Chapter 52 Kering Group



Kering Group is the new name of Star Capital after its backdoor listing.

Because the number of its subsidiaries has reached the standards stipulated by the Peninsula, Li Yuanbin directly established a group company.

Currently, Kering Group's three main business segments are:

The gaming section, KeringGames, was reorganized and rebuilt from the original Netmarble company, and is responsible for all gaming-related industries under it.

The entertainment division, KeringM, was formed by the merger of Big Hit Entertainment and Starship Entertainment, and is responsible for all matters related to Kering Group in the entertainment industry.

The investment and asset management sectors were the core businesses managed by the former Star Capital.

The remaining businesses, such as the clothing and jewelry company in the United States that has not yet been successfully acquired and Samsung BioLogics that will soon be transferred to his name, were not included.

Moreover, in order to prevent the massive injection of capital after listing, management loses their status.

Li Yuanbin plans to increase his holdings and then personally take the top seat in the group to take charge of the group.

According to Lee Jung-hwan, Kering Group will be able to complete the final approval at the beginning of the new year 2019.

"Hahaha, thank you, Chairman Li. Let's get together someday when we have time?" Li Yuanbin said into the phone with a smile on his face.

Li Zhenghuan smiled and said, "This is Chairman Li's company that's listed. Of course we have to do our best! Let's get together someday when we have time!"

The two exchanged a few more pleasantries and then hung up the phone.

After looking at the live broadcast of KeringM's press conference on his phone, Lee Won-bin smiled and returned to the bedroom to change his clothes.

Tonight, he has a dinner with the directors of KeringM.

Half an hour after the press conference ended.

The news about Big Hit Entertainment and Starship Entertainment merging to form a new entertainment company, KeringM, appeared in major news media and newspapers on the peninsula.

For a time, many people related to the entertainment industry were discussing this matter.

Astute people have noticed that Star Capital’s backdoor listing is about to be completed!

Many investors are ready to go, just waiting for the opportunity, the opportunity for Kering to officially go public.

Influenced by the establishment of KeringM, SK's Dreamus also received a lot of attention.

Earlier this year, Dreamus signed a business cooperation agreement with SM Entertainment, JYP Entertainment, and Big Hit Entertainment for the B2B distribution of records and music content.

When asked about KeringM, Dreams Entertainment Vice President Shin Sang-gyu, head of the content business division, said, "We are optimistic about our partnership with KeringM, and it's not limited to KeringM. The same goes for SM and JYP. In order to consolidate our music content business, we must strengthen our cooperation and release more diverse music in the future."

Shin Sang-kyu's words were spread wildly by media friends, and became more and more outrageous.

"Dreamus will join forces with KeringM to create a giant entertainment company..."

"SK Group may collaborate with Kering to develop new businesses..."

Such outrageous titles attract people's attention.

Inside Cube Entertainment's (G)I-DLE practice room.

Six sweaty girls lay stretched out on the floor.

Today, (G)I-DLE members were practicing in the company.

Song Yuqi, who is the number one person surfing the Internet, was lying on the ground with her mobile phone in her hand, browsing today's news.

Suddenly, a piece of news appeared in Song Yuqi's sight.

Big Hit Entertainment and Starship Entertainment merge to form Kering Entertainment.

"Huh??? Isn't Big Hit Entertainment under Netmarble? And Netmarble is owned by Lee Won-bin..."

Song Yuqi's eyes grew bigger and bigger, and finally she jumped up from the ground and sat up straight.

His eyes scanned his teammates, finally stopping on Minnie.

"Minnie, Minnie!"

"What's wrong?"

Minnie opened her eyes and looked in the direction of the voice. She saw Song Yuqi rushing towards her quickly and hugging her neck.

"Ahhh! Don't hold me so tight, you're all sweaty!" Minnie twisted her body and shouted loudly.

"Oh, sorry, sorry~" Song Yuqi realized it later, let go of Minnie's neck, and handed her her mobile phone.

"Look, look!"

"What?"

The other four members were also attracted by Song Yuqi's performance and came over.

Six people gathered around a mobile phone, looking at the text on the screen.

"so what?"

"so what?"

After reading the news on the phone, several people led by Zhao Meiyan raised their heads and looked at Song Yuqi with confusion.

They don’t understand what’s so surprising about this news. It’s just setting up a new company, so what’s the big deal?

Only Tian Xiaojuan and Minnie didn't speak.

Song Yuqi looked ridiculous and pointed at the big words "Big Hit Entertainment" and said, "Don't you know this?"

"What?" Question mark face.

"Big Hit Entertainment, Netmarble." Unable to bear it any longer, Tian Xiaojuan added explanation.

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