The Magician’s Memorial - Chapter 73



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Episode 73 Advance (2)

China’s one-child policy.

In China, where the fear of famine had not disappeared, a birth control policy was being adopted.

Of course, if you have a lot of money, there are many cases where you adopt multiple children even if you have to pay a fine.

In the case of high-ranking people, it was common to have hidden children who were not properly registered in the family register due to being conscious of the attention of those around them.

This was the case with Zeng Hongqin.

He had one son whom he could not give his last name to.

Through detailed information, we confirmed that the person guarding right next to him was his hidden son.

With this information in hand, I got to the point.

“Taewoo Motors wants to export finished cars to China through a joint venture with a Romanian company.”

“In Romania, since it is a communist country, there will be relatively few restrictions. “But it won’t be easy.”

“The distance between China and Romania is a whopping 6,000 km. “It is a business that involves enormous transportation costs, and I would like to ask an elderly person to take care of the transportation.”

“You want to ask me to help with transportation rather than passing regulations? “That’s unexpected.”

Ultimately, money was needed to pass regulations.

This meant that the money would be delivered on behalf of the finished vehicle through the transportation industry.

Zeng Hongqin also found out the hidden meaning of my words without difficulty.

“For stable trade between China and Romania, the help of seniors is essential.”

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

“However, I would like to appoint the president of the transportation company as someone who has a close relationship with the elderly. For example, how is the person next to you?”

“… … “What do you know and what are you talking about?”

“I don’t know anything. “I just thought of him as a favorite because he was next to me.”

I will entrust my hidden son with being the president of a transportation company.

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

I added another better condition there.

“I would like to ask the senior to manage all profits of the transportation company. And I would like to invest all the money needed to set up a transportation company.”

“Hehe, he is a very correct person. But if you’re a transportation company, do you think you can make a profit?”

“Profits will vary depending on how many finished cars are sold in China, but we will guarantee a minimum profit. “I will never let my reputation be tarnished.”

In short, it meant that they would take care of it.

It also meant that regardless of whether the transportation company was doing well or not, they would at least take care of it, so they wanted to loosen regulations.

It was Zeng Hongqin who clearly understood what I meant.

He turned his head and looked at his hidden son.

“How can you give it a try?”

“If you just leave it to me, I will do my best.”

A son who was not registered in the family register.

It was Zeng Hongqin’s sore finger.

To that sore finger, I offered him the position of CEO of a transportation company that made money just by sitting still.

“That guy wants to give it a try. “Can you give me a seat?”

“I would be honored if you would do so. And if you ever need me, just let me know. “In China, we’re a mess, but in Korea, we can use a lot of power.”

“Hehe, you have a very kind heart. I will remember you. The old man will be gone now. “Let’s continue talking about business with younger people.”

Zeng Hongqin left behind his son.

It was Zeng Hongqin’s consideration to form a guanxi relationship with his son, and it also meant that his son’s guanxi would be his guanxi.

“ruler! Let’s have a drink! “Today, I will show off the leadership I have learned while traveling around the world.”

This was David’s specialty.

He traveled around the world and captured the hearts of people in politics and business.

Capturing the heart of the secret son of a high-ranking Chinese official was no task.

* * *

After drinking, we returned to the hotel.

Thanks to David’s activities, it was not difficult to form a relationship with Zeng Hongqin’s son.

“He seemed like a person with many shortcomings. “He liked how he was treated, perhaps because he was a son who wasn’t even on the family register.”

“People like that will get over it even if you treat them just a little bit. But how did the boss know that Zeng Hongqin had a secret son?”

“Taewoo Group’s information power is also quite powerful.”

Taewoo Group’s information power is nothing.

This was information I found out thanks to my abilities.

“But how much do you plan to give to Zeng Hongqin? “If this isn’t a relationship that will end once, you will need to take care of it consistently.”

“If you’re going to use it, you have to write it clearly. “Please give me about 100 million dollars every year.”

“Isn’t this too much money to spend on someone who is only ranked 22nd?”

“He is 22nd in rank, but isn’t he the right hand man of 1st in rank? “If I write that much, wouldn’t they be interested in getting first place?”

“Are you willing to spend more money if the person at the top of the hierarchy is interested?”

“of course. “In the future, Taewo Group and SAVE Investment Company will spend money in China.”

China has now entered a growth period.

After about 20 years, foreign companies will be strongly rejected.

Until then, I had planned to skip as much as possible, and to do that, I had to use a certain amount of money as lobbying funds.

“Then, for the time being, I will remain in China and further strengthen Guanxi.”

“Please help David.”

“What’s the point of suffering? “The more connections you have, the better, right?”

David was someone who really enjoyed meeting people.

Because of him, I was able to return to Korea with peace of mind.

* * *

When I returned to Korea, I immediately called the planning director.

I gave him a rough explanation of what happened in China.

“Are you saying that you formed a relationship with the right-hand man of China’s number one ranking?”

“To be precise, we have entered into an alliance with his secret son, but we will be able to export finished cars produced at the Romanian factory to China.”

“I was once again surprised by the manager’s abilities. “I am really proud that Taewo Electronics created the InnoPhone and that Taewo Motors is now expanding into China.”

The head of the planning department was so moved that he showered praise on me.

Does it feel completely different from the disgusting flattery I heard from Vice President Woo Seong-il?

He was the head of the planning department who was genuinely happy, as if he was thrilled to see his child succeed.

“I will report directly to the Chairman.”

“Do you want to? Then, I will create reporting materials right away. Please wait a moment. “The planning office is already creating the materials, so it won’t take long.”

The planning office created perfect materials.

I took the materials and went up the stairs to the president’s office.

It was only possible to go to the chairman’s office via the stairs from the planning room, which is why my grandfather thought so much about the planning room.

“Is the head of planning here? It’s sometimes confusing because the rank changes every time. But you couldn’t have just come, so what happened?”

“I came here because I have something to tell you about the Rode Automobile factory in Romania.”

“You’re not saying we’re going to sell it again, are you?”

Grandpa’s pupils were trembling violently.

It seemed like he was really scared when I repeatedly suggested selling the company.

“no. “I am here to report to you because there is a way to increase exports by utilizing the Rodae Motors factory.”

“The Rohdae Motors factory was created as a bridgehead for targeting the European market. How are you going to use it?”

“Completed cars produced in Romania can be exported to China. “I will show you the relevant materials.”

I showed my grandfather the materials created in the planning office.

My grandfather gave additional explanations every time he turned a page of the report.

“This method is possible because Romania is a country from the communist bloc. “We have already received permission from the Chinese government.”

“Export is possible by using the profits of transportation companies as lobbying funds.”

“Taewoo Motors has currently entered China through semi-manufacturing, but its profitability is lower compared to when it exported finished cars.”

“That’s why I’m working hard to build a car factory in China.”

“We can use the Romanian factory as a bridgehead before building a car factory in China.”

“You’re brave. “Why didn’t the others think of this?”

It was an old man looking at me with warm eyes.

It seemed as if all the resentment from the past had disappeared like melting snow due to this incident.

“First, we will start exporting mainly small cars, and if the response is good, we will try to produce mid-sized cars as well.”

“Let’s do that. “I was already worried about where to sell the cars produced at the Rodae factory, but thanks to you, I have eased my worries.”

“It was a solution that was possible thanks to my grandfather having already expanded his business overseas.”

“Hehe, that’s very good. “But when you say that we should use the Rodae factory until we build a car factory in China, does that mean you also support building a factory in China?”

My grandfather asked a question with eyes full of anticipation.

But I feel sorry for my grandfather, but I was in the opposite position.

Of course, we should expand into China, but the moment we do so, we will accumulate a huge amount of debt.

All the efforts I had made so far to lower the debt ratio were ruined in an instant.

However, it was not completely opposite.

How to build a factory in China with minimal debt.

“It is difficult for Taewoo Motors to advance into China alone. The Chinese government also does not grant permits to finished car factories unless they are joint ventures with Chinese companies.”

“That’s why we are discussing with many Chinese companies.”

“I think it is highly likely that we will enter the Chinese market by forming a three-party joint venture by adding American companies in addition to Chinese companies.”

A three-party joint venture.

This was the plan I had in mind.

All you had to do was add the company that would share the debt into a joint venture.

“When you say joint venture, do you really mean GM? “Do you know that we had a huge fight in Poland?”

“I understand that there was a severe dispute during the acquisition of a Polish automobile company called FSO.”

My grandfather was really serious about taking over the company.

He competed and won over a Polish automobile company that GM had its eyes on.

“But is there still talk of forming a joint venture with GM?”

“GM is not the only automobile company in the United States.”

“Are you sure you want to form a joint venture with Ford?”

Taewoo Motors’ technological prowess was closely related to GM.

Because we built up our technological prowess by producing cars for GM, the moment we create a joint venture with Ford, our relationship with GM becomes irreversible.

I was hoping so.

During the foreign exchange crisis, Taewoo Motors urgently needed foreign currency.

They attempted to find a breakthrough by establishing a joint venture with GM.

And the establishment of the joint venture was almost completed, but GM suddenly changed its mind.

That’s how Taewoo Motors collapsed.

And GM acquired Taewoo Motors as if it had been waiting.

It could only be seen that the establishment of a joint venture was postponed in order to eat Taewoo Motors as a whole.

“I would like to form a joint venture with Ford and expand into China. “We produce models focusing on small cars, and Ford produces vehicles focusing on large cars, so establishing a joint venture will create great synergy.”

“Is that possible? “There is no contact whatsoever with Ford.”

Why is there no point of contact?

For today, I owned 20% of Ford.

It was for today that we handed over Japanese derivatives to Wall Street and received shares of Ford.