The Magician’s Memorial - Chapter 91



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Episode 91. Big Deal (4)

CL Group strictly adhered to the principle of eldest son succession.

However, the chairman’s eldest son died in an unexpected accident.

Just like my father, although there was a grandson named me in Taewoo Group.

There were no male children in the CL group, only the eldest daughter.

Therefore, he was trying to uphold the principle of primogeniture succession by adopting a nephew.

It wasn’t a bad decision.

I adopted someone with the same bloodline and superior intelligence.

But what about the eldest daughter?

Of course, Ko Yeon-jin, who was in front of me right now, was a very pure person.

She had no interest in management at all, and liked and followed her adopted brother.

But will that last forever? As time passed, her innocence was bound to be questioned as reality.

“Mr. Yeonjin, are you not interested in running the company at all?”

“It’s not like I’m not interested at all. Because my parents don’t like it. You know. “How strict is our family?”

“After chatting with him, he seems like a person capable of running a company well, but it’s a shame.”

“Me? “Isn’t running a company too complicated and difficult?”

It was Ko Yeon-jin, who exuded the freshness of a newcomer.

I realized that I couldn’t change her easily.

But my target wasn’t exactly her, it was her mother.

“Your mother must be having a hard time. “Originally, CL Group’s legitimate ancestor was Yeonjin, but that didn’t happen.”

“What do you mean by that all of a sudden? “I have absolutely no interest in CL Group management.”

“ah! I’m sorry if you felt offended. I guess I was thinking too empathetically. I think I would be angry if I were in Yeonjin’s position. “I am so narrow-minded.”

Ko Yeon-jin expressed her emotions by slightly twisting her lips.

Since I couldn’t get angry, it seemed like I was suppressing my emotions in that way.

Normally I would have stopped at this point, but I decided to go a little further.

“In the case of other large companies, department stores or entertainment businesses are passed on to daughters, but it is unfortunate that CL Group does not engage in such businesses.”

“Why do you keep saying that! “If you keep doing this, I will get up.”

“I’m really sorry. “I know I shouldn’t do that, but my consciousness keeps flowing in that direction.”

I provoked her several times.

In the end, the meal time could not last long and we ended up having a breakdown.

Ko Yeon-jin left the restaurant very angry, and her anger would be passed on to her mother.

* * *

next day.

When I went to work at the planning office, Woo Seong-il, CEO of Taewoo Electronics, had already arrived and was waiting for me.

“Director, I have something to tell you about music.”

“Why do you take the trouble to come here in person? “You’re a busy person, so reporting over the phone is enough.”

“no! “It’s a distance that can be traveled in an hour, so of course I have to come and report it in person.”

President Woo Seong-il still showed a low attitude toward me.

Rather, as time passed, he stooped more and more.

This may be because my position after moving to the planning office has become even higher than when I was the president of Taewoo Electronics.

“Aren’t you having a good time talking with the Copyright Society?”

“no. Thanks to the acquisition of a small and medium-sized music distribution company, there are no major problems with the copyright association. The problem is due to negotiations with the three public broadcasters.”

“What’s the problem with the broadcasting company? “Isn’t it enough to just put in some good advertisements?”

“Well, that. “I also found out this time that, in the aftermath of the IMF, all music programs on the three public broadcasters have ended.”

Has something like this ever happened?

During the foreign exchange crisis, I only watched the news all day and rarely watched entertainment programs.

That’s why I had no idea that the music show had ended.

In fact, it was not only companies that were having a difficult time due to the foreign exchange crisis, but also broadcasting companies.

Music broadcasting was an expensive program as it required a lot of investment in the stage.

“It actually worked out well.”

“What do you mean?”

“Now, let’s consider ways to support the music programs of the three public broadcasters.”

“Are you talking about all three places, not just one?”

“Wouldn’t that be enough to attract interest in MP3 music? And the ranking method can include music download rankings.”

In Korea, MP3 files were gradually gaining popularity by word of mouth.

However, like in the United States, they were downloading illegally through P2P sites, and there was no site where they could be downloaded legally, so they did not even feel guilty.

“Will the number of customers using music sites increase if music download rankings are included?”

“Fans will definitely use it. Aren’t fans the people who do anything for the singer they support? “In particular, people risk their lives on the rankings of music shows.”

President Woo Seong-il had an expression on his face that he did not understand.

I still didn’t know the concept of extreme fans.

“Do you know who won the grand prize in music last year?”

“I only know that the group singer received it.”

“These days, group singers are called idols. Idols won the grand prize in 4 out of 5 places where music awards were chosen. But what happened to the broadcasting stations that did not select idols as targets?”

“Did you at least have a group protest?”

“It went beyond the level of protest and showed group action that was close to a protest. Idol fans go beyond simply cheering and show support that borders on religion. And many entertainment companies are releasing idol albums.”

This was the beginning of the first generation of idols.

Soon, 2nd and 3rd generation idols will come out.

Music sites could only become popular if they first targeted their fans.

“Then, Taewoo Electronics will sponsor the three broadcasting companies.”

“It will cost quite a bit of money. “If you think of it as a promotional expense, it’s not a business where you’re losing that much, so go ahead.”

“We will do our best, but we may not have enough funds to support all three broadcasting companies.”

“Then I’ll give you a subsidy. Since the iPod will be released on time in Korea, we ask Apple to place advertisements before and after the music broadcast.”

“Are you serious! “If we can do that, it is possible.”

It was CEO Woo Seong-il who spoke with his eyes wide in surprise.

You might be surprised that you can get help from Apple so easily.

But from my perspective, it was really easy.

Because I was the majority shareholder of Apple. He was not just the majority shareholder, but the largest shareholder.

With SAVE Investment Company, Taewoo Electronics, and my personal shares, I was able to control the publicity of Korea at will.

* * *

A few days later.

I visited the art gallery operated by CL Group.

Although I had been living a life far from art, I could see at a glance that the value of the art owned by CL Group was considerable.

When I was looking at the gallery alone for a few minutes.

A large group of people was approaching me, and in the center of it, a middle-aged woman dressed beautifully in a hanbok was approaching me.

“What is someone who is supposed to be busy at Taewoo Group doing here?”

“It is truly an honor to meet you like this. “This is Minjae Kim.”

I greeted him politely.

The identity of the middle-aged woman is the CEO of an art gallery.

It was Mrs. Kim Young-seo, the wife of the chairman of CL Group and the housewife.

“You are a polite person. But I don’t know why you did that the other day.”

“I made a mistake with Yeonjin. Due to the foreign exchange crisis, all my mind was focused on corporate management, so I made such mistakes. “I apologize again.”

“Are you saying that this is a story about our Yeonjin, not as a woman but as an entrepreneur?”

I understand why they call her the housewife of CL Group.

Although the CL group had a strong Confucian family tradition, she did not hide her voice.

As Ms. Kim Young-seo grew up under a father who served as a minister, she lacked both knowledge and dignity.

“I have dreamed of becoming an entrepreneur since I was 20 years old. “I thought Yeonjin would feel the same way, so I blurted out the words too easily.”

“I heard that you joined Taewo Group when you were 23 years old. I also know that he was the youngest person to become president at a large company. But not everyone lives that way.”

“I was narrow-minded. Still, after talking with Yeonjin, I knew that he would be an excellent manager. “He seemed like a talented person who could lead a group rather than a small affiliate.”

What mother doesn’t like praising her child?

Mrs. Kim Young-seo smiled while slightly covering her mouth, and the harsh gaze she had been giving me softened somewhat.

“Thank you for looking kindly at Yeonjin. “Did you come all the way here to apologize?”

“I heard a rumor that CL Group’s art gallery has many famous works of art, so I came here on a whim.”

“What is it like to see it in person? “Was it as good as rumored?”

“Actually, I don’t know much about art because I don’t know much about it. Even to me, it looks very good. “If possible, I would like to bring the gallery manager to Taewoo Electronics as the head of the design department.”

“Are you saying you want to take me to Taewoo Electronics? “I didn’t know you were this good at telling jokes.”

It wasn’t something I just said.

During the conversation, I checked Ms. Kim Young-seo’s detailed information.

The work skills required for corporate management were quite outstanding.

It was clear that his skills were inadequate for running an art gallery, and his work skills were like nails that would one day break through the Confucian family tradition.

“It’s a shame that CL Group doesn’t have department stores or large supermarkets. “If we had managed department stores and large supermarkets with the same skill as we have in decorating art galleries, CL Group would have owned the best distribution company in Korea.”

“The praise is excessive. “Why don’t you do that to Yeonjin?”

“I’m not just saying this. “I really want to entrust Taewoo Group’s department store to you.”

“Hohoho, you are an interesting person. “Then I’ll see you next time.”

Mrs. Kim Yeon-seo smiled and turned back.

Nothing will matter now.

However, when you lie down to sleep, you will think of yourself running a department store and a large supermarket.

And I will think about why I said this and what my intention was.

Then, before you know it, you will find yourself rationalizing.

With the desire to pass on the department store and large supermarket to his eldest daughter, who is his blood relative.

* * *

That evening.

I headed straight home from the CL Group Art Gallery, and my grandfather was waiting for me at the front door.

“I heard you visited the gallery run by CL today, right? “Have you become interested in your wife?”

“I was interested. However, I became interested not in my wife but in CL Group’s affiliates.”

“What did you mean by that all of a sudden?”

“CL Group has been conducting the battery business for several years. “It is said that the development of secondary batteries for small home appliances such as mobile phones is in full swing.”

Grandfather grabbed the backbone.

I was sent to look after the line, and I guess my greed for business reminded me of my grandfather.

“Are the battery affiliates greedy? But CL Group will not give it up easily. Even the semiconductor company was taken over by the current group, so they probably don’t want to give it up anymore.”

“What if you make an offer first?”

“Does this mean you created a situation where CL Group would make an offer first?”

I smiled awkwardly.

My grandfather realized that the reason I left was not because of dating the opposite sex, but because of the acquisition of a company.