The anchor was also surprised and asked.
-The Prime Minister?
-Yes. Chairman Shin Hyun-ho is known to have a close personal relationship with the Prime Minister, but recently the Prime Minister made a remark that seemed to target the chaebols. Let’s listen to it.
Along with the professor’s words, a small screen in the studio showed the scene of the Prime Minister’s speech.
-In order to become a more competitive Korea in the global era, the large corporations must take the lead in transparent reform. To do this, they must first convert to a holding company system and...
As the screen turned off, the anchor said in a puzzled voice.
-The demand for transparent reform has been ongoing in this administration, but why now?
-I can’t be sure. But it’s a fact that the Prime Minister gained power from Chairman Shin Hyun-ho’s decision. Thanks to that, he can also delay the lame duck of the regime.
-That’s an interesting perspective. Of course, it’s not certain, right?
-Yes. It’s just a guess. It’s so unusual for Chairman Shin Hyun-ho to step up. Haha.
Behind the professor who smiled lightly, Vice President Shin Kyung-wook spoke out.
“Why are you staring at me?”
“You didn’t empty your glass.”
“If you’re worried about me, don’t be. They have nothing to do with me.”
Vice President Shin Kyung-wook emptied his glass nonchalantly, and Yoo-hyun guessed his thoughts.
“You think Chairman Shin made the decision to sort out the shares held by Mrs. Hong’s side, right?”
“That’s probably right.”
“Isn’t that too big of a sacrifice? It seems like the Prime Minister’s pressure also influenced him, as the professor said.”
The fuse of the bomb was spread to the Russian media by Director Lee Jun-il.
No matter how outstanding Congressman Heo Jeong-ro’s Russian connections were, he couldn’t completely stop it.
As a result, Mrs. Hong Jin-hee, who laundered a large amount of money in collusion with Congressman Heo Jeong-ro, was in hot water.
The Prime Minister was the one who covered it up for her.
From this point of view, Chairman Shin Hyun-ho’s move also made sense.
He couldn’t afford to clash with Congressman Heo Jeong-ro, the next presidential candidate, and he couldn’t expose the internal corruption to the public, so he gave a political price.
But Vice President Shin Kyung-wook shook his head.
“There was no clear evidence. It was a level that could be silenced with money. And Chairman Shin is not a weak person who would succumb to the Prime Minister’s pressure.”
“But isn’t it more reasonable than saying that Mrs. Hong, who embezzled the company’s funds, was wicked and decided to do it?”
“It’s not an impulsive decision. Chairman Shin treats the company as his own body. He wouldn’t do that.”
“Then what?”
Yoo-hyun asked and Vice President Shin Kyung-wook calmly answered.
“He prepared for at least a year.”
“A year...”
For a moment, Yoo-hyun’s mind flashed back to the temporary shareholders’ meeting of Elliott and Vice President Son Tae-beom’s reform plan last year.
‘Did he prepare since then?’
That meant that Chairman Shin Hyun-ho had seen through Shin Kyung-soo’s scheme from the beginning.
He didn’t step back from the front line, but he was controlling everything from behind.
As his thoughts reached that far, Yoo-hyun felt a chill down his spine.
This was something that never happened in the past.
When did he change?
Yoo-hyun quickly retraced the parts he missed.
The current affairs program was nearing its end.
-Professor, there was a meaningful remark in the Q&A after the press conference, right?
-Yes. That’s right. It was a question about the acquisition of Shinwa Semiconductor, and Chairman Shin Hyun-ho did not deny it, but said he would look into it after the holding company restructuring was done.
-Five years ago, Chairman Shin Hyun-ho, who had a bitter taste in the acquisition, did not show a negative reaction, which is meaningful, what do you think is the reason?
-I think both the holding company restructuring and the Shinwa Semiconductor acquisition are part of the succession of management rights.
-Succession of management rights?
-Yes. His eldest son, Vice President Shin Kyung-wook, made a great contribution by spinning off Hansung Display. He is now actively involved in the acquisition of Shinwa Semiconductor.
-Yes. We covered that in the last program.
-As I mentioned then, if he succeeds, he will accomplish what Chairman Shin Hyun-ho couldn’t. The opposing shareholders will have no reason to object.
Vice President Shin Kyung-wook snorted.
“That’s quite grand. I don’t care much about it.”
“It’s inevitable that different perspectives will arise as you walk the path. It’s not a bad perspective, is it?”
“It would be if it were someone else. But what about Kyung-soo, who saw this?”
Before Yoo-hyun could answer, the anchor asked.
Park Doo-sik, the manager who returned to Korea earlier than Yoo-hyun, spoke through the speaker.
-Shin Kyung-soo, the director, moved Elliot, but Shin Hyun-ho, the chairman, didn’t budge. That’s the rumor.
“How did you know that? It wasn’t even on the news.”
-I have some connections on Wall Street. I also met some people through the vice president. I heard some stories while having dinner.
“I see. The director must have been embarrassed.”
-Embarrassed or not. He gave up SG Bio, Elliot didn’t work, and if he becomes a holding company, he will have to give up his stake. He must be so frustrated that he wants to die.
“I guess so. He must have been shaken a lot.”
Shin Kyung-soo had also tried to push for a temporary shareholders’ meeting using Elliot last year, but failed.
He also used Elliot and failed this time, but the situation was different.
He lost everything without being able to get any benefits or make any conditions while retreating.
He gave up SG Bio, which he had acquired with a lot of money, hoping for a reversal, but that was all in the palm of Chairman Shin Hyun-ho.
Now that all his moves were blocked, what would his expression be?
As Yoo-hyun thought about it, Park Doo-sik mentioned another part.
-Have you heard about the Royal Family?
“A little. I heard that they made them all step down from the front line.”
-Ah, Hong Jin-hee, the lady, is a lady, but Shin Mi-kyung, the president, is also involved in corruption and is going to resign.
“Really? Then who will be the president of Hansung Department Store?”
-I don’t know yet. But it will soon show its outline.
Chairman Shin Hyun-ho’s personality had a fiery side to it.
He even kicked out his only daughter.
It was something he could never see from him in the past.
This fact naturally led to another news.
-And now this part is not under the group strategy office. The group strategy office was disbanded.
“Already?”
-It’s practically like that. What happened was...
The Royal Family was hit, and there was no way the group strategy office, which assisted them, could survive.
The group strategy office, which had maintained its independence, went into the group operation headquarters.
It changed to a normal decision-making system like any other organization.
The head of the office flew away, and only the responsibilities were fragmented.
What about the executives?
The answer was given by Park Doo-sik.
-Yoon Joo-tak, the vice president, quietly stepped down, so I guess there was a deal behind it.
“He must have spit out the money he smuggled overseas.”
-Or he might have more leverage on the Royal Family. Anyway, Song Hyun-seung, the senior manager, and the two of them took off their clothes. Oh, and Lim Dong-chan, the executive director.
The three people mentioned by Park Doo-sik were all related to the Russian corruption.
They deserved to be hit by Chairman Shin Hyun-ho, who openly defied his eyes.
“I see. What about the others?”
-Joo Jae-oh, the executive director, and Choi Sang-hyun, the executive director, moved to affiliates. They seem to have no energy to seek a reversal.
“Why?”
-They must have been harassed by the Royal Family. And they are being called traitors in the meantime.
Joo Jae-oh, who dreamed of becoming the head of the group strategy office, ended his ambition before it even bloomed.
Yoo-hyun mentioned his end with a regretful voice.
“That’s too bad.”
-Your voice doesn’t sound like it.
“I feel a little guilty.”
-What do you have to feel guilty about? They played their cards without knowing an inch ahead.
It wasn’t a part to care about, so Yoo-hyun shrugged it off.
Instead, he asked about the well-being of the person he was most curious about.
“What about Lee Joon-il, the manager?”
-There’s been no news at all since he hid himself last time. The same goes for the employees who disappeared with him.
“He must have completely hidden his appearance.”
-It seems so. Considering the money he scattered when he left, he won’t be caught. He’s meticulous and planned.
As Park Doo-sik spoke, Yoo-hyun remembered what Nadoha had said a while ago.