Episode 167. Just wait a month.
Gowon Group Chairman Jin Seon-ho’s office.
Chairman Jin opened his mouth with a happy face.
“Come on. Kang representative. It’s been a while since I’ve seen you in my office.”
“yes. Haven’t you had anything special in the meantime?”
“Is there anything special? Thanks to CEO Kang, Kowon Electronics is growing steadily, and Kowon Construction is now completely out of the crisis of bankruptcy. Once the urgent debt has been wiped out, once the economy recovers, the plateau construction will return to its former form.”
Chairman Jin glanced at my face and asked.
“But today, CEO Kang doesn’t look very good. What happened?”
“It’s not that I’m going to do something, I’m going to do something soon.”
Mo Han-goo, the former CEO of Rude Department Store, and Jin Chang-ho, vice chairman of the department store, and Jin Kang-ho, the CEO of Gowon Department Store, told Chairman Jin about the things they had done.
Chairman Jin’s face hardened upon hearing all of my words.
“..that happened.”
“But since I am the type of person who can’t live without being harmed, I plan to return it to Vice Chairman Jin Chang-ho as it is. Still, I came here because I thought I should tell the president in advance.”
Chairman Jin asked with a heavy face.
“..Then what do you plan to do next?”
“As long as I take over Baekwoo Motors, I will do my best to grow the company. In the process, Go Won and Jin-Acha will suffer considerable damage. Maybe if everything goes according to my plan, I could be pushed to the brink.”
“…if it’s the edge of the cliff, are you talking about bankruptcy…?”
“yes. For now, we are thinking about that step.”
Chairman Jin was deep in thought and then opened his mouth.
“I understand the feelings of CEO Kang. My face is burning all over that my older brother did something like that. But the older brother is guilty, isn’t the company guilty of it? So how about doing this?”
“If Gowon and Jina Car’s performance drop significantly, I will take responsibility and chase after my brother so that I can’t even step into the group. CEO Kang now owns a 25% stake in electronics, right? As an apology for what my brother and Kang-ho did, I will hand over 5% of the electronic stake to CEO Kang to match 30%, so even if I drive Gowon and Jina, I will avoid going bankrupt. The stake he occupies in the group is quite large, so if it goes bankrupt, it will have a huge impact on the group as a whole.”
Electronic stake 5%.
Even in terms of market value alone, it was well over 1 trillion.
I contemplated for a moment and continued.
“I do that. But I’ll literally just get you out of bankruptcy. You need to understand that the scale of the business is shrinking significantly from what it is now.”
Chairman Jin took my hand.
“thank you. Kang representative. In fact, if that’s not enough, I won’t be able to kick you out, so I’m prepared. It’s still difficult for Chang-ho, but Kang-ho could be fired because the department store affiliates’ performance is already bottoming out. At the next group board meeting, I will put up a proposal for Kang Ho’s dismissal and deal with it.”
“If you do that, I think it will make me feel a little more at ease.”
“okay. In the future, I will take good care not to let this happen.”
Jimmy, a banker in Miami, USA, disposes of a heavy laptop.
I decided to get a tablet PC that is popular these days.
After work, he stopped by the best-selling electronics store and asked the manager.
“I came to buy a tablet PC, please give me some recommendations.”
The store manager smiled and replied.
“Your timing is good. Recently, two new products came out.”
“Is it new?”
The store manager took out two tablet PCs from the showcase.
“This is the iPad 2 released by Apple, and this is the Bay, the first tablet PC from Nell.”
“Apad 2, Beira… Could you please explain?”
“The iPad 2 raised the pixel count of the rear camera from 300,000 on the iPad 1 to 500,000. And like the D-Tab3, there is a pen that communicates wirelessly over Wi-Fi and can write on the display. In addition, since Apple has won live broadcasting rights for popular sports in the United States, such as football, baseball, and basketball, anyone with an internet connection can watch sports games on the iPad 2. That’s why it’s very popular with people who like sports.”
Jimmy nodded his head.
“It’s fine. So what do you like about Bay?”
“Nell’s Bay installed Microsoft’s D-Windows as its operating system. Because it has a UI (User Interface) very similar to the existing Windows, even people who are new to it can feel familiar, and especially, many people who like familiar things buy it because they can use various applications that could be used in Windows as they are.”
“Ah… this looks good too. Hmm…”
Jimmy clasped his chin and pondered for a moment, then asked the store manager.
“Are these tablet PCs supposed to be better than the D-Tab3?”
“It is difficult to say exactly what is good. D-Tab3 has the advantage of being able to use various applications. Among the three, D-Tab3 is overwhelming in terms of the number of applications. Moreover, since it is a product that leads the tablet PC market, new services are first announced through D-Tab. For early adopters, the D-Tab3 might be better.”
Hearing that, Jimmy became even more worried.
“Um… what should I choose… It’s not like I’m paying a penny or two, and if I choose the wrong one, I’m going to have a lot of regrets…”
Seeing Jimmy frowned in agony, the store manager added a word.
“If you are really worried, you can wait one more month. There are rumors that D-Tab4 is coming out soon.”
Jimmy’s face brightened.
“D-Tab4 is coming?”
“yes. It’s still just a rumor, but it will come out in late May or early June. Damoye always releases new products around that time. If you choose D-Tab4, you will have little regrets.”
“Thank you for your words. I’ll have to do that. Could you please contact me when D-Tab4 comes out? I will listen to you again.”
#Da together center, entertainment conference room.
President Kim Soo-chan was looking at the financial results for the movie he invested in last year.
“The total production cost of Harry Potter and the Sorcerer’s Stone was approximately $125 million. As a result of the settlement of accounts, the investment company’s share of the company generated about $400 million in profit, and it is expected that the investment return will be about 300%.”
“It’s only been a year since I invested, but 300% is very good.”
“That’s right. Investors are in a festive mood right now. There aren’t that many people who make this kind of money. We have invested $100 million, so our share is going to drop about $300 million.”
“It’s 300 billion won… that’s great.”
President Kim smiled.
“haha. It’s still too early to be satisfied. The second investment, The Lord of the Rings, has a higher return than this.”
“More than 300%?”
“In terms of return, it is 350%. Because I invested $80 million and made $280 million.”
I knew they were both great movies.
I didn’t know that all of them would shoot more than 300%.
“Five! 350%…I can’t believe it.”
“When I first received the sales amount and calculated the profit, I thought I had made a mistake. haha. To put it in final terms, the two films have a total investment of $180 million and a revenue of $580 million. Thanks to this, excluding the $170 million invested in the second Harry Potter series and The Lord of the Rings 2, we now have about $500 million in our entertainment reserves.”
“I think I can shoot four or five Hollywood blockbuster movies with just the entertainment money I have now.”
“yes. Among the investment companies specializing in film investment, there are only a handful of investment companies that make this kind of money, even in the United States. In Korea, even large corporations rarely roll over 10 billion won, so Damoye Entertainment is the largest movie investment company in Korea in name and reality. Besides, it’s not just financial gains that we’ve earned this time.”
“Did you get anything else?”
“Due to the repeated success, rumors have started to spread in Hollywood that ‘a movie that is invested in the entertainment industry is unconditionally successful’. So these days, more and more Hollywood movie investors contact us. It will increase the return on investment, so be sure to listen to it when investing. Even among the distributors, there is competition and there are distributors who will lower the distribution fee for the films we have invested in in the future.”
“It can be said that the entertainment industry has established itself quite well in Hollywood.”
“That’s right. This is all thanks to the vision of the representative. You only shoot the movies that get the highest score, as if you were showing your score, and it seems that you have a really special feeling.”
“haha. The boss also suffered a lot under the water. It was because he traveled back and forth almost every month to the United States to take care of the film projects he invested in to make sure that everything went smoothly. The results came out so well, so I want to reward the boss.”
“..a reward?”
“yes. Until now, I couldn’t give the boss a lot of authority because I didn’t have enough money, but now I’ll give the boss the investment discretion in the $100 million range.”
President Kim asked with a look of disbelief.
“..are you really saying that I can invest 100 million dollars on my own terms?”
“Of course, like me, you can’t just invest in your senses. Build up enough databases as much as possible and add your boss’s insight to find a good investment destination. If you are confident, you can invest in Korean movies, Hollywood movies, dramas, or people. I’ve been watching for a while, but it doesn’t seem like he’s going to do anything stupid, and it feels like he’s not using all of his abilities, so please take advantage of this opportunity.”
In my opinion, President Kim Su-chan was a person with an above-average eye for watching movies.
I know for sure which movie will hit the box office.
At most, I couldn’t do more than two works in a year.
Even though the investment for this year’s film has already ended, there is still $500 million left.
Even considering the investment in movies being produced by TC and Mobile Comics, more than 200 million dollars remain, so I decided to entrust the 100 million dollars to Kim.
President Kim bowed his head deeply.
“Thank you for the great opportunity. We will definitely show good results.”
“yes. And I have two more things for you to do.”
“Damoyeo Information Technology is laying VDSL, a high-speed internet line across the country, and the work will be finished within a month or two. I’m going to start the OTT (Over The Top, real-time video content provision service) business I mentioned before, so please contact the broadcasters and get the content usage rights. You can contract mainly for dramas or programs that have been popular with people.”
“Do you want to unconditionally sign a contract no matter what the price is?”
“It can’t be. If you want to sing too high, don’t worry and give up. After all, we have to secure more than hundreds of contents, but if you give us what we call them, we will only do good things for the broadcaster.”
“And the second thing I want to entrust is drama production.”
“If it’s a drama, we’re making several episodes right now.”
“It’s a web drama. What I’m talking about now is the kind of dramas that are aired on the airwaves, that is, more than an hour per episode and the total number of episodes is around 20.”
“Hmm… are you thinking of a drama production business?”
“haha. no. I’m going to use it for the D-flix that I’m going to release. We need our own original content for that. Relying only on external content runs the risk of being too swayed by the broadcaster, and it is difficult to win when a competitor that provides a similar service appears later. The best thing to use as the original content is a drama. So, please make a drama that has a drama format that is currently broadcast on the airwaves but is of much better quality.”
“When you say quality drama, what level do you mean..?”
“I want that level of being like watching a movie. So, I plan to set a production cost of at least 5 billion won to a maximum of 10 billion won for one drama series.”
Kim asked with a surprised face.
“..10 billion?”
