The Highest Level Son of a Chaebol Family - Chapter 395



Only Krnovel

395. The dream of the president of the pants

Grandfather pushed President Shim’s back.

“JH Investment’s business should be handled by JH Investment! President Shim, what are you doing if you don’t go?”

“I just got here?”

“I saw your face, so it’s okay! Go!”

“I haven’t even had a spoonful of tteokguk yet?”

“I wish I was a year younger! Let’s go!”

I pulled off President Shim’s tie, which was firmly held by my grandfather’s hand.

“It’s okay if I go alone.”

I understand President Shim’s feelings a hundred times over.

Dealing with the US Ambassador to Korea can be a headache.

“Then I will leave the people here in Gulf to President Shim.”

“Those damn leeches? No thanks!”

President Shim changed his attitude as if he had turned over his hand.

“This is a critical moment that will determine the future of JH Investment.”

He had a serious face.

“Isn’t this the signal for JH Investment’s full-scale entry into the US market and a crossroads that will determine your future investment path?”

That’s right.

The acquisition of Gulf, the world’s 9th largest company by market cap, attracted the attention of investors not only in the U.S. market but also around the world.

“Isn’t it the job of the president to step forward at a time like this? I, Shim Won-cheol, will take care of it.”

President Shim smiled confidently.

“There is no way that our JH Investment can’t be bigger than Berkshire Hathaway.”

“Of course.”

“My dream of becoming the president of the company is not far away!”

Ambition burned in President Shim’s eyes.

“Maybe I can be treated higher than Chairman Cha of Taesung Group? Hehehe!”

President Shim looked back at me.

“I, Shim Won-cheol, will serve you with all my heart and soul until that day!”

President Shim quickly took out a pack of health supplements from his bosom and asked.

“Would you like a pack for me too, Master? This is Cheongsimhwan.”

“Okay. That’s nothing special.”

“You’re dealing with the US government by interfering with Gulfsa. Aren’t you nervous, Your Majesty?”

“Is there anything to be nervous about? We’re not going to drag you to Cheonggyesan and bury you, nor are we going to catch you in a basement and throw you in a pot.”

I shrugged.

“Just sit down, have a quick chat, and stamp your seal.”

“Ah, anyway, I said we should recognize our master’s courage.”

President Shim sucked on the medicine diligently and raised his thumb.

It was a voice full of pride and satisfaction.

“If it’s okay with you, Master, then it’s okay with me too.”

President Shim laughed, puffing out his chest.

“Do you have any plan for dealing with the US Ambassador to Korea?”

“Of course. But I’d like to take one more person.”

“Who? Are you bringing the Vice President?”

“My dad has a lot to say to the Taesung Group people today, right?”

After dinner, we will gather in Grandfather’s study for an informal executive meeting and information exchange.

Our father, who has just been appointed vice president, cannot be left out!

“Then who are you saying you’ll take with you? Secretary Kim, no?”

“Why is Secretary Kim here?”

“then…….”

“We have a vice president who has been very active in the United States.”

“Ah, the smuggling king.”

President Shim made an embarrassed face.

“It seemed like the smuggling king had an appointment with Warren Buffer.”

“When and where?”

“I don’t know the exact time, but I heard they were meeting for a cup of coffee at the Taesung Hotel.”

Warren Buffer appears to have stayed at the Taesung Hotel yesterday.

Well, since I attended the year-end party held at Taesung Hotel, it was convenient to stay at Taesung Hotel.

“Then we should go to Taesung Hotel.”

I walked ahead step by step and smiled brightly.

“Chairman Shim, you said that you were unable to reach a clean agreement with the US government during the first ROK-US Military Committee meeting held last summer?”

“Yes, that’s what happened. The Korean government’s determination was so strong.”

The person who went to the negotiation team at that time according to the president’s will was President Shim.

“It seems that the Ministry of National Defense has been gnashing its teeth over the issue of the withdrawal of US troops from Korea. It seems that joint ROK-US military exercises are not enough.”

“What about the US Department of Defense?”

“Withdrawal of US troops from Korea is on hold. But we’ll transfer the M60 tank technology in exchange for giving us a large-caliber dot sight for machine guns, that’s it.”

As a result, the issue of exporting large-caliber dot sights for machine guns was abandoned at the first ROK-US Military Committee meeting.

“You said you were going to meet the US Ambassador to Korea, but you suddenly asked about the ROK-US Military Committee… … Ah!”

President Shim slammed his fist into his palm.

His eyes sparkled.

“Is there any reason why Your Majesty would like to meet with the US Ambassador to Korea separately this time…?”

“I’m trying to sell off large-caliber dot sights for machine guns at a high price.”

“oh!”

“I heard that the US military in Korea has been contacting us a lot.”

“You really are annoying people so much! Are you really going to take the time to resolve this?”

“Of course.”

So, you’re saying that I shouted “hurray” when I heard that the US ambassador to Korea had come to visit?

“If we’re going to do it, let’s sell it for a higher price.”

“Yes, boss!”

* * *

“This is really getting tricky.”

The US ambassador to South Korea, who was treated rudely at the door, shook his head.

“I didn’t know that the head of Taesung Group would become this big.”

What kind of person was he?

He was a goodwill ambassador representing the United States, the world’s most powerful country, stationed in Korea.

I have never been treated this badly anywhere in the world.

“Is it even possible for Taesung to acquire Gulfsa?”

The U.S. ambassador to Korea shook his head.

“That’s nonsense!”

A person from Gulf came and told me his story in detail, but all I could hear was something that was hard to believe.

“Even if profitability temporarily lags behind due to the oil crisis, it is not considered a risk big enough to warrant discussion of a merger or acquisition, so I don’t understand why there is talk of a hostile merger or acquisition all of a sudden.”

The US ambassador to Korea couldn’t help but be puzzled.

That was the reason why the U.S. Ambassador to Korea came to Taesungga on the morning of the first day of the new year.

“I can’t dismiss this ridiculous situation as a joke.”

Because it was none other than Gulf’s negotiating team that was asking for his help.

“What the hell is going on, tsk.”

The U.S. ambassador to Korea glanced back.

The tightly closed front door of the Taesungga mansion was visible.

It was a closed door that refused the visit of an uninvited guest.

“How do I report this to the President… … Hmm?”

At that moment, the front door, which had been tightly shut, opened wide.

A handsome little boy clasped his hands together and bowed obediently.

“Hello, Ambassador to Korea?”

The little boy smiled brightly.

“I was thinking about discussing the Gulfsa acquisition. Is this a good time for you?”

“… … .”

The US ambassador to Korea was speechless with shock.

If the issue of Gulfsa’s acquisition is true, it is the reason he came to Taesungga on New Year’s morning.

I didn’t expect such a young kid, not even the head of Taesungga or the vice president who is the brain of Taesung, to mention it.

When you are at a loss as to how to accept this situation.

The person who followed the boy greeted him politely.

“Hello, it’s been a while. I’m Sim Won-cheol, the CEO of JH Investment Company.”

“JH Investment Company?”

The U.S. ambassador to Korea glanced at President Shim up and down.

“I feel like I’ve heard it somewhere, but I can’t remember it at all.”

There was a calm voice and a look of disinterest on his face.

Rather, interest was piqued by the boy who mentioned the Gulfsa acquisition.

“Hey kid, where did you hear about Gulfsa’s acquisition? Did it come from Taesung?”

But what is this?

Instead of the boy, the representative of JH Investment Company answered while handing over a business card.

“Our JH Investment is planning to acquire Gulfsa this time.”

“… … !”

The U.S. ambassador to Korea could not hide his embarrassment.

“Did you say that JH Investment Company, not Taesung, is acquiring Gulfsa?”

“Of course. Also, our JH Investment is the one that developed the large-caliber dot sight for machine guns.”

“… … !”

The US ambassador to Korea gaped.

Then he quickly grabbed CEO Shim’s hand.

“Shall we have a cup of tea?”

“Okay. Shall we go?”

President Shim smiled brightly.

“How about the Taesung Hotel coffee shop?”

* * *

The fragrant smell of coffee made me feel great.

Honestly, it was a new experience.

‘I sat here last year and had a conversation with my grandfather.’

That was already a year ago.

Time really flies.

Back then, I had to drink cocoa to keep up with the adults, but now it’s different!

‘Oh! Yes, this is the taste!’

After a meal, it’s definitely iced Americano!

They say that even tteokguk is pouring down?

However, it is a shame that, given the times, I have to order it as a sugar-free iced coffee with lots of ice floating in it!

Well, the coffee tastes like iced Americano anyway.

I sucked on the straw with a satisfied expression on my face.

widely.

The U.S. ambassador to Korea put down his steaming cup of coffee.

It was a shocked face.

“This, this, is this real?”

The table was full of documents.

They were all documents related to Gulf shares.

“Why is JH Investment showing this to me?”

“I hope the US government does not intervene in the Gulf acquisition.”

“I’ll pretend I didn’t hear that.”

The US ambassador to South Korea said bluntly.

“Gulf is a global oil company representing the United States. It means that it is an American company that plays a major role in the American oil industry market.”

The documents pertaining to Gulfsa’s stake were returned to the road.

It was a displeased face.

“How many workers and how many stock investors are attached to Gulf? If Gulf collapses, the axis of the U.S. economy will be shaken.”

The US ambassador to Korea turned his head sharply.

“There is no compromise when it comes to protecting American markets and protecting American companies.”

He even turned down the coffee he was drinking and gulped down the cold water.

“So please, don’t try to trick me or persuade me. This is a warning, not a request.”

The eyes of the US Ambassador to Korea glaring at President Shim were cold.

“I’m telling you, bribery and threats won’t be fun. Do you understand?”

I stopped sipping my iced Americano and chuckled.

“Ambassador, JH Investment is also an American company?”

“hmm?”

widely.

At my nod, President Shim began taking out documents from his briefcase.

“These are documents related to the establishment of JH Investment’s US headquarters.”

The eyes of the US Ambassador to Korea widened when he saw that.

“JH Investment was an American company?”

“Bank of Citi, JPP Morgan, Bank of America, Goldman Sachs, US Banks, Wells Fargo Company, Morgan Stanley, Capital Bank.”

I pointed out the share of American banks in the proxy statement regarding the exercise of Gulf shares.

“Otherwise, why would American banks go with JH Investment instead of Gulf?”

“Then what about the Bank of Japan?”

Knock knock.

The U.S. ambassador to Korea also knocked on the power of attorney of Japanese banks regarding the exercise of Gulf shares.

“Why did Japanese banks support JH Investment, which is not even a Japanese company? For what reason?”

“Gulf Sa’s recent performance has been dismal.”

“… … .”

The US ambassador to South Korea was unable to refute the claims.

“We at JH Investment are the largest shareholder of Gulf. We will prioritize the pursuit of the company’s profits.”

I said it bluntly.

“If the executives who were chosen to run the company well are not doing their jobs, they should be fired. Isn’t that natural?”

“Ahem, but our US government can give recommendations to US banks to maintain market order.”

I knew it!

If the US government steps in, US banks will have no choice but to change their minds.

This is exactly why I wanted to get the US government to do something about it before the Gulf bosses got involved.

Let’s take it easy!

“What if a global conglomerate the size of Gulf continues to run deficits and collapses? Will the U.S. market be okay?”

“… … .”

“The U.S. government and the U.S. ambassador should protect not only the interests of U.S. companies, but also the interests of U.S. markets and investors. Right?”

I poked my chest with my index finger.

“As a major shareholder of Gulfsa, we would like to exercise our voting rights in the dismissal of the management. Is there a problem?”

“… … .”

“What justification and reason is there for the US government and the US ambassador to intervene here?”

“… … .”

The U.S. ambassador to Korea seemed speechless for a long time, then began to stammer and make a lame excuse.

“The reason Gulf Saga has been so shaky is because it had a large-scale reshuffle of its management team, including its chairman, a few years ago, which resulted in a huge loss in the US market. In order to prevent similar losses in advance… … .”

“Does that mean that the US government doesn’t care if Gulfsa is destroyed with a mere 17.3% stake because of the incompetent scoundrel from the Malan family?”

“… … .”

The excuse of the US ambassador to Korea has been completely rejected.

“We will, in accordance with the due process of U.S. law, remove all incompetent and lazy management of Gulfsa and replace them with competent, professional management.”

“But mergers and acquisitions… … .”

“The management change comes first. The decision on whether to merge or acquire Gulf can only be made based on the judgment of professional management. This is also done properly and legally according to U.S. law. Do you understand?”

“Okay.”

The US ambassador to Korea let out a long sigh.

“Why are you telling me this in advance?”

“I hope the U.S. government will not interfere unnecessarily in Gulf affairs.”

“That… won’t be easy.”

“Don’t you need a place to rely on for your old age after retirement?”

“… … !”

I shook the carrot gently.

“For example, you don’t need a business card that says ‘External Director of Gulfsa’ or something like that?”

“… … !”

The US ambassador to Korea swallowed hard.

Ahem, he asked with a sidelong glance and a cough.

“I can’t stop Gulf’s major shareholder from exercising his rights in accordance with the due process and reasons set forth in the law. But I think I should hear the reason why he is making this offer to me in advance.”

“The professional management team we are trying to put forward is the CEO and executives of JH Investment.”

I pointed to President Shim.

“Our CEO Shim is known as a management genius.”

“Now, just a moment!”

President Shim was startled and asked back.

“I think I misheard something. What did you just say?”

President Shim looked back at me with eyes of disbelief.

I smiled brightly.

“The Gulf Coast President position will soon be vacant.”