The God of Coding, Becoming an IT Conglomerate

57. their family affairs

On the way home with Miru.

Hoyoung recalled the conversation with Jo Jungsik a while ago and spoke in a low voice.

“Gaia, was it recorded properly?”

Jiing-

Ho-yeong thought that there might be some information he missed, so he should go home and listen to the recording again.

‘You may not have completely trusted me. Are you sure you’re following me? I’ll have to be careful for the time being.’

Hoyoung looked down at the blueprints for the printer in his hand.

The design of the printer, which is both proof of trust and a test he gives.

However, Hoyeong did not let down her guard.

It was enough to be beaten by the capricious and careless chaebol once.

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Jo Hee-chang’s day is very simple.

Wake up at 5:30 every morning and do morning exercise for an hour.

Then wash your body and have breakfast at 7:00.

When eating breakfast, what he values most is that the whole family should be together.

“Everyone has come down. Let’s go.”

Before Cho Hee-chang sat down at the table, his wife and children were all sitting at the table.

That was the rule of this house.

While eating, Cho Hee-chang talked to his children who were already occupying a position in his company.

For them, breakfast time was like group meeting time.

“Yeah, the youngest. Did you say that white goods in the quarter increased a lot?”

“yes. father. The strategy of targeting newlyweds in line with the recent rapid rise in marriage rates worked well. Refrigerators, washing machines and VTRs contributed significantly to our revenue this quarter.”

“Good job. What about the PC business?”

“Currently, IBM’s supply is sufficient. It is said that the Japanese factory will send as much as we need at any time.”

Due to the ever-increasing demand for PCs, Myungsung Electronics was also accelerating its PC sales.

Although it is at the level of importing IBM’s PC and changing the tag.

“Dad, may I ask if you have thought about restarting the research and development of PC production that I mentioned earlier…?”

“Hmm…”

Jo Hee-chang’s wrinkles deepened slightly.

“Are you sure you can do it this time?”

“Believe me!”

Jo Nam-sik bowed his head.

The PC market in Korea was growing day by day.

Currently, Myungsung is also selling under the name of ‘Myungsung IBM Computer’, but in the end, most of the profits were a business that did not make money going back to IBM.

“Yes, make sure! Is this your own development? Or did they give you the technology somewhere else?”

IBM suffered a significant loss in the education PC distribution business last year.

Perhaps that is why the transfer of technology to Myeongseong Electronics has become a story that has never existed.

“Some technologies will be handled by paying patent royalties, and core semiconductor technologies will try their own technology. Now, the defect rate of Myungsung Electronics’ DRAM is also being controlled.”

“okay. well thought out It cannot be our strength forever if we bring it from the outside.”

“Thank you for trusting me!”

Jo Hee-chang looked at Jo Nam-sik, who was bowing down on a clam, with satisfaction.

Sometimes he shows an excessive appearance, but he was the son who resembled himself the most among his children.

“father. I have something to tell you.”

“okay. Speak.”

Cho Hee-chang had no choice but to turn his eyes away from Cho Nam-sik at Jo Jung-sik’s call.

“I am planning to create an IT team as a department for my position in Mulsan.”

“IT team? It is already in the former, so why are you making it again?”

Cho Jung-sik briefly explained why he wanted to create a separate IT team.

“But don’t you mean that you have to double the labor cost in the end?”

“yes. That’s right.”

“Then quit.”

“I still want to do it.”

“What?”

“In the future, the information and communication field will develop remarkably, and in particular, research and development of software for various electronic devices is no longer an option, but a necessity.”

Jo Hee-chang looked at his eldest son with slightly surprised eyes.

It was not uncommon for the eldest son to express his opinion like this.

“In the future, good software will be one of the biggest determinants of quality. I thought that if the team I would create and Myungsung Electronics’ IT team compete with each other to produce good software, it would eventually help our company increase sales.”

Jo Jung-sik gently put down the chopsticks he was holding and continued.

“Other fields are not easy to compete with. You can’t build new production facilities, and you can’t buy all new equipment. But IT is different. IT is the minimum conditions and people. I mentioned the IT team because it can be established with people.”

Everyone at the table was unable to move their spoons from which they had already eaten.

Jo Hee-chang looked at Jo Jung-sik for a while and then said as if he was happy.

“okay. then try it Pick the best talent you can. I will provide more funds if needed.”

“thank you. father!”

“only. If there is no performance for a year, the team you created will be absorbed into the former IT team.”

“Yep. One year is enough. Thank you for the opportunity.”

Jo Hee-chang felt good.

The image of the eldest son, who was greedy but always weak, was the one he liked the most that he had ever seen.

‘Have you finally made up your mind to try it?’

Jo Hee-chang deliberately gave more attention and love to the youngest.

This is because Jo Jung-sik wanted to show this fighting spirit even though he was blinded by jealousy.

However, Jo Jung-sik was disappointed with his eldest son, who became more and more passive, afraid that even what he had now might be taken away, just as people’s minds are not at their will.

He thought his youngest son was the only one who would succeed him…

“what are you doing? not carrying it.”

Jo Hee-chang happily scooped up a spoonful of rice.

However, unlike his pleasant expression, Jo Nam-shik’s expression was crumpled as if he had chewed beef.

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After a while. Cho Nam-sik blocked Jo Jung-sik from going up to the second floor.

“Move. I need to get ready for work.”

“What is your intention?”

“Your intention?”

“What is the intention of creating an IT team?”

“Did you not hear? I will make better software and increase sales to companies.”

“under! Do you believe in such textbook words?”

Jo Jung-sik looked at his younger brother and smiled.

“Then what other reasons could there be?”

“Aren’t you trying to grab my ankle?”

“I? your ankle?”

“no?”

Cho Jung-shik patted Jo Nam-shik on the shoulder.

“Think what you like. get out of the way anyway I have to go to work.”

Jo Nam-sik had an expression that he couldn’t understand, but he had no choice but to get out of the stairs because he had to get ready for work.

“Why did people suddenly change so much?”

Jo Jung-sik went up to the second floor, and Jo Nam-sik was dumbfounded, but soon smiled.

“If you challenge it, you just have to break it.”

Cho Nam-sik has been through many challenges so far.

He never shied away from those challenges, and the result was always a sweeping victory.

“If you do this far, I will raise my hand now.”

Cho Nam-shik did not imagine his defeat even to the slightest detail.

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Hoyoung, who returned to H&H, actually did not pay much attention to the test Jo Jung-sik gave.

‘It’s a piece of cake to make software for a printer that’s only for 16bit.’

As he thought, if Hoyoung put his mind to it, it could have been done in less than a day.

Hoyoung picked up the receiver and made a call.

“Eric! Are you back from vacation?”

– boss. It’s been a while. Thanks to you, it went well. Thank you very much for taking care of the holiday expenses separately.

“All you have to do is work hard at H&H America.”

– ha ha ha! I’m already afraid of how much work you’re going to do.

Eric, who resigned from Goldman Sachs, took a long vacation of over two weeks thanks to Hoyoung’s consideration.

“You don’t have to worry too much about that. By the way… Shall we start working right away?”

– Gosh, that’s just the beginning.

“What is the total amount of Dell stock I own right now?”

– Because it is Dell stock… You have to calculate it accurately to know it, but it is possible to roughly calculate it.

“Approximately how much?”

– Currently, Dell Computer’s market cap is about $9 billion. Among them, the proportion of bosses is 38%. Wow. $3.42 billion.

“It’s amazing.”

3.4 billion dollars was a huge amount of money, roughly equivalent to 3 trillion won at the current exchange rate.

“Then, please dispose of only 1 out of 10 of the amount you have. There is a priority acquisition agreement with Dell at twice the market price. First, ask him if he is willing to live.”

– You mean now? It’s still premature. I think Dell Computer’s stock will skyrocket even more.

“It is well known.”

– But why…?

Eric’s question was natural.

Even though it’s 10%, Hoyeong was trying to cut the belly of the goose that picks up the golden eggs.

“And with that amount, please purchase ‘Myungsung Electronics’ shares in Korea.”

– Are you investing in the KOSPI?

“no. Please buy Myeongseong Electronics only slowly enough that the market price does not fluctuate.”

The current stock of Myungsung Electronics was only about 10,000 won a week, and the market capitalization was only 1.5 trillion won.

– It takes a long time to buy without affecting the market price. Are you okay?

“yes. It’s not a stock to buy and accumulate after seeing one or two years right away.”

– All right. Then, I will contact Dell to see if they are interested in purchasing 3.8% of Dell’s stock first.

“thank you.”

Hoyoung couldn’t just trust Jo Jungsik.

He was also in the process of laying the groundwork to attack Myungsung Electronics.

As the first basis, I thought of collecting shares of Myeongseong Electronics.

“However, I don’t know how much of an impact you can have by buying stocks that have been released on the market.”

Hoyoung thought about the governance structure of fame.

The governance structure, which was solidified by circular investment and cross-investment between companies, was like an impregnable castle that was not easily pierced.

“However, from now on, it is a step-by-step strategy. Gaia. Show me the stock price trend of Myungsung Electronics for the next 7 years.”

Hoyoung started planning his future by looking at the chart Gaia had given him.

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While Hoyoung was preoccupied with planning his future in Korea, Lee Jinchan was in the middle of talking about a contract with Smith.

“I understand the content well. Mr Smith. I don’t know much about contracts or the law, but I think it’s really reasonable.”

“haha! you’re right. Isn’t it said that America is a country of rationality?”

Lee Jin-chan laughed at Smith’s joke.

“yes. But may I ask you one thing?”

“Please speak.”

“What kind of company is Gaia Investment?”

Lee Jin-chan looked really curious.

When I first set up Hangeul and People with the members of the computer research club, I received an investment of 1 billion won from Gaia Investment.

And he is even the actual owner of this US branch.

“You have invested in us twice, and I have never met Gaia’s staff, let alone the owner. I should at least say thank you.”

Smith requested that Hoyoung not know that Gaia Investment was owned by him.

It was Hoyoung’s judgment that it would be difficult to run the company together on an equal footing once he found out that Hoyoung was the owner of Gaia.

“If you can talk to the staff, you can talk to me.”

“yes?”

“I am moving to the H&H US branch from next month.”

“Is that true?”

“yes. The representative of Gaia Investment scouted me because I thought it would be advantageous for me to belong to H&H in order to facilitate the ongoing patent lawsuit and more lawsuits to come.”

“Then, it’s okay to say we’re part of the family now, right?”

“Yes.”

Smith smiled as if he felt strange at the word family.

“I think the CEO of Gaia Investment will step forward when the time comes.”

“All right. What is important to me is not who the CEO of Gaia Investment is, but what to do with the money flowing in now.”

“you’re right. You only say the right things.”

Smith nodded.

‘Are Koreans generally capable and smart? Or is it someone around Hoyeong…?’

To be honest, Smith was a bit surprised when he met Lee Jin-chan.

His English skills are rough, but there was something that broke through.

‘Hoyoung said that there are countless young people like this. It’s good that you decided to join H&H.’

Smith’s smile was a genuine one.