The God of Coding, Becoming an IT Conglomerate

65. My own company (2)

Pantech was one of the companies Hoyoung personally liked.

It started as a nothing communication device manufacturing company, and later showed itself standing shoulder to shoulder with prominent conglomerates in the smartphone market.

The atrocious after-sales service, too high a debt ratio, and problems with mobile phone firmware updates or after-sales support were so serious that it eventually closed down, but what Hoyoung paid attention to was the positive aspects of Pantech.

“Director. Im here.”

They arrived at a small, shabby building in Yeongdeungpo.

Ho-young waited for Mi-ru to park in front of the building and together they walked toward the building’s entrance.

“I think the 1st and 2nd floors are where you work?”

“yes. The first and second floors are small factories, and the third floor is said to be an office.”

As I went up to the third floor while listening to the sound of the machine running, an iron door appeared, and Miru knocked first and opened the door.

“Excuse me.”

“Are you here? I was waiting for you!”

As soon as Miru entered the office, a man wearing thick nightglasses that covered half of his face rushed out from inside the office and stood in front of Miru.

“Oh there…”

“I was really surprised when I got the call. I don’t know how you came to know about a small company like ours, but I can say that you came here really well.”

“So···”

“Did you say Yun Ho-young? What can I call you? I’ll just call you the boss. Oops! You didn’t introduce me. My name is Park Young-yoon, the CEO of Pantech.”

Park Young-yoon continued to speak without a break.

Miru was fascinated and listened to Park Young-yoon for a long time before finally being able to stop him.

“Wait, wait.”

“ah! Did you stand at the door for too long and talk? Go to the representative office over there and sit on the sofa. Ms. Mikyung Kim, can I have some coffee please? Oh, is the handsome friend behind you a secretary? The secretary will also serve you a cup of tea.”

At Park Young-yoon’s words, Mi-ru looked back at Ho-young with a troubled expression, and Ho-young laughed.

Hoyoung gave Miru a few top-of-the-line suits as a gift.

Park Young-yoon seemed to think that he was a rich investor in a good suit.

“Hey, Mr. Park Young-yoon. I am Director Ho-Young Yoon’s secretary.”

“yes? then···”

“The person behind me is director Yoon Ho-young.”

Park Young-yoon was clearly surprised.

“Oh, I’m sorry. Stop because you look too young.”

“it’s okay. Still, it feels good to hear that you are a good-looking friend.”

Hoyoung made a light joke.

However, Park Young-yoon’s face had already turned black.

“Do you want to come in this way?”

“yes. I see.”

After entering the representative office, Park Young-yoon apologized for a long time, and Park Young-yoon calmed down after a long time.

“CEO Park. My secretarial staff must have received the contact I gave you in advance.”

“yes. To be honest, I couldn’t believe it when I got the call. How do you know our company…”

“I really like the radio products they are making. Whether it’s product finish or performance.”

Park Young-yoon’s expression brightened slightly at Ho-yeong’s praise.

“Thank you for a good look.”

“I heard that you are planning to start producing a wireless pager (beeper) from next year, is that true?”

“yes. I believe that the demand for wireless pagers will skyrocket in the future. In particular, it is more likely that Korea is a country that is very sensitive to communication and speed.”

Hoyoung smiled as he liked Park Youngyoon’s answer.

“I am of the same opinion. By the way, aren’t you thinking about cell phones?”

“I think the cell phone has endless potential, but it’s still too early.”

“Why do you think so?”

“Currently, there are not many users of mobile phones because of the high rates and expensive mobile phones. Besides, poor call quality is a bonus.”

Park Yeong-yoon spoke firmly, and Ho-yeong thought he was quite an insightful person, contrary to his initial behavior.

Actually, that’s why I came to see him.

“Then, will consumers use it a lot if they have communication rates and quality comparable to those of landline phones?”

“It makes sense. If only those problems are improved, there is no reason not to use a mobile phone.”

Hoyoung nodded his head once.

And he said in a stern voice.

“If you assume that such a world will come soon, how will you operate the company in the future?”

Park Young-yoon could not answer right away this time.

I intuitively realized that I had to be very careful with this answer.

Hoyoung, who was making an interesting expression in front of him, thought he was testing himself.

“Wait a minute, let me think. Although it is not decided here, we have to think carefully about running the company.”

“I see.”

After a while, Park Young-yoon, who finished his thoughts, opened his mouth.

“If that happens, the beeper market will definitely not grow. There’s no reason to use a beeper when you have a cell phone. And no matter how good the service is, there is only one problem with cell phones.”

“what is that?”

“It’s the price. Currently, a mobile phone costs close to 1 million won. Of course, if you have a lot of money, it’s a price that you can readily buy, but it’s a bunch of people who use it all. So, if we are sure that such a world will come soon, we will start preparing and making mid- and low-end mobile phones.”

Hoyoung’s eyes lit up.

What Park Young-yoon was saying now was the story he wanted to hear.

Park Young-yoon continued.

“Currently, there are not many companies that manufacture mobile phones yet. Even large corporations are just starting out. Of course, the key is how to develop it, but I don’t think there’s any reason not to do it if you have the time and money to spare.”

Park Young-yoon saw Ho-young’s expression and thought he had answered correctly.

That’s how much Hoyeong’s expression looked satisfied even to others.

“I heard you. That’s pretty much what I think.”

“Then may I hear the proper reason now? Why did you come to see me? Are you here to invest?”

“It is not just an investment.”

“If not…?”

“Beyond investing, I want to acquire Pantech.”

“Are you saying you want to buy this company?”

“That’s right.”

At Hoyoung’s words, Park Youngyoon made a puzzled expression.

Although it is still a small company, it was a company he founded with a big dream of business.

In addition, it was very little, but it clearly showed that it was growing.

In this situation, the sudden takeover offer was something I hadn’t even thought of.

“Would you like to listen to me for a minute?”

Seeing his expression, Hoyoung opened her mouth.

“What is your reason for wanting to do business?”

“Why do I want to do business?”

Hoyoung nodded, and Park Youngyoon pondered for a while before speaking.

“In the end, you want to be ‘successful,’ right?”

“Yes.”

As Hoyoung said, he thought that success has many meanings.

Money, fame, position, etc…

Of course, the criteria for success are different from Park Young-yoon, but he thought that what he wanted to say was clearly conveyed.

“If you join me, I am confident that you will never regret it. I have a technology that can make the price and quality of the cell phone I just mentioned not much different from that of a landline phone.”

“What technology is that?”

Hoyoung shook his head slowly.

“Unfortunately, I can’t tell you more details before you join me. All you need to know is that we already have the technology to revolutionize cell phones.”

“Hmm… Is that so?”

Park Yeong-yoon looked at Ho-yeong with her brows narrowed a little.

It was because I couldn’t believe Hoyoung’s words.

“The reason it’s not just an acquisition is because I’m planning on acquiring several companies to make one huge company. They say that Pantech will be able to play an important role there.”

“Then you can just start a company. Why go to our company…”

Seeing Park Young-yoon blurring his words, Ho-yeong smiled brightly.

“What I need is not just a mobile phone manufacturer, but the capabilities of the CEO. As I said earlier, I want to group related companies together. I would like CEO Park to serve as the representative of manufacturing affiliates, as he is now. After we acquire Pantech, we plan to establish a mobile phone manufacturing plant based on a huge amount of investment.”

“Hmm… then what about the equity relationship?”

“I plan to establish and manage the affiliates as a solid holding company, or Holdings. The holding company I will establish will hold more than 80% of the shares. And I would like to keep the remaining 20% as a pleasure for the company to grow.”

“Then what do you think the price for 80% is?”

Hoyoung smiled.

“I’ll give you 1 billion.”

“10 billion! Hmm… Wait, can you give me some time to think?”

“I won’t ask you to make a decision right away as it will be a difficult decision. I will give you a week or so.”

Park Yeong-yoon was briefly surprised by the word 1 billion, but soon put on a serious expression.

‘I can’t release all the information until I’ve signed a contract yet.’

Ho-young was about to tell Young-yoon Park, who still did not believe him, that he had acquired a stake in Qualcomm.

If things don’t go well, I’ll have to go back, but as Park Young-yoon said, starting a company is enough.

“All right. Where can I contact you?”

Hoyeong handed over a business card.

The business card read [H&H Technical Director Yun Ho-young].

“H&H? Is H&H’s Director Ho-Young Yoon the CEO?”

“Do you know me?”

“You know, it’s already rumored in the industry. Isn’t H&H making a fortune in every business it touches? In particular, rumors about Director Yoon’s performance at ECEC this year are spreading in Korea.”

Ho-yeong was embarrassed by Park Young-yoon’s unexpected reaction.

“Is it? I had no idea.”

“It is not covered in domestic news or newspapers. But now, among young IT businesses like me, H&H and Director Yoon are already famous.”

Ho-yeong, who thought that rumors would not spread widely because there was no internet, thought that the proverb that words without words go a thousand miles is true.

“I’ve never seen the face, so I heard the name and didn’t recognize it at once! If so, is this H&H involved?”

“no. This is something I do alone, not related to the company.”

“okay.”

Park Young-yoon’s eyes looking at Ho-yeong were clearly different from before.

If a little while ago it was the look of an unreliable swindler, now it was an awe-inspiring look.

‘I didn’t say anything because I was afraid the story would be complicated, but if it’s like this, it would be better to talk in advance.’

Hoyoung smiled bitterly and got up from the sofa.

“Then let’s get up.”

“yes. I’ll tell you after I think about it. In fact, all of our employees are shareholders. I think we should talk about it together.”

“I hope you think in a good direction. But I can say one thing.”

“What is?”

“The 20% stake with me is going to be much bigger than the 100% it would have been if I had grown alone.”

Hoyoung’s face was full of confidence.

“All right. We will consider it carefully and contact you.”

“yes. Enough then.”

After leaving the Pantech building, Hoyoung and Miru decided to go home today, but ended up heading back to work.

“Come to think of it, I think I need to change cars.”

“ah! you’re right. This is very cumbersome.”

“I mean.”

Hoyoung mischievously looked at Miru, who grumbled mischievously, and Hoyeong remembered the person who bothered him.

‘When will the results of the printer software come out? It must have ended well, right?’

He even laughed.

His software is perfect.

If his software is not selected, it is highly likely that it is due to circumstances within the reputation group.

‘If so, that must be the limit of the adjustment ceremony.’

Hoyoung immediately threw the thought of Jo Jungsik out of his head.

For Hoyoung, the meeting with the Electronics and Telecommunications Research Institute in a few days was more important now.

He rested his chin on his hand and thought about future meetings.