Chapter 114
Channel 7
In the days when all wealth was made up of coins, I experienced an increase in wealth 10 times or 20 times in a short period of time.
During the year, I launched several businesses and tasted the sweetness of success.
‘There is nothing to be afraid of because the heart is trained like this.’
They said it would be good to have 100 million, but I have saved 100 million dollars in retirement funds.
Even if you fail, you have the perfect conditions to be happy.
―Kim Shin: I bought a large building in Los Angeles.
―Oh Myeong-woo: Really?
-Kim Shin: Yes. It’s a 35-story building. From now on, I am the owner of the building.
―Myungwoo Oh: I’m envious.
―Kim Shin: If I buy a building in San Francisco, I plan to donate it to you.
Considering what he has done so far as Vice President of Earth Resources, wouldn’t it be far short of a large building?
Without Oh Myung-woo, we would not have been able to achieve even half of the success we have achieved today. Maybe the business failed.
-Oh Myeong-woo: Really?
-Kim Shin: Yes. I’ll take care of the tax problem perfectly and hand it over to you.
―Myungwoo Oh: Hmm… … .
I was so moved that I didn’t say anything for a long time.
―Oh Myeong-woo: Are you trying to buy my favor with money?
―Oh Myeong-woo: That’s too much money to refuse.
If Myeong-woo Oh works as vice president, wouldn’t he have to keep buying buildings?
We made light jokes and started talking about business.
―Kim Shin: Are you ready to open Channel 7?
―Oh Myung-woo: It did technically. Employees are still lacking. Sooner or later, the number of subscribers will exceed 300 million.
It was true that there was a bubble in the subscribers of Earth Channel.
It was thanks to the cheap fee of 5 dollars, new services, Top Gun and Korean content that were constantly being uploaded to the media.
Chinese users also signed up one after another.
‘I shouldn’t dwell on China.’
They had technically prepared a way to avoid the Chinese government’s blockade. Even so, I decided to think about sales in China only as a bonus.
Because whenever you have regrets, you will be dragged around.
―Kim Shin: Let’s open Channel 7.
―Myungwoo Oh: Really? Service errors can occur if you are not thoroughly prepared. You never know how many people upload videos and get traffic.
Broadcasting and movie contents were expendable.
Even if it is a masterpiece movie or drama, people who have watched it once do not find it again soon.
On video platforms like YouTube, users uploaded numerous videos and consumed them frequently.
Even if there were only 50 million users, traffic could increase several times.
―Oh Myeong-woo: Even if you fail, it’s a problem. If Channel 7 goes bankrupt, a lot of articles will come out and users will be shunned. It can adversely affect the entire earth channel.
As the saying goes, well begun is half done.
If it failed in the early days of service opening, it was difficult to raise the atmosphere again.
Before I left for vacation, I would have had no choice but to hesitate, but after a good rest, my energy and confidence surged.
-Kim Shin: Don’t be too pressured. Taking your time doesn’t greatly increase your chances of success.
-Oh Myeong-woo: Well, that’s not true.
―Kim Shin: Let’s start with an open beta format. Users will be able to understand a little more.
―Myungwoo Oh: That’s a good way. Even if the open beta game is full of bugs, I’ll watch it as long as it’s fun.
-Kim Shin: That’s right. If you get paid for advertising, you have to distribute the profits to the people who uploaded the video.
―Myungwoo Oh: That’s right. If it’s free, who will upload it?
One of YouTube’s secrets to success was to distribute advertising dollars to video creators.
As a result, a new occupational group has been created to the extent that there are YouTubers who earn from tens of millions to hundreds of millions of won every month.
It was to the extent that elementary school students picked YouTubers as the job they wanted to do the most.
―Kim Shin: Let’s pay advertising expenses with source coins.
―Myungwoo Oh: Really?
―Kim Shin: In order to stabilize the price of Source Coin, the amount of issuance must be increased. The entire advertising cost cannot be paid in source coin, but only up to 10%.
―Myeong-Woo Oh: The reaction of Source Coin so far… … Streamers going crazy?
-Kim Shin: That’s what I’m saying.
By increasing the issuance volume, we suppress the price increase of Source Coin and help the business success of Earth Channel.
‘There’s an easy way to hit the box office. But do I need to save it?’
Do what you can.
You may fail, but there is no point in worrying about whether or not you will succeed without trying.
‘If the coin price is on the rise… … I have to make good use of it.’
And one more thing, I made a bold decision while on vacation.
As soon as I finished my conversation with Oh Myung-woo, I texted someone else.
―Kim Shin: Are you still busy?
―Allison: Yes. That’s right. To ensure that shopping malls do not remain out of stock, the entire business unit continues to work overtime.
shopping mall division.
It was serving as a key cash cow for Earth Resources.
There is so much work for the staff to do, but staffing hasn’t been done as quickly as we’d like.
―Kim Shin: The department store where you used to work. I saw an article about bankruptcy a while ago.
―Allison: Yes. I heard from a former co-worker that I tried hard to hold on, but the deficit piled up and eventually went bankrupt.
As Internet shopping increased and the coronavirus exploded, the US department store industry entered a period of extreme stagnation.
At Macy’s Department Store, the largest department store chain in the United States, the majority of employees are drastically reducing stores on unpaid leave, and luxury department stores are preparing to file for bankruptcy protection.
―Kim Shin: I plan to take over the entire bankrupt department store.
―Allison: Yes? Are you thinking of entering the department store business?
―Kim Shin: We are not aiming for the offline market. We are integrating our department store into Earth Resource’s shopping mall division.
A plan to take over a department store and use the store and its employees in the shopping mall division.
―Kim Shin: We will be able to recruit staff with experience in shopping and online sales. Many of the items in department stores can be sold online.
―Allison: It is.
―Kim Shin: The department store building can be used as a warehouse and a delivery destination. We also do general sales to our customers.
―Allison: It’s a very big business, isn’t it?
It is to swallow a whole chain of department stores with six large stores in California alone.
-Kim Shin: That’s right. Will Allison do this for you?
It’s a difficult thing for me to do, but I can do it if I have an employee with the ability.
―Allison: It’s what I used to do, so I guess I can do it.
―Allison: But what about employees and layoffs who haven’t been paid for months because the department store went bankrupt?
Jobs were very important in America.
―Kim Shin: I will bring the staff as they are. Earth Resources doesn’t need layoffs.
A text message came after a while.
―Allison: Thank you. For me, they are old co-workers, and some of them are close friends like family.
―Allison: I will work harder for Earth Resources.
The shopping mall division was overworked.
I am at the level of worrying about whether I will be in violation of the US employment law, but how much will I be able to work harder than I am now?
I just decided to take that heart.
―Kim Shin: Please continue as you are now.
-Allison: Yes… … .
Thoughts after texting Alison.
‘Is this a vacation?’
The feeling of staying in business by coming on vacation.
Although, of course, it is other people who actually do the work once important decisions are made.
I waited until it was lunchtime in Korea and sent a text message to Jo Soo-ah.
―Kim Shin: I’m going to take over the department store this time.
―Joshua: A department store?
-Kim Shin: Yes. The shopping mall business is doing well. I will try to grow my business more.
Sometimes I feel like bragging like a child.
Talking with Jo Soo-ah relieved tension and made me feel at ease.
The person who has great wealth, but has liked me since I was poor, not the person I am now.
It seems that I realize little by little as time goes by how precious such a person is.
“older brother.”
“yes?”
I was texting with Jo Soo-ah in the garden when Lee Jong-yeop came running to me with an urgent expression.
“President-elect Biden says he wants to meet his brother.”
“really?”
“Yes. I got a direct call from the president-elect’s chief of staff. I politely invite you.”
* * *
Even after being discharged from the hospital, Dr. Lee Ho-yeon had been working at the Bio-Life Lab.
Grab a simple instant meal and take a nap in the corner of the lab.
Together with the researchers, AI Surin’s candidate materials for COVID-19 treatment were tested for their suitability and analysis.
“Hoyeon, the corona vaccine has already been released. Why don’t you use your talents for cancer or other incurable diseases?”
A lot of Professor Paul and other researchers were participating in Biolife.
Despite their dissuade, Lee Ho-yeon’s interest was only in Corona.
“Corona isn’t over yet.”
“There is a vaccine. Pfizer will also launch it next month. If we do thorough quarantine like Korea, the damage can be suppressed.”
“okay. Hoyeon. you’re doing too much My body can’t stand it.”
Lee Ho-yeon believed that there was truth in what people said, but he did not want to change his mind.
“The risk of corona virus will gradually decrease thanks to the vaccine. But the more infected there are, the greater the chance of mutation.”
“Normal mutations have a lower fatality rate and higher infectivity, isn’t it?”
“What if there is a mutation that increases the fatality rate like MERS?”
I always assumed the worst and moved.
* * *
The official term of office for the US president started on January 20, so there were still two months left.
The invitation of the president-elect, who will be meeting a lot of people, is a great event, but of course it will happen.
Nonetheless, with the help of Washington lobby groups, I tried to figure out why.
“It seems that not only my brother, but also bank presidents and Wall Street tycoons were invited.”
“I don’t mean to meet alone.”
It’s a little sad, but I’m glad that the burden is less.
“It looks like you’ve planned a meeting with a financier. Wouldn’t it be nice to say hello and come out after hearing a good story?”
“Perhaps.”
Many people participated, including well-known Wall Street fund managers and investors.
It was a meeting with the presidents of Morgan Stanley, Goldman Sachs, Bank of America, and high-ranking officials from the Treasury Department, who had been bankers for decades.
* * *
The Earth channel posted a notice on the main screen.
―The video service will start next week.
It was an earth channel that had over 300 million users. Perhaps because of that influence, articles started appearing right away.
〈Earth Channel, user-produced video service open beta announcement〉
〈Earth Channel dominates the OTT market, the next move is a video platform〉
〈Earth Channel grows at an alarming pace. Expansion to the video platform market>
Starting with the US media, articles appeared in each country where Earth Channel is serviced.
Most of the responses were that the service expansion of the Earth channel was faster than expected, but there was something else that the public paid attention to.
―Are you giving me source coins?
– Crazy. 10% Source Coin?
―If you earn 100 million won, can you get 10 million won in source coin?
―Isn’t that source coin actually much more than 100 million?
―Looking at the market price, it’s cheap.
―The source coin goes up as long as you have it. today is the best
―You made up your mind to eat up the video market.
-So you don’t like it?
-no… … . ☓ Good.