The 4th Generation Chaebol YouTuber

Chapter 3

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Five minutes later, I was back in the representative’s office.

“Did you poop? It will take a very long time.”

Go Hyun-seok was sneering.

No one in this room would think that I was just peeing.

“Who were you talking to?”

“…”

I didn’t answer.

“Is it your hat? Didn’t you hire a lawyer or something? Anything more…”

“hey!”

Ko Hyeon-wook shouted and cut him off.

Perhaps what he was trying to say was ‘to tear off even a little bit more’.

If those words had come out, the atmosphere of trying to continue the conversation as smoothly as possible would have been destroyed, as Ko Hyeon-wook thought.

“I wasn’t hired.”

When I said it firmly, Ko Hyeon-seok flinched.

“Ah, yes.”

To the subject that suddenly made me look straight.

From the beginning, Ko Hyun-seok was like that.

Ko Hyeon-wook was big and not very handsome, but he was still a dignified figure that could be used as much as he could.

He always had a smile on his face and benefited from that.

The truth is, these people are often the worse ones. However, Ko Hyeon-wook and I have never had a big clash.

However, Ko Hyeon-seok is really the ‘second son’ of the shadows, he is not big, and the genetic combination is wrong.

In one word, ugly.

Even their mother isn’t that ugly.

He was ugly and used to bully me very openly.

I remember the time when I was first introduced to him as an older brother by my father, and I was delighted without knowing it.

Ko Hyeon-wook looked at me like a cow and chicken, and Ko Hyeon-seok was impatient because he couldn’t eat me.

I got along well with Hyun-min, who was the same age as me… Maybe because of that story, he is now excluded from this meeting.

“good. Then, let me talk.”

Ko Hyeon-wook glanced at Park Seong-soo’s face this time and spoke up.

They must have planned something among themselves while I went to the bathroom.

Maybe my reaction was quite different from their expectations.

‘How long have I been going to endure it? As long as that Ko Hyun-seok shuts his mouth.’

“yes.”

For the moment, I answered with a smile to Go Hyeon-wook, who maintained a friendly attitude.

“First of all, our country has changed a lot these days.”

“Yes. I’m not sure what you mean by that.”

“These days, I have a lot of interest in inheriting large corporations. In the old days, it seemed easy to put pressure on the media to keep quiet about inheritance. But now the seeds haven’t been eaten.”

Go Hyun-wook said with a wry smile.

“I guess so.”

“So, our L Group’s business succession is almost as if it is being broadcast live to the entire nation.”

“yes. I have seen it a lot in the news.”

I nodded too.

“yes? He probably didn’t have a relationship at all, so he would have looked more closely.”

Go Hyun-wook asked as if floating.

“well. To be honest, I didn’t think I had a deep relationship.”

“joy.”

I heard Go Hyun-seok snort.

“Anyway, back to the point. Let me tell you an interesting story I heard.”

Goh Hyun-wook said.

“yes.”

“There are people who ridicule North Korea’s hereditary succession of the state, but say that Koreans are not ashamed of inheriting a stock company.”

“hmm. That’s right. Who said that?”

“…”

Seeing my reaction that the words were correct, Ko Hyeon-wook’s eyebrows twitched at this time as well.

“I was studying abroad at Wharton, and a German friend I met there said that. Did Steve Jobs or Bill Gates pass the company on to their son?”

“hahahaha. okay. You are global.”

I laughed.

“huh. But it was kind of funny to hear that from a German.”

“Uh, why?”

“Germany is famous for its many family businesses. BMW is a representative family successor company.”

“Oh, is that so? But I think the fact that the word ‘family business’ comes out is proof that passing it on to one’s family is a special case for Westerners. In Korea, we don’t use the word ‘family business’ at all. It’s all a family business.”

“…”

“Ugh, since when did you become such a mouth-watering fighter?”

Go Hyun-seok’s grumbling.

“ha ha ha. The mouth fighter is too good, and your speaking skills have improved a lot while I couldn’t see you.”

Ko Hyeon-wook laughed and ignored his brother’s words.

“Anyway, that mindset is gradually expanding in Korea. We are both in our 20s. There is no need to fight this current.”

“yes…”

really? Are you giving up control? Does your dog stop pooping?

Even things that people originally thought were unfair, when the injustice was reduced to self-interest, they tend to shut up and accept it.

That’s why history changes so slowly.

I thought about this, but I didn’t say it out loud.

“Anyway, the fact that both of my brothers inherited the company didn’t look good to the outside world, so I decided to let my brothers inherit only a few of the representative ones among the group’s affiliates and let go of management rights in other places.”

I am not included in the term ‘our brother’.

“okay. The entire group is not inherited by the family, but a few subsidiaries.”

“huh. So, L Electronics is me, and L Motors is Hyun-seok.”

Ko Hyeon-wook glanced back at Ko Hyeon-seok and asked.

joy. The net exhaust affiliates are held by the brothers and won’t let go.

But that seems like a pretty big concession. when you look at it from the outside

“Of course, you will have management rights, but you won’t actually own many stocks. The L electronics and L cars that my father owned are within 5%. So, even if you inherit all of them, you cannot monopolize all management rights.”

“I guess so.”

I nodded.

Even with 5 percent, in fact, in Korea, there are many cases where the chairman’s family controls the company.

Still, it’s certainly not wrong at face value.

“That’s why our L Group is making a mark in Korea’s business world that changes the times.”

“That is also true. By the way, what about Hyunmin?”

“Hyun-min… First of all, he won’t become the majority shareholder of an affiliate like we are. because you are still young And if all three brothers play the role of the largest shareholder, it doesn’t look good.”

“…”

“Come on, Hyunjoon. You’re smart, you know what I mean?”

“hmm…”

Guessed.

His father owns 39 percent of L Life stock. If I inherit 3 percent, I will become the majority shareholder with a stake of approximately 1.2 percent or more.

“Even Hyun-min gives up his position as a major shareholder to keep an eye on the outside world… It’s a bit difficult when you become the majority shareholder. I understand?”

Go Hyun-wook asked in a quiet voice.

That’s it.

“ah. Then, are you saying I should give up this L Life stake?”

When I asked this question, Ko Hyeon-wook smiled.

It was evident that he was putting an enormous effort into maintaining a friendly demeanor.

“no. You went through a lot of hardship, and my family couldn’t take care of it, so I can’t tell you to make unilateral concessions.”

Ko Hyeon-wook said this, took a short break, and then continued.

“I’ll give you 10 percent more than today’s market price, so how about taking it in cash?”

“ah.”

“And things like L Electronics and L Motors, in fact, 3 percent of my father’s share is quite large. So, just converting that into money. I’ll give you 10 percent of everything.”

It was only then that Park Chang-su, who had been keeping his mouth shut, intervened.

“As you know, this is a fairly large amount. You should also consider inheritance tax. In a situation where you only receive 5.6 billion in cash, your stock assets are much bigger than that. Then you have to think about the situation where you can’t pay inheritance tax even if you received cash. That’s why we care.”

“ah.”

I pouted.

“Hey… can I talk to you for a minute?”

“uh. then.”

Go Hyun-wook smiled and nodded.

“First of all, looking at the contents of the will, I’m inheriting in stock, so you’re saying you’re going to buy it?”

“I’m not living…”

I cut off Park Sung-soo’s words.

“uh. no. I need to check it out a bit. In fact, the L Group or the L Group family is not involved in the process of executing the contents of the will. I’m just going to receive my father’s legacy.”

“Yeah, that’s right.”

Park Sung-soo said with a troubled expression.

“And I can dispose of the stocks I received to pay inheritance tax at will. Like putting 30 percent on the market.”

“…”

“By the way, doesn’t that mean L Group stocks aren’t selling in the market? Besides, if you have this much, you can sell it even with a higher amount. It’s a stake enough to contribute to securing or strengthening management rights.”

“…”

The faces of the three people except me gradually darkened.

“Then, I am thinking about whether or not to sell this stock, but I also have to decide who to sell it to and how much, but you are using the word ‘consideration’ when you say you will buy it?”

“Hey… this color…”

“Stay still.”

Go Hyun-wook stopped Ko Hyun-seok again.

“Ten percent seems like the minimum amount of money that people who say they’ll buy if I put it up for sale.”

“Looking at it now, I’m very quick about the business situation. How did you know that?”

When Ko Hyeon-wook asked, Ko Hyeon-seok interrupted.

“I did. They all have a stomachache. I guess I was preparing for this situation with all the scenarios!”

“No, it’s not something like this to worry about.”

I said.

“huh?”

“You asked where did you learn it? Even though I want to play, I don’t have much money to play, so I just read web novels and watched YouTube while working part-time. There are a lot of things like that.”

“her. web novel? youtube?”

Ko Hyeon-wook made a puzzled expression.

“Once you said something, another one.”

“huh?”

“In a situation where inheritance usually takes place, the stock value is dropped as much as possible to reduce inheritance tax as much as possible. The value of L Group’s affiliates was also very low… Besides, L Life is L Group’s cash drawer. You have greatly underestimated this. Wouldn’t it be too stupid for me to sell this at this time? If you have it, the value will be restored and the price will go up twice as much as it is now.”

“Do you learn such things from web novels?”

Ko Hyeon-wook asked in bewilderment.

“no? I saw this on the news. A few years ago, S Group used this method to reduce inheritance tax, right? As you said, it was featured on the news.”

“her…”

Ko Hyeon-wook and Park Jeong-soo were speechless.

“You say you work hard at your part-time job, but you watch TV hard, don’t you?”

Go Hyun-seok said.

“Someone watches the news on TV these days. Watch it on YouTube.”

I pinned.

“…”

“ah. Speaking of YouTube.”

“huh.”