He is Already a Tycoon at a Young Age! - Chapter 59



Only Krnovel

#059

October 23, 1993, Commander’s Office, People’s Liberation Army Command of the Chinese Navy.

“What? A Bangladeshi ship-breaking company swept away two aircraft carriers and 42 large Russian warships?”

The People’s Liberation Army Command office had a cold atmosphere.

The reporter had to just watch the commander’s face.

“Yes, that’s right. Chinese companies were not even allowed to participate in the public offering due to international public opinion issues led by the United States and Japan.”

It was the commander of the Chinese People’s Liberation Army Navy who was impressed by the reporter’s words.

“Those damn Americans, those damn Japanese, they’re afraid of the People’s Republic of China Navy achieving maritime prowess.”

“Yes.”

“You said it was a Bangladeshi shipbreaking company?”

“yes.”

“Find a way to contact that company. Since it’s not something I can directly do, tell them to approach me through a company that’s under my control. It was a golden opportunity to quickly secure aircraft carrier construction technology. That opportunity hasn’t completely disappeared yet.”

“Yes, I understand.”

The commander’s adjutant answered immediately.

* * *

October 24, 1993, Youngsilup President’s Office.

My uncle’s second younger brother, Park Hyuk, the president of Youngsilup, returned to Korea after winning a bid to sell a Russian naval warship in Minsk, Russia.

The reason that Taean Industry CEO Park Hyuk was able to successfully acquire two aircraft carriers and 42 large Russian warships at scrap metal prices, contrary to everyone’s expectations, was largely due to the connections within the Russian military that Taean Industry had built.

It cannot be denied that the massive bribes he received also played a significant role.

“Both ships will be moved to a ship-breaking company established in Bangladesh. The remaining 42 large warships will also be moved.”

If Japan or China learn that the Bangladeshi ship-breaking company that acquired both aircraft carriers is a South Korean company called Youngsilup, there will be chaos. In addition, Japan will try every possible means to prevent the aircraft carriers from being returned intact, and China will challenge again to secure the aircraft carriers.

“Then, a Bangladeshi ship-breaking company will immediately begin dismantling the ship.”

“Yes, first, we plan to start by anchoring large warships to the port shore and then begin dismantling them.”

“That’s what we should do. Okay?”

“Oh, as you instructed, we have decided to establish a garment manufacturing factory in consultation with the Bangladesh government.”

The most important part of the garment sewing business is labor costs. And the labor costs of Bangladeshi workers are surprisingly cheap.

“We must faithfully fulfill our role as a subcontractor manufacturing plant for Taean Yanghwa products.”

“Yes, we should do that, but I think educating Bangladeshi workers first seems to be a top priority.”

“Of course, because in Bangladesh, we have to create something from nothing.”

“Yes. Along with that, corruption in Bangladesh is more serious than you can imagine. From the machines sent by Taean Industry to raw materials, not even sewing machine needles, there has never been a case where they arrived properly.”

“is it so?”

“Yes, I recently received a call from Taean Yanghwa saying that they had sent 5,000 sewing machine needles, but when they arrived at the factory, there were less than 2,000. Also, they won’t let them through customs without a bribe.”

“It’s a developing country, so that’s understandable. If you change things one by one with the mindset of pioneering, you can do it.”

If Youngsilup’s garment division is properly established in Bangladesh, it will grow into a key company in Bangladesh.

The same will happen to shipbreaking companies.

Perhaps Youngsilup could become Bangladesh’s representative conglomerate.

“I think so too. Besides, the profit from the used clothing export business is bigger than you think. I really didn’t know it would go this well.”

This is the CEO of Youngsilup, Park Hyuk, smiling at me.

“The export price will still be right. However, if Chinese clothing companies or the clothing division of Youngsil Industry, which has set up a clothing production plant in Bangladesh, start producing cheap clothing and exporting it to the whole world, the used clothing export business will also become a declining business within 15 years. That’s what it is anyway. Youngsil Industry’s clothing division also needs to develop its own low-price clothing brand.”

“Yes, we have already scouted the experts. The money is good, after all.”

“Yes.”

“And the toy business division that the director instructed me to create last time has also been newly established, but since it is a business I have no experience with, I don’t know what to do.”

Originally, Youngsilup was a specialized toy manufacturing company.

“CEO, no, second uncle. Fill in the gaps with experts. The conglomerates and corporate presidents don’t run their companies just because they’re all smart. They maintain and develop by hiring and utilizing experts.”

“That’s true.”

“You told me that you didn’t know what to do, but I think your second uncle must have had his own thoughts.”

My great-uncle is a man of great intelligence and judgment. So, it is highly likely that his younger siblings are like that too.

“I have thought about it.”

“Second uncle, please speak informally when we’re alone. It really makes me uncomfortable to hear it.”

“Would that be so?”

“Yes, I feel comfortable with that too.”

Actually, I also had a toy in mind when I was creating the toy business division of Youngsil Industry.

“I get it.”

“What were you thinking?”

“Since Youngsilup has enough capital, I thought it would be nice to make toys using characters from Japanese cartoons or American comic magazines. Of course, I would have to pay for the copyright fees.”

It’s surprising that he thought this way, knowing nothing about the toy business.

“Isn’t that something everyone can do?”

Of course, there are few Korean toy company presidents who would ever think of making toys featuring characters from Japanese cartoons and American comic magazines.

“okay?”

Second, Uncle Park Hyuk really seems to think he’s come up with something amazing.

So he looks a little disappointed with what I said.

“Yes. Of course, it’s surprising that you would think of making toys based on characters from Japanese cartoons or American comic magazines. But the royalties would be considerable.”

“I thought that in order for the small business to grow properly, it had to be exported to Japan or the US rather than sold domestically, even though it was made in Korea, so I decided to do that.”

“You think that way because you don’t know the structure of the Japanese comics and film industry and the toy industry. The royalties for the copyrights of the characters that appear in American comic magazines are too expensive. The Japanese comics and film industry are not separate industries, but rather grow together. In some ways, it’s no exaggeration to say that comics are made to sell toys. It would be really hard to break into that gap. And if you don’t buy American comic magazine publishers, it’s difficult to utilize the characters.”

“Oh, I see.”

Of course, if I were a big capitalist, I could invest capital and acquire an American comic magazine publisher.

Marvel Comics has not yet been acquired by Disneyland.

‘Still, it’s fortunate that we’re going in a similar direction.’

If the toy division of Park Hyuk’s second uncle Youngsilup is to become a global toy company, securing copyrights will have to come first.

“Then what should we do?”

“Youngsilup is a company that Pacific Investment Corporation will actively invest capital in, so please put it into practice as your second uncle suggested. Of course, you will have to scout the relevant expert. And the relevant expert should be a foreigner, not a domestic one.”

“Can I do that?”

It’s my second uncle, the president of Youngsil Industry, who has a bright expression.

“Yes, it’s not completely impossible. There’s also the option of buying an entire American comics publisher.”

Of course, we don’t have that kind of capital yet.

“Jisung, then!”

Second, Uncle Park Hyuk’s eyes sparkled.

“yes?”

“Then Jisung, do you want to buy Marvel Comics?”

My second uncle, Park Hyuk, knows Marvel Comics.

“Do you know Marvel Comics?”

“It’s the best comic book publishing company in America. I’ve read a lot of pirated American comics. Hahaha!”

“Oh, I see.”

“Can you acquire Marvel Comics?”

Park Hyuk, the second uncle, has a look of considerable anticipation in his eyes.

“Second Uncle, it is still impossible with the capital power that Pacific Investment Corporation has.”

“Jisung, you told me not yet. Hahaha!”

“yes.”

“Then one day, you will own Marvel Comics. Then, Youngsilup will be able to pay less in royalties.”

“Do you know anything about comics?”

“My hobby was reading comic books. Your grandmother really hated it, but my eldest brother’s hobby was reading English dictionaries, so if I only read comic books, your grandmother can’t help but hate it. Hahaha!”

That’s why his expression was bright when I told him to establish a toy division.

“My great-uncle was quite amazing even when he was young.”

“He was called a prodigy in the neighborhood. He was a bit unlucky though.”

“That may be true. If your hobby is looking at English dictionaries, then your second uncle may think so. Anyway, I will try to proceed with that part when Pacific Investment Corporation’s capital power increases. But your second uncle.”

“Okay, tell me.”

“I want Youngsilup Toy Division to become famous for its special toys, even if it is not as large as the Lego company.”

“A special toy?”

“yes.”

“Jisung, you have an idea.”

“How about using magnets, shapes, and wheels?”

It reminds me of the Macformers toy.

“what?”

“I made a standardized shape by coating the magnets with plastic. I think it would be popular as a toy to improve the brain power of young children if I made a comprehensive science assembly set toy that includes wheels and carts.”

“With a magnet?”

“Yes. If it’s a standardized shape, you can make a car like Lego, and you can even build a house with magnetic blocks.”

“Oh, as expected, your intelligence is different from others. I think that’s a really great idea, hahaha!”

I don’t know for sure whether the magnetic block has been patented or not. That’s something my second uncle Park Hyuk will have to check.

‘The ship dismantling business is a temporary business.’

So, Youngsil Industry should grow by focusing on the clothing and toy divisions.

“So, first, scout out an early childhood education expert.”

“Do early childhood education experts come first when making toys?”

“It would be good to first secure evidence that the toys made by the Youngsilup Toy Division are helpful for the brain development of infants. In fact, there are research results showing that Lego is significantly helpful for the brain development of children.”

“I know what you mean.”

He is the CEO of Youngsil Industry, with a bright expression that is different from other times.

“I think you’ll do well this time too.”

“No matter how much I think about it, I feel really good because the toy business will really do well. As expected, Ji-seong, you are a genius. A genius. Hahaha!”

Episode 60