I want to be a chaebol

Chapter 1 Is the company about to go bankrupt?

Chapter 1 Is the company about to go bankrupt?
August 2000, Seoul, Seoul Plaza Building.

"Team Leader Song, I regret to inform you that due to the financial crisis, the company's performance has declined. We, Xinhan, will have to terminate the contract with you in advance. Please wait for the company's email notification for specific compensation matters." Song Yi, who had just arrived at the company, said Heard the bad news.

Song Yi still wants to fight for himself, after all, the economic situation has been bad in the past two years.If he can't find a suitable job in a short time, when he can't repay his mortgage and car loan, the river view apartment and Mercedes Benz he bought in Seoul will be forcibly auctioned by Hana Bank, and he will have to start from scratch again.

Song Yi is from China. He came to South Korea to study in the 90s and stayed in South Korea to work after graduation. He can be regarded as an authentic South Korea expert.

The company Song Yi currently works for is Shinhan Media. Shinhan Media is a small and medium-sized advertising company in Seoul. Song Yi currently serves as the leader of the planning team and is considered a middle-level manager.

"Excuse me, President Chen, is he in the company? I want to talk to the president in person. After all, he still values ​​​​the project I am working on. If this advertising project can be passed, it can also create good income for the company, right?" Song Yi emphasized.

The person who had a one-on-one conversation with Song Yi was the company's executive director Jin Nanyong, who is the company's second-in-command.

Jin Nanyong looked at Song Yi with pity. He also knew that Song Yi was a rare talent, but it was a pity that he was not one of his own. Based on this alone, Song Yi was destined not to stay.

"The company is now insolvent and is preparing to be sold as a whole. President Chen is also busy now and has no time to care about your project. With this time, you might as well submit a few more resumes online, or go back to China for development. A good choice." Jin Nanyong suggested "kindly".

Song Yi was very confused when he heard what Jin Nanyong said.He originally thought that the company was just cutting costs through layoffs, but he didn't expect that the company was already on the verge of bankruptcy?

Although Song Yi is not involved in financial work, according to his observation, Xinhan Media has not yet reached the stage of bankruptcy and liquidation.

Shinhan Media is a subsidiary of Samsung Group, South Korea’s largest conglomerate. Its president, Chen Jae-chan, is also the grandson of Samsung Group founder Chen Byung-cheol.

As long as Samsung Group hands over part of their group company's advertising business to Shinhan Media, or the bank behind Samsung Group issues an operating loan to Shinhan Media, Shinhan Media can successfully survive the crisis.

However, Song Yi had the illusion that Jin Nanyong didn't seem to care about the life and death of the New Korean media. He seemed to have planned his destination long ago.

Not only that, Jin Nanyong kept hinting that Song Yi would leave the company early during the conversation.

Jin Nanyong told Song Yi that if Song Yi went to other companies for interviews, he could help write a letter of recommendation.If Song Yi takes leave to go to the interview, he will be considered as full attendance in Xinhan this month.

Song Yi's expression condensed. He had been working at Xinhan Media for more than two years, and he knew the habits of his colleagues in the company quite well.

Although Jin Nanyong was a senior executive director before, he was cautious in work and life. He was respectful to Chen Zaican and did not express opinions easily.Now Jin Nanyong gives Song Yi the feeling that he is sharp and sharp. He speaks the right words in the company, and he has a bit of aura of a superior. Those who don't know better think that the company president has changed his surname to Jin.
Song Yi thanked Jin Nanyong for his kindness and returned to the office after finishing the conversation.Colleagues in the planning team seemed to have received the news that the company was about to go bankrupt from other channels, and they looked panicked. Colleagues at adjacent workstations were whispering to each other, and they must have been discussing it for a while.

When Song Yi sat back down, the planning team immediately became quiet, and even the air temperature seemed to have dropped a few degrees.Obviously, as the leader of the planning team, Song Yi is still very prestigious in the department.

Song Yi looked at all the colleagues in the planning team, and finally focused on Jiang Xiuna, who had the strongest working ability in the team.

Song Yi invited Jiang Xiuna to go to the terrace outside the office building. Colleagues from the planning team usually like to go to the terrace to chat for a while, which is a break from their busy schedule.When Song Yi and Jiang Xiuna left the office one after another, the quiet planning team suddenly became lively again.

The office space of Shinhan Media is located on the 15th floor of Seoul Plaza Building. This is an office building located in Shizhong District. It is very close to the subway entrance and has extremely convenient transportation.

Song Yi looked down at the hurried pedestrians on the road. These pedestrians were like ants rushing to move on a rainy day, and they looked particularly anxious.

After a while, Jiang Xiuna's voice came from behind Song Yi, "Team leader, I'm already here."

Song Yi turned around and saw Jiang Xiuna wearing a white shirt with a knitted jacket and a formal skirt of the same color. Her long hair was tied into a dignified ponytail, showing the temperament of a white-collar beauty.Song Yi was not in a hurry to talk about business, "Xiu Na, how long have you been in the company?"

Jiang Xiuna thought for a moment, "I joined the company in July last year, and it's been exactly one year now."

"When I first joined the company, I didn't understand anything. It was the team leader who taught me patiently. If the team leader plans to change jobs to other companies, please take me with you." Jiang Xiuna said firmly.

Song Yi didn't answer, but changed the subject, "It's been over a year, and he can be considered an old employee of Xinhan. I remember that Special Agent Jin Nanyong gave you a public service announcement project about transforming Cheonggyecheon. Do you have any impressions of it?"

Jiang Xiuna recalled for a moment, "Expressor Jin asked me to collect information about Cheonggyecheon Stream, and we also went to the river to take on-the-spot photos. Administrator Jin said that the city government was going to commission our company to shoot a public service announcement to persuade the citizens on the river bank to agree to the city's decision. The government’s Cheonggyecheon reconstruction plan, but later this public service announcement case was not followed up.”

Cheonggyecheon is a city river in the center of Seoul, with a total length of 11 kilometers. The river water flows directly into the Han River.Wastewater around Cheonggyecheon was discharged directly into the river. In the 70s, a two-way four-lane viaduct was built over Cheonggyecheon.The stench emitted by this culvert made surrounding citizens miserable and became a scar on Seoul.

Song Yi's heart moved, "Do you still have the information that Special Agent Jin asked you to sort out?"

Jiang Xiuna didn't think much about it, "Executive Jin later passed all the information. I thought he wanted to follow up personally, but then I stopped paying attention."

"Do you still remember the specific event planning content of this public service announcement?" Song Yi felt that he had almost grasped the key point.

Jiang Xiuna thought about it carefully, "I don't know the specific content, but I remember that this advertising project has a large budget. Our company is going to produce a promotional video to briefly introduce the current situation of Cheonggyecheon Stream and what it will look like after the upgrade. The promotional video is ready to be broadcast on three TV stations: BS, SBS and MBC."

"In addition to the promotional video, our company also wants to build billboards around Cheonggyecheon Stream to publicize the need to manage Cheonggyecheon Stream. Because there are tens of thousands of shops and thousands of stalls around Cheonggyecheon Stream, there is also great resistance to transforming Cheonggyecheon Stream." Jiang Xiuna said.

Song Yi smiled, "Public service advertisements are paid for by the government, so the higher the budget, the better. If you save money for them, they might think that our company is not strong enough."

Song Yi thoughtfully said, "When I first joined the company, a senior warned me that Special Agent Jin Nanyong knew many friends in the political and business circles. It would be better to offend the president than to offend him."

"Specialist Jin has strong connections, so it is not surprising that he can receive advertisements entrusted by the municipal government. Everyone knows that in this kind of advertising project in cooperation with government departments, as long as the work is done in place, Party A will have fewer requirements and get the money back quickly."

"Now we in Xinhan are suffering from internal and external troubles. What we lack most is liquidity, and we urgently need high-quality projects like this to save the company. I have not seen other advertising companies taking over Cheonggyecheon's public service announcements, which means that someone deliberately shelved this advertising project. "Song Yi guessed.

Jiang Xiuna was young after all, so she blurted out, "You're saying that Executive Kim deliberately shelved this advertising case and sat back and watched the company go bankrupt, but what good would this do to him?"

After Jiang Xiuna finished speaking, she regretted it and covered her mouth. How could she doubt the company's senior leaders in front of her colleagues? This is also a taboo in the workplace.

Song Yi looked relaxed and comforted Jiang Xiuna, "Don't worry, this is not an office. Others can't hear our conversation."

"Let's put it this way, if Xinhan restarts the public service advertising plan now, the profits created for the company can only offset Xinhan's debt, allowing Xinhan to barely survive."

"But if Xinhan goes bankrupt and is liquidated, and Kim Nam-yong takes over the company, then changes its name and uses a new advertising company to undertake the city government's public service announcement plan, then all the profits will fall into his personal pocket. If it were you, How do you choose?" Song Yi asked Jiang Xiuna.

 I’m launching a new book on April Fool’s Day, and I’m still good at business + entertainment writing. Thank you all for your support, thank you!

  
 
(End of this chapter)

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