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01x11 - Episode 11

Episode transcripts for the TV show, "The Art of Negotiation". Aired: March 8 – April 13, 2025.*
Watch/Buy Amazon


The series depicts the exploits of a major corporation's M&A expert, known as a legendary negotiator, and his team.

01x11 - Episode 11

Post by bunniefuu »

Oh Woon, hold on.

I'll get going.

Can you hold on a second?

I'm not that hungry. I'll just get going.

Please wait a second.

It'll go to waste if you don't take it.

No one will be around to eat it.

Hello?

Hello? Oh Woon, is that you?

Oh Woon.

Can you put An Na on the phone?

Hey, Joo No.

How did you know it was me?

You always call around this time of day.

I know.

Oh Woon still refuses to talk to me.

But at least she's now
picking up the phone.

- I guess that's a relief.
- Of course it is.

You didn't say you were her dad, right?

No, I didn't.

Good. How's work?

It's going well and will be over soon.

Is it going your way?

Yes. You don't have to worry.

Sure.

Still, be careful.

Got it.

[Episode 11: Retribution]

Yoon Joo Seok is the older brother...

of M and A Team's Team Manager Yoon Joo No.

The prosecution questioned him...

after he was found in possession
of JUMBO Pharma's shares.

Yes. Yoon Joo No was in charge...

of investing in JUMBO Pharma at the time.

How come nothing happened though?

His brother passed away.

Of course. He k*lled himself.

Yoon Joo No has one
hapless life, doesn't he?

And now, it's his turn.

There's also this.

[JUMBO Pharma Analysis Report]

[M and A Team, Yoon Joo No]

[Introducing JUMBO Pharma]

It's Yoon Joo No's analysis
report of JUMBO Pharma...

from when the company was
considering an investment.

Was this also sent anonymously?

No, this came from the Strategy
and Planning Department.

Not the M and A Team's office?

No, sir.

Nothing was found during that search.

Director Ha led the M and A Team...

when JUMBO Pharma was being evaluated.

He was Yoon Joo No's direct supervisor.

Right, no wonder.

I had no idea how shady Yoon Joo No was.

Unbelievable.

I'm kicking myself for
wanting him on our side.

Our side?

Sorry?

Weren't you planning to join his?

Director Ha,

come on.

You told me to be chummy with Yoon Joo No.

Right.

Wait, no. When did I say that?

I asked if it'd be wise to
be on good terms with him.

Forget it.

Wait, there shouldn't be
any misunderstandings.

My only intention was to ask you...

if you were willing to bring
Yoon Joo No onto our side...

and get your approval. Never did I...

What on earth did you think I meant?

Just leave it.

You still don't believe me.

Come on.

What can I do to change your mind?

Should I pick a fight with Yoon Joo No?

- Or maybe I kneel... - That's enough.

- We'll drink and forget. - No.

Director Ha, this isn't
something to forget.

Clink your glass against
mine, and I'll believe you.

There.

So much for warning you about Yoon Joo No.

Tell me about it.

The anonymous letter
caught me entirely off guard.

An anonymous letter?

Right. I haven't told you about that yet.

You see,

an anonymous letter was
sent to the Audit Team.

[Korea Securities Depository]

What on earth is going on?

Isn't this ill*gal?

It's not.

Each company has its own set of rules...

known as the Articles of Association.

Still. The laptop and
documents are Mr. Yoon's.

They can't just take them away.

They belong to the company.

That's why when suspected of wrongdoing,

the company can confiscate anything.

[Shareholder meeting notice]

[8th General Shareholder Meeting Notice]

JUMBO Pharma?

The Audit Team received what
should've gone to Yoon Joo No.

Unbelievable.

That punk.

So this is what he came back to hide.

I see.

What happened?

You are being audited.

On what grounds?

You're accused of ill*gal trading
using unreleased inside information.

[Internal Audit Notification]

[Manager Yoon Joo No is suspended...]

[as of October 29, 2024.]

I'm being accused...

of manipulating the market.

What?

Mr. Yoon.

It's not true, is it?

What turned up...

is even more damning than
prints on a m*rder weapon.

He was never like this before.

Back when he worked under you?

That's right.

It's normal for people...

to be unfazed by money when you deal...

with big numbers. That, I understand.

You're right.

When working in M and A,

you're constantly tempted.

It goes without saying.

Have you ever been tempted?

Of course.

There was this one time.

It was so long ago that
the details are lost on me.

Someone looking for an
investment came to see me at home.

- He came to your house? - Yes.

Not my unit, by to my apartment complex.

Still. That reeks of desperation.

I figured as much.

Sure.

[Introducing JUMBO Pharma]

[New drug development]

We're currently preparing...

for phase three of our clinical trial...

and are urgently seeking funding.

By the way, phase three
is a guaranteed success.

You won't have to worry about that.

Once this drug hits the market,

it'll reshape the world.

It could even win the Nobel Prize.

Nobel Prize, my foot.

So tell me. How much do you need?

What?

Well,

about ten million dollars will do.

Come on. Couldn't you have said it better?

Sorry?

A million dollars or
two isn't chump change.

Why would you say
"about" ten million dollars...

and not the exact amount?

We need ten million dollars.

Really?

Is it just ten million dollars you need?

You did the math, and
the calculator spit out...

ten million dollars on the nose?

Actually,

we need about 8.7 million dollars. I mean,

we need 8.7 million dollars.

There you go.

That's how you should
say it even if it is a lie.

Who'd believe the number
actually being ten million?

It's the same with 8.7.

It should've been more like 8.725 million.

That's the number you should say...

if you're going to run a scam.

Mr. Ha, this isn't a scam.

There's no way of estimating...

how much will be spent on
research and development.

If only tests succeeded
on their first attempts...

But that's never the case.

Even I can't guarantee...

how many tests we'll need to conduct.

That's why it's better to
have a larger reserve of funds.

Come on. Are you kidding me?

That's what investors hate to hear.

You don't know when you'll find success...

but are asking for an investment.

That's not it.

It'll happen. We're almost there.

On top of that, we'll be
funded by the government.

Then it'll be a done deal.

Since it's impossible to go
up against government funding,

competitors usually give up.

However, to receive that funding,

we need good results from
phase three of the clinical trial.

That's what has us desperate,

but the drug is solid.

I'm only trying to expedite the project...

before our competitors catch up.

Mr. Ha, please.

All we need is 8.7 million dollars.

The amount isn't the issue.

It's certainty we need.

Unbelievable.

Right here.

This is not the way to
compose your IR report.

You need to tell a story.

- Our IR report? - This right here.

- I see. - Look at this section.

Who cares how many
papers this researcher wrote?

How many people in this world
would even know what this is?

I see.

A script...

needs drama.

Drama.

- Do you get what I mean?
- Pardon? Yes, sir.

I'm not fond of this attitude either.

I mean,

be more assertive.

My gosh.

Unbelievable.

Mr. Ha, that's not something...

I'm good at,

but my company...

has what it takes.

- With just 8.7 million dollars...
- CEO Ko.

I doubt you know what I make in a year.

- Sorry? - Do you?

I don't.

People assume you rake in millions...

as a company executive,

but that's hardly the case.

You'll probably make more.

Gosh, of course not.

As if.

To be honest, I'm jealous of you.

What you have is yours.

You have a chance to win big.

It isn't mine alone.

- My employees also... - Seriously?

How much of the shares do you own?

About 50 percent.

See?

It's clearly yours.

Lucky you.

You must not know the
predicament I'd face...

if the company were to
invest in your business.

You have it rough, don't you?

Maintaining a sound mind is
impossible in this line of work.

I'm not asking for money to use personally,

but it requires convincing those idiots...

and grovelling to those
with a chip on their shoulder.

To do so, I must wine and
dine them out of my own pocket.

I see.

Let's say I managed to jump
through all those hoops...

to get you that investment.

What follows...

is my presentation of
the deal to the chairman.

What do you think that implies?

I'm sticking my own neck
out to vouch for the investment.

So why should I go
through all that trouble?

My salary stays the same
whether you get the funding or not.

Put yourself in my shoes.
Wouldn't you agree?

I'm better off not proposing this at all.

Also, what if I did all of that...

and the project flops?

The company will hold me accountable.

You understand me, don't you?

Mr. Ha, this drug...

It'll be a hit. It won't be a flop.

You should also know...

that children with
developmental challenges...

will benefit from this drug.

Exactly.

Should this project be successful,

only you will benefit from it.

If it flops, I'll face termination.

So considering the outcome,

why would I do something...

that solely benefits another?

Let's be real.

How does 500,000 dollars sound?

[CEO Ko Byung Soo]

- You're a scientist with a PhD. - Right.

- Dr. Ko Byung Soo. - That's right.

That's a good photo of you.

Thank you.

But I take it...

you spent most of your
time working in your lab.

You're terrible at conducting business.

Sorry?

I told you I didn't earn much,

so you assumed I was
someone who could be bought.

Gosh, no.

What kind of a loser do you think I am?

I'm sorry.

Just leave.

I'll consider this conversation
as though it never happened.

Seriously, that fool.

He's awfully dense.

How can he run a business?

I scolded him. I guess it scared him.

I haven't heard from him since.

My goodness.

It would've scared me too.

But weren't you torn when
he offered 500,000 dollars?

Well, should I have changed
my mind at that moment?

Then I would've earned big
money and moved to the US already.

Right.

Hang on now. Are you suspecting me?

No, of course not.

The truth is, you were on
the M and A Team back then.

So technically, the Audit Team
should interview you as well,

but I told them not to.

I'll tell them I interviewed you
because we're talking now anyway.

That's why I suggested we meet today.

They're conducting...

thorough interviews with
Mr. Yoon and his team right now.

- Thanks. - No problem.

By the way, it won't be
easy with Yoon Joo No.

He's extremely clever when
it comes to stuff like that.

That may be the case,
but we have solid evidence.

Who sent this anonymous letter?

Well, I have to say it looks like...

Me?

Hey, no. It wasn't me.

[Notice of Internal Audit]

[Special Audit, M and A Team]

[Manager Yoon Joo No is
suspended as of October 29, 2024.]

Mr. Yoon.

It's not true, is it?

No. I told you.

- Mr. Yoon. - Jin Soo.

Unlawful use of insider
information? It is true.

JUMBO Pharma.

Have you heard of them?

Have you heard of JUMBO?

No, I have not.

JUMBO.

They make an ADHD medication.

- ADHD? - Yes.

Attention deficit hyperactivity disorder.

Most ADHD medications
are manufactured in the US.

They're the first Korean
ADHD medication manufacturer.

It's half the price of the
ones made in the US.

They totally hit the jackpot with it.

They're now developing a drug...

for children with developmental challenges.

Developmental challenges?
You mean, like autism?

Yes.

But these days, they call it ASD,

autism spectrum disorder.

I see.

You know, autism spectrum disorder is...

I guess it depends on the symptoms,

but it doesn't only affect the patient.

The whole family has
to care for the patient.

Right.

Anyway, many companies have
talked about developing a cure,

but it's the only one
that has shown results.

- JUMBO Pharma? - Yes.

They're already doing a phase-three trial.

But the company seems to
be struggling financially now.

It costs a lot of money to
develop a new drug, you know.

And you have to move fast.

The one who develops it first...

and gets a patent will
reap all the benefits.

How long does a
pharmaceutical patent right last?

Twenty years.

That's right.

It means they can dominate
the market for 20 years.

That's huge.

On top of that, they'll soon be
selected for a national project.

- Are you sure? - Of course, I am.

I have my sources.

So, they want to complete
their phase-three trial quickly.

Once JUMBO is selected for the project,

the other companies will
have no choice but to give up.

Okay. Then shall we review
investing in the company?

No, let's put a rush on this.

I told them it wouldn't
be a simple investment.

I said we'd buy up their main stock.

Eight million dollars
worth of new shares...

and four million for their old shares.

Their old shares too?

Come on. I told them
to just hand those over.

What do you say?

Don't you think there's no
reason for us not to pursue this?

You're right.

Based on what you told me
now, it seems attractive enough.

- However... - Okay.

Then I'll go ahead and have
them sign a right of first offer.

Do you want to meet them with me?

Sure.

When will you meet them?

Today.

- Today? - That's right.

Actually, he should be here any minute now.

My gosh.

He came right on time.

- Come on in. - Hello, Director Ha.

- Oh, you have a guest. - Yes.

This is the manager of the team.
He's the one who calls the shots.

I see. It's very nice to meet you.

I'm Ko Byung Soo from JUMBO Pharma.

This is Dr. Ko.

Hello, I'm Yoon Joo No.

- Hello. - It's a pleasure to meet you.

Mr. Yoon.

Here's the right of first offer.

Thank you, Attorney Oh.

Are there no issues?

No, everything looks good on paper.

What about IR?

It looks good.

I know. You did a good job with it.

It's all thanks to you.

Oh, please. This is good
for all parties involved.

- Thank you. - You're welcome.

All right.

Oh, we were just talking about...

what inspired Dr. Ko to develop the drug.

Yes.

The truth is,

I made up my mind to develop this drug...

because my child is autistic.

Your child has autism spectrum disorder?

Yes.

As a father who specializes in
pharmaceutical development,

I figured I should at
least treat my own child.

Right, I understand.

Yes.

I really poured my heart and soul into it.

So, what's the total amount you need?

In total, it's 12.154 million dollars.

Right, the amount is very specific.

Is it because you have
a detailed plan laid out?

Yes, I'm certain that it'll all work out.

I imagine there can be many
hurdles while developing a new drug.

I didn't know the process allowed
such a detailed and specific plan.

Well, that's...

That's because we're
in the final stages now.

[New Drug Development]

[Developmental Disabilities]

By the way,

I know I mentioned about
my child being autistic,

but you don't need to
feel pressured to do this.

Do you not need the money?

Pardon me?

You've practically devoted
your life to developing this drug,

so you must want this to succeed.

And you need the money to do this.

Well...

That's not what I meant.

There are many other
companies that want to invest in it.

It doesn't have to be Sanin.

Then is there a specific
reason you came to us first?

Pardon?

When you're developing a new drug,

you'd work yourself to the bone to do it.

Then random companies would
develop something similar...

and sell it, right?

Yes.

Right, so to prevent something like that,

you should join hands
with a big company like us.

No one would do such a thing
because they'd be scared of Sanin.

Right. If we join hands with Sanin,

we won't have to worry about
other companies copying our product.

Exactly.

I mean, that won't happen.

But if anyone pulls that
on us, we'll make them pay.

Yes.

All right. Don't you worry.

First, let's sign...

this agreement.

Wait, this is...

Signing this means we can
only negotiate with Sanin, right?

You see, I'm always working in the lab,

so I don't know much about these things.

That's correct.

This grants us an exclusive right...

to negotiate with you for a month.

In turn, we'll put down a
deposit of 100,000 dollars.

But there was another company
that requested a meeting with me,

and I told them I'd meet them.

I don't think I can back
out of the meeting now.

Then we shouldn't sign this today.

My goodness.

You sure know how to
negotiate since you're a CEO.

All right. Then give us a week.

However, we can only give
you 50,000 dollars as a deposit.

- Not 100,000 dollars? - That's right.

We'll have to decide in a
week, which is quite risky.

No, Director Ha.

If it's one week, I don't think
we can put down a deposit.

- Really? - Yes.

We asked for a month,
and even that's not enough.

If it's just one week,

we can't conduct due diligence.

I'm afraid we can't pay a deposit...

without completing the
due diligence process.

We can finish it quickly.

Put a rush on it and finish
reviewing the documents at least.

- But still... - Come on.

Dr. Ko here doesn't
seem like a liar, does he?

Well, then...

Sanin will get a week of exclusivity.

As for the deposit, it'll be


Okay.

Let's do that.

So?

Did you agree to it?

But it's not considered
stock price manipulation.

Did you manipulate the stock price too?

We'll talk about the rest another time.

They'll interview the two of you as well.

Just tell them what you know.

I'm off.

What did I tell you?

I told you I couldn't trust him.

I apologize, sir.

Hey, why are you talking like that?

Is someone else listening right now?

So?

What's the plan now?

I think a disciplinary
hearing will be held.

He'll get a chance to
explain everything there.

Oh, boy.

Be honest with me.

You.

Do you trust him?

Tell me.

Yes, come in.

Director Ha Tae Soo and
Director Cho Beom Soo are here.

Come on in.

Sit.

Attorney Oh.

Take my advice for Mr. Yoon's sake.

Don't try to refute it. Just admit it.

I suggest you resolve
this politically and resign.

You know what will happen
at the disciplinary hearing.

Yes.

I know I'd be going there
to be punished, but...

Exactly.

People think it'll be like a trial,
but you know that's not the case.

I suggest you try to persuade him.

Okay, I'll try talking to him.

You see, the evidence we have
is... I can't get into the details,

but it's solid.

How solid?

A hundred percent.

So, you're sure it was
Yoon Joo No? Is that it?

Yes, sir.

Then hand him over to the police.

Sir, the thing is,

considering the situation
Sanin is in right now,

nothing good will come out...

of people outside the
company finding out about this.

Sir, may I say something?

Yes.

A disciplinary hearing must be held.

If we don't do it despite
receiving the anonymous letter,

it could cause a bigger
problem down the road.

So what, then?

First, we'll kick him out.

Then Sanin...

will sue him. That'll be the
most hassle-free solution.

We'll seek compensation for the damages...

when Yoon Joo No is no
longer a Sanin employee.

All right. Do that, then.

Well...

Sir, then who should be the
head of the disciplinary committee?

Why are you asking me that?

Is it my job to decide that?

No, we'll take care of it.

Darn it. This is all
because of Yoon Joo No.

You can lead the disciplinary committee.

The legal manager, the
audit manager, and I...

will join the hearing.

I'll be there too.

How could you say that,
knowing the situation?

Director Lee.

Director Ha and I will take care of it.

With the audit manager and the legal
manager, we'll have enough people.

How many people do you need
on the disciplinary committee?

Under five.

Then I'll join too.

Everyone in the company knows
that you and Mr. Yoon are close.

It could cause a misunderstanding.
Will you be okay with that?

I believe everyone in the company...

also knows what kind of
relationship you and Mr. Yoon have.

So, let me sit on the committee too.

Regardless of the
result, we'll make sure...

there are no misunderstandings.

Fine, let's do that.

Goodness.

Hello?

Okay, I'll meet you there.

All right.

I'm stepping out for a coffee.

- Do you mind tidying up the office?
- Sure.

Thanks.

Over here.

I need to return shortly. Give me a second.

Okay.

To take away, please.

I'll tell you what I know.

Mr. Yoon can't get away with it.

The anonymous letter is solid.

But it might just end with him resigning.

With the company's tough situation,

he doesn't want to create any gossip.

You mean the chairman?

- I see. - After he resigns...

No, it's nothing.

That's all I know.

Thanks for sparing me some time.

- Thanks for the coffee. - No problem.

Thank you.

What's this? Come on.

Look at how gloomy you are again.

What?

Do you feel bad for your team manager?

No, I don't.

Hyeong Seop.

Remember what you told me?

That Mr. Yoon was a complicated man.

Did I?

Yes.

You also said he'd be
doing all sorts in secret.

Oh, right.

See? I was right, wasn't I?

You don't know that yet.

But why the long face?

You think I'm right, don't you?

Hey. Do you think the
disciplinary committee holds...

a meeting whenever they want?

It's never held without
decisive evidence. Got it?

Do you think the directors are that free?

[Daejin Delivery]

In short,

you have all the members, right?

Yes.

But Dr. Ko won't meet me.

It's saying he doesn't trust me.

You served time for stock
price manipulation, and yet,

he can't trust you?

I didn't go to jail.

I was held in custody but
was released on probation.

What must you do to earn his trust?

All those guys trust in is money.

If I were to use money, I
would've done so ages ago.

Let's think of another way.

I don't have time.

As if that's easy.

Mr. Yoon.

Jin Soo?

What brought you here?

Mr. Yoon.

Can't you tell me the rest?

About what?

JUMBO Pharma.

You had no part in the stock
price manipulation, right?

Neither Attorney Oh nor
Ms. Kwak wouldn't talk.

Jin Soo.

At what point is someone
considered involved?

Mr. Yoon?

Are you okay?

What?

You look serious.

Oh, it's nothing.

You know autism.

What?

Did you know you shouldn't call it autism?

It should be called
autism spectrum disorder.

I see.

That would indeed be free from prejudice.

The symptoms would vary.

- You knew? - Yes.

You really know about everything.

But can't you still use it as a diagnosis?

I doubt it.

It was in a recent drama. They
used autism spectrum disorder.

Is that so?

What's this about?

What?

Are you taking over a
pharmaceutical company?

No.

You're the one who asked first.

- But... - Is it even a secret from me?

It hurts, you know?

It's not like that.

I know how you feel. I get it.

You don't need to explain.

Yes, Mr. Yoon?

I'm sorry to call on a weekend morning.

Are you sorry because of
the weekend or the morning?

Both.

I see. What is it?

Please look over JUMBO Pharma once again.

Understood.

An accident-prone area lies ahead.

Are you going somewhere?

I'm guessing you're in a car.

Joo No?

Joo No.

[I'm heading out because of
an important matter. Sorry.]

- You're on your way to JUMBO? - Yes.

Is it for an inspection?

I could've tagged along.

From what I know, the US
made the first ADHD medicine.

Wouldn't there be a patent on it?

You're right.

And Americans are fussy about patents.

I bet JUMBO dodged the patent.

Shall I look into how they did it?

Yes. Please contact me
the minute you find out.

[Sales, Sales Cost]

Yes?

Mr. Yoon. I looked over
what you asked me to.

The company's sales
increased significantly...

after releasing the ADHD medicine.

But there was actually a loss in profit.

The profit dropped
when the sales did better?

Please check where the expenses increased.

It could be the R and D.

I did think so too.

But there was no such public notice.

I'm searching if there were other factors.

But it'll take some time.

Please call me once you find out.

And see if...

it has to do with the US
pharmaceutical company.

Okay.

"Methylphenidate and the correlations..."

It was two years ago.

That's truly odd.

Mr. Yoon.

There is indeed a problem.

The ADHD medicine...

was developed by a US
pharmaceutical company named Revion.

The patent period was 20 years.

Two years ago was when it ended.

The company could've applied
for an extension but didn't.

It was for the common good.

So the patent ended two years ago?

If it was two years ago...

Correct. It was when JUMBO released...

its new drug.

In other words, JUMBO released
a replica of the ADHD medicine...

when the patent ended, yes?

It seems like it, though
I'm not entirely sure.

Millions of dollars are
needed to develop a new drug.

It had no reason to develop a
drug with a soon-ending patent.

The component is the same as Revion's.

Then there was no patent infringement.

True. But the company promoted as if...

it had developed a new drug,

making it a liar.

Why they lied is a mystery.

Something sure is fishy here.

Maybe.

Since the company has a lab,

it must have the capacity to copy the drug.

I hope so.

Mr. Yoon. Did you go to the lab?

And not the headquarters?

I came to the address on the website.

It doesn't look like a lab.

How come?

Let alone a lab,

it's not even fit as a warehouse.

Did Revion release the drug...

as Contra?

Yes, that's the one.

This company isn't even
skilled enough to copy the drug.

It simply...

changed Revion's packaging
before selling the drug.

Those jerks.

Attorney Oh. Let me call you back.

Okay.

Goodness.

[ULTRA FOCUS]

[Methylphenidate]

"Methylphenidate."

Yes, Min Jeong?

Mr. Yoon. I did some digging.

As JUMBO's sales increased,

so did the import from Revion.

The drug is methylphenidate.

It's a medicine for ADHD.

Right.

JUMBO must've imported...

and sold the drug after
changing the packaging.

But...

The company sold it for
less than its cost from Revion.

It was a plus for those who
bought the ADHD medicine.

Why did JUMBO do a losing business?

To scam people.

By the way, where are you right now?

JUMBO's factory.

Sorry?

Isn't that dangerous?

It's okay. Nobody is here.

You should leave.

- I will. I'll call you again later.
- All right.

Joo No!

I'm coming.

Joo Seok.

- Hey, An Na. - Come on in.

Where's Joo No?

He had an important business outside.

What important business?

It must be work...

since it's important to Joo No.

That punk. He should
fix the doorbell instead.

It's broken.

I know.

What's that important business or whatnot?

Joo No must be starting a project.

He gets busy this time of the year.

But it'll end soon, which
will give him a break.

I see. What project is he
working on these days?

Something about investing
in a pharmaceutical company.

He's keeping the details
even from me, you know?

It's that personality of his.

Unlike me,

he's heartless.

You're right.

Should I give him a call?

No. I just dropped by on my way.

Have dinner before you leave.

I don't want to trouble you. Please don't.

But you're not.

No, Oh Woon is waiting. I should go.

Have dinner, okay?

But I'm really okay.

[JUMBO Pharma]

Yes, Mr. Yoon?

I have a report to make.

- What is it? - It's about JUMBO Pharma.

I'm sorry, sir. I hit
traffic on my way here.

Sit down.

Go ahead.

I placed the due diligence report...

on your desk.

That's why you called me?

Yes. You told me to wrap it up quickly.

I thought you might be curious.

My gosh.

You didn't need to report to me like this.

When have I ever micromanaged you?

I know you'll handle it.

Yes, sir. Have a good day then.

Okay.

Oh, my.

What happened? Who was it?

He's a junior of mine.

It wouldn't look nice if
he knew we were together.

I'm sorry. I didn't know
you were on the phone.

No worries.

All right. Here you go.

Well, it's not like...

I'm running an unstable company.

Investing in my company
wouldn't be a bad idea.

Even so, it'd be a bit iffy if
he knew we were together.

I'm not going to tell people that...

we're splitting the leftover funds.

Hey, come on.

You need eight million
dollars to make the drug.

And the leftover fund amounts
to more than half of that.

Exactly. I won't tell anyone
about what we're doing.

It sounds like...

you're blackmailing me.

Gosh, no. I'm not blackmailing you.

No way.

I'm just so grateful to you, sir.

I actually wanted us to meet,
so I could make you an offer.

What offer?

When I get...

the full investment,
the 12 million dollars,

you'll be taking a
mere two million dollars.

So I was wondering if you'd like
some of my company's shares.

What do you mean?

To be honest with you,
just like I told you before,

I don't know exactly how
much I'll need for the research.

As the CEO, I have no choice
but to save some of the funds.

So I often sell and buy
shares of my company.

When I did that,

I realized that I could
influence the stock price.

Are you telling me you'll
manipulate the stock price?

Gosh, manipulate is such a strong word.

But yes, in essence.

I can boost it tenfold for you.

Are you not interested?

Is something going on at work?

You seem deep in thought.

What?

Oh, it's nothing.

- Thank you for the food. - Sure.

Eat a lot, my youngest.

Here.

There you go.

Someone I know...

told me that you were a complicated man.

Is that so?

Then what is your opinion of me?

Actually,

he said you were evil.

He said you just wrote
everyone off as evil...

when you considered yourself
to be complicated, yet kind.

So what you were doing was more evil.

He does have a point.

But...

in my opinion,

you see yourself to be
complicated and evil.

And...

I'm not sure if it's a good thing...

or a bad thing.

Sanin Group will now begin the
disciplinary committee meeting.

[Junior Managing Director's Office]

Today's agenda includes
two disciplinary reviews...

of Team Manager Yoon Joo
No from the M and A Team.

The first review is regarding
the leak of internal information.

The second review...

is regarding insider trading.

Sir, here's the file for the
disciplinary committee meeting.

- Okay. Let's go. - Yes, sir.

Mr. Yoon.

If it ends with your dismissal,

it wouldn't be a bad idea to accept it.

I also agree.

The company wouldn't want a scandal.

I see.

We shall deliberate on the
request of disciplinary action...

regarding Team Manager
Yoon Joo No of M and A Team.

If you have any questions
for him, feel free to ask him.

Mr. Yoon, you oversaw the
JUMBO Pharma investment...

three years ago in the
M and A Team, correct?

Yes.

Back then, he evaluated
the company as solid.

My gosh.

Am I remembering it correctly?

Yes. I do remember it.

You must have been aware that
their stock price would skyrocket...

once people found out that we
were going to invest in JUMBO.

Yes.

So...

have you told anyone
about the investment deal?

Have you shown this report to anyone?

Is this the company? The
company he's going to invest in?

What?

Oh, no. Joo No really hates
it when you look at his files.

- Okay. I won't look.
- I'm sorry about that.

Joo No is really sensitive about it.

You don't have to apologize.
I know what he's like. It's fine.

Hey, Oh Woon. I'm on my way home.

Did I eat? No, I didn't.

Your aunt packed us delicious food.

Let's have it together.

Okay. I'll be there soon.

Okay.

[JUMBO Pharma]

[JUMBO Pharma]

["JUMBO Develops Korea's
First ADHD Medication"]

["Good News for Patients
of Development Disorders"]

Did Aunt An Na make this?

Yes.

Dig in.

What about you, Dad?

I'm okay. You go ahead first.

[Tuesday, April 20, 2021]

[In 2019, a new player emerged
in Korea's pharmaceutical industry.]

[JUMBO Pharma developed the
nation's first ADHD medication, ]

[a breakthrough that turned
heads across the industry.]

[Yoon Joo Seok]

Have a good day.

Mr. Yoon. You have a customer
asking for a consultation.

It's a new customer for a corporate loan.

- I see. Thanks. - Sure.

There are a number of documents
we must check for the loan.

We'll need the certificate of income.

[Loan Application]

[Company Name: JUMBO
Pharma, CEO Name: Ko Byung Soo]

Aren't you the older brother of
Team Manager Yoon Joo No?

Yes. How did you know?

Actually, Sanin Group
will invest in my company.

Please go on.

I would like to express
my gratitude to your brother.

But he's a little too by-the-book.

My brother...

- is definitely like that.
- So I've noticed.

Once the news articles about
the investment get published,

the stock price will skyrocket.

I'm very grateful for it.

But your brother...

won't be getting anything out of it.

Even I thought it wasn't fair.

This bag...

has 100,000 dollars in cash.

Pardon?

Back in the day, this
was standard practice...

when taking out loans from banks.

Gosh, no. If I accept
this, I'll be in huge trouble.

This isn't a common practice anymore.

My gosh, but still. I just feel awful.

My stock price will
likely increase tenfold.

This is nothing compared to that.

No.

If this is all, please excuse me.

[JUMBO Pharma]

[Buy]

Dad.

Hey.

I'm ready. Let's go.

Okay.

[Stock Purchase Confirmation]

[Cancel, Confirm]

[Your order has been scheduled.]

Let me ask you again.

Did your older brother,
Yoon Joo Seok, know...

that Sanin Group was going
to invest in JUMBO Pharma?

Yes,

he did.

Then you're admitting to have
leaked the internal information.

Do you know how much in shares he bought?

How much did you spend?

A hundred grand.

What...

Where did you get that kind of money?

I borrowed it from the bank.

Joo Seok.

Why did you...

This isn't like you. Why did you do that?

Joo No.

Help me.

You're investing in JUMBO, aren't you?

How did you know?

How?

How did you find out?

Sanin won't invest in that company.

That company is a fraud.

Hey, don't lie to me.

Shouldn't it go up if
Sanin is investing in them?

But...

But why is it dropping?

Joo No.

Help me out once.

If you don't, I'll die.

Please.

Mr. Yoon Joo No.

At the time,

he held JUMBO stock
worth around 100,000 dollars.

And you were aware
that he held JUMBO stock.

This should suffice to settle
the first review. Agreed?

I'm sure everyone in this room knows...

that this is a very sensitive matter.

The first case alone...

warrants us ample justification...

for his dismissal and a potential lawsuit.

But considering his
contribution to the company...

and the death of his older brother,

I propose...

concluding the disciplinary
meeting with his dismissal.

Will you accept it?

No, I can't.

What?

Mr. Yoon.

The company is showing
leniency in its response.

Yes.

But I still cannot accept...

my dismissal.

Could I talk to Mr. Yoon for a moment?

No.

Let us continue.

Sure. Fine. Let's keep going.

You must be saying that as
you don't know what we received.

Let's move on to the second review.

It's about his punishment
for insider trading.

Right here.

This letter of notice was
sent to Yoon Joo No...

to inform him to exercise his rights...

as a JUMBO shareholder of 50,000 shares.

This was issued in 2022.

It proves that you held JUMBO
stock back in 2022. Correct?

[Sanin]

You had 50,000 shares.

This must have been worth
at least one million dollars...

at some point, right?

It's one million dollars.

All right.

Mr. Yoon.

You're also admitting that you own
JUMBO Pharma's shares, correct?

Yes, I am.

I was trying to do you a favour.

But you turned it down.

[Sanin]

[The Art of Negotiation]

Is it going according to your plan?

Could it be a suicide mission?

The devil is in the details.

I came back here because I
wanted to find out the truth.

By causing our stock price to crash?

So he's trying to drag us down with him.

We must make our move first.

Word is you're still running your game.

I can bankroll it.

You see, when people get chatty,

they're bound to make a mistake.

How could you pin
everything on your late brother?

- Have you no sense of decency?
- Director Ha!

You're fired. Understood?