The Magician’s Memorial - Chapter 135



Only Krnovel

Episode 135 Big crash (4)

I attended the inauguration ceremony and returned to Korea.

Other than sitting in the best seat and getting a good view, there wasn’t much benefit.

Because so many people attended, there was no time for separate conversation, and we had to be satisfied with just shaking hands.

But why?

A reaction that I had never expected was coming out.

“Vice President, there is a very positive response from the media. “It is highlighted that he was the only Korean businessman to be invited to the presidential inauguration ceremony.”

“is that so?”

Actually, I sat in a great seat and watched the inauguration ceremony.

So, photos with good composition came out, and it would have been perfect to raise an issue in the media.

The fact that I sat in a better position than the Prime Minister, who attended the inauguration ceremony as a representative of Korea, probably played a role.

“Well, it’s only for a little while. “If Taewoo Group’s stock price can’t be defended, they will turn me into someone who will kill me again.”

“We are protecting our stock price as much as possible through share buybacks and cancellations. And as foreign purchases are increasing, it is expected that the current situation will be maintained or a slight rebound will be possible.”

It was natural that foreign buying power increased.

Because SAVE Investment Company was buying Taewoo Group stocks again.

However, there was a limit to raising Taewoo Group’s stock price through simple stock purchases.

“The semiconductor yield issue must be resolved for stock prices to properly rebound.”

“It has not yet exceeded 60%. “Even that was possible because we poured in a huge amount of investment.”

I literally made a fortune at the semiconductor factory.

Temperature, humidity, cleanliness, etc.

Various facilities were introduced to control all conditions that could be variables.

“The financial resources of Taewoo Electronics and telecommunications are running dry.”

“Still, we have been able to handle it so far because we are splitting the funds between the two.”

“Thank God I have a cash cow.”

Taewoo Telecommunications was earning a huge amount of money in communication fees every month based on its No. 1 market share.

Taewoo Electronics was accumulating cash through various subscription-type BMs such as game platforms, music sites, and OTT services.

“In particular, revenue from gaming platforms is exceeding expectations. “Taewoo Electronics’ highest-grossing business division is the gaming platform, and it generates more net profit than home appliance sales.”

“Since there are almost no costs, the net profit is bound to be high.”

The gaming platform did not simply collect commissions on game sales.

In order to purchase, sell, etc. items, we had to use the game platform, and we were able to take a certain amount of profit each time a payment was made.

That wasn’t the end.

When I was the president of Taewoo Electronics, I secured a stake in a game company.

Some of the profits earned by the game company flowed into Taewoo Electronics.

“Thanks to that, we were able to run Taewoon Semiconductor without debt. “Game platform sales are increasing significantly every month, so it seems reasonable to build a new factory.”

“The game is the best. “It seems like the gaming industry is the only industry that saw sales increase even during the dot-com bubble.”

“Thanks to our outstanding BM, customers are opening their wallets.”

Gaming platforms didn’t make money for nothing.

I adopted the Korean business model a few years early, and thanks to that, game companies were making huge profits.

Innovation in billing structure.

Money is extracted by introducing probability items.

It was a BM that had nothing to say even if it was criticized by users, but it was clear that it was a charging structure that was generating huge profits right now.

“For the time being, it should be seen that all sales of Taewoo Electronics and Telecommunications are invested in Taewoo Semiconductor. In just a few years, the day will come when Taewo Semiconductor will support electronics and communications.”

“The planning office will continue to prepare plans for Taewo Semiconductor.”

The entire group was clinging to Taewoo Semiconductor.

However, unlike the current group, we had several outstanding cash cows, so we were able to endure.

Still, it wasn’t a good situation.

So there was a need to call in more cash cows.

***

Late at night.

A conspiracy was taking place in a small bar located in Yeouido.

“Why does someone like Boss Jang have to suffer this humiliation? Isn’t President Jang the person who created Taewo Construction? “Does it make sense to be pushed out by the guy who became vice president just because he is Chairman Kim’s grandson?”

“I guess I can’t do it all. “Ugh.”

Jang Soo-young, former president of Taewoo Construction.

He was living in seclusion when he received a call asking to meet.

Although he did not want to meet anyone, he received a call from Choi Jong-min, the Vice Minister of Foreign Affairs who was loved by the government.

In fact, it didn’t matter if Vice Minister Choi Jong-min refused if he was alone.

However, I couldn’t refuse because he asked me to meet him with his father-in-law, Yoon Hyeon-gil.

Yoon Hyeon-gil was a five-term member of the National Assembly and was a prominent figure in the political world.

“I will pour a drink for President Jang, who led the construction industry.”

“It’s an honor to receive a drink from Rep. Yoon.”

“I was too harsh at the hearing four years ago, right? Hehehe, let’s have a cold drink and unwind.”

It was Rep. Yoon Hyeon-gil, who was also the chairman of the Land, Infrastructure and Transport Committee.

The relationship between the construction industry and the National Land, Infrastructure and Transport Commission was like oil and water, so the relationship was strained.

Since he was no longer the president of Taewoo Engineering & Construction, CEO Jang Soo-young accepted the drink and drank it.

“Maybe because it was given to me by a congressman, it tastes very sweet.”

“I also drink alcohol with Boss Jang, and it tastes very sweet. “Hehehe.”

“If it’s just the two of you, I’ll be disappointed. “Please pour me a drink too.”

Vice Minister Choi Jong-min proudly held out his drink.

He was the one who gathered them here, and everyone was curious about his plans.

“I can pour alcohol as many times as I want. But you haven’t told me yet why you called me here.”

“We are trying to blow away Vice Chairman Kim Min-jae. I also suffered a few things from Minjae Kim. “I am the type of person who repays favors twice, but I repay resentments tenfold.”

Vice Minister Choi Jong-min was gnashing his teeth at Kim Min-jae.

There were many reasons why he disliked Kim Min-jae so much, but the biggest one was because he ignored him at the Russian President appointment ceremony.

It may be a trivial reason to others, but it was a huge humiliation for Choi Jong-min, who grew up only as an elite.

Of course, there was also the idea of ​​taming the Taewo Group by dealing a blow to Kim Min-jae.

“Vice President Kim Min-jae doesn’t really have any weaknesses. “He has only been with the company for a few years, and although I hate to say this, he has succeeded in every business he has led.”

“It doesn’t matter if it’s not necessarily Kim Min-jae’s weakness. After some digging, I heard that the construction company serves as the group’s money maker? “Don’t you know information about slush funds and accounting fraud?”

“… … .”

President Jang Soo-young was silent.

Since he was Chairman Kim Tae-jung’s right-hand man, he naturally did a lot of illegal things.

In addition to slush funds and fraudulent accounting that Vice Minister Choi Jong-min wanted, he also did worse things.

The problem is that he took matters into his own hands, so if it were known, he could also go to jail.

“I will take care of this so that no harm is done to Boss Jang. “We will only use it to put pressure on Taewo Group.”

“Everything was handled by the chairman himself. “I don’t know anything.”

It was CEO Jang Soo-young whose tone of voice suddenly changed.

He also had a strong desire to get revenge on Kim Min-jae and Taewoo Group, but he did not have the confidence to risk his life.

“If this matter is resolved well, I will help you take office as the president of Hyunjae Construction. “Isn’t it necessary to have someone like President Jang Soo-young to revive Hyeonjae Construction, which is experiencing great difficulties?”

“Have you decided to receive help from the current group?”

“It’s not an alliance, it’s just people walking the same path, isn’t it?”

Hyeonjae Group, which was number one in the business world.

Looking at its affiliates alone, Hyunjae Construction was the No. 1 contracting company, and Hyunjae Motors was the No. 1 company in domestic market share.

But now, all top positions, from business rankings to affiliate rankings, have been handed over to Taewoo Group.

But does the current group have the strength left to do this?

President Jang Soo-young resigned from his current position, but his intelligence power was still alive.

I knew that the current situation of the group was not good enough to sell affiliates or hand them over to creditors.

In this situation, what about Hyeonjae Group and Taewoo Group?

No matter how much I thought about it, it was something I couldn’t understand.

“If you don’t trust Vice Minister Choi, trust me. “I, Yoon Hyeon-gil, am a person who always keeps his promises.”

“It’s not that I don’t trust Rep. Yoon, but I’m not confident that I can handle the fallout.”

“You don’t have to endure it. Just hand over the information and materials and study in the United States for about a year. We will cover everything from lodging expenses to dignity maintenance expenses. And after one year, you can take office as the president of Hyunjae Construction.”

President Jang Soo-young’s heart was shaken.

I didn’t want to continue living like a wild person.

Although he received a few love calls from mid-sized construction companies, they were too small for him, who was the president of Taewoo Construction.

But what about current construction?

It was still the second largest contracting company, and he was confident that when he took office, he would push out Taewo Construction and become first again in contracting.

Wouldn’t that be true revenge?

There was no greater revenge than this for the Taewo Group that abandoned him.

“I’ll go home and check the data. “It may not be helpful because there is not enough data.”

“What is the importance of data? President Jang’s heart is more important. “I’ll give you a drink to celebrate being on the boat with us.”

Rep. Yoon Hyeon-gil skillfully made bomb liquor.

He was so skillful that the rumor that there was no member of the National Assembly who did not drink the bomb liquor he brewed on the floor of Yeouido seemed to be true.

***

A few days later.

I went on a business trip to China under the pretext of inspecting the Taewoo Motors Chinese factory.

On the first day, I toured the new factory as part of a business trip, but I didn’t do anything in particular.

I just looked around the factory to pass the time. The real work didn’t begin until after dark.

“I’m sorry for not saying hello to you often. And congratulations on your appointment as head of the organization.”

“Hehe, you can know the feelings of close friends even without seeing their faces.”

I flew all the way to China to meet Zeng Hongqin.

It was Zeng Hongqin, a figure in the Shanghai room, the core of power, who is now called the President’s right hand man.

Taewoo Motors’ expansion into China was able to proceed smoothly thanks to his help.

And he gave me many gifts during that time.

Is it possible to know someone’s heart without even looking at their face?

Of course. How much money did I give away? Of course it should be.

“If I hear good news next year, I will prepare a very big gift.”

“Hehe, the President is coming down next year, so what good news can there be?”

Next year was the time when leaders, including the Chinese president, would retire.

Retiring meant that a vacancy would be created, and it also meant that successors would take over the position.

It was a given that Zeng Hongqin would become a member of the Standing Committee.

The core of China’s power was the Standing Committee, and there were only seven members.

Since he is the person who will take up that position, I have maintained a relationship with Zeng Hongqin until now.

Because he is a person with a lot to pick from.