Chapter 137 The Last Struggle at the End of the Century 5
Chapter 137 The Last Struggle at the End of the Century 5
"What are they trying to swallow? We intend to maintain a close relationship with Sunyang Department Store Group. It's a good business partner that will generate quite a bit of profit in the future."
Jin Sang-gi 's expression changed in an instant, his eyes weakening. "That profit is in the trillions of won? That's unbelievable!" Jin Sang-gi continued to shout with an angry face.
"Don't just think about the cash in hand. Remember that we are the major shareholders of the HW Group, a conglomerate. Chairman Jin Seo-yoon will involve us in the future business endeavors. She said it's worth ten times its combined value. Our experts have already done the calculations. I didn't plan on breaking the deal."
He barely suppressed a laugh. People who turn investments into gambling are essentially gamblers. Gamblers are good at bluffing. It sounds plausible, but it's just empty talk pouring out right now.
Although Uncle wanted to refute, he couldn't say anything against the authority of the experts' calculations.
"Chairman, if you find it uncomfortable for Sunyang Group to divest, Chairman Jin Seo-yoon can run the business well and repay the debt. Otherwise, please come up with a better proposal. I'll hand over the bonds."
"A better proposal, you say?"
"If our HW Group can help Sunyang in a way that allows them to earn big money in their medium to long-term projects, well..."
Sunyang Group, which had prevented money from flowing out by establishing a subsidiary for cleaning services, had no reason to involve us in their medium to long-term projects.
Realizing that it was a firm rejection, Uncle knew there was no point in pushing further.
"I understand Chairman Oh's intention well. I'll go back and discuss it." With a cold glance, Uncle stood up, placed his hand on my shoulder, and said, "Come home sometime. Let's have dinner."
"Yes, I'll see you soon."
As Jin Sang-gi roughly closed the door and left the office, Oh Sehyun showed a mocking smile. "Your family is really something. Look at the greed to not let go of a single thing."
"It's in our bloodline?" He muttered vaguely, but it wasn't because of greed. If Grandfather gave his permission, there were many ways to reclaim everything at any time.
What could be the true intention in their common minds?
"That guy, he's not just a businessman. He's not even being serious."
"Even if we offers a hundred billion?"
"He's trying to entice us with business opportunities, not money. He plans to leech off us for ten years."
"Oh Sehyun said that himself?"
"That's what I heard. Dojun heard it clearly too, right next to him."
"What did he say?"
"He didn't say anything. He just stayed quiet."
Oh Sehyun had quickly seized an opportunity to make an enormous amount of money. Regardless of any other reasons, this was a typical move for those in the financial district of Yeouido.
Vice Chairman Jin Young-gi couldn't just stand by and watch.
Whether Oh Sehyun was his father, Chairman Jin, or a young nephew's business partner, judgment could be postponed.
The first thing to do was to prevent someone unsuitable from taking over the department store group.
He looked for Jin Dong-gi. Despite being strong adversaries, they needed to work together for this task. Dealing with the pesky flies was the first step before the final showdown.
Jin Young-gi and Jin Dong-gi, the brothers, wasted no time and rushed to Sunyang Hotel.
"Oh my, what's going on, my dear brothers? And together, too? You seem so close."
Jin Seo-yoon raised her voice when she saw the two of them coming in together. Now that they had divided their assets and she had no more connections with the Sunyang Group, there was no reason to be cautious.
"You're enjoying yourself, having blown up the company? You seem pleased."
Jin Young-gi grumbled, but Jin Seo-yoon pretended not to hear.
"If you're here to scratch the itch, stop it. That time has passed, hasn't it?"
The two brothers looked around the lavishly decorated suite office and slumped onto the central sofa.
"We're not here to scratch anything; we've come to find out what exactly you're up to. Why don't you tell us what's on your mind?"
Jin Dong-gi spoke calmly, but Jin Seo-yoon still wore a troubled expression.
"I'll handle my business on my own. What's so curious?"
"It's about Oh Sehyun. Not sure if he's as trustworthy as you think."
"Do you think I trust that person? This is a deal. What is there to trust?"
"Just simple debt obligation? It looks like Oh Sehyun lent you money just to skim off the interest. He's the guy who even turned down a billion, right?"
"What? A billion? What are you talking about?"
After carefully listening to the conversation between the two, Jin Seo-yoon remained silent for a while with a stern face.
"Do you understand now? Holding the shares as collateral, pressuring for interest and principal payments, and then swallowing the shaes it's all a scheme by loan sharks. You've fallen into their trap."
"The construction of the first large supermarket is going forward, right? What about the construction payment? There's a mountain of money coming in, can you handle it? If you slip up even once, you'll lose it all."
As the two brothers continued to make ominous remarks, Jin Se-yoon's closed mouth suddenly opened.
"So?"
"What? Still don't get it?"
"I mean, are you saying I wandered into the tiger's den trying to avoid the fox?"
"I get it now."
When Vice Chairman Jin Young-gi sarcastically replied, Jin Seo-yoon laughed heartily.
"No, quite the opposite. I escaped from the tiger's den and met a wolf. Isn't my luck better?"
While they were portrayed as being in the tiger's den, they couldn't say anything in response to Jin Se-yoon's words.
"If Oh Sehyun is a concern, then my good brothers should show that he's not a tiger but a rabbit. He said he'd give Oh Sehyun a billion won, right? He's charging his little sister high interest, and for others, he's offering astronomical sums? It's unbelievable, really."
Jin Seo-yoon offered his older brothers the best option, of course from her perspective.
"If you're afraid I'll lose the company, use money to prevent it. Borrow five billion, adding another billion, with interest rates half of what the banks offer. I'll earn money and slowly repay it. Then my dear older brothers won't have to worry."
While Jin Seo-yoon made perfectly sensible arguments, his two brothers only coughed in vain.
If they did as Jin Seo-yoon suggested, there would be no way to regain control of the department store group.