The Youngest Son of Sunyang (Reborn Rich)

[059] Fight or Sports? 2

"Chairman, you must accept this proposal."

"Mm."

The tightly closed lips and furrowed brow spoke volumes about how angry Chairman Ju was, but the key figures in the group didn't hesitate for a moment.

They had to prevent a catastrophe where Chairman Ju's temper led to overturning a well-prepared meal.

Considering the effort they had put into securing A-jin Motors, basic unity was necessary. The proposal outlined the details: A-jin Motors' debt of 3.28 trillion won, A-jin subsidiary's debt of 1.58 trillion won would be reduced. The remaining debt of 2.52 trillion won would be converted into equity.

An astonishing 7.38 trillion-won debt reduction proposal.

Thinking about the money spent, the alcohol consumed, and the women entertained while trying to secure this proposal from bank creditors and government officials made their heads spin.

Furthermore, they hadn't received confirmation yet, but there were rumors of an acquisition price, subtly mentioned—1.2 trillion won.

When you considered all the effort and cleaning up A-jin Group's tarnished reputation, the cost was just 1.2 trillion won.

Such a lavish feast would not come around again anytime soon.

But if they dared to touch the debt reduction proposal offered by Miracle Investment, they would have to prepare the feast all over again.

While the acquisition price could be increased by 100 or 200 billion won, there could be no renegotiation of the debt reduction.

The people from Daehyun Group were truly grateful for Miracle's unity proposal.

"It was a difficult negotiation to pull off. We must not touch the debt reduction terms."

Seeing the faces filled with earnestness, Chairman Ju couldn't simply lose his temper.

"You there, do you have a lot of money? Can you spend trillions?"

"It's not easy for us to gauge the financial strength of Miracle Investment, just as they might not know our financial capability. After all, it's all American capital, right? But..."

"But what?"

"According to our investigation in the US, it's expected that there will be sufficient ammunition. Miracle is known as a big player in Hollywood. It's said that there hasn't been a single hit movie without Miracle's involvement."

Chairman Ju was shaken by the mention of Hollywood movies.

In 1993, when Steven Spielberg's "Jurassic Park" was released, President Kim Young-sam emphasized the importance of the film industry, saying, "The box office revenue of one movie is comparable to exporting 1.5 million cars."

No matter how ignorant one might be, comparing two entirely different industries based solely on profit was absurd.

Thanks to such statements, even though they were incorrect, the leading figure in the Korean automotive industry, Daehyun Group, was unfairly branded as a symbol of an era that was obsessing over an outdated business.

"There's one really important point. Miracle hasn't had a single failed investment in any of the movies they've funded."

"That's right. Their investment sense is out of the ordinary. A person like that wouldn't enter a losing battle in a money war. Chairman Ju always said that when they reluctantly reach out a hand, it's a way to stop the bleeding."

"That reaching-out hand..." Chairman Ju fell silent for a while. His decision to accept the unity proposal without shouting or causing an uproar was implicit.