The Peninsula chaebol started by rescuing Samsung's little princess.

Chapter 119 Lee Jae-yong's Worries

As it turns out, Choi Tae-won overestimated the intelligence of the public; they really do believe anything.

"Last night I received the Lord's will. This thing is Satan, and it controls people's minds."

"Let's go and destroy it now, and save our suffering compatriots—"

In the video, a man who appears to be a pastor shouts to a group of people.

The group of people, as if they had been given a buff, roared and charged toward one of SK Telecom's signal towers.

Choi Tae-won found the video annoying and switched to another one.

"My son has leukemia, and it's all because of this base station. They need to pay my son's medical expenses!"

"Ma'am, this cell tower is carcinogenic, but it has nothing to do with leukemia, right?"

"How can it not be a problem? If it can cause cancer, why can't it cause leukemia?"

"We've lived here for so many years without any problems, how come my son got sick less than two years after this base station was built?"

Hearing this touching logic, Choi Tae-won wanted to laugh but couldn't, so he switched to another video.

"Protest! Get SK out!"

"Get out!"

A group of people marched in front of SK Telecom, holding banners.

Upon seeing this, Choi Tae-won felt his blood pressure rise and had no choice but to turn off the video.

He frowned and asked the president of SK Telecom, "What exactly is going on? Has the statement been issued?"

"We explained immediately and posted a statement, but they just wouldn't believe us!"

The president was also helpless, as the rumors circulating online were increasingly outrageous, yet some people actually believed them.

Moreover, this matter has escalated so much that television stations have recently started reporting on it.

At that moment, another subordinate walked in.

"President, something bad has happened! The company's stock price dropped by 6% at the opening today, and it's still falling!"

"It's fallen that much?"

Choi Tae-won immediately became anxious.

For a listed company, the stock price represents everything.

In particular, a drop in stock price will naturally cause dissatisfaction among shareholders.

Currently, Chey Tae-won owns 17% of SK Group's shares. Even if you add up the shares of his entire family, it would only be 26%, which is not enough to achieve absolute control.

The remaining company shareholders include government agencies like the National Pension Service and numerous foreign capital entities. Each of them holds a small number of shares, but when combined, the combined shareholding of dozens of them is enough to threaten Choi Tae-won.

"President, it's your phone!"

At that moment, the secretary walked in with a telephone.

"Who hit him?"

"Mr. Fink from BlackRock!"

When Choi Tae-won heard this name, his face turned green.

BlackRock is one of the largest asset management groups in the United States and the world, and it holds a 2.78% stake in SK Group.

"Hey, Mr. Fink!"

"Chairman Cui, please end this unnecessary conflict as soon as possible. The company's stock price has fallen too much, which has seriously damaged our company's interests!"

"Mr. Fink, I did all these things for the long-term benefit of the company. Please believe me!"

Choi Tae-won is still trying to defend himself.

"Chairman Cui, I personally have complete faith in you, but I am not calling you on behalf of just one investment institution, but on behalf of 17 companies."

If you can't recover the stock price quickly, I won't be able to explain it to them!

Hearing this, Choi Tae-won felt a chill in his heart.

With 17 companies, the shareholding has probably exceeded 20%, which is a rather dangerous number!

These large companies on the peninsula all have similar problems to varying degrees.

The 1997 Asian financial crisis led to the collapse of the Korean Peninsula's economy, and a large number of company stocks were taken over by these European and American capitals. In addition, the peninsula's abnormal inheritance tax meant that the power of the chaebols would decrease with each generation!

Therefore, Cui Taiyuan was powerless against the powerful. After a struggle with his conscience, he could only say resentfully, "Fine, I understand. I'll resolve this matter as soon as possible!"

It was the same golf course, the weather was clear, but this time, there were more than just the two of them.

Not far away, Li Yinxin, wearing a black knitted top and a white pleated skirt, and a wide-brimmed sun hat, was swinging her golf club.

Lim Se-ryung brought her child to cheer on her sister-in-law, while Lee Boo-jin and Lee Seo-hyun took a walk and chatted.

Nearby, Lee Kun-hee sat at a round table, accompanied by Lee Jae-yong and Lee Ho-young.

"Today, that congressman withdrew the proposal, and Choi Tae-won also called me, hoping that you, Ho-young, will stop here!"

At this moment, Lee Jae-yong spoke up.

Choi Tae-won and Lee Jae-yong belong to the same generation and had interacted before, which is why Choi Tae-won asked him to act as an intermediary.

Upon hearing Lee Jae-yong's words, he didn't rush to give an answer, but instead asked Lee Kun-hee, who was standing beside him, "Chairman, what do you think?"

"That's your problem, don't ask me!"

To everyone's surprise, Lee Kun-hee glanced at him and looked straight to the side.

Seeing Lee Kun-hee's expression, Lee Ho-young had no choice but to turn to Lee Jae-yong and say, "Jae-yong hyung, I've always been a pacifist, and I never intended to fight him."

"But what if I let him off this time, and he tries to trip me up again next time?"

"You want him to give you a guarantee?"

"These days, even women don't believe guarantees, let alone us businessmen."

How about this, I have a project on hand, how about we collaborate on its development with Chairman Cui?

Upon hearing Lee Ho-young's words, Lee Jae-yong's eyes widened: "You're looking to collaborate with him?"

"Yes, now that we have a shared interest, he wouldn't go after his own business, would he?"

"Okay, I'll pass it on to him!"

As he spoke, Lee Jae-yong immediately picked up his phone and walked away into the distance.

"If Jae-yong had your skills, I'd be relieved!"

Watching Lee Jae-yong walk away, Lee Kun-hee couldn't help but sigh.

If it were an ordinary person, they would definitely feel happy upon hearing Lee Kun-hee's words.

Subconsciously, I thought that Lee Kun-hee truly valued Lee Ho-young.

But Lee Ho-young became more vigilant at this moment, as Lee Kun-hee's words were clearly a test of his thoughts on Samsung.

So he quickly replied, "Brother Rong just lacks experience; with more practice, he'll be fine!"

"Let's hope so!"

Lee Kun-hee simply said it casually, his expression neither happy nor sad, and it was unclear whether he was satisfied with his answer.

Then, he changed the subject, saying, "You did a good job this time, especially using the 'slanted sect' tactic; even I didn't expect that!"

"These are all small-scale operations. I don't have many friends in official circles, so I can only resort to some crooked methods!"

"This isn't some crooked or evil practice; plenty of people in politics use them!"

The reason why Islam is so rampant on the peninsula and has been impossible to eradicate for so many years is because it has very close ties with the political arena.

After all, these groups are all vote banks, and the most obedient ones at that.

With just a word from the leader, they would immediately cast their votes for him!

In addition to spreading the news, Li Haorong also had Li Mingjiu find some "actors" this time!

"Those are minor issues, not the most crucial things!"

"That's right, your Mars Network, the news spreads incredibly fast!"

I imagine that after this incident, those politicians will be practically begging to knock down your door, won't they?

"Haha, too bad there's no threshold at my house!"

What Lee Kun-hee said, Lee Ho-young certainly knew it too.

With such a powerful weapon of public opinion in their hands, and with the general election coming up next year, who wouldn't be envious?

"That's right, Brother Taiyuan. Although I don't know what he's going to do, you can find a chance to talk to him. He shouldn't make you bleed too much."

I think you two should each take a step back, and let's leave it at that!

Not far away, Lee Jae-yong was on the phone with Choi Tae-won.

"Thanks, Jae-yong. I owe you a favor this time!"

Choi Tae-won's voice came from the other end of the phone.

"We've known each other for a long time, what's with all this talk of personal relationships!"

Even so, Lee Jae-yong's lips curled up slightly.

He had known Choi Tae-won for so long, and this was the first time the other man had spoken to him in such a humble manner.

Although this opportunity was given to me by Li Haorong!

"As your older brother, let me give you a piece of advice: your brother-in-law is not someone to be trifled with, so you'd better be careful!"

Choi Tae-won's words were clearly a trap for Lee Jae-yong, but the smile on Lee Jae-yong's face still disappeared.

Even after hanging up the phone, the call couldn't be restored.

At this moment, looking at Li Haorong chatting and laughing with his father, and then at his three younger sisters in the distance, two of whom had a close relationship with Li Haorong.

Before Lee Ho-young appeared, Lee Jae-yong was Samsung's one and only crown prince.

Although Lee Kun-hee had said that Samsung did not necessarily have to be handed over to him, his father still patiently nurtured him and sent the most capable Lee Boo-jin to the Shilla Hotel.

Therefore, Lee Jae-yong will not target his sisters too obviously. He only needs to keep track of their current situation and give them a push occasionally, which will be enough to make them receive less of the inheritance.

However, the appearance of Lee Ho-young brought Lee Kun-hee another possibility, giving him an unprecedented crisis.

Li Haorong is an outsider, but he is incredibly capable, and once he marries Li Yinxin, he will become the son-in-law of the Li family.

Moreover, this was supposed to be a family gathering, but Lee Kun-hee still invited Lee Ho-young over.

While there are no examples of this on the Korean Peninsula, in Japan, it is common for chaebol chairmen to pass their businesses on to their sons-in-law!

What if Lee Kun-hee distributes the shares equally among his children and then lets Lee Ho-young take charge of the company?