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

The company's shares held steady at 171,500 won at the end of the day, 9.2 percent above the IPO issue price, driving the company's market capitalization to more than 14 trillion won ($12.5 billion).

At this point, the "whether the valuation of AzubuGames is inflated" that has been watched and debated by the outside world has finally come to an end.

Park Ji-hoon's own influence is only 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 dominates the Korean mobile game market, its revenue accounts for less than 30% of total revenue. It's not that AzubuGames' revenue in Korea is low, it's 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, the company has at least one or two phenomenal games every year!

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

Not long ago, Newzoo, a Dutch data analysis agency, released a data through its streaming media tracking platform, and in 2016, e-sports enthusiasts watched e-sports events through AzubuTV for 803.7 million hours!

All of this gives investors confidence.

This price is still in the case of some internal managers and Xu Yanzhen selling some of the shares in their hands. Not only the outside world, but also many people inside are not confident in this valuation, so they take advantage of the rise in stock prices to sell some of the stocks in their hands. Of course, there will certainly not be a big sell-off.

Despite this, the stock price stabilized at 171,500 won!

The stock market will be closed for the next two days of the week, but many economic media have predicted that AzubuGames' stock price will rise on Monday.

Not to mention the outside world, that night, Krystal treated, eat, drink and have a one-stop service, and everyone in the family was invited.

Yoon Hee-jin couldn't spare time on the set, so Krystal specially ordered a food truck and a coffee cart to send it over.

Treat yourself, of course!

Moreover, if it weren't for the need for her to settle the bill, the little guy would have been drunk by Jessica and the others.

That's right, Jessica is taking the lead!

Sure enough, it's my sister.

Park Ji-hoon is not there.

He was invited to drink.

Kim Jung-joo, the founder of NEXON.

NEXON is the largest online game company in South Korea and one of the world's most rotating game companies, with games such as "Bubble Hall", "Kart Run", "Dungeons & Warriors", "MapleStory Island", "Counter-Strike Online", etc., and "MapleStory Island" and "Dungeons & Warriors" still play an important role in NEXON's financial reports.

If it weren't for the lack of cash flow when we acquired RiotGames, the game "League of Legends" would have been classified as NEXON!

It is precisely for this reason that Kim Jung-joo, who was originally reluctant to go public, finally promoted NEXON to be listed in Japan in 2011, and now has a slightly higher market value than AzubuGames, at more than $13 billion.

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

However, they have only met a few times, after all, Park Zhixun at that time was not even a junior brother in his eyes. After that, Park Ji-hoon's focus shifted to investment, e-commerce and other fields, and the two sides did not have a relationship.

Park Ji-hoon doesn't know why he suddenly asked for a relationship to meet him, but he also knows that it has something to do with the listing of AzubuGames.

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

NEXON was founded in 1995, and Kim Jong-joo spent a lot of effort to build it into its current scale, and as a result, a "small" mobile game company, just 5 years after its establishment, has a market value comparable to NEXON, and it will be very complicated for anyone.

The meeting place is at a private clubhouse.

Kim Jong-joo is low-key and does not like to be exposed to the media spotlight, while 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, what a genius!

Park Ji-hoon did not refuse, anyway, he is also a senior in the game field.

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

"Hello, Chairman Kim. Park Ji-hoon had an attitude of neither humility nor arrogance, and he was not flattered by the other party's hospitality.

Today, the two sides are in very different positions.

Not to mention personal wealth, Park Ji-hoon's social influence is much higher than that of Kim Jong-joo! This is also the reason why he has never been complacent because of his wealth, such as Samsung, Hyundai and other conglomerates, his influence is too low.

After a while of greetings, the two sides entered the private room together.

I have forgotten when I last met, but Park Ji-hoon's impression of Kim Jung-joo should be short black hair and very energetic. At this meeting, Kim Jong-joo was also in good spirits, but perhaps because he was nearly 50 years old, his hair was gray, even his eyebrows seemed to be dyed with white frost, and when he laughed, the wrinkles at the corners of his eyes were very obvious.

The years are unforgiving.

Of course, it has nothing to do with what happened to him this year.

In mid-July, he was charged with offering bribes to senior prosecutor Kim Kyung-joon. In 2005, Kim Kyung-joon, a college classmate, bought 10,000 original shares of NEXON at a price of 40,000 won per share, while the market price at that time was 10-150,000 won, and the money was lent to Kim Kyung-joon! In 2006, Kim Kyung-joon cashed out the shares and exchanged them for NEXON Japan shares. At the end of 2015, Kim Kyung-joon sold his shares and made a profit of up to 12 billion won!

Between 2005 and 2015, NEXON was involved in more than a dozen lawsuits involving copyright and intellectual property, and prosecutors suspected Kim Kyung-joon of exerting influence in related cases.

Kim Jong-joo's lawsuit is still ongoing, and he has not escaped the suspicion of bribery.

After receiving the invitation, Park Ji-hoon deliberately investigated his relevant information, so he found out about this.

However, he didn't think he invited himself to drink to get himself to help. He has been prosecuted more than 30 times in the past decade or so, and if he needed the help of a stranger of his own, he would not be safe and sound.

After the two sides exchanged cups and talked about some topics in the Korean game market, Kim Jung-joo suddenly asked, "Why did Chairman Park Ji-hoon suddenly want to list the company? According to me, your company does not seem to be short of funds." ”

If he hadn't suffered a loss of cash flow back then, he wouldn't have let NEXON go public, and he still regrets it!

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

Kim Jung-joo twitched the corner of his eye and filled Park Ji-hoon's glass.

Kim Jong-joo did not believe his words.

Transparency, for people like them who have a strong desire to control, does he still need visibility, he still needs it, his talent is abundant, the company's management system is fair and transparent, the corporate culture penetrates the grassroots, and the enthusiasm of his employees is already very good...... Lies really come with their mouths open.

However, that's right.

In these years, if you can't lie or brag, how can you make the company bigger?

What's more, he is an outsider, and a fool will only confide in the truth after a few glasses of wine.

Kim Jung-joo didn't care, he clinked glasses with Park Ji-hoon again, and after drinking it all, he loosened his neckline and suddenly asked, "What does Chairman Park Ji-hoon think of NEXON?"

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

Suddenly it dawned on him, what is he, planning to sell NEXON to himself?