Chapter 109

: <Sudden decline>
 
China.
Over 1 billion in population.
Its market was limitless.

According to my research, HH by Tencent is the most popular messenger in China. It is expected that it will continue its success on smartphones.

Woosung frowned.
‘I thought WeChat was the most popular messenger in China…Am I remembering it wrong?’
Woosung’s memory of the Chinese market from his previous life was unclear.
Hong Soobum continued,
Mobile market in China is still at its early stage, so I couldn’t find the specifics of which companies are developing new mobile messengers. However, I suspect there are at least a few who are working on it.

Woosung suddenly remembered.
‘Oh, so that means HH will slowly disappear and the mobile version of WeChat will become the next big messenger.’
Hong Soobum continued,
And I also looked into DJI. They are in the process of developing something called a drone, but not much information is available.

There was still much time until drones became popular. Woosung nodded.
Hong Soobum added,
And the company called Xiaomi doesn’t exist yet. AliAli is a company that specializes in electronics and it is growing fast. It doesn’t want our investment.

After mentioning a few more companies, Hong Soobum reported,
And that’s the end of the major Chinese IT companies. I am confident KND’s Blue S and Coconut Talk will become a success in China. As you said before, Woosung, we will be the first to introduce smartphones to the Chinese market.

Everyone turned to Woosung, who replied,
The most important thing here is customizing our products to fit the Chinese people. China is a communist country and will not easily allow foreign products to succeed.

Hong Soobum added,
I contacted many of the Chinese government officials to make acquaintances. It will be useful in the future.


So you are pretty much ready.


Yes. We are also almost done hiring local developers. We also built a factory in China to minimize any objections from the locals.


Then let’s arrange the opening ceremony to take place at the end of this month. We’ll all visit China together.

Everyone nodded in agreement.
After the meeting, Woosung greeted a visitor. It was Jung Jinsup. He couldn’t meet Woosung’s eyes. Woosung knew why.
MOX stock was de-listed permanently.
Majority of Jung Jinsup’s money was tied to MOX’s stocks and now he had nothing.
Woosung asked,
So what are you planning to do now?

Jung Jinsup couldn’t answer. His father was still going through the trial. Jung Jinsup didn’t know what to do.
Woosung told him encouragingly,
You can still make it. Just create another game like Legend, and you will get back on your feet soon.

Jung Jinsup sighed. He replied,
I am in the process of selling my building and my house. I will be able to get about 60 million dollars for them.

He owed Woosung 55 million dollars, which meant Jung Jinsup still would have 5 million dollars left. It was still more than Woosung wanted him to have.

I will pay you back first.

Woosung’s eyes widened. Did Jung Jinsup borrow from others too?

Thank you.

Jung Jinsup sighed again.
Woosung offered quietly,
I will be opening a new company soon. Would you be interested in being a part of it?


Are you talking about the mobile carrier business?


Not that one. I am referring to the cryptocurrency dealership.


Cryptocurrency?

Jung Jinsup appeared to not know about it.
Woosung explained,
It’s called Bitcoin. It is a new type of currency to achieve decentralization.


Bitcoin? Decentralization?

Jung Jinsup didn’t understand.
Woosung continued,
Just think of it as a new electronic currency. It is to gain people’s trust in transactions and exchange values.

Jung Jinsup started to understand. He asked sharply,
And are you telling me people trust Bitcoins?


Not yet. It is a brand new industry but think about it. What would it be like when it does gain people’s trust? Its value will be limitless.

Jung Jinsup was still doubtful.
He shook his head and replied,
I still can’t believe it. Even if it works, I can’t believe it will actually be used by regular people.

Woosung lowered his voice and said quietly,
But there is one more very important thing.

Jung Jinsup stared at Woosung’s eyes. Woosung was the man who created Blue S and Coconut Service. Jung Jinsup knew he couldn’t take Woosung’s ideas lightly.
Woosung continued,
I am not planning to buy this currency. I am going to create a dealership for it.


Dealership?


It’s like a stock market where people can buy and sell cryptocurrency. We will charge a transaction fee and that is how we would make money.

Jung Jinsup started to look interested. Woosung said confidently,
It will happen, mark my word. People will become interested in it, and then different types of cryptocurrencies will be created. There will be a huge need for a dealership. Don’t you agree?

Jung Jinsup nodded.
Hmm…


I am only offering it to you because I believe in your ability.


Oh, alright. Just give me some time to think about it.


You need to let me know as soon as possible. Bitcoin is at the beginning stage, but once it gains momentum, it will be too late for us.

Jung Jinsup looked at Woosung hopefully. Woosung grinned. He knew he had Jung Jinsup.
A building near Sunleung Station.
Park Jonghyun shouted as soon as he entered the office.
Why is the office so unorganized? Doesn’t anybody clean it regularly?

Five employees all turned around to stare at him.
Park Jonghyun asked,
Who is responsible for general affairs?

A cute woman raised her hand.
Park Jonghyun ordered,
Order my business cards right away. Director Park Jonghyun.


Pardon?


Have you not heard the news yet from the boss? This is my first day.


Oh…

Her eyes widened. She did remember Alex telling her.

I will be in the US for a while, so I am sending you someone in my place.

Then suddenly, someone else walked in the office.
Jung Jinsup.
He ended up accepting Woosung’s offer. Woosung told him he didn’t have to invest until things got better. Jung Jinsup was also to receive a salary.
Park Jonghyun looked at Jung Jinsup and said rudely.

Wow, look at this. Do you know what time it is?

Jung Jinsup stared back and asked,
A…are you talking to me?


Obviously, you dumb ass, and who do you think I am? I am the Representative Director of this company! Don’t you know who your boss is?

Jung Jinsup reddened.