My Calling Is Profiler [EN]: Chapter 113

The Great War (1)

***

After being fired, Im Beom-soo had no choice but to rely on New Moon Industrial. But that hope was quickly fading.

“Fulfill the contract.”

“Shouldn’t we renew the contract? I can’t accept your conditions!”

“Oh, really?”

Park Do-shik visited Im Beom-soo, a smile playing on his lips. When his younger brother explained how to resolve the situation, Park Do-shik couldn’t help but exclaim in surprise.

Who would have thought things could be resolved this way?

“Well, I figured you might say that. So, I brought someone from the bank.”

“The bank?”

“Yes, we’re going to reassess the value of New Moon Industrial.”

Im Beom-soo’s eyes flickered nervously at Park Do-joon’s words.

“Shouldn’t we reassess before negotiating, naturally?”

How is the value of a company determined? By the seller’s inflated claims? Or the buyer’s lowball offers? Naturally, the seller wants to sell high, and the buyer wants to buy low. So, an agreement is hard to reach.

At least with land or machinery, it’s easier to assess the value based on market prices. But what about other intangible assets? How do you assess the value of a company’s reputation, brand recognition, marketability, and existing contracts?

That’s why there are specialists who focus on assessing such things.

“Is a value assessment even possible at this point?”

“We’ll have to examine the financial statements first,” the man who accompanied Park Do-shik said coolly.

“I don’t believe the current value is very high.”

“No, it was originally valued at 1.9 billion won!” [Approximately $1.5 million USD, depending on the exchange rate.]

Of course, the assets and such are worth more. But there were also debts incurred when the company was founded, so the price of 1.9 billion won was determined on the condition that those debts were assumed by the buyer.

“Of course, that was then. But the situation has changed now. First, the union went on strike. Surprisingly, that has a very significant impact on the value assessment.”

The stronger the union, the lower the value of the company when it’s sold. Until now, New Moon Industrial had never experienced a strike.

But with the strike still ongoing, the company’s value plummets even further.

“Second, the company has caused social controversy. Once the company’s reputation is tarnished, we can’t apply the company’s brand value from the past.”

Even if it’s a company that the public doesn’t know, it still has some brand value. If the brand value is negative, fewer deals will come in.

“Third, New Moon Industrial failed to fulfill its supply contract with Hyunseong Group. As a result, the supply contract was terminated.”

“T-that’s not true! We weren’t supplying them even before that!”

The man responded coldly, “The reason deliveries weren’t made at that time was because Hyunseong didn’t place orders, not because New Moon failed to fulfill Hyunseong’s orders, correct? The implications for the company’s valuation are completely different.”

The question of whether or not you *can* supply to Hyunseong later becomes a very big issue.

“Furthermore, according to the previous data, there were no other trading partners besides Hyunseong. If the supply contract with Hyunseong is terminated, the value will inevitably plummet.”

“Crazy!”

“Fourth, you have to compensate Hyunseong for damages due to the non-delivery. If we take that into account, the price will fall further.”

Im Beom-soo’s mouth hung open. He never expected things to turn out this way.

“So, what’s the value?” Park Do-shik asked.

After pondering for a moment, the man quietly said, “Assuming there are no other changes in the situation, such as fluctuations in the price of goods or land… well, about 900 million won.” [Approximately $700,000 USD]

“What? 900 million? 900 million? Are you kidding me? 900 million!”

A 1.9 billion won asset suddenly became worth only 900 million won.

Naturally, Im Beom-soo exploded.

“Don’t give me that crap! I won’t sell it for that money!”

“Really?” Park Do-shik presented the contract from their previous negotiation.

“Then you have to return 400 million won according to this contract, right?”

“Crazy, why would I give that back?”

“Because we gave you 200 million won as a deposit.”

200 million won [Approximately $150,000 USD] was given as a deposit, and it was New Moon Industrial, not Sky Industrial, that broke the contract.

Naturally, they have to return twice that amount.

“Where would I get that kind of money?!”

Of course, he doesn’t have the money. Im Beom-soo had to pay enormous inheritance taxes after his father’s death.

Naturally, he has no cash on hand.

“It can’t be helped. Especially the fact that the deal with Hyunseong was cut off is serious,” the man who assessed the price shook his head.

“And if we consider the possibility of the banks calling in their loans, the price may fall even further.”

“What?”

“Because the contract was made on the condition that all of the company’s debts were inherited.”

The money used to buy the company’s building or machinery is all borrowed. And the reason why those loans were possible was because they were trading with Hyunseong, so they thought they could repay the loans sufficiently.

But in that situation, the contract is suddenly terminated? Naturally, the bank will try to recover the funds.

“If you can’t return the deposit and you can’t repay the money you borrowed from the bank, you’ll have to declare bankruptcy…”

The man looked around.

“If you go bankrupt and liquidate this factory, will you even get 500 million won?” [Approximately $380,000 USD]

“…….”

Im Beom-soo now realized that he had been outsmarted. That his greed had ruined everything.

“Damn it…….”

***

“Hey, thanks to you, I bought it cheap.”

Sizzling Korean beef [Bulgogi or Galbi] is cooking on the grill.

“Korean beef, what’s gotten into you, hyung [older brother or close male friend]?”

“Yama, I saved hundreds of millions, is that a small amount?”

As soon as they announced that they would take over the employment contracts, the strike was immediately resolved, and Im Beom-soo had to leave with only 900 million won. They cut 1 billion won from the original 1.9 billion won.

In any case, brand value is meaningless because it will go under Sky Industrial’s name. Of course, even if it disappears, they usually have to pay for the brand value, but New Moon Industrial, which has already been smeared with dirt through the media, has not been recognized for its brand value.

“I was worried about how much more money I would have to give because I met a crazy bastard.”

Park Do-shik chuckled and cut the perfectly cooked Korean beef, placing it in front of Park Do-joon.

“I never thought I’d be able to swindle 1 billion won.”

“Well, if you understand the other person’s thoughts and can predict their actions, it’s not impossible.”

Park Do-joon saw Im Beom-soo’s greed, analyzed his past actions, and was able to sufficiently judge his tendencies. He simply set a small trap.

But Im Beom-soo fell for it and eventually had no choice but to leave with a reduced amount of 900 million won.

“On top of that, he was fired from Wangsang Construction, so it’s a huge loss.”

If he had kept the contract, he would have been able to keep his position as a manager at Wangsang Construction and stay on the promotion track, as well as earn a large sum of 1.9 billion won at the same time.

“I know, right? Aigo [expression of frustration or annoyance], my brother is a treasure, a treasure.”

“You’re not going to try and butter me up with beef, are you?”

“There’s no way. Look forward to this dividend.”

Park Do-joon, who was smiling as he looked at his grinning brother, also smiled.

‘Why couldn’t I think of this before the regression?’

It wasn’t just about catching criminals. He could feel anew that taking care of his family was also his responsibility.

“Aigo, it’s delicious.”

While enjoying the melting taste of Korean beef in his mouth, Park Do-joon’s cell phone suddenly started ringing.

“Huh?”

Park Do-joon checked it and got up from his seat.

“Just a moment.”

“Where are you going? The meat is burning. You can’t eat beef if it’s burnt!”

“No, just eat first. It’s an important call.”

Park Do-joon answered it and went outside. It was obviously an important call to take in a noisy restaurant.

“Yes, Chairman.”

It was a direct call from Bae Deok-gi, the chairman of Hyunseong Group, no less.

-How have you been?

“I’ve been well, thanks to you.”

-Is the work going well?

“Well, it’s the same every day. Thanks to you, the acquisition of New Moon Industrial went well. Thank you.”

-Really? I’m glad if you’re not too busy. I was hoping you could come and help us for a bit?

“Yes? Me?”

Park Do-joon tilted his head. He wasn’t some kind of powerful executive, and the fact that Chairman Bae Deok-gi himself had called meant that something serious had happened, but he was asking him to help?

-Actually, there’s a problem we need to handle quietly.

“If it’s related to a crime, you can report it to the police, and they’ll handle it quietly for you, right?”

-I’ve already reported it. But the police are just saying they’re ‘trying.'”

“They’re ‘trying’…….”

To put it nicely, they’re trying, and to put it bluntly, it means that the person in charge of the current case has no solution.

“I can help you, but the police there won’t like it, will they?”

-We’re Hyunseong.

Well, with Hyunseong’s power, it wouldn’t be difficult to assign a profiler.

“I understand. Where should I go?”

-Come to Samhan Foods.

“Samhan Foods? Not Hyunseong?”

-I’ll tell you when you come.

Park Do-joon nodded.

“I understand. I’ll go right away.”

He let out a long sigh as he hung up the phone.

“I guess I’ll have to eat Korean beef later.”

# Don’t mess with food

Samhan Group. The second largest food company in Korea. You can’t ignore it just because it’s a food company.

It has twenty-two franchises under its umbrella, two confectionery companies, and two professional bakery companies, literally a giant in the food industry.

“And they’re also in-laws with our Hyunseong Group. The wife of the eldest son, Chang-joo, is the third daughter of Samhan Group.”

When he arrived at the company, Chairman Bae Deok-gi was surprisingly there.

“But what brings you here, Chairman?”

“I didn’t come because of the incident, but I gathered to have a meal with my in-laws. An incident happened in the meantime. Let’s go in.”

Bae Deok-gi, who came out to the elevator, took Park Do-joon inside, and there, an elderly man was pacing around the room, raging.

“Find him! If you can’t find out who that bastard is, we’ll die! Understand! Find him! Dig up all the related bastards!”

He grabbed the phone and yelled for a long time, then hung up and looked at Bae Deok-gi.

“Is that the person?”

“Yes, he’s someone I trust. He’s a profiler.”

Bae Deok-gi said, pointing to the elderly man who was frowning.

“Kim Seong-han. The chairman of Samhan Group. Of course, he’s my in-law.”

“I’m Park Do-joon.”

“I hope you understand that this isn’t a situation where I can say I’m glad to meet you.”

“I know. But the blackmailer hasn’t been identified yet, has he?”

Kim Seong-han’s eyes widened. He looked at Bae Deok-gi.

“I didn’t say anything.”

Bae Deok-gi also looked at him with a strange expression. He hadn’t revealed any details due to security concerns.

“But how does this guy know?”

“First of all, I need to clear up the misunderstanding. I can deduce it from the situation.”

“The situation?”

“First of all, the employees didn’t seem to feel anything strange when I came in. That means the employees don’t know. But you said that if you don’t catch the culprit, the company will go bankrupt. In reality, no matter how much of a food company it is, the possibility of a company like Samhan Group going bankrupt is not very high.”

“Just from that?”

“It’s not *just from that*. The company’s system is structured so that the lower levels handle most problems on their own. If the chairman himself is taking action, it means that it’s a problem that will seriously damage the company…….”

Park Do-joon paused, took a deep breath, and calmly continued speaking.

Job is Profiler