He is Already a Tycoon at a Young Age! - Chapter 40



Only Noblemtl

#040

“I believe that the decision by the president of Samsung Electronics to give up the acquisition of Korea Semiconductor was a stroke of genius.”

“A move of God? Hahaha!”

It was the chairman of Samjeong Group who thought that the one who made him do that was his grandson, Ji-seong.

‘Wouldn’t the guy have been able to predict this situation?’

The chairman of the Samjung Group smiled after asking and answering the question himself.

“It looks like this guy is trying to fool me too.”

“yes?”

“No, Chief Secretary.”

“Yes, Chairman.”

“Call for intelligence.”

“Yes, I will contact you right away.”

“And tell the secretary’s office to prepare some tteokbokki and sundae, which Ji-sung likes. I don’t know why Ji-sung likes such junk food. Hahaha!”

“Yes, I will give instructions right away.”

* * *

The living room of a luxury apartment used as the office of Pacific Investment Corporation.

“The amount of funds prepared by Pacific Investment Corporation for the acquisition of Korea Semiconductor is 500 billion won.”

The Korean semiconductor acquisition team’s mouth fell open again at my words.

“At the same time, Pacific Investment Corporation is planning to establish an electronics company as a subsidiary. So, you are the preparation team for the acquisition of Korea Semiconductor and the preparation team for the establishment of Taean Electronics. Do you have any questions or comments for me?”

I saw Team Leader Ji-Hwan Jang, who was scouted as the team leader of the Korea Semiconductor Acquisition Team.

‘and!’

I could see the translucent personal records he had.

‘Jang Ji-hwan, former head of the finance department at Korea Semiconductor.’

If so, he must be the person who knows the internal CEO of Korea Semiconductor better than anyone else.

‘There was a reason why Korean semiconductors failed.’

Team Leader Jang Ji-hwan’s personal information was visible in a translucent window floating in the air.

Looking at the special features, I confirmed that my judgment was correct.

【Special Note – A person who was the head of accounting for the Korean Semiconductor division and then became a public figure.】

“No? Then, Team Leader Jang Ji-hwan.”

“Oh, yes, sir.”

I instructed the Korea Semiconductor acquisition team to call me the director here.

“Team Leader Jang Ji-hwan, what do you think about the acquisition of Korea Semiconductor?”

I’m really curious to see how Team Leader Jang Ji-hwan will answer me.

Ring ring, ring ring!

Just then a loud bell rang, and my uncle went into the bedroom to find the phone.

“Sir.”

Team Leader Jang Ji-hwan’s eyes change dramatically when he hears my question.

“Yes, go ahead.”

“Can I tell you my opinion alone, sir?”

“Exclusive?”

“Yes, that’s right.”

“Team Leader Jang Ji-hwan is from Korea Semiconductor, right?”

“Yes, that’s right. So I have a lot to say to you, sir. But I don’t think it’s something that everyone should hear.”

The reason my great-uncle appointed someone from Korea Semiconductor as team leader is probably because he knows the internal president of Korea Semiconductor better than anyone else.

“Okay, let’s go to my office.”

I got up from the conference table.

At that moment, my uncle, who was the general manager of Pacific Investment Corporation, came out of the main room.

“Sir.”

“Yes, sir.”

“The chairman has called you urgently.”

“Grandpa?”

“Yes, he told me to come right away.”

“Okay, I understand. Team Leader Jang Ji-hwan has requested a private meeting with me. Let’s hear Team Leader Jang Ji-hwan’s opinion and then we’ll go. The Managing Director should listen as well.”

“That’s right, the chairman will have to wait again.”

Everyone was surprised by the CEO’s words.

‘I’m surprised that the chairman of Samjung Group has to wait.’

Anyway, that’s the situation.

If Team Leader Jang Ji-hwan tells me the truth, Taean Electronics, which will become a subsidiary, will become a key resource.

If he doesn’t tell me the information I’ve verified, his life will just be a series of blunders.

* * *

The room I use as my office.

“You may be surprised to hear this, but I had to think a lot when I was offered the position of team leader for the acquisition team at Korea Semiconductor. Korea Semiconductor is an empty shell with nothing left. They have been doing fraudulent accounting, and their debt is more than three times the amount that has been revealed.”

“Really?”

I already knew that information, but I asked back with a fake look of surprise.

“Yes, I took the lead under the president’s direction. I hid it so that it would not be easily discovered by whoever becomes the preferred bidder for the acquisition of Korea Semiconductor. Furthermore, the non-memory semiconductor technology that Korea Semiconductor possesses is not special technology. The next-generation semiconductor technology development results that Korea Semiconductor announced in a big way before the sale process were all lies. That is why I am telling you that Korea Semiconductor should not be acquired.”

That was fortunate.

Now, Jang Ji-hwan, the acquisition team leader, will become the financial director of Taean Electronics, which I will establish under my great-uncle’s name.

“But it is true that Korea Semiconductor has a semiconductor factory and has skilled semiconductor production technicians.”

“However, semiconductors require investment in new facilities every year. Given the cost, it may be better to start from scratch rather than take over an old factory.”

“Wouldn’t GL Electronics and Daehyun Electronics know that? They probably thought that the existing factory was more advantageous than building a new one, and that with their technological prowess, they could last for two to three years in the memory semiconductor field. They probably thought that after the acquisition, they could research and develop the next generation of memory semiconductors. My uncle and I both thought the same thing.”

If you want to fool everyone, you should start by fooling the head of the semiconductor acquisition team.

“Are you really going to jump into the acquisition?”

“Of course. More than 300 billion are prepared.”

“Yes.”

“And I told you, I’m going to start an electronics company. The company that’s going to be established soon will start with semiconductors. And while we’re on the subject, I plan to make the electronics company that’s going to be established a company that specializes in producing audio players.”

“When you say music player, are you talking about a product like Japan’s Walkman?”

CEO Park Sun asked me.

“Yes, sir~”

“This is not the time to joke around. Ji-sung, products similar to the Japanese Walkman are already being made by Samsung Electronics, GL Electronics, and Daehyun Electronics.”

It’s an established business.

Director Park Seon believes that it will not be easy for Taean Electronics to penetrate into it.

‘Because it is a business that Samjeong and GL Electronics have established.’

That’s why I think it’s difficult.

“Samsung Electronics made it by benchmarking the Walkman. It’s called benchmarking, but in my opinion, it’s a copy or plagiarism. And GL Electronics copied what Samsung Electronics made.”

“So you?”

Director Park Sun asks if they are any different.

“Currently, both the Japanese Walkman and Samsung Electronics’ Mamai are analog. They play music on cassette tapes, so they can’t be reduced any further than their current size.”

“What if it’s not analog?”

This is important.

It may not be right now, but the digital age is coming. So, I just have to be the leader in the digital age.

“I’m trying to develop a digital cassette.”

“What does that mean?”

“They say that a music playback technology called MP3 has been developed in Germany.”

I already knew that a German research institute had patented MP3.

“okay?”

“Yes, I looked into it separately after I decided to start an electronics company.”

“···Jisung, just how far do you imagine and plan?”

My great-uncle asked me with an admiring look in his eyes.

“Anyway, from what I’ve found out, the patent is held by the Fraunhofer Institute in Germany. So after securing the patent license with that institute, we’re going to develop a digital audio player that has never existed before using MP3 format technology.”

“Will that be easy?”

There is nothing easy in this world.

And you can’t become the best in the world by doing easy things. So I have to take the difficult path rather than the easy path.

“If it were easy, someone else would have done it before me.”

“I guess so.”

“Uncle, think about it. When they developed the Walkman in Japan, what was it like? It caused a sensation. If this works, it will be even greater. First of all, since it is not analog, there is no need to put the cassette tape in the player to play it. Then, the size and weight will be drastically reduced compared to existing cassettes. Perhaps in the future, it will be possible to reduce it to the size of a lighter.”

When I talk to my great-uncle, the first thing that comes to mind is Iver, who almost bit into a pineapple and ruined it.

‘The hardware is borrowed directly from Iver.’

The software company intends to copy Pineapple’s approach and launch it in the United States along with its product development.

We will raise a huge amount of capital and acquire the largest music site in the United States after development.

My goal is to turn it into a paid music site and sell paid music bundled with an MP3 player.

Of course, to do that, I would have to become a capitalist with more than 5 trillion won before 1996.

‘Stealing the future of two companies.’

If I succeed in my development and acquire the largest music site in the U.S. as I planned, the music player I develop and sell will become an absolute powerhouse in the music playback sector until smartphones become commercialized.

And Pineapple, which lost the iPod to me, will have to suffer from worsening management for a while longer, while my father’s Samsung Electronics can establish itself in the mobile phone industry and create a sensation by releasing smartphones faster than other global electronics companies.

‘then.’

Samsung Electronics may eat the pineapple.

“Isn’t that almost impossible?”

“Even when we made a double-door kimchi refrigerator, Samjung Electronics didn’t have the technology. We didn’t have the technology to keep the refrigerator cool. We filled all that up with technology partnerships and used our capital to recruit more researchers, and we eventually succeeded in developing it. We ended up commercializing the double-door refrigerator for the first time in the world. As a result, we went beyond the domestic market share in the refrigerator industry to become the world’s number one company. No other domestic electronics company has been able to do this.”

It is no exaggeration to say that the double-door refrigerator is what is keeping Samsung Electronics afloat at the moment.

“That’s true.”

“If Grandpa could do it, I can do it too.”

My uncle looked at me intently at my words.

“Then securing patent rights would be a priority.”

“Yes, that’s right.”

“Excuse me, CEO and Director.”

Team leader Insu, who had been listening quietly, called me and my uncle.

“Yes, team leader.”

“Are you really going to acquire Korea Semiconductor?”

“We must do so. Only then can we change Korea Semiconductor to Taean Electronics and begin research on reducing the size and volume of memory semiconductors. If we are to grow into a global electronics company, the semiconductor business is not an option but a necessity.”

“Finally, I will say this. The acquisition of Korea Semiconductor will do more harm than good.”

“We are considering taking over the acquisition with that in mind. Team Leader Jang Ji-hwan can take over unconditionally with the acquisition team. If that happens, he will become the financial director of Taean Electronics.”

“Oh, I’m the CFO?”

Episode 41