Chapter 764 – Throne
Business expansion.
It doesn’t end with just increasing company sales.
‘In this capitalist society.’
They are all intertwined with each other.
Even things that seem unrelated at first glance are related.
“Therefore, unless the head office’s position is accepted, the transaction will not be concluded.”
This is the real purpose of entering the baking industry.
Baking, flour industry, etc.
‘It’s so sluggish.’
It’s not bad.
There is no loss by having it.
There will also be synergy with existing businesses.
In other words, that’s it.
It is not worth putting all the effort into the food market.
“I understand what you’re saying, but isn’t this an area where we all need to make a little concession to each other?”
“Concession…?”
“Yes.”
“If you think about it, this is all because of you!”
Aim for something bigger.
Flour.
In fact, there is a separate company that holds the largest share.
—————————–±
『Domestic Flour Milling Market Share』
BJ CheilJedang- 24.1%
Korean Flour Milling – 23.7%
Seoawon- 20.3%
SCP Foundation – 10.9%
Sayangsa- 9.2%
Other- 11.8%
±——————————————–
BJ CheilJedang.
It is a huge food company that no Korean can recognize.
‘It is also the core source of funds for BJ Group.’
There was a problem with that funding line.
Due to the reorganization of the flour market that I triggered.
“When doing business, there are inevitably times when we invade each other’s territory.”
“What is inevitable!”
“But that’s not a reason for us to fight. They say the ground hardens after it rains, right?”
“Well… I agree with the first part, but.”
Such competition.
It’s not uncommon.
The companies themselves are potential competitors.
‘If it’s just BJ CheilJedang, we can survive.’
It is not an insolvent company like the SCP Foundation.
Dumplings made with the right hand are sold well overseas.
The problem is the BJ group.
The situation of affiliates is not good.
The flow of funds is seriously blocked.
“I don’t think there should be anything to hide from each other as it is a position like this. Let’s be honest. BJ Group is in desperate need of investment money right now, right?”
BJ CheilJedang must provide support.
It serves as the group’s source of funds.
I blocked it.
Beleaguered.
Checkmate.
No matter what word you use, it will be roughly correct.
“Hmm, hmm. It’s not that urgent.”
“I’ll tell you this bluntly. If we can’t infuse funds right away, BJ Group will have to cut off several major affiliates within two years. Even then, the management situation will not improve.”
“…”
Even in such a situation, it is stiff.
They are prioritizing their own reputation and pride.
‘To the topic of holding on to a thatched house that is falling down.’
Chaebol.
It appears brilliantly in dramas.
I wonder if there are such great people in the world.
─A chaebol drama that even Jaedragon was shocked to see
[Scene of a chaebol receiving class. Jpg]
[Scene mentioning eating rice. Jpg]
He said he was shocked to see how ordinary people think of chaebols
└Because all dramas depicting chaebols are medieval aristocrats with a modern skin
└I’m really curious if you’ve seen the second son of a chaebol family haha
└But if you look at the Peanut family, it seems like there is a family like that.
└There is definitely education
In reality, that is not the case.
Any world is ultimately a place where people live.
“And the moment this meeting breaks down, we will conduct large-scale short selling on all of BJ Group’s listed companies. I hope you will think of this as not an emotional decision and an investment made because profits are certain.”
“Stop, stop!”
“Yes.”
“We know our situation best! It’s not for us to tell you this or that!”
It won’t last for 1,000,000 years.
If the head of a company makes one mistake.
‘It is a system that acts more fatally.’
These are the pros and cons of being a chaebol.
You can quickly gather opinions within the company.
Demonstrates efficiency in decision-making and investment.
If the direction is wrong.
─The reason why BJ Group is going crazy
1. Türkiye investment failure
2. Acquisition of American entertainment company
3. BJ Live City
The business was promoted when the economy was at its peak
We’re losing trillions of won due to the coronavirus and recession
└(Ugh~ Slut Hoshino Kon)
└I didn’t understand the topic
└Shareholders are probably afraid of the Chairman’s head being a jerk
└Hire an African BJ kkkk
It can also collapse in an instant.
There is no risk-free investment in the world.
‘It would be more effective to make a counter-threat like this.’
It’s a ruined rich house.
The head is still upright
I can’t give up my pride easily.
So we prepared a space.
Dozens of people in this conference room right now.
“Chairman.”
“Hmm…”
“This has just been reviewed. It has been delivered.”
They are experts from our side and BJ Group.
Review the contents of the meeting in real time.
‘Pride and all.’
It is not a situation to argue.
There is no one to pay attention to.
The conclusion reached is clear at a glance.
“It’s not that we have no intention at all. If we didn’t, we wouldn’t have come to this point. But… It means that we can’t back down if our position is not taken into consideration.”
Be polite.
No matter how strong a person you are, if you find yourself in a situation where you feel regretful.
‘I have to clean up the poop.’
Our position.
It refers to BJ Group’s long-cherished business.
It is also the core theme of this M&A.
“Don’t worry, I fully understand. If Food Market and BJ Group join hands, positive synergy will definitely be created for both parties.”
“Well… That’s true.”
“I assume you agree with that.”
“Hmm, hmm!”
It is the Korean Wave.
This can be said to be a goal that BJ Group has been pursuing for over a dozen years.
‘Asia’s largest entertainment company.’
The Turkish business, the acquisition of an American entertainment company, and BJ Live City are all in line.
Expanding your reach in the entertainment industry.
Things don’t go as expected.
Hamada only sucks up funds.
To give it up now.
“If our two companies have a deeper relationship, it will be of great help to each other in overseas business. Specifically, we will introduce your company’s food and promotional methods to the food market franchise.”
The Chairman’s noble pride does not allow it.
Like any role director, he doesn’t make mistakes.
‘A certain LoL manager ended up losing in the best of 5 series.’
There is no end to running a business.
Even at this very moment, I am being beaten like crazy.
The crossroads of choice.
It pushes his back.
No, it leaves you with no other options.
“Doing it overseas… Sounds like giving up on doing business domestically?”
“I hope you think about it in terms of which side you focus on. BJ CheilJedang’s distribution and promotion will proceed without any problems.”
“I can’t believe that alone.”
The funding line has dried up.
I want to maintain my goal.
There is only one option to choose from.
‘We are selling core affiliates.’
BJ Korea Express.
Korea’s No. 1 delivery company.
It is also another source of funds.
As a BJ group, we can never give up.
It is the goose that lays golden eggs, which are unconditionally profitable.
“If things continue like this anyway, the value of the shares will decrease. There may be a deficit at some point. However, we cannot expect synergy with the entertainment industry.”
That is no longer the case.
Lupine.
A competitor has appeared that will overturn the logistics industry.
Korean Newspaper− 「BJ CheilJedang completely breaks up with Lupine and sets out on its own」
Fact News− 「The fight over delivery prices intensifies… Will food companies’ ‘in-house malls’ succeed?”
This is the fundamental reason why the two companies are fighting.
As the market share of Lupine missile delivery increases.
‘Korea Express will have a negative impact on sales.’
In the end, even the market is taken away.
The goose that lays the golden egg is becoming a miserable place.
“If you sell BJ Korea Express to us, we can not only put out an urgent fire, but also help you with your business goals. I assure you that there will be no better deal than this, right?”
“I don’t agree.”
“Then…”
“The problem is the method.”
Take it over.
Food market has it.
Although it is nothing more than a source of funds for BJ Group.
Click!
The value of use is endless.
The second Lupine is lukewarm even to use as a modifier.
‘The entire food industry in Korea.’
It has the power to dominate.
It will reign as the absolute ruler of the market.
“If you review the documents we present, you will be fully satisfied. You have plenty of time, so take your time.”
He holds out a pen and a sheet of paper.
With one sign, the Republic of Korea changes.
* * *
Rumors.
Facts or information spread among people, regardless of whether they are true or not.
Gulp!
It is common in Yeouido Securities District.
Stories that become news are told first.
“Is it true?”
“It’s just a rumor. It’s just a rumor. It’s just that I saw the movement of group officials.”
“Whether it’s a rumor or anything else, we have to figure it out first!”
I’m excited.
There is no basis whatsoever.
Normally I might have laughed at it.
‘No, that’s ridiculous. Such a serious situation cannot happen suddenly.’
There is only one thing.
Hyundai Asset Securities CEO Yoo Yeon-tak cannot hide his embarrassment.
The head rotates at high speed.
At least as far as I know.
“You’re selling BJ Korea Express. You can do that secretly without informing our securities companies?”
“First, CW Securities… In addition to investment business, it also operates as a securities company.”
“I don’t know that, so I ask!”
It can’t happen.
Even if there is, the news will come first.
Because it is that kind of industry.
Understand Korea’s fund flow first.
Gulp!
Except for one place.
I am very concerned about that one place.
“If that’s true, it’s not normal. Maybe, just maybe… The throne of the domestic stock market may change.”
The mouths of Yeouido’s securities men are dry.
