The Magician’s Memorial - Chapter 374



Only Krnovel

374. Caprice (4)

There are only a few days left in 2013.

The last presidents’ meeting of the year was convened.

The CEO of an affiliate with high sales attended the meeting with great enthusiasm, but the CEO with low sales entered the meeting room with his head down.

“We will begin the 2013 closing ceremony and presidents’ meeting. Please start the report from Taewoo Electronics.”

Following the planning director’s lead, the financial reporting began.

The president of Taewoo Electronics, who was the first to report, took a very confident stance.

Just by looking at their posture and facial expressions, you could feel how good Taewoo Electronics’ performance was this year.

“Taewoo Electronics has renewed its highest sales record for four consecutive years. In the case of home appliances in collaboration with Apple, sales volume is increasing significantly every year, and it continues to be ranked first in Korean home appliance sales. Although it is only a very small difference in the global market, We took first place.”

“I understand that the revenue received from royalties is greater than the revenue from home appliance sales.”

“We receive royalties from many companies, including Apple. In particular, Taewoo Electronics’ technology is essential for any company that manufactures smartphones.”

It was Taewoo Electronics, which possessed much of the original smartphone technology.

This was thanks to the fact that I purchased the original technology for smartphones from all over Japan, the United States, and Europe, and also created the original technology based on my memories.

Therefore, Taewoo Electronics was able to make a profit even without producing home appliances.

“The current Taewoo Electronics should be seen as growing through collaboration. If it cannot perfectly establish its own brand image, it would not be surprising if it falls behind at any time. So, make sure to produce innovative products based on more investment.”

“We are continuously planning new products based on artificial intelligence. And in the case of the artificial intelligence speaker released by Taewoo Electronics, it is evaluated as having technology that is at least two levels higher than any other product in the world.”

Taewoo Electronics has already established a system.

Excellent human resources continued to flow in, and they also had a cash cow that could invest a huge amount of money.

So, if we didn’t have an accident, we could at least maintain the current situation.

It was enough to just whip him enough not to get cocky.

“Enough about Taewoo Electronics, let’s move on to Taewoo Communications.”

“Taewoo Telecommunications is firmly maintaining its No. 1 position in Korea’s market share. And we are actively making inroads into Europe and Southeast Asia and making significant investments.”

Taewoong Telecom has also completely established itself as the No. 1 company in Korea.

In particular, we were able to secure more subscribers through artificial intelligence speakers and smart TVs developed by Taewo Electronics.

“Soon, Taewoo Communications will start a new business. We are in talks with an American satellite company, and a low-orbit communication network division will be added. Please be aware of that and prepare accordingly.”

“Oh, I understand!”

It was the CEO of Taewoong Communications who was embarrassed.

As expected, Taewoong Communications was a company that had little to do with artificial satellites.

But how absurd would it be to suddenly start a low-orbit communication network business using artificial satellites?

Still, he was the CEO of Taewoong Communications who never said he didn’t like it.

“Next, let’s listen to Taewoo Motors’ report.”

“Sales of electric vehicles are steadily increasing. In particular, the number of customers who want Apple Cars is increasing. Thanks to this, sales of internal combustion engine vehicles are also increasing. It has ranked first in the domestic automobile industry, and is ranked first in the world automobile industry. “We have risen to third place in the industry.”

The Apple Car was a huge success.

Apple used the name of Apple to capture the hearts of customers in the unfamiliar electric vehicle market.

Of course, this was possible because Taewoo Motors’ technological prowess was outstanding, and this result was possible by investing a large amount of money over a long period of time for the electric vehicle market.

“If combined with GM’s sales volume, it could reach second place in world sales.”

“Currently, second place is Volkswagen. If we combine the sales of GM, Taewoo, and Kai cars, it could slightly surpass them and rise to second place.”

“If we maximize electric vehicle sales, it is possible for us to become number one in the world. Please work hard to become number one completely, not just take first place for a while.”

“We will run without stopping until the day we become number one in the world market!”

Automobile affiliates were also booming.

Of course, considering the money invested in developing electric vehicles so far, it cannot be said that the company has turned into a profit yet.

However, the entire investment was able to be recovered within at least two years, and by then it would be possible to become number one in the global market.

“Next, let’s hear the story of Taewo Semiconductor.”

Starting with Taewoo Electronics, Taewoo Motors, semiconductors, and IT.

We received successive reports from affiliates that were generating high sales.

Until now, reports had been received with a happy smile, but when it came time for an affiliate company, which was mired in deficit, to report, the atmosphere in the conference room changed.

“I will give you a report from Taewoo Corp. The number of subscribers to the Internet commerce service ‘Rocket’ has exceeded 5 million. The domestic Internet shopping population is estimated at 20 million, so more than 25% of the population is using Rocket.”

“The Internet shopping population will continue to increase. Even after 10 years, there will be more than 30 million people. Therefore, the number of Rocket subscribers should also exceed 10 million.”

First of all, it started with a good story.

Rocket has the largest number of subscribers among Korean internet shopping companies.

Why did the number of subscribers increase in a short period of time? This was possible because we provided high-quality services, and high-quality services tend to cost a lot of money.

“Last year, sales exceeded 1 trillion won for the first time. However, operating losses amounted to 550 billion won.”

“The loss was less than expected. We expected a deficit of over 600 billion won, but we were able to defend by 50 billion won thanks to Taewoo Trading’s excellent management ability.”

“I’m sorry. I tried to reduce the amount of loss as much as possible, but it wasn’t enough.”

“You seem to misunderstand what I said. I was not criticizing Taewo, but rather praising him. We will continue to see a loss of more than 500 billion won for the next few years. Sales must reach 10 trillion won to turn into a surplus. So don’t be too hasty.”

Rockets were still in the development stage.

It was growing rapidly as it was investing over trillions of dollars every year.

Internet commerce companies were giving up the game of chicken one after another.

If this trend continues, the company will be able to dominate the Korean market within three years.

If that were done, the size of the deficit was not important because it would be possible to generate profits exceeding the deficit seen so far.

“We are still building new warehouses and installing automation equipment in all of them.”

“You just have to keep doing that. And the deficit is too small. Make aggressive investments with the mindset that you will see a deficit of 1 trillion won next year.”

Are there cases where you get scolded for having a small deficit?

I didn’t want to scold him, but I needed to take extreme medication for Sergeant Taewoo, who was so depressed.

“However, the underground resources division is seeing a bigger loss than the rocket. This year alone, we saw a loss of close to 600 billion won.”

“Underground resources are such a field. But if you start mining and sell, you can quickly make up for the deficit.”

“It is expected that full-scale mining will be possible starting next year. In particular, the mining infrastructure in Mongolia is nearing completion.”

Taewoo Group is overflowing with money now.

There was a time when, anticipating a lack of money, we had to bet on everything from the Japanese earthquake to the financial crisis in Europe and fill up our treasuries.

In addition to acquiring large groups such as GM and AIZ, the treasury was empty because all of the company’s internal reserves were used to invest tens of trillions of dollars in underground resources.

There is not much time left to recoup the enormous investment.

Not only will the investment be recovered, but Taewoo Group will have no need to worry about other countries or companies due to a lack of underground resources.

“Please start mining from the moment the infrastructure is completed.”

“Mining is possible, but the problem is transportation. Unless it goes through China or Russia, transportation is difficult.”

“That problem will be resolved soon, so don’t worry. Boss Taewo, please just focus on mining.”

“I will take care of it myself so that mining can begin in earnest early next year.”

A large amount of money was also invested in Mongolia.

About 20% of the amount spent by the Underground Resources Division was spent on Mongolia.

That’s how important Mongolia was to us, and we could only properly utilize the Mongolian market by opening up transportation routes through Russia and China.

“What is the situation at Taewoo Construction?”

“The construction market is still frozen. However, thanks to Taewo Construction’s introduction of the post-sale system, unlike other construction companies, there is no shortage of orders. However, the problem comes after the apartments are completed.”

“If an apartment is built, it will be sold at some point. And the unsold units can be supplied to the dormitories or employees at the Taewoo Group level.”

It was a time called the apartment sales crisis.

Apartments were sold through home shopping, and a new method of buying an apartment after living in it first was introduced.

But all I had to do was endure the current period.

The price of apartments in Seoul was expected to more than double within 10 years, and just building an apartment with Taewoo Group’s money could double the profit.

We can also push the volume to Taewoo Engineering & Construction.

Taewoo Group had no problem at all as it was a post-sale business that could double profits.

However, because he did not know this future, the worries of the CEO of Taewoo Engineering & Construction had no end.

“The problem is that the sale price is much higher because we use better materials than other construction companies and pay attention to noise between floors.”

“The more difficult times are, the more you need to pay attention to image management. If you build an image of a premium apartment now, it will be of great benefit during the real estate rise. If other apartments rise by 10%, Taewoo Group’s apartments will rise by 15%, so continue to pay attention to quality. Please write.”

The closing ceremony concluded with Taewoo Construction.

The current Taewoo Group should be seen as a sleeping dragon.

It could be said that it is too big of a leap to call Korea’s No. 1 business group Jamryong.

It could be seen that it was a time when they were struggling for a while to become the world’s No. 1 group.

The moment you wake up and stretch.

Taewoo Group was able to soar to the world’s No. 1 group in one fell swoop.

* * *

The new year of 2014 has arrived.

The busiest affiliate of Taewo Group was, of course, Taewu Securities.

The entire financial tower was united as one and working hard on one project.

“All preparations have been completed. Now we can proceed the moment Russia moves.”

“It will start moving within April at the latest.”

“Through David, I am checking information from the White House, Wall Street, and inside Russia in real time. However, if Russia makes any moves, I expect it will be after the Winter Olympics are over. … In fact, Russia will attack the Crimea Peninsula. “There are many views that view it with skepticism.”

This operation was Russian.

A plan was set up to prepare for the moment Russia attacks the Crimea.

It was a plan based on the assumption that the United States would impose sanctions on the Russian economy.

Not only Taewoo Securities but also financial companies affiliated with Financial Tower had all invested enormous amounts of money.

What if Russia doesn’t move?

We would have to pay huge interest costs every month.

The unity of financial tower financial companies could have collapsed in an instant.

“Russia will definitely move. Russia is not a country that will wait just because the Olympics are held there.”