Chapter 183 Asking for Help

186, Asking for help

While Tang Wen went to find Ma Piaoliang, Han Ga-in, Han Chae-young, and Lee Young-ae were in a bad situation. Due to the lack of funds, the family company was about to be liquidated.

Yan Zhengxun said anxiously on the phone: "President Cui, please give us a few more days. After the settlement payment from X-star arrives, we will definitely repay the loan in time." (There are really many people with the surname Cui in Korea...)

President Cui: "I'm sorry, Mr. Yan, the headquarters is checking the accounts now. I'm sorry that I can't do anything about it."

Yan Zhengxun wanted to say a few more words, but only heard a "beep beep" sound from the other end of the phone. After putting down the phone with both hands weakly, Han Ga-in, who was standing by, saw her husband like this and was about to go up and comfort him.

"Get out, can't you see I'm upset?" Yan Zhengxun scolded.

Han Ga-in swallowed the words that were on the tip of her tongue and closed the door silently. She also wanted to help her husband with recent affairs, but she was powerless.

Not only her, but also Han Chae Young and Lee Young Ae are in a similar situation at the moment. Han Chae Young's husband is said to be in debt of 10 million US dollars in the current financial crisis.

Before, they could earn back their debts after a few years of hard work. But in the current environment, companies are closing down one after another, and artists can't get any work at all.

It is undoubtedly a pipe dream to want to repay the debt of 10 million US dollars.

Now 10 million US dollars is equal to 50 billion Korean won, which is still out of stock. 50 billion Korean won means that they only made a few hundred million Korean won a year before, 50 billion? They can't make it back in decades.

So they have to plan to return to the big screen and plan to get a "generous" signing fee first. Unfortunately, most of the brokerage companies are currently laying off employees, even if they were very popular before.

Now no one is willing to sign them, which is exactly what Lee Kwon Hyuk is worried about. Because the signing fee they want is really not low, and there are too many better options than them in the current market.

Han Ga In's offer was a 3-year contract with a signing fee of 3 million US dollars, Han Chae Young's offer was a 3-year contract with a signing fee of 2 million US dollars, and Lee Young Ae's offer was the highest, a 1-year contract with a signing fee of 3.5 million.

Lee Kwon Hyuk rejected Lee Young Ae's offer without even a second thought. Are you kidding me? 3.5 million? According to today's calculation, it is more than 17 billion Korean won, enough to sign more than a dozen Girls' Generation girl groups.

That's right, Lee Kwon Hyuk only spent less than 300,000 US dollars to sign the now famous Girls' Generation in Korea. Moreover, they are still in their youth and signed a 10-year long contract, which is much more cost-effective than signing Lee Young Ae. (Li Kwon Hyuk settled the penalty in Korean won, and then paid in US dollars when settling.)

Even with such a low price, others would like to sell more Girls' Generation to Lee Kwon Hyuk.

Lee Young Ae, who was rejected, had no intention of continuing to talk with Lee Kwon Hyuk, but with the financial pressure of her family, she had to start contacting Lee Kwon Hyuk again.

"I'm sorry, Ms. Li, we can't accept your request. You know, the price of a girl group of Girls' Generation is less than 300,000 US dollars now. I think there is no need for us to continue the discussion." Li Quanhe, who received the call from Li Yingai again, was obviously much tougher.

Recently, there have been news reports of female artists going bankrupt. Ordinary people will still care about it at first. But as the economy becomes more and more sluggish, most people have to rely on government subsidies to eat. Who has the time to care about this?

"President Li, we can still continue to discuss the contract fee." Li Yingai said anxiously on the other end of the phone. Her current economy is on the verge of bankruptcy. If she doesn't have funds, she may not even be able to keep her house.

Although houses in South Korea are the least valuable now.

"200,000 US dollars for the signing fee, and the contract is signed for 10 years. If you agree, we will continue. Otherwise, please find another job." Li Quanhe said in a bad tone.

"200,000 US dollars? Signed for 10 years? President Li, are you kidding?" Li Yingai said with gritted teeth.

Li Quanhe was too lazy to talk to her and hung up the phone directly.

"Hello, President Li, President Li?" Listening to the beeping sound from the other end of the phone, Li Yingai was confused.

2 billion US dollars is now converted into 1 billion Korean dollars. This price was also very hurtful in the past, not to mention the 10-year contract.

Li Quanhe now gives all artists who want to join WF Entertainment Company a long-term contract of ten or even fifteen years. Anyway, you can sign it or not. Korea, which is an assembly line for star-making, has no shortage of artists.

Li Yingai wanted to call back to continue bargaining, but she didn't expect the line to be busy.

"Ms. Han, how do you think about my suggestion to you?" Li Quanhe hung up the phone, but before he could put it down, Han Caiying called again.

"President Li, is a 200,000 signing fee and a 10-year contract too harsh?" Han Caiying asked cautiously on the other end of the phone.

"I'm sorry, if you can't accept it, Ms. Han, I can only wish you to find a more suitable one soon. I'm sorry I'm still very busy."

"No, no, no, President Li, I agree, I agree." Before Li Quanhe finished speaking, Han Caiying on the other end of the phone quickly agreed. If she didn't sign the contract, she wouldn't even get the money.

The prices offered by other companies were even more frightening, basically only in the single digits, and some even offered the Korean dollar. If she missed WF Entertainment, she really didn't know what to do.

"Okay, Ms. Han, welcome to join WF Entertainment. If it's convenient, you can come to sign the contract in the afternoon."

"Okay, President Lee, I'll be there on time this afternoon."

Lee Quan Hyuk, who hung up the phone, smiled and said, "Done."

The phone rang again.

"President Lee, this is Han Ga In, you said signing last time..."

"Oh, it's Ms. Han Ga In, I'm Lee Quan Hyuk, regarding the contract, we now have a unified signing fee of 200,000 US dollars, and the contract is a 10-year long contract."

"10 years?" Han Ga In frowned and asked.

Lee Quan Hyuk said disdainfully, "Yes, it's signed for 10 years, and Ms. Han Chae Young has agreed just now."

After listening to this, Han Ga In fell into a dilemma: "I'll think about it, President Lee."

"Beep beep beep"

Han Ga In listened to the hang-up sound on the other end of the phone, and her face turned blue and red. She didn't expect Lee Kwon Hyuk to be so disrespectful. He hung up without saying anything.

It's not Lee Kwon Hyuk's fault. Recently, some veteran female artists still want to talk about treatment with airs. However, with the increasingly declining economy, they are no longer qualified to negotiate conditions.

"If you don't want to talk, get out." Lee Kwon Hyuk hung up the phone with disdain, and then called the secretary to order.

"Notify the secretariat to come and answer the phone. From now on, all artists' contracts will be signed for 10 years, and young girl groups will be signed for 15 years. Those who disagree can get out."

"Yes, boss." The secretary nodded.

Lee Kwon Hyuk is a little disgusted with these veteran female artists who are so arrogant. It's obvious that he is begging them, but he makes it seem like he is begging her to sign.

In South Korea, except for WF Entertainment, almost no company is willing to pay signing fees in US dollars. Even the giant XM company has recently started to use Korean dollars to pay signing fees.

So Lee Kwon Hyuk can easily poach their leading actress Girls' Generation. In Korea, only WF Entertainment Company is rich and powerful and pays salaries in US dollars.

Moreover, the company will provide houses for trainees and artists who do not have houses, and the company will arrange rich food every day. Such treatment is not available in the whole of Korea now.

Female artists who used to be arrogant began to flock to WF Company after bankruptcy. However, what awaits them is a more demanding "indenture".

Lee Kwon Hyuk took out a document and threw it to the secretary and told him: "If the artists on the list want to sign, all the signing fees will be cut in half."

"Yes, boss, I will do it right away." The secretary took the list, and the names of Lee Young Ae and Han Ga In were at the top. The two had been bargaining with Lee Kwon Hyuk for the past few days, which really made him a little annoyed.

Speaking of Han Ga In, her husband Uhm Jung Hoon has been running around trying to build relationships. Their family's loan is about to expire. If they cannot repay it by then, their company will be forced into bankruptcy.

Not only that, the house and car are all gone.

During this period, Yan Zhengxun sold everything he could to plug the hole. Cars, extra villas, yachts and some collections were all exchanged for money.

But now villas are the most expensive "chicken ribs" in South Korea, because those who are willing to buy them are all willing to pay for them with Korean dollars. As soon as they say they want to sell them for US dollars, almost all buyers run away.

Just kidding, the current Korean dollar may become waste paper at any time. The US dollar is still safe, and it is not bad to exchange it for gold.

So now in the black market of South Korea, the exchange rate of US dollars has been rising again and again and has approached 6,000 Korean dollars to 1 US dollar. Unfortunately, there is still no market for it.

Everyone knows that it is still unclear whether South Korea can withstand this financial crisis. Who would use US dollars to exchange for waste paper? As for X Star, it is also willing but unable to do so now.

The settlement of their American branch has been postponed to May. That is to say, the overseas debt settlement of X Star will not be completed until May at the latest.

This time, the international consortium had already made preparations. They blocked the liquidation of overseas assets of Japan, Korea, Southeast Asia, and Silla in order to manipulate foreign exchange.

Without foreign exchange, the country's currency is like waste paper. Among them, Korea is the worst. You should know that 60% of the shares of X Star are controlled by this group of consortiums. It is not too easy for them to postpone the liquidation.

Even some amounts that can be credited in real time have been delayed by them for tax reasons. That's why Korea is so miserable now.

Yan Zhengxun was forced to borrow money at high interest rates. But how can a drop in the bucket fill the hole that is getting bigger and bigger now.

In just a few days, Yan Zhengxun's hair has turned a lot white, and now he is in debt of more than 2 million US dollars. Han Jiaren couldn't bear to see her husband's miserable condition, and she couldn't get through to Li Quanhe's phone.

In a hurry, she took the initiative to come to the headquarters of WF Entertainment Company to negotiate with Li Quanhe in person.

At the door, Han Ga-in met Lee Young-ae who was equally anxious. Her phone number had been blocked by Lee Kwon-hyuk. She had no choice but to visit in person.

After the two looked at each other, they nodded to each other as a greeting. After registering with the receptionist, they walked towards Lee Kwon-hyuk's office together.