105. reunion
As Hoyoung had promised, three days later, Myeongseong Electronics contacted me.
It wasn’t even normal contact.
– Ho, Ho Young-ah, I heard that the president of Myeongseong Electronics asked ‘politely’ if we could meet?
“Good for you. I think you should make an appointment and see me.”
– Am I out again?
“yes. My older brother will have to work hard.”
– Ah, fame groups are kind of scary.
“What are you afraid of?”
Park Byung-jin hesitantly spoke over the receiver.
– Are you a chaebol? Originally, chaebols are the scariest.
“No, you are also the son of a conglomerate family, so what are you so afraid of?”
– What a conglomerate our house is! Compared to our reputation, our family is just a business family.
“If Anam Industries is a place to do business, most companies in Korea should be called corner shops.”
– That’s what the horse is, the horse.
Hoyeong laughed and said.
“Don’t worry too much because you won’t be the only one leaving anyway.”
– okay? Who else is out besides me?
“yes. I will teach you everything you will do and say in a meeting with Myeongseong Electronics, so you should remember it well.”
– Okay. Am I acting again?
Park Byung-jin and Ho-young continued to talk on the phone for a while after that.
After talking for about an hour and confirming that Park Byeong-jin understood everything he said, Ho-yeong was able to hang up the phone.
.
.
.
Hanjeongsik restaurant in Hanam.
Namsik Cho arrived here early and was waiting for Byeongjin Park, vice president of Anam Industrial.
His face was full of annoyance now.
It was because the appointment time had passed more than 15 minutes, but Park Byung-jin had not yet arrived.
“cheeky. When the hell are you going to show up like this?”
Jo Nam-sik spat out harsh words.
It has already been 8 years since he entered Myungsung Electronics and started working.
This was the first time anyone had made him wait.
Because no one tried to disobey him.
After all, he was a prince of fame.
“Is anyone out there?”
“Here it is. president.”
The secretary answered from outside the door to the sound of Jo Nam-shik looking for him.
“Bring some water.”
“All right.”
While the secretary brought cold water, Jo Nam-shik pressed his temples as if he had a headache.
Then, with a bang, the door opened.
“Why is it so slow to get water?”
“sorry. It’s too late. The car is too blocked.”
Cho Nam-sik turned his head away in surprise when he heard someone else’s voice, not the secretary’s.
At the end of his gaze, Park Byeong-jin opened the door and came in hesitantly.
“ah···. sorry. You’re a little late. nice to meet you This is Jo Nam-sik.”
“yes. I am Park Byung-jin from Anam Industries.”
Jo Nam-sik and Park Byung-jin exchanged greetings, exchanged business cards, and sat down.
“Boss, here is water.”
“okay. Can you tell me to prepare the food right away?”
“Yep.”
The secretary brought water, and Jo Nam-sik spoke to the secretary in a soft voice.
His voice was completely different from when he was angry about why it was so slow to bring water.
“haha. The other day, a subordinate of mine said he was rude. They didn’t even serve me a meal.”
“Well, I didn’t even have to call it that rude. And we met at a coffee shop.”
“Still, I said that I would treat you very well, but when I heard that you couldn’t even eat together, I sighed. Instead, I will treat you today, so please eat a lot.”
“thank you. It’s the first time I’ve been to a house like this. I’m looking forward to it.”
“It’s a place where the food tastes as good as expected, so you can expect it.”
Jo Nam-sik continued with a friendly smile.
“By the way, I heard a story from a subordinate I met the other day. You want 5% of our semiconductor sales?”
“yes. I told you so.”
Park Byung-jin said casually.
“By the way. 5% of that sales is actually an unreasonable proposition.”
“Are you overdoing it? haha. GS Semiconductor has already decided to provide 3% of sales to us as royalties, and Daehyun Semiconductor has also decided to provide 4.2%. Do you know if that’s all? AMD of the United States decided to give 6% of sales. And semiconductor companies who want to negotiate with us are lining up. Do you think our offer of 5% is an unreasonable offer in this situation?”
Park Byung-jin’s eyes were confident.
“Has the story gone that far already?”
“They have been in contact with us since the day after we issued a press release saying we had developed a wafer. But please don’t go anywhere and tell me what I said. I don’t want to be called the kind of person who talks about contract details.”
“of course. But we don’t want to sign contracts that exceed our sales.”
Park Byung-jin’s expression slightly frowned.
“If you’re going to keep saying the same thing, why the hell did you bring me here to Hanam?”
“I apologize if you felt offended. May I make a new suggestion?”
“A suggestion?”
“yes. I can certainly make you a tempting offer.”
Jo Nam-sik spoke leisurely, and Park Byeong-jin, who looked at him for a while, nodded.
“All right. Let’s hear what your offer is.”
“I want to take over Anamm Industries.”
“A takeover?”
Park Byung-jin raised his voice in surprise.
Jo Nam-sik said with a smile as if it was natural for Park Byung-jin to be surprised.
“yes. There is something I learned while researching various things about the Anam industry. Although Anam Industrial is a listed company, the founder and the owner’s family own more than 60% of the shares, right?”
“you’re right.”
Park Byung-jin answered shyly.
Of course, this was not supposed to be a secret, but no one was happy to hear that someone was behind them.
“If you hand over your stake, I’ll give you a reward I can’t even imagine.”
“Hey, pay? How much are you willing to give me?”
Park Byung-jin snorted and said, and Jo Nam-sik raised a finger.
“100 billion? Do you know what our company’s market cap is? I don’t even have a chin with it.”
The total stock price of Anam Industries was originally around 300 billion won.
However, with the successful development of 8-inch wafers, the share price that grew explosively was now close to 450 billion.
The owner family of Anam Industries owns about 60% of the shares.
It was a price that could be preserved at 250 billion won even if it was sold on the stock market with simple calculations.
So, it was natural for Park Byung-jin to snort at the numbers Jo Nam-shik suggested.
However, Jo Nam-sik shook his head with a deeper smile.
“If it’s not 100 billion…”
“One trillion won.”
“yes?”
“I will buy it for 1 trillion won.”
Park Byung-jin was sincerely surprised and could not answer.
The amount offered by Jo Nam-shik was truly astounding.
Jo Nam-sik smiled silently at Park Byung-jin, who was surprised.
He had no doubt that Park Byung-jin would accept this condition.
“Hmm···. sorry. This is not something I can decide here.”
“Is that so too? You should have a talk with your father.”
“That’s not something to decide with my father.”
“then?”
”In fact, we recently received a large investment.”
”You said you received an investment?”
Jo Nam-sik’s eyebrows twitched.
It was an instinctive annoyance at the appearance of a variable he did not expect.
“How much did you get invested in?”
“Hmm. A little too much. About four.”
“If it’s four chapters, are you talking about 400 billion?”
“That’s right.”
”Then how much did you pass the stake?”
“Actually, I haven’t passed it yet. This is because the process of handing over the shares is currently in progress, so it has not been completely completed. Of course, all payments have been received.”
Jo Nam-sik thought it was a waste.
According to Park Byung-jin, he and his family own only about 30% of Anam Industries.
To that extent, he could not control the company.
“Where on earth did you invest that much money?”
”It looked like a foreign company. Gaia Investment.”
“Gaia Investment? Is this your company name?”
“yes. Exactly.”
Gaia Investment was a name Jo Nam-shik had never heard of.
“What the heck… What company are you doing?”
”As the name suggests, we know it as an American company specializing in investments. We had no choice but to pass it on to offer us a huge amount. Perhaps···. I know the contact information of the investment manager of the company. Do you need the contact information?”
“yes. If I can purchase the remaining shares from Gaia Investment, I will purchase a 30% stake for 500 billion won at the price I just said.”
Park Byung-jin’s eyes lit up at Jo Nam-shik’s words.
Jo Nam-shik momentarily caught a glimpse of greed in his eyes.
”Then I will contact you right now without any hassle.”
“Now?”
“yes.”
Park Byung-jin took out his cell phone from his bosom.
“Aha, you have a cell phone. Of course, for me, the sooner the better.”
“All right. Excuse me for a moment.”
Park Byung-jin called somewhere.
Jo Nam-sik saw Byung-jin Park talking on the phone and gnashed his teeth.
The cell phone Park Byung-jin was using was a Pantech cell phone.
Having lost miserably to Pantech and Hermes Telecom, he couldn’t help but recognize Pantech’s phone.
“Oh, hello? hello. This is Byeongjin Park from Anam.”
At that time, Park Byung-jin spoke into the receiver.
Cho Nam-sik pricked up his ears and listened to his words.
“Where are you by any chance? Are you from Gangnam? If so, is it time now?”
Park Byung-jin explained the current situation to someone over the receiver.
Judging from the atmosphere, it seemed that they were going to start right here.
‘Unless you’re an idiot, you’ll want to sign this contract.’
Nam-sik Jo did not know who the other party was, but he thought that he would of course accept his takeover offer.
This is because if they purchased a 30% stake with 400 billion won a while ago, they could leave a huge difference of 100 billion won in a few days.
He was heartbroken, but decided not to think too deeply.
The reason why he dared to acquire Anam Industries was not only because of the current 8-inch wafer.
Even if it wasn’t so, in order to expand production, more factories had to be built, and talented research personnel had to be continuously expanded.
This is because it was decided that the semiconductor factories currently owned by Anam Industries could be reused by Myungsung Electronics as they were, while Anam’s researchers were allowed to concentrate on developing 12-inch wafers as they took over 8-inch wafers.
He thought that this contract was a business that could easily extract the 1 trillion won used this time in the long term.
“president. The Korea investment manager of Gaia Investment said he would come right here. May I call you?”
“sure! You are welcome to come.”
“All right.”
Park Byung-jin put the phone on the receiver and said that he could leave now, explained the location of the restaurant, and hung up the phone.
“Things happen all of a sudden. Actually, it’s a bit of a waste.”
“What do you mean?”
“If we hadn’t sold half of it to Gaia Investment, 1 trillion would have fallen to us, but we lost 100 billion won by selling our stake in just a few days.”
Instead of answering, Jo Nam-sik gave a slight smile, but inside he clicked his tongue.
He thought that Park Byung-jin was too greedy.
‘But it’s not all bad. Thanks to that greed, I was able to safely conclude the contract.’
smart-
“Can I have some food in?”
As Cho Nam-sik was thinking, a restaurant employee knocked on the door.
“yes. Come on in.”
After Jo Nam-sik gave permission, the restaurant staff came in carrying the entire huge table.
On the table, dozens of what seemed to be enough food were set.
“Now, vice president, enjoy your meal. The food here is really good.”
“thank you. Just by looking at it, it looks very delicious. I will not decline.”
And the two of them forgot about work for a while and started to eat food without hesitation.
In fact, the food tasted great, and Park Byeong-jin also had a satisfying meal.
“Hmm, I think it’s time to come soon.”
“That’s right. It’s been about 50 minutes since I called.”
“president. A guest has arrived. I call myself the investment manager of Gaia Investment.”
“okay? Take them here right away.”
After the meal, while drinking tea from the restaurant, Jo Nam-shik’s assistant informed him that someone from Gaia Investment had arrived.
and after a while
“Here.”
“thank you.”
A man came to the door where Jo Nam-sik and Park Byeong-jin were guided by the secretary.
drooling-
The sliding door opened, and a man finally appeared.
“hello. My name is Ho-Young Yoon, who is in charge of Asia Investment at Gaia Investment. Take good care of me.”
The man who appeared here was Hoyoung.
Officially, the first meeting between Jo Nam-sik and Yun Ho-young was concluded like this.
