Chapter 59

In fact, it wasn’t entirely unlikely.

At this time, KAI had just been launched after going through the process of integrating the three airlines, and if it goes on condition that the government guarantees a certain share, a deal is possible.

‘How much is our reserve?’

As the thought ran through him, he became curious about it.

The good news is that the recently opened businesses have produced results and a lot of money has been accumulated.

No matter how difficult it is, the amount to acquire KAI will be sufficient.

Whoops.

Just thinking about it, I set out to understand the current status of the accumulated reserves.

When I turn on my laptop and go into the company’s computer network, the first thing I see is the progress of Jae-woo’s businesses.

Exports of AP shells and smart shells and the quantity supplied to the Korean military.

The progress of the attack helicopter development project and the current status of the HVP construction project.

Unusually, the progress of the Hyunmoo ballistic missile development project and the development of materials for fighter parts. And the anti-aircraft missile development project with Russia was missing, which is probably because it is a secret business.

‘Reservation item is….’

Scroll down and click on Financials.

What caught my eye in an instant was the history of a huge amount of reserves.

Just in case, I checked it over and over again.

“Section 3?”

The amount exceeded my expectations.

After all, the dollars I received and the amount of exports. And how much money is coming in through military deliveries?

Moreover, since all of the recently exported items had an operating profit margin of close to 30 percent, the rate of accumulation of reserves must have been exponential.

‘Even in a situation where there are a lot of things that have not been completed yet, if it is this amount of reserve….’

When I saw the size of the overflowing reserves, my greed rose again.

If you don’t have money, you don’t know, and if you have a reserve of 3 trillion won, wouldn’t it be natural to be greedy about business expansion?

The problem is that the more realistic business fields in between keep attracting attention.

‘Actually, even if we take over KAI right now, there is no way to get out of the deficit for the time being. Moreover, it is not easy to go through consultations with the government. Then what about it? Would you rather make a deal after the in-house development is confirmed? In the meantime, I’d rather expand into other fields…’

Thinking about it, I thought it would be okay.

If you don’t know how many years it will take anyway, it’s better to divert the money to another place in the meantime rather than just sitting there.

In the worst case, consultations with the government for KAI may proceed faster than expected, resulting in financial pressure, but in that case, you can mobilize your personal funds.

‘By the way, how much profit is the lab?’

After checking it out, I thought that this time I would like to check the profit of the research institute.

He couldn’t even look at the financial reports that were recently posted on the pretext of being busy.

The moment I opened the encrypted file and looked at it carefully, my eyes opened.

“The operating profit of the research institute exceeded 1 trillion won?”

I looked at the items in surprise.

It is experiencing explosive growth every month due to the private supply of carbon fiber and other materials.

In addition, the increase in demand for military semiconductors with the development of HVP occupied a large share.

‘Then what will happen when HVP is fully implemented in the US?’

Perhaps at that time, the profits of the institute will jump a few more steps.

Military semiconductors, one of the key parts, and some parts were not from Jaewoo, but from the research institute anyway, so they were excluded from the technology transfer item at the time of the negotiation.

After all, they all have to be imported from us, because the amount will be at least trillions of won.

In fact, it is true that it is regrettable for the United States, but what can we do?

Jaewoo and the research institute are completely separate things.

“Hmm······.”

Come to think of it, the amount of money coming from Samjeong wasn’t too bad.

The amount that has already been deposited as royalties alone is about 400 billion won.

Considering Samjeong’s stormy growth, it may be possible to deposit several trillion won in money by next year.

‘In that case, I don’t think it would be too much of a problem to try to expand to another place first….’

Suddenly, such a thought crossed my mind.

3 trillion won in reserves.

And 400 billion of my personal funds.

No, anyway, the funds held by the research institute are actually money that I can move, so personal funds alone amount to 1.4 trillion won in total.

Then, the amount of money I can move is actually 4.4 trillion won, and that’s enough to acquire two or three companies in this era.

‘Then what’s left is which field do you try to expand into first…’

In fact, that part has already been answered.

A defense company specializing in the ground sector that has already secured a solid profit structure.

And a heavy industry company that I need in the future.

Namely, Samjong Techwin and Wooyoung Heavy Industries.

‘Yeah, first of all, I have to bring the K9.’

At this point, the reason I wanted to make the K9 my own was because of the huge amount of future deliveries and exports to the Korean military.

Even if you don’t know right now, the K9 is the only thing guaranteed to have one performance so that it will open the way to export to the world in the future.

In particular, before Germany imposed a ban on the export of domestic power packs to some Middle East regions.

If only Techwin can be acquired from Samjong, exchanges with allies in the Middle East, which started with the UAE as a foothold, can be greatly expanded.

Where is the only place, historically, all of the countries we have exported K9s to could be target countries.

‘The problem is the power pack…’

That part will definitely be a stumbling block.

Well, in this day and age, it is okay to export with a German-made power pack, but in the future, if we do not develop our own, there is a high possibility that the export will be canceled due to problems due to the political interests of each country.

Actually, that’s why we need Wooyoung, and that’s why he put his name on the list of arguments.

Before returning, precisely when Germany’s Middle East sanctions blocked the export of K9s with their power packs to the Middle East.

Wooyoung obviously developed the 1000 horsepower engine for the K9 based on the 1500 horsepower engine he developed for the K2 tank, and I already have that technology.

Well, the transmission will still be a problem, but that part is a task that needs to be resolved gradually anyway.

‘Wooyoung is needed not just for that reason. turbine for power generation. I have super-heat-resistant alloy technology that is more advanced than Wooyoung will develop in the future, so I can stand shoulder to shoulder with advanced countries right away in that field. Then, in fact, the private sector market worth tens of trillions of won has been opened.’

Whoops.

When I made a decision in my heart, I felt relieved.

So from now on, what I need to do is convince Chairman Lee Yong-moon.

I immediately called him and made an appointment.

******

“Come here.”

A few days later, Chairman Lee Yong-moon and I met at a hotel in Gangnam.

The conversation that started as a simple chat at first developed into something about the succession of the successor of the Samjeong Group, and after a long time, we brought out the main topic.

“Are you still thinking the same thing you said before?”

“What do you mean? Ah! Are you going to clean up the dissipation part? I still think the same thing, but why all of a sudden?”

“I was wondering if you had any intention of handing it over to me.”

“·················ogue.”

The president looked dazed for a moment.

It was as if he was embarrassed when the words he had uttered came to reality.

After being silent for a while longer, he suddenly burst into laughter.

“I thought this day would come, but I didn’t know it would come this fast. But wouldn’t the acquisition cost be insignificant? As you all know, the K9 has been in full force for a while.”

“I know. So, I’m trying to say something to the president that I feel sorry for. In fact, there is a limit to the capital we have, but there are many companies that we need to acquire.”

“·················ogue.”

The president looked at me quietly.

“I mean, rather than making a disappointing sound first, I have to work on cutting it down first. They say that the price will be cheaper if you check the other party’s goods before the original transaction.”

eating.

Chairman Lee, who let out a laugh, raised the teacup.

In the meantime, I started to bleed in earnest.

“There are about 100 companies participating in the production of the K9. Simply put, there are too many people with forks. Hani, there is no real answer to selling for a while.”

“Go on. I am listening.”

“Besides, Samjong is not in the mood for semiconductors alone. As the president said before, what happens is a bit of a mess, but I only care about it.”

“Is that the same for you? Even if we pass Techwin, is there any sharp edge to increasing profits?”

“As a matter of fact, as sales increase, profits increase accordingly. Therefore, I plan to increase sales to the extent that it cannot even be compared with now through the improvement of the K9.”

“Considering the timing of the completion of the delivery of the military, a noticeable increase in production is impossible right now.

Again, the chairman was quick to judge the situation.

As he nodded his head, he smiled softly again.

“It’s an improvement of the K9……Okay, the justification is enough, so let’s present the amount now. You don’t need to know how much you’re thinking of giving me, so you’re blaming me.”



“I’m sorry, but I have no intention of giving you any money.”

“·················ogue.”

A look of embarrassment crossed his face.

But the reason I don’t say anything right now is probably because I know I’m not the bullshit type.


He slyly placed a briefcase on the table, and he looked at it quickly.

“Isn’t this the status of Jaewoo Group’s distributors? Why are you doing this here?”

“Exchange. Jaewoo Distribution and Samjong Techwin.”

“·················ogue.”

“I did a rough calculation of profit and loss, and it is true that the president is at a loss.”

“You call that a word? This isn’t just a loss… To be honest, it’s distribution. Do you know how much your Techwin is worth?”

“If you include affiliated chemical companies, we know that it is worth about 3 trillion won. And the value of the distribution of Jaewoo never reaches that level. But you have to think about the location of the department store. The fact that both places occupy the yolk land in Seoul.”

“·················ogue.”

In fact, the business exchange was not originally planned.

Then at some point it struck me like a lightning bolt, and it followed the thought that it wasn’t very unlikely.

And the bottom line is that if this deal is successful, a huge amount of cash can be saved.

I’m trying to get this to work somehow now.

“haha······.”

Of course, it is not a waste to pass the ground.

However, it would take at least 20 years for the land to rise in price to the extent of its exchange cost with Techwin.

In that case, it is better to pass it on for now and invest elsewhere.

It’s land anyway, because if you have the money, you can buy it again.

“But would it be possible for a board of directors to pass this kind of corporate exchange?”

“It is up to the board of directors to convince them.”

“In what way?”

“Isn’t it up to Chairman Lee Yoo-ya to make it? If it doesn’t work out, it wouldn’t be a bad idea to use the government’s excuse for the ongoing corporate consolidation as in the case of Samjong Air. The government has requested the merger of the defense industry of Samjong and Jaewoo.”(Read more @ wuxiax.com)

“·················ogue.”

The president’s eyes widened for a moment.

Soon he shook his head and sighed as if exasperated.

“It sounds like you’re going to pressure me through the government if I don’t give you Techwin.”

“Please, I’m just telling you that there is a way.”

“There’s no such thing as being so naive. Because I know better than you are. By the way, I thought I was going to come out with my son.”

“What else is that…….”

“Did you miss a good sight? An opportunity to intuit how to negotiate to be successful.”

“·················ogue.”

“This friend is still skeptical. Is there any chance that this negotiation will go awry when I’m on a leash with you right now? In other words, did you ever think you were going to lose this deal?”

“no.”

I immediately answered him to be honest.

Chairman Lee, who showed a sarcastic laugh, was sullen and savored and continued the conversation.

“One thing for sure.”

“Say it.”

“Whether it’s to convince the board of directors or anything else, I’ll take care of it, so just sign the paperwork.”

“·················ogue.”

“If we succeed in developing the 45-nano process, we will again select Samjeong as the priority for technology supply.”

“Isn’t that what you promised?”

“That is a promise made by mouth, and I want to make sure it is documented. Who can say that stupid words will change your mind or not?”

His impatience was palpable.

It is not unreasonable to say that Samjeong-eun has no competitor in the memory field as well as the foundry field.

It’s in my hands to keep it or not, so it’s natural to be anxious.

“I do that.”

The president was taken aback by those words.

I’m sorry, but as long as the issue has been discussed anyway, I’ll have to move on with what I have to say.

“However, the 45-nm process will have a slightly different royalty scale from the 90-nm process.”

“·················ogue.”

“Why do you look like that? No matter how much I have a partnership with Samjeong, I have to earn as much as the punishment.”

“Have you calculated how much money you will make in the future with the 90nm process? To be honest, I mean, do you know that in three years or so, your personal assets might be in the top three in this country?”

“In the meantime, you have to consider that the scale of Samjeong will grow enormously.”

He pursed his lips and looked at me.

When he wonders if he’s offended, he clicks his tongue.

“·······Ttt, no matter how much I think about it, I should have brought my son.”

Can you make nuclear weapons too?-60

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