Son of a Conglomerate at the Highest Level

＜ Taesung Group Executive Meeting (3) ＞

The eyes of the Taesung Group executives were directed towards the father.

It was a quiet whisper.

Father opened his mouth.

“I told the president about the possibility of a second oil shock.”

“An oil shock to His Excellency?”

“Does this mean another oil shock is about to happen?”

The entire meeting room, which had been silent, was buzzing.

“This is a ridiculous speculation!”

“How long after the oil crisis has passed, how could it happen again…”

“Will OPEC (Organization of Petroleum Exporting Countries) see that?”

Grandpa asked.

“I’m not the kind of kid who would say nonsense out of nowhere. Where did you catch it?”

“It was noisy all over the Middle East.”

“The Middle East has always been noisy. Yes and now.”

“It is dangerous enough that it would not be strange if a war in the Middle East or an Islamic revolution broke out again right away.”

The second eldest father smiled and rested his chin.

“Your Excellency believed that?”

“yes.”

“Has His Excellency listened to the personal opinion of a person who is only the executive director of a construction company? That’s kind of weird.”

At the words of the second uncle, Taeseong’s executives nodded in agreement.

“When something irrational happens, there is a reason to understand it. Seongjun, what is that?”

“When I won a construction order in the Middle East and proceeded with the construction, they asked me about the situation I had seen and heard.”

My father spoke of what he had experienced in the Middle East in a nutshell.

“There is so much money made from oil, but only the royal family and some powerful people were enjoying it. As a result, the rich and the poor reached their peak.”

If everyone doesn’t live well, you can live with it, but if only that person lives well, you don’t want to see him.

“It was on the verge of a riot. In particular, the situation in Iran is not serious.”

got it right

Dissatisfied forces in the Middle East triggered the Iranian Revolution and resulted in the second oil crisis.

“Iran is one of the major oil producers producing 6 million barrels a day!”

“Iran has benefited enormously from the last oil crisis. Per capita national income went from 570 dollars to 2,300 dollars in a few years. The enormous wealth was monopolized by the Pahlavi dynasty and a small group of high-ranking officials.”

The more the father speaks, the more the Taesung Group executives’ expressions harden.

“On one side, consumption power is overflowing, but rural areas have collapsed and small and medium-sized merchants are also bankrupt. Dissatisfaction with the monarchy is soaring due to the severe recession experienced as oil prices stabilized.”

Taesung Group executives looked at each other in surprise.

“If there are riots in Iran and the oil supply is cut off, the price of oil could skyrocket.”

“As there is an outstanding Islamic leader named Homeani in Iran, there is a high possibility that even neighboring countries will be involved.”

Grandpa asked.

“If riots break out in Iran or war breaks out again in the Middle East. What if there is another oil shock?”

“The damage will be much more serious than when the oil crisis occurred a few years ago.”

Taesung Group executives chose their words in a serious tone.

“There is not a single drop of oil produced in Korea. On the other hand, Taesung is focusing on oil-based heavy industry.”

“Right now, Taesung’s annual manufacturing growth rate is over 20%. Most of that comes from heavy industry.”

“A few years ago, the proportion of heavy industry in Taeseong Island was not as high as this, so I somehow managed to hold on by tightening my belt…”

“Right now, if oil prices skyrocket as much as then, it will not end with the sale of one or two subsidiaries.”

“When the oil runs dry, the money line runs dry. When the price of raw materials soars and the dollar dries up, the export route also dries up.”

“In the worst case, you may have to prepare for bankruptcy.”

The agitation intensified to the point that the complexion of Taesung Group executives changed.

“hahahahaha, it hasn’t even happened yet, so why do you take it so seriously?”

My uncle turned to the executives and said.

“Taesung has been closely watching the situation in the Middle East, where oil is imported, and the dynamics of major oil refineries.”

My uncle looked around the sunken conference room.

“If there was a hint of an oil shock, wouldn’t the major oil companies have stepped out first? However, it is showing no different movement than usual. It means that the possibility of an oil shock is low.”

“Is it just rain? So, does that mean that His Excellency handed out an invitation to the Blue House luncheon because he was swayed by a childish conspiracy theory with a low probability?”

The second uncle snorted.

“Isn’t it necessary to prepare for the dangers by preparing countermeasures? Only those who are well prepared for winter can survive the long and long cold.”

Bang bang bang!

Grandpa hit the podium.

“I didn’t mean to tell you guys to fight! Jung Hyuk just reminded us of the risks we need to consider when taking over!”

Executives of Taesung Group looked back at me in surprise.

“Jeonghyuk, what do you think? Do you think a second oil shock will happen?”

Grandpa’s intentions were so obvious that I burst into laughter.

“Why are you asking me that? You should ask an expert.”

“expert?”

“Everyone has a string, right? The Ministry of Foreign Affairs, the Middle East Embassy, the Blue House Secretariat and Planning Office, media companies that dispatched reporters to the Middle East, foreign broadcasting stations and Middle Eastern university professors, etc.”

i am only eight years old

Too young to claim the weight of my words.

Rather, borrowing the authority and opinion of an expert is easier, faster, and simpler.

“Come to think of it, I received information that the Blue House Planning Office is reviewing the possibility of an oil shock in various ways in cooperation with the University Economic Research Institute.”

“I have heard some conversations between Middle Eastern embassy staff and Foreign Ministry staff. They said that the Blue House sent an official letter to keep an eye on the Middle East.”

“There were also rumors that Hankuk University professors were called to the Blue House. They were professors of Economics, Arab, Politics, and Sociology?”

At some point, an atmosphere was formed among executives of the Taesung Group to carefully examine the possibility of an oil crisis.

“Certainly, if the situation is unusual, it is necessary to consider the second oil shock.”

“If the Blue House moves quickly enough, something might happen sooner or later, right?”

“It certainly seems like something worth considering.”

Grandpa sighed.

“Chairman, an oil crisis that may happen at any time should not affect the negotiations to acquire affiliates. There are good ways.”

“What is it?”

“Like Taesung Chemical, we will acquire it as quickly as possible.”

Grandpa grinned.

“Once you become an affiliate of Taesung, you can either split it up, grow it, or merge it, right?”

oh my! When the game is that bad, even if you try to sell it, you only get sh*t money!

If you buy at a low price and sell at a sh*t price, you lose money!

“Wouldn’t it be enough to just use firewood to survive the mid-winter cold?”

The second uncle smiled and narrowed his eyes.

“minus. You miscalculated again, brother.”

Bang bang bang!

Grandpa hit the podium.

The buzzing all at once stopped.

“Our Junghyeok’s right to speak hasn’t ended yet! Jung Hyuk, now there is only one last question left.”

Hey, the question I was originally about to ask was something else!

At this rate, I think I will hurry up and promote mergers and acquisitions like my uncle, so there is nothing I can do!

“Can’t we delay the takeover?”

“Delay the takeover? why?”

“If the stock you want to buy goes into a crash, it’s better to wait a little longer and buy it at a sh*t price than buying it now at a bargain price.”

There’s no reason why I’m doing this.

Because you can acquire more affiliates with the same money.

‘I have no intention of selling my household goods to feed my family when the oil crisis hits.’

Grandpa laughed.

“Jeonghyuk-ah, that’s not as easy as it sounds.”

“why?”

“Because if the prey is down, a herd of hyenas will come running. Taeseong has no intention of eating only the scraps of flesh left over from others.”

“It is strange. Isn’t that completely different from what President Shim said before?”

I partly tilted my head and pretended not to know.

“Even if my grandfather announced that he would hand over Taesung Chemical, he said it would take a year to negotiate the takeover. I didn’t know if it would be half a year or several years. is not it?”

“······uh?”

While the takeover negotiations were in progress, President Shim was thinking of stealing assets by selling Taesung Chemical’s products.

“The more time you take, the more advantageous it is, isn’t Taeseong?”

Tae-seong has money.

Taeseong also has the right to negotiate first.

On the other hand, Woo-gwang is at a disadvantage as time goes on.

Public opinion, financial situation, internal situation, and dealing with a herd of hyenas gathering to devour them.

“Isn’t it okay to pick up Woogwang’s real affiliates and wait for them to become worthwhile while adjusting the acquisition conditions?”

For a moment, silence fell in the meeting room.

Without a movement, without a sound, all eyes were looking at me.

I grinned.

“You said you didn’t know there would be an oil shock?”

Less than a year left until the oil crisis.

Even if Woo-gwang sinks, it is enough to withstand that much.

There is another reason.

“Isn’t it better to negotiate with his son rather than Chairman Kim?”

It is said that Chairman Kim of Woogwang stepped down from the general manager position, but it is clear that he will remain active behind the scenes.

It’s easier, faster, and simpler to peel and eat a youngling than to peel and eat a snail.

“If you are a young president who has just taken the position of general manager, you will have to prove your skills with visible results in a noisy situation inside and outside.”

Jump!

My father couldn’t stand it and got up from his seat.

“The meeting has already ended, and the tour seems to be over at this point, so we will go first.”

Grandpa said urgently.

“Wouldn’t Jeong-hyeok go and have a cup of Ssanghwa tea with his grandfather?”

“I want to eat with Dad.”

I jumped off the chair, handing over the data on the ranking of acquisitions of Wookwang affiliates to Secretary Kim.

My father strode along, took my hand and nodded.

“Jung Hyuk.”

“good bye.”

I put my hands together and bowed to my belly button.

I took my father’s hand and left the meeting room without looking back.

* * *

buzz buzz.

The meeting had long since ended, but Taesung Group executives hadn’t left their seats.

“It makes sense. In my opinion, Master Jeong Hyuk, you are a very clever person.”

“He intuitively pricked me to the core despite his age of eight. I was surprised to point out something I hadn’t looked at before.”

“The future of Taeseong is bright. ha ha ha!”

“Since your insight is that good, it would be nice if you could attend the next executive meeting. Shall we make a suggestion?”

Taesung Group executives were full of motivation.

“Then let’s start with the pros and cons of dragging out the takeover negotiations.”

“Along with preparing for oil shocks, we should consider taking over Wookwang’s affiliates.”

“It is also essential to establish short- and long-term investment strategies and examine them from various angles.”

“Thanks to one smart boy, I woke up. I have to work hard so that I don’t feel embarrassed to sit in the executive seat. Heh heh heh.”

Several people took out pens and took notes in notebooks.

In the past, the meeting started in earnest by flipping through the meeting materials.

The pace of exchange of opinions between executives and presidents of each affiliate became faster, and the more it did, the louder the murmur grew.

“What are you doing? The meeting is over! aren’t you going home? Are you going to spend the night here?”

Chairman Cha, who could not stand it, slammed the podium.

“Before the next affiliate presidents’ meeting, we will meet after sufficient discussion and review with the executives.”

“I will discuss this and take care of it myself.”

“I don’t know! over dissolved! Whether you discuss it or not, that’s your business!”

Grandpa came down from the podium and looked around.

“Sir, let me see you. ······huh?”

President Shim was already not showing up.

Secretary Kim, who was quietly admiring the meeting materials left by Jeong Hyuk, reported quietly.

“President Shim followed Master Jeong Hyuk.”

“Chief Shim? You said you followed Jung Hyuk, not Sung Joon?”

“I got a note from the young master.”

“Note?”

Chairman Cha clicked his tongue.

“This is unfortunate. I was going to ask President Shim for a favor.”

“Are you asking?”

“I mean Jung Hyuk.”

Chairman Cha smiled proudly.

“What is it, early management education? I wanted Sim to take care of that.”

＜ Taesung Group Executive Meeting (3) ＞ End