Breaking Up Is Better Than Divorce

encirclement

[This is the news that Daeyang Group is being boycotted in the United States. Kang Yu-jin, who is currently being referred to as the world’s number one refusal, is gaining public popularity in the United States, and an unfortunate incident between the Daeyang Group and Kang Yu-jin is also being highlighted. He said he started exercising.]

Although not covered by the over-the-air news, several cable news channels re-emphasized the relationship between Eugene and the Daeyang Group.

“The share price of the Daeyang Group is showing a significant decline.”

Kim Cheol-ho, the third son of Chairman Kim Seong-hoon, who moved from Dasan Motors Americas headquarters to a financial affiliate, reported to his father.

“Unlike last time in Korea, the boycott in the US seems to be affecting the stock price. I think this is because there is a possibility that it will be withdrawn from the US market.”

“How much did you fall?”

Dasan Group Chairman Kim Seong-hoon asked.

“The declines in Daeyang Motors and Daeyang Electronics are the most noticeable. Automobiles are down 15% and electronics are down 21%.”

“Our side is getting a reflex benefit. Even so, sales were increasing with Dieselgate, and although not as much as sales from Daeyang Motors are declining, it seems to be helping a lot.”

The first, Dasan Motors CEO said.

“In the former case, it seems that the first party benefits more than us. It’s a pity that consumer electronics are not mainstream on our side.”

Kim Soo-ho, the second son who was recently promoted to Dasan Electronics president, said:

“I can’t help it. In any case, the damage to the Daeyang Group will be huge, right?”

“At least 1 trillion won in damage is expected this year alone.”

Again, the third Kim Chul-ho spoke.

“The share price is likely to fall by up to 25% across the group.”

After taking over the finance department, Kim Cheol-ho, who became much more confident than before, said the results of his analysis one after another.

“But is it true that he really has that kind of money?”

In fact, that was the interest of Chairman Kim Seong-hoon.

“It almost fits. It was confirmed by Forbes through BlackRock, and it doesn’t seem like an exaggeration even if we look at it through other channels.”

“her! I just can’t believe it. How the hell did you do that in a year?”

Even for the chairman of Dasan Group, it is impossible to understand what Eugene has achieved.

“There is no other way to express this other than luck.”

“It’s lucky… … If so, then you can’t go against it.”

The president said jokingly.

“That’s it.”

The first nodded in agreement.

“I’m not building my own business, and I’m doing things that are close to gambling over and over again, so it’s like watching a child endlessly building up a sandcastle without a foundation.”

The second opinion was slightly different.

“Luck sometimes goes up and sometimes goes down. So, don’t try to go against the one who holds your fortune, and it’s probably a good idea to ask for momentum. If you’re lucky, it’s okay if you slide down.”

That was the extent of Eugene’s business seen by Korean entrepreneurs, where the investment finance industry had not yet developed properly.

In the UK, Japan, and the US, investment banking, such as investment banking and asset management companies, already dominate the industry, but Korea is a world of chaebols with real companies in their hands.

“You still have a bad relationship with that guy, don’t you?”

“yes. We are in constant contact. At least among domestic companies, we can say that we are the closest.”

“So, let’s do our best in the future. Until he falls down, there will be things that help each other.”

“Even so, I got a call a while ago. They want to do a promising business together in the near future.”

“I don’t know anything else, but looking at what I’ve done so far, it seems like you have an excellent eye, so if you come up with a specific proposal, think about it seriously.”

The Dasan Group chairman family was looking for a way of coexistence and coexistence with Eugene, although it was temporary.

“Has the last proposal from SS Partners been reviewed?”

The president of Myeongseong Electronics asked his younger brother, the president of Myeongseong Corporation.

“I am considering it positively. Because there is nothing bad about it.”

The two brothers, who lead the Myeongseong group, were having a long talk in a private room in a hotel affiliated with the company instead of at home.

Like any other group, the Myeongseong Group’s family members worked closely with the family to deal with major group events.

In particular, in the case of mergers and acquisitions that require hundreds of billions of won to trillions of won, it is essential to control the flow of funds between affiliates.

“Things are going to be fun. The guy who was just an employee until last year has now become a person worth 500 billion won. But did you say Su-geun cut it?”

The president of Myeongseong Electronics said with a smile.

“I got embarrassed. ha, really. Soo-geun, you did something stupid. If you leave it alone, I’ll figure it out.”

The president of Myeongseong Trading Company complained. It’s embarrassing because I can’t blame anyone for what my son did.

“Still, it doesn’t seem like you have any other anger. Seeing that he made such an offer.”

“What. How do you know it’s cheating? Still, he took a bunch of people he worked with, so there’s something sad about this place. If I ever have a chance to meet you, I will kill you with it.”

“It should be. It would be nice to stand up with him now.”

“Well, it’s us, but the ocean must be a headache. How come you have to pretend to be with someone like that?”

“right. big butt. Huh. thank god.”

The president of Myeongseong Electronics lets out a low laugh.

“It’s a million blessings. It would have been a big deal if there was still talk of getting married with the fourth son of the family. I can’t get into a fight for nothing, I can’t even wash my mouth.”

“So that’s it. I’m really I can’t even tell you how much trouble I suffered at home because of that. Why did you ask such an idiot to give you a daughter?”

“How could he have known that he was hiding like that? That’s a million good luck. I don’t want to have a single meeting.”

“Anyway, did you decide to do the Max takeover fight with SS?”

“Yes. Internally, we are making that decision. Conditions matter.”

It was said that it was being considered, but it was almost as if it had been decided to proceed if there were no major problems.

“Aren’t you short on money?”

“That’s really… … . If you want SS Partners, they will finance all of them. Instead, it is a condition of issuing BW (Bonds with Warranty Rights) or CB (Convertible Bonds). Five years would be good.”

“Isn’t it difficult? Later on, if they have too much of the boss’s stock in their hands.”

“It’s not that I don’t think so, but it doesn’t seem like a trap when you think about the money anyway. I am not a boss who will be shaken by 500 billion won.”

“It is. So what’s left on the SS side?”

“It looks like he really wants to fight the ocean.”

“Whoa! Still, I’m still a kid. Burning 500 billion won to harass the ocean?”

The president of Myeongseong Electronics laughed.

“I don’t know again. I am a very incomprehensible person.”

“That’s right. It’s the first time I’ve ever seen such a person in my life. afraid of the future You’re not making more money here than you are now, are you?”

“In our analysis, it’s 7 to 3. 7 goes well to $100 billion. 3 said he was going to get a big nose injury here at least once.”

“Yeah, the time has come.”

“I wish I could get it right once in a while.”

My brother’s face hardened slightly and said.

The two brothers, who moved their fame, were half respectful and half jealous, hoping for Eugene’s failure.

Instinctively, the two brothers feel an unknown fear of Eugene’s behavior.

They both felt like Eugene was a huge predator preying on a group of oceans.

The enormous financial power of $70 billion was so intimidating that even a conglomerate that could fit within the four fingers of this country could not slow its vigilance.

“SS Partners? it… … Is it from the person who said it was Kang Yu-jin?”

Oh Sang-soo, chairman of Seosung Financial Group, a leading financial group in Korea, received Eugene’s proposal through his younger brother, who is the president of Seosung Card, an affiliate.

“you’re right. It is a private equity fund established by Kang Yu-jin in Korea.”

“You mean SS Partners will join the consortium with Winton Group?”

“We say we will participate as much as we designate. It doesn’t matter how much money you need to acquire Samho Card.”

“Hmm, I need a Samho card, but… … .”

“This is an opportunity to firmly put the Seoseong card on the water table.”

“But when the SS intervenes, it doesn’t just end with a takeover fight. It doesn’t mean that we’re going to have a chuckle with the ocean.”

Chairman Oh Sang-soo seemed a little burdened.

“I don’t. Kang Yu-jin seems to be the picture he wants.”

“The ocean is in pretty bad shape right now, and it feels like we’re daggers. I know the old man’s personality very well, but once you get a grudge, the back end is very long.”

“But does that mean the ocean can do anything about our pacing?”

“A number of Daeyang affiliates are doing business with us. It would be difficult for a few companies like that to change their main bank at a time like this.”

“But it is too expensive to miss the Samho Card. You never know when the opportunity will come again.”

The younger brother thought that even if the relationship with Daeyang deteriorated, it was worth getting the Samho card.

“My head hurts. It’s not easy to make a decision.”

Chairman Oh Sang-soo’s worries deepened.

However, in the end, you will choose the path that will bring you the greatest benefit.

“Oh yeah. And if the cooperative relationship goes well, he said that the main banks of SS Partners and SS Ventures will be our Seosung Bank. Wouldn’t it be ridiculous to have a few affiliates of the Daeyang Group in terms of the size of your transaction?”

“Well… … The money that has come in so far is over 4 trillion won, right?”

“They said that the amount of borrowing was that much. So far, everything seems to have been received from foreign banks.”

“Okay, this… … Isn’t the bait too greedy?”

The moment of decision was approaching.

The encirclement to drive the Daeyang Group into a corner was taking shape one by one.

“The Daeyang Group has a total of 87 affiliates. Affiliates can be broadly divided into eight sectors: automotive, electronics, heavy industry, construction, finance, distribution, energy, and trading.”

David, a new Korean-American employee, gave a briefing about the status of Daeyang Group, which Eugene requested.

“The main businesses currently in progress include the acquisition of Max Convenience Store, which is being promoted by Daeyang Retail, the Korean distribution business of Nineteen Donuts, an American fast food chain, the acquisition of Samho Card by Daeyang Card, and the acquisition of Tohoku NK Manufacturing Co. Acquisition of electric vehicle maker Maxwell Griffith is planned.”

David, a former private equity firm specializing in hostile mergers and acquisitions, is an expert in corporate analysis and scouts with significant salaries and bonuses.

Eugene was expecting him to play a very important role in the fight against the ocean.

“Maxwell Griffiths?”

This is the first car company I’ve ever heard of.

Electric vehicles will soon replace internal combustion engines as the leading means of transportation.

In fact, by now, most automakers will be interested in electric vehicles or hydrogen cars, and investing in R&D.

Therefore, it is not unusual for Daeyang to acquire an American electric vehicle maker.

However, Eugene, who knows a lot about electric car companies, asked with a confused expression when he said that Daeyang Motors would take over a company he did not know.

“It is an electric vehicle company founded in Salt Lake City by an engineer from Tesla, and was founded about two years ago. So far, we have received investments from a couple of venture capitals, and it seems that mass production is still a long way off.”

“How many companies are mass-producing electric vehicles now? So, are you sure the technology is there?”

“I haven’t figured it out yet. It’s a new company, and it’s not very well known because of the location.”

Salt Lake City was founded by Mormons and is still a semi-religious city, with more than half the population still Mormons.

As it is the capital of Utah, the industry has developed to a certain extent, but it is also questionable that an electric vehicle maker is located in such a place.

“What venture capital did you invest in?”

“It is a place called NT Somerset in California and TBD Venture in Philadelphia. Neither of these places stand out as venture capital. To be honest, I’ve been working here for almost 6 years, and this is the first I’ve heard of both.”

“Can I go into more detail? First of all, make it a priority. If we need manpower, we ask for it.”

“I will. I need to go to Salt Lake City.”

David made an appointment right away. There was no hesitation in his actions, probably because he had Korean blood.

Eugene thought that David would be good enough for a career in a Korean conglomerate. In fact, it wasn’t that different from the respected boss man he’d always seen when he went to work.