The Peninsula chaebol started by rescuing Samsung's little princess.
Chapter 15 So what is the price?
"Representative Jin's presence is a great honor for our small company!"
Amidst Li Haorong's welcoming greetings, Jin Zhengtai looked around at the small company called Mars Technology, nodding occasionally.
Small but complete.
This company not only has a beautiful receptionist and professional programmers, but it also looks quite professional.
As for how he could tell these programmers were professional, it was because of their plaid shirts, black-rimmed glasses, and sparse hair—they were exactly like the programmers in his company.
Lee Ho-yong invited Kim Jung-tae into his office, and the first thing Kim noticed was the framed photo on Lee Ho-yong's desk.
In the photo frame, Lee Ho-young stands affectionately behind Lee Kun-hee, and the background is surprisingly Lee Kun-hee's private residence.
Kim Jung-tae had been to that place once and was very familiar with the sofa where Lee Kun-hee was sitting; he recognized it at a glance.
If you hadn't actually been there, it would be impossible to Photoshop such a photo; it's clearly real!
Although Li Haorong casually placed the photo album face down on the table as soon as he entered the room.
However, Kim Jung-tae interpreted this seemingly obvious act as a deliberate attempt to convey some unspoken message.
"He definitely has close ties with Samsung!"
Kim thought to himself.
Kim Jung-tae was quite surprised when he received a call from Lee Ho-yong yesterday at noon.
But soon, the other party stated their purpose: "I can resolve the troubles of Representative Kim and President Kim. If Representative Kim has time, perhaps we could meet?"
He didn't understand why Li Yinxin's friend would do this, but he still discussed it with Jin Zhengzhou.
Kim Jong-ju learned through government connections that this person only owned this newly established company, "Mars Technology".
How dare such a new company presumptuously claim that it can help the number one game company on the peninsula?
However, considering that the other party knows Li Yinxin, this matter seems to make sense.
Therefore, Kim Jong-ju sent Kim Jong-tae to Lee Ho-yong's company to investigate its details.
Sure enough, he noticed something amiss as soon as he arrived.
"President Li is truly young and accomplished! He started his own company right after graduating from university!"
He sat on the sofa, took the tea that Li Haorong poured for him, and said with a smile.
"I started it with a friend. I'm just a poor student; where would I get the money to start a company!"
Li Haorong said modestly.
Kim Jung-tae astutely noticed the flaw in Lee Ho-yong's words.
According to Jin Zhengzhou's investigation, Mars Technology Co., Ltd. currently has only two shareholders, brothers Li Haorong and Li Haoyang.
Li Haorong alone accounted for 95% of them.
This equity distribution just meets Peninsula's minimum requirements for a company, meaning that the company belongs to Li Haorong alone!
Where does the idea of friends starting a business together come from?
"A front man, holding shares on behalf of someone else!"
These words instantly appeared in Representative Kim's mind.
As for who to hold the shares on behalf of, that's a piece of cake!
"Since Chairman Li said on the phone that he could help me solve my problem, I wonder what kind of problem he is referring to?"
"I heard your company is experiencing some cash flow problems lately?"
Li Haorong's simple words caused Representative Jin's expression to change drastically.
"Who told you that?"
"Representative Kim, I have eyes; I don't need to listen to anyone!"
Li Haorong was right; he really didn't find out through his senior this time.
The arrival of World of Warcraft on the peninsula this year, much like the impact of Titanic on the peninsula's film industry, has had a tremendous impact on the entire peninsula's gaming community.
As the best game company on the peninsula, Nexon is naturally unwilling to admit defeat.
Even during the development of World of Warcraft, Nexon had already begun working on ZerA, the largest project in the company's history.
After seeing the quality of World of Warcraft this year, the company's chairman, Kim Jung-ju, made an additional investment.
However, the development of this project has proven far more difficult than they imagined. Nearly 100 billion won has already been invested, yet the project remains unresolved.
This caused cash flow problems for Nexon, which urgently needed loans to alleviate the pressure.
However, it is said that Kim Jong-ju visited several banks, but the loan was still not approved!
How can you help us?
"How much money do you need?"
"200 million!"
Kim Jung-tae tentatively said a number.
"Pfft, is that all?"
Li Haorong's chuckle was rather impolite, but to Representative Kim, it seemed to make Li Haorong appear even more confident.
200 billion Korean won, at the current exchange rate, is at least 1600 million US dollars.
Even for a listed company, this is not a small number!
Moreover, what about a small company like "Mars Technology"?
"That's enough. Our company's game is in its final stages of development and will be running smoothly next year! The cash flow problem will naturally ease then!"
Kim Jung-tae was right about this. Game companies like theirs, which have hit games, will have a steady stream of cash flow as long as they have enough time.
"I'm a little curious, given your company president's capabilities, how come you can't get this much money from the bank?"
"This... is mainly because several companies are asking for exorbitant prices!"
Kim Jong-tae's words were somewhat vague, but Lee Ho-yong silently kept them in mind.
His intuition told him that things weren't as simple as Kim Jung-tae had said!
"What conditions did they offer?"
"They actually want our president to use 30% of the shares as collateral. If you were in their shoes, could you accept that?"
Kim Jung-tae said indignantly, as if banks were demons that devour people without spitting out the bones!
Hmm, that description doesn't seem wrong!
"That's absolutely outrageous!"
Li Haorong chimed in.
Indeed, this is the case. Although Nexon is not yet publicly listed, how could its market value be so low?
"What if I could afford it?"
Li Haorong doesn't even have 100 million yuan in his pocket, yet he dares to say he'll lend 20 billion yuan to others without batting an eye.
"So what is the price?"
"Every gift that fate bestows has a price tag attached in secret"—how could Kim Jong-tae not know this?
"Besides the necessary stock collateral, I need you to transfer the distribution rights for 'KartRider' to The9!"
-----------------
In the chairman's office of Nexon, Kim Jung-ju stood with his arms crossed, quietly watching Kim Jung-tae.
"Can his identity be confirmed?"
"It's impossible to confirm, but he does know Lee Yoon-hyung and Lee Kun-hee, so he should have close ties with Samsung."
"If he really has a special relationship with Samsung, then he should know that we've invested all our money in real estate. Under those circumstances, why would he still be willing to lend us money?"
Kim Jong-ju asked in confusion.
"Could they have other intentions?"
Hearing the chairman's analysis, Kim Jung-tae also felt a little scared.
"Zhengtai, do you think Samsung might want to acquire Nexon in one fell swoop?"
"Really? Only 15% of the shares need to be pledged!"
"Perhaps they have already acquired the shares from other shareholders?"
Starting from scratch on the peninsula, the biggest challenge is dealing with chaebols (conglomerates).
They are like a pack of ungrateful wolves, frantically devouring any company with the potential to make money.
Since establishing Nexon, Kim Jong-ju has been fighting against various chaebols on the Korean Peninsula.
Therefore, he was most worried whenever he dealt with chaebols.
"Should I refuse him?" Representative Kim asked tentatively.
"Don't rush to agree. Keep him at bay while we find out about the shareholders' situation!"
You'll Also Like
-
What if you are reborn as a demon after a funeral?.
Chapter 610 2 hours ago -
I'm at the top of One Piece
Chapter 674 2 hours ago -
Dragon Raja: Starting with acquiring Orochi, a counterattack against the gods.
Chapter 356 2 hours ago -
Marvel's female superheroine travels through multiple worlds
Chapter 310 2 hours ago -
A fan of crossover anime, I will never die in a chaotic situation.
Chapter 816 2 hours ago -
I just returned to Konoha and found that my entire clan was gone.
Chapter 247 2 hours ago -
Crossover Anime: How a Shameless Person Lives
Chapter 305 2 hours ago -
Primordial Era: From the Creation Lotus to the First Disciple of the Three Pure Ones
Chapter 130 2 hours ago -
Primordial Era: Taking the blame to become a saint, proving one's path through eccentricity!
Chapter 364 2 hours ago -
Many children, many blessings; my family helped me win over the ultimate fairy.
Chapter 566 2 hours ago