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Chapter 8 - Chapter 8: Saehan Mobile Phone

Since it was a specialized customized system, Park Minho didn't have to worry about compatibility with other messy program applications.

Anyway, mobile phones in this era didn't have any programs to install, so Park Minho could optimize the system to a much greater extent.

Other small functions like calculator, phone directory, call interface, calendar, music player, etc. could be integrated into the system to make these programs respond faster.

Calculated this way, Park Minho could guarantee that the system efficiency and response speed he was about to design would surpass all peers and become the leader among copycat phones!

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Time flew by.

As Park Minho set the company's next goals, the company began falling into a state of intense activity.

Whether it was the company's management or the ground-level employees, everyone started working non-stop.

Upper management was busy guiding employees to begin the company's environmental reorganization, while employees carried out major renovations of the factory.

All kinds of newly purchased equipment racks, various slogans, reminder boards, etc. were posted in designated places, and employees also began various training programs.

The production workshop planning was also strictly implemented according to the 6S management system popular in large factories now. It could be said that Hansung Electronics Factory was undergoing amazing changes.

He believed that after more than ten days, when some old employees who had taken long vacations returned, they definitely wouldn't recognize which factory this was.

However, there had to be a price for wanting to accomplish something.

To reorganize the factory environment and systems, Park Minho directly burned nearly 50 million won in funds, which could be said to make the factory's capital chain even worse.

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Soon, when Park Minho thought he would proceed step by step until the mobile phone research and development was finally completed...

But on the second day, he received a meeting invitation from a company. The meeting invitation was surprisingly from the current leader in the domestic mobile phone industry—Saehan Mobile Phone Company!

Saehan mobile phone, the fighter among mobile phones!

Maybe this catchphrase created Saehan mobile phone, or maybe it was Saehan mobile phone that created this buzzword, but regardless, Saehan mobile phone was now the largest and most famous domestic brand in Korea.

Its market share had reached a terrifying 15%, surpassing the 14% of the famous Motorola, and had become the pride of many people.

But now the No.1 in the domestic mobile phone industry had suddenly sought him out. To be honest, it was really beyond Park Minho's expectations.

There was no choice—since the other party was No. 1 in the domestic mobile phone industry, Park Minho decided to give them some face and meet.

In front of Hansung Company's meeting room.

"Nice to meet you, I am Xu Bo, the vice president of Saehan Mobile."

A capable-looking man extended his hand to Park Minho with a smile.

"Nice to meet you too, I am Park Minho, the president of Hansung Mobile."

Park Minho shook hands with him politely, and then they went to the side reception room and sat down together.

"I see that your company's factory is being reorganized. It seems many old things have been moved out. I wonder why?"

Xu Bo slowly asked what he was most concerned about now.

The saying goes "weasels don't visit chicken coops for no reason"—Saehan Company must have come to find Park Minho for something.

Judging from what he cared about now, it might not be a good thing that Saehan mobile phone had come to his door this time.

"I officially took over the company yesterday. As they say, 'new leaders bring new policies.' We're now undergoing 6S production management transformation to improve yield rates and work efficiency."

"Oh?"

Hearing that Park Minho wanted to carry out 6S management reform on the company and improve the yield rate of the company's products, Xu Bo from Saehan Mobile Phone Company couldn't help but glance at Park Minho in surprise.

This young man was different from the chaebol heir he had imagined. In his impression, chaebol heirs were typical examples of ignorance and incompetence.

But this young man named Park Minho had actually carried out drastic reforms after taking over the company.

This kind of behavior made him pay more attention to Park Minho, a young man. He clearly felt that Park Minho was completely different from others!

"I don't know what brings Saehan Company here this time."

Park Minho was currently developing and designing a mobile phone. If the person who came this time wasn't from Saehan Company, he would never have come out to meet them. After all, time was of the essence.

Now every day of delay meant those workers and real estate developers would get a day's money for nothing, without generating any income.

So the sooner the third generation of Hansung mobile phones appeared, the sooner Park Minho could make money and get out of the bankruptcy crisis.

On the other side, seeing Park Minho bring the topic to the purpose of this visit, Xu Bo, the vice president of Saehan Company, stopped beating around the bush and asked directly:

"I heard that your company intends to sell recently. I wonder if this is true or not?"

Although he said this, he felt that maybe Park Minho wouldn't sell the company.

After all, if Park Minho really planned to sell the company, then Park Minho wouldn't spend great effort reorganizing the factory and carrying out 6S production management reform.

But having come here, he should at least state his purpose.

Now Saehan Company really wanted to acquire a small mobile phone factory in Gyeonggi Province to share the manufacturing pressure of Saehan mobile phones and reduce the overall manufacturing cost of mobile phones.

In this case, Hansung mobile phone with "good quality," "300 million won large investment," and "facing a major repayment crisis and may go bankrupt" naturally entered Saehan mobile phone's sight, so there was this scene of Saehan company coming to the door.

"I didn't expect that news of the company's sale would spread."

Park Minho didn't expect that news of a company being up for sale would get out, and it also attracted the famous Saehan mobile phone, so Park Minho asked curiously:

"I don't know how much Saehan Company is willing to pay to acquire our Hansung Technology?"

Park Minho looked curiously at Xu Bo from Saehan Company, wanting to see what the current leading company in the domestic mobile phone industry thought about Hansung Mobile Phone Company, and how much they were willing to give him.

Of course, he definitely wouldn't sell. Right now mobile phones were a blue ocean industry. This could be seen from the official explosion of copycat phones after 2005.

If there weren't considerable profits, how could those copycats spring up like mushrooms after rain?

This showed that mobile phones still had huge profit margins, enough to make many wolves drool!

After pondering for a while, Xu Bo narrowed his eyes and glanced at Park Minho, then slowly uttered a price.

"1.2 billion won!"

"1.2 billion won?!"

Park Minho felt it was ridiculous and aggrieved to be lowballed like this!

He didn't expect that the famous Saehan company would only offer a mere 1.2 billion won?

You had to know that the value of these new production line equipment that hadn't been used for more than a year and a half had reached 2 billion won!

This wasn't even counting the mature team of workers!

If you calculated carefully, the production line equipment plus a set of mature and ready-to-operate workers, and finally the Hansung mobile phone brand, all these added up to at least 4 billion won!

(End of this chapter)

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