I want to be a chaebol

Chapter 82 The media aircraft carrier of the future: New Asia Media
After receiving Song Yi's latest acquisition offer, Shen Zhe did not hesitate to sell Shin Cine to New Asia Entertainment for 360 billion won, and Shin Cine became a wholly-owned subsidiary of New Asia Entertainment.

Unlike Li Haoyan, Shen Zhe cleared all Shin Cine shares in his name. He plans to retire in Los Angeles and continue to work in film-related industries.

At present, the Korean film industry is divided into three pillars. CJ Entertainment, Lotte Entertainment and Xiubao Entertainment divide the Korean film market, leaving small film companies like Shin Cine struggling to support themselves.

CJ Entertainment and Lotte Entertainment both have their own theater chains, and Xiubao Entertainment has also begun to make efforts to build Show Box theater chains. Xiubao Entertainment is the production company of the movie "Color is Empty".For Shen Zhe, he may have long wanted to leave the highly competitive Korean film market. After all, South Korea only has a population of 5000 million and cannot support so many film companies.

Shen Zhe was a little embarrassed, "Representative Song, logically I should finish the promotion work of "My Sassy Girl" and then resign from the company, but I am indeed tired, so I ask for your understanding."

Song Yi said he didn't mind. "My Sassy Girl" is scheduled to be released in July, and there is still two months of preparation time. Apart from Shen Zhe's departure, Shin Cine's employees still perform their duties, and the handover is not chaotic. , Song Yi is not worried.

Song Yi joked with Shen Zhe, "I originally planned to let Representative Shen continue to be in charge of Shin Cine. Since Representative Shen is going to Hollywood to learn about the advanced film industry, I can only poach people from other film companies."

Shen Zhe was a little surprised. He could feel the sincerity in Song Yi's words, "Representative Song, I appreciate your kindness. Jin Youze, the executive director of MegaBox Cinemas, has very strong personal abilities. I wanted to recruit him to Shin Cine before, but If he rejects it, Representative Song can try to contact him.”

Song Yi became interested and briefly asked about Jin Youze's resume and found that this guy was indeed a talent.

Kim Woo-taek graduated from the Department of Business Administration of Seoul National University and later obtained a master's degree in Business Administration from Emory University.He joined Samsung after graduation, got involved in the film and television industry by chance, and later became the executive director of MegaBox Cinemas.

MegaBox Cinemas is a joint venture between Orion Group and AMC Cinemas. They opened their first cinema in the COEX shopping mall in Samseongdong last year and are preparing to open their second cinema in Busan this year.

Song Yi thought about it carefully and realized that such a powerful person could not be an unknown person.Only then did Song Yi remember that Kim Woo-taek was the founder of the Korean film company NEW, who had produced the movie "Train to Busan" and the TV series "Descendants of the Sun".

The reason why Song Yi thought of NEW Entertainment was because when Song Yi was working in an investment bank before his rebirth, he participated in the listing project of Huace Film and Television. Later, Huace Film and Television became an overseas shareholder of NEW, and the two companies also established a joint venture.Being able to develop NEW into a listed film company in just 8 years, Kim Woo-taek certainly has his own merits.

"Thank you Representative Shen for your kindness. I will consider it. I hope there will be opportunities for cooperation in the future." Song Yi shook hands with Shen Zhe and said goodbye. Shen Zhe had put his property in Seoul up for sale and was going to live in Los Angeles with his family.

It is difficult for a small temple to respect the big Buddha. Shin Cine is not a top-notch Korean film company, so it is normal that it cannot recruit Kim Woo-taek.From the executive director of MegaBox Cinema to continuing to serve as the executive director of Shin Cine, there is not much room for career advancement, unless Shin Zhe is willing to give up the position of representative director to Kim Woo-taek, but everyone knows that this is impossible.

Song Yi is planning to consolidate the companies he personally holds. Shin Cine is planning to change its name to SHINA Pictures, DSP Entertainment is planning to change its name to SHINA Music, and Shinhan Advertising is also planning to change its name to SHINA Advertising. The parent company SHINA Entertainment officially changed its name to SHINA Media Group.

In this way, New Asia Media Group has three subsidiaries: New Asia Pictures, New Asia Advertising and New Asia Music. Song Yi is also planning to establish New Asia Network and New Asia Investment. The former is responsible for online games and the latter is responsible for equity investment. However, they are still Don't worry, wait until New Asia Entertainment's US$2 million loan is received before making detailed plans.

Song Yi wants to integrate Xinhan Advertising into Xinya Entertainment, but he has to get the nod of Xinhan Media, another major shareholder.

If Chen Zaican disagrees, Song Yi will find a way to acquire the equity of Shinhan Advertising held by Shinhan Media.Song Yi decided to visit Chen Zaican first and test Chen Zaican's attitude.

Chen Zaican was very surprised when he saw Song Yi in the company, "You are always like a dragon but never an end. Which gust of wind blew you over? Xiuna, make a cup of tea for Executive Song."

Jiang Xiuna was already the planning team leader of New Korea Media. She was very happy to see Song Yi after a long absence. She didn't have time to chat with Song Yi, so she was busy making tea for Song Yi.

"Kim Tae Hee's new commercial for San Duo Shui is so beautiful. If you and Tae Hee get married, you have to buy me a drink. After all, I can be regarded as your matchmaker." Chen Zaican joked.

Ever since Song Yi went to Yanjing to open Xinhan Advertising, Chen Zaican did not treat Song Yi as a subordinate, but as a business partner.

After New Asia Entertainment acquired DPS Entertainment and Shin Cine, Chen Zaican suddenly realized that Song Yi had reached a height that Chen Zaican could not reach.

Chen Zaican is a little sad. He is a marginal member of the Samsung family, and his uncle Chen Jianxi suppresses him intentionally or unintentionally. It is difficult for New Korea Media to achieve greater development.

When Song Yi expressed his intention to merge Xinhan Advertising's business into Xinya Entertainment, Chen Zaican was obviously unwilling to break up with Song Yi so early.

Chen Zaican suggested, "Actually, you don't need to be so anxious to acquire the equity of Xinhan Advertising. Xinhan Advertising can first change its name to New Asia Advertising, and New Asia Entertainment can first complete the capital injection of New Asia Advertising and become the major shareholder of New Asia Advertising. At that time The shareholders of New Asia Advertising become New Asia Entertainment, New Korea Media and you personally."

"As long as New Asia Entertainment holds more than 51% of New Asia Advertising's shares, New Asia Advertising will become a subsidiary of New Asia Entertainment, and you can integrate New Asia Advertising's business into New Asia Entertainment," Chen Zaican said.

Song Yi now does not have the funds to repurchase the shares of Xinhan Advertising held by Xinhan Media. Chen Zaican's suggestion solved Song Yi's problem.

Chen Zaican said to Song Yi: "Seeing that Xinya is developing so well, are you interested in integrating Xinhan into it?"

The size of Xinya Entertainment has exceeded that of Xinhan Media. If Xinya Entertainment integrates Xinhan Media, Xinya will be the main one and Xinhan will be the supplement.Chen Zaican will change from Song Yi's superior to Song Yi's subordinate.

Song Yi and Chen Zaican have a good relationship. Chen Zaican's wife Cui Shanji often invites Song Yi and Kim Tae Hee to have dinner at home.

Cui Shanji knew that Song Yi was the key figure in the turnaround of New Korea Media, so she had always been interested in Song Yi and wanted to help her husband win over Song Yi.

Since Song Yi became the executive director of Asan Group, Cui Shanji has become more enthusiastic. She keeps asking Chen Zaican to call Song Yi to come to the house for dinner, which is a bit of a way to please Song Yi.The first time Song Yi visited Kim Tae Hee's house, it was Cui Shan Ji's idea and she helped prepare the door-to-door gift.

Chen Zaican felt a little awkward, "Song Yi is a person who repays kindness and I have not treated him badly. He wants to open an advertising company in China. Didn't I also support him? Do you need to flatter him like this?"

Cui Shanji smiled instead of getting angry, "Chen Zaican, don't you know why I fawn over Song Yi? The key is that the people in your Samsung family are unreliable. Last year, Shinhan Media was on the verge of bankruptcy. Chen Zaixian of CJ Group, Chen Fuzhen of Shilla Hotel, etc. Who is willing to lend a helping hand? Even your eldest brother Chen Zaikuan said that Sehan Group's financial resources were tight, and finally reluctantly lent you 2000 million won. I'm afraid you have forgotten how to survive the crisis? "

"Song Yi's development momentum is so good now. You and him are partners in the business field. If you don't count on Song Yi, how can you count on your unreliable cousins?" Cui Shanji asked back.

With Cui Shanji blowing the pillow beside her, Chen Zaican has adjusted his mentality. It is only a matter of time before New Korea Media merges with New Asia.

Song Yi thought Chen Zaican was joking, but saw Chen Zaican's serious face, "President, are you serious? Xinya Entertainment and Xinhan Media merged, and Xinhan Media can only become a subsidiary of Xinya Entertainment."

Chen Zaecan didn't care, "Rather than my personal position, I care more about whether Shinhan Media can become a first-class advertising company in South Korea. Even if Shinhan Media becomes a subsidiary of Shinya, I should still be the president of Shinhan, right?" Chen Zaecan Finally, I made a joke with Song Yi.

Song Yi is considering the pros and cons of the merger between Xinhan Media and Xinya Entertainment. Currently, Xinya Entertainment is Song Yi's sole proprietor. Except for Jin Xiyuan and Li Haoyan who own a small amount of shares, Song Yi is the absolute majority shareholder.

If New Korea Media merges with New Asia Entertainment, Chen Zaican will become the second largest individual shareholder after Song Yi.

Not only that, Chen Zaican was Song Yi's immediate boss before.If Chen Zaican shows off his seniority in Xinya Entertainment, and Song Yi is relatively young, his prestige will be difficult to convince the public.So the key to the question is whether Chen Zaican is willing to listen to Song Yi.Song Yi decided to take the time to ask Cui Shanji. After all, she knew Chen Zaican's true thoughts better.

"Let's do this step by step. We can't eat hot tofu in a hurry. Let's straighten out the Xinhan Advertising matter first. As for the merger of Xinya Entertainment and Xinya Media, we will discuss it in two months to see if the situation will be better. Changes will occur." Song Yi and Chen Zaican discussed.

"Okay, no problem." Chen Zaican was also happy.

At the end of April, Yanjing Xinhan Advertising Co., Ltd. officially changed its name to Yanjing Xinya Advertising Co., Ltd., the registered capital became 4 million yuan, and the company's legal representative was changed from Song Yi to Zheng Yiping.

The shareholders of New Asia Advertising have also changed. New Asia Entertainment holds 51% of New Asia Advertising shares, Xinhan Media holds 30% of New Asia Advertising shares, and Song Yi personally holds 19% of New Asia Advertising shares.Xinya Advertising increased capital and shares, so Xinhan Media's shareholding was reduced to 30%, continuing to be the second largest shareholder.

As soon as Xinya Advertising completed the changes, Jin Chengguo contacted Song Yi and asked Song Yi to apply for a loan with the materials.

Jin Chengguo chose Korea Kookmin Bank, Hanhui Bank and Shinhan Bank. These three banks have close relations with the government.

Kookmin Bank just merged with Korea Housing Bank this month to become South Korea's largest commercial bank.

Hanhui Bank Hanhui Bank is the second largest commercial bank in South Korea and the only state-owned bank in South Korea. After 02, Hanhui Bank changed its name to Woori Bank.

Shinhan Bank is a globally recognized financial services company with experience in the international bad debt market and is listed on both the Seoul Stock Exchange and the New York Stock Exchange.

During the 97 financial crisis, the Korean government asked the International Monetary Fund for help, and Korean commercial banks introduced foreign shareholders.

In order to resist systemic financial risks, the South Korean government stepped in to preside over the merger of Korean commercial banks. During Zhong Xiaotong's term as president, he had a strong influence on South Korea's large commercial banks.

Although Jin Chengguo did not show up, he had already greeted the executives of the three banks, and Song Yi's loan approval went very smoothly.

New Asia Entertainment applied for special loans of US$7500 million, US$7500 million and US$5000 million from Korea Kookmin Bank, Hanhui Bank and Shinhan Bank respectively, with a loan term of 5 years.

Song Yi bought a 240-story building in Seocho-dong, Gangnam District for 10 billion won. Song Yi renamed the building Xinya Building. Xinya Building is only a 2-minute walk from Gangnam Station of Subway Line [-]. .

The building consists of two underground floors and eight floors above ground. It covers an area of ​​147 square meters (approximately 486 square meters) and has a total construction area of ​​881 square meters (approximately 2904 square meters).

Shin Cine officially changed its name to New Asia Pictures, and DSP Entertainment also officially changed its name to New Asia Music.Because the leases of some previous tenants of New Asia Building have not yet expired, New Asia Pictures and New Asia Music will move to New Asia Building to concentrate their offices in July.Song Yi borrowed Jiang Xiuna from New Korea Media. Jiang Xiuna is currently serving as Song Yi's assistant, specifically responsible for the relocation of New Asia Pictures and New Asia Music.

Chen Zaican considered that Xinya and Xinhan Media would merge in the future. Jiang Xiuna was also an old employee of Xinhan Media. It would not be a bad thing to familiarize herself with Xinya's work in advance, so he agreed.

During this period, Song Yi also took the time to go to the Seoul District Prosecutor's Office to meet with Zhou Mengxian twice.Zhou Mengxian was very happy to see Song Yi, "Are the company and Eunxuan okay?"

Song Yi was a little embarrassed. Zhou Mengxian asked him to help take care of Zheng Enxuan, but he ended up stealing it.Song Yi originally wanted to reply, "I will take care of your wife, so don't worry about it." But then he thought about Jiang Xiuna still being around, so he forgot about it.

"Uncle Mengxian, the company is currently operating normally, and my aunt is doing well. Zhiyi is very motivated and making rapid progress. Her colleagues praise her a lot." Song Yi reported briefly.

Zhou Mengxian was very pleased, "Okay, okay, I always feel at ease when you do things. Enxuan has just started to take over such a big company, so she will definitely be unable to do what she wants. Please help her more."

Song Yi expressed his position, "Uncle Mengxian, don't worry, you are not in the company. I will definitely share more of your work and help aunt reduce the pressure."

"By the way, Ashan Group is preparing to issue an announcement stating that you do not hold shares in Asan Group and are not involved in the actual operations of Asan Group. Asan Group has no connection with the secret fund case. We are doing this to stabilize the company's stock price. Meng Uncle Xian, don't think too much." Song Yi said his plan.

"I understand, and this is what it should be. If it were me, I would handle it this way. Your aunt is under a lot of pressure, and I'm not around, so you have to help her." Zhou Mengxian asked earnestly.

Song Yi felt a little strange. Logically speaking, Zhou Mengxian should be released soon after being investigated by the District Prosecutor's Office, but he could not leave his residence.

If the prosecutor finds new evidence and is imprisoned again, Zhou Mengxian will have been imprisoned for more than half a month, unless some big shot specially greeted the Seoul District Prosecutor's Office.

Song Yi and Zhou Mengxian talked about the changes in New Asia Entertainment. Song Yi specifically emphasized that he had applied for a special loan of US$2 million. He would also help Zheng Enxuan stabilize the board of directors and support Zheng Enxuan in clearing out some old shareholders.

Zhou Mengxian was a smart man, and he immediately understood Song Yi's subtext. His eyes brightened, and he didn't expect that Song Yi had solved his worries in advance.If Zheng Enxuan can gain actual control of the Asan Group, then it will no longer matter when Zhou Mengxian leaves.

Because he was accompanied by people from the prosecutor's office during the entire meeting, Zhou Mengxian could not elaborate on some things.

"I have told the prosecutor's office many times that secret funds are provided to North Korea mainly in exchange for the two projects of Mount Kumgang tourism and Kaesong Industrial Park. Each meeting of separated family members can create huge economic benefits for modern Asan. Benefit. No one ordered me to do this, and it has nothing to do with my father, let alone other people." Zhou Mengxian said excitedly.

Song Yi nodded. Xinya Entertainment had received a loan of US$[-] million, and Zheng Enxuan had also begun to quietly absorb the circulating shares of Ashan Group.

It would be of no benefit to Zhou Mengxian, Song Yi and Zhong Xiaotong to expose Zhou Mengxian at this time because Zhong Xiaotong knew about it, or to suggest that Zhou Mengxian provided secret funds to the DPRK.It would be best for Zhou Mengxian to plead guilty to all the crimes by himself. This kind of economic case is usually sentenced to three years in prison. If he gets some exercise then, he might be released early in a year and a half.

Of course Zhou Mengxian knew who was causing the obstruction and was unwilling to let him go home.Song Yi had an idea, "Uncle Meng Xian, next year is the presidential election. I want to visit the candidates in advance. Who do you think it would be better for me to visit?"

Zhou Mengxian was a little surprised. The Hyundai Family had reached an agreement with Song Yuxi. In next year’s presidential election, the Hyundai Family would unanimously support Song Yuxi’s candidacy for president. Why would Song Yi suddenly ask him which candidate he wanted to visit?
Zhou Mengxian was so blessed that he knew who Song Yi was asking him to deliberately embarrass him, so Song Yi could find a way to save Zhou Mengxian in advance.

Zhou Mengxian pondered for a moment, "During the 98 presidential election, the votes between Li Changhui and President Zhong were very close. I heard that Li Changhui intends to participate in next year's election. He has a great hope of being elected. If you have time, you might as well pay him a visit."

Li Changhui?Lee Chang-hui is the leader of the current opposition Grand National Party. He, Lee Guang-hui and Zheng Jinhui are all conservatives. Lee Chang-hui's campaign slogan is to end the leftist regime.

Li Changhui participated in three consecutive presidential elections in 97, 02 and 07, but lost to Zhong Xiaotong, Song Yuxi and Li Guangwang respectively.

Although Lee Sang-dae, chief prosecutor of the Seoul District Prosecutor's Office, is the father of Song Yi's good friend Li Xianzhen, if Li Changhui intervenes in Zhou Mengxian's case, there is nothing wrong with Li Sang-dae being reluctant to release him due to pressure from Li Changhui.

For politicians like Lee Sang-dae, it is better not to do anything than to do too much and make many mistakes.Li Changhui obviously wants to dig out dirt on Zhong Xiaotong from Zhou Mengxian. This will be a heavy blow to progressives like Zhong Xiaotong and Song Yuxi and can help him compete for voters' votes.

Li Xiangda didn't want to offend Zhou Mengxian, so he served Zhou Mengxian with delicious food and drinks every day.Zhou Mengxian lives in a 6-square-meter single room in the prosecutor's office, where he can read newspapers and books every day.

Song Yi knew it well, "Okay, Uncle Meng Xian, I will tell my aunt and I will come see you when I have time."

Zhou Mengxian waved his hand, "Everything is fine with me here, so Enxuan and Zhiyi don't have to worry."

After visiting Zhou Mengxian, Song Yi returned to Building 63 and talked about Zhou Mengxian's situation with Zheng Enxuan, Zhou Zhiyi, Li Yizhi and Li Bingkui.

Li Yizhi wants Zhou Mengxian to come out as soon as possible, and Zheng Enxuan and Song Yi are now united to suppress other old people in the Ashan Group.Li Yizhi is worried that before long, the employees of Ashan Group will only know that the company's surname is Zheng, not Zhou.

Li Bingkui was relatively aloof in the Ashan Group. He had defected to Song Yi early, but he also wanted Zhou Mengxian to escape early, so he gave Song Yi an idea.

"Li Changhui's son has not served in the military yet. Some people suspect that his son has become a foreign national. Do you want to expose this matter?"

South Korea has a compulsory military service system. Adult men must serve in the military for about two years unless they have physical reasons.South Korean star Yoo Seung-jun was banned from South Korea for escaping military service, and even returning home became a luxury.

Some high-ranking officials and dignitaries in South Korea, in order for their children to escape military service, will let their children become American or Canadian citizens to escape military service.

"No, Li Changhui is relatively popular now. Voters may be very angry if he throws out violent news at this time. However, as long as Li Changhui chooses to apologize, arrange for his son to return to the country to serve in the military, and corrects his mistakes, it may increase his votes." Song Yi said.

"Uncle Bingkui, please quietly investigate Li Changhui's son's evasion of military service first. When the presidential election starts next year, we will strike a fatal blow to ensure that Song Yuxi can be successfully elected as president. Only in this way can we maximize our interests." Song Yi ordered. .

Li Bingkui agreed, "Okay, I will start the investigation now. But this will make Mengxian suffer."

Zheng Enxuan clapped his hands and made a decision, "Song Yi's arrangement is fine, and I believe Meng Xian will understand it. After all, the family's interests come first. It's good that he is inside and everything is fine, so Zhiyi and I can rest assured."

Zheng Enxuan retained Song Yi. She wanted to discuss the equity issue of Ashan Group with Song Yi. When Song Yi and Zheng Enxuan bought the shares of Asan Group, Asan Group would issue a clarification announcement and make a nominal separation from Zhou Mengxian.

There was no one else in the office, so Zheng Enxuan asked Song Yi directly: "Don't you want Meng Xian to be released so that you can continue to occupy his wife?"

Song Yi called Qu, "Aunt, if you say this, you are looking down on me. Uncle Meng Xian stays inside, which is good for you, me, and everyone."

"According to the agreement, New Asia Entertainment will provide you with a guaranteed loan of US$8000 million. The loan period is three years. After three years, you will return US$8000 million in cash or stocks of the same value. If the value of the collateral is less than US$8000 million, both parties can Terminate the loan agreement early.”

"According to my estimate, US$8000 million can buy almost 16% of Asan Group's shares. I plan to spend US$4000 million to buy 8% of Asan's shares. The two of us together have a total of 34% of the shares, which can veto the board of directors." Any suggestions. Auntie will soon become the real owner of the Ashan Group. Isn't this what you want to see?" Song Yi said.

Zheng Enxuan sighed quietly, "I feel like I've boarded your pirate ship and there's no turning back. I'm not sure yet whether it's me or you who have the final say on the Ashan Group."

Song Yi looked at Zheng Enxuan, "Believe me, I, Song Yi, have always been generous to women and will never treat you badly. With me here, your family will only become more prosperous, and the family assets will surpass Uncle Meng Jiu and Uncle Meng Zhun." It only takes five or six years. Aren’t the sacrifices and efforts you are making now all for Zhiyi and the others?"

Zheng Enxuan has considered this issue. She and Song Yi seemed to have benefited a lot from working together, but Song Yi benefited even more.

Zhou Mengxian took the blame alone in exchange for Zhong Xiaotong providing Song Yi with a loan of US$2 million.Zheng Enxuan increased the shareholding ratio of Ashan Group to 24%, but she personally owed Song Yi a loan of US$8000 million, and Song Yi also increased the shareholding of Ashan Group to 10%.

If Song Yi has second thoughts about her, together with other shareholders, Zheng Enxuan can still be driven out of Ashan Group and Song Yi can control Ashan Group.That's why she sighed, wondering whether the owner of the Ashan Group was her or Song Yi.Maybe she is the master of the Ashan Group on the surface, but Song Yi is her master secretly?

Song Yi hugged Zheng Enxuan from behind. Zheng Enxuan felt the heat of Song Yi's body and whispered, "Meng Xian asked you to take care of his wife. Is this how you take care of him?"

Song Yi spoke sternly, "Uncle Meng Xian said it himself, you are under too much pressure. Ask me to help you more. I will work harder if I am able."

Zheng Enxuan feels that his current life is half sea water and half fire.She wanted to act like a good wife and mother in front of Zhou Zhiyi, but she quickly fell in front of Song Yi and gave up resistance completely.She is a housewife at home and a noble lady when she goes out. What kind of woman is she in front of Song Yi?
"Bah, shameless, how could he ask you for help with this kind of thing?" Zheng Enxuan spat in Song Yi's face.

"That's right. I am Uncle Meng Xian's most trusted person. If he doesn't ask me, who can he ask for help? After all, the president is under so much pressure. Only I can help alleviate it. After all, the president is on top and I am on the bottom. You Just say it as often as you like!" Song Yi teased.

Zheng Enxuan was a little unsteady, and Song Yi helped her sit down.Zheng Enxuan said to Song Yi: "No matter how well a woman takes care of herself, she can never withstand the erosion of time. You men will never be reliable, because there is always a shortage of young and beautiful women around rich men. When Meng Xian was the president of Hyundai Group, there were also Crazy bees and butterflies are indispensable, and I’m not surprised.”

"Women are weak, especially in business wars. It is our instinct as women to rely on the strong. When Meng Xian is released in two years, you should be almost married by then. It would be better for us to end our relationship." Zheng Eunxuan expressed her considerations.

"The boat will be straight when it reaches the bridge. Let's take it one step at a time. After we take control of Ashan, I want to make a big change in the company's management." Song Yi responded.

　The first update is completed, see you tomorrow.

　　
　
(End of this chapter)