This Is How I Became a Chaebol

081 : As a special advisor

waggle.

There were a lot of people gathered in the office.

It is also true that the Petrochemical Complex Promotion Committee was a meeting body launched by a presidential decree, and what was decided here was nothing but a government policy.

Of course, all interests are decided here, so a large number of public officials, entrepreneurs, and Ulsan-based politicians attended.

“Now, since the Special Counselor was also present, let’s discuss the detailed agenda.”

“Everyone is busy, so why not just discuss the detailed technical agenda with the people involved? Let’s start by discussing land expropriation and factory layout.”

“As a special advisor, you handle your work hotly.”

Everyone’s faces turned bright when I talked about the land. Are you interested in technical issues?

“I will report you. Current land acquisition progress is about 9%. The purchased land is as follows.”

“Only 9%?”

A tired official held up a large map. Only a fraction of the land marked as completed on the map was purchased.

“For now, yes. At first, it was 5 won per pyeong, but now no one wants to sell it at 600 or 700 won per pyeong. Dozens of cemeteries have been created overnight, and it is deadly.”

Cemetry? At this time, it seems that the graveyard rewards were the most savory.

Anyway, I was eliminated from the petrochemical complex because the land price in Incheon was expensive at 400 won per pyeong, but it is absurd that Ulsan costs 600 won.

Information about the corporation is leaking.

The authors gathered here must be looking for land compensation by mobilizing their relatives and buying thousands of pyeong to tens of thousands of pyeong.

“Oh, there must be a lot of difficulties in promoting the business because the land price is too high. It’s all taxes…”

President Wang Ju-young sighed.

Come to think of it, Hyeonsan couldn’t have bought the land even if he wanted to. With a mountain of losses due to Thai highways, operating funds will also be insufficient.

“Chief Wang, buying land, building factories, and selling goods are all capitalism. That is an ability.”

“Your boss is right. We must focus on getting the complex up and running as quickly as possible.”

At Do’s words, applause came from all directions.

It was said that the price of land would be satisfied with taxes.

“Where did Mercury bid?”

“I want to build a ‘Daehan Fertilizer’ plant in District 8 on the map.”

In response to my question, the place Chairman Do Byung-cheol pointed out was a place with no land purchase sign at all.

It means that the land of District 8 was completely wiped out.

I feel good at the thought of getting land compensation.

“How big is the fertilizer plant? If you let us know, Daese Unemployment will design in consultation with Bechtel of the United States…”

“You don’t have to. We decided to do a 45 million dollar joint venture with Japan’s Mitsui Corporation. We want to produce a total of 330,000 tons of fertilizer.”

“330,000 tons of Mitsuisawa? I pulled out a joint venture with Vitro in the US on a scale of 100,000 tons.”

“According to the calculation of the Ministry of Commerce and Industry, 100,000 tons of fertilizer is sufficient. Domestic demand is 300,000 tons, and Chungju and Namhae fertilizers are already producing a total of 200,000 tons, so we only need to add 100,000 tons.”

Deputy Minister Yeom rummaged through the materials and suddenly came out.

“The production needs to be at least 300,000 tons to be profitable. It can be produced at a low price to meet domestic demand, and the surplus can be exported. Since Mitsui is in charge of design and construction, the efficiency of the factory will be the highest.”

Are you exporting the surplus? That sounds funny.

Since fertilizer is directly related to national food sovereignty, self-sufficiency is a principle for each country. Naturally, fertilizer importers are limited, making it difficult to export.

It is a typical trick of Japanese children.

They come in through dumping with abundant capital, kill domestic companies, and after that, if they become a monopoly, they raise prices tremendously.

Saying that the surplus will be exported is an excuse.

“From design to construction… Then, our Hyeonsan and Dorim constructions are supporting only on-site manpower. haha. It’s nice to have an easy job.”

“Did you hear that? Mitsui is the company that created the Oita Petrochemical Complex in Japan. To build state-of-the-art facilities, you need to use a proven construction company.”

Even if President Wang was sarcastic, Chairman Do did not care. He is a nobleman who believes that money has no nationality.

“Let’s go with Mitsui. I agree.”

“Hey, boss Wu.”

“Isn’t it an investment in both Japan and the United States? You can’t turn down jobs that make money in capitalism.”

“Haha, of course you should.”

The president’s laughter grew louder.

Feel good right now.

“Then I will tell you. The Kabla plant is a joint venture with DuPont, the PCV is a joint venture with Blonox, and the utility center including power plants is a joint venture with Bechtel. All of them need about 500,000 pyeong of land.”

“500,000 pyeong! If that’s the case, you’ll have to occupy all of Districts 2 and 3.”

“Is that so? If the promotion committee decides, we will review the design.”

Deputy Secretary Yeom organized the work like a secretary.

Everyone’s eyes flashed.

He said that if he focused on the land of the 2nd and 3rd districts, he would make money.

“As soon as the word comes out, the rest of the factories also decide on a company. Hasn’t the Ministry of Commerce and Industry reviewed already?”

We have to put an end to the land issue today.

If the speculators keep coming and going, it will only cause trouble.

“If the Special Counsel says so, fine. As a result of reviewing the current bid, it would be better to take on Hanyeonggak for polyethylene, Cheonun for VCM, Dongsan for ethanol and aldehyde, Asun for alkylbenzene, Samyoung Tire for synthetic rubber, and Hankuk Petrochemical for polypropylene.”

“Waaa!”

Cheers erupted from all sides.

All of which I borrowed from the United States, and if the bidder meets the 50% joint venture ratio, the project will be promoted.

“The plant layout will be reviewed and decided by the Ministry of Commerce and Industry. The winning bidder should actively work on technology transfer from the joint venture.”

Deputy Minister Yeom finished his speech and looked in my direction.

It must mean asking for help with the factory layout.

Okay, that’s what you should do.

Since a petrochemical complex is in the form of a group of factories that share utilities and raw materials with each other, the factories must be gathered together and the efficiency varies greatly depending on how they are arranged.

“Deputy Minister, there is a mistake. The methanol plant is missing.”

“Oh, that’s not a mistake. The methanol plant was rejected because there were no bidders.”

“Are you sorry?”

What’s wrong with petrochemical plants?

Although the initial facility investment is large, it is a business that eventually pays off.

“Recently, a Japanese company lowered the price of methanol from $70 per ton to $40 per ton, claiming that it had developed a new method. In this state, it is impossible to make ends meet, so Sungjin Timber, the previous bidder, has expressed its intention to give up.”

Since methanol is an adhesive component used in the manufacture of plywood, wood companies are its main customers.Read at readwn

Japanese companies are playing pranks again.

It’s only $40 per ton now, but if the methanol plant is completely abandoned, the selling price will skyrocket, right?

“The plant factory should be built when the complex is built.”

“But can’t we build a factory that loses money the more it produces?”

“It is not possible to just calculate the balance of the national key industry. Then, may I take the methanol plant?”

It’s like me, who also has major chemistry, taking Kavlar, PVC, and even methanol.

“Is the methanol plant also going into districts 2 and 3?”

“I will actively review it.”

“clap!!!”

“Waaa!”

This is openly ‘You build a factory, I want to speculate on land.’ It was an atmosphere of

These were people who really needed an education.

“With President Woo participating, the agenda is quickly organized. see you later.”

Chairman Do Byeong-cheol was the first to leave, and as if that was a signal, the meeting flowed into a wavelike atmosphere. Groups of three, threes and five gathered, and the meeting hall was soon empty.

In all likelihood, everyone would have gone to look at the ground.

Since the owner of the factory and even the land have been decided, how much to buy the land and how much to sell to the state is a matter of concern.

“Chief Wang, please talk to me.”

“Ayu, I was wondering when you would give me some time.”

I waved to Assistant Secretary Yeom and left the office with President Wang, who was waiting impatiently.

***

“Chief Wu, please save me. If things go on like this, Hyeonsan Construction will go bankrupt even after successfully completing overseas projects.”

As soon as we started talking, President Wang complained.

Building highways in southern Thailand during the rainy season is a non-trivial task.

“So, didn’t I ask you to spend an additional $1 million on top of the order amount?”

“I’m crazy for not listening to President Woo. But, as the boss said, the equipment is well damaged, so please take care of the circumstances.”

“How much equipment did you pay for?”

“I moved to the USFK and received a total of about 4 million dollars. If you take care of only about $2.5 million of this, I think I will survive.”

President Wang said the number with a serious expression.

The sale price of surplus US military supplies is about 20% of the original price, which is equivalent to buying approximately 12 million dollars worth of equipment. It seemed that the bulldozer would have a roller as well as a crane.

“good. take over right away. Would it be helpful if I give you a lump sum?”

“Hey, it’s not a bill, but a lump sum?”

Of course. I’ve only spent some money on boat purchases and repairs, and I have well over $50 million.

There is no bad taste in issuing a promissory note when you have extra money and watching the other person take their breath away.

“More than that, where did you put your equipment? How are you planning to bring it to Ulsan?”

“I gathered them in Apgujeong-dong. It’s a muddy field, so the equipment gets a little dirty, but it’s the only place where the land price is cheap.”

President Wang put on a puzzled expression.

Hey, now I understand why Hyunsan built the Apgujeong-dong apartment. You kept all your heavy equipment there.

I just built an apartment because there is land.

He must have been a nobleman with money walking through his feet.

“You must have a hard time moving to Ulsan.”

“Yes, there is no highway, so I have to move to Incheon Port, take the sea route to Busan Port, and go up to Ulsan.”

“The transportation cost will be burdensome, but don’t do that and change the location of the construction.”

“Are you changing the construction location?”

“I will discuss with the Promotion Committee, Mr. Wang, please take charge of the Union Oil Refinery complex that will enter Incheon. In addition to the power plant, it is a facility with a capacity of 150,000 barrels, so it will be as profitable as Ulsan.”

“Hehe, it seems that the loan has grown to 300 million dollars because of Incheon.”

“Would you like to change jobs?”

“Sure, of course. How about saving the cost of moving equipment?”

Okay, then Daesei Construction will be able to take charge of the foundation work for the Ulsan Industrial Complex.

If the ground on the Mipo side is flattened, it is three games.

“Then, we will start moving 2.5 million worth of equipment tomorrow.”

“Chief Wu, why don’t you take the land as well? If you take the equipment, there is no reason for Hyeonsan to hold empty land. Thanks to President Woo, I’ll be able to breathe right away, but at least the operating funds… I’m sorry I keep asking for this.”

“How much is it per pyeong?”

“I will give you 250 won per pyeong. It’s a little cheaper than the market price, so you won’t lose money.”

“Well, that’s enough to take over from the mainstream unemployment. Later, I will build a factory or a dormitory for employees.”

“Thank you, Mr. Wu.”

President Wang held my hand tightly and thanked me.

Is this nobleman’s fortune flowing to me?

I had no reason to refuse.

You can really build a temple apartment later.

**

3 weeks later

「(Gyeong) Ulsan Petrochemical Complex Groundbreaking Ceremony (Congratulations)」

pop! pop! pop!

Wow!

Firecrackers exploded, and people gathered like a cloud cheered.

In line with the groundbreaking ceremony, Daesei Construction also brought in a huge number of heavy equipment.

The scene of hundreds of heavy equipment passing through downtown Ulsan at once, like a street parade, was spectacular even to me.

waaa

As the microphones turned on, the TV cameras started rolling, and cheers grew, the President stepped onto the podium.

He looked around in all directions to see if he was excited, and began to speak.

“When the sky in Ulsan is covered with black smoke from factories and the sound of wheels from factories resonates in the coastal waters of Ulsan, we are once again climbing the stairs to an advanced country. (Omitted)… Until then, industrial workers will have to spare no blood and sweat for this great event.”

“Waaa!”

Craftsmen in overalls and even local dignitaries wearing hats were enthusiastic about the groundbreaking speech.

Air pollution was nothing compared to hunger.

“The President and other distinguished guests, please press the button for the groundbreaking ceremony of the historic Ulsan Petrochemical Complex in line with the command.”

Daehannuus’ announcer-like comment resonated over the megaphone.

“One, two, three, please.”

pop! pop! pop!

Firecrackers mixed with five-colored powder went off along with the moderator’s command, and dozens of excavators lifted their buckets in unison.

“Korea horray!! hurray!!”

“Long live the Ulsan Industrial Complex!!”

“Long live petrochemicals!!!”

“Long live the President!!!”

All sorts of cheers followed, and I even saw people shedding tears with emotion.

“Your Excellency, I will open a bird’s eye view.”

“Waaa!”

“One, two, three, please!”

charrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr.

As the president pulled the rope, a large cloth unfolded, revealing a bird’s-eye view of the petrochemical complex.

“Waaa!”

“uh? what?”

“… what?”

Among the cheering citizens, there were those who blinked their eyes.

It is also true that there is a huge petrochemical complex in the Mipo area, and the Daehan Fertilizer Factory, which was in charge of Suseong, was all in the existing industrial complex.

A factory jingling alone in a petrochemical complex cannot function properly.

“How did this happen… The factory site!”

“Hahaha, are you all surprised? I was also surprised when I received the report. I heard that advisor Woo Chan-soo donated 2 million pyeong of land. The cost of building the industrial complex will be greatly reduced.”

The president laughed happily.

“President Wu, what are you doing? This is absolutely unacceptable. Please return to the original plan immediately.”

Chairman Do Byeong-cheol ran up to me like he was on the moon and growled. Hey, why are you angry?

“What is a comeback? The design has already been completed.”

“Who knows? You said you donated land to the state, but you didn’t buy all the surrounding land!”

right. Ki Doo-shik, the king of hairy hair, did a great job.

“What’s wrong with that? Didn’t the president do that? Buying land, building factories, and selling things are all capitalism.”

“What?”

“I followed that word faithfully. In addition to that, I even made a donation for the national infrastructure industry.”

“Where is the law to do this? Move the factory right away!”

Chairman Do Byeong-cheol trembled as if he was indignant.

“No, in capitalism, what is the reason to build a factory on expensive land over cheap land? Oh, would you like the president to donate the land you bought?”

If you have money, donating is capitalism in the 21st century.

That way you can save money and make more money.

“Haha, what are the occupants doing? On a fine day like today, we should have a cup of makgeolli.”

“Ah… ah… Your Excellency…”

“Are you here, Mr. President?”

As the omnipotent power approached, the conversation stopped.

Isn’t this Korean capitalism?