China Entertainment: I became a capital tycoon

Chapter 740 738. Acquisition of YG, a shocking scandal in Korean entertainment

The beginning of each year is the time when the most award ceremonies are held in the Korean and Korean entertainment industries.

The Music Awards, the Golden Disc Awards, and various acting awards are all held in January and February.

In addition, "Parasite" received six Oscar nominations during this period, so Minister An of the Ministry of Culture, Sports and Tourism is very busy.

In addition to these award ceremonies, he also has to organize a team of personnel to go to the United States to participate in the award ceremonies. This is an opportunity to bring honor to Korean films and cannot be ignored.

"I heard from Chairman Cho that Girls' Generation is disbanding today, so let's give them a big reward."

"BLACKPINK looks like a good group. As long as their performances are successful, there's no problem in giving them a rookie award."

"T-ARA, EXO, and TVXQ are all established groups, so we should give them some awards."

Minister An kept thinking about how to take care of Chairman Cao in terms of awards.

"As for YG, which has been in the spotlight recently, the group WINNER they launched this year should have won a rookie award, but unfortunately Yang Hyun Suk was too ignorant, so they didn't give him the award."

He was muttering when the phone suddenly rang.

"Who?"

"Minister An, I'm Yang Hyun-suk. Is it convenient to talk?"

"If you have anything to say, just tell me."

Minister An felt that today was quite strange. As soon as he mentioned YG, Yang Hyun-suk called.

Liang Hyun-suk sorted out his thoughts and said, "Minister An, a few days ago, Chairman Cho of FNC expressed his desire to buy our YG. I can see that this person has evil intentions. He, a Chinese, actually wants to control our Korean entertainment industry."

"Chairman Cho wants to buy your YG?"

Before Yang Hyun-suk could finish his words, Minister An interrupted him: "This is a good idea. You have framed Chairman Cho, and now the company is in crisis. If he buys it, it will solve your current problems and prevent the company from going bankrupt."

"."

Liang Hyun Suk was stunned.

Did Minister An listen to me? Are you talking about YG? I am talking about Cao Yu's evil ambitions and his desire to control our entertainment industry!
But Minister An is the head of the entertainment industry after all, so he had to patiently explain: "Minister An, YG is like this now. I want to sell it, but I can't sell it to a Chinese. If he owns YG, then our entertainment industry will probably be named Cao."

"Yang Hyun-suk, what are you talking about? Chairman Cho bought YG, so the entertainment industry can be named Cho? Are you saying that our Ministry of Culture and Sports are just sitting there doing nothing?"

Minister An said angrily, "Also, you slandered Chairman Cao before, have you forgotten the consequences? Are you still trying to stir up trouble now?"

"I"

Liang Hyun-suk didn't know what to say. Why was Minister An speaking for a Chinese like this?

Is it because he helped Hanbang get six Oscar nominations?
Even so, he still needs to be restricted.

Does our entertainment industry really allow a Chinese person to act so arrogantly?
Minister An doesn't think so. He feels that Chairman Cho has made considerable contributions to the promotion of K-POP in Korea in the past two years. He also made Korean dramas shine again with dramas such as "My Love from the Star" and "Descendants of the Sun". What bad intentions could he have?
Besides, "Parasite" has such a good script, but it was filmed in South Korea instead of China. This spirit is selfless and great.

The US dollars he gave me were also very sweet.

How dare you, little Yang Hyun Suk, sow discord?

Its heart is awkward!

He said angrily: "President Liang, YG's current situation is entirely caused by you. Considering that we have known each other for many years, I advise you to be careful about your words and actions!"

"I know."

Hearing Minister An's stern tone, Yang Hyun-suk had no choice but to admit defeat.

Minister An continued, "Your company has been established for so many years. If you don't want it to decline in your hands, you might as well sell it."

"Yes, I'll consider it."

"Chairman Cao is not arguing with you and is willing to buy YG. You have to be sensible. Do you understand?"

After saying this last sentence, Minister An hung up the phone.

"This Yang Hyun-suk is such a fool. He actually went against Chairman Cho!"

After cursing coldly, he looked at the list on the table and said with a smile: "If YG is given to Chairman Cho, then it would be OK to give WINNER a rookie award."

YG Entertainment.

It took Yang Hyun Suk a long time to recover from his confused state.

What happened to Minister An?
He actually asked me to sell the company to FNC?

Am I really spreading rumors? Which Chinese people are not a threat to Hanbang Entertainment? Or are those people above unable to see it?

In fact, he didn't care whether Cao Yu posed a threat or not.

He just wanted to use Minister An's power to let Cao Yu know how powerful he is.

At worst, I can sell YG at a high price.

Now it seems that even this requirement is a bit difficult.

I am a Korean, but I can't even beat a Chinese in my own country.

"Several of the company's famous songwriters and producers have already jumped ship, so we'll just sell the company to him."

After pondering for a long time, Yang Hyun-suk finally decided to compromise with the situation.

If there is no compromise, the company will become rotten and smelly just as Cao Yu said, and in the end it may not even be worth 120 billion won.

……

Compared to the boss of YG Entertainment, FNC's boss Cho has been having a pretty good time lately.

In addition to being busy having children with Jun Ji-hyun, he also took Zhang Xiaotian to meet other women in Korea.

At this time, Zhang Xiaotian understood a truth.

That is a truly strong man. You should not think about manipulating him, but do something beneficial to him to demonstrate your own value.

For example, some women can help him give birth to children, while someone like me can help him in his career.

As for the women around Cao Yu, there are indeed quite a few of them who are skilled.

Is this the entertainment industry?
It's a bit scary, no wonder the divorce rate is so high.

"Clara, I've always promised to take you to China to film, but I haven't kept my promise. When you're done with this, you can come with me."

That morning, Cao Yu woke up from being double-teamed by Li Chengmin and Zhang Xiaotian. He looked at the woman who had been flattering him last night and smiled with satisfaction.

"OPPA, I have waited for this day for too long."

Lee Sung-min was still feeling relaxed from last night’s yoga, and when she heard that Cao Yu was really going to take her to China, she started to get excited again.

"They are all vixens"

Zhang Xiaotian, who was standing by, was woken up. Seeing the two of them being restless again early in the morning, he could only sigh silently in his heart.

She really didn't know how her man's body grew to be so strong.

Does teaching yourself yoga really help to strengthen your waist?
How could he know that Cao Yu was learning authentic yoga, which had been passed down for thousands of years by the upper castes in India.

Otherwise, that old man Gan, who practiced non-violent non-cooperation, could still make his niece's granddaughter pregnant when he was already very old.

With this skill, let alone one dragon and two phoenixes, even the six kittens of T-ARA were defeated by Cao Yu alone.

Just when Cao Yu was doing morning exercises, his phone suddenly rang.

"You go and answer it."

Cao Yu was busy and couldn't free his hands, so he just nodded at Zhang Xiaotian.

Zhang Xiaotian didn’t understand Korean, so he pressed the answer button and put the phone next to Cao Yu’s ear.

"Hello, Chairman Cho, I am YG's Yang Hyun Suk, I accept the price you mentioned last time."

Liang Hyun-suk originally wanted Cao Yu to pay a little more money, but now the company is almost emptied, with only some management, stars and trainees left.

The most precious things are gone, and I can only sell them off with tears.

Cao Yu was busy working, and said with a smile: "It turned out to be President Liang. I thought the price you mentioned last time was too high, about 100 billion won."

"you"

"What about me? I still say that you don't have to sell it!"

"Chairman Cho, after all, our company still has that building, BIGBANG, and many trainees. The value is definitely more than 100 billion."

Now Yang Hyun-suk is really helpless because of Cao Yu's methods, and his tone has become somewhat pleading.

When hearing BIGBANG, Cao Yu thought of the scumbag Lee Seung-ri.

Maybe we can use this guy to do something.

But he was still unwilling to add more money: "Just 100 billion, if it works, it's a deal."

Seeing that Cao Yu refused to give in at all, Liang Hyun-suk's company was anxious to make a move. If they didn't agree this time, they might lose another 10 or 20 billion next time, which would be a huge loss.

After thinking about it, I said, "Okay, I accept it."

After hanging up the phone, Cao Yu quickly subdued Lee Sung-min, put on his clothes, and did not go to FNC, but came to Fu Yu Group.

Not long after, Yang Hyun-suk, who looked like a frost-bitten eggplant, also arrived.

Sign the contract, transfer the money, and the whole process is completed quickly.

The moment Yang Hyun-suk signed his name on the contract, he knew that YG had nothing to do with him anymore.

The man in front of me is simply the scourge of the Korean entertainment industry.

But how come this scoundrel is doing so well?
On the same day, the media broke the news that YG Entertainment, one of the three largest entertainment companies in South Korea, was jointly acquired by FNC and Fuyu Group.

The Korean entertainment industry exploded.

Chairman Cho previously acquired SM Entertainment, and now he has acquired YG Entertainment. Money really can do anything. The sky of the Korean entertainment industry is really going to change.

But this is normal. Who made Yang Hyun-suk so stupid as to slander Chairman Cho?
Kim Ji-soo and Chou Tzu-yu are so beautiful, do they need to go through all this mess?

Besides, Chairman Cho is the richest man in the world and is half Korean. It is normal for him to have made such a great contribution to the Korean entertainment industry and become the de facto boss of the industry.

Anyway, Koreans have long been accustomed to kneeling under the tyranny of American soldiers.

They recognized a strong man like Cao Yu.

While the entire Korea and South Korea were discussing this matter, Cao Yu brought his people and began to take over the entire YG Entertainment.

In YG's largest conference room, many logos representing the original company have been removed and replaced with new ones.

The company was bought and jointly controlled by FNC and Fu Yu Group.

The company's name was also changed to FNY Entertainment Media Company, with Jun Ji-hyun as the president. It is an independent subsidiary.

However, the largest shareholder behind the scenes is still Cao Yu.

Because of the appearance of Cao Yu, YG has not been suppressed by FNC. Although the company is not small in scale, several attempts to go public have not been successful.

This also saved Cao Yu a lot of trouble in acquiring the company.

Now that the company has changed its ownership, it is only a matter of time before it goes public.

In the huge conference room, many artists and trainees under YG were looking at Chairman Cho on the stage, wondering what would happen to them next.

Lisa and Park Chae-young in the crowd held their heads high.

A few days ago, President Cao said that he wanted it all, and this man actually did it.

All of them, including them, of course.

They are naturally willing to commit themselves to such men.

But Cao Yu didn't even look at the two women, but instead looked at a group of men.

???

Everyone was wondering, could it be that this president had a sexual fetish?
Crap
Some androgynous trainees immediately moved their butts and lowered their heads, fearing that they would be noticed by the president.

“Who is BIGBANG?”

At this time, only this name came out of the president's mouth, and then five men who looked a bit ruffian stood up in the crowd.

Everyone saw that the president was not paying attention to the beauties, but was concerned about the men first, and their eyes looked a little strange.

Did the chairman buy YG for these five people?

Cao Yu didn't pay attention to other people's gazes, he just glanced at the five members of BIGBANG, and then asked, "Who is Lee Seungri?"

"President, I am."

One of the men didn't know why the new president singled out his name, but he still raised his hand carefully.

Cao Yu said to Pang Yuan and other bodyguards beside him: "Bring his phone over and keep him under guard!"

When Li Shengli heard that Chairman Cao wanted to look at his phone, his face suddenly changed and he subconsciously wanted to escape.

But how could he be a match for Pang Yuan and his other bodyguards? Before he could even leave the house, he was pinned to the ground and the cell phone in his pocket was snatched away.

Everyone was stunned. What was President Cao going to do?
Why did he suddenly attack Lee Seung-ri? And even snatch his phone? Could it be that this person's phone contained something bad about Chairman Cho?
Could it be that Chairman Cao was doing something and was secretly photographed by Lee Seung-ri?
Pang Yuan didn’t understand why his boss wanted to snatch the man’s phone, but he still followed the order and handed the phone to Cao Yu.

"What's the phone password?"

Cao Yu played with the phone which might contain a big secret, and seeing that Li Shengli was sweating profusely, he walked over and asked with a smile.

Lee Seung-ri was still stubborn: "Chairman, although I am an artist of the company, you have no right to check my phone."

"Snapped!"

Cao Yu slapped Li Shengli in the face with his backhand, causing half of his face to be swollen.

He will not be lenient towards this kind of scum.

Moreover, he wants to make a big move, to bring about a shocking earthquake in the Korean entertainment industry, and at the same time, to sound a wake-up call for the Chinese entertainment industry.

Other BIGBANG teammates who were not far away saw Lee Seung-ri being beaten and some wanted to come over to persuade him.

"Ok?"

As soon as Cao Yu raised his head, the cold light in his eyes scared the other four people back.

Intimidating the others, Cao Yu looked down at Li Shengli and said, "Tell me, what's the password? If you don't tell me, I can find someone to crack it, but you will have to suffer some physical pain."

As he spoke, he raised his hand again.

"I said I said."

Li Shengli knew that he could no longer hide the contents of his phone, and with a look of despair on his face, he had no choice but to tell Cao Yu the password.

"Take away his computer too!"

After getting the password, Cao Yu immediately issued an order.

……

Just when Cao Yu was integrating YG Entertainment, the newly debuted BLACKPINK became more and more popular. Their album sold over 150,000 copies due to good word of mouth.

Kim Ji-soo and Chou Tzu-yu from the group have become very famous.

On January 16, BLACKPIN, who appeared on the Music Bank stage for the first time, won the first place in Music Bank with their title song "DDU-DU DDU-DU", and it seems that they are on the road to becoming a first-tier girl group.

The beautiful looks, catchy melodies and sexy dancing made the audience feel it was unfair not to vote for these six girls.

On the same day, the movie "Parasite" successfully exceeded 15 million viewers, setting the highest box office record for Korean movies.

Just when people were envious of this achievement, an entertainment scandal exploded over South Korea like a bomb.

All of Korea was shocked, the whole country was shocked!
This scandal even spread to China, Japan, and other Southeast Asian countries.

That is Lee Seung-ri, a former member of the YG group BIGBANG. Over the years, he used his popularity to drug and rape countless female fans.

Lee Seung-ri even has a list of names, and he gave these female fans to other friends to play with in order to gain benefits.

There are more than a thousand videos and photos taken by Lee Seung-ri over the years alone.

In addition to Lee Seung-ri, this scandal also implicated many popular idols in the entertainment industry, causing the reputation of many artists from entertainment companies to plummet.

As soon as the news came out, BIGBANG's female fans could no longer sit still. They jumped out to accuse the reporter of spreading rumors and denounced the reporter who reported the incident online.

"A bunch of idiots!"

When Cao Yu saw the news online, he was speechless.

Are these girls really mentally damaged?

So many girls have been persecuted, and you are still whitewashing these beasts. Are idols so important?

Just when the crazy fans of Lee Seung-ri and other male idols were preparing to cause trouble, a large number of pictures and video evidence appeared on Tok Tik.

As soon as these evidences appeared, other people in Hanbang were also angry.

Thousands of people began to petition in front of the police station, demanding severe punishment for Li Shengli and others.

And those brainless fans are all silent
It turns out that my beloved OPPA is such a beastly scum.

so sad.

The idol filter was shattered on the ground.

At the same time, people in South Korea also realized that this matter was exposed thanks to Chairman Cho who acquired YG.

If it weren't for him, who knows how many people these scum would have harmed.

Chairman Cao is simply ridding the entertainment industry of harm.

Under such circumstances, BIGBANG became completely disgraced, and the original YG boss was also cursed to death by people.

At this time, Cao Yu also announced that Lee Seung-ri was fired and that he would demand 10 billion won in compensation from this scumbag to compensate the victimized girls.

Chairman Cao's behavior immediately received support from many people.

This is a conscientious president.

Cao Yu became even greater in the hearts of the Korean and Korean people.

Compared to other entertainment companies, the artists under FNC are a breath of fresh air in the Korean and Korean entertainment circles.

Under such circumstances, the company's stock price soared wildly, reaching 20 billion US dollars in just a few days.

But the scandal is not over yet, and it is getting worse and worse, like an earthquake, involving many unknown things.

The entire Korean entertainment industry seems to be undergoing a major purge.

Everyone estimates that once this storm subsides, no company will be able to compete with FNC, which has remained unscathed.

End of January.

Cao Yu’s work in Korea has been basically completed.

Let the Koreans deal with that shocking scandal themselves.

With Samsung's support, I think the police would not dare to shield these scum.

He wants to return to his country and make a speech in the Chinese entertainment industry regarding the Hanbang scandal, reminding those so-called celebrities to cultivate their moral character and take it as a warning.

Otherwise, even if there is no Chris Wu in the future, there may be someone else.

The Chinese entertainment industry can never be as magical as the Korean one.

(End of this chapter)