Wu Dongxian replied:

"Yes."

"You mean, for a poorly performing subsidiary, you're going against those fast-growing companies? When was our subsidiary established?"

Wu Dongxian stopped talking.

He discovered that Park Jin Hyuk had done his homework beforehand.

"Let me answer for you. The subsidiary was established in 2011, correct?"

Only then did everyone realize that DS Telecom has been engaged in OTT business for a long time.

"But, to date, we haven't achieved any decent results, and all we've provided to our clients are outdated TV series. Am I right?"

Wu Dongxian lowered his head and said nothing.

"What do the companies we're suing now offer consumers? Are they offering the same thing as us?"

Park Jin Hyuk looked directly at Oh Dong Hyun.

".…..no the same."

Wu Dongxian said helplessly that he tried hard to appear guilty and hoped that Park Jin Hyuk would stop.

But Park Jin Hyuk didn't seem to want to stop.

"The content they provide is simply not on the same level. They're trying to gain an advantage by suppressing their competitors. This outdated mindset needs to be abandoned. DS Telecom is OK in Korea, but it's a different story when you look around the world. Please open your eyes and see what's out there."

Recently, when Park Jin Hyuk was discussing future trends with his confidants, Mao Dayong provided a piece of information that the National Center for Disease Control is formulating a plan to deal with the resurgence of Paris flu, that is, there is a possibility of another outbreak of Paris flu.

One of the industries that stands to benefit from this global pandemic is the OTT business, which provides services to consumers through the Internet.

When diseases are prevalent, people tend to go out less, which leads to explosive growth in OTT business.

DS Telecom must put more effort into OTT business.

Park Jin Hyuk and his confidants concluded that they must cooperate with those fast-growing OTT companies as soon as possible to seek common development.

"At this time, what we should do is not to suppress the other party, but to join hands with them to maximize our benefits."

Park Jin Hyuk said loudly, and he said this mainly for Zheng Yixian to hear.

"Through collaboration, we can generate more revenue than just network usage fees. First, we should restructure our membership fee system and offer discounts to attract more consumers. Second, we should immediately negotiate with overseas OTT service providers and offer them a profit-sharing partnership by providing more convenient access and faster network speeds. Please submit the relevant report to me within a week."

After saying that, Park Jin Hyuk stood up and walked out of the meeting room.

After finishing the business discussion meeting for DS Telecom, he still had to attend another meeting.

When he returned to the office, Park Jin Hyuk saw Mao Dayong, Xu Zhengwan, Xuan Yizhu and others waiting for him.

"Sorry to have kept you waiting."

"No, we just arrived too."

Behind Park Jin Hyuk followed Kim Jung Jin, the general manager of the data center project.

"General Manager Jin Zhengzhen, everyone knows him, right? He's one of ours now."

Jin Zhengzhen bowed to everyone and sat down on the chair.

"In the meeting just now, I asked them to cooperate with overseas OTT service providers."

"Your request is absolutely correct."

Then, Hong Mingzhen continued:

"If the Paris flu becomes prevalent again, people's behavior patterns will change dramatically. They will spend more time at home and with their families. Products that cater to this trend will be very popular. DS Telecom must seize this opportunity."

“Besides collaborating with OTT service providers, what else can be done?”

"It is recommended that you ask them to check their overseas networks and prepare in advance for the explosive growth in traffic."

"Team Leader Hong is right. Using a cache server to ensure network speed is crucial. Network speed is the prerequisite for ensuring high image quality. For high image quality, customers are willing to pay an extra 10,000 yuan (about 53 RMB) per month."

Park Jin Hyuk asked:

"I agree with that, Mr. Jin. Does setting up a cache server take a long time?"

Kim Jong-jin replied:

"It won't take long, because it's not a physical server. As long as the OTT service provider cooperates, a month is enough, and we can use the existing IDC (Internet Data Center)."

"Okay, Secretary Jin, call everyone from the relevant departments to my room later. I will personally promote this matter."

Then, Park Jin Hyuk said to Guo Xiji:

“How much profit can this bring us?”

"DS Telecom currently has 7 million IPTV members. If we sign an exclusive partnership with an OTT service provider, we expect to add at least 3 million new members, pushing the membership count past 10 million. This will generate an estimated quarterly revenue increase of 70 billion yuan (approximately 370 million RMB). Combined with the increased spending from existing members, we anticipate a 150 billion yuan (approximately 790 million RMB) increase in revenue per quarter."

Kim Jung-jin looked around and saw that everyone was actively putting forward targeted suggestions. After listening, Park Jin-hyuk would make corresponding judgments and decisions.

Seemingly simple and insignificant actions are actually affecting the future of the entire company.

Park Jin Hyuk began to discuss the Paris flu issue with Mao Dayong.

“Do we need to further expand the production of Bidafel?”

My dear, there is more to this chapter. Please click on the next page to continue reading. It will be even more exciting later!