＜ New Challenge 04 ＞
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“First of all, as those of you who know me know, I have been divorced twice.”
President Yoon Soo-yeon, who was so lucky.
Of course, Hyeon-jun was well aware of the circumstances. It was not something I had heard from President Soo-yeon Yoon, but something I had already heard from Professor Byung-se Jang.
“But in the process of going through my first divorce, there were some big and small incidents for me. Originally, my father was a friend and business partner of the founder of Sangmoon Group. He even held the position of vice chairman of Sangmoon Group, but passed away at a rather early age.”
So, your late father was the vice chairman of Sangmoon Group?
It’s the first time I’ve heard of that story.
If so, that President Yoon Soo-yeon was not simply a movie star, but she came from a great family.
“Actually, when I was young, I took marriage… too easily. I was too immature back then, and I trusted my ex-husband too much. Foolishly, I was robbed of all the substantial shares I had received from my father. And I got divorced too. At that time, I went to Canada with a feeling of desperation thinking that everything was over, but fortunately I was able to regain my original self there. Then I came back to Korea, and even remarried. My ex-husband made all sorts of threats against me again, so it’s been very difficult for me. The remarriage ended not too long ago.”
Hyunjoon nodded without saying a word.
That story was also heard from Professor Jang Byung-se.
However, another life story of Yoon Soo-yeon, the president of the company, follows.
That was the first time I’d heard of it.
“But actually, more importantly, it happened right before my ex-husband divorced. At the time, I was pregnant with my ex-husband’s child. Before getting a divorce from him. At that time, he forced me to have an abortion. It was probably around the end of the IMF. Do you know why? I will not pass a single property to my child. That’s how you erased a child. Even if it’s your own child. I was kicked out like that.”
After that, President Yoon Soo-yeon shuts her mouth for a while and sinks into remorse.
Hyunjoon waited patiently.
“I bought a lawyer and tried to take legal action, but that was impossible at the time. No one listened to what I had to say, and even when I tried to report it to the media, no articles appeared. At that time, the business class ranking was in the top 10. It was a very powerful place. In the end, I headed for Canada as if I was running away, and I tried to forget it even if I was forced to…”
As such, while CEO Yoon Soo-yeon was talking, the atmosphere was calming down.
The owner of an elegant wine bar.
Middle-aged president Yoon Soo-yeon, who has a slightly mysterious feeling thanks to her thick eyeline.
After a moment of calming her emotions, she opened her mouth again.
“It was all because of the equity. He was the youngest member of the Sangmoon Group, but he took a share from me, and based on that, he won the battle of brothers, and eventually rose to become the chairman of the Sangmoon Group.”
In other words, Sangmoon Group Chairman Seo Seok-kyu was the ex-husband of President Yoon Soo-yeon.
It seemed like a story from a drama, but to my surprise, it was real.
However, if you look at the trend of the world these days, isn’t there a big difference between the last drama and reality?
The youngest daughter of a conglomerate family abandoned her wonderful family and chose suicide.
A chaebol family did not hesitate to use insults, insults, and assault teachers.
On the other hand, after making a hard expression, Hyun-joon took out his smartphone and entered the keywords ‘Sangmun Group’ and ‘Chairman Seo Seok-gyu’ and searched immediately.
Then many articles appeared.
Among them, the most recent article was that the Sangmoon Group hastily set up a holding company and started adjusting its stake in affiliates.
And there are dozens of pictures of Chairman Seo Seok-kyu registered in related images.
He is a middle-aged man with a very handsome and handsome image.
However, a man with sharp eyes and unusually thin lips.
“…but not too long ago, that person reappeared… and started harassing me. Professor Choi will probably be horrified when he finds out why. It is because of the stake I have!”
share?
What does that mean?
Didn’t you say that you had already lost all your shares?
But what share?
Hyeonjun immediately raised his head and stared at President Yoon Soo-yeon.
“actually! The stock I currently own is something I did not know before. It’s the same stake that my deceased father held in borrowed names.”
At that moment, Hyeon-joon knelt down! I was about to hit
It could be.
It’s a borrowed-name share.
In the past, it is said that some groups secretly dominated the group’s governance structure in the form of borrowed-name shares.
Maybe.
And it seemed that such a share flowed back to President Yoon Soo-yeon.
“I recovered it all in my name a while ago. Sure, you have to pay a hefty tax, but that’s a temporary moratorium.”
In other words, President Yoon Soo-yeon now owns a stake in Sangmoon Group.
Does it mean that Chairman Seo Seok-gyu reappears and harasses President Yoon Soo-yeon again because he has so much?
So Hyun-joon cautiously opened his mouth.
“What level are you at?”
Then CEO Yoon Soo-yeon stared at Hyeon-joon and slowly opened her mouth.
“Sangmun Construction shares… 16%.”
In that moment, wow!
Hyunjoon was really surprised.
If you own a 16% stake in Sangmun Construction, that means you have a really huge power stake.
Because it is one of the stock items, [Sangmun Construction] is well known to Hyun-joon.
The company’s market capitalization will be approximately 2.7 trillion won.
In particular, this company is a very large construction company, with its civil construction appraisal amounting to about 7 trillion won every year.
For such a company, it was really amazing that President Yoon Soo-yeon had a 16% stake.
On the other hand, President Yoon Soo-yeon continued to explain.
At present, Shangwen Group is still saying that the form of equity investment structure is very outdated. In particular, it is a relationship in which stakes in affiliates are intertwined, centering on Sangmun Construction, but the equity investment structure is much less than expected.
In other words, unlike other conglomerates that complement each other and build strong barriers as mutual investments continue, Sangmoon Group only starts with Sangmoon Construction, so if Sangmoon Construction suddenly shakes, the entire Sangmoon Group may collapse. that is rescue.
So, President Yoon Soo-yeon, who owns 16% of the shares there.
It is said that it is such a situation that, depending on the direction of her stake, it can eventually have a great influence on the management rights of the entire Sangmoon Group.
“So I am telling you, I am thinking of selling my stake to a third party. There are also tax issues, and it is very difficult for me to hold on to this stake. So, those who will have this stake will be able to exert considerable influence on Sangmoon Group in the future. Whether you make additional purchases on the market or purchase additional shares from institutions, you will be able to aim for maximum management rights through such a process. Currently, Chairman Suh Seok-gyu’s family owns a total of 27.50% of Sangmun Construction’s shares, with 2.45% treasury stock and 5.93% pension fund.”
As such, a detailed explanation followed.
At this time, Hyeon-jun soon tilted his head.
As such, the location of Sangmun Construction is very important.
It was somewhat surprising that the owner had only a 27.50% stake in a company with a small market cap.
Of course, there are chaebols that dominate the group with a lower stake, but isn’t the Sangmoon Group a top-notch chaebol group?
Unlike the shining glory of the past, the group is currently only in the top 50 of the financial world.
Nevertheless, I strongly felt that the governance structure of affiliates was a bit lax, as President Yoon Su-yeon pointed out.
On the other hand, Hyeon-jun also had other questions at the same time.
CEO Yoon Soo-yeon said earlier that her ex-husband took away all the shares inherited from her father. Still, the borrowed-name stake remains…
Perhaps the borrowed-name share is the share that Chairman Seo Seok-kyu’s father temporarily entrusted to a business partner.
So Hyun-jun immediately started asking questions.
“Then, by any chance, is there any problem with the ownership of the shares?”
Then President Yoon Soo-yeon showed a little strong energy in her eyes, and then she shook her head.
“yes! There is not. We also received the final judgment not too long ago.”
“yes? How about the final verdict?”
“There was a legal battle. Fortunately, I won the final case.”
“Oh, I see.”
However, Hyun-joon soon became suspicious again. If such a great ruling came out, it would have been widely reported through the media.
I’ve never seen anything like that myself. Of course, you may not have been busy with other things.
Still, in case you didn’t know, Hyeonjun asked again.
“So, did that become an article?”
“no.”
“yes?”
“It seems that the Sangmoon Group blocked it.”
However, Hyeonjun slightly frowned.
Can you stop it in this day and age?
not.
If you think about it again, if President Yoon Soo-yeon kept her mouth shut without making it an issue, there would be no way it would be widely known to the world.
In other words, it was clear that President Yoon Soo-yeon did not inform the world about it.
“Then the boss means that he will sell the stake. Then maybe here…?”
“yes. you’re right. Originally, before contacting Professor Choi, I was thinking of asking for help from the people here. Because it’s so big and so important, it’s not easy to sell such an important stake. Also, because I wanted someone to listen to one condition I wanted.”
What are the conditions President Yoon Soo-yeon wants?
What is it?
“I think that the person who acquires my stake must take over the Sangmoon Group. That’s my condition. So, if you need anything for the job, I’m helpless, but I want to do my best to help.”
Ah, that was the purpose.
It is said that if a woman harbors resentment, there will be frost in May, and that was exactly the situation.
revenge on ex-husband
Well, President Yoon Soo-yeon now has enough strength to do so.
It is said that the main stake is 16%.
“Actually, before Professor Choi suddenly appeared, I was thinking of jumping into the acquisition myself, even though it would be very difficult with the help of the people here. However, there were also many problems. The scale of mobilizing additional funds is also a problem, and we need to be somewhat conscious of the eyes of the public. Fortunately, I heard a lot about Professor Choi through Professor Jang Byung-se. Perhaps, if you are interested, and if you promise to fulfill my conditions, I may hand over the share. And these are the people who have helped me manage my equity or have been business partners with me. It may be of great help to Professor Choi in many ways in the future.”
As such, Hyeon-joon, who had been silently listening to President Yoon Soo-yeon’s words, still had a strange idea.
Even if he heard this and that about himself from Professor Byung-se Jang, it was a very unexpected situation.
However, after hearing the additional explanation that followed, Hyeonjun nodded his head.
“In Korea, I think Professor Choi is the person with the greatest ability to mobilize cash outside of banknotes. And I think Professor Choi is also the one who has such enormous assets, but does not have an organization suitable for it. The professor has always been interested in the company. I believe that it will be able to grow even bigger in the future. So, I decided that if the professor had the will, I could get my hands on the upper class group.”
So Hyun-joon appeared at a very exquisite point in the future of President Yoon Soo-yeon.
Hyeon-joon got to know President Yoon Soo-yeon at a very exquisite point in time, and their mutual interests were firmly aligned.
In fact, starting and growing a company from scratch is bound to be a very difficult task.
So, don’t most companies grow their corporate appearance at once through corporate mergers and acquisitions strategies?
And in fact, through such a process, it is possible to have a very strong market grip in a short period of time.
Maybe this could be a very good opportunity for Hyun-joon.
In particular, Hyun-joon was secretly greedy for [Sangmoon Securities], an affiliate of the Sangmoon Group.
It is because a golden opportunity to take over a securities company appeared, as did Yoo Jung-wook, CEO of [JU Investment].
Then what should I do?
Hyun-joon’s worries deepened from then on.
First of all, the conditions seemed to be very good.
In particular, seeing that even Vice President Jeong Il-seo of Sangmoon Group is following President Yoon Soo-yeon, it means that insiders are also involved.
It was a very good suggestion that there was a lot of room for help in acquiring a group, not just a company, and participating in group management.
However, even so, Hyeon-joon could not readily answer.
I needed to check a little more legal part.
So, Hyun-joon immediately got on the phone with Attorney Son Byeong-ho the next morning.
