China Entertainment: I became a capital tycoon

Chapter 680: 678. Divide Lotte, and Become Rich

In South Korea, chaebols control 85% of the country's economy and can be said to influence the survival of the entire South Korea.

Therefore, the chaebols have always been high and mighty.

But who would have imagined that the chairman of Lotte Group, the fifth largest chaebol after Samsung, Hyundai, LG and SK, was actually beaten up, and it was said that the injuries were quite serious. This news simply shocked all Koreans.

Who is so awesome?

Not long after the news broke, the police finally gave an answer.

The attackers turned out to be several bodyguards around Mr. Cao Yucao, the chairman of FNC Entertainment.

The reason for the beating was that Lotte Group's chairman Shin Dong-bin insulted Chairman Cho, and he was so angry that he ordered his bodyguards to beat him up.

This caused an uproar among the Korean people.

Some people who have long been fed up with the arrogance and domineering behavior of the chaebols said that Chairman Cao fought well.

But there are still some people who say that it is a shame for South Korea that Chinese people beat up their own people within South Korea.

But no matter what, the name Cao Yu is now known to everyone in Korea.

The employees of FNC Entertainment were worried about their boss.

Lotte's strength is much greater than CJ Group. How could he let it go after his own chairman beat Chairman Shin?

Could it be that the boss doesn’t want to stay in Korea anymore and wants to return to China permanently?
Impossible? The boss had a meeting a while ago to form the group BLACKPINK, and they are going to shoot several TV series.

Samsung Li family.

"He really did it. Haha, he has such courage and bravery. He is worthy of being my man, Li Fuzhen."

After reading the news, Lee Boo-jin patted her son's butt happily and told him to go play by himself. Then she said to her assistant, "Go drive, I want to go see my brother!"

The current head of Samsung has changed from Lee Kun-hee to Lee Jae-yong.

He heard the news about Cao Yu and felt a little confused.

Logically speaking, Cao Yu is not an impulsive person, so why did he suddenly hit someone?

And why did they have to hit Shin Dong-bin? If Lotte makes a fuss, this matter will probably not end well.

Just as I was thinking about it, I saw my sister Lee Boo-jin walking in with a smile.

"Fuzhen, why aren't you anxious at all? Your man beat up Shin Dongbin!"

"Brother, the reason I'm laughing is because this is something worth being happy about."

"???"

Lee Jae-yong didn't understand that although beating someone is not a big deal for rich people in South Korea, it is a huge matter if the person being beaten is a chaebol chairman.

Lee Boo-jin sat down and said with a smile, "Brother, I actually knew about this a long time ago."

"Know?"

"Yes, Cao Yu and I discussed for a long time last night and came up with a plan to bring down Lotte."

"Oh?"

Lee Jae-yong's eyes narrowed immediately and he adjusted his glasses: "Do you want to..."

"Brother, you may not know this yet, but Cao Yu was invited back by Minister An of the Ministry of Culture, Sports and Tourism to write a movie script that could win an Oscar."

Lee Boo-jin began to introduce herself and Cho Woo's plan: "Minister An promised him that no matter what happens in Korea, he will help Cho Woo solve it, so the president will also stand on Cho Woo's side. And we will take this opportunity to make a big deal out of it, saying that Shin Dong-bin insulted Chairman Cho who wanted to win an Oscar for Korea."

"I'm afraid this is not enough?"

Lee Jae-yong shook his head, thinking that even with the president's support, it would still be far from enough to bring down Lotte.

"It's not enough."

Li Fuzhen smiled and continued: "If we mobilize the media to dig up more about Shin Dongbin and Zhang Ziyan, and let the judicial authorities take the opportunity to investigate his other black spots, then Shin Dongbin will definitely be ruined, and Lotte's stock price will definitely plummet. Then we will start to acquire their industries!"

"anything else?"

"In addition, we need to unite with other financial groups and ask them not to interfere in this matter. Then everyone can have a share and divide up Lotte together!"

"hiss"

When Lee Jae-yong heard this, he took a deep breath.

I have to say, this plan is really vicious. If it succeeds, even if Lotte doesn't go bankrupt, it will suffer a lot.

But this is the business world, it’s either you die or I die!

He pondered for a moment and asked, "You and Cao Yu can do these things, why are you looking for me?"

"Brother, don't forget, my last name is Li too!"

Lee Boo-jin acted like the eldest princess of Samsung: "And for this matter, I need you to lobby the president and try to make sure Lotte can't resist. Then Samsung will acquire his chemical and food industries, and I will acquire their cinemas, tourism, hotels, and logistics industries. The rest will be divided among the others."

Lotte has a huge logistics company under its umbrella. Lee Boo-jin’s e-commerce platform has developed well in the past two years, and she has long coveted this logistics company.

"Good! Great!"

Lee Jae-yong slapped his thigh excitedly. This future brother-in-law is really ruthless!

If Lotte's pillar industries are taken over, Lotte will basically withdraw from the ranks of the top ten chaebols.

After the two men finished their discussion, they immediately took action.

Lee Jae-yong went to see the newly elected president because the new president must have political achievements, and hitting the Lotte chaebol would be the best achievement.

Lee Boo-jin used her connections to contact the media and launch public opinion attacks.

She sat in the car, looking at Seoul, and thought to herself, "As long as this plan succeeds, according to what he said, I will be the first female chaebol in Korea!"

When she thought of "him", her heart was filled with sweetness.

He was indeed thinking about himself.

……

At this time, Cao Yu had already finished recording his statement at the police station and had just walked out of the building when he was surrounded by countless reporters.

"Chairman Cao, why did you hit Chairman Xin?"

"Do you have any other conflicts? Can you tell me about it?"

"Chairman Cao"

Cao Yu just glanced at the crowd of reporters and said, "The police and my lawyer will give you the specific details."

After saying this, he got into the car and drove away under the protection of his bodyguards.

With Samsung and the Ministry of Culture, Sports and Tourism behind him, naturally nothing will happen to him.

Sure enough, not long after, the police issued the latest official announcement.

The notice said that FNC Chairman Cho came to Korea this time to create a script that would allow Korea to win an Oscar, and to discuss theater cooperation with Lotte Chairman Shin.

As a result, Chairman Xin not only did not want to talk, but also verbally insulted Chairman Cao, which led to physical contact between the two sides.

Chairman Cao has realized his mistake and expressed his deep apologies to Chairman Xin.

When this notice was issued, those people who had originally envied China for winning the Oscars suddenly became unhappy.

Chairman Cho sacrificed his precious time and worked hard for the Korean film industry, and you're still scolding him?
You deserve it!

The public already had a hatred of the rich towards chaebols, and the Lotte Shin family did not have a very good reputation among the Korean people. Now, Chairman Cho actually gave them some bad feelings.

This is because the founder of Lotte abandoned his wife and made his fortune in Japan.

Being beaten now is such a relief!
But two days later, an even more explosive news appeared in the media.

That is when Zhang Ziyan's suicide note was exposed, and her suicide note also mentioned a list of people who had provided sexual services.

The Xin family father and son are also on this list.

This news is like dropping an atomic bomb on South Korea.

Although Jang Ja-yeon was only a third-tier star, her suicide revealed the darkness of the Korean entertainment industry. People felt pity for her. Unexpectedly, the person who forced this poor woman to commit suicide was actually the Shin family?
Now almost the entire Korean country exploded!

Artists from FNC including IU Lee Ji-eun, T-ARA, Girls' Generation, EXO, as well as popular stars like Song Hye-kyo, Jun Ji-hyun, Song Joong-ki, and Kim Soo-hyun also protested against the Shin family and called on everyone to boycott Lotte Group.

Their fans even took to the streets, demanding that the police severely punish the Xin father and son.

This was not the end. All Lotte Cinemas across the country suddenly received a fire inspection, and it was quickly discovered that these cinemas had serious safety hazards and were ordered to make rectifications.

The tax department also began to inspect Lotte Group, and it was discovered that the company actually had serious problems with taxation.

Under such circumstances, the stock price of the entire Lotte Group plummeted by 18%, and its market value evaporated by tens of trillions of won.

The Internet was full of curses, saying that the Xin family was the scum of the country and scum!
People seem to have forgotten Cao Yu's identity. They think that he is a hero of Korea because he not only caught a scumbag but also worked hard to win an Oscar for Korea.

A few days later, the police revealed that Shin Dong-bin was suspected of abusing his power to pay high salaries to his family members, and the suspected illegally obtained funds may be as high as more than 170 billion won.

As scandals were exposed one after another, Lotte's supermarkets, retail stores, convenience stores, cinemas and other businesses became deserted and sales plummeted.

Although the Xin family also did some public relations and efforts, they were powerless to save the situation under the current public outrage. At this time, Xin Dongbin was in his villa, listening to his secretary's report on the current situation, and was shaking with anger.

“Why did it become like this?”

Apart from a broken nose and two lost teeth, his other injuries were not serious.

Because his face was wrapped in gauze and he could not speak clearly, he was in such a state that he could not meet people.

"That Chinese guy must have colluded with other financial groups. This is a conspiracy against the Xin family!"

Shin Dong-bin cursed in his heart, the door of the room was pushed open, and an old man walked in with a cane.

"Dad, why are you here?"

When Shin Dong-bin saw the old man, he quickly stood up.

The old man looked to be in his 90s, but he was very angry. He pointed his cane at his son and yelled, "You idiot, how did you mess things up like this?"

"Dad, it must be that other families are coveting our assets and letting that Chinese person mess with us!"

Shin Dong-bin still wanted to defend himself and felt that he was innocent.

The old man cursed, "Stupid! You don't know yet, the one who covets our assets is Samsung! It's the Lee family! That Chinese man and Samsung's Lee Boo-jin definitely have some kind of hidden relationship!"

Shin Dong-bin was stunned: "Lee Boo-jin and Cho Woo? How is that possible? That woman has always been so arrogant, how could she fall for a Chinese?"

"Are you retarded?"

The old man picked up his cane again and poked his son: "That Huaxia guy and Lee Boo-jin are working together on an e-commerce platform. Can't you see anything? Also, if the Lee family hadn't come forward, would public opinion be like this now? Without the Lee family, no matter how rich that Huaxia guy is, would he dare to hit you?"

Shin Dong-bin lowered his head after being scolded, and after a long while he said, "Dad, what should we do now?"

"The current situation is very unfavorable to us. If the stock price continues to fall, we cannot afford the loss!"

The old man sighed and said, "We must work hard to keep our food, candy, chemical, electronics and other industries. As for other retail, cinemas, and hotels, we should sell them if we can. If these assets continue to lose money like this, the group will not be able to hold on!"

"Dad, are you really going to sell it?"

Shin Dong-bin was very unwilling. If he had known this would be the result, he would have sold the cinema, hotel, etc. to Cao Yu last time, and he would not have been beaten.

"These industries now have almost no income and are losing billions of won every day. Can you handle it?"

The old man was unwilling to give up, but he had no choice: "This is called a heroic act of self-sacrifice! As long as our food company is still there, our Xin family will make a comeback sooner or later!"

"Can you keep it?"

Since it was the Lee family that came forward, other chaebols might also be involved. Shin Dong-bin felt desperate. Was Lotte going to be destroyed in his hands?

Is it because of this Chinese person?
It was late March, and twenty days had passed since Cao Yu beat Shin Dong-bin.

But instead of ending, the situation got worse.

Lotte Group's headquarters, supermarkets and other places were splashed with feces and had curse words written on their faces. The Shin family father and son were also summoned by the police several times.

The founder of the Xin family, this 93-year-old man, defended himself in Japanese in court with an arrogant attitude, which made the public's goodwill plummet to the bottom.

On this day, luxury cars drove into Lee Jae-yong's private residence.

The people sitting in these cars are none other than the chairmen of the top 20 chaebols in South Korea, except Lotte.

They came here to discuss how to divide up the huge industry left by Lotte.

When everyone entered the banquet hall, they found that not only Lee Jae-yong was present, but also FNC's chairman Cho Woo and Samsung's eldest princess Lee Boo-jin beside him.

However, these people were not surprised that a foreigner had sneaked into the meeting. Instead, they came up to greet Cao Yu.

Hyundai Group Chairman Chung Mong-koo: "Chairman Cho is very courageous and has done a great job!"

"President Zheng, you're welcome."

Cao Yu had heard about this person from Lee Jae-yong and knew his name.

It turns out that this man's brother is Chung Mong-joon, who created the darkest world in 2002.

Chairman LG: "Chairman Cho's methods are admirable. Why don't you stay in Korea so that we can get together more often in the future."

"talk later."

Cao Yu deals with these chaebols who control nearly 80% of South Korea's wealth.

After the introduction, the division of interests finally began.

As the initiator of this matter, Cao Yu actually took the lead and said: "First of all, thank you all for coming. Lotte is in crisis now, and I believe everyone here wants its industries."

As he spoke, he glanced at the people present and found that everyone was listening quietly and was not dissatisfied with the fact that he was Chinese.

Cao Yu then felt relieved and continued, "Then let me tell you my idea. First, Lotte's cinemas, hotels, duty-free shops, theme parks, and logistics companies will all belong to me, while the chemical, food, and electronics industries will belong to Samsung. As for the other financial, real estate, and retail sectors, you can divide them up as you see fit."

Then he raised his voice and said, "I have finished what I want to say. Who is in favor and who is against?"

As soon as Cao Yu finished speaking, everyone present immediately started whispering to each other.

Although this incident was caused by Cao Yu, I heard that Chairman Cao was not greedy and only asked for some light assets, which made him seem like a nice person.

But it seems a bit too much for Samsung.

After a while, Chairman Cho of Hanjin Group, who wanted the logistics business very much, said, "Chairman Cho, as a Chinese, what do you want so many Korean industries for? Do you want to become a Korean conglomerate if you stay in Korea?"

“Haha, I don’t plan to stay in Korea.”

Cao Yu directly stated his attitude. Before everyone started to discuss, he added: "However, Miss Lee Boo-jin has just established a company called Fuyu Group. This company will operate e-commerce, logistics, hotels, cinemas, tourism and other industries. The industries we obtained from Lotte will be operated by Fuyu Group."

"buzz"

Everyone immediately started buzzing.

Everyone finally understood that Cao Yu was actually trying to develop business for Lee Boo Jin. Could it be that the two of them were having an affair?
Although everyone looked at Lee Boo-jin, this woman had a calm and cold expression, but when she looked at Cao Yu, she became obviously gentle.

"Oh my god, President Cao is so awesome! She even seduced the eldest princess of Samsung?"

"No wonder they are doing e-commerce together, it turns out they have been colluding for a long time!"

"I thought Chairman Cho was close to Lee Jae-yong, but after all this time, it turns out he was having an affair with his sister. Amazing!"

……

But Chairman Zheng of Hyundai objected again: "Chairman Cho, if you stay in Korea and take over these industries, there will be no problem, but Miss Lee Boo-jin is a woman after all. How can she be the head of the consortium?"

Cao Yu's eyes widened: "What's wrong with being a woman? Why can't a woman be the president? Germany has a female chancellor, Britain has a female prime minister and queen. Can't a woman just be the president in Korea? Besides, doesn't she have my support?"

When he said this, although some people disagreed, they all shut up.

Although the status of women in South Korea is very low, no one dares to publicly slander women here. If it were exposed, it would probably be boycotted by Korean women.

Lee Boo-jin's eyes almost became tearful when she heard Cao Yu speaking for her and fighting for her interests.

If there weren't so many people here, she would have wanted to throw herself into Cao Yu's arms.

Finally, no one opposed Cao Yu's proposal, and everyone began to divide up Lotte's specific industries.

Everyone wanted to get a bigger piece of the cake, and the fight was fierce.

Fortunately, cinemas, hotels, theme parks, and logistics companies are not heavy manufacturing industries, so it doesn't matter if they are given to Cao Yu and Lee Boo-jin, a couple of adults.

Cao Yu found it somewhat funny to see everyone fighting for Lotte's assets while no one from Lotte was present at all.

"Fuzhen, I will be returning to China in two days. I will leave the matters here to you."

Cao Yu knew that it would take at least a year or two to divide and acquire Lotte. He still had a lot of things to do and couldn't stay here forever.

However, he felt relieved to leave these matters to Lee Boo-jin.

"Well, don't worry, I will definitely handle it and make Fu Yu Group a new consortium."

After Lee Boo-jin finished speaking, she held Cao Yu's hand and said reluctantly, "I just can't bear to leave you."

"I'll come here often." Cao Yu said with a smile, "I won't leave tonight either. I'll keep you company."

"Ah."

When Lee Boo-jin heard this, her legs trembled with excitement. She didn't want to stay here, so she got up and went out.

When she came to the next room, she saw Cao Yu following her, and she immediately hugged Cao Yu: "Yu, love me..."

More than half an hour later, Li Fuzhen said contentedly while tidying up her clothes: "My dear, my father praised you for doing a good job yesterday and said that it was my good fortune that I met you."

"is it?"

Cao Yu smiled softly: "Fuzhen, but our current industry is not enough to make you a real tycoon. I plan to make you more wealthy."

"What kind of wealth is there?"

“Mobile payment! And the Internet ecosystem!”

“Mobile payment. Internet ecology.”

Although Lee Boo-jin seemed to understand, a door seemed to have been opened in her heart, leading to the path of becoming a true chaebol.

(End of this chapter)