The Magician’s Memorial - Chapter 228



Only Krnovel

228. First shovel (2)

I really helped Charlotte Group advance into China.

He stayed in China for as many as four days and connected high-ranking government officials with the Charlotte Group.

Various regulations and licensing issues were resolved immediately, and David came to China to resolve the subsequent issues.

The result of such efforts.

I achieved such great results that Vice Chairman Jin Dong-oh hugged me and was happy.

“Vice President Kim! Thank you so much. We are now able to open Charlotte Department Store in China! Charlotte Department Store will be able to open its first branch in China starting next month! It’s all thanks to you, Vice President Kim!”

“I just kept my promise. I introduced you to all the contacts Taewo Group has, so you will be able to solve problems in the future without having to go through Taewo Group.”

My role ended here.

It was clear that nothing good would come of being involved any longer.

Although he helped Charlotte Group advance into China, all future results were the responsibility of Charlotte Group or Vice Chairman Jin Dong-oh.

“I’m so sorry that I only receive without giving anything.”

“Why don’t you give me something? Why don’t you give Taewoo Group an opportunity to acquire the Charlotte Group’s land?”

“We will solve that problem today. I will storm into the chairman’s office and threaten to sell the Charlotte Group land right away!”

“Then shall we go together now?”

I went straight from Incheon Airport to Charlotte Group headquarters.

Vice Chairman Jin Dong-oh told me to remove the ox horn as soon as possible, and now was the best time to put his stamp on the contract for the Charlotte Group site, as he was full of gratitude for me.

Vice Chairman Jin Dong-oh smiles throughout the move.

Even after opening the door to the chairman’s office and entering, he maintained a smile and reported to Chairman Jin Ho-gyun.

“Success! The first Charlotte Department Store can finally open in China!”

“Hehe, you’ve worked hard. But you know that this is just the beginning, right?”

“Starting with Charlotte Department Store, Charlotte Mart, and Charlotte Beverage, we plan to open all brands in China within 2-3 years!”

Is this Korea or Japan?

They were father and son who naturally conversed in Japanese.

As I was staring blankly, attention turned to me.

“Vice President Kim had a hard time.”

“No. I just did my best to keep my promise.”

“Father! Now it is our turn to keep our promise. How about selling the promised land of Charlotte Group to Taewoo Group right now?”

Vice Chairman Jin Dong-oh has never felt more secure than today.

This might be the first and last time, but he was playing the role of support to a great extent.

“Hmm, of course I will keep my promise to sell the Charlotte Group site. But even if I do sell it, shouldn’t I find out the exact market price before selling it?”

“You can mobilize all institutions that predict market prices. We will include that cost in the acquisition funds. And not only Korean institutions, but also Japanese or American market evaluation institutions can participate.”

“It doesn’t matter the price, so it sounds like they are asking you to hand over the land quickly.”

Was I too impatient?

But it had been like this for several months already, so it was difficult to hide my frustration.

“For my grandfather’s sake, I want to resolve the issue of the new building as soon as possible, so I am moving impatiently. I will purchase it at a 50% premium to the average price of the market evaluation agency.”

“These are not bad conditions. Vice Chairman Jin Dong-oh, please call an evaluation agency to determine the market price.”

“We will immediately call rating agencies in Korea, the United States, and Japan to determine the market price.”

Finally, step by step, things started to progress.

We also planned to put pressure on the US and Japanese rating agencies through David so that the market evaluation can proceed as soon as possible.

* * *

It took 15 days to evaluate the market price of the Charlotte Group site.

As soon as the evaluation was over, Chairman Jin Ho-gyun called me and showed me the market evaluation data.

It was almost the same valuation.

Evaluation agencies in Korea, the United States, and Japan competed with each other to produce accurate market evaluation data.

Perhaps because they are such famous institutions, the prices were assessed at almost the same price.

“If you calculate it as an average, it comes to 1.16 trillion won.”

“Huh, the land I bought for 80 billion won has now become worth well over 1 trillion won. Do you know how hard I worked to protect this land? You have no idea how much it hurts me to see that such land is being handed over to a strict person. ”

“Isn’t financial therapy the best way to deal with bitterness? We will purchase the land for 1.74 trillion won with a 50% premium.”

He said it kindly.

However, Charlotte Group’s land was worth more than 1 trillion won even after 10 years.

Even if 600 billion won was added as a premium, in the long run, it was a business where 400 billion won would be left over.

“Hmm, we already didn’t have enough funds to expand into China, but now we don’t have to worry about that.”

“Just sign the contract, and we’ll send you the full amount in cash today.”

“Why are you urging me like this? Even the loan sharks in Myeong-dong didn’t urge me like this. I understand. I understand. Let’s have the legal teams of each group meet and draw up a contract.”

“Thank you. I will call Taewoo Group’s legal team and planning office staff to Charlotte Group right away.”

I didn’t know when Chairman Jin Hyo-gyun would change his words.

It was Chairman Jin Ho-kyun who decided to entrust the expansion into China to Vice Chairman Jin Dong-gu, but then entrusted full authority over the expansion into China to his eldest son, Vice Chairman Jin Dong-oh.

I could suddenly come out tomorrow saying that I would not sell the land, so I had to get it stamped somehow.

“As soon as the contract is written, we will go through the notarization process and sell the land.”

“As soon as the contract is completed, Chairman Kim Tae-joong will come to Charlotte Group. Wouldn’t it be nice if the chairman himself came forward to sign such a large contract?”

There was little chance of my grandfather saying anything else unless he came forward himself.

Still, since he has been in the business world for a long time, he will keep his promise even if it hurts his pride.

“Do whatever you want. But how long are you going to stay here? I know that everything in the Taewo Group is run by your hands. Is it okay if you don’t return to the group?”

“What could be more important than the acquisition of Charlotte Group’s land? I plan to lead the charge directly from Charlotte Group until the contract is over.”

“You have a knack for making people uncomfortable. Do as you wish.”

I actually settled down at the Charlotte Group headquarters.

Soon after, the planning director came to Charlotte headquarters with the legal team.

“Please adapt it to the Charlotte Group as much as possible. You must create a contract as quickly as possible.”

“We will actively accept Charlotte Group’s demands as long as they do not conflict with the standard contract.”

Is it because I, the vice president, am on site myself?

Charlotte Group did not make excessive demands as expected.

It was also thanks to Vice Chairman Jin Dong-oh stopping by occasionally to tell me not to be too strict.

Vice Chairman Jin Dong-oh was a clear supporter in the acquisition of the Charlotte Group site.

Thanks to his help, the contract was completed the next morning, and I brought my grandfather to the Charlotte Group headquarters.

“Is Chairman Kim here? Hurry up and get your seal stamped and take your grandson with you. He’s going to say he’ll get a job at Charlotte Group after this.”

“We have to take him quickly.”

The contract was concluded with incredible speed.

Each group’s public relations team took pictures from various angles, and the two presidents left a photo of their smiling faces as evidence.

“I’m so sad. I have to give up the land that I have protected since the military regime.”

“Is it true that it has been maintained since the military regime? I have heard a rumor that the land was obtained thanks to the military regime.”

“This person! He said it’s different when he goes in and when he leaves the bathroom. He starts talking nonsense as soon as he signs the contract!”

“I tried to make a joke. Vice President Kim Min-jae! If we stay in other groups for too long, it’ll be a distraction, so let’s go back to the company.”

“Thanks for the great deal!”

“My stomach hurts, so let’s go quickly.”

Chairman Jin Ho-gyun was frowning as if his stomach really hurt.

What if my stomach hurts already?

If a high-rise building with Taewo Group’s name on it is built on the site of Charlotte Group, you will feel even more sick to your stomach.

* * *

Returned to Taewoo Group.

Although I was only at the Charlotte Group for a day, I felt very welcome by the unique scent of the Taewo Group.

“Why are you sniffing like a puppy?”

“I really like the scent of Taewoo Group. Don’t you feel a scent that you can’t smell from Charlotte Group?”

“Stop talking nonsense, what are you going to do now? You got the Charlotte Group site, but do you plan on continuing to target the KEPCO site?”

“Isn’t it obvious? The more cards you have, the better, right?”

“Who do I resemble to be so greedy? But I heard that the KEPCO site is going up for public bidding. Can you bring it over?”

My grandfather was also full of greed for the KEPCO site.

Rather, my grandfather was more greedy for the KEPCO site than I was.

“There are only a few companies that can afford to purchase the KEPCO site. At most, they would be Samjin Group and Hyundai Motor Group.”

“Why are you leaving out the Charlotte Group? Wouldn’t it be possible to target the KEPCO site with the proceeds from selling the Charlotte Group site?”

“We won’t be able to afford that. We’ll have to pour a huge amount of money into entering China.”

If I had been planning to buy the KEPCO site, I would not have sold the Charlotte Group site in the first place.

Moreover, the Charlotte Group was so full of dreams of entering China that it had no time to look elsewhere.

“So, you’re saying that we only need to worry about Samjin and Hyeonjae Motors. I heard that Samjin has no desire for a new headquarters. Have you heard anything?”

“It’s always like that. Isn’t it Samjin Group’s style to pretend not to be interested and then suddenly join in?”

“Hyunjae Automobile Group will not sit still.”

Before the return, the KEPCO headquarters site was taken over by Hyundai Motor Group.

However, what was different from then was that due to the rapid progress of Taewoo Motors, the current automobile’s financial liquidity was not as strong.

Since the relocation of KEPCO’s headquarters was brought forward, there were further problems in securing funds.

“If there are more competitors, isn’t the price bound to be higher?”

“You are saying the obvious.”

“So we have to pretend that we are not interested. We have to promote the acquisition of the Charlotte Group site on a large scale so that it feels like the new headquarters will be built on the Charlotte Group site.”

“What you are saying is to instill confidence in Samjin and Hyunjae Motor Group that we will not participate in this bidding.”

The richest group in Korea was Taewouri.

Although Samjin and Hyunjae Motors had considerable financial power to mobilize, they could not match Taewu Group in terms of cash holdings.

What if you are sure that Taewo Group does not participate in public bidding?

It was clear that Samjin and Hyeonjae Automobile Group would set their bids a bit low, and all they had to do was participate in the bidding before they made new plans.

“If you look at the current market price for the KEPCO site, it would be around 2 trillion won at best. Wouldn’t you be able to win the bidding if you spend twice as much, 4 trillion won?”

“Approximately 4 trillion won seems like sufficient financial power to mobilize Samjin and Hyunjae Motors.”

“Why not make it impossible to mobilize funds?”

There was a way to block the financial resources of Samjin and Hyeonjae Motors at the same time.

Of course, it was not an easy method, and it was also a method that could only be achieved by walking the tightrope properly between the two groups.