Real Man-Chapter 740

Yoo-hyun hung up the phone and burst into a sarcastic laugh.

‘I thought it was strange that he was so quiet…’

Shin Gyeong-su was preparing a surprise attack from behind.

He was like someone who had been waiting for Chairman Shin Hyun-ho to collapse.

Yoo-hyun’s blood boiled for the first time in a long time.

“This will be fun.”

He had a feeling that his last days at Hansung would be fiery.

Yoo-hyun couldn’t face Shin Gyeong-su’s elite squad alone.

He informed the Innovation Strategy Office of all the possible attacks through Yeo Tae-sik, the head of management.

The Infrastructure Strategy and Management Strategy departments moved, but it was impossible to block all the desperate attacks of the enemy.

While the offensive poured in, Shin Gyeong-su visited the hospital every day.

As if he had planned it, he interviewed at the right time with the hospital as the background.

-The current situation of Hansung Electronics is not anyone’s fault. We shouldn’t blame anyone, but we should join forces and fix it now.

He was doing all kinds of tricks behind the scenes, and his hypocritical appearance was very ridiculous.

Yoo-hyun snorted as he read the article.

“He even moved the political circles?”

The Blue House announced that it would crack down on the moral decay of large corporations.

It was a good pretext for the election season, but there was a knife hidden in it.

If this continued, he wouldn’t be able to buy Hansung Electronics shares with the affiliates’ shares, such as Hansung Display.

There was another problem.

It was when Yoo-hyun was reviewing the situation.

The office door opened and Vice President Shingyeongwook came in.

His expression looked very tired after meeting with the bank presidents.

Yoo-hyun asked him as he sat on the sofa.

“Are you okay?”

“I’m fine. But as you said, the banks are already united. They are blocking the funding with the downgrade as an excuse.”

“They are trying to prevent the acquisition of Hansung Electronics shares.”

“Acquisition of shares… That’s not the problem. Hansung Electronics is in danger of collapsing first. If this goes on a little longer, they will demand restructuring.”

“That’s right. But that won’t be the end.”

Restructuring was just the beginning.

They would use this as an excuse to sell off the company’s core technology and capital to overseas countries such as China and Japan.

Yoo-hyun had experienced this several times in the past.

To repeat this?

That was impossible.

Shingyeongwook, who received Yoo-hyun’s strong gaze, sighed softly.

“This is really shameful.”

“Why are you saying that?”

“I’m not blaming myself for being weak. It’s just ridiculous that I’m making the employees suffer for the sake of one chairman position.”

“This is a fight that has already started. The company will sway, and the employees will tremble with anxiety. Maybe the company will be torn apart in the worst case.”

“Hmm.”

“What if that happens? Will you give up? If everything is fine as long as you step down?”

He didn’t say that this was what Shin Gyeong-su would propose.

He wanted to check Shingyeongwook’s true feelings.

The solution would depend on the answer that came out of his mouth.

Shingyeongwook, who was staring at Yoo-hyun, opened his mouth.

“Your assumption is wrong. How can it be okay if Gyeongsu takes over the command?”

“You were the one who said that people can change.”

“My father used to say that. If you look at the life he lived, you can see his future.”

Father?

He had changed his way of calling Chairman Shin Hyun-ho from ‘Chairman’ to ‘Father’.

Shingyeongwook continued without hesitation.

“I will never give up in any case.”

“Have you made up your mind?”

“Yes. I have to be stronger, because I believe that I can fix the company.”

-I don’t want to become a chairman by sacrificing many people. That’s not right, and it’s not what I want.

He had changed a lot from the past when he spoke innocently.

If he didn’t forget this heart, he wouldn’t fall even if a storm blew.

Hansung needed someone who could be a solid center now.

Yoo-hyun opened his mouth as he looked at Shingyeongwook, who had grown up.

“Then there is a way.”

“A way?”

“Do you remember former Vice President Sontaebeom?”

“Of course I do. But why?”

Sontaebeom was the former head of group operations, who left the company unexpectedly three years ago.

It was when Hansung Display was spun off and Hansung Electronics’ reform was carried out.

Yoo-hyun answered without hesitation.

“I think it would be good to visit him once.”

“Visit him?”

“Yes. He must have a lot of Hansung Electronics shares.”

Shingyeongwook’s eyes narrowed at Yoo-hyun’s answer.

“How do you know that?”

“He’s a founding contributor. The chairman wouldn’t just kick him out.”

“…”

“You have to persuade him. That’s the only way to save Hansung.”

Yoo-hyun’s spirit filled the office.

Clang.

Yoo-hyun came out and organized his thoughts.

Hansung Electronics shares were not something that could be secured with money alone.

The speculative capital, including Elliot, and the creditors, including the Industrial Bank, held the shares tightly, limiting the amount that could come out to the market.

So, from the owner’s point of view, who had to strengthen the governance structure, Hansung Electronics shares were more important than anything else.

Shin Gyeong-su, who became the chairman in the past, couldn’t avoid that problem either.

-You old rats. How dare you hold Hansung Electronics shares and keep your mouths shut? I’ll take them away somehow.

And the answer he found was the shares of the founding contributors.

Sontaebeom, the former vice president, was in charge of managing the scattered shares.

Yoo-hyun thought this time wouldn’t be different.

Then, would the problem be solved if he only persuaded Vice President Sontaebeom?

Tsk tsk.

If he remembered correctly, they only had about 3 percent of the shares.

It was a huge amount, but not enough to beat the speculative capitalists who had Shin Kyung-soo on their backs.

Why did Yoo-hyun mention it then?

Because it could be the trigger to move Shin Kyung-soo.

“I’ll smash him completely.”

Yoo-hyun already had a scenario in his mind to finish off Shin Kyung-soo.

Thanks to the success of Unique and the smart appliances, Hansung Electronics was expecting much better results than last year.

But negative news kept hitting the media.

It was not a simple media play.

They relentlessly dug into the weak link of Hansung Electronics and directed all the arrows to Vice President Shin Kyung-wook.

The media that praised the Shinwa Semiconductor acquisition also became cold.

To overcome this crisis, the Innovation Strategy Office entered an emergency mode.

The key personnel gathered around the management strategy department.

Chief Ahn Jae-kyung was one of them.

-Chairman Shin Hyun-ho collapsed 10 days ago, but he is still unconscious. According to the medical staff…

Thud.

Chief Ahn Jae-kyung put down a cup in front of Yoo-hyun, who was watching the video news.

Yoo-hyun asked him, holding the same cup.

“Is this lavender tea?”

“Yes, it is. I haven’t had it in a long time.”

“You must have a headache.”

“Yes, my head hurts a little.”

Chief Ahn Jae-kyung’s face looked very bad, wrinkling his eyebrows.

He looked more tired than before the launch of Unique.

“Are you okay? You look like you pulled an all-nighter again.”

“I’m fine. I’m more at ease than the other employees.”

“At ease?”

“I at least know what’s going on. The employees who learned the situation through the media must be trembling with anxiety.”

It was as Chief Ahn Jae-kyung said.

-Yoo-hyun, is Hansung Electronics really restructuring? There’s a rumor that each team has been assigned a number of people to be laid off.

Even Deputy Seo Chang-woo from the Hansung Display personnel team was swept away by the rumors. The atmosphere inside the company was not good.

Even if his colleague from the same year didn’t call him, Yoo-hyun had no trouble guessing the mood.

He knew it too well, having cut off countless people himself.

Crack.

Yoo-hyun opened his clenched fist and answered calmly.

“Yes, I feel it too.”

“This flow will last for a while. They’re making so much noise that even the employees’ families are shaken.”

“I guess so. How’s your work?”

“The money is completely dried up. It’s not easy to secure the shares.”

Yoo-hyun’s eyes sparkled at Chief Ahn Jae-kyung’s words.

“Money is not everything.”

“Yes, even though the stock price is fluctuating due to the bad news, the foreign shareholding is solid. The major institutional investors are not selling either.”

“That’s because…”

As Yoo-hyun was about to explain the reason, his phone rang.

Beep. Beep.

-Secured 3 percent of friendly shares from former Vice Chairman Son Tae-bum.

Chief Ahn Jae-kyung smiled, as if he had received the same message.

“It looks like the vice president has done it. He said he secured the shares.”

“Does that mean we can breathe now?”

“Yes, at least we won’t be held back by the low subsidiary shareholding when we convert to a holding company. It will be different if we go to a management fight, though.”

“Do you think it will go to a management fight?”

As Yoo-hyun asked, Chief Ahn Jae-kyung said what he thought.

“I think there’s a high possibility, seeing that the speculative capitalists, including Elliott, are not giving up their shares.”

“What are our chances?”

“It won’t be easy. Even if we win, it will be a half-hearted victory.”

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“You mean Hansung Electronics will be torn apart?”

“Yes, it seems that they already have that in mind.”

Shin Kyung-soo had done a good job of instilling fear.

He blocked the funds for the Shinwa Semiconductor acquisition and used it as an excuse to lower the rating and increase the debt ratio.

If the debt ratio is high, the holding company conversion is impossible.

That was why Elliott, the largest shareholder, demanded the withdrawal of the Shinwa Semiconductor acquisition and restructuring.

What if they don’t comply?

Since they nailed the holding company conversion date to January with a provisional shareholders’ meeting, they had no choice but to get rid of the mobile phone business unit that took on the debt.

That’s what it meant for Hansung Electronics to be torn apart.

Of course, it wouldn’t go as they wanted.

“Don’t worry. That won’t happen.”

“Do you have a way?”

“Of course. I threw the bait, and now it’s time to catch them.”

A meaningful smile appeared on Yoo-hyun’s lips.

Meanwhile, reporter Oh Eun-bi, who received the report from her junior reporter, muttered in a daze.

“Yoo-hyun was the major shareholder of JK Communications…”

The story she learned from the detailed interview with President Hyun Jin-gun was shocking.

Yoo-hyun was a founding member of JK Communications and led the investment of Vice President Shin Kyung-wook.

She wondered how he got close to Vice President Shin Kyung-wook, and now she understood.

There was more to be surprised.

Yoo-hyun, who had connected with Paul Graham through JK Communications, moved BCG to block Elliott’s provisional shareholders’ meeting request two years ago.

He was not even a chief, but a deputy at the time.

As the amazing story unfolded, the hidden picture began to emerge.

Behind this was a long-standing operation of Vice President Shin Kyung-soo.

He was the one who moved Elliott.

Yoo-hyun asked for the interview with President Hyun Jin-gun to reveal this.

‘But why did he tell me not to publish this article for a while?’

Reporter Oh Eun-bi picked up her phone, puzzled.

She was going to tell him that she had interviewed as promised.