In 2015, I will take over Google.
I have checked the statistics of last year,
Social enterprises and social ventures that are established and being operated,
and it says that the average annual sales are only 120 million won.
This means that these companies can't make money on their own.
If a company can't make money on its own, then it can't be a company.
I really hate my company being seen as a company like that.
Isn't it boring to do just only one thing all your life?
Or if I was to belong to just one company,
I think I would feel a bit used up.
ZER01NE
The Next
Open Innovation
Platform
ZER01NE
WHO R U?
Transformation of a Company 
(Transformation: The original form changes and becomes different)
Hello.
I am the representative of Wizgene Corporation.
What I'm doing now is developing a self-driving electric wheelchair.
I’m in a venture capital company named Donghoon Investment,
I invest in startups that can grow and able to serve society,
and with that profit, I also make social contributions. My name is Won Jun Jang,
*A Company Where 100% of Its Members Are shareholders.
Our company started out as Study Lab.
There is this place called Modulabs.
I created the Study Lab there and ran it
I thought we had to contribute something to society with our technology.
Because I think we have already received a lot from society.
So we did some research on what we can do with our self-driving technology.
Then, surprisingly, all technology required for a self-driving car
it was a very necessary technology for blind people.
I thought I should make a navigator for the blind.
I've been looking for an article from 2017.
There's a story about this.
The first thing a blind person wants to do is to take a bus.
Why? So I thought about it a little and it was so obvious.
At the bus stop where the bus actually stops is not fixed.
and there are many obstacles.
Now I started by saying, 'Shall we take the bus?'
Navigator for the Blind
Last year, I've finished successfully with the bus riding technique.
The reason I thought about the self-driving electric wheelchair,
there's a statistics that 1 out of 10 disabled people in a wheelchair gets in an accident.
Low cost wheelchairs have like bicycle brakes.
There is no other braking system other than this one, it's easy to get into accidents.
I thought it would be nice to improve this,
and that's how I came up with this self-driving electric wheelchair.
Developing a navigator for the blind,
making a self-driving wheelchair for the disabled,
and If I had this conversation now with the real model, it would be a bit more appealing,
I thought it might give people some insight.
What kind of insight do you want to give people?
Not that those people are weak, but I think we just weren't interested.
So I thought about changing the expression of mobility handicapped,
and I started to use the word mobility equity.
Even if not all, if at least some people could look deeper into these issues
and be concerned about them,
I thought it would make things a little better.
To sympathize people with these things a little more,
Is that why you are creating and developing such a product with this company?
That's right.
I know you are trying to change people’s awareness.
but I wonder if it's going towards the right direction.
When you make a driving assistance wheelchair or a navigator,
the cost is bound to be very expensive.
Of course, besides the labor cost
products with these devices attached are not going to be cheap.
Also, these products will be difficult to get commercialized.
After all, they will not be able to be used.
The target cost for the mass production stage is 1.8 million won,
or up to 2 million won.
My goal is to make this wheelchair accessible enough within the subsidy.
Surprisingly, the Welfare Division for the Disabled in the local government has quite a lot of budgets.
But they are using it on strange things.
To prevent from using it in such way,
We will fix the guideline for them and supply the wheelchairs,
I think the society and government, local government or large companies
should supply them as CSR. I think.
'We will work hard to make the product, so you please work on the distribution'
That's also our concept.
Because if the disabled is comfortable, the non-disabled is much more comfortable.
I want to create a new type of company.
When I first started my business,
So I thought about how to make these people stay.
I thought it would be good to establish a company and keep these people there,
but this was a weak offer.
So I thought of creating a joint stock company, 
and letting all these people be shareholding members
before starting to work.
So I founded the company with a total of 15 shareholders including me.
Then, my question here is, how do you determine the share ratio?
For example, the CEO managed this company better and better.
But I think it's usually a reward to give the CEO a reason to keep doing this.
When I did well at a company,
my salary increases a bit more, increases a bit more, and increases a bit more.
It's not just because I did well,
but you can enjoy it elsewhere,
but we'll satisfy you this much. Why don't you keep doing it here?
In that sense, I think it's a virtuous cycle.
If the value of the company increases, I'm thinking about ways to manage
it well and distribute it efficiently to shareholders.
I keep thinking.
The first thing I offered them was to split it equally,
but surprisingly and unanimously, they said they will get only 2%,
and I will get to have the remaining stock,
and use it for the further growth of the company.
I feel a sense of separation.
But how about other shareholders,
were they all unanimous?
The structure of a company, the trust in a corporation that seeks profits
the reason why that motivation is so important,
after all, it's the most efficient way and it makes people to devote their time,
I think most of these things are involved in profit making and also financially related.
saying not to seek for such a profit,
it's not an environment that can give you 100% of the rewards,
and of course everyone agreed on that and came
so, should I understand this situation as if everyone is sparing their time?
Let me explain a little more about how we operate.
We gather every Thursday for the study.
We all meet up after work, and we hold seminars corresponding to the team
and study together, These are the fundamentals.
And on Saturday, we're going to get together again voluntarily and develop.
You said you don't sublate social enterprises or social ventures.
But I see a big inconsistency here.
What you want to create,
to have more social interest in the surrounding environment
and to be able to help, in order to change the mind of people
it's actually a corporation, right?
I think standardizing it, is the priority,
and in order to inevitably standardize it,
I think that the distorted form is not a social impact fund, a social enterprise, nor a social venture.
I really agree on the original purpose of social enterprises and social ventures.
Social enterprises and social ventures that are currently established and being operated,
they are not running properly.
I have checked the statistics of last year,
and it says that the average annual sales are only 120 million won.
But that 120 million won is probably a support from the government, a local government subsidy.
This means that these companies can't make money on their own.
Social enterprises are good, but it can't be managed at all without outside help.
I really hate my company being seen as a company like that.
but I fully get your nuance.
*Footsteps to a Better Society
I have another goal.
I want to adopt the concept of the open source company.
Thanks to the open source software,
the world has improved a little. That's how I think.
So many of the devices that we're using now have open source
and I think it's a good donation. Open source is.
Well, it's been going on.
The hurdles are gone.
And there was an open-source education.
. We have a system where you can get free lectures online at any time,
or you can get a degree.
I want to accomplish this process well by any means,
As I've said, I want to establish an open source company
and let people know that I can do this,
We are now participating as shareholders,
and working, and through the experience with this type of company
If we could make a good manual,
wouldn't it be possible for others to gather together and continue to build such type of company?
I’m doing a lot of investment reviews in startups.
There aren't many chances to meet companies which do not seek for profits.
This company structure is possible,
and in fact, companies looking for only profits, 
requirements that are hard to obtain, or help
I see they are doing well through these supports.
So I think that things that they are technically settling,
actually it's easy to say,
but each one of them is a task that some companies chase as their ideals.
I really wanted to say this.
In 2025, I will take over Google.
But this is a very ambiguous meaning.
I'm not really saying that I will take over Google.
Small-sized companies like us, technology-intensive companies
if 10, 100, 1000 are gathered together, and they become as big as Google,
wouldn't this effect be the same as taking over Google?
We are constantly meeting companies that can join us.
So eventually, in 2025, our total amount, our market capitalization,
wouldn't it be enough to take over Google? That's the goal.
First of all, from my perspective as an investment evaluator,
about running a company in such an honest way.
because it's not easy to have a conversation. It was a very new experience
It seems that you are getting a lot of support
and going through with this well
so obviously I must give you my best wishes.
I was curious about how you were thinking.
I also thought it would be nice for you to look at me from a different perspective.
Thanks for your comments and opinions. It made me consider some changes for the future.
I had a great conversation today.
Yes. I also had a great time.
I'm Yoon Dongkook from ZER01NE.
Dong Kook Yoon, who's proposing a new company image,
Dong Kook Yoon, who's proposing a new company image, is the creator of ZER01NE.
