The Magician’s Memorial - Chapter 403



Only Krnovel

403. Jackpot (3)

next day.

I received a call from Vice Chairman Oh Yong-jae.

We met in the annex of a Korean restaurant run by Captain Kang.

“This is the famous annex. I understand that only people who are close to Chairman Kim can be guided to this place.”

“I don’t know why such a rumor is going around, but this restaurant has nothing to do with me.”

“Please do not ignore the information power of the Samjin Group too much. Although it is not as good as the Taewo Group, it possesses information power that is not bad.”

There was no doubt about Samjin Group’s information power.

It was Samjin Group that had established lines in various fields for a long time.

Considering only the domestic situation, it was a group with superior information power than the Taewo Group.

“I won’t deny it. How would you like to start eating?”

“No. My stomach hasn’t been feeling well since yesterday, so I can’t swallow properly. I think I can eat only after my conversation with Chairman Kim.”

Vice Chairman Oh Yong-jae was not much different from what I remembered.

A sad look, and an easy-going attitude that is not typical of a conglomerate leader.

Of course, he cannot be called the head since he has not officially gone through the succession process, but it was a given that he would take the position.

“Okay, let’s get straight to the point. Yesterday, I was asked by Chairman Oh Hee-gun to help with the succession process.”

“I also heard this from my father yesterday. He told me to proceed with the succession process with Chairman Kim’s help.”

“What are you going to do? I will follow Vice President Oh’s wishes. If you don’t want to, I am ready to step back at any time.”

Getting involved in the succession process of another company was a very cumbersome task.

As it sounds, it was a succession process, but it was simply a process of finding ways to save or evade taxes by reducing the inheritance tax even a little.

This was especially true in the case of large corporations with established successors, such as Samjin Group.

“I plan to follow my father’s will. In all my life, I have never seen my father praise someone like that. Moreover, this is the first time I have praised someone as young as Chairman Kim.”

“I’m just grateful that Chairman Oh views me favorably. I’m not sure if I can live up to his expectations.”

“Now tell me, what can I do?”

We have already received part of the shares of Taewo Group from Chairman Oh.

The transfer of shares was carried out quickly in less than a day, probably because the chief secretary made the move himself.

Since I received the advance payment, I have to work.

But you just blindly ask me to tell you the method without even mentioning a single card of your own.

Do you think I am some kind of fortune teller? In that case, I should act as a fortune teller.

“To resolve the succession issue, there is no other way than to secure shares through merger. Samjin C&T, which can be said to be the center of Samjin Group, and Vice Chairman Oh do not plan to proceed with a merger with an affiliate in which they hold a large stake. Did you go?”

“······Has the information leaked out? Or did your father tell you?”

“Taewoo Group has the world’s best merger and acquisition experts. Just by looking at how Samjin Group’s stocks move, it is not difficult to figure out how to succeed.”

It was Vice Chairman Oh Yong-jae with an expression of disbelief.

It was natural. Because it wasn’t a fact based on information.

This was information I found out based on my memories before regression, so it was a fact that no one but me knew.

“Please keep talking. So what do you want me to do?”

“It’s not a bad idea. You have to significantly increase the value of the company in a short period of time to save as much inheritance tax as possible. In the end, there is no other way than to become a bio affiliate.”

“Did you even expect that? My father didn’t tell me to trust Chairman Kim for nothing.”

If you get money, you have to get your money’s worth.

Of course, the final decision will be up to Vice Chairman Oh Yong-jae.

“Through that method, the succession process can be completed without difficulty.”

“I was thinking that too. This is a method that experts have been thinking about for months.”

“But there is one very minor problem. Of course, it has nothing to do with succession, so you can just skip it.”

So far, I have only talked about Samjin Group’s strategy.

He didn’t give any new advice or strategies, and from now on, everything he said was worth the money.

“What’s the problem?”

“It’s just a matter of Vice Chairman Oh having to go to jail for a while. It’s not a long time, but if he stays for about a year, I think all succession issues will be resolved.”

“Are you saying I have to go to jail?”

“It’s not a problem right now, but it’s bound to become a problem if the government changes. Especially since you decided to contribute 20 billion won to the Pyeongchang Olympic Host Foundation, right? Add to that problem, and you’ll be under tremendous attack.”

In fact, succession succession was not a big problem.

Since it was a method created by the collaboration of numerous legal and management experts belonging to the Samjin Group, there was little risk of legal problems.

However, just because there were no legal problems did not mean it was the end.

It was a method that could be seen as accounting fraud, so it was not a good method in public opinion.

And the bigger problem was support for the Olympic Host Foundation.

Since there was a succession issue at stake, it could be seen as a bribe.

It was Vice Chairman Oh Yong-jae who ended up in prison due to bribery and succession.

“If you donate an excessive amount in a situation where succession is at stake, it will be seen as a bribe. The problem of accounting fraud during the succession process can be overlooked, but there is no way to avoid the problem of bribery.”

“Doesn’t Taewoo Group also contribute 20 billion won like Samjin Group?”

“We have resolved the issue of succession. And we have decided to contribute 20 billion won in installments.”

“Even if you make split appearances, isn’t it still the same amount in the end? Does it make any difference?”

Of course, a lot changes.

If you contribute now with a lump sum, all 20 billion won will go out.

If the foundation issue arose two years later, Taewo Group would have contributed less than half the amount.

But I couldn’t explain this part.

No matter how excellent the Taewoo Group’s intelligence was, it was impossible to reach the point where the regime was shaken.

“It won’t change anything if you split the contribution, but if a problem arises before the end of the period, wouldn’t the contribution amount be reduced even a little?”

“Hmm, I’ll have to go back to the company and discuss whether the Samjin Group can also use the split contribution method.”

“Actually, there is a bigger problem. Applying to the foundation may be an extenuating circumstance, but personal support is unconditionally considered a bribe. Have you ever been asked for personal support by a foundation official?”

It was Vice Chairman Oh who nodded vigorously.

As expected, events were progressing according to the flow of history.

“You should never provide personal support. Even if it is a request from a powerful person in power, you must firmly refuse it. That way, there will be no problems even after a change in government. Alternatively, you can provide support in a way where the route is unknown.”

“Can you help me?”

“It’s not difficult to get that much help.”

Request from those in power.

No matter how Samjin Group was, it had no choice but to be swayed by those in power.

It is said that the president is a five-year customer to a large company, but since he is a customer who holds imperial power, he has to be taken care of for the next five years.

However, you should not treat them too well.

Because the next guest might be uncomfortable.

“And it is risky to increase net profit by adjusting Samjin Bio’s accounting books. We need to significantly increase sales in reality, not just in the accounting books, to avoid suspicion.”

“It’s a method that everyone knows, but isn’t it also a method that can’t be used? How is there a way to suddenly increase bio sales? Unless we develop a huge new drug, it’s impossible.”

Vice Chairman Oh Yong-jae held a large stake in Samjin Bio.

It was a pharmaceutical company that had a structure very similar to Centrian, including making similar drugs.

With my help, just as Centrian’s corporate value has increased dozens of times over the past few years, Samjin Bio could have done the same.

“There are ways to increase sales other than developing new drugs, the way Centrion did.”

“Are you talking about exclusive sales of insulin and new flu drugs in Asia? If that’s possible, I’m willing to invest as much as I can. But pharmaceutical companies don’t even blink at any amount of money.”

It was natural.

There was no way to easily hand over the cash cow to another company.

In the case of Centrian, I was able to sell it exclusively by investing a large amount of money at a very good time.

“They say it would be difficult for Centrion to sell insulin and swine flu treatments throughout Asia alone. They are also saying that they need a new partner. If you want, I can provide the bridge.”

“Are you saying you will help Samjin Bio produce insulin and new flu treatments?”

In fact, the best way was to develop new drugs.

If Centrion had jointly developed the new drug stolen from Robo Nordisk with Samjin Bio, Samjin Bio’s stock price could have risen at once.

But why would I do something good for others?

No matter how much he respects Chairman Oh Hee-gun and receives shares of Taewo Group in return.

I could never hand over a new drug, and the most I could give was insulin and a new flu treatment.

“Insulin and swine flu treatment would be much more effective than fiddling with accounting books.”

“The problem is time. Can’t Samjin Bio produce insulin and swine flu treatment right now?”

Heavy industry, electronics, automobiles, and even pharmaceuticals.

It was not possible to produce it right away simply because there was a blueprint.

I had to accumulate know-how, and to do that, I had to go through trial and error for quite a long time.

Therefore, it was not a good thing for Samjin Bio, which needed to increase sales right away.

“Let me suggest a very simple way. Buy Centrian Factory 1 from Samjin Group. And wouldn’t it be enough for the workforce to continue working at Factory 1 for two years and return after that?”

“Is that really possible?”

“It’s quite possible.”

It’s possible.

The moment when a new diet treatment drug is developed.

All of Centrian’s factories had to produce diet treatments.

In that case, insulin and swine flu treatment would be relegated to a lower priority, so it was possible to pass on some of the volume to Samjin Bio.

From Centrian’s point of view, it was a condition that was not bad at all.

Samjin Bio will have to pay a huge amount of royalties to Centrion.

“By the way, Chairman Kim, can you share the production rights for insulin and swine flu treatment with Samjin Bio at will?”

“If you wish, we can have Samjin Bio produce the two drugs within this week.”

There was no problem at all.

In the case of insulin, we have received approval for new drugs and full rights to produce insulin in Asia.

In Asia, we literally had the right to produce insulin at will.

“I think I now know why my father praised Chairman Kim so much.”

“But there is one thing you need to know. As for advice, I can give it to you without any compensation at Chairman Oh’s request, but sharing two types of medicine is different.”

In short, it meant compensation.

No one knew that Centrion was developing a new drug.

So, on the surface, it was like taking a big loss and sharing the production of the two drugs.

“We will provide land for Centrion to use as a new factory site. If Samjin Bio purchases Factory 1, wouldn’t Centrion also have to build a new factory?”

“It’s a little lacking. Can I ask for compensation later? Of course, I won’t make unreasonable demands.”

“If it is a request that is reasonable based on common sense, we will of course comply with it.”

There was something I would receive from Samjin Group later.

Therefore, I requested this proposal for the purpose of building a friendship with Vice Chairman Oh rather than for immediate benefit.