This Is How I Became a Chaebol

084: Value of Performance

Let’s calculate the money Sambok will draw.

In the United States, the money earned by Nike brands including Goldskin is $10 million in monthly sales and $2.8 million in net profit.

It took about 4 months to get rid of the stock and achieved 40 million dollars in sales, so there shouldn’t be too much error in the calculation.

Daesae Chemical’s yarn business is handed over to Daese Unemployment, excluding calculations, as a catalyst, net profit of $300,000 per month, military supply to Vietnam will be about $900,000 in net profit on sales of $2.7 million per month, and lumber is stolen, so net profit of $300,000 per month, Daesae Construction is from Vietnam The 2 million dollars I earn is only net profit, and it is my hidden card to dispose of surplus goods accumulated in Vietnam, so I exclude it for now.

Then, the net profit that Sambok will give you is about 6.4 million dollars a month.

There is a Vietnam special, but it makes 75 million dollars a year. I am very rich

Even after the Vietnam special is over, it will be 37 million dollars a year.

“How much was the interest on the loan? Isn’t that about 7% per year?”

No matter how much money you borrow, you won’t be in trouble because of the interest.

If Sambok endures for one year, the gas field will explode, and with that performance, it will be possible to advance overseas in earnest.

With the status of an oil-producing country and even a track record of success, you should be able to get permission for Vietnam’s Baekho oil field or Block 7… Ugh, my body trembles just thinking about it.

In order to obtain exploration rights from the president, do you have to do a shipyard or a steel mill?

The shipyard is more valuable to me, but what the president regrets is the steelworks, right?

I was just going to pretend to review it roughly, but I ended up seriously reviewing it.

Ttarreung Ttarreung

I called the Ministry of Commerce and Industry.

＜This is Deputy Minister Yeom Won-cheol of the Ministry of Commerce and Industry.＞

“Deputy Minister, this is Woo Chan-soo.”

How did you get in touch without going through the secretary?

＜Oops, why did you pick up all the calls?＞

“I have something to report to the president… No, more than that, he ordered the steel mill business to be reviewed.”

＜Is it iron?＞

“Yes, it is iron. I can’t review it alone and I need some existing review materials. It’s even better if you attach a practitioner.”

＜Oh, there are a lot of data. It is a task that has been floating around like a bupyeongcho for several years. Director Seok Gi-hun’s contact information… Oh, he’s on a business trip to Incheon Steel. I’ll send it to the mainstream unemployment.＞

Well, I heard that the steelworks project was conceived a long time before Pohang Ironworks, but it must have been true.

But, I didn’t know that Incheon Steel was involved.

“No, since I have to see the site anyway, it would be better for me to go to Incheon Steelworks and meet them.”

＜Oh, are you going to do that? Then I’ll contact you. You can go anytime, tomorrow or the day after tomorrow.＞

“Yes, thank you.”

Took.

I hung up the phone and tried to collect memories.

Going through plant, shipbuilding, and construction, I heard various things about the steel industry.

By the way, wasn’t Incheon Steel an insolvent company?

I remember it as a company whose performance improved only after the Hyunsan Group took over and invested heavily in the automotive steel sheet and special steel areas after struggling due to being pushed by Pohang Iron and Steel…

That Incheon Steel was one of the pillars of the steelworks project?

“I’ll have to take a look. With a little tweaking, you might be able to make a ship’s heavy plate, right?”

If the purpose of a comprehensive steelworks is itself, a steelworks with blast furnaces in Pohang would be optimal, but if it can produce hot steel plates for ships, it could be a good steelworks for me in the short term.

It is not too late to build a 200,000-ton class oil tanker with heavy plate hot-rolled steel, and then slowly build a large integrated steelworks.

“Secretary Ki Doo-sik.”

“Yes, boss.”

Secretary Ki answered right away.

As if he had been my secretary for a long time, he was very adaptable. The factory site was handled so perfectly that I admired it.

Even if I did it myself, I couldn’t have done it better. One person was well chosen.

“Would you like to go to Incheon?”

“Yes, I will see you right away.”

Even if I drive, I can review data and come up with business ideas while on the road, so work is done faster.

“Ah, are you studying English?”

“Yes, I am working hard. There is an American missionary in a church near my house, so I am going to a church that was not there.”

“ha ha ha.”

You go to church to study English? After all, one fine hair is outstanding.

Looking at it, there is a shortage of talented people in the mainstream unemployment.

If I mainly work in steel mills or shipyards, I naturally have no choice but to pay less attention to petrochemical or clothing businesses.

In Daesae Chemical, CEO Hwang Hye-seong is so outstanding that he can be trusted, and in the textile business, Sambok, and in the shipping business, Captain Yoon and Captain Smith are two tops. ..

Rather, wouldn’t it be necessary to recruit experts from steel mills and shipyards from now on?

Is it right to continue to receive workers from Jeonpo-dong, including skilled workers?

I also wondered if it was time to think about recruiting executive-level talent and open recruitment.

Instead of thinking about recruiting every time, it seemed like we should create a channel where talented people would come to us on their own.

***

smart

“president. Im here.”

“Ah, you have arrived.”

I woke up to the sound of a light knock on the car window.

Secretary Ki was waiting outside, and when I opened my eyes, he opened the door.

It was midnight.

If I don’t, I’ll get curfew.

You should be released soon, but if you get caught, it’s a bit of a headache.

“Boss, we have served you as the best inn near Incheon Steel. see you tommorow.”

“I will stay here with you. Eat some rice too.”

“no. I will do it separately. Rest in peace. I will come to see you early tomorrow morning.”

Secretary Ki led me into the inn and quickly disappeared. It really is like the wind.

“welcome. Are you alone?”

“Yes. Please give me a room and stay overnight.”

“Yes, guest. I’ll put a bottle of soju with hot soup and put it in your room.”

“thank you.”

I didn’t want soju, but I’ll eat whatever they give me.

“This room. The tap water is here. Rest then.”

The old lady was cool.

When I entered the room I was guided to, it was papered with newspaper and a light was turned on through a hole in the wall.

The room next door and my room were shared with one light. It was shabby for being the best lodging in the area.

click.

“Oh, hello. Please turn on the light.”

I couldn’t even wash my socks off, let alone wash them, and the lights went out.

“Oops, I’m sorry. You have guests.”

The walls were thin enough to allow conversation with the guest in the next room. This thing had a wall, but it was at the level of one mana.

But, why is the voice familiar?

There’s no one I know here.

“…Uh, by any chance, aren’t you President Woo?”

“Who are you?”

“Aye, that’s right. This is the yearning iron.”

Assistant Minister Yeom burst into my room with a rushing sound.

“Are you staying here?”

“You called and left right away. Hey, Director Seok Ki-hoon. Greetings. Woo Chan-soo is the president of the trend business.”

“Yes. I am Seok Gi-hun, the 2nd Industrial Bureau Director of the Ministry of Commerce and Industry. I heard a lot.”

Should it be a coincidence?

Anyway, seeing that high-ranking officials also stay here, it seems that this is the best inn near Incheon Steel, as Secretary Ki said.

“Oh, the guest felt it. Hold on a second. I’ll bring you some more snacks.”

“Hehe, ma’am, you’re going to get a bottle of our ginseng liquor, so please boil a plate of meat at least.”

“Yes, guest.”

Assistant Minister Yeom proudly shook a bottle of ginseng wine.

You’re carrying everything.

For some reason, the innkeeper’s lady who had been bringing night snacks had become the appearance of serving the liquor table.

“I always wanted to have a glass of ginseng wine with President Woo, but tonight is perfect. He’s been around for 7 years since then. Please take it first.”

Assistant Minister Yeom filled my glass first.

Because of his good manners, he was a nobleman who would be more suited to a businessman than a government official.

“I’ll pour you a drink too.”

“Haha, please follow me.”

“thank you.”

They filled each other’s glasses, toasted quickly, and swallowed in one gulp.

The bittersweet scent was awesome. good night.

“Did I disturb the two of you at night?”

“Ah, what are you saying? Director Seok also packed a lot of materials that President Woo said he would give. I turned off the light because I was nervous and couldn’t sleep.”

“I’ll give you the data as soon as I think of it. Please read it at your leisure.”

Director Seok took out a bag from somewhere and began to put a thick report on top of it.

「The 1st Five-Year Plan for Economic Development – Comprehensive Steelworks」

From the title of the material placed at the top, it was unusual.

The construction of a comprehensive steel mill was included in the first economic development plan.

“The integrated ironworks have been planned for a long time.”

“Yes that’s right. In September of this year, it will be the fifth year. Other tasks have their own results, but the steel mill business is really blind, so as a practitioner, it is a taste of death.”

Director Seok Gi-hun emptied his drinking glass, perhaps feeling frustrated.

“Director Seok, now relax. CEO Woo has joined, so just think about running. He’s good at anything.”

“I have heard a lot of words. However, since the steel mill is a task that is being harassed by the United States, West Germany, and Japan, I am concerned that CEO Woo is only hurting his energy. It’s already the third time that these guys are thinking about using our country, and they are going down, and they are going down, and it is already the third time. Ugh.”

“You fell over three times?”

It is not uncommon for a national project to fail three times.

“Yes. That’s three times. I have to do it though. If we cannot produce steel, our country cannot escape the subjugation economy. Even if there are difficulties, we must set up pig iron, steel mills, and rolling mills.”

How come you’re pretty good for a nobleman civil servant?

He understands the importance of the steel industry and has a sense of responsibility.

“What can I do, what was force majeure. It was going well with West Germany, but it was broken because the United States came in, and the board was broken because Kennedy died, and in the ensuing negotiations between Korea and Japan, it was said that the loan for the steel mill was included in the paid-in loan of 200 million dollars, but it was overturned at the last minute. In the end, things got twisted and he returned to the West German deputy minister. It’s not like cooking.”

It’s right to cook.

With the US in the middle, things got complicated.

It seems that Korea failed to ignore the pressure from the United States. In addition, Kennedy did politics with his unique ambiguity.

In the end, the real intention of the US is that if Korea is going to do steel business, it should choose the US rather than West Germany or Japan.

Advanced countries, even if they are allies, hope to stay at the level of middle-income countries day and night. That way, the straw can still be inserted.

“Whether it is Joridolim or not, it is poisonous to promote the steel industry by dividing Incheon Steel, Joil Steel, Yeonhap Steel, and Donggeuk Steel as they are now. If the steel business is dispersed like this, it will eventually be used as an excuse for Korea not to attract loans for integrated steelworks.”

Why, Seok Gi-hoon is a Yangban Jinguk.

You are assessing the situation properly.

“What can I do? Everyone knows that integrated steelworks are the best, but there is no large-scale investment or technology. The government’s decision to do it step by step, starting with what is possible, is not wrong.”

“Deputy Minister, in terms of stages, how much is crude steel production per year?”

I was just curious, so I asked about production.

“We are currently targeting 100,000 tons per year by the beginning of next year, and plan to gradually increase it to 300,000 tons per year in 1972.”

300,000 tons per year?

I can understand why Director Seok Gi-hun sighed.

It’s no child’s play, even if you add up the production of all four steel mills, isn’t it 300,000 tons per year?

With 300,000 tons, only a deficit in steel production is accumulated.

Steel mills built in India or Brazil with loans from developed countries such as the United States are 500,000 tons a year.

Even at that weight level, there is a deficit, so money is quickly spent in the United States, but if all four companies add up to 300,000 tons, it is at the level of just importing pig iron and producing only steel plates.

It is no different from saying that they will only make money in the domestic market.

naughty babies.

Do you not think about making money by exporting, but only thinking about sucking the blood of the people?

Even if you don’t know about Donggeuk Steel, it was Choil Steel, so it was clear from the name of Yeonhap Steel that it would import pig iron from Japan.

Borrowing a loan from the government guarantee is only eroding the basic strength of the domestic industry.

Never allow such an investment.

“No, did the Ministry of Commerce and Industry agree to that?”

“Isn’t that obvious? Our country also needs to produce steel. In industry, iron is like rice.”

Who says iron is not the rice of industry?

Why did you agree to 300,000 tons, man?

Deputy Minister Yeom Won-cheol is very good at pointing out false legs.

I turned my eyes to Director Seok Ki-hoon.

If even he couldn’t understand what I was saying, it was time to change the person in charge.

“I knew very well that I couldn’t agree to 300,000 tonnes, but I couldn’t help it. Step by step or whatever, you need iron right now.”

“You need it right now?”

Even though he understood my intentions, the nuance of his reply was strange.

“Yes, Mr. Wu. To be honest, the steel situation in our country is serious. So far, they have managed to survive by melting down war scrap and importing 100,000 tons of pig iron from Japan a year. However, from the second half of this year, pig iron imports have become difficult, and war scrap has been completely depleted. It is terrifying to think that iron prices will skyrocket now. This is no time to hesitate any longer.”

So far, it is said that Korea has been making steel by melting scrap metal and foreign pig iron.

“Why is it difficult to import pig iron?”

“Korea has been importing pig iron from Japan, but the Japanese steel industry in North Kyushu is saying that they cannot export it, citing a lack of supply as an excuse.”

“The Japanese government is stepping in.”

“The Japanese government is friendly to us. This is because we are supporting the construction of a comprehensive steelworks with an annual capacity of 1 million tons. As the Korea-Japan Agreement was initialized, there was only a problem with the introduction of loans. Among Japanese businessmen, there are many who want a joint venture even to apologize for the colonial era.”

Assistant Minister Yeom drank ginseng wine and made a sad expression.

Is this gentleman naive? Are you pretending to be naive?

“It is not that Japan is friendly to us, but that we have become targets of Japan’s performance. You must not be mistaken.”

This is why most of the Korean leaders were mistaken about Japan at that time.

I had no idea what a great economic asset the performance we provided to Japan was.