The 3th Generation of the Chaebol Wants to Live Quietly - Chapter 1138



Only Noblemtl

1138.

There’s no way negotiations with Sizbel will go well.

It’s not just for a day or two that Shizbel has been overbearing.

It was no different even if Director Choi Min-hyeok was the owner of Sizbell.

From the beginning, Director Choi Min-hyeok had planned to use Sizbel as a hunting dog.

Because you can’t tell a hunting dog to stop barking.

I used Sizbell as a bad cop.

That’s one reason why KM Electronics’ patent royalties are astronomical.

The royalties couldn’t have just come in on their own.

But it was said that if you have intelligence, you can move heaven.

However, Director Choi Min-hyeok expressed a different opinion.

[Curning Glass? IPS-LCD?]

There was so much talk about IPS-LCD that I couldn’t help but know about it.

Because LC Electronics and Oseong Electronics succeeded in mass production.

However, there was a lot of talk about the defect rate.

Although both companies were confident in their quality, they were still not well received in the field.

This is the reason why Director Choi Min-hyeok chose LC Electronics and Oseong Electronics as OEM companies.

With current manufacturing technology, this kind of problem is bound to arise.

In the end, it was difficult to avoid a deficit for the time being.

In fact, it was a natural thing to do since it was a product that had been out for only a short time.

But I didn’t know much about cheating glasses.

Chief Ahn Moon-won did not ignore Director Choi Min-hyeok’s suggestion.

He had his staff review two items.

But the results were surprising.

Scratch-proof glass.

IPS-LCD without any pressure.

Combining the two creates a touch-enabled product.

We have already developed the controller under the direction of Director Choi Min-hyeok from Keuning.

However, I was skeptical about its commercial viability because the unit price was a bit expensive.

However, the in-house executives and employees’ evaluations of the sample were different.

He expressed that he would buy it even if it was expensive.

Director Ahn Moon-won eventually requested financial support from the group and began mass production and factory expansion.

***

The first mass-produced product has finally arrived.

“How is it?”

Director Choi Min-hyeok was forced to come because of Director Ahn Moon-won’s persistent invitation, but he didn’t feel bad about it. He was also gradually suggesting ideas to Director Ahn Moon-won to introduce IPS-LCD and touch technologies to the market.

An MP3 player that could operate all functions with a cross-section of the glass was a completely different class from existing MP3 players.

The size is a bit small though.

No, that made it better.

‘With this size, the yield problem will be solved to some extent.’

“… Good.”

Team leader Jo Seong-don, who accompanied us, didn’t look too happy. KM Electronics is also developing an MP3 player. This one seemed a little better than that.

No, it seemed significantly better.

Director Choi Min-hyeok snickered. Everything was good, but the OS, no, the firmware level was bad. There was a big screen, but I couldn’t use it.

He knew that although this seemed simple, it was actually a huge inconvenience to customers.

“Don’t worry too much. The key is software.”

“But isn’t that giving too much weight to your competitors?”

“Is that really so? Don’t just look at the small market. Eventually, this product will be exported, and the profits will grow exponentially anyway.”

“Are you really saying that after using our MP3 player? Look around you. The development environment or the application. I think there are quite a few companies developing applications these days.”

To be exact, it is a program later called an app.

Director Choi Min-hyeok didn’t necessarily say that.

Because the MP3 player environment doesn’t support it yet.

So I was chasing ARN.

But it was also a challenging task for ARN.

However, since it was something that Director Choi Min-hyeok instructed, I followed it unconditionally.

It wasn’t because Director Choi Min-hyeok was the major shareholder.

This was because his business acumen was widely known as the best in the world.

But Team Leader Jo Seong-don couldn’t see that future. How it would grow.

“That’s a bit… … .”

“If you don’t understand, just memorize it. Brainwash yourself into thinking it’s that way.”

“… … .”

embrace.

KM Electronics employees have been complaining a lot lately. They are not complaining about the company’s welfare. On the contrary, they are complaining about the lack of work.

What’s absurd is that even though they don’t work, the company’s profits skyrocket.

This has actually become a source of anxiety.

He didn’t point that out here.

In fact, there were people from Sehan Group who expressed their admiration for the first mass-produced product.

Because it was different from existing MP3 players, it seemed like it would be good for entering overseas markets rather than just the domestic market.

Chief Ahn Moon-won expressed confidence.

“It’s all thanks to Director Choi Min-hyeok’s help. If he hadn’t, I don’t know what would have happened… … .”

Originally, Sehan Information’s human resources would have been sent out to create other products.

But things didn’t turn out that way.

Thanks to the leadership of Chief Ahn Moon-won, the existing personnel remained intact.

‘Has history changed here too?’

Director Choi Min-hyeok glanced at the researchers as he looked around the MP3 player mass production facilities. They all looked at him with eyes filled with wonder.

He shook hands with Lee Yang-gu, the chief of staff at the center of this work.

“Congratulations. This is a real deal.”

“It’s all thanks to Director Choi Min-hyeok.”

“How could that be? I only get cursed at because of royalties?”

“I think differently. If foreign companies had received royalties, they would have exploited them even more. However, Director Choi Min-hyeok only received realistic royalties. That is better.”

“Is that so?”

It is true that Director Choi Min-hyeok received a reasonable amount of royalties. If he had only done that, the royalties would have been unsustainable.

He also interviewed Kang Min-cheol, a researcher and deputy director.

He too was a rising star in MP3 player history in his previous life.

But now it was different.

Because I’m just a salaried worker with little information.

However, they also received stocks.

Director Choi Min-hyeok was the center of attention thanks to that.

He felt that way a lot while touring Sehan Information’s expanded factory.

‘Are they happy?’

I don’t know.

In fact, for now, I will maintain a stable life.

Even if the IMF comes, because most of the MP3 players produced by Sehan Information were for export, not domestic use.

While receiving information on the expansion of Sehan Information’s factory, Director Choi Min-hyeok heard other news related to Senior Vice President Kim Hyeon-woo from Manager Kim Myeong-jun.

He wasn’t that surprised, because one by one, things he had suspected were revealed.

‘Lee Ho-jun, the planning director of Hanboo Group. Pushing for a special pardon for Executive Director Choi Hoon-yeol. Slower than expected. No, perhaps because the situation is not good.’

***

The public’s gaze toward the Hanbok Group was incomparable to that of the past.

As the term of office of the regime wore on, the story of Kadera continued to flow out.

Even though Director Choi Min-hyeok was aware of this situation, he did not want to touch the Hanbu Group.

Team leader Jo Seong-don found that questionable.

“There is a company that Director Choi is keeping an eye on.”

“You say that when you know so well?”

“Are you saying that the real power in the government is involved in the issuance of convertible bonds?”

“yes.”

“But that’s just a rumor. There’s no official word from the bank or insurance company.”

Director Choi Min-hyeok glared at Team Leader Jo Seong-don.

“You call that talking?”

“That’s not it.”

“Convertible bonds are nothing more than scraps of paper if Hanbo Steel goes bankrupt. Unless the bank is a idiot, there is no way anyone would buy Hanbo’s convertible bonds.”

“But it’s not like I’m going to die… … .”

“That hemp is hemp. The pillars are shaking and the house is about to collapse. Do you think you can handle it? So we should keep our distance. I’ll say it again, it’s a rule. Don’t touch the Hanbu Group even a single hair!!”

“…yes.”

Team Leader Jo Seong-don didn’t say anything else, keeping an eye on Director Choi Min-hyeok’s expression.

This is because Director Choi Min-hyeok is keeping his distance from the Hanbu Group.

It was a Hanbu group that almost became entangled with Chief Choi Young-ran through marriage.

Director Choi Min-hyeok only kept track of Senior Vice President Kim Hyeon-woo’s movements, the Oseong Group, and the HY Group. He didn’t pay much attention to their tricks.

“Just leave it alone.”

“However, Chairman Ahn Geon-min has already formalized the acquisition of the Collins division.”

“That’s Chairman Ahn Geon-min’s position. The working-level staff think differently.”

“But Director Choi himself… … .”

“No. That’s not that urgent. The purpose was to put a leash on the two groups in the first place. It would be better if time slowed down. By the way, how is the situation with Sehan Information? The situation with similar mid-sized companies?”

Team leader Jo Seong-don clicked his tongue at the HY Group’s situation, which was slyly turning a blind eye to reality. It was regrettable that a whopping 6 billion dollars was involved.

However, Director Choi Min-hyeok did not seem to be obsessed with the money.

“There is currently a similar product called Rio developed by Diamond Corporation in the United States. It is difficult to call it competition because the market demand is so overwhelming. Since the two have synergy with each other, they will rather play a role in expanding the market.”

Oh, of course, Diamond also pays royalties to KM Electronics.

In fact, the MP3 players produced by these companies are inferior to KM Electronics’ MP3 players in terms of quality.

In particular, the comparison of OS competitiveness was unparalleled.

Among the conditions requested by Chief Ahn Moon-won is this very own OS.

However, Director Choi Min-hyeok could not release this technology. The engine that will be installed in the next smartphone OS will be used as is.

“So, our priority is to come up with a more competitive product. How is your own OS development going?”

“We are currently developing it by sharing the CDMA, Plims, and Any platforms. However, since each platform is still in the development stage, integration has not been achieved.”

“You’re probably focusing on the MP3 player OS. But that doesn’t mean you should neglect portability, compatibility, and application development platforms.”

“…yes.”

Team Leader Jo Seong-don could not say that the personnel expenses were being depleted because many people were being added to this department. This was because the personnel expenses were not a burden to Choi Min-hyeok.

Director Choi Min-hyeok confirmed that point.

“You said that royalty revenue exceeded $1.5 billion?”

“It is expected to exceed 2 billion dollars by the end of this year.”

“It’s going smoothly.”

Yeah, it was cruising.

No matter what Senior Vice President Kim Hyeon-woo did, or what the Hanbu Group did strangely, Choi Min-hyeok’s fleet was doing calmly and well.

However, Team Leader Jo Seong-don was worried about Director Choi Min-hyeok, who only seemed to give to others.

‘Other employees don’t understand Director Choi Min-hyeok’s management philosophy. That’s the problem… … .’

***

Senior Vice President Kim Hyeon-woo went around here and there and tried various things.

The pardon of Executive Director Choi Hoon-yeol was a success in that regard.

But more time was needed.

He met with the KM Electronics union, which could be the Achilles heel of Director Choi Min-hyeok.

The union chairman he knew, Deputy Director Koo Jun-mo, was as patient as he was.

Because it’s still holding up well so far.

However, when we met again, Vice President Gu Jun-mo’s expression was not good.

“…What’s going on?”

“Something bad happens.”

“Bad things happen here and there.”

It’s because of the sale of the Collins division.

Although the schedule has been delayed due to acquisition funding issues, discussions are underway among the working-level staff.

That’s why the Oseong Electronics fact-finding team comes every day to interview employees.

Vice Minister Koo Jun-mo couldn’t help but feel embarrassed. It wasn’t easy for him to step forward and lead the strike.

In fact, from the perspective of KM Electronics employees, it was not a bad choice whether it was KM Electronics or Oseong Electronics.

Even salaries increase by nearly two times on average.

Oseong Electronics promised to continue hiring.

To be exact, it is not a promise, but rather the original person must be selected.

Since KM Electronics staff had already been verified, it was a much better choice to use them as is.

A human resources expert within the fact-finding team openly leaked this story.

Even if Vice Chairman Koo Jun-mo alone, no, mobilizing several union members, it would not work.

Senior Vice President Kim Hyun-woo frowned. It was a bad start.

‘Could it be that Director Choi Min-hyeok also interfered with the labor union?’

Even if that were true, it would not have been easy for a strong union to join hands with management.