The Magician’s Memorial - Chapter 158



Only Krnovel

Episode 158 Madness. (2)

As with all negotiations.

The terms of the transaction were bound to change depending on the level of desperation.

So, is it really impossible for Samjin Electronics to manufacture smartphones without Taewoo Electronics’ patents?

I had to say that half was right and half was wrong.

Of course, if you have a patent, you can make a smartphone without any problems.

Even if permission to use the patent was not obtained, it could be made and released.

Of course, there would be a lawsuit, but it would take several years to get a result.

In that time, Samjin Electronics could have obtained a bypass patent that would allow it to produce smartphones using its own technology.

Of course, in the case of core patents, bypass patents will not work.

Compared to now, the cost of royalties to be paid has been reduced by less than half.

Therefore, there was no reason to reject Chairman Oh Hee-gun’s proposal to use key patents together.

“Of course, you can use Taewoo Electronics’ patents as long as you pay a reasonable fee.”

“The problem is the price. “If we pay the royalty price set now, we are bound to incur a loss every time we produce a smartphone.”

There are no merchants who sell at a loss.

There is an old saying, but in the case of smartphones, you could really sell it at a loss.

“I would like to provide a low royalty price, but if I do that, I could end up in jail on charges of breach of trust. “After the grandfather, the grandson can’t stand in front of the prosecution’s photo line, right?”

“After listening to you, it seems like you have some conditions in mind?”

“It’s not a big condition. All you have to do is to unconditionally install the website and apps created by Taewoo Electronics on smartphones made by Samjin Electronics in the future.”

Also called basic app.

As soon as I first purchased my smartphone, I wanted to fill the installed apps with apps made by Taewoo Electronics.

If you can do that, you can earn an amount equivalent to royalties through app fees.

“Hmm, that doesn’t seem like a bad situation. “I hope the working-level staff will discuss the details.”

“Couldn’t the Chairman and I just reach an agreement on the big picture? “Details should be left to the working staff.”

We smiled and shook hands.

Samjin Electronics was able to make smartphones by paying a small royalty.

Taewoo Electronics was given the opportunity to earn not only royalties but also app fees.

It may seem like Samjin Electronics has an advantage now, but it was a contract that became more advantageous to us as the smartphone market grew.

***

After finishing the negotiations, we headed to Captain Kang’s office.

Dimon, who was in the middle of researching the CL card, asked me about today’s negotiations, and I informed him in detail.

“I don’t immediately understand. Is there a need to lower royalties? Of course, it would be a great benefit to be able to install Taewoo Electronics’ app as a basic app, but whether or not to use the app is up to the customer. “But aren’t royalties money that can be paid unconditionally?”

“Of course it is more convenient to receive royalties. But shouldn’t Samjin Electronics also jump into the smartphone market as soon as possible so that the entire smartphone market can grow?”

The limitations of the iPhone alone were clear.

The size of the smartphone market could grow only if there were a variety of options.

Only then could we generate greater profits through the sites and apps we had created in advance.

“Do you expect the smartphone market to become bigger than it is now? “I have read several expert reports and they say it is less than 30% at best.”

“Even just 10 years from now, there will be an era where everyone from elementary school students to the elderly will be using smartphones. That’s why more than 1,500 people at Taewoo Electronics are concentrating on creating apps.”

It wasn’t just the 1,500-person IT department.

Taewoo Electronics and SAVE Investment Company were securing shares by investing in various app-related companies.

We have already created a structure and system that will inevitably increase the benefits we receive as the smartphone market grows.

“Actually, Apple will only create better products if it has a rival.”

“If you run alone, you will get tired quickly. “When a large company like Samjin jumps in as a latecomer, Apple gets nervous and runs even harder.”

It won’t be long before a war breaks out between Apple and Samjin Electronics.

Since we own a large share of Apple, it would of course be nice for Apple to win.

Even if I lost the war, I had nothing to lose.

No matter which side won, the money was bound to flow to me.

And the smartphone market was too large for one side to monopolize, so even if they won the war, they could not monopolize it.

“No matter which horse runs fast on the racetrack, it doesn’t matter who wins as long as all the horses are ours.”

“That’s right. By the way, have you looked into the CL card?”

“The situation was much more serious than I expected. Not only CL Card but the entire credit card industry is in a serious situation. “With the indiscriminate issuance of cards, the impact of card delinquency, card cancellation, and fostering of credit delinquents is growing.”

“Do you remember the situation when I handed over the Taew Card to the CL Card? “At that time, no one expected the credit card industry to become like this.”

This was said with the American real estate era in mind.

As expected with the credit card crisis, it also meant that American real estate would proceed as I said, so stick close to me.

“I will trust only the CEO. Anyway, the government seemed to be taking it easy. “If we do a little searching, danger signals are popping up everywhere, and the government can’t be unaware of them.”

“The government is trying to achieve the feat of graduating early from the IMF, but they probably didn’t want to worry about the credit card industry. Moreover, most credit card companies have a strong parent company, so they probably believe that things will be resolved on their own.”

The current ranking of the credit card industry was as follows.

It was firmly maintaining its first place position after acquiring CL Card and Taewo Card.

Second place was Samjin Card, which was using the image of Samjin Group to increase the number of customers.

Current Card was following behind, and the remaining card companies on the list had banks as their parent companies.

“CL Card is No. 1 in the industry, so it has the largest amount of bad debt, but in my opinion, FX Card seems more risky. Unlike other banks, Korea Exchange Bank is in a very weak state. Germany’s Commerzbank is providing support by investing funds, but it is bound to collapse the moment a credit card crisis occurs.”

“It looks like Korea Exchange Bank will probably be sold overseas.”

Also known as Longstar Gate.

It was an incident in which Longstar, an American hedge fund, acquired Korea Exchange Bank at a low price and realized a profit of more than three times.

The starting point of this incident was the credit card crisis.

This time, I was thinking of solving it in a different way.

“I think there will be quite a few foreign banks that would be salivating if I could hand it over at a low price.”

“How would you like to start as the president of Korea Exchange Bank?”

“Are you talking about me?”

An American hedge fund was set to have fun with the acquisition of Korea Exchange Bank.

So wouldn’t it be better for us to have fun?

I had no intention of making a profit by reselling the Korea Exchange Bank, so it was beneficial to both the country and the Korea Exchange Bank.

“Starting as the president of Korea Exchange Bank, you become the CEO of the world’s best bank.”

“Although Korea Exchange Bank is not a small bank, it is at best a bank in Korea. “It seems too small to be used as a stepping stone to becoming the CEO of the world’s best bank.”

“Can you fill me up after the first drink? “You take it slowly, one step at a time.”

“Hmm, I understand. “Let’s start with the president of Korea Exchange Bank.”

Korea Exchange Bank was too small for Dimon to take charge of.

However, he was confident that Korea Exchange Bank would become the world’s best banking group within a few years.

“ah! “Before that, we need to deal with the CL card issue.”

“We will make all preparations so that CL Card can be acquired by Taewoo Group.”

“If you need help from Taewoo Group, please let us know at any time.”

***

There is still time for the credit card crisis.

Before that, we had to focus on creating essential apps for smartphones.

It was necessary not only to win the competition with KS Telecom, but also to increase Taewoo Electronics’ sales.

“Vice Chairman, CEO Jaebeom Lim has come to visit.”

“Please ask me to come in.”

App creation was not something that could be created just because there were many IT experts.

We needed someone who had great ideas and could turn them into reality.

And I already knew who that person was.

CEO Jae-Beom Lim was the person who would develop CocoaTalk, the most popular messaging app in Korea.

The messaging app, also known as KoTalk, was the national app used by all Koreans, and I planned to introduce KoTalk to the world eight years early.

“Nice to meet you. This is Jaebeom Lim, CEO of IT Solutions. “I am truly honored that Taew Group Vice Chairman contacted me.”

“It’s an honor to meet you too.”

It was CEO Lim Jae-beom, who had the image of a typical engineering student.

Since I had just graduated from college, the number of engineering students was still low.

“The IT solution business item was very refreshing.”

“Thank you for a good look.”

Jaebeom Lim, the founder of CocoaTalk.

He was not a successful developer from the beginning.

We were currently conducting a solution business for companies, but we were on the verge of going out of business.

“The idea was good, but it seemed to be struggling in the market.”

“… … That’s right. “Big companies are already dominating the market, so it’s difficult to get involved.”

“Instead of targeting what is already a red ocean, why don’t you join me in challenging a new market?”

There was no need to waste time.

Since we had a history of losing Sayworld to KS Telecom after taking too long, we quickly got to the point this time with the intention of concluding a contract quickly.

“Any project with Taewoo Group is welcome, but I would like to know more details. “I would also like to know if Taewoo Electronics is hiring me or if it is a collaboration method.”

“Aren’t you planning on forming a joint venture with Taewoo Electronics? Taewoo Electronics will take care of everything, from the big idea, investment funds, and human resources support. “The CEO just needs to come physically.”

“You, that’s a really good offer, but I’m a little puzzled. “I don’t know why you’re offering me such good terms.”

It was a situation that anyone would have doubts about.

If I were not the vice president of Taewo Group, it was a proposal that would be called a fraud.

“I need a genius right now. No matter how good an idea, a lot of money, and manpower you have, it takes one genius to make the project successful. Like Steve from Apple.”

“Do you believe I can be Apple’s Steve?”

“Not to brag, but I meet with Steve regularly. In my eyes, CEO Jaebeom Lim is very similar to Steve.”

If you can recruit a genius, what can’t you do?

I could have said it out loud over and over again.