Chapter 81
Chapter 81
President Park Si-hyeong was astonished when he received the report from the head of the National Intelligence Service, Yoon Se-won.
He just asked me to do some research on K Company, because the completely unexpected word OTK Company caught on.
“Is that really true?”
There were several pictures on the desk. The top picture was a chubby young man in his twenties with short hair and glasses.
“According to various circumstances, Taek-gyu Oh is the CEO of OTK Company and the core of everything.”
Park Si-hyung was still in disbelief.
What OTK Company has done in the past two years has been enough to shock the global financial world. It made hundreds of billions of dollars in the Korean market by predicting the L6 explosion, and bought stakes in leading startups through venture capital investment. and b
During the Lexit crisis, the foreign exchange markets of Britain and Japan made astronomical amounts of money.
It’s hard to believe that even a highly advanced financial expert did all these things by a young high school graduate in his 20s who didn’t even go to college?
Yoon Se-won said with a serious expression.
“Oh Taek-gyu can be a surprisingly genius.”
“What?”
“My older sister, Hyun-Joo Oh, is an outstanding financial elite to the point that she was appointed to the Golden Gate Korea branch at a young age. Couldn’t that little brother be just an ordinary person?”
“Well… well…”
Bloodlines don’t go anywhere.
Park Si-hyung nodded his head and said.
“Have you been hiding your genius all this time? Then why didn’t you go to college…?”
“I don’t think I went there because I didn’t have anything to learn. As it turned out, I didn’t even apply to college.”
It would have been absurd if the parties had heard of it, but there were only the two of them. Because of this, there was no one to correct the misunderstood remarks.
Park Si-hyung pointed to a picture of another young man.
“Then who is this person?”
“My name is Jinhoo Kang, and I am currently studying Business Administration at Hankuk University. Taek-gyu Oh and I have been friends since middle school. It seems that he is not directly involved in the investment, and he seems to be mainly in contact with Park Sang-yeop and Oh Hyun-joo according to Oh Tae-gyu’s orders.”
“Are you the closest person?”
“Yes. We are currently living together as Taek-gyu Oh, and we also accompanied him to the United States this time. Oh Taek-gyu also seems to be taking good care of Kang Jin-hoo. He put him in the K company as an employee, and he remitted 1.3 billion in two separate occasions.
it is Last year, he bought a car under his own name at a BMW store in Yeongjongdo, and a few months ago he bought a Porsche under the name of K Company.”
Are you doing well because you have good friends?
‘He’s very lucky.’
Yoon Se-won continued to explain while pointing to the photo.
After Kang Jin-hoo, he introduced Taek-gyu Oh to her senior, Sang-yeop Park, and Taek-gyu Oh supported Park Sang-yeop with 70 billion won, and with her support, he founded K Company.
Since then, OTK Company and K Company have moved hand in hand. When OTK Company invested in foreign startups, K Company invested in domestic startups, and during the Brexit crisis, while OTK Company was targeting the foreign exchange market, K Company
Target the derivatives market.
In return, Park Sang-yeop received a 2 percent stake in K Company.
Currently, the asset size of OTK Company is estimated to be as low as 40 trillion won to as high as 50 trillion won or more. This is enough to be among the top 10 chaebol groups in terms of market capitalization alone.
How could such a huge corporation be run by just a few people? Of course it won’t be.
Maybe someone behind it?
“Is there any way to confirm the ownership structure of OTK Company?”
“For now, yes.”
To verify it, you would have to see a certified copy of the corporate register in Dela Island, which was not possible without a warrant from a US court.
The National Intelligence Service can obtain information illegally at any time in Korea, but in foreign countries it is not easy.
Plus, Della Island is a U.S. territory. Even if you do something wrong and get caught, it can turn into a diplomatic problem.
‘OTK Company…’
OTK Company is actively advancing into the automobile industry with a subsidiary called Caros in partnership with Republican candidate Ronald.
Park Si-hyung liked that. It is a fact that the public does not know, but he was deeply involved in the automobile industry.
Therefore, he has no choice but to be sensitive to change.
When Se-won Yoon left after finishing the report, Si-hyung Park leaned back on the chair and fell into thought.
‘I think I should talk to Chairman Han Min-koo.’
He opened the drawer and took out his cell phone.
* * *
[Negotiating to acquire Carlos Chrysler][Estimated acquisition amount of about 6 billion dollars][Reorganization of America’s Big 3 Cars][Karos Detroit Headquarters Relocation Plan Announced][CEO Daryl Proclaims that he will usher in the era of driverless cars within the next year][What is the future of the American automobile industry pictured by OTK Company?]Negotiations for the acquisition between OTK Company and FCA Group were in progress. There are a few steps remaining, but without any problems, Chrysler will be in the arms of Carlos.
Automakers around the world were all nervous about this big deal. It was the same with the silver car.
In fact, Chrysler itself didn’t really matter. It wasn’t that the technology was particularly good, and the quality was the lowest among the big three in the US.
I wonder if it was merged with the Daimler Group and then separated, then merged with the FCA Group and sold again this time?
The problem isn’t Chrysler, it’s Carlos.
“The chance to get Karos with this is gone.”
In front of Han Min-gu stood a man in his mid-30s wearing glasses. His name is Chanyoung Han. He was none other than Han Min-koo’s eldest son and vice-chairman of the Eunsung Tea Group.
“I wasn’t selling Karos in the first place.”
When I first sold it to OTK Company, I thought that I had sold the useless Amul complex well. He even generously rewarded the negotiating team that led the sale.
But what?
In less than a year, Karos had grown rapidly. Artificial intelligence for automobiles has reached the stage of completion, and autonomous driving technology has already surpassed that of Eunsung Motor Group.
The developers who confirmed the skill level of Karos were astonished. Kang Min-cheol, president of Eunseong MBS, shook his head and said.
‘The technology is more than three years ahead of us. Even among all the companies developing autonomous driving, it can be said that they have the most advanced technology.’
Such a company was sold at a low price of less than half of the investment!
Even if you regret it later, the bus has already left.
When this fact became known, shareholders’ protests flooded. Why did you sell a company with future value?
It is enough not to worry about the protests of minority shareholders. But when private equity funds and sovereign wealth funds, which own more than 5 percent, protested, they couldn’t help but pay attention.
In the end, Chairman Han Min-koo took the initiative and comforted them, saying that he would reconsider shareholder value by buying back shares and increasing dividends. Anyway, before Karos could grow any further, he had to somehow get his hands on it.
If it was a Korean company, things would have been easier. Stealing manpower, stealing technology, binding hands and feet with regulations, and so on. There were plenty of cards that could be used.
However, Karos is an American company, and its headquarters are in the United States. This meant that the previous methods did not work.
So, I had no choice but to propose a share swap. Instead of handing over a portion of Eunsung’s stake, he was planning to secure a 20 to 30 percent stake in Karos.
The partnership with Eunsung Motors, which sells more than 8 million units a year, was a mouth-watering proposal from Karos’s point of view.
At first, CEO Daryl also responded positively. Negotiations seemed to take place at any moment, but the situation changed when the parent company, OTK Company, started investing.
When the funds overflowed, it was no longer necessary to hand over the stake and cling to Eunsung Motors, and took over the automaker directly.
What synergies will occur if Karos’ software technology is combined with Chrysler?
“We could really make the first driverless car.”
Recently, the automobile industry has been noisy with electric vehicles. Unheard-of companies such as Nikola and BID came up and threatened incumbent automakers.
But that was nothing compared to the changes driverless cars would bring. Electric vehicles were just a change to replace the power of automobiles. But driverless cars will change everything related to human life.
Chanyoung Han said.
“Even if the diarrhea technology is perfected, commercialization will not be easy.”
There were many hurdles to overcome in order to commercialize driverless vehicles. The most important of these is law reform.
Under current law, autonomous driving without human control is illegal. The driver must keep his hands on the steering wheel and look ahead.
“OTK Company has teamed up with Ronald. If elected, you will receive tremendous support.”
Ronald has always criticized Korean and Japanese automakers. Eun Seong-cha was a regular guest who did not miss his speeches.
For this reason, Eunsung Cha actively supported Diane’s election campaign through its American subsidiary. It was my honest feeling that I had to stop Ronald from winning no matter what.
“It is very unlikely. You know.”
The election was less than a month away, but Diane was still leading by a large margin.
You won’t have to worry too much about that.
Chanyoung Han tried hard to disparage Karos.
“If that’s the case, we’re going to take a small share of the US market. It will be difficult to enter the domestic market anyway.”
Han Min-gu nodded his head and said.
“Let’s keep an eye on the movements of OTK Company and Karos.”
“Okay.”
Chan-young Han bowed her head and left the president’s room.
I don’t think it’s a big deal, but I can’t help but frown. The company they created grows and becomes a competitor.
‘Isn’t this like a servant becoming a yangban equals his master?'(Read more @ wuxiax.com)
Thinking like that, I smiled bitterly, when the phone rang. The caller was marked as ‘VIP’ on the screen.
Han Min-goo politely answered the phone.
[This is Park Si-hyung.]“Yes. Your Excellency.”
The current president, Park Si-hyeong, was a businessman and was very friendly to chaebols and conglomerates.
He was elected on the promise of creating a favorable environment for business to grow the economy and increase jobs, and after his election, he faithfully fulfilled those promises.
I am not sure whether the economy has grown and jobs have increased, but it is clear that it has become a favorable environment for large corporations to do business.
Park Si-hyung was close with various chaebol groups and conglomerates, but he had a very close relationship with Eunsung Motors in particular.
Thanks to this, Eunsung Motor Group was able to thrive by increasing its domestic market share and exports under the full support of the government.
He saved inheritance tax by driving work and gifting expediently, and he was acquitted in the courts of embezzlement and breach of trust.
It was concluded that the manufacturer was not responsible for the sudden acceleration accident that had become a problem recently, and various recalls were avoided.
[This time, I heard that he put a lot of effort into establishing the PAS Mexico factory.]Han Min-goo said with a smile. “Haha, what did I do? It’s only natural to support a partner with great technology.”
[I wish you all the best in the future.]“of course. We will do our best so that Eunsung Motor and PAS can grow together. I hope that you will also help me a lot.”
[of course. Isn’t the development of Eunsung car the same as the development of the country?]After a while, thanksgiving came and Park Si-hyung brought up the main topic.
[More than that, have you ever heard the rumor that the CEO of OTK Company is a young Korean in his 20s?]All of a sudden, my ears swelled.
“I heard, but…”
This story first appeared in American politics. Afterwards, there were testimonies of seeing Asian youths in their 20s in Karos.
However, it was unclear whether he was the real CEO of OTK Company.
[I have something to tell you about OTK Company.]Park Si-hyung summarized the facts he found out through the NIS. Han Min-goo was surprised to hear the story.
“Is that really true? The CEO of OTK Company must be Korean.”
[Me too. I can’t seem to leave it like this. Shouldn’t measures be taken here as well?]Park Si-hyeong, a businessman and politician, has a meticulous and meticulous personality. Judging from what he said, it seems that he already had a plan in place.
Han Min-goo asked with bright eyes.
“Is there any good way?”
