Chapter 308

Chapter 308

The standard of wealth is usually $1 million in cash. And the super-rich is $30 million. The super-rich continues to increase in China, Russia and India, and they have emerged as major consumers in the luxury goods market. They bought supercars worth more than a million dollars, as well as yachts and private planes as if to show off, and the market for the super-rich is growing.

Among them, the dedicated plane can be said to be the final boss. It does not end with just buying, but storage costs, maintenance costs, and salaries of pilots and crew members are continuously paid. Therefore, it is difficult to cover the maintenance cost without a lot of money.

Well, it doesn’t matter how much money we have.

Sales representatives from Boeing, Gulfstream, Embraer, and Dassault came to the OTK Company headquarters. Some companies even sent models that could be driven for a test drive to Korea.

When I heard the story, it was said that OTK Company was going to purchase a dedicated plane from a long time ago. The reason is because Sangyeop senior worked hard here and there. He even said that he had test drives several times.

“… … Huh? When did you test drive?”

Senior Sangyeop turned around with a childlike expression on her face, approaching her to buy her toys without her mother’s knowledge.

“No, what… … It’s not that I want to ride it, it’s nice to have it. I think Karos and Faceit will need it as well as us.”

I heard it and it is

As both companies are targeting the global market as well as the U.S. base, they often travel on business trips. It would have been cumbersome to buy tickets every time.

“Then why didn’t you buy it?”

Taehyung closed his eyes and looked at me.

“Are you asking because you don’t know that? The president rides a light car to work, can the managing director sign a BMW contract?”

“Ah… … .”

Was it because of me?

It is convenient to have a dedicated plane, but it is not essential. So it seems that he hasn’t been able to say he’s going to buy it. I was busy researching and developing and launching products.

I’m kind of sorry

I nodded.

“I’ll ask if I need it, and I’ll have to buy it from other companies as well.”

Everyone welcomed her as soon as she spoke. Especially Toby and Gerrard were so good they didn’t know what to do.

“It was my dream to have a party with the actors in the sky in a private plane. Do you know what the Mile High Club is?”

“… … .”

did that actually happen?

“I will definitely invite the representative as well.”

“… … That’s Okay.”

I’m a little curious, but I decided to wait.

If you get caught by Ellie, it won’t end with nagging.

Anyway, we decided to purchase one of us, two Karos and one Faceit.

I met the representatives and listened to the explanations. They eagerly explained and actively appealed the performance and options of their dedicated aircraft.

Taehyung said in a low voice.

“Isn’t that what it is?”

“Well, the planes all look the same.”

If you hide the logo, you don’t know which company it is.

Senior Sangyeop shook his head.

“What do you mean? The shape of the wings and the engine are slightly different here. The number of windows is also different. I can tell just by looking at it.”

“… … .”

I think I’ve been looking really hard all this time.

Unlike aircraft designed to transport as many passengers as possible, the interior of the dedicated aircraft is different.

Meeting rooms, bedrooms, and showers are standard, and can be customized according to the user’s taste. The design can also be decorated with an old-fashioned or flashy look.

There are only a couple of things to choose from.

I put down the pamphlet I was holding and said to Sangyeop-senpai.

“I just pick what the senior wants to buy. Don’t worry about the price.”

Then Sang-yeop said excitedly.

“Really? There is nothing else to say later.”

Then he immediately summoned the representatives to one place.

“Raise your hand of the company that can deliver the fastest.”

* * *

Negotiations between GM and Ford went smoothly without any major problems. They agreed on the big picture, but disagreed on the details.

Of course, neither Chairman Teresa McFarland nor Hugo Petraeus were easy opponents. The two negotiated as if they were gladiators in the arena.

In particular, President McFarland was unusual. She is famous for not blinking an eye when she was laid off and surrounded by furious workers.

However, our negotiating team is also not easy. Hyeon-joo’s older sister was negotiating with Seo Sang-won, the team leader. There was a debate for a long time about correcting one word in the negotiation.

“Isn’t it right for TS Company to take full responsibility for the recall due to battery failure?”

“We will take responsibility for defects that occur in the manufacturing process, but we cannot accept responsibility beyond that.”

“CL Chemical, which has been supplied to GM, was responsible for the battery recall.”

“That was the wrong contract there. It is right to take responsibility only within the normal scope.”

“What does the normal range mean?”

Taehyung said in a low voice.

“My older sister’s personality wasn’t dead.”

“Yeah.”

There is so much tension that it even looks bloody. After all, tens of millions of dollars go back and forth for each number and decimal point.

The only rest time was meal time and a brief visit to the bathroom. After one or three days like that, everyone’s eyes changed and their throats were sore. However, none of them released their posture and eyes.

Ellie was at his side, assisting the branch manager and reviewing various legal provisions. A contract does not mean that we enter into a contract between us, and we have to go through a check to see if there are any violations of the law. As if interest above the legal maximum interest rate or a memorandum of waiver would be invalid.

Even with the slightest glance of Hyunjoo’s older sister, Ellie found her necessary materials and offered them to her. Maybe it’s because she’s been working with her for a long time, and her hands and feet seem to fit together.

She is also professional when she works.

* * *

After a week of negotiations, a draft of the negotiation was drawn up.

We held each other’s hands in the Diamond Hall of the Ceylon Hotel while the domestic and foreign media watched.

I said representative.

“From now on, OTK Company has decided to cooperate with each other in the fields of driverless cars and electric vehicles, with GM and Ford as their top priority partners.”

This was nothing short of a seismic change in the automobile industry.

The media quarreled over the article, and Ronald immediately tweeted.

[The Big Three Alliance is a very good thing for American workers. Now America is hiring more workers to make more cars. If anyone blocks it, I will not stand still.]

This was nothing more than a warning to other countries blocking imports through trade barriers.

– Wow! Big 3 Alliance. crazy

-Aren’t GM and Ford actually going under the Karos division?

-It’s not that much, it’s the same as what Suseong Electronics makes Andromeda smartphones.

– Do you really need to do that? Can’t I just eat it all by myself?

– The annual sales volume of the global automobile market is 90 million units. It is impossible for one company to produce all of these.

-It is urgent to grow the pie by supplying software and batteries.

-Closed platforms have limitations. I think it is right to choose an open platform. Looking at the smartphone alone, Andromeda’s market share is overwhelmingly higher than that of NOS.

– I’m glad that Eunsung Cha got up early.

-By the way, when will the AD series be released in Korea? I’m waiting to buy

– At that price, I’d rather buy a Benz or a BMW. The car is definitely made in Germany.

-Yeah. next bump.

* * *

During the video call, Daryl said sarcastically.

“Competition for finished cars will intensify in the future.”

Supplying autonomous driving software and OTK batteries means that other companies will also have the strengths of Karos.

While it has the advantage of being able to make money from software sales and develop technology, it has to compete fiercely in the finished car market.

In a way, the situation was similar to that of Seoseong Electronics.

Seosung Electronics makes and sells TVs and smartphones, while also supplying displays, semiconductors, and batteries to competitors.

It’s a bit worrisome.

“Are you okay?”

Daryl nodded confidently.

“Caros is already the brand of future cars. You won’t be pushed back by GM and Ford. And competition is good for progress.”

“Is it a challenge and a response?”

He smiled at my words.

“In the words of Arnold Toynbee.”

Stagnant water tends to rot, and if there is no natural enemy, it will be culled. You can progress further by facing challenges.

Smartphones, such as Andromeda and NOS, and Seosung Electronics and NPL, have continued to develop while competing with each other.

“The automobile market is too big to occupy alone. There is a lot more to be done than that.”

Gone are the days when automakers only made and sold cars. There are endless fields to expand, such as electric trucks, electric scooters, ride-sharing, and car-sharing.

Unmanned trucks have already been partially commercialized, and the next step is to enter the ride-sharing market using the AD series.

It’s time to push Iver away.(Read more @ wuxiax.com)

* * *

At the time of the semiconductor boom, the market cap of Seosung Electronics increased to 350 trillion won. Up until this point, controversy arose, but the current market cap has surpassed 700 trillion won!

It was the result of the addition of expectations for future electronic business profits and the value of the company’s 24.5% Karos stake.

It is the largest company in Asia and ranks among the top ten in the world. Again, there were talk of high valuations, but there were also counter-arguments that it would soon overtake Gubble and NPL.

Berkshire Cashier, who invested in Suseong Electronics early, also earns twice as much, and was praised as a Warren Boat.

Thanks to the share price rise, Chairman Im Jin-yong’s assets also increased significantly. Yes, it is 4th place in Korea. For reference, 1st place is me, 2nd place is Taekkyu, and 3rd place is Hyunjoo’s sister.

Thanks to Seosung Electronics, the KOSPI also reached a new high. But looking inside, the situation was not so good.

Among individual stocks, only Seosung group stocks such as Seosung Electronics and Seosung SB rose, and the market caps of other large companies were on the decline. For this reason, the returns of the funds that incorporated Suseong Electronics and those that did not were markedly different.

The domestic economy was also serious. There are several reasons for this, and one of them is Suseong Electronics.

Taek-gyu asked as if he didn’t understand.

“Why is that because of Seo Sung Electronics?”

“It’s kind of like the resource paradox.”

The basis of the economy is the exchange rate.

Oil-producing countries earn huge amounts of foreign currency just by mining and selling underground oil. Therefore, regardless of the country’s economic situation, the currency continues to be overvalued, which adversely affects exporters.

Korea’s domestic demand is not good right now. Unemployment continues to rise, and employment and investment show no sign of improving.

In this case, it is normal for the won to depreciate. When the exchange rate rises, firms gain price competitiveness and increase exports, which leads to employment and investment.

But Seo Sung Electronics is doing very well. It is not enough to scrape dollars with semiconductors, it is also attracting global investment funds to Korea.

When foreign funds come into Korea, they sell dollars and buy Korean won, so naturally, the won’s value is inevitably overvalued.

Experts predicted that, without Suseong Electronics, the exchange rate would have risen by 20 percent. From the perspective of other exporters, this means that they are unintentionally suffering damage from the overvaluation of the won.

As in the article I read the other day, N-Phone changed the world, not just the mobile phone market.

I knew intuitively. Change is likely to come sooner and bigger than everyone expects.

The market has already crossed the singularity.

It may be a good opportunity for some, but a crisis for others. Challenges and counterattacks bring progress, but if the opponent is too strong or responds incorrectly, it will be ruined.

After surviving, you have to make progress or not, right? How many of today’s large companies will do well in 10 years’ time?

I told Chairman Im Jin-yong.

“I think we should meet CL group and SSK group once.”