Peninsula: It’s just a dream, are you serious?

Chapter 231 What are you doing here? (Seeking double monthly votes from Huanglongmeng 36)

After some writing and drawing, Chen Yan circled the words "J.Tune Entertainment".

The KOSDSAQ listed company that JYP acquired through a reverse merger, mentioned in that article, is this company.

The so-called KOSDAQ is actually the Peninsula's growth enterprise market, which specifically provides listing opportunities for high-potential small and medium-sized enterprises in the Peninsula.

Compared to the KOSPI, the main board market in the peninsula that primarily lists large, established companies, the listing standards are relatively lower.

Turn on your computer and search for "J.Tune Entertainment" on the Peninsula's KOSDAQ platform; a series of related information will pop up.

Then I opened a new webpage and checked out information about JYP Entertainment.

After careful comparison, Chen Yan discovered that the company was indeed as described in the article in his dream, with Park Jin-young and some directors of JYP being the largest shareholders of J.Tune Entertainment.

Furthermore, information shows that Park Jin-young himself and miss A are currently artists under this company.

In February 2011, J.Tune Entertainment was renamed JYP Entertainment.

After carefully learning about the company's information, Chen Yan looked at another underlined word on the paper he had just written on—Loen Entertainment.

This company is the one where Lee Ji-eun works, and it is also a subsidiary of SKT Group, one of the largest listed groups in the Korean Peninsula.

In fact, this company is a music distribution company, not a professional management company.

The article in the dream mentioned that after LOEN Entertainment took over the operation of Melon, the largest music streaming website on the Korean Peninsula, from its parent company SKT Group in 2008, it attempted to acquire talent agencies on the basis of its music streaming business in order to expand its business empire.

JYP is LOEN's ideal target.

Because Loen already held JYP shares purchased from the parent company SKT Group, he was JYP's second-largest shareholder.

If they acquire more shares, they can surpass Park Jin-young and become JYP's largest shareholder, at which point the acquisition will be completed naturally.

Park Jin-young clearly sensed that his position and power were threatened, and naturally he was unwilling to sit idly by and wait for his doom. So he came up with a plan to go public through a reverse takeover to save himself. Finally, he successfully went public in October 2013 and escaped the fate of being acquired.

With his eyes fixed on the computer screen and his mind replaying the contents of the article, Chen Yan tapped his fingers lightly on the desktop, a thoughtful expression on his face.

This might be a good opportunity, as the analysis in the article suggests that JYP's current situation is not very good.

After a moment of contemplation, Chen Yan refocused his gaze and glanced at the time at the bottom of the computer screen: 7:08.

At this time, my dad is probably having breakfast at home. It's Saturday, and I don't have to go to work. No rush, I'll call him later.

With this unexpected gain, Chen Yan smiled, felt refreshed, got up and stretched, then turned and walked towards the bathroom.

After washing up and having breakfast, it was past eight o'clock when Chen Yan picked up his phone and dialed his father's number.

"Hey"

"Hey, Dad, I need your help with something."

"What is it?"

"I heard a couple of days ago that JYP Entertainment, where I work now, seems to be having some financial problems these past two years. Could you find someone to find out the specifics?"

Chen Yan couldn't be too blunt and reveal everything about J.Tune Entertainment, JYP, and the backdoor listing, otherwise it would be difficult to explain the source of the information.

Just mention that the financial situation is not good, and Mr. Chen will naturally send someone to investigate in detail.

"Understood, I'll have someone check it out in a bit," Mr. Chen replied calmly on the other end of the phone.

"Okay, thank you Dad."

The two chatted for a few more minutes, then Chen's mother took the phone again. Chen Yan chatted with his mother for a while before hanging up.

Putting down his phone, Chen Yan turned to look out the window.

Blue skies, white clouds, bright sunshine, and the occasional birdsong—it's perfect weather for going out. I'll write some songs at home in the morning, then go to the gym for a workout in the afternoon, and maybe take a walk outside while I'm at it.

His two girlfriends were busy with their schedules and he didn't have time to be home, so he was bored staying at home all day by himself.

Having roughly planned out the day's events, Chen Yan tidied up the dishes and then returned to his bedroom, sat down at his desk, and began working on a new song in front of his computer.

SM Entertainment sent him a collaboration invitation for EXO's first full-length album. Knowing it was a good opportunity, he has been trying to write songs these past few days.

But after writing only a little bit, he felt dissatisfied and deleted it all.

Fortunately, Chen Yan knew that he couldn't force himself to write if he didn't have inspiration, so he didn't feel frustrated or anything.

I wrote a passage that I wasn't satisfied with, deleted it, and then, having no more ideas, I went straight to watch movies or read novels.

The main principle is to avoid internal conflicts.

Just like now, after sitting in front of the computer for half an hour without any ideas, Chen Yan decisively turned off the music production software.

Then I opened the video app, found a movie, and started watching it with great enjoyment.

It wasn't until the movie ended that it was almost lunchtime.

Chen Yan turned off the computer, got up, walked out of the bedroom, and headed towards the kitchen.

I made myself a simple bowl of stir-fried rice cakes, ate it quickly, and was just about to get up to clear the dishes when my phone rang.

Seeing that it was his father calling, Chen Yan quickly answered the phone: "Hello, Dad."

"Yes, I've found out what you asked me to investigate. JYP's financial situation has indeed been bad for the past two years, and there are other hidden dangers besides that."

"What potential danger?" Chen Yan asked, pretending not to know anything.

"Based on the information gathered from the investigation..."

Then Chen Yan listened to his father analyze the current situation and potential problems facing JYP.

In terms of finances, Park Jin-young ambitiously took Wonder Girls to the US market two years ago because of the song "Nobody," but failed to make any name for themselves and even lost the Korean girl group market, resulting in the company incurring huge debts.

Another aspect is the external threat from LOEN that Chen Yan learned about in his dream. After investigation, Chen's father also learned about the existence of J.Tune Entertainment and realized that Park Jin-young wanted to protect the company from being acquired by going public through a backdoor listing.

After listening to Chen's father's analysis for a while, Chen Yan pondered for a moment before speaking, "Dad, do you think there's any opportunity to take advantage of this?"

"Do you have any ideas about this company?"

"Well, JYP is one of the three major entertainment companies in the peninsula, so it has a certain foundation."

This is, after all, a foreign country, and it would be best for him, a Chinese person, to have support locally.

Besides, both of his girlfriends are in the industry now. Chen Yan originally planned to make a name for himself as a music producer first, and then see if there would be any suitable opportunities later.

Now that an opportunity is right in front of him, he naturally has ideas about it.

After a moment's thought, Mr. Chen said, "Alright, I understand. I'll have someone keep an eye on that area and make a move when the opportunity arises."

The father and son chatted for a while longer before hanging up the phone.

Chen Yan put down his phone, smiled at the bright sunshine outside the window, then turned around, went back to his room to change his clothes, and drove to the gym.

Entering the gym, Chen Yan smiled and nodded to the receptionist before heading towards the treadmill area.

After walking past a treadmill and taking two more steps, I suddenly stopped and turned back.

After recognizing the figure on the treadmill, he grinned and walked over to greet him, "What are you doing here?"

(End of this chapter)