The 3th Generation of the Chaebol Wants to Live Quietly - Chapter 216



Only Noblemtl

#216.

“Unlike mobile communications that use only one frequency, TRS uses many frequencies together. It is similar to a walkie-talkie. It uses only certain frequencies separately, so it is impossible to communicate with the outside world. Therefore, it can only be used in the police, fire department, and railway sectors.”

“That market isn’t so bad.”

“That’s right. But when the future comes and mobile communications become active, this TRS market is bound to shrink.”

“But isn’t it impossible for mobile phones to have a big impact on the TRS market right now?”

“No. The explosive power of the mobile market is more than Team Leader Cho can imagine. In the end, existing companies will have to fight fiercely, and in the end, companies that are not competitive will die. In other words, companies like TRS Geotel KM will definitely fail.”

To be exact, it was liquidated after a few years. The problem was that it was only losing money during the development stage, and even after it was released, it was not profitable as it was in a cutthroat competition with competitors.

Despite KM Group’s best efforts, the project ended up blowing hundreds of billions of won.

“If we liquidate this business now, we can reduce our losses significantly.”

“But that is something that the Group Planning and Coordination Office also thoroughly reviewed. Do you think it would really turn out that way?”

“It’s not because Director Jang Seung-il is incompetent, but because the changes in the mobile market are so great that they are beyond Director Jang’s awareness.”

“Can the mobile market really be that big?”

“Do you say that even when you look at MP3s? As the mobile market expands, a fight for survival will begin. Then, music services will naturally take a leading role.”

“But you already own all the original patents related to MP3… … Oh, really?”

Minhyuk Choi knew what Team Leader Jo Seongdon was thinking. However, Minhyuk Choi’s thoughts were a little different.

“Well, it will happen in the future, but I didn’t think that far ahead.”

“yes?”

The MP3 team is still buying the MP3 related patents, but I have no idea what they are talking about.

But Choi Min-hyuk also clicked his tongue.

“I will end up just eating into the MP3 market. I don’t want anything more than that.”

“Are you serious?”

Choi Min-hyeok couldn’t answer this question right away either. Of course, he was planning to end it by eating the MP3 for now, but he had no choice but to respond differently depending on Vice Chairman Choi Moon-kyung’s actions.

“Let’s talk about that next time.”

“Oh, yes.”

After finishing the conversation, Team Leader Jo Seong-don thought deeply about what Director Choi Min-hyeok had said. If the mobile market growth explodes as Director Choi Min-hyeok said, the TRS market will also be affected.

In the end, KM Group could not just endure in the midst of a cutthroat battlefield.

It was only later that I realized its meaning.

“Oh my god, then why didn’t you say anything to Director Jang Seung-il?”

Choi Min-hyeok also grumbled as he recalled his first memory related to TRS. The previous life plan did not solve everything.

“Oh, that’s it. Well, at that time, I was busy with Collins and the MP3 development. So I wasn’t in a position to look after other people’s jobs.”

“But the establishment of the affiliate company has already been completed, and the hiring of personnel has been completed. Do you think Director Jang Seung-il will listen to Director Choi’s story now?”

“If you don’t listen, there’s nothing I can do. But that’s okay. If you don’t listen to me, it’ll be a good experience to get your ass kicked.”

“Is it because of the chairman?”

“Well, I won’t deny that either. After Grandfather has tasted the hot taste, he will realize that my words are not just words. Plus, I will have a huge fight with my eldest uncle, who led this project, so it will be fun to watch.”

Only then did Team Leader Jo Seong-don realize Choi Min-hyeok’s intentions and stick out his tongue.

‘It seemed like an attack in retaliation against Director Lee Il-tae, but in the end it was just an excuse to suppress Vice Chairman Choi Moon-kyung.’

“… So what they’re saying is that you have to experience it firsthand to feel comfortable in the future.”

“Yes. And let’s take this opportunity to score some points with Grandpa. He’s been a bit too reckless up until now. Of course, that’s only if you listen to me.”

To be exact, it was not something done to please Chairman Choi Yong-wook. It was merely a preliminary step to attack Vice Chairman Choi Moon-kyung in the future.

“But how are you going to tell this?”

“That’s what Team Leader Cho is going to do. Spread the word about the new satellite broadcasting business and also spread my review of TRS.”

“… Okay, I understand. But the boss also knows about this. Is that okay?”

“Oh, I’ll spread smoke through Mr. Oh, so just create a piece of work.”

“…yes.”

Team leader Jo Seong-don, who was still unfamiliar with this kind of thing, ended up frowning.

* * *

“Isn’t our Director Lee Il-tae amazing? I think it’s the first time I’ve seen someone from the planning department cause such a commotion.”

President Oh Young-geun’s expression as he watched the CCTV camera while listening to Min-hyeok Choi’s light-hearted story was not good. He sighed just by looking at Min-hyeok Choi’s expressionless face.

‘I’m really pissed.’

But even President Oh Young-geun could not provide a shield for this incident.

Leaving aside other things, the actions of Director Lee Il-tae, who swung his fist, were not something that could be overlooked.

The latter part was somewhat better, but in the beginning, there was a scene where Vice President Lee Seok-tae and Manager Heo Hoon grabbed the planning team by the collar and fought.

Vice President Moon Hyung-seop also glanced at Director Choi Min-hyeok.

“What are you going to do?”

“I’m thinking about it. Putting everything else aside, I can’t tolerate that kind of behavior. When you work in a company, you can misunderstand things. But even so, I can’t tolerate such coercive behavior. Do you think what I’m saying is strange?”

“No. It is true that Director Lee Il-tae was at fault.”

“I bet the chairman thinks so too, right?”

He also heard from Director Jang Seung-il that Chairman Choi Yong-wook’s recent actions were suspicious. This was because Director Jang Seung-il was anxious and asked Vice President Moon Hyung-seop to stop Director Choi Min-hyeok’s actions.

“… I guess so.”

President Oh Young-geun, who was watching from the side, grumbled.

“Director Choi, the chairman is already very sensitive because of you, so there’s no need to make a big deal out of it. I’ll just call in Director Lee Il-tae and give him a stern warning and end it.”

Choi Min-hyuk got angry.

“This is the problem? If what Director Lee Il-tae said is true, then I have to report everything to Director Lee Il-tae before I do anything. Why do I have to go that far?!”

“but…….”

Choi Min-hyuk didn’t just get angry, he even made a justification for it.

“Honestly, if Director Lee Il-tae has any achievements like Vice President Moon Hyung-seop, let’s wait and see. He hasn’t done anything so far. But he went to the planning team that was working hard and caused trouble based on mere speculation!”

“… … .”

“… … .”

Both of them knew that Choi Min-hyeok, who was very angry, was just going to the president’s office to say something just for show.

However, I asked a question about Director Lee Il-tae’s claim because it was not convincing.

“But isn’t it because Director Lee Il-tae feels aggrieved in his own way?”

“Does that matter? No, it’s more strange that the company didn’t even file a complaint with the prosecution against the guys who swung their fists.”

That bastard’s violent acts.

President Oh Young-geun also had many questions he wanted to ask, but he had no choice but to keep his mouth shut. No, he was frustrated. Director Choi Min-hyeok, who did not allow him to say a single word, was strange.

Choi Min-hyeok dismissed it as if he knew what President Oh Young-geun was thinking.

“Now that we’re on the subject, what power do I have to pressure Professor Song Han-seong and harass ETRI? Do you think that people at a research institute like ETRI, which is full of old farts, would even listen to me?”

“That too, but… … .”

Neither President Oh Young-geun nor Vice President Moon Hyeong-seop could refute this statement.

In fact, even the two of them could not exert much influence on ETRI.

Director Choi Min-hyeok did not think that they had more influence than him.

In the end, President Oh Young-geun stepped forward with both hands raised.

“… Is Director Lee Il-tae really going to handle it like that?”

“We need to hand down a disciplinary action like this here.”

“Isn’t that a bit too much?”

“No. If you discipline them with a strict discipline, other employees won’t act like that. This is a company, not a gang. Even if you have different opinions, you should exchange opinions through dialogue and compromise.”

“But there are also matters that the Chairman has instructed. Shouldn’t you take those into consideration as well?”

“I will take care of that part as well.”

“… Okay, I see.”

The two felt something was off, but they couldn’t figure out what Choi Min-hyuk’s intentions were.

Choi Min-hyeok stood up holding the final settlement document that had been signed by the two people, and bowed his head respectfully to the two people.

“Thank you. Then I will immediately issue an internal notice to discipline the Satellite Division staff.”

“…I know.”

* * *

The disciplinary action against the satellite division, including a six-month pay cut for Director Lee Il-tae, was carried out in lightning speed in less than half a day.

All KM Electronics employees were left speechless after watching the video related to this incident.

Director Lee Il-tae was furious and went on a rampage. There was not a single answer to the claims he had asked. However, he was too scared to go see Director Choi Min-hyeok.

He eventually felt so wronged that he reported this fact to Director Jang Seung-il.

Naturally, the KM Group Strategy Planning Office, which had been closely watching KM Electronics under the direction of Chairman Choi Yong-wook, unlike before, also learned of this fact that afternoon and held an emergency meeting.

“… Based on our investigation so far, it appears that there was a misunderstanding that the satellite business division was involved in the planning team’s design of ETRI’s new satellite broadcasting system.”

Director Jang Seung-il immediately frowned at several topics. He sighed again at the story that suddenly came up.

“…What about the new satellite broadcasting system?”

“This is related to the digital satellite broadcasting project, which is the second in the world to be carried out following the United States. It is a national project sponsored by the Ministry of Communications and Telecommunications of the government and is scheduled to begin test services in the second half of next year.”

The story about the digital satellite broadcasting system has been a constant topic of discussion in this government. It was a project in which investment was made as one of the key policy tasks.

And there was a lot of talk about the government giving mid-sized companies a chance in this business.

KM Group’s planning and coordination office also showed deep interest in this project.

However, since there is a satellite business division within KM Electronics, I asked them for help.

Director Lee Il-tae reported it roughly as if it was nothing special.

Director Jang Seung-il also understood what was being said after hearing the inside story belatedly.

“But I think you confirmed that part when you were reviewing the TRS Geotech KM joint venture?”

Vice President Koo Gil-mo was also slightly flustered. He also had a hard time figuring out what to say. In the keynote speech room, he just glanced at the report submitted by Director Lee Il-tae and passed it over.

It’s true that satellite broadcast channels are profitable, but there were too many companies concentrated there.

I was pessimistic about whether I could compete with them and win the channel.

However, I couldn’t just pass this agenda item on to Director Jang Seung-il, so I gave him a rough report.

“…Was it so?”

Even Director Jang Seung-il sighed after realizing the risks and value of the project belatedly.

It wasn’t a big deal at the time.

Actually, it wasn’t a big deal even then.

But if Director Choi Min-hyeok had won the business or had any involvement in it, it would have been a big problem.

Ultimately, I decided to focus more on the problem at hand rather than reviewing it now.

“… Is there anything else?”

Vice Minister Koo Gil-mo was also relieved that Director Jang Seung-il did not dig any further.

So I continued to give somewhat formal reports.

“It was not a completely impossible business. Since this government completely excluded large corporations from participating in satellite channels and recognized small and medium-sized enterprise consortiums, there was an opening for us to squeeze in if we did well.”

“Does that mean it’s a good business?”

“That’s not true either. It’s the second business to be serviced after the US, so there are many unstable aspects. In addition, the digital infrastructure is not properly in place, so it is likely to see a significant deficit in the early stages of the business.”

Director Jang Seung-il, who remembered that there were various problems, checked the issue again. He couldn’t know the details because it wasn’t his area of ​​expertise, but he seemed to have a general idea of ​​how things were going.