My mother-in-law was here when I went home.
"Thank you for coming."
I bowed my head.
said the mother-in-law with a smile.
"I don't know if my son-in-law will feel uncomfortable because I”
"You're welcome. Rather, we appreciate it."
"I read in the paper that you took over a big company. It's on the news."
"Yes, it was."
"I don't know much about business, but I think I'm working hard. Hey, Eunyeong. Your husband's here, so get his coat and hang it for him."
"No, thanks. Eun-young is heavy right now."
My mother-in-law seemed to be proud of my acquisition of A Chemical. Eun-young also looked proud in front of her mother.
It's like, "Mom, I'm married, right? It seemed to do.
Monday, December 11th.
When I went to work, the attitude of the employees changed by 180 degrees.
Everyone greeted me politely.
I am younger than Deputy Director Song and Deputy Director Chung, of course.
Nevertheless, I have been treated like a boss, but today I feel like I'm being treated more than that.
It seemed to be because he took over a landmark building called E Tower in the middle of Yeouido and suddenly invested another 200 billion won to acquire a large company.
I said with a smile because the atmosphere seemed awkward.
"Sit down, everybody. Why are you standing like that?"
Everyone sat down when my horse fell.
Gradually I became the object of outer diameter.
I gave Assistant Manager Choi the Achemistry due diligence data in the envelope.
"Please make a copy of this and bring it to the S bank manager."
"Okay."
Chang said.
"Can I take a look at the actual data?"
"Go ahead."
Chung said.
"The decision to sell shares of A Chemical is likely to rise a lot today. Can I clear some up today?"
"Go ahead. Try it all today and tomorrow, if possible."
"Okay."
"By the way, it's material exposure with the signing of a memorandum of understanding. Will it go up a lot?"
Chang said.
"I think the stock price is going to last a few more days. A global company called Moellis & Co. will take over and its debt ratio will be drastically reduced, which will give good financial indicators."
"Shall we?"
"If any of the club members or other forces have come in, we won't push them out today. We've been up in stock prices, but it's not that much."
"Hum"
"But I think it's right to take it for a short period of time because labor disputes can cause stock prices to fall."
"The labor-management dispute?"
"When most companies are sold, they often restructure themselves to reduce unnecessary staff. So there is a concern that the union will fight against the sale."
I thought so, too.
"I think the director has a point. Then, Jung and Song will sell A Chemical today."
"Okay."
Song said.
"Your boss took over A Chemical with Moellis & Co. this time. Are you going to use A Chemical as your name?"
"Well, let's think about it. We've only signed a memorandum of understanding yet, but we haven't signed it."
Hong said.
"I'd like to have J.S. Chemical."
When I looked at him, Hong looked embarrassed.
I came to my room after the meeting.
Chemical shares rose more than 15 percent today.
Then, it seemed to fall to 10%, but then it hit 15%.
I shook off 20 percent of the shares I bought without impacting the market.
Since it is a stock of a large company, the transaction amount was large even if a small amount of trading came in.
There was no difficulty in shedding.
I've been doing business for a long time and got a call from the head of the law firm, Hwachon.
"Me, Mr. Choi."
"Yes, how are you? Mr. President."
"I heard you took over A Chemical this time?"
"Yes, I've decided to work with an American private equity firm."
"Congratulations, but you didn't take over the 200 billion won that was entrusted to you by the Chairman of Group G, did you?”
"You're welcome. The money is now in JS Invest's G001 Fund and G002 Fund. I'll take a picture of the number of shares I've bought and send it to you via Kakao Talk to you.
"No, no, thank you. I'm just saying. I don't know anyone else, but I trust CEO Choi. Isn't that why the chairman of G Group was willing to leave 200 billion won to Choi?"
"I'm grateful to you."
"But the chairman of G Group is now completely unconscious and hospitalized again at Asan Medical Center."
"Is that so?"
"I had a 50-year-old Royal Shalut brought by CEO Choi, and now I'm down again..."
"Are you in bad shape?”
"It's not bad, it's totally vegetative. Take off the ventilator and we'll be there. But you bastards are keeping the respirators out!"
"Yes?"
"I think the inheritance problem is not over yet. Well, if you're rich, you can't die like that. Keep this in mind, Choi.”
"Okay."
"Well, then. Work. And now that you've taken over the conglomerate A Chemical, give us some work on the Songmu work from now on!
"Haha, I understand."
General Manager Chang has come to my room.
"I looked at the due diligence data and found that the company has a lot of debt, but the company's basic physical strength itself is fine."
"Really?"
"I think the sharp increase in debt was due to the support of K Construction."
"I suppose so."
"We've got more than 8% operating profit, so I think the chemical affiliates that produce raw materials are good."
"Even 8% of our operating profit is heavily indebted, so I think we'll be paying a lot of interest."
"I think it's going to be 1.6 trillion won in debt, but it's still an era of low interest rates. If it's tens of billions of dollars a year, I think you're good at taking over."
"Maybe I shouldn't have done this. I should have invested 200 billion won in stocks."
"Oh, no. Boss! Stock investment is always risky. The success of investing our own account in SillaJen was due to God's blessing. It can't always be a big hit.
"Hmm."
"Sometimes, this neighborhood is a place where you can kick a gourd, let alone a jackpot. You took over well done. It's worth a try if Moellis & Co. doesn't have a management interference."
"If you take over A Chemical, would you like to be a standing auditor there?"
"Oh, no. Not at all. I will protect JS Invest. My aptitude fits here. I'd rather be your father-in-law if you'd rather be a standing auditor."
"Our craftsman?"
"I remember seeing it on the Internet one day. I heard that the father of KBS announcer Park Un-young was a former director of the Bank of Korea. If you're a graduate of Seoul National University and you're a manager of the Bank of Korea, you can be a permanent auditor of a large company
"Hmm. But how could you possibly have a father-in-law and a company..."
"Then do it part-time."
"We need to discuss this with Moellis & Co., so let's think about it slowly.”
"And looking at the summary balance sheet for the last three years attached to the back of the due diligence data, it seems that the cost of sales has increased recently. It's not a big deal, but I think we should check this out."
"Okay."
After General Manager Chang left my room, I pondered.
[What? You want the craftsman to be a non-executive auditor of A Chemical?] I'm sure Moellis & Co won't say anything about it. Then my father will be disappointed.]
[My father should stop working as Chang-ho now and consider a position as a non-executive registered director of A Chemical. Shouldn't there be a friendly force at the board meeting?]
I was thinking about this, and I got a call from Linda.
"Choi? Let's have lunch together today. We're flying out this evening."
"Really? I'll do.
"John Midland, vice president of Midland, likes galbi, so please show me if you have a good galbi restaurant."
"Okay."
I met Linda Sim at a Korean beef rib restaurant in Yeouido.
Linda Sim and John Midland seemed content with the deal, given their bright looks.
"I'll see you in a month if you leave now?"
"In the meantime, keep two copies of JS Holdings."
"You too!"
"Do you know how much under-the-table negotiations I've been making to take over A Chemical? To be honest, Choi just put a spoon on it."
"Is 200 billion investment a small amount of money?"
"There are a lot of chaebol that will bring 200 billion won for the Achemistry. As you've seen in the due diligence data, the basic physical strength is a good company.
"But recently, the cost of sales has increased.”
I spoke as Chang pointed out.
"Ho ho ho ho. Good to see you. You're the CEO of Choi Joon-sik. It didn't come out specifically, but that's because of increased labor costs."
"Why does the labor cost suddenly increase? Did you raise your salary significantly?"
"The company has 750 employees. And there were about 150 non-regular workers in the factory."
"Then is it 900?"
"But this time all 150 people seem to have been turned into full-time employees."
"Is that so?"
"That's why the cost of sales has increased, but it's not at risk level. We'll keep our operating profit at 8 percent, so don't worry about it."
"Okay."
"We've analyzed it and decided to take it over. Isn't it so? Vice President John Midland?"
Linda Sim then spoke fluent English to John Midland.
John Midland answered with a bang and a bang as he tore off the ribs one after the other.
"I talked to the chairman of Group A and the executive director who came out that day. Labor costs have increased, so if we take over, we'll have to restructure.”
"Are you saying you're cutting jobs?"
"You know why I dropped this? That's what made Choi work better.”
"Are you telling me to pretend to cut jobs and show off later because job cuts are difficult anyway?"
"As expected, Mr. Choi has a good head. You'll see. I'll be out of the union by next week or so. They'll fight against the sale. Then the chairman of Group A would say, tapping on the union's children."
"How?"
"I'm going to sell the company with tears in my eyes, but the employees will say they won't let even one cut. I'm sure that's with a serious look on his face. Then even if Group A chairman sold the company, he wouldn't have a bad reputation."
"It looks like you're squeezing.”
"And you can get a good reputation, too.”
"Me?"
"Moellis & Co. asked for a strong cut in the number of people, but I persuaded them to do so. Tell them when you make your inaugural speech after taking over the company. Sell us. What's wrong with getting points from the employees?”
"Oh, you're a woman who does a lot of research.
"Oh, I'm crazy too. Why would I even come up with this idea? No matter how good Choi Jun-sik is, he's coming up with all sorts of ideas. I must have a love pod in my eyes."
"Oh, there's a lot of course.
"And squeeze the board members together. We are interested in financial investment rather than management, so CEO Choi should manage it. So we don't intend to dispatch board members or company employees. You can send it to me monthly in-component data or documents.”
"Okay."
"However, members of the board of directors should be friendly to President Choi, and we only need to be recognized 18% of the 36% shares that Group A chairman owned. We don't want anything more if we manage well, pay dividends, raise stock prices."
"Okay."
"If a branch manager of S bank asks for an outside director, he will listen to that. Since he's a salary man, he'd love to get some extra money for registering as an outside director.
"Okay."
Linda Sim mixed a lot of English in the middle when she talked.
John Midland, the vice president next to him, seemed to be considerate to understand even a little.
John Midland did not comment on Linda's story either.
I just grinned and smiled.
It seemed like it was because it acquired A Chemical, which would make more money than interest from financial institutions from funds raised in the U.S.