He is Already a Tycoon at a Young Age! - Chapter 46



Only Krnovel

#046

“I need to fix that arrogant old man for hurting my daughter’s feelings.”

“You’re being so persistent. You’re still selling kimchi refrigerators at such low prices. Aren’t you trying to kill the kimchi refrigerator business?”

“Hey, don’t say things like that when you don’t even know my situation. Do you know how much the kimchi refrigerator division is losing right now? If you suddenly raise the price that was lowered, what would the consumers say? That’s why I can’t raise the price. And now, my daughter or your son has met someone new. There’s no reason to hate them.”

“Okay, so even if the refrigerator is like that, why did you jump into the acquisition battle for Korea Semiconductor? Even by establishing Taean Electronics?”

“Isn’t that inevitable? You know the news about the real estate speculation in Pangyo? It’s a report that Samsung Electronics has secured land in Pangyo to establish a semiconductor factory. They announced that, so what would people say if Korea Semiconductor doesn’t jump into the acquisition battle now that it’s up for sale?”

“Does that mean we really have to acquire Korea Semiconductor?”

“If not now, there will be no chance to acquire. I told you 15 years ago that I would enter the semiconductor industry. You were the first to enter the semiconductor industry at that time. That’s why Park Tong stopped me, saying that our businesses kept duplicating. Thanks to that, while we wasted 15 years, GL Electronics is competing for first or second place in the domestic non-memory semiconductor sector. We haven’t even started. If we don’t start now, Samsung Electronics will not be able to enter the semiconductor business.”

“It’s not that I stole it. I had been trying to get into the semiconductor business before.”

“Let’s say that’s true, but we’ve gotten really old.”

“No matter how old you become, your symbol of wealth remains the same.”

“Now that I’m old, I understand my father’s feelings a little bit.”

“Father’s heart?”

“Yes, the reason my father pushed out his eldest and second sons and handed over the position of head of Samjung Group to me is because he knew that the group would not collapse if he chose a successor based on ability.”

“You got into the chairman’s position by accident, so what kind of abilities do you have?”

“Anyway, I won’t make him the successor just because he’s the eldest son. The world is definitely different from our time, and it changes so quickly. In this fiercely competitive world, if the leader doesn’t have the ability, the group will collapse in an instant.”

The chairman of Samjung Group spoke firmly.

“You’re telling me to listen.”

“I think so, let’s eat.”

“You want to say what you want to say and then eat something?”

“Do you have anything more to say?”

“No matter how much you hate me, stop bothering me. For now, let’s raise the price of kimchi refrigerators a little.”

“Okay, I’ll tell the president of Samjung Electronics. This is your favorite acorn jelly.”

The chairman of Samjeong Group smiled brightly while looking at the chairman of GL Group.

‘Where is the primogeniture? It should be given to the more talented one.’

The chairman of Samjung Group muttered to himself, persistently.

* * *

Samjeong Electronics conference room.

My great-uncle, the president of Taean Electronics, attended this meeting regarding a technology partnership with Samjung Electronics.

I’m sitting at the end of this seat on something like a tour.

“He’s my son, so don’t worry too much about it. The school asked me to write a review of how my father works, so I sat him down for a field trip.”

My father spoke gently to the executives and managers.

“Isn’t it the main character behind the huge success of kimchi refrigerators and French-door refrigerators, hahaha!”

When one executive spoke with a smile, everyone nodded.

Meanwhile, I looked at the executives and managers. Let’s use our abilities. A semi-transparent personal statement appeared above their heads.

There were a few unusual things about that personal statement.

“That’s right. If Ji-seong hadn’t come up with the idea, the kimchi refrigerator and the French-door refrigerator wouldn’t have been successful. He’s a genius. A genius!”

My father’s friend and college classmate, Manager Kwon Hyuk-soo, praised me.

‘I’ve seen it a few times in private too.’

But, damn it!

‘Father, you are getting your foot chopped off by the axe you trusted.’

No one would have expected this.

Director Kwon Hyuk-soo was the underdog at GL Electronics.

He is a friend of his father and he is a manager at a young age, so he is truly successful.

‘Tsk, if I had just stayed still, I could have easily become an executive. But this is worse than Infernal Affairs, isn’t it?’

The personal statement contained a special note stating that Director Kwon Hyuk-soo had received support from the GL Group since he was young.

“Then let’s have a meeting now.”

The meeting began with my father’s calm words.

* * *

In front of the hallway of the Samjeong Electronics conference room.

About an hour passed.

The Samsung Electronics executive meeting has ended. The main topic of the meeting was the release date of the color LCD mobile phone developed by Samsung Electronics, and the release date was set for September 1st.

‘I’ll let you know right away.’

I found myself frowning in the hallway.

“Great uncle.”

“why?”

“Wouldn’t GL’s collaborators be people we can’t even imagine?”

My great-uncle nodded at my words.

At that time, the chief secretary of the president’s office of Samjeong Electronics approached my uncle.

“president.”

“What about the boss? Just call him senior. We were in the secretary’s office together until last year.”

“No. You always told me that the family of the general and I are from different social classes. I think so too.”

“Then do that. What’s the matter?”

“The boss is looking for you.”

“Okay. Ji-seong, let’s go together.”

“No, I’m going to take a look around the company. Have a nice day.”

“I get it.”

It just happened to be perfect.

‘I have to go meet Manager Kwon Hyuk-soo alone.’

It’s time to start the counterattack.

* * *

Samjung Electronics President’s Office.

“Thank you for always working hard. How are you?”

Taean Electronics CEO Park Seon was at a loss when the president of Samjeong Electronics started by saying thank you. Just a few months ago, he was the eldest son of the Samjeong Group and was managed as Code One among the Samjeong Group’s family.

“I still haven’t quite gotten used to it. What I always taught my secretaries was that there are different social classes in life, so I’m a bit confused because my social class has suddenly changed.”

“I feel a sense of alienation when I hear that we are from different social classes. In fact, my brother-in-law is more capable than I am. I was born lucky.”

Among the family of the founder of Samjung Group, or rather among the second or third generation of South Korean conglomerates, Ji-sung’s father is probably the most humane.

To put it badly, it means you are not cool-headed.

“I don’t think so.”

“is it so?”

The reason they respect each other is probably because their relationship is still awkward.

“Yes, in my view, the conglomerates should take the lead in ethical management in the future. I feel bad saying this, but South Korea has grown too quickly economically so far. The economy has grown faster than the level of civility that the people should have achieved. The gap between the rich and the poor has inevitably widened, and the poor, although it may be presumptuous to say this, will be hostile to well-born people like you. To be precise, the common people of South Korea will likely be hostile to the conglomerates, and the political world will instigate this. So I think we need to solve this through ethical management. Only then will the group’s image improve, and sales will increase accordingly.”

“I think so too. Thanks for the advice.”

“no.”

“By the way, Ji-sung founded Taean Electronics. What kind of products will you develop? I have already instructed the Samsung Electronics Research and Development Team to transfer product development technology.”

The president of Samjeong Electronics had some doubts when Taean Electronics was established. It was natural since they were in the same industry.

So he asked his father carefully.

[Are you going to think of Taean Electronics as a subcontractor and give them a lot of work?]

[I don’t think so, but it seems like my uncle thinks so, hahaha!]

[I was thinking of doing that because my brother-in-law is starting an electronics company. It’s a bit much to say that I’m just giving him more work, but if the conditions are the same, I think that Taean Electronics can supply parts for products manufactured by Samjung Electronics.]

[I heard that Taean Electronics is developing new products separately. As you can guess, it is a company founded by Ji-seong. Ji-seong is different, but he is very different.]

[Yes, that’s why I’m worried.]

[Worried? What are you worried about?]

[Father, shouldn’t a child grow up to be a child? While developing his or her own dreams?]

[That’s right, you’re consistently pursuing your dreams, hahaha! So you don’t have to worry too much.]

“As you know, this is a company founded by Ji-seong. I am only the CEO in name. The new thing Ji-seong is trying to develop is a music player.”

“It’s like a Walkman.”

“The Walkman is analog, and what Jiseong is trying to develop is digital, so they are completely different. I think Jiseong and Taean Electronics could possibly change the landscape of the global music market.”

The president of Samjeong Electronics could not hide his surprise at the words of the president of Taean Electronics.

“If your brother-in-law thinks about it to that extent, then it must be a great business idea.”

“Yes, I was surprised to hear that too. There are times when I really can’t believe how someone could think like that.”

“That’s why I’m worried too. Ji-sung needs to grow up like a normal child and have memories appropriate for his age, but he’s already standing out as an investor and businessman.”

Taean Electronics President Park Seon nodded in response to the words of the Samjeong Electronics President.

“It will be difficult to change because the will is so strong. And please, brother, let me say this.”

“You’re older than me, so it’s a bit like that. I’ll let you go when you feel more comfortable.”

“Yes, that’s right. But, brother.”

The look in Taean Electronics CEO Park Seon’s eyes changed.

“yes?”

“Why do you think Ji-sung is in such a hurry?”

“What do you mean?”

* * *

Taean Record Company President’s Office.

“Sir, there has been a problem with copyright payment.”

The finance officer spoke to the president of Taean Records.

“Problem with payment?”

“Yes, I need to pay a considerable amount of royalties to Samjeongdongho-rangi, but I don’t have a real name, address, or even an account number.”

“Ah, Mr. Samjeongdongho-rangi.”

“Yes, that’s why I can’t pay the 12 million won in royalties that are due this month.”

Samjeongdongho-rangi was Ji-hyeong, the eldest brother of Ji-sung. There were only two people in the world who knew this, one was Ji-sung and the other was the president of Taean Records.

“What should I do? I don’t have any contact information, so I can’t contact you.”

“The copyright owner’s royalties can be donated to the pediatric cancer ward at Seoul National University Hospital. He asked me to just donate in the name of Samjeongdong Tiger.”

“Really?”

“Yes. You can continue to do that in the future. In fact, he doesn’t need money that much.”

“all right.”

After the finance clerk greeted the president, he left the president’s office.

‘Those brothers are really great.’

The Taean Record President was still amazed when he thought about it again. The Samjeong-dong Tiger Terrain.

The songs he wrote and composed were a definite success.

Ji-seong, a genius businessman, and Ji-hyeong, already a genius musician.

They were truly great brothers.

Episode 47