Chapter 601 - Drama Production Company— Huanle Shiji (1) – Part 2
When Gun-Ho’s party entered the room, those two men quickly stood up to greet them.
Seukang Li introduced one of the men to Gun-Ho, “This is President Baogang Chen of Huanle Shiji Production Company.”
Gun-Ho extended his hand to Baogang Chen for a handshake.
“I’m Gun-Ho Goo from Korea.”
Baogang Chen introduced the man who he came with, “This is Yan Wu. He is our director.”
Yan Wu gave his business card to Gun-Ho, Seukang Li, and Director Woon-Hak Sim. Gun-Ho thought that it must be the first time for Seukang Li as well to meet this Yan Wu person since he also gave his business card to Seukang Li.
Gun-Ho introduced Director Woon-Hak Sim to those two men.
“This is Director Woon-Hak Sim. He is a famous Korean soap opera production director. He wanted to meet with people in China, who are in the entertainment industry, so I brought him with me.”
Seukang Li introduced Gun-Ho to President Chen and Director Wu again with more details.
“President Goo has several companies in Korea. He is the chairman of GH companies. I personally asked him to have some interest in the drama production field in Shanghai since the industry is hot these days. Thankfully, he made time to visit me today. If you have anything that you’d like to talk to him about, this is your chance to do so.”
“Sounds good.”
Gun-Ho asked in his fluent Chinese, “Mr. President Chen and Mr. Director Li, have you known each other for a long time?”
Baogang Chen responded, “Yes. We’ve been friends from childhood. I’m close to Jien Wang as well.”
“Oh, I see. I was actually beginning to wonder if Director Li was a major shareholder of Huanle Shiji.”
“Well, I can’t outrightly deny that he is a shareholder, but I can’t admit that he is one of my company’s shareholders either.”
“What do you mean?”
Someone ordered beers, and a restaurant staff lady came into the room and filled up each person’s empty glass with beer.
After gulping his beer, Gun-Ho asked, “How do you plan to receive investment funds if you have an investor who is willing to make an investment in your business?”
“The company is already established, so a form of joint venture wouldn’t be feasible. So, I was thinking of transferring the company’s shares to the investor in exchange for his investment funds.”
“Does your company have assets?”
“I’m sorry, but there is no asset. We have fifteen great workers and our expertise and know-hows. That’s all we have.”
Seukang Li chipped in.
“The investments that you have made in China so far are all relatively safe bets. The Jinxi Industrial Park in Kunshan City, that we did together and Antang City’s terminal business that you are doing right now were safe investments because the Chinese partner brought real estate as their investment-in-kind. So, you could make your investment with an easy mind. However, this drama production business is different. It is a highly risky business, but it could be extremely lucrative if it succeeds. There is no guarantee that this business would succeed though.”
“I understand that.”
“I like Korean soap operas and dramas. They make them so interesting and fun to watch. Their editing techniques are amazing. I strongly believe that if we combine Gun-Ho Goo’s funds, and Korea’s advanced techniques and expertise in producing a drama, with China’s manpower in producing a soap opera or a TV drama series, their third try will definitely succeed.”
“Hmm.”
“If you are interested in getting into this interesting industry, please seriously think about it. As Professor Jien Wang said, Jinxi Industrial Park and Antang City’s terminal project is a Cash Cow business. When you were thinking of investing in those two businesses, I told you that you wouldn’t lose money, but you would absolutely make profits even though you might not hit a jackpot. But this time, I can’t guarantee anything even if you decide to make your investment in this industry. No one would be able to guarantee a success in the drama production industry, and that’s the reality.”
“Hmm, I understand what you mean, Director Li. Can I ask how much capital was infused when Huanle Shiji Production Company was established?”