Investor That Can See The Future

Chapter 420

The automobile is labor-intensive and technology-intensive, and is an important industry that ranks first in the world’s trade volume.

Therefore, all countries foster the automobile industry as a key industry.

Eunsung Motors has risen to become a global automaker thanks to the government’s support, monopoly on the domestic market, and endless technological development.

It is undeniable that the late Chairman Han Min-koo was a great manager. However, in his later years, due to several mistakes, Eunseong Cha was put into a crisis.

While the Eunsung car was stuck on a hydrogen car and confusion was engulfed by the PAS airbag recall, self-driving cars were commercialized, and logistics trucks running in platoons ran on the road. Then, unmanned taxis appeared, and unmanned buses are also being tested in the middle of New York.

Ironically, advances in technology have resulted in declining sales. There is no need to own it as it can be conveniently used whenever needed.

In the meantime, growth in emerging countries such as China and India has supported demand, but now it has reached its limit. Already, global car sales have begun to grow negatively.

And everyone is fighting for survival.

I saw Chanyoung Han.

He, too, will know the limits of his managerial ability. Of course, that doesn’t mean I’m superior to him in management skills.

So I only invest, but I do not interfere with management. Being still if you don’t know is also a skill.

What will Han Chan-young choose?

If he doesn’t give up on his own and holds on to the end, he will open the gun and go to a vote battle. Maybe they will go out to buy stocks to secure mutually friendly shares.

Either way, I can’t get tired of it.

After a while, Chan-young Han said calmly.

“Please take good care of Eunsung Tea.”

Finally, he got up from his seat.

* * *

[(Breaking News) Chairman Chan-Young Han, CEO Eun Seong-Cha resigns][Only for personal reasons][Eunseongcha, do you fall for Karos?][Caros side will further strengthen support for Eunsung car][Who is the new CEO of Eunseong Cha?]

The news of Chairman Chan-young Han’s retirement soon spread through breaking news. This does not mean that only one Chan-Young Han will step down. Sooner or later, all those classified as his vassals will be withdrawn.

Although OTK Company has invested in numerous companies so far, it has never coveted management rights. But this is the first time the management has changed.

Although some were concerned about mergers and acquisitions, both Karos and OTK Company strongly denied the possibility.

No matter how much Eunsung Motor is criticized for its quality and image, it is a national company that monopolizes 70% of the domestic automobile market.

As there are many related industries and subcontractors, the market accepted this as a big shock.

People’s reactions were mixed.

– Hey! Kang hyung hit the back of the head properly~

– I’ve known since the time Karos and Eunseong-cha formed a partnership. In the first place, I reached out for management rights.

– How is this different from hedge funds that take away management rights?

– No matter how much you suck, Kang Jin-hoo was a speculator in the first place.

-Typical corporate hunter

-I’m disappointed hyung ㅜㅜ I’ve seen it well so far.

-The Chan-Young Han family has grown the Korean automobile industry like this. How can they do this?

– Hahaha What’s wrong with changing managers? So, should Eunsung Car be run by Chan-young Han for a thousand years? After Han Chan-young’s death, will he pass it on to his son?

– If you see a stock price rise close to 5% after a manager change, it means that shareholders like it. Why are you guys so upset that you don’t have a share of stock?

– After all, it is difficult to survive with our own technology. GM and Ford also teamed up with Karos, so it could have been better for Eunsung.

The financial world was also engulfed in chaos.

Until now, in Korea, chaebol management was taken for granted. Therefore, even legitimate actions in the stock market, such as stock purchases or disputes over management rights, were treated as sins.

However, this incident reminded me of the natural fact that losing control in a stake battle could result in loss of management.

If Jinhoo Kang sets out to devour domestic companies, how many companies can survive?

The business community quickly checked their holdings and friendly shares, and considered buying stocks with private equity to increase the share of the major shareholders.

However, it was the Eunseong Tea Union that shocked me the most. As always, the union, which was preparing for a strike as an annual event, was stunned.

“awhile. What will happen if Chan-Young Han resigns?”

“From now on, do I have to deal with Kang Jin-hoo instead of Han Chan-young?

“Then what about this strike? I need to raise my wages as much as I couldn’t raise them last time.”

“I already made all the banners with Han Chan-young’s name on it. Should I change to Kang Jin-hoo?”

For Eunsung, domestic sales are absolute. As it is impossible to import cars produced in overseas factories without the union’s consent, sales are all-stopped when domestic production stops.

For this reason, they went on strike every year to demand a wage increase and welfare benefits, and it worked.

Thanks to this, the wages of workers in the production of silver cars were the highest in the manufacturing industry, excluding IT and special products, and even higher than those of the US and Germany.

The union had already faced Jin-hoo Kang during the last strike. The result, as we all know, was the ruthless defeat of the union.

The strike had to be withdrawn without any income, receiving only huge public criticism. This was the first time in the history of the Eunseong Tea Union strike.

Korea is the most important market for Eunsung, but it is only one of many markets for Karos.

As the electric vehicle industrial complex decided to enter Saemangeum following Gunsan, the influence of the Eunsung Motors union gradually weakened.

But in this situation, you might have to deal with Kang Jin-hoo every time in the future?

Even if they are the same predator, there are people who can eat horses and others who can’t. If Chan-Young Han is a fox, Jin-Hoo Kang is a tiger.

Yang Su-hyeong, chairman of the union, shouted and said.

“You can’t do this! You must not watch this situation where management is replaced by speculative capital! The union must step forward and protect the silver star!”

I don’t know when the union started worrying about the position of president, but all the union members strongly agreed.

“Right!”

“Bring back Chan-Young Han!”

“Our president, let’s protect it!”

The Eunseong-cha union has been shouting at Chan-young Han to take responsibility for her management failure and step down. This time, however, he protested, crying out for Chan-young Han’s return.

* * *

The Eunseong Tea Union decided to go on strike if Han Chan-young did not return to business.

In a way, Eunsung’s management and the labor union have been in an antagonistic symbiotic relationship. However, when one side changed, this symbiotic relationship was broken.

I said on the phone with Daryl.

“If you want to go on strike, do it. People have to do what they want to do.”

As the global division of labor is accelerating, the link between development, production and sales is gradually weakening.

Automobile factories around the world are competing for productivity to secure production volume. In the meantime, Korean-based factories have been out of this competition, but not anymore.

A change in management cannot invalidate an existing labor-management agreement. Therefore, it is impossible to cut the basic wage or reduce the number of employees. However, it is possible to reduce the allowance by reducing the quantity and eliminating overtime.

Even if sales in Korea are suspended for a while, we plan to distribute the volume thoroughly according to productivity.

It may be considered unfair from the union’s point of view, but from the manager’s point of view, there is no reason to supply supplies to factories where productivity is falling and frequent strikes are causing production disruptions.

Daryl agreed with me.

[Eunseong Cha has been a problem with the management and the union as well. In order for the Korean automobile industry to survive, we need to take this opportunity to solve the problem.]

* * *

The world changes faster than people think.

Uncertainty scares people. Therefore, people have always wanted to know the future.

In the past, people used to do divination, but these days people do what is called analysis. Predicting the future by substituting various variables.

In the financial market where huge capital flows, future economic flow is very important. So each institution and experts pour out all kinds of prospects in their own way.

In the past, information was monopolized by powerful people, but now the world is getting better and it is possible to access information with just a few clicks.

From articles analyzing global economic trends to articles by industry and sector, data abounds. The question is whether it is possible to select high-quality materials from the two.

Not long ago, the economic outlook of New York University professor Nouriel Roubini, famous for Dr. Doom, was published in the media.

Taek-gyu looked at it and was surprised.

“what? Will the global stock market collapse within the next year?”

“Look closely. It’s not ‘collapse’, it’s ‘may collapse’.”

“What’s the difference?”

“It’s the difference between whether you can change your words later or not.”

Basically, the economic outlook is one of two things. going up or down. Therefore, almost half of the projections made are likely to be correct.

However, extreme projections such as a surge or collapse are very difficult to match.

If three dice are tossed and the sum of the numbers is predicted, the median values ​​of 9, 10, 11, and 12 are the most likely. On the other hand, the probability of a 3 or 18 with only one combination of numbers 1, 1, 1 and 6, 6, 6 is 1 in 216.

If you get it right, you can become a huge celebrity.

Professor Nouriel Roubini was famous for accurately predicting the real estate crash before the financial crisis. The same goes for Nassim Taleb, author of Black Swan.

Professor Roubini has been screaming bubbles and crashes ever since, but his recent batting average hasn’t been very good. The stock market and real estate keep rising despite his calls.

“Isn’t this economic outlook you should be doing?”

In fact, we receive countless requests for interviews.

Wouldn’t a year’s worth of schedule be full with just that interview? So they all declined. Even Time and Forbes.

The biggest reason is that I have nothing to say. Analyzing the economy is their main job as economists, but the only thing I know how to do is sometimes to look into the future.

How would you be offended if you said something plausible and later turned out to be wrong?

Still, the world is full of people who swear at me, so there is no need to add more.

While I was talking with Taek-gyu, Ellie came over to have lunch with me. Instead of going out because it was a hot day, we headed to the cafeteria.

Ellie asked me.

“Do you know a person named Joo-Kwang Kim?”

“Are you Joo-kwang Kim?”

“They say I’m a singer.”

“Oh, of course I do.”

“I’m listening to a song these days, and the lyrics are so pretty.”

“What song are you listening to?”

“Magic Castle.”

It’s a song from a generation ago, but it’s so famous and has been remade a lot, so it’s a song most people know when they hear it.

Taehyung said quickly.

“Ah! Magic Castle is a real masterpiece. Do you know that it is music that I made while I was playing a game?”

“really?”

“Yes. They said they made it after clearing the game ‘Prince of Arabia’.”

Ellie was amazed.

“There was a story like that.”

I didn’t know either. I thought the lyrics were fairy tale, but it must have been inspired by a game.

“We met a few days ago for work. I also got a signed CD. They said they would hold a concert at the end of the year, so let’s go see it together.”(Read more @ wuxiax.com)

Taek-gyu asked as if he didn’t understand.

“For work? What’s going on with Golden Gate?”

“I am now the head of the real estate management division, and I often trade our ETFs.”

At Ellie’s words, Taek-gyu’s expression was even more incomprehensible.

“Are you the head of real estate management? Who?”

I said to Taek-gyu.

“I did not know? Kim Joo-kwang’s main job is a fund manager.”

Taehyung was astonished.

“What? Really?”

“He even launched a passive fund called the Magic Castle Fund, which he managed. The returns were pretty good.”

“Aren’t you kidding?”

“Really. If you search the internet anyway, you will find everything.”

It’s a fact that everyone in the financial world knows, but most people don’t know. To the general public, he is much more famous as a singer than a fund manager.

This is a fact that I learned after entering the business administration department.

I asked Team Leader Jeong Ki-hong, who was having a meal with the staff at the next table.

“Chief Kim Joo-gwang, who works at Real Estate Management, didn’t you come to our school before?”

Team leader Jeong Ki-hong said quickly.

“Ah! of course. Every year at job fairs, he came and sang a few songs.”

It was then that Taek-gyu started to believe.

“Besides Magic Castle, there are many other famous songs like ‘Farewell Letter’, ‘Wolf’, and ‘Seoul Girl’. But isn’t your main job a singer?”

“Huh. Singing is a hobby or a side job.”

“You said you made such great songs as a side job?”

“Yeah.”

There are people in the world who have both talents that seem unrelated.

Most singers have a hard time producing a single hit song even if they try their best, but for some, a song they made as a hobby is sung across generations.

When I see this, I realize once again that the world is not fair.

But this is not the case. There are lawyers with model-like beauty… … .

“Only you, your main job is a vice president, but your side job is an otaku.”

Taek-gyu shouted in anger.

“What are you talking about!?”

“I’m kidding.”

“My main job is an otakugo, my side job is a sub-representative.”

“… … .”

Oh, was it?