The Highest Level Son of a Chaebol Family - Chapter 396
Only Krnovel
396. This is my specialty!
Gulp.
Coffee flowed from President Shim’s mouth.
President Shim didn’t even think about wiping it off and just stared blankly.
“That, the Gulf President’s seat?”
It was a face that made it hard to tell if it was a dream or reality.
President Shim rubbed his chin with a mysterious expression that made it hard to tell whether he was crying or laughing.
“Uh, well, I did dream of being the president of the company, but even so, I think this is too big of a scale.”
It was a strangely bewildered voice, unusual for President Shim.
I took a sip of sugar-free iced coffee.
“So you don’t like it?”
“No way! Not at all! I don’t hate it at all!”
“You don’t seem confident?”
“No way! Not at all! I’m completely confident!”
The dull eyes became clearly focused.
The dilated pupils began to constrict, and ambition began to burn brightly once again.
“What do you want? Just tell me!”
“I want to overhaul Gulf Sa and turn its deficit structure into a surplus structure.”
“Hahaha! Management normalization!”
President Shim smiled confidently.
“Isn’t that my area of expertise?”
President Shim was a pillar of Taesung and was known as a management genius.
A man who started Taesung Chemical from scratch with a capital of 1 billion won and grew it into a 30 billion won company in just 7 years!
“When I was acquiring Gulf shares this time, didn’t I investigate everything from the financial statements to the related performance?”
A mountain of boxes of documents filled one wall of the JH Investment office.
Those were all materials related to Gulf News.
President Shim sorted it out at breakneck speed, and came to understand Gulf’s past history.
“The problem with Gulf is that the return on investment is miserable. There is nothing wrong with the current mechanism of the oil industry.”
That’s why I’m so jealous, Gulfsa!
Even more so because they are directly pouring oil into oil producing countries!
This means that the middlemen’s margins and the suppliers’ refusal to sell are easily overlooked.
President Shim’s eyes lit up.
“Gulf is excelling in the lubricants and other specialty fuel industries and the derivative energy industry, while it is struggling in the proper petrochemical industry.”
President Shim hit my chest with his fist.
“But who am I? Aren’t I the person who ran Taesung Chemical for 7 years?”
Taesung Chemical was a petrochemical company established with Taesung and Wookwang each investing 500 million won in accordance with the president’s policy of fostering heavy chemical industries.
“Taesung, which had nothing to do with the petrochemical industry, started out with kitchen detergents and laundry detergents, and then moved up to bathroom products, cosmetics, and various types of plastics.”
President Shim had a good eye.
And above all, he had good business acumen.
“Taesung Chemical has developed petrochemical products to this extent and taken the lead in the market without any technology transfer from advanced countries such as Japan and the United States. How much more so is Gulf Chemical?”
President Shim’s ambition was fiery.
“We already have a product line that is evaluated as a global company in the lubricant industry, and we have also secured a large number of elite talents related to oil and refining.”
Gulf and Taesung had very different starting points.
While Taesung started from scratch, Gulfsa, as the world’s 9th largest company by market capitalization, already has world-class capital, technological prowess, and elite human resources.
“While I was looking into Gulf’s overall business, the area I was most disappointed in was this: the connection to the oil industry!”
bingo.
That’s it!
“Gulf’s pride in aviation fuel and specialty chemical products alone is not enough. There is a need to expand related industries in a broader and more detailed way based on the refining industry.”
I think so too.
“The oil industry that Gulf developed was stopped by the world war. I think it is time to open up the civilian market, not the military market.”
President Shim quickly counted on his fingers.
“Organic chemistry, synthetic resins, regenerated fibers, basic chemistry, advanced materials, life sciences, energy, and even electronics and battery industries. There are many and wide fields to advance into.”
President Shim suddenly got up and bowed.
“I want to take on the position of Gulfsa’s President!”
It was a shout full of determination.
“I will risk my life and make sure that Gulf Sa is back on track according to your will! I am confident that there is no one better suited to this job than me!”
President Shim smiled brightly.
“I won’t waste your precious time with excuses and persuasion. Instead, I’ll prove it with results!”
I like it!
I also smiled brightly when I saw President Shim.
“Can you say that at the Gulf shareholders meeting now?”
“I can brief you on the same thing ten times, a hundred times, even at the White House if you want.”
Yeah, that should be it!
I nodded with satisfaction.
Gulp.
For some reason, this time the US Ambassador to Korea spilled the coffee he was drinking.
“You’re going to brief us at the White House?”
“If necessary.”
There’s nothing you can’t do, right?
The US ambassador to Korea opened his mouth wide at my words.
Whatever.
I shrugged.
“Think about it. If an American company, Gulf, were to start expanding the petrochemical industry in the United States, would the President of the United States object?”
“… … .”
“If we build a large factory in the U.S., how many jobs will be created?”
“… … .”
The eyes of the U.S. Ambassador to Korea rolled.
I can hear the sound of the calculator tapping in my head from here.
“A large company like Gulf won’t just build a small chemical plant and make a fuss. It will build a petrochemical research center, a chemical plant, and even expand into distribution and transportation.”
“… … .”
“Wouldn’t the outcome of the President’s reelection depend on which state Gulf builds its chemical plant?”
“… … !”
The eyes of the U.S. ambassador to Korea sparkled greedily.
I drove a wedge in.
“Think about it. How would the President of the United States treat an ambassador who brought such a big question to him?”
“… … !”
“If you can even occupy a position as an outside director of Gulf, how much easier it will be to interact with people in the political world.”
“… … !”
“If you ever feel the urge to enter politics, where else could you find a better stepping stone than this?”
“… … !”
The US ambassador to Korea couldn’t hold it in and burst out laughing.
“Hahaha, this is a really great offer that I can’t refuse.”
The U.S. ambassador to Korea extended his hand toward me.
It was to ask for a handshake.
“I am sure that His Excellency the President will be very, very, very pleased to hear this news.”
of course!
No president shys away from creating massive jobs and making bold investments.
Even more so if it is a global dinosaur company like Gulf.
“Gulf Sa’s major shareholder had a very clear vision for the future of the company.”
“We put the interests of the company first.”
I did not refuse the hand extended by the US Ambassador to Korea.
They held each other’s hands and shook them up and down loudly.
“Do you understand why I hope the US government will not put unnecessary pressure on Gulf States?”
“Of course. The private sector is supposed to follow the logic of the market. We’re going to replace incompetent management according to the due process and reasons set out in American law.”
Of course!
“If the current Gulf executives are trying to manipulate the US President… … .”
“I’m going to ring the White House call sign right now!”
The U.S. ambassador to Korea has a direct line to the White House.
Even if it doesn’t work out, it means that the Gulf President can make contact much faster than requesting a meeting with the US President!
“I think the future of Gulf that JH Investment envisions will bring a very positive storm to our U.S. market.”
The US ambassador to Korea laughed heartily.
“If those incompetent scumbags who are eating away at American markets and American companies try to lure His Excellency the President of the United States and his administration, a warning alone will not suffice.”
The US ambassador to Korea hit me in the chest with his fist.
“The Gulf companies have already been ruined by bribery and corruption. If they forget that lesson and try to bribe or threaten again, they will face another hell from that day on!”
This is very sturdy!
“Isn’t this the company you’ll be working for after you retire? If I say I don’t want to play in the filthy sewage where my rotten body oozes out, will you believe me sincerely?”
I slowly withdrew my hand from the shake.
Instead of smiling brightly at the embarrassed US Ambassador to Korea.
I opened my coin purse and took out a neatly folded piece of paper.
“What is this?”
“I trust documents more than words.”
I put a Montblanc fountain pen into the hand of the U.S. Ambassador to Korea.
“Please read it carefully and sign and stamp it.”
“… … .”
The eyes of the U.S. Ambassador to Korea, who glanced at the documents I handed him, shook as if an earthquake had occurred.
“Huh!”
The US ambassador to Korea started counting ‘0’ with a surprised look on his face.
“oh my god!”
Even if you say it’s a civil servant’s salary, it’s obvious.
It’s the same even if you’re an ambassador to the United States of America.
public official!
“Well, doesn’t it seem like the salary for an outside director is too high?”
“I give preferential treatment to those with abilities.”
A lot of money can make even the most enthusiastic people excited.
“What abilities do you want from me?”
Indeed, the US Ambassador to Korea looked back at me with eyes burning with enthusiasm.
They say that money can even control ghosts, so why can’t we control civil servants, who are a hotbed of corruption?
“Can we expect to see just how much of the connections the Ambassador can mobilize?”
In the end, how much salary you get depends on your own ability.
“What I want from outside directors is not management skills. It’s connections and personalities that can help the company.”
So you’re going to eat all this money with your bare hands?
No way!
But surprisingly, the US ambassador to Korea laughed even louder.
“Then I can be sure that you will not regret choosing me.”
“First, would you like to check the special terms and conditions written below and then tell me the rest?”
“Huh!”
Aren’t the conditions listed as special provisions quite strict?
But what is this?
The U.S. ambassador to Korea smiled with a much more relaxed expression than before.
“How did you know that this was my area of expertise?”
I expected an embarrassed look, but instead, his expression was even more burning with enthusiasm.
“It’s a little embarrassing to say this myself, but I’m one of those people whose connections are greater than my abilities. Hahaha!”
The U.S. ambassador to Korea scratched the back of his head as if embarrassed.
“In fact, I have only served as ambassador to oil-producing countries so far.”
My ears perked up.
‘This gentleman, you’re saying he has a lot of connections in the oil producing countries?’
That wasn’t all.
“You made this offer with my family in mind. The salary you proposed seemed unusual. Now I understand.”
The US ambassador to Korea smiled as if relieved.
Instead, I was the one who was confused.
‘Why are there suddenly sounds from inside the house at this point?’
Should I have investigated this guy first?
The U.S. ambassador to Korea nodded with satisfaction.
“As you know, I come from a very wealthy family. I come from an upper-class family in America.”
The U.S. ambassador to Korea took out a business card.
‘Wow, what a golden color!’
It was a business card with a flashy, gold color that exploded like a firecracker.
I honestly thought he was just some guy with no connections, since he was posted to South Korea, a ceasefire country that had just recently entered the developing world from one of the poorest countries in the world.
‘Was this a bigger name than I thought?’
I wondered how many people have a golden business card like this.
There can’t be many golds as bright as Warren Buffer’s business cards.
I received the business card of the US Ambassador to Korea as if I was possessed.
‘James W. Bush?’
Wait a minute! Wait a minute!
The Bush family?
Surely it’s not really that Bush?
I rubbed my eyes and looked again.
“Is it possible that Joseph H.W. Bush, former Director of the Central Intelligence Agency and current Chairman of the First International Bank in Houston, is… ”
“Yes, he is my cousin.”
“… … !”
So, you’re saying that this is a family where a cousin later became the President of the United States, and then a nephew later became the President of the United States?
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