It is foreseeable that after the growth of Heehyon Real Estate Company, it is likely to monopolize the real estate industry in Jeju Island.

At that time, Heehyun will have unimaginable terrifying influence on Jeju Island.

And Jeju Island politics will also be the supporting force behind Kim Yoon-ho.

He is reluctant to accept the investment of big conglomerates, because he is afraid that he will be robbed of this promising political power and influence.

But if the investor only asks for benefits, it is acceptable and can help him solve the financial problem.

So now he wants to find out if what Choi Tae-won said is true.

Kim Yun-ho thought for a long time, and after the bottom of the flower tea in his hand cooled down, he asked, "How can I trust you?" ”

Cui Taewon looked very patient, smiled, and answered in detail: "I knew you would have this question."

In fact, if you look closely at the background of SK Group, you will see that SK does not need to expand its political influence.

The South Korean government has always attached great importance to and vigorously supported the information and communication industry, aiming to build it into an international leading advantage.

Against this backdrop, SK Telecom has a high social status as the leader of the information and communication industry.

Therefore, as long as SK Telecom maintains its leading position, SK Group will be able to remain unshakable.

Therefore, it can be said that the most important thing SK Group lacks is political influence. ”

Choi Tae-won's words are true.

SK Group has a very high social status in South Korea, comparable to Samsung and LG.

Kim Yoon-ho has lived in South Korea for so many years and knows this very well.

But this statement did not fully convince him.

Seeing that Kim Yoon-ho still had doubts, Choi Tae-won continued: "If you are a child of a top Korean family, you will know that I am not lying. SK will not, cannot, or even dare not expand its political influence.

Because... I am the son-in-law of former South Korean President Roh Tae-woo. The political forces behind me are very strong.

This part of the political force is enough to shelter the normal development of SK Group.

But if SK continues to accumulate political power. That would make the government and some people jealous.

If SK Group shows its intention to accumulate political power, it will inevitably invite a joint siege.

That's why I said that SK will not act rashly, let alone expand its political influence easily.

Even if someone hands over Jeju Island's political power to SK now, SK will not dare to ask for it.

I wonder if you are satisfied with such an explanation? ”

The core content of Choi Tae-won's words is the interpretation of 'too much'.

SK already has the support of a former South Korean president, and it is not a good thing to expand its political influence.

If you think about it from this point of view. Chey Tae-won's promise is indeed very solid.

Kim Yun-ho pondered for a moment and replied, "I still need legal guarantees." ”

Cui Taiyuan already had a draft in his heart about this, and opened his mouth to say: "Yes!" I can state in the contract that SK's stake in Heexian Real Estate Company only participates in dividends and supervises the development of the company, and does not participate in the management of the company. ”

To tell the truth, the sincerity expressed by Choi Tae-won is very great.

It is only required to participate in dividends and supervise the development of the company, which is very advantageous.

But Kim Yun-ho couldn't accept it all.

There are too many means for large groups, and all hidden dangers must be completely avoided at the beginning to prevent being dominated by anti-customers.

Therefore, Kim Yunhao bargained: "You can only participate in dividends, and you have no other rights." ”

His tone was unusually firm, and there was a hint of non-rejection in his words.

And Chey Tae-won was not angry, and immediately asked, "Don't let SK send someone to supervise the company's development." So how can SK ensure that its own interests are not compromised? ”

Kim Yun-ho responded: "You can specify the relevant terms in the contract.

For example, if Xixian Company incurs a serious loss. SK has the right to participate in the management of the company or to divest its capital.

But if Xixian has been making a large profit, SK has no right to intervene in anything about Xixian.

Since you only ask for profit, you won't even agree to this request, right? ”

A smile squeezed out of Choi Tae-won's ruddy face: "Okay, just do as you say."

Now that the general cooperation intention has been reached, it is time to talk about the specific cooperation content.

I want SK to hold a 49% stake in Heehyon Real Estate, so what's your asking price? ”

49% is a meaningful shareholding.

On the surface, Choi Tae-won expressed a certain sincerity of cooperation.

But this shareholding ratio is very dangerous.

Kim Yunho frowned slightly and said, "49% of the shares are impossible."

Because I also have to take a large part of the remaining shares and distribute them to other managers.

Once the shareholding is dispersed, SK will become the largest shareholder, which will become a big hidden danger.

I don't want the company to have such a drama as an internal struggle for management rights.

So to avoid trouble, I can only offer you a maximum of 30% of the shares. ”

Kim Yun-ho now has two important partners - Lee Xiao-ra and Kim Yu-moon.

In order to maintain the partnership, he had to leave some of the original shares to the two men.

So he decisively rejected Choi Tae-won's proposal.

After some haggling, the two finally came to an agreement.

SK can hold a 40% stake in Heexian Real Estate.

And Kim Yun-ho plans to leave 51% of his absolute controlling shares.

Of the remaining 9%, he plans to give 5% to Jin Yuwen and 4% to Li Xiaoran.

In the future, he will only consider the right to share dividends as a reward.

After the issue of shares is negotiated, one last question remains.

Choi Tae-won asked, "Say, 40% of the shares, what is your asking price?" ”

Kim Yunhao generously stretched out two fingers: "...... $2 billion. ”

"......" a wry smile appeared at the corner of Choi Tae-won's mouth.

What is called a lion's big mouth.

Kim Yoon-ho's two fingers fully explain the interpretation of the word.

The asking price of 40% of the shares is $2 billion, which translates to $5 billion for the entire Xixian Real Estate Company.

And Kim Yun-ho has invested no more than $500 million in this company in total.

In just a few months, Kim Yun-ho has increased the company's price tenfold.

It's horrible!

Even people like Choi Tae-won, who have experienced strong winds and waves, can't help but smack their tongues.

"It's too expensive!" Choi Tae-won smiled bitterly: "Can it be cheaper?" ”

This moment. Chey Tae-won is not like the head of a top Korean conglomerate. Instead, he looks like an ordinary resident buying groceries on the street. Bargain with the vegetable seller. Plain and amiable bargaining to save living expenses for yourself.

I have to say that Choi Tae-won's amiable performance won Kim Yun-ho's great favor.

"2 billion! Couldn't be cheaper. ”

But the good feeling can't be eaten, and Kim Yunhao will not give an inch for his own interests.

$2 billion, only 40% of the shares sold from a little-known man like Kim Yoon-ho?

If such a business is known by other bigwigs, it will have to make those people laugh off their big teeth.

I'm afraid that for a long time in the future, Choi Tae-won will be embarrassed to raise his head in front of his old partners.

Choi Tae-won, who has a very high social status, is tempted to refuse immediately. Then he put down the harsh words and turned to leave.

But he didn't.

Because Choi Tae-won has his own hardships and considerations.

South Korea's major real estate industry is dominated by several large groups such as Hyundai, and SK is not involved.

SK can enter the market if it wants to, but it can only watch the Hyundai Group eat meat, and it will drink soup with it.

And this kind of meager profit is something that Choi Tae-won can't look down on.

So he wants to take a different path and take the risk of developing Jeju real estate, which no one cares about.

Only the big cake of Jeju Island real estate can accommodate SK's toss.

It can be said that Chey Tae-won's investment behavior is a risky gamble.

He bets that Jeju Island's real estate industry will improve and his investment will return handsomely.

The source of confidence is the recognition of Kim Yoon-ho's abilities and his own judgment.

The worst thing he can do is to use the political power behind him to slightly promote the development of real estate in Jeju Island.

Even if the gamble fails, SK won't lose much. Bearable.

But in any case, the cost of $2 billion in gambling is too high.

Finally, after a tug-of-war bargain. Kim Yunhao clapped his hands and said: "1.2 billion, it can't be lower!" ”

To be honest, Kim Yoon-ho is very bad at this kind of grinding and chirping negotiation.

Except for criminal investigation work, he is extremely impatient with most of his work.

If it weren't for the sake of building his own power, he wouldn't have looked for this sin.

Choi Tae-won used a lot of means to convince Kim Yoon-ho to lower the price.

"I dare say that in South Korea, you can't find a more suitable partner except SK!"

"I didn't want to look for a partner at first, you forced it together."

“……”

If reasoning can't be done, Choi Tae-won began to threaten.

"You can't solve the huge funding gap without investors."

"I can cash out with JMicron."

"Cash out a billion dollars with it? You dream! ”

"You'll pay for it! Because I have a lot of means to ensure that WeChat becomes a phenomenal software. SK Telecom is an important cornerstone of SK Group, and it is a good deal to spend $1 billion to solve the big problems. ”

"You threaten me?"

"You can think so."

"Aren't you afraid that SK will join forces with KT and LGU so that you can't sell it?"

"It's not impossible for competitors to give up the opportunity to catch up and join forces with SK. But at what cost does SK have to pay for this? I'm afraid it will cost more than $1 billion. Will SK trade at a loss? ”

I have to say that Kim Yunhao did hold Choi Tae-won.

Kim Yunhao's timing is too good, when the three major operators are about to start a new round of war, the eye-catching WeChat has become the object of the three parties.

It doesn't work to reason, it doesn't work to threaten, all kinds of methods have been tried, but Kim Yoon-ho has no reaction.

Choi Tae-won also considered other means, but after weighing the pros and cons, he gave up on those ideas.

Two hours later, Choi Tae-won finally relented: "Okay, 1.2 billion deals." ”

At this moment, Choi Tae-won felt relaxed.

The negotiations, which lasted for more than two hours, exhausted him.

He felt that negotiating with Kim Yoon-ho was more tiring than negotiating with those bigwigs.

He even felt that Kim Yunhao was barefoot and not afraid to wear shoes, too strong and too tigery.

Many of the commonly used methods did not work for Kim Yun-ho at all.

Tired!

This is the most intuitive feeling of Chey Tae-won's negotiation this time.

At 10 p.m., the historic negotiations finally had a clear result.

SK invested $100 million in exchange for a 21 percent stake in Kim Yoon-ho, who retains a 30 percent stake. At the same time, Jin Yunhao is responsible for participating in the operation of Zhiwei Company, mainly giving advice to WeChat.

In addition, SK invested USD 1.2 billion in exchange for a 40% stake in Xixian Real Estate and only participated in dividends.

Choi Tae-won smiled triumphantly: "Happy cooperation!" ”

A relaxed smile appeared on Kim Yun-ho's lips: "The faster you cooperate!" ”

Who earns and who loses, the two have their own plans in their hearts. (To be continued.) )