Korean TV series: King of Peninsula 1997

Chapter 259 Covenant
"Also, we can't just talk about the specific process," Li You smiled, his words echoing in the conference room, his smile revealed a hint of unquestionable, "We have to do formal business, even if it's a gray business, we have to follow the official procedures."

The second document was distributed, and everyone began to look through it, accompanied by a slight rustling sound.

Li You said directly, "We will register a shell company and pool the ownership of your properties into this company."

"Everyone will invest in a group company, but each store will still be run by you."

Everyone was stunned and thought for a while.

In fact, their alliance is not much different from a company, with one boss and the rest of the people holding some real power.
However, if everyone invests in a company and truly shares common interests, there will not be the fragmented situation as before, and the benefits seem to be greater.

Someone asked, "Then what about us?"

"Don't be afraid that I will swallow up your business," Li You laughed twice, "you can each invest and do what you should do."

"The Kinmen Group is now a big tree, and the profits you bring may be considered weeds."

Although there was blatant contempt, people didn't have any objections. After all, the law of the jungle was what they had always experienced.

The non-integrated industries will just each invest in a new company, and each will still be able to control their own industries. There is nothing they cannot accept.

As Li You explained, the atmosphere in the conference room gradually changed from tense to a tacit consensus.

They began to calculate in their minds how much benefit they could gain if they pinned their own interests, risks, and expectations on this thin document.

And this document, like a contract, binds them tightly together and enables them to advance and retreat together.

"As for the name." Li You thought for a moment, "How about calling it Modern Industry?"

Naturally, no one objected to this, but there were always people who secretly complained in their hearts.

Many people know that Li You is the major shareholder of Future Electronics. Now he has set up Modern Industry. Will there be any "Past XX" in the future?
But even though he thought so in his heart, he said honestly, "We are fine, President Nim."

"That's right," Li You smiled, "I'll have someone go to your place tomorrow to estimate the equity ratio so that we can formally sign the contract."

"You can estimate the value of the industry in advance, don't say that my family is big and powerful and bullies others."

Doing so will also attract other small gangs that did not receive an invitation.

After all, who wouldn’t want to come if they could make more money?

It is better to be a knife for Li You openly than to be a dog for those sinister politicians and executives.

Li You tilted his head slightly, his eyes drifted towards An Shangjiu, and he subtly gestured to An Shangjiu.

An Shangjiu understood the silent message and nodded slightly. He went out to get ready. The figures outside the door flowed like water, and the waiters in fine clothes walked in.

Following An Shangjiu's call, the neatly dressed waiters began to serve wine to the people inside. The waiters moved around, keeping a proper distance.

The tense nerves of everyone in the conference room gradually relaxed.

The light shines on the carefully arranged conference table, and the exquisite high-heeled glasses and amber wine arranged on the table emit a faint glow.

As Li You stood up, other participants stood up one after another, and their voices echoed in the quiet conference room.

Li You stood up from the head of the conference table. His figure looked particularly tall under the lights. He raised his glass high and said, "Congratulations, everyone. You are on the right path."

"Cheers." Everyone paused for a moment. They had never heard such a toast before. Although they were surprised by this sudden toast, they still raised their glasses and said to Li You, who was sitting at the first table. "Cheers!"

The sound echoed in the conference room for a long time.

After the show, these people said goodbye to Li You one by one before leaving.

The office seemed empty and quiet after the show, with neon lights outside the window shining through the gaps in the curtains.

Li You lazily leaned back in his chair, and lamented about the meeting. "I deal with those upper-class people all day long, but I still feel it's easier to talk to these rough guys on the street. Those upper-class people's words are full of traps, and it's really tiring to communicate with them."

Cui Douri smiled and said, "This shows the ability of the president. If it were us, we might not be able to understand the intricacies of the words of those upper-class people."

"President Nim, fourteen companies have already signed contracts."

Choi Doo-il pulled a lighter from his pocket and lit the cigarette with a click.

After lighting the cigarette, Choi Doo-il handed it to Lee Woo. The two stood in front of the floor-to-ceiling window, looking at Seoul outside the window. It was now gradually entering autumn, and the evening sky was dyed soft by a faint golden glow.

"Nearly half of the local bosses in so many cities in Gyeonggi Province are already members of the alliance."

Li You smiled and shook his head slightly, "Not enough."

Cui Douri said bluntly, "President Nim, those people on the official front are not making any moves now. Could they be planning some big move?"

"It's unlikely," Li You denied this statement. "We in Kinmen are still at the center of the storm. It's too sensitive. So many people are watching our actions, and we are watching them in return."

Li You looked out the window indifferently, "Even if it's a simple alliance, they are very vigilant in their hearts, but they can't do anything about it."

"The Kinmen Group is no longer something they can take down through commercial means, and their military strength is even more incomparable to ours," Li You exhaled a puff of smoke. "They really want to take action, but coincidentally, all parties are now checking each other."

Cui Douri nodded, "As for Cui Wuzhen, he has stopped the partnership with Japan's Sanwangkai and will no longer sell white powder."

Li You said calmly, "The alliance has already been established. He can't go against my words and take the risk to continue."

Cui Douri was silent for a while, "President Nim, what should we do next?"

"After the official alliance, Gyeonggi Province and even further away can see the big flag we have erected here. What we need to do is to continue to expand and absorb more people into the alliance."

Cui Douri smiled and said, "I have looked at the accounts for this month. Those who have signed contracts have earned 40% more than before. This is just the beginning. They will earn more in the future."

The gray industries that are combined together include nightclubs, KTVs, saunas, massage parlors, etc., and some color industries are vaguely involved.

"Now they have tasted the sweetness," Li You returned to his seat while smoking and nodded slightly, "These people have realized the benefits of combining resources and making more money. In the days to come, they will even take the initiative to attract more people to join, forming a virtuous cycle."

"You are very important to the alliance, Dou Ri," Li You stared at Cui Dou Ri, "You are my spokesperson in the alliance, responsible for the operation of these gray industries."

"You are very good at this, and I trust you to do your job. I hope you can do better and better."

Cui Douri was stunned for a moment and threw away the cigarette butt in his hand. "President Nim, I will never let you down."

On September 6, a new company was quietly registered in Seoul, and the Golden Gate Group, as the major shareholder, announced a partnership statement.

The company's business scope mainly includes operating various entertainment and leisure venues, covering nearly half of the cities in Gyeonggi Province.

(End of this chapter)