The Magician’s Memorial - Chapter 112



Only Krnovel

Episode 112 craze (1)

Three months have already passed in 1999.

Because so many companies were merged and merged, my grandfather and I had a busy time, and it was only when we returned home that we were able to see each other.

“Taewoo Communications is sponsoring an interesting place. “I thought I was sponsoring a sports gaming team, but I didn’t know they created a gaming team.”

“It is much more effective than sponsoring most ball sports. Thanks to this, Taewoong Telecom is ahead of KS Telecom in market share by about 5%.”

“Well, I guess you, young man, can take care of things like that.”

Grandpa smiled and picked up the remote control.

As long as Taewoong Communications maintained its number one position in the industry, it would not be an issue whether it sponsored a gaming team or a gaming competition.

“Tsk, tsk, I don’t know why all the TV commercials are like this these days. “I wonder what famous celebrities are doing in loan business advertisements.”

“I can’t help but pay a lot of money for advertising. In the end, wouldn’t they be doing that without knowing that it would be damaging their own image?”

“But that ad is a bit better.”

I turned my eyes to the TV.

There was an advertisement for a loan company created by the Myeongdong Three.

It emphasized the risks of private loans and openly criticized the high interest rates of Japanese loan companies.

“Even though they are all the same loan companies, they said that this company lends money at a relatively low interest rate.”

“So, aren’t they just Myeongdong loan sharks? “You have no idea how much I stooped to borrow money from those guys.”

The relationship between the Myeongdong trio and their grandfather was deep.

Now I have no debt at all, but a few years ago, my grandfather was the head of a large company that visited Myeong-dong the most.

“But wouldn’t it be better than Japanese loan companies?”

“Seeing you take sides, I guess you helped. I heard that they also helped the Gwanghwamun bear. “I don’t know how to help, but please don’t get too involved.”

“There is so much to do just working at Taewoo Group. They should take care of the affairs of Myeong-dong and the loan company. “All I did was give some advice.”

An ad skipped during the conversation.

An advertisement for a new car produced by Taewoo Motors has been released.

“These days, Taewoo Motors’ sales volume is extraordinary.”

“Hehe, it’s in second place in the European market. It was a good thing they took over the Polish factory. “We plan to beat Volkswagen and aim for first place in the European market next year.”

“I heard that the response was good in the US as well.”

“Already, the U.S. recently announced a preference survey, and among Korean companies, Taewoo Motors was the only one in the top 10.”

Taewoo Motors has definitely succeeded in the global market.

Although I was not directly involved in the products like Taewoo Electronics or Taewoo Telecommunications.

Taewoo Motors’ sales volume was increasing at a rapid pace every year, causing a huge craze not only in China but also in the European and American markets.

“There is talk of it being the next Honda in the United States.”

“It should be the first Taewoo Motors, not the second Honda. Shouldn’t you and I make that happen?”

“It’s thanks to my grandfather’s heavy investment in Taewoo Motors. “No. 1 in domestic market share is just around the corner.”

The competition between Taeucha and Kaicha was very successful.

As the two car companies were fiercely competing within the group, the quality of cars produced was greatly improved.

“The French boss you brought in did a great job. “We have already resolved a significant portion of Kai Motors’ debt.”

“He may be like the devil to the employees of Kai Motors, but at the group level, there is no manager like him.”

“From what I can see, the restructuring was severe. And the schedule is managed by the minute.”

Carlos Ghosn was truly a devil-like person.

The time to go to the bathroom was also controlled, and conversation was not allowed while working.

Under normal circumstances, problems would have arisen.

Since the unemployment crisis was getting worse after the foreign exchange crisis, there was no backlash.

And the employees also wanted to win the competition with Taechu, so they endured it.

“Thanks to this, Kaicha’s market share is recovering quickly. On the other hand, the SS car acquired by Hyunjae Motors is said to be continuing to suffer losses.”

“It’s like the SS car is holding the current car’s foot. “You shouldn’t take over a company so forcefully, but Chairman Jang made a big mistake this time.”

I never thought something like that would come out of my grandfather’s mouth.

Chairman Jang was a nobleman compared to his grandfather.

How did I save Taewoo Group from almost going bankrupt due to a reckless acquisition of a company?

“The current car is not receiving a bad response in the U.S. market, but since so much money is being spent on SS cars, it is likely to remain stagnant for the time being.”

“In the meantime, we’ll have to go further.”

My grandfather was also a businessman after all.

He viewed the slowdown of his rivals as an opportunity.

“But Taewoo Electronics’ stock price is strange. Even though the new product wasn’t even released, the stock price rose quickly. “I received a report that it was due to a project underway in the IT division, but even so, the increase is too large.”

“Isn’t it the IT boom? These days, stocks are rising just by entering the word IT. Moreover, the IT business conducted by Taewoo Electronics is generating good sales, so of course it is bound to rise.”

“But it has already doubled in half a year.”

I understood my grandfather’s concerns.

Taewoo Electronics was, after all, a company that manufactured home appliances, and its stock price had to fluctuate depending on the sales volume of home appliances.

“For other IT companies, the price rises not 2 times, but even 5 times.”

“Isn’t Taewoo Electronics a home appliance company, not an IT company?”

“That’s why it only went up twice. “If the IT department had been separated into affiliates, it could have risen tenfold.”

“okay? “Then why not take this opportunity to separate the IT department?”

I also created an IT department with the same thoughts as my grandfather.

It started as a division of Taewoo Electronics and was separated into a new affiliate.

But as time passed, I put that thought aside.

At least I couldn’t do it right now. Because there is not much time left for the IT bubble to burst.

With Taewoo Electronics, we were able to protect our stock price.

Of course, the stock price is rising relatively little now that it belongs to Taewoo Electronics, but considering the time when the stock market crashed, it was actually a benefit.

“It’s not that I haven’t thought about separating our affiliates. But wouldn’t you say that if we add another affiliate, we will expand the octopus?”

“Are you afraid of maggots so you can’t make soy sauce?”

“Taewoo Electronics shareholders will also be dissatisfied. “Thanks to the IT department, the stock price is rising. In the current situation, wouldn’t Taewoo Electronics’ stock price fall if it separates its affiliates?”

“When you run a business, you shouldn’t be afraid of being criticized.”

“Of course I am prepared to be criticized. However, the IT department is not ready to become independent yet.”

Because it was the IT department I created.

My grandfather no longer pushed for the separation of affiliates.

“Don’t leave the IT department to your will. But when do you plan on dating? “Don’t just be stuck at work, go meet pretty women and children.”

“I heard that other third generation chaebols are telling you to stop dating women. “Your grandfather is different.”

“You’re not the one causing accidents, so why would I say something like that? Considering her age, get married quickly. “I won’t care about family or age, so just quickly bring the one wife or child you like.”

It wasn’t that I didn’t have any thoughts of getting married.

But I have a lot of work to do at work.

If you go to work at 7 a.m. and stay buried in a pile of documents until the sun goes down, when are you going to date the opposite sex?

I wanted to vaguely skip the topic.

My grandfather was adamant about the marriage issue, so the conversation kept going there.

At that moment, news broke out that made the grandfather turn his head to the TV.

[The truth about the death of Chairman Lee Sun-il, which caused an uproar in the Myeong-dong private bond market, is being revealed. Chairman Lee Sun-il’s younger cousin, Lee Jun-su, was arrested.]

It was news related to Gwanghwamun Chairman Lee.

I used the police, prosecutors, and even the National Tax Service to dig into Junsu Lee, and in the end, he couldn’t avoid being arrested and investigated.

Although he was not found to be the real culprit in Chairman Lee’s death.

Lee Jun-su had to remain confined in a detention center for the time being because he had committed other crimes.

“In the end, Director Lee was arrested. “It seemed like he was being protected by the political world, but they managed to capture him.”

“The evidence was so clear that it would have been difficult for politicians to come forward.”

“I’m so shocked that a guy like that was in the Taewo Group. I feel sorry for Chairman Lee. “He took care of that guy like his cousin, Saira.”

My grandfather was truly saddened by the death of Gwanghwamun Chairman Lee.

Therefore, he watched the news angrier than usual and cursed at Director Lee.

“It’s terrible to think that Director Lee still remained at Taewoo Motors.”

“I see you got rid of this manager at the right time. “If you think about it now, it seems like everything you do always brings good results.”

“I was lucky.”

“Isn’t luck also skill? So what business do you plan on getting into next?”

The first goal set before returning was achieved.

Let’s save Taewoo Group from the foreign exchange crisis.

Now it’s time to implement the second goal.

“We are making plans to further grow Taewoo Electronics.”

“Are you planning to further grow Taewoo Electronics, which has already grown thanks to the IT department?”

“If Taewoo Electronics wants to grow further, it must actively enter the semiconductor business.”

“What is CL Group planning to do now that it has lost its semiconductor business to Hyunjae Group?”

“Then wouldn’t it be okay if we took the semiconductor business away from the current group?”

“The current group is in trouble due to a dispute over management rights. “Is it time?”

“The Prince’s Rebellion has not officially broken out yet. Wouldn’t it happen as early as this time next year? So, we need to prepare well from now on to take over the semiconductor business.”

The current group’s prince’s rebellion was a fait accompli.

No matter how hard Chairman Jang tried to prevent the management dispute, there was nothing he could do about his children’s farming.

“Even if we take over the semiconductor business, will that business make money? “They say the semiconductor market is in decline these days.”

“It is clear that this is a project that requires a lot of investment in the long term. A company that does not have the money to survive that time will fail. However, Taewoo Electronics has the ability to endure. To that end, we plan to tie the IT department to Taewoo Electronics.”

They say the IT boom is dying out in the stock market.

In the end, it was clear that the IT business was a profitable business.

Therefore, Taewoo Electronics was able to buy time for the semiconductor business to revive.

“Hehe, if all goes according to your plan, Taewoo Electronics could account for over 50% of the group.”

“We also plan to grow our battery business several times larger than it is now. “The battery business also requires a huge amount of investment, but we are confident that we will at least not see a loss.”

There were several projects that required time and money.

Semiconductors, batteries, LCDs, etc.

Among them, I planned to invest in semiconductors and batteries, businesses that would become Taewo Group’s cash cows 10 years from now.