The famous Hi-Tech pen..Kim Jin-pyo-ga (CEO)CEO "4 billion won deficit..." [Star Issue]

*This content was translated by AI.View Original

Singer Kim Jin-pyo shared updates on his new role as CEO after taking over his maternal grandfather's business.

Kim Jin-pyo appeared in a video titled "Kim Jin-pyo, Do You Still Make Music These Days?" released on the 8th via the Defcon YouTube channel.

When meeting Defcon, Kim Jin-pyo introduced himself as the CEO of a company that manufactures writing instruments. Defcon stated, "He inherited it from his maternal grandfather and runs it with great diligence."

Regarding his maternal grandfather and founder, Go Heung-myung Jeon (Chairman), Kim Jin-pyo said, "He was extremely authoritarian. By the time dinner with him came around, I was already unable to digest anything." He added, "Since the company has been in operation for over 70 years, there is a lot left behind."

The company was famous for its "Hi-Tech" series pens. Kim Jin-pyo explained, "Most people are mistaken; they think most of them were imported from Japan, but almost everything was produced in South Korea." He also revealed, "From 2006 for 15 consecutive years, the company ran a deficit, yet it still allowed us to generate capital."

Regarding his 10-year career as a racing director before taking on the Kim Jin-pyo-neun (CEO) CEO role, Kim Jin-pyo said, "If I hadn't had a racing career, I wouldn't have dared to take over the business." He continued, "In the case of Korean Pilot, it wasn't attractive. It was in a state of complete capital erosion. My mother wanted to protect the company. Feeling a bit of pity, I asked, 'I'm not sure if I can help, but shall I try?' and she immediately accepted."

Kim Jin-pyo stated, "From 2012 until my grandfather passed away in 2016, the company ran a deficit of 3 to 4 billion won annually." He added, "After he passed, I began negotiations with Japan. Regardless, we wanted to resume trade, so I sent an email. Negotiations started in 2016, and the contract was signed in December 2019. We re-entered the market in 2020."

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*This content was translated by AI.View Original