Money Likes Me Too - Chapter 37



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Episode 37.

“500 billion won?”

Team Leader Han Jang-soo shouted in surprise. It was right after I brought up the topic of Baedal’s investment in the nation. The CEO’s office resonated loudly.

It was an expected reaction.

On the other hand, Lee Jong-suk’s expression was rather indifferent. It was a face that said what was coming had come.

“Can you reconsider, sir?”

Team leader Han’s voice was earnest.

“As I said, this isn’t a problem that can be solved by me rethinking it.”

That was the situation.

I couldn’t miss the investment opportunity worth 500 billion won, but I didn’t want to lose the Baedal Nation to someone else at this point.

It was a company created just to spend my money. That was impossible.

But one team leader didn’t seem to think so.

“Alexis, which you personally acquired by going all the way to the US, is worth only about 70 billion won. Baedal Minjok, of course I think it is a good company, but I don’t think it is worth spending seven times more.”

Lee Jong-suk, who had been quiet, also intervened.

“I agree with Team Leader Han. It is excessive spending.”

I asked him.

“So, CEO Lee Jong-seok, the only reason you can say is that it’s expensive?”

“Because there is no better reason.”

“Then I don’t have to change my mind. I will proceed with the investment as is.”

“······Are you serious?”

I knew you would ask this question, so I prepared an answer.

“It’s not just the price that you see that matters. It’s the intrinsic value that matters. As I’ve said many times, Baedal’s people are worth it.”

Of course, if there were other opinions, I would have listened. I am always open to advice.

But if the only reason is that it’s expensive, then it’s a different story. That’s no different from telling me I can invest as much as I want.

“Then let me say one more thing.”

It was Lee Jong-suk.

“You don’t have to do it anymore. I think I’ve heard enough to say that I can’t do it.”

“No, I’m talking about the current situation.”

I nodded. He continued.

“Currently, Saudi Arabia’s current Crown Prince Abdullah is in a defensive position. He is not the king’s biological son. Therefore, the Saudi sovereign wealth fund under him cannot make aggressive investments as it pleases. If it suffers a large loss, it could come back to haunt its owner.”

“Oh, I didn’t know that.”

“I think the situation for Loftbank’s Son Byeong-hwa is not much different.”

“Why? Isn’t that person your biological son?”

I asked.

“That’s not what I meant.”

Lee Jong-suk’s explanation followed, sounding slightly annoyed (perhaps because he was in a bad mood).

“Loftbank acquired Sprint, the fourth-largest telecommunications company in the U.S., late last year. The acquisition price was a whopping $20 billion. Even though he is a big shot, it would be burdensome to make a series of large investments.”

“okay.”

“They are both overdoing it. They are not 100%. They are fighting only for pride. It is a show of force.”

The meaning of these words is the same.

“Are we the ones holding the reins?”

“That’s right. All you have to do is just sit back and watch. Then, things will naturally turn in your favor. I guarantee it.”

That means I can lower or raise the price as I please. As expected, he’s a cool-headed person. It wasn’t a bad decision.

“Okay, I understand.”

This is enough. The decision will be made at the end of this year anyway. There is plenty of time to wait and see.

I changed the subject.

I brought up the story of the CocoaTalk wallet (the name of the ‘CocoaTalk money transfer’ function) that I was going to present to the staff during Monthly Day.

“I have something to tell you about that too.”

This time again, it was Team Leader Han who spoke first.

“I don’t know much about the technical aspects, so I think I should talk about the financial aspect first. To conclude, simple remittance and payment services are not profitable.”

Oh, you don’t have money?

This time, the beginning was good. I liked it from the beginning. Team leader Han, who did not know my feelings, continued to speak.

“There is a fee for remittance. If we charge the customer, they won’t use the service, so we will end up paying for it. That is already a cost. Let alone payment services. It is a business where the bottom line is bigger than the bottom line. No matter how much you calculate, it is obvious that it will be a deficit.”

It’s full of deficits.

It was a word that I really liked. It made the choice easier. I was grateful to Nam Hyun-seung for giving me the idea.

“There are also legal issues that remain.”

Team leader Han seemed to have a lot to say.

“The law?”

“Large corporations cannot easily get involved in the financial industry. It is called the separation of finance and industry. You should also consider this. Of course, there is some room for interpretation as to whether this business is a financial business or not.”

“Wait a minute. When did we become a big company?”

A team leader answered.

“Not yet. But if the current trend continues, won’t it become a large company someday? I think it will easily exceed 5 trillion won in total assets within a few years.”

Yeah, no. It won’t work out for a big company. I thought to myself.

There was silence for a moment.

“I feel deeply moved when you say it is a large company.”

Lee Jong-suk changed the atmosphere.

“That’s true. When Yoo Jae-hong called me to this countryside, I couldn’t even imagine a future like this.”

Team leader Han also chimed in. I also chimed in, suddenly having an idea.

“Shall I tell you one more unimaginable thing?”

“yes?”

“It’s nothing. There are still some people who feel uncomfortable because Team Leader Han is still the team leader. I’m one of them.”

Lee Jong-seok snickered at my words. He seemed to have figured out what I meant. Team Leader Han also took it as a joke.

“Is rank really that important? Our company has a horizontal atmosphere. I sometimes fight with Won Jin-ju over corporate card expenses. Usually, I end up being wrong.”

All three laughed.

“Team Leader Han, starting today, you will be the head of the strategic planning department.”

There was no answer. I continued.

“The support team has a lot of work to do. I hope that you will not only do support work, but also take charge of other functions as the head of the strategic planning department. I will give you orders.”

Han Jang-soo looked into my eyes for a long time. I could feel the emotion in his eyes. He finally opened his mouth.

Finally, words of gratitude rang in my eardrums.

“I am grateful for what I am grateful for, but I will not tell you that something cannot be done, sir.”

Added an extra note.

“I don’t even want that, Director Han. Just don’t stop us from announcing our CocoaTalk wallet at today’s monthly day meeting.”

That was something I could never compromise on.

“You’ve already announced it, so I can’t stop it.”

A smile had already spread across the corners of the mouth of the grumbling manager. This is how I raised another employee’s salary. The purpose of this was something no one but me would know.

***

There’s not much time left until Monthly Day.

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Coco I&M CEO Song Yu-hwa came down to the third floor where the public conference room was, feeling an inexplicable sense of anxiety.

‘I have a strange feeling about today.’

The beginning was as usual.

The New Year’s greetings were followed by a brief company-wide announcement. Up until this point, it was a normal start. The only special thing was the news of a manager’s promotion. Everyone congratulated him.

That was the problem.

I received the pre-materials by email. I also read the CocoaTalk wallet service and Song Yu-hwa. Everyone was interested in it. During a short break, the employees whispered a few words.

‘You can send money or make payments with KakaoTalk? Is that really possible?’

‘We’re not a bank, so is it possible? It would be convenient if it could be done.’

She thought the same thing.

In fact, Song Yu-hwa wasn’t particularly interested in the possibility of its realization.

This project will eventually require someone to take charge, just like he was forced to take charge of Cocoa Studio before.

All she cared about was who that someone might be.

‘I don’t know who that person is, but I feel bad for them.’

I mourned deeply.

It was while I was worrying about the future that had not yet arrived that Kang Si-hyeon started crying.

“Come on, let’s be quiet.”

Everyone’s attention was on him.

“Let’s look at the screen together. As announced, I will introduce our Cocoa Labs’ new business in 2013.”

Curiosity silenced everyone. The conference room quickly became quiet.

“There is a word called Fintech. It is a word that combines the word fin from finance and the word tech from technology. Fintech. This is the new path that our Cocoa Labs will take in 2013. The service name is ‘CocoaTalk Wallet’, and we will be forming a new business division in the future to prepare the ‘CocoaTalk Money Sending’ function.”

This was followed by a description of the remittance model.

The analysis and forecasts were mainly about the escrow service that utilizes the banking networks of 16 domestic commercial banks, or about starting a partnership with PG (online payment agency) to have Cocoa’s own payment system within the next few years. It was a vague story.

‘It’s difficult.’

It was Song Yu-hwa’s comment.

Others were similar. They had a general idea of ​​what kind of business it was, but they said there were major obstacles at every stage.

‘PG is secondary, but what about the bank? I have to go to all 16 banks and sign a contract? It’s crazy. Who does this?’

An employee raised his hand and asked a question.

“Can I make payments or transfers without a card or cash?”

Kang Si-hyeon answered.

“Yes, it may be difficult right now, but the ultimate goal is to be able to make payments anywhere using just a mobile phone.”

“Can I pay using just my mobile phone?”

“The Financial Supervisory Service is already providing a bank wallet service. It works with USIM. It is not widely used yet, but there are technical ways to do it.”

The questions and answers continued. Kang Si-hyeon looked around.

“I think it would be better if Chief Yoo Jae-hong could explain.”

Then someone raised his hand and said,

“The director is on a business trip.”

It seemed like he was a new employee who attended the monthly meeting instead of Yoo Jae-hong. He was a young employee. His eyes were very clear.

Looking at that, Song Yu-hwa thought.

‘Those eyes are dangerous. Be careful. You could get hurt.’ I felt like stepping forward and warning him.

***

“Excuse me, who are you?”

I asked.

“Oh, I’m sorry for suddenly interrupting. I told you all to just watch······. I’m Junior Yang Seung-kwan, representing the development headquarters.”

Junior? I guess they told me to go for the experience. Whether it’s monthly or anywhere, Cocoa Labs’ culture is not to discriminate between ranks.

I asked a question.

“Then, could Mr. Seung-Kwan explain?”

“Of course. I worked briefly in the ICT side of banking.”

Yang Seung-kwan opened his mouth confidently.

“Pump banking is a service that connects customers and bank networks to a dedicated network to facilitate financial transactions. It is usually used by companies. Once the authentication process is completed, no complicated procedures are required afterward, so it can be said to be a service that is perfect for services such as ‘KakaoTalk Wallet.’”

“You are right on the mark.”

“I have no experience with individual customers because I work in the B2B sector. There will be a lot of trial and error. It will be a difficult process, but it is something that must be overcome.”

I found myself applauding. It was a good attitude.

“Bravo. That’s great.”

The employees’ faces turned pale. The heater must have been turned down. The air is still crisp because it’s still winter weather.

“You just said Mr. Yang Seung-kwan, right?”

I asked him again.

“yes.”

“Are you busy these days?”

“Huh? Oh, I’m not that busy. But······.”

Okay, I got it.

Freshmen usually don’t say they’re busy even when they’re busy. No, they can’t. It’s because they haven’t been exposed to the world’s filth.

“Then, would you like to take on a task?”

A sigh of envy came from the audience.

“I will put you in charge of the PM. Please take charge of everything from staffing to R&R (roles and responsibilities). I think Seung-Kwan Yang can do it.”

Yang Seung-gwan, who couldn’t understand at first, asked again.

“Oh, me?”

“yes.”

“If that’s what you’re saying, then I should take care of all the employees I work with and all the work that requires cooperation?”

“Of course. It doesn’t matter if you’re a leader or a senior.”

Yang Seung-kwan asked back at my words.

“Then, is it okay if I’m not a leader or a senior?”

“Of course, Seungkwan. After listening carefully to what you said, it seems like there is someone you are thinking of. Please tell me right now. No matter who it is, I will take responsibility and include them in Seungkwan Yang’s project.”

Yang Seung-kwan’s eyes sparkled at my words.

“The two people we need most right now are you.”

“Who are you?”

“One of them is Lee Jong-seok, the CEO of KSH Holdings.”

It was an unexpected name.

“Let me ask you a favor. What about the other one?”

“Oh, and may I ask you one favor?”

Representative?

Yes, I am a representative, so I am neither a senior nor a leader. That is true.

‘Did that guy just ask the CEO to work on his project together?’

‘He’s crazy. There’s a crazy guy here.’

Everyone had that exact expression.

I thought there was only one person (the representative) crazy about cocoa, but a truly crazy person came in.

Yang Seung-kwan said calmly.

“Oh, I don’t mean to ask you to sit under me and work. I think you two are more experts than me, a freshman in society, in penetrating commercial banks and PGs. Can I ask you a favor, sir?”

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