Free release of Hunminjeongeum
〈Lower Hangul, lower limit for 5 consecutive days〉
〈Araea Hangul stock that no one buys after Earth Resources withdraws its acquisition〉
〈Aerae Ah Hangul Minority Shareholder Group Formation, “We will hold the current management accountable.”]
Haneul’s executives volunteered to hold a press conference.
“Earth Resources and CEO Kim Shin showed us their intention to acquire it first. And publicly announcing the intention to abandon the acquisition by using the media is an act that seriously threatens the loss of shareholders and corporate management. We plan to seek advice from a law firm to see if there are any illegal elements in the recent stock price drop… … .”
Haneul’s stock price was cut in half.
Since the complaints from the shareholders were great, the management was driven into a corner and did something.
―Don’t worry, where are you going? After they played the press first.
―Earth Resource has already revealed the whole story. When I asked for the purchase price, they said it was too expensive. So, while I was thinking about it, I informed the reporters of the Hangul below. In the end, it’s expensive, so I don’t buy it. end.
―It was the current management who told the press that Kim Shin-hyung would take over, right? You were quiet when you hit the upper limit, right? The lower limit is falling, so you’re in a hurry, right?
―You talk a lot. these guys are the culprits
The media and public opinion were not on the side of Haneul’s management.
Normally, some pro-business media might have sided with Haneul, but a heterosexual group was indirectly involved.
Freedom of speech can fight the government, but it was difficult to give up on big business.
〈Aeraeah Hangul, the current management is responsible for the failure of takeover negotiations〉
〈Arae Ah Hangeul management demands an unreasonable sale price〉
〈Aerae Ah Hangul, which missed the growth opportunity of the company〉
“Editor-in-chief, are we blatantly representing Earth Resources’ position?”
“Then what do you do? Do you know that your salary this month comes from the Earth Channel?”
Newspaper sales plummeted in the mobile era.
It would not be an exaggeration to say that they make a living from online traffic, but recently the public has not read news articles on portals.
People searched and watched news on video platforms, and news organizations received a portion of advertising revenue.
“When articles are published on the side of Earth Resources, the number of views increases and advertising revenue is earned. Do we need to be criticized for covering the story from the Hangeul perspective?”
“It is.”
“And if you get it right this time, you’ll know.”
“Who is it?”
“Aerae Ah Hangeul is a major shareholder or management. They keep the company close to a monopoly, so they don’t know how scary the world is.”
The new reporter asked at the words of the editor-in-chief.
“By public opinion? Still, it’s not a company that will be swayed by public opinion. Even if the stock price goes down, it will recover again someday.”
“There are so many people who don’t know how scary the world is. Thanks to Kim Shin, a group of opposite sex is sucking honey with rude words.”
“It is.”
“Are other companies just watching? What if I change to Hunminjeongeum to impress Kimshin?”
“Then, corporate sales will drop drastically.”
“If Kim Shin decides, he can deal a huge blow to Haneul.”
“Are you really going to do that?”
“I wouldn’t do it for the sake of face. Are there weight classes, but are they fighting small and medium-sized businesses? Companies are too deceitful, so they can’t do it while swallowing their mouths.”
Korean companies were actually paying attention.
It wasn’t difficult to sever ties with Hangeul, but it wasn’t easy to break through a group of opposite sex and get a contract from Earth Resources.
* * *
Urgent meeting of Haneul Hangeul executives.
CEO Son Joo-seung, who was the majority shareholder, harshly reprimanded the executives.
“How are you all going to handle this situation? Don’t just keep your eyes open and watch, do you have any groundbreaking ideas?”
“… … .”
Negotiations for the sale of shares were handled by Joo-seung Son. He was the one who caused the accident, but the executives should have shared responsibility for the aftermath.
Sales Director Bae Hyun-soo said.
“Our company has consistently been in the black every year, and sales are maintaining a stable flow. The current share price decline is excessive, so it will recover in a month or two.”
The manager in charge of corporate activities helped.
“That’s right. Aren’t the fundamentals of the company sound? High operating profit, low debt ratio, corporate assets more than market capitalization. It was a blue chip stock, but there was a side where investors were turned away because there were no issues. Once this crisis passes, stock prices will inevitably rise significantly.”
“Isn’t that true?”
CEO Son Joo-seung thought the same thing.
Rejecting the takeover does not mean that the company will go bankrupt. How long will the stock price record the lower limit?
‘If the lower limit comes out by tomorrow, why don’t you use it as an opportunity to buy more stocks?’
It was seen as an opportunity to earn a good profit later by investing personal property and buying back its own stock.
Like other companies, if Haeah Hangeul proceeds with a subscription service, sales will rise as well.
‘Turning a crisis into an opportunity. This is the beauty of management.’
Haerah Hangul has been a company that has been without major crises or ups and downs.
Son Joo-seung decided to use it as an opportunity to recover from a difficult situation.
‘It would be nice if I hit the lower limit twice more.’
I couldn’t hear the words of the executives who were trying to settle the situation smoothly because there were thoughts that kept lingering in my head.
“CEO Kim Shin says that it was a mistake by the employee in charge of stocks that the media reported the acquisition.”
“It is to inform investors of future growth plans such as research and development, securing technology, and overseas expansion, and to emphasize that it is a sound company with a high credit rating.”
Son Joo-seung watched the meeting and suddenly said,
“How about escalating the situation now?”
“Yes?”
“From our point of view, there is nothing to lose, and even if we lose, the stock price will only fall.”
“… … .”
“I don’t think falling stock prices is necessarily a bad thing from the manager’s point of view.”
The executives of Haneul Hangeul thought it was dangerous, but they couldn’t stop it.
This is because CEO Son Ju-seung owned a 43% stake, and including his wife and children, it was a company with more than 56% stake.
* * *
〈Arae Ah Hangul Management, “Kim Shin made fun of the Korean software industry.”]
〈Aeraeah Hangul CEO Son Joo-seung, “We suspect that he used our company with the final takeover of Hunminjeongeum in mind.”＞
Haneul’s management came out unexpectedly strong.
Small Internet newspapers that wanted traffic wrote the articles they wanted.
〈Kim Shin’s manipulation of Korean companies. Operation for short selling?＞
〈Kim Shin only likes big companies. Ignore the difficulties of small and medium-sized enterprises＞
〈Kim Shin ignored Korea’s representative word processor〉
―You keep blaming Kim Shin-hyung for this.
―A 24-hour analysis of the economy? Was there any news like this?
―It seems that you were attracted to the portal because of the title of the article.
―Are you short selling Hangul? There was almost no short sale, so what are you talking about?
―Is this K-freedom of speech?
―Aeraeah hangul is determined and is going to go to the end.
Public opinion was arguing for me.
“Hmm… … . It goes like this.”
Basically, I felt sorry for the Hangul below.
I didn’t buy the company, the price was high, and I didn’t want to give them up for nothing.
“It was a company that might suffer the most damage if the service of the Earth Channel proceeded.”
I didn’t know that Haneul’s management would fight back like this.
―Kim Shin: Vice President Ahn Myeong-guk!
―Vice President Ahn Myeong-guk: Whoa whoops. It’s nice to hear the title Vice President.
Ahn Myeong-guk felt that he had some more time after being promoted to Vice President of Bio Life.
Life is happy when money and social status rise.
I know better than anyone else because I am an experienced person.
―Kim Shin: How is the Hunminjeongeum team?
The corporations in Korea are Dream Art Rainbow and Bio Life.
The Hunminjeongeum team received from the Lee Sung Group was sent to Biolife in Gwangmyeong, and Ahn Myeong-guk was temporarily managed.
As a bonus, he asked me to speak comfortably while he was promoted to vice president.
As a business owner, I received honorifics for a while, but I was the person I served as my boss for over 4 years.
―Vice President Ahn Myeong-guk: I think we are doing well according to the development schedule. It’s different from being from a large company.
―Kim Shin: In what ways?
―Vice President Ahn Myeong-guk: I go to work at dawn and leave in the middle of the night. If you look at it in passing, your concentration during work hours is amazing.
They were programmers who had been attached for 15 to 20 years in a heterosexual group, not another company.
Sincere Korean elites. Could it be a sample of worker worms?
―Kim Shin: Is there a group chat room for Hunminjeongeum employees?
―Vice President Ahn Myeong-guk: Yes. Shall I invite you?
-Kim Shin: Yes.
After a while, I entered the KakaoTalk group chat room of the Hunminjeongeum development team.
―Kim Shin: Hello. Nice to meet you all.
―Jeongsik Han: Who are you?
―Oh Min-ki: This is the Hunminjeongeum team. What brings you here?
―Vice President Ahn Myeong-guk: I invited you. This is Shin Kim, CEO of Earth Resources.
―Hanjeongsik: ???
―Kim Byung-cheol: Yes???
The Hunminjeongeum team, which moved from the Iseong group, had a total of 32 members.
Last year, when Hunminjeongeum was abolished, there were some who left or moved to other affiliates in Iseong, but all of them got together again.
―Kim Shin: Welcome to the Lee Sung Group.
―Kim Shin: The office is not properly equipped, so I ask for your understanding even if the working conditions are poor for the time being.
No matter what he said, there was still silence in the chat room.
‘Are you uncomfortable with the company representative appearing and talking about it?’
Developers are unusual. I could understand it well enough by watching Oh Myung-woo and Eddie.
As long as you do your job well, it doesn’t matter what kind of personality you have.
There’s a lot of unseen ranking competition going on among Earth resource programmers, but it’s better than that.
―Kim Shin: Han Jeong-sik, the team leader.
―Hanjeongsik: ㅔ… … Yes. CEO.
It’s still awkward, so he even made a typo.
―Kim Shin: How long will Hunminjeongeum be re-released?
A moment passed.
Around the time I wondered if I had asked too soon.
―Hanjeongsik: Available tomorrow. I was constantly updating until the day the project was scrapped.
―Kim Shin: Then I’m glad. A web or cloud-powered version will take a long time to develop, right?
The reply came a little quicker this time.
―Jeongjeongsik: It is not difficult. I’ll finish it in a month, no, in a week.
What on earth did you go through while working in a heterosexual group?
No matter how fast, a week would be too much.
―Kim Shin: You don’t have to be in such a hurry. Don’t be lazy, take it slow.
―Kim Shin: Starting with the office field, we will continue to invest in computer-related software.
―Kim Shin: Of course, we are also working in the US, but we will continue to expand the Korean development team depending on the situation.
―Kim Shin: Because people all over the world should be able to use Hunminjeongeum freely.
―Kim Shin: Please take good care of me in the future.
* * *
lower limit. lower limit.
After Kim Shin’s takeover was canceled, the stock price of Haneul Hangeul dropped steadily.
〈Araeah Hangul, buying treasury stock for 30 billion won〉
〈CEO Son Joo-seung, “Use your own money to buy stocks. The current share price is too low.”
In Haneul, we actively increased our stock holdings while not receiving attention from investors.
A week later, an article appeared in the press.
〈Earth Resource, Word and Office Programs Free of Charge Decision＞
〈Shin Kim, CEO of Earth Resources, “A decision for users around the world.”〉
〈Hunminjeongeum, free software download from the Earth channel, support for web and cloud operation〉