Chapter 125 Tyranny of Conglomerates (5)
Choi Chun-sik, the head of GM Group, could not hide his displeasure while listening to the monthly performance report.
“These bastards… do you think the third quarter earnings will drop rather than rise?”
An important place where the presidents of each affiliate gather to report on the next quarter’s performance and discuss future prospects. However, he couldn’t laugh at all because of the dark stories that were pouring out.
“An 80% decrease in sales in the wireless division and the electronics business in the previous year? What the hell are you guys doing to get paid? It’s insane to put this in front of me now as performance!”
Quaang.
Chairman Choi Chun-shik could not stand the anger boiling deep in his heart. When he hit the desk, the air in the conference room became chilly, as if an arctic cold wave had swept in. And the president in charge of GM Electronics lowered his head with a pale face as he saw Chairman Choi Chun-sik glaring at him with eyes as if he were about to tear to death.
“Sorry, Chairman! It’s a shameful story, but… No matter how hard the researchers and the development team try, it’s impossible to break the stronghold of Ajin Electronics.”
Semiconductor and wireless communication devices business, which can be said to be the flower and everything of the electronics industry. However, Ajin Electronics completely dominated the market itself based on ridiculous technology.
“That’s why I gave you unlimited R&D funding! It doesn’t matter how much money goes into it, so somehow catch up with those old electronic bastards!”
However, it is a future industry with tremendous added value to give up just because a strong competitor has emerged. So, in order to catch up somehow, even the money earned from other affiliates was pouring in and making astronomical investments, but the results were so disastrous.
“It is a very presumptuous statement, but Mr. Chairman…. Experts and academics believe that Ajin Electronics has at least 50 years of technology… no, it is estimated that it is 100 years ahead. It is not something that can be solved simply with money.”
The CEO of GM Electronics, with a serious look on his face, as if he had to say something even if his head ran away at this moment. Chairman Choi Chun-shik’s face turned red with anger at his words, but he spoke in a calmer and colder voice than ever before.
“Is the situation that serious?”
Ajin Electronics and GM Electronics, which have obviously been fighting for rankings due to the gap in technological prowess in the industry. However, one day, they suddenly released a ridiculous semiconductor to the world, and at the same time announced a huge innovative item called the G-1, a smartphone that is different from the portable communication device envisioned at the time. was changing
“We are trying our best to produce low-cost products as much as possible and switch to a strategy that focuses sales on developing countries and countries with low technology, but making sales and performance like in the past is… honestly, I think it will be difficult.”
That’s why GM Electronics completely bypassed it by giving up competition with Ajin Electronics and selling low-quality products at low prices. However, since gross sales and profit rates themselves were incomparably lower than before, the report cards that came out every quarter were at a disastrous level to the point of missing the splendid past.
“It’s pitiful…..”
Chairman Choi Chun-sik, who made GM Electronics himself and made it the number one electronics company in Korea. Now, he is in the position of chairman, who has stepped down from the front lines and leads all affiliates.
“Sooner or later, I’ll go look around there myself, so get ready when you get back. And all of you guys listen carefully. It’s difficult, difficult, impossible for me to put you guys in the position of president. In order to somehow make this GM group the No. 1 group in Korea, I made them do it regardless of means and methods!”
If not, let it be! With evil and with ugliness.
Chairman Choi Chun-shik, who lived in the era of hunger spirit in the past. The bosses, who had been quietly watching his words, hurriedly lowered their heads and made a sound.
“you’re right! President! I will do my best to renovate every day!”
“We will deliver results that are not ashamed of next quarter.”
The bosses who make fun of their mouths in fear of sparks flying at them. However, among them, there was someone who was watching the current situation with a relaxed attitude.
Choi Je-gyu, the youngest son of Chairman Choon-sik Choi, the idiot of the entire group, and troublemakers.
Jegyu, who was looking at the other elderly presidents as if they were pitiful, muttered as if he wanted everyone to listen with a strange mocking smile on his face.
“You messed up last quarter’s results and made a huge mess until this quarter, but can you really believe what they’re saying here?”
“…..”
The meeting room became quiet as if cold water had been poured on him at his question. Everyone’s eyes were on him, but Jaegyu didn’t flinch at all and said with a confident face.
“If you are really confident, shouldn’t you get a memorandum or a letter of assurance that you will voluntarily resign? I don’t think it’s okay to say something that you can’t take responsibility for, even though you’re in the position of president, not an executive director or managing director.”
“…..”
A remark that feeds all the bosses who are making fun of their mouths to avoid it right now. However, there were numerous silent expressions of emotion, from those whose faces turned white to those who showed outright hostility at his remarks, but no one could refute him. Ironically, Jegyu was the only one who had received all sorts of cold treatment and contempt for being a troublemaker in the GM Group that brought about an overwhelmingly positive performance in this conference room.
“President, think about it. I couldn’t even attend this meeting of the presidents, but how successful and enormously profitable my ‘GM’s upper management’ is. And how much the so-called bosses sitting in this conference room were against investing in my upper management.”
several months ago. A plan promoted by the upper management of GM by investing tens of billions of astronomical funds. Regarding the decision to invest 50 billion won at the time, I was very aware of how negatively people who were close to Chairman Choi Chun-shik were talking about and sabotaging Chairman Choi Chun-shik, so Je-gyu’s eyes looking at this incompetent president seemed cold. There was no way.
“Kheuheum…..”
“At that time, we objected because the aggravation of public opinion was too serious…”
“Really? Do you remember when I said the other day that it didn’t make sense to spend that much money on just a game?”
“…..”
As if it was time for revenge, Jae-gyu was excitedly beating the bosses who were ignoring him. However, as if he didn’t like his behavior, one of them said with a frown.
“Hey Jaekyu Choi. Do it in moderation.”
Choi Min-sik, the eldest son of Chairman Choi Chun-sik and president of GM Construction, who is mentioned as the likely successor to the GM Group. He spoke with blatant hostility as if he didn’t like the man whose position had risen to the level of threatening him in an instant.
“What am I?”
“Stop talking to me. Do you not know what place this is now?”
An official meeting of GM Group presidents. That’s why it meant to keep basic courtesy, but it was a word that he brought out to check the regulations that were trying to hit the bosses who were friendly forces. However, as if that had become a catalyst, he turned the arrow of the attack with a twitching face.
“Oh right. GM Construction seems to be in a bad mood these days. Are you worried that if you wrote a memorandum, the next quarter will be destroyed and become a new one?”
“…This bastard is really….. Hey, isn’t he doing it properly?”
Jaegyu stimulates himself with a genuine smile. However, Min-sik couldn’t stand the provocation and jumped up from his seat with his eyes raised. The atmosphere is like a fist fight right now. However, such a thing did not happen due to Chairman Choi Chun-shik’s roaring voice.
“What are you doing right now!”
Quaang.
Chairman Choi Chun-shik slams the desk and becomes indignant. Min-sik, stinging at his shouting, bowed his head at the reprimand that poured out.
“You bastard, what insolence are you doing in front of me right now! To think that a guy called the boss would run so excited about a word like that. And what kind of business operation is business operation!”
“I’m sorry, Chairman.”
“And did Jaegyu say something wrong? Do you think I don’t know how many people here poured out all kinds of curse words and curses at me when he said he was doing that virtual reality? But how are your grades now? Jaegyu, how much was it earlier?”
“It was one-off, but the profit made with the 50 billion won supported at that time was 600 billion won. Currently, we are expanding the size of the top by aggressively investing with the funds, and our goal is to achieve 1 trillion won in total sales and 700 billion won in operating profit by the end of the year.”
The upper half of Jekyu, who started the business less than half a year ago. Although the company’s image was destroyed due to the recent crisis, it was showing phenomenal performance and expanding its business on a tremendous scale, so Chairman Choi Chun-sik was also passed over by a small accident.
“group 1. You guys are aiming for 700 billion in operating profit alone with 1 trillion in sales in the game that you guys dismissed as just a game and ignored! 700 billion! Do you still not understand how ridiculous this is when you think of the money you guys are ripping off rather than building factories or developing technology?”
Virtual Reality Arcadia.
Except for the cost of the capsules required for access and the labor cost of the gamers hired, almost no funds were invested, but the upper end of the regulation created an enormous operating profit. It was a cash cow that pulled out a huge amount of cash and a duck that laid golden eggs.
“So keep your head straight and innovate to somehow create a new path for our company. If you come and push me next quarter with the same results as now, I will slap you myself, regardless of who you are.”
That’s how the meeting of the CEOs of GM Group came to an end. Lastly, Chairman Choi Chun-sik growled and proclaimed a harsh warning with sincerity.
* * *
After the meeting, Jekyu returned to the office.
As he sat down at his desk, the assistant secretary lowered his head and said,
“You worked hard, young master.”
“Puhaha… Puhahhahahaha.”
Jae-gyu silently recalled what had happened in the conference room. When he thought of Min-sik, who had left his seat in tears, he couldn’t help but burst into laughter.
“You look in good spirits.”
“Haa… This is better than I thought. To the point where I wanted to record how exhilarating it was to see the bosses and my older brother at a loss, not knowing what to do with their poop-chewed faces?”
Those who always openly ignored themselves. However, Jae-gyu, who had a splendid revival through the top of GM, was now in a powerful position that no one dared to help.
“There is no problem with the plans that were being pursued…?”
“That’s right. Everything is running smoothly.”
Jegyu smiles at the words of the assistant secretary. It was a goal he had almost given up on in desperation before, but now a new hope was sprouting in his heart little by little.
‘If I really make 1 trillion won in sales by the next quarter… even my father would approve of it.’
The Korean conglomerate GM Group.
That is to say, his brother Min-sik is not the only one who will claim the throne as the chairman of a giant corporation encompassing dozens of subsidiaries.
Just like that, while Jaegyu was fully operating the happiness circuit in his head, someone suddenly opened the door in a clamor and appeared.
“Sah boss! It’s a big deal!!”
“what?”
I don’t remember the name, but the employee who was the general manager of the marketing side. He said with a pale face.
“That…. A new video has been uploaded to the daily life of the destroyer.”
“what….?”
Destroyer’s routine.
A video channel that exposed the grain purchase plan secretly pursued by GM’s upper management group in the past. At the words of the staff who mentioned the place, Jegyu jumped up from his seat and asked.
“what? Could it be another video related to us?”
Looking at his reaction, Jegyu asked with an uneasy mind. At his question, the employee nodded and said with a serious face.
“First of all… I think you should see it for yourself.”
At those words, Jegyu hurriedly connects to Arpendia via computer. And he checked the contents of the video and muttered in a cold sweat.
“Fuck…..”
It seems like it’s been less than a few hours since the video was uploaded, but the number of views has already exceeded 10 million. The video was tempting viewers with a very provocative name.
[Ah… I can’t stand this lol.]
The title has absolutely nothing to do with the content.
However, even at the moment when I blinked my eyes while drawing a strong aggro with a title that anyone could not stand without clicking, the number of views was rising by tens of thousands.
