Son of a Conglomerate at the Highest Level

＜ Negotiating with Woo-gwang (2) ＞

The Grim Reaper giggled as he peered into the Taesung Chemical president’s office.

[What is that lady doing? Dressed up like a gisaeng, he keeps chewing on something?]

‘Ah, that’s the coffee shop lady chewing gum.’

[chewing gum? It’s such a strange thing.]

At the sound of discussing the conditions for the acquisition of Taesung Chemical over a cup of tea in the president’s office, even the presidents of Woo-Kwang’s affiliates followed suit.

Like people who were determined to be grumpy on purpose, each of them had different demands on the car.

So annoyed, President Shim put the phone in a coffee shop near the factory.

That was the reason why the coffee shop lady started making deliveries on New Year’s Day.

“The person who ordered the coffee~”

The coffee shop lady chewed gum and looked back.

“Hey, here.”

“Here too.”

“This one too.”

The presidents of Woo-gwang’s affiliates, who were taking a peek at the lady at the coffee shop, raised their hands.

Opening the wrapping cloth, a thermos and a coffee can were found on a tin tray with a picture of roses on it.

President Shim politely guided him towards Chairman Kim of Woogwang.

“You take orders from here. It’s a double shot of espresso.”

“S…… what?”

“Double shot of espresso. Serve it Italian style.”

“So how much sugar and cream?”

“without. The amount is small, the taste is strong, and the coffee is very, very strong.”

“You are making it very difficult. Are you just asking for black coffee?”

A pretty-looking lady at a cafe drank a lot of coffee while chewing gum.

Five tablespoons of coffee in half a cup of water!

The lady at the coffee shop offered strong black coffee to Chairman Kim of Woo-gwang and winked at one eye.

“If you twist it, you can have coffee delivered in Italy. next guest?”

Thanks to the coffee shop lady who sells her guts, President Kim of Woogwang laughed.

“Is this Taeseong’s way? The level of customer service is understandable.”

“I think it would be enough to show sincerity if the secretary ordered expensive cafe coffee instead of barley tea on the New Year’s holiday when he didn’t go to work?”

President Shim, who asked the lady at the coffee shop for a meal, smiled.

“If you hear the acquisition conditions prepared by Taesung, you will be surprised by his sincerity. Chairman Kim caught on today.”

“Stop the bluff. I’m thinking of just drinking a cup of tea and standing up.”

“this. Now that I look at it, there must be a reason why you ordered coffee that was as bitter as beef.”

Sim sipped the sweetly burnt milk coffee.

“You should be able to drink three hours. Hot water is free, so you can pour plenty of it.”

“It would be good to present conditions that my association would agree to. There are quite a few affiliates left to look at today.”

It meant I had no intention of wasting time.

“Did you hear me, my lady? I’m supposed to be selling coffee to these people for three hours. Wasn’t the delivery delayed?”

“One, two, three, four…forty one. I’ll just write one phone call. Shall I inform Madame unnie that we are canceling the delivery?”

She was a quick calculation girl.

The coffee shop lady got excited and drank coffee.

Thus, discussions on the acquisition negotiations of Taesung Chemical began in earnest.

* * *

The presidents of Woogwang’s affiliates began to bite and hang on to each other.

“You wouldn’t believe me saying that we would just hand over not only the products in the warehouse, but also the inventory. Shall we examine the dumping conditions step by step?”

“If you say you’re going to hand over your business partner, don’t you mean that you’re just going to hand over your contact information and be done with it? How are you going to handle the bill?”

“From raw materials to transportation vehicles. How will you dispose of your movables and immovables?”

Every time he went into detail, President Shim took out a lot of documents from the cabinet and handed them over to the president of the affiliate in question.

“No, why are you handing this over to me? Summarize orally and report.”

“The equipment list and safety check record are missing?”

“Compared to shouting loudly, I guess you haven’t properly prepared for negotiations?”

Sim’s face turned red.

There was plenty of space to refute.

It was the moment President Sim couldn’t stand it and was about to open his mouth.

Follow me!

Sim quickly answered the phone.

-I leave all the cumbersome handover procedures to Woo-gwang. Ask someone who is curious to find out.

Click.

Sim took a long, deep breath.

“It’s already the 30th time Taeseong said he would yield.”

That meant that he had scuffled with the presidents of Woo-gwang’s affiliates as many as 30 times.

“If you have any questions, look for yourself here. I won’t stop.”

Shim pointed to the pile of paperwork piled up on his office desk.

The presidents of Woo Kwang-yi’s affiliates rushed in and searched through the documents.

“This is the raw material delivery statement!”

“Oh, there’s even a bill-settlement ledger!”

“Even a research report on adjusting the mixing ratio of Taesung Shampoo!”

These were valuable documents that were never disclosed to the outside world.

The presidents of Woo-gwang’s affiliates flashed their eyes.

I was busy asking questions to President Shim while pushing in the materials I found.

“What was the result of changing the proportions of the ingredients? Does it make any difference?”

“I would like to ask about Taesung Chemical’s sales books and operating profit statement.”

“There was a new product development report on Taesung toothpaste. I would also like to check out prototype samples.”

Sim was in tears.

Woo-gwang’s patience seems to be running out as the presidents of affiliates surround him and peck at him from all over the place.

“You said you passed everything?”

“You said you would yield?”

“Find the materials and bring them quickly. Quickly!”

Like a man who caught a hukou, they started demanding and beating beyond the limit.

It was the moment President Shim, who had endured and endured until the veins protruded from his forehead, was about to open his mouth.

Follow me!

-Sotamdaesil. Don’t waste your precious time in arguing. At this rate, Chairman Kim will leave without even looking back.

Sim was startled and turned around.

Wookwang’s CEO Kim was sitting on the sofa, legs crossed, elegantly savoring the aroma of coffee while the presidents of Wookwang’s affiliates ran amok.

– Have a discussion with the person in charge of the acquisition of Taesung Chemical. Why are you negotiating with the presidents of affiliates?

If there are many boatmen, the boat will go to the mountain.

-From the moment you sign the negotiation documents, you must accept Woo-gwang’s promise that he will take responsibility for everything.

That’s why Taeseong is giving in this much.

-What is it at a time like this? With me the decision maker! Twice! you know?

“······All right.”

-It’s okay to lose a billion units. Only take care of people. Pass only the terms of the reacquisition negotiations.

“yes.”

Sim nodded heavily.

The look on his face as he hung up the phone and looked back at Chairman Kim was quite spleen.

Chairman Kim smiled and showed his composure by lifting a coffee cup.

“If this is the takeover condition prepared by Tae-sung, it is disappointing.”

“If this is Woo-gwang’s attitude toward negotiations, I am equally disappointed.”

“Who are you directing? Is it Cha Tae-seong?”

“If you were the president, you would have told me to change the phone right away. You must have already come running before that.”

President Sim sat down on the sofa, leaving the presidents of Wookwang affiliates alone.

Like Chairman Kim, I crossed my legs and drank the cold coffee.

In the meantime, he had no time to drink a cup of tea due to the demands of the presidents of Wookwang affiliates.

“Chairman Kim, Woo-gwang seems to make decisions by majority vote, right?”

President Kim of Woogwang raised one eyebrow or not.

“Our Taesung fully complies with Chairman Cha’s decision. Didn’t you see it on New Year’s Eve too?”

The grandfather announced in front of people that he would hand over Taesung Chemical to Woo-gwang.

The presidents of affiliates refuted the decision and did not dispute it.

Rather, he supported his grandfather and actively helped attract investors.

“Please leave only the person in charge of the negotiations for the acquisition of Taesung Chemical here, and pass on everything else.”

“Why should I?”

“Would you like to have a proper conversation about the terms of the acquisition?”

“It is you who should notice, not me. You are the one who will have to convince me.”

Chairman Kim laughed.

“I heard you were entrusted with full authority over the acquisition negotiations of Taesung Chemical by Chairman Cha? It will be difficult if the negotiations fail like this.”

“I will have no trouble. I wrote my resignation.”

“Resignation?”

At the same time, the presidents of Woo-gwang’s affiliates, who had been talking loudly, shut up at the same time.

But the momentary silence was replaced by an even louder murmur.

It was Kang-soo that President Shim devised to deal with Chairman Kim of Woo-gwang.

“Do you see this?”

What President Shim was waving was a bundle of resignation letters signed by Taesung Chemical employees earlier.

On the top of it, the name ‘Shim Won-cheol’ was clearly written.

“As everyone knows, Taesung Chemical was taken over overnight, right? Any stars? I have to back off.”

“Didn’t you already choose Taeseong’s maknae? It would be fine if we went under it.”

“Can I go from being the president of Taesung Chemical to an executive at Taesung Construction? Or can I ask for the position of president of Taesung Construction, which His Excellency has already acknowledged?”

“Hmm, then the eldest son or the second son…”

“Does the president look closely at that?”

Sim shrugged.

“What is regretful about writing a letter of resignation? What does it mean to the company you leave anyway?”

Sim said in a tone full of annoyance.

“You decide. Will you defeat them and face me alone, or will you decide by majority vote?”

“Everyone be quiet.”

When Chairman Kim raised his hand, the CEOs of Wookwang affiliates immediately shut up.

There was a dead silence without a murmur.

“Everyone in their places.”

Follow Chairman Kim’s orders in perfect order.

They were so calm that it was difficult to see them as people who had been making a fuss just before.

All the fuss so far was a ploy to gain an advantage in the acquisition negotiations of Taesung Chemical.

“I don’t know if Cha Tae-sung will hand over the company on his own, but I’m a bit different. This is Woo-gwang’s style.”

Chairman Kim scratched the tip of his chin.

“continue. What is the purpose of passing Taesung Chemical at such a low price?”

“Either Taeseong is ruined or not. Because it is none of my business.”

Oh, that’s the word I encouraged Woo-gwang to throw out if he doesn’t believe it, but he uses it as it is!

“What happens to Taesung Chemical, whether or not Taesung suffers a loss in billions, I don’t know anymore, second!”

yes! Well done!

“If the negotiations to take over Taesung Chemical go off the rails today, Chairman Cha will probably take the lead on this issue, right?”

“It’s Taeseong’s takeover negotiation team led by Cha Tae-seong. Then why did you obtain the right to negotiate the acquisition of Taesung Chemical?”

“You have to have that much authority to have a private meeting with President Kim, right? Just take all of this!”

Sim put down the coffee cup he was drinking.

“The acquisition negotiations that must be done anyway, now you can get not only profits in billions but also such a precious bonus, so why are you hesitating? I rather don’t understand that?”

The pile of documents that President Shim pointed to.

These were the top-secret documents of Taesung Chemical.

“You have to negotiate with Chairman Cha tomorrow. At least a few months, at most a few years, while negotiating the takeover of Taesung, he would openly turn the factory around and sell the product. Of course, all those documents will be destroyed.”

“Come to think of it, why is Taesung Chemical’s top-secret document not on the tin cabinet but on the desk in the office?”

“I was about to burn it after writing my resignation letter.”

This was the bait President Shim devised to seduce Chairman Kim.

President Sim clapped his hands.

“You’re lucky. If you hadn’t come today, you wouldn’t have gotten this windfall. Instead, there are some conditions.”

“say it.”

“I hope to finish the takeover negotiations before my resignation is accepted.”

Because there was a request to finish it by today.

“There is another one. The people of Taesung Chemical who have not submitted their resignation yet…”

“Those who play for the holidays must be far more insane than those who drink alcohol over there. I don’t want to bring those guys into the rain. Everyone is fired.”

The problem of whereabouts of people from Taesung Chemical who could not go to work during the holidays was also solved. end.

“If you want to take all of Taeseong’s stockpile and top-secret materials, you’ll have to use some tricks. Chairman Cha made excuses about facility inspections, defect repairs, or bill handling…”

“As of the time I signed the acquisition contract, everything belongs to Woogwang, and it is managed under Woogwang’s responsibility. Taeseong can’t even put a finger on it.”

“Then you should write it down as a special contract.”

If you pretend, you pretend.

After all, the negotiations with the decision makers are carried out in an instant.

‘Now, even if there is a fire, I can’t hold Tae-seong accountable!’

Sim swallowed a dry saliva.

“One most important problem remains.”

“Equity Clearance.”

As with most issues in the world, the most important thing in a corporate acquisition is, of course, the issue of money.

“We take over all shares in Taesung.”

“At least 15 billion. I know you don’t have enough money to mobilize because of the steel business. Would that be possible?”

Sim said in a calm tone.

“Why don’t you just hand over Taesung’s stake in Wookwang and get the cash?”

“I can’t do that.”

Chairman Kim put down the coffee cup.

“My face has been filthy, how can I hand over Taesung Chemical gracefully? No way.”

“All right. Then 15 billion is…”

“By voice.”

Sim was speechless for a moment.

“Could it be that all 15 billion?”

“Is there anything wrong?”

It was a shameless answer.

“It seems to be a condition that I have never thought about. There’s nothing to be so embarrassed about… hmm?”

rustle.

With trembling hands, President Shim took out a piece of paper from his pocket.

On that paper it was written:

＜1-month, 3-month, 6-month, and 1-year bills are 25% each.＞

＜If the promissory note is not paid in full by the maturity date, it is substituted by transferring the shares in proportion to the promissory note＞

＜If you give up bill payment and request re-acquisition negotiations for Taesung Chemical, follow the rules of the bond market.＞

＜There is no adjustment of the share ratio in the reacquisition negotiations. Only price negotiation is possible.＞

＜Until the stock reorganization is over, Taeseong has the right to negotiate first.＞

Chairman Kim opened his eyes wide.

“what?”

＜ Negotiating with Woo-gwang (2) ＞ End