The Youngest Son of Sunyang

Chapter 174 Bombs for Sale? 4

"Wait a minute. Jun, what did you just say? Are you sure it's a 3-year bond?"

Vice Chairman Jin's face turned pale. On the other hand, Vice Chairman Jin Yeong-gi was so flustered that he couldn't even speak properly.

"Yes. But I'll set the selling price at 1.4 trillion won. Oh, by the way, it's not the exact figure, but I believe the bank debt is over 400 billion won. So, the debt will be just a little over 900 billion won."

"900 billion?"

The sound of Vice Chairman Jin Dong-gi's head spinning was clearly audible.

It's not about calculations. Three years from now, whether or not he can pay back over 900 billion won is not something that can be precisely foreseen.

The world changes so quickly that it's hard to predict even one year ahead, let alone the company's situation three years from now.

Right now, he must be calculating only whether he can issue bonds worth nearly 1 trillion won.

On the other hand, Vice Chairman Jin Yeong-gi, who had let the upper hand slip away, was searching for words, trying not to shout out that installment payments were impossible, as he could not help but be careful about his younger brother.

It's comical to see the two of them, one rejoicing and the other hesitating.

It's like they are trying to read each other's minds, calculating how to deal with the time bomb with three years left.

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Gradual change can be adapted to. When a few drops of rain fall, you have time to avoid the heavy rain before it pours. But suddenly pouring rain means you have to get wet.

However, danger never comes alone, and it often strikes suddenly. It's like a combination of two or more elements. It's like heavy rain accompanied by strong winds, or a tsunami accompanied by a typhoon.

If the credit card crisis in three years is like a light rain, the mature bonds worth around 1 trillion won could be manageable like a gentle breeze. But it could turn into a strong wind or a tsunami.

If the bond recovery becomes impossible due to the credit card crisis, and the company's finances wither away, the 1 trillion won bonds are no different from facing a nuclear bomb.

The question is, who will take on this bomb?

If it's a financially strong company like Sunyang Electronics, they might withstand the storm, even if it's a combination of strong winds and light rain. But if it's Sunyang Heavy Industries?

Depending on the shipbuilding industry's situation three years from now, it could vary, but it won't be easy to endure. To see the effects of the time bomb, it might be much better for Vice Chairman Jin Yeong-gi to acquire the credit card companies...

"Jun! Are you out of your mind? A 3-year bond? The moment you sell the credit card companies, your income will be cut off. You could be under immediate financial pressure."

Vice Chairman Jin Dong-gi urgently spoke, but it was already too late.

"Brother, please stop talking nonsense. The companies under Jun are practically like banks printing money. What financial pressure?" Vice Chairman Jin Yeong-gi rolled his eyes toward his brother and then turned to me. He was seeking a clear answer. "Jun. Did you evaluate the credit card companies at 1.4 trillion won with the intention of stripping the shares of other affiliated companies?"

"That's correct. Excluding several affiliated companies, we will transfer all the core subsidiary shares. With the inclusion of Sunyang Life and Sunyang Securities, it's nearly reaching 3 trillion won."

"Good. And you're saying you want the entire sales proceeds as a 3-year bond, right?"

"Yes, uncle. We're family, after all."

He smiled brightly at his younger brother. It was like a response to my smile. He then poured some more drinks.

"Alright. Let's leave it at that for now. The details can be discussed by our staff. And, Brother."

"What is it?"

"Let's not raise our voices in front of our nephew. After dinner, you and I should have a private conversation. How does that sound?"

Vice Chairman Jin Yeong-gi's desperate gaze, his last trace of dignity not to lose face in front of his nephew. In response to this gaze, Vice Chairman Jin Dong-gi wouldn't find it easy to say no.

He nodded and picked up his chopsticks.

"Let's eat first. Go ahead, Jun."

"Yes, uncle."

Vice Chairman Jin Yeong-gi spoke with a benevolent expression, as if to say, "When did you become like this? Is your burdened company heavy on your shoulders?" he asked.

"A bit, yes. Fortunately, it's in a field I'm familiar with. If it were a manufacturing business... oh, how would I manage? The factories, the workers, the labor unions..." I shook my head vigorously. "You can tell by looking at Representative Oh Sehyun. Ajin Group, Sunyang Motors, Dae-ah Construction... they were busy managing these companies. It's only because the CEOs and executives managed them like my company that they were able to endure. If it were me, I wouldn't have lasted. Would those executives respect a young me?"

The grandfathers were disappointed because they didn't hear the answers they wanted, but they didn't give up hope. This young guy wasn't used to giving orders or directives yet. He believed that if the business situation worsened and his mental state wavered, they could somehow seize the opportunity.

"Alright, if you encounter anything difficult or challenging in the future, feel free to come and talk to us. We will actively help you."

It's like pretending to consider what the cat brings you. It's disgusting...

"Thank you."

The bomb was put up for sale, and they had seen the bickering over who would buy it. My task was complete. Now, I only needed to wait to grab over 1.4 trillion won. If I raise the selling price too high, the eldest uncle would be at an advantage.

Since they're family, shouldn't the competition be fair?

Should they skim off some interest?

Watching the intense invisible battle between the two was entertaining, but after finishing the course meal and dessert, I had to leave.

"Shall I get going first then? You two are going to talk some more, right?"

"Ah, sure. Go ahead. You did well."

I bowed to the two of them and left the hotel.

I'm a little disappointed. I wanted to show more of a simple side that focuses on winning rather than management or domination, emphasize my dislike for complexity, and my love for making money. If I had done that, maybe I could have diluted their guard just a little.

That thought doesn't seem to leave my mind.

**********

"What do you think?"

"About what?"

"What Do-Jun said. Was he sincere today?"

"Don't overthink it. Whether he hid his true self or if he's just that kind of person, nothing's going to change. Do-Jun needs to take over the company and the shares he holds."