Growth-type Super Rich-Chapter 462 - 292: Goryeo Entertainment Empire (Part 2)

Chapter 462: Chapter 292: Goryeo Entertainment Empire (Part 2)

In an instant, Gu Bai became a mysterious presence.

You have to know that Gu Bai has only been in Korea for about ten days. In just ten days, he directly reshuffled Korea’s entertainment landscape, making S·M Company the absolute leader, something no one had ever accomplished before.

It’s not that Gu Bai’s personal capabilities can already dominate Korea’s chaebol circle, but rather the entertainment industry’s pie isn’t that large. Each major chaebol wants a share without any desire for monopoly. Now, with the support of the Samsung Group behind Gu Bai, and the LG Group’s recent decision to sell off their entertainment assets, the two top chaebols are showing support for Gu Bai. The smaller chaebols, although reluctant to give up this lucrative sector, are unwilling to offend both conglomerates, leaving them no choice but to yield.

However, Gu Bai did leave a bit of soup for them, only integrating the high-end resources of Korea’s entertainment industry. He had no interest in the rest of the small-scale entertainment market.

Seeing no responses from the crowd, Gu Bai continued.

"I won’t say much more about the merger of the two companies. Instead, I’ll talk about some internal company restructuring."

"From today, S·M Company will be renamed Black Swan Entertainment, and will be established as B·S Entertainment Company, abbreviated as Black Swan."

"We will implement a rating system for artists within the company, offering contract terms based on market potential. The highest is SSS level and the lowest is D level. D-level artists will only take a base salary with a revenue split of 1:9, C-level will have 1.5:8.5, B-level 2:8, and so forth, with top SSS-level artists having a profit-sharing contract with the company at 6:4, artists 6, company 4.

Your task now is to categorize the company’s debut artists and trainees in the shortest time possible. Additionally, Jung Soo-yeon, Lin Yun’Er, and Zheng Xiujing will have their contract levels directly elevated to SSS level. Moreover, acquire famous artist Lee Ji-eun from LOEN Company and offer an SSS-level contract. I’ve already communicated with the artists, and now it depends on the other company’s stance. If the penalty for breach of contract is too high, abandon poaching the artist and directly acquire LOEN Company. This matter will be overseen by Lee Soo-man.

Lee Soo-man, do you have any objections?"

"Rest assured, Chairman, I promise to fulfill your directives."

Lee Soo-man, upon hearing Gu Bai’s words, felt a surge of joy in his heart but still responded to Gu Bai with a serious expression.

The fact that Gu Bai could entrust this task to him indicated that he still intended to continue utilizing him. Otherwise, he couldn’t believe that Gu Bai would be unable to find someone to take over his position as president.

As long as he could continue holding on to his president position, his power within the company would only grow.

After all, apart from Gu Bai, there was only Lee Boo-jin above him. These two insurmountable giants would never be overcome in his lifetime, so it was better to understand his own positioning from the start. Holding the third place in the entertainment empire wasn’t too bad, after all, it was a hundred times better than being heavily suppressed by the chaebols while carrying the title of entertainment godfather.

"That settles it. All company activities will be reduced or halted for the next two months.

In two months, I want B·S Company to present itself to the public as a true entertainment empire!

Meeting adjourned."

Upon finishing, Gu Bai stood up and walked out of the meeting room, with Lee Boo-jin following closely behind without a moment’s hesitation.

All 40-plus executives in the meeting room stood up, bowing towards Gu Bai’s departing figure, only slowly raising their heads once the door closed.

This instance exemplifies the constraints of the hierarchical system within Korea. In Hua Country, such a situation wouldn’t occur, or rather, only Korea and Japan could achieve this level across the world.

"Even now, I still haven’t grasped it... I’ve worked at this company for ten years, yet those ten years haven’t been as stimulating as today has been. According to Chairman Gu’s intentions, it means our company is now undoubtedly the leader in Korea’s entertainment industry?"

One executive still hadn’t come to terms.

With his prompt, the crowd began discussing intensely.

Lee Soo-man remained seated in his position, silent.

Until the gaze of the crowd fell upon him, one executive asked, "President Li... what’s your opinion?"

As the company’s founder, Lee Soo-man held considerable authority internally, and everyone was somewhat intimidated by him.

Upon hearing this, Lee Soo-man stood up, without displaying a trace of humility in front of Gu Bai.

"A brief discussion will suffice. Next, follow the Chairman’s instructions for work. I can only say, from now on, B·S Company will embark on a new era, and we only need to follow in the Chairman’s footsteps."

After speaking, he turned and left.

Lee Soo-man’s attitude was exceedingly clear, from today on, B·S Company would have only one voice, and even in the future, Korea’s entertainment industry would have only one voice.

That is Gu Bai!

.................

In the perpetually vacant office of the S·M Chairman, Lee Boo-jin stood in front of Gu Bai’s desk reporting some detail issues.

Only after 20 minutes did Lee Boo-jin stop her report, swallowing and moistening her throat.

Gu Bai wasn’t interested in the details she reported, instead, he changed the topic and said, "The shares from the Samsung Group have been confirmed, and I don’t intend to stay in Korea for much longer."

When Lee Boo-jin heard Gu Bai’s abrupt words, she immediately became nervous.

She already sensed what Gu Bai was about to say next.

Gu Bai glanced at her without playing coy and directly said, "I should be returning to Hua Country within a week. In the next couple of days, I’ll express my stance to Chairman Lee Kun-hee, that I support you becoming the successor of the Samsung Group."

As soon as the words were out, Lee Boo-jin’s heart began pounding fiercely, looking at Gu Bai with eyes of disbelief.

Seeing Lee Boo-jin’s expression, Gu Bai smiled and shrugged.

"What? Are you dissatisfied?"

Lee Boo-jin quickly shook her head, then nodded. Even at her position, she couldn’t conceal her emotions in such circumstances, with her joy plainly visible on her face.

"Thank you, boss! I assure you, once I become the Chairman of Samsung, everything within the Samsung Group will revolve around you, with your interests being paramount!"

Upon hearing that Lee Boo-jin’s term of address changed from Mr. Gu to boss, Gu Bai knew that from now on, Lee Boo-jin truly belonged to his circle of core interests.

Even though Gu Bai didn’t trust human nature, he had no guard against Lee Boo-jin.

It’s not that Gu Bai deeply trusted her, but before him, she couldn’t stir up any waves. Compared to Lee Jae-yong, Lee Boo-jin’s abilities were significantly inferior, and Gu Bai planned to leave either Gu Xin or Gu Si to assist Lee Boo-jin in stabilizing the situation, also to prevent Lee Boo-jin from harboring any improper thoughts.

"Work well for me, and I, Gu Bai, never neglect my own people."

"I understand, boss."

"Since your father’s health isn’t well, you children should care more about his health. After you handle the current matters of B·S Company, join Samsung as a vice-chairman alongside your brother.

Firstly, it’s out of concern for your father’s health, and secondly, it’s to develop your abilities.

Don’t worry about your brother trying to undermine you. I will leave one of my think tank members to handle matters you can’t deal with. I only have one requirement for you: within a year of becoming vice-chairman, I need there to be no dissenting voices within the Samsung Group. I want your position within the Samsung Group to reach its peak!

In a year, I hope that even your father, Lee Kun-hee’s, prestige within the Samsung Group won’t be comparable to yours. Can you do it?"

Looking at Gu Bai’s extremely handsome face, Lee Boo-jin solemnly nodded.

"Rest assured, boss. Once I lead Samsung, the entire group will only have your voice, and I’m willing to be your spokesperson, your advocate within the group!"

Upon hearing Lee Boo-jin’s "understanding" words, Gu Bai nodded in satisfaction.