The Magician’s Memorial - Chapter 59



Only Krnovel

Episode 59 black knight (1)

next day.

When I went to work at Taewoo Electronics, Vice President Woo Seong-il personally gave me a daily report.

“Innophone’s sales volume is still on the rise. Products from factories 3 and 4 are also being sold as soon as production is completed. And thanks to Innophone, Taewoo Electronics’ home appliance sales are also increasing.”

“It seems that Innophone has shed Taewoo Electronics’ old-fashioned image to some extent.”

Although the home appliances of Innophone and Taewoo Electronics were different, they were very different.

Unlike Innophone’s ahead-of-the-time design, Taewo Electronics’ home appliance was as crude as a military product.

However, many people came to Taewo Home Appliances store to buy Innophone.

There were also cases where people purchased other home appliances while they were there, which led to an increase in sales.

“The personnel who have been transferred are adapting well to the department. And contrary to expectations, work is quickly returning to normal, and there are even reports that project progress has accelerated.”

“The number of people has decreased, but the speed has actually increased.”

“It may be because the higher-ups have not yet been properly filled and the reporting process has been simplified.”

It was the vice president who spoke slightly hesitantly.

But this was something I didn’t expect.

Naturally, due to the sword dance, many high-ranking people were fired, and thanks to this, the reporting process was simplified.

“Continue to take steps to streamline your reporting process. And for tasks that are less important, let’s consider introducing an electronic approval system.”

“If it is an electronic payment system, does it mean that payment is received via email or something similar without seeing the person face to face?”

There were many people who thought the Internet was unfamiliar.

As an electronics company, we were able to learn quickly, but it still took a while for the electronic payment system to become widespread.

“You know very well that the Vice President started as an employee, right? “Doesn’t it take several hours to report on where to have a company dinner?”

“When I was an employee, sometimes it would take days, not hours.”

“If you devote that time to work, wouldn’t you make something more? For most reports, we use electronic approval.”

“I will instruct the IT team to create an electronic payment system.”

Korean corporate culture was not much different from the military.

Vertical and useless evil habits abounded.

How can innovative products come out in this atmosphere?

“From now on, make sure to end company dinners at the first meeting. And how long will you only drink alcohol when you have company dinners? “In the future, try creating a fun company dinner culture like a movie dinner party or a bowling dinner party.”

“As expected, your thoughts are unique, perhaps because you graduated from university in the United States. “I will give you instructions to do so starting from this meeting.”

Well, even the flattering vice president is probably thinking in his head that it will work in Korea, but he will make it happen.

“And post a recruitment notice for experienced employees.”

I tried to lower my debt ratio somehow.

When running a company, the biggest expense was labor costs.

Then, of course, labor costs had to be saved through large-scale restructuring.

However, since the company will not function properly if the number of employees is reduced unconditionally, the plan was to reduce unnecessary employees but recruit the minimum number of employees.

“How many people do you plan to recruit?”

“Everyone who is capable should receive it. “Well, I don’t know how many people I like.”

If we were going to recruit people, we had to bring only people with excellent work ability.

I planned to personally check the resumes of all applicants for experienced positions to verify all detailed information.

“We will issue a recruitment notice within this week. ah! And the mobile phone division is in trouble.”

“It’s natural to be in trouble because the director in charge of production has disappeared. Still, development is in its final stages, so it won’t be too difficult. If there is anything you find difficult, please bring it to me. “It’s a problem if a product is made in a strange direction for no reason.”

“I will tell you that.”

Taewoo Electronics will now run smoothly on its own.

We’ve eliminated the people who are just wasting food, and since the people who are good at their jobs are putting their heads together, something will come out of it.

And it was clear that if I just lightly touched the really important parts, the company would be much better than it is now.

So there was no time to worry more about Taewoo Electronics.

Nowadays, forced acquisition of Taewoo Group affiliates was more important than product development.

* * *

A few days later.

I waited for David in Captain Kang’s office.

David came into the office, reeking of alcohol, like someone who had been addicted to alcohol.

“They are really crazy people. Especially Bombju! “I don’t know how you drink that much.”

“That’s Korean culture. “Soup, rice, alcohol, everything is mixed together and drank.”

“If I drank like that for a few more days, I would have ended up in the hospital. “I’m glad we achieved results before then.”

“I guess there is good news.”

I handed David a glass of cool water.

He quickly poured water into his stomach and continued speaking.

“I think we can bring in Taewoo Group’s stocks held by six banks.”

“I guess there are conditions attached?”

“They say that no matter how executive-level you are, there is a risk of problems if you sell stocks without permission. They say that only if we do something beneficial to the bank can they hand over the stock to us.”

Banks were also businesses.

Of course, they were a group seeking profit, and only by allowing them to profit as they wanted could we obtain stocks.

“If there is any benefit to the bank, of course it is deposits. Please deposit some of the SAVE investment company’s funds in the bank. “If you put about 1 billion dollars in each bank, I won’t bow down and hand over the stocks.”

“If we can attract $1 billion, it will be enough for banks to spread their shoulders.”

“But set the deposit period to one year. And you must unconditionally deposit in dollars and receive in dollars.”

“If those conditions are met, I will definitely say OK. “I have already heard that Korean banks receive short-term loans from foreign countries and distribute them to Korean companies.”

Where will the bank get the money to give to companies?

Customer deposits were not enough, so they used to raise profits by borrowing funds from overseas and lending them to companies at a higher interest rate.

However, it is a deposit, not a short-term loan.

If you borrow money, you have to pay a huge amount of interest, but in the case of deposits, you only have to pay a small amount of interest.

Of course, it was something the bank welcomed with open arms.

“Approximately how many shares of Taewoo Heavy Industries does the bank own?”

“We believe it is less than 10%.”

“I would spend more money than Taewoo Heavy Industries’ market capitalization to purchase just 10% of Taewoo Heavy Industries’ stock.”

Of course, the money would be returned in full after one year.

Even so, the thought of spending trillions of money to acquire stocks made me laugh out loud.

“If I were to invest that money at the SAVE investment company, I would have made at least a 30% profit, but it’s a bit of a waste.”

“Even though it’s a waste, there’s nothing we can do. “So now the Korean bank roasting is over?”

“I just have to stamp the contract tomorrow and it’s done. “I don’t have to drink bomb liquor anymore.”

“Then, why don’t you go somewhere with me next week?”

“I can go anywhere with the CEO. How about this time? USA? china? russia?”

“I’m going to the Middle East.”

What Dimon said came to mind.

They say that with the help of Black Market, the acquisition of Heavy Industries will be easy.

So I made a plan to bring Saudi Arabia into the war as a black knight.

Of course, it is not easy to get Saudi Arabia on my side, but I already had a history of resolving the Saudi royal jewel case, so I maintained a good relationship with the Saudi royal family.

* * *

It’s been a long time since I visited Saudi Arabia.

I arrived in Saudi Arabia via several places to hide my whereabouts.

Of course, since I had to spend a long time on the plane, I felt refreshed even in the stuffy Middle Eastern air.

“It’s hot, but it’s much better than on an airplane. But have you really made an appointment with the Saudi royal family? Even famous American lobbyists have few direct connections to the Saudi royal family.”

“There is a relationship I made during my school days.”

We got off the plane and went to the immigration hall.

However, in front of the immigration counter, there was a person holding a large pet horse with my name written on it.

“Do you know someone?”

“It looks like the royal family sent it.”

I revealed my identity to the person holding the pet horse.

He accepted my luggage with ease, and so naturally I was able to pass immigration and exit the airport.

It didn’t end here.

In front of the airport, a large German limousine was waiting for us.

During the move, they were escorted by Saudi police and were able to move to the royal palace, ignoring all signals.

When I arrived at my destination, I was able to meet a friendly face.

As soon as I got out of the car, the child waved happily and called my name.

He was the future Crown Prince of Saudi Arabia and the son of the person who would become the King.

“brother! long time no see! Why has it been so long!”

“long time no see. “We still talked on the phone often, but it’s even nicer to see you like this.”

I was not negligent in managing my network.

Even when I was in college, I called Muhammad at least once a month.

You can continue your relationship with the Saudi royal family with just a phone call, so of course you should do it.

“I heard you became the president of Taewoo Electronics? So, I changed all the electronic devices inside the royal family to Taewoo Electronics products. And I bought a new cell phone, an Innophone made by my brother!”

“Why pay money to buy that? “I already brought some to give to you.”

I took out a new Innophone as a gift.

Additionally, a prototype slide phone that had not yet entered production was given to Muhammad as a gift.

“What is this cell phone? “This is my first time seeing a phone that looks like this.”

“It’s a new product coming out early next year. “It’s a product that hasn’t even been released yet, so you shouldn’t show it to others.”

“huh! I’ll just play with it. Let’s go inside quickly. “Father is waiting.”

Although Muhammad had grown a lot, he was still like a child.

I followed him to meet Salman, the future King of Saudi Arabia.

“It’s been a really long time. “I have become a full-fledged adult now.”

“I’m sorry for showing up unexpectedly.”

“Hehe, you are a guest of our royal family. No matter when you come to visit, you must be welcomed with hospitality. “Isn’t he the one who protected the royal jewels?”

Salman welcomed me warmly.

This was possible because he was neither the king nor the crown prince yet.

If I remember correctly, 10 years later, Salman will be inaugurated as Crown Prince when the current Crown Prince suddenly dies.

“I will visit you often from now on. And I prepared a small gift.”

“Hehe, thank you for coming all the way, but I even prepared a gift for you.”

In the future, there were many things that required the cooperation of the Saudi royal family.

But how can you come empty-handed? I have prepared a very precious gift to win Salman’s heart.

“This is the sword used by Peter the Great, who is considered the greatest king of Russia.”

Tsar Peter the Great of Russia.

It was a gift that could ignite a spark in Salman’s heart, who was hiding his desire to become king.