start of inflation
I was in a situation where I had to lie unconditionally in order to live.
―Jo Soo-ah: It must be too hard to work overtime until this time. did you eat?
-Kim Shin: Yes. I just stuffed it with pizza.
“Isn’t Jennifer really pretty?”
“I think girl groups should protect the earth. Girl groups give life courage and hope.”
“Hmm. I think I can understand why the hyungs like girl groups.”
Zero two of the idols coming out of the 110-inch micro LED TV.
Oh Myung-Woo, Eddy, and Lee Jong-Yeop at work watching Zero Two and chatting on KakaoTalk.
“We’re doing a celebratory performance.”
“Five. It’s really great.”
During Zero Two, several idols performed.
The performance industry, which had been stopped due to the corona, and idol groups who could not attend overseas concerts gathered and held a large-scale performance.
It is said that there was active support from Korean companies including Lee Sung Group.
―Jo Soo-ah: Take care of your meal. Don’t harm your health.
-Kim Shin: Yes. I am also exercising regularly. We have a company fitness center.
– Jo Soo-ah: I’m glad. I’m busy with work. I’ll call you later.
-Kim Shin: Yes. thanks
I put down my phone and watched TV.
Male and female idols laughing and cheerfully dancing Zero Two.
Nicely prepared performances next door.
The number of viewers stood out because it was on Earth Channel.
“148.02 million viewers right now?”
“It’s just started, so I think it’s going to go up for a while.”
“… … .”
It gave me goosebumps to think that over 100 million people would be watching Zero Two at the same time.
“It’s not uncommon for 100 million people to watch even a popular show.”
“It’s pretty rare. It is said that 170 million people watched the Champions League final.”
Lee Jong-yeop searched and informed me. and then added
“I won the Olympics, the NFL Super Bowl, the F-1 Finals, and the Wimbledon Tennis Finals.”
“… … .”
To think that an idol’s performance could even win the world’s festivals such as the Olympic Games and tennis matches.
They acquired the New York Mets, but perhaps the publicity effect is greater than that of the major league clubs.
* * *
〈Nine-hour performance by K-pop idols〉
〈Earth Channel’s Zero Two Challenge surpassed 158 million viewers〉
〈Ranked #1 on the Earth Channel popularity chart in 54 countries around the world〉
The Zero Two Challenge held by Dream Art Rainbow has ended successfully.
A few days later, Seong-Eun Lee announced that he had to go with the flow and introduced 4 new Earth Phones.
―Vice President Seon Jae-yong: We launched Earth Phone Music, Earth Phone Drama, Earth Phone Movie, and Earth Phone Active.
―Vice President Seon Jae-yong: These products focus on 16:9 aspect ratio, sound performance, battery, and activity.
Seon Jae-yong, vice chairman of Lee Seong-electronics, explained the new product via KakaoTalk, but it was also true that he had some doubts.
Earth phone was released in less than a month, and it was released one after another.
It was written in the contract that various models could be released within a year if the Earth phone became a box office hit, but until recently, there was no word on it.
―Kim Shin: Didn’t you change the name of the mobile phone originally from Lee Sung Electronics to Earth Phone?
I had reasonable doubts.
―Vice Chairman Seon Jae-yong: That’s right. Brands are very important in the upwardly leveled smartphone market.
What I suspected was true.
―Vice President Seon Jae-yong: It was not easy to change because the brands we have launched have had their own identities.
―Vice President Seon Jae-yong: New attempts have that much risk.
―Vice Chairman Seon Jae-yong: With the release of Earth Phone, a major remodeling of Lee Seong Electronics’ smartphone business will take place.
The price of the Earth phone is said to remain in the $500 range in the future.
Rather than paying $1,000 for a drastic cut anyway, they plan to release it at around $500 and minimize discount events.
―Vice Chairman Seon Jae-yong: It is estimated that sales of Earth phones will exceed 100 million units this year.
Gained 100 million new subscribers.
Even if there were overlapping personnel, it was possible to receive a 3-month usage fee from Lee Sung Electronics.
It can be said that the super-rich is small, but $ 1.5 billion is enough to acquire quite a few companies, so you can be happy.
“Eddie, did you take a look at the sea the opposite sex group gave you?”
Preparing to open the App Store.
Earth Channel’s social media and messenger business, as well as mobile optimization work, were in full swing.
Eddy is the busiest at the company, so I asked him in passing.
“yes. brother. I ripped it right.”
“okay? Do you have a place to write?”
I didn’t have high expectations because it was already a ruined operating system at Lee Sung Electronics.
“It was good.”
“great?”
“yes. what to say It’s an early version of a smartphone. When running applications, resource allocation, stability, and scalability are poor, and there are few security features. It has no memory management feature, so I can’t even leave it on for a long time.”
“okay?”
Doesn’t that mean it sucks?
“Still, I am faithful to the basic parts of the OS. If we continued research and development while catching errors, we might have come up with something useful.”
If you interpret it, you can say it’s a decent kindergartener’s operating system.
Its rivals, Android and iOS, were in a state of high perfection.
That’s why even Microsoft gave up on mobile operating systems, but our goal was more than that.
A very lightweight operating system that can run on desktop and mobile simultaneously, even for Pangea Live operation.
Since the actual program operation is performed in Pangea Live, it does not have to be complicated or heavy.
It was enough to secure a certain level of security and stability.
“I’ll play with it first.”
“okay. Do whatever you feel like.”
I didn’t set a work schedule for Eddie.
If he makes it, it’s complete, and if he declares he can’t do it, that’s it.
Pangea Live can be run on Windows, Android, or iOS, but there was a desire to have an independent OS.
* * *
Time passed quickly.
It’s only been a month, but a lot has happened at the company, and so has the world.
〈Earth Resources participates in the acquisition of Neiman Marcus, a high-end department store〉
〈U.S. department store with 113 years of history, into the arms of Earth Resources?〉
〈Neiman Marcus, who collapsed due to Corona, was selected as the preferred bidder by Earth Resources〉
The shopping mall division carried out the acquisition of Neiman Marcus, an American high-end department store.
The reaction of the media to him was very enthusiastic.
―Kim Shin: Are there any problems with the takeover?
―Allison: Negotiations with the creditors are going well. And Neiman Marcus employees are demanding a succession of hires.
―Kim Shin: Accept the succession of employment.
I had no intention of taking away their jobs.
In the case of factories, even if products are produced, if they are not sold, losses due to equipment and labor continue to occur.
However, the department store’s workforce consisted of the people necessary for normal business.
―Allison: I see. We will proceed.
〈Earth Resources Acquisition of Neiman Marcus〉
〈Neiman Marcus Putting Up a New Sign for Earth Department Store〉
〈Customers lined up in front of Earth Department Store in New York〉
I bought a department store and proceeded to purchase a hotel.
〈Pfizer expects to supply 300 million doses of vaccine this year〉
〈The United States, developed countries in Europe. Half of the population is vaccinated against COVID-19 at least once
〈K-Vaccine, 600 million doses produced this year〉
〈100 days in office, Biden approval rating exceeds 60%〉
〈New York stock market, a sharp rise as economic indicators improve〉
The United States and developed countries were accelerating their economic recovery following vaccination.
And the problem that has been happening since February of this year.
〈Chairman Powell, “We may go more than three years to zero interest rates to achieve the inflation target.”]
The economy was recovering last year as the US government and the Fed together released astronomical sums of money.
The Fed, which has gained confidence, forecasts that it will remain below its 2% inflation target for quite some time.
It announced that it would continue to release huge amounts of money while maintaining zero interest rates.
―There was a word from Kim Shin-hyung, who warned of a bubble in front of Biden last year.
―The result is Shin Kim ＜＜＜＜＜＜ Yeonjun
―You may not know the director, but you can say that the Fed controls the stock market around the world.
-The Fed’s chairman is the president of the world economy.
―Why does the stock market move depending on interest rates?
―There are more investment banks and pension funds that manage large-scale funds than individual investors. Money moves significantly according to the yield of 0.1%.
At the end of last year, it was felt that the stock market, coins, and real estate were overflowing with bubbles.
The economic situation worsened due to Corona, but stock prices hit an all-time high, and even coins were shaken.
‘Is it really the beginning of a new era of monetary value?’
Modern Monetary Theory.
It was argued that inflation would not come even if the government issued a lot of money to stimulate the economy.
It is said that the theory has been proven by maintaining zero interest rates in Japan for a long time and running a fiscal deficit.
Seeing that inflation has calmed down even though the United States, Europe, and countries around the world are competitively releasing money, it seems that a new era has arrived.
‘Did I just say it in front of President Biden?’
I wondered if the saying that an ignorant person is dangerous if he has faith was my story.
In March, things got a little weird.
〈Rising raw material prices amid expectations of economic recovery in the US〉
〈US Treasury yield breaks through 1.75, the highest in 14 months during the intraday. Inflation concerns rise
〈Powell, “There will be short-term upward pressure on inflation, but it will be temporary and not too high.”]
Market concerns about inflation are starting to emerge.
The press was also writing articles about inflation one after another.
―Does Kim Shin’s worries come true?
―There are strangely many stories about inflation?
―It is a bit suspicious that the interest rate on government bonds is rising.
―The Fed says it will not raise interest rates for two or three years. I’m worried because I keep giving money.
and April.
〈US, March inflation rate exceeded 2%〉
〈The White House Says It’s Not Worrying About Inflation〉
〈U.S. Employment Indicators Exceed Expectations〉
〈US March consumer price index 0.6%, the highest figure in nine years〉
〈US inflation rate of 2.6%, above Wall Street expectations〉
There were also signs of a sharp rise in prices in May.
〈Corona direct hit, US companies raise prices one after another〉
〈Iron ore, copper record high. Inflation sounds louder again
〈The Fed, “U.S. economic optimism, existing stimulus measures will be maintained.”]
〈Powell, “Even if inflation exceeds 2% this year, the Fed will not change its policy.”]
Commodity and consumer prices are rising, but the Fed has decided to keep interest rates at zero.
That’s how it became June.
〈Powell, “Inflation may be higher and more persistent than expected”＞
〈U.S., consumer price rise prospects follow one after another〉
＜Concerns over loss of confidence in the Fed, higher than expected consumer price index＞
〈The perspective of Wall Street, “At this point, inflation needs to be checked. Kim Shin’s concerns at the end of last year could come true.”
〈BOA, “Not Ready for Fed Inflation.”]
Inflation has swayed the U.S. financial sector.
Semiconductor chip shortages due to increased sales of electronic products, container ship rates rose nearly 10 times, and international oil and atomic ashes prices were skyrocketing.
〈U.S. consumer price index rose 5% year-on-year in May〉
