Chapter 37

“What do you mean? Norkid Martin refused to renew the contract to supply parts.”

The first words I heard upon entering the headquarters were about the troubles that occurred in Aerospace.

More precisely, the news that Nokid Martin will no longer recognize Aerospace as a supplier of parts.

Because it was such a sudden event, I can’t picture the whole of the situation in my head.

“Did you know that Hyun-cheol returned from Ukraine the other day?”

“Yes, I just heard the news. But why?”

“Then do you know about the merger agreement?”

“·················ogue.”

That was an unknown issue.

Jin Hyeon-cheol is not the first person to tell me that fact.

Because I couldn’t afford to pay attention to Aerospace right now in my busy yard.

But what does the success of the contract have to do with this case of Nokid Martin?

“That’s a good thing. But why is that problem…”

As I spoke, a thought suddenly crossed my mind.

The fact that US airlines are the ones we will be most concerned about when we take over Motorsich.



Maybe the pressure started as I expected.

“Is it because of the merger?”

“For now, there is no other way to explain it. In the meantime, there have been no problems, and it makes no sense to suddenly notify us of non-extension when the contract renewal was only six months before.”

In my opinion, there is no other answer to the sudden notice of non-extension.

Seriously, this is a situation similar to how Samjeong touched the CPU design field, which is a staple in the US, and there is no way we can just let it go.

“However, even without announcing the merger, to that extent… But where is your brother now?”

“Hyun-cheol is trying to negotiate with Nokid Martin. The problem is that they don’t want to talk at all over there.”

Apparently, the judgement was twisted.

It doesn’t make sense in common sense to refuse to talk to a company that has been doing business without any problems in the past without explaining the reason.

In this situation, the only way to try to have a conversation with them is to put an object that they can’t refuse in the end.


“Wait.”

I apologized for a moment, then looked at my watch.

Fortunately, Washington is also awake by now.

As soon as I tried to talk to Michael, I looked at Chairman Jin again with a sense of urgency.

“By the way, are you all right now?”

“It’s gotten a lot better, so don’t worry.”

Looking back, the complexion looked a lot more comfortable than before.

However, what is this dread that does not go away?

In particular, sitting on a chair and not seeing any movement is somewhat suspicious.

“I don’t care. Do whatever you want to do.”

“Ah! Then wait a minute.”

After hearing that, I got up and called Michael.

A few times for the signal to go.

Soon, a familiar voice came from the other side of the receiver.

[female! There are times in my life when Mr. Jin calls me first.][I’m sorry for contacting you all of a sudden, but I have something to ask you.][Mr. Jin has something to ask of me, so this makes me nervous. Say it, I’ll listen to it if I can in my line.]

The call with Michael went on for a while.

The funny thing is that, unlike the beginning, his voice is getting weaker and weaker.

In particular, when the word motorshichi appeared, he let out a sigh as if something was coming.

[Tttttttt, that’s how things ended up. Actually, I was very worried when I heard the news that Jaewoo Aerospace was trying to absorb Motorsic. Should I dissuade this or not?][I know what you want to say. But is there no way around this situation?][It will probably be difficult on my line. As Mr. Jin knows, the power of US military companies is not formidable. If I had been there, would I have asked for such a request the last time I imported AP shells?][If so, how about we abandon the merger?][Actually, I was hesitant to get it out of my mouth, but that’s probably the best way for now.]

Seeing Michael, who has a keen eye on the movements of the US military industry, spoke so firmly, the answer seemed to have been decided.

I tried to hang up the phone to inform Chairman Jin of the countermeasures as soon as possible, but he continued.

[Actually, it was a car that I had heard before that Nokid was concerned about Korean technology.][For what?][A supersonic advanced trainer currently being jointly developed by Nokid and Samjong Air. I started to be wary when I saw that Korea’s aviation technology, which I had only thought of as a joke, was not formidable. In the meantime, would you feel comfortable saying that Jaewoo also took over Motorsichi? Anyway, I’m sorry that there is nothing I can do to help.]

Michael hung up the phone after repeating that he was sorry over and over again.

Proof that the situation is more serious than I thought if he spoke like that.

Once I thought it was important to cut off the buds in question, I immediately told Chairman Jin.

“For now, we give up the merger. We don’t know if we have the power to fight them, but that’s the only way for now.”

“The intention to abandon the merger has been communicated immediately. I also informed Motorsic that it wasn’t there this morning because I wanted to doubt the sincerity.”

“You mean you don’t even budge?”

“So the problem is serious. Damn, what the hell is this going to be?”

If that was the case, it meant that it wasn’t just meant to scare you.

Then, it means that the situation will not end just by not being able to extend the contract.

Suddenly, an ominous feeling lifted his head.

“Ttt, it’s my fault in the end. It was against the heart of the American military company with such a shaky subject at one time of coughing…” . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Chairman Jin blamed himself for not foreseeing this situation.

No, I wanted to, but I didn’t know that pressure would come in such a certain way and in such a short period of time.

In fact, even for me, I am embarrassed by their overly fast movements.

“President!”

Just then, one of the secretarial staff knocked on the door in an urgent voice.

The female secretary who came in immediately turned on the TV in one side of the office, and the news that was just airing was about the termination of the parts supply contract between Nokid Martin and Aerospace.

“How can you do this so quickly…”

She looked at Chairman Jin with an absurd heart.

As if there was something to point out, he spoke without any change in expression.

“It must be the work of Nokid. Ttt, are you going to see the end of this? I am worried about the future.”

“·················ogue.”

******

The next day, Chairman Jin’s concerns surfaced from the stock market.

As Aerospace’s stock price started hitting bottom in an instant.

Of course, the effect began to extend to Thales, the holding company, and in the end, the stock price of Thales, which had been holding on to the good news, plummeted.

“The decline is too steep as the short selling forces are also attached.”

Perhaps most of those short sellers are of American descent.

In other words, it is the work of the forces associated with Nokid Martin.

It seems that they are determined to step on us, who may become competitors in the future.

“On a day like this, when hot money even jumps on the short selling….”

At the executive meeting, which was held urgently, the decline in stock prices was the topic of discussion.

Because of that, Jin Hyun-cheol’s position is not in a state of words.

Perhaps because he was conscious of that, he ended up not attending even a major executive meeting, and was only focusing on convincing Nokid Martin.

“For now, I think we should try to repurchase and cancel treasury stock even in some quantities.”

The atmosphere became somber at the words of the Director of Finance.

It seems that they too felt a sense of shame in a situation that was significantly different from just a while ago.

However, at that time, Thales CEO Yoon, who had been listening the whole time, suddenly waved his hand and expressed his objection to the opinion.

“The buyback and cancellation of treasury stock will only be a temporary solution,” he said. Looking at the pressure that is so severe right now, it is saying that the tight short sellers are not in a place with mediocre capital, but will it be effective for a few days?”

“Then, President Yoon, do you have any other measures?”

The finance director asked CEO Yoon with a frustrated expression.

At that moment, CEO Yoon looked at Chairman Jin, and then Chairman Jin’s head gently nodded.

“First of all, the CEO of Aerospace is responsible for this situation. If you look at it, it cannot be said that it is the fault of CEO Jin Hyeon-cheol, but in the end, it was like that. So, if we want to correct external complaints, we also need to take a gesture to reassure the market.”

“which······.”

“First, we will have to make a decision to fire CEO Jin Hyun-cheol from Aerospace. At the same time, the chairman should step down from the management for a while and put up a certain face that will stabilize the market.”

“·················ogue.”

For a moment, everyone in the hall looked at me as if they had promised.

Embarrassed, he turned his gaze to Chairman Jin, but he only kept his eyes closed.

“Then you want to make Hyunseung Jin the face of the company?”

One of the directors asked and listened.

“That’s right. As you all know, Hyunseung Jin’s influence on Thales has been enormous. The market knows it, of course. Wouldn’t it be enough to reverse the mood if, on this occasion, Jin Hyun-seung, the managing director, was recognized as the sure successor of Thales to the outside world?”

“But it doesn’t make any sense for the president to step down!”

Many of the directors objected to that statement.

Then, CEO Yoon spoke again with an expression as if he knew that it would.

“You seem to have misunderstood, but that doesn’t mean you should completely remove your hands from the president.”

“If the president does not step down, how can you claim that it is management innovation? You might even hear people say that they are blindfolded.”

“Of course it could be. However, if the head of the group changes overnight, I think it can cause even greater side effects. So, I wondered how to give a signal to the market by dramatically raising the stake of Jin Hyun-seung. As I said before, I want to give you the belief that at least the succession structure has been confirmed.”

“That means we want to transfer the stake of the Chairman to Executive Vice President Jin Hyun-seung again. How much is it?”

“At least 10 percent. That’s a big difference from the 3rd largest shareholder, so it’s enough to recognize him as the successor.”

CEO Yoon immediately looked at Chairman Jin and said:

Maybe it was a promise?

Chairman Jin, who had his eyes closed the whole time, at that moment gave strength to CEO Yoon’s words.

“Not a bad idea.”

“·················ogue.”

A look of embarrassment flashed across the people’s faces.(Read more @ wuxiax.com)

However, Chairman Jin did not care about them and asked CEO Yoon again.

“Then what percentage of Hyeonseung’s stake will be in total?”

“Currently, Jin Hyun-seung’s stake in Thales is 12 percent. If the president transfers 10 percent, we can secure up to 22 percent.”

If that happens, it will give the market a clear signal.

There’s nothing better than having someone you trust as your successor.

If that is announced, it could be an excuse for friendly forces to launch a counterattack.

“I agree.”

At that time, one of the directors voted in favor of CEO Yoon’s argument.

Starting with him, positive glances came and went, and the atmosphere began to flow toward accepting CEO Yoon’s argument.

“I have no intention of opposing President Yoon’s argument. However, in order to catch the sharp decline in the stock price right now, we must first try to reverse the mood by buying back stock.”

The finance director eventually insisted on a treasury stock buyback.

Well, actually, it’s not certain that it will boost the stock price in the short term.

Just as he was about to nod his head, CEO Yoon came out again.

“I know what you mean. But if you burn all the stocks you buy, isn’t it the same as throwing money into the air? Do we have enough money to do that?”

At that point, the finance director was speechless.

The atmosphere was somewhat muffled.

I pulled up the mic, thinking it was an opportunity.

“It is not a treasury stock buyback, but it is possible to buy a major shareholder.

“……”

“I don’t think it would be a bad idea to increase the stake a little more if I was in a situation where I was already the face-to-face. In that sense, if several directors allow it, I will use my own money to purchase some. So, wouldn’t the treasury stock buyback have any effect?”

Actually, I didn’t want to take advantage of this situation.

However, if you just pass this chance given by heaven, that would be foolish.

“That’s fine. Buying a major shareholder is actually a good thing. In this case, there is nothing legally involved.”

The finance director said with a smile.

At first glance, Chairman Jin’s expression was not too dark.

Then he looked at me and asked.

“Do you have money to buy?”

“That’s it, doesn’t the president know better?”

“Hmm, what is that…”

Can you make nuclear weapons too?

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