The 3th Generation of the Chaebol Wants to Live Quietly - Chapter 1104



Only Noblemtl

1104

Vice President Choi Moon-kyung stuck out her tongue as she read the reply sent by Dr. Kim Moon-ho.

‘What a small-minded person.’

I once again recalled the evaluation that Director Park Jae-ho gave.

Even he found it hard to believe.

No, to be exact, it’s because of Director Choi Min-hyeok.

No one can ignore the leadership demonstrated by Director Choi Min-hyeok at the ETRI lecture show.

Even if Dr. Kim Moon-ho has other thoughts.

He eventually returned to the Salomon Brothers Korea branch.

Surprisingly, Director Derek Morgan wasn’t too surprised.

In fact, Dr. Kim Moon-ho’s reaction was rather reasonable.

Right now, Director Choi Min-hyeok is on board an F15 fighter jet.

It was natural to feel fear towards Director Choi Min-hyeok.

In the end, they decided that in order to get things done, they had to take the lead and create the environment.

However, it was not possible to determine what it was at this point.

“… It’s really not easy.”

Director Dennis Salomon made a comment.

“Certainly at this point, they won’t just take our word for it. We don’t have anything to show right now.”

“yes.”

Even Director Derek Morgan couldn’t push through with his own personality.

He also obediently agreed. It would be easy to shake things up inside ETRI, because Dr. Kim Moon-ho is not an idiot.

It’s absurd, but in the field of plims, Korea is unrivaled not only domestically but also worldwide.

I wondered if Korean technology could do this.

“It seems like it turned out as many people were worried about.”

“Are you talking about the part where Director Choi Min-hyeok pointed out the danger?”

“Because that’s what’s happening now. Until now, the U.S. has been unrivaled in other technologies, but in the field of Plims, we have to give up our position as the leader.”

“… I feel like it’s too late.”

“They have come to realize that reality. So they can reject the carrot we offer them.”

So, it wasn’t easy to convince them even if they sold the name of the US government.

He realized anew how serious this matter was.

After much deliberation, the person who finally came to mind was Congressman John Smith.

“Wouldn’t it be difficult for Representative John Smith? He’s the one who declared Chief of Staff Choi Min-hyeok the most dangerous person in America? Isn’t there an alternative?”

“well.”

Director Dennis Salomon remained negative but did not dispute the claims.

Because it was one of the realistic means of keeping Director Choi Min-hyeok in check.

“However, the Clinton camp will have to pay a lot of attention because of the re-election. If I were Chief Choi Min-hyeok, I would use the Clinton camp.”

“… That must be true. No, now that I think about it, Director Choi Min-hyeok’s activities in the United States are related to this matter. I think he must have taken action in advance. But for now, I have no choice but to use Congressman John Smith. He’s one of the people who hates Director Choi Min-hyeok the most.”

“… That’s right.”

There was no disagreement.

Now, I had to do something about it.

After the hearing, we had to call in Director Choi Min-hyeok and persecute him or do something.

Otherwise, another Dr. Kim Moon-ho will emerge.

No, as time goes by, everyone will trust Director Choi Min-hyeok more.

Now, I could no longer just sit by and watch what the Han-Young Daily was doing.

“… By the way, what is the atmosphere like at Han-Young Ilbo these days?”

Director Dennis Salomon sighed.

“Recently, the intensity of the articles on Director Choi Min-hyeok has been greatly reduced. It seems that they are compromising due to the sharp decline in advertising revenue.”

“This isn’t the Korean media I know.”

“There is no alternative to money. The problem that has arisen since HY Group withdrew from advertising is the powerless companies. They also have to look to the big companies.”

In fact, this was a more serious problem for the Han-Young Daily.

Although the Hanbu group tried hard to help, it was difficult to stop the dam from collapsing.

“Because the Han-Young Ilbo management team is about to be replaced. Vice President Lee Dong-soo of Han-Young Ilbo has been working like crazy, but it seems he has finally reached his limit.”

“It’s a disappointing result. Well, then, there’s nothing we can do. I’ll have to meet with Congressman John Smith first.”

“… … .”

There was no answer.

Director Dennis Salomon also knew that it was realistically difficult, but he did not point it out. He was about to suggest that it would be better to compromise with Director Choi Min-hyeok, but ended up clicking his tongue at the cold gaze of Director Derek Morgan.

‘I don’t know anymore.’

* * *

Director Derek Morgan was forced to board a plane back to the United States.

As soon as he arrived in Washington, D.C., he went to see Congressman John Smith in the Capitol.

Rep. John Smith also did not decline a meeting with Director Derek Morgan.

“Actually, it’s because of Director Choi Min-hyeok.”

“… … .”

Congressman John Smith also had nothing special to say about the mention of ‘Director Choi Min-hyeok.’

This is because he has spent his days worrying about Director Choi Min-hyeok rather than his legislative activities.

Every day begins with Director Choi Min-hyeok and ends with Director Choi Min-hyeok.

He felt his limitations even though he was a member of the U.S. House of Representatives.

So I just kept silent about what the other person was saying.

On the one hand, it reminded me that Director Derek Morgan is no pushover either.

“What exactly is going on?”

“It’s because of the next-generation mobile communications standards.”

“ha.”

Congressman John Smith took a deep breath and held his forehead with his right hand.

In all his years of work, this was the first time he had encountered someone like Director Choi Min-hyeok.

No matter what method he used, it didn’t work on Director Choi Min-hyeok.

Whenever he was engaged in parliamentary activities, even his familiar fellow lawmakers would not listen to him.

The reason was simple.

It’s because of that guy’s money.

Quite a few of them invested in Director Choi Min-hyeok.

The 720 fund was it.

No, actually that wasn’t all.

There was also quite a bit of real estate and stocks.

The force leading this is Belin Investment, whose owner is CEO Minhyeok Choi.

In the process, Belin Investments made huge profits by taking on the US Senate and House of Representatives.

It was like bank interest that gave these members of parliament a profit.

It was a perfectly legal transaction.

So much so that even the IRS doesn’t have to worry about it.

In fact, I paid taxes to the IRS as per FM.

The lawmakers who heard the news late invested additionally in Director Choi Min-hyeok’s fund.

Director Choi Min-hyeok also recently accepted the investment, ignoring some of his investment principles, because of Rep. John Smith.

[However, there is a condition. It would be bad if you got too close to Rep. John Smith. If you ignore this condition, I will not accept any investment in the future. This includes not only the person concerned, but also his family and the company.]

The threat was stronger than expected.

Congressman John Smith warned that although Chief Minhyuk Choi is pressuring you in this way now, if time passes and he gains more power, you will all become slaves to Chief Minhyuk Choi.

[Director Choi Min-hyeok does not have any influence in American politics right now. But in about 10 years, the situation will change.]

But not many people paid attention to what he said.

Investment profits were typically in the millions of dollars, often over ten million dollars, and occasionally over twenty million dollars.

No matter how much political loyalty there was, it was nothing more than a piece of paper in front of twenty million dollars.

Congressman John Smith was embarrassed because his original legislative activities were also hindered.

The surprising thing is that Director Choi Min-hyeok did not stop there.

He hinted to them about his stake in an unlisted company of which he was the owner.

For example, Google or KMBOOK stocks.

[There is no need to mention the value of Google or KMBOOK. The core technology they possess is already more than a generation ahead!]

Director Choi Min-hyeok’s cleverness was also revealed here.

Director Choi Min-hyeok said that the company’s stake may be sold.

But I didn’t give my consent either.

‘If you oppose me, give up your stake!’ That was what it meant.

Director Derek Morgan was not unaware of this. In fact, he used the same method. However, he was surprised that his speculation became reality when he spoke to Representative John Smith.

“… Are you really going to let Director Choi Min-hyeok continue like this? If things continue like this, Director Choi Min-hyeok will suck the backbone of our U.S. government using the next-generation mobile communications straw.”

Congressman John Smith has also been keeping an eye on Director Choi Min-hyeok’s influence these days.

“It’s not at the point where we need to worry that much yet… … .”

However, Director Derek Morgan slyly handed over the data on mobile communication standards development by Director Choi Min-hyeok that he had recently investigated.

This material differed significantly from what had previously been reported in the media.

“… Has it already come to this? The number of CDMA users is just starting to catch its breath… … .”

Director Derek Morgan also sighed.

“Didn’t everyone have a lot to say about the trial and error during the development of CDMA? The next generation of mobile communications has a strong will to improve on these trial and errors. The situation is bound to be different from that of CDMA.”

Many problems have arisen because existing mobile communication technologies have been led by private companies.

Because the technical standards were different, there were many problems when integrating them.

“Director Choi Min-hyeok cleverly took advantage of the will to reduce such trial and error. It’s a vicious but effective method.”

“But Director Choi Min-hyeok decided to disclose the patent… … .”

He slipped out another document.

“That’s the standard so far. But that’s not the case with the technologies that come out later. As the next-generation communication technology standards are gradually established, the number of patents that are created is 10 times greater than the number of existing patents.”

If two people don’t know this, the value of the technology patent is higher.

Director Choi Min-hyeok said that the technology that was ostensibly free was not strictly free.

Even if that patent was free, other patents that crossed it were paid.

What’s interesting is that the price of this patent royalty is not cheap.

Of course, those patents have been pouring out recently.

He showed some of the materials related to Director Choi Min-hyeok’s lecture show.

“These security-related patents are particularly problematic. These patents are essential for satellite technology. Director Choi Min-hyeok suddenly started to issue these patents. But no one is aware of this fact at present.”

“… No, now I get it.”

“It’s too late. It’s like this now, what will happen in a few months?”

“Okay, I understand. I’ll look into it again.”

“thank you.”

Congressman John Smith couldn’t help but stiffen his face as he looked at the data. He had also recently been informed that Chief of Staff Choi Min-hyeok was doing something different in Korea because he was conscious of American public opinion.

‘I can’t believe I was cracking open such a huge pumpkin seed.’

* * *

Director Choi Min-hyeok assigned separate personnel to watch out for people in Korea and received real-time reports on them. However, he did not receive immediate reports on people in the United States.

However, Director Choi Min-hyeok was separately briefed on the movements of Rep. John Smith, who had marked him as a person of interest.

Because Congressman John Smith is the person in the world who has branded himself the most dangerous to American interests.

So, I couldn’t help but know the moves of Director Derek Morgan as well.

“… Are you saying that you will hold a hearing?”

Team leader Jo Seong-don also had an awkward expression.

“That’s not certain, but a hearing is also a possibility.”

As Rep. John Smith continued to talk about the dangers of Chief Minhyuk Choi, those with some insight were worried about Chief Minhyuk Choi.

The hearing story was a given.

“Is it because of the monopoly on Plims technology?”

“Plims is still in progress, so I won’t comment on it. However, MP3, MPEG-2, and ATSC technologies are problematic.”

In particular, MPEG-2 was very different from MP3.

Director Choi Min-hyeok said, “If we are to be honest, we cannot say that we have a technology monopoly because we obtained the technology from a Japanese company.”

But ultimately, the situation was such that technological monopoly became a problem.

When Director Lim Ki-seok was suddenly called in and heard the story about the technology monopoly, at first he thought it was some random talk, but soon he sighed.

“… Ah, after Director Choi Min-hyeok started working, the patent team continued to purchase additional patents. That was a bit excessive, though… … .”

Manager Im Gi-seok returned to the office late and brought back a file.