He is Already a Tycoon at a Young Age! - Chapter 115



Only Noblemtl

#115

October 23, 1997, Pacific Investment Corporation, USA, representative office.

“On the 22nd, Asia Motors entered court receivership. Asia Motors is the second largest automobile company in South Korea.”

The head of the US Pacific Investment Corporation reported to me.

“Like dominoes, the country’s leading companies will collapse. This is something that everyone expected, and Pacific Investment Corporation has prepared accordingly.”

“Yes, the South Korean government will eventually have no choice but to ask the IMF for a bailout. The South Korean government may have secretly requested emergency funds from the Japanese government, but it will be rejected.”

“Yes, that’s the point.”

“Mr. Major Shareholder, wouldn’t it be okay for you to acquire Asian automobiles?”

I shook my head at the words of the representative of Pacific Investment Corporation.

“The car company I want to acquire is Tesla. Electric vehicles will become the trend in the future. And Taean Battery, an affiliate of Taean Group, has already started developing electric vehicle batteries for the acquisition of electric vehicles.”

“You are developing electric car batteries in order to acquire Tesla Motors?”

“We are developing electric car batteries and wireless batteries for electronic products. The wireless era is coming soon. And cell phones with Internet access will be widely used, and battery consumption will increase accordingly. In other words, a situation is coming where high-performance batteries are absolutely necessary.”

The representative of Pacific Investment Corporation nodded at my words.

“So even if Asia Motors goes into receivership and is put up for sale, I have no intention of acquiring it. And the reason I came to the U.S. is not to acquire a Korean company, but to prepare for the future. The Thunderbolt Center will take care of the present of Taean Group, but the Internet will take care of the future.”

“Internet. The largest shareholder always emphasizes the Internet. After acquiring a 50% stake in Amazon.com, he negotiated with the founder of Amazon.com to change the name to Pacific.com.”

“That’s right. Pacific.com will be the center of Internet e-commerce.”

I was able to convince the founder of Amazon.com because I owned Thunderbolt Center, the largest logistics warehouse and shopping mall in the United States, if not the world.

“Yes, I think so too.”

“I would like to report on the following matters.”

“And this is about South Korea. The reason I keep reporting only on South Korea is because, in the current situation, there is no better playground than South Korea.”

This is also true.

“Yes, please report it.”

“It is said that the US S&P will announce a downgrade of South Korea’s national credit rating on the 24th.”

It’s finally begun.

“To what extent?”

“They say that in the long term, it will be downgraded from AA- to A+, and in the short term, it will be downgraded from A1+ to A1. And, starting with the downgrade of the national credit rating by the US S&P, the US Moody’s is also planning to downgrade the national credit rating of South Korea.”

“Investors will be reluctant.”

“They will take that form for now, but while waiting for South Korea’s sovereign credit rating to drop further, they will try to secure as much equity as possible in blue chip companies. Representative examples include Samsung Electronics, Taean Electronics, and Taean Battery, which will likely be targeted by large hedge funds.”

“You chose wrong. It is the best among Korean companies.”

The head of Pacific Investment Corporation also laughed at my words.

“If hedge funds in the U.S. or Europe start buying shares of the companies I mentioned, their stock prices will skyrocket even if the Korean composite stock index plummets.”

“It doesn’t matter. I’m the largest shareholder.”

“But isn’t Samsung Electronics different? Even if you add up all the shares of the special related persons of the group leader, you can’t say that it is a perfect defense of management rights.”

This is also true.

“That’s true. Then we should expect the Hong Kong stock market to crash as quickly as possible.”

I told Pacific Investment Corporation, a South Korean national, and Pacific Investment Corporation, an American national, that the Hong Kong stock market would crash, and had them invest in derivative products related to the index crash.

It’s due soon.

“Yes, I am also looking forward to it. When Taiwan gave up its foreign exchange defense, the profits it made through the exchange rate difference were enormous. And 50% of the profits it made through the exchange rate difference were used to purchase stocks in Taiwanese semiconductor companies.”

“How much is the stake in the Taiwanese semiconductor company secured?”

“With 12%, the two Pacific Investment Corporations have secured the positions of the third and fourth largest shareholders of the Taiwanese semiconductor company.”

“Haha, thank you for your hard work. Now all I have to do is wait for the Hong Kong stock market to crash.”

“Yes, if the Hong Kong stock market crashes, I will make about $5 billion in profits from index-related derivatives alone.”

I nodded to the words of the representative of Pacific Investment Corporation.

“We plan to use the $5 billion in secured proceeds and the $5 billion that Pacific Investment Corporation has to challenge Yahoo.”

“You’re challenging Yahoo?”

“Yes, I am conducting business and investing because I am convinced that the Internet will change the future and everyone’s life and culture, so it makes no sense to not have a search portal, which is the essence of the Internet.”

“That’s true.”

“We will establish an Internet search portal called Alphabet.com.”

Of course, the original name of Alphabet.com, as I told the Pacific Investment Corporation representative, was Google. The good news is that Google hasn’t been founded yet.

‘so.’

From now on, I will scout the founder of Google, whom I know, to be a professional manager at Alphabet.com.

“Did you say alphabet.com?”

“The word alphabet is familiar to Americans and English speakers. It is also the most basic thing in life. That’s why I named it alphabet.com.”

“But Mr. Major Shareholder, can you really break Yahoo’s stronghold?”

“If I think it might not work out, and the CEO asks me negative questions, wouldn’t it be impossible? The key to all business and investment is people. We start by scouting the best experts and do what Yahoo couldn’t do. We also use all the complaints that Internet consumers have had about Yahoo as weapons to compete.”

“I think you’re right.”

“I’m planning to start a software development company with him.”

The head of Pacific Investment Corporation looked at me with a look that seemed to indicate that these instructions would be endless since I had come to the United States in person.

“This time, it’s an internet-related software development company, right?”

“Sure. Right now, no computer software company can keep up with Microsoft. But the Internet on your phone will change the world.”

Of course, this will only be possible in the next 10 years.

‘But I.’

That 10-year period will be shortened to 5 years. In fact, a cell phone with Internet access has already been developed, but it has failed to catch on.

A Japanese electronics company was the first to develop and commercialize it, but

It ended in failure.

In fact, before that Japanese electronics company, it was first used by the military and is still in use today.

GPS is a representative example.

‘Anyway, there’s no way I’ll succeed in Japan.’

Even in 2020, when internet culture was in full bloom, Japan prioritized offline over online and stuck to analog over digital methods.

‘What if that company was American?’

How different would the world be now?

“If we summarize what the largest shareholder said, the goal of the software company to be established will be to develop an operating system for mobile phones that can freely use the Internet.”

“That’s right. I think that from now on, I will call a mobile phone that can access the Internet a smartphone.”

“It’s a perfect name, since you’ll be able to use the Internet.”

“Yes, in any case, we will start developing a smartphone operating system. As you know, there is Samsung Electronics, and since Samsung Electronics will start developing smartphones, they will adopt the mobile phone operating system of the company I founded.”

“Yes, so it certainly seems competitive. But I think other electronics companies should adopt that operating system as well.”

“For example?”

“If Samsung Electronics starts developing smartphones, wouldn’t Apple also start developing them, seeing the trend of the times? If Apple starts developing smartphones as the largest shareholder mentioned, it is highly likely that it will create the best product.”

“Then it will be a competition between Samsung Electronics and Apple.”

“Probably so. In my opinion, if Samsung Electronics and Apple were to compete over a single product, Apple would be more likely to win.”

“is it so?”

I asked again, knowing the future.

“yes.”

“Why?”

Actually, I know the answer.

‘What made smartphones a trend?’

It’s Apple’s iPhone. And Apple didn’t make smartphones, they made a culture and sold it to consumers. In contrast, Samsung Electronics emphasized innovation and sold the most smartphones among all electronics companies in the world, but fell behind Apple in net profit.

‘Samjeong Electronics, which sold hardware.’

Apple created a culture that can be called software!

Of course, Apple has no choice but to win.

Apple even opened Apple Stores, which Samsung Electronics did not have, and the real profits came from Apple Stores.

‘That’s what I’m going to do.’

Create Alphabet.com to replace Google and open the Alphabet App Store.

If I could develop a smartphone operating system and get the electronics companies that make smartphones to adopt that operating system, then I would be the best.

“Apple creates a culture right away when it develops a new product. It developed a personal computer and then made it into a culture. That’s why Apple is bound to win. Also, there is the uniqueness of being an American company, and Samsung Electronics is a Korean electronics company, so there are limitations. In my judgment, based on Samsung Electronics’ actions, they will only try to incorporate new technologies into their new products. So they can never win.”

“I learned about the shortcomings of Samsung Electronics through you, CEO. Now that I know the shortcomings, I can improve them, no, I can improve them. So thank you.”

“It seems like you’ve already found a way to improve.”

This is the representative of Pacific Investment Corporation smiling at me.

“Did you guess?”

“You said you would develop and adopt an operating system for mobile phones that would be called smartphones and have internet access. Then you would embed something like that in the operating system itself. I think you will do something amazing together with the Thunderbolt Center. Hahaha!”

“To do that, we need to scout out experts and start developing a program.”

The App Store is going to be huge.

‘All apps to be used on smartphones.’

Because I will receive it from the Alphabet App Store and use it. And in the process, I will receive the toll by using the Alphabet App Store.

‘Google did it.’

Apple did it. Now I’m going to do it.

If possible, I plan to have it exclusively.

“That’s right. We’ll get right into establishing the company and scouting engineers.”

This is the representative of Pacific Investment Corporation smiling at me.