Chapter 403 Industry Associations

Chapter 403 Industry Associations
An Rushong likes making friends. In his opinion, making a friend with a person of certain status and background is much better than making him an enemy. In this world, as long as a person has one more friend, he will naturally have one less enemy.

People like Yin Zhen are obviously more suitable to be friends, because this guy has some background and status.

But then again, no matter what time it is, An Rushong is the kind of person who will never use his warm face to please others, especially with his current status and position, he is even more disdainful to do such a thing.

Before, he wanted to make friends with Yin Zhen entirely because of the other party's identity and background, but now, this guy obviously looks down on him, so the other party's identity and background are worthless in his eyes.

Indeed, Yoon Jung's identity is extraordinary. He is the son-in-law of LG's current head, Chairman Gu. According to rumors, Chairman Gu, who no longer has a biological son, is likely to hand over the power of LG to his daughter, Gu Yanjing, in a hundred years. In this way, Yoon Jung will naturally be the one who is above everyone else in the LG Group in the future.

Why is Yin Zhen so arrogant and proud? Not only does he dare to openly tease Quan Zhihui, but he also doesn't take An Rusong seriously at all. Isn't what he relies on the rumor that is circulating outside?
But as a time traveler, An Rusong knew very well that all the rumors about the future helmsman of LG were groundless and without any basis. If the direction of this world did not change fundamentally, it would not be long before Gu Guangmou, who was adopted by Chairman Gu, would officially enter LG Group according to Chairman Gu's order.

Yes, Gu Kwang-moo, the adopted son of Chairman Gu, is not in South Korea at the moment, but working in Silicon Valley in the United States. This is also the main basis for people to speculate that Chairman Gu will hand over LG to his daughter.

But in the world of An Rushong's previous life, Gu Guangmou would soon join the LG Group and, as a senior manager, be fully responsible for LG's white goods business in North America. In a few years, he would be promoted directly from the position of senior manager to the group's executive director.

In the eyes of the world, Chairman Gu should be a person who attaches great importance to the inheritance of his own power, but in fact, this old guy values ​​the bloodline inheritance of the Gu family more. He will not hand over the LG Group to his daughter and eventually cause the group to fall into the hands of outsiders.

With such foresight, how important could Yin Zhen be in An Rushong's heart?
Quan Zhihui naturally noticed An Rushong's actions. In her opinion, An Rushong's shaking head and smiling were just to cover up his embarrassment. In order to prevent the president of NGN company from getting angry, she took out a very thick file bag from under the bar and gently placed it on the table.

"Since Representative Yin is so anxious, let's talk about business first," smiling softly at An Rushong, Quan Zhihui opened the seal of the file bag and took out a thick stack of documents from it.

The document should be in duplicate. She handed one to Yin Zhen and pushed the other to An Rusong. Then she continued, "This is a draft plan for the establishment of an Internet industry association that was put forward after discussions between the Ministry of Science, Technology, Information and Communications and the Internet Promotion Agency. You two can take a look at it first."

Yin Zhen curled his lips, reached out to take the document in front of him, flipped through it, and said disdainfully: "I think Hong Qihuan is just getting old and confused. What is there to discuss about this matter? Why does this so-called Internet Industry Association need so many irrelevant people to join? There are SK, KT, and our LG. No, there is no need for KT. Just SK and our LG are enough."

As he said this, he flipped through the papers in his hands, making a loud and rustling sound, as if he was expressing his dissatisfaction in this way.

The "SK" mentioned by this guy is naturally referring to SK Telecom, which is a subsidiary of SK Group, also known as Sunkyung Group. Currently, it is also the largest mobile communications operator in South Korea, with a market share of more than 50% in South Korea.

KT refers to Korea Telecom, which is currently the second largest mobile communications operator in South Korea in terms of market share. It has been developing rapidly in the past two years and is challenging SK Telecom.

In fact, from the root, SK and KT are actually one company, which is also the most direct reason why Yoon Jung said that there is no need for KT.

Sitting aside, An Rushong looked at the documents in his hand calmly, and he was dismissive of Yin Zhen's nonsense.

Before meeting Yin Zhen, An Rusong thought that the rumors might be true. Maybe LG Chairman Gu really planned to hand over the entire LG Group to his daughter Gu Yanjing after a hundred years. But now looking at this second-generation rich man next to him, he knows how unreliable such rumors are.

In the final analysis, if Chairman Gu really wanted to hand over the family business to Gu Yanjing, he would never have agreed to the marriage between Gu Yanjing and Yin Zhen. If there was no other reason, it was because Yin Zhen was a complete idiot, and his intelligence was inversely proportional to his appearance. If Chairman Gu really chose Gu Yanjing as the heir, how could he find such a burden for his daughter?
Of course, another possibility cannot be ruled out, that is, Chairman Gu's purpose of finding a stupid husband for his daughter is to prevent the son-in-law from usurping his daughter's power one day in the future. Look at how stupid this Representative Yoon is? He not only looks down on Internet companies like NGN, but even KT Group. Oh, not only that, he even looks down on the Ministry of Science, Technology, and ICT. In his eyes, Hong Qihuan, the Minister of Science, Technology, and ICT, has become an old fool.

An Rushong had no interest in even looking at this person who was so arrogant that he had forgotten his own last name. He automatically blocked him out and focused all his attention on the document in front of him.

The document is very thick and covers a lot of content, but the main part is about the rules and framework after the establishment of the Internet Industry Association. These things are used to restrict certain people, and An Rushong doesn't care.

He spent four or five minutes jumping through the entire document and roughly understood the Blue House's thinking - yes, although this document was issued by the Ministry of Science and ICT and the Internet & Communications Agency, it reflects the will of the Blue House.

The document means that this so-called Internet industry association should be composed of two parts of members: one part is Internet service providers, namely the three mobile communication operators including SK Telecom, KT and LG, and the other part is Internet content providers, including Internet companies such as NGN, NCsoft and NAVER.

The Blue House hopes to use the establishment of this Internet industry association to establish a consultation mechanism between Internet service providers and Internet content providers to promote the further development of South Korea's Internet industry.

At the same time, in order to achieve the goal of promoting the development of the Internet industry, the Blue House is promoting the specific implementation of the draft "IT Korea Future Strategy". After a vote by the National Assembly, an industry support policy with a total amount of 15 trillion won has been passed. Relevant support plans will be implemented in succession after the establishment of the Internet Industry Association.

15 trillion won, converted into US dollars at the current exchange rate, is equivalent to 10 billion US dollars. With such a large sum of money, naturally all parties want to get more.

However, in An Rushong's opinion, considering the strong position of the three major operators, a large part of the $10 will probably be taken away by them, and the remaining small part will be divided up by Internet service providers like NGN.

An Rusong is not sure how much of the pie his NGN can take, but what is certain is that, apart from the three major service providers, NGN should be able to get the largest share among the content providers.

The reason why An Rushong thought so was not because he was overconfident, but because his consideration was well-founded.

At present, there are very few Internet companies in South Korea that are truly powerful enough. Before the emergence of NGN, the first one was NAVER, a search engine company similar to Baidu in China. Of course, it also has a portal website with good traffic.

However, NAVER has not yet expanded its business at this year. It is still in the stage of burning money. Its users are also concentrated in South Korea, and its development prospects are not very bright.

NCsoft is an Internet game company. Like several existing game companies in South Korea, although it may make a lot of profits, its influence on the social level is pitifully small. In fact, because children are addicted to games, these game companies are generally criticized by public opinion.

In comparison, NGN is different. Although it was born not long ago, its development momentum is very rapid. Compared with NAVER, it has two major advantages: First, NGN users have jumped out of the restrictions of South Korea and are moving from an instant messaging software based in South Korea to a global one. Second, NGN software has a larger user base. With An Rusong's layout of the software's news and public opinion functions, the public opinion influence that the software itself can create is much greater than that of NAVER.

Based on these characteristics, even if An Rusong and Li Minbo do not have a very close relationship, this kind of industrial support policy should give priority to NGN companies.

"Haha, what? An Internet industry association is going to set up a Senate and House model?" Just as An Rusong was looking down at the document, Yin Zhen next to him sneered and said, "Moreover, these guys who run websites have the power to vote against the resolutions we make?"

(End of this chapter)