Money Likes Me Too - Chapter 73



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Episode 73.

A chairman’s office has been set up.

“Are you going to finish it?”

“It cost over 100 million just to build the boardroom space. It would be stranger if it wasn’t finished.”

Representatives from Cocoa gathered in the boardroom and whispered. Their voices were small, but they could be heard.

I was proud.

It’s on the top floor of A1 Royal. Right next to it is KSH Holdings.

I firmly refused Han Jang-soo’s suggestion to continue using the existing office. I had money to spend, so I couldn’t do that.

It was a pity. If it weren’t for the interference of one representative, I would have spent twice as much.

“Hmm, ahem. Representative Han?”

There was a lot of discontent in his voice.

“Yes, Mr. Chairman.”

“Since everyone is here, you should say something. After all, among the representatives gathered here, aren’t you the most junior?”

Those words elicited a soft laugh.

“Hello, everyone. I am Jangseop Han, the new CEO of Cocoa Labs.”

Soon, a manager spoke. It was the first time he had said this at a CEO level meeting. There was applause and a few words of encouragement. The head of the control tower that oversees all of Cocoa had changed. Everyone was deeply congratulating him.

“······In the future, our cocoa will continue to run without change, following the leadership of our Chairman Kang Si-Hyeon.”

The only thing that changed was the title, though.

The next one to speak was Song Yu-hwa.

“The real reason I’ve brought you here is to announce Coco I&M’s new project that we’re going to be working on this year. I would really appreciate it if you could give me some sincere advice.”

Then, he brought up the story of Netflix, which recently entered the Korean market.

The explanation continued.

Netflix, which has already become the largest OTT service in North America, launched its service in Korea earlier this year after passing through the European and Japanese markets. It is still struggling, and Coco I&M has announced its vision to exclusively supply original content by signing an agreement as a media partner in the future.

“Netflix?”

The reaction was not as good as expected. Everyone had something to say.

“I also looked into it because there was a fuss on Twitter, but it doesn’t seem to be a proper service yet. There are a lot of errors in the subtitles.”

“That’s not all. They haven’t even set up a limited company yet. They’re just looking at the Korean market as a water bottle. If we just get involved in the services of a global conglomerate that’s going to withdraw after doing nothing, we’ll end up shouldering all the headaches.”

“It is a headache.” Han Jang-soo nodded vigorously.

I thought the same thing.

It was all to my liking, like the service was about to be withdrawn, or the whole headache was being shouldered. It made me even more determined.

“Next.”

The presentation wasn’t over yet. Song Yu-hwa turned the screen.

“This is the second mission. We will develop our own Cocoa OTT service like Netflix. We are planning to form a project team with the goal of launching a demo page within this year.”

Everyone’s eyes were filled with shock. The expression on the face of one representative who had heard my plan a while ago was the same.

You’re making OTT?

You just announced that you’re partnering with global OTT Netflix?

The story is the same as the story of Facebook partnering with Cyworld and buying Cyworld at the same time. It means that Amazon will help enter the Korean market with its commerce division and invest in Pangku.

In a word, it is a contradiction. That was what one representative said.

“Did I hear that wrong?”

The first to break the silence was Jang Tae-ryong, who was recently promoted to CEO of Cocoa Game Studio.

“no.”

Song Yu-hwa answered.

“It seems like a stretch to say that we will provide original content to Netflix while also creating our own OTT service. Even if we do something about it, won’t they say something?”

Other people thought the same thing. Song Yu-hwa answered.

“······I admit that.”

“Have you perhaps discovered a new method that I don’t know about?”

It was a sharp observation.

“I’ll answer that.”

I stepped forward for Song Yu-hwa, who was glancing in my direction instead of answering.

“There is definitely a way. We just haven’t found it yet.”

“······?”

‘That’s the same thing as saying there’s no way, Chairman,’ was what General Han had said.

Other people thought the same thing.

The more I do this, the more my heart hardens. The more I come out like this, the more my thoughts become firmer.

I said.

“I believe in the vision and ability of CEO Song Yu-hwa, who has grown Coco I&M so far. She will definitely find a way. Just like she has done so far. Isn’t that right, CEO Song?”

An awkward smile appeared on Song Yu-hwa’s lips. There was no answer.

‘You have to make sense for me to answer.’

I could read her thoughts, but I couldn’t help it.

Growth through trial and error?

Half right and half wrong.

There is only one thing I want. It is trial and error itself. I smiled inwardly as I watched the bewildered expressions of those who did not understand what I meant.

* * *

Song Yu-hwa returned to the office, stumbling.

‘Does that make sense?’

It’s absurd to create an OTT service, but it’s even more absurd to create it after forming a partnership with Netflix.

Even my younger sibling, who heard this story, consoled me by saying, “I didn’t know you worked so hard to earn money.”

“Are you here, Sister?”

When I entered the office, Jable was waiting for me. Only then did I remember that I had made an appointment for a consultation.

“Shall we go in?”

“yes.”

A friend was standing next to Jable.

“Hello. Sister Yuhwa, no, CEO Song Yuhwa. This is a friend named Jeong Bohyung who signed a contract a while ago. He’s a science commentary YouTuber. I told you yesterday, right?”

This is the friend I decided to consult with.

I got a call from Jable yesterday.

I have a colleague who said that he wanted to quit because his YouTube income wasn’t that good these days. He called and asked if he could go see the CEO and ask if he could come and get some advice if he was going to quit.

‘Well said, Blaya.’

‘Then I’ll go tomorrow.’

I don’t know how much Song Yu-hwa was heartbroken while answering the phone.

‘Yes, please bring him. You absolutely cannot miss him.’

During her time as CEO, she had never heard a single negative word from Kang Si-hyeon. There was only one thing that Kang Si-hyeon hated: losing creators.

Coming in was free, but leaving was not.

And today, I finally met him.

“Okay, Mr. Information?”

“yes.”

“Follow me, Blaya. You too.”

I headed to a quiet place.

“The first 1-2 minutes are very responsive.”

Information type, who had been mumbling inside, gradually regained his composure.

“But after that, there was a lot of talk, so there were too many viewers who skipped the show. Since they didn’t watch it all the way to the end, the unit price didn’t go up, so they didn’t make any money. I kept thinking that it was pointless to continue like this. I was just going to quit. If Blah Noona was going to do that, she said she should talk to the CEO······.”

“As I said before, you did a good job.”

“But there is no particular solution······.”

Song Yu-hwa cut him off.

“Let’s keep going for now.”

“yes?”

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“We can help you with your revenue loss. If you enroll in our creator curation program, we’ll cover your fixed costs for a year. We can also give you more upfront fees. If it’s about money, you don’t have to worry.”

It didn’t matter how much money was involved. I had to catch the person who was leaving. Information type answered, mumbling.

“But that’s shameful······. I’m fine······.”

“Okay.”

He said it bluntly.

‘You may be okay, but I’m not okay.’ That was Song Yu-hwa’s thought.

“And.”

Thinking that the issue was settled for now, Song Yu-hwa continued talking while looking over past data.

“Even if you use a nickname for your activities, you must write your real name on the contract. Judging from the fact that you wrote ‘infobro’ next to ‘information type,’ it seems like it’s a nickname.”

“It’s not a nickname.”

Information-type opened his mouth. Beside him, Jaybla covered his mouth. It looked like he was holding back laughter.

“That’s my name. Information type. That’s my real name.”

Song Yu-hwa returned to her seat.

‘This isn’t the time for me to be like this.’

My nose was three feet long. A big worry I had forgotten about came back.

We need to create our own OTT that does not overlap with Netflix’s business areas.

Does that make sense? The more I thought about it, the more there was no answer. It felt like I was stuck in a labyrinth.

“What’s going on, Blaga, all of a sudden?”

Asked from the side.

“I have concerns. Not that guy, but the guy who came next to me.”

“Oh, Mr. Bo-hyung? I saw you earlier.”

It was a little embarrassing. Everyone knew my name except me.

“Yeah. That guy.”

“I thought you should stop because your content doesn’t fit with the current YouTube trends, right?”

“I think so. I’m worried that if we stop like this, the chairman will be in trouble again.”

“Just catch it.”

He said calmly. Song Yu-hwa shook her head.

“My head hurts so bad. Don’t talk to me anymore because my work gives me a headache.”

“why?”

“Why, why? Because it’s the presentation you made.”

“Oh, OTT?”

The friend mumbled something and then blurted it out as if it were a passing remark.

“It would be better if you could create a platform where friends with similar interests can be active, rather than something like OTT.”

‘How good would that be?’ Song Yu-hwa replied to herself.

But wait a minute?

‘You won’t make any money by making a 1-2 minute video.’

‘It would be nice if there was a platform where people who can make impact with short videos could make money.’

Two sentences were jumbled together in my head.

Of course, if there is such a thing, there is no need to chase away the information type.

But there isn’t.

There is a term called a niche market. If you translate it, it means a niche market. Video platforms like YouTube already have a lot of competitors. Although not as many as YouTube, Naver and the three major telecommunications companies have one each.

‘There is still no place that deliberately only uploads short videos.’

An idea crossed my mind.

‘Eureka?’

A word came to mind.

My pride was too hurt to say it out loud. It was because I felt like I was losing to Kang Si-hyeon.

But there was no other way to express my current realization than with those words.

* * *

It was late evening.

“Then I will go first, Chairman.”

“No, you don’t have to come up here and say hello, Representative Han.”

The door opened and Han Jang-soo came in, said goodbye to me and left. He still thinks he’s the head of the strategic planning department. It’s so annoying.

“I will go too.”

“Oh, yes.”

This time it was CEO Lee Jong-seok. Now, we are neighbors.

“What about Vice Minister Lim?”

“Kyungjun is still working overtime because he has work to do. Why? Is there anything you want him to do?”

“No, no. I’m just going to get up and get things done.”

It was then. The door opened wide. It was Song Yu-hwa.

“Mr. Chairman.”

A piece of paper fluttered in his hand. Was there any reason to climb to the top at this late hour?

“Is there something urgent?”

Could it be that someone is quitting? he asked in a rather nervous voice.

“It’s not urgent.”

Her words were:

We started off by saying that it doesn’t make sense for us to provide Korean original content to Netflix while also launching a similar type of service.

“We already talked about that.”

“Listen until the end, Mr. Chairman.”

He held out a piece of paper. This is the alternative. He asked me to confirm it.

‘You can make it first and then report it.’

“So what’s the solution?”

“Have you seen it?”

“Yes, ‘Shorter Is Better.’ Is that the motto of the new service?”

I looked at the paper again.

In short, the idea was to create a new concept platform that aims for ‘short clip media content’ that encompasses both media consumers and producers.

“Short clip?”

It’s a word I’ve never seen before.

“YouTube also calls videos clips. Short clips are short videos. Just like YouTube, which has reorganized the traditional top-down media market into two-way channels and achieved great success, we are adding a new ecosystem to the long-clip-centric prosumer market. In this way, we can prevent our creator friends who are not suitable for the current ecosystem from leaving, while also targeting the global niche market.”

I thought.

‘There’s no way this will work.’

There’s no way. So it’s a good idea. Song Yu-hwa, who had been making money all this time, finally came to her senses.

“Look at that, Mr. Song.”

As I lived, a day came when I praised her.

“I told you, just do it. Let’s go right ahead. I’ll name it. How about ‘Ding Dong’? Cocoa Ding Dong.”

Lee Jong-suk thought.

‘Song Yu-hwa has finally been soaked in water.’

The new business strategy of Kang Si-hyeon that he has seen so far is only one: to push forward with an item that seems impossible and make it a success.

Other people tried to stop him, but Kang Si-hyeon pushed forward. With that, everything went smoothly.

But this time it was the opposite. Song Yu-hwa came first.

“CEO Lee Jong-seok?”

“yes?”

“What do you think? This. (Fucking) doesn’t seem like a good idea?”

Lee Jong-suk answered Kang Si-hyeon’s question.

“It seems so, Mr. Chairman.”

He shook his head repeatedly. His words and actions were contradictory.

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