Chapter 84: A Sad Life (2)
After the IMF regime, many conglomerates collapsed, but a few managed to weather the storm and maintain their standing.
Among them, some even used the crisis as a springboard to rise higher...
Daehwa Group and Mirae Group were prime examples of that.
‘Even if I don’t know about the others, Mirae Group is a bit dangerous.’
Unlike other conglomerates that can be crushed with sheer money, Mirae Group had one critical difference.
They had a president come out of the family. Cha Sang-hyun, the younger half-brother of current chairman Cha Sang-hee, would later rise to the peak of political power.
Cha Sang-hyun, the 16th President of South Korea.
After the foreign exchange crisis had somewhat settled, he took office—but in truth, he wasn’t much respected within the business world.
He was originally involved in the student movements back in the day.
His relationship with the Mirae Group chairman was distant due to both a significant age gap and several incidents between them.
...Honestly, that doesn’t matter much. For people at that level, blood ties like that are nothing more than a mild awkwardness easily overridden by synergy.
Right. We’re talking about the president.