Chapter 49
Chapter 49
At my words, Daryl had an expression of no-nonsense.
“Mr. Kang doesn’t have the authority to make investment decisions, doesn’t he?”
Hyunjoo’s older sister said.
“Mr. Kang has priority over me to make the decision.”
Daryl asked as if he didn’t understand.
“Aren’t you the agent?”
i told him
“Because I am the CEO of OTK Company.”
“Ah!”
Daryl couldn’t shut his mouth in surprise.
He always knew me as an OTK Company employee. I would never have imagined that a young blue-eyed young man would be the CEO of a multi-billion dollar company.
I also don’t believe me sometimes.
I smiled.
“I didn’t mean to cheat. I just want to avoid being known.”
At my words, Daryl nodded his head.
“i See. Then only I will know.”
Until now, the investment was paid immediately after signing an investment contract, but this time the situation is a little different. Instead of paying the investment directly to Karos, you need to negotiate a sale with Eunsung Motors.
“I’ll ask my sister to do that.”
Hyunjoo’s older sister nodded his head.
“I’ll try to reduce the amount as much as possible.”
Daryl looked relieved. The worst-case scenario in which the company is sold through spin-off is avoided. We talked about the details.
What he was most worried about was the management part. He doesn’t want a similar situation to happen again, as he’s already been tampered with by Eunseong’s car.
Daryl was a developer before being CEO.
If he just wanted money, he would have gotten a job at another IT company sooner. However, he devoted even his salaries received to his company, clinging to his development.
When a startup creates good technology, large Korean companies copy the technology, and large American companies buy the company.
Not long ago, Gubble acquired a startup researching speech recognition systems for $50 million. The company had only five employees, so they paid $10 million per employee.
If you had decided to copy the technology, a tenth of that would have been enough.
So, are large American companies doing this because they are good? Or is there money left over?
A company is a group that strictly pursues profits. It was because Gubble decided that it was more profitable to acquire the company than to copy it.
The core of a company is people, not patents or technology.
Any number of technologies and products can be copied, but the philosophy of the person who created them and the culture of the company cannot be copied.
“Even if OTK Company takes over, there will be no interference in management. It’s okay if you don’t see results right away, so you can develop it in the direction you’ve been thinking.”
Daryl was overjoyed at my words.
“I will never let you down.”
I finally asked him.
“What do you think Karos does?”
Daryl answered without thinking a bit.
“Make a better future.”
* * *
All additional meetings scheduled have been put on hold.
Hyun-joo’s older sister identified the investment amount and industry, selected 4 companies from the companies scheduled for the meeting, and invested the rest of the amount, leaving only the $100 million needed to acquire Karos.
By that time I got two phone calls.
One was Sangyeop senior. It means that K Company’s investment in startups has been completed. The cash of 70 billion was reduced to 6.7 billion.
I said that I would stop by the office when I return to Seoul and hung up.
The other was an interior company in charge of the Dongtan house construction. It was said that the work was completed. It was a major project to replace waterproofing, insulation, and even old wiring and piping.
Looking at the photos you sent me, the inside of an old house built more than 20 years ago was a completely new house. The exterior was just cleaned and kept as it was before.
The next day, as usual, we gathered at the restaurant to have breakfast.
“The work ended earlier than expected.”
Taek-gyu said to Hyun-joo’s sister.
“How about taking a break this time?”
My sister shook her head.
“I have a lot of work to do when I go back. I have a flight reservation for tomorrow morning.”
“already?”
It’s also fast I thought I’d come back after a few more days.
Ellie smiled and said.
“Then let’s all go play together today. The four of us have never gone out together.”
Taehyung nodded his head.
“I heard that. My sister stayed in the hotel all the time.”
Hyun-joo’s older sister had an unwilling expression.
“I have to work.”
I said persuasively.
“Don’t do that, let’s go together. Today or when will the four of us play together in Korea?”
Others said similarly, and Hyunjoo nodded her head reluctantly.
Ellie looked at us as if it was all right, she asked.
“Where shall we go?”
“It doesn’t matter where you are.”
Unless it’s Korea University.
Then Eli said with a twinkle in her eyes.
“Then can I decide? There is a place I want to go.”
“······Yes.”
Again, only Korea University.
* * *
Oh Taek-kyu stopped at the front door of the hotel.
I got into the passenger seat, and Ellie got into her back seat. However, Hyun-joo’s sister did not move as if her feet were frozen.
“What are you doing? Come on, sister.”
“Me, tell me to ride this?”
She pondered for a moment, and then she shook her head as if she wasn’t sure she was going to ride.
“I’ll just take a taxi.”
But Ellie, who was riding first, grabbed her older sister and pulled her.
“How are you? Let’s ride together, Jessica.”
“Come on, wait, Ellie.”
Quang!
Ellie quickly closed the door.
“Let’s go.”
Oh Taek Gyuka ran towards her destination.
Hyunjoo’s older sister muttered with her head bowed.
“Hey, I think I’m going to get in this car…….”
“·················ogue.”
When I first rode, I didn’t know where to put myself in shame. But now I’ve gotten used to it. It’s still sloppy though.
The car arrived at its destination quickly.
I got out of the car and looked around the wide circuit in front of me. This is a driving center made by BMW.
“There was a place like this in Yeongjongdo.”
“It is said to be the first place in Asia.”
Even though Eunsung Motors makes so much money in the Korean market, it doesn’t invest much in motorsports. But a German automaker would have made something like this in the metropolitan area.
Before coming here, I made a reservation for a driving program to drive the circuit in advance.
Ellie asked me.
“Do you like driving?”
“Well, it’s just….”
I’m trying to say that I don’t particularly like it or hate it, but Hyunjoo noona crossed her arms and said,
“Jinhoo has liked to drive since he was little.”
I asked in confusion.
“Am I?”
“I do not remember? When I was in middle school, I smashed my car’s side mirror while practicing driving.”
“Ah······.”
Ellie burst out laughing.
“Fufu, did something like that happen?”
Hyunjoo’s older sister nodded her head.
“It was my first car. That must have been the first time I got mad at Jinhoo.”
“·················ogue.”
I got really mad. I almost cried.
I looked at Taek-gyu, recalling the memories of the past. Then he looked away from me with a smirk on his face.
It looks like something is stabbed.
That’s right, it’s not me who wrecked Hyunjoo’s first car, it’s this guy. She said she would be killed if she found out, so I put it on her instead.
Reveal the truth now!
“Oh, it’s cold. Come on in.”
Taek-gyu ran into the building first.
Ellie grabbed me.
“Good for you. You can’t break the side mirror today.”
“·················ogue.”
I decided to keep it a secret, so I can’t say it with my mouth.
* * *
After receiving brief training from the instructor, we started driving the circuit. Hyunjoo noona and Eli decided to ride the M5, and me and Taekkyu decided to ride the M6 and M4 respectively.
Taek-gyu had a confident expression on his face.
“Huhu, it’s time to show off my driving skills that I have honed by watching anime.”
“·················ogue.”
Annie left all the kids.
We ran the circuit for about 40 minutes under the guidance of the instructor. Surprisingly, Taek-gyu ran quite well. He even praised the instructor for his talent.
Does learning from anime really work?
The guy who gained confidence shouted out that he would challenge the drift next time.
Inside the driving center, there was also a car store and a service center. The inside was more like an exhibition hall or an experience center rather than a sales hall.
Most of the time, it feels like you’ve come to see rather than buy a car.
Hyunjoo’s sister and Ellie went up to the restaurant on the second floor to have coffee, and Taekkyu and I decided to look at tea on the first floor.
“There’s a mini here too.”
Not only BMW, but also Mini and Rolls Royce were on display. All brands belong to the same group.
When I see a car in front of me, I think I want to buy it. Come to think of it, I should have bought it earlier, but I haven’t been paying attention since I’ve been busy.
When I showed interest, a young male dealer in his early thirties approached us.
“Look around slowly and let me know if there are any models you are interested in. You can also test drive if you make a reservation.”
“I don’t know when I will buy it.”
I am wearing jeans and padding, and Taek-gyu is wearing a sweatshirt and a parka. You will look like an ordinary college student or a white man.
But the dealer said with a smile.
“Since you are still young, wouldn’t you be able to become my customer someday?”
I like the mindset.
I asked, pointing to the car in front of me.
“How about this car?”
The dealer then kindly explained.
“What you see now is a 530i model, and usually you are looking for a 520d model next to it. It’s much more economical. The 4 Series coupe and convertible here are also popular among young people.”
I looked at the exterior of the cars the dealer said and sat in the driver’s seat. It’s ok, but it feels like something is missing.
There was one car that really caught my eye.(Read more @ wuxiax.com)
“Is this car?”
“This is a 7 Series that has been completely changed recently. It is a high-end sedan and our flagship model.”
When I sit down directly, the inside is spacious and not very spacious.
Taek-gyu, who was sitting next to him, said.
“Isn’t this too big?”
“It is.”
If you drive a car like this at my age, you could be mistaken for driving a driver or dad’s car.
Other than that, I like everything about the car. It is large in size and has all options including safety devices.
Do I have to go this far to ride?
I asked the dealer.
“How much does the car cost?”
“The current promotion period is 139 million won.”
It’s not as expensive as you think.
. . . I thought to myself, and I was surprised for a while. Spending billions or tens of billions on startup shopping (?) makes 100 million seem cheap.
“How long does it take to ship after contract?”
All BMWs are produced in Germany and shipped to Korea by ship. As it takes a long time from contract to delivery, the seller first imports a certain amount and sells it to the customer.
If you sign a contract with a special color or option (in-order), you have to wait several months, but in the case of a general model, there is a high probability that it will be in stock.
The dealer searched stock with the tablet he was holding.
“After checking, the black sapphire and spisto gray colors are available immediately.”
“Ugh.”
The price of the car alone is 139 million won. Various taxes and insurance fees are added to this.
A total of 1.3 billion won was transferred to Korea.
But I spent almost all of it on finding a house for rent, buying a house in Dongtan, giving some to my mother, and paying various taxes. I currently have less than 100 million in my pocket.
The rest of the hundreds of billions of dollars are all tied to the OTK Company corporation, but it has been poured into investment. In short, I am currently a dog hair.
But don’t worry. Because I have OTK Capital.
I said to Taek-gyu.
“Lend me 150 million won to buy a car.”
Then the boy asked, seemingly absurd.
“What? Why are you borrowing money from me to buy a car?”
I brought up an old thing.
“You said you bought a game console when you were in high school, so I loaned you 200,000 won.”
Then Taek-gyu had a surprised expression on his face.
“Is 200,000 won the same as 150 million won?”
“Of course, 200,000 won is bigger. At the time, that was all I had.”
“Yeah, yes, but…”
Absolutely, the amount is rather large, but 150 million won is nothing to him.
“Let’s swipe your card first.”
