Chapter 149
missed opportunity
Seon Jae-yong had a lot of thoughts while looking around Earth resources.
The eyes of the staff looking at Kim Shin contained trust and respect.
The voices and eyes of the female employees seemed like honey would drip.
‘The CEO gets along with the employees casually. Do the creative ideas of Silicon Valley come from companies like this?’
Seon Jae-yong sighed lightly.
Seeing Kim Shin joking lightly with the staff made me feel relaxed.
Of course, if I hadn’t had the success I have now, I would have thought that I lacked dignity as a representative.
Everything tells the story of results.
Your success so far could have been a stroke of luck.
‘But nothing is more important than luck.’
There are many kinds of luck in the world.
From the luck of being born as an heir to a chaebol group like yourself, to when you can unleash your talents, to good colleagues, business partners, and competitors.
How many geniuses with excellent technology and imagination have collapsed because they believed in themselves and started a business.
‘Earth Resources may have been lucky, but it is no longer a company that needs luck.’
500 million subscribers.
It started as a content platform and is expanding its business around the world with favorable reviews from the public.
Now, it has formed a foundation that will not collapse easily even if there are difficulties in business.
“The pride of the staff is great.”
This was the impression of Oh Jae-hwan, CEO of Lee Seong-electronics America, who gave it while touring Earth Resources.
The executives of the heterosexual group who risked their lives at work showed a lot.
The trust, confidence, and loyalty of the employees to Kim Shin.
“That’s right. This atmosphere must be the DNA of Earth Resources.”
“Earth Resources is a wonderful company. Seeing the CEO’s ability and reputation, I can understand why Earth Channel is so successful.”
“I haven’t done much. I’m making it with the staff.”
In the conference room, executives of Seon Jae-yong and Lee Seong Group were present.
It’s been about half a year since I met Seon Jae-yong.
I could feel the different expressions and eyes of people in the opposite sex group looking at me.
‘For the past half year, reason is reason as it is, but Earth Resources and I have made remarkable progress.’
The world changes rapidly.
I feel like I’m at the center of that fast-changing thing.
Now that I’ve come this far, I should start by saying good things.
When I introduced the staff, I unintentionally ignored the opposite sex group a lot.
“Thank you for perfecting the vaccine production. Many people’s lives would have been saved thanks to Lee Seong-bai Ologics.”
“We are doing our best as long as we are in charge of production. The CEO who developed it and the researchers at BioLife have made achievements.”
“The construction of the data center is also proceeding ahead of schedule. Our programmers are amazed. It is the first time we have seen data center construction so fast.”
“We are accustomed to making it fast. It is fundamental to do our best as a group and make it without any defects.”
As we talked, it felt like a secret A and E were decided.
After exchanging light words of thanks, Seon Jae-yong brought up the business that had come all the way to the United States.
“I want to release an earth phone from Isung Electronics.”
“Is it an Earth phone?”
“This is Lee Sung Electronics’ new smartphone plan. As the name suggests, it is loaded with Earth channel-related applications as standard
It’s about optimizing and releasing it accordingly.”
“ah…!”
I unknowingly exclaimed.
Rather than admiring the earth phone plan, I was moaning to myself at the thought that came to my mind from the time I introduced the company.
‘Phone pal, phone pal…’
I didn’t have it when I was young, but as I got older, I came up with my own humor code that lingers in my head.
Looking at Seon Jae-yong and Lee Seong group executives, phone pals keep coming to mind, but the theme I brought up was earth phone.
“Keuheum. First of all, it sounds like a good plan.”
“The concept is to catch the 20th and 30th generations who are enthusiastic about the Earth Channel. The Earth Phone is not an ultra-expensive premium phone, but is positioned as a mid-range device at the level of 500 dollars. The hardware specifications are compliant and a 3-month subscription to the Earth Channel is I’m thinking of applying for support from Lee Sung Electronics.”
“You’re paying $15 at Lee Sung Electronics?”
“Yes. That much can be covered by marketing costs.”
Myung-Woo Oh, the vice president, was sitting to my right, but it didn’t help much in this conversation.
When it comes to meetings, Oh Myung-woo feels bored first…
Lee Jong-yeop, who was sitting on the left, searched for something on his cell phone and showed me.
[76.5 million Isung Electronics smartphone shipments in the first quarter of 2021]
It was a huge amount of sales in 3 months.
Although Lee Seong Electronics is often ignored, it is still the world’s No. 1 company in smartphone sales.
I thought for a while and said.
“You’re saying that considering Rhee’s smartphone sales, we can produce more than 10 million Earth phones per quarter.”
“The specific sales volume is something that needs to be decided based on the customer’s response, but I think more than that is possible.”
10 million units in 3 months.
If calculated in one year, the number was 40 million units.
It is said that the subscribers of the earth channel have exceeded 500 million, but it is a number that cannot be ignored.
‘There may be overlapping subscribers, but it’s a plus for promoting the Earth channel.’
Cooperating with Lee Seong-electronics seemed to be helpful in the field of marketing.
Seon Jae-yong said with a soft smile.
“I was very impressed with the fact that the Earth channel surpassed 500 million subscribers. To be honest, I couldn’t help but be surprised by its popularity. I read that the article says that millions of new subscribers have been added every day since then?”
“Yes, it is.”
“I’m envious. And what will happen if Lee Sung Electronics’s Earth phone is released while the Earth channel is laying the groundwork and spreading like a storm? Wouldn’t the ripple effect spread to the mobile market properly?”
As I listened to Seon Jae-yong’s words, I suddenly had a thought.
‘This situation is similar to the sales I used to do.’
There was something I often said to the directors when I was working at a local hospital in Arkor.
“Dr. Director, this is the latest laser treatment equipment launched by the German head office. As the incision in the cornea is reduced, patients feel less pain and recover faster. If you promote it properly, all patients in this city will receive the director’s clean eye ophthalmology. Won’t you come?”
A sales method that actively talks about the benefits of the other party.
If so, you should respond in a similar way.
“Riseong Electronics will be able to get a publicity effect by releasing Earth phone. It will also have the effect of improving the brand image.”
“That’s right.”
“If the registration fee for the Earth channel is $15, it’s not that big for a marketing cost. Compared to the unit cost of manufacturing a smartphone, the profit will remain enormous.”
“Product quality has increased and competition has intensified, resulting in a significant decrease in revenue in the smartphone sector.”
I glanced at Lee Jong-yeop’s mobile phone from the side.
“Still, the first quarter’s revenue is over 8.9 trillion won. Should I say Lee Seong-electronics? I live in the United States, but 8 billion won
Near-dollar quarterly earnings are shockingly high.”
Business starts with consideration for the other party, but even so, you have to tear off at least one more thing before signing the contract.
For Earth resources, Earth Phone was a good option.
Ultimately, it was necessary to smoothly enter the smartphone market for Pangea Live, not to increase the number of subscribers to the Earth channel.
‘We’re planning to launch the Earth Channel App Store within this year.’
If the Earth phone sold well, it could consider entering the handset market.
There are many companies that can design and design products like Apple, and entrust production to them.
As we are preparing for the future, we were able to deeply consider Seon Jae-yong’s proposal.
“If you plan to release and promote Earth Phone, you will need to discuss royalties for it.”
“Yes. We are willing to negotiate a specific amount.”
“I don’t intend to receive much. More than that, I have something to ask of the opposite sex group.”
“yes?”
Seon Jae-yong left the Earth Resource building and got into a waiting car.
“Shall we take you to the hotel?”
“Yes. Let’s go to the hotel.”
I was tired from the 11-hour flight to the US and the jet lag. More than that, what made my head dizzy was the last two requests from Kim Shin.
“Word processor made by the rational group. Please hand over all office programs.”
“You mean Hunminjeongeum?”
“Yes. I want to buy all the original sources and developers as a package.”
While coming to the US, I saw the news that there was a problem with the acquisition of Hangeul.
‘A company with a market capitalization of 200 billion won is only for those who are wary of a group of opposite sexes.’
When Seon Jae-yong saw it, he was dumbfounded.
Why do Korean companies look down on Kim Shin easily while being afraid of opposite-sex groups?
Hunminjeongeum was discontinued at the group company level last year due to a low usage rate.
Developers may have scattered from affiliates, but it won’t be difficult to gather them.
‘Should I use this request to take other benefits?’
It was tempting for a moment, but after bargaining, it seemed that Kim Shin would have more options.
“Okay. I’ll accept your offer. I’ll hand over the software and the entire business unit for free.”
“really?”
“Yes. Lee Sung Group is not free from breach of trust issues because it is a stock company, but Hunminjeongeum has been officially abolished, and shareholders will like maintaining a relationship with CEO Kim Shin. The group’s legal team will check for legal issues, but There won’t be any disruptions.”
and another request.
“I understand that Lee Sung Electronics did a lot of research on operating systems.”
“The operating system?”
“Yes. I know there was a development team for a mobile operating system.”
“Ah. You mean that operating system.”
Before Apple’s iOS and Google’s Android became mainstream in smartphones.
There was a time when Lee Sung Electronics researched and developed a mobile operating system and released it.
One of the dark history.
Mobile phones released at the time, despite their excellent hardware, did not perform well due to the Bada operating system.
Reboots, force quits, stutters, optimization shit.
A mobile operating system that was abandoned after 2 years of release with a lot of criticism.
It was a result of failure along with Omnia.
“I want to buy all the sources and rights to that mobile operating system.”
“Yes? Are you planning to release this?”
“No. I’m trying to see if there’s something that our programmers can refer to.”
This was also an abandoned project, so there was no damage to Lee Seong-electronics.
It doesn’t seem to matter much whether you get paid or give it away for free.
There was another reason that made Seon Jae-yong’s mind complicated.
‘It’s a proposal prepared before we met. This isn’t a meaningless request.’
It is Earth Resource, which was founded early last year and broke all records in one year.
I wondered what kind of big picture Kim Shin was drawing.
‘There are too many opportunities missed by the opposite sex group.’
There was once an opportunity to acquire Google’s search engine.
Android, a smartphone operating system, also had an opportunity to buy from Riseong Electronics, but missed it.
What are the Android takeover proposals made by only 8 employees? We decline, saying there are 2,000 people doing the same thing.
Although Lee Sung Electronics ranks first among IT manufacturers, it was weak in the software field.
At this moment, Seon Jae-yong recalled the missed opportunities.
‘I don’t know what CEO Kim Shin will do.’