The Magician’s Memorial - Chapter 201



Only Krnovel

Episode 201 Age of Confusion (5)

IT powerhouse.

It was a word often used when describing Korea.

However, since Korea was a country with many regulations and restrictions, it was very difficult for a new IT company to survive.

Fantasy TV was like that too.

Although it maintained a much higher market share than YouTube at the beginning of its launch.

Due to huge network usage fees and discriminatory policies against domestic companies, the company suffered losses, and eventually its market share fell and users left.

However, CEO Kim Ik-soo was unaware of this future.

I was buoyed by a hopeful future.

“I understand your concerns. However, more than 50% of the development has already been completed, and we are confident that it will attract a huge number of users once it is released.”

“I agree with that. However, the video platform is a business that can never survive by targeting the domestic market alone.”

“Vice Chairman, is that why you want me to quit the video platform business? Or do you want to talk about building it together with Taewoo Group?”

It was CEO Kim Ik-soo who could not control his emotions and raised his voice.

Because I understood his feelings, I answered in a low voice as if comforting him.

“It’s both. I will take over your company and business. And why not work with me and others to create a video platform that can target the global market?”

“Are you telling me to sell the company to Taewo Group and become an employee of Taewo Group?”

“I will give you 5 billion won as the sale price. And it does not mean that you become an employee of Taewo Group. Several companies will join together to create a video platform joint venture. “I encourage you to become a manager of that company.”

It would be a difficult proposal for CEO Kim Ik-soo to accept.

Give up on a service that hasn’t even been released yet.

Still, because he asked for a large sum of 5 billion won, the color of his face changed by the second.

“Doesn’t acquiring a company and business for 5 billion won mean that there is a good chance of success?”

“It is a service that is difficult to succeed in the Korean market and can be very successful if it goes out on the world stage and receives a lot of push.”

“It’s shameful to say this, but I think you might be making this offer to steal our company’s technology.”

I expected something like this to come out.

Anyone who runs a venture business in Korea has probably heard countless times that it is the tyranny of large corporations.

You’ve probably heard and seen countless cases where people around you have had their technology or patents stolen by large corporations.

Even before meeting CEO Kim Ik-soo, I expected this conversation to take place.

Preparations had been made accordingly.

“Please tell Cheon Min-jeong to come inside.”

I put a phone call in the secretariat and called Cheon Min-jeong.

She came into the vice president’s office with her laptop bag.

“Did you call me?”

“Minjeong Cheon, please show CEO Iksu Kim the video platform site the IT department is creating.”

“All right.”

Cheon Min-jeong took a seat next to CEO Kim Ik-soo and opened her laptop.

When she clicked on a few icons with her mouse, a very familiar video platform site appeared.

“It is a real-time video sharing site. We made it possible to insert advertisements at the beginning of the video, and made it possible to skip in real time with a system that increases the level according to the number of subscribers. And 0.5x and 2x speeds have been implemented.”

“Huh, how already? A video site that is much more complete than the service our company is creating?”

It was CEO Kim Ik-soo who couldn’t keep his mouth shut because he was shocked.

Would this be the reaction of someone who discovered a new world?

It could have been a new world for him.

Because it was a site that realistically imitated the video platform used before the regression.

“As you can see, we don’t really need the technology that CEO Kim Ik-soo’s company has. “We just want someone to work with us to create a video platform that will work in the global market.”

“… Haven’t you already made it all? “It seems like there’s nothing I can do to fix it.”

“We are at the stage of improving perfection. And there are still many shortcomings.”

It was literally just an imitation site.

Although Cheon Min-jeong surprised CEO Kim Ik-soo thanks to his outstanding ability.

When we dug into it, there were a lot of loopholes, and we needed the help of many people to properly launch it as a video platform.

“Whoa, my mind is so confused. There are too many uncomfortable aspects to accept the offer, and if I don’t accept it, I don’t have the confidence to compete with the video platform being created by Taewo Group… … .”

“Is there anything uncomfortable about it? All you have to do is get 5 billion won and join us. “We will ensure that all employees at your company receive the best treatment in the industry.”

It was CEO Kim Ik-soo who was struggling with his head.

He opened his mouth only after pulling out a handful of hair.

“Can you just tell me that? Didn’t you say that several companies would enter the video platform market through a joint venture with Taewo Group? “I just want to know where those companies are.”

“I will tell you, but please keep it confidential. “First of all, we, Taewo Group, Google, Amazon, and Apple plan to join hands.”

“Google, Amazon and Apple?! I will accept the Vice President’s proposal. “I don’t want to compete with such global companies.”

It was CEO Kim Ik-soo who quickly grabbed my hand.

Seeing that, the head of the planning office presented a contract prepared by the legal team, and CEO Ik-soo Kim signed the contract without even thinking about it.

“The details need to be agreed upon among the working-level staff, so I will send someone tomorrow.”

“Thank you for the great suggestion.”

If you can’t win, join.

It was a famous quote from a soccer player.

CEO Kim Ik-soo followed that famous saying.

I watched him leave the vice president’s office with a smile, and as he went out, Cheon Min-jeong quietly spoke to me.

“Vice Chairman, but do we really need to join hands with global companies? “I don’t know much about management, but I do know that the shares that Taewo Group can have will decrease.”

“In order to monopolize the global market, we need to make many copies of the same product.”

Actually, I did say this.

Google, Amazon, Apple.

I owned close to a majority or more of the shares of all these companies.

On the outside, it may seem like a collaboration with a global company, but if you look at it closely, it is just an act of moving an object from your right hand to your left hand.

“You’re saying that having a lot of allies is more important than having shares.”

“Yes. There will be a lot of checks on video platforms. “We need to secure reliable allies in preparation for that time.”

“ah! And I have more to tell you. We succeeded in creating a deep learning algorithm for baduk. “I’m learning hard right now, and I think there’s a chance that if I upgrade a few levels, I’ll be able to become as good as a professional Go player.”

The level of a professional baduk player?

Even Cheon Min-jeong had a low opinion of the potential of deep learning artificial intelligence.

Deep learning artificial intelligence was capable of producing more than just professional skills.

“If you need help from a Go player for your research, please let me know at any time.”

“We will be conducting an experiment on a site where you can play baduk, so it is not needed right now.”

“It won’t be long before an unknown master appears on a baduk site.”

“And while I was creating a video platform, an idea occurred to me and I created some algorithms. “We created a simple algorithm that recommends videos that suit the user’s tastes and an algorithm that sanctions pornography.”

Cheon Min-jeong was this kind of person.

Algorithms that would have taken experts for months to create would often be created overnight.

Isn’t this why I cherish her and even put on a show for her younger brother?

“You must be busy researching artificial intelligence. When did you create this algorithm? “You didn’t cut down on sleep, did you?”

“I made it during break time. “When I create an algorithm, I get rid of distracting thoughts and feel like I’m resting.”

I saw an interview like that before.

An interview with a medical student at Seoul National University about solving math problems during break time.

Cheon Min-jeong was of a similar type.

Except for the difference that it is creating an algorithm rather than a math problem.

“Is Minwoo doing well in school? If something similar happens again, please let me know at any time. We will provide support at the group level.”

“They say there is no such problem these days. In particular, the school contacted me saying they would provide special care for Minwoo after he was selected as a Taewoo Group scholarship student.”

Cheon Min-jeong or Cheon Min-woo.

Somehow, the people in that family had a deep relationship with the prosecutor’s family.

Cheon Min-jung was bullied by the prosecutor’s son, and Cheon Min-woo was also bullied.

Perhaps the prosecution will not attack Cheon Min-jeong on a large scale later?

“thank god. “I’m going on a business trip to the U.S. soon, so we’ll hold an idea meeting after my visit.”

“In the meantime, I will accumulate a lot of ideas and create various algorithms.”

It was Cheon Min-jeong who spoke so clearly.

It just looked so pretty.

If her ideas and algorithms were converted into money, they were worth more than the sales of most business units.

***

We came to the United States in time for the Super Bowl.

Without having to find a place to stay, I unpacked at SAVE Investment Company.

Since it was a SAVE investment company that had everything from shower rooms to beds, there was no inconvenience at all.

“boss! Would you like a beer?”

David, who had just finished his vacation, came next to me with beer and popcorn.

His skin had turned a healthy bronze color, as if he had had a good time at the resort.

“On days like today, you should drink beer.”

“I didn’t know the boss would like the Super Bowl, too. I heard that American football is not very popular in Korea. “Boss is interested in American football, probably because he graduated from college in the United States.”

“Actually, I’m not really interested. I don’t know the rules and I don’t know the players’ names. “I don’t even know what teams there are.”

“Then why did you ask me to watch the Super Bowl with you? If it weren’t for the boss, I would have been in that stadium. “I had a hard time finding a ticket!”

There was no particular reason.

I just didn’t want to see someone who went on vacation watch the Super Bowl.

I smiled teasingly and emptied a can of beer in one go.

“I’m tired because of jet lag. “I’m going to lie down for a while, so wake me up when the halftime performance starts.”

“You can enjoy the halftime performance even if you don’t know anything about American football.”

I reclined my chair as far back as possible and tried to sleep.

I slowly fell asleep with the regular sound of popcorn chewing.

“boss! The halftime performance begins! Hey, it’s a joint performance between Janet Jackson and Justin. “This is a scene as rare as the joint speech between Boss and Steve at the Apple Developer Conference.”

“It’s true even if it’s an analogy.”

The Super Bowl performance was a dream stage for all artists.

That’s why we were able to recruit famous artists without receiving a single penny of performance fees.

Two singers who are sweeping the Billboard charts were working together to create a perfect stage.

Until now.

“Uh huh huh! What is that? Boss, did you just see it? “It’s absolutely crazy!”

An incident occurred so great that David could not help but be shocked.

That too during the Super Bowl halftime performance watched by over 100 million people.