It is not difficult to make Lee Soo Man surrender. After all, Lee Soo Man has been in charge of SM Entertainment for 23 years and embezzled 744.3 billion won from the company's account, which is a huge sum of 3.9 billion yuan.
SM Entertainment had planned to go public on KOSDAQ since 1999. At that time, the listing conditions required that the company's registered capital must exceed 1 billion won, while SM Entertainment's registered capital was only 50 million won.
Therefore, SM Entertainment needed to increase its capital and needed money, so it implemented a paid capital increase of 1.15 billion won. Lee Soo Man could not come up with the money, so he withdrew 900 million won and 250 million won from two companies of SM Entertainment respectively to complete the capital increase.
To sum it up simply, it was a false capital injection. Lee Soo Man took money out of SM Entertainment's company account and then reinvested it into SM Entertainment.
A company increases its capital in the hope of attracting external funds to the company. False capital injection, taking the company's money out and reinvesting it in the company, is actually financial fraud, which is a serious crime.
SM Entertainment was successfully listed in April 2000. In March 2000, Lee Soo-man and his parents held a total of 66.99% of SM Entertainment shares.
In April 2000, SM Entertainment issued shares at 12,000 won per share. In June 2000, SM Entertainment's market value was 180 billion won. Lee Soo Man held 53.59% of the shares, corresponding to a stock market value of 96 billion won.
Lee Soo Man completed the most basic payment for the purpose of listing. He did not convene a board of directors, and everything was done by Lee Soo Man's instructions. The Korean prosecutors have not yet investigated Lee Soo Man, and it is estimated that Lee Soo Man has not yet returned the embezzled 1.15 billion won to SM Entertainment's company account.
Zhong Xiaotong resigned as the President of South Korea in 2002. In January 2003, Lee Soo-man was wanted by Interpol for embezzlement of funds. In May 2003, Lee Soo-man was investigated by the Seoul District Prosecutor's Office and was eventually sentenced to two years in prison and three years of probation.
If Song Yi used this handle to threaten Lee Soo Man, Lee Soo Man would definitely give in. However, there was no need to throw out this trump card so early.
Currently, SM Entertainment’s total market value is around 160 billion won, and its stock price is low. After all, TVXQ and Boa have not yet become popular in the Japanese market.
Shinya Capital Fund can buy some SM Entertainment shares, which is also a good long-term investment. In 2014, SM Entertainment's market value exceeded 2 trillion won, entering the top 10 of KOSDAQ market value for the first time.
Song Yi was a little jealous, he only needed 60 to 70 billion won to replace Lee Soo Man as the largest shareholder of SM Entertainment. But he knew that Lee Soo Man was not so stupid as to watch SM Entertainment fall into the hands of others.
SM Entertainment is Lee Soo Man's cash cow, so how could he let go so easily? When SM Entertainment went public, the company's brochure stated:
"Like Planning is responsible for music consultation and production for its singers. It will pay 15% of the record sales as a handling fee." This Like Planning is Lee Soo-man's personal company.
Lee Soo Man is the chief producer of SM Entertainment, and Lee Soo Man has received a high salary from SM Entertainment. This means that Lee Soo Man is receiving double pay from SM Entertainment.
In 2000, SM Entertainment paid 2.1 billion won in labor fees to Like Planning, and SM Entertainment Films' profit was 1.846 billion won that year. In the following 22 years, SM Entertainment paid a total of 174.3 billion won in labor fees to Like Planning.
Look at how Lee Soo Man's financial skills are much better than JYP's Park Jin Young and YG Entertainment's Yang Hyun Seok. YG Entertainment went public in 2011 and JYP Entertainment went public in 2013. There has never been the so-called three major entertainment companies. YG Entertainment and JYP Entertainment have always been younger brothers in front of SM Entertainment.
If Hybe Entertainment hadn't been lucky enough to pick up BTS, SM Entertainment would have been the only entertainment company. However, Hybe Entertainment's market value of 5 trillion won is probably unprecedented and will never be surpassed, after all, the Korean entertainment market is so small.
The predecessor of Hybe Entertainment was Big Hit Entertainment founded by Fang Zhihe in 2005. The company had been tepid until the debut of BTS in 2013, when the company took off.
In addition to SM Entertainment, New Asia Capital Fund can also make financial investments in YG Entertainment and JYP Entertainment. Sooner or later, New Asia Media will set up its own wireless TV station, and when it does, it will have to produce variety shows, so it is not a good idea to have good relationships with major entertainment companies in advance.
"Chairman Song, what do you think of my plan?" Lee Soo Man's question brought Song Yi, who was daydreaming, back to the meeting room.
Song Yi was stunned for a moment. He didn't even listen to the plan. He said calmly, "President Li has considered everything very carefully, but we can still improve it a little bit."
Jin Xiyuan, who was sitting below Song Yi, almost laughed out loud. She knew the man next to her too well. Song Yi definitely didn't take Lee Soo Man seriously, so he used the strategy of procrastination.
Song Yi often does this when listening to Xinya employees' work reports. When the employees hear Song Yi say this, they often think that Song Yi is not very satisfied with their plans, so they rack their brains to improve them.
Lee Soo Man took the initiative to ask, "President Song is not optimistic about this 12-member girl group project?"
Song Yi understood now that Lee Soo Man was going to create a large girl group similar to Super Junior. SES was a three-member group, Fin.KL was a four-member group, and Lee Soo Man was actually planning to launch a 12-member girl group, which was simply the Korean version of the 12 Girls Band.
In fact, the team of Girls' Generation has been changing all the time, and many trainees have been changing. Since 2005, the 12-member lineup of Girls' Generation is: Lee Yeon-hee, Hong Bora, Bae Seok-bin, Zhang Liyin, Jessica Jung, Kim Hyo-yeon, Kwon Yuri, Choi Soo-young, Im Yoona, Seo Ju-hyun, Kim Ye-jin and Park So-yeon.
SM Entertainment wanted to debut Kim Taeyeon as a solo singer at that time, and Sunny had not yet joined SM Entertainment. Lee Yeon Hee later debuted as an actress, and Park So Yeon left SM Entertainment and debuted with Tara.
Song Yi looked at the screen and said, "Councilor Jin, could you please show me the female trainees you like again?" The screen showed the profiles of Lee Yeon Hee, Kwon Yuri, Jessica Jung, Kim Hyoyeon and Choi Sooyoung.
Song Yi pointed at Li Yanxi again, "President Li, please introduce this trainee to me."
Lee Soo Man didn't know what Song Yi meant. Could it be that New Asia Media had taken a fancy to Lee Yeon Hee? "Lee Yeon Hee was born in Seoul on February 26, 1988. She participated in the SM Best Youth Selection in 2001 and won the Best Appearance Award and the Best Award. She is currently receiving singing training in the company." Lee Soo Man said.
Song Yi pondered for a moment. Li Yanxi is already thirteen years old this year. Song Yi asked, "How tall is Li Yanxi now?"
Lee Soo Man was stuck for a moment and looked at Kim Young Min. "162 cm." Kim Young Min helped answer.
"Have you measured your bone age? What is her maximum height according to the doctors?" Song Yi continued to ask. Entertainment companies usually take trainees to test their bone age to predict their height before signing them. Koreans are obsessed with looks, so female idols with height and long legs have an advantage.
Kim Young-min is obviously very concerned about Lee Yeon-hee, "The doctor said Lee Yeon-hee's future height should be around 172 cm."
Song Yi nodded. "In my opinion, a girl group of 12 is too many people. Even fans will have a hard time remembering every member's name. I suggest that the group should be kept at 8 to 9 people, and their heights should be kept between 1.6 and 1.7 meters. This is actually more conducive to choreography."
"Lee Yeon Hee has such outstanding looks and an advantage in height. It's a pity that she debuted simply as an idol. In fact, she can consider developing into an actress." Song Yi expressed his opinion.
Lee Soo Man immediately became interested. "President Song, do you think highly of Yeon Hee? I actually want SM Entertainment's artists to develop into actors, but SM Entertainment's artists who audition for TV dramas often fail to make it to the final round of auditions."
"Actually, I think we can strengthen cooperation between Xinya and SM Entertainment," Song Yi suggested.
Lee Soo Man narrowed his eyes. While observing Song Yi's expression, he guessed Song Yi's true intention.
他装作很感兴趣，“不知道宋会长说的合作指的是？”
宋熠往后坐了坐，“其实我们新亚和SM娱乐的合作空间还是比较大的，比如inshcool.其实SM娱乐可以在inschool网站上开设一个官方主页，发布一些官方动态，比如Boa的行程，安七炫录制了什么综艺，SM家族演唱会时间和地点，等等。”
南昭英听到一个关键词，“SM家族演唱会？”
宋熠卡顿了一下，“伱们SM娱乐该不会还没有开展SM家族演唱会吧？”
“KangTa和Boa的人气不足以支撑一场大型演唱会，那么集中SM娱乐旗下所有歌手举办一场拼盘演唱会，不就可以解决SM娱乐目前的组合断档问题吗？”
“当然，我们可以给这种拼盘演唱会取一个高大上的名字，叫做SM Town世界巡回演唱会。SM娱乐可以和三大电视台合作，直播演唱会的盛况，除了增加公司的门票收入以外，也可以吸引更多人关注到SM娱乐公司，也可以吸引更多年轻艺人加入SM娱乐。”宋熠建议。
H.O.T组合已经解散，只剩下KangTa安七炫，S.E.S组合年底合约到期后也不会续约，那么宋熠所说的SM Town世界巡回演唱会确实很有举办的必要。至于电视台方面，SM娱乐和MBC电视台一向关系良好。
“宋会长说的没错，我们SM娱乐确实应该在inshcool上开设一个官方主页，像KangTa和Boa也可以在inschool上开设主页。”李秀满说。
金熙媛这时恰好插了句提议，“其实不只是KangTa和Boa，其实像李社长，金代表和南代表都可以在inshcool上开设主页。”
“除了宣传新专辑和演唱会以外，你们也可以在inshcool上澄清一些负面新闻。比如KangTa不是年前被爆和H.O.T其他两名成员不和吗，可以上传一张H.O.T三人在春节期间的聚餐照片来反驳这条谣言。”金熙媛说。
李秀满听到金熙媛这么说，他现在才认识到inschool的重要性，inshcool未来甚至可以取代三大电视台和三大报社，成为最重要的舆论宣传渠道。
“不知道inschool现在的用户数有多少了？”李秀满忍不住询问。
金熙媛面有得色，“因为新亚网络不需要对外融资，所以我们也很少对外公布具体用户数。不过李社长既然问到了，我不妨给你交个底，目前inschool注册用户数已经超过800万，约占韩国人口的六分之一。最多两个月，inshcool的用户数就能突破1000万了。”
inshcool的情人节广告显然而非常成功，韩国的上班族们纷纷注册inshcool，根据调查，19岁到30岁的年轻人中，已经有超过50.5%的人群已经注册了inshcool账号。30岁到40岁的人群中，也有34.4%的人群注册了inshcool.这是一个非常高的比例。
李秀满听到金熙媛这么说，他也忍不住感叹inschool发展之快，不到一年时间，inshcool就已经有了800万用户。inshcool用户群体和SM娱乐的消费群体其实是高度重合的。
如果能够借助inshcool这个平台，SM娱乐没准儿就可以卖出更多专辑，取得更高的营收和利润，SM娱乐的股价自然会进一步上涨。
可惜新亚网络株式会社不融资啊，不然他倒是想买一些新亚网络的股票，如果inshcool未来上市，市值起码超过10个SM娱乐。不过李秀满万万没想到，inshcool以后的市值远不止100个SM娱乐。
宋熠最近也在考虑过新亚系的上市问题，他打算将新亚系的企业进行拆分和合并。内地的新亚网络和韩国的新亚网络株式会社要进行剥离，内地的新亚投资、熠熠生辉投资合伙企业和韩国的新亚资本基金也要进行剥离。
新亚系的借壳上市计划的主体是传媒公司和地产公司，网络公司和投资公司暂时不纳入上市计划。光是传媒公司和地产公司，至少可以撑起2到3万亿韩元的市值。
李秀满正在考虑要不要联合Naver或者Daum另起炉灶，打造一个新的社交网站。如果inshcool崛起，那么威胁最大当然是Naver、雅虎韩国和Daum这三大门户网站。毕竟SM娱乐如果全员入驻inshcool，也就意味着inshcool牢牢抓着SM娱乐的媒体资源，SM娱乐等于受制于inshcool. 雅虎韩国其实已经注意到inshcool了，他们试图以500亿韩元的价格收购inschool，被宋熠毫不犹豫地拒绝了。雅虎韩国因为判断不出inschool的盈利前景，也不愿意抬高收购价。
宋熠记得红衣教主周鸿益03年将3721网站以1.2亿美元的价格出售给雅虎，他出任了雅虎华国的CEO.2002年3721的年销售额达到2亿人民币，毛利6000万人民币。雅虎韩国现在居然只打算用不到3亿人民币的价格收购inschool，这不是开国际玩笑吗？ 不过inshcool已经占了先发优势，用户们已经习惯了inschool这个网站，雅虎韩国再推出一个类似的社交网站，能不能留住用户还要两说。
李秀满想清楚了，他觉得在韩国重新打造一个inschool太费时费力，毕竟不是谁都像宋熠一样要钱有钱，要关系有关系。
既然打不过新亚，那么李秀满就要考虑让inschool成为SM娱乐的天然盟友。
他对宋熠说，“其实我们SM娱乐有意全员进驻inshcool，包括未来出道的三个男团和一个女团。其实我们明年出道的东方神起，也可以在inschool网站提前预热一下，实现网络出道。”
“SM娱乐inschool主页会依次介绍郑允浩、金在中、沈昌珉、金俊秀和朴有天这五名成员。inshcool上再依次开通他们的个人主页，我们SM娱乐也可以将东方神起的出道演唱会放到inschool网站全程直播，让inschool的用户们在线陪同着他们心爱的偶像成团出道。”
“inshcool的情人节广告不是‘inschool，陪伴你的每一天’吗？如果inshcool的用户们在网站上陪伴着自己支持的偶像一天天成长，然后成功出道，发售专辑，开演唱会。我相信SM娱乐和inschool可以实现共赢。”李秀满说道。
这李秀满有点东西啊，宋熠觉得东方神起在inshcool出道的企划可以考虑一下。SM娱乐全员入驻inschool，那么李秀满是想得到inschool的优待，还是想入股inshcool？
可惜对于韩国的所有娱乐公司而言，哪怕是家大业大的CJ娱乐，inshcool这个宣传平台是独一无二的。而SM娱乐这样的公司，inschool至少还能找到两三家。简而言之，SM娱乐需要inshcool，而inschool未必需要SM娱乐。
“李社长，你不妨有话直说。”宋熠说。
“你看SM娱乐和新亚网络株式会社这两家公司能不能交换持股，SM娱乐成为inschool的股东，新亚网络也成为我们SM娱乐的股东。”李秀满小心翼翼说道。
宋熠笑了，“李社长，新亚网络还没有上市，公司估值其实说不准的，怎么交换持股？雅虎韩国以500亿韩元的价格来收购inshcool，我都没卖。如果我说inschool这个网站值10万亿韩元，你还愿意和我交换持股吗？”
When Lee Soo Man heard this, he thought it was a joke. If Inschool is worth 10 trillion won, then 1% of Inschool shares can buy half of SM Entertainment. What is he after? Song Yi said, "See, this is the difference between me and President Lee. In this way, I am quite interested in the plan that President Lee just proposed for TVXQ to debut on Inshcool."
"Our New Asia Media will produce 2 TV series and 2 movies this year. This year it is 2+2, next year it will be 4+4, and the year after next it will be 4 movies and 8 TV series. Our New Asia Media's contracted artists obviously cannot star in so many film and television dramas. We are also willing to provide SM Entertainment's artists with opportunities to star in film and television dramas. It depends on whether you, President Li, agree to let our New Asia become a shareholder of SM Entertainment." Song Yi said.
When Liu Huiying heard that Song Yi was going to invest in SM Entertainment, she couldn't help but take a deep breath. If Xinya Media becomes the major shareholder of SM Entertainment, then her daughter Xu Zhuxian will become the real daughter of SM Entertainment. See you tomorrow (end of this chapter)