The Highest Level Son of a Chaebol Family - Chapter 398



Only Krnovel

398. Money Story

Warren Buffer and the U.S. Ambassador to South Korea patted each other on the back and greeted each other happily.

“Hahaha, Warren, I never thought I’d see you in Korea.”

“Me too. Why is someone who should be at the Saudi Arabian embassy loitering around in Korea?”

“Well, I was assigned to the Korean embassy.”

“… … It’s a demotion.”

Warren Buffer clicked his tongue slightly.

“I was going to hear in detail about the current situation in the Middle East in relation to the oil crisis. Did you get it?”

“T. The people at the embassies in the Middle East are all my classmates.”

“Anyway, I’m telling you, James! Are you really still the same?”

“Am I the type of person who values ​​connections more than ability?”

“You only go to oil-producing countries, so you must know the inside story of the Middle Eastern royal family.”

Warren Buffer chuckled.

“But why did you come to Taesung Hotel on the first morning of the New Year?”

“Well, that’s what it is… … .”

The U.S. Ambassador to Korea glanced at President Shim and me.

It was an awkward laugh.

“Is there anything you want to know about Gulfsa?”

“Gulf Sa? Aha!”

Warren Buffer also looked back at me and President Shim.

“Anyway, you’re really fast on your feet. You’re already using your hands.”

“Because Gulf is not a small or medium-sized company with a few pennies.”

I curled my thumb and index finger into a circle.

“This is a matter that affects the fate of the world’s 9th largest company by market capitalization. Wouldn’t it be better to keep it well-oiled?”

Where in the world is there a lubricant as good as this?

Everyone burst into laughter at the same time.

One side is business people, the other side is high-ranking administrative officials.

Aren’t these people people who have a unique perspective on the representative connections of political and business collusion?

“I told you, this kid has a chance of becoming something big.”

“Warren, you think so too?”

“The sprouts are so different. It’s like looking at my childhood.”

Warren Buffer looked mischievous.

“How on earth did this would-be big shot roast you, James?”

“Do you see this?”

The U.S. Ambassador to Korea finished signing and stamping the contracts and showed them to each person.

It was a paper that glittered with a dazzling golden light.

“I have reserved a seat for the future outside director of Gulf.”

“What the hell! What the hell is going on with the salary?”

Warren Buffer opened his eyes wide and counted to ‘0’ again.

“I’m paying such a high price to hire someone like you who is completely useless in management. Turns out JH Investment is a sucker company?”

“Who wouldn’t say that someone is useless? They say that what they want from outside directors is not management skills, but connections and personalities that can help the company!”

“Huh! Who says that?”

“Here, this person.”

The US Ambassador to Korea pointed at me, and Warren Buffer stared at me for a long time.

“I always wondered how he became the largest shareholder of Berkshire Hathaway at such a young age.”

It’s like seeing a strange animal.

It’s like seeing a special junior.

“Kid, you’re really not ordinary.”

“Thank you for the compliment.”

I smiled broadly and offered him a seat.

“In that sense, let’s discuss our Gulf company in more depth.”

“Gulf Sara… … . That’s good.”

Warren Buffer sat down in my chair.

“As promised, we will exercise the 2% stake in Gulf held by Berkshire Hathaway in Taesung’s favor.”

“It’s not Taesung, it’s JH Investment.”

I poked his chest with my index finger.

“We at JH Investment are planning to acquire Gulfsa.”

“Is it possible?”

“sure.”

I winked one eye.

“How is this possible? You can check it out for yourself at Gulfsa’s extraordinary general meeting.”

“That means you have confidence.”

Warren Buffer rested his chin on one hand.

“Hmm, I guess they are thinking of holding a Gulf shareholders’ meeting and dismissing the current CEO and management?”

“Of course.”

“If the purpose was simply to secure friendly shares, it would have ended with a request to attend Gulfsa’s general meeting.”

Warren Buffer asked.

“What is the real reason you called me out here?”

Warren Buffer glanced back at President Shim and the U.S. Ambassador to Korea.

“James is blocking the US government’s intervention through the embassy, ​​but what about me? You weren’t trying to offer me the position of Gulf president, were you?”

Warren Buffer smiled with a troubled face.

“I’m sorry, but I guess I’ll have to decline that?”

“Thank you for your consideration.”

“… … .”

“Of course I had no intention of suggesting it.”

“… … .”

Mr. Buffer, why don’t you make such a ridiculous face?

“There is a separate candidate for the new Gulf Coast president.”

“Who is it?”

“This way, this is President Shim.”

“What? Who?”

Warren Buffer looked back at President Shim with surprised eyes.

“Isn’t this person the president of JH Investment’s Japanese branch?”

Warren Buffer glanced at President Shim.

It was a suspicious look.

“Gulf Oil is the world’s 9th largest oil company by market capitalization. Shouldn’t it hire a proper professional manager?”

“Our CEO Shim is a management genius and a master of the petrochemical industry.”

“hmm?”

“For your information, he is also the person who founded and developed Taesung Chemical.”

I wonder if Warren Buffer knows anything about a single Korean petrochemical company.

“Gulf Sae also needs to jump into the petrochemical industry in earnest now.”

“Kid, did you know that investing and management are completely different fields?”

Of course I know that.

‘In my previous life, I was famous for my corporate investments, but I was not famous for my management.’

Because of the blessings of humanity that were punished by heaven!

Managing a business is not something you can do alone.

But the only relationships that were allowed to me were those that specialized in betrayal, extortion, embezzlement, and collusion, so I gave up on this path with tears in my eyes!

‘But President Shim is different.’

This is the real expert in proper corporate management!

“I trust President Shim.”

“Your Majesty… … .”

“I’m sure that President Shim could make Gulfsa grow much bigger than it is now.”

Warren Buffer still looked at President Shim with suspicion.

“The US market is very different from the Korean market. If you think about items that work in the Korean market and systems that Korean companies operate, and come in easily, you’ll end up in big trouble.”

Currently, the US market is incomparably larger and more demanding than the Korean market.

There is even a joke going around that all good products are flocking to the United States in hopes of hitting the jackpot.

“To be honest and blunt, isn’t Taesung Chemical not even the best petrochemical company in Korea?”

“… … .”

President Shim couldn’t refute it.

“They say that in the US market, your career as the former president of Taesung Chemical is not enough to even hand out a business card.”

Warren Buffer’s eyes narrowed further.

“What this means is that Taesung Chemical’s petrochemical technology will not even be able to conquer the U.S. market, and furthermore, it will be difficult to guarantee Gulf’s future.”

His eyes were watching President Shim’s reaction closely.

“How do you plan to solve this problem?”

“… … .”

President Shim’s expression darkened.

President Shim is unable to answer readily.

Warren Buffer sighed softly after seeing the reaction.

“There will be some noise at the Gulf News shareholders meeting.”

“… … .”

President Shim’s shoulders slumped.

“Mr. Shim, straighten your shoulders and open your chest.”

I put my hand on President Shim’s shoulder.

“Why can’t you say anything?”

“master.”

“We haven’t even been able to properly utilize Gulf’s capital, technology, and human resources pool yet, right?”

“But, your highness.”

“I know because I’ve managed people at JH Lab. The results change depending on how and how well you manage them.”

I said it bluntly.

“The people at the Gulf Research Institute are the elite of the elite, the best in the world. If President Shim is determined to manage them, he will be able to manage them better than the people at the JH Research Institute.”

And that’s not all?

“Even though I look like this, my eyesight is pretty good, right?”

These special eyes that King Yeomra has specially taken care of!

My vision and experience that allowed me to rise to the level of a loan shark with my bare hands!

I believe.

“I’ll just pick out the ones that will make money.”

Warren Buffer snapped his fingers.

“How about this?”

Warren Buffer smiled slyly.

“Our Berkshire Hathaway company also happens to have a petrochemical company as an affiliate… … .”

“I will decline.”

I cut it off without even listening to Warren Buffer’s backstory.

“Even if you reject someone, first find out what kind of company it is… … .”

“I’m not interested.”

“No, the petrochemical companies owned by our Berkshire Hathaway company are also quite… … in the U.S. market.”

“It’s not my fault.”

“Then, among them, the one famous for chemical fibers… … .”

“I’m not buying it.”

I crossed my arms and made an ‘X’.

‘Who is this guy trying to sell some difficult shit to?’

I can guess why Warren Buffer is like this.

“Berkshire Hathaway has always been a headache because of its parent company, right?”

No wonder Warren Buffer later groaned, “This was the worst investment of my life!”

Warren Buffer also said that management and investing are two completely different fields.

As the company grew in size, its corporate governance structure began to rapidly deteriorate.

“Of all Berkshire Hathaway subsidiaries, the only one I’m interested in is the insurance company.”

“… … !”

Berkshire Hathaway’s cash cows include insurance companies.

One of Warren Buffer’s biggest regrets was that he would have made twice as much money if he had just bought an insurance company from the beginning.

“We are interested in acquiring Berkshire Hathaway’s reinsurance, property and casualty insurance, specialty insurance, and corporate insurance companies. What do you think? Do you want to sell?”

“That, that’s… … !”

This is Berkshire Hathaway’s main business!

In the insurance sector, Berkshire Hathaway maintained its No. 1 market share in North America.

Warren Buffer stuck out his tongue.

“Did your father, who was Taesung’s brain, tell you all this?”

He stroked his chin with an interesting expression on his face.

“I was surprised to find someone with such deep understanding and insight into the operating principles of our Berkshire Hathaway company.”

Warren Buffer opened his wallet and took out a black business card.

It was the same premium business card he had given me before.

“At this point, no matter what happens, I want to invite you to Berkshire Hathaway’s May annual meeting.”

This was also a separate invitation from Warren Buffer.

Whenever I look at it, I feel really good because it sparkles with gold.

It was a moment when Warren Buffer’s smile seemed to deepen.

“Your father, what if Berkshire Hathaway is willing to invest if Taesung Brain takes over as chairman of Gulfsa?”

“I will decline.”

“Even if I give up, I still listen to the backlash… … .”

“I told you I’m not interested.”

I flatly refused.

Warren Buffer couldn’t hide his bewilderment.

“No, you’re just going to reject our Berkshire Hathaway investment without asking any questions?”

“You’re not saying you’re going to invest with your bare hands, are you?”

“Of course! Isn’t it the rule in this world to exchange investment funds for shares?”

“That’s why.”

Everyone looked at me with surprised eyes.

“Kid, there is a Wall Street formula that says that any company Warren Buffer invests in will definitely succeed, so it has some credibility.”

“Isn’t it because Gulf Saga is currently in deficit and needs investment funds?”

“If the Gulf shares are overflowing anyway, wouldn’t it be more profitable to give some to Berkshire Hathaway and receive the investment?”

I shrugged.

“I will decline.”

“her!”

“One more thing. Even if I sell my Gulf shares when I sell them, it’s not now.”

Even if you sell Gulf shares at a fair price now, you will only get shit money.

Because the incompetent Gulf executives have been running the investment portfolio like a beggar.

Gulf’s stock price plummeted repeatedly in conjunction with the oil crisis.

“If you want to acquire shares of Jeong Gulf Sa, why don’t you try to buy them at a fair price on the stock market?”

“You really have great confidence.”

Warren Buffer sniffed the air.

“When you say it like that, it strangely becomes more interesting. It smells like money.”

“Shall we talk more about money?”

widely.

“What is this?”

“You said you were willing to invest in genetic development?”

I smiled brightly.

“Have you heard about the ambitious development of Kuwait’s oil fields that Gulf Power is pursuing?”