New Employees With an Annual Salary of 1 Trillion Won - Chapter 63
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This chapter was translated by Lunox Team. To support us and help keep this series going, visit our website: LunoxScans.com
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Chapter 63. Expansion (3)
Usually, moving a family of four required a 5-ton truck.
But our family’s moving load couldn’t even fill a 1-ton truck.
We left most of our belongings at the old house.
“Are you sure we can really just bring ourselves? It feels strange to move without even seeing the house first.”
“All the home appliances and daily necessities are already there. Everything’s brand new.”
“Still, I wanted to bring the washing machine you bought for us this time.”
“We can bring things over one by one if we need them after living there.”
The move proceeded like a secret operation.
The family members had never seen the house we were moving to, and I handled everything from organizing to moving by myself.
I had my reasons for doing this.
“We’re almost there now.”
“….”
“Older Brother? Is it really here?”
“Son, isn’t this where chairmen live? I think the chairman from my old company lived around here.”
“I heard a lot of celebrities live here too? Is it really here? It’s not like a semi-basement, right?”
The family members were already pouring out words before we even arrived at the house.
How could I have told them in advance? They won’t be able to say anything else once we start moving the luggage.
“Unit 301 is our home.”
“Ooh, you enter a password to open the door? I’ve never seen anything like this!”
“The password is Hae-seong’s birthday.”
The family members were making a fuss just looking at the door lock.
But when I opened the door, sudden silence fell.
“…This is really our home?”
“Son, is it okay for us to live in a place like this?”
“I did well at work, so this house came as a welfare benefit. You don’t need to feel burdened at all. And if I work for just 10 more years, the ownership of the house will transfer to my name.”
If I said it was rental housing provided by the company, it would feel awkward and uncomfortable.
So I plausibly added the setting of ‘my house after 10 years.’
“If you really work for just 10 years, this becomes our house? If you write a resignation letter, I’ll chase you around with a bat!”
“Hey, put down that club and let’s talk. And hurry up and unpack first.”
“Wow! This is my room? It’s even bigger than the master bedroom in our old house!”
My younger brother was so happy about finally having his own room that he looked like he could fly.
My parents didn’t show it outwardly, but they stood quietly in front of the master bedroom, looking at each other and smiling.
“And there’s one more thing I need to tell you. I’ve arranged to lease a store on the first floor of a building owned by the fund. The space is small, but it’s in the best location in Yeouido and the monthly rent isn’t much different from the chicken restaurant you used to run.”
“I don’t know if we should accept this much.”
“You should definitely take all the welfare benefits the company provides for free. Oh! But there are business restrictions. You’ll have to run a coffee business in the new store. The company will help with operations, and you just need to take a few weeks of training.”
Even though I had created the one-touch coffee extraction machine,
running a store still required basic knowledge about coffee.
So I had also arranged for a coffee expert to provide private tutoring for my parents.
“A coffee store… It’s not going to be decorated like a cafe, right?”
“It’ll focus on takeout orders. There aren’t many menu items, and the system is simple, so you’ll be able to learn it quickly. Mother should come along too.”
“I made a lot of coffee when I worked at the company. But if I’m going to learn, I should learn properly. Honey, should we visit some famous cafes starting this week? Let’s go to the bookstore first. I need to buy some related books.”
Do I take after my father?
The way he planned everything from start to finish looked just like me.
***
Rollbook’s user count was still increasing steeply.
Especially thanks to the recently launched internet radio and digital music file download services, the upward trend was even more pronounced.
“The number of digital music file download users has already exceeded 5,000.”
“Thanks to distributing many free coupons, the initial influx was successful. Now what’s important is the paid conversion rate.”
“Anyone who has downloaded even once will keep using it. The Rollbook Player that the CEO created has such excellent performance.”
The Rollbook Player was on a different level from existing MP3 clients.
Unlike the existing programs that were complicated and unfriendly.
It was the only player that was user-friendly and organically connected streaming and downloads.
“This is the only player where you can continue listening to music you were streaming directly on your MP3.”
“There’s the hassle of having to connect the MP3 to your PC, but since you can connect it while charging, it’s not really inconvenient. File organization can be done directly on the player, so once someone tries it, they can’t go back to other players.”
“How’s the situation with internet radio?”
Internet radio had now expanded to nationwide service.
We were collaborating with broadcasting clubs from major universities to provide daily live broadcasts and replay services.
“Users are growing rapidly. Replay counts are also exploding, and the scale of donations keeps getting bigger.”
“Are donations coming in a lot?”
“Depending on the broadcast, it varies, but at minimum, several million won explodes per broadcast. Since the Broadcasting Club takes 60-70% of the sponsorship money, the Production Team is desperately trying to create good broadcasts. Honestly, there are many broadcasts with higher quality than terrestrial broadcasting stations.”
As expected, virtuous cycle structures start with money.
When profits are guaranteed, Content Creators naturally strive to produce better results.
“How about adding a download function to radio as well? There must be people who want to listen to recorded files rather than live broadcasts.”
“What about pricing?”
“Let each Broadcasting Club set that autonomously. They can release it for free, or charge even 500 won like digital music files. For paid content, revenue distribution would be the same as sponsorship money.”
Right now, expanding the user base was the top priority.
Live broadcasts alone had poor accessibility, and streaming was limited since it could only be heard on PC.
But if downloads became possible, you could listen anywhere with just an MP3, making it possible to secure far more users.
“Extracting replay files as digital music files can be done quickly. We could start today.”
“Then let’s do that. And let’s also make the sponsor list public. People who spend money should feel recognized to make it worth spending.”
“You mean a sponsorship ranking system? That’s completely great. I’ll make it like how terrestrial broadcasting stations reveal donation rankings.”
The ranking system was the ultimate stimulant.
Words of gratitude from the Broadcasting Club level were nice, but human hearts ultimately move through competition.
Once sponsorship rankings appeared, both the way people listened to broadcasts and the way they spent money would inevitably change.
“Please also work on applying all the services we’re implementing now to the United States Rollbook as well.”
“We’re already in constant communication with the United States Rollbook developers. They must keep the Korea Rollbook Site open and watch it daily, because every time there’s an update, they contact us asking to apply the same thing to their site.”
“The United States Rollbook user count has now far surpassed Korea.”
As expected, population differences couldn’t be ignored.
Not only that, but beyond simple national differences, there was also the barrier between English-speaking countries and non-English speaking countries.
Even in Canada and parts of Europe where official service hadn’t even started, English version Rollbook users were steadily increasing.
“Isn’t Google’s influence probably significant? The number of users flowing in through Google is increasing exponentially.”
“Soon Google’s search engine will officially open in Korea too, so when that happens, Korea Rollbook users will also increase explosively.”
“Google really is the best search engine. You still have to search in English, but the way it pinpoints and shows you exactly the information you want is truly amazing.”
For employees who majored in computer science, search engines were essential tools.
Having experience finding materials through daily internet surfing from university days until now, they felt Google’s search engine strengths even more keenly.
“Tiger Fund decided to handle Korea’s Google service, and it will be closely linked with Rollbook. When it officially opens, the work we need to handle will increase accordingly.”
“There’s a research lab junior graduating from Cosmos – should I bring him over?”
“That would be great. Hire more people whenever we’re short on manpower.”
“We can’t just hire anyone, unless it’s a verified person like a research lab junior.”
As Rollbook grew, we naturally had to increase manpower as well.
Since it was an organization formed by research lab colleagues from the beginning, there was still wariness toward outsiders.
“If this continues, you’ll really get sick. Next quarter, let’s hold public recruitment to hire employees properly.”
“We’ll follow the CEO’s decision on that.”
“I’ll report everything we just discussed to the General Manager. Keep up the hard work.”
“You work harder than us, CEO. You handle everything from development to reporting.”
Knowing each other’s hardships, they showed consideration for one another.
They might be refusing new employees because they didn’t want to disturb this atmosphere.
Actually, it wasn’t really my place to say anything about it.
I was also making constant efforts to maintain Nexpin’s current environment.
While I was urging new employee recruitment at Rollbook since I was the CEO there, in Nexpin’s case, perhaps because I was just an ordinary employee, I didn’t want change.
I wrote the report while having these various thoughts.
While I was working on the report for quite some time like that.
A thought occurred to me, and I looked at the employees and raised my voice.
“By the way, what should we call the Internet Radio Download Service? I’m trying to put it in the report, but the term is too long.”
“Since it’s an internet broadcast, how about Rollcast? Meaning Rollbook’s exclusive broadcast.”
“Rollcast. That’s good.”
Just hearing the word made Rollcast’s gears spin rapidly.
I became convinced that the Internet Radio Download Service would definitely be a successful service.
***
Today’s English lessons and reporting time continued as usual.
The General Manager, who had been reading the report I prepared in advance, showed a gentle smile.
“Rollbook is moving in a very good direction. And we should hire new employees now. Actually, it’s a bit late.”
“I think the employees have accepted working overtime too naturally. I felt we should reduce the overload even now.”
“Proper work distribution is also a manager’s responsibility.”
After finishing reading the report, the General Manager naturally changed the topic.
“These days, thanks to Rollbook, the PG Company (Payment Service Provider) revenue is increasing quite a lot.”
“It’s still not enough. I’ll attach more services to raise PG revenue to the nation’s top level.”
“But there are limits with the current structure. So I’m thinking about acquiring a card company.”
“You mean acquiring a credit card company?”
Honestly, I had never even imagined acquiring a card company.
Card companies were generally considered to be owned only by banks or major conglomerates.
But it wasn’t bad.
PG companies and credit card companies were companies with similar gear structures.
They could create synergy effects, and it was just right for expanding scale.
“What do you think?”
“If we have a card company, we can create direct payment services that we can’t do with just a PG company now, and we can secure customer data much more precisely.”
“That’s a positive opinion.”
“If the price is right, I’d like us to acquire it.”
“It’s a bit expensive though. From what I’ve looked into, the acquisition price is roughly around 30 billion won.”
It’s not as expensive as I thought?
That was the first thought that came to mind.
Perhaps due to my experience of handling tens of billions of dollars through short selling investments, my sense of money had become somewhat dulled.
A detox process was needed.
Like rinsing a mouth that had eaten candy with water.
Forgetting all the existing profits, I decided to compare it with the equity value of other companies that could be acquired for 30 billion won.
“If we invest 30 billion won in promising companies, we could get higher returns in terms of profitability.”
“So you’re against acquiring the card company?”
“Not necessarily. If we acquire the card company, it can grow together with the PG company, and we can integrate the simple payment system more precisely, so there’s no reason to oppose it.”
A gear structure naturally came to mind.
Rollbook, PG company, card company. A large structure where these three mesh together precisely.
There were some risky sections in the middle, but from a long-term perspective, it was a picture that absolutely couldn’t result in losses.
It wasn’t bad compared to equity shares of other companies either.
Of course, if we’re thinking about short-term returns, investing elsewhere would be right.
But from a long-term perspective, acquiring the credit card company could become a solid cash cow.
“So the conclusion is that it’s good?”
“In the short term, there’s a possibility of losses. But in the long term, it will become a very powerful cash cow.”
“Just looking at the acquisition cost, it would take at least 10 years to recover 30 billion won through card company profits alone.”
Honestly, I couldn’t be certain about short-term profits.
Because I hadn’t grasped the internal information yet.
But the long-term profit structure was clearly drawn out.
If a card company was added to the various services linked with Rollbook, that synergy would definitely exceed imagination.
But why is the General Manager suddenly showing interest in a card company?
It was a completely different direction from the existing investment method of finding promising companies to invest in.
“Is there perhaps another reason you want to acquire it?”
“Hmm… I wasn’t going to mention this, but I guess I have to. The card company we’re targeting for acquisition is currently owned by Hanseo Bank. And right now, Cali Fund is aiming to acquire Hanseo Bank.”
Cali Fund?
Just hearing the name made unpleasant feelings surge up.
“Then naturally, we should move first. If we can just acquire the card company, I’ll find a way to boost the card company’s sales somehow and make sure we can recover the acquisition costs in the shortest time possible!”
“As expected, Employee Lee thinks the same as me.”
The nightmare from the short selling days still remained like an afterimage.
And the main culprit of that nightmare was Oh Chang-jin, the representative of Cali Fund.
Looking at just the conclusion, it was our overwhelming victory, but because we had to go through a difficult process due to Cali Fund, the resentment hadn’t disappeared yet.
Annual Salary 1 Trillion New Employee Chapter 63
E-book Publication Date | 2025.11.27
Author | Seo Oh
Publishers | Heo Heung-beom, Park Geon-won
Publishing House | Poten
Address | [04783] 10th Floor, 8 Yeonmujang 11-gil, Seongdong-gu, Seoul
Phone | 02-6320-8500
Fax | 02-6320-8585
ISBN | 9791175305892
Price | 100 won
ⓒ Seo Oh 2025
This e-book is a copyrighted work protected by copyright law.
This e-book is published under the author’s contract, so unauthorized reproduction, copying, distribution, and sharing are prohibited without written consent from both parties.
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This chapter was translated by Lunox Team. To support us and help keep this series going, visit our website: LunoxScans.com
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