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Chapter 344 Losing money

South Korea at the end of the year is no different from usual.

South Korea's westernization is quite serious, and its insistence on tradition is also serious.

This forms a contradictory society, which is most obvious during holidays.

In South Korea, Spring Festival is just a holiday, not very important. At the end of the year, they pay more attention to Christmas.

When the car drove into Seoul, the Christmas trees that appeared on both sides of the road told everything.

You have to wait until the eighth month of the lunar calendar, the Mid-Autumn Festival, to realize that this is actually an Eastern country.

The streets of Seoul are still bustling with traffic and extremely prosperous. Basically, everyone in sight is beaming and full of energy.

This is an era of great economic development. South Korea has just joined the fringes of developed countries as one of the Four Asian Tigers, and ordinary people have made a lot of money.

It was not until the sudden financial crisis that lasted until the end of next year that South Korea's vigorous development momentum came to an abrupt halt.

Xiao Qian visited South Korea many times in her previous life, but they were all after the millennium.

The scene of Seoul he sees now is actually no different from what it will be a few years later.

This is the impact of the financial crisis, which will make a country unable to breathe for a long, long time.

"Representative, you really should find a place to stay here. If you come here often, you'll always stay in a hotel. After all, it's inconvenient."

Luo Chongxi picked him up and gave him a suggestion.

People who travel frequently will stay in hotels, but rich people will be more luxurious. They own houses all over the world, and they feel like they are home wherever they go.

"I'll think about it."

Xiao Qian was also a little moved.

But buying a house in a big city like Seoul is no small matter after all, and he couldn't make up his mind for a moment.

He did not go to Big Hit, but went directly to SM Company.

Li Xiuman's convening was urgent. It was related to the annual financial report, and he, the major shareholder, had to be present.

When I arrived, I found that the venue was very quiet, with only a few people there.

Li Xiuman was sitting in the main seat, with a stern expression and proud eyes, always looking very tall and superior.

The people sitting on both sides are also shareholders of the company.

The major shareholder didn't come, but Jin Yingmin sat there, smiling all the time, and he was regarded as the representative.

Xu Minghuan and Lin Yongwan sat on the other side, and his position was obviously next to Kim Young-min.

This shows the sinister intentions of these guys.

Obviously he is the second largest shareholder of the company, but his position is ranked last, which is deliberately diluting his right to speak.

When doing things in society, position is very important.

Xiao Qian curled her lips and sneered in her heart. She looked calm and calm. She walked over and sat down. She nodded to a few people and did not talk in depth.

We weren't very familiar with each other, so we couldn't easily see each other or talk to each other.

At present, there are only so many shareholders of SM Company, and the scene seems very deserted. However, these people have decision-making power over the company, so it is necessary to have fewer people.

Unlike later SM Corporation, which introduced so many shareholders, they only had dividends and no decision-making or participation authority.

Seeing that everyone had arrived, Li Xiuman seemed to have regained consciousness.

"Everyone, it has been two years since our SM company was established. Just this year, the company finally started operations and launched the first group of artist HOT. As the activities unfolded, the company's finances began to normalize. You are all shareholders of the company,

It’s time to report to you.”

The four shareholders nodded, said nothing, and waited quietly.

SM is not a big company yet, and there are few things going on. There is actually nothing to say.

They, the shareholders, don't care about the company's specific operations, and business matters have nothing to do with them.

What they care about most and can only care about is finances.

Li Xiuman coughed and personally sent the document in hand to everyone. Without waiting for everyone to open it, he spoke directly.

"I'm really sorry. At present, the company is in dire straits. Everything is still a start-up, and there is a lot of investment that needs to be made. Therefore, after this year, there is no profit yet. Please...please bear with me."

Hey, you're in charge of business but you're losing money!

Do you know this situation?

Can a person in charge still be so confident in facing shareholders after losing money?

Xiao Qian waited secretly, wanting to see if any angry shareholder would pick up the bench and hit Li Xiuman.

Unfortunately, the scene was very quiet and no one did this.

Everyone was looking through the documents with their heads down. It seemed that what Li Xiuman said was a very common thing and not worth discussing.

Only Xiao Qian did nothing, sitting upright with his arms folded, just looking at Li Xiuman curiously, wanting to study how thick-skinned this old guy was.

Li Xiuman couldn't stand the sight of him, and was slightly angry. He coughed and asked, "Director Xiao, do you have any opinions?"

"Ah? No, no, I just think President Li did a good job."

He said it so briskly that Li Xiuman's old face turned red.

"You are the company's major shareholder, so you should pay more attention to the company's status. This financial report still needs to be reviewed by you."

Xiao Qian looked at him directly.

"Is it necessary?"

Li Xiuman looked at him coldly with a heavy tone.

"It's very necessary."

Well, Xiao Qian also opened the document, read it in a few glances, and signed his name to express his agreement.

Alas, formalism kills people.

Damn Li Xiuman, you made such a report, are you here to deceive a three-year-old child?

Why is HOT’s activity fund 7.5 billion?

Are those five boys made of gold?

The advertising planning cost was 5.2 billion. He could tell at a glance that it was extremely fake.

Anyway, in the entire financial report, any item involving expenditures, the data are all exaggerated. As a result, HOT's pitiful revenue is naturally not enough to look at.

This is why Lee Soo Man said the company had lost money when he first came up.

If there hadn't been a company of the same nature in South Korea, Xiao Qian might have believed Li Xiuman's lies.

Yes, the financial report they are looking at is obviously fraudulent.

Not only Xiao Qian knew it, but other shareholders obviously knew it too.

Why didn't anyone raise an objection?

Because it's not necessary.

Everyone knows exactly where the intercepted money went.

This is the original purpose of their investment in SM Company, so naturally they will not get hung up on a financial report.

Of all the shareholders, Li Xiuman was most worried about Xiao Qian.

Because unlike other shareholders, he is not Korean and has no entanglements with SM.

If Xiao Qian wants to argue about the financial report, Li Xiuman will be very passive.

Unexpectedly, Xiao Qian remained calm and even happier than the others, which surprised Li Xiuman.

When he looked at Xiao Qian again, his penetrating eyes met, and Li Xiumin was horrified, only to realize that Xiao Qian knew everything.

Could this guy be a spy?

For a moment, this thought even flashed through Li Xiuman's mind.

But he soon destroyed himself.

When he decided to introduce Xiao Qian to SM, he had already done some research. Xiao Qian's background information was very detailed.

Although the background is extraordinary, it is not that sensitive.

"Director Xiao, thank you for your understanding."

What Lee Soo Man said was extremely sincere.

"I believe in Chairman Lee's ability. Under your leadership, SM will definitely develop better and better in the future."

Xiao Qian's attitude was also very sincere.

He knows the future of this company best.

What he values ​​​​is not now.


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