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 450 Cao the Traitor

Upon returning to South Korea, Im Woo-jae was quickly appointed as the vice president of Samsung Electronics. This was clearly due to connections; otherwise, how could someone who was a bodyguard and couldn't even learn English be competent for the position of vice president?

As it turns out, Liu Shan was simply not capable of being helped. Ren Youzai was incompetent and arrogant, relying on his status as the "son-in-law of the emperor," which offended a large number of veterans of the Samsung Group. This not only brought shame to his father-in-law, Lee Kun-hee, but also had a significant negative impact on the development of the Samsung Group.

Im Woo-jae's career was a disaster, and his behavior at home was even worse. In 2002, 27-year-old Lee Boo-jin gave birth to a son. During her pregnancy, Im Woo-jae frequently verbally abused her and sometimes even physically assaulted her. In order to maintain the appearance of harmony in the family, Lee Boo-jin chose to endure it.

In 2003, South Korean actress Jang Ja-yeon committed suicide. During the investigation, the police discovered that she had 35 phone calls with Im Woo-jae, which coincided with the time when Lee Boo-jin was pregnant.

Domestic violence, infidelity during pregnancy—these are common tricks of bad men, and Im Woo-jae has them all. After seeing her husband's true colors, Lee Boo-jin finally understood why her father had so earnestly advised her to break up with him.

Like many women who endure tragic marriages for the sake of their children, Lee Boo-jin did not easily file for divorce. She still gave Im Woo-jae a chance, hoping that he would one day turn over a new leaf.

But she misjudged Im Woo-jae. This man had long since stopped loving her. The only reason Im Woo-jae was still maintaining the marriage with her was for money.

Having lost all faith in her marriage, Lee Boo-jin finally decided to divorce Im Woo-jae, but he immediately asked for 7 billion won!

Lee Boo-jin's net worth at the time was exactly 14 billion won. The vast majority of these assets came from her operations of the Shilla Hotel and Samsung Everland, with a portion also coming from gifts from her father, Lee Kun-hee. Very little of it was truly joint property of the couple.

Even if Lee Boo-jin is incredibly foolish, she would never allow Im Woo-jae to take 7 billion won, so she chose to take legal action.

On January 14, 2006, the South Korean court issued a first-instance ruling in Lee Boo-jin's divorce case: granting Lee Boo-jin and Im Woo-jae a divorce, awarding custody of their elementary school-aged son to Lee Boo-jin, but requiring her to pay Im Woo-jae 8.6 billion won in compensation.

After the court ruling, Im Woo-jae expressed his dissatisfaction and immediately appealed, still insisting on receiving half of his wife's assets.

On September 26, 2009, Lee Boo-jin's divorce case finally reached its second trial verdict. The court upheld her divorce petition, and custody of their son remained with her. However, the compensation awarded to Im Woo-jae increased to 14.1 billion won (equivalent to approximately 80 million RMB at the time). After a five-year legal battle, Lee Boo-jin finally got rid of her ex-husband, Im Woo-jae.

Lee Boo-jin married a poor bodyguard against her father's wishes, believing she had married for love, but she never expected to suffer domestic violence and infidelity. Just 15 years later, she regretted her choice and ultimately paid 80 million won to escape.

Love may be unrelated to wealth, but marriage certainly isn't, and Lee Boo-jin's failed marriage is the best illustration of this. Fortunately, she woke up in time and successfully dumped Im Woo-jae. Although 80 million is a huge sum, it's just a drop in the ocean for Lee Boo-jin, whose net worth is in the billions. But that's another story.

Just as Im Woo-jae was getting into the swing of things, Lee Boo-jin interrupted him with an unfriendly expression.

"I have important business to discuss with Mr. Shen. You should go home first."

Although Ren Youzai was very unhappy to hear this, he still obediently left the private room.

Shen Fang smiled at Li Fuzhen: "I find this quite interesting. Why did Miss Li let Mr. Ren leave?"

Lee Boo-jin glanced at Shen Fang: "Interesting? I think I see the look in Mr. Shen's eyes as if he's playing with a clown."

Shen Fang's lips curled up slightly: "How could that be? I admire Mr. Ren very much. He was able to rise from a lowly security guard to marry the princess of Samsung, transcending social classes. He is a role model among men. If I were him, I would be so happy that I couldn't sleep every night."

Lee Boo-jin was furious at the joking look in Shen Fang's eyes.

"Mr. Shen, let's get down to business."

"no problem."

"Regarding your desire to acquire shares in SM Entertainment, President Kim and I have agreed, but the price will have to be increased to 25 million US dollars."

Shen Fang glanced at Lee Boo-jin: "Miss Lee, aren't you asking for too much?"

Lee Boo-jin smiled slightly: "I don't think so. SM Entertainment still has great potential. I've investigated and found that Mr. Shen has media companies in China, Hong Kong, and Europe and America. The industries he's involved in are quite large, and he has a lot of influence. What you want to do is a global layout. Acquiring SM Entertainment is something you're determined to do. If you buy shares in SM Entertainment, we at Kakao will also provide some assistance. You know, it's very difficult for foreigners to develop in the local market without the help of locals."

"Miss Li investigated me? Does Miss Li know what happened to those who threatened me?"

Lee Boo-jin smiled slightly: "I don't know, and I don't want to know."

Shen Fang chuckled: "Alright, consider this my apology to the beautiful Miss Li. I was so presumptuous to stare at such a big beauty for so long. Consider it an eye-pleasing fee."

"Mr. Shen is really generous. Am I that valuable? You think a single glance is worth 5 million US dollars?"

Shen Fang nodded: "It's worth it, absolutely worth it. A beauty's smile is worth more than a thousand pieces of gold."

Lee Boo-jin smiled brightly.