The 3th Generation of the Chaebol Wants to Live Quietly - Chapter 213



Only Noblemtl

#213.

Although Kim Yeo-jeong inherited a considerable amount of wealth from Chairman Kim Sang-gu, she inherited less than her eldest son, Vice President Kim Hee-chan, or Director Kim Hyun-tak.

Instead of entering into a political marriage with Executive Director Choi Hoon-yeol, she decided to get help from Chairman Kim Sang-goo in taking over the KM Group.

They thought that if they could just get the KM Group shares, they could get a solid amount of money from Chairman Kim Sang-koo, who was overflowing with cash.

However, KM Group’s stake was more complicated than expected.

Chairman Choi Yong-wook was a problem, but President Choi Du-jin also had a significant stake.

Even CEO Choi Du-jin, who was a former loan shark, surprisingly has a sense of loyalty and is not the type to betray others because he is crazy about money.

There, Vice Chairman Choi Moon-kyung’s wife, Kim Yi-kyung, was a strong person who hid herself.

The alternative she chose was to instigate Executive Director Choi Hoon-yeol to take over KM Electronics.

In fact, before Choi Min-hyeok joined the company, everything was going according to plan.

Executive Director Choi Hoon-yeol got rid of all the people who were against him one by one.

But after Choi Min-hyeok took office as director, strange things started happening one after another, and everything she had planned fell apart.

Even she could not have imagined that her husband, Executive Director Choi Hoon-yeol, would go to prison.

Kim Yo-jong, who was suddenly forced to become a lone wolf, was so angry that she was on the verge of going crazy.

“Oh, it’s been a while.”

Chief Kim Hyun-tak also kept an eye on Kim Yeo-jeong. Even though Kim Yeo-jeong has fallen, she is still the one who exerts influence over Chairman Kim Sang-gu.

Kim Yo-jong also knew her position well.

“Let’s not talk nonsense, what is the satellite broadcasting system?”

“Oh, it’s something that’s happening at ETRI. That’s… … .”

She had already heard enough from Choi Min-soo and had investigated separately, so she did not hear the detailed story.

“But that’s strange. Why are they arguing about that in the KM Electronics Planning Department?”

“There must be some misunderstanding. The planning team can intervene in matters related to the satellite business unit and adjust the contract.”

She looked at Choi Min-soo sitting next to her.

“Minsu, is that really true?”

Choi Min-soo hesitated under the gaze of Kim Yeo-jeong, who was warm, and Chief Kim Hyun-tak, who was full of curiosity. He also wondered if he had made a mistake.

“… There are no details. However, Team Leader Jo Seong-don said that we need to sign a new contract regarding this satellite broadcasting system.”

“A new satellite broadcasting system?”

Chief Kim Hyun-tak was at first bewildered, but then he remembered something strange from the preliminary investigation. He jumped up from his seat as if he had been struck by lightning. He urgently called in Chief Park Tae-jeong and had him check.

It wasn’t difficult for them to learn about the new satellite broadcasting system, thanks to Choi Min-hyeok’s decision and leaking of the information.

“What, what does that mean? You’re saying that you’ve completely overhauled the existing satellite broadcasting system and created a new one? You’re saying that you’ve solved all the chronic problems of the existing broadcasting system?”

Of course, there was no further detailed information.

In fact, this is information that has never been found even after investigation.

It was strange that the phone call suddenly popped up so suddenly that I was scared.

However, Chief Kim Hyeon-tak, without paying attention to the overall situation, called in Director Park Tae-jeong and urgently ordered him to deploy manpower to this task.

Kim Yo-jong sighed as she gazed at the sight.

Now that I look at him moving around so busily, I can tell he doesn’t know anything.

It’s amazing that I, who has nothing to do with this matter, have to say this for people to understand.

I just couldn’t understand what they were doing with so many employees under them.

“This is a good thing. Even a hole-in-the-wall store doesn’t do this. What is this, a so-called DL affiliate?!”

“… I’m sorry, I’m sorry.”

Chief Kim Hyun-tak, who had given such a hasty order like a madman with his tail on fire, finally wiped away his cold sweat. This was because it was something he had never thought of.

‘The result was completely different from what was expected.’

What shocked him was that he did not believe in the quality of the project that ETRI had done in the first place.

The research results produced in a crude manner were nothing more than research achievements.

Commercialization itself was impossible with ETRI’s results.

It would have been much better to just start from scratch.

But this wasn’t a simple problem.

DL Information and Communications has purchased many systems from the US and Europe, so they are familiar with their level.

That’s why they hadn’t even thought about it, but what was surprising was that what they found out in that short period of time was that ETRI’s new broadcasting system was on a whole different level from previous results.

‘Why are you moving like a rat? If you keep quiet, could it be that Minhyuk Choi has something to do with this?’

Chief Kim Hyun-tak’s head was so complicated that he felt like it was going to burst. He wanted to call the staff involved in this matter together and hold a meeting right away.

Kim Yo-jong, who felt ignored by that appearance, shouted out.

“What? What I’m saying doesn’t make sense?”

“Oh, I’m sorry. It happened so suddenly that I’m out of my mind.”

“Is it that important?”

“Yes. This is a big deal. If Oseong Electronics had known about this, there would have been chaos by now.”

Of course, Oseong Electronics was still unaware of the new satellite broadcasting system. The chaos was only about DL Information and Communications. Kim Yo-jong, who did not know about this, tilted her head.

“Really? Then what are you going to do from now on?”

“First, we need to review the details again. If it falls within the specifications considered by our planning team, we should proceed even if it means forming a joint venture with ETRI.”

“Is that necessary?”

“Of course it needs to be. This market is still in its infancy, and there is no dominant force in East Asia.”

To be exact, no one knows about this business. If there was a foundation for starting a satellite broadcasting service, any company starting now could easily take the lead.

If we take the initiative in East Asian countries and governments, we can exert influence in various fields.

For DL ​​Information & Communications, which has a lower level of recognition than other companies, taking the lead in this business was the best business.

“In particular, it can exert influence starting from the selection of satellite broadcasting operators to specialized programming channels. This is more important than KM Electronics.”

“okay?”

Kim Yo-jong knew nothing about satellite broadcasting services, so she just listened. But when she actually heard the story, it was not something to be taken lightly.

“But that’s strange. How could Minhyuk get involved in that?”

“So you absolutely must find out!”

“Yes. I want to receive that information too. Please report the details through Minsu.”

“Oh, I understand.”

Chief Kim Hyeon-tak thought he saw Choi Min-soo for a moment, but he thought that if Lee Chang-myeong, the director of Oseong Electronics, found out about this, he would take some action.

‘I need to find out quickly.’

* * *

Director Park Jae-ho, who was hit in the back of the head by Team Leader Oh Hyeon-jong, tried to find a solution on his own. What he was particularly worried about was the embezzlement issue. If he was not careful, he could end up in jail.

He honestly didn’t want to tell Director Lee Chang-myeong about this.

Unfortunately, things weren’t so easy.

‘These kids are really determined.’

Director Park Jae-ho, after much thought, finally went to see Director Lee Chang-myeong. He told him the whole story, but the problem was that it wasn’t accurate information.

Director Lee Chang-myeong was angry at the sudden turn of events.

He said there was something changing in the satellite broadcasting system, but he didn’t know the details. He called in Director Ahn Gook-ho and Senior Director Kim Hyeon-woo and had them investigate.

Although Chief Ahn Gook-ho did not like Chief Kim Hyeon-woo, he followed his instructions as much as possible.

Thanks to Choi Min-hyeok’s previous request to leak the information, we were soon able to obtain information about the new satellite broadcasting system through Dr. Cho Jae-hyeon, who was working under Professor Song Han-seong.

At first, he couldn’t believe this information.

The satellite broadcasting system that ETRI has been working on so far has had more problems than expected.

It was questionable whether commercialization would be successful in this way.

However, I couldn’t give up on something like the satellite broadcasting business, which would bring in a big pie if it were to succeed.

But one day, Professor Song Han-seong’s research team suddenly came up with a proposal for a new satellite broadcasting system, and the ETRI research team accepted the proposal and even went so far as to revise it.

That was a development more absurd than a truly improbable novel.

Vice President Ahn Gook-ho eventually visited the laboratories of Professors Lee Dong-ho and Song Han-seong, who were involved in the new satellite broadcasting system, and ended up getting pelted with water by the angry Professors Lee Dong-ho and Song Han-seong.

“Are you already forgotten?

There’s no way I’ll forget.

He himself knew very well what he had done.

Stealing research results for cheap is just the beginning.

They pressured the company that had been contracted to do the research and ended up stopping the research midway.

They put pressure on the president of Korea University and put on all sorts of shows.

In particular, Professor Lee Dong-ho was now a person who would pick up the Osung Electronics.

Team leader Ahn Gook-ho and research team Song Han-seong dug into ETRI at the same time. Fortunately, security was weakened due to the presentation, and they finally obtained information about the new satellite broadcasting system.

But he was shocked when he learned about the new satellite broadcasting system that he had been forced to work on due to patent issues.

This is because the specifications proposed by Osung Electronics have become useless due to the amount of modification work on the decoder side.

‘Ouch, we’re in trouble.’

* * *

Team Leader Ahn Gook-ho could clearly see how Director Lee Chang-myeong would act if he found out about this situation. He was worried about how he should report this issue.

The person he then thought of was Senior Manager Kim Hyeon-woo, who joined this project.

I thought it wouldn’t be a bad idea if Senior Vice President Kim Hyeon-woo, rather than me, handled this matter.

Senior Vice President Kim Hyeon-woo unexpectedly decided to step forward in place of Vice President Ahn Guk-ho.

“I’ll do it. But how on earth does it work?”

“I think ETRI modified its system internally to exclude that part due to patent issues.”

Senior Vice President Kim Hyeon-woo, who had been listening silently, was certain that this incident had something to do with Choi Min-hyeok. There was something he particularly paid attention to.

“I heard that the receiver cost was too expensive so they went with Osung Electronics’ own specifications. Does that mean they have to make everything from scratch?”

The greedy manager, An Gook-ho, let out a sigh.

“But there’s nothing I can do. The patent costs are not cheap.”

“Shouldn’t we look into that in more detail?”

“I heard that a patent agent named Sizbel is in charge of that job, but he’s not an easy opponent for us either.”

Senior Vice President Kim Hyeon-woo could not understand the situation at all when he heard the new story.

“Who owns the patent?”

“Professor Lee Dong-ho and Professor Song Han-seong. By the way, they are not on good terms with us. They are practically enemies.”

Senior Vice President Kim Hyun-woo clicked his tongue when he noticed that they had fallen for a typical Oh Sung-eun Electronics trick. He fully understood their situation.

He himself had suffered greatly from Chief Ahn Gook-ho. To be honest, it was strange to even be working and talking with him at this moment. No, he had hidden his resentment deep in his heart for the sake of his own survival.

I myself am enduring like a dog because I have nowhere to go, but other people are different.

If there was a way to survive on one’s own, like Professor Lee Dong-ho or Professor Song Han-seong, there would be no reason to compromise with Oh Sung Electronics.

Instead, the resentment they have toward the five-star electronics will be beyond imagination.

‘…Negotiations will be difficult.’

Senior Vice President Kim Hyun-woo gritted his teeth as he thought back to his situation. He had no idea what he was doing.

But what can I do?

I controlled my expression as I recalled the time I met CEO Choi Du-jin while gritting my teeth to the point of breaking them in order to survive.

‘I have to get recognition from my current company, Oseong Electronics, before I can receive the inheritance from my father. If not, I’m really finished.’

In a desperate situation, Chief Ahn Gook-ho opened his mouth with his head bowed and a cold sweat dripping down his face.

“The more serious problem is that the revised new satellite broadcasting system overcomes many of the problems of the existing system. They say it is overwhelmingly superior to the system made in the United States. Of course, we have to check the facts to know for sure, but even if that is half true, it is a good business.”

Especially considering the influence that Oseong Electronics has, it was able to lead this digital satellite service business and exert wide-ranging influence, including on the selection of the operator.

Moreover, based on this achievement, we were able to secure priority for future wireless communication network businesses such as CDMA.

For Oseong Electronics, this satellite broadcasting service was not just a service.

If the board of directors of Oseong Electronics didn’t know, it wouldn’t matter, but if they heard that the food they put in their mouths was stolen, it wouldn’t end with Vice President Ahn Gook-ho, but Director Lee Chang-myeong would also be dealt a huge blow.

Senior Vice President Kim Hyeon-woo, who had been listening silently, was only thinking about ‘Choi Min-hyeok’. He saw that Choi Min-hyeok had clearly had an influence on this matter as well.

‘…It’s similar to Director Choi’s method.’