From Becoming Penguin's Major Shareholder to Building an Entertainment Empire

Note that this book is a slow-burn novel, and it will become increasingly exciting as the story progresses.

It starts from 2002, beginning at the Beijing Film Academy, and starting with the H...

Chapter 445 KAKAO

"President Lee, what brings you here today?" Kim Bum-soo asked, sitting on the sofa and looking at Lee Soo-man standing in front of him.

To be honest, Kim Bum-soo didn't think much of Lee Soo-man, a nobody like him, especially since SM Entertainment was suffering losses year after year. In his eyes, such a useless subordinate was less than a dog. Expanding into the entertainment industry wasn't what he wanted; he wanted to become an internet tycoon. Technology was the primary productive force of the future, and the internet was the future of the world. His involvement in the entertainment company was merely a series of acquisitions at the behest of his employer.

For entertainment companies, they are nothing more than money-making machines, a means for conglomerates to choose their playthings.

Lighting a cigar, Kim Bum-soo looked at Lee Soo-man and said, "I am very dissatisfied with the current situation of SM Entertainment. President Lee, you should take a break for a while."

Upon hearing this, Lee Soo-man's expression shifted from rage to helplessness. When he founded SM Entertainment, he sought out Kakao for growth, who acquired most of his shares. Lee Soo-man had hoped to benefit from Kakao's powerful backing, but Kakao not only invested in his entertainment company, but also in his arch-rivals JYP, SB TV, HYBE, YG, and CUBE Entertainment—all well-known entertainment companies. Kakao not only offered no assistance but also orchestrated events within the company, planting seeds of corruption and preparing to seize power at any moment. He was clearly trying to devour Lee Soo-man's hard work.

"President Kim, a foreign investor is interested in investing in SM's future."

Kim Bum-soo's lips curled up slightly: "Investors? Lee Soo-man, I see no future for SM under your control, and investors can't save it either. There's no need to tell me about this."

"President Kim, you've misunderstood. This investor wants to buy your shares."

Kim Bum-soo looked at Lee Soo-man with surprise.

"Buy the shares I own?"

"Yes."

"The other party offered $20 million, and this investor also wanted to invest in KAKAO."

"Investing in Kakao?" Kim Bum-soo's playful expression vanished.

"Yes, President Kim."

"This investor is none other than Mr. Shen Fang, a Chinese internet tycoon!!!"

Kim Bum-soo stood up, looking at Lee Soo-man with disbelief. He hadn't expected Lee Soo-man to be able to find this expert. Kakao itself was a company that started with chat software, so he was naturally very familiar with Tencent, the recently famous company from the neighboring country. Now, Kakao's chat software was in trouble, just like Tencent in its early days, unable to find a profitable business model. Kakao had now begun to imitate Tencent's operations. He had heard a lot of reports about this downfall, and he really wanted to meet this Tencent strategist.

Kim Bum-soo's eyes began to change constantly.

"President Lee, could you please arrange a meeting place? I think it would be better if SM were still under your control."

Kim Bum-soo didn't care about SM's shares. He had invested less than $2 million initially, and now they were offering a 10-fold premium for them. In business, if you can make money, there's room for negotiation. Most importantly, he wanted to meet with Shen Fang.

"Yes, President Kim!" Lee Soo-man's lips curled into a smile. Kim Young-min, let's see what you can do against me!

Lee Soo-man left Kim Bum-soo's office.

Kim Bum-soo sat in his boss's chair, pondering for a long time, before picking up the phone next to him.

"Young Miss..."

Meanwhile, Shen Fang and the girls were already having a great time drinking together. Under Shen Fang's kind and humorous way of speaking, the girls let down their guard and thoroughly enjoyed the rare happy time.

The girls were naturally thrilled to be able to chat and laugh with such a powerful figure. Most importantly, this young tycoon was incredibly friendly and approachable, unlike the typical Korean chaebol who treats people like dirt. And, of course, Shen Fang's good looks also captivated them.

Jung Soo-jung, who was already drunk, was rubbing against Chen Fang with her flushed face.

"Hey, Oppa, you're so handsome!!! I like you so much!!!"

Shen Fang found the drunk Jung Soo-jung incredibly adorable and patted her head.

"I like Krystal too."

Upon hearing this, Krystal Jung was overjoyed and immediately hugged Shen Fang and kissed him. Afterwards, she even made a giant heart shape with her hands.

"Oppa, saranghaeyo." After saying that, Krystal Jung kept giggling.

Shen Fang touched the spot where he had been kissed, and smiled slightly. "This little girl is quite bold."

Jessica, who was standing nearby, couldn't stand it anymore and pulled her sister aside to scold her.

"Krystal!!!"

Krystal Jung, a little tipsy at this point, chuckled and said, "Hey, unnie, what are you doing here? Look how handsome Oppa is!"

Jessica... I've always been here!!!

"I'm sorry, Mr. Shen, my sister had too much to drink. She didn't mean to."

Shen Fang smiled and said, "I really like Xiujing, it's okay. Bin-ge and these pretty girls have all had too much to drink, so please arrange guest rooms for them to rest."

"Okay, boss." Huang Bin got up and left the private room.

Kim Tae-yeon stood up: "Mr. Shen, there's no need to go to so much trouble. Just take us back to our dorm."

"Are you sure?" Shen Fang pointed to the girls who were slumped over the table, their heads resting on the table as if they were fast asleep.

Kim Tae-yeon... what a loser, she drank too much. Actually, it's not entirely the girls' fault. Today, Chen Fang ordered Bordeaux wine that cost $800 a bottle. When the girls found out the price, they all wanted to drink more and enjoy the life of the rich, right? Plus, they're all still young and haven't experienced many drinking parties, so naturally, many of them drank too much.

Kim Tae-yeon wanted to go back to the dorm because she was afraid something would happen to the members. It's not that she thought Chen Fang was a bad person, but it's always good to be cautious.

"Then I'll have to trouble you, Mr. Shen."

Shen Fang waved his hand: "Lanlan, you take care of them. Xiao Kun and I are going to explore Seoul a bit more."

Shen Lanlan gave Shen Fang an OK sign.