Breaking Up Is Better Than Divorce

favor and return

“You are like a teacher.”

Han Jeong-ah said with a slightly shy smile.

“ah! Was it? It was a bit rude.”

“no. I just wanted to tell you that I really learned a lot. No one has ever told me this before. My father and older brothers only tell me the basics, and the company executives… … .”

There is no such thing as a big executive who has gone so far as to scold the youngest daughter, who is loved by the president.

“Somehow, when I was at work, I thought of my juniors.”

“It would be really nice to be Eugene-san’s junior. I think there is only so much to learn just by being by your side.”

“I have nothing to teach you, but if you ever need anything, please tell me. I will help you as much as I can.”

“Really? Whenever there is a difficult situation in the future, I will ask Eugene.”

“Sure. It would be an honor to have the opportunity to give advice to the CEO of KF Entertainment.”

“Anyway, I am learning a lot today. Then, will you establish a cooperative relationship with KF Entertainment?”

Seeing that he quickly changed his attitude and behaved in a friendly manner, I could feel that he was not a chaebol who grew up immature as if he was a third-generation chaebol. It is true that he is still immature, but it does not mean that he is not without talent in management.

In fact, as Eugene knew, she was a fairly capable manager.

No, that will happen in the future.

The president of Cheil Group had four children in all. son, daughter, son, daughter.

Naturally, the first son is serving as the vice president of electronics, the largest affiliate of the group, and the second son is in charge of heavy industry, the second largest after electronics.

The youngest daughter, Han Jeong-ah of KF Entertainment, is in charge of the entertainment department, which is a non-core affiliate in the group.

And the eldest daughter is in charge of fashion and advertising, but like the youngest, Han Jeong-ah, she does not have a large role within the Cheil Group.

People think that after the current chairman resigns, the first will inherit electronics and finance, and the second will take over heavy industry and automobiles.

However, Cheil Group could not avoid the turmoil of management disputes.

As the current chairman loses his health much faster than expected, a dispute over management rights between the eldest son and the second son begins.

In the conflict, not only the two brothers, but also the two daughters who were pushed out of the presidency from the beginning, and the brothers and sisters of the current president, who were defeated and pushed out in the previous generation’s dispute over management rights, also took a small stake in the group, causing a mess. .

As a result, being the victor of the conflict is the first to be politically adept rather than a managerial one.

And this woman, who will be able to demonstrate her skill there, also reaps considerable benefits, and acquires the second largest share after the first.

In a sense, the youngest and the most marginalized in the group, she may be the real winner in that she has taken over the second most important financial affiliates after electronics and heavy industry, and has taken over entertainment and other major affiliates.

“If CEO Han Jung-ah agrees, there is no reason not to become a partner.”

“like. Then, I would like to leave the discussion to the practitioners and get to know each other a little more.”

Han Jeong-ah did not hide her intention to build a personal acquaintance with Eugene.

“Is that so? If you have time tonight, would you like to have dinner together?”

“There is plenty of time. It’s not anyone else, it’s Eugene’s invitation.”

“Are you familiar with Manhattan? Did you know that you studied abroad here?”

“It is, but it is a little strange now that I am coming here after a few years. Will Eugene escort you?”

“Sure. Then I’ll see you in the evening.”

“Then I should go to the hotel and rest for a while. I’m actually a little tired from arriving at the airport and coming here right away.”

That evening, Eugene escorted her and had a good time.

“Please see my father at any time. Because he really wants to see you.”

“I do that. Next time I go to Korea, I will definitely contact you and see you.”

Judging from the fact that he has said that several times rather than a simple greeting, it seems to be true that the Chairman of the Cheil Group is interested in Eugene.

“Somehow, I don’t want to go home. I want to learn more from Eugene.”

“I have nothing to teach you, but I will make time for you whenever you come.”

“Really? I guess I will have to come to New York more often.”

Han Jeong-ah said goodbye with a really sad look and left for Korea. Eugene had a premonition that somehow he would see her often.

A few days after KF Entertainment’s Han Jeong-ah passed away, another distinguished guest came to visit.

“You rarely come to Korea, so it’s hard to see your face.”

Dasan Electronics CEO Kim Su-ho said, burying the giant’s body on a comfortable sofa.

“Because I’m busy with work here.”

“I heard it too, I know. You’ve done great things in the past year. Now, whenever I see your name in an article, I’m prepared to be surprised. I’m curious as to how great things you’ve done. huh.”

“Didn’t Dasan Electronics do pretty well over the past year? Are you planning to expand your factory in China this time?”

“okay. That’s because the government keeps making such demands. In fact, it is a time when expansion is necessary. The Chinese market is getting bigger and bigger, so I can’t pretend not to know. But I’m also worried about continuing to cling to China.”

As Suho Kim frowned slightly, Eugene spoke up.

“Can I tell you one of my thoughts?”

“Something? I’m willing to listen to anything you say. To be honest, it’s only been a couple of times where we’ve benefited from you.”

“It would be better to put the Chinese factory on hold. Looking ahead.”

“Look ahead… … Can you explain a little more?”

“It is true that the size of the Chinese economy is growing and the influence of the Chinese government is growing. And the possibility of a conflict with the US is growing even more. Now, voices calling for China to contain the United States are getting stronger. No matter who the next president is, the U.S.-China conflict is sure to burn fiercely.”

President Kim Soo-ho nodded his head.

“I am definitely getting that feeling.”

“And it goes without saying that the beginning of such a conflict will begin with an economic one. The US will put a brake on China’s exports, most likely high-tech industries. You may remember the last semiconductor dispute between the United States and Japan.”

In the 1980s, Japanese semiconductors devoured markets around the world with their undervalued exchange rate as a weapon, and US semiconductor companies suffered a huge blow.

In the end, the US government withdrew its sword, and various pressures were put on the Japanese government along with a dumping lawsuit against Japanese semiconductors.

The US and Japan reached an agreement on semiconductors, and as a result, the Japanese semiconductor industry began to sink.

Korea’s semiconductor industry, which saw an opportunity under the influence of this incident, grew significantly, and it was not the United States, but Korea’s Jeil Electronics and Dasan Electronics, who benefited the most.

Of course, there is no way that Dasan Electronics CEO is unaware of this.

“Well… … Will things go that far?”

“No one can predict that. But there is no law that prevents that from happening again. The new US administration needs to show some strong action to win public support. There is no reason to plan a physical conflict like war at this point, perhaps a trade dispute.”

“So you’re saying there’s no need to cut in the middle and see the blood.”

“yes. If the Chinese government wants to invest, it can show that it is, but I would like to try to delay it as much as possible until the next administration is decided.”

Of course, it will be a few years after the US government puts a brake on Korean semiconductor companies’ investment in China, but it is certain that such a thing will happen anytime.

“Hmm… … That’s not right. I’ll have to give it some thought. Anyway, every time we meet, you give me a big present.”

The fact that Eugene has a number of personal connections in US political affairs is something that Dasan Electronics president also knows to some extent.

So his words were not taken as mere advice.

“As a gift, I just wanted to express a small concern.”

“no. Really, I’ve always been there for help. What am I supposed to do in return this time?”

The extravagant reciprocation meant not that Eugene’s words were really worth that much, but rather that he wanted to build a more lucrative relationship with him.

“Didn’t you give us a lot of help to our father’s company during that time? That is enough.”

Eugene knew his partner’s intentions, so he didn’t hesitate to inflate his little help.

“Oh yeah. So you decided to acquire Freescale this time?”

That is why Dasan Electronics president flew to New York.

“yes. Negotiations are coming to a close. Of course, we are not the one to take over.”

“I will. Wouldn’t it be nice if the ocean knew you were taking it over?”

If Eugene, who was not anyone else, was involved in the takeover, he would have been desperately fighting back.

Of course, it’s Blackstone who held the key to selling Freescale, but it would have created a problem in some way, and would have saved time if not completely impeding the acquisition.

“Now we are negotiating with the private equity fund Neuberger Bermann.”

“Isn’t that a pretty big private equity fund too?”

“It is a traditional private equity fund founded in the 30s.”

Eugene chose the most traditional company among the top private equity funds in the United States as a place to be the subject of the acquisition instead of herself.

It was because it was trying to make it difficult for the Daeyang Group to notice.

“Good job. How much did you decide to take over?”

“It looks like it will be 10 billion dollars.”

Now that the negotiations have come to a close, there is a possibility of getting it for about $1 billion cheaper than that, but there is no reason to say that.

“How is it? Are you interested?”

“Sure. If we bring the Freescale that Daeyang was trying to obtain, the old man’s blood pressure might rise and he might fall. ha ha ha!”

President Kim Su-ho smiled very ferociously to match his body size.

“I just need to know if it’s a worthwhile product. Is the aftermath of terrorism in Malaysia resolved now?”

“It will still require considerable investment to be completely resolved. At least four billion dollars. That’s why Blackstone wants to deal with it quickly. It seems like it would be better to throw it away as soon as possible than to invest another $4 billion again.”

“Hmm. Do you want four billion dollars?”

“It is our judgment.”

“Not bad for $14 billion.”

The original price that Daeyang was trying to acquire was $28.6 billion. Even if it takes time and effort, $14 billion is not bad, it’s a very good condition.

Moreover, it was an opportunity that Dasan was looking forward to as she was working in the automobile industry and the semiconductor industry at the same time.

“But we don’t have enough time yet. Whether we jointly invest with your company or we take over all of them, it will cost a lot of money, but I can’t afford it until next year. There are too many investment plans already in place.”

“Isn’t that something we can all agree on? First of all, I’d like to hear what you want.”

“The real rich are different. To be honest, it would be better for me to take over completely and increase synergy.”

“As I said then, I would like to provide convenience to the fertility side if possible. Simply bonds are fine, and BW is fine. CB isn’t bad either.”

“Thank you. It will put a lot of pressure on us.”

“The detailed conditions seem to have to be agreed upon.”

Of course, the price and interest also change according to each condition.

“Of course. You show a favor.”

Dasan Group is well aware that Eugene’s release of Freescale is not just a favor. It was to push the Daeyang group into a corner.

However, this does not mean that Dasan Electronics is the only option for Eugene. The first group also has electronics and automobiles.

It is well known that, depending on the view, the first side may be more dangerous to the ocean than fertility.

Although they continued their friendly conversation, the two were constantly calculating their respective gains and losses.

Negotiations that followed went well without any major obstacles.

This is because their goals coincided with each other to a large extent.

“Then, before the end of this year, we will announce that Dasan Electronics will take over Freescale completely.”

The acquisition of Freescale will have a very significant impact on Dasan Electronics as well as Dasan Motor shares.

And conversely, it will come as another disaster for the ocean group.