Chaebol Family Genius Son - Chapter 315
Only Ranovel
Chapter 315. With the export restrictions passing, something really big is coming.
July 15th.
The Japanese government and the Korean government entered into negotiations over the export regulations of semiconductor materials, but they ran parallel and did not produce any significant results.
An upscale restaurant in Gangnam.
Doyoung Han visited this place to meet Hajinmyeong.
“When the chairman came down to Gimhae, I was going to treat him to makgeolli. Too bad.”
“I’ll go down when things get a little more relaxed.”
Ha Jin-myeong took an acorn jelly, put it in her mouth, and opened her mouth.
“When I was president, we didn’t get along well, right?”
“Because I wanted neutrality. Now that you’ve retired, I don’t think there’s anything bad about it.”
“Well, since I also retired, the president has a new look. May I smoke a cigarette?”
“yes.”
Ha Jin-myung took out a cigarette and lit it.
When he started smoking, he smoked to the end without saying anything and then rubbed it off.
“President.”
“yes. Former President.”
“President Hajeon is very awkward. In vain. What plans did you have to make this happen? As far as I know, the president is not someone who moves without a plan. Does he have any regrets about the current government?”
“Rather than feeling sad, it seems that the code doesn’t fit.”
“ha ha ha. “The code doesn’t fit” was a word that came up throughout my tenure, but hearing it again here gives me a new feeling.”
“The world has changed so much. After all, it’s all because of me. It popularized the smartphone, and now one app becomes a megacorporation and shakes up the world. Thanks to that, a lot of Big Brother, Big Sister, Small Brother, and Small Sister appeared.”
“That’s an interesting expression.”
Ha Jin-myung laughed as he hit the table with his palm.
Big Brother is a man of power from George Orwell’s novel 1984, and Han Do-young described it as a group with great influence in politics and society.
Ha Jin-myeong burst into laughter because it felt so funny.
“By the way, I’d like to hear your plans for semiconductors.”
“It is the same as in the interview. By diversifying and localizing import sources, we are lowering the share of Japan to less than 30%, and if the government does not have the ability to solve the problem, we are considering even relocating the factory. There is no reason to work hard in Korea.”
“It should be resolved. How about localizing the material field? Then the domestic industry will develop.”
“The reason for diversification of import sources and localization is simple. This is to respond quickly when a problem occurs at the material manufacturing plant. There is no way that there is a 0% chance that a problem will not occur even if it is a Korean factory. Therefore, complete localization is difficult to accept.”
“also. Entrepreneurs don’t just do it. Don’t worry and work hard. I will convince Min-guk. Oh, it would be rude to call the current president by name. Anyway, please stop thinking about leaving Korea.”
Ha Jin-myeong smiled.
“Is there a way?”
“well. Since Japan threatened us, shouldn’t we do the same? If you growl on the outside and fight to death, then negotiate behind the scenes, things will probably work out.”
It was a very different name from his previous life.
Although he was still easy-going and popular with the public, it was safe to say that he had become a completely different person politically.
“I look forward to it. I also don’t want a factory relocation that costs trillions of won. Of course, if I feel I have to do it, I will relocate even at the cost of it.”
“Anyway, the president has a very unique style. Even if you turn the world upside down, it will be difficult to find someone like you.”
After Ha Jin-myeong finished speaking, he stood up from his seat.
“Come down once to avoid the busy farming season. I know a place that makes amazing makgeolli there. I’ll treat you to a drink.”
“I will definitely go.”
Ha Jin-myung shook hands with Han Do-young and left the room.
Han Do-yeong sat down again and chewed on the conversation with Ha Jin-myeong.
It was a short conversation, but it left a very strong impression in my mind.
I’d met him a few times before, but it wasn’t this intense.
“You know what to do. It has to be done ASAP. In a few months, we will enter the era of COVID-19.”
Doyoung Han shook his head and stood up.
***
A few days later.
South Korea has officially warned the Japanese government that it may not extend the expiring GSOMIA agreement.
This was a cry for the United States rather than the Japanese government.
-Quickly release Japan’s export restrictions.
July 25th.
Baeksan Group.
Kim Hyuk-soo brought a report that clearly documented the movements of Japan, South Korea and the US government.
“Hmm. As expected.”
“It’s like closing your eyes and screaming. It’s a bluff, but the US is showing a move to mediate because it strongly drove the GSOMIA agreement with the impossibility of extending it.”
“But don’t expect export restrictions to be eased right away.”
“of course. Since I drew my sword at best, I have to cut even the rotten radishes and put them in the scabbard. I think it will secretly shorten the export review period for semiconductor materials. Then, the review period, which was scheduled for up to three months, will be reduced to less than one month, so Japanese material companies can be saved and exports can be made. Also, although we haven’t lifted export restrictions to South Korea, we can still say out loud that as an ally, we have implemented the minimum necessary measures.”
Han Do-young nodded quietly.
It was flowing in the same direction as in the previous life.
However, at that time, I was a bit flustered and had strong emotional appeals such as ‘anti-Japanese’ and ‘use of Japanese products is a traitor to the country’, but now, Ha Jin-myeong stepped forward and responded more systematically.
Last time Seok Eun-suk made a mistake, Ahn Ui-hyeok stepped in to fix it, but this time Ha Jin-myeong stepped in.
Kang Min-guk was Ha Jin-myeong’s junior, and served as chief of staff when he was president.
In addition, since there were a large number of lawmakers from Ha Jin-myung’s line in the current Democratic Party, Ha Jin-myeong was able to drive strongly.
“Still, keep pushing for diversification of import sources and localization of materials. There is no change in the idea of reducing Japanese materials to 30% or less. That way, if a similar problem like this happens in the future, our losses will be reduced.”
“yes. President.”
Kim Hyuk-soo answered immediately.
“by the way. President.”
“yes.”
“In July, my phone sales in the Japanese market are not good.”
“It must have been the influence of the conflict between the Japanese government and our government, right?”
“Especially in Korea, there is a strong anti-Japanese boycott, which is seen as a reaction against it. There are not many Korean products that sell well in Japan, but my phone sold exceptionally well. The demand for the iPhone has definitely increased these days.”
“It will happen for a few months, but it will come back. There are big differences between My Phone and iPhone in many areas, such as search and the App Store. Switching from my phone to an iPhone is not an easy task. Also, our microphone’s performance and security are at the highest level. Do not worry too much.”
Han Do-young was optimistic.
As much as that, I poured a huge amount of money into my phone and made an effort to make a world-class smartphone, and I planned to continue my efforts after that.
Seeing the success of the iPhone in his previous life, as a result of gritting his teeth and working hard, My Phone rose to the top, so Han Do-young made a firm determination that he would not come down from this position.
that afternoon.
Han Do-young called Kwon Ji-hoon.
“These days, Baeksan Electronics shares have fallen a lot.”
Kwon Ji-hoon stabbed from where it hurt.
“You will recover soon. Now we need to reduce our dependence on Japan. Should companies be affected by political issues?”
“okay. you will do well What is it?”
“I’m going to give you a stock recommendation.”
“Oh, wait a minute. call me Because the enemy is ready.”
“Just take note.”
“No, I’m going to be fooled. Which one?”
“Hahaha, really.”
Han Do-young burst into a pleasant laugh.
When I talked with Kwon Ji-hoon, my uncomfortable feelings were easily relieved.
“Remember when I told you to invest in medical companies and pharmaceutical companies last time?”
“Of course, I invested quite a bit. Pfizer, Johnson & Johnson.”
It was Kwon Ji-hoon who safely invested in a global conglomerate.
These two companies have seen their stock prices rise between 50 and 300 percent as a result of the COVID-19 pandemic.
This was a great achievement, but Han Do-young wanted more.
“Moderna, Novabex, AstraZeneca. Invest here too. It’s okay to invest a lot.”
“hmm. It’s a much smaller company than Pfizer.”
“Instead, the returns will be very high.”
“okay. Invest actively. How long is the retention period?”
“For now, think about two years. I am investing because the climate has changed so much, and there is a high possibility that a dangerous virus will emerge as the Siberian permafrost melts, leading to a major disease epidemic. Even if no particular disease is prevalent, please keep it for a long time.”
It was difficult to say that it was Corona 19, so it was Han Do-young who attracted everything.
“okay. I heard that dangerous bacteria such as ancient viruses and anthrax were discovered as the frozen soil melted. Like you said, it’s going to explode big someday. Even if you don’t make a profit for a few years, you’ll eventually be able to earn enough to make up for it all at once. okay.”
Kwon Ji-hoon paused for a moment, then continued the conversation.
“Come play once. I want to say this, but looking at the situation in Korea. It sucks.”
“It will work out. Well, it won’t be dramatic, but at least it won’t affect Baeksan Semiconductor’s production.”
“okay. suffering.”
Han Do-young had a more private conversation with Kwon Ji-hoon, and then ended the call.
***
August 25th.
It has been almost two months since Japan started export restrictions.
The Japanese and Korean governments fought fiercely, shifting responsibility to each other, and the US was busy mediating between the two countries.
Meanwhile, negotiations continued behind the scenes.
In the end, Japan greatly eased export screening of some semiconductor materials and allowed them to be exported.
It was difficult for them to turn a blind eye to the clamoring material companies, and the pressure from the US, which pretended to mediate, was also a burden.
However, if the export restrictions were lifted in two months, there was a high possibility that it would face a headwind in Japan, so a compromise was reached in this way.
It was a result that neither the Japanese government nor the Korean government was satisfied with.
However, the South Korean government was able to breathe a sigh of relief as semiconductor production was not hit.
It was clear that the ruling party would suffer a crushing defeat in the local elections if the semiconductor plant were to be moved overseas.
The anti-Japanese boycott movement was not as hot as in the previous life.
Han Do-young did not look down on the anti-Japanese movement led by a specific group and a specific tendency.
Eventually, those who led this became members of the National Assembly.
It was Han Do-young who hated this.
As time passed, Baeksan and Mirae did not have much difficulty in importing Japanese materials.
Because Japan reduced its share through localization and diversification of import sources, it did not pose a big problem for Korea even if Japan allowed a small number of items and exports.
December 8th.
An article saying that the number of pneumonia patients is rapidly increasing in Wuhan, China, and that the authorities are investigating it, became known to the outside world through the Hong Kong South China Morning Post, and it attracted public attention, and then quietly sank to the bottom of the surface.
They were unaware of the seriousness of this problem.