The Peninsula chaebol started by rescuing Samsung's little princess.

Chapter 137 Mars Technology Annual Conference

"Have all the meeting materials for each department been prepared?"

It was only nine o'clock in the morning, and the entire floor of Mars Technology was bustling with activity.

Yu Chengyan, in particular, is busy confirming the annual summaries and plans for the next year with the administration department.

Anyone who has ever written this kind of material knows how problematic it is!

Although Mars Technology is a startup, as the company becomes more formalized, these things that torment its employees have inevitably been brought out.

"Secretary Yu, we're still missing one!"

The Minister of Administration quickly responded.

Although Yu Chengyan is under the jurisdiction of the Administration Department, she is a close advisor who can reach the emperor's ears, so I, an outsider, have to fawn over her.

"How come there's still one company missing? The meeting starts in an hour! Which company hasn't submitted their work yet?"

Yu Chengyan frowned.

These past two days, she's been incredibly busy coordinating meetings between various departments, to the point that she even had to stop updating her novel. She was so anxious that bubbles were forming on her lips, and yet someone still managed to let her down.

"It's from the finance department; they want to include last night's data as well!"

"The president is well aware of their situation, so what's the point of adding to it?"

"Isn't it because all the departments are doing so well? If they don't step up their efforts, won't they fall behind?"

As the two were talking, a female clerk from the finance department quickly ran over, carrying a stack of documents.

"The ingredients are ready!"

"Print it out quickly and bring it to the conference room!"

Yu Chengyan gave a brief instruction and then walked into the conference room first. There, she saw several employees from the administration department placing nameplates on each seat at the conference table.

Unlike last year's meeting, only a few departments from Mars Technology participated.

After a year of development, Mars Technology has grown into the second largest internet company on the peninsula, with 12 departments and more than 200 employees.

In addition to the company's own department heads, the meeting was also attended by the president of Mercury Investment, representing the major shareholder, as well as the presidents of subsidiary game companies SmileGate and Neople, among others.

Nearly 20 people were crammed into this conference room, which included almost all of Mars Technology's top executives.

After confirming that everything was in order, Yu Chengyan waited in the conference room for the meeting to begin.

Starting at 9:40 a.m., heads of various departments entered the conference room one after another.

"Good morning, Minister Kong!"

"Good morning, Minister Park!"

At first, everyone was at peace, but as Park Jung-hyuk, the head of the marketing department, and Kong Chan-woo, the head of the technology department, walked in, the atmosphere in the conference room instantly became tense.

Both of them were among the first to join Mars Technology and are also the most senior ministers.

Although the two didn't get along to begin with, they could at least maintain a facade of civility.

However, a recent rumor has undoubtedly added fuel to the fire of their already tense relationship.

The president plans to promote someone to vice president to cope with the increasing workload.

Of course, this makes sense, as Li Haorong now owns more than just Mars Technology.

He also owns Venus Entertainment, Mercury Investment, and Factory No. 9, making a total of four companies.

The other three companies have all found suitable presidents to lead them, but Mars Technology has always been personally managed by him.

Electing a vice president now will help him handle some daily chores, allowing him to focus his attention on the company's future development. This is obviously a good thing for both him and the company!

And those closest to the position of vice president are naturally these two veteran department heads.

"Hey, Minister Kong looks great today. Looks like you didn't stay up late?"

"Thanks to you, you haven't given me any trouble lately!"

Although everyone present knew that the two did not get along, the tense atmosphere still made the other ministers not dare to breathe.

"Everyone's doing this for work. Is Minister Kong saying it's because there's too much work?"

"I've worked countless overtime hours, but I've never complained about my job. I just wish there were fewer meaningless tasks!"

"So what if you work a lot of overtime? Problems still arise!"

"you----"

Kong Canyu was not as eloquent as Park Jung-hyuk, and when he heard the other party mocking him for the problems with Mars Payment a few days ago, his face immediately turned red.

"Wow, it's quite lively here!"

Just then, Jeon Jun-wook, the head of the game department, walked in.

Among the twelve department heads, Jeon Jun-wook is not the most senior, but he has a very good relationship with the chairman and is considered a strong contender for the vice president position.

However, he once said at a colleague's gathering that he did not want to be the vice president.

"All of them are long!"

"All of them are long!"

With Jeon Jun-wook entering, the tension between the two noticeably subsided.

Both men wanted to win over Jeon Jun-wook, but Jeon Jun-wook remained impartial and never indicated his support for either of them.

"It's not 10 o'clock yet, right? Thank goodness I'm not late!"

Jeon Jun-wook nodded to the two of them, then plopped down in his seat.

However, not long after he sat down, Li Haorong walked in.

At this, everyone in the conference room stood up.

Although Li Haorong repeatedly stated that Mars Technology does not have the red tape of other companies on the peninsula, it is still inevitable to adapt to local customs.

Moreover, everyone's respect for Li Haorong is genuine.

Despite being the youngest in the entire conference room, Li Haorong's abilities are evident to all.

It can be said that everyone present admired him.

"Alright, everyone, please sit down!"

Li Haorong sat down in the front seat and then gestured to the others, who then took their seats.

Sitting on either side of him were the company's two major shareholders: Song Ji-hyung, president of Mercury Investment, and Lee Yoon-hyung.

Rumors are circulating that starting this year, Li Yinxin will no longer be in charge of the finance department.

Of course, in reality, she didn't really manage it at all; the work was always handled by the deputy director of the finance department.

But given her unique position in the company, everyone had to address her respectfully as "Representative Li."

Seeing everyone seated, Li Haorong nodded to the scribe beside him—Chairman's Assistant Yu Chengyan, who immediately stepped forward and said, "The meeting officially begins. First, each department will present its business analysis report for last year!"

Mars Technology's twelve departments can be broadly divided into business departments and non-business departments.

These include: Administration, Finance, Legal, Technology, Public Relations, Engineering, and Security, which are non-business departments and mainly serve to ensure the company's internal operations.

As for the business departments, they are: Marketing Department, Community Department, Games Department, Entertainment Department, and Finance Department.

And listening to the business analysis report is mainly about these five departments, since the other departments don't even have any business, so what's the point of listening to them?

"Mars.net currently has over 1700 million users, accounting for more than 50% of the population aged 12 to 60 on the peninsula!"

""

In 2007, the population aged 12 to 60 in the peninsula accounted for 65% of the total population, making them arguably the most affluent group.

The popularity of MarsNet has exceeded half of this group of people, indicating that MarsNet has become a national-level website on the peninsula.

"In addition, MarsNet's overseas user base has exceeded 500 million!"

Neon ranks first with over 100 million users;

Huaxia Treasure Island ranks second with 60 users;

Thailand ranks third with 40 users.

To Li Haorong's surprise, Mars.net had already gained some popularity overseas even before its overseas promotion had started.

Of course, this is mainly due to the rapid development of the Korean Wave in Asia.

The years leading up to the turn of the millennium coincided with the massive influx of Korean pop culture into Asia. This included not only idols like TVXQ, but also Korean dramas such as "Dae Jang Geum," "Autumn in My Heart," and "Winter Sonata," as well as films like "My Sassy Girl," all of which exerted their respective influence.

Mars.net also caught this wave.

With the influx of actors, singers, and idols from the Korean Peninsula, overseas K-pop fans have flocked to MarsNet to get firsthand information about their idols.

Take Japanese users for example, the one who contributed the most fans to Mars.net is not even TVXQ, but Bae Yong-joon.

She's practically a killer for Japanese housewives!

After listening to the report from the social department, Li Haorong made up his mind that starting this year, Mars.net will officially launch its overseas plan.

Facebook is currently making great strides in the US market but has not yet entered the East Asian market, which presents a perfect opportunity for MarsNet!

"Dungeon & Fighter currently earns 30 billion Korean won in the Korean Peninsula market; its revenue in China in the fourth quarter of 06 was 200 billion Korean won; its revenue in Japan is..."

"CrossFire has generated 12 billion Korean won in revenue since its launch on the Korean Peninsula and has reached an agency agreement with Tencent, tentatively set at 1000 million US dollars plus 35% of the revenue."

With the huge success of "Dungeon Fighter Online" in China, Tencent is eager to acquire the rights to "CrossFire".

Although the revenue share couldn't be increased, Tencent doubled the fees.

There's no way around it, the competition is just too intense.

Zhu Jun from 9City has been calling Li Haorong non-stop, eager to buy the distribution rights for "CrossFire" immediately.

There's no way around it; losing three social games and "Dungeon & Fighter" in a row has allowed Tencent to make a fortune, and Zhu Jun is green with envy!

Therefore, Tencent spares no expense to deter other competitors!

"Mars Music currently holds a 35% share of the Peninsula music market, and its music sales exceeded 06 billion in the fourth quarter of 1000."

Mars Video holds a 55% market share on the peninsula, with revenue exceeding 100 billion.

In addition, the Arts and Entertainment Department will establish Mars Literature Network this year, focusing on novels and comics —

Despite SK's concesion, the competition among music platforms such as Mars Music and MeIOn remains fierce.

Therefore, despite the large sums of money involved in music streaming, most of it is ceded to entertainment companies, and it's still in the stage of burning money to gain market share!

As for Mars Literature Network, it mainly operates as a paid platform, aiming to cultivate a large number of online writers and comic artists.

"As of yesterday, the Ministry of Finance has recorded over 100 billion won in transactions in exactly seven days!"

During the Spring Festival, we will promote the red envelope campaign and continue to promote Mars Pay —

Since the financial department has just been established, this amount of trading is still small-scale, and there are very few applicable scenarios.

Once Mars Mall is established, increasing transaction volume tenfold or a hundredfold will be a piece of cake!

Listening to the reports from various departments, Li Haorong was filled with pride.

In just one year, Mars Technology has already extended its reach to multiple industries such as social networks, games, entertainment, and finance, and this is just the beginning.

With its cash cow in hand and a steady stream of funding, Mars Technology will continue to expand into more industries over the next two years.

It is foreseeable that an internet behemoth has been born on the peninsula. Not content with swallowing the peninsula, it has already cast its light on the whole of East Asia.