Chapter 165
Jinyoung angrily headed to the place where Hyunwoo and his entourage were waiting for him.
Only a mont ago he was thrilled to et Jinhon, the composer of Duckling Fly, but he felt pretty disappointed now.
When he entered the conference room, they greeted him gladly, “Hello!”
Though he was disappointed at Hyunwoo, he couldn’t show his feelings to the students.
Hiding his disappointnt, he greeted them warmly, “Nice to et you, guys. By the way, can you wait a bit here? I’ve got sothing to talk with Hyunwoo briefly. Hyunwoo, can you see a second?”
“Yes, brother,” said Hyunwoo.
He followed Jinyoung at a brisk pace.
As soon as they entered another conference room, the atmosphere beca heavy.
“I’m disappointed, Hyunwoo. How could you do that to ?”
“What the heck are you talking about?” asked Hyunwoo with a surprised look.
Jinyoung explained to him about what Taesu had told him.
Hearing his explanation, Hyunwoo flatly denied, “That’s just ridiculous. I’ve never talked to anyone about you or Nami. I’m serious.”
“Then, how did Taesu find it out?”
Hyunwoo had no idea whatsoever. Suddenly, he ca to think of one unusual thing.
“So ti ago, I t Nami at a cafe in Yangpyong. Though she was extrely busy, she could take ti out to see . I guess Taesu ca to learn about at that ti and did a background check on behind my back.”
“I don’t think background check on you would reveal our secret conversation.”
“Did Taesu tell you about it in detail?”
Jinyoung stopped for a mont because Taesu’s questioning was not so detailed. He just ntioned sothing bad about himself broadly.
Snapping his fingers, Hyunwoo said, “Obviously, Taesu must have jumped to conclusions about you. As it was clear that I was close to you and Nami, he tried to learn your response by throwing such questions.”
Jinyoung smiled at that with a sigh of relief. Actually, that was Taesu’s specialty. If any entertainer got trapped by his trick, that would an the end of his or her life in the entertainnt world.
“You didn’t say anything about our conservation to anybody else, right?”
“I swear it! Never.”
“Phew, I feel now much relieved to hear that. I was so tense that I broke out into a cold sweat.”
“Taesu is such a terrible guy, isn’t he?”
“Not only terrible but also very dirty. I don’t think we should talk about him in a place like this. I’m afraid that sobody might eavesdrop on us.”
Hyunwoo quickly looked around, and fortunately, there was nobody there.
They went back to the conference room where Jinhon and his friends were waiting.
They brightened their faces before the students.
“Hahaha, welco, guys. I’m glad to see you. Who is Jinhon Kwak?”
After hugging them one by one, Jinyoung looked for Jinhon.
Raising his hand quickly, Jinhon ca forward, “Yes, sir. I’m Jinhon.”
“Oh, you are! Terrific! I was really surprised to hear Duckling Fly. Your dancing is also terrific.”
“Actually, the dancing style was developed by this friend of mine,” said Jinhon, praising Suljoon Kim.
“Hey, Jinhon, won’t you get into the US market?”
Jinhon grinned from ear to ear. Though he expected such an offer, he felt he was walking on air when Jinyoung ntioned it in person.
“Absolutely, sir. I’ll do my best if you give a chance.”
“Great. You can just trust and follow from now on. I’ll take care of everything. Oh, not alone. Hyunwoo and I will manage your activities, so just focus on music. Also, take good care of your voice and your physical condition.”
“Yes, I got it, sir.”
With a satisfied smile, Jinyoung called sobody. A little later soone who looked about the sa age as Hyunwoo ca into the conference room.
“Did you call ?”
“Can you show these students around the broadcasting company? I’ve got sothing to discuss with this gentleman.”
After he took them out of the room, Hyunwoo asked, “What is he?”
“He will be the manager of Jinhon.”
Hyunwoo opened his eyes wide and asked, “I thought you would be Jinhon’s manager.”
“Of course, I’ll take direct control of Jinhon, but as you know, I have a contract on the sitcom at the mont, so I can’t take out enough ti to manage Jinhon right now.”
Hyunwoo nodded. He forgot that Jinyoung appeared in the sitcom ‘Wolf and Fox’ featuring Nami Yu.
“Don’t worry, though. That guy was my alter ego in my pri ti. When I was running JYP, that guy helped move into the US market.”
Jinyoung said he had three great managers when he was so active in the US market. Two of them left, but the man who Hyunwoo saw a mont ago was the only manager who didn’t leave Jinyoung.
“May I ask where are those two managers who left you?”
Jinyoung made a hearty laugh at that and said, “Hahaha. I think I made worthless remarks. Let bygones be bygones, dude. Anyway, let make Jinhon an entertainnt star, so I’ll rely on your financial backing.”
“Got it.”
“By the way, it looks like you’re financially very stable. Can you back up financially to the end?”
Actually, Hyunwoo didn’t worry too much about supporting Jinyoung’s project. He could take out 6 billion won with his stocks in N&C in Vietnam as collateral. Though he took out so loans to support Ani & Funny, the startup costs were less than 500 million won.
The only thing that bothered him was his father Duyoung Jang’s research project.
If he hit upon a great idea tomorrow and started a new business, even 6 billion won might not be enough because he had to compete with large companies, but it was stupid for Hyunwoo to prepare that huge amount of money in advance.
“Just trust , brother!”
“Sure. Do you have the contract? I’ve prepared a draft here,” said Jinyoung.
Of course, Hyunwoo prepared one, too.
What was most important was the transparency of expenses. Though he could trust Jinyoung confidently, any opaque expenses could cause a lot of headaches later and the source of misunderstanding. As he was ready to entrust the whole operation of managent to Jinyoung, Hyunwoo only cared about the transparency of the expenses of Jinhon’s musical activities.
The gist of Hyunwoo’s contract was the extent of Jinhon’s activities and the division of the profits. From now on Jinyoung would be taking care of all the musical activities related to Jinhon and Angela’s Duckling Fly, and Jinyoung would take 15-25% of the total profits. He was supposed to take 15% of the profits of the existing song.
Actually, Hyunwoo’s contract was quite reasonable. These days the managent companies took at least 40% and even 70% of the profits.
Taking a review of the contract, Hyunwoo looked at him with a satisfied smile, but Jinyoung seed disgruntled. It was because of one clause Hyunwoo put in for transparency of how the expenses were to be paid.
“Do you want to pay all the expenses?” asked Jinyoung.
“Yes, let lend you money at the interest rate of 7.5% per year.”
“Can I ask why you inserted this clause? Are you concerned I might submit fake receipts?”
Hyunwoo didn’t deny that. He just preferred transparency about everything because mutual misunderstanding caused by business could damage human relations.
“That’s right. Inserting that clause, I thought we should not waste too much ti on unnecessary stuff.”
Jinyoung nodded his head and said, “Got it, man. Instead, let’s change the division ratio of the profits. Let include all the expenses here.”
“Of course, you should.”
After so hard thinking, Jinyoung modified the profits ratio. He increased it by 5% to 20~30% of the total profits. The rest of the profits will be divided between Hyunwoo and Jinhon according to the contract.
After signing the contract, they held their hands tightly and said, “Let’s hit the jackpot!”
“I only trust you, brother!”
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