Chapter 171
Korea
In Korea, Shin Kim’s article caught people’s attention.
〈Kim Shin, drink beer with President Biden〉
〈President Biden visits Kim Shin’s mansion every week〉
-What. Even if the president of our country goes to the United States, it is difficult to meet the US president.
―We drink beer at the same table like friends.
―Without chicken, something seems empty.
―Chicken is a national rule with beer.
―Naughty ignoring?
-what is that?
―Nogari, rat poo, cuttlefish.
―Sausages and French fries are also good.
―I’m a part-timer at a convenience store, but beer is selling a lot today.
―Is this K-surrogate satisfaction?
〈Kim Shin Confirms 50 Billion Dollar Factory Investment in the US〉
-50 billion dollars?
-Look at the scale.
―Even if you invest in that, it’s about one-third of Kim Shin’s property.
―It would be nice to invest in Korea, but it’s a pity. My nationality is Korean.
―Are foreign investors betraying their own country and investing in our country?
―I don’t think so, it’s just because I’m sorry.
―Kim Shin-hyung made most of his money in America. If you do business in the US, you should invest in the US.
―But suddenly it is an electronics company, am I the only one who feels it out of the blue?
– Me too. It’s embarrassing to leave the amount to invest 50 billion dollars.
―Are you going to go all-in on the LK smartphone?
Kim Shin’s meeting with Biden can be interpreted as a friendly relationship between the two, but the $50 billion investment created divided opinions.
An astronomical amount even compared to the sales before LK Electronics’ smartphone division went out of business.
The White House said it could not release details inside the company.
〈Kim Shin, boarding a plane to Korea today〉
―Brother Kim Shin is coming to Korea.
―Let’s warmly welcome you.
―Today, I definitely order chicken to eat.
―It might be soup.
* * *
I arrived at the San Francisco airport an hour early and waited for the flight to Korea.
It was a long time since I went to Korea, so I felt excited.
Knock knock!
―Jin Yoo-kyung: Eventually, you come to Korea to meet me.
―Kim Shin: ???
―Jin Yu-gyeong: Huh, there’s nothing to lie about. Because I know everything.
―Kim Shin: I heard you have a girlfriend.
Mirae Group’s Geum Ok-yeop.
Even though he revealed that he had a girlfriend early on, his attitude did not change.
―Jin Yu-gyeong: There is no man who does not go over after being cut 10 times.
―Kim Shin: I would be different.
―Jin Yu-gyeong: If you can’t do it with an axe, use a chainsaw!
Maybe it’s because of my mood that I feel a little creepy?
There are bodyguards from the special forces, so you don’t have to worry.
-Kim Shin: I’ll be there soon.
-Sua Jo: Be careful.
I could feel the warmth of Jo Soo-ah.
It’s a thought that comes to mind after earning a lot of money, but I felt the purest of people who liked me when I was poor.
and… … I had to contact one person.
I called the doctor who was relentlessly pursuing Jo Soo-ah.
―Yes, this is Choi Won-seok, director of clear skin.
“I am Jo Soo-ah’s boyfriend.”
-Is it you? yeah, let’s have a look When are you coming to Korea? You can’t get in because you can’t get a plane ticket, right?
“I’m coming soon.”
Choi Won-seok’s blunt voice was heard.
I didn’t want to talk at length while on the phone with a man. It’s probably the same for your opponent.
“See you tomorrow. You must be busy at the hospital, but come to Seoul by taking the KTX at night.”
-under… … . am i you I know where to go Don’t promise or fight.
“Don’t worry.”
The phone is disconnected.
It’s such a difficult world to protect your girlfriend.
* * *
At Future Automobile, the management plan set up earlier this year was scrapped.
“How can we further increase vehicle production?”
“Toyota, GM, Volkswagen. Everyone is clamoring to save semiconductors. As of right now, it is difficult to obtain even if you pay more.”
Chairman Jin Myung-il clicked his tongue.
While running a car company, I worried about sales every year.
The large-scale device industry, in which losses and surpluses can be divided according to the factory utilization rate, and price competitiveness can be secured as mass production is carried out.
Who would have thought that a world would come when all car companies could sell their dream car?
“U.S. investment is $50 billion?”
“Yes, Dad.”
Jin Myeong-il had a conversation with Jin Yoo-kyung in the group chairman’s office.
As for Kim Shin, it was clear that he was the son-in-law he wanted. However, I learned that there are things in the world that cannot be obtained.
Although they distinguish between public and private affairs, they still consider it a good relationship to know Kim Shin.
“It would be unreasonable to fill up the investment with LK, but are you coming to Korea this time for corporate shopping?”
“Corporate shopping?”
“I think we can acquire useful companies. If it were not for reason or the future, how many companies would be able to prevent Kim Shin from taking over?”
“Even large corporations will have a hard time stopping it.”
“Except for the five major groups, it should be considered defenseless against hostile mergers and acquisitions.”
This was the reason why the business world was watching Kim Shin’s visit carefully.
LK Group is extremely reluctant to sell the company after losing its cherished semiconductor business in a big deal at the time of the IMF.
The sale of the smartphone division, including related patents, was also interpreted as half of one’s own and half of the other’s from the point of view of the business world.
Jin Yoo-kyung asked.
“Did Chairman Jin-mo Koo really forcefully hand over the LK Smartphone Division?”
“I do not know. Even if we met in person, it would be difficult to ask such a thing, and the price could be considered a satisfactory transaction condition. However, Chairman Koo Jin-mo, who received the offer, probably didn’t have many options.”
I thought of the number of cases in which Kim Shin’s proposal was rejected.
It is not easy to prevent a hostile takeover of LK Electronics.
Excluding the owner and stakes in affiliates, external stakes, investment institutions or foreign stakes, and minority shareholders will actively support handing over management rights to Kim Shin.
Excluding a few large companies with a clear ownership structure, management rights can be taken away more easily than expected.
Considering President Biden’s friendship, it is difficult for the Korean government to step in and stop it.
‘Last year, most of the entrepreneurs thought Kim Shin was rich.’
Criticism that the stories heard at business gatherings are those who get lucky by accident.
Now, after earning more money and succeeding in business in the United States, businessmen have come to notice Kim Shin in order to survive.
“There may be entrepreneurs with business proposals.”
“A suggestion?”
“Yes, it is a $50 billion investment. How many Korean entrepreneurs do not covet? It would be impossible to fill that huge amount with an LK smartphone.”
The Future Automobile Group also decided to prepare for a meeting with Kim Shin.
* * *
〈Elon Musk Acquires Twitter for $59 Billion〉
〈Musk, “Twitter should cut half of its employees.”]
〈Kim Shin, who announced his 50 billion dollar investment plan, and Elon Musk, who acquired Twitter. Who is the winner?>
I boarded a first-class plane and went to Korea and watched the news via Wi-Fi.
It is said that the older you get, the more interesting the news is, but stories related to me came out steadily.
‘After all, you took over Twitter.’
It fosters a competitive relationship with Elon Musk in the media, but there was no direct business area.
It will be a competition on social media, but it’s so different from Twitter that I don’t really care.
―Kim Shin: Congratulations on acquiring Twitter.
I texted Elon Musk first.
We communicate with each other three or four times a week.
―Thelon: Friend, are you planning to attend a yacht party in Los Angeles?
Sometimes I get calls asking me to play at parties.
Elon Musk made playtime somehow while being a workaholic.
―Ilon: Tesla production in China is increasing dramatically. Wouldn’t you like to buy back stock in my company? Being the majority shareholder of Tesla is a very good thing.
Sudden investment recommendation.
―Ilon: Find out about SpaceX. It is a company that is truly necessary for the future of mankind.
―Ilon: I watched Earth Channel during break time. Please recommend some interesting dramas.
A person who comes in miscellaneous contact.
This time the reply came over an hour later.
―Ilon: Haha. thanks I’m thinking of overhauling Twitter.
―Ilon: The automotive industry also believes that software is ultimately important.
-Kim Shin: That’s right.
When I talk with Elon Musk, I still learn and feel a lot.
―Theory: You should drastically reduce your expenses and become independent from advertisers.
―Ilon: We are developing a pay-as-you-go model for $19.99.
However, there was no one in the world whose pros and cons were as clear as Elon Musk.
If you see the strengths, keep them in mind, and if you see the weaknesses, try not to make similar mistakes.
―Kim Shin: Will the social media charge system work?
―Elon: Of course! How many individuals or companies advertise on social media?
―Ilon: Earth SNS has no history. Twitter has a lot of loyal customers. Content created by individuals cannot be easily moved.
-Kim Shin: Yes, that’s right.
You shouldn’t talk to Elon Musk and try to convince him.
A person who believes that he is unconditionally right and that the world is wrong even if he is wrong.
‘He’s a person who never bends.’
In many ways, he has been a good teacher in life.
‘Invest in Korea… … .’
After the conversation with Elon Musk, I leaned back in the first class chair and thought.
After earning a lot of money, the time I spent in Korea was short while traveling abroad and living in the US.
I didn’t really know what the world looked like when I was living in Korea, but I saw both the bright side and the dark side as I invested.
‘Narrow land, most of the resources are imported, and the domestic market is small.’
K is added to things that lead global trends in Korea.
What they have in common is that they did not make a lot of money in their own country.
It was possible to survive only by pioneering the world market somehow.
‘Many of the industries with a K were not properly equipped with a working environment.
Working hours are absurdly long.’
Some books say that German workers worked like slaves for 47 hours in 1939, but in Korea they lived like that in the 21st century.
‘Real estate prices are high, and the low birth rate is serious.’
South Korea’s low birth rate was so serious that it was difficult to find an example in the world.
The fertility rate has dropped by 40% in the last six years.
The number of children born of 10 was reduced to 6.
From daycare centers to elementary schools, middle schools, and high schools, the number of schools decreased one after another, and all economic scales were forced to shrink.
‘Because there is no back, I live harder.’
* * *
When I arrived at Incheon Airport, the first thing that greeted me was Vice President Ahn Myeong-guk and the bodyguards who had arrived in advance.
“God, it’s been a while.”
It wasn’t the outlet suit he wore every day, but after becoming the vice president of Bio Life, he changed to a luxurious outfit.
He was wearing a Rolex, the epitome of luxury watches, on his wrist.
“Chief Ahn, how did you get to the airport?”
“They took care of me at the airport. Let’s go this way.”
I got out of the airport using the VIP passage.
With the reporters out of the way, we boarded the waiting vehicle and headed to the first place we went to, our favorite soup restaurant near Arcor.
“Auntie, please give me some spicy sundae soup.”
I scooped up hot sundaegukbap with a spoon and put it in my mouth.
I felt that I had come to Korea.