The Magician’s Memorial - Chapter 118



Only Krnovel

Episode 118 New Era (2)

In 10 years, Hyundai Motor Company will rise to third place in the business rankings.

However, current construction, securities, and electronics are experiencing great difficulties and are either downsized or handed over to other groups.

In the end, the final winner was the eldest son, Jang Gyeong-jun.

However, because they did not know this fact, they were competing for succession to acquire even more affiliates.

“If we help one side, the weight will definitely tip, right?”

“If Taewoo Securities pushes aside the current group’s shares, there is a good chance that will happen.”

“If we were to create the chairman of the current group ourselves, we would lose a lot of Congo, but unfortunately, we can’t do that.”

“Why is that so?”

“Chairman Jang Young-joo asked me to do it. “Please never intervene in management disputes.”

“Did something like that happen? “I think Chairman Jang was expecting a day like today to come.”

A promise is a promise, so you should keep it.

However, situations kept arising where it was difficult to keep promises.

***

I really didn’t want to get involved in the current group’s management.

However, my sixth son, Chairman Jang Young-jun, contacted me saying he wanted to meet me, and since I had no reason to refuse, I had no choice but to meet him.

“I apologize for calling you out while you are busy. “I wanted to meet you, so I contacted you despite my shame.”

“Wouldn’t Co-Chairman Jang Young-jun be busier than me?”

I said the word ‘co-chairman’ emphatically in some cases.

It meant that you are not yet the true head of Hyunjae Group, and that would make Chairman Jang Young-jun angry and reveal his true feelings sooner.

“Hehe, I don’t know why I hate hearing the word co-president so much.”

“I guess I made a mistake. From now on, I will call you Chairman Jang.”

“There is no such thing as a mistake. “My position is co-chairman, so of course you should call me that.”

Jang Young-jun was unable to completely hide his true feelings.

Meanwhile, I looked at the detailed information on Youngjun Jang, and found that his abilities were clearly lower than those of Chairman Youngjoo Jang.

“Since you can’t leave for long, I’ll get to the point first. I cannot intervene in the current situation of the current group. “I promised to do so with Honorary Chairman Jang Young-joo.”

“I heard that you are close to my father. So shouldn’t you help me? “I am the successor to the current group that my father chose.”

The successor chosen by Chairman Jang Young-joo.

There was no better justification than this, and it was natural that he would become the next president if the natural order of things was followed.

However, because he was the sixth son, not the eldest son, he was not recognized by anyone except Chairman Jang Young-joo.

Especially the other brothers.

They said that of course the eldest son should be the successor.

Jang Young-jun came to see me because his relatives also came to the defense of his eldest son.

“Still, I can’t break my promise. I’m really sorry.”

I kept saying no.

If this is going to be the case, you may be wondering why I even came here.

If the rumor spreads that Jang Young-jun and I met, wouldn’t Jang Gyeong-jun, the eldest son, also make a move?

***

As expected, the rumor spread quickly.

Perhaps because it was the Prince’s Rebellion that was causing an uproar throughout Korea, there was even a reporter who secretly filmed the scene of me and Jang Young-jun meeting.

So, of course, Jang Kyeong-jun was contacted.

In order to avoid the mistake of being photographed by paparazzi like before, I met with Jang Kyung-jun at a location managed by Captain Kang.

“We apologize for causing you concern. We never met to support co-chairman Jang Young-jun. Honorary Chairman Young-joo Jang once asked me not to get involved in management disputes, so all I could say was that he could not support Co-Chairman Young-joon Jang.”

“Hehehe, it’s not up to Director Kim Min-jae to make excuses. And what would I say if Director Kim Min-jae said he supported Young-jun? “You are the most successful person in Korea.”

I intentionally made a long excuse to lighten the mood.

My intention worked exactly, and we were able to continue our conversation in a very warm atmosphere.

“But did you make such a promise with your father? “I had no idea.”

“Actually, Honorary Chairman Jang Young-joo asked me to support co-chairman Jang Young-jun, but I declined. In return, we made a promise not to intervene in management disputes.”

I brought up some things that didn’t need to be said.

Because this will only crack Jang Kyung-jun’s pride.

“By the way, your father is too much, isn’t he? “He got into trouble because he was the eldest son, and now he says he can’t hand over the chairmanship because of his history of making shit up.”

“I understand that you have bad knees due to the hardships you endured in prison.”

“When it rains, my knees hurt so much. “I went through all the hardships, but it ended up like this.”

It was Jang Kyung-jun, who told a sad story with a smiling face.

Meanwhile, I checked his details.

I unconsciously opened my mouth at the sight of his abilities being far superior to Jang Young-jun’s.

Similar abilities to Chairman Jang Young-joo.

But why does Chairman Young-Joo Jang support Young-Jun Jang rather than Kyung-Jun Jang as the next president?

Maybe it’s because it’s so similar to him?

If he took over as chairman, it was clear that he would try to take over everything.

If that happened, the remaining brothers would not be able to inherit the proper company, so they may have appointed the mild-mannered Jang Young-jun as the successor.

“I feel like a parrot these days. I end up repeating the same words. “I cannot intervene in the current group’s management dispute.”

“I am satisfied because we have confirmed that we do not support Youngjun.”

Jang Gyeong-jun said he was satisfied, but he was full of regret.

For him, I brought up a new topic.

“It’s presumptuous, but may I say something?”

“Who will stop Director Kim Min-jae? “You have to listen to whatever they say.”

“It may seem like I’m bragging, but I’ve heard many times that my grandfather has a great sense of perspective. “It can be said that it was because of my insight that I became the president of Taewoo Electronics and the head of the planning department at a young age.”

There was no action that seemed as trivial as bragging about oneself.

Nevertheless, I boasted about myself at the beginning, and Jang Gyeong-jun showed great interest.

“If Chairman Kim Tae-joong says so, it would be so. “The first person I respect most in Korea is my father, and the second place is Chairman Kim Tae-jung.”

“From my point of view, I think Co-Chairman Jang Kyung-Jun’s abilities are much better than Co-Chairman Jang Young-Jun.”

“Hehe, you don’t have to launch me. “Isn’t it because my father chose Youngjun because I lack ability?”

It was never something I said to cheer him up.

Why would I, the successor of Taewoo Group, bother to say such a thing?

“To be more honest, Co-Chairman Young-Jun Jang’s abilities do not seem sufficient to lead the current group.”

“I think so too. “So, isn’t that why you are disobeying your father’s orders and being rebellious?”

“However, honorary chairman Jang Young-joo has already designated Jang Young-jun as his successor, so the result cannot be changed. “For the current group, Honorary Chairman Jang Young-joo’s words are absolute.”

“I don’t know what you mean by saying this.”

No matter what they do, the next president will be Jang Young-jun.

As I said these words at length, Jang Kyung-jun could have burst into anger.

“How about taking a long look with me?”

“What does that mean?”

“Just hand over the position of next president to Youngjun Jang. If an incompetent person takes over as head of a group, isn’t the entire group bound to be shaken? At that time, Chairman Jang Kyung-jun can absorb the current group’s affiliates.”

I was definitely going to keep my promise to Chairman Jang Young-joo.

The promise is not to intervene in management rights disputes.

After that, when Hyunjae Group faltered, carrying out mergers and acquisitions was not an act of breaking a promise.

“It sounds as if we should divide the current group’s affiliates.”

“We will help Chairman Jang Kyung-jun own Hyunjae Construction.”

“Then what should I do for you?”

“We just need to help us bring Hyunjae Electronics’ semiconductor field to Taewoo Group.”

My goal was semiconductors.

Of course, it is possible to bring in the current electronic semiconductors without the help of Chairman Jang Kyung-jun.

If I could get Chairman Jang Kyung-jun’s help, I could bring semiconductors at a very low price, so I made this proposal.

“It would be nice if we could bring Hyunjae Construction, but Youngjun will never give up construction.”

“The construction industry is currently in a serious situation. “If we have excellent managers, we can overcome the current crisis.”

“You’re saying that Youngjun is not a great manager, so Hyunjae Construction will collapse?”

“I think so.”

“What if that doesn’t happen? “I have to watch like a dog chasing a chicken.”

Merchants did not believe in verbal promises.

Jang Gyeong-jun was the same way, so I took out the documents I had prepared in advance.

“If Taewo Construction does not experience a crisis within a year, I will give you the 8% stake in Hyeonjae Construction held by Taewu Group.”

“Are you just going to hand over the shares?”

“Of course, I won’t give it to you for free, but I will only give it to you at a price that matches the stock price at the time.”

“Hmm, not bad conditions. But no matter how poor Youngjun’s management skills are, will Hyeonjae Electronics, along with Hyeonjae Construction, be in danger?”

Currently, Electronics was generating fairly decent sales.

In particular, the potential for growth was predicted to be high because the company had taken over semiconductors from CL Electronics.

“Semiconductors are a field that requires more management skills than the construction industry. And semiconductors require a huge amount of money to be invested in initial development. “If the current group is split into several parts, where will Chairman Jang Young-jun get such funds?”

“I suddenly want to ask you something. “What do I think, in the eyes of Director Kim Min-jae?”

“I think my son is the one who resembles Chairman Jang Young-joo the most. “In particular, I believe his management skills are completely identical.”

Only then did Jang Gyeongjun smile.

He immediately put his signature on the document I handed him.

“I felt relieved. The thought of losing the group to his younger brother filled my mind, but thanks to Director Kim Min-jae, I was able to put my mind in order.”

“We need to get SS Automobile back to normal before Hyunjae Construction starts to falter. Only then can the remaining funds be used to acquire Hyunjae Construction.”

“If it’s a SS car problem, there’s no need to worry. “For the time being, I plan to go to work at SS Motors myself and get things back to normal.”

The part I was worried about was the SS car.

In the past, Taewoo Motors acquired SS Motors, but this time it was taken over by Hyunjae Motors.

I was worried because I had seen from the side how difficult the Taewoo Group had been with the SS car.

“As you know, today’s story is a secret between us.”

“Who would believe a story like this if it spread? And since it is not an intention to intentionally cause damage to the current group, there is no possibility of it being a problem at all. “Still, we will thoroughly crack down on admissions.”

Chairman Jang Kyung-jun’s face brightened even more.

The eldest son who was not chosen by his father.

How much pain must you have suffered during this time? But now that I have new hope, I can let go of the past.