The Magician’s Memorial - Chapter 103



Only Krnovel

Episode 103 successor (1)

It was the last month of 1998.

Before the end-of-year CEO meeting was convened, I invited CEOs who were close to me to the planning office.

Taewoo Electronics, Taewoo Securities, Taewoo Telecom.

Although they were presidents of affiliates that were among the top ten in the Taewo Group, they were now reporting politely as if they were new employees.

“Taewoo Electronics’ sales have increased significantly. The IT department’s performance is especially dazzling. “The gaming platform that entered the U.S. exceeded 1 million users in a short period of time, and we are targeting 10 million next year.”

The gaming platform was more popular in the United States than in Korea.

The United States had a population more than six times that of Korea, so it was natural that the United States had an incomparable market size.

“How are the expansions into Europe, South America, and China going?”

“In the case of Europe, it can be launched by January next year at the latest, and there are no major problems in South America either. However, in the case of China, it is difficult to enter the market without a joint venture, so we are facing difficulties.”

Entering the Chinese market was not without its difficulties.

However, we could not give up on the second largest market after the United States just because it was picky.

Taewoo Motors had formed a close relationship with the Chinese government in order to advance into China, so it was not impossible.

“I will solve the China problem. “If we create a joint venture, we have to hand over half of the profits, but if we succeed in entering China, we can increase sales several times higher than now.”

“And Berry, the music site, is also growing at a fast pace. In particular, user satisfaction is very high thanks to the 50% discount policy on Berry usage fees for Taewocommunication users only.”

“Are the music broadcasts of the three broadcasting companies also helping?”

“This has been very helpful. As the director predicted, the Korean music market has been reorganized around idols. “Idol fans are even using multiple accounts to download or play music to raise the rankings of the singers they support.”

As expected, the music site was growing centered around idol fans.

The problem was that regular users who could not accept idol music had to be taken into consideration.

“Include a genre-specific ranking system separate from the music ranking site. That way, even general users can use the music site without any hesitation.”

“We will work with the IT department to make this possible as soon as possible.”

Taewoo Electronics’ turn has come to an end.

Now, Taewoong Communications has taken over the baton.

“The gap between Taewoo Telecom and KS Telecom is now almost non-existent. The rankings change depending on which side has the strongest event. This is thanks to the attraction of subscribers through gaming platforms and music sites.”

“You mean you’re going back and forth with KS Telecom. Next year, we need to widen the gap with KS Telecom and rise to first place alone.”

“We are already running various discount events, but KS Telecom is also not shying away from fierce competition.”

Korea’s domestic market was limited.

In the end, it was bound to become a fight to take the pie, and in order to stop the fight, an overwhelming winner and loser had to be determined.

“You’re saying we’re going to have a bloody competition, right? Then you have to press it with money.”

“Do you offer further discounts on telecommunication prices?”

“Unconditionally, set a rate that is 10% cheaper than KS Telecom. And new TV commercials are released every quarter.”

There was no reason to avoid a fight over money.

Even if I chose the wrong opponent, I chose the wrong person for a long time. You can’t believe you’re bragging about your money to Taewo Group.

“Director, there is a limit to the funds available at Taewoong Communications.”

“I have something in mind about that. “Let’s move the IT department to Taewoo Communications.”

“The IT department is just starting to turn a profit.”

From the perspective of President Woo Seong-il, it was an unfair situation.

The initial investment was made by Taewoo Electronics, but Taewoo Telecommunications ended up benefiting from it.

“Then let’s do it like this. “Instead of relocating the IT department, the IT department provides new services exclusively for Taewoong Communications.”

“That is quite possible. “By the way, what service are you talking about?”

“We plan to create a platform where you can watch movies over the Internet. To put it simply, we are creating a movie platform just as you can enjoy various games through a platform.”

The service I was talking about was OTT.

In the United States, Netflix has already started its service this year.

However, it was not enough to be called OTT, and it was a method of renting DVDs online.

Internet streaming service will be launched by Netflix in 6 to 7 years, so we will be the first to dominate that field.

“Are you saying we want to provide a service where you can legally download and watch movies? But that method has the disadvantage of making piracy easier.”

“Right now you have to download it, but as Internet speeds get faster, you will be able to watch the movie by playing it on the site in real time. Until then, you just have to accept the criticism.”

“Which film distributor would agree to such a service?”

“It may be difficult for new movies, but we can only conclude contracts with movies that have been released for a long time or classic movies.”

You can’t fill up on the first drink.

First of all, it was enough to focus on providing an unconventional service, and that alone was enough to widen the gap with KS Telecom even a little.

Taewoo Communications’ report was over, and now it was Taewoo Securities’ turn.

“The size of the fund is increasing day by day, and in the case of home trading systems, Taewoo Securities takes the overwhelming first place.”

“Please just keep doing it like you do now.”

There was nothing particularly flawed about Taewoo Securities.

It had the No. 1 fund and No. 1 home trading system, and was soon able to take over the No. 1 securities firm position.

“Then, organize today’s conversation well and prepare for the upcoming president’s meeting.”

“Thank you for your kind words.”

The three presidents bowed their heads and left the general manager’s office.

At that moment, as if I had been waiting for it, I received a call from Captain Kang.

[Representative, we have captured circumstances where Japanese funds are flowing into Myeong-dong. It’s not a large amount yet, but I’m calling because I feel like I need to report it.]

“Tell me in detail. “Where is the money coming from Japan?”

[Yakuza forces are sending Japanese funds to Myeong-dong through Busan.]

“I’m going to the office right now, so get your materials ready.”

I quickly moved to Captain Kang’s office.

In the meantime, Captain Kang called Dimon to the office.

“How much Japanese capital has flowed into Myeong-dong?”

“The amount identified so far is approximately 200 billion won. “The amount secretly received is expected to be even higher.”

“They are targeting the Korean private bond market in Japan.”

Dimon showed interest.

Dimon is currently managing an external consulting firm.

He was the ace of a famous investment company on Wall Street, and had the ability to understand the current situation at a glance.

“The private loan market in Myeong-dong has shrunk significantly, so you might think now is an opportunity.”

“If you run a private loan business in Japan, you can only receive an interest rate of less than 20%, but in Korea, there is no upper limit. “There is no reason not to enter the Korean market because you can earn at least two to three times more in interest.”

Dimon’s logic was correct.

This was Korea, where financial engineering had not yet developed.

On the other hand, Japan developed financial engineering early on, so Korea was a good prey.

“Since the maximum interest limit law was abolished due to the foreign exchange crisis, Japanese loan companies will be salivating.”

“The highest interest rate was abolished in January of this year. “It feels a bit late to have entered the market now.”

“Hmm, I guess I’ll have to use my hands.”

It was not something Taewoo Group should have done anything about.

But in the grand scheme of things, it didn’t matter at all.

Only when the domestic market becomes healthy will Taewoo Group’s sales ultimately increase.

However, if Japanese loan companies turn people into money slaves with high interest rates, the domestic market will ultimately take a huge hit.

The money that needs to come from us.

How can you stay still when you have a Japanese loan business?

“If funds from SAVE Investment Company are invested, it can be prevented, but if it enters the lending business directly, its image will suffer a major blow.”

“That’s why you need a middleman.”

Gwanghwamun Bear was supposed to act as an intermediary.

But since he became a star in the sky, I had to find someone else.

I had to choose between two people who claimed to be the successor to the Gwanghwamun Bear.

“Let’s take some time first. I put pressure on the government through my grandfather. “Even if the loan business law is implemented by presidential enforcement decree, the flow of Japanese funds into Korea will slow down.”

“There is no way a Japanese company would just come in. There is a high possibility that a huge cartel has been formed, including the government, related ministries, and politicians.”

I nodded at Captain Kang’s words.

Would a Japanese loan company just come to Korea?

Since I have faith in them, they will bring funds to Korea.

“We have to touch it to find out how big the cartel is.”

“Wouldn’t it be possible to become a Tacho sergeant?”

“Knock on the grass to scare the snake. Nowadays, it is often used to tell people not to make mistakes, but it also means to reveal the other person’s identity.”

If you touch the grass, a snake will appear.

Of course, if you don’t have the strength to deal with the snake, you might get eaten by the snake.

If you had enough money to deal with snakes, you could hunt them.

“Then we will move our people to gather more detailed information.”

“It’s been a while since they started moving around.”

The people on our side that Captain Kang was referring to meant fund subscribers.

Even government agencies, including the prosecution, police, and National Tax Service.

We attempted to recruit people who had been pushed out of the faction by signing up for a fund.

The number increased to a large number every year and was now formed into a huge faction.

“And there are many suspicious aspects of Chairman Lee’s death at Gwanghwamun. “The doctor who pronounced him dead left for the Philippines last week.”

“Can you find it?”

“We have already sent someone to the Philippines. “They are like ghosts when it comes to finding people, so you will be able to find them quickly.”

“Please prepare enough money for activity expenses. “I don’t want people to say that I failed because I didn’t have enough money.”

“We provided funds to cover lodging and lodging at a five-star hotel in the Philippines. And I have another question. “Just a few days before his death, Chairman Lee inherited an amount worth over 10 billion won to his grandson Lee Young-han.”

The death of the Gwanghwamun bear was strange in many ways.

I definitely checked Lee Young-han’s detailed information, but I didn’t find anything unusual.

If so, it would mean that Lee Young-han had nothing to do with the death of the Gwanghwamun bear.

However, suspicions about Lee Young-han continued to be discovered.

“First, secure the identity of the doctor. Also, find out in detail who Lee Young-han is meeting with.”

“We are closely monitoring 24 hours a day.”

“People in Myeong-dong are very suspicious. “Don’t make a mistake by getting caught for no reason.”

“Even in Myeongdong, it’s all about amateurs. We are using equipment used by the military, and have even introduced the latest equipment from the United States. “Surveillance is possible outside the scope of their suspicion.”

In the current situation, everything was questionable.

First, you had to touch the grass to reveal the snake in order to infer anything.