Korean Entertainment: Perfect Cheating Life

SM company was founded not long ago and is still small in scale. For Kim Min-soo, it is easy to find out its current operating status.

SM's largest shareholder is Lee Soo-man, who is not only SM's general chairman, but also a singer and host who was once a household name in the peninsula.

Kim Min-soo found this person somewhat interesting.

Over the years, Li Xiuman has had a unique vision and is more sensitive than ordinary people to the preferences of the younger generation.

He retreated from the program hosting industry to behind the scenes, successfully completed the transformation from singer to producer, and personally cultivated many high-profile "idols".

In 1988, Lee Soo Man signed his first artist, Hyun Jin Young.

Just as Li Xiuman wished, this artist shined on the stage and became popular in the peninsula as soon as he debuted.

But the good times did not last long. Hyun Jin-young was sent to prison for drug abuse for the second time, which left a painful lesson for Lee Soo-man and the SM company he founded.

However, Hyun Jin-young's incident did not affect Lee Soo-man.

He became even more convinced that his idea was correct and stuck to it in the following years.

Lee Soo-man, who graduated from an engineering school, advocates modern industry. Starting with Hyun Jin-young, he firmly believes that artists can be produced through standardized procedures.

In order to effectively control the behavior of his artists and reduce potential risks, he added many special clauses to the idol groups he subsequently formed, some of which could be called harsh.

The company will participate in the daily life management of the idols to prevent them from dragging the company into the abyss again due to bad habits.

In 1995, Lee Soo-man launched the famous idol group HOT.

This group is well-known and was once the top group in Peninsula. Kim Min-soo is also well-known.

In just a few years, SM company launched many idol groups.

Including HOT, a group that was once popular in Asia;

As well as popular superstars who are household names such as SES and Shinhwa;

Of course, there are also groups like MILK and Shinvi who were shelved because they did not make enough money.

HOT disbanded in 2001.

SES disbanded in 2002.

After the contract expired in 2003, the Shinhwa group resolutely left SM and joined a new company.

Lee Soo-man was in urgent need of finding a new popular boy group to replace them, and thus, the group TVXQ came into being under this background.

Kim Min-soo reviewed the contract with SM Entertainment again with great interest. The complicated terms and harsh restrictions made him frown.

Through these terms, he could still keenly perceive the characteristics of this company - producing idols of standard industrial type, who are capable, well-behaved and obedient.

He wanted to take over and acquire the company, but the key actually lay in the character Li Xiuman.

Li Xiuman owns 70% of the company's shares.

Many years ago, Lee Soo-man embezzled a large amount of money from SM company through the LIKE project he presided over.

This incident led to him being listed as a suspect by Interpol in 2003, and Li Xiuman was sentenced to two years in prison, suspended for three years.

Judging from the financial report alone, SM's performance is not good.

The company has been losing money for three consecutive years since 2002 until now;

Especially this year, the operating profit showed a negative profit of 5.88 million won, and the outlook is worrying.

Faced with such a messy company, even Kim Min-soo would feel it is a hot potato if he took over.

"Hey Yigu..."

Feeling a little tired, he turned to his lovely daughter.

Although still young, Kim So-min already has an elegant sitting posture.

She kept her back straight and sat upright and serious.

Seeing Kim Min-soo's gaze, Kim So-min gave him a sweet smile.

Jin Minzhu said to her in a negotiating tone: "Baby, SM's requirements are very strict."

Since she was a baby, Kim So-min has always gotten what she wanted.

It was then and it is now.

She blinked, her amber eyes misty, tilted her head and said as a matter of course: "But Dad, as long as you buy it for me, won't the problem be solved?"

The only thing Kim Min-soo felt guilty about was his little daughter, and he couldn't harden his heart.

"If you really want to be an idol, daddy will set up a new company for you, okay?"

The task requirements clearly stated "SM", and Kim So-min shook her head firmly to express her opposition.

Unable to persuade his daughter, Kim Min-soo could only calculate the purchase cost.

100% of the shares are worth about 1800 billion Peninsula Dollars, and he only needs to get a 40% controlling stake.

Even if it was him, it was not possible for him to take out this large amount of liquid cash whenever he wanted.

Jin Minzhu raised his hands helplessly, expressing his compromise: "After giving you this company, you can only get one house in Cheongdam-dong, and you will not have any pocket money until you reach adulthood."

Upon hearing this decision, Kim So-min was so happy that she almost jumped up.

"Wow! That's awesome! I love you daddy!"

She ran over and excitedly left a kiss on his face.

Kim So-min doesn't need pocket money, and she has no shortage of a house.

For Kim So-min, living in a luxury house and wearing high-end clothes are just commonplace. Her family has already prepared all the necessary daily necessities for her.

As early as when she was born, there was a luxurious villa in Cheongdam-dong, and her mother also bought her a manor in the United States.

She didn't need the house that Kim Min-soo mentioned.

Even in kindergarten, if she wanted something, she would just ask the younger brothers for it.

Her younger brothers were also princesses and young masters who were born with a silver spoon in their mouths. No matter what happens, she will not suffer any loss.

----

TVXQ is undoubtedly another successful group created by Lee Soo-man. They have caused a heated response since the day they made their debut.

Not long after the group debuted, their total album sales ranked second on the charts of the year.

For the complacent Li Xiuman, this achievement did not bring him much happiness - because a phone call completely broke his happy mood.

The anger on his face was extremely obvious: "Ah Xi, these bastards."

The company's small shareholders sold all their shares, and the speed at which these people acted made him feel panic for the first time.

The phone rang again. Lee Soo Man frowned and answered the phone with dissatisfaction.

"Hello."

A deep male voice came from the other end of the phone, and what was said made Lee Soo-man's expression change.

"Director Lee Soo Man, I'm Kim Min Soo. Or in other words, I'm the one who acquired some of your company's shares."

His name is Kim Min-soo...

Lee Soo-man quickly searched for information about him in his mind and immediately realized that this was one of the chaebols that the peninsula must not mess with.

Among the chaebols, this Kim Min-soo tops the list.

He couldn't maintain his attitude and didn't know how he had provoked this big shot.

Not only is Kim Min-soo the head of a four-star chaebol, his family is also closely connected to the people living in the Blue House today.

The most important thing is that CJ E&M, a subsidiary of the Six-Star Chaebol Group, is considered to be the largest resource platform in the entertainment industry of the Peninsula.

Li Xiuman smiled and said, "I've heard a lot about you, President Jin. What can I do for you?"

"Director Xiuman, my daughter wants this company. Please give in for the sake of a father."

Li Xiuman cursed inwardly: Ah Xi, how could I give in!

But he had to give in.

There was a news report about such an incident a few days ago.

Kim Min-soo loves his baby daughter to such an extent that he even uses his daughter's photo as his phone screen at Asian conferences.

He even showed off to the business tycoon next to him: "See, this is my daughter. How cute is she?"

Because his behavior was too daughter-driven, he caused heated discussion on the Peninsula Internet.

These damn second-generation chaebols are so lucky. Whatever they want can happen, there is always someone to help them realize their ideas!

Li Xiuman frowned tightly: "This..."

Kim Min-soo on the other side smiled softly: "Director Li, do you mind talking to me about future business operations planning tomorrow?"

It sounded like he was asking for opinions, but in fact his tone was firm and difficult to refute.

Li Xiuman hadn't experienced such a frustrating scene for a long time.

He gritted his teeth, knowing clearly that the right to choose would never be in his hands, but still pretended to be happy: "Of course, of course."

Kim Min-soo didn't hesitate to promise him a blank check.

"You will get the result you want... For example, your suspended sentence may be directly cancelled due to a miscarriage of justice."