The Genius Grandson Of The Cash King Becomes A Tycoon [EN]: Chapter 170

#170

“Mr. Yoon, let me be frank. If you withdraw from the acquisition race…”

“Are you saying the acquisition price might drop?”

“You know it well.”

Their efforts to sell off a failing company at a high price were truly touching.

“So, we were hoping you could help us out.”

“You want me to be bait?”

“Please.”

“Hmm.”

Jeong-hoon tapped the white tablecloth-covered table with his slender fingers.

He slowly shook his head.

“I’m sorry, but that would tarnish the reputation of Shinhwa Group.”

“What? Tarnish our reputation? It’s not that serious.”

“You may or may not know, but I have never failed in an investment. I’ve invested 54 times so far, and all have been successful. The same goes for acquisitions. I get whatever I want, no matter what. But if I fail in the Yahoo acquisition, it will damage my reputation and that of Shinhwa Group.”

The two men’s eyes widened at the mention of 54 successful investments.

For a moment, he thought he had exaggerated too much.

“Ah… you’ve invested 54 times and succeeded every time?”

“You’re free to believe it or not.”

A secret weapon to restore his tarnished reputation.

The best strategy popped into both men’s heads.

‘Money.’

No one, no matter how rich, can refuse money.

“If you sell to Star Group at a good price, we will compensate you.”

“Compensate… how much are we talking about?”

As Jeong-hoon showed interest, the two men’s eyes sparkled.

Contrary to his emphasis on pride, there was a possibility that his attitude would change depending on the amount.

“We’ll give you a $10 million discount on the sale price of Alibaba shares.”

“Pfft. Are you kidding me? Ten million dollars? I’ll pretend I didn’t hear that.”

Jeong-hoon frowned deeply.

“Hmm… then why don’t you tell me the amount you want?”

Jeong-hoon swallowed the saliva in his mouth and looked at the two men.

‘Opportunity, if I can persuade them now… maybe for free?’

Lowering his tone, he opened his mouth in a serious atmosphere.

“Depending on what I do, you can receive $10 billion, maybe $20 billion, and if you’re lucky, even $30 billion. But if I withdraw, it will be difficult to get even $10 billion.”

“Well, I think we’ll get $20 billion no matter what.”

James retorted, sounding displeased.

“Really? The business environment changes every moment. Yahoo’s market share is also plummeting.”

The two men’s faces began to turn red little by little.

Jeong-hoon ignored their flushed faces and continued calmly.

“Maybe bankruptcy is just around the corner. As market share declines, so does advertising revenue. But the expenses remain the same… you know that, right?”

At Jeong-hoon’s words, the two men nodded absentmindedly.

It wasn’t wrong.

It was an accurate point, as painful as it was.

“So, what I’m proposing is 30 percent of the acquisition price.”

“Crazy… you’re a crazy… person.”

James replied with a face as red as a charcoal briquette.

“Wait a minute.”

Gary had a different idea.

“30 percent is too much. 30 percent just for participating in the acquisition? That’s no different from robbery.”

Jeong-hoon scoffed at his words.

“Hmph, you think you can get $30 billion even without me.”

“That’s not it. It’s just that the percentage is too much. How about 10 percent? Only if it exceeds $20 billion.”

“Hmm… 10 percent, $20 billion is only $2 billion, and $30 billion is only $3 billion… that’s not enough to sell my reputation and the group’s image.”

Jeong-hoon refused.

The two men’s expressions were full of regret.

Jeong-hoon deliberately used $30 billion as an example.

$30 billion.

A huge amount that would make their eyes pop out.

A number that would stimulate their greed.

The moment they heard the fantastic amount, their eyes sparkled.

They were already selling the company for $30 billion and drinking cool white wine with scantily clad beauties on a yacht in the South Pacific.

Jeong-hoon looked at them, but they couldn’t say anything.

They wanted to have all $30 billion.

The $9 billion they would have to give to Jeong-hoon was like cutting away their own flesh.

“Then let’s do this. If you sell for $20 billion, $2 billion. If you sell for $30 billion, $5 billion. How about that? Then I’d be more motivated to move more actively.”

“Okay.”

Gary eagerly accepted Jeong-hoon’s offer. James was still holding back.

“What about you?”

“I agree too.”

He nodded slowly.

James had no reason to refuse either.

The negotiation was concluded more easily than expected.

The two men didn’t think they would ever receive $30 billion anyway.

But Jeong-hoon thought differently.

He was eager to sell Yahoo for $30 billion.

If he bought a failing company for $30 billion… how happy would Lee-seok be?

He pictured Lee-seok’s happy face, smiling brightly.

Jeong-hoon clenched his fist and burned with the will to do his best.

On top of that, he could get Alibaba for free.

Killing two birds with one stone!

***

‘Shinhwa Group Pursuing Yahoo Acquisition’

‘Chairman Yoon Jeong-hoon’s Sudden Visit to the United States, Is It a Move for Yahoo Acquisition?’

The world’s largest portal site.

Although it had lost its market share in the search market to Google, it was still a site visited by many people.

Yahoo is the ancestor of Korean portal sites [referring to its early influence on Korean internet portals].

According to group officials, Chairman Yoon Jeong-hoon’s will to acquire was clear.

It was also expected that the acquisition amount would be the highest ever.

‘Is it a move to enter the IT field, which is the group’s weakest point?’

The article considered it a move to strengthen the IT field, which was the weakest point of Shinhwa Group.

Lee-seok, who was reading the newspaper, bit his lip.

Yahoo here, Yahoo there.

Yahoo was mentioned more often than in the United States.

Chairman Lee-seok could never lose.

He remembered the humiliation he suffered at his father’s funeral.

He bit his lip tightly, distorting his face.

His firm will for revenge was revealed.

He had to have Yahoo for greater growth.

He had to become the Star Group that dominates the internet.

Lee-seok’s eyes sparkled with greed for Yahoo.

Growth was certain if he only had it.

The company that Yoon Jeong-hoon picked would never fail.

It was unpleasant and hurt his pride, but it was a clear fact.

No one denied the achievements he had made in less than 10 years.

-Knock, knock, knock

The door opened and the chief of staff entered.

“I have a report. Chairman Yoon Jeong-hoon is currently negotiating with Yahoo.”

“What? So that’s why he went to the United States in such a hurry?”

“Yes.”

“Then how much is the acquisition amount?”

“Yoon Jeong-hoon offered $25 billion, but Yahoo rejected it.”

Lee-seok’s eyes were shaking unbelievably.

A large disposition of pouring more than 30 trillion won [Korean currency] in Korean money.

He cursed without realizing it.

“$25 billion? Damn… shit, he must have money to burn.”

“And that’s…”

“Speak!”

“It seems that they are raising the price because they have grasped Chairman Yoon’s intentions.”

“How much do you think they will raise it to?”

“I think you should consider $30 billion. And there is a bad rumor circulating.”

“What is it?”

“There are rumors that Microsoft may jump into the acquisition race.”

“Damn it.”

“If you want to succeed in the acquisition, you need to hurry.”

“How much liquid capital does the group have right now?”

“The entire group has about 10 trillion won in assets that can be converted into cash immediately. And there are 20 trillion won that can be converted within a year.”

“So we can raise 30 trillion won.”

“Yes, but we need to hold at least 5 trillion won in cash for stable cash flow.”

Only 25 trillion won in funds.

It’s not enough.

Lee-seok thought of a way.

There is always a way where there is a will.

‘Inherited assets.’

The answer came to him.

The will has not yet been revealed, but the owner has already been decided.

His father’s real estate assets are at least 50 trillion to 100 trillion won.

There would be no problem if he used that.

Most of the inherited property is real estate.

He also had to worry about taxes.

So it’s not easy to convert it into cash right away.

It was a pity, but he was confident that he could solve it somehow.

While he was lost in thought, the intercom rang.

“Chairman, Madam Ha In-seon has arrived.”

The door opened and his mother, wearing a black hat with a wide brim, entered.

She was dressed in black as it had not been long since the funeral.

“You’re here?”

She nodded and sat on the sofa.

She took off her hat and placed it next to her, and took off her gloves.

“I heard about the acquisition. What’s going on?”

Wrinkles formed on Lee-seok’s forehead.

He is the owner of this group.

“This is not something for you to be concerned about, Mother.”

He had been enduring it because of his father’s halo.

Now that he was king, there was no need to endure it.

“What, what did you say?”

“A good company in the United States has been put up for sale. We plan to acquire it at a reasonable price.”

“Is a reasonable price $30 billion?”

Lee-seok chewed on his lip.

‘Which bastard snitched? I’ll catch him no matter what.’

He vowed to find the culprit.

“Answer me. $30 billion could cause a liquidity crisis for the group.”

“No, it won’t, Mother. There will be no problem if we form a consortium. And business is not done with our money, is it? We have a bank, so why use our money?”

“Bank money? Then do you have collateral to get that loan?”

Lee-seok couldn’t answer.

His mother was nervously opposed to providing shares as collateral.

But… in fact, there was nothing else.

Of course, the problem would be solved if the inherited property came in within a year at the latest.

He could replace the collateral later.

He wore a satisfied expression at his own thoughts.

“We can solve it with the inherited property, Mother.”

“What? What did you say?”

A sharp voice scratched Lee-seok’s eardrums.

“Hmm, there are subordinates here… please consider my prestige in the company, Mother.”

“Chairman Lee-seok, why are you suddenly pushing for this acquisition so urgently?”

“It’s a company that Yoon Jeong-hoon is trying to acquire. If we have Yahoo, we can dominate the internet.”

“Even so…”

Ha In-seon couldn’t refute his words either.

It was the most correct thing he had said today.

A company recognized by Yoon Jeong-hoon, growth was definitely guaranteed.

However, if more than half of the group’s cashable assets were used, a liquidity crisis could occur.

If they fell into the winner’s curse [a situation where the winning bidder overpays for an asset]…

If an unexpected crisis like the IMF economic crisis [1997 Asian financial crisis] occurred again…

Ha In-seon shook her head.

That couldn’t be.

Everything is going well.

Lee Heon, who had been stuck in her head like a brain tumor, had also disappeared.

The plan with Cheon Seong-han was also progressing smoothly.

She had suffered a great blow because of Yoon Jeong-hoon, but she was recovering.

In time, her son, Lee-seok, would take the throne.

Only a happy future remained.

All that was left was to complete the inheritance.

Inheritance.

Ha In-seon wondered why Park Soo-gil had not released the will.

Was he perhaps harboring other thoughts?

She thought she would have to educate him to come to his senses.

She was lost in thought with a frown on her face.

“Mother, are you okay?”

Lee-seok wore a worried expression.

“I’m okay.”

Ha In-seon nodded.

“Hmm, I was sorry earlier, Mother. I was being harsh. I think I’m still psychologically unstable since Father passed away.”

“No, I’m sorry for interfering with my grown son. Still, think carefully about the Yahoo acquisition.”

“Don’t worry. I’m your son, Mother. I’ll do well.”

Ha In-seon looked at her son and wore a pleased expression.

***

Park Soo-gil couldn’t believe the data on his desk.

Ha In-seon had been in a long-term affair with Cheon Seong-han, and Lee-seok was his son?

Ha In-seon and Lee Heon’s son is Jeong Eun-soo, and he is Yoon Jeong-hoon’s best friend.

‘What kind of dog-like situation is this?’

He couldn’t understand how the relationship was so twisted.

But it had already happened.

But how did Han Pan-soo, chairman of Hanho Group, know?

Park Soo-gil’s head throbbed because of the will.

He was just trying to play a little joke, but the situation had become serious.

If he didn’t pass the paternity test, he wouldn’t be able to inherit a penny.

“Ha, if I’m not careful, Jeong Eun-soo will take it all…”

Park Soo-gil leaned completely back in his chair.

He pressed his head with both hands.

It was an acupressure that was effective for headaches, but it didn’t work today.

He thought he should have his secretary give him a massage.

It was when he was about to press the intercom.

“Madam Ha In-seon of Star Group has arrived.”

“Who?”

“Madam.”

Park Soo-gil couldn’t say anything.

He swallowed the saliva in his mouth.

“CEO?”

He could only hear the voice of the secretary looking for Park Soo-gil.

The Genius Grandson of the Cash King Becomes a Chaebol