The Magician’s Memorial - Chapter 216



Only Krnovel

216. Unilateral gain (5)

The time has come to relocate Taewo Group’s headquarters building.

Even if we can’t relocate right now, we have to break ground this year to be able to relocate 10 years from now, so it felt too late.

No. 1 group in the business world.

Someone said that.

The height of the building is said to be a symbol of power.

The current headquarters building was not enough to symbolize the power of Taewo Group.

And how could the grandson refuse the greed that the grandfather has shown for the first time in a very long time?

“The office building is very old. It looks like a new headquarters suitable for the new Taewoo Group is needed.”

“Oh! Do you think so too? But all the good land is either occupied by other large corporations or owned by the government.”

Most large Korean companies have their headquarters located in Seoul.

In particular, among the top 10 companies in the business world, there was no case where the headquarters was not located in Seoul, and the headquarters of the Taewoo Group, the number one business group, should also be located in Seoul.

“There is still good land left. The land owned by Charlotte Group is very good.”

“You mean the land purchased during the military regime? It is one of the few remaining pieces of land left in Gangnam.”

“I heard that the land purchased for 80 billion won is already worth over 1 trillion won. It is also a land worth that much.”

“So you’re trying to take that land away? The Charlotte Group will never give it up. Isn’t this the land that the group risked its life to protect even when the government put pressure on it?”

It was a land that was suspected of preferential treatment during the military regime.

Naturally, when the military regime ended, the democratic government put strong pressure on the Charlotte Group.

However, the Charlotte Group defended the land despite being pressured, and even attempted to build high-rise buildings several times.

“Is there anything in the world that cannot be bought and sold? If you give it what it wants, the land will be sold.”

“Oh, you are so confident. How can I help you?”

“Would you mind building a bridge so I could meet Chairman Jin of the Charlotte Group?”

“Chairman Jin is someone I can only meet in person. He is older than me and is one of the few remaining presidents, isn’t he?”

Charlotte Group Chairman Jin Ho-gyun was approaching 70 years of age.

He was an adult in the business world, and it was only when his grandfather, who was around the same age, came forward that we were able to meet him.

* * *

My grandfather’s drive was amazing.

In just one day, a meeting with Chairman Jin Ho-gyun was achieved.

This also meant that the greed for the new building was huge, and I wanted to satisfy my grandfather’s greed.

In order to do that, we had to win the heart of Chairman Jin Ho-gyun.

To leave a good first impression, I greeted in a very polite manner.

“Nice to meet you. I am Minjae Kim, Vice Chairman of Taewo Group.”

“Hehehe, you are the grandson that Chairman Kim is so proud of. You look so tall, it’s like looking at Chairman Kim in his younger days.”

“Chairman Jin was amazing, considering his good looks. When I first met him, I thought he was an actor and not an entrepreneur.”

My grandfather also put saliva on his lips for the first time in a long time.

Chairman Jin Ho-gyun smiled brightly at his grandson’s flashy tongue play.

“Is there any good in this because you’re not the type of person to do this? Or are you just doing this because you want to take what I have?”

“You’re saying it’s going to be a big problem. What kind of era is this today? Would you take something by force? If you both like it, you can just barter.”

“You mean you want something. What are you trying to take from this old man, even with your grandson in tow?”

“How can you be treated like an old person when you are both growing old? In this world, Chairman Jin is your senior, but in the afterlife, I may be your senior.”

“You are a terrible person. Why do you say such things? If I have to argue with you, my mouth will only hurt. Vice Chairman Kim, please tell me. What do you want?”

Suddenly the ball came to me.

Since I couldn’t throw away the hard-earned chance, I had to catch the ball with a flashy tongue dribble.

“I understand that Charlotte Group is focusing on the duty-free business. As you know, Taewoo Electronics is producing premium products through collaboration with the Anor family.”

“Are you willing to at least launch the Anor family brand into our duty-free shop? If you do that, I can call Chairman Kim my brother.”

“That’s it! Just thinking about hearing Chairman Jin call me my brother gives me goosebumps.”

“Uh-huh! Didn’t I say I didn’t want to argue with you? I’m talking to Vice Chairman Kim, so please be quiet.”

A person who can scold my grandfather.

Of course, it was possible because he was joking, but still, next to the late Chairman Jang of Hyunjae Group, Chairman Jin Ho-gyun treated his grandfather comfortably.

“We can persuade the Anor family to help launch a luxury brand.”

“Chairman Kim said he doesn’t want to listen to your brother, so I guess I’ll have to give him something else. Don’t go round and round about what you want to receive, but tell me briefly.”

“I would like to purchase land located in Gangnam. I will purchase it at a premium price compared to the current price.”

“Have you seen these day robbers? In the end, they asked to see me because of the land. Doesn’t Chairman Kim know well? What indignity I have endured to protect that land!”

It was Chairman Jin Ho-gyun, whose momentum changed immediately.

Until now, he had been a comfortable old man next door, but the moment he brought up the topic of land, he turned into an evil spirit.

“I can promise you that the amount will never be insufficient. And let me tell you one more thing: Isn’t this land where high-rise buildings cannot be built due to air force base issues?”

“So, if you hand over the land to Taewoo Group, are you confident that the air force base problem will be resolved?”

“The air force base problem can be solved with money. If Taewoo Group supports part of the funds for relocating the air force base, we can obtain permission.”

“Tsk, tsk, I don’t know why you want to spend money on something so strict. Why should companies have to pay for the relocation of the air force base?”

It was different because he was the founder of a large company.

I tried to do things in a way that would give me the best benefit.

I was the one who thought it was easiest to solve the problem with money, but Chairman Jin Ho-gyun was a person who preferred the solution that cost the least money.

“If I can buy time with money, I’m willing to invest any amount of money.”

“Young people waste their time more than old people. Eating in a hurry makes you lose weight. There comes a time for everything. No matter how much money you spend, you may not get a permit, but if you time it right, you can easily get a permit without spending a lot of money. “You can pay it.”

“I guess you don’t like the conditions I presented.”

“It is welcome to have the Anor family brand in our duty-free shop, but that does not mean we have to pass over the yolk land.”

“I understand that the value of the land owned by Charlotte Group is approximately 1 trillion won. We will raise it by 50% and give it 1.5 trillion won.”

“But that’s not possible. Is the effort we put in to protect this land only worth 500 billion won?”

It seemed difficult to solve the problem with money.

He could have asked for a larger amount, but it seemed unlikely that Chairman Jin Ho-gyun would change his mind.

In that case, he had to offer something other than money to change Chairman Jin’s mind.

So now, it was time to bring out the real weapons.

“Taewoo Group holds a 5% stake in Charlotte Group in Korea and a 5% stake in Japan.”

“Are you willing to hand it over? Increasing the stake is a good thing, but it’s not worth handing over the yolk land.”

The value of shares varies depending on the situation.

In a situation like now where Chairman Jin holds a tight stake that can secure management rights, the 5% stake was worthless.

However, if a management dispute were to arise, the outcome could have been different depending on the 5% stake.

“Don’t you know very well what happened to Hyunjae Group, which was number one in the business world?”

“It became a mess due to a dispute over management rights. Are you going to curse that Charlotte Group will be like that too?”

“I’m not saying it’s a curse or a prophecy, but I’m just telling you what will happen of course. If Chairman Jin steps down from the front line, won’t the eldest son and second son take over management rights and cause a conflict?”

“Uh huh! Tsk tsk, there are things to say and things not to say. Chairman Kim! How did you educate your grandson?”

“I didn’t say this to hurt anyone’s feelings. I apologize if you were offended, but I was just trying to say that I want to help Charlotte Group avoid a management dispute like the current group.”

The Prince’s Rebellion.

This was a situation experienced by most large corporations in Korea.

Samjin Group and Hyunjae Group have both gone through a dark history of management rights disputes, and there are not many days left for Charlotte Group to write the same history.

“Chairman Jang of Hyeonjae Group decided on a successor too late, which is why such a sad month has arisen. But I have already decided on a successor.”

“You haven’t made an official announcement. It is said that you have decided on a successor in your mind, but no one knows when or how things will change.”

“So who do you think is more suitable as successor?”

“I can’t argue with other groups about their successors, right? I can only help Chairman Jin ensure that the person he wants can stably become the head of the group.”

Clap clap!

My grandfather clapped his hands to brighten the mood.

Then, with his signature sly smile, he spoke to Chairman Jin.

“Let’s take a short break and then continue the story. The belly skin is trying to stick to the back skin.”

“Hmm, I feel like I have a stomachache after eating with you. I’ll arrange another meeting soon, so we can talk about the rest then.”

Chairman Jin got up from his seat with a dissatisfied expression.

I couldn’t put on a good expression after hearing the unpleasant news of a management rights dispute.

There was a lot of anger in the way he walked out of the restaurant, and the grandfather clicked his tongue and looked at him.

“Your nasty personality doesn’t change with age. And you also brought up the story of the management dispute too hastily.”

“But since you said you would like to meet again and talk, there is still a chance. And if the opportunity disappears, you can look for another land.”

“Are you saying that there is no other land in Seoul to build large-scale buildings?”

“There is one more site left. The site being used by KEPCO is larger than the site of Charlotte Group.”

The Gangnam office building used by KEPCO.

They were planning to move within a few years, and although KEPCO said they had no intention of selling the land now, they had no choice but to sell it as the deficit was growing.

“Are you planning on targeting there too?”

“If only one of the two sites succeeds, we can build a new headquarters.”

“If you chase two rabbits, you might miss them both.”

“I’m trying to figure out what to do if I kill two birds with one stone.”

Of course, we plan to target the Charlotte Group’s land first.

And if I get the chance, I should also look at the KEPCO site.