The God of Coding, Becoming an IT Conglomerate

67. My own company (4)

landlines, cordless phones, and the Internet.

Future Korean telecommunications companies will serve all three as a matter of course.

The reason is simple.

First of all, if a wired telephone network is spread all over the country, building base stations for wireless telephones can eventually be built using wired telephone lines, and the Internet must also use telephone lines.

PC communication using phone lines, ISDN, and more advanced ADSL and VDSL can also use existing phone lines as they are.

In the case of optical internet, which is a technology that is one generation more advanced than that, you need to lay a dedicated line, but there is nothing too difficult.

Exclusive fiber optic cables can also be laid along the same path as the telephone line.

“To be more precise, in addition to the mobile communication company, I would like to intervene when recruiting a second local phone operator in the future. Of course, if it is an open bid, we will do it according to the normal procedure.”

Dr. Woongwon Lee could not answer easily.

It was not an easy story to talk about Hoyoung’s plan to build a mobile communication company.

The reason why there are only large mobile communication companies in Korea is that, for the most fundamental reason, the mobile communication business required funds and technology to install base stations all over the country.

“However, in order to establish a mobile communication company…”

“Do you think I don’t have the capacity to create and maintain a mobile telecommunications company?”

Hoyoung said with a slight frown.

“ah! I didn’t mean it that way. However, I wanted to tell you that establishing a telecommunications company is a difficult task.”

“Thank you for thinking, but you don’t have to worry. I can mobilize more money than you think.”

Dr. Woong-Won Lee looked at Ho-Young carefully and nodded.

“All right. Whether it’s the financial situation or the possibility of operation, these things will be checked again by the country when the business is approved anyway. It’s not at all difficult for me to recommend. It was because we were still receiving little by little pressure from the state on developing mobile communication technology and starting a business.”

“The timing is just right.”

“yes. Then, I will contact you again after having a sufficient conversation with our director about the story we had today.”

“yes. Please contact me.”

Ho-young got up, and Dr. Ung-Won Lee followed suit, exchanged greetings with Ho-young, and left the office.

In fact, Dr. Lee Woong-won still has a deep attachment to Motorola.

So, before this contract is completely signed, it will be secretly leaked to Motorola.

But even then, Motorola will not show any reaction, and eventually will introduce the CDMA method with Qualcomm.

Hoyoung was sure Dr. Ungwon Lee would bring a positive answer.

.

.

.

Hoyeong headed to the representative office after a long time.

“Do you have a representative?”

“Who is… Hoyeong? What a disgusting representative!”

“haha. I called it like that once. Are you busy now?”

Lee Jin-chan waved his hand.

“Don’t talk. It’s because I’m on the verge of dying from overwork by adding a little bit of exaggeration.”

“For that matter, you look really good today?”

“I’m not looking good, I’m gaining weight because I can’t move around in the office.”

Lee Jin-chan said with a chuckle that he was also funny.

“Anyway, what are you here for? These days, both Chronos and Hangeul have entered a stable period, so don’t you have anything special to do?”

“Right. There’s nothing big to do. So I came to find you.”

“yes?”

Hoyeong said while sitting on the sofa in Lee Jinchan’s office.

“I’m thinking of taking over the portal and ADSL parts.”

“okay?”

Lee Jin-chan’s face brightened.

In the current H&H organizational structure, Hoyoung was in a rather strange position.

Although he has the title of technical director, he was also the person in charge of the development of Cronus and the person who laid the foundation for the game development department.

“ADSL and portals will be effective if they work together. If consumers use our portal from the moment the Internet is connected in line with the spread of ADSL, most of them will think that they have to go through our portal to access the Internet.”

“okay. i think so too. So you’re saying that you’re going to take care of it in the ADSL and portal division?”

Hoyoung shook his head at Jinchan’s question.

“I do, but I’m thinking of setting up my own company and doing it separately instead of at H&H.”

“What?”

At Hoyoung’s sudden words, Lee Jinchan made a surprised expression.

“What do you mean? Do you want to go out and do it yourself?”

“It is literally. I also want to go out and run a company.”

Jin-chan had a complicated expression.

“I’m so abrupt right now that I don’t understand what you mean?”

“haha. I’m sorry. I’ll explain step by step. In my opinion, the portal business and ADSL business are so small right now that they haven’t started properly, so they can be handled as a concept like a department within a company, but the department size is too small to grow rapidly.”

When Hoyoung spoke, Lee Jinchan was looking at the papers at his desk, then put them down and sat down on the other side of the sofa where Hoyoung was sitting.

“okay. I see what you mean. In fact, right now, I also thought that the Hangeul department and the Chronos department were already growing as they grew, so it was difficult to manage as a department.”

“Right. The two are actually of a scale that should have been separated a long time ago. But in the first place, H&H was a company that started with nothing, so I had no choice but to do that. In the midst of our crazy growth, we split and split the company… there was no time for that.”

Lee Jin-chan nodded and Ho-young continued.

“By the way, portal and ADSL are expected to grow at an incomparably faster rate than Hangeul or Kronos.”

“okay?”

“yes. That’s why I said it because I thought it would be better to establish a company in advance and start as a subsidiary.”

Jin-chan nodded with an expression that he finally understood everything.

“You thought I wanted to quit H&H again, right?”

“haha. I played a little bit. I’m sorry. But I have a favor to ask of you here.”

“Request?”

“I am now thinking of creating a group that includes information and communication companies.”

Hoyoung slowly explained to Jinchan what he was doing.

There was no need to lie to Lee Jin-chan, so I told him everything about acquiring Pantech and trying to start a mobile communications business with Qualcomm and the Korea Electronics and Telecommunications Research Institute.

“The reason I explained these is that I want the subsidiary that establishes portal and ADSL to be a subsidiary of the information and communication business group that I will create, not H&H.”

At Hoyoung’s words, Lee Jinchan made an incomprehensible expression and said nothing.

“Of course, I don’t mean that I just want it to be my subsidiary. ADSL intends to buy the current business right at a high price, and we will give you a lot of patent fees. And I also want to purchase portals as expensive as the parts that have been made so far.”

Jinchan tapped the tabletop with his hand.

It was his habit when he was worried about something.

“There are two conditions. If you agree to that condition, I’ll do as you say. In fact, it’s just starting to get too heavy. In fact, I bought the patent rights for ADSL myself in the US, and I think future growth is a fait accompli, so it’s really a pity, but… if you eat too much, you’re just pretending.”

Hoyoung smiled.

It was because it felt like he was talking about the conditions first, saying that there were several conditions.

“What are the conditions?”

“First, let us invest in your group.”

“Investment? I didn’t even think about investing…”

“Seeing you talk so confidently, I think you will have enough funds to the point where you don’t even need to invest. But I also set this condition because I want to invest in your future. Instead, if you let us invest, we’ll get business licenses and patent fees very cheaply.”

Hoyoung looked at Jinchan with eyes of surprise.

Even when he first assumed the position of CEO, Lee Jin-chan could not escape the image of a soft-spoken and innocent college student.

However, it has been several years since he has been active as a representative director.

He seemed to already be oozing out of the seasoned beauty.

“If you acquire a stake, are you trying to increase the value of your stake by increasing the operating profit rate by giving the business license and patent fee cheaply?”

Hoyoung said with a smile, and Lee Jinchan also smiled at Hoyoung.

“Exactly. I can’t hide anything in front of you.”

“Then what is the investment amount and required share?”

“Are you going to set up a holding company?”

“Um… yes.”

“I knew it. I thought it would be natural since you sometimes talk about the need for a holding company when drinking.”

Hoyoung shook his head.

“The fact that they’re too friendly is also a problem here.”

“haha. fortunate for me I want 7% of the holding company you will build.”

“7%? Why?”

Hoyoung thought that the number Jinchan said was ambiguous.

“Because 5% is too little and 10% is too much. Do you think it’s just right?”

“ha ha ha. I really can’t beat you. Say yes, then how much will you invest?”

This time, I couldn’t answer right away, and I was lost in thought for a while.

After thinking for a while, Lee Jin-chan opened his mouth.

“There is no separate payment. I will give you the entire portal division and the entire ADSL division. Including ADSL’s patents, of course.”

“I beg your pardon?!”

This time, Hoyoung was surprised.

Hoyeong suddenly stood up from her seat.

“What are you so surprised about?”

“You don’t look surprised? ADSL and portals are nothing but gold, but they say they just pass them on?”

“Is it just? Taking 7% of the holding company’s shares? Even if I receive billions now, I think it will not be worth 7% in the future.”

Lee Jin-chan said while crossing his legs and laughing.

“And in fact, none of us are experts in that field. It’s a business that won’t work without you anyway. Rather than destroying a worthless promising business because we are holding it, it is a hundred times better to pass it on and grow it yourself. It’s not even someone who doesn’t know that, and if Hoyeong is you, that’s for sure.”

“senior···”

Hoyeong looked at Jinchan with moved eyes.

Jin-chan hated those eyes.

“Hey, don’t look at me with those eyes. greasy.”

Both Hoyoung and Jinchan burst into laughter at Jinchan’s joke.

“Well, I’m not the largest shareholder, but if you and I agree, Jintaek and the other kids will definitely do the same.”

“Other seniors certainly do. They are the ones who believe in our opinion the most.”

“right. Then the second condition.”

“yes. Please speak.”

“There will never be a resignation of director Yun Ho-young.”

“yes?”

“Even if you go out and start your own business, in the end you are our shareholder at H&H, Isaiah. That fact doesn’t change. But if you want, I’ll even treat you as an outside director. Instead, no matter how busy you are, you have to help our H&H business. So, in the end, it’s a side job.”

Hoyoung looked at Jinchan in bewilderment.

“A new version of Chronos is already in production, and Office is also nearing completion. In the case of spreadsheets, most of them are as good as what you created, so you have to complete them, right?”

“Huh… I get it. You said you came because you didn’t have much work a while ago, but you will be hit by work from now on.”

“You are still young. Don’t you know that you have to move when you’re young?”

Hoyoung looked at Jinchan, thinking that there was nothing he could do about it.

Seeing Jin-chan with a wacky smile, Ho-yeong burst into laughter.

After laughing for a while, Jin-chan held out his hand to Ho-yeong.

“Actually, I thought you would say that one day you will become independent. Well, to be honest, it’s ambiguous to call it independent.”

Hoyeong held Jinchan’s hand.

“Thank you for understanding.”

“What do you understand? In fact, even now, even though we are in the same company, we are so busy that it’s hard to see each other’s faces. When do you think it will be?”

“We intend to move forward as quickly as possible. In fact, I took only the head of the department, Imiro, and I was trying not to damage H&H, but it seems like I am taking both the portal and ADSL divisions.”

“I know. Then, of course, you have to move the office too, right?”

“yes. I want to.”

“too bad. Where are you planning to go?”

“There, there, there.”

“yes?”

Hoyoung pointed out the window, and Lee Jinchan didn’t immediately understand what Hoyeong’s actions meant.

“Come to work.”

As Jin-chan followed Ho-young to the window, Ho-yeong pointed at the three buildings directly across from the H&H building, one by one, and said,

“There is telecommunication business, there is mobile phone production, and there is portal. I am going to do this.”

Hoyoung grinned, and Jinchan looked at Hoyoung in disbelief.