Training Game Has Become a Reality 192

Chapter 192 – 192

Daum.

It is Korea’s largest portal site. 2nd place after 1st place Naver. Market cap: approximately 2.8 trillion won.

“We were once number one in the industry, but we were pushed back to second place by Naver. We are losing market share to Naver little by little every year. Management is getting worse day by day.”

Daum was a sick dinosaur.

I was so nervous that I was on the verge of collapsing.

This was the reason why Daum came up for sale on the market.

“Would you like to take over Daum?”

“Yes! I think it would be a good idea to take over even if it means going out of our way. It has great synergy with our company.”

“Why?”

“There are three main things.”

One. It was synergy.

By acquiring Daum and linking it with existing businesses, significant synergy could be expected. Daum and Y Shopping, Daum and Y Delivery, Daum and YTV, Daum and Y Accommodation, etc. Linkage between existing businesses was easy.

“For example, if you link Daum and Y Shopping? You can kill both the mobile market and the PC market. If you link Daum and YTV, you can attract more viewers.”

Two. It is scalable.

It is easy to expand business operations by utilizing Daum. You can link Daum with SNS platforms, you can link Daum with games, and you can link Daum with webtoons and web novels.

It is optimized for octopus foot management.

Three. It is data.

Jiyu carefully judged whether AI would be in the spotlight in the future. In order to enter the AI ​​market, a foundation for collecting data is essential. A very large portal site equipped with a search engine like Daum is perfect.

Other than that.

Acquiring Daum will expand YSP Group’s social influence.

“It’s okay. But the problem is…”

There is a problem.

The problem is the price.

Daum’s market capitalization was 2.8 trillion won.

It was not 28 billion won or 280 billion won, it was a whopping 2.8 trillion won.

2.8 trillion won. It is an astronomical amount.

A large sum of money that one would hesitate to readily acquire even in the world of Jinseong.

‘And.’

The problem is not only price.

There will be quite a few companies that want to acquire Daum.

Competition is essential to acquire Daum.

If you want to win the competition, you will have to take a lot of losses.

It may be necessary to invest more than 3 trillion won.

That’s not all. There was more problem.

Jinseong preferred unlisted companies. They preferred private companies rather than companies for shareholders. He wanted to run the company purely at his own discretion, without paying attention to the shareholders.
Unfortunately, Daum is a listed company. Also, a dinosaur. It is the second-largest listed company on the domestic portal site. If we were not careful, we could have suffered a catastrophe where the money was spent as it was and the delisting failed.

‘Hmm.’

I was worried.

Should I take over? To or not?

Although the price was expensive, it looked desirable.

Private listing may be difficult, but it looks delicious.

Although it was burdensome, it seemed well worth the adventure.

“Can we take over?”

“Yes. If the conditions are met, we can take over.”

In Jiyu’s opinion, YSP Group had sufficient capabilities to acquire Daum.

That’s right.

“Didn’t you actively utilize leverage and have fun with coins?”

As Jiyu said, Jinseong used coin leverage.

The price of Bitcoin soared, creating a fortune of close to 2 trillion.

“Tesla stock has also risen significantly, and haven’t you made a lot of money with short-term payments?”

Tesla stocks alone approached 1.3 trillion won.

Short-term funds amounted to more than 500 billion won.

Jinseong’s cash assets have reached a whopping 4 trillion won.

“If the CEO is trustworthy, you can easily get a loan worth trillions of won.”

If you get a loan using your company as collateral.

At the lowest interest rate, trillions of won is just gum.

“CEO. A company like Daum. It’s not a company that always comes up for sale. It’s better to buy it when you can, even if it means going out of your way.”

JiU added advice.

“With our group’s weight, I think it would be okay to run at least one listed company. I think it would be better to acquire management rights with minimum capital and proceed with delisting considering the future situation.”

Advice continued.

“Of course, competing with Nabo will not be easy. It is never easy to turn the situation around once it has been turned. However, with our group’s capabilities, we are likely to fight well.”

Jinseong gently closed his eyes.

“…”

A quiet silence fell.

“Okay. Let’s take over.”

I soon made a decision.

“Yes!”

Jiyu left the representative office.

‘Although Daum is expensive, there is sufficient funds for the acquisition.’

Capacity is sufficient.

As Jiyu said, if Daum is acquired, it will be good news for YSP Group. It’s like putting wings on a tiger’s back. We are good at connecting between businesses, we are good at diversifying our businesses, and we can plan for the future.

‘First, let’s take over a listed or unlisted company.’

The conversation is over.

Before long, Kim Chun-jae, CEO of Chuchu Construction, came to visit. We sat facing each other on the sofa and drank tea. President Kim Chun-jae had sweet, warm coffee, and Jin-seong had sweet, refreshing puffer tea.

President Kim Chun-jae looked broken.

“Huh? You want to take over my company?”

Jinseong bluntly proposed the acquisition of Chusu Construction.

“Yes. To be precise, I would like to acquire Chusu Construction and recruit its president.”

“…”

President Kim Chun-jae couldn’t help but feel absurd.

Never in his wildest dreams did he expect that Jinseong would want to take over the company.

“Logistics centers, factories, hotels, resorts, office buildings, employee apartments, etc. There are many buildings that need to be built and buildings that want to be built.”

Rather than entrusting work to an external party.

It was beneficial for the group to build its own building.

“We are planning to acquire a construction company and invest hundreds of billions of won. After strengthening our investment capabilities and hiring talented people, we plan to build a large-scale logistics center and a hotel on Jeju Island.”

Added words.

“If possible, I would like to take over Chusu Construction. I would like to work with the president. With the president’s ability and my financial resources, we will be able to grow the company to a large extent without difficulty.”

The terms of the acquisition were stated.

“95% stake in Chusu Construction. We will acquire it with a 20% premium. Daewoo will guarantee the best in the industry. If you join me, no, join us, you will be heard as the CEO of a large construction company within the next 10 years.”

In fact, the ‘large construction company’s statement’ was a hastily made statement.

In order to win the hearts of others, you had to present a vision.

Of course, just because you improvised it doesn’t mean you’re lying.

It is a law that is undeniably golden.

[Inner thoughts: I’m embarrassed because it’s so sudden. Honestly, it’s not a bad offer. No, it is a conscientious and good suggestion.]

[Inner thoughts: YSP Group has sufficient capabilities to acquire a mid-sized construction company. Chusu Construction is a small and medium-sized construction company. There is no reason to take over Woori Chusu Construction. Nevertheless, the reason why the acquisition was proposed on generous terms…]

The reason is…

The reason…?

I don’t know. I wasn’t sure.

“CEO. Why do you want to take over Chusu Construction?”

“The boss’s passion.”

Jinseong answered right away.

“And it is an ability.”

He had a kind and gentle smile on his face.

“Actually, I don’t just want to take over Chusu Construction. I want to recruit the president even if it means taking over Chusu Construction. I decided that with the president, our YSP Group will definitely be able to take a leap forward.”

President Kim Chun-jae thought it was absurd.


Clearly, Jinseong was younger than President Kim Chunjae. He was about the age of his son. He was younger than his son.
But Jinseong’s words moved my emotions. I am being influenced. Trust grew in the young CEO.

“CEO. Thank you for your continued support.”

“It’s me. Please take care of me.”

A contract was written.

95% stake in Chusu Construction. Acquired with a 20% premium. President Kim Chun-jae signed a contract with a 5% stake and the best treatment in the industry. Jinseong repaid Chusu Construction’s debt of 5.3 billion won in one lump sum.

Investment money was attracted.

I was instructed to prepare for the interview.

In addition, scouting for competent talent was also ordered.

That wasn’t all.

The name of Chusu Construction was changed to YSP Construction.

Insufficient employee welfare has been improved to match that of the YSP Group.

YSP Construction was born.

—

The name of YSP Coin Exchange was changed to Y Coin Exchange.

Chusu Construction changed its name to YSP Construction.

‘Today is interview day.’

[Number of people required for each department]

[YSP Entertainment 10 people]

[YSP Pharmaceutical 10 people]

[YSP Construction 20 people]

[Y Accommodation: 10 people]

[Y Delivery 10 people]

[Y Shopping 3 people]

[YTV 3 people]

[36 other people]

As many as 102 new employees must be hired.

Interviews will be held throughout the day.

‘We hire half from the reserve list.’

I’ll have to hire the other half on site.

I took out a notepad. Name and specialty are written.

These are people who were interviewed earlier.

A list of people who were considered okay even though they were eliminated.

We plan to hire half of them.

“Jiyu. Please.”

“Yes!”

The secretary’s office will contact you sequentially.

If I had found a job, I would have declined it.

If I can’t find it, I will approach you with an offer of employment.

I had an interview.

[Kim Ji-young]

[Depression]

[Lee Myung-hoon]

[Sociopath]

[Park Mi-young]

[Feminist]

[Jeong Min-hoo]

[Stalker]

[Min Seo-hee]

[Paranomania]

I feel this way every time I go through an interview.

There are so many people who look normal on the outside but are abnormal on the inside.

‘There are the most alcoholics.’

There were a lot of bastards, egoists, and fraudsters.

There are also many people with depression, kleptomania, feminists, and sociopaths.

‘Leaving out. Everyone is eliminated.’

I followed the iron rule of staying away from evildoers as much as possible.

‘Oh?!’

Of course, there were not only bad people.

There were just as many good people as there were bad people.

‘Jackpot!’

Sometimes a big catch was caught.

[Park Chorong (20 years old)]

[Composition (SS) Lyrics (SS) Creativity (S+) Reading (S)]

[Sage, timid]

Ms. Park Chorong was an aspiring composer.

She produced the song herself and was interviewed.

Jinseong listened to Park Chorong’s song.

“Mr. Park Chorong. Please become our company’s exclusive composer.”

We promised the best treatment in the industry as an exclusive condition.

The conditions were a contract deposit of 100 million won, provision of a dormitory and workroom, and salary and incentives.

Besides Ms. Park Cho-rong.

[Kim Jin-tae (35 years old)]

[Crisis Management (S), Employee Management (S), Delicacy (S), Stamina (A), Versatility (A)]

We also hired Kim Jin-tae, who applied for a job in the construction industry.

[Lee Jong-beom (33 years old)]

[Stamina (S), Health (S), Perseverance (S), Yudori (S), Brain (S)]

Jongbeom Lee was hired as the person in charge of the lodging app.

‘Hehe.’

We hired many great employees today.

‘Good.’

I smiled happily.