The 3th Generation of the Chaebol Wants to Live Quietly - Chapter 1144



Only Noblemtl

1144.

He told Vice President Choi Moon-kyung that he would handle it and passed it on to her for now.

But this wasn’t something that could just be overlooked.

Although it is a conspiracy theory, it is said that Director Choi Min-hyeok is behind the restructuring of KM Group.

‘No way.’

Although it was a bit absurd, I couldn’t ignore the rumor.

However, it was difficult to believe it considering what Vice Chairman Choi Moon-kyung had done so far.

He eventually asked Director Jang Seung-il to give instructions.

“Look into Vice President Choi Moon-kyung’s recent activities. You never know what he might do.”

“…All right.”

***

Director Jang Seung-il didn’t go far. He checked the movements of Senior Vice President Kim Hyeon-woo.

Fortunately, Senior Vice President Kim Hyeon-woo did not bother to hide his actions.

Rather, Vice President Choi Moon-kyung was a burden.

“…Do you really have to keep coming here and making things difficult for me?”

“I don’t want to be thrown around like before. This time, I’m definitely the one who did it.”

Vice Chairman Choi Moon-kyung looked around. Among the employees, there were some who tilted their heads at Senior Manager Kim Hyeon-woo.

However, they did not immediately recognize Senior Vice President Kim Hyeon-woo.

Because I lost too much weight.

I lost more belly fat than I thought because I suffered so much from Director Choi Min-hyeok.

His face was also thin.

He looked like an old man who didn’t have much time left to live.

However, the gaze was even more intense.

Senior Vice President Kim Hyeon-woo visited Vice President Choi Moon-kyung with a desperate resolve.

Vice President Choi Moon-kyung worried about what others thought, but soon shook it off.

As he got into the waiting vehicle, he looked at Senior Vice President Kim Hyeon-woo, who was sitting next to him, and stuck out his tongue.

“…What does this mean?”

“I am here to provide investment advice on behalf of the Korean branch of Salomon Brothers.”

He looked at Senior Vice President Kim Hyeon-woo as he started the car with no choice.

It’s a little late now.

Because everyone knows that they met with Senior Vice President Kim Hyeon-woo.

Of course, that was Senior Vice President Kim Hyeon-woo’s intention.

But on the other hand, he didn’t think badly of it.

“… Will what I’m doing now go well?”

“Director Minhyuk Choi is a man worth 25 billion dollars, so you can’t mess with money. In the end, you have no choice but to appeal to emotions, and the KM Group restructuring issue is a good alternative. After all, the final decision maker on this matter is Director Minhyuk Choi.”

Vice Chairman Choi Moon-kyung thought about it for a while and then felt relieved. He did not want to restructure the affiliates. His hands and feet were there.

He also now remembered that there had been many complaints from his close associates.

I still get calls from time to time.

Some even made threats.

But he had no other alternative.

Because we don’t have the ability to suddenly create an affiliate company.

He asked them to wait through Chief Secretary Kwon Jae-hong, or he made room for another partner company.

But in reality, it wasn’t that simple.

Ultimately, the job now was to create a place for them.

“… It’s definitely not bad.”

Senior Vice President Kim Hyeon-woo said coldly.

“Even Director Choi Min-hyeok could not have predicted something like this. No matter how much technical knowledge and vision Director Choi Min-hyeok has, it is not something that can be easily solved.”

“If Director Choi Min-hyeok wavers, we will use that to pressure HY Automobile?”

“If that happens, the situation for the Oseong Group will change a bit. It’s not easy to secure the $6 billion it takes to purchase the Collins division.”

If the two groups waver, they will vent their complaints to Director Choi Min-hyeok.

And in the process, malicious rumors related to the KM Group restructuring will circulate.

And that too through major media outlets.

“Director Choi Min-hyeok’s handling of the victims of restructuring is equally important.”

Vice President Choi Moon-kyung sighed.

“But that’s not necessarily the case. We created a separate training center for KM Electronics and absorbed it.”

“It’s just a formality. We have over two hundred people, and we can’t keep doing it like this. No matter how much money we have, we can’t do something reckless.”

Vice President Choi Moon-kyung listened to what Senior Vice President Kim Hyeon-woo was saying.

It was a more realistic and concrete plan than I thought.

It may seem like a trivial thing, but it’s a story that has no solution.

“… What would happen if we created a new business like KM DVR and provided them with stable jobs?”

Senior Vice President Kim Hyeon-woo snorted.

“It’s different with KM DVR. That was a plan that took months to complete. It’s absolutely impossible to create a quality new business right away!”

“… I guess so.”

Vice President Choi Moon-kyung was actually quite satisfied with Senior Vice President Kim Hyeon-woo’s report.

He thought this was the way things should be done.

So I glared at Chief Secretary Kwon Jae-hong.

Chief Secretary Kwon Jae-hong did not make any excuses. Instead, he glanced at Senior Vice President Kim Hyeon-woo and spoke differently.

“Looking at Director Choi Min-hyeok’s actions so far, there were many other plans that were not apparent. I think we need to wait and see for now.”

“hmm.”

Vice Chairman Choi Moon-kyung already knew that Director Jang Seung-il was looking into this matter. It was not something he needed to step in for now.

‘I’ll have to keep an eye on this guy. If by any chance this goes well… … ‘

This gives you a chance to counterattack.

However, he too has been treated countless times by Director Choi Min-hyeok.

That’s why I was anxious about what would happen next.

So I said to Senior Vice President Kim Hyeon-woo.

“I’m talking about the work being done on the Oseong Electronics side. Let’s check that first. If that fails, the work we’re doing now will also be affected. Oh, I won’t accept any other excuses. It’s a test, after all.”

“…All right.”

Senior Vice President Kim Hyeon-woo also tried to refute, but stopped for a moment. These were the words of Vice President Choi Moon-kyung, who had been treated like that by Director Choi Min-hyeok.

‘I wonder if there will be any change?’

***

KM Electronics’ royalty income is expected to surpass $1.5 billion and even $2 billion. That’s what the media was talking about.

But the Ministry of Strategy and Finance ended up bringing up this event.

The first thing they did was to use the major broadcasters’ current affairs programs.

They waged a public opinion war by putting forward the Patent Office, CEOs of mid-sized companies, and presidents of patent attorney associations.

The global technology war is intensifying.

The mark of a great power is not military power, but technology.

Innovative technologies will dominate future industries.

These are the stories. And the one that became a milestone was KM Electronics.

No, it was Director Choi Min-hyeok.

Of course, Director Choi Min-hyeok did not appear in this program.

Thanks to this, it became a current affairs program that started with Director Choi Min-hyeok and ended with Director Choi Min-hyeok.

However, the viewership ratings for this broadcast program exceeded 18%.

This was because there was an introduction to the technology possessed by Director Choi Min-hyeok.

Viewers watching the program were all shocked.

[Could it be that Director Choi Min-hyeok also possessed such technology?]

They also heard that KM Electronics makes a lot of money from patents.

The patent fees have been skyrocketing over time.

Still, I thought it wouldn’t increase any further.

But that wasn’t the case.

One of the reasons was IPS-LCD.

In particular, the introduction of IPS-LCD was unprecedented.

[Director Minhyeok Choi did not simply file a patent and stop there. He continued to issue follow-up patents to prevent latecomers from entering the market.]

What came out in relation to this argument was the IPS-LCD patent recently issued by KM Electronics.

The panel analyzed the situation diligently.

But I didn’t know the reason.

I tilted my head at the question of whether this technology was really necessary since all the Japanese patents had already been purchased.

However, Planning Director Kwon Tae-seong had a different opinion. The reason he had to think differently was because he had to wear a special suit to enter the LCD factory.

It looked good on the outside, but it was so frustrating that I thought I was going crazy.

They say it’s because of the fine dust, but it was really difficult to find this place.

But it had to be that way.

This is to check the yield of LCD factory 1.

[I have been informed that the defect rate has been reduced to 1%. But why are the returns increasing so much!]

[The production defect rate is like that. However, the defects that occur in the field are a bit different. It seems that various factors such as pressure are the cause.]

This is a fact already confirmed by the production technology team.

However, at that time, it was confirmed for experimental purposes.

In reality, defects that occurred after the product was sold were a bit different.

The reason why this happened was simpler than you might think.

IPS-LCD itself was a new technology.

Of course, problems were bound to arise.

[… I reported that further verification was needed.]

It was the management of Oseong Electronics who did not hear that.

Even Planning Director Kwon Tae-seong had a hard time avoiding responsibility.

He eventually looked around the LCD factory with his face crumpled.

Of course, the problem wouldn’t be solved by looking back here right away.

Still, it wasn’t a bad thing as an act of putting pressure on employees.

‘Damn, it looks like there’s nothing wrong with it on the outside.’

***

Planning Director Kwon Tae-seong was troubled on his way out after checking the status of the LCD factory.

He was thinking again about Director Choi Min-hyeok.

I wasn’t sure if I should just trust and wait for the HY Group.

Director Im Kwon-soo was waiting. He brought the IPS-LCD royalty report status. It all goes into Director Choi Min-hyeok’s hands.

He sighed as he looked at the exponentially increasing royalty figures.

As IPS-LCD production volume increased, patent fees increased rapidly.

No, it was expected.

But at the time, it was only expected.

When money actually came in, things changed.

‘What a waste.’

It’s all good for Director Choi Min-hyeok.

The work goes to Oh Sung Electronics, and the profits go to Director Choi Min-hyeok.

In fact, up until now, the Japanese and American governments have done so.

All that has changed is Director Choi Min-hyeok.

The good news is that now even the United States and Japan have to pay tribute to Director Choi Min-hyeok.

The company that tried to avoid doing that was Nintendo.

‘I guess Nintendo is having a hard time these days.’

He was laughing hysterically as he watched a panel on tech wars on the company’s TV.

“Do you think those guys think they can make money just by getting a patent?”

Director Im Kwon-soo spoke carefully while watching Director Kwon Tae-seong’s expression.

“Because I’ve never worked in a company before. Since it’s something that was done by the Ministry of Strategy and Finance, it’s bound to sound plausible.”

“Well, that’s true. Who could have guaranteed that things would turn out like this?”

“But I think there is something to reflect on. At the time, no one noticed Director Choi Min-hyeok’s actions.”

“But it’s better than Hitachi in Japan, right? That guy sold his technology for cheap. There must be chaos by now.”

“It’s not just Hitachi that’s in trouble. The Japanese government is also blacklisting Director Choi Min-hyeok.”

“Wait a minute, Director Choi Min-hyeok, is it possible that the Nintendo lawsuit was filed in retaliation?”

“There is actually such a story. There is already talk that Nintendo is meeting with the Japanese government and talking separately. Director Choi Min-hyeok is not talking to them at all. He is only putting Shizbel forward.”

“You still say that you have nothing to do with Shizbel?”

“…yes.”

Planning Director Kwon Tae-seong looked at the situation with a dumbfounded expression.

When he encountered the IPS-LCD production problem, he saw that the work being done by Director Choi Min-hyeok was not just any old thing. He took it very seriously.

“Wait, you said you met with Senior Vice President Kim Hyeon-woo? What did he say?”

“It seems like they are floating the idea because of the acquisition price for the Collins division, but they said it is going ahead as planned. However, when I asked Director Choi Min-hyeok about the work he is currently doing, he said he will look into it.”

“Good job. I really don’t want to see that guy’s face. Oh, let me make this clear. Tell him to check what Director Choi Min-hyeok is doing at the so-called training center he’s currently working at. If that doesn’t work, then let’s pretend it never happened.”

“…All right.”