Chapter 115
If you endure it, you will get sick
While Kim Shin was on vacation, Earth Resources was busy.
“I will form a department store takeover team. Find out the terms of negotiations with the creditors.”
The shopping mall division began the process of acquiring and merging a department store chain in California.
The bank was favorable to Earth Resources’ offer to acquire it.
“I will accept the takeover offer. However, it seems that negotiations will be necessary for the sale price of 2.3 billion dollars that they proposed.”
“Negotiation? MK Department Store has been delisted due to accumulated losses. It seems that other companies have no intention of taking over goodwill and normalizing it.”
Allison, the head of the shopping mall division, was from a department store.
There is nothing I don’t know about the department store business, and I knew the current situation better than anyone else.
‘It’s hard to normalize that department store no matter who takes it. It’s an Earth resource, so I can try it.’
Allison released the stress and pressure she received while working at Earth Resources toward the creditors.
“We have many places to acquire even if it is not MK Department Store. We have priority wherever we go. If you do not accept the price offer now, the conversation is over.”
“Go back to work and give me time to think.”
“I will give you a day. A day is a long time at Earth Resources. We inform you that there will be no further negotiations after tomorrow.”
The creditors and banks quickly gathered their opinions within one day and finally accepted the proposal the next day.
“good. We will sell our department store business to Earth Resources. However, do you have any intention of leaving a part of the department store or taking out a loan for operating funds?”
The attitudes of banks toward insolvent and good companies differed greatly.
Earth Resources is a super blue chip company that has issued very few corporate bonds compared to its asset size and reaps huge profits.
I wanted to leave at least some stake in case the department store business normalized.
“I refuse.”
“… … And this offer?”
“yes. We will take over all the shares owned by the creditors. However, I will consider a working capital loan positively.”
Allison is determined and consistent, putting pressure on creditors.
The attitude was that if you don’t like it, you’ll stop the negotiations, but what will you do?
From the point of view of creditors, this is an opportunity to solve bad debts, useless department store shares, and even more troublesome employee problems all at once.
When acquiring the department store, the actual amount invested by taking out a $2 billion loan was only $300 million.
* * *
Diane was on the verge of screaming.
“We have 8 million subscribers today.”
“What the hell is Netflix doing? Are they going to keep stealing the market?”
The number of users of the Earth Channel was increasing.
The related tasks are suffocating, but the additional mission given here.
“The vice president tells us to prepare for the launch of Channel 7.”
“already? You’re not crazy!”
Upon hearing the news, the employees ran and tried to grab Oh Myeong-woo by the collar.
“This is the CEO’s order.”
“ah… … .”
“If it’s the CEO’s will, I can’t help it.”
Diane is convinced, and the staff give up the mayhem.
Shin Kim designed the core of all the businesses that Earth Resources accomplished, and made them all successful.
Silicon Valley, and by extension, all over the United States, considered Shin Kim as an outstanding manager.
As a founder, it was not influenced by investors like other companies in the US.
“Channel 7, can you really open it?”
“It is possible. I don’t know how successful it will be.”
“One thing is certain. It will increase the workload to a terrifying degree.”
* * *
Myung-Woo Oh led Earth Resources for over two weeks. At the same time, he boldly handled several tasks.
“We reinforce punishment rules in the game. If you repeat the pad lip 2 or 3 times, hit everyone’s neck. Neither hackers nor those who deliberately try to defeat the game.”
Remorseless purge of malicious users!
It was Kim Shin’s permission, so there was no need to hesitate.
‘I was stupid. I gave up my pride as a gamer and tried to show a weak side just for the sake of money.’
Before contacting Kim Shin, what a passive person he was.
I was just watching the things I should never do because I had to increase the number of users and make money.
It was decided to strongly apply malicious user regulations to all games distributed by the Earth channel.
Due to the telecommuting system, all team leaders attend video conferences.
said the head of customer service.
“Vice President, public opinion in the Chinese community is not good. There is a lot of backlash against the Earth channel that shuts down the account itself.”
“Ignore it.”
“But as it is… … .”
“I must tell you clearly. My friend Shin Kim did not try to make money doing the earth channel business. Until the beginning of this year, I had no intention of starting my own company called Earth Resources.”
Oh Myung-woo spoke in an excited tone, as if he had seen the ending of a game he hadn’t been able to capture for a year.
“Seeing how many people are suffering from Corona, I started Earth Resources to develop vaccines and treatments. Why did Shin Kim create Earth Channel? It is a company founded to entertain people who are bored and bored with distance, and people living all over the world.”
“ah… … .”
“Earth Channel is a business to make people feel joy and fun. Don’t be obsessed with money or the number of users. We must not tarnish Kim Shin’s will.”
“Yes. All right.”
Earth Resource’s team leader-level employees did not hide their surprised expressions.
The purpose of the company is to pursue profit.
I had to make money, but I had a higher aspiration than that.
Accounts in Asian countries that risked their lives in the game were suspended or even closed for more than a week.
Although a storm raged with over 500,000 account closures, the Earth Channel stood firm.
“We never stop discovering more fun games!”
Oh Myung-woo announced plans to acquire small game companies for $5 billion in the name of Kim Shin, and waived fees for those who use less time per month.
“The CEO is amazing even when he is on vacation.”
“Looks like he’s spending his time on business ideas.”
* * *
Let’s call it the sweetness of Laguna Beach.
―Joshua: Have you eaten?
-Kim Shin: Yes. I made kimchi fried rice.
I was texting with Jo Soo-ah in the morning and evening.
When I consider the time difference to Korea, I always think in my head what time it is in Seoul.
‘It seems like they’re really dating.’
It felt like the seal on my heart had been released.
It was just a text message often, but I was able to feel a warm feeling.
―Kim Shin: Were you a model student in high school?
―Joshua: Yes. I didn’t know anything but home and school.
―Kim Shin: Didn’t you have any hobbies?
―Jo Soo-ah: I liked playing musical instruments.
Let’s share a little story.
Jo Soo-ah says she has never had a boyfriend.
Except for Chaewon Han, I had never been in a proper relationship.
Being close to Han Chae-won was really instant, so the dating period was not long.
‘Because we slept together on the second date. The marriage story came out in a few months.’
I was able to talk more because I was not close to Jo Soo-ah.
The scenery on the beach or signing autographs at a hamburger shop—everything became a subject for conversation.
‘When I was at work, it was annoying to send text messages often, but I text Jo Soo-ah for over an hour.’
I wanted to walk with Jo Soo-ah in the peaceful and beautiful Laguna Beach.
San Francisco, USA, several countries.
How much fun it would be to travel with Jo Soo-ah in a place with great scenery or a good atmosphere.
After thinking a lot in my head, I finally sent a text message.
―Kim Shin: I want to show Laguna Beach in person.
―Kim Shin: Would you like to come over later when you get a chance?
―Joshua: Okay.
* * *
I finished my life in Laguna Beach and headed to Los Angeles Airport.
It felt like going on a trip after a long time.
“It takes about 5 hours by plane to Washington.”
“Um, yes.”
On my way to meet the President-elect of the United States in Washington.
There were plenty of seats left on the plane, so I booked a regular flight with 30 bodyguards.
It’s a lot for a personal bodyguard, but isn’t it that people don’t know what to do?
I took my passport and headed to the airline desk.
“Kim Shin? I couldn’t believe it when I saw the name, but it was true. Thank you for using our airline. When I go home, my family has something to brag about.”
“Thank you for your kind words.”
At the airline desk, they signed the request at the request of the staff.
Ever since I opened the Earth channel, I felt like I had definitely become a celebrity.
‘My name must have spread more while I left San Francisco.’
When I went through the check-in process, the airport female staff recognized my face and handled it quickly.
I went to the gate with Lee Jong-yeop and the bodyguards and boarded the plane.
It was first class, so I was able to relax and go.
Lee Jong-yeop held out a thick document.
“This is the material for this meeting. It’s like a place for the president-elect to meet corporate executives and Wall Street moguls and hear about the state of the economy.”
“Are you ready for this?”
“I thought it would be useful to refer to it.”
Reading the brochure, I skimmed the biographies of celebrities attending the gathering.
People with brilliant careers.
The president of a large bank, an economics professor at a prestigious university, and people from Wall Street.
If you search for their names, they are people who have appeared countless times in news or broadcast interviews.
“You can think of it as a place for the president-elect to receive economic advice before taking office. Since there are a lot of participants, wouldn’t it be better to put significance on the degree of attendance?”
“Is that right?”
As a result, there will be articles about meeting various people as the president-elect.
It is said that some broadcasting stations are planning to broadcast live.
“Even if you happen to have a chance to speak, why not give the president-elect a few compliments?”
“I’m praising you, what? It’s something we’re used to.”
I can’t say I know the world well yet, but most of them were in the position of the weak while living a part-time job.
Internet cafe customers, convenience store customers, doctors and nurses at Arcor.
It’s been my life to match the mood of customers as a part-time job and a salesperson, but it’s not a job to attend a meeting and say a few words that the president-elect of the United States will like.
I thought it would be a more beneficial time than following breakwater fishing to an island in the South Sea for 2 nights and 3 days during the golden holiday.
‘Let’s not be servile just because we see the president-elect of the United States. Given the age of the president-elect, it would be too much to shake hands, wouldn’t it be enough to bow your head in moderation?’
Not arrogant, showing moderate composure.
I wasn’t in a position where I had to live with my liver and gallbladder.
‘It’s no big deal. All you have to do is attend moderately and avoid accidents, cancer.’
A meeting of businesswomen attended.
Two days later I was up and talking loudly to the titans of American finance, including the president-elect.
“I think everyone needs to wake up. No one deserves to be arrogant. If you commit an irreparable mistake, the people will suffer the damage.”