The 3th Generation of the Chaebol Wants to Live Quietly - Chapter 233



Only Noblemtl

#233.

Choi Min-hyeok snickered at the look of confusion on Team Leader Jo Seong-don’s face.

“Let’s slowly come up with a plan to confidently step forward. There’s still plenty of time.”

“…All right.”

Team leader Jo Seong-don received the order, but he ended up getting up from his seat with a puzzled look on his face.

“Oh, and please take a look at the atmosphere at the headquarters regarding this personnel adjustment. It would be good to prepare in advance in case there is any unnecessary talk. My grandfather might misunderstand, and my uncle, who is having a headache because of the TRS business reorganization, might take advantage of it.”

“yes.”

* * *

The KM Group Planning and Coordination Office also paid attention to KM Electronics’ sudden personnel adjustment.

Director Jang Seung-il would have probably looked into this issue a while ago, but he couldn’t do so now.

This is because the Ministry of Information and Communication’s movements were much faster than expected.

The Ministry of Science and ICT held a working-level meeting by inviting all stakeholders related to the Oculus project, and even media outlets including broadcasting stations attended the meeting.

We had already held a meeting with practitioners related to broadcast content.

“Hahaha, I honestly can’t believe we can reach an agreement on this matter so quickly. I even doubt if this is the Ministry of Information and Communication that I know.”

“Our Ministry of Information and Communication simply followed the citizens’ demands for digital satellite broadcasting.”

No one openly laughed at the ridiculous nonsense.

But the stories that came out of this meeting were different from just abstract stories.

Thanks to the Ministry of Science and ICT taking the lead and discussing various issues at various meetings, we were able to discuss in detail the areas that could be problematic in the progress of this project.

He specifically mentioned the problems related to digital satellite broadcasting. In particular, media and broadcasting companies that had been passive until now have decided on the content and are now releasing it.

“Work on satellite-only content has already been reviewed internally by the broadcaster.”

This opinion was jointly compiled by 12 major media outlets and major broadcasters including KBC, MBS, and SBC, not by a single broadcaster.

It may seem unusual for them to release content dedicated to satellite broadcasting, but what they really wanted was the Oculus Project, or more precisely, a stake in a joint venture in the satellite broadcasting business.

“…the stake we want is not large.”

What was casually thrown out was a proposal to divide the stocks of each broadcasting company and media outlet.

Everyone was laughing on the outside while cursing on the inside. No one blamed the content providers because if they left this business, the plan itself wouldn’t be able to proceed.

Negotiations, which had been delayed due to vested interests, progressed quickly.

Even the lawmakers who attended this meeting were blinded by sweet interests, and they insisted that they would actively participate in enacting the bill.

“The relevant ministries are already in the process of preparing the bill. The bill will be reviewed by the National Assembly within the second half of this year at the latest.”

This is because, with the digital satellite broadcasting channels already established through the Oculus project, immediate profitability can be expected if content is uploaded.

Oseong Electronics also just watched the hectic negotiations unfold, but was satisfied with being promised a share of the losses, even if it was late.

Planning for what would happen after the launch of the Mugunghwa satellite was not as smooth as before.

Everyone was surprised while discussing it.

‘If only I had done things like this, things wouldn’t have turned out like that… … .’

* * *

After the satellite broadcasting business working-level meeting, Dr. Oh Hyeon-jong, who received a report from the Ministry of Information and Communication, also visited Director Choi Min-hyeok and talked with him.

In the meantime, he also met with Jamie Nicholas, a director from the Korean branch of Sisbell. He pointed to his own eyes with both fingers and then pointed to Dr. Oh Hyeon-jong’s eyes again.

“I will watch.”

Choi Min-hyuk shrugged and took a step back.

“I don’t want to get involved in the complicated equity issue. When I listen to Professor Song Han-seong or Professor Lee Dong-ho, it seems that evaluating the equity value of a joint venture is not easy. That’s why I passed the equity evaluation issue on to Sisbell.”

“… Ah, yes.”

Choi Min-hyeok glanced at Director Jamie Nicholas, who was burning with desire.

“Don’t worry too much. Director Jamie won’t make any ridiculous claims. He’ll probably come up with a reasonable opinion. But if you try to use him as a pawn, you’ll get in trouble.”

“Okay, I understand.”

Team Leader Oh Hyeon-jong also boasted to Osung Electronics because he had taken the lead in the project, but he could never do that to Director Choi Min-hyeok.

Because, unlike others, I understand the meaning contained in the Oculus project.

‘If we do it right, this Oculus project might end up being adopted as a satellite standard.’

In fact, the Oculus project patent that Choi Min-hyeok created the framework for was originally set as a satellite standard. It was further supplemented and developed.

Knowing the meaning, even the timid team leader Oh Hyeon-jong stepped forward to oust Director Park Jae-ho. In the worst case scenario, he even risked being kicked out due to internal conflict within ETRI.

That shows how well the Oculus project was completed.

Minhyuk Choi ended up chuckling as he watched Team Leader Hyunjong Oh struggle.

“Don’t be too greedy. Don’t you think about the future? You don’t think the digital satellite business is over, do you?”

“…All right.”

Team Leader Oh Hyeon-jong was nervous because of the legal teams from large corporations coming to see him. It wasn’t all that surprising that Director Choi Min-hyeok was acting like that.

‘It’s not easy after all.’

The equity review proceeded smoothly when Director Jamie Nicholas stepped forward and became the legal representative of Professors Lee Dong-ho and Song Han-seong.

He did not unilaterally demand his own benefit.

We began to thoroughly review proposals from various businesses.

Team leader Oh Hyeon-jong also accelerated the project progress by getting rid of the headache.

Korean characteristics came into play here.

Faster, faster, faster.

Thanks to the ideal satellite broadcasting framework that Choi Min-hyeok had already created, there was no reason for work to be delayed like before. The ETRI satellite researcher started working like crazy.

* * *

The KM Group Planning and Coordination Office, which realized the situation late, was put on emergency alert.

The meetings continued on and on.

The Planning and Coordination Office took this matter as seriously as the military unit’s operations situation room.

They also could not have imagined that the negotiations between Oseong Electronics and ETRI would be resolved so easily.

The conflict of interest between the two companies was not something that could be resolved easily, so it was expected to take at least six months and at least a year.

But suddenly, the two companies compromised by taking a step back from each other. No, Oseong Electronics unilaterally suffered a loss.

Director Jang Seung-il also found out about the situation late and went to see Chairman Choi Yong-wook first.

Chairman Choi Yong-wook, who was already having a headache because of the greedy Chairman Kim Sang-goo’s proposal, just listened silently.

“Is the Oculus project that important? You were negative about the satellite business, too.”

“Of course, there are many problems with the satellite business. But this is not a situation to be taken lightly. The government does not like the participation of large corporate capital in the first place.”

Chairman Choi Yong-wook was also aware of the Oculus project that was mentioned at the National Competitiveness Private Sector Committee meeting.

As the Ministry of Science and ICT took the lead, the situation for large corporations also changed.

There was talk that they too should join forces.

Oseong Electronics also raised the white flag at this meeting. Even though Oseong Electronics wanted to take over everything, it was due to the government’s principle of excluding large corporations.

However, Chairman Choi Yong-wook was uncomfortable with the Oculus project, which even Chairman Kim Sang-goo expressed his desire for.

“But the situation has changed. It’s obvious that there’s money to be made. Do you think those greedy big companies will back down easily?”

“Of course, it won’t be easy to give up. But government policies won’t change easily. If we continue to lobby for that, it’s not impossible.”

“her.”

Chairman Choi Yong-wook also looked over the report several times with a frustrated expression before looking at Deacon Chae Yun-jip.

Even Deacon Chae Yun-jip, who usually did not show his emotions, read the report carefully. He also remembered Chairman Kim Sang-gu’s behavior at the last meeting.

“This is something we absolutely must do.”

Chairman Choi Yong-wook had a hard time shaking off Chairman Kim Sang-goo’s investment proposal. He thought that backing off would be a better option.

There was just a problem. I still haven’t figured out what my grandson, Choi Min-hyeok, did.

‘How involved was that guy Minhyuk in this project?’

“Yeah, I know. Things are different now. But there’s just too much competition.”

“But it is not easy for large corporations to lobby no matter how much they do because of government principles. In that case, it is a better opportunity for KM Group like us.”

“DL Group said something similar?”

Director Jang Seung-il was not surprised. A mid-sized company cannot pretend not to know about this.

“Yes? Is the DL Group also interested in this matter?”

“Chairman Kim Sang-gu said that he had made up his mind. DL Information and Communications is in an emergency situation because of this incident. The group’s planning and coordination office is determined to focus on this incident.”

“Chairman Kim Sang-gu… … .”

Director Jang Seung-il also expected that the DL Group would show interest, but he was surprised to hear for the first time that Chairman Kim Sang-gu was reviewing this project. This was not something that would happen.

However, I glanced at Chairman Choi Yong-wook as I recalled that DL Information and Communications was making large-scale investments in the telecommunications network business.

Chairman Choi Yong-wook’s attitude was too passive.

“… Are you thinking of giving up this business?”

Chairman Choi Yong-wook would have also been active if he had been involved in this matter from the beginning. However, he did not want to get involved in the trouble now.

“If I could, why would I say such a thing? But Director Jang, do you think our KM Group can fight and win against Chairman Kim Sang-gu? No, it’s not just him who’s the problem. Large corporations, including Oseong Electronics, will also lobby in all directions. Do you think you can compete with them?”

There was no one who would not put a spoon on the fully prepared table.

“… It probably won’t be easy.”

Director Jang Seung-il also did not insist unilaterally. He also knew well the DL Group’s ability to raise funds. He even knew that it was the DL Group that incited Executive Director Choi Hoon-yeol in the management dispute at KM Electronics.

Chairman Choi Yong-wook also sighed as if he was disappointed and licked his lips.

“Who would have thought that ETRI would produce something like this?”

ETRI’s Oculus project was a shock to both of them.

Chairman Choi Yong-wook was not yet sure to what extent Director Choi Min-hyeok was involved in this matter, based only on what he found out through Deacon Chae Yun-jip.

“Because of the staff reception, many people are asking me about this matter. Min-hyeok, this guy is said to be deeply involved in this matter.”

“That is not wrong. He has already received ministerial treatment. We are investigating that part again, but we have not been able to find out anything yet.”

Fortunately, Director Jang Seung-il was well aware of Choi Min-hyeok’s activities after becoming director.

“However, considering the relationship between Professor Lee Dong-ho and Professor Song Han-seong, they would have invested separately.”

Chairman Choi Yong-wook also expressed his expectations again after hearing Director Jang Seung-il’s story.

“No, Minhyuk, if it’s a business that that guy pushed for, then you can just go ahead and do it confidently. Why are you hiding and holding that showcase?”

Director Jang Seung-il also smiled bitterly.

“I think it’s probably due to external pressure. You can tell just by looking at the current situation, but there must have been constant pressure.”

“Is that so?”

“Professor Song Han-seong’s lab is in chaos right now because there are so many people visiting. I can’t even make phone calls.”

It didn’t end with a simple phone call. The lobbying, which mobilized all of the connections at Korea University, was so suffocating that Professor Song Han-seong was left breathless. Thanks to this, Professor Song Han-seong gave the entire research team a vacation for the whole week.

Director Jang Seung-il explained the current situation surrounding Professor Song Han-seong and Professor Lee Dong-ho one by one based on his investigation and inferences.

Even if Choi Min-hyeok was involved in this incident, it would be difficult for anyone to understand it when looking at Professor Song Han-seong’s actions.

What Choi Min-hyeok wanted in the first place was to prevent attention from being focused on MP3.