largest oil company by market cap will give you a wider range of choices.

‘That’s why we can never give up on acquiring Gulfsa!’

Grandpa made a “hmm” sound.

“I thought about it, and just as His Excellency the President was unable to interfere in Yukong’s affairs, wouldn’t it be the same for Gulfsa?”

“Because it’s a private enterprise.”

“It doesn’t seem like it would be right for the two governments to get involved.”

“No. He’ll run at you like crazy.”

I looked at the Gulf people.

“How many jobs are at stake in Gulf Coast and how much influence does it have on the U.S. stock market?”

Gulfstream employs a whopping 58,000 people and has nearly 163,000 shareholders.

“It’s a big deal for the U.S. government to turn a blind eye to.”

“Then, even if JH Investment steps in, won’t the US government take Gulf’s side?”

Grandfather opened his mouth carefully.

“If the U.S. government is determined to interfere in Gulf’s merger and acquisition anyway, I think it wouldn’t be a bad idea for Taesung to step forward and ask for the Korean government’s help.”

“No.”

I waved my index finger from side to side.

“I would rather the US government take an interest in this matter?”

“No, why?”

“That way, we can sell it more conveniently and at a higher price.”

“what?”

At that moment, Secretary Kim came running out of breath with a loud doorbell ring.

“Mr. Chairman, the U.S. Ambassador to Korea has come to see you!”