The Chaebol's Youngest son MTL - Chapter (106)
Episode 106.Baeksan Group, aiming for Jungwoo Group.
February 13th.
The financial chairman Cho Seok -tae was notified of Michael’s acquisition of all four banks.
He confirmed Michael several times and urgently headed to the acquisition committee.
Acquisition Committee.
“Really?”
I have asked many times to see if Janggeumsan is incredible.
“That’s right.I was surprised too. ”
“If I knew it would be, would you like to make a harder?”
“Election.Never be greedy.They assumed that the Korean economy was quickly recovered and acquired it forcibly.In other words, if the recovery goes down, you have to take a huge damage.Investment in 1 trillion is never easy.If we had asked for an excessive amount, they would have refused. ”
“I know.”
Janggeumsan was somewhat dissatisfied with it, but it was no longer standing.
The most important thing for him now was to save the economy by relaxing the IMF’s high interest rate policy.
Because of the high interest rates, the entire industry was dying.
“Kim.”
“yes.Election. ”
Kim Hee -seok immediately replied and looked at Janggeumsan.
“I move with Chairman Cho as soon as possible.Let’s agree with Breda Capital in an approximate line and announce the sale before inauguration.To do that, you have to hurry.At least in March, the IMF will be announced to ease the high interest rate policy, so our economy can live.I don’t want to remain a failed president. ”
“I will do my best.”
Kim Hee -seok and Cho Seok -tae bowed straight.
Jang Geumsan’s last words came heavily.
It was very tight, but Kim Hee -seok and Cho Seok -tae did not think they were impossible.
Since the proposal was already proposed, it has been coordinated with creditors to some extent, and the government’s public funds have been discussed.
Once you discuss and announce it, and modify the details, it will be no problem.
Since then, Michael has been in detail with the Financial Services Commission.
The agreement was not big because of the agreement in a rough framework, but it did not mean that the negotiations were completed quickly.
It was because of the big money and some disagreements in the employment part.
Pushing and pulling continued, and the final consensus was made on the evening of February 16.
Breda Capital acquired the first, foreign exchange, Southeast, and Boram Bank, and agreed to divide the acquisitions in March, August and December.
The government has obtained the desired restructuring instead of retreating from the payment method.
Breda Capital initially insisted on restructuring of 15%, but stepped back and agreed to 10%.
February 17th.
The Financial Services Commission’s meeting room was a bustle of domestic and outfit.
It was because the Financial Services Commission notified the news that Breda Capital had already acquired Cheil, Foreign Exchange, Southeast, and Boram Bank.
Of course, the reporters sparked their eyes because they needed the details to write the right articles.
Major officials participated, and IMF’s head of IMF and Newbridge Capital Susan attended.
Samuel was waiting for a press conference with his expectations, and Susan’s eyes were stained with disappointment and anger.
It was Susan that I didn’t think that the sale would be made so.
She looked around and felt definitely a different atmosphere.
The faces of foreign journalists who were usually shallowed in Korea were surprised and expectation.
‘As of today, the evaluation of Korea will be different.So did you miss a good opportunity to invest? ‘
Susan looked at the press conference with embarrassing eyes and found Han Do -young and approached.
“nice to see you.This is Newbridge Capital Susan. ”
“This is Han Do -young.”
Han Do -young was surprising, but soon he smiled and shook hands with Susan’s hand.
“Last time, I was at a press conference.”
“Oh, my appearance is a bit noticeable.I am interested in the sale of Korea’s large banks.So I was interested in it all the time, and it’s exciting. ”
“Are you kind to everyone like this?”
“That’s not.However, in Korea, foreign investors are urgently needed.I heard that Newbridge Capital also paid attention to the acquisition of banks, but I hope you will not be disappointed and invest in other industries.For example, Seoul Bank still remains. ”
“Baeksan Heavy Industries has nothing to do with banks.But why are you so zealous at the sale? ”
“If the Korean economy is shaking, Baeksan Heavy Industries will shake.I hope that Breda Capital’s view of Korea will change as a result of acquiring the bank.Start.”
Han Do -young led the conversation without losing his room.
Susan was impressed inside.
‘This man must be the leader of the Korean economy in the future, whether it is related to Breda Capital.’
Susan also turned attention.
“I am Cho Seok -tae, chairman of the Financial Services Commission.”
Cho Seok -tae bowed deeply and greeted him and held a microphone and started a press conference.
“The government was looking for a reasonable partner, and this time I talked with Breda Capital’s representative Michael.”
Cho Seok -tae stopped talking for a while and pointed to Michael, and Michael stood up and shook his hand.
Cho Seok -tae continued to press the press conference.
“The government is convinced that Breda Capital will invest a lot for the Korean economy.At the end of the intense discussion, we decided to sell Cheil Bank, KEB, Southeast Bank, and Boram Bank to one trillion won and sell them to Breda Capital. ”
There was a drunken place everywhere.
It was surprising that four banks were sold at once, but the amount of 1 trillion won was also shocking.
In the hard atmosphere, journalists poured out questions when the sale and acquisition of the banks of Michael and Michael ended.
In particular, the question was concentrated on Michael, so Cho Suk -tae sat down with a bitter smile and looked at Michael’s back.
‘Now it’s a global era.’
“The best, foreign exchange, reward, and southeast we take this time are all included in the world’s top 100 banks.But I think that one trillion is a bargain price. ”
The sharp question of the domestic newspaper came out, but Michael replied relaxed.
“If it was early last year, it would have been difficult to take over one of the four banks with 1 trillion won.But in a year, the situation has changed a lot.The insolvency has grown, and I don’t know how much the insolvency will increase in the future.So I think it’s never a bargain. ”
“The trillions of public funds were invested to deal with the bank’s insolvency.Isn’t it a good thing? ”
“The deficit of four banks scheduled for this year is at least 4 trillion won.If the Korean economy does not recover, Breda Capital should lose KRW 4 trillion every year.Of course, if the economy recovers, it will benefit.None of the world’s investors have not been worried about this, but we have invested in the future of Korea.High Risk High Return.It is never a bargain. ”
When the deficit was mentioned, some journalists who showed some hostility stopped.
“And as the chairman mentioned earlier, Breda Capital agreed to restructure 10%of employees and branches.This is the consideration of Breda Capital for Koreans who have difficulty in housekeeping.yes.Ask a question. ”
Michael pointed to an American journalist.
“Korea is a foreign exchange crisis and it seems very dangerous because it is 30%high.Please explain this. ”
If a Korean reporter poured out questions from the feelings of patriotism, the US reporter faced the reality.
“Korea is different from Mexico and Thailand.The people were tired, but they were willing to try, and the officials are working very hard.Of course, is it right to invest now?I poured it for quite some time.The bottom line was to invest, and I boldly invested. ”
“But it seems excessive to take over four banks.”
“I didn’t want to take over four banks from the beginning.However, as the negotiations proceeded, the government made a proposal and acquired it after a review. ”
“Do you not regret it?”
“If you have done it, your regret or regret should be thrown into the trash.My head is to manage your bank well and turn it into a surplus as soon as possible. ”
“Then are you going to keep your bank separately?Or are you going to integrate into one? ”
“Of course, you have to integrate it into one.That way, it will have synergies.I will announce it after consultation. ”
As the press conference continued, the questions gradually disappeared, and questions about the operation of the bank were mainly formed.
By the end of the press conference, journalists were fussed to send the press conference to the headquarters and talk on their cell phones.
“It’s all over.Please invest a lot in Korea.I’m sure it’s a very good investment. ”
Han Do -young smiled brightly and reached out to Susan.
“I don’t know anything else, but I see a representative and hope in Korea.”
Susan shook hands with Han Do -young and left the press conference.
Michael greeted various people, and when he met with Han Do -young, he nodded slightly and soon began to talk with them.
**
The inauguration ceremony of President Jang Geumsan is over.
February 19.
Major daily newspapers have published articles that praise the Janggeumsan government, which the IMF sold unusually banks.
In particular, he mentioned that if he shows a more certain willingness to reform, he can alleviate the current high interest rate policy.
February 20.
Starting with the shocking report of the crisis of the middle and right groups in a daily newspaper in Korea,Rona began to point out the problems of middle and middle groups.
February 22.
Finally, the middle and middle group snack accounting broke out.
The prosecution’s investigation began for alleged crimes, including accounting accounting.
Baeksan Construction.
Han Do -young visited Baeksan E & C headquarters to meet Han Chung -sik.
Han Do -young, who was trying to enter the CEO’s room, met Han Kang -sik who opened the door.
His face was so crazy.
“Go in.”
Han Kang -sik spoke short and escaped the secretary’s room as if he had run away without greetings.
He advised to sell Hanshin Kun Young’s major lands and improve his financial status.
“Come on.”
Han Chung -sik recommended Han Do -young with a firm expression.
Perhaps it was painful in the sad situation of Han Kang -sik.
“I met my uncle.”
“I see.Hanshin Kun -young decided to make banks.Kang Sik asked me to help, but I refused. ”
Han Chung -sik’s decision was unexpected.
I didn’t know how to refuse so much about the proposal of Han Kang -sik.
“guy.No matter how weak I am, I can’t help Hanshin Kun Young.If it helps to build Baeksan, you may have considered taking over, but honestly, it doesn’t help. ”
“You did well.”
“Do you want to say?”
“father.Middle and middle groups are in a serious crisis.Do you know? ”
“okay.Middle and middle groups have talked a lot in the past, but now the myth is over.Middle and middle groups will survive, but after the sale of large affiliates, it will fall out of the top 10.If Kim goes to jail, I don’t know what the middle and middle group will be. ”
Han Chung -sik shook his head.
“father.I think middle and middle construction will be sold.As you know, Jungwoo E & C is leading the Korean construction industry with Daehyun E & C. ”
“Please take over me?”
“yes.how is it?Are you pulling Gumi? ”
“If Baeksan E & C acquires Jungwoo E & C, there will be an article that shrimp had a whale.Puhahaha. ”
Han Chung -sik burst into laughter, but it was read with confidence for Han Do -young.
Of course, it was never a company that was comparable to shrimp.
It is only smaller than Jungwoo E & C and Daehyeon E & C, but it was a leading in domestic construction.
However, the number of overseas orders was low, but if you acquire Jungwoo E & C, you will be at the forefront of the industry.
“you?”
“Me?”
“okay.You can’t miss this good opportunity. ”
“We are aiming for middle and middlewarts.If you acquire Jungwoo Shipbuilding, you will be sure that you will have a good synergy with the Pacific Merchant Marine. ”
“What is Dangjin Steel Works?Would you like to wait a little more? ”
“There is a order in work.The government is planning to deal with middle and middle groups quickly, so I want to acquire middle and middle ships first.And you have to take over Dangjin Steel Works.and.”
“and?”
“I’m a car.And for the time being, I will go to hide. ”
“This guy.Even if you take over one of them, you have to be prepared for tremendous hardships.But you take over three and hide in a casual look?If you say someone else, you’ll be swearing or swearing, but you can’t do it because you have something.Anyway, don’t overdo it. ”
“Don’t miss a good opportunity.father.Do not miss the construction of middle and central construction.It is an important sale that will complement the weaknesses of Baeksan E & C with weak overseas order. ”
“The bad is big.Honestly, Gumi will not be pulled unless the government can forgive debt. ”
“When the sale progresses, please negotiate.Obviously, I will listen to my father’s demands.It will not be 100% reflected, but it will work well. ”
“Is it that way?”
“sure.I can’t take over a company with a lot of insolvency.Honestly, the government is not a loss.The public funds invested in the shares and bonds can be sold and the company can sell it and recover it. ”
“It’s not easy though.”
Han Chung -sik seemed to hesitate for a while and decided to decide.
“Let’s try it.I also want to see Baeksan E & C as the number one in Korea. ”
Han Chung -sik squeezed his fists and revealed his ambitions.