Subtitles by DramaFever
For the sale of Han Sung Steel...
Sung Jin Group and Eden Consortium submitted their bidding proposals.
After reviewing the bid price and non-price elements of both proposals
the company that will take over Han Sung Steel is
Eden Consortium with the bidding price of 1.146 trillion won.
Congratulations, Min Jae.
You have Han Sung Steel, but this room, this seat, and Sung Jin Group...
There is nothing you can own from what Dad has left behind.
Seo Yoon!
I've been trying to wake you up for a while.
You looked like you were having a bad dream.
The deadline for the bidding proposal on Han Sung Steel is tomorrow, right?
It'll work out, Seo Yoon. Father will help you.
Uncle says he'll stay in Hampyung Farm for a few more days.
He'll come back after the altar is set up at Father's grave.
Gosh, if only I had a sister like that.
Jung Yoon and Dong Hui, you don't need to come every day starting tomorrow.
It's hard for you to come here every morning.
It's okay, Mom. It hasn't even been a week since we sent off Dad...
If you're alone, you'll think about Dad...
They're not here to see you, Mother.
They're coming to check which way the department stores are leaning.
Eun Jung.
I'm sorry to disappoint you, Jung Yoon.
I finished the routine personnel change.
Oh... try calling the executives who played golf with you.
They'll be home starting today.
They could work at a golf course, too.
They like to play golf and they are close to the both of you.
Seo Yoon, I'll come to your office this afternoon. Let's have a talk.
I have a meeting with the presidents. Tomorrow...
I forgot, Seo Yoon... I postponed the meeting with the presidents.
They worked hard for the funeral, you should give them a break.
They also need to work on their affiliate companies, too.
The company is in a state of emergency.
Mother, with no captain, even the security guards are wondering.
'Should I side with the chief engineer or hold hands with boatswain?'
Seo Yoon, since we're in a state of emergency, hundreds of people look for me every day.
Director Kim of Electronics makes the cellphone batteries, right?
Tell him to make the batteries last longer.
Lately, I have to recharge my battery four times a day.
He didn't drink much, but he was drunk in front of me once this year.
It was on the day he let go of Han Sung Steel.
On my trip to your Father for the 49th day ceremony...
I want to put Han Sung Steel in his arm.
I hope Won Jae will take a backseat this time.
Mother, I learned a big lesson this time.
Seo Yoon wanted a state funeral.
Father's life? Of course, it should be recognized in society.
Of course, we don't need to think that Han Sung Steel, which Father built, should be in our family.
Leaving it to the hands of someone who can take better care of it...
Isn't that better for society, Seo Yoon?
I remember... what you said three years ago.
Thank you, Seo Yoon.
You forgot what I said.
Don't forget how you feel right now, Won Jae.
I'll make you remember... how you felt back then.
Hey Tae Joo.
Hey hey, come to my office.
If I go out, two cars follow me.
What do you think?
My little sister is having me followed because she's worried I might get lost in Seoul.
Thank you, Seo Yoon.
Tomorrow is the bid proposal deadline, right?
Yeah, I have a lot to tell you.
Okay, Tae Joo. Come to the office.
Seo Yoon!
Won Jae is having dinner with politicians and businessmen who came for condolence visits...
He's asking me to come with him.
Dong Hui said no, Seo Yoon...
but Sung Jae is not going, and Won Jae says he can't go alone...
Enjoy your dinner, Dong Hui.
Seo Yoon, don't misunderstand us.
We'll be on your side. You know that, right?
It looks like President Park of Shipping and President Hwang of Securities crossed over.
Managing Director Choi Won Jae raised them since they were directors...
I even made the cover page of the bid proposal for Han Sung Steel.
There are more than a couple of problems with Seo Yoon's reorganization plan.
- Employment retention to start off... - The tea is nice.
Could you give me another cup?
Tae Joo, tomorrow is the deadline for the bid proposal.
Tell the media about the problems with Seo Yoon's proposal
or tell the representatives and create an air of...
Won Jae, we have a lot of problems with our proposal, too.
The reorganization plan, employment retention, long-term investment plan...
We were worried...
What do we do if Seo Yoon points out the problems with our proposal and pushes for it?
She won't be able to do that now... now she knows we met you.
She'll think you told us about the problems with her proposal.
Seo Yoon will think that if she points out our issues, then we'll point our hers, too.
We won't sprinkle salt on each other's wounds.
The game has become simple.
Who will bet more money?
Please give me one more cup.
Eden and its consortium came up with one trillion won.
It looks like one billion dollars will come as a short-term loan from abroad.
And from Daehan Bank where President Choi Min Jae's father-in-law works...
a loan of 100 billion.
That's 1.1 trillion plus one billion dollars.
It looks like my daughter gave 50 billion from the internal funds of the department store.
1.15 trillion plus one billion dollars.
It will be hard for Eden and President Choi Min Jae to get more money.
If we bid at about 1.2 trillion, we'll get Han Sung Steel...
Director Kim, what's the current cash holding of the Group?
We should have about 1.2 trillion.
We're managing 300 billion separately for the construction of the Auto research building.
Put in everything, 1.5 trillion... plus one billion dollars.
If we fail to takeover Han Sung Steel...
Won Jae, Min Jae...
and their presidents will raise the issue of legitimacy in the Group's succession.
We must win the bid on the takeover of Han Sung Steel.
She told me to add even the 300 billion set aside for the Auto research building.
Good job, Director Kim.
Oh yes, I plan to separate the finance team from the strategic planning division.
I'll make the head of the team at the presidential level.
Please continue to take charge of the finance team.
Min Jae, talk to your wife and let's borrow another 2 to 3 hundred billion from Daehan Bank.
It looks like Seo Yoon will pour all the internal funds to take over Han Sung Steel.
I can't get more.
The currency crisis in Southeast Asia is pretty serious.
Even banks are cautious.
Let's blow it up a little.
If she has 1.5 trillion plus one billion dollars...
then we'll go with 1.6 trillion plus one billion dollars.
Then we'll win.
Let's use some borrowed money.
We even saw the hidden card, so we should at least see all the cards before we die.
Let's go all-in.
Pay commission to a foreign bank and get a loan certificate for 450 billion.
Let's match the stake, 1.6 trillion plus one billion dollars.
There is a bank in Europe.
Like fake receipts for taxes...
a bank issues loan certificates after getting commission.
I can get a loan certificate, but...
that money won't come regardless.
In the meantime, Han Sung Steel will be in our hands.
Gwangyang, Byunsan, Ulsan, Yeosu...
there are four Han Sung Steel plants.
After the takeover, let's just sell one first.
Yeosu will be good.
Reduce the labor, improve revenue and expenses...
The land is about 500,000 pyung
so if we get paid for the land and machinery first...
that will be about 500 billion.
Take over Han Sung Steel first, then sell a portion of it to pay the purchase price?
Then we'll sell one at a time.
Gwangyang, Byunsan, and Ulsan... at a really expensive price.
If there is anyone who will buy the whole thing, then we'll sell it as a whole
at an even higher price.
When you look at me like that, I feel like I'm the only bad guy here.
There will be problems later.
And we'll take care of them later.
If you don't want to, then forget it.
Live as a cute puppy that wags his tail for his little sister.
Or live as a drooling puppy in front of a butcher shop.
Despite pulling all the funds of Sung Jin Group...
if she fails in the takeover of Han Sung Steel
Choi Seo Yoon, she'll be the one wagging her tail in front of you two.
Make your decision. Do what I just said or give up now.
Two hundred politicians and businessmen showed up at Won Jae's dinner?
The representative of the majority party held a book publishing party at the same time.
Won Jae had more people than that.
The direction of the wind is shifting.
What should we do?
Won Jae might get Han Sung Steel.
Then... Won Jae will take the Group, too.
There is something I learned from Chief Prosecutor Kim Sang Chul.
During the appointment period, he grabbed a rope on this side...
and his wife held a rope from another side.
If the one that Chief Prosecutor holds turns out to be a rescue rope, then he gets promoted.
And if the rope that his wife holds turns out to be a lifeline...
then at least, he doesn't get pushed out.
Jung Yoon, Seo Yoon looked really tired.
You have tea made with Cornellan cherries, right?
Yes, I'll take it to Seo Yoon.
Dong Hui, you know Won Jae likes wine, right?
It's funny.
Jung Yoon is holding Seo Yoon's hand...
and Dong Hui sends wine to you.
Don't touch the department stores.
Hey hey... Dong Hui is not even interested in the department stores.
He talked about Auto the whole time on our way home.
My poor sister Jung Yoon... she doesn't even know what's on her husband's mind.
Call and check with Hampyung.
It rained yesterday. I wonder if the grass on the grave is okay.
There are six custodians.
Finish the bottle.
It'll be better for you to get drunk and fall asleep smelling like alcohol.
Better than looking for Father all night in your sleep like last night.
When we got married, Father told me...
that it was the biggest gift that Father was giving me.
You're the one who threw out that gift.
Let me give you one piece of advice.
After taking over Han Sung Steel and sending Seo Yoon back to school...
watch out for Min Jae.
You're one to fall in the same swamp that you fell in before.
After the divorce, call me if you have a hard time doing business in the department store.
I'll buy some stuff and lend you money, too.
Eun Jung, should we start again?
I already told you... you fall in the same swamp that you fell in before.
Tomorrow is the deadline for the bid proposal on Han Sung Steel.
The result will be announced a day after.
One of the advisers for the scholarship foundation is an ex-prime minister.
I checked with him.
It looks like it'll lean towards Won Jae.
Seo Yoon will go to prison soon.
I checked the documents that Director Kang Ho Yeon gathered. It's pretty good.
How would she work at the Group without getting dirt on her?
It's too much dirt for the employees to wipe it clean.
I received the acceptance letter from Princeton.
I'll study for a doctorate degree. I'm going to the states next year, Mom.
Sung Jae.
I might not come back, Mom.
I'm sure you want to avoid it, I'm sure you want to run away.
My poor baby.
Sung Jae, I was like that, too.
After your father passed away and I came to this house...
I was afraid and scared, too.
But I didn't have anyone.
Everyone in the world knew the unfair story of your father...
but the colleagues wanted to continue construction, so they smiled at Choi Dong Sung
and his employees lowered their heads to Choi Dong Sung to hold onto their rice bowls.
After your Uncle spent time in prison
he kept quiet with a few pennies Choi Dong Sung threw at him.
No one said, 'Bae Young Han had an untimely death!'
Everyone kept their silence.
Choi Dong Sung pushed off your father from a cliff
and snatched away Chung Ma Construction!
Sung Jae, if only there was just one person who stood with your father
and fought Choi Dong Sung...
If Choi Dong Sung was punished for his sins
then I would have never come to this house.
You're the only one I have right now, Sung Jae.
I'm sorry. I'm sorry, my son.
I'm sorry too, Mom.
If you want to stay with me, let's go to the States together.
No.
No, Sung Jae.
[Deadline for Han Sung Steel takeover bidding proposal!]
I found out Eden's bid price.
I talked to the representative of the creditors before they went into the meeting.
It's 1.6 trillion plus 1 billion dollars.
I think they found out about our bid price.
The only people who knew were you, me and...
What's our bid price?
As you wanted, I put down 980 billion plus 1 billion dollars.
Since you started in the accounting team, you worked through the finance team...
Thank you for managing the funds, Director Kim.
The embezzlement of 10 billion that the audit team raised...
I'll consider it a misunderstanding.
I won't report it to the prosecution either.
Thank you for allowing me to keep my honor, Vice Chairman.
You protected my Dad and Sung Jin Group for over 30 years.
Go on a cruise with your wife for about three months...
then I'll have a position for you at Sung Jin Economic Research Institute.
Vice Chairman.
1.6 trillion, 1.7 trillion...
Even if we put down a higher price and take over Han Sung Steel...
people will still point their fingers at me...
that we won with money.
Won Jae, Min Jae... Jang Tae Joo.
They won't accept their loss, either.
So I thought about it.
I decided to take over at a price much lower than Eden. At the most reasonable price.
Eden is about the same as us with the non-price elements.
The winner will be determined based on the bid price.
We put down a bid price that's 620 billion less than Eden.
I've seen it several times...
Dad took over companies at a lower price than his competitors.
I guess I take after my dad.
The one who will help us is here.
I got a call from Director Kim of the finance team.
We have a higher bid price. Han Sung Steel will be in our hands soon.
What's the point of holding onto the eggs?
We should hatch them and sell them.
We'll sell the Yeosu plant within this year and fill the hole first
for the plants in Byunsan, Gwangyang, and Ulsan.
I'm going to knock on the door of a few companies in the U.S. and Europe.
Auto sales in China are increasing.
They'll need on-site plants and steel to make cars.
For production plants in Asia, Han Sung Steel is the best.
I'll sell it at a high price.
It'll be better to sell it as a whole.
There could be problems if you sell them one by one...
I've been selling land for seven years.
Buy big and sell little pieces.
That's the basic business rule.
But for Han Sung Steel, it'll be better to sell as a whole...
Let me take care of it.
This is Choi Min Jae.
Seo Yoon wanted to see me, so I came...
But I heard you and Tae Joo were here.
Let's have a chat.
Dong Sung's grave altar is taking longer than I thought.
This time, I'll come back in about a week.
It rained a few days ago, so the grass got ruined.
I told the workers to redo the grass...
I should be checking on them.
Congratulations, Min Jae.
Mr. Jang Tae Joo.
I heard about Eden's bid price.
The winner will be announced tomorrow, right?
You won.
I heard there was a problem with financing.
Is it 450 billion? I heard you submitted a loan certificate from a bank in France.
I know that money is not coming.
Since the private equity in New Zealand is also a speculative fund...
that's also dangerous.
The one billion dollars you brought from the States is also a short-term loan.
You have to pay it back in a year.
Even if you win the takeover like that, you won't be able to manage it.
You'll probably do a split-sale.
Then you'll cover for immediate payment dues.
- Min Jae. - Min Jae.
Let's take over Han Sung Steel together.
I'll take care of half your bid price.
Then you don't need to pull in the dangerous capital...
and there is no reason to sell Han Sung Steel in a hurry.
Min Jae, on the day the steel mill was handed to Han Sung...
Dong Sung and I drank half of the alcohol in Myeong-dong that night.
It took me a few years to sober up from that hangover.
Han Sung Steel... are you really going to have it slip through your hands then sell it?
Don't go to Hampyung.
The altar at Mother's grave is damaged.
Fix that first, Father.
I'm asking you if you're going to split Han Sung Steel and sell it in pieces!
My brother and I...
Chairman Choi Dong Sung...
Did you forget what he did to Yong Jae, Father?
Give me my Yong Jae. Special pardon is good, or out on bail from illness works, too.
I'm sorry, Min Jae.
I'll take care of myself from now on.
Do you not remember why Yoon left, Father?
I love you, Min Jae.
I loved you, Yoon.
Should I tell you how you and I got kicked out of Sung Jin Group?
Please take care of my father and me.
- Sure. - Brother!
Brother!
Min Jae...
On my way to elementary school, there were two streams.
I wasn't scared of tigers or snakes...
but I was scared of water.
Now that Dong Sung's gone...
Min Jae...
I don't remember anything about the hate or the fight...
I can only remember my brother who carried me to school, crossing the streams, for six years.
There is a long history between Dong Sung and me that you don't know about.
So... you raise the altar at the Chairman's grave...
and you make the tombstone with the stone from the hometown...
and put grass on the grave!
Han Sung Steel is the seed my Dad planted
and the sweat of Uncle.
You and I, we can manage Han Sung Steel together, no, it'll be Sung Jin Steel...
The name that Dad and Uncle came up with together, Sung Jin Steel.
Let's grow it to become the representative of a steel company in Korea.
Shut your mouth!
Min Jae.
We'll sell the plant in Yeosu within this year.
That's right, the plants in Byunsan, Gwangyoung, and Ulsan... I'm going to tear them off one by one
then sell them to Japan, the U.S. and Europe.
No one will remember...
that there was a company named Sung Jin Steel.
I'm going to buy Sung Jin Group with that money, Seo Yoon.
I'll make sure no one remembers...
that there ever was Chairman Choi Dong Sung.
Min Jae...
Go to Hampyung.
I'll fix the altar at Mother's grave, Father.
This time, I can't take your side, Father.
I wanted to grow Han Sung Steel under Sung Jin Group...
I'm sorry, Uncle.
Did I tell you?
That my father was a horseman of Choi Dong Sung?
Does he now want to become a grave keeper for Choi Dong Sung?
Tae Joo, if you ever see my father in me...
abandon me.
I will.
Annual sales of a certain amount, exports of a certain amount, net profits of a certain amount...
That's how we are. We judge companies by numbers, by money.
But Dad and Uncle are different.
When other countries were mocking...
they filled the coastline and reclaimed land.
When people were laughing, they built a steel mill on the reclaimed land.
Dad's gone, but I believe Uncle still has it in him.
The memory of seeing the iron ore boiling in the blast furnace for the first time...
the tears they shed on the first day of exporting their steel to another country.
That memory... those tears... will help us.
I'm going to sell the Yeosu plant within this year.
That's right, the plants in Byunsan, Gwangyang and Ulsan... I'm going to tear them off one by one
then sell them to Japan, the U.S. and Europe.
The name Dad and Uncle came up with together... Sung Jin Steel.
Let's grow it to be the representative steel company in Korea, Min Jae.
Hi, Chairman Jung. No, nothing much, I'm doing well.
Yeah, where are the creditors reviewing the bid proposals for Han Sung Steel?
I have something to tell them.
[Live broadcast of announcement of the winner of Han Sung Steel takeover airing soon]
I became the acting manager when I was 22.
The youngest manager.
No one broke that record yet.
You said you talk about the old days when you get nervous.
What are you nervous about? The game's already over.
We have a higher bid price and have about the same non-price elements.
I wonder what my Tae Joo will get me when we get our money this time.
Look around for a five-story building.
Good! My mom's wish came true.
She told me not to look at men based on salary and marry a man who receives rent.
I'm about to receive rent.
- President Jang, I... - Look for a wedding shop for your wife.
You married a college student majoring in clothing and promised her a wedding shop
and made her work hard for 20 years...
so you should keep your promise.
When you two get married, I'll take care of the wedding dress.
Now that I don't use my fists, my senses got better.
And now that I don't use curse words, I crave sweets.
It's starting.
The ones that submitted the bid proposal for the takeover of Han Sung Steel are...
Sung Jin Group and Eden Consortium.
After reviewing the bid price and non-price elements from both proposals
the company that will take over Han Sung Steel is
Sung Jin Group with the bid price of 980 billion won and 1 billion dollars.
[Sung Jin Group win the takeover of Han Sung Steel]
Form a committee for the takeover of Han Sung Steel today.
Draw from internal experts and bring outsiders for the advisory team.
Oh... and leave Furnace 1 of Han Sung Steel as is.
It's been used for over 30 years, so we should get rid of it...
It's the furnace that Dad and Uncle made.
I'm going to make it a symbol of the Korean steel industry.
This is Choi Seo Yoon.
I saw it on TV. Congratulations!
I had a dream of pigs last night.
Hundreds of pigs were roaming around the department store...
I knew you'd get Han Sung Steel.
Poor Eun Jung.
You said it's 1.6 trillion.
Seo Yeon had 980 billion, so how...
I know! I'm checking right now!
The presidents will lean towards Seo Yoon.
Seo Yoon will become the Chairman of the Group.
Won Jae, what should I do about the department stores?
Even if the sky falls apart, I'll make a hole to save the department stores! Okay?
It seems like there was a problem during the evaluation meeting last night.
It looks like the issue of our financing...
and our post-purchase plan was leaked.
Who was it?
Ex-Vice Chairman convinced the evaluation committee last night
that Han Sung Steel should go to Sung Jin Group.
Min Jae, pack up.
Leave with me.
Get a couple of boxes and pack up
and take the big stuff to Sung Jin Development. I made room in the office.
Did you go to the evaluation meeting last night, Father?
If we have Sung Jin Construction, you, Yoo Jin and I won't have to skip meals.
Won Jae, Director Kang...
Min Jae, work together with me.
I'll go get work and do public projects, you can just raise buildings...
Sung Jin Oil... you secured the fuel line and built the gas plant.
You handed it over to Chairman Choi Dong Sung.
Sung Jin Auto... you started it from a partnership with an American company.
With one word from Chairman Choi Dong Sung to remove yourself...
you left the president's office that day.
You gave Han Sung Steel into the arms of Chairman Choi Dong Sung this time, too.
That's right...
I convinced the evaluation committee to give Han Sung Steel to Seo Yoon.
They finally understood what I was talking about early in the morning.
I'm sure Chairman Choi Dong Sung is very thankful.
This time, it was for you.
We started as an 80-pyung cement plant.
Every time we got a bag of cement, it was strange...
Thinking, 'I made this,' it made me feel like it was my child.
One day, I even stuck my finger in and tasted the cement powder.
Apartments collapsed... and somehow we took over Chung Ma Construction.
Without breaking a drop of sweat...
a company much bigger than ours came into our hands.
From there, we bought companies with money.
Dong Sung and I had fights.
I want to remove half of my life.
Only if Han Sung Steel came into my hands, Father...
- Sung Jin Group... - Min Jae.
Once the tongue that used to taste cement powder tasted money...
everything in the world looked like money.
Companies, plants, even people.
'He's worth this much,' 'that's worth that much'...
If Han Sung Steel came into your hands, you'd fight with Seo Yoon.
You and Seo Yoon both never tasted cement powder, but only know the taste of money...
so you will fight 10, 20 years...
then you will become my age.
Min Jae...
What I'm feeling right now...
I don't want to make you feel that way.
That's how I feel.
Let's go, Min Jae.
Hold my hand and eat in the construction site...
drink with the workers and sing with them...
Let's build Sung Jin Construction with our sweat like that.
What you're feeling right now... I won't feel that way.
Because I'll become the owner of Sung Jin Group.
Min Jae...
I'll grow it bigger. Two, three times as big.
I'm going to change the company name, too.
I'm going to rewrite the history of the Group.
I will become Wang Gun, the founder of Goryeo.
I'll make sure no one remembers the name of the failed emperor Gung Ye, Choi Dong Sung.
Min Jae...
you will also be regretful when you get to my age...
Regret is for the horseman.
I'll become the owner of the carriage.
I'll go to Hampyung Farm.
If you get tired... or need a place to rest
then come visit me.
My son.
Don't ever come back, Father.
We'll start with the content of the agreement first.
In the negotiation today
Managing Director Camdessus requested support from presidential candidates.
We created a chance to overcome the current currency crisis.
I am Lee Hyun Sik, reporting from Building 1 of the government complex.
Regarding the IMF situation...
Land price became the price of shit.
Apartments got cut in half and shopping malls feel like funeral homes.
Prepayment is zero, security deposit is down.
Even with six months of free rent, no one's moving in.
My brothers are suffering, too.
There are more waiters than customers in clubs.
The ones in alcohol distribution drink more than they sell.
Tae Joo... our country could go bankrupt like this, no?
Just because the country becomes rich, our lives don't become rich.
Same thing. Just because the country goes under, it doesn't mean we do.
Seol Hee... this is an opportunity.
The Korean War became an opportunity for a Japanese economic boom.
The Vietnam War became an opportunity for Korean economic development.
The government and corporations are downgrading in credit ratings...
Gas price will increase substantially from tomorrow.
It's the war of money now.
The IMF situation means, Seol Hee, a poker game of capital.
The one who has a lot will take it all.
Everyone in the country is placing their bet to survive...
to last one more day.
But in the end, the one with a big stake will take it all.
Seol Hee, Director Jo.
Research the countries that received help from the IMF.
And check for the areas that surged and crashed before and after the IMF.
If it works out, it could be good luck for us.
Luck comes when preparation meets opportunity.
We've been ready.
The opportunity just came. Finally.
I'd like to invite you to a round of golf some time.
You and me... just the two of us are a bit...
I'll go with Director Park.
For you... I heard you're classmates with Minister Seo of Strategy and Finance.
I'll form a team that way.
If he gets on the newspaper playing golf in a time like this...
It won't get out.
Empty out the golf course that day.
I heard one of your ancestors was hurt in Prince Suyang's coup.
One of the four painters of the Joseon Dynasty.
These are the orchids he painted.
After hundreds of years, it's going into the hands of his descendant.
I will look for more of his paintings.
I'd like to meet some time this week.
I'll try to set up a meeting.
Vice Chairman.
No matter how urgent it is, there are hands we shouldn't hold.
President Choi Min Jae and President Jang Tae Joo.
They have one billion dollars that they brought for the takeover of Han Sung Steel.
Congressman Kim will set up a meeting with Minister Seo of Strategy and Finance.
Minister Seo would have run over here with a phone call.
Right now, all the companies are asking for a hand.
He probably doesn't have the means to hold other people's hands either.
We have to postpone the existing payments in foreign currency.
Other countries want the guarantee of the Korean government.
Even if we meet with Minister Seo and get rejected for the government guarantee...
the Sung Jin Group branch overseas will go bankrupt.
Then the Group itself will be in danger.
Our internal holding of foreign currency is only about 10,000 dollars.
We put in everything during the takeover of Han Sung Steel.
What's more important?
Is it your feeling? Or is it the survival of Sung Jin Group?
The ones Chairman held hands with...
half of them were the ones he didn't like.
The feelings of the owner should only be used for the Group.
Vice Chairman.
[Bloomberg says foreign currency reserve in Korea only 2 billion dollars]
This is the reserve for the country.
But now, President Choi Min Jae and President Jang Tae Joo have one billion dollars.
Please set up a meeting. It'll be good to see them in the company.
Thank you, Director Park.
The 200 billion in our account...
After preparing for the Han Sung Steel takeover
and making up the loss for the private equity
more than half of it is gone.
The 1 billion dollars from the States...
it's a short-term loan, so the interest rate is 12 percent.
Just the annual interest payment alone is 120 million dollars.
When the exchange rate was 800 won, it was about 100 billion won.
At the current exchange rate, the interest payment alone is 240 billion won.
It was too much for us to handle...
It's good. Seo Yoon can take care of the interest payment...
and if she compensates for our loss from the takeover bid of Han Sung...
let's hand over the one billion dollars.
We can manage ourselves with that.
Tae Joo, another opportunity will come.
Let's go.
Let's have another cup of tea before we go.
The precious princess should learn to wait for people, too.
I'll have cotton flower tea.
I saw that he arrived an hour ago and went into President Choi Min Jae's office.
I'll go and...
There was traffic.
Gas prices have gone up a lot, but there are more cars on the road.
The meeting of the Federation of Korean Industries is at 3 o'clock, yes?
Yes, ma'am.
It takes about 40 minutes, so we only have five minutes to talk.
If we had more time to talk
it would have been more helpful to you, Min Jae and President Jang Tae Joo.
Get the car ready in front of the building.
Yes, ma'am.
Let's make it quick, Min Jae.
The government will guarantee the foreign currency loan of Sung Jin Group.
For the amount we need at the foreign branches...
you already know that Sung Jin Group has good credit.
There are a few foreign banks that are willing to give us a loan.
But with the IMF, the credit rating downgrade...
and the mood like this, interest rates are high.
So I thought about you.
One billion dollars. It's a burden on you, too.
Stocks in real estate are plunging.
Any profit from the investment...
What if it goes lower?
The one billion dollars is a one-year short-term loan.
If you can't pay it back in cash, you'll lose everything.
You're not fit for gambling.
You won't do it anyway.
I'll take care of the interest payment from the increase in the exchange rate.
The loss we incurred from the takeover bid of Han Sung Steel...
I'd like you to make good on it.
It'll be tough with the company funds...
Okay, I'll take care of it by selling my personal assets.
Sounds like we heard everything from you.
Now let's tell her what we have to say.
Sung Jin Chemical, Sung Jin Telecom, Sung Jin Securities, Sung Jin International
Sung Jin Distribution, Sung Jin Textile, Sung Jin Corning
Sung Jin Electronics, Sung Jin Precision, Sung Jin Energy...
Exchange them with us... for one billion dollars.
Tae Joo.
You're funny, Mr. Jang Tae Joo.
You and I are sitting at the same gambling table.
If you need to borrow money, follow the house rules.
For this gamble, I set the rules.
Ten Sung Jin affiliates for one billion dollars.
Ms. Choi Seo Yoon, you fell in the water now. You're drowning.
The gold nuggets you have with you... throw them at me.
Then I'll throw you a rescue rope.
Mr. Jang Tae Joo.
It's time for you to leave. We'll get going first.
Call Congressman Kim.
Ask him about the meeting with Minister Seo.
In the worst case, you need to accept Jang Tae Joo's proposal.
Director Park!
It's ten Sung Jin Group affiliates.
Ten companies that Dad built...
Seo Gyung Group filed for bankruptcy today.
Hyo Chang Group will also request legal management tomorrow.
Maybe we could also...
Vice Chairman, even if it takes cutting off an arm, we have to survive.
Do you even know the value of the capital assets in 10 affiliates?
Even a healthy man will collapse without blood circulation.
A company will also collapse without money circulation.
Go back. Tell Seo Yoon that we'll accept her conditions...
You have the blood of a horseman too, President Choi Min Jae.
Tae Joo.
You were the one who told me to leave you when I see your Father in you.
The IMF crisis is a once in a life time opportunity for us.
Let's raise our stake by ten fold, hundred fold.
Choi Seo Yoon will accept our proposal.
If she had another solution, she wouldn't have called us.
Talk to your wife.
Put financial pressure through Daehan Bank...
and let me take care of my business.
President Jang Tae Joo is too reckless.
- We need to come up with a plan... - Just leave him alone.
We... still need him.
Yong Sung Group is about to go under, too.
Chairman Gong of Chungha is meeting with managers in credit unions to borrow money.
If we didn't have a billion dollars, we could follow Chairman Gong's shadow.
Why don't you listen to Min Jae and Tae Joo?
Eun Jung should lend cash from the department stores to Seo Yoon.
Mom, she bought gold.
When everyone else in the country is donating gold
she buys gold at a price dip, saying the price will go up again soon.
When the whole country is donating gold, you bought the right to sell foreign cars
and now make profit from it. I don't think it's advice I should be hearing from you.
My Seo Yoon, you don't look good at all.
Let's go somewhere around here and get some air, okay?
Sanjeong Lake is really nice.
I went there with Dong Hui last week. Wasn't it nice?
Yes.
This is Choi Seo Yoon.
Then maybe next week...
I'm sorry.
Minister Seo is also in the position to take responsibility for the crisis right now...
Once the new administration comes in, he won't be able to avoid the prosecution.
He said he couldn't get involved in anything that could be trouble.
Thank you.
'A big horse doesn't die.'
The good times are over.
Sung Jin Group, Yong Sung Group... it's a hard living for them.
You'll catch a big horse this time, President Jang.
Once I get the affiliates, I'll set up a subcontractor for you.
You'll have an exclusive contract
so your children can come and sign the approval whenever they have a minute.
Thanks to you, I can play my part as a father.
Tae Joo, here is the revenue of the affiliates from last year.
I wouldn't understand it anyway, so have fun with it.
I forgot, this is for your wife's birthday gift.
It's okay to show me that look with money.
But, Congressman Kim...
if you ever look at Director Yoon that way again...
it'll be hard for me to contain myself.
I thought I should let you know.
This is Jang Tae Joo.
This is Choi Seo Yoon.
It'll take a few days to perform due diligence on 10 affiliates.
There is a lot to wrap up, too...
I need more than a week at least.
Just do a quick run on the numbers in two days... then let's exchange.
They're part of Sung Jin Group's family.
I'd like to request the employee retention.
You gave birth, I'll raise them. I'll do my best to raise them well.
I don't need to talk to Min Jae separately, do I?
Could you... tell me again?
You, me... and Sung Jin Group.
I asked if you'd consider cutting it in half and having it in your hands.
If you'd consider that...
Min Jae, then the one billion dollars shouldn't go to Seo Yoon.
Subtitles by DramaFever