BXBX NOVEL Chapter 161: <Richest of them all>
Chapter 161: <Richest of them all>
Jung Junghee led the conversation.
“You have met each other before, right?”
Jun Taewon nodded with a frown.
Woosung smiled and offered his hand. “Nice to see you again.”
Jun Taewon didn’t shake Woosung hand. Instead, he turned to his father.
“Chairman, what is going on…?”
“I am trying to clean up your mess!”
Jun Taewon flinched at his father’s anger. Woosung watched quietly. Jun Junghee looked at both young men in front of him.
He asked Jun Taewon, “President Kang is interested in our IT company. I think we should have him take it. What do you think?”
“You mean TK Communication?”
Jun Junghee nodded. TK Communication included the music streaming service Grapefruit, the SNS service called TWorld, the and online store 10th Avenue.
“We need the funds to pay for the frequency. You know our situation, right?”
Jun Taewon’s voice faltered. “Sir, why are you talking about our situation in front of an outsider…”
Jun Junghee glared at his son.
“President Kang is now in the mobile carrier business so he is part of the same industry. We need to help each other.”
Jun Taewon didn’t like it at all.
Sleeping with the enemy.
Jun Junghee said to Jun Taewon, “Don’t let your emotions control you. Be objective and think only of the company. Have you already forgotten what I taught you?”
Jun Taewon bit his lips hard.
Woosung looked at both of them and offered, “I am willing to offer a fair price. It will be based on your company’s current financial status.”
Jun Junghee added, “He has offered 1.5 billion dollars for the entire TK Communication.”
Woosung knew Grapefruit alone would become worth over 1.6 billion dollars in the future. TWorld will fail and 10th Avenue will become a mediocre online mall.
‘But if I get involved, I can make them become successful.’
Woosung planned to combine Grapefruit and Spotify together. He was also considering incorporating TWorld and 10th Avenue to Coconut.
Jun Junghee asked his son, “What do you think?”
This was humiliating but Jun Taewon had no choice.
He answered, “It’s not a bad offer.”
“Oh and…I saw that you borrowed money from a hedge fund called Right Capital. You know how much in interest we are paying, right?”
10 million dollars per month just in interest.
Jun Taewon nodded silently.
“1 billion dollars won’t be enough to take care of it.”
“If you give me time, I can fix this.”
“When would that be? After our company goes bankrupt?”
Jun Taewon couldn’t reply.
Jun Junghee asked angrily, “Do you even know how much cash we have right now?”
Jun Taewon knew, but he remained silent.
0 dollars.
They had nothing. Jun Taewon hated his father for humiliating him in front of his worst enemy.
Chairman Jun continued, “So President Kang will be taking over our new semiconductor company ANIX for 4 billion dollars. In total, we should be getting 5.5 billion dollars and with this, we should be okay for now.”
Jun Taewon stood up and shouted, “Father!”
“It’s a fair price for both sides.”
Woosung grinned.
‘This is working out easier than I expected.’
ANIX.
It was only a small company for now, but in a few years, it would be the biggest part of TK. This was an amazing deal for Woosung. He was surprised Jun Junghee agreed to this deal so easily. They must have been desperate.
Woosung thought curiously, ‘And I can’t believe he would talk to his son like that in front of me.’
Jun Junghee was trying to teach his son a lesson.
He wanted his son to learn the consequences of his actions.
Jun Junghee actually told Woosung of his intention before walking into the room. Just as Jun Junghee asked, Woosung said to Jun Taewon, “Just think of it as a price for a good lesson. I won this game.”
Jun Taewon’s eyes reddened in fury. Woosung glanced at Jun Junghee who was smiling in satisfaction.
‘Weird old man.’
Jun Taewon screamed at Woosung, “You think you will get away with this?”
“Well, let’s do the math. TK Telecom’s stock price is 110 dollars today. It means TK is going down and if you don’t accept my offer, it will be over very soon. Think carefully.”
Woosung sat down on the sofa comfortably. This was exactly what Jun Junghee asked him to do as part of the deal.
Jun Junghee looked at his son and asked, “Now, it’s your decision, right? Just think of the company.”
Jun Taewon paced around the room. He was panting like a bull.
Jun Junghee said sharply, “This is the consequence of your poor decision. You can’t blame anyone else. You are the loser here. President Kang is the winner.” Jun Taewon glared at his father who continued, “You can’t always win. That is how business works. Do you now understand the responsibility of being a leader? Your decision affects the entire company. Look at President Kang. With his smart and quick thinking, he created successful companies like Coconut, KND, and XFeed. Learn from him and work with him. This is just business. Don’t be so emotional.”
Jun Taewon finally stopped pacing around.
He murmured quietly, “Alright.” He approached Woosung. “I apologize for being so childish, President Kang. I will try my best not to embarrass myself from now on.”
Jun Taewon bowed. Woosung’s eyes widened. Jun Junghee watched his son proudly.
After they left the room, Jun Taewon said to Woosung with a smile, “Thank you so much for doing me this favor.”
“Not at all. It is a good deal for me too.”
“You are as amazing as I expected.”
“You’re not so bad either, sir.”
“Hahahaha.” Jun Junghee laughed loudly. “It’s nice to talk to someone so frankly.”
“I suppose with your status, not many people would dare to talk to you bluntly.”
“It’s true. Gunwon was my only real friend but after what happened to him, I have no one to really talk to.” Jun Junghee frowned and murmured to himself. “Only if he raised his sons right, it wouldn’t have happened.”
Woosung’s heart pounded. He pretended to be calm and asked evenly, “You raised your son well at least.”
“Hahaha, you think so?”
“Well, compared to the three Choi bastards, absolutely.”
“Hahahaha, Choi bastards! You’re funny.”
“It’s a well-known fact.”
“I suppose, but not many would have the guts to say it out loud. You must not fear Daeyang?”
Woosung nodded and replied, “They bought their status with money. Now I have more money than them, so why should I fear them?”
Jun Junghee looked at Woosung enviously.
Confident.
Bold.
Intelligent.
Kang Woosung was a perfect businessman. Suddenly, Jun Junghee realized he needed to beware of this man. It was just IT and semiconductor for now, but someday, this man could take over the entire TK.
***
When Woosung returned to the office, Jang Gwangchul was waiting for him.
“How did it go?”
“Very well. TK Communication and ANIX for 5.5 billion dollars.”
“So now we should be able to supply semiconductor from ANIX for Blue S.”
“We need to take over Qualcomm and ARM as well.”
“Alright. Now, we will finalize the purchasing of Oh Land Home Mart tomorrow, right?”
Woosung nodded. “We will control the offline shopping with Home Mart and online shopping with 10th Avenue and Coconut Mall. Our company will do everything including finances, constructions, communications, electronics, and IT service.”
“Alright. We will go as far as we can!”
Jang Gwangchul raised his fist into the air.