Investor That Can See The Future

Chapter 256

Eunsung Motors is experiencing the worst crisis since the International Monetary Fund (IMF).

Airbag recall, sales and operating profit decline, doubts about Han Chan-young’s management ability, union strike, etc.

One of the worst conditions above all is the bad relationship between me and Eunseongcha.

I did help a little with the airbag recall, but I was the one who made it happen in the first place. Some even said that Karos would target the silver car and attack it.

Well, it wasn’t that I didn’t mean to, but… … .

In any case, these concerns overlapped and continued to pull down the stock price of Eunsung Motors. The bulletin board of Eunsung car was full of resentment from individual investors.

– Dogs. Do you not manage stock prices?

-It’s Chanyoung Han, and I want everyone to die as a union member.

– Just throw it all away and cover it up.

– I’m the one who bought Eunsung car stock.

– I love you so much, honey. I’ll do better

-I am sorry to the wife who has an ugly husband who invested in Eunsung car stock!!!

– Please do something!

– Hangang Gazzah!

Institutions, foreigners, and individuals alike poured in for sale, and we quietly and steadily bought stocks on the market.

OTK Company bought exactly 4.97 percent. If it exceeds 5%, it is stopped before that because it has to be disclosed.

Golden Gate’s Korean branch also bought 4.9 percent. This stake will later be taken over by OTK Company as a block deal.

And finally, the negotiations with Eunsung are over.

Hyunjoo noona called us and told us about the outcome of the negotiations.

“Based on yesterday’s closing price, OTK Company will take over 9% of Eunsung’s treasury stock, and Karos will sequentially purchase BW worth 8 trillion won. In addition to the current 18 percent stake, we can raise our stake to 40 percent by adding an additional exchange-traded purchase and new stock purchase.”

BW stands for Bond with Warrant. As one of the convertible bonds, the principal and interest are repaid at maturity like bonds, or you can choose to purchase new stocks instead of money. Instead, the interest rate is much lower than that of ordinary bonds.

The reason why I chose this method was because of Eunsung’s financial power. Eunsung Motors has already spent a lot of money on airbag recalls and strikes, so it lacks the funds to carry out large-scale investments.

Existing shareholders will not oppose the issuance of BW as this is to obtain cooperation from OTK Company. No, I would rather hurrah.

From the standpoint of buying BW, I have to help out as much as I can make a bigger profit only when the stock price of Eunsung Motor rises.

Well, if you get something, you have to give something.

“Putting Eunsung Motor as the top priority among automakers, preferential supply of autonomous driving modules, priority supply of OTK batteries, and guarantee of certain goodwill in Asia and Eastern Europe, etc.”

The infrastructure that Eunsung Motors has built up so far is not formidable. Above all, having a production capacity of close to 10 million units per year is a great strength.

The stake is also a stake, but as the number of cars equipped with autonomous driving software and OTK batteries increases, our profits continue to grow.

The CEOs of OTK Company, Suseong Group, and Eunsung Cha Group gathered at the Ceylon Hotel Convention Center to sign autographs.

Chairman Chan-Young Han said through the media.

“Through this business agreement, Eunsung Motor will be reborn as a company that can lead the future car market.”

As soon as the news went out, Seosung Electronics and Seosung SB soared nearly 5 percent, and the price of Eunsung Motors soared right up to the price limit.

Individual investors, who had been swearing on the bulletin board until just before, cheered all at once. However, most people said that there was still a long way to recover the principal.

Taek-gyu looked at the article and said.

“Five! good reaction I praise Kang Jin-hoo for finally doing something good.”

That’s why everyone is thirsty for work.

I smiled.

“But the Eunsung Tea Union doesn’t think so.”

* * *

In the meantime, the Korean Automobile Union has been fighting with the Eunsung Automobile Union as a role model. But suddenly, due to poor management, GM closed the Gunsan plant.

After the collapse of Eunsung Heavy Industries, even GM closed its plant and left, and the local economy in Gunsan was hit hard.

Noh Hyeong-jun, who once worked as a non-regular worker at a GM factory, passed by a dimly lit shopping mall. He had already had dozens of interviews, but finding a job was a star in the sky.

‘What the hell did I do wrong?’

There have been rumors that GM may completely withdraw from the Korean market. There’s really no way it shouldn’t be. GM has a history of doing so many times.

As with auto unions in all countries, Australia’s auto unions were also strong. GM showed signs of closing its factories when the Australian government’s subsidies were cut off, and the union, which had been fighting hard before that, cut wages and benefits and promised not to strike, but GM withdrew without any regrets. did. So Australia’s last auto factory disappeared, and all the workers there became unemployed.

‘I was just working hard, earning less than 30% of a full-time job.’

Still, the permanent employees were in good shape. Because I received a large amount of severance pay and either resigned voluntarily or moved to another factory. However, irregular workers were left with nowhere to go. All I had to do was receive 10 million won in compensation and some unemployment benefits.

‘We didn’t even go on strike.’

After all, a strike would only improve wages and benefits for regular workers, but it had little to do with non-regular workers. Still, it suffered the most damage.

I’m sorry, but I have nowhere to complain. Because it’s a non-regular worker.

The studio, which was once filled with factory workers, is now empty. Even if I asked them to come in and live after paying the management fee, no one came in. The owner of the building, unable to bear it, offered the building for less than the cost of construction, but no one came to see it.

Noh Hyeong-jun met a friend after a long time to have lunch. The meat restaurant, which was once crowded with people, was empty.

The regular shopkeeper greeted her first customer for lunch with a helpless smile.

The two put meat on the fire and clashed soju glasses.

“Is the job worth it?”

“It’s just forced. After taking this and that off, 150 degrees per month is intermittent.”

“I’m glad I found a job, though.”

“How much more? After all, I am a non-regular employee.”

Even if you say that, even a job like this now is a breeze. There is not even that, because there are not one or two people playing.

“Even though the situation is like this, the Eunsung Tea Union is on a full-scale strike. It’s been almost a month?”

“These days, Eunseong-cha’s situation is serious.”

“They don’t seem to feel anything when they see the factory shut down here.”

Noh Hyung-jun sighed.

“However, there is no way the domestic factory of Eunsung Motors will go bankrupt.”

As long as GM is headquartered in the US and is focusing on the US market, it is not necessary to have Korea or Australia. However, Eunsung Car is a Korean company and is highly dependent on the Korean market. Therefore, no matter what happens, the factory will not be closed. The union is well aware of that fact, so they are pushing the company to the brink and fighting.

“What are you going to do next?”

“Well.”

He was born and raised in Gunsan. All his family and friends are here. He did not want to leave the city, but there is no other way.

But even if he goes elsewhere, there is no guarantee that he will find a job. It’s been a frustrating situation ever since.

The friend who was drinking soju looked blankly at something.

“What is it?”

Then the friend shouted at the store owner.

“old lady! Turn up the volume a little!”

Emergency breaking news was playing on the TV. Kang Jin-hoo appeared on the screen, and the subtitle ‘OTK Company, Seosung Group, Eunsung Motor Group’s business agreement’ was shown below.

Jinhu Kang announced towards her camera.

“OTK Company has decided to make Eunsung Tea Group a strategic partner in the Asian market,” she said. In the future, we will cooperate with each other in the fields of autonomous driving and electric vehicles, and OTK batteries will be supplied first. In addition, we agreed to have Eunsung Motor participate in the investment plan for the electric vehicle industrial complex, which was being promoted with the Seosung Group, and to create an industrial complex with an annual production capacity of 200,000 units in Korea.”

The two of them forgot the meat on the fire and just stared blankly at the TV.

Jinhoo Kang continued to explain his investment plan. It plans to produce at least 200,000 electric vehicles every year and employs a whopping 15,000 people.

This is the amount of direct employment within the industrial complex, and considering the impact on related industries and local commercial areas, it can be said that there will be two or three times the number of jobs created.

This is the equivalent of creating a whole new city!

The story that followed was even more shocking.

“In the industrial complex, a solidarity wage system will be applied, and the basic wage is set at 36 million won based on the starting wage. This applies equally to factories of large corporations as well as factories of subcontractors. Since bonuses and bonuses are paid separately, the average wage is expected to be over 40 million won. If production increases, we will try to increase the number of jobs by hiring more regular workers rather than increasing overtime and overtime.”

The friend muttered.

“If that were to enter Korea, where would it be most influential?”

Noh Hyung-jun shouted as if he had nothing to think about.

“Yeah, of course it’s here!”

I don’t think so because I’m from Gunsan, but there is a closed GM plant here, and there are subcontractors who supplied it.

And there are still a lot of employees who used to work in the factory. They could be put into the field right away without any vocational training.

In other words, it is the fastest way to create an industrial complex compared to other regions.

Her master aunt jumped up and raised her arms.

“Now I live! Now live!”

* * *(Read more @ wuxiax.com)

As soon as the article went out, the whole city of Gunsan shook.

People who were trying to leave in search of work stopped walking, and self-employed people who were trying to quit their business postponed their closure. And studio owners and building owners quickly picked up the property they had offered at a low price.

Complaints from residents poured in to Gunsan City Hall and Jeonbuk Provincial Office. No matter what happens, the electric vehicle industrial complex should be attracted.

Chemical factories that are concerned about the emission of harmful substances or cement factories that emit dust are to be avoided. However, automobile factories that emit less harmful substances and have a large employment-inducing effect are welcome everywhere. Although there were concerns about the battery factory, Seoseong C&T, which was established as an industrial complex, declared that it would create a state-of-the-art, eco-friendly industrial complex.

The mayor of Gunsan and the governor of North Jeolla Province ran to Seoul to meet with CEO Kang Jin-hoo, Chairman Im Jin-yong, and Chairman Han Chan-young.

Korea Development Bank, the second-largest shareholder of GM Korea, expressed its intention to quickly consider selling the plant and participating in the stake.

Other regions also did not just have arms crossed.

The same was true for metropolitan cities, which were suffering from weakened manufacturing competitiveness. Young people left for Seoul and the metropolitan area in search of work, and the city lost its vitality.

As the local economy becomes difficult, taxes are not collected well, and the local governments do not have money, so they cannot properly invest in infrastructure and provide various supports. This again led to a vicious cycle of young people leaving the city.

The only way to break this vicious cycle is to get a decent job.

As long as you have a good job, you can attract any number of people. When people gather, the local economy and commercial districts are activated, and local governments can create various cultural facilities and infrastructure.

– Starting salary of 36 million won.

-If you include this and that, the average annual salary will be around 40 million won.

– That’s great. I don’t know what it’s like in Seoul, but in rural areas, this is a complete arigato.

– It’s surprising that even if you spread it like that, it’s less than half of the average annual salary of the Eunseong Tea Union.

-If you choose me, I will risk my life and work! I will work twice as hard as the Eunsung Tea Union!

– CEO Kang Jin-hoo! Please make an industrial complex in Gunsan. Please.

– What are you talking about? Gwangju is the best place for an industrial complex. It is the wish of all local residents. We will clean the road so that CEO Kang Jin-hoo can come down comfortably.

– How about Busan? If you think about exports, isn’t Busan the best? No, if you just build a factory, I’ll definitely show you what a Busan man’s fighting is!

Gwangju Mayor, Daegu Mayor, Busan Mayor, Chungbuk Province Governor, Gangwon Province Governor, local council member, constituency legislator, etc. Everyone stepped out to attract industrial complexes.

The Eunseong Tea Union, which was continuing a full-scale strike, was engulfed in shock. The union members were puzzled.

“What is this?”

“Why are you like this again after Kang Jin-hoo?”

“Didn’t this child say that he had no intention of investing in Korea?”

Joo Seong-moo, chairman of the union, felt like he had been beaten in the back of the head

‘What will happen if this happens?’