The Genius Grandson Of The Cash King Becomes A Tycoon [EN]: Chapter 68

#068

“A bet? What kind of bet are you talking about?”

“Are you thinking of receiving 70 billion won?”

“Ahem, it includes management rights. I should receive at least that much. But I can negotiate the price.”

“Then let’s do this. I’ll give you 70 billion won next year.”

“So, you’re saying you can’t give it to me now?”

“Instead, if you take it now, it’s 40 billion won.”

“You mean if I pay the acquisition price now, it’s 40 billion won, and if I postpone it to next year, it’s 70 billion won?”

“Yes.”

Jung Mong-il thought.

Waiting a year means 30 billion won.

Yoon Jung-hoon thought.

Next year, it will be in the black. I can pay the acquisition price with that money.

It’s like buying it for free.

“Ahem, alright. Let’s do that then. But you have to provide a guarantee. If you go bankrupt next year, I won’t be able to get the money, will I?”

“That’s right.”

President Kwon Young-soo stepped forward.

“Our Shinhwa Securities will provide the guarantee. We will guarantee the full 70 billion won.”

“Then there’s no problem. Let’s draw up the contract.”

Kwon Young-soo and the legal team of Youngsan Heavy Industries hurriedly drafted the contract.

“Thank you for giving us a good company. I will raise it well.”

“Please take good care of it. It’s a shame, but please nurture it well. We also have the technology to build various mid-sized ships. But how are you planning to raise it?”

Jung Mong-il asked.

“I’m only going to do one thing. I need to make just one ship.”

“What? So, you’re thinking of throwing everything else away?”

Jung-hoon nodded.

A sneer crossed Jung Mong-il’s face as he looked at Jung-hoon.

“You don’t think it’ll work. Have you ever been a president?”

Jung Mong-il was annoyed by Yoon Jung-hoon’s last words.

‘Have you ever done it?’

It was his father’s favorite saying.

‘Have you tried it?’

Jung Mong-il was lost in thought.

Yoon Jung-hoon continued.

“Youngsan Mipo Shipbuilding will become the world’s strongest player in the mid-sized ship sector.”

His voice was full of confidence.

Jung Mong-il felt a sense of déjà vu.

‘Youngsan Heavy Industries is big, this is small.’

Jung Mong-il looked at Yoon Jung-hoon.

His father’s words were clear.

“Where did you hear that?”

“What are you talking about?”

“About making Youngsan Mipo Shipbuilding the world’s number one in the mid-sized ship sector.”

“It’s my idea. Since you’re making big things next door, I thought it would be difficult for us to make big things, but we could be number one in the middle. If they’re number one next door, why can’t we be?”

Jung Mong-il blinked several times.

His father’s face overlapped with Yoon Jung-hoon’s face.

‘Jung Tae-san.’

A man who built the best group in Korea from scratch.

His driving force was, above all, bold imagination and drive.

‘Yoon Jung-hoon.’

His strengths are also imagination and drive.

He signs a contract today and envisions the world’s best company in this deficit-ridden shipyard.

Cheonjihoe may have met its biggest rival.

“Mr. Yoon Jung-hoon, here’s my business card.”

Jung-hoon received Jung Mong-il’s business card and looked at him.

The animosity that filled Jung Mong-il’s eyes had disappeared.

***

The acquisition of Youngsan Mipo Shipbuilding was completed in an instant.

Shares were acquired upon signing the contract.

Yoon Jung-hoon checked the overall management through a consulting firm.

Sure enough, it was just a shell.

There were no profitable real estate or shares in affiliates.

There were only people and land.

The results of the management consulting conducted in the Shinhwa Securities conference room were bleak.

The securities company that provided the guarantee might have to pay 70 billion won if things went wrong.

It had to make a profit.

Jung-hoon looked at the faces of the executives who came up from Youngsan Mipo Shipbuilding.

They all avoided Jung-hoon’s eyes.

“The important thing is direction. Is there anyone from Youngsan Mipo Shipbuilding who has thought about the company’s direction?”

Only one of the executives looked at Jung-hoon.

“Speak.”

“I think Youngsan Mipo Shipbuilding should focus on PC ships [Petrochemical Carriers].”

“Why?”

“Our company’s shipbuilding docks are small, and the pursuit of low-cost Chinese companies is no joke. But if we focus on petrochemical carriers, we have a chance.”

The answer he had been waiting for came out.

In fact, this company is expected to focus on petrochemical carriers and become the world’s number one mid-sized shipyard.

Internally, they are already on the right track.

“Good. Let’s do that. What’s your name?”

“I’m Director Ma Tae-hoon.”

“Does anyone else have any opinions?”

“I’m Director Kwak Cheol-ho. I disagree. Although the dock is small, we have the technology to build various types of ships. The trend in manufacturing is shifting from small-variety mass production to large-variety small production.

Youngsan Mipo, with its technical skills, should strive to manufacture various ships.”

“I think so too.”

The vice president also agreed with Director Kwak’s opinion.

Jung-hoon read the confidence in their eyes.

Familiarity, inertia.

They can do what they’ve been doing well.

But whether it makes money is another matter.

Jung-hoon looked at Ma Tae-hoon again.

“Director Ma, are you confident? Focus and concentration.”

“Yes, that’s the only way we can shake off China’s fierce pursuit and survive.”

“Okay, let’s set the direction with focus and concentration.”

“No way. Abandoning our technology is abandoning the company.”

Those who opposed Ma Tae-hoon’s opinion were not about to back down.

Jung-hoon had to give strength to Ma Tae-hoon.

“It’s not that you can’t accept Director Ma Tae-hoon’s opinion, it’s that you won’t, right? You don’t want to acknowledge him because he’s younger and a junior.”

“……”

“Then I’ll give Director Ma some strength.”

Jung-hoon looked into Ma Tae-hoon’s eyes. He was full of confidence.

“From now on, Director Ma Tae-hoon is the CEO of Youngsan Mipo Shipbuilding.”

The existing president and directors were startled by his words.

Relatively young Ma Tae-hoon was lower in rank than the other directors.

In other words, it meant get out.

“No way!”

Vice President Han Tae-young, who had jumped up from his seat, strongly opposed.

“Vice President Han Tae-young.”

“Yes.”

“Who owns this company?”

“Of course, the owner of the company is Young Master Yoon Jung-hoon, but……”

“Then listen to the owner. Okay?”

“No matter what, you can’t unilaterally appoint a president. It has to go through a board resolution.”

“I don’t know about those legal things.”

Several directors agreed with the vice president and stood up.

“Please reconsider the appointment.”

“……”

Jung-hoon quietly looked at them.

Key figures who had spent a long time at Youngsan Shipbuilding.

He had to get rid of them all at once.

He slowly got up from his seat and met their eyes one by one.

They were full of spirit.

In their eyes, Jung-hoon was just a kid who didn’t know anything.

But they didn’t know the power of the money Jung-hoon had.

“All of you standing here are fired. Now, is there anyone else who opposes?”

The conference room froze in an instant.

“That’s unfair dismissal.”

“Talk about that in court. Get out.”

The door opened, and Shinhwa Securities guards came in and quietly escorted them out.

He had to cut off a few directors who smelled bad, so it worked out well.

They looked down on him because he was the largest shareholder but young.

Jung-hoon showed them the power of the money he had.

“Now, if anyone opposes, please go out that way.”

Everyone lowered their heads.

“Then, I appoint Director Ma Tae-hoon as president. Do you understand?”

“Yes.”

They expressed their agreement in a quiet voice.

“Then, get to work.”

Jung-hoon left the conference room and went to the president’s office, where he plopped down on the sofa.

“Young Master, here’s some water.”

He offered water to Jung-hoon, who was thirsty.

It refreshed his parched mouth.

“Thank you.”

“You did well. You have to push hard from the beginning to establish discipline.”

“President Kwon knows my heart exactly.”

“The consulting results also said to focus and concentrate, and wasn’t Director Ma Tae-hoon the most honest among them? Was it all calculated?”

Kwon Young-soo asked with a surprised expression.

Jung-hoon only smiled at him and didn’t answer.

With the help of Harley Quinn and Psycho, the background checks on the executives and employees of Youngsan Mipo Shipbuilding were completed in an instant.

And through the employees of Shinhwa Securities, they investigated the subcontractors of Youngsan Mipo Shipbuilding.

Nameless companies came out.

They were foreign companies, but they were paper companies.

The money that went there was suspected to be Cheonjihoe’s slush fund.

Jung-hoon began to track it.

***

Before he knew it, the heat wave passed, and September began.

The late heat was still raging.

Late in the afternoon, while walking down the streets of Myeongdong, Eun-soo suggested.

“Hey, I’m hungry, should we eat cup noodles?”

“Aren’t you hot? You’re a cup noodle ghost anyway.”

“Just, it reminds me of the old days.”

“Excuse me, student.”

A man in his 30s with glasses spoke to Eun-soo.

“Yes?”

“If you’re interested in becoming a celebrity… call me here.”

“Ah, I understand.”

“You don’t have an agency yet, do you?”

“I’ve had offers from several places, but I haven’t chosen one yet. I’ll think about it and call you.”

“Please call me.”

Eun-soo, who was being street-casted for the 10th time, had a lot of strength in her shoulders.

“Hey, stop showing off and eat your ramen, it’s going to get soggy.”

“Hehe, what can I do if it’s good?”

“Then why don’t you try acting?”

Eun-soo shook her head vigorously.

She knew her limitations.

Tone-deaf and bad acting.

Jung-hoon, who had finished his cup noodles, looked out the window.

An old man in shabby clothes was walking down the street.

An old man wearing rubber shoes, a modified hanbok [traditional Korean clothing], and an ill-fitting old fedora.

Jung-hoon stared intently at his face.

It was definitely him.

‘Grandpa Park?’

He was the one who had helped him a lot in his past life.

He was the one who liked Bacchus [Korean energy drink].

“I’ll be right back.”

He ran out with a Bacchus in his hand.

“Elder.”

He called him.

Grandpa Park was startled when he saw Jung-hoon’s face.

“Did you call me?”

“Yes.”

“……Why?”

It was a firm expression different from the kind face before the regression.

“Please take this. It’s hot… I thought you might be thirsty.”

“I’m taking it because it’s free, but are you a silly young man? Or don’t you know the value of money?”

He scanned Jung-hoon up and down.

“Are you crazy?”

“Why do you think so?”

“I received a gift from someone I met for the first time while walking down the street. It’s okay if it’s a pretty old woman, but if a twenty-year-old gives it to me, wouldn’t you call him crazy?”

“That’s true. I’m giving it to you because you look like my deceased grandfather. You don’t have to doubt it.”

“What? Deceased grandfather? I see. I’ll drink it well.”

“Yes. Elder. Thank you.”

“I should be the one thanking you.”

Jung-hoon bowed deeply to the old man who was going his way indifferently.

A humble but sincere gift to Grandpa Park, who was a source of comfort to his lonely self in his past life.

‘How does that guy know me?’

He opened the Bacchus cap and drank it all at once.

Park Young-ho looked at the drink he received from Jung-hoon again.

How did he know I liked this?

He tilted his head.

It was strange that Yoon Jung-hoon, the grandson of Hyun Jung-ok, was greeting him, and it was even stranger that he gave him Bacchus.

He looked at his watch.

He was going to be late for his appointment, so he hurried his steps.

Chairman Bang was buying him free drinks, so he couldn’t not go.

Park Young-ho, who had built his wealth by being extremely frugal, went to the makgeolli [Korean rice wine] house where they always gathered with a strange feeling.

***

Jung-hoon, who was in the Myeongdong Shinhwa Loan office, received a call from Yoo Min-cheol, president of Shinhwa Development.

“Young Master, the chairman of Rio Tinto is coming to Korea.”

“Why?”

“The vanadium content of the sample ore is so good that they want to proceed with the contract quickly.”

“That’s good news. Ah, is the office interior going well?”

“Yes, the people from Joongbu Construction are working hard.”

“Okay. Are you still patrolling the abandoned mine these days?”

“I am.”

“Don’t go alone. We’re about to hit the jackpot, so you have to be careful.”

“Okay, Young Master. I’ll contact you when the office is ready. Come down sometime. I’ll treat you.”

“Yes.”

Jung-hoon hung up the phone, not expecting the chairman of Rio Tinto to fly in himself.

The mine he found while chasing Cheonjihoe will soon become a swan and fly away.

Jung-hoon’s lips curled up as he thought about how much Chairman Song Cheol-ho would be in pain when he saw that.

But now was the time to put on a stern face.

The loan company application he had filed with the Financial Supervisory Service [FSS; government agency overseeing financial institutions] had been rejected.

“What happened?”

“That’s… I don’t know why either.”

Jung-hoon slammed the desk with his palm.

“Isn’t it difficult to report a loan company? Can’t you even do that properly?”

“I’m sorry.”

Jung-hoon looked at Kang Sang-cheol and smiled.

Kang Sang-cheol thought Jung-hoon was crazy.

“A little later, when I shout, just act like you’re flustered like you were a while ago.”

“Yes……? I understand.”

Kang Sang-cheol had an expression that he couldn’t understand at all.

“Don’t worry too much. Financial Services Commission approval has to come from above. It’s not at a level that President Kang can handle. It’s a different matter from reporting to the district office.”

“I understand. Still, I wanted to do well, but it’s a shame that it didn’t work out.”

“President Kang, do you like alcohol?”

“Yes.”

“Do you gamble a little too?”

“Yes.”

“Good. Play with the FSS people a little. Lose some money, buy them alcohol, and send them to Hong Kong. Then it will work out well.”

Jung-hoon threw a stack of ten million won on the table.

“I’ll work hard.”

“Ah, make sure to keep the receipts.”

“Yes, Young Master.”

Shortly after, Lee Hyung-joong entered the office.

“President Kang, why wasn’t it approved?”

Jung-hoon slammed the armrest of the sofa with his palm.

As promised, Kang Sang-cheol was sweating and looking restless.

“I’m sorry. Young Master. I don’t know why.”

“Rather than saying you’re sorry, we need a solution.”

Despite Jung-hoon’s scolding, Kang Sang-cheol couldn’t come up with a solution.

He was just wiping the sweat off his forehead.

Lee Hyung-joong, who was watching the situation, opened his mouth.

“May I step in?”

“How?”

“It would be good to have a meal with the FSS employees. If there are misunderstandings, we can resolve them, and if we’re awkward, it would be good to get closer, wouldn’t it?”

“Kang Sang-cheol.”

“Yes, Young Master.”

“That’s how you do things. Do you understand?”

“Yes, I’ll watch and learn.”

Kang Sang-cheol, who was constantly wiping his sweat, answered quietly.

Jung-hoon placed the envelope he had in his arms on the table with a thud.

“Lee Hyung-joong, it’s five million won. Use it. Buy them food, buy them alcohol, and do what they want. Then we’ll get what we want too.”

“Yes, Young Master.”

Lee Hyung-joong put the thick envelope on the table in his arms.

‘Poor guy, you should have recommended someone worse than you.’

Lee Hyung-joong gave a bitter smile as he looked at Kang Sang-cheol, who was restless next to him.

King of Cash’s Genius Grandson Becomes a Chaebol