After the re-election of the board of directors of Netmarble Group, an announcement was issued in a timely manner. People thought that the dispute was over, but unfortunately they thought it was too simple.
Two weeks after becoming a director of Netmarble Group, Netmarble Games is holding an internal meeting.
Those who attended included the five directors who were unanimously approved as mentioned above, Fang Junhe, Li Yuanbin, supervisor Liu Huancheng and a number of company executives.
The theme of the meeting was the proposal to acquire a number of game manufacturers including NCsoft, as well as the asset restructuring of the Netmarble Group.
Generally speaking, there are three models of asset restructuring: one is expansionary restructuring, which is a way for a company to expand its asset scale and business scope, including merging or consolidating enterprises, acquiring companies, purchasing assets, acquiring shares, joint ventures, etc.
Adjustment-type restructuring, also known as contraction-type restructuring, is a way for a company to reduce its asset size and business scope, including equity swaps, equity and asset swaps, asset swaps, asset divestiture and sales, and company spin-offs.
At this meeting, Li Yuanbin proposed to acquire all potential domestic game manufacturers, and then merge and reorganize them, led by Star Capital, to form a truly multinational group company.
This was naturally opposed by Fang Junhe.
"I don't agree. Isn't this a bit too big a step?"
Fang Junhe slammed the table and roared like an angry lion.
On the opposite side, Li Yuanbin was very calm. He took out a cigarette from the table and lit it.
He looked at Fang Junhe expressionlessly and said sarcastically, "Boss Fang, do you want to get a salary from a listed company?"
As soon as these words were spoken, everyone present fell silent, whether they were from Star Capital or Fang Junhe's faction.
This is a threat from Lee Won-bin to Fang Jun-hyuk.
Because currently, Fang Junhe serves as the chairman of both Netmarble Games and Netmarble Group, and his salary comes from Netmarble Games.
The purpose of Li Yuanbin's words was to tell Fang Junhe: You should be clear about whose interests you represent. If you cannot be consistent with Star Sky, then you should not hold a position in Netmarble Games.
Li Yuanbin is different from Kim Sang-hyuk, who focuses on the role of entrepreneurs. He believes in using systems to ensure the safety of investment and absolute control, so that the company can operate normally even if anyone is missing.
So, if anyone lags behind in his business, he will kick him out without mercy.
Kim Sang Hyuk is an example. He maneuvered between Lee Won Bin and Bang Joon Hyuk, trying to ease the ideological differences between the two, but unfortunately, he was eventually kicked out by Lee Won Bin because of his private life.
The meeting lasted the entire morning, with both sides refusing to compromise on their respective views and ultimately failing to reach any conclusion.
After the meeting, Supervisor Liu Huancheng followed Li Yuanbin and left Netmarble Group.
In the president's office of the Star Capital Building, two people were sitting on the sofa smoking.
Li Yuanbin stared at Liu Huancheng for a long time, thinking about something.
Finally, he made up his mind and told Liu Huancheng, "Bring your team and conduct an internal audit within Netmarble Games to see if you can find any vulnerabilities similar to the 'secret fund'."
Liu Huancheng nodded, stood up and left.
The reason for doing this is that before Lee Won-bin took over Netmarble Group, Fang Jun-hyuk established a system.
Simply put, Fang Junhe used part of the company's funds to provide some benefits to retired employees.
Li Yuanbin scoffed at this matter. How could anyone believe such nonsense?
So, now that she has broken off relations with Fang Junhe, she naturally has to find some negative information about him to increase her bargaining chips.
After seeing Liu Huancheng off, Li Yuanbin leaned tiredly on the sofa cushions, picked up his phone and sent a Kakao message to Minnie. He received a reply within five minutes.
This brought a little joy to Li Yuanbin, who had been frowning all the time.
Although the two have not met each other these days, their relationship has become much closer. They chat in their spare time and talk about some things they encountered in their work.
Minnie also knew about the major events that had happened around Li Yuanbin recently, and knew that he was at a critical moment now, so she never took the initiative to look for him. Only when Li Yuanbin looked for her would the two of them talk to each other.
Then he sent an encouraging message to Huang Lizhi and Li Yuanbin devoted himself to work again.
In the next few days, neither side held any meetings and remained silent.
But the silence won't last long.
During the day on October 13, the conflict between Star Capital and Fang Junhe officially intensified.
Fang Junhe was the first to take action and publicly accused Star Capital on his social media.
Any slight disturbance will affect the stock price. On that day, Netmarble Group's stock price fell by 5.3%.
In the office, looking at the report handed over by Park Seol-yoon, Li Yuanbin showed a sneer at the corner of his mouth.
He looked up at Park Seol-yoon, then nodded and said, "You can start."
Park Seol-yoon bowed slightly, turned and left the office, while conveying Lee Won-bin's words to all the company's senior executives.
At 9 p.m., Star Capital issued a public statement, saying, "We have received reports that Netmarble Group's management has engaged in serious problems in its operations, including setting up off-book accounts and slush funds, with some executives suspected of misappropriating slush fund funds and embezzling the interests of the company and retired employees. The amount involved is substantial. Further investigation is currently underway."
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