He is Already a Tycoon at a Young Age! - Chapter 48



Only Krnovel

#048

“How can we achieve the best results after acquiring Onsegae Communications?”

“After entering the telecommunications business through the wireless pager business, we should participate in the bid for the privatization of the mobile communications division based on that.”

Everyone’s mouths dropped open at analyst Kim Eung-soo’s words.

“That’s the next goal.”

“Seriously, sir, is that true?”

Team leader Lee Seo-jin asked me in a trembling voice.

“We currently have over 700 billion won in capital. By September, we plan to secure at least 300 billion won more. Investing in derivatives was actually a gamble, but short selling the British pound was an investment that was bound to succeed. Therefore, Pacific Investment Corporation has 1 trillion won in capital available to it.”

The acquisition funds are sufficient.

‘As a result.’

We have to fight and win against the Jinkyung Group. If that’s the case, then we have to bring something else when we win against the Jinkyung Group.

“Yes, with a capital of 1 trillion won, there is no reason why we cannot acquire the mobile communications division of Korea Telecom. My heart is already pounding.”

When I saw investment manager Han Ji-hoon, I felt excited and felt dopamine rushing through my body.

“It is definitely the goose that lays golden eggs.”

Fleet Road Investment Manager was also excited.

“So, I plan to acquire Onsegae Telecom. Through that company, I will enter the telecommunications business, secure business performance, and participate in the privatization and acquisition of Korea Telecom’s mobile communications division.”

“Chief!”

At that time, investment manager Han Ji-hoon suddenly called me.

‘I got the feeling.’

Of the four investment managers, Han Ji-hoon is the one with the best intuition.

“Why are you doing that?”

“if···.”

“Okay. Sometimes you have to keep quiet when something is predicted without you even knowing it.”

“Oh, yes, I understand.”

After hearing what Han Ji-hoo, the investment manager, said, I saw analyst Kim Eung-soo again. Analyst Kim Eung-soo scouted professional analysts and gave them separate offices on the lower floor.

“How much would it cost to acquire Onsegae Telecom?”

“The value of OnseSangTongsin that I analyzed is 25 billion. And I think the reason why you chose OnseSangTongsin among many pager companies is because of the second-generation CEO.”

“Yes. There are many cases where a company fails when the founder retires after growing the company well and then passes it on to the second generation.”

“Yes, it is analyzed that the two CEOs of Onse Sang Telecom did not stick to their main business and focused on external investments, resulting in significant losses.”

“Why is that?”

“In the first quarter, he also increased capital and sold some of his shares in the second quarter. I’m not sure, but I think he withdrew company funds and invested in overseas futures and derivatives, but it failed.”

This is why foreign futures and derivatives are risky.

Of course, I know the future, so I have no choice but to succeed.

“Then it’s breach of trust and embezzlement.”

“There is no evidence. It is just an analysis of the circumstances.”

“We just need to secure the evidence.”

After speaking to analyst Kim Eung-soo, I saw my uncle, the president of Taean Electronics.

‘Looking at your expression, I can’t believe it.’

I tried to use my little uncle, but looking at my big uncle’s expression, I don’t think that will work.

“Rather than going to great lengths to secure evidence, it would be better to secure the qualifications of a major shareholder through an investment proposal and participate in the bid to privatize the mobile communications division of Korea Telecom through Onsegae Communications.”

My great-uncle, the president of Taean Electronics, told me.

“I think so too. I guess the two CEOs of Onsegae Telecom are desperate to make money.”

One of the reasons companies fail is the lack of ability and greed of their managers.

“If what Kim Eung-soo said is true, then it seems likely.”

“Taean Electronics CEO, please make room for me.”

“Let’s do that.”

“Then let’s end today’s meeting here.”

Today I have somewhere to go with my great-uncle.

‘We’ve finally arrived.’

The first results of the Bear Project have finally arrived. I must go to the Taean Industry Secret Research Institute with my great-uncle.

* * *

Inside the warehouse building prepared as Taean Industry’s secret research lab.

It’s a huge warehouse.

It was almost the size of a large aircraft hangar.

“You’re finally here, hahaha!”

When I arrived at the appointed place, my grandfather greeted me, looking at a huge object covered with a black cloth.

“I’m a little late, sorry.”

“No. That’s what I was saying when I saw it. We’ve finally arrived.”

The official export of Russian weapons to South Korea through the Bear Project was in September, three months later. However, thanks to the lobbying activities of my grandfather, who is the CEO of Taean Industry, for arms trade, the model products arrived earlier than scheduled.)

Five Russians are waiting next to something covered in black cloth.

‘They are real.’

Because they are engineers involved in weapons exports from Russia.

“Thank you for your hard work.”

My great-uncle, the president of Taean Electronics, also spoke to my maternal grandfather, who was waiting for the opening with a look of disbelief.

“Now that Ji-seong is here, let’s see.”

“Yes, Grandpa.”

At the same time as I spoke, my maternal grandfather, the president of Taean Industry, gave instructions to a key employee.

The black cloth was peeled off.

“This is the T-80 tank that Russia possesses and has completed its combat deployment.”

My grandfather, the president of Taean Industry, also had a trembling voice. And then the Russian tank engineer next to him looked at him.

“Its performance is the same as that of the tanks deployed in Russia.”

Of course, the Russians spoke Russian, but I understood them immediately. Having been reincarnated 1,000 times, I could speak all the languages ​​of the world.

“Jisung-ah, according to the tank engineer team leader, the tanks deployed by the Russian Army have the same performance. The Russian military kept their promise. Hahaha!”

“Then now we have to disassemble that T-80 tank.”

The old man, who was the president of Taean Industry, couldn’t hide his surprised expression at my words.

“If you help disassemble the T-80 tank, we will pay each engineer dispatched from Russia $1 million.”

My grandfather looked at me with even more surprise than when I had openly told him I was going to dismantle a T-80 tank.

“Jisung, I didn’t know you could speak Russian so fluently.”

“I studied hard.”

“As expected, Ji-seong, you are a genius. However, those people were dispatched to operate and maintain the T-80 tank.”

“That’s why I offered them a deal. The decision is theirs. And the fact that they sent one tank in advance and sent an engineer with it is a signal that they won’t mind taking the tank apart.”

After I told my grandfather, I saw the head of the Russian engineering team.

“I can’t decide on my own.”

“I’ll give you 10 minutes. Let’s discuss it.”

The head of the Russian tank engineering team nodded at my words and walked over to another engineer standing next to the tank.

Ten minutes soon passed.

The tank engineer team leader, who had finished discussing the matter, raised his thumb and smiled.

‘They say money doesn’t do business.’

And they must have felt the bitter reality of how great the dollar is as the Russian economy collapsed.

“It works, hahaha!”

In conclusion, the plan was to disassemble the T-80 tank here, secure tank development technology, and sell that technology to Samjung Defense to enter the next-generation tank business.

‘The history of the Black Panther tank and the K9 self-propelled howitzer begins here.’

* * *

July 3, 1993, Product Research Institute located in Taean Electronics Pangyo factory complex.

At the request of my grandfather, the chairman of the Samjung Group, I brought the key personnel of the product development research lab of Samjung Electronics here. I also finished scouting a large number of engineers related to sound source players from Japan and the United States.

‘On the Japanese side.’

I was scouted by Kyocera Electronics and Sony Electronics.

The US has scouted a large number of software experts.

“Mr. Nakamura, the key to an MP3 audio player is to reduce the size of the memory card and expand its capacity, right?”

I asked the hardware team leader I had scouted from Sony Electronics in fluent Japanese. Nakamura was also surprised that I spoke Japanese fluently.

My great-uncle was even more surprised when he saw me speak Russian fluently two days ago.

“Jisung, I haven’t seen you study Japanese?”

“I studied it in my spare time. Japanese is easier than Russian because it’s based on kanji.”

The time it takes to acquire a foreign language is determined by distance.

Native English speakers can learn French easily, and it doesn’t take long to learn German either. So it’s relatively easy for Koreans to learn Japanese.

Of course, Chinese has its own tones, so it can be difficult, but it is also easy for Koreans to learn because it is based on Chinese characters.

“Ha, if you keep doing this, you’ll end up speaking Chinese too?”

“How did you know? Strangely, studying languages ​​is the easiest. Hahaha!”

My uncle, the president of Taean Electronics, shook his head in response to my words.

“I’m sorry, Team Leader Nakamura.”

“No. As the major shareholder said, the key to developing an MP3 audio player is size reduction. So the key is to reduce the size of the memory card and other components as much as possible.”

Japanese engineers are the best at miniaturizing products in the world.

“It shouldn’t be heavy.”

“Yes, I understand.”

I listened to Nakamura, the hardware development team leader, and then saw the American software development team leader in charge of software.

“While developing software to be used in MP3 players is important, the software development team will develop all software to be used on music playback sites. We can’t dominate the U.S. market with just MP3 players.”

“I started development just as you instructed me last time. I opened a music sales site on the Internet and listened to songs through an MP3 player. It seems like an ingenious business strategy.”

“How long will it take to develop?”

“It won’t take 1~2 years.”

After hearing the American team leader’s answer, I turned my head and looked at Team Leader Nakamura.

“I think it will take about two years.”

If this happens, Taean Electronics will become a loss-making company that only spends on research and development and has no profits for two years.

“All right.”

You just have to come up with a solution.

“Great uncle.”

“We can’t afford to be an electronics company that has been running at a loss for two years due to research and development expenses, right?”

“Yes.”

“Then it would be a good idea to acquire the entire cassette division of Samsung Electronics.”

“I thought so too. This time, instead of using Dad’s chance, let’s have your uncle suggest to the president of Samjeong Electronics and proceed with the business by taking over.”

“I get it.”

CDs exist between cassette tapes and MP3s.

‘actually.’

From 1998, MP3 players and CD players developed by Sony began to compete. Then, Apple dominated the music player industry with the iPod. At the same time, CD players disappeared.

The era of compact discs also ends along with cassette tapes.

“Great uncle.”

“why?”

Episode 49