He is Already a Tycoon at a Young Age! - Chapter 7



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“I think we should enter the market before it is too late. In the future, more semiconductors will be used in all electronic products. If we buy those semiconductors from domestic or foreign semiconductor companies, we will be at a disadvantage to our competitors.”

“So, do I have to do semiconductors?”

“Yes, in the economics books I saw in my grandfather’s study, there was an explanation that semiconductors were the rice of industry. That’s when I remembered it.”

“You are right. Semiconductors are the rice of industry, but semiconductors require huge investment costs.”

“That’s why I bought land in Pangyo.”

“You still look like a child to me, but you no longer think like a child.”

“It’s because you take after your grandfather.”

“So what are you going to do?”

“Out of the 300,000 pyeong, 100,000 pyeong can be used for semiconductor factories and employee apartments, and the rest can be used as a commercial district with amenities. That’s why we’ll be planting a lot of apple trees.”

“So you plant more apples?”

“I read in a real estate book that national land compensation includes compensation for not only the land but also the fruit trees and trees planted on that land.”

“oh!”

Grandpa’s mouth fell open.

And Director Park also showed a frightened look.

“Director Park, what do you think?”

“I can’t believe it even though I’m hearing it with my own ears.”

“Me too, a dragon was born in our family, hahaha! Every time I see that guy, I think of my father.”

“Director Park, you can’t keep getting cursed at, so announce that the purpose of purchasing the land in Pangyo is to establish a semiconductor factory.”

“Yes, Chairman.”

“As Ji-seong said, semiconductors are the rice of the industry. I was planning to enter the industry when the time came, and it seems like that time is now.”

“Grandpa, I disagree.”

“You object?”

“You should announce it after purchasing the Samsung Electronics shares. I need time to purchase the Samsung Electronics shares.”

“Hahaha, you are truly my grandson. Hahaha!”

The little ones’ play is over now.

* * *

A week later, in the living room of the Samjung Group Chairman’s mansion.

I bought Samjung Electronics stocks through Secretary Oh and Director Park.

So, I have now become the largest shareholder of Samsung Electronics, owning 15% of the shares.

‘300,000 pyeong of land in Pangyo!’

15% stake in Samjung Electronics!

I’m probably the number one rich minor in South Korea right now.

‘The advertising has finally started.’

I was watching TV.

Grandpa is also watching TV with a happy smile.

-Square, square.

A close-up of a stylishly designed kimchi refrigerator.

To stimulate the curiosity of buyers, only a creaking, creaking sound is heard.

My grandfather’s revenge against GL brought about this result.

‘Don’t touch my family.’

The grandfather was taking proper revenge on his eldest son-in-law who had imposed the burden of being a divorcee on his daughter.

-That’s the sound of it ripening deliciously.

It feels like an advertisement from the mid-1990s is coming out of the late 2010s.

-We don’t have to worry as long as we have a kimchi refrigerator in our house.

-Square, square.

– Well-ripened kimchi, Samjeong kimchi refrigerator.

Clap clap clap!

The only people watching were me and Director Park, but my grandfather cheered.

“What a great ad, hahaha!”

Grandfather laughed heartily with a satisfied expression.

It’s all thanks to me.

Grandpa would know that very well.

“How are the customers reacting?”

“The response was explosive. The idea of ​​putting a kimchi refrigerator in the living room instead of a kimchi jar on the apartment veranda perfectly fit the needs of customers.”

“As they say, everything has to meet the right times.”

“It seems so, Chairman. We are also planning an overseas sales strategy. The response is really explosive. Our analysis is that production will have to be fully operational in the future.”

“Except for us. What about GL?”

Grandfather’s once bright expression became sharp.

‘It’s a product that focuses on revenge rather than profit-seeking······.’

This is the moment when you can feel your grandfather’s persistence.

It must have been this kind of persistence that made it a first-class company.

“You will be in despair after seeing the advertisement.”

“What is the price difference?”

“According to the information I have, Samjung Electronics’ kimchi refrigerator is 50,000 won cheaper.”

This is proper revenge.

Selling better products at cheaper prices.

In short, I gave my son-in-law a real shit-talking.

“This is all······.”

My grandfather looked at me, his voice trailing off.

“why?”

I looked at my grandfather with eyes that said I knew nothing.

‘I wonder what’s going to fall······.’

I’m really looking forward to it.

“What should I give you as a gift?”

“yes?”

“All of this was made by our youngest son. If there’s anything you want, just tell me. I’ll buy it for you.”

What was coming has come.

I feel so excited.

“Grandpa, I want to have an apartment too.”

“Real estate again?”

“When I see advertisements, everyone lives in apartments. So I want to live in an apartment too.”

“You don’t need to live in an apartment.”

“why?”

“Apartments are matchboxes for the common people, they are not places for people to live.”

“But I want to have an apartment too.”

“Hahaha, that guy is so stubborn, Director Park.”

“Yes, sir.”

“You promised to give it to me, so I should give it to you. Where do you think would be good?”

“Eunma Apartment sounds good. Samjeong Trading is pushing forward with a mid-term plan for a reconstruction project.”

“okay?”

“Yes, that’s right. We are planning to rebuild in 1999.”

“There······.”

“This is truly an apartment where ordinary people live. I think it wouldn’t be bad for you to experience it. I think it will be a good experience for you in the future as well.”

“Hahaha, it’s an experience, that’s good. I’ll buy the entire Eunma Apartment and give it to you.”

“Grandpa, I don’t care if there’s only one. Hehehe!”

“No love? Hahaha, what are you talking about?”

“Secretary Kim said that one person is unkind.”

“Then what should we do?”

“It’s the third birthday, Grandfather.”

“Do you even know the three characters for blessing?”

“I heard what the secretaries were saying.”

“Umm, Director Park, tell Ji-seong to watch what he says in front of him.”

“Yes, I understand, sir.”

“And buy the 3rd building of Eunma Apartment and donate it.”

“Yes, I understand, sir.”

It was a moment that made me feel secretly delighted.

“Anyway, I guess I should start a full-fledged electronics business from now on.”

“Yes, sir, that is correct.”

“What about the boss?”

“You went to the product development lab.”

Almost a year later, the development of a color LCD screen mobile phone has not yet been successful.

“Will it work?”

“What are you talking about······.”

“Can we really make a phone with a color screen?”

“The president said he would start by miniaturizing cell phones.”

“That makes sense too.”

“The analysis is that it will be successful. The development of color liquid crystals has encountered difficulties, but they will be resolved soon.”

“My uncle is the type of person who does things if he has to.”

“grandfather.”

“why?”

“I wish Director Park was part of our family.”

“Family?”

My grandfather looked at me and Director Park with a strange look in his eyes.

‘Did I go too far······?’

It’s time for my aunt to have a son-in-law.

“Director Park doesn’t always eat with us. We’re considered family only if we eat together.”

“Okay, starting tonight, Director Park will be having dinner with us.”

Still, I think I achieved my goal.

‘Connected with my great aunt······.’

I will make Director Park my man.

* * *

GL Electronics President’s Office.

-Square, square.

The former president of GL Electronics was also watching the kimchi refrigerator advertisement that Ji Sung and the chairman of the Samjung Group had seen.

“What the hell is going on!”

The former president shouted at the gathered executives.

“Samsung Electronics released the product a day ahead of our company.”

“So, what I’m saying is, why didn’t you know that the craftsman, or rather, the Samjung Group, was going to release a product like ours?”

“I’m sorry.”

“That’s not the only problem, sir.”

“I know too······.”

“······yes.”

President Koo immediately sensed that the product design itself was not a winning combination.

‘This is how you take revenge on me······.’

President Koo shook his head with a dejected expression and muttered to himself.

This marked the beginning of an endless war between the Samjung Group and the GL Group.

“You really got screwed.”

“Plus, the price is cheaper than our products.”

“How?”

“We have no choice but to use a low-cost strategy.”

“What the heck, you want me to use a low-price strategy for a new product?”

“There’s nothing we can do. 300,000 units have already been produced. If things continue this way, sales will be slow and inventory will pile up.”

“How much dumping are you planning on doing?”

“Customers will only consider our product if it is at least 30 percent cheaper than Samsung Electronics’ kimchi refrigerator.”

“This fucking······.”

“Please make a decision, sir.”

“Whew, I can’t just leave it in the warehouse, so let’s do that for now.”

“Yes, sir.”

“And. Find a way to fight back.”

“I think it can be recovered with an electric rice cooker and a vacuum cleaner.”

“A rice cooker and a vacuum cleaner?”

“Yes, that’s right. We are focusing on developing it with a focus on lightweight.”

“Yes, we will check what Samjeong focuses on and re-strategize.”

“Yes, sir, I understand.”

“Don’t be picky about the means and methods. This is a war without gunfire.”

* * *

Episode 8