The Peninsula chaebol started by rescuing Samsung's little princess.
Chapter 523 also includes a share from the Elephant Group?
The winter sunset streamed through the floor-to-ceiling windows of the Shilla Hotel's conference room, elongating the shadows of the people inside.
In the center of the conference hall, Lee Ho-young and Park Sam-koo sat on either side of a conference table.
The two men then signed the documents in front of them.
Compared to Lee Ho-young's flowing and elegant calligraphy, Park Sam-koo's signature looked like he was constipated, taking him a long time to finish signing his name.
After signing, Lee Ho-young stood up and said to Park Sam-kyu with a smile:
"Congratulations, Chairman Park! You're finally free!"
"Hmph, I should be congratulating you!"
Park Sam-koo saw Lee Ho-young looking like a victor, but his heart was bleeding!
Two years ago, thanks to Li Mingbo's defection, he successfully saved Asiana Airlines.
However, over the past two years, the debt of his Kumho Asiana Group has been increasing.
If it weren't for the loan from Peninsula Industrial Bank, he wouldn't be alive today.
With Attorney Wen taking over and halting their loans, the entire group was immediately plunged into a debt crisis.
Although Asiana Airlines has returned to break-even in the past two years and seems to have emerged from the economic crisis.
However, Kumho Tire, another cash cow for the group, has encountered a major problem.
The "315 Gala incident" in previous years caused Kumho Tire's sales in China to plummet, resulting in losses for Kumho Tire.
Therefore, under Park Sam-koo's leadership, the already heavily indebted group suffered an even worse blow.
Who can hold this together?
As a result, Park Sam-koo is now not only selling Asiana Airlines to Lee Ho-young, but also several other subsidiaries, including Kumho Tire and Kumho Express Bus Company, to Lee Ho-young.
Once he sells these companies, the total assets of the entire Kumho Asiana Group will drop to outside the top 50.
In a country like the Korean Peninsula, if a company is ranked outside the top 50, it basically means you are a medium-sized enterprise and can't be considered a chaebol at all!
Before Park In-cheon passed away, he left behind a vast transportation empire, enough to sustain his descendants for a hundred years!
Unexpectedly, only 30 years later, his third son squandered most of the family fortune.
I wonder if he would turn his head upside down and turn his coffin open with a bench press if he heard this?
Congratulations to you both!
Despite Park Sam-gu's gritted teeth, Lee Ho-young was quite happy.
He liked the way the other person hated him but couldn't get rid of him.
He was just one step away from taking over Asiana Airlines, and at that time he even started looking at private jets.
Unfortunately, Li Mingbo's betrayal caused this prize to slip away.
Now, just two short years later, Park Sam-koo has obediently returned.
Not only did he lose one, but he also lost another, truly suffering a double loss.
If I knew today, why bother?
Lee Ho-yong believes that with the acquisition news finalized today, the stock prices of Asiana Airlines and Kumho Tire will both rise tomorrow!
After all, these companies have finally gotten rid of this biggest spendthrift on the peninsula!
"snort!"
After the two shook hands, Park Sam-koo snorted and only wanted to pull away, but he found that Lee Ho-young had grabbed him.
He looked at the other person with a puzzled expression, only to see Li Haorong smile and say:
"Chairman Park, let's take a group photo to remember this moment!"
"..."
To kill someone is to destroy their spirit! To kill someone is to destroy their spirit!
Park Sam-koo really wanted to curse, but he held back in the face of Lee Ho-young, who was half a head taller than him!
"Click, click..."
Finally, after several clicks of the shutter, the photo was taken.
Only then did Lee Ho-young finally loosen his grip on Park Sam-gu.
The moment he was released, Park Sam-koo walked away without looking back.
He never wants to come back to this place again in his life!
"Congratulations, Chairman Li, your wish has come true!"
After Park Sam-gu left, Lim Se-ryung, dressed in a beige uniform, came up to Lee Ho-young and pretended to speak.
In the past two years, with Lin Shiling and her sister Lin Xiangmin joining the Elephant Group, the entire group has officially entered a handover phase.
Lim Se-ling currently serves as the vice chairman of the Elephant Group, but the true successor to the group is still Lim Sang-min.
In the original timeline, Lim Se-ryung was Lee Jae-yong's ex-wife, which prevented her from becoming the true heir to the Daesang Group.
However, in this timeline, since Lee Jae-yong did not become the actual controller of Samsung, this issue does not exist.
The main issue is that although she has a son, it's clear that Lee Ji-ho won't inherit the Daesang Group, and he doesn't have the ability to do so!
Thank you!
Li Haorong looked at Lin Shiling and smiled.
Over the years, every time he met Park Sam-gu, he would invite Lim Se-ryung over, and no matter how busy Lim Se-ryung was, she would always keep the appointment.
To say that Lin Shiling didn't want to see Li Haorong would be something even a fool wouldn't believe.
After all, the two of them hadn't seen each other for quite some time.
Are you free tonight? How about we grab dinner together?
"Just a meal?"
Lin Shiling covered her mouth and chuckled softly.
You have to admit, older sisters are the best. If you make a dirty joke, she can catch you and even turn the tables on you.
Unlike his younger sister, who would only blush and say, "Brother, you're so mean..."
"Other activities are fine too!"
Li Haorong was naturally not polite. Although the two of them had never admitted to a romantic relationship, whenever they met, he would always find a way to have sex with her!
"That depends on what we're having for dinner."
"To avoid the hassle, let's eat at the Shilla Hotel!"
"Tch, you have no sincerity at all. Why didn't you invite Fujin unnie along?"
"Want to come together?"
"..."
Hearing the increasingly outrageous words, Lin Shiling finally couldn't handle it anymore.
Ultimately, she is still a well-bred young lady. Even though she has wanted to rebel all these years, for her, the biggest rebellion is having a one-night stand with Li Haorong!
This feeling is similar to Spider-Man, even when he turns evil, the only bad things he can do are ask his boss for wages and buy a suit to dance awkwardly!
"President!"
At that moment, Yu Chengyan walked in.
"What is it?"
"Director Yin has sent over a report! Please read it and then call him."
Yu Chengyan whispered in Li Haorong's ear.
Li Haorong took the report and opened it, only to find that it contained Yang Xianshuo's confession.
As it turned out, although Yang Hyun-suk had a keen sense of smell, he confessed everything as soon as he entered the prosecutor's office.
The reason is simple: he's a smart man and knows that the people behind him won't protect him!
Although he had wronged Li Haorong, it was only in a business sense, and he had not wronged him to death.
If he cooperates actively at this time, Li Haorong might be able to protect him!
After all, Li Haorong only wanted his money, but those people wanted his life!
After reviewing Yang Xianshuo's confession, Li Haorong completely ignored his crimes such as embezzlement and tax evasion.
The key focus is on his account of the incidents involving sex and hospitality.
The main points cited included how he used his position to cultivate relationships with powerful figures on the Korean Peninsula and abroad.
However, there was one thing he was clear about: he usually asked a madam surnamed Zheng in the industry to call people to help him!
Under normal circumstances, he wouldn't easily make a move on the company's artists.
After all, these are his cash cows.
But trainees might not be so lucky.
The people he entertained, besides wealthy Europeans and Southeast Asian tycoons, were mainly domestic conglomerates.
Among them were some remote scions of wealthy families like Doosan and L, and a familiar name caught Li Haorong's eye.
"Shin Dong-bin of Lotte Group, why are you always involved in raids on prostitution rings?"
Upon seeing this name, Li Haorong couldn't help but sneer.
He handed the statement back to Yu Chengyan and said, "Tell Director Yin to focus on the Lotte Group!"
"yes!"
Upon hearing Li Haorong's order, Yu Chengyan responded and nodded to Lin Shiling before leaving.
"Alright, let's go!"
After sending Yu Chengyan away, Li Haorong spoke to Lin Shiling.
"You're planning to take down Lotte Group? They won't fall because of a few scandals!"
Lin Shiling frowned.
"Of course, I was just giving the prosecutor's office an excuse to investigate. Large corporations like this always fall apart from within."
"internal?"
"By the way, does your Daesang Group have any businesses that Lotte Group might be interested in?"
Although Li Haorong changed the subject, this topic was clearly more attractive to Lin Shiling.
Are you kidding me? That's Lotte Group!
Real estate, amusement parks, hotels and restaurants, department store retail, and many other areas are all PLU versions of the Elephant Group!
Even if Daesang Group only swallowed a portion of Lotte Group, let alone the entire Lotte Group, it would be enough to put Daesang Group back into the ranks of the top ten chaebol companies in the Korean Peninsula!
She couldn't help but ask, "Is the Elephant Group involved in something like this?"
"Of course, such a large company like Lotte Group is too much for my family to handle. Given our relationship, we can't let an outsider benefit from it!"
"I'm not an outsider!"
"No!"
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