Chapter 95: Decisive Battle

‘good!’

I broke off my line of sight with the Grim Reaper.

‘Our Mr. Cheolgu will be announcing the results of the Wookwang Chemical interim investigation!’

The media is currently fanning the flames of suspicion that the Wookwang Chemical fire was arson rather than a safety accident.

As the number of casualties from the Wookwang Chemical fire is high, the public’s attention is focused on the situation.

It meant that he had properly stamped his seal on the people.

‘The fact that a single agent of the Central Intelligence Agency is holding a press conference means that the entire Central Intelligence Agency is supporting Mr. Cheol-gu. It would be impossible without orders from higher-ups.’

If there’s anyone who can move such a powerful upper echelon, it’s Secretary Kim!

Taesung is keeping his promise to push forward.

‘This is a position where name value is power, and experience is authority. Mr. Cheol-gu, I won’t go anywhere and get criticized with my skills anymore.’

Anyway, stop by the West Gate!

I told you that I thought Mr. Cheolgu was really funny.

‘The extent to which Woo-kwang sank depended on how much detail could be uncovered about the things he was trying to cover up.’

No matter how big a ship is, if there’s a hole in the bottom, it’ll sink.

If it’s a small hole, you can somehow patch it up, but if it’s a big hole, you’re helpless!

It would be no different for Woo Kwang to have boarded the big ship ranked 9th in the financial world.

‘How will Woo-kwang escape from here?’

The media began to focus their attention on it.

The central government is pushing, and the Blue House is watching.

But high-ranking officials and politicians turn a blind eye.

It was a dilemma, a desperate situation.

‘It’s certain that there is a shit rope.’

He must have been very busy holding countermeasure meetings every day.

In conclusion, if the body is to survive, the tail will have to be cut off.

‘It would be a problem if the tail I’m trying to cut off ends at the gasoline in Bulkwang-dong.’

That’s why I recruited Secretary Kim.

We must use Taesung’s power to push Woo-kwang to the edge of the cliff.

‘Of course, Chairman Kim of Wookwang also received an anonymous tip.’

With Secretary Kim’s skills, delivering a letter without a trace would be a breeze.

‘I even sent it with Secretary Choi’s business card. It seems inevitable that the brothers will start fighting.’

Exactly.

‘Hey, Guardian Angel.’

[Daily soap opera······.]

‘Is that more fun than watching a fight?’

[That, that······!]

‘This is a fight over how many of Woo Kwang’s affiliates can be eaten up by the day, and for them, it’s a fight over when they can watch the recorded drama. Still, you don’t want to go?’

The Grim Reaper’s eyes shook violently as if there was an earthquake.

I shook the videotape gently.

‘As promised, I recorded your favorite daily drama like this.’

[Ooooooh!]

‘But don’t show the recording tape to someone who didn’t work. It’s obvious, right? I’ll go. I’ll do it!’

[practice!]

The grim reaper ran out in a hurry.

* * *

The Grim Reaper stood in front of the 10-story Jeju basalt stone wall and the 20-meter-tall iron gate, which is considered the ultimate in money-related troubles.

It was the main gate of Chairman Woo Kwang Kim’s residence located in Samcheong-dong, Jongno.

The two-story building has a total floor area of ​​approximately 900 pyeong on a site of approximately 1,200 pyeong.

In front of the main gate, a long line of reporters, reporters, and cameramen from newspapers and broadcasting stations formed.

Even in the bitter cold of midwinter, when the wind blew fiercely, they burned with determination, shouting, “Scoop!”

“Ah! You’re trying to get a scoop, but you’re actually catching a person. Are you going to lose your mouth?”

“The coffee I brought in a thermos has frozen too. Oh, it’s cold!”

“Go and buy some steamed buns and warm soy milk. Let’s eat some of that.”

“By the way, why is it so quiet here? You’re not moving. Doesn’t that make sense?”

Despite the bad weather that makes my feet shiver with cold.

That was the reason why reporters couldn’t leave this place until late at night.

The reporters stuck out their tongues.

“The situation has gotten this bad, shouldn’t we be holding a meeting to discuss countermeasures at the group level?”

“It’s so different from when the Wookwang Chemical fire broke out.”

“Why did the great man who called in all executives of affiliated companies and apologized to the nation choose to remain silent this time?”

That was the reason why reporters tilted their heads and burned with the will to break a scoop.

“Something smells.”

“Yeah, it smells like a conspiracy.”

“I have no idea how they are going to fix this.”

“Then there’s nothing we can do. We have no choice but to wait like this and capture the decisive moment.”

In front of the main gate, reporters glared in the darkness like a pack of hyenas.

Their goal is only one!

– Front page article! The scoop is mine!

But they didn’t know.

That dozens of luxury sedans were lined up and pulling into the parking lot next door.

It was the car of the presidents of key affiliates of Wookwang Group.

widely.

Wookwang Construction’s President Kim and Secretary Choi got out of the car.

Secretary Choi swallowed dry saliva.

“No one answered our calls. It seems like they are trying to cut ties with us and find a way to survive.”

“Those bastards who don’t even deserve to take bribes.”

“What are you going to do, sir? If it turns out that you were the one who bought the gasoline in Bulkwang-dong······.”

“Oh my, you’re going to be in trouble! I’ve never seen or heard of anyone like that!”

Woo Kwang Construction CEO Kim said bluntly.

“What is a three-page anonymous complaint?”

The anonymous complaint sent to Secretary Choi did not include a business card.

Unlike what was sent to Chairman Kim.

“If there’s any evidence, tell them to bring it. I doubt there’s any.”


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“Boss, then······.”

“While my brother was locked up in the house all day and not moving an inch, why would I be running around all day? I met with the heads of affiliated companies and gathered opinions.”

That was the reason why the face of President Kim of Wookwang Construction was so tired.

“Do you think I only fed bribes to those who took them? I fed my people much more.”

How many years have I been eyeing the position of CEO?

Wookwang Construction CEO Kim has been focusing all his efforts on internal politics.

“Now that we’ve come this far, it’s time to take a gamble. It’s faster for me to bring you down than for you to track down the traitor.”

Wookwang Construction CEO Kim walked with brisk strides.

“Anyway, this is a chance that will be hard to get again. Secretary Choi, get your mind straight. Got it?”

“Yes, sir.”

“Probably a lot will change after today. Your era will end, and my era, Kim Woo-seok’s era, will begin.”

Woo Kwang Construction CEO Kim opened the door with a mean smile.

As the door connected to the back of Chairman Kim’s residence opened, the presidents of Woo Kwang’s affiliates who had arrived first all turned around.

Among the 41 subsidiaries of Wookwang, they were the presidents of 28 subsidiaries.

“Is Mr. Kim here?”

It’s already been 30 years since we secretly embraced each other and pushed and pulled each other.

They were comrades who were closer than brothers.

The fact that the presidents of such affiliates chose to wait for President Kim of Wookwang Construction and enter the mansion together instead of entering first was suggestive of many things.

So, President Kim of Wookwang Construction was able to smile with satisfaction.

“Thank you for waiting so long.”

It was a statement that contained a lot of meaning.

Wookwang Construction CEO Kim has been waiting for this day for over 30 years.

“It’s time for the final battle. Let’s go in.”

As if the main character appears at the end.

Wookwang Construction CEO Kim entered with confidence and pride, with his shoulders and chest straight.

He was followed by the presidents of 28 affiliated companies.

* * *

The study in Chairman Kim’s mansion.

The presidents of Wookwang affiliates sat on the sofas in a row with serious expressions on their faces.

Chairman Kim stood in front of the study window, through which moonlight poured in coldly, and looked down at the garden with cold eyes.

The presidents of Wookwang’s affiliates looked at each other and nodded.

The silent glances exchanged were full of anxiety and tension that could not be hidden, as well as worry and concern.

Finally, Chairman Kim opened his mouth, carrying his luggage behind his back.

“President Seo, what is the current stock price of Wookwang?”

“The Woori Chemical fire caused a simultaneous drop of about 30%, and as news of the arson case surfaced, the stocks fell an additional 15% to as much as 30%.”

There was talk that the stock price had been halved in just a few days.

It meant that they were sitting still and suffering astronomical losses.

“The entire group? Or a specific affiliate?”

“I reported the average for the entire group.”

Woo Kwang Securities CEO Seo swallowed dry saliva.

He was the man who calculated billions in profits by using an abacus during the negotiations for the acquisition of Taesung Chemical.

“Among them, Wookwang Steel’s stock price fell the most.”

“To what extent?”

“The transaction was completed at around 40% of the previous level.”

“The stock price plummeted by nearly 60% in just a few days.”

It was a terrible shame.

The presidents of Wookwang affiliates kept their mouths shut at the bleak situation that was hard to believe.

President Seo continued his report cautiously.

“Woogwang Steel has had a huge amount of capital invested since its inception, but it has not been able to avoid deficits yet. So······.”

“Which is the best affiliate?”

“This is Wookwang Construction. It’s because the sales performance of Wookwang apartments last year was so good. It only fell by about 20%.”

Chairman Kim pressed his temples.

“Mr. Lee, how are the banks and the private loan market reacting?”

“The loan extension was rejected. I received a notice urging me to repay the principal.”

This was more serious than just hearing that the stock price had fallen.

If the loan is not repaid, Wookwang’s shares, which are secured by collateral, will be transferred to banks and private loan markets.

“Mr. Chairman, the promissory note is coming back. However, if things continue like this, it will be difficult to repay it.”

A bill of exchange can be considered a contract of credit between companies.

In transactions between companies, the transaction amount is usually large, so large sums of money are frequently exchanged within a short period of time.

So, instead of paying cash for each transaction, it was common to offset it with a short-term bill of exchange.

“In particular, the amount of the promissory note that must be paid to Taesung is too large.”

In the case of Taesung and Woogwang, they had a close business relationship, so there were especially more instances of bills being exchanged.

“When Taesung Chemical, no, Wookwang Chemical was acquired, they promised to pay 15 billion won in short-term promissory notes······.”

This president was the one who warned of the risks of short-term promissory notes worth 15 billion won in connection with the acquisition of Taesung Chemical.

However, they agreed to the merger and acquisition, optimistic about Wookwang’s cash flow.

He, who had been like that, was now struggling, wiping his forehead with a handkerchief.

“Woogwang’s cash flow was not good, but the problem has become more serious with the union taking action over the compensation for the victims and the deaths at Woogwang Chemical.”

The presidents of other affiliates of Wookwang also deeply agreed.

Because the entire affiliated company was suffering from union protests and strikes.

“Not only did the stock price drop due to the strike, but production and sales of products came to a complete halt. We can’t even sell the items piled up in the warehouse right now, so there’s no way for money to come in······.”

The president sighed deeply.

“How can I close a bill when I don’t have money? I can close other bills, but I absolutely can’t close a bill from Wookwang Chemical. I don’t have the capacity.”

Chairman Kim shut his eyes tightly.

The hands carrying the backpack trembled.

“CEO Jang, is there any possibility that you will negotiate with Taesung and Wookwang Chemical to reacquire them?”

“If it’s a reacquisition negotiation, we’ll have to make a desperate request. Please buy it at a good price.”

He was the one who insisted that we should desperately refuse negotiations to reacquire Taesung Chemical, saying that it is not common to get the chance to buy it with just a few promissory notes.

President Jang continued speaking in a trembling voice.

“If we fail to overcome this crisis, Wookwang will not be able to avoid bankruptcy.”

A cold silence settled.

Chairman Kim just stares out the window without saying a word.

The ticking sound of the grandfather clock moving left and right was unusually loud.

In that heavy silence, someone spoke.

“Brother, I think it’s time to make a decision.”

It was President Kim of Wookwang Construction.

“Step down from your position as leader. Kneel down before His Majesty and ask for mercy. Only then can our U-Gwang live.”