Chapter 468 Giving the Li Family a Lesson



Lee Boo-jin nodded: "Yes, Father."

"Mr. Shen, right now, everyone in the investment, capital, and economic development circles around the world is saying the same thing: the internet will be the future of the world. What do you think about this? Can you talk to this old man about it?"

Shen Fang smiled: "Of course, what aspects would you like to hear about?"

Lee Kun-hee smiled and said, "Tell me about it. I also have some understanding of the internet, but of course, there is a gap between my understanding and that of a young person like you who has achieved so much in the internet industry."

"Uncle, let me share my humble opinion."

"First of all, I want to mention a very important point, which is also the foundation of our company, Tencent. The Internet has brought the world closer together. Before the Internet, the world's basic communication was based on mobile communication such as cell phones and telephones. However, this type of communication was very expensive, especially transoceanic calls. A few minutes of communication could cost 10 US dollars. But after the Internet came out, it was completely free. We can achieve very fast, real-time and effective communication directly. This is not only convenient for people, but also greatly improves work efficiency."

"Then there's the issue of information, specifically how people obtain information about events. Previously, everyone learned about information through print media and television reports. Much of this information was delayed; by the time the public knew, it was already a long time ago. This created an information cocoon, where those at the top have access to the source of all information, quickly and easily, and can also cut off information at its source. Like the black files of the South Korean prosecutors, they only let the lower classes know what they want from the people. With the widespread adoption of the internet, this information cocoon will be broken, and the lower classes will no longer be deaf and blind as before."

Lee Kun-hee nodded: "This does sound very convenient for the people, but it will cause huge losses to the top rentiers."

"There are losses, but everything has two sides. Although the original cocoons have disappeared, new cocoons created by the internet will exist, and these cocoons will be more robust than the previous ones. This is because when people know the vastness of the world, they will develop a strong cognitive psychology. In their minds, what they know is the truth of things. However, the creators of these messages can control and fabricate them."

That's how society is now. Everyone thinks they know the truth, the real facts. Of course, the truth is just what people fill in the blanks with their own imaginations based on online information. If someone tries to refute it, they'll just dismiss it with a single sentence: conspiracy theory.

Lee Kun-hee nodded: "Everything is based on the same principle. As long as we take control of the source of information and become the source of information, we can continue to weave beautiful dreams for the people. Very good."

"Therefore, the source of internet information will become the throat of the world. It will be a blue ocean industry in the internet sector. Once it is successful, the fame, fortune, power and influence it will bring will be unimaginable."

"This is just a change in how the internet changes information access. The internet will closely follow people's lifestyles and bring about epoch-making changes in all aspects, from clothing, food, housing, transportation, work methods, consumption methods, entertainment methods, and so on. Wherever there is demand, the internet will enter."

"Shen Fangxi, how has the internet changed Samsung?"

Shen Fang smiled and asked, "Samsung only launched its first laptop this year, the Samsung P30. How is user satisfaction? How are the sales?"

Lee Kun-hee smiled: "User feedback is fairly good, but compared to giants like Microsoft, Compaq, Dell, HP, IBM, Vickers, Fujifilm, and Apple, it still lags behind considerably. However, I am confident that Samsung will have no rivals in the Korean domestic market!!!"

"Of course I believe that, but President Lee, Samsung's future lies not in Samsung computers, but in Samsung mobile phones. The price of Samsung computers is not affordable for everyone. Even considering the average South Korean's salary level, they are not necessities at this stage. Moreover, computers are a high-tech product for the general public, and for middle-aged and elderly people, this thing is too bizarre and too far away. But mobile phones are necessities that everyone needs. When smartphones become widespread, it will be a crucial stage for Samsung's rapid development."

"Smartphone?"

Shen Fang nodded: "Actually, smartphones have existed for a long time. The first smartphone was born in 1993. The first smartphone was the IBM Simon, which was the world's first smartphone to use a touchscreen. It was manufactured by IBM in cooperation with BellSouth. It laid the foundation for future smartphone processors and was of milestone significance."

Smartphones must have the ability to access the Internet wirelessly: that is, they need to support GPRS under GSM network or CDMA1X or 3G (WCDMA, CDMA-2000, TD-CDMA) networks under CDMA network, or even 4G (HSPA+, FDD-LTE, TDD-LTE).

It has PDA functions, including PIM (Personal Information Management), calendar, task scheduling, multimedia applications, and web browsing.

An open operating system: It has its own dedicated processor (CPU) and memory, allowing for the installation of more applications and virtually expanding the functionality of the smartphone.

"Smartphones will become miniature computers. With the development of the times, smartphones will become ubiquitous worldwide. Through the software on your phone, you can complete your daily work, enjoy entertainment, and conduct online shopping, transactions, financial transactions, and currency transactions..."

What Shen Fang is saying now, let alone Lee Kun-hee and his team, even Steve Jobs and Lei Jun would think Shen Fang is amazing. Isn't what you're saying exactly what we want to achieve?!

Although Lee Kun-hee and his team found many of Shen Fang's points incomprehensible and confusing, the internet, instant messaging, and Amazon had already emerged, so how far away could this be?

The 21st century is the period of the most rapid technological development in the world. During this time, anything incredible can happen, and people will find it reasonable.

Just like people in China before 2000, would you have imagined that technology would have developed to this extent in 2023? Looking back, you'd find it unbelievable. But you wouldn't be shocked; you'd only feel that the world's technological development is incredibly fast.

"You mean to say that when smartphones become widespread, that will be the peak of Samsung Group's success?"

Shen Fang nodded.

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