The music outside the box came in faintly, and the slightly raised toes rhythmically hit the coffee table in front of her, making a "tapping" sound.
Choi Min-jeong played with the transparent wine glass in one hand, and did not forget to look at Lee Won-bin who was sitting not far away.
His neat, flat suit didn't fit in with the nightclub environment; it looked like he had just finished work...
"This time, firstly, we haven't seen each other for a long time and want to get together, and secondly, I need your help with something small." Choi Min-jeong poured herself a glass of wine, drank it, and said with a smile.
To be honest, she came here today because she really had something to talk to Li Yuanbin about, not just to reminisce about the past.
Upon hearing this, Li Yuanbin sat up slightly and changed into a more comfortable position. The fingers of his right hand rested on his leg and tapped his thigh rhythmically. "I'd like to hear more about it!"
Although his expression showed nothing, his rational brain had already begun to analyze her intentions.
After all, Choi Min-jeong also manages the entertainment industry part of SK Group, which is the Dreams-related industry. So the most likely reason why she came to me was to discuss things related to the entertainment industry.
Thinking about her current identity, Li Yuanbin judged that SK Group might also want to re-enter the entertainment industry!
"I wonder what Won Bin thinks of melon?"
Choi Min-jeong took a deep breath and asked a question that seemed to have nothing to do with her.
really!
Li Yuanbin said in his heart.
Choi Min-jeong's question further confirmed Lee Won-bin's inner guess.
Melon and SK have a very close relationship.
As we all know, melon is the largest streaming digital music platform in the peninsula, and its operating company is constantly working to increase user payment amounts and user stickiness.
Its strategy is mainly based on the peninsula's developed entertainment industry and idol economy industry, stimulating fans to pay for idols' support, opening a melo ticketing channel, and linking with fan clubs. It is the only designated channel for many offline star meet-and-greets, concerts and other activities.
Melon’s status as the leading music source website can also be seen from its weight in major music programs (15%-32.5%).
Melon was initially directly controlled by SK Telecom, along with Loen Entertainment, which SK Group acquired in 2005. In 2008, SK Telecom handed it over to Loen Entertainment, and Melon was incorporated into the larger Loen Entertainment company.
After Loen Entertainment was acquired by Kakao Group, it stood in opposition to SK Group. This is something that any discerning person can understand.
The launch of KakaoTalk has had a huge impact on SK Telecom's SMS business, and KakaoTalk has formed a de facto competitive relationship with SK Group in many business areas.
On the other hand, Loen Entertainment's backer changed from SKT in the communications industry to Kakao in the IT industry. This not only made it difficult to investigate the illegal profits of the former ghost company, but also made the chain of the takeover company Kakao in the entertainment industry more complete.
Li Yuanbin nodded slightly, looked at Cui Minzhen with calm eyes and said, "What about the Melon ghost company incident?"
Choi Min-jeong rolled her eyes at him and said unhappily, "Of course not!"
Melon established a ghost company in 2009 and reaped billions of won in illegal profits from it between 2011. Due to a 2013 Korean law restricting subsidiaries (requiring wholly owned subsidiaries for large corporations to be fourth-tier subsidiaries), SK Group transferred a majority stake in Loen Entertainment, the company responsible for Melon's operations, to a Singaporean private equity fund, which was subsequently acquired by Kakao Group.
"Melon and CJ are too close."
After a little joke, Li Yuanbin finally became serious and spoke calmly to Cui Minzhen without any fluctuation in his eyes.
The reason is that Daum, the second largest portal website merged into Kakao, has a good relationship with CJ and the two sides have reached some cooperation.
Choi Min-jeong didn't deny it. She just picked up the wine glass, drank the wine in it, and exhaled: "That's right, I don't want to lose this cup of gluttony in the entertainment industry just like that. Besides..."
"And after the second-ranked GE Group recently accepted investments from CJ and LG?"
Taking over Choi Min-jeong's words, Lee Won-bin spoke on his own.
Hearing this, Cui Minzhen nodded with an unpleasant expression: "That's right, so we want to seek cooperation!"
Melon, which originally ranked first and held a 40% market share and belonged to SK, has separated from SK and has been very close to CJ in recent years. Genie, which ranks second and holds a 30% market share, has both the lineage of CJ and the backing of the last two of the three major telecom companies in the peninsula, KT and LG.
The three largest telecommunications companies in the Peninsula are SK, KT and LG.
Looking at it this way, SK can be said to be in a very difficult situation now.
Their own "son" Dreamus has not even made a splash, but their rivals are becoming more and more powerful.
Faced with this situation, if SK wants to get a piece of the pie, it naturally has to seek cooperation.
Therefore, Kering Entertainment Group, which has the Kering Group as its strong backing, will naturally be included as the first choice for skdreamus' future partners.
After analysis by Dreams’ internal analysts, Choi Min-jeong believed that Kering was the best partner for them.
Everyone knows that in recent years, with the support of huge capital, Kering Entertainment Group has acquired many entertainment companies, including Hybe, Starship, etc., as well as shares in SM and JYP.
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