The God of Coding, Becoming an IT Conglomerate

58. landing operation?

– boss. Dell said it would take over the stock.

“It saved me a lot of trouble.”

– yes. Dell seemed pleased to be able to further consolidate its management.

“I guess so. Because he is greedy for his business.”

– yes. Exceeded 3.8%, which doubles the market value to about $700 million. Boss’s stake in Dell Computer is now 34.2%.”

“thanks. With $400 million out of $700 million, please buy Myungsung Electronics shares I mentioned the other day.”

– All right. So what about the remaining $300 million?

“Save $150 million for now. In the future, there will be other things that will cost money. And with the remaining $150 million, shall we look at Eric’s skills?”

Eric didn’t understand what Hoyoung said, but soon realized what Hoyoung wanted to say.

– this. You don’t want to make me play, do you? You mean to roll $150 million, right?

“ha ha ha. you’re right. You don’t have to be too pushy to try to extract returns.

– You said you look at my skills, but you can’t do it roughly. I’ll try my best.

“All right. Then keep in touch as soon as things are going.”

– All right. boss.

Hoyoung hung up the phone and smiled.

As Eric had quite a long career in the world’s best investment company, I thought it would be okay to entrust him with some investment.

Beep-

“Chief. Did you not hear from the bus that went to the airport?”

– About 15 minutes ago, I got a call from the airport that I was leaving. I think it will be enough to get here in about 30 minutes.

“All right. thank you.”

Hoyoung worked happily and waited for the people who were supposed to come from the airport.

30 minutes later.

His intercom rang.

– Director. We arrived at the first floor.

“All right. I will go down now.”

Hoyeong, who went down to the first floor in a month, was able to find several foreigners looking around the inside of the first floor of the office building.

“You worked really hard to come this far.”

“no. Maybe… Hoyoung?”

“you’re right. I am Yun Ho-young. Mr. Mason?”

“yes. Nice to meet you!”

The people who arrived at H&H today were researchers who were studying ADSL at Bellcore Labs in the US.

It was only now that the issue of leaving Bellcore and the visa issue in Korea had been resolved, and he had moved to Korea.

“Unfortunately, our CEO, Jinchan Lee, whom we met last time, is currently in the United States. So instead, I came to greet you.”

“I have also been contacted in advance. The representative said that someone who can speak English well at the level of a native speaker would welcome me. If I hadn’t heard of that, I would of course have thought that I was a Korean.”

Everyone laughed at Mason’s joke.

‘He has a good personality, and his hair looks good. And the fact that he came all the way to Korea to show off his skills means that he has excellent determination.’

Hoyoung liked Mason’s first impression.

I knew that Lee Jin-chan’s eyes for people weren’t bad, but I was a bit uneasy until I met him in person.

But now I feel a lot more at ease.

“ruler. come this way There is a separate lab for our ADSL team.”

The ADSL team came to use the large space on the 4th floor.

ADSL team members opened their mouths at the sight of new desks and the latest computers installed in every seat in a clean and spacious space.

“If you have any equipment you need or have any inconveniences, please feel free to let us know. We will always provide the best environment for your research.”

“Thank you very much. It seems to be worthwhile to have flown all the way to Korea.”

“Shouldn’t the rewards of coming all the way to Korea be paid off as achievements from now on? Please let me know if you need additional staff.”

“yes. Thank you very much.”

Ho-young, who decided to talk with the ADSL team again later, left the company.

Coincidentally, today I had a lunch appointment with Korea Telecom Vice President Kim Gun-seok.

In less than 10 minutes, Hoyoung was able to arrive at a Korean restaurant in Gangnam, not far from the office.

When he arrived, the food was just being laid out.

“Welcome. I was very hungry, so I asked for food first. The timing was just right.”

“it’s okay. I like it when the food is right there.”

Hoyeong sat down in front of Kim Geonseok and waited for a while before the food was all served.

Kim Gun-seok ordered soju as he was accustomed to and began to eat.

“In case you’re curious, let me tell you first, the ADSL phone line rental business has passed.”

“Thank you for your hard work.”

Hoyoung bowed his head calmly, but clenched his fists tightly.

“By the way, how are you going to set your rate plan? To take us as an example, we currently charge 20 won per 3 minutes for PC communication, but senior citizens want to change this plan a little.”

“How do you mean?”

“If the speed of PC communication increases, the amount of information exchanged will naturally increase.”

“you’re right.”

“So why not get pay-as-you-go rates for your data usage? We will take 15% of H&H’s sales.”

Hoyoung almost laughed because he was dumbfounded inside.

It was even strange that the only report on the possibility of ADSL immediately reminded me of the Internet volume-based system.

“sorry. The Internet rate plan I think is slightly different from what the vice president said.”

“Do you have a plan in mind?”

“yes. I am thinking of a flat fee.”

“Is it a flat rate?”

Kim Gun-seok had a puzzled look on his face.

“No, I don’t know much about this industry, so I’m afraid there are no telecommunications companies that use flat-rate rates. Substances have two drawbacks. The first is that the basic fee is too high and there are people who do not sign up at all, and the second is that a lot of traffic is generated when people use our lines freely. How are you going to handle that traffic?”

Hoyoung shook his head slowly.

“Pay-as-you-go plans can make a lot of money in the short run, but in the long run it will result in a drop in user numbers. However, a flat-rate fee that is not too burdensome for individuals will greatly increase the Internet penetration rate in Korea.”

“Then, shouldn’t we be responsible for the installation and maintenance of the telephone line according to the data usage? It’s not like you’re renting a phone line, you’re going to be using it more than you already have.”

“you’re right. That is what I intend.”

At Hoyoung’s words, Kim Geonseok couldn’t hide his absurdity.

“What do you mean now? Do you think we’re not idiots and would accept such ridiculous terms? I think this ADSL project needs to be rethought!”

“Vice President. Will you listen to me to the end?”

“What do you want to hear more about here?”

“I want to go with Korea Telecom. Thanks to Korea Telecom’s telephone network, I can start an Internet business. So, first of all, we will pay 35% of the sales from our ADSL business as royalties.”

“You mean 35%?”

“yes. It’s 35% of sales, not 35% of profits. Our sales would be very convenient to calculate. Since it is a flat rate, it is a matter of multiplying the number of members by the rate.”

“Hmm… 35%…”

Korea Telecom was expecting a royalty of 5-10%.

The number Hoyoung suggested was considerable.

“In addition, we will invest 10 billion won in the maintenance and repair business of Korea Telecom’s telephone network.”

“Investment?”

“yes.”

“But, as you know, we are a public company. In terms of form, it has the form of a stock company, but these stocks are stocks that ordinary people cannot buy. I mean, it’s all government agencies. Therefore, the form of receiving investment is also very limited. Of course, leaving it there is even more difficult.”

“Those things are already known. I want to invest in the form of buying bonds.”

“A bond?”

The government has already had a record of issuing government bonds and public bonds several times.

But unlike government bonds, which are perceived as a popular investment method in their own way, public bonds have never been popular.

The interest rate on bank deposits was around 13%, but the reason was that the lower interest rate was 6-7%, and sometimes the principal could be lost.

National bonds guarantee the principal of up to a certain amount, but there was no such thing for public bonds.

So, most of the current public institution bonds are forcibly bought by the government by putting pressure on companies.

“yes. I want to buy bonds. and···”

Hoyeong looked around her head to make sure no one was around, then spoke in a low voice.

“The bond could later be bought back at a bargain price by some competent person after a great negotiation. In that case, the company that bought the bonds back will recognize the negotiator’s ability for granted.”

At Hoyoung’s words, Kim Geonseok widened his eyes.

“Now about that…!”

“10 billion. It could be a lot of money. It may be a small amount of money. But the important thing is this. Can I do something that my competitors cannot do?”

Hoyoung said and filled Kim Geonseok’s empty glass with soju.

He was shaking his head hard.

How much will running this business really help in his promotion to president?

“How are you, Vice President? Would you like a toast?”

Hoyoung took a drink.

Kim Geon-seok also had a glass filled with alcohol, but he hadn’t brought it in and bumped into it.

then after a while

visor-

The two soju glasses collided with a clear sound.

“I’ll try to think about it.”

“yes. Hopefully in a good direction.”

The two emptied their soju glasses at the same time.

“And I have a small gift for you when you die.”

“Is it a gift?”

“I have already ordered my secretary to load the presents into the vice president’s car. It must be difficult to manage the phone lines, but I ask you to have a meal with the people in charge of related work.”

Only then did Kim Gun-seok, who understood the meaning of the gift, smile.

“Yes. After all, repairing phone lines is also an outdoor job, so it’s hot in the summer and cold in the winter.”

“haha. The person who understands the hearts of the people who work in the field should be the representative of the company. Isn’t it?”

Hoyeong held up a bottle of soju and said.

Kim Gun-seok did not respond to Ho-young’s words.

I just filled my glass with a smile on my face.

.

.

.

A month passed like that.

For one month, the ADSL team began to look into the situation in which Korea’s telephone network was widespread and the situation in which ADSL would be introduced, and was busy identifying the telephone company where DSLAM would be installed and the intermediate location.

And it was only natural that Lee Jin-chan, who had returned from the United States after the Korean Telecom had completely lost business approval, went to sign a contract.

And then, Hoyoung received a phone call.

– Hoyoung Yun, how are you?

“sure. Thank you for your concern.”

– is that so? I thought a few times about whether I was doing well with the homework assignments I had given.

The person who called Hoyeong was Jo Jungsik.

“How is the creation of the IT team going?”

– It’s smooth. The team has already been created. A few people from a company I knew are already on their way to work. To avoid confusion with the former IT team, the newly created department was named Software Team.

“Software? Aren’t you a bit mischievous?”

– Also. you’re right. We also decided this because it is a place to create software that will be delivered to the company in the future.

“Then, by when can we give you the software to go into the printer?”

– In the next three weeks. would you be able to?

Hoyoung had already completed the software.

Future technologies were deliberately not used.

There was no need to show all of Hoyoung’s cards right now.

In the current situation, it was made only enough to produce optimal performance.

“yes. It’s possible enough. Prepare for the next task in advance.”

– Whoops. I am relieved to see that you are confident.

“By the way, why did you call today?”

– Today I’m calling to tell you some interesting news.

“Any good news?”

Jo Jeong-shik’s giggle was heard over the receiver.

– yes. It may be a story that has nothing to do with Hoyoung, but it is news from the related industry, so we are delivering it. It has to do with the software you’re going to make in the future.

“What news?”

– IBM, which had a close relationship with my younger brother, Jo Nam-shik, went wrong.

“Is that so?”

Cho Jung-sik said with a smile, whether he was happy that his younger brother’s behavior was erratic.

– yes. Perhaps he asked IBM for help in technology transfer to develop his own PC.

“But IBM must have flatly refused.”

– you’re right. The younger brother, who did not know that IBM would reject it so quickly, said that he went on a rampage.

“You know quite a bit.”

– Whoops. Because our company has a lot of eyes.

Jo Jung-sik’s voice grew louder and louder.

– By the way, how did you know this information, it is said that a company approached your brother. It is said that they proposed a step-by-step technology transfer on the condition that all of IBM’s computers sold now be replaced with the company’s computers.

“Where is the company?”

– It is a company that entered the Korean market last year and is gradually expanding its influence.

“Uh… by any chance?”

– Any guesses? It’s a Dell computer.

“Dell computer!”

Hoyeong made a loud noise without realizing it.