33 episodes
Jin In-gi, who was silent for a moment, said.
“Do you really need to deal with it in such a complicated way?”
“There is. I hate complicated stake relationships.”
“Is it because of the stake ratio?”
Jin In-gi said that he was thinking of himself in order to increase the stake in Ceron of the joint venture.
“Don’t get me wrong. I don’t lie. Except for borrowing from the Seron, everything is driven solely by equity capital. You can think of it as an extension of that.”
Then Jin In-ki said with a puzzled expression.
“It goes without saying that equity relationships become more complex as the company gets bigger. Seron will also have to go public someday.”
“Ceron won’t go public?”
“Yes?”
it’s crazy?
It’s obvious that the shareholders will go crazy for stealing money from the CEO?
“Huh…”
“Anyway, just like Yurim doesn’t think about OEMs, I also hate joint ventures. So you just do it like this? It’s not like customers come into the factory and check the contracts between Seron and Yurim to buy things.”
If you catch the same fish in Korea, it’s Korean, and if you catch it in China, it’s Chinese.
So, no matter what the process is in the middle, it doesn’t just have to look like it’s Yurim’s own production.
Then Jin In-gi, who was silent for a moment, said.
“I understand what you mean. But for that you need a solid guarantee.”
“A guarantee?”
“Isn’t this a form where Seron literally signs a contract with Yurim and gets hired for a certain period of time? What if Seron refuses to extend the contract in the middle? We, Yurim Electronics, have to bear a huge loss.”
Ahh.
That’s why we pushed more joint ventures.
but.
At the most, I invested money to build a factory in Korea, but if Ceron is missing, Yurim’s factory will just float in the air.
“I will specify it in the contract. As long as Yurim does not do anything that harms Seron, Seron will automatically extend the contract.”
“… well.”
It’s not enough to call it a guarantee, right?
However, since further concessions are impossible, further explanation is only a waste of time.
“I will say one more thing and close. Ceron footwear has never before canceled a contract with a customer first. Of course, if the customer somehow increased the deal with Ceron shoes, it increased, but never decreased. This is the end of the story.”
If you reject this, there is nothing you can do.
Jin In-ki looked at me at my words and said.
“This is the last concession Ceron can make.”
It’s good that you can talk quickly with a smart person.
“It is correct.”
Then Jin In-gi, who had been thinking for a while, said.
“good. If that’s the case, I think it’s worth talking about seriously.”
OK.
very good.
‘Would it be salty if the deal was made?’
Collaborative factories with companies with guaranteed sales and sales.
In other words, as soon as the factory is completed, profits are generated.
‘Are you going to increase the number of partners?’
Yurim Electronics was the first to contact us, but there are many companies that covet the skeleton’s labor force.
They say that if you attract overseas factories of such companies to Korea, you can increase the size of Seron in an instant.
‘okay. There is no need to leave the easy road and return to the difficult road.’
The goal has been set.
Then, if you put the first button on well, the next button will also fit smoothly.
I’m definitely going to chop it up from the bottom in advance.
“Wouldn’t it be possible for people to riot about losing their jobs with this?”
“Surely, it is a factory that did not exist in Korea in the first place.”
“Still, if someone gently blows the wind, the general public will not just pass on it. Wouldn’t Yurim Electronics employees in Korea feel anxious right now? They thought that all their factory jobs would be transferred to the new factory contracted with Ceron.”
Foreign workers are filling jobs that Koreans are reluctant to, but even that is what people are complaining about because they lose their jobs.
Because a job is a sensitive issue directly related to livelihood.
“…I think it might be.”
“It may not be, but it will definitely be.”
Just like at the shoe association, you have to nail the nails before people go crazy.
Seron seeks coexistence, saying that it is necessary to emphasize that it is not just about bringing back factories that have leaked overseas, rather than taking away existing people’s jobs.
The US also cuts corporate taxes and works hard to bring back factories that have gone abroad.
I’m just emphasizing that Seron has done it.
“Sir, let’s do this. First of all, I met with the union of Yurim Electronics’ Korean factory…”
*
Jin In-ki and I shake hands, and the reporters who invited them take pictures with their cameras.
On the banner hanging above me and Jin In-gi’s heads, it was written:
Ceron, Yurim Electronic Agreement Ceremony.
As soon as the photos were taken properly, this time Yurim, the head of the Korean factory labor union, approached me.
The president shook hands with me and said.
“thank you.”
“Did you check the contract?”
The headmaster nodded at my words and said.
“I have confirmed the contract that guarantees the allocation quantity and model of the Korean factory. It is thanks to the active participation of representative Han.”
After finishing the story with Jin In-ki, I met with the president of the union by introducing Jin In-ki and told me about the collaboration contract between Seron and Yu-rim.
As expected, the head of the union was bewildered and worried about a leak of supplies from a Korean factory or job loss.
I reassured you that there will be no changes to the Korean factory, and rather, as the new factory grows, more people may be needed to assist the skeleton.
In addition, I persuaded Jin In-ki to include in the contract the guarantee of the quantity and model allocated to the Korean factory.
Thanks to this, the union, the company, and the business partners succeeded in drawing the same picture as now, smiling brightly.
“Because I always seek win-win.”
I looked at the reporters and said.
“Everyone misunderstands, but skeletons are not all-rounders, so human assistance is absolutely necessary. In other words, it can be said that it is an intermediate role between an automated facility and a worker. Anyway, when overseas factories come to Korea like this, the Korean economy will be further revitalized, and there will be an increase in skeleton management and white-collar jobs. At the same time, we guarantee the existing jobs of Korean workers through strict contracts.”
Is this enough?
Skeletons are so harmless.
There is an investment effect and a job effect.
Anyway, it seems that the picture came out pretty well… Shall we start business soon?
“So I am confident that this will be a big step in the economic development of Korea. Overseas! to bring the outflow of capital back to Korea!”
I continue to explain with extreme emphasis on overseas.
I shouted out loud.
“From now on, Ceron will be overseas! We will do our best to help factories return to Korea and contribute to economic development!”
So, companies with overseas factories?
Please contact me soon.
Let’s make some money together.
*
Reporters who focused on only the positive points, excluding the negative content, such as the investment effect and job creation caused by the return of Yulim Electronics’ Chinese factory to Korea, and securing competitiveness by reducing production costs.
Naturally, this was possible because all of these reporters were journalists who had been working with Yurim Electronics from a long time ago.
Anyway, as soon as the signing ceremony with Yurim Electronics was successfully completed and the article was published, one by one contact came from companies that were noticing.
What these companies have in common is that they all had production plants in China like Yulim Electronics, but they were preparing to relocate to Southeast Asia due to the increasing labor cost burden in China.
Of course, all of these companies can be eaten without any harm like Yurim Electronics, but that doesn’t mean you can’t eat everything.
I said looking at the list that Kim Deok-bae gave me.
“Annual sales of 4.6 billion won. This is a pass.”
4.6 billion is too little.
It is said that if you accept all such small and medium-sized enterprises, you have to put all the skeletons in the sky and manage them non-stop, no matter how many programmers there are, that is too inefficient.
Therefore, it is a much more stable and convenient choice in terms of efficiency and cost to select and receive only proven companies.
“Then, see you. coffee machine?”
It is a company that mainly manufactures coffee machines, but it is quite large and well-known in Korea.
Not bad.
For favorite foods like coffee, people judged the brand quite a bit even if they picked one machine.
How likely is SR to buy a coffee machine license and grow it into a global brand?
To be honest, it’s safe to say that there are hardly any.
SR The perfect company to fill the gaps in electronics.
“This is ok.”
Having roughly arranged the candidates like that, I handed the list to Kim Deok-bae and said,
“Have a meeting and talk with the companies you have checked here. oh And a company that has not negotiated with the union is an unconditional pass. Remember? Youngjin Tech.”
It was one of the companies that I contacted after the signing ceremony with Yurim Electronics, and it was a company that makes automated machines.
I liked that the sales were similar to that of Yurim Electronics, and the factories were also divided into Korea and China.
So I ended the conversation with the representative in a good way and went right before the contract was signed, but there the union problem broke out.
The Yurim Electronics Union was still relatively cooperative, so it went beyond what was specified in the contract, but the Youngjin Tech union didn’t make any sense.
The union, who shouted against the union, said that if the skeleton factory was built, it would take away not only the Chinese metallurgy factory, but also the work of the Korean factory.
I saw it and threw away all my plans.
“If we make a mistake, it’s obvious that we’ll be entangled too and it’s going to be a hassle, right? So we can’t leave it alone for that to happen.”
Kim Deok-bae nodded and said.
“I understand what you mean.”
“like.”
“By the way, CEO, I got an offer from another company……”
“Enough with this for today, and drive it all at once when you see tomorrow.”
“Not that, because this is not a Korean company. How do these companies deal with it?”
“Isn’t this a Korean company?”
“This is an American company. Our main focus is monitor manufacturing.”
hey
Do you now do it to overseas companies?
“How about sales?”
“All other conditions, such as sales, are met.”
I thought for a while and said.
“call. We will also meet with overseas companies if the conditions are met.”
read at noblemtl.com
My goal is to bring overseas factories to Korea and make money without any job problems.
So it doesn’t have to be limited to Korea.
Rather, if foreign companies are brought to Korea, a cleaner transaction is possible.
Like Youngjin Tech, there will be no conflict with the Korean labor union itself, and above all, isn’t it good to bet on the title?
SR Electronics Attracted foreign company investment.
hey
how nice to hear
Just hearing the word “foreign investment” makes you feel like something will be of great help to the economy, right?
“All right.”
I said with a smirk.
“ruler. Let’s keep going.”
*
Starting with Yurim Electronics, among the overseas factories to which proposals were made, contracts were signed and there were only about 10 companies that opened the signing ceremony.
Since each of them is a company with its own recognition and scale, both in Korea and abroad, the sales volume of the contracted factories alone amounted to more than 800 billion won a year.
Of course, Ceron’s share of the 800 billion won in sales isn’t that big because Ceron goes to a facility management company, but most of the sales are net profits.
It’s a good thing, because it’s like a facility manager, in fact, lending a skeleton to the partners for a salary.
Thanks to this, it is expected that these 10 companies will be able to earn tens of billions of dollars a year in administrative expenses disguised as labor costs.
This alone is a significant profit, and in addition to that, the atmosphere in Korea is good due to the U-turn of Korean companies and the attraction of foreign investment.
I read the contents of the agreement between SR Electronics and the electronics company written in the newspaper.
“In a short period of time, we signed an agreement with 10 mid-sized companies to confirm the attraction of Korea, and the direct and indirect economic effects are estimated to reach at least trillions of won.”
I said with a smirk.
“Isn’t this what we asked for?”
“no.”
It is said that the article was written by the reporter without our breath.
“but. It’s not often that we hear news about attracting foreign investment like this.”
Considering the increase in corporate tax revenue in addition to the plant site purchase, facility investment, and job effects for managers, the economic effect of trillions of won is exaggerated, but it is certainly a huge achievement.
In addition, the direct investment of foreign companies in Korea or the return of overseas factories to Korea was almost like a bean sprouting from a drought since Korea entered a period of economic maturity and high wages, so it is worth writing an article like this.
“However, CEO, it seems that there are some dissatisfied voices in the electronics industry.”
“Are you dissatisfied?”
“So, it is said that companies with factories only in Korea are subjected to reverse discrimination…”
It is true that the Korean electronics industry has been completely destroyed, but that does not mean that there are no companies that directly produce domestic products.
Companies with so-called brands that have survived by making good use of their specialties, such as companies that make camping electronics, and window-type air conditioners like Yurim Electronics.
Some of those companies really have factories only in Korea.
So it’s even more ridiculous.
“No, I should have given you this much consideration, how much more do you want me to do?”
What these companies have in common is that they are competitive enough even at a very high price compared to Chinese products by raising their brand value.
Even Yurim Electronics is selling window air conditioners that are twice as expensive as those made in China, just because they are made in Korea.
In other words, the business position itself is completely different from the factories I am currently attracting.
“It’s not funny. Just ignore it.”
I’m doing my best not to be insulted, such as choosing an industry that is dying out and bringing in and attracting foreign factories with no flaws.
“I am just announcing that we will never accept cooperation with a Korean factory because it can cause job problems for domestic workers.”
On this occasion, we must not ignore the loss of jobs for Koreans.
“All right. ah! And our partners are looking for a factory site, and they said they would collect our opinions on where it would be best.”
“Our opinion?”
but.
The closer you can get to Ceron, the easier it will be to run the factory.
“How do you know about this area… huh? Wait a minute.”
The investment scale of the 10 partners is considerable enough to be published in the article.
Local governments, eager to attract new investment, even by issuing an announcement on the selection of an investment area, rushed in with bubbles in their mouths.
Just as I actively use the title of attracting foreign investment, local governments and heads of local governments will be able to use this investment as their achievement.
But right now, you’re saying that I can actually control this.
I said with my eyes shining.
“Look at this.”
So, can’t we use this as an excuse to negotiate with local governments and get concessions?
Alternatively, one way to go further is to make all of the business partners in one region depend on the local economy.
“There is no way not to be like Pohang or Ulsan.”
Just as Korea’s No. 1 steel mill comes to mind when thinking of Pohang and heavy industry when thinking of Ulsan, the impact of becoming a regional representative company is enormous.
Right now, there are rumors that the politicians in those two cities will come out as people filmed by that company.
What can’t you do with Seron?
In the future, the number of partners will increase indefinitely.
“okay. If you are going to do it, you should definitely do it.”
No matter how much I look at people and pretend to be a good company, I grow up, eventually, as I get bigger, there will be enemies.
At that time, the fact that there is an area that is absolutely dependent on Ceron is a great weapon that Ceron can have.
If I leave the car, I will leave the room, because all the locals will get up with a single threat.
“great. I’m going crazy.”
If Seron is absent, the local economy will be paralyzed.
Now that the decision has been made, it’s time to decide where to put the bread.
“Where would you like to be…”
I began to think of cities of a reasonable size in Korea in my head.
“A city of scale. At the same time, a city without regional representatives.”
It is to lead partners to a city where there is no representative company to put forward, and to enter the city with cheers from the people like a general.
“It would be better to be close to the port if possible.”
Ports play an essential role in attracting foreign companies as well as exports.
A city that came to my mind after thinking about it for a long time.
“Five!”
It is truly the best city in my opinion.
As the large companies that were located in the city fell one after another, a large number of unemployed people occurred and the area was selected as an employment crisis area. As a result, the commercial district is collapsing, and at the same time, it is a city of Muju communism and a city right next to a port.
I smiled brightly and said to Kim Deok-bae.
“Chief Kim, please prepare tea. Let’s go to Gunsan.”
That city was Gunsan.