Chapter 215
Chapter 215
I went to Yongin with Taek-gyu and Ellie for the holiday.
Ellie took the steering wheel, I sat in the passenger seat, and Taek-gyu sat in the back seat.
“What are you going to Yongin for?”
Unlike her usual black suit, Ellie wore a white sweater, a bohemian skirt that reached her ankles, and Boeing sunglasses.
“Chairman Jin-yong Lim asked to see me.”
“What happened?”
“It’s a little late, but I’m giving you a Christmas present.”
Ellie tilted her head.
“What kind of gift is it that you have to come to Yongin?”
Taegyu said.
“Isn’t that the point of giving you an annual membership to Neverland?”
“No kid.”
How long will it take to get it?
The place we arrived at was the circuit attached to Neverland. This place is also owned by Seoseong Group and is used for occasional racing events, corporate events, and new car unveiling events.
Chairman Im Jin-yong, who had arrived first, greeted us.
“You worked hard to come.”
“What.”
“It’s cold, so let’s go inside.”
We followed him into the circuit.
When Chairman Im Jin-yong pressed the remote control, the garage door opened. There were numerous cars on display, as if reminiscent of an automobile museum.
We rolled our eyes.
At a glance, it looked like there were over 100. There are no domestic cars, all of them are foreign cars. There were various types of cars, from supercars boasting elegant curves, huge sedans, and recently launched cars to classic cars with old age.
Rolls-Royce Phantom, Ghost and Wraith are side by side, and the Porsche 911 is by generation color. There are not a few cars that are hard to find in Korea, such as Bugatti and Alfa Romeo.
Taek-gyu asked.
“What are these cars?”
“They were collected by my deceased father.”
The late Chairman Lim Il-kwon was famous as a car enthusiast.
According to one theory, he relieved stress by going to a nearby Porsche or Bentley store while working and buying a few cars.
He loved cars so much that he later went into the automobile business. At that time, before the International Monetary Fund (IMF), Eunsung, Daehu, and Cheongryong were in business, and domestic demand was already saturated.
As a result, there was a lot of concern from politicians. However, Chairman Lim Il-kwon did not give up, and eventually launched Suseongcha. And within a few years, it collapsed and was taken over by Renault.
His chairman’s hobbies are a good example of how the company was ruined.
Well, after I bought it and hit it, I didn’t sell it anywhere else and grew the former this much, so it was a good thing in the end.
Taek-gyu said with his arms crossed.
“Is it similar to collecting plastic models and figures?”
“What… … .”
If it’s similar, it’s similar, but isn’t the amount too different?
“How much is all these cars together?”
To Taek-gyu’s question, Chairman Im Jin-yong answered as if nothing had happened.
“It will be around 50 billion.”
“… … .”
okay. President, your hobby should be like this.
Note that not all rich people live this way. There are also wealthy, frugal, like Warren Boat and Envar Kamprad (founder of AKEA).
How often will the group president drive the car himself? Most likely, most of the cars are bought and parked without riding a few times.
Taek-gyu said with a look of anticipation.
“So what’s the Christmas present?”
Chairman Im Jin-young said with his arms wide open.
“That’s it.”
“Yes?”
“I will give you two a car here as a present. You just have to pick the car you like, one at a time.”
We were surprised.
Are you going to give me a car as a gift?
“It was in my father’s name, not the company, so you can pick it up and take it with you.”
I have a Porsche Panamera in my car, and a Mercedes S-Class as a business car. I don’t even drive that much.
Whether it’s a Ferrari or a Lamborghini, you can buy it with our own money. I didn’t buy it because I didn’t need it.
There is no free lunch in the world. It makes sense to give as much as you have received.
When I declined, Chairman Im Jin-yong said with a smile.
“You’ve come all the way here, so take a look. It’s difficult to manage anyway, so I’m going to keep a few left and organize them all.”
Even so, would it be better to accept it?
I thought for a moment and then said.
“Then may I choose Ellie’s car instead of me?”
“of course.”
Ellie was startled.
“Really?”
“Yes. There is nothing other than a company car. I’ll give you one as a gift this time.”
To be precise, it is a gift from Chairman Im Jin-yong.
Eli rejoiced at my words, grabbed my neck and kissed her cheek.
“Thank you.”
Taegyu said.
“Then can I choose what to give to my sister?”
He is a good younger brother who takes care of his older sister first.
Chairman Im Jin-yong readily nodded his head.
“of course.”
Taek-gyu pointed to a car and asked in a low voice.
“Can I choose that car?”
I shook my head.
“The Bugatti Veyron is a bit… … .”
Doesn’t that look the most expensive here? 25 billion or so?
No matter how good it is for free, you have to have a conscience.
While the two were choosing a car, I talked with Chairman Im Jin-yong while looking around the garage.
“Even in the midst of the Korean stock market crash, Seosung Electronics is holding out.”
“Thanks to my juniors, my recognition has increased significantly.”
Seoseong Electronics once again imprinted its brand on the world by playing a big role in rescue and evacuation at the time of the Big One outbreak.
Considering that B2C companies spend huge amounts of money on advertising every year to increase their awareness and preference, this is a huge profit.
As the consumption market slumped, it did not lead to an immediate increase in sales, but it was clear that it would benefit from the recovery of the economy.
“More than that, the Eunsung car situation was more serious than I expected. I saw the article. The parts makers must have sighed.”
“It is only temporary.”
“Good job. It is a big deal if domestic demand is also sluggish in a situation where the export economy is not good.”
Construction and automobiles have more subcontractors than other industries. As a result, the impact on the local economy is huge.
When the economy is bad, the government is not doing SOC business for nothing or reducing the automobile registration tax.
“What do you plan to do with Eunseong Cha?”
I smiled bitterly.
“How am I doing?”
“No company can ignore the influence of OTK Company. Especially when it comes to cars.”
Chairman Im Jin-yong said as if giving advice.
“There will be difficulties for a while, but the difference between Eunsung and Sung will not collapse or collapse to this extent. If possible, it would be better to help what you need and take care of what you need.”
I laughed out loud, he asked.
“Why?”
“no. Hyunjoo noona said the same thing.”
While we were talking, we went around the garage and finished looking at the car.
Taek-gyu was still thinking about it.
“Is this what it feels like for the protagonist summoned to another world to choose a weapon from a dragon rare?”
It’s useless detail.
Ellie’s voice came from the other side.
“Come here for a second.”
Ellie, sitting in the red Ferrari, said with a smile.
“How about this Ferrari? Don’t you think it suits me well?”
* * *
In the end, Eli decided on the Ferrari 458 Spider, and Taek-gyu chose the Lamborghini Aventador for Hyun-joo’s sister.
If you combine the two, do you mean about 1 billion?
We immediately contacted Suseong Fire and purchased insurance.
Taegyu said.
“You can’t ask for it back later.”
Chairman Im Jin-yong said with a smile.
“It’s a car I can’t drive anyway. We will send the transfer documents to the company.”
I decided to have an employee move the car I was driving to the company.
We greeted Chairman Im Jin-yong and got into the car.
Ellie sat in the driver’s seat and started the car.
The distance traveled was only 300 km. At least the managers check the car and get on it once in a while.
“It’s a pity that this nice car was left alone.”
“From now on, Ellie can ride a lot.”
Ellie said with a happy expression on her face.
“I would.”
When riding, the seat is too low and uncomfortable. The interface did not support Korean, so only English appeared, and there were no common heated wires on the seat.
Isn’t it even on a compact car these days?
“But a Ferrari is a Ferrari.”
“I love it?”
Ellie nodded her head as if it was natural.
“of course. It’s a Ferrari.”
Well, if you’re looking for something comfortable, you should get a sedan.
Looking at his face, he seems to like it. Behind him, Taek-gyu in a yellow Lamborghini is chasing after him.
You will see Taek-gyu Oh driving a Lamborghini in your lifetime.
Is this the epitome of a successful otaku?
As I was thinking, my phone rang.
I got a call.
“Yes, mother.”
[Have you ever been to a memorial park?]His father’s remains are enshrined in a memorial park in Dongtan.
“no. why?”
[I came here in the morning, because there are flowers.]“If I had gone, I would have told my mother.”
[No one will come to see your father. Did relatives go there?]“Is it possible?”
There has been no contact since then.
[Then who are you? Anyway, I’m cold, so I wear warm clothes.](Read more @ wuxiax.com)“I see.”
As I hung up the phone, a person I guessed came to mind.
Did you really go to your father?
As I leaned back on the seat, I remembered the words of Hyunjoo’s older sister and Im Jinyong’s chairman.
Is business a business?
What can I give and what can I receive?
At that moment, something flashed in front of my eyes.
* * *
I waited at the appointed place. After a while, a man opened the door and entered.
He looked a lot older than when we had met before. But his expression seemed much lighter. It is as if a heavy load has been unloaded.
I said hello and asked.
“Are you really out of business completely?”
The old man in front of me smiled and nodded his head.
“of course. I should have given up sooner, but it was too late because I was greedy. Now, I plan to go to a place with good water and fresh air and live comfortably. CEO Kang is young, so I don’t know for sure, but at this age, he is bound to live with various diseases.”
“… … .”
So, are all the presidents summoned to the prosecution in wheelchairs?
When it became known that the airbag defect was covered up, criticism of the Eunsung car was heated. Chairman Han Min-koo took responsibility and resigned, and thanks to that, he was able to soften public opinion a little.
That doesn’t mean the problem has been completely solved though.
“It seems that these days, Albert Management is pouring out short selling targeting the silver car.”
Han Min-goo shook his head.
“I know, but there is no right way to respond right away.”
If you look at the governance structure of Korean conglomerates, they are as complex as semiconductor circuits. This is also true of the silver car.
From listed affiliates to unlisted affiliates, the circular shareholding chain is intricately intertwined, and there are not one or two related companies that are not included in affiliates.
Eunsung cars are mainly manufacturing, but they have a financial business called Eunsung Capital and Eunsung Card. (As cars are the second largest asset after a house, most are purchased through installments or leases. The company can sell cars and even financial services. So, it’s a bonus)
As the separation of finance and industry has been strengthened, it is necessary to break the cycle of circular shareholding in the process of management succession and switch to a holding company system.
Airbags have to be recalled, shipment backlogs need to be resolved, governance issues need to be resolved, and shareholders’ dissatisfaction needs to be appeased.
“To be honest, we need help.”
I nodded.
“i See.”
“If there is anything you want, can you tell me?”
I said quietly.
“I hope that Eunsung Motor’s large truck division will be split and sold.”
In addition to passenger cars such as sedans and SUVs, Eunsung Motor also sells commercial vehicles such as large buses and large trucks. Unlike the world-famous passenger cars, commercial vehicles are not showing much interest in investment.
In the domestic market, large buses are shared with Daehu Commercial Vehicles to a certain extent, but large trucks have a marginal market share behind SKANIA, MAN, Volvo, and Benz. (Eunsung Construction Equipment, which manufactures Pokane and excavators, is As an affiliate, it has nothing to do with Eunsung Motor Group)
From the perspective of the Eunseong car, it is no different than a treasure trove, so if the price is right, they will be willing to sell it.
