Kim Byom Su from a poor neighborhood to the world's rich

If not for technological delay, my life would have been a mistake. "The 52-year-old South Korean entrepreneur, Kim Byom Su, described his life in simple words after joining the Forbes list of the world's richest.

Was born to parents who did not complete the advanced stages of school education; to become a legend in the world of economics and finance with a fortune of more than $ 2.5 billion, accomplished in the Internet world controlled by a handful of large conglomerates,
the beginning

Kim Bai Siu grew up in poverty; his family of eight shared his one-bedroom apartment in a poor neighborhood in Seoul, capital of South Korea.

His parents moved from one job to another to earn their living, and during that time he was able to achieve an achievement at the level of his family, to be the first to join the college; where he was giving private lessons to earn what he wants to complete his studies; until graduated in the Faculty of Industrial Engineering in 1990.

"We had to create our own ways; because my father did not have time to look after us; we had a great degree of independence, he taught me the importance of responsibility."

The strength of Kim Bae-soo in his youth has boosted his energy to invest in more creative creativity while maintaining the humble human spirit of a simple office in the south of the Korean capital.

First post

Kim Bae-soo started his first job in the development of the Internet communications service, Samsung's global IT service unit, but always looking forward to the best, prompted him to leave the company after only 5 years; to establish an Internet cafe, and the development of online casino games begins online.

"The technological delay that I experienced in my childhood helped me to create a different personality that helped me to know the solutions myself," he says. "These games help to learn problem-solving skills; Creative strategies, and cooperation with others, to protect your castles, for example. "

The first Korean online game site

In 1998, Hangame, the first online gaming site in South Korea, attracted a large number of hits, which were later merged with the Naver search engine to become the NHN portal, which is dominant.

Kim Beum Su worked day and night as a businessman and programmer, amid a conflict with himself between pride at present, fear of a future surrounded by the dangers of failure, and inability to pay the salaries of his staff.

Kim, who became chairman of the Korean Games Industry Association, moved to Silicon Valley in 2005 to build his company in the United States, but found it to be tougher than expected.

At the time of his last breath in California, he returned to South Korea with some colleagues, in conjunction with the launch of iPhone, which stole his attention, and planted himself a seed of hope for a new project.

Cocoa 카카오

In 2010, Kim Bae-soo launched the KakaoTalk 카카오 تطبيق application for talks and messages, now used by three-quarters of South Korea's 50 million people.

In 2014, Cacao was merged with Daum Communications, a competitor of Nafer, providing a broader budget to move to new lines of business, including smart banking and taxis.

With the launch of the Cocoa application, Kim was devoting time to his personal ambitions in developing 100 technology startups; he already invested in more than 70 startups through venture capital firms.

Cocoa's application was to expand its user base outside the domestic market, with limited success abroad; it even spread in Southeast Asia.

Despite its success, the application has come under the spotlight of the Korean government, which has provoked much controversy for surveillance over digital communications; until it was subject to the orders of the Korean authorities, it monitored the messages of suspects in 2015.

Challenges for Entrepreneurs

"The failed experiences in small businesses often lead to better results at both the business and the life levels; entrepreneurs must therefore risk their lives for what they believe; to enhance the opportunities for excellence from the heart of experience," Su said. , Which creates a climate suitable for success, stressing that the education systems in the world restrict what he called "creative economy."

awards

Kim Beum Su has won numerous awards including:

6th Bonnie Gion Award for Innovation in 2012.
The Desan Award at its 22nd session 2013.
DONGTAN Industrial Medal for ICT in 2015.
The world's richest in the world of technology in 2016.
Lessons learned

1 - Failure opens the doors of success

"The failed trials are the first seed in the orchard of your next successes; from failure you can learn and enhance your experience," says Kim Byom-soo.

2 - Think outside the box

The economy opens up new horizons for projects. Entrepreneurs need to turn to the creative economy, which depends on their own ambitions and thinking outside the fund;

3 - Do not fear the risk

Risk is the most important feature of entrepreneurs; it enhances the chances of finding solutions to all problems and gaining new skills that drive your projects forward.