The Magician’s Memorial - Chapter 249



Only Noblemtl

249. New genre (3)

Crowdfunding.

It meant the act of receiving investment from many people, and was a new type of funding that was first conceptualized only in 2005.

It was a concept that might be unfamiliar to even IT experts.

Cheon Min-jeong got straight to the point even though I only explained it briefly.

“It is possible to make it. If you combine the P2P system and the existing fund system, you can make it in as little as a week.”

“As expected, I thought so. We also need to review legal issues, so I’ll send the legal team to Team Leader Cheon Min-jeong’s office.”

“But I think it would be a waste to only use it for elections. I think it would be good to introduce a crowdfunding system to the IT industry. It would be especially helpful to small and medium-sized game companies. Of course, we would have to make the system a little different from the election fund.”

“First, create a campaign fund method and also create a crowdfunding system for small and medium-sized IT companies.”

The crowdfunding market was by no means a small market.

Even after just 10 years, the crowdfunding market grew to a size close to 20 trillion won.

Of course, it was not a large market for the Taewoo Group to directly intervene in, so we planned to have a part of the shares managed elsewhere.

“Ah! Since it is a fund method, we also need help from a Taewoo Securities fund expert.”

“I’ll send it to you later today. If you need anything else, please let me know.”

“I don’t need anything, but I have one thing to report to you. Although it is called autonomous driving, we have developed technology that makes remote control possible to some extent.”

Remote control could be seen as the first step toward autonomous driving.

Like a toy RC car, a person had to be able to control the vehicle from the outside in order to advance to the next level of autonomous driving.

“How accurate is the remote control?”

“In places where communication is smooth, it is possible to drive with the same accuracy as driving in a car. However, if communication is interrupted, a major accident may occur, so it is still difficult to commercialize it.”

“It means that commercialization is possible if there are no communication problems.”

“Actually, it can be used in most places. But the problem is that if an accident occurs, we have to take full responsibility.”

There were countless variables on the road.

Remote control or autonomous driving systems could only be introduced if a system capable of responding to such many variables was in place.

“We need a system that can prevent accidents.”

“So we are developing an emergency braking system and a crisis detection system. The emergency braking system can be developed within this year.”

“It would be great to apply it to new cars from Taewoo Motors and Kai Motors. It could prevent accidents even in situations such as drowsy driving.”

“If there is a driver on board, there doesn’t seem to be any problem with applying the emergency braking system.”

“Please tell me when the prototype is completed. I will have to discuss it with experts from Taewoo Motors and Kai Motors.”

“We can create a prototype as early as next month. First, we will create and proceed with the election fund system.”

Cheon Min-jeong smiled brightly and took the materials and went outside.

Although I am constantly giving her work, she has never once been bothered by the work I give her.

Rather, it was her that I liked.

Excellent ability and sincerity.

From the perspective of a company CEO, how could he dislike a talented person like Cheon Min-jeong?

* * *

Taewo-Kai Automotive Driving Center in December 2005.

Taewoo Motors and Kai Motors joined hands to create Korea’s first driving center.

It has not been released to the public yet, and was only being used to test Taewoo-Kai Motors’ new car.

“Thank you everyone for coming out despite the cold weather. We brought you here to demonstrate the technology created at Taewoo Artificial Intelligence Center.”

“Thank you so much for giving me the opportunity to attend this event.”

It was a gathering of executives from both Taewoo Motors and Kai Motors.

A noisy atmosphere was created as not only the president but also most people above the team leader level attended.

And an unexpected war of nerves was taking place.

Although they are part of the Taewo Group, Taewo Motors and Kai Motors were close competitors.

Knowingly or unknowingly, the two companies were engaged in a war of nerves, considering not only car performance but also sales volume.

Therefore, the people from Taewoo Motors were gathered to my left, and the people from Kai Motors were gathered to my right without mixing.

“Team leader Cheon Min-jeong, the person in charge of this project, will continue the explanation. Please come forward.”

The short Cheon Min-jeong came forward, chubby.

She stood on the podium and explained the contents of today’s demonstration.

“The project to be demonstrated today is a collision prevention system. It is a system that detects dangerous situations, provides sudden braking warnings, and even allows for actual sudden braking. It is a system that is superior to existing emergency braking systems developed by other companies. The explanation will continue after the demonstration. “I will.”

Cheon Min-jeong raised her hand and gave a signal.

Everyone turned their heads towards the driving center.

Buuuuuu! 10 cars starting at the same time.

These were vehicles driving at a speed of less than 30 km/h to show city driving conditions.

A vehicle ahead suddenly changed lanes and attempted to cut in.

At that moment, squeak! The vehicle following suddenly applied its brakes and barely managed to stop before the collision.

“For your information, in this demonstration, the driver does not apply the brakes. A collision avoidance system installed inside the vehicle is used to enable sudden braking.”

It didn’t end here.

Collision avoidance warning experiments, forward collision prevention in highway situations, and collision prevention in left and right situations.

The demonstration lasted for over an hour.

As soon as the demonstration ended, Taewoo-Kai Motors executives applauded and shouted.

“It absolutely has to be introduced in this new car! The target group for this new car is customers who want top-of-the-line specifications, and this is the option that those customers want the most!”

“This is a necessary option for the trucks launched by Taewoo Motors this time. It must be installed as a mandatory option on trucks where drowsy driving accidents frequently occur. Even if it is a top-of-the-line vehicle, can it be compared to the price of a truck?”

Taewoo Motors and Kai Motors executives opened their mouths almost simultaneously.

They were trying to secure an emergency braking system, like a carriage race.

Why are you doing this?

Anyway, both Taewoo Motors and Kai Motors were part of the Taewoo Group.

If the technology is created by the artificial intelligence center under the Taewo Group, both companies can use it.

“We will allow both Taewoo Motors and Kai Motors to use the emergency braking system. It’s good to compete with each other. I hope you don’t forget that both companies are part of the Taewoo Group.”

[sorry.]

Only then did the executives come to their senses and bowed their heads.

Their actions didn’t seem all bad.

It also meant that the technology created by Cheon Min-jeong was great enough to make them excited.

“The Artificial Intelligence Center will continue to develop various systems. We plan to hold demonstrations each time, so each company can think about how to apply it to each vehicle model. Now, we will have a question and answer session about the emergency braking system. Team leader Cheon Min-jeong, please. give.”

Rumble!

All executives gathered in front of team leader Cheon Min-jeong.

Like baby birds hoping for food, they were trying to get information about the emergency braking system from Cheon Min-jeong.

* * *

Before we knew it, 2005 had passed and 2006 had arrived.

Compared to other years, 2005 was quiet and smooth.

However, this was the calm before the storm, and from 2006 onwards, I could not relax because I knew that a strong storm was about to hit.

The new year of 2006 also started with a busy schedule.

A CEO meeting was convened to report on the situation of each affiliate and provide feedback.

I spent January like that, and at the beginning of February, I met with Representative Choi Jae-seok.

“We have completed the election fund system. We have prepared the election fund system for use as soon as the National Economy Party’s nomination process is completed.”

“Thank you very much. They say that in Korea, nomination is more difficult than winning an election. As the National Economy Party grows, the more noise there is in the nomination process, it is a pain in the ass.”

Nomination was very important in Korean politics.

This is because if you run for election as a member of a large political party, you can receive at least 10% more votes.

Although the National Economy Party did not have as many supporters as the large political parties, it had a large supporter base, so the number of politicians who wanted to run for election as a member of the National Economy Party was significant.

“Still, I understand that the nomination process went smoothly compared to the major political parties.”

“I think such a story came about because the reception of money or valuables was completely prohibited. There are so many city council members and district council members that there are cases where money is exchanged without one’s knowledge.”

“Isn’t it because Rep. Choi threatened to expel all politicians who gave or received bribes from the National Economy Party?”

“I had no choice but to emphasize it because the moment the issue of the plutocracy election arose, the image of the National Economy Party disappeared like a bubble.”

It was thanks to ‘difference’ that the National Economy Party was able to rise to its current position.

They were able to secure many supporters because they drew a line against the chronic problems of existing large political parties.

Therefore, higher morality was required than that of large political parties.

The National Economy Party had no choice but to conduct a thorough nomination process.

“Thanks to Rep. Choi’s hard work, the National Economy Party was able to run for local council members not only in Gyeonggi Province but also across the country.”

“Having a large number of candidates is not necessarily a good thing. It is difficult to plan an election campaign because we do not know how much money we will be able to raise through campaign funds.”

“You will be able to secure more funds than you think.”

“If that happens, I really have no wish.”

Rep. Choi Jae-seok was unsure about election funds.

The closer the local elections came, the more gaunt his face became due to financial pressure.

I decided to tell him a slightly hopeful story.

“We have prepared a server that can handle 300,000 concurrent users.”

“Isn’t it too much? It’s like a server at the level of a large portal site.”

“I am confident that many people will invest in election funds.”

“When the vice president says that, I feel a lot lighter. But there is one more problem. Not all regions can receive compensation for election funds. I don’t know if the party’s funds can cover all of those expenses.”

The National Economy Party sends candidates across the country.

Because that meant running a candidate even in the stronghold of a major political party, it was possible to receive votes that would be impossible to compensate for costs.

“Don’t worry about that. Taewo Group has methods of campaigning that large political parties cannot. We will make sure that all candidates receive enough votes to compensate for their election expenses.”

“Is there a way to do that?”

“This local election will be recorded as an election in which SNS campaigning begins to be used in earnest.”

The number of SNS users was increasing significantly.

I had the authority to control Korea’s No. 1 SNS.