The 3th Generation of the Chaebol Wants to Live Quietly - Chapter 1110



Only Noblemtl

1110

This was important.

If things continue like this, even the lush corporation of Kaderaman will become Flims.

However, Director Choi Min-hyeok forced Planning Director Han Byeong-su to make a choice.

“Well, it’s a tacit understanding that KM electronics will go with LC electronics. I’ll believe that.”

It was as if they were saying that if they didn’t buy shares, they wouldn’t go together.

Planning Director Han Byeong-su could not help but know why Director Choi Min-hyeok was acting that way.

‘Because the start is important. If you sell a 1% stake for 200 million dollars, other large companies won’t be able to ignore it. Furthermore, it doesn’t seem like Director Choi Min-hyeok is in a hurry for the Plims business right now.’

It was only then that he realized why Director Choi Min-hyeok had visited today.

Actually, the timing wasn’t bad.

No, on the contrary, it was good.

LC Electronics was currently losing its mind due to the CDMA terminal incident.

LC Group headquarters also announced that they would be looking into the value of the CDMA terminal market and make astronomical investments over a 10-year period.

‘but…….’

The important thing is that nothing has been decided yet for the new Plims corporation.

Still, I couldn’t ask Director Choi Min-hyeok about that.

“… We will review it internally.”

Only then did Director Choi Min-hyeok smile brightly.

“Good. I think the LC Group will always maintain a good relationship with us. In fact, they are also working on IPS-LCD technology, right? Hahaha.”

It was Director Choi Min-hyeok who was smiling alone.

The LC Electronics executives and employees who followed him were all busy pounding the abacus with stern faces.

KM Electronics executives and staff, including Team Leader Jo Seong-don, stared blankly at Director Choi Min-hyeok’s stubbornness.

I never imagined that in a place with so many people gathered together, they would openly pressure LC Electronics.

What really surprised him was that no one among LC Electronics executives and employees raised an objection.

Even Director Kwon Hyuk-soo of the Research Institute was expressing gratitude for Director Choi Min-hyeok’s suggestion.

‘…amazing.’

* * *

Planning Director Han Byeong-su clenched his teeth as he watched Director Choi Min-hyeok’s vehicle leave.

He glared at Research Institute Director Kwon Hyuk-soo.

“I guess the director has no pride.”

Research Director Kwon Hyuk-soo avoided the gaze of Planning Director Han Byeong-soo.

“I did my best for the company.”

“Is that really the best you can do?”

“Because there is no other alternative. Have you checked the status of the Plims patent?”

“It’s not like we’ve confirmed it yet. The Plims patent isn’t even fully confirmed yet.”

He shook his head slightly.

“If it were that easy, Japan and Europe would not have bothered to send people to the Flims standards meeting. They do it because they have to.”

To be exact, Director Choi Min-hyeok’s Plims standard was the most realistic and reasonable.

The numbers scattered throughout the technology looked as if they had been studied over many years.

In the end, they too had to attend the standards meeting led by Director Choi Min-hyeok to learn at least one more thing.

That way, they too can complete their own standards based on this.

But even doing this wasn’t easy.

Director Choi Min-hyeok’s research team continued to develop the Plims technology.

The same goes for patents.

Director Kwon Hyuk-soo knew this better than anyone else.

“Director Minhyeok Choi’s Plims technology is more difficult to handle. So, other countries’ research teams should also work based on Director Minhyeok Choi’s technology.”

However, Director Choi Min-hyeok’s research team had already done advance study and additional study in advance and was conducting research. They had no choice but to be faster than other competitors.

The recently released KM Electronics Plims patent came out like this.

“… Is that it? I heard that the Japanese government is pushing for this in retaliation against Director Choi Min-hyeok. There are also rumors that Japanese technology is developing quite rapidly.”

“That’s true. But it’s too late. Technically, Director Choi Min-hyeok is already more than ten years ahead.”

“but…….”

Research Director Kwon Hyuk-soo mentioned reality again with a shameless face.

“Look at the current CDMA situation. I mean, Korea Telecom. Korea Telecom is currently in the midst of a bloody fight between the management and the labor union over the establishment of a PCS subsidiary.”

In fact, the management of Korea Telecom was opposed to the establishment of a subsidiary.

They cited poor management as the reason.

However, the union argued that creating a subsidiary and operating it independently would be more competitive in the PCS terminal market.

They had no interest in PCS terminals at the beginning of the year.

Then, when the number of subscribers suddenly skyrocketed and the terminal business started to become profitable, they hurriedly jumped in and started internal gunfire.

“… At first, it won’t be much different from the Plims situation. It’s like it is now. So now might be an opportunity. $200 million? A 5% stake is $1 billion. It’s astronomical money, but it’s not. Considering the profits from Plims.”

Director Choi Min-hyeok’s Plims was not just Plims.

Since it combines AI and animation technology, the scope of application is enormous.

“HY Automobile has already started autonomous driving technology by signing an MOU with KMBOOK. Plims technology will be applied here as well!”

Plims is an information superhighway. If it were combined with a vehicle platform from the beginning, the synergy would be enormous.

Director Kwon Hyuk-soo had long since forgotten the embarrassing incident he had committed.

“$200 million is a real bargain. This is the best opportunity. Director Choi Min-hyeok must have made that decision because the sales haven’t been revealed yet.”

The logic was that $200 million was cheap for a 1% stake in a company that only had patents and a technology platform.

It was an assessment that no other startup in Silicon Valley could demonstrate.

But it was difficult to evaluate it so simply.

This is because Director Choi Min-hyeok’s Plims technology is based on various original sources such as existing CDMA patents, MP3, MPEG-2, ATSC, and K-2S.

As Director Choi Min-hyeok said as an excuse, there was no reason to receive investment from Plims.

Unless it’s people like Congressman John Smith.

“… … .”

Planning Director Han Byeong-su was shocked, but he could not possibly criticize Research Director Kwon Hyuk-soo.

He clicked his tongue when he saw Chief Lim Myeong-jin standing there in silence.

Although Director Lim Myeong-jin is a realistic person, he did not express any opinions.

He just frowns a lot.

No, he was just looking at the Plims report he had brought just in case.

Of course, while listening to what Director Kwon Hyuk-soo has to say.

“Manager Lim, do you have anything to say?”

“… … .”

Director Im Myeong-soo was unable to respond because he was engrossed in the report.

But he came to his senses at the sound of repetition.

“Huh? Oh, sorry.”

“What on earth are you thinking? What do you think of Director Choi Min-hyeok’s proposal?”

“…Honestly, I don’t know.”

Director Lim Myeong-jin expressed his opinion politely as he was in a place with many people present.

“No, what are you talking about?”

“I think we need to review it first. However, as Director Kwon Hyuk-soo said, Plims technology should be viewed differently from other technologies. Since the commercialization of the animation platform has already been successfully carried out, we need to look at related technologies as well.”

“Does that really mean anything?”

“The next generation of products coming out from Apple will be based on the Any platform. Ultimately, it will have to be linked with Plims technology. If that happens… … .”

“under.”

Only then did Planning Director Han Byeong-su finally let out a sigh. However, he was also embarrassed because he only had the story of the carder.

‘Will the old farts accept this offer?’

It was a problem even if it wasn’t accepted.

Because Director Choi Min-hyeok will get angry.

* * *

Contrary to the concerns of Planning Director Han Byeong-su, no one in the LC Group laughed at Director Choi Min-hyeok’s proposal.

They were more focused on understanding Director Choi Min-hyeok’s Plims technology than anything else.

The reason was simpler than expected.

It was because of the big deal that was being talked about between the Oseong Group and the HY Group.

There was a lot of talk that Chairman Ahn Geon-min was surprisingly going to sell the Oseong automobile business.

The reason is that KM Electronics secured $6 billion in funds to acquire Collins’ business.

In this situation, the LC Group could not ignore Director Choi Min-hyeok’s proposal.

Strictly speaking, this entire situation was caused by Director Choi Min-hyeok.

The LC group naturally leaked information while considering this agenda.

I was wondering if other large companies might be interested.

However, other large companies were hesitant to invest in Plims due to its outrageous stock value.

However, he did not harshly criticize Director Choi Min-hyeok like before.

[As expected from Director Choi Min-hyeok.]

That’s because he made a whopping $25 billion with a 12% stake in the failing Apple.

Instead, the rumor spread like wildfire.

It was exactly the picture that Director Choi Min-hyeok wanted.

Because Director Choi Min-hyeok so blatantly pressured Director Han Byeong-su, there was no need to spread the news about the new corporation Plims.

Those who were present at the event also could not stand the humiliation and spread this fact at the drinking party.

This news reached the ears of reporters who were already interested in this visit.

What happens next is surprising.

They did not criticize Director Choi Min-hyeok’s unilateral coercion.

[Is Director Minhyeok Choi establishing Plims based on next-generation mobile communication technology?]

Thanks to this, negative public opinion about Director Choi Min-hyeok has completely disappeared.

Director Choi Min-hyeok did not look into the noisy situation following the news of the establishment of this Plims corporation.

He had to deal with the processing work for the Han-Young Daily that he originally wanted to do.

Team leader Jo Seong-don was still worried.

“How about thinking about it again? After the news about Plims Corporation, Director Choi Min-hyeok’s image has also improved a lot.”

“is it so?”

“Yes. Right now, users are having a hard time because of defects in CDMA terminals, but the next-generation technology, Plims terminals, are already being talked about.”

That’s actually the case.

It was only after the news of the establishment of the new corporation Plims came out that the number of people who knew what Director Choi Min-hyeok was doing increased significantly.

They too were astonished.

It was truly a bolt from the blue.

In the end, the Han-Young Daily has stopped its series of articles it had been running.

This is because angry fans of Director Choi Min-hyeok directly attacked the Han-Young Daily by phone.

Even the boycott of the Han-Young Daily.

The aftermath was scarier than I thought.

This is because the number of advertisement interruptions in Han-Young Ilbo is still increasing.

“… Didn’t you decide to just watch the Han-Young Daily for now?”

“That’s right. But I don’t think there will be an answer if we continue to do this passively.”

“No matter what, if you touch the media… … .”

“No. I feel that watching Senior Vice President Kim Hyun-woo’s actions, I don’t think our Vice President Choi Moon-kyung will take any risks. We need to wrap up the Han-Young Daily before Steven’s keynote speech.”

“No, aren’t you already preparing the materials? We’ve even collected enough transcripts.”

However, Director Choi Min-hyeok shook his head as he recalled memories from his past life.

“That would backfire. They can just keep spamming it with fake news. Even if they go to court, it would take years, but it would be covered up in six months.”

“That’s true, but.”

“I think it would be better to just bury it using public opinion.”

“But even without that, the Han-Young Daily is currently attacking us because of our advertisements. If we touch the media, we may only give them an excuse to counterattack.”

Director Choi Min-hyeok knew better than anyone the leech-like tyranny of the media, from memories of his past life.

“That’s right. It would be a problem if you tried to touch it directly. In that case, I think it would be better to use a third party. How about using President Choi Du-jin?”

“Huh? Are you talking about CEO Choi Du-jin?”

“Isn’t he originally a famous private moneylender? I know he had a bad reputation in the past. However, he made a lot of money by purchasing shares in companies with the profits. Our KM Group shares are a prime example.”

“Wait a minute, are you thinking of using the Han-Young Ilbo shares held by CEO Choi Du-jin?”