On December 16, azubugames was officially listed on the Seoul Stock Exchange.

The company's stock price remained stable at 171,500 won at the close of the day, 9.2% higher than the IPO issue price, driving the company's market value to more than 14 trillion won (US$12.5 billion).

At this point, the "whether the valuation of azubugames has been viewed by the outside world and debated endlessly has finally come to an end.

Park Ji-hoon's own influence only accounts for a small part, and azubugames' own strategy is the main factor.

While consolidating the local market, we insist on expanding overseas markets. Although azubugames still occupies a leading position in the Korean mobile game market, its revenue accounts for only less than 30% of the total revenue. It is not that azubugames has low income in South Korea, but that the total revenue is too high, so high that it exceeds the total amount of the Korean mobile game market in 2016!

Focusing on R&D and innovation, more than 20 subsidiaries around the world, more than 2,000 R&D personnel, and perfect internal incentives have enabled the company to have at least one or two phenomenal games released every year!

It has its own distribution channel and is very popular, with a large number of users around the world.

The azubutv platform is known as the espn in the gaming industry and the world's largest game live broadcast platform! Not long ago, the Dutch data analysis agency Newzoo released a data through its streaming media tracking platform. In 2016, e-sports enthusiasts watched e-sports events through azubutv for as many as 803.7 million hours!

All of these give investors confidence.

This price is still the case when some internal managers sell some of the stocks in their hands. Not only the outside world, but also many people inside have no confidence in this valuation, so they take advantage of the rise in stock prices to sell some of the stocks in their hands. Of course, they will definitely not sell a large amount.

Despite this, the stock price remained stable at 171,500 won!

The next two days will be weekends, and the stock market will be closed, but many economic media have predicted that the stock price of azubugames will continue to rise on Monday.

Not to mention the outside world, that night, Krystal treated her guests, had one-stop service for food, drinks, and entertainment. Everyone in the family was invited.

Yoon Hee-jin couldn't make time on the set, so Krystal specially ordered a dining cart and sent it to him.

Of course, treats you!

Moreover, if she hadn't had to pay the bill, the little guy would have been drunk by Jessica and others.

That's right, it's Jessica who takes the lead!

It's indeed my real sister.

Park Ji-hoon is not here.

He was invited to have a drink.

Nexon founder Kim Jong-joo.

nexon is the largest online game company in South Korea and one of the most in-round game companies in the world. Its games include "Bubble Hall", "Kart", "Dungeon and Warriors", "State of Adventure", "Counter-Strike Online", etc. To date, the two games, "State of Adventure" and "Dungeon and Warriors", still play an important role in the financial report of nexon.

If it weren't for the lack of cash flow when acquiring riotgames, the game "League of Legends" would have probably been under nexon!

It is precisely because of this that Kim Jong-joo, who was originally unwilling to go public, finally promoted the listing of nexon in Japan in 2011. Now the market value is slightly higher than azubugames, with a market value of just over 13 billion US dollars.

Park Ji-hoon has met him a few times before, but after all, they are all people in the game field, although one is a mobile game and the other is a PC game.

However, I have only met a few times. After all, Park Ji-hoon was not even as good as his younger brother in his eyes. Later, Park Ji-hoon's focus shifted to investment, e-commerce and other fields, and the two sides had no friendship.

Park Ji-hoon didn't know why he suddenly contacted him, but I think he also knew it was related to the listing of azubugames.

Moreover, Kim Jong-joo's mood must be very complicated.

nexon was established in 1995. Kim Jong-joo spent countless efforts to build it to its current scale. As a result, a "small" mobile game company, which was just 5 years old, had a market value of nearly 100. It would be very complicated for anyone to feel.

The meeting place between the two parties was at a private club.

Kim Jong-joo is low-key and doesn't like to be exposed to the media spotlight. Park Ji-hoon is the most famous star in South Korea, which is why he was not optimistic about Park Ji-hoon's mobile game company before.

Unexpectedly, he is really a genius!

Park Ji-hoon did not refuse, and he was still a senior in the game field.

"Hello, President Park Ji-hoon." Kim Jong-joo stood at the door to greet him.

"Hello, President Kim." Park Ji-hoon looked neither humble nor arrogant, and was not flattered by the other party's attentiveness.

The status of both sides is now completely different.

Without mentioning personal wealth, Park Ji-hoon's social influence is much higher than that of Kim Jong-joo! This is also the reason why he never complacent about his wealth. For example, consortiums such as Samsung and Hyundai have too low influence.

After a greeting between the two sides, they entered the private room together.

I forgot when I met last time, but the impression of Kim Jong-joo in Park Ji-hoon was that Kim Jong-joo should have short black hair and was very energetic. This time, Kim Jong-joo was also very energetic, but perhaps because he was nearly 50 years old, his hair was gray and even his eyebrows seemed to be stained with white frost. When he laughed, the wrinkles at the corners of his eyes were very obvious.

Time is forbidden.

Of course, it has nothing to do with what he has experienced this year.

In mid-July this year, he was accused of bribing senior prosecutor Kim Qingjun. Kim Qingjun was his college classmate. In 2005, he purchased 10,000 shares of nexon's original shares at a price of 40,000 won per share, while the market price at that time was 100,000-150,000 won, and the money was lent to Kim Qingjun! In 2006, Kim Qingjun cashed out the stock and exchanged it for nexon's Japanese company. At the end of 2015, Kim Qingjun sold the stocks and made a profit of up to 12 billion won!

From 2005 to 2015, nexon was involved in more than a dozen litigation cases involving copyright and intellectual property rights, and the prosecution suspected that Kim Qingjun had exerted influence in the related cases.

Kim Jong-joo's lawsuit continues and has not been freed from the suspicion of bribery.

After receiving the invitation, Park Ji-hoon specially investigated his relevant information, so he learned about this.

However, he does not think that he invited himself to drink to help. He has been prosecuted more than 30 times in the past decade. If he needed a stranger to help, he would not be safe until now.

After talking about some topics in the Korean game market, Kim Jong-joo suddenly asked: "How come President Park Ji-hoon suddenly wanted to list the company? According to what I said, your company does not seem to be short of funds."

If he hadn't suffered from insufficient cash flow back then, he wouldn't have let nexon go public, and he still regrets it now!

"In order to increase the company's transparency, popularity, attract talents, and motivate employees..." Park Ji-hoon replied casually.

Kim Jong-joo sniffed and filled Park Ji-hoon's wine glass.

Kim Jong-joo didn't believe his words.

Transparency, for people like them who are highly controlled, does he still need popularity? He has a lot of talents, a fair and transparent company management system, a corporate culture penetrates the grassroots level, and the enthusiasm of its employees is already very good... Lies are really a joke.

But that's right.

Nowadays, I can’t lie or brag, how can I make the company bigger?

What's more, he is an outsider, and a fool can only reveal the truth after drinking a few glasses of wine.

Kim Jong-joo didn't care, so he clinked the glass with Park Ji-hoon again. After drinking it all, he loosened his collar and suddenly asked, "How about President Park Ji-hoon's Nexon?"

Park Ji-hoon was stunned, put down his wine glass and looked into his eyes.
Chapter completed!