Son of a Conglomerate at the Highest Level

＜ How does this work? (1) ＞

Chairman Kim of Woo-Kwang looked at President Sim quietly.

“You are a fun friend. Did you expect everything?”

“Is there any case where a merger or acquisition between companies does not involve bill transactions? The important thing is the ratio and conditions.”

“That is the problem.”

Chairman Kim tapped the phrase on the paper with his fingertips.

“Taesung’s priority negotiation rights regarding the reacquisition of Taesung Chemical?”

Chairman Kim’s eyes flashed coldly.

“In addition, replace the share transfer according to the promissory note ratio? Is that according to the rules of the bond market? under!”

Chairman Kim crumpled the paper and threw it behind his back.

“I think this is an overly favorable condition for Taeseong. Do you think I will accept these conditions?”

“I will ask for confirmation. Is the bill issuer the holding company of Wookwang Group?”

“No, it is Wookwang Construction.”

Wookwang Construction President Kim opened his mouth in a fit of rage.

“older brother!”

“You said you would show it as a result?”

President Woo Kwang Construction seemed to be stabbed a lot.

Sim said.

“If Woo-gwang is determined and maliciously defaults on the promissory note, Tae-seong will not receive a single penny and only the company will be stolen.”

A bill is no different from a piece of toilet paper if it goes bankrupt.

The basic premise of a bill of exchange is the credit of the company, because the credit of a bankrupt company cannot be valued.

“Are you going to use Wookwang Construction as a discard?”

“To eat a 15 billion company on a daily basis, the first premise is that Wookwang Construction must go bankrupt. Wookwang Construction is also an affiliate of Wookwang.”

“However, Wookwang Construction set a fire in the process of forcibly demolishing a shantytown in Guro-dong, and bought the media to cover your eyes and ears, drawing the Blue House’s glare.”

It was because the president of Woo Kwang Construction couldn’t refute and only bit his lip.

“The government says that real estate regulations will be taken sooner or later, the subway line 2 project has also gone awry, and the Gangnam Seoul Express Bus Terminal project, which has been eyeing, has been missed. Even if we give up Wookwang Construction, if Taesung Chemical is saved, it would be a calculation.”

Chief Sim snorted.

“Woogwang Construction? Enter the M&A market today. Would you like 5 billion?”

Sim bites it tightly.

Then Chairman Kim picked up the crumpled paper.

“I’m going to go to the bathroom.”

bang!

Shim left the office without looking back.

* * *

President Shim ran straight to the secretary’s office where I was.

jump!

“young master!”

Mr. Sim said with a sigh.

“Woo-gwang is trying to eat Taesung Chemical raw! I can’t stand it any longer! I need to call the Taesung Group legal team and general affairs team. Let’s check each one!”

“I’m just angry. Turning it into a bill without collateral is even a commodity transaction, and even mergers and acquisitions with a bill is too greedy.”

“I see! I can never accept these conditions…!”

“So, let’s take this opportunity to demand that we also hold Wookwang Steel’s stake as collateral.”

Sim opened his mouth wide.

“Would that be? Woogwang has plans to advance into the defense industry as well as shipbuilding and transportation industries based on steel!”

“If we can’t release Wookwang Steel, we have to hold onto Wookwang Securities.”

“…!”

“There is no securities company in Taeseong yet. Look at the terms of the reacquisition negotiations. If Woo-Kwang fails to block the bill in time, what will happen to Woo-Kwang Securities, which was held as collateral?”

“…!”

Sim quickly unfolded the crumpled paper.

＜If the promissory note is not paid in full by the maturity date, it is substituted by transferring the shares in proportion to the promissory note＞

President Sim screamed involuntarily.

“If you can’t block the bill, will Taesung Chemical and even Wookwang Securities come over together? Is that possible?”

“That’s why you deliberately put more conditions on it.”

＜If you give up bill payment and request re-acquisition negotiations for Taesung Chemical, follow the rules of the bond market.＞

“You know well how collateral is handled in the private bond market, right?”

“······uh?”

“Abandoning payment of bills includes the bankruptcy of the bill issuer.”

“…!”

I don’t know anything else, but I risked my life to recover the money.

If Woo-gwang wants to eat it raw as a bill, this is fine if he eats it raw as well.

I blinked one eye.

“Don’t you think Taesung can take a step towards Wookwang Securities if he does well?

“oh my god! Bocchan-nim, how far are you looking out…!”

“If you find it difficult to deal with Woo-gwang, I will attach someone to help you. As promised.”

In this case, there are only two people who can provide support fire.

However, it was after Shim had already been filled with full power.

“no. I’ll try to solve it on my own. Because I’m not that incompetent!”

“Take care of your face. If you’re smiling like that, Woo-gwang won’t be suspicious.”

“Oops! Do not worry! I can do that level of acting!”

Sim smiled proudly.

“Then I will return with good news! I will definitely take it by bill!”

clap.

President Sim ran as if he were flying.

*

Returning to the president’s office, President Sim exclaimed in a solemn voice.

“great. A bill of 15 billion won, I will accept it.”

“good.”

“But I must add one more condition. In preparation for Wookwang Construction’s bankruptcy, we need to secure at least one more collateral.”

“guarantee?”

“Yes, I can’t believe that Wookwang Construction is insolvent. We need a guarantee from a more superior affiliate.”

“where?”

“Wookwang Steel or Wookwang Securities. Please yield one of them.”

President Sim picked up the paper that Chairman Kim had crumpled and discarded and unfolded it again.

“Even if the bill becomes a problem, you can fight it in the reacquisition negotiations. So this special contract is also included.”

“Shim Won-cheol.”

Thus, the scuffle between Woo-gwang and Tae-sung began.

The presidents of Wookwang affiliates stood up as a group and tried to enforce it somehow.

On the other hand, it was only the judge who protested Taeseong’s position.From noble mtl dot com

No matter how Taeseong shouted that he could not yield any more, Woogwang relentlessly pushed through.

– On a bill in full!

How long did the bloody war of words go on?

“You should know that Taeseong made concessions to the bill. So let’s finish it today. Now is the time to make a decision if you want to have Taesung Chemical with a lot of bonuses.”

Sim jumped up with a very tired face.

“I will empty the president’s office for a while. Woo-gwang, decide with a majority vote as Woo-gwang style.”

It was when President Sim was about to leave without looking back.

“Shim Won-cheol, would you like to come to Woo-gwang? I’ll let you take charge of Taesung Chemical.”

“No work.”

Sim slammed the door and left.

* * *

This time, President Shim ran to the secretary’s office.

Unlike before, her face was very tired, but the corners of her mouth hung all the way to her ears.

“Bocchan, we are almost done! Woo-gwang is running amok to eat it raw somehow.”

“You worked hard.”

“Looking at it, it looks like they’re offering Woo-Kwang Securities as collateral! I am very fortunate.”

Sim cleared his chest.

“I really want to decline if I hear that Wookwang Steel is to be released. There is a huge amount of deficit and equipment investment that needs to be put in there. It is not easy to escape once bitten.”

“I guess so.”

Run, run, run! clap. Ride on!

“Brother, this is not the time to play with the typewriter. Please leave your seat. I have to write a contract for the merger and acquisition of Taesung Chemical right now.”

Sim smiled.

“The chairman of Wookwang Group has made up his mind, but there is no contract, so if the acquisition negotiations fail, I think I will shed bloody tears.”

Ride on! Clap!

“Take this.”

“What is it?”

“The contract for the merger and acquisition of Taesung Chemical.”

“I beg your pardon?”

Sim opened his mouth wide.

“Three sheets?”

Chief Sim let out a laugh.

“I’m handing over 30 billion won to Taesung Chemical, but I only got a three-page contract…”

“The longer the contract is, the more work the legal team will do. Prepare a proper contract at the time of re-acquisition negotiations.”

I’m thinking of bringing Taesung Chemical soon.

What are you going to do with a lot of effort on a contract that will be used and discarded for a while?

I just had to take care of the important things.

“her······! What am I looking at?”

Sim rubbed his eyes with the back of his hand.

“In the midst of this, everything that needs to be entered is entered according to the format. Even the provisions of the law and the spelling are perfect. What the heck is this… Huh!”

I pretended not to know

The things I used on a fictitious day were private loan contracts and corporate mergers and acquisitions, so I can’t say it’s nothing.

There’s no way to explain what?

“You’ve already written down everything, even the special contract for collateral for Wookwang Securities.”

Sim was clenching his fists with a solemn expression.

“The short-term note is a whopping 15 billion. If done wrong, Woo-gwang could go bankrupt because of that bill. What if the bill transaction breaks down because of that?”

“Woo-gwang won’t take Juldo-san too seriously.”

If I had thought like that, the IMF would not have come.

Why did chaebol companies go bankrupt during the IMF?

I couldn’t stop the speech. While running the octopus foot business with other people’s money.

Like Woo-gwang now.

“Anyway, bills are debts, loans are debts, and debentures are debts. People value their own money but take other people’s money very easily, don’t they?”

That’s why he must be thinking like a thief like that even though he took over a net exhaust company called Taesung Chemical.

Bastards with no conscience!

“I think the risk is worth taking even if it is impossible to buy shares with cash. They will believe that the government will not allow large companies to go bankrupt.”

In fact, even the 8.3 debenture freeze that took place a few years ago is the same.

“Even though Woogwang was on the list of insolvent companies a few years ago, during the 8.3 debenture freeze, he was able to get rid of a lot of debentures and bills and become a good company, right?”

That must have been the corner that Woo-gwang believed.

“Great horse immortality! If Woo-gwang, who is ranked 9th in the business world, is passed over, the Korean economy will be shaken to its roots! Hopefully the government won’t let it go! short term notes? You would think that Woo-gwang’s sales would be easy to deal with, right?”

President Sim pressed his temple.

“Would you believe me if I told you that today, I feel like I am not only possessed by a ghost, I feel like an idiot, but now I feel like I am listening to a lecture by an economics expert?”

Either that or not.

Right.

‘Guardian, what are the Woogwang people doing? The majority vote is over?’

Chairman Kim of the self-righteous Woo Kwang decides by majority vote?

A passing dog would laugh at it.

* * *

Inside the office of Taesung Chemical, the presidents of Wookwang affiliates sat on the sofa in two rows and hardened their faces.

Chairman Kim looked back at the presidents of Woo-gwang’s affiliates.

“President Seo, what would be the benefit to Woo-gwang if he did as Shim Won-cheol suggested?”

“If you count the 10,000 million units of movables that Taeseong has not yet collected, plus the interest on bank and debentures that could be saved if the bills were used to finance the acquisition of the company…”

President Seo, who was bouncing the abacus hard, raised his head.

“It’s well worth the billionth gain.”

Chairman Kim looked back at the presidents of other affiliates with a satisfied smile.

“President Lee, what conditions did Shim Won-cheol add? How bad is Woo-gwang?”

“If we don’t pay back within the set period of time… it will be Woogwang, not Taesung, who will sell Taesung Chemical at a bargain price.”

“Hmm.”

“Most of the bills presented by Taesung were short-term bills.”

“Why does that matter? Aren’t most short-term bills used?”

In a nutshell, a bill of exchange can be said to be a credit contract between companies.

Transactions between companies often involve exchanging large amounts of money in a short period of time because the transaction amount is usually large.

Therefore, there were many cases of offsetting with short-term bills instead of paying cash for each transaction.

In the case of Woo-gwang and Tae-seong, there were especially many cases of bills going back and forth because they had formed a close business relationship.

“It is a problem because the amount is 15 billion. It can be a bit dangerous if something goes wrong.”

“No matter how bad cash flow Woo-gwang is, it’s not something he can’t stop.”

Chairman Kim snorted.

“Even if a problem arises, there is no way the Blue House will leave it alone. There will definitely be an intervention.”

Chairman Kim looked at the presidents of other affiliates.

“President Jang, is there any possibility of re-acquisition negotiations with Taesung?”

“How common is the opportunity to eat Taesung Chemical with just a few bills? If it is a re-acquisition negotiation, we must desperately reject it.”

Chairman Kim buried his back on the sofa with his hands clasped.

“This is not the painting Cha Tae-seong intended. Shim Won-cheol’s dogma is clear. So it is a rare opportunity.”

I smiled as I looked at the presidents of affiliates lined up in rows.

“Those who oppose the acquisition conditions of Taesung Chemical proposed by Shim Won-cheol raise their hands.”

If you oppose it, you will be out of the eyes of Chairman Kim.

Everyone just stared at them and burst out coughing.

“The collateral requested by Taesung will be Wookwang Securities. Raise the hands of those who oppose it.”

Chairman Kim drank the last sip of coffee.

The coffee that was bitter like a cow was exposed to the floor.

“Unanimous. Call Shim Won-cheol.”

It was time to stamp the contract.

* * *

‘wow!’

I was looking out the window of the secretary’s office and witnessed an unbelievable sight.

‘The Nether Road countdown and the orange arrow disappeared all at once!’

It was a blink of an eye.

Did it disappear at the same time as if the lights were turned off?

‘Is this going to happen? ······hmm?’

A silvery glow shimmering like a thin film over my body.

I’m seeing this for the first time

‘What is this?’

[Oh, I guess the Great King is trying to calculate the merits of saving people in real time.]

‘It’s a surprise!’

Don’t talk so close to my ear!

But what?

‘Real-time merit additional settlement?’

Wasn’t deferred payment the basic principle for settlement in the underworld?

＜ How does this work? (1) ＞ end