Peninsula: Don’t just fall in love on Fridays

Chapter 488: Turning the tables and becoming the master (2/2)

Inside the meeting room of JYP Entertainment.

When Park Jin-young received a call from the front desk receptionist, his expression became nervous.

Although he would not resort to any unethical means to force his artists to stay, he still desperately hoped that Do Hwan could stay.

There is no other reason, the company just needs him.

Several major shareholders of the company also looked nervous, as their ideas were different from those of Park Jin Young.

As a pure businessman, he naturally hopes that Kang Do Hwan, a cash cow linked to the company's stock, can stay in JYP Entertainment forever.

However, in order to keep this cash cow, they also made great concessions in the contract this time.

For example, if the contract is renewed for 2 years, all income will be shared between the company and the individual in a ratio of 3:7.

As the company's largest shareholder, Park Jin-young was determined to give out 50,000 shares as a renewal gift.

Even so, he was still unsure and worried that such a contract would be rejected by Do Hwan.

dong dong dong.

After hearing the knock on the door, Park Jin-young instantly stood up from his seat, cleared his throat and spoke:

"Come in, Do-hwan."

After Jiang Zhaohuan pushed the door open, he was a little surprised to find that not only was Brother Zhenrong inside, but also the company's senior executives.

This is the first time I have seen such a complete group of senior executives of a company.

Without any stage fright, he calmly walked to the empty seat, without rushing to express his attitude, and reached out to take the contract renewal handed to him by his assistant.

The content of the contract is much better than the previous one, and it can be seen that the company is really eager to keep me.

Jiang Zhaohuan observed the changes in the expressions of the senior executives around him out of the corner of his eye. He deliberately slowed down his reading even though he had already finished reading.

He tried hard to suppress the urge to laugh and took out the pen he had prepared from his pocket.

However, Jiang Zhaohuan did not sign. After he put the pen on the contract, he looked up at the people in front of him and said slowly:
"In fact, I wanted to renew the contract with your company from the very beginning. I had this idea last year."

Hearing this, everyone breathed a sigh of relief.

The corners of Park Jin Young's tense mouth relaxed a lot, and he was able to force out a not-so-pretty smile.

"However, I have certain requirements for renewing the contract, which is——"

Jiang Zhaohuan leaned back in his office chair, twirling the pen in his hand with a smile in his eyes.
"I hope the company can pay more attention to the actor department and hand over the management rights to K.Star Group."

As soon as these words came out, the senior executives present all showed surprised expressions, and they all wondered if they had heard it wrong.

To whom? K.Star Group?

After hearing this, Park Jin-young remembered that someone had been buying up scattered shares during this period.

He did not consider Jiang Zhaohuan, nor did he expect that he would have the idea of ​​"turning the tables and becoming the master".

Since last year, Jiang Zhaohuan has entrusted Lao Song to find the investment team under the group to help acquire the scattered shares of JYP Entertainment.

It is impossible to surpass the second largest shareholder, the National Pension Fund, in a short period of time.

But there is no problem in maintaining the position of the third largest shareholder.

Moreover, Netmarble, which originally held a 4.9% stake, also sold 4% of its shares after K.Star Group took the initiative to contact it.

The reason for doing this favor is that the company is creating an open world mobile game with a high degree of freedom.

The game type is also mainly based on the Western fantasy theme that the company is good at. The protagonist is set as an apprentice knight, and he can freely choose his camp and route as he grows.

Now that Netmarble has teamed up with K.Star Group, it no longer has to worry about issues with its capital chain and R&D team.

After Kang Do-hwan shared his ideas with the senior executives present, everyone felt that it was a reasonable policy for K.Star Group to intervene in the half-abandoned actor department.

At least there was no need to worry about the fashion resources of the actors. And most importantly, K.Star Group was only responsible for managing the actors and would not interfere in other matters.

Park Jin Young actually never wanted to give up being an actor, but he is a music producer and not good at acting.

Therefore, he was of no help at all in dealing with matters related to the actors.

Now there is a more professional team to help with management, and as the president and largest shareholder, he must be happy about it.

This was a good thing that killed two birds with one stone. He was so happy that his eyes narrowed into a line and he couldn't even retract his upper teeth.

After Kang Do-hwan handed the signed contract to his secretary, he smiled and shook the hand that Park Jin-young extended to him.

Thinking that he was now the third largest shareholder of the company, he couldn't help but joked:

"Brother Zhenrong, now I can really call you brother easily."

Originally he was just a "worker", but now he has become a shareholder with a say, and his identity and status are different.

It feels great to be the master.

Park Jin Young was stunned for a moment, then he laughed twice and patted Cho Hwan on the shoulder and said:
"Hahahaha! Even if you're not, you can still call me brother. You're just too polite. Every time there are outsiders present, you call the president nim."

"Whether or not it has come to this, there is no way to be careless in this country, right?"

Park Jin-young nodded when he heard this. He knew very well the importance of the word "politeness" on the peninsula.

As a public figure, you must observe etiquette to the utmost so as not to give others any chance to hold you accountable.

After the contract renewal was completed, Park Jin Young waved his hand and invited everyone present to have dinner together without any concealment.

This group of people took Kang Do Hwan out on the street, as if they were shouting through a loudspeaker: Listen up, people from other companies, Kang Do Hwan has renewed his contract with our JYP Entertainment, take back all the olive branches you have thrown out!
Park Jin Young even let Kang Do Hwan ride in his favorite car, the extremely flashy pink Maserati.

While driving, he thought about his promise to give away shares. Even though Zhaohuan already held enough shares to become the third largest shareholder, he had to fulfill his promise.

"Zhao Huan, I have already decided to give you 50,000 shares. Can we sign the equity donation agreement when we have time?"

Giving away shares is not something that can be done simply by raising your hand; there are procedures that must be followed.

Jiang Zhaohuan did not intend to take the 50,000 shares directly. He rested his chin on the car window and expressed his thoughts.

"Brother Zhenrong, I want to deposit these 50,000 shares with you first."

"Oh? Do you have any ideas?"

"JYP Entertainment doesn't like to use tough measures to retain employees, so it uses shares as bait. There is no employee who doesn't hope to own shares of the company one day."

"Hahaha, you want to give the reward to the actors department?"

"Yes, we'll give it to whoever makes a difference. Fifty thousand shares can be given to at least three or four people."

Park Jin Young smiled and nodded. If the other party had not been Kang Do Hwan, if it had been anyone else in the company, he would have taken out at most 20,000 shares.

As the president of the company, he is actually a little conflicted.

JYP Entertainment's stock has soared, and he should be happy.

But I can think of buying back the company's shares at a higher price to ensure that the company does not deviate from the philosophy when it was founded.

Whenever this happens, Park Jin Young wishes the stock market would drop back to where it was before liberation overnight so he can go on a buying spree and then have the stock market soar again the next day.

But now he doesn't have to worry about this. With Do Hwan joining, JYP Entertainment will probably get better and better.

He also believed that Do Hwan's philosophy was the same as his own and that he would not go astray like some companies.

Thinking of this, he felt that the future was bright.

Woohoo, I can finally happily buy a house and a car.

(End of this chapter)