This Is How I Became a Chaebol

102 : longer more

“like. Then I will trust you.”

“Take a look, boss.”

I left the shipyard in Yeongdo, Busan and headed for Incheon. Because of this, I have no choice but to travel around the country in a week. Seoul, Pohang, Busan, Incheon and sometimes even Ulsan.

I must stop by the steel mill today.

You need to check how much you have completed the thin plate casting method. By using this method, the cost can be reduced by as much as 50% when manufacturing heavy plates for ships.

“Secretary Ki, is there anything I need to know today?”

“Yes, it is said that the Ulsan Petrochemical Complex will hold a completion ceremony for the Kevlar plant next week.”

“Oh yeah?”

The petrochemical complex is now starting to bear fruit one by one.

Kavla has been too short of production compared to demand, but now it’s a bit of a bit of a bit of a bit of a bit of a bit of a bit of a bit of a bit of a bit of a bit of a bit of a bit of

Since the Vietnam War is still far from over, it will be necessary to supply body armor and helmets to the US military first, and then turn the supplies to the US police little by little depending on the situation.

All the money I earned from Goldskin was going into operating expenses, but it was like a sweet rain.

Come to think of it, Manager Kim Bok-soon should also be formally appointed. Goldskin sales have been rising for over three months.

“It is said that the construction progress of the crude oil storage in Incheon Port is 90%, so you will have to see the completion ceremony soon, and the construction of Ulsan Port is progressing smoothly with a progress rate of 30%. There is nothing special about the rest, and we will report the details in a document.”

First of all, it is first to look at the 2 million barrel crude oil storage in Incheon to purchase the crude oil requested by Nancy. While entrusting the Union Oil Refinery to Hyunsan Construction, they also entrusted the crude oil storage facility supported by Nancy, and it seems that it is almost complete.

Secretary Ki gave briefings on the entire company whenever he had time, and documented major tasks so that he could understand them in the car.Read at readwn

Judging from the fact that the first chapter of the report was neatly organized into a list, Ilmeori was an exceptional person.

Secretary Ki is doing his best, but as the company grows and there are many things in progress, it will be realistically difficult to grasp the whole thing.

In addition, there is a shortage of people in overall management and fund management. The problem was that people were needed, but there were no suitable people.

As for the chief of staff, it seemed that it would have to be recruited from outside.

‘Ah, where do I pick someone?’

Gathering people with the golden bell also had to gradually change the way. It should be systematically changed to an annual election.

“Then, I would like to ask Incheon Steel today.”

“Yes, boss. Before you go, I have something to tell you. A guest came from Seoul.”

“Guest? Why didn’t you tell me in advance?”

It was strange. It was strange that he bothered to tell Secretary Ki that any guest who came to me could, of course, come to the office at the shipyard.

“He said he didn’t want to take up the busy boss’s time, and said he would wait until after work.”

“Who do you want?”

“I am a director of Joongdo Ilbo.”

“Joongdo Ilbo?”

what? At this time, if you are a director of Joongdo Ilbo, you are that man.

Not Do Byeong-cheol, but Do Kwon-hee waiting for me?

Did you receive Do Byeong-cheol’s instructions?

Whatever it is, there is something I want to tell you in secret.

Even if going to Incheon is delayed a bit, we should meet first.

“Let’s go there, Secretary Ki.”

“Yes, boss.”

Secretary Ki drove the car in a hurry, and eventually went into a quiet Korean restaurant.

***

“welcome. Woo boss. I am Do Kwon-hee, who is in charge of the Joongdo Ilbo.”

In the 1960s, directors or managing directors often took the place of the president.

Most of them were co-founders or family members.

“Nice to meet you. This is Woo Chan-soo.”

I’ve never seen it in real life since it’s a different field, but when I looked at it up close, it looked very solid.

If you just saw it on the street, it would have felt like seeing a strong wrestler.

“Sit down here.”

“thank you.”

He offered me the seat of honor and sat down towards the door.

The table was already neatly set, and when I sat down, the table was poured.

Brilliant.

Without any special toast, the glasses were bumped and their mouths wet. As I was staring at him indifferently, Do Kwon-hee opened his mouth first.

“Aren’t you curious about what happened to visit me?”

“Looks like you want to do some work. You would think that cars are premature, so are you thinking about electronics?”

“!!!!!”

Director Do Kwon-hee was startled.

This gentleman knows how to make a face like this.

Well, the US’s Comey is just like that, and it’s just setting up a semiconductor assembly company in Korea.

It’s a good opportunity to enter the electronics industry.

For me, the heavy industry is a better opportunity, and even if it is a similar electronics industry, it just needs a different approach, not home appliances.

“Amazing. The growth trend of the trend was not like this for nothing.”

“Oh, thank you for the compliment. Would you like to get to the point now?”

no

I haven’t started working on electronics yet, I guess I was just thinking about it.

It’s not that surprising.

“I would like to accept insurance for the introduction of Pohang Iron and Steel’s facilities. The rebate will be 10%, as is customary. However, the purpose of the rebate…”

“Please use it for the construction of employee housing and school construction, right? To help with the image on the Mercury side.”

“……”

there’s no way i wouldn’t know

Everyone in the heavy industry knows that Pohang Iron & Steel built a company house with insurance rebates.

“I need to hear the opinion of the promotion committee, but I don’t know why I should choose Suseong Life.”

“If you accept it, we will unconditionally reduce your insurance premium by 10% compared to other insurance companies.”

Hey, cut 10% off? Then there would be little left? It’s a pretty good condition.

“10%? Will it work? There will be no advantage to Mercury.”

“The biggest profit is that Suseong will serve CEO Woo as a customer.”

“……”

“Since the president seems to be focusing on the medium and heavy pole industry, I think there will be no fear of bumping into each other if Mercury goes into the finance and light and thin industries.”

I’m here to tell you.

It is an unwritten rule that the chaebol share the industry.

It means that by dividing the industry and investing, we will not blush each other.

“That’s something only president Do Byeong-cheol can say.”

“My father entrusted me with water life. I wonder if I can say something like this.”

Hey, you already took over Suseong Life?

Isn’t it like taking charge of the entire Mercury?

Originally, I don’t think this nobleman inherited Mercury so easily.

“Oh, congratulations. You have been recognized.”

“Yes, thank you. However, I need President Woo’s help to get recognition more clearly.”

“It is not an improper solicitation to insure Mercury Life. It’s 10% cheaper than anywhere else, so it’s a natural choice.”

“Yes. No wonder. It is a message of friendship, nothing more and nothing less.”

“So, can I help you? They have opposite interests.”

I still have to focus on heavy industry rather than electronics. When the circulation structure of money making money becomes more solid, you can think of the other side, but it is premature now.

“Please connect with Westinghouse, which is participating in Pohang Iron & Steel. I will definitely help President Woo at any time in the future.”

“Westinghouse?”

“Westinghouse’s electronics business group has original technology, but it is in a situation where it is being beaten by both GE and Tokyo Telecommunications Co., Ltd. in terms of product competitiveness. It’s a company that has room to squeeze into.”

“……”

Come to think of it, Westinghouse was also in the home appliance business at the time. It’s ruined later, though.

By the way, you watched Westinghouse’s home appliance business at this time and even did this kind of analysis?

“Please help.”

I guess that’s the second reason you waited for me.

It is said that in order to dislodge his older brothers and establish himself as the successor, he must cooperate with Westinghouse in technology.

Even before the saccharin smuggling case surfaced, he must have been thinking about the succession structure.

“At the power plant groundbreaking ceremony, I introduced Westinghouse President Wesley. Maybe we can assign some of our technical trainees to Mercury.”

“thank you.”

After that, the conversation continued to be lighthearted.

Do Kwon-hee mainly talked about TV dramas she was in charge of with Joong-do Ilbo, and it was fun to listen to.

I opened a machine that didn’t listen and said that a weasel had built a house inside it, a turtle came up during the Ulsan Port groundbreaking ceremony, so I thought it was Yongwang’s envoy and served makgeolli, and then I drank the whole kettle and went home. They answered with stories of heroism by our staff, such as saying that it tastes 100 times better than Korea.

Instead of talking to each other with small talk and drinking, I headed to Incheon and Do Kwon-hee to his home.

As always, secretary Ki drove me through the night.

***

Incheon Port,

The appearance of Incheon Port was different every time I visited.

Union Oil’s oil refinery went beyond taking shape, and some of the facilities seemed capable of even test-running.

“Hey, what are you doing with tugboat No. 2 over there! You have to push the caisson this way. You are crazy!!!”

“Yes, yes. president.”

“Crane operator over there, are you out of your mind? Then what if you bump into it? You have to step back.”

“sorry.”

Read at readwn

Just in time, Chairman Wang was screaming loudly as he berthed the caisson.

Since most of the quay walls had already been completed, it was a situation where only a tugboat was able to set them in place like Lego blocks and pour sand into the caisson.

Since President Wang, who is synonymous with speedy speedy, commanded the scene, the tension was extraordinary from early morning.

It was only natural that the construction period would be shortened as the tiger-like on-site supervisor and the heavy equipment supplied by the US 8th Army were doing their part.

“Chief Wang, you have been busy since morning.”

“Hey, boss Wu. welcome.”

“People at Union Oil will be surprised. They say they’re already building a refinery.”

“Haha, I need to finish this quickly and do other construction work. It’s money all over the place, but I don’t have time to pick it up.”

That’s right. This era is really the time when construction companies thought it was the best boom.

However, the construction boom from the Middle East in the mid-1970s is dozens of times stronger than now. Let’s do it together then too.

“How come you put out the fire in a hurry?”

“It’s all thanks to Mr. Wu. They brought me half of the heavy equipment, gave me a job here, and bought it at a fair price without hitting the ground, so I don’t have to worry about wealth anymore.”

As long as construction companies have enough operating funds, they can quickly survive because of the good circulation of funds.

Especially for oil refineries, US companies place orders, so construction costs are rarely skipped or delayed.

“It’s good for me to hear that things are going well. Anyway, I came to the news that the crude oil storage is almost finished.”

“Ah, it’s not almost finished, just a completion ceremony. Why don’t you cut off the completion tape while you’re here?”

“Hahaha, is it already finished?”

What a person.

In this era, if you have 2 million barrels of crude oil storage, you have to build a few storage facilities, but have you already done that?

“I filled it up with water and gas according to the specifications given by the boss, and thoroughly checked for leaks. Thermometers, liquid level gauges, emergency valves, fire extinguishers, and more will please you.”

President Wang showed confidence by beating his chest.

This gentleman’s confidence is world-class.

He was quite a different person from Director Do Kwon-hee of Suseong.

On the one hand, if one thinks over and over and handles the work in a strategic way, President Wang is the type who just heads right on the spot.

“Let’s go and see.”

“Come this way. Hey, call all the oil storage workers there! Boss Wu came directly.”

“Yes, boss.”

When I shouted somewhere, people rushed in from all directions.

After riding around in something like a military jeep, a huge cylindrical building appeared behind the oil refinery.

Chairman Wang took the lead in climbing the iron ladder that spirals up the massive iron building.

If you work in heavy industry, you will naturally overcome your fear of heights.

“As requested by President Woo, it is a double-structured tank with a floating roof installed under a fixed roof. It is a state-of-the-art storage that has a high sealing effect and prevents rainwater from entering.”

Without fear, he took me to the top of the roof and opened the lid in the center of the roof.

Really well built.

In particular, there was even a fire extinguishing facility that could be sprayed with water on the outside of the crude oil storage.

Sprinkling water on burning oil is a big deal, but if the tank next to it catches fire, the adjacent storage should be sprayed with water to cool it down to prevent the worst accident.

This should be enough for Nancy to buy and store crude oil as she wishes.

When this crude oil speculation is over and Union Oil’s oil refinery starts operating in earnest in the future, I can change Indonesian crude oil to Middle Eastern oil and store my share here.

We need to build a storage facility like this in Ulsan Port, but we can’t afford it.

If I can make some money from steel, I want to build a crude oil storage facility in Ulsan.

Even if you can’t do crude oil business in this third Middle East war, you have to have fun with crude oil during the first oil shock.

“At this point, it is complete. I will pay the balance.”

“thank you. After all, the trend is the hope of the industry.”

“Hopefully, haha.”

It’s not my money, it’s Nancy’s money, so I can pay it instantly like this.

As long as she pays off quickly, she has to collect every drop of crude oil.

“Hope is right. Sooner or later, the government will announce large-scale civil engineering projects in the second five-year economic development plan, and you should bid on them.”

“Um, I see.”

It is the 1967 presidential election. President Park, who hit consecutive home runs with the petrochemical complex and the Pohang Iron and Steel Complex, will win easily, so it is worthwhile for the government to announce an economic development plan.

Come to think of it, Hyeonsan Construction is going to build the Gyeongbu Expressway and the Soyanggang Dam, a historic project.

“When it comes to construction, isn’t it President Woo? Don’t have enough equipment as well as technology? As the EPB undergoes a drastic water change this time, it is said that it will also place orders for highways and large-scale dam construction. Please apply.”

“No, I have a lot of work to do, so I can’t afford it. If it’s civil engineering, aren’t you good at Hyeonsan or Dorim? I should pay more attention to the steel mill and the shipyard.”

My time is limited and my body is one.

Building highways or dams doesn’t always make money. Steel and Joseon will never have another chance if they miss this opportunity.

If the Suez Canal is not blocked, who would place an order for a large tanker with a capacity of over 200,000 tons from a rookie shipyard?

Before that, if you want to build a proper shipyard and build as many ships as possible, there is no room for highways and dams.

Originally, even Hyeonsan in history was like riding the last train of a shipyard, so the boom ended after selling a few oil tankers.

I’m longer! more! I will suck honey.

There can’t and shouldn’t be one chaebol in Korea, but the top spot is definitely mine.

Because I will go beyond first-class and become second-class.