The penniless son of the penniless ...

The company executives who understood the interests involved quickly and wholeheartedly chose to stand on Chung Mong-koo's side. After all, Chung Mong-sun and Hyundai Group were really lame. Following this chairman, they had to go hungry three times a day and could barely pay their salaries. What future was there for them? !

So they reached an agreement with the lobbyists of Hyundai Kia Automotive Group in private. As long as Hyundai Kia Automotive Group initiated a takeover, they would never resist. When the extraordinary shareholders' meeting and the internal meeting of the company's senior management were held, they would absolutely support the decision of Hyundai Kia Automotive Group and Chairman Chung Mong-koo!
It was precisely because of their statements that Chung Mong-koo felt that the time had come, and he immediately ordered his subordinates to contact the traders at the Korea Stock Exchange to first acquire all the outstanding shares of Hyundai Construction, Hyundai Heavy Industries, Hyundai Electronics Industry and other companies, and at the same time contact the shareholders of these companies to take away the company's shares from them.

……

Of course, as Hyundai Kia Automotive Group continued to move, it soon attracted the attention of some people. In particular, Hyundai Group Chairman Chung Mong-sun, who had just obtained a large loan from Woori Bank, was relieved when he heard this series of bad news and almost flipped the table on the spot!

Good man, this is simply "killing him while he's weak", he must be killed! Otherwise, why would they choose to attack him at such a critical moment? They are completely powerless to fight back!

He was still asking his subordinates to make decisions? It had come to this point, how could he have any ideas to deal with such a situation?! He had already risked his face to plead for mercy at the Blue House, and his father, Chung Ju-yung, had almost repaid the favors they had received. How could they possibly wade into this muddy water again?
"...The company has supported you for so many years. At this critical moment, can't you come up with any solution to deal with the current situation?!" Zheng Mengxian angrily pulled off his tie and roared at his subordinates beside him.

"... President, didn't you get a large loan from Woori Bank? If you want to use the money for emergencies..."

Hearing his subordinates plotting against this "life-saving money", Zheng Mengxian became even more annoyed, "Shut up! This money is used to maintain the operation of the group. If it is used for other purposes, what will happen to the entire group in the future? If the group collapses, all of you will lose everything you have now!"

The subordinates who were originally feeling a little aggrieved looked very unhappy after being yelled at by Zheng Mengxian. If the management rights of those companies were lost, at most they would be scolded by the chairman. What other punishments could there be?

But if the entire group collapsed, wouldn't he be out of business after working so hard to get to this position? This was something he absolutely didn't want to see, and wouldn't allow to happen. After all, "I'd rather die than my friend die"!

……

In the end, Zheng Mengxian had no better solution. He could only refer to the previous strategy of Hanjin Group. Faced with the strong acquisition by Comet Capital, he chose to abandon the company to save the driver when he was short of funds. He tried his best to keep the more valuable subsidiaries, while other subsidiaries that were less important were abandoned by him.

Facing the order issued by Chung Mong-sun, the heads of the group's subsidiaries had different expressions and thoughts. The heads of the companies that chose to give up were cursing in the office, angrily accusing Chung Mong-sun of being extremely incompetent and unable to even save the company passed down by the old chairman. The old chairman was really blind...

Some smart leaders also saw through the incompetence of Chung Mong-sun and thought of finding another way out. In the eyes of these "old servants" of Hyundai Group, Chung Mong-koo, who left the Hyundai Group and started a new business and is now doing well, is undoubtedly a good candidate for him to join.

Of course, there are also some people who have set their sights on joining the Five Star Group, SK Group and even the Yuetian Group.

------Dividing line------

In Comet Capital, in the chairman's office, Zhang Junfeng was reading intently a document that Wu Xiuying had just handed over.

Wu Xiuying, who had been ignored for a long time, frowned slightly and couldn't help asking, "Boss, why are you so interested in Li Mingbo, a small councillor?"

Zhang Junfeng continued to look at the information while smiling and said, "This Mr. Li is not just a small congressman! If I am not mistaken, he should be an important chess piece left by the former chairman of Hyundai Group, Chung Ju-yung!"

"However, it seems that Chung Ju-yung did not hand this chess piece to Chung Mong-sun... or maybe he did, but Chung Mong-sun's situation has been too bad in the past two years, and he does not have the extra financial resources to maintain this important chess piece..."

"Important chess piece? Then why is he still just a councillor now?!" Wu Xiuying was very confused. In her opinion, Li Mingbo should not be that important! Otherwise, why is this guy only a small councillor now and not given a higher position?

Zhang Junfeng smiled and explained, "That's because you didn't pay attention to some details. For example, he worked for Hyundai Construction, a subsidiary of Hyundai Group, for 27 years. What made him voluntarily give up the position of president that he had already obtained, quit Hyundai Group, and then start a new career in politics?"

"You have to know that he was born in poverty, and he finally became rich and lived a comfortable life. If there was no special reason, why would he make things so difficult for himself?"

Hearing Zhang Junfeng say this, Wu Xiuying also reacted immediately, "So, Boss, you mean that the then chairman of Hyundai Group, Chung Ju-yung, gave him an order to embark on a career in politics?"

Zhang Junfeng smiled and nodded, "Yes, everything should have been arranged by Chung Ju-yung, but he probably didn't expect the sudden outbreak of the Asian financial crisis a few years ago, and Hyundai Group was also in a mess. Then there was the internal fighting between the brothers Chung Mong-sun and Chung Mong-koo, so it's normal for him to be forgotten or ignored."

After receiving Zhang Junfeng's affirmation, Wu Xiuying continued with a smile, "So, Boss, are you planning to contact this Li Mingbo? Or even recruit him to our side?"

"I do have plans in this regard. But these plans will have to wait until after our trip to Japan to be arranged. If Chung Mong-koo works harder and successfully acquires the subsidiaries of Hyundai Group, then he can go with me to meet Li Mingbo as the true heir of Hyundai Group, and the effect will be better!"

Although Wu Xiuying was not quite sure why Zhang Junfeng was so concerned about this guy named Li Mingbo, this arrangement could indeed achieve the best results.

Since the other party was willing to give up his lucrative job at Hyundai Group just because of a few words from the old chairman Chung Ju-yung, he must have very deep feelings for Hyundai Group and the Chung family.

Even if Chung Mong-koo leaves Hyundai Group and starts his own business, he is still Chung Ju-yung's son, and his abilities are much better than Chung Mong-sun, the useless fool!

Seeing Wu Xiuying's enlightened look, Zhang Junfeng thought to himself, "No one would have thought that Li Mingbo, who came from a poor family, would become the mayor of Seoul two years later, and even more so, the man standing at the pinnacle of power in Goryeo many years later, safeguarding the vigorous development of large domestic enterprises and chaebols."

Another major reason why Zhang Junfeng took the initiative to mention him is that Mr. Da Zhong’s term of office is about to be halfway through. When the next Mr. Wu Xuan, who is a lawyer, takes office, these large domestic companies and chaebols may not have such an easy time!
In his previous life, Mr. Wu Xuan had killed Choi Tae-won, chairman of SK Group, and Chung Mong-sun, chairman of Hyundai Group. Even Chung Mong-sun, who had poor psychological endurance, could not bear the pressure and chose to commit suicide by jumping off a building.

Now, due to Zhang Junfeng's intervention, there are two more "giants" among the large enterprises in Goryeo, Comet Capital and Galaxy Group. Even the Five Star Group has grown stronger than in the previous life. It is hard to guarantee whether Mr. Wu Xuan will directly point the spear of power at them after he comes to power.

Recruiting a politician like Li Mingbo who is grateful and capable, and keeping a backup plan in advance for unexpected events, is also a wise move!

……

Inside the office of the chairman of Hyundai Kia Automotive Group.

The three brothers, Zheng Menggen, Zheng Mengyu and Zheng Mengzhun, looked at their second brother Zheng Mengjiu with smiles on their faces. They had also heard about the frequent moves of Hyundai Group and the news from the stock market. This time they came here to get some information and express their attitude to the other party. But before this, the three brothers did not expect that Zheng Mengxian could be so useless that he turned a good situation into the current bad state. The Mt. Kumgang tourism project that lost so much money was just a useless chicken rib.

He followed others and invested in Daum, hyping up its stock in the hope of making a fortune, but ended up being stuck at a high position, causing the entire group to fall into a financial crisis. This guy is really "not good at doing things, but good at making things go wrong"!

"Second brother, it would be great if we could really get the operating rights of several subsidiaries from Hyundai Group this time! We must make that guy Chung Mong-sun pay a heavy price this time!" The speaker was Chung Mong-geun, a die-hard supporter of Chung Mong-koo.

When Zheng Mengyu and Zheng Mengzhun heard what the third brother said, they smiled at each other. At this moment, the brothers in the office felt a sense of satisfaction as if they had "avenge".

The reason why they followed Chung Mong-koo and left Hyundai Group was because they looked down on Chung Mong-seon, the fifth brother who relied on flattery to get to the top but had little ability?
The reason why they stood on the side of the second-in-command Chung Mong-koo was not only because the other party was more capable, but also because the other party had the support of Comet Capital. Since standing on the same side with the other party, the companies they each managed in the past two years have also received certain help from Comet Capital, and their lives have been quite comfortable.

It can be said without exaggeration that they have already formed a complete community of interests. The stronger the leading second brother Zheng Mengjiu is, the better life will be for the brothers who follow him.

Of course, they also have some selfish motives and concerns. For example, if Chung Mong-koo is so aggressive in taking over the subsidiaries of Hyundai Group and competing for their management rights, would he think about remerging the industries they manage?

If this is the case, their "honeymoon period" may come to an end. After all, they are used to the feeling of being alone in making decisions, and they don't want someone to tell them what to do in the future.

Of course, the third and fourth brothers would not take the initiative to ask such questions. The sixth brother, Zheng Mengzhun, who had a relatively distant relationship with them, naturally became the most suitable person to ask the question.

……

After hearing Chung Mong-joon's question, Chung Mong-koo readily expressed his opinion. What he wanted was to take over all the subsidiaries of the Hyundai Group headed by Chung Mong-seon and then form a new Hyundai Group.

As for the companies managed by each of these brothers, they can join in if they are willing. If they want to remain independent, he, as an older brother, will never force them, nor will he force them by any means.

After hearing what Zheng Mengjiu said, the three of them finally felt relieved. Although the Hyundai Group was extremely glorious in the past, how much did it have to do with them? Although the company they managed now was much smaller in scale, it was still their own business after all, and they could leave it to their children to inherit.

Zheng Mengjiu watched the little actions of his brothers. How could he not know what they were thinking? However, they did not speak out. The relationship between them could still be maintained as before, standing in the same camp to deal with their common enemy, Zheng Mengxian.

Moreover, in his conception, the automobile industry will be the key development industry of the new Hyundai Group. As for companies in other industries, they are only auxiliary and not that important to Chung Mong-koo.

If they can get them, it will be icing on the cake, which is naturally a good thing. If they can't get them, there will be no loss for them.

After all, their Hyundai Kia Automotive Group has now successfully established a foothold in Longguo and even other Asian countries. In addition, the synergy between several core new departments established in the past two years has begun to increase significantly, and the group's R&D capabilities and competitiveness have also been greatly enhanced.

According to the speculation of his trusted subordinates, by 2001, the automobile production volume of their automobile manufacturing group will exceed 200 million vehicles, the sales volume will exceed 150 billion US dollars, and the net profit will most likely reach about 10 billion US dollars.

Such results also brought great confidence and motivation to Chung Mong-koo. He firmly believed that as long as he took over other subsidiaries of Hyundai Group and used them to improve the industrial chain of Hyundai Kia Automotive Group, their net profit would be able to increase.

……

Just when the four Zheng brothers were happily chatting in the office, a subordinate knocked on the door and after getting permission, he quickly walked up to Zheng Mengjiu and said softly, "Chairman (Mengjiu), I have something important to report to you. It's about the current subsidiaries of the group..."

There were other important people in the office now, so he did not report directly to Chung Mong-koo as he had hoped. After all, how could they, the subordinates, guess what the chairman's attitude was towards these brothers?
Seeing his subordinate's hesitation, Zheng Mengjiu waved his hand and said with a smile, "You are not an outsider in this office. What is there to hide? Just say it directly!"

After getting permission from Chung Mong-koo, the subordinates took advantage of the news from the secretary's office that the presidents of more than 10 companies including Hyundai Precision, Incheon Steel, and Hyundai Capital hoped to discuss cooperation with us..."

"Haha, second brother, your good luck has come this time, it can't be stopped!"

"Isn't it? So many subsidiaries want to negotiate with you. It's obvious that Zheng Mengxian is unpopular. The presidents of those companies don't want to work with him anymore!"

"You're right. Zheng Mengxian's good days are coming to an end! Looks like we should congratulate our second brother in advance!"

……

Listening to the compliments from his brothers, Zheng Mengjiu was also smiling. He was very glad for his previous decisive decision. Now things were developing just as he expected. As long as they followed the plan, it would be a sure thing for them to obtain the operating rights of many subsidiaries!
As for funding, they have the support of financial giants like Comet Capital, so they don't have to worry at all. If Zheng Mengxian has the courage to fight him to the end, that would be great!
If he does this, not only will Zheng Mengxian's limited funds not be able to maintain the operating rights of these subsidiaries, but the financial situation of Hyundai Group will be further aggravated. How will he choose between watching the decline of Hyundai Group and aggravating the bankruptcy of the entire group?
……

A few days later, when the two brothers Chung Mong-koo and Chung Mong-sun were engaged in a "fierce fight" in the stock market, Zhang Junfeng had already boarded a flight to Japan with Wu Xiuying, three bodyguards, and a female assistant who was fluent in Japanese.

As for the battle between the Zheng brothers for the company, Zhang Junfeng had enough confidence in Zheng Mengjiu. Before leaving, he made relevant arrangements and notified Kim Jung-tae, the chairman of KB Bank, to prepare for a large loan in seconds to provide financial assistance to Hyundai Kia Automotive Group.

Wu Mingxi, who stayed in Comet Capital, can also serve as a mobile support to help Zheng Mengjiu take over the management rights of those companies.

He has already arranged the plan so carefully. If Chung Mong-koo still cannot achieve his goal successfully, then he should stop thinking about those trivial things and just manage the Hyundai Kia Automotive Group well!

……

"Boss, after we arrive in Tokyo and complete our mission, can we go visit Tokyo Tower, Sannenzaka, Kamogawa and Kinkakuji Temple? Those who have seen it say that the scenery is beautiful..." Wu Xiuying, who was sitting next to him, suggested with a smile.

"…If you have time, you can stop by and take a look. But our schedule is quite full this time, so it will be difficult to finish it ahead of time~!" Zhang Junfeng, who was originally flipping through an English magazine, smiled and looked at the other party and teased him. (End of this chapter)