The God of Coding, Becoming an IT Conglomerate

43. ADSL(1)

the next afternoon.

After finishing the contract with the advertising company, Lee Jin-chan ate lunch and took a taxi.

As Hoyoung asked, he headed to Bellcore and thought of Hoyoung.

‘Whoops. Why do people follow what Hoyeong says?’

He is younger than himself and has a higher rank in the company.

Because Lee Jin-chan is the CEO.

‘But strangely enough, I don’t feel bad.’

He did not feel any objection as he fulfilled Hoyeong’s request, which was almost like giving him instructions.

He always thought that if he followed Hoyoung’s words, good results followed, so it might have been a kind of learning, but he just laughed and forgot about it.

Actually, that was pretty good.

The important thing was that the awareness of H&H and Kronos was growing to some extent in New York.

Gradually, around the people who participated in ECEC, Cronus was getting more and more word of mouth.

‘If we send a Chronos advertisement to Times Square’s billboard, the ripple effect will be enormous.’

He remained in the United States and discussed two things.

The first was a request for the production of advertisements by Cronos, and the second was an advertisement for a Times Square billboard.

Jin-chan had no doubts that if the ad in Times Square went up, the sales volume of Chronos would skyrocket.

“Im here.”

Lee Jin-chan, who stopped thinking at the interpreter’s words, lowered his head into the taxi.

[Bellcore]

Bellcore was established in 1984 as a telecommunications research institute that researched communication information-related technologies such as network technology as well as development of devices and facilities such as switchboards.

As soon as I opened the front door and entered, Jin-chan was greeted by a lobby staff and immediately escorted him to the meeting room.

“hello. I am Liam, the head of Bellcore.”

“My name is Lee Jin-chan, CEO of H&H.”

When Lee Jin-chan entered the conference room, a gray-haired man spoke to Lee Jin-chan.

He was a man with dark brown hair and beard giving a strong impression.

“I have been contacted extensively. Did you say you would like to purchase a patent for our ADSL technology?”

“you’re right.”

“What are you going to use it for? We perfected ADSL technology the year before, but we weren’t really using it.”

“Why is that? I thought it was a great skill.”

Liam smiled happily and said, as if Jinchan’s great skill was good.

“As you know, ADSL is an asymmetrical digital line. Because it is asymmetrical, the download speed is fast, but the upload speed is remarkably slow. We thought this ADSL technology would be suitable for the VOD market. With VOD services, you just need to receive the video and use it.”

Lee Jin-chan nodded.

Yesterday evening, Jin-chan listened to Ho-young for a rough explanation of ADSL, even while sleeping, and asked all the questions that came to his mind.

Although it was a field he was not familiar with, he thought that he had to have basic knowledge to be in the negotiating position.

Liam continued.

“In addition, this technology can be used anywhere as long as there is a copper wire that was previously used as a telephone line.”

“If commercialization is not yet successful, there must be some problems?”

At Lee Jin-chan’s question, Liam looked at Jin-chan with a little uneasiness.

Jin-chan realized the meaning of those eyes and gave a further explanation.

“As I said in advance, I have no change in my desire to purchase the patent. However, from a developer’s point of view, I want to hear why commercialization failed.”

“Hmm… you’re right. ADSL has two fatal weaknesses.”

“Two?”

“First, the initial cost is quite high when first servicing. ADSL is a technology that transmits data in a high frequency band on an existing telephone line, and repeaters are required to divide the frequency. That repeater is called DSLAM.”

“Are you having problems using DSLAM?”

“yes. You can think of DSLAM as a repeater installed in a telephone company to multiplex lines, but the cost of installing this DSLAM is enormous. We also own DSLAM’s patent. If you purchase ADSL’s patents, we will ensure that you can use DSLAM’s patents forever.”

Although Lee Jin-chan did not have professional knowledge, he could not understand everything clearly, but by analogy with Ho-young’s explanation and Liam’s words, he was drawing a picture in his head to some extent.

“Then what is the second drawback?”

“The greater the transmission distance, the greater the loss of data. This means that if the distance between the user and the telephone company is too great, the speed drops exponentially.”

“That’s how in-between phone offices… No, at least switchboards should be installed here and there.”

“Exactly.”

Lee Jin-chan recalled what Ho-young had said for a moment.

Ho-young had asked him to purchase a patent for ADSL no matter what its shortcomings.

Jin-chan recalled Ho-yeong’s request and put on a firm expression.

“Thank you for the explanation. By the way, how about we sell DSLAM’s patents together, not for permanent use?”

“Unfortunately, we do not sell DSLAM’s patents. This is because distribution technology is the key to the next-generation high-speed communication technology we are researching.”

“Sorry. If so, there is nothing you can do.

“In fact, we developed this technology to apply it to VOD service. However, in a situation where people’s demand for VOD service was not high, there was no place to introduce ADSL until expensive repeaters were installed.”

“Thanks to you, we can buy it. How much do you think the price of a patent right is?”

When Jinchan asked the price, Liam’s expression looked relieved.

Bellcore already judged that ADSL was an obsolete technology.

As a scholar, I explained the shortcomings to Jin-chan, but there was anxiety about what to do if I couldn’t sell it.

Nevertheless, he never wanted to hand over the patent at a bargain price.

“ADSL is a technology that has been very difficult to develop. The price may be higher than you think. In addition, we will give you the right to use DSLAM’s patent, so please tell us the price you have in mind considering that.”

“Hmm… then I’ll give you five million dollars.”

As soon as Liam finished speaking, Jinchan said confidently.

Jinchan did not miss the slight movement of Liam’s eyebrows and captured them.

“Five million dollars…. The price is a bit different from what I thought.”

“Six million dollars. It is difficult any longer.”

Liam thought for a moment, then shook his head.

“Write a little more. $6.5 million. I won’t want more than that.”

This time, Lee Jin-chan was lost in thought.

No, I pretended to be lost in thought.

In fact, Hoyoung commented that ADSL is a technology worth paying 10 million dollars for.

The reason for pretending to think without immediately agreeing was to make it a deal that Liam would not regret.

Jin-chan’s negotiating skills were at a high level.

“All right. I will buy it for $6.5 million.”

Liam’s expression brightened when Lee Jin-chan, who had been quiet for a while, spoke.

6.5 million dollars was actually not that big of money from Bellcore’s point of view, but it was a situation where a new technology that was being researched recently required a huge amount of research funds, so it was gathering capital here and there.

Now, $6.5 million feels like rain in a drought.

“Thank you for your understanding.”

“no. We are very happy to have good technology available to us as well.”

Liam immediately called his secretary to get the contract.

Jin-chan was also very satisfied with signing the contract right away.

This is because there is no need to delay the flight back to Korea if all the work is done within today.

Liam also called Bellcore’s exclusive lawyer into the conference room to proceed with the contract.

Lee Jin-chan and Liam wrote the contract by matching each other’s opinions.

After a while.

If all opinions were coordinated and Lee Jin-chan signed the contract, all stages would be completed.

“ruler. So if you sign here, the contract is complete, right?”

“yes. you’re right.”

The moment Jinchan Lee reached out to sign the contract, someone suddenly opened the door to the meeting room and came in and shouted out loud.

“Please wait!”

Lee Jin-chan turned his head and looked at the source of the sound.

The person entering the conference room was a blonde, white man.

He looked like he was in his late 30s and had a skinny body, but his eyes were burning.

“Mason! What are you doing here?”

“Chief. Is it true that you are currently negotiating the sale of the ADSL patent rights?”

“What a rude act in front of guests!”

Despite Liam’s scolding, Mason walked over to the table and checked the contract.

“Are you passing it for only $6.5 million?”

Lee Jin-chan was looking at Liam, not knowing what the situation was.

Liam said to Jin-chan with a troubled expression, perhaps feeling Lee Jin-chan’s gaze.

“sorry. He is our researcher, and he was the head of the ADSL study. You seem to be ashamed of yourself because you have a strong attachment to your research. I ask for your understanding.”

“no. it’s okay.”

“Liam! It’s not just an attachment to the technology I created. ADSL is a technology that will make $6.5 million in a few years seem ridiculous. It is not a technology to be sold just because it is not being used now!”

“Stop Mason. The negotiations are already over.”

At Liam’s firm words, Mason sighed heavily.

Lee Jin-chan couldn’t do anything between them and only held a pen.

“Mr. Lee. Please sign.”

At Liam’s urging, Lee Jin-chan waited for a while before signing the contract.

“Thank you for your quick decision.”

“no. That person…”

When Lee Jin-chan glanced at Mason, who was standing with a serious expression, Liam replied with a troubled smile.

“You don’t have to worry about it. It’s because I can talk well.”

“All right. Then I will get up.”

“yes. Enter carefully. We will send all relevant materials and important reference materials separately.”

“thank you.”

Lee Jin-chan nodded and left the conference room.

As soon as the conference room door was closed, he heard Liam and Mason talking loudly, but Jin-chan didn’t care because it was inside Bellcore anyway.

“Could you please call me a taxi?”

“yes. Please wait a moment.”

Jin-chan asked the desk clerk and waited for a taxi.

‘The taxis in New York are late again today.’

Jin-chan calmed down while waiting for a taxi.

I must have safely purchased ADSL, and now, after resting for the day, when I return to Korea tomorrow, it was finally the end of my schedule in the United States.

“Mr. Lee? Are you right?”

At that time, someone spoke to Jin-chan, who was waiting for a taxi.

“you’re right. Um… Mason?”

The person who called Jinchan was Mason, who had been arguing with Liam a while ago.

“I’m really sorry for my rudeness earlier.”

“no. I fully understand.”

Jin-chan could really understand Mason.

He is said to be in charge of the front line of management now, but he was also a developer at the root.

He was unaware of his love for his creations.

“Can I ask you a few questions? Are you purchasing ADSL with the intention of how you will use it?”

Jin-chan pondered for a moment whether he should answer Mason’s words, and finally decided to tell him.

I had to wait for a taxi to come anyway.

“I don’t know if you know, but I’m from Korea. Currently, the network business is being promoted at the national level in Korea. So we bought a patent to bring about a communication revolution throughout Korea through ADSL.”

Lee Jin-chan said what Ho-yeong had explained to him.

Upon hearing his words, Mason looked a little surprised.

“Republic of Korea! It is the country where the 1988 Olympics were held. Mr. Does Lee mean that ADSL can be implemented at a national level?”

“Nothing is fixed. However, we have no doubt that it will happen soon. The first step towards that was purchasing the patent.”

“Hmm···”

Mason pondered for a moment before opening his mouth again.

“Then, are there many experts in the telecommunications field in Korea?”

“Korea is a developing country. And there are a lot of great people. If not immediately, we will be able to develop telecommunications experts in the near future.”

“Without telecommunications experts, initial commercialization will be very difficult.”

At Mason’s concern, Lee Jin-chan said with a slight smile.

“Currently, Korea’s telecommunications network is almost non-existent except for telephone lines. Having nothing means that nothing could be better to start something with. I think it will be easier for Korea to introduce ADSL than the United States, which is already dominated by other communication methods.”

“If the network business is just getting started, it definitely could be.”

“yes. In addition, if the infrastructure develops and communication training is prepared step by step, I am sure that ADSL will be able to successfully settle down.”

Mason felt something boiling inside Lee Jin-chan’s answer.

I feel like I have regained the passion I had when I first started researching.

He was a person who wanted to see the commercialization of ADSL more than anyone else in the world.

A few years ago, ADSL, which had been successfully developed after a lot of hard work, was saddened by people gradually forgetting about it.

“A little while ago, Liam… I mean, in a conversation with the head of the research institute, I also thought that I shouldn’t be here.”

“yes?”

“It is true that Liam is a competent warden. However, he gives up too much of the future for immediate efficiency. There are not just one or two patents that have been sold because they do not make money right away like ADSL.”

“okay.”

Lee Jin-chan nodded to Mason’s words and agreed with him.

“So I decided a little while ago. To come out of Bellcore.”

“Oops. Is that so?”

“yes. That’s why, early on, I decided to dedicate my all to high-speed communication while developing ADSL.”

“You are amazing.”

“Commercialization of ADSL in Korea will require tremendous technology, effort, and numerous experts. So, please hire me. I want to contribute my skills to the commercialization of ADSL.”

Lee Jin-chan, who nodded his head and listened to Mason’s words, couldn’t help but be surprised to hear Mason’s words.

However, he quickly responded with a smile on his face.

“Hmm… I guess it’s going to be a long story to talk about in a place like this. How about a cup of coffee at the cafe?”

“good!”

Jin-chan thought he might have to cancel the taxi.