The Chaebol's Youngest son MTL - Chapter (73)
Episode 73.Baeksan Group in preparation for the crisis.
Future Group.
“Call this director.”
Chairman Lee Moo -ryong pressed the interphone shortly and reopened the morning newspaper.
He sighed, and he distorted the newspaper.
“President.Did you call it? ”
Lee Min -cheol, head of the Strategic Planning Division, opened the door and came in lightly.
“Sit here.”
At the direction of Lee Mu -ryong, Lee Min -cheol glanced at the title written in a crumpled newspaper and sat opposite him with a heavy look.
“Have you seen the newspaper?”
“yes.I saw it this morning and I turned around the phone here and there, and Daehyun Group provided information.I reported to several newspaper broadcasters as if it didn’t matter in our group. ”
Lee Mu -ryong squeezed his fists and trembled.
“What is the atmosphere?”
“There is already a bad public opinion.In the evening, I will talk about this part in the broadcast, and later I will expand this part in various newspapers and broadcasts. ”
Lee Mu -ryong shut up.
I just talked a few words with Lee Min -cheol, but now it’s drawn in my head how the situation will go back.
“How is the exchange rate?”
“I keep going up.It is still still on, but if you have to prepare for the situation.Already, personal currency exchange, including Myeong -dong, is reducing the volume.As they are most sensitive to exchange rates, it means that the situation is not better. ”
The export was a future group, so the financial status worsened when the dollar rate rose.
“Huh, then do you want to take over Asong Motors in Daehyun?”
“That’s a little weird.There is no movement. ”
At that time, Lee Mu -ryong’s face hardened and poured out rough swear words for the first time.
“I don’t want to eat others, but I don’t want to eat others.Even if you can’t help you, you should not at least grab your ankles.The first place in the business world is ashamed.I’m embarrassed.”
Lee Mu -ryong shook his head because of his darkness.
The car was his long dream.
Although he established an automobile company, he could not bring domestic technicians due to the opposition and subtle objection of domestic automakers, including Daehyun, and inevitably brought Japanese technology and technicians.It was a situation.
On the other hand, the market share was inadequate.
Lee Moo -ryong thought that the acquisition of ASEU was an escape, and Daehyun Group grabbed the ankle.
Even if it was the same last year, it could boldly attract loans, but now the economy is the worst.
No, if it was the same last year, Shing Motors would not have collapsed.
“Once you have a public opinion, let’s reverse the situation.You can’t retreat like this. ”
“yes.President.”
Lee Min -cheol stepped down.
Lee Mu -ryong was sitting in his seat.
“I’m unhappy.”
It was a word that flowed out of his mouth for a while.
When I worked in the future group, I was steadily interfering with the Daehyun Group, but this was the same with this.
Lee Mu -ryong took out a cigarette and bite it in his mouth.
The end of the cigarette rose red and tried to shake off the frustration of the chest through the smoke.
**
Han Do -young was called by Han Chung -sik and headed for Baeksan Construction.
Baeksan Construction.
As I entered the representative office, Han Chung -sik was in close talk with Hong Kun -hee.
“Uh, come here and sit.”
“yes.”
Han Do -young sat on the left side of Han Chung -sik.
“Do Young.Did you hear it?Ash’s car is dangerous. ”
“yes.It is likely that it is likely to go to bankruptcy. ”
“I heard it.It’s really shocking.It’s a crisis of Bado Motors.Isn’t this a light in the dry sky? ”
Although it has been calm in many large companies, it has been calm, but as the possibility of the default of Ash’s Motors, the possibility of the possibility of the default has increased and the complexion has changed.
“Can I tell you my thoughts?”
“yes.Speak. ”
Hong Kun -hee was flawed and trimmed his mouth and opened his mouth.
“It is hard to see if it is going to be a bankruptcy or normalization, but I think the government will not be still as soon as the situation is not unusual.The problem is the attitude of banks.The fact that the bankruptcy of Lowsong is possible has flowed to the outside, which means that the bank will make a new loan more prison and spur the number of existing loans. ”
Hong Kun -hee’s cold analysis was frowned upon by bursting moan.
On the other hand, Han Do -young looked at Hong Gun -hee with an interesting expression.
Hong Kun -hee turned to Han Do -young after Han Chung -sik and looked hard.
“Han Do -young is not surprised.”
“I’m surprised too.Please keep talking about Hong.I will listen. ”
“is it so.What do you think like a car? ”
“To say my personal opinion …
Hong Kun -hee stopped talking for a while with a heavy look and opened her mouth.
“In the end, I think it’s going to be a bankruptcy.The government will try to save it, but Shing Motors is not easy.It’s so different from other companies. ”
“If other groups move as a general manager, Showa is a national company that moves as a professional management system?”
Hong Kun -hee made a stupid expression in the sharp point of Han Do -young.
“What do you mean?”
Han Chung -sik did not notice the meaning of Han Do -young.
“father.If other groups face serious problems, such as Shing Motors, the government and creditors and the head of the company can resolve their heads.For example, I told President Jang Deok -soo to retire with the president of the steel railway bank.If Chairman Jang had resigned, he would not have had a bankruptcy.Of course, it would have been difficult to avoid harsh restructuring. ”
“so?”
I still didn’t know exactly.
“Asong Motors is a national company.In other words, the largest shareholders are employees.Will they approve it, the largest shareholder when the company’s head of the government and creditors accepted the demands of the government and creditors to overcome the crisis?It will not.Because the approval conditions will follow harsh restructuring.It’s impossible to get your job flying when you approve. ”
“Hong.that’s right?”
“yes.I think so too. ”
“ha.”
Han Chung -sik still shook his head.
I knew that Han Do -young was smart, but now he was playing on the top of Han Chung -sik’s head.
But I couldn’t keep sighing, so Han Chung -sik woke up.
“Hong.Then what will happen afterwards? ”
“I didn’t think about that.However, negotiations between Shing Motors and Government and creditors will be sluggish, and the unbearable creditors will defeat Shing Motors.In this situation, it would be hard for other companies to take over Asong Motors.There is a rumor that the future has already been a willingness to acquire due to the interference of Daehyun. ”
Han Chung -sik nodded and turned to Han Do -young.
“Do Young.What do you think will happen? ”
In the question of Han Chung -sik, Hong Kun -hee also looked at Han Do -young with his eyes.
Han Do -young was burdened with their eyes, but it was not bad to show their abilities for this opportunity.
“I will be a public opinion.Anyone who is the only one who must save the national company will not be able to speak against it.Bohan Steel was sold as a garbage of the world, but Asong Motors will take time to make Korea very disturbed based on the image of a national company.The government and creditors will miss the best timing to save the Korean economy, and in the end the Korean economy will fall into the worst.I understand that they are struggling to live, but in the end that will drive Korea more crisis.Then you die. ”
“Do you die?”
Han Chung -sik asked for a thirst, drinking water.
“Thailand’s Baht is now plunged, and soon Indonesia and Malaysia will be in distress.The crisis is a signal that tells hedge funds that Korea is a good food.In 1994, the Mexican economy collapsed due to the financial crisis, and Korea is likely to be. ”
“Then what is the countermeasure?”
Han Chung -sik continued to ask questions as if he was obsessed with something.
“I have to put up the bankruptcy.And restructuring must be performed.Although Shing Motors has been praised as a national company, the total number of companies is no different from any other chaebol total.It will be revealed later, but like Bohan Season, Asong Motors would have been accounting for trillions of trillions of accounting.Just said, “We are not a chaebol,” but in fact, the act is not more than the chaebol. ”
Han Do -young shook her head.
“President Do -young Han.”
“yes.”
“Did you predict all this situation?”
Han Do -young first saw Hong Gun -hee’s surprised expression.
I have been excellent as a manager, so I thought it was okay to reveal this view, but it seemed to be ahead.
Han Do -young shook her head slightly.
“Is it prediction?Can’t you do that?I just made a reason for seeing the recent situation.Anyone can do this reasoning.Isn’t it? ”
“It’s just different to produce new information by combining information and fragmentary information.Han Do -young seems to have the best power. ”
When Hong Kun -hee praised Han Do -young, Han Chung -sik smiled.
In some ways, it could have been seen as a competitor, but for Han Chung -sik, he was proud of his excellent son.
Hong Kun -hee looked back at the two and opened her mouth.
“Although Han Do -young’s opinion is a bit extreme,There is no possibility.I also think that if Shing Motors moves like that, the crisis in Korea will be very deep.We need to prepare for the future crisis while collecting cash. ”
“Oh, for a while.Hong.You have to collect dollars.That way, it can be said to be a true crisis.Already Thailand has begun a foreign exchange crisis, and Malaysia and Indonesia are a matter of time.There is no guarantee that Korea will not burst, so it’s right to prepare for the dollar. ”
“okay.”
Han Chung -sik immediately replied.
In the past, Han Do -young advised me to collect the dollar, and I remembered that part.
At that time, it was a long -awaited family, but now it was not possible to deny that “there is no foreign exchange crisis in Korea.”
In contrast, Hong Kun -hee shut up.
Hong Kun -hee was managing Baeksan Group on behalf of Han Duk -sik, when the management rights of Baeksan Group were not over to Han Chung -sik and Han Do -young.
“Hong.”
Hong Kun -hee woke up from the thoughts.
“I think it’s a good idea to increase cash and dollar weight.”
Hong Kun -hee actively agreed with Han Do -young’s crisis, but he was negative for the foreign exchange crisis.
It wasn’t easy to collect dollars.
All dollars that were exported and received were automatically exchanged by the bank.
Then it meant to be collected, and it was a burden considering the exchange fee.
Of course, if the foreign exchange crisis bursts, the dollar will be wings to the Baeksan Group.
However, if the crisis continues as it is without a foreign exchange crisis, it will be unnecessarily flying.
Han Do -young no longer claimed.
I thought it was enough if I warned.
‘Baeksan Group will be waters during the financial crisis, but it will still be overcome compared to other groups.’
**
The government and creditors were busy.
They were hard when they went bankrupt.
Since then, the government has not been involved in the market even when Sammi, Samlip, League, and Career Group collapsed, but when the eighth largest in the business world was in a crisis, it changed its strong attitude.
The government and creditors faced their heads every day and took measures.
July 5th.
The government and creditors faced management to solve the problem of Shing Motors.
It was very unusual in their tough attitudes.