Chapter 173

Chapter 173

With Christmas approaching, the brightly decorated lobby of Incheon Airport was packed with people.

I checked the time while waiting for a familiar face to appear among the passengers exiting the arrivals hall.

They should be coming out soon. Are immigration procedures taking longer than expected?

Six months earlier, after Chairwoman Han Myunghee approved the sale of Mega Cinema, we immediately got to work.

First, we created a list of global IT companies that might have an interest in entering the Korean market.

Then we focused on preparing our proposal.

Quantum, which owned a search engine and video platform.

Atlas, an e-commerce and cloud giant looking to expand into content.

European tech giant Euronet.

ChinaTech from China.

And several others.

“But this isn’t exactly something we can brute-force.”

Han Taesung frowned as he looked over the list.

“If we just send proposals out of nowhere, are companies like these even going to take them seriously?”

Han Taesung had an impressive global network in film and media.

But IT was a different field.

“Of course not.”

I nodded.

“That’s why I’ve been thinking.”

“There’s someone who could connect us with global IT companies.”

“Really?”

Han Taesung looked surprised.

“There’s someone like that?”

“Who?”

I thought of Ha Sangdo, who worked at the global American investment firm CAI, Inc.

CAI had invested in numerous global IT companies and maintained close relationships with them.

After Cannes, Ha Sangdo and I had grown close enough to call each other hyung and dongsaeng, and we kept in touch regularly.

On top of that, I had recently heard that he had become head of the Asia Investment Team.

I couldn’t think of anyone more suitable.

“You’re trying to sell Mega Cinema, a Korean theater chain?”

Curiosity was clear in Ha Sangdo’s voice over the phone.

Fortunately, he showed strong interest in the Mega Cinema sale.

But when I told him we were targeting global IT companies, his curiosity turned into confusion.

“Director Min, I can introduce you to other companies that might actually be interested in buying theaters.”

“No.”

“If we were only trying to sell the theater chain itself, we could’ve found plenty of buyers domestically.”

“Then you’re saying this isn’t simply a theater sale?”

I explained the package I intended to sell.

“Right.”

“What we’re offering isn’t just a theater chain.”

“We’re selling an infrastructure and content package that can serve as a bridgehead into the Korean market.”

The other end of the phone went silent for a moment.

Then Ha Sangdo asked, sounding genuinely confused.

“Infrastructure and content package?”

I calmly continued.

“Yes.”

“Mega Cinema operates 130 theaters nationwide with around nine hundred screens.”

“But those theaters aren’t simply places where films are shown.”

“They’re a treasure trove of big data.”

“They give access to the preferences and consumption patterns of twenty-three million moviegoers every year.”

“Big data...”

Ha Sangdo muttered quietly.

“Exactly.”

“And on top of that, we offer cooperation with Big Picture’s content-production capability, New Moon’s original web novel IP, and the technology of our VFX Business Division.”

“All bundled into one package.”

A short exclamation came through the receiver.

“Ha...”

“How did you even think of bundling all of that with a theater chain?”

His voice suddenly sounded much brighter.

“If those are the conditions, then global IT companies really could be interested.”

“Especially companies considering expansion into Asia...”

“So, hyung.”

I carefully made my request.

“If there are companies you think might be interested in our proposal, could you connect us?”

Ha Sangdo answered cheerfully.

“Director Min, you know what kind of company CAI is.”

“Of course I’ll help.”

“If one of the companies I introduce ends up acquiring Mega Cinema, CAI will benefit from it too.”

Thanks to Ha Sangdo’s active assistance, we were able to send proposals to the companies on our list.

After several rounds of meetings, we had finally narrowed negotiations down to one company.

While I was briefly lost in those memories, I spotted familiar faces among a group of five or six people emerging from the arrivals hall.

Frank, Quantum’s Head of Asia, whom I had gotten to know through video conferences.

And Ha Sangdo.

When Ha Sangdo spotted me, he broke into a wide smile and waved.

“Director Min!”

I quickly approached the group.

“Welcome.”

“It’s good to finally meet you in person.”

“I’m Min Kibaek, Head of Production at Big Picture.”

Frank extended his hand.

“Director Min, good to meet you.”

“You look much more handsome in person than you did over video calls. Hahaha.”

“Ah, thank you for the compliment.”

“You must be exhausted after such a long trip.”

Frank gestured to the tall, blue-eyed middle-aged man beside him.

“This is Richard, one of Quantum’s vice presidents.”

“It’s an honor to meet you.”

I bowed slightly.

“My name is Min Kibaek.”

“Yes, Frank has told me a lot about you.”

“I look forward to working with you.”

“The pleasure is mine.”

Richard smiled.

“And thank you for coming all the way out here to pick us up personally.”

“You’re honored guests.”

“Of course I had to come myself.”

After greeting the Quantum delegation one by one, I turned to Ha Sangdo and switched to Korean.

“Hyung, the trip wasn’t too exhausting?”

“Not at all.”

He laughed.

“Still, it’s really nice seeing you in person after all those video calls.”

“Oh, and this is Catherine.”

“She works with us at CAI.”

He introduced the blonde middle-aged woman standing next to him.

“Nice to meet you, Catherine.”

“I’m Min Kibaek, Head of Production at Big Picture.”

“Nice to meet you too.”

“I’ve heard a lot about you from James.”

She smiled.

“From our perspective, this deal is also an opportunity to understand the Korean entertainment market as a whole, so we’re watching it with great interest.”

If the transaction succeeded, CAI would participate in the acquisition as an investor holding a stake alongside Quantum.

“Thank you for taking such an interest.”

“For now, let’s head to the cars.”

We left the airport and moved toward the vehicles we had prepared.

The conversation continued on the drive to Seoul.

“By the way, Director Min.”

Ha Sangdo looked impressed.

“Your English has improved tremendously.”

“Compared to Cannes, you sound almost native now.”

“Ah, I guess the phone-English conversation lessons really paid off. Hahaha.”

After Cannes, I had realized just how important English was.

No matter how busy I was, I made time to study every single day without exception.

Richard looked intrigued.

“Ah, right. You two said you first met at Cannes, didn’t you?”

“I really enjoyed Kingdom of Crime, by the way.”

“Still... was Director Min really bad at English back then?”

“Listening to him now, that’s hard to believe.”

Ha Sangdo laughed as though remembering something amusing.

“The whole reason we first became acquainted was because Director Min was struggling at the hotel front desk because his English wasn’t very good.”

“So I helped him out. Hahaha.”

“Wow.”

Frank sounded impressed.

“So you became this fluent in only three years?”

“That’s remarkable.”

Just then, Richard, who had been looking out at the Seoul scenery through the window, spoke.

“Director Min, to be honest, I was skeptical at first.”

“I wondered whether acquiring a theater chain really fit our business model.”

“I understand.”

“For an IP company centered on online services, buying physical theaters that are practically real estate could seem like an outdated idea.”

“Exactly.”

Richard nodded.

“But as we went through these negotiations, my thinking changed quite a lot.”

“And the more I thought about it, the more I liked your idea.”

There was trust in the way he looked at me.

I smiled calmly.

“I’m glad to hear that.”


At the lobby of a luxury hotel in Gangnam, Han Taesung greeted us as we entered.

“Welcome.”

“You must have had a difficult journey.”

“CEO Han, it’s good to finally meet you.”

Richard warmly shook Han Taesung’s hand.

“All right.”

“You must all be tired.”

“Please check in and get some rest first.”

“We’ll meet at the hotel restaurant at seven this evening.”

After seeing everyone to their rooms, Han Taesung and I moved to the hotel lounge.

“I have a good feeling about this.”

“The fact that Quantum sent a vice president all the way to Korea should be a positive sign, shouldn’t it?”

“Maybe.”

Han Taesung remained cautious.

“But we’re still far from reaching an agreement on the price we want.”

“Until the contract is signed, we can’t relax for even a second.”

“Of course.”

Han Taesung took a sip of coffee.

Then he glanced at me as though he had something to say.

“Is there something on your mind?”

“Ah, well...”

He hesitated for a moment before speaking carefully.

“Actually, Atlas contacted me this morning.”

Atlas was one of the global IT companies we had briefly spoken with during the early stages of the Mega Cinema sale.

“Why would Atlas contact you now?”

Han Taesung hesitated again.

“They said that if it’s still possible, they want to participate in the Mega Cinema acquisition.”

For a moment, I just stared at him.

“What?”

“Why now, all of a sudden...?”

“There’s more.”

Han Taesung continued.

“It seems they’re willing to accept our sale terms without argument.”

Wait.

Our sale terms...

“You mean they’re willing to accept the 720-billion-won acquisition price as-is?”

Our original target had been seven hundred billion won.

But strategically, we had opened with 720 billion.

Price negotiations were inevitable.

So we had deliberately built in around twenty billion won as a negotiation card.

That way, the buyer could feel like they had won a price reduction while we still walked away with the exact seven hundred billion won we had planned for.

But Atlas is willing to pay the full 720 billion?

Why?

No.

Right now, why Atlas had suddenly said this was less important than understanding why Han Taesung was bringing it up while we were already in the final stages of negotiations with Quantum.

“Don’t tell me you’re considering switching to Atlas now.”

Of course, in the cold world of business, choosing the party that offered better terms was natural.

But the colder the business world became, the more important trust was alongside the numbers.

Breaking faith for short-term profit would brand a company as opportunistic.

That would become a deadly weakness in future negotiations.

The value of trust, once broken, was far greater than a mere twenty-billion-won difference.

And there was no way Han Taesung didn’t know that.

Still...

Who wouldn’t be tempted by immediate profit?

“I’d be lying if I said I wasn’t tempted.”

Han Taesung smacked his lips regretfully and laughed.

“But that wouldn’t be ethical business practice.”

We had already been negotiating with Quantum for six months.

And Quantum was currently offering only 680 billion won, far below our proposed 720 billion.

On top of that, Chairwoman Han Myunghee was pressuring Han Taesung almost daily for results.

I could understand why he felt cornered.

Then...

An idea suddenly flashed through my mind.

“CEO Han.”

“Yes?”

I smiled.

“Maybe we can use Atlas to gain the upper hand in our negotiations with Quantum.”

Han Taesung tilted his head, clearly not understanding.

“If you watch what happens next, you’ll understand.”

I smiled meaningfully at him.

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