The Magician’s Memorial - Chapter 93



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Episode 93. WIN-WIN (1)

Exactly one week.

It was a time when 3 trillion won in funds were collected in the Patriotic Fund launched by Taewoo Securities.

The salary of an office worker, the severance pay of a father who retired at a middle age, and even the small money of a mother were all poured into the patriotic fund.

Even I didn’t expect such an explosive reaction.

It was expected that it would take at least a month to raise more than 3 trillion won, but the goal was achieved in just one week.

President Park Man-deok was also surprised.

He was still distracted by the number of fund subscribers pouring in.

“The people of our country are very patriotic, right? “In just one week, 3 trillion won was collected.”

“There is some marketing that stimulates patriotism, but I think more people came together thanks to the principal guarantee.”

That’s what I thought too.

In the case of the Buy Korea Fund, I knew that it took two months to raise 5 trillion won.

However, because we guaranteed the principal, we were able to secure 3 trillion won in funds in just one week.

“Then we can sell the credit card company as promised, right?”

“Please just promise again that you can take over the credit card company again within four years.”

“I promise. We will acquire a larger credit card company and bring it to Taewoo Securities. In the meantime, please focus on the fund. “Because I don’t want to use my own money.”

There was a high possibility that I would not use my own money.

Within one year, the KOSPI index will rise more than four times.

Now was the time when even novice investors could not suffer losses.

If you buy any stock, at least the principal is guaranteed, and if you buy a good stock, you can make more than 10 times the profit.

And there was one more reason.

SAVE Investment Company’s funds were also currently buying Korean stocks.

In the current situation, there is no market as profitable as Korea.

This was the reason for buying stocks of American IT companies and pouring most of the remaining funds into Korea.

“ah! And market it more aggressively before other securities companies launch similar funds.”

“I also realized something big this time. “We will continue to produce advertisements that emphasize patriotism.”

“The Korean stock market is now at its lowest point. Please take this opportunity to clearly demonstrate Taewoo Securities’ capabilities. “I want to see the boss for a long time.”

“I will do my best!”

It meant holding my line tight.

It also meant that if I wanted to remain in the position of CEO of Taewoo Securities even after I became chairman, I should generate high returns through patriotic funds.

* * *

Moved from Taewoo Securities to Taewoo Electronics.

It was to report to President Woo Seong-il about the work he had done, and he was fully prepared and waiting for me.

“I will report to you. Negotiations with the Copyright Association were concluded successfully. And music programs from three broadcasting companies are scheduled to air starting this week, and the rankings of all programs include music scores.”

“The timing is perfect as the IT department has launched a music site. Thank you for your hard work.”

President Woo Seong-il bowed his head deeply.

The angle at which he lowered his head resembled a kind of opinion poll.

Depending on the angle of my head, I could tell what my position was in the group, and looking at my current angle, I think my position was quite good.

“We will make all preparations perfectly before the iPod is released.”

“The iPod is only sold through Taewoo Electronics, so we have to make sure we do the work in advance.”

The relationship between Apple and Taewo Group was more than just partners.

Naturally, Taewoo Electronics held the exclusive sales rights for the iPod in the Korean market.

Because it was gaining sensational popularity in the United States, many companies took notice, but the exclusive sales rights were provided only to Taewoo Electronics, leaving no room for intervention.

“And InnoPhone 2 will also be released next month. Since it is sold only at Taewoo Electronics stores, it will also help increase sales of other home appliances.”

“Customers looking for iPods are already visiting home appliance stores.”

“You know you have to row when the water comes in, right? “The boss should take the lead and start other marketing activities.”

“We will do our best to produce results.”

At the end of President Woo Seong-il’s report.

A message arrived on my phone.

The moment I confirmed the sender’s name, I smiled in remorse.

[Sender: Youngseo Kim]

* * *

a few days ago.

Mrs. Kim Young-seo, the housewife of CL Group, was lying in bed with a white cloth wrapped around her head.

Seeing that, CL Group Chairman Koh Seung-taek sighed.

“Do you really have to do this? Why are you suddenly so obsessed with the department store business?”

“You know very well, I really think of Gyeongmo like my own son. I have no intention of opposing you handing over the group to Gyeongmo. But don’t you feel so sorry for our daughter? “Please think about my daughter, who was born as the eldest daughter and cannot inherit anything.”

Chairman Ko Seung-taek’s sighs grew louder.

Doesn’t that mean your daughter won’t be touched?

Adopting a nephew to inherit the group was closer to the family’s will than his own.

It was an inevitable choice because CL Group was deeply rooted in historical family traditions.

“I understand your desire to start a department store for Yeonjin. But there is no reason why I must hand over the department store to Yeonjin. “Why not entrust it to a foundation or gallery?”

“Why do you think that? “Do you really think that Yeonjin and I are not capable of running a department store?”

“That’s not it! “The current situation of the group is not good for starting a department store from scratch.”

“When did I say let’s start from scratch? Everyone already knows that Taewoo Group intends to sell the department store. There’s no way you wouldn’t know that.”

Taewoo Group intentionally spread rumors that it was selling the department store.

It was bait given to CL Group, and Mrs. Kim Young-seo took the bait right away.

“Will Taewoo Group just hand over the department store?”

“Are you just saying no without even starting negotiations? Is it really that difficult to at least talk about it?”

“Hmm, then you should talk about it yourself.”

“Are you sure? They said it was a fortune. “You can’t say anything else.”

“Tsk, tsk, if you talk to me, you will realize how scary Taewo Group is.”

Chairman Ko Seung-taek clicked his tongue and left the bedroom.

Then, Mrs. Kim Young-seo untied the cloth tied around her head and called several places.

She had made many connections while running a gallery, and was mobilizing all of her connections to come up with a plan to take over Taewoo Department Store.

It took a few days for me to finally come up with a plan.

Only then did she call the Taew Group successor.

* * *

The garden inside CL Art Gallery.

There, Mrs. Kim Young-seo was waiting for me wearing an elegant hanbok.

“I didn’t know there was such a pretty park in the gallery. “I feel like I’m in an old castle in France.”

“Thank you for your kind words. I prepared the tea myself. First of all, relax your neck.”

It took a long time to get the introduction out.

After drinking a full cup of tea and talking about various works of art, Mrs. Kim Young-seo finally brought up the topic of Taewoo Department Store.

“Are you really thinking about selling Taewoo Department Store?”

“The government wants a big deal policy, so shouldn’t Taewo Group do something? “I’m thinking that Taewoo Department Store would be a good place to show off.”

“So, if you were to sign a big deal with CL Group, what would you hope for? “On the condition of exchanging it with Taewoo Department Store.”

Mrs. Kim Young-seo, who was always full of dignity.

But now, Mrs. Kim Young-seo reminded me of my grandfather.

The face of greed that appears every time a company is acquired.

I immediately realized how much Mrs. Kim Young-seo wanted Taewoo Department Store.

“If you are doing a big deal with CL Group, you have to draw a bigger picture. “Wouldn’t the government then accept it?”

“Of course it’s a mutually beneficial condition, right?”

“We can hand over Taewoo Department Store and Taewoo Card as a set to CL Group. If these conditions are met, wouldn’t it be a WIN-WIN?”

“You mean Taewoo Card? … … So what do we have to offer? “If you know that, you can know whether it’s a WIN-WIN or not.”

Greed became stronger in Ms. Kim Young-seo’s eyes.

Because Taew Card was not a company comparable to Taewu Department Store.

“I think CL Electronics’ battery division and CL Communications would be appropriate. To be honest, my grandfather doesn’t think it’s right, but shouldn’t it be on this scale to satisfy the government?”

“This is the person who asked for the battery division and CL communications.”

“How is it? Doesn’t it seem like a WIN-WIN?”

“That’s how I see it. But was Director Kim Min-jae in a position to even make the decision to sell Taewo Card?”

It was natural for Mrs. Kim Young-seo to be suspicious.

Because I was a young man in my mid-20s at most.

“It was my decision to sell Taewoo Shipbuilding to Hyunjae Group. Taewoo Energy, a joint venture with Aramco, was also a business I led. “Compared to that, this big deal is honestly very small in scale.”

“It looks like Chairman Kim Tae-joong trusts and relies on his grandson a lot.”

“Anyway, will you just do it, Mrs. “I know that the person that Chairman Koh Seung-taek trusts and relies on the most is Mrs. Kim Young-seo.”

I boosted her self-esteem.

Only then will they be more confident and try to lead this big deal.

“I heard the story well. “I’ll give you good news soon.”

“You can proceed slowly. “Until I hear your answer, I will not pursue a big deal with Taewoo Department Store or any other credit card company.”

“But don’t you want to meet Yeonjin?”

“… … .”

I was speechless due to the sudden attack.

I never thought an attack like this would come.

“No matter how much I think about it, I don’t think there is anyone as good as Director Kim Min-jae as Yeonjin’s partner.”

“There is still a lot missing. And now that Yeonjin has entered university, she will want to have more experiences.”

“I’m not saying you should get married right away. “Can we at least interact with each other and build friendships?”

“… … “If I have time, I will.”

“That answer is enough. “Then I’ll see you again soon.”

I woke up in a cold sweat.

As expected, she is not easy because she is CL Group’s housewife.

* * *

I took my time for a few days and waited for Mrs. Kim Young-seo to contact me.

However, I received a call from a very unexpected person, and my grandfather came to see me after receiving the call.

“CL Group Chairman Koh Seung-taek contacted me saying he would like to see you. “If you want, I will come with you.”

“it’s okay. “If I go with my grandfather, won’t I look like a child?”

“Hehe, yes, it’s time for you to deal with the CEOs of large corporations.”

I was used to dealing with the chairman of a large company.

I’ve been at odds with my grandfather for several years, so of course I’m used to it.

“We will soon change the name of CL Communications to Taewoo Communications.”

“We should also consider changing the name of Taewoo Card to CL Card. No matter how much I think about it, it’s a waste.”

“Taewoo Securities has found a new cash cow, so stop caring about credit card companies. And we will get it back after four years.”

“I heard that the money raised through the fund was well over 3 trillion won. “I love Taewoo Securities CEO Park Man-deok so much that I wanted to die.”

The Patriotic Fund was not just intended to persuade President Park Man-deok.

It was also for my grandfather, who still had a lot of regrets about Taewo Card.

“The Taewoo Securities fund will be several times larger than it is now. So much so that I can’t even remember the credit card company. How can we change the condition to handing over the Taewoon Fund rather than the Taewu Card?”

“Yekki! Hey. Playing with her grandfather a lot. “Who do I look like like this?”

“Someone looks like my grandfather. And don’t you think you have to be this strong to deal with Chairman Koh Seung-taek?”

“Chairman Ko must be very upset. “I’ve made an appointment for you tonight, so don’t be late and go.”

My grandfather straightened my tie.

I felt like he was encouraging me not to be defeated by the head of CL Group.