Chapter 2672 Options are ideal

Lao Zhang came to South Korea this time not to watch the "man-machine battle" of Go, but to participate in the business spin-off of Kakao as the second boss of Changyou.

The chaebol corporate structure is popular in South Korea. The main reason why it is so popular is that it is conducive to the rapid formation of industry monopolies.

It is also more conducive for those who hold corporate power to allocate more wealth to themselves.

This has been planned for a long time.

Zhou Buqi also made some suggestions, and the two sides also caused some differences.

After a long period of exploration and changes in the company structure, it was finally decided that we could take out a piece of business and try to advance it first. If the progress goes smoothly, then the future spin-off of various businesses will be carried out based on this template.

This spin-off business is Kakao Games, which introduces new investors.

This partner is naturally Changyou.

There are two spin-off plans given by Jin Beomxiu.

First, in the spin-off Kakao game, Kakao holds 55% of the shares and Changyou holds 45%. Then, both parties jointly invested US$30 million in Kakao Games and started a series of subsequent financing operations. However, before Kakao games go public, it is necessary to ensure that Kakao holds more than 50% of the shares to ensure control of the company.

Second, in the spin-off Kakao game, Kakao holds 55% of the shares, Changyou holds 35%, and the remaining 10% is divided by Jin Fanxiu, Zhou Buqi, Jingtao, and Ziweixing.

Both of these plans surprised Zhou Buqi.

Lao Zhang doesn't need to think about it, he has no right to speak.

In Jin Fanxiu's office, Zhou Buqi had difficulty understanding both plans. "That's it? Are these two plans not complete enough?"

"Ah?" Jin Fanxiu was a little confused, "No way? We have reviewed it many times. Look at that document. There is a more detailed description of the specific share distribution."

Zhou Buqi shook his head, "It's easy to talk about share allocation. What I mean is... why is there no option pool arrangement?"

"this……"

Jin Fanxiu seemed to feel a little complicated.

Zhou Buqi said: "I am a technology company, and the most important experience I have learned is to allocate equity and give options generously."

In many companies, one of the most important reasons for being able to act as a hands-off boss is that the options are sufficient...some of them are not even options at all, but are directly given shares.

Only when workers feel that they are creating wealth for themselves, rather than working for others, will they work harder and do their best.

However, there was no option design in Jin Fanxiu's two plans.

How to encourage employees?

Jin Fanxiu hesitated for a moment and said slowly: "The situation in South Korea is a bit special. What I mean is that employees are more concerned about their salary and the cash they receive."

Zhou Buqi asked: "Don't you need long-term incentives?"

Jin Beomxiu said: "But it is still far away from the launch. Let alone the launch of Kakao games, we don't even know when Kakao will be launched."

Zhou Buqi was surprised, "Kakao doesn't have an option pool?"

Jin Beomxiu said: "No, no need. I know that technology companies in Silicon Valley rely on long-term equity incentives to motivate employees, but South Korea is different."

Zhou Buqi said: "We have them in our country too."

Jin Beomxiu asked with a smile: "Is it available in Japan?"

Zhou Buqi said: "Yes... yes?"

Jin Fanxiu explained: "Most companies in Japan don't have it. Maybe Jingtao does, but I think it's really unnecessary. Jingtao can completely cancel this part of the expense."

"What's the reason?"

Zhou Buqi felt that his words were a bit counterintuitive.

Jin Beomxiu said: "This may be due to cultural differences. Our employees prefer to settle down after landing. As for the future dream of getting rich overnight by relying on stocks, it is very unrealistic for most people."

Zhou Buqi seemed to understand a little bit, "This is the difference between a big country and a small country."

Jin Beomxiu disagreed and said: "I think it is also related to the national ecology and economic vitality. South Korea's economy is monopolistic and controlled by chaebol giants. The economies of China and the United States are active, and many young people have beautiful ideals for the future. and ambition, many people have the passion and pursuit of entrepreneurship. But South Korea is not the same, and the same is true for Japan. The economic structure of society has been solidified, and young people... to put it bluntly, they cannot see the future."

"Um."

Zhou Buqi felt deeply touched.

Although South Korea and Japan are both very developed and have high per capita income, after listening to Jin Beomxiu's analysis, I suddenly felt that their young people were so pitiful.

Young!

How good is it to be young?

You can be frivolous, you can be unrestrained, you can be passionate and passionate, you can boldly imagine the future... The European powers of Britain, France and Germany can be like this, the United States and Canada can be like this, and the country can also be like this!

But, not South Korea!

Even if they seem to be developed countries and their per capita income is higher, from the perspective of higher spiritual pursuits, money is like dirt. Young people have no ideals and no pursuits. All they have left is firewood, rice, oil, salt and soy sauce. Life is in front of vinegar tea, how sad is that?

To put it in a joking way, Koreans are "born in Samsung hospitals, study in Samsung schools, work at Samsung after graduation, and be cremated in Samsung funeral parlors after death."

A person's life can be seen at a glance.

From this point of view, how big is the difference between North and South Korea?

The option incentives in the company's salary structure are mainly incentives for the future and ideals. Many outstanding people would rather pay less or even no money to obtain more options or stocks. In fact, it is to exchange for a better future at the cost of modernity.

For an individual, "painting the pie", from a group perspective, is the future of the nation.

The young people in South Korea are oppressed by the monopolistic chaebols, and their social vitality has been lost. They have no chance to start a business. After graduation, they can only work for the chaebols. They have completely lost their imagination of the future, and there is no temptation to "big pie" anymore. The most reliable salary is the honest salary. You can see the future at a glance, so where is the “big pie” left?

No stocks, just salary;

Don’t be idealistic, be stable.

From this perspective, Japan’s options culture is also very weak, and there is almost none in Hong Kong, Macao and Taiwan.

This can reflect the general trend of an economy.

The powerful countries in China, the United States and Europe are really full of hope. Especially China and the United States, which are simply the two most shining countries in the world. Countless young people have given up their high salaries of millions to join a start-up company and receive a salary of several hundred yuan, just to go there. Get that future-proof stock.

It is completely paying for the ideal.

How great is this?

This is the hope of the country and the future of the nation.

How can they be as lifeless as South Korea and Japan?

However, if the young people in China one day stop fighting for stocks and options, and instead demand higher wages, they will scold the capitalists every day for only trying to spread the pie and are unwilling to give money. They are even unwilling to pursue a greater career ambition in private enterprises and have turned to obtain stable civil servants... That is a very dangerous sign.

This is actually a very cruel topic, but Jin Fanxiu seems to have not thought about it that much. In other words, he has become accustomed to the current situation of Korean society and has begun to change from a dragon slayer to an evil dragon. He said calmly: "Kakao has already become a leader in the field of mobile Internet. It is unique and has no competitors in the Korean market. However, the Korean market is so big and it is almost impossible to expand overseas markets. We can only develop in such a small circle, so how ambitious can we be?"

Zhou Buqi said with a smile: "We can develop from the consumer Internet to the industrial Internet."

Jin Beomxiu said: "Indeed, this is the importance of spin-off development. However, there is no need to share shares with employees. For Korean Internet engineers, where else can they go besides joining Kakao?"

In the final analysis, it is still a monopoly.

What's there to inspire?

The reason why the stock option incentive culture is so prosperous in China and the United States is that the competition is too fierce and without long-term pursuit of ideals, outstanding employees will not come at all.

South Korea is different.

Who can compete with Kakao?

Just like many state-owned enterprises, love comes or goes!

If you don’t come, there will be no shortage of you!

This is cruel.

But for Zhou Buqi and Kakao, this is a good thing and more in line with their interests.