The penniless son of the penniless ...

Chapter 174 Public Opinion Continues to Ferment
The news that Yuetian Group had launched a battle for management rights against Hanjin Group's subsidiary was quickly reported by the media, and many people were shocked by this sudden news. As for the heads of large companies in Goryeo and important figures in the political and financial circles, they were quite disgusted with Yuetian Group's behavior.

If it weren't for the fierce battle between Yinhe Group and Hanjin Group for the company's management rights a few days ago, which caused Hanjin Group to suffer heavy losses, would Xingehao have the courage to confront Zhao Chongxun head-on? He was just a villain who took advantage of the situation!
However, although they despised Xingehao and Yuetian Group's behavior, the others did not have the idea of ​​helping Hanjin Group. After all, they had just received the aid from the IMF, and it was already good enough to revitalize their own company and resume production and operation. How could they care about others? !

……

Recently, the Blue House issued a report on key development industries in the past five years, emphasizing the promotion of enterprise reform, the need to effectively increase the presence of small and medium-sized enterprises in economic life, and reduce the impact of chaebols on the economy; for several large domestic companies that rank very high, Mr. Dae Jong proposed three response methods of "closing, helping and exchanging", the main one being to decisively close down large companies that have no hope, and to provide full support to large companies that have hope.

At this point, everyone quickly thought of Daewoo Group, a top company that is already in debt of hundreds of billions of dollars. Its chairman Kim Woo-joong has now fled abroad for several months. Even the Blue House cannot take over and clean up such a mess.

In addition, the Blue House will also promote business exchanges between companies and try to break the chaebol's monopoly and reduce the chaebol's influence in Goryeo. In the same year, it will significantly increase the budget for the cultural industry to promote the vigorous development of Goryeo's cultural industry in Asia.

……

This series of news has made the heads of these large domestic companies somewhat anxious. Although this time the Blue House is mainly targeting Daewoo Group, a large company that is stuck in the quagmire and unable to save itself, their situation is only slightly better than that of the other party. It is possible that they will also face the same situation as Daewoo Group!
However, some domestic game studios and small and medium-sized entertainment companies could not help but cheer after hearing the news. This is undoubtedly a huge benefit for them. They firmly believe that as long as the Blue House implements relevant measures in the future, they may be able to obtain a considerable amount of capital turnover and their lives will be much better!
In particular, Park Jin-yong, the president of JYP Entertainment, almost cried with joy after hearing the news! He had been having a very hard time in the past few months. Ever since the failure of the investment negotiation with Zhang Junfeng, Park Jin-yong had felt the malice from the entire Korean conglomerate.

After learning that he had an unpleasant experience with Zhang Junfeng, the boss of Comet Capital, the executives of large enterprises and entertainment companies who had some friendship and business dealings with him unilaterally severed ties with him.

Especially after the establishment of Galaxy Group some time ago, his life with JYP Entertainment became even more difficult! Zhang Junfeng and Comet Capital were like a nightmare, and they were almost becoming his inner demons!
He would never believe that the son-in-law of the Five Star Group whom he had confronted in person before could be so powerful. Even the Hanjin Group, which was ranked among the top five in the country, fell into his hands. How could this guy be so terrifying? !
However, when Park Jin-yong heard that SM Entertainment, a company in the same industry, had joined the Galaxy Group, not only had the salaries of its employees and trainees increased significantly, but they were also flooded with commercial performances, advertisements, photo albums, variety show notices, etc. In just two or three months, they had already surpassed the JYP Entertainment, which was living off its capital.

Such a gap made Park Jin-yong quite frustrated, and he even considered selling the company and escaping from the misery. Fortunately, his luck finally returned, and he was finally able to "endure the hardship and enjoy the happiness"!
It's just that Park Jin-yong is obviously too happy. Even if policies that are beneficial to the cultural industry are really introduced, it may not be the turn of their JYP Entertainment to reap the benefits. After all, although there are not many cultural and entertainment companies in Korea, who meets the requirements and can get subsidies and who does not is still a matter of a few words from certain people!

...In the golf course of Shilla Hotel, Zhang Junfeng was playing golf with Li Jae-yong, the vice president of Five Star Group. Of course, they were not just playing golf, but the two were also using this opportunity to discuss cooperation.

"Junfeng, I think you have heard the news from the Blue House, right? What do you think of the Internet industry? If we open a company like this in our country, will it be able to get a huge amount of financing like the Internet companies on Wall Street? And the market value will reach hundreds of millions of dollars?"

After playing ball for a while, Li Zairong sat back in a chair beside him. Looking at his brother-in-law Zhang Junfeng lying beside him, he couldn't help but ask.

Zhang Junfeng heard what Li Zairong said and replied calmly, "I'm not optimistic. After all, Goryeo is not comparable to the world's financial center like the United States! Whether it is from the perspective of population, region or the strength of financial institutions, Internet companies established in Goryeo, no matter how excellent they are, cannot avoid the shortcomings of 'congenital deficiencies'..."

Hearing what Zhang Junfeng said, Li Zairong, who had originally planned to open an Internet company in Goryeo to take advantage of the Internet dividend, showed an embarrassed look on his face. However, Li Zairong, who had matured a lot, quickly restrained his embarrassed expression and then returned to his previous warm smile.

At this moment, the cell phone placed on the table next to him suddenly rang. As soon as Zhang Junfeng answered it, he heard the good news from inside, and Zhang Junfeng was overjoyed.

It turned out to be a call from Nexon's president, Kim Jung-joo. After more than a month of replication and improvement, the instant messaging software that Zhang Junfeng had specifically instructed to develop has been completed. However, most of its current functions are highly similar to those of foreign ICQ software. If it is to be differentiated, it will take a lot of time to continuously update and iterate.

Zhang Junfeng said it didn't matter, he just needed to modify the icon/cover of the instant messaging software. The Korean version was named Kakao Talk and the Chinese version was named Little Penguin.

……

Seeing Zhang Junfeng chatting enthusiastically with the person on the phone, Li Zairong felt dissatisfied. Isn't this brother-in-law a bit of a liar? Obviously, his own people are tinkering with some instant messaging software, why is he still persuading him that he is not optimistic about opening an Internet company in Goryeo? Isn't this double standard? !
(End of this chapter)