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Takeover

Summary:

"You already did," Karina types, and hits send before pride can stop her.

She has no idea she just fell for her company's biggest threat.

Or: Someone is trying to buy Yu Jimin's company, and Minjeong has to figure out if she loves Jimin enough to save her company...or herself.

Notes:

Why is like no one reading this i SWEAR this is good 😭😭😭

Anywayssss

Starts the teeniest bit slow, but plot accelerates from ch 2-3 onwards

Chapter 1: Two phones at 2 a.m.

Chapter Text

Karina had two phones.

One was the phone everyone knew about.

It lived in her hand during board meetings, in the cupholder of the car, on the table beside her coffee while directors said brave things with other people’s money.

It held market alerts, lawyers, shareholder texts, three hundred unread emails, and a group chat Ningning had named emergency only despite using it mostly to send pictures of ugly office sofas.

The other phone had no case.

It lived in the locked drawer of her desk, face down, silent, and somehow louder than every other device in the building.

At 2:03 a.m., Karina opened the drawer.

The office was dark around her.

Yu Group’s tower slept badly: security lights low, lifts sighing every few minutes, the cleaning staff moving somewhere below with the soft, practical sounds of people who knew exactly how much glamour weighed once it became rubbish.

Karina sat barefoot on the rug behind her desk, heels abandoned near the sofa.

Her blazer was on the back of her chair. Her hair had come loose from its clip. A strand kept falling against her cheek, and she kept pushing it back with the same careful patience she used on hostile investors.

That was to say: decreasing.

The private phone lit her palm.

No messages. No missed calls. No market alerts.

One app.

Liner Notes.

Liner notes were the small print folded inside a physical album—credits, thanks, session players, the occasional essay by someone explaining why the record mattered. The part nobody was required to read. The part that told you who had actually made the thing.

Whoever had chosen the name had chosen it on purpose.

Karina stared at the icon until her thumb warmed the glass.

“Ridiculous,” she said softly.

The room did not argue.

The room had watched her read Liner Notes at one in the morning, two in the morning, once at four seventeen while eating cold gimbap over an acquisition agreement. The room kept a better record of it than she did. It had lost the right to act surprised.

Karina tapped.

The page opened in dark mode. The newest essay sat at the top.

THE TALENT PROBLEM: ON YU GROUP’S USEFUL MYTH

Her breath stopped so cleanly it was almost funny.

Yu Group.

Her company. Her name. Her life’s work, if one wanted to be dramatic.

Karina did not want to be dramatic.

Karina wanted, with sudden and humiliating force, to read every word.

She tucked both feet under herself, leaned against the sofa, and began.

The market liked to pretend Karina was made of glass because it had only ever seen her through it.

Glass office. Glass stage. Glass boardroom wall.

Everyone loved transparency until it showed them a woman building the room around them.

Yu Group’s favourite myth is that Karina is the talent problem: too creative, too attached, too dangerous with a budget line and a locked door.

The useful truth is simpler.

She knows where the music enters the machine.

Karina’s fingers tightened around the phone.

It was annoying.

That was her first defence. Immediate. Very professional. The essay was annoying because anon had done the thing anon always did, which was take a fact Karina had buried under six layers of earnings-call polish and put it on the table like a cup of tea.

There.

Drink it.

She read the paragraph again.

She knows where the music enters the machine.

A tiny ache opened under her ribs.

Karina pressed one knuckle there, as if her body had made a clerical error that could be corrected by pressure.

The ache stayed.

“Annoying,” she said again.

This time her voice came out too low.

She kept reading.

anon wrote attentive, patient, sensitive to weight. The essay moved through Yu Group’s public story with a clean hand. It named the catalogue. The streaming arm. The artist-development programme everyone praised in interviews and questioned in budget sessions. It described Karina’s habit of taking the foolish risk early enough that, by the time everyone else noticed it had worked, they could call it inevitability.

Then it turned.

The board’s quiet impatience with Karina is not impatience with failure. Failure would be easier.

What frightens them is the embarrassment of needing the instinct they keep trying to audit.

Karina lowered the phone into her lap.

Her throat did something small and stupid.

A swallow. That was all. A normal physical function, thank you. Nothing worth logging.

On the far side of the office, the Afterimage presentation board stood covered in a grey cloth.

She had covered it herself before the cleaners came in.

No one outside the inner team had seen the full deck. No one on the board had earned the full deck. They had seen cost centres, schedule risk, cross-division spend, and the expression on Director Park’s face when she said “film-album hybrid” as if she had brought a haunted doll to audit committee.

Karina looked at the covered board.

The cloth sagged at one corner.

Under it was two years of locked doors and twelve years of wanting. A film stitched to an album. A live installation. A release model that made the artists owners of their own footage instead of props inside it. A very expensive, very impossible thing that Ningning called “the part where we become legally interesting” and Giselle called “your worst idea, so probably the good one.”

anon did not know the title.

anon could not know the title.

Still, the essay kept walking straight towards it.

The thing Yu Group’s critics keep missing is that Karina’s risk is rarely random.

It is always aimed at a door someone else hasn’t found yet.

Karina’s bare toes curled against the rug.

Oh.

That one landed lower.

She looked at the covered board again, then back at the phone.

For a second, the office felt too large around her. Glass walls, long table, black screen, the city spread beneath the tower in neat little squares of light. All the things that were supposed to make a person look powerful.

At two in the morning, they mostly made her look alone.

Karina hated that sentence the moment it formed.

Too neat. Too sad. Too useful to a person who wanted to feel sorry for themself. She dismissed it, picked up the phone again, and read the rest with her jaw set.

By the end, anon had not flattered her.

That was the worst part.

Flattery was easy to refuse. Flattery wore too much perfume and laughed before the joke. Flattery called her visionary when it wanted approval and genius when it wanted money.

anon did something ruder.

anon paid attention.

Karina scrolled back to the comment box.

The account she used here was called bluehour.

It had no photo, no bio, and no connection to anything that could survive a bored intern with search access. She had built it herself after reading Liner Notes for six months and realising that lurking was dignified only until it became pathetic.

She had commented twelve times.

No. Thirteen.

Not that she counted.

She placed her thumb inside the comment field.

The cursor blinked.

Karina typed:

You saw the part no one on my board has ever wanted to name.

She stared at it.

Her fingers went still over the screen.

Absolutely not.

She deleted it.

The cursor blinked again, patient and judgemental.

She typed:

This was generous. Thank you.

Too naked.

Delete.

Useful analysis.

Karina made a face at herself.

“My god,” she whispered. “Seduce no one ever.”

Delete.

She put the phone face down on the rug.

Then she picked it up again because apparently she had no pride left and pride, in any case, was less interesting than the reply box.

Her final comment took four attempts and came out small enough to pass through security.

bluehour: Thank you for writing this. The industry needed the reminder.

Karina posted it before she could negotiate with herself.

Then she locked the phone and held it against her chest.

For three full seconds, she was seventeen again in the worst way—the sensation of it, not the age, heart too high, skin too warm, trying to act normal about wanting someone on the internet to notice her.

She was thirty four. She ran a company. She had once negotiated a distribution deal through food poisoning and won.

A red heart appeared under her comment.

Karina’s soul left her body, inspected the ceiling, and returned deeply unimpressed with local management.

“Oh,” she said.

It was a very small sound.

She unlocked the phone.

anon had liked her comment.

The heart sat there, tiny and red and unbearable.

Karina looked around her empty office as if someone might have seen. No one had. The nearest person was probably Mr Lee at the lobby desk, and Mr Lee had once watched her arrive in sunglasses at six in the morning with a coffee in each hand and said only, “Long day, CEO-nim?” so he could be trusted with state secrets.

Still.

Karina pressed the phone to her mouth and smiled against the edge of it.

Only for a second.

Then she stopped smiling because smiling at a phone in a dark office was exactly how people in romantic comedies made bad decisions, and Karina believed strongly in being more competent than a fictional idiot.

The phone buzzed.

A reply.

Karina almost dropped it.

anon: The reminder belongs to you already. I only put a frame around it.

The words slid under her sternum and stayed there.

Karina read them once.

Twice.

The line was simple. Too simple to hide inside. That was why it worked. No theatre. No cleverness. Just a hand reaching out through the dark and touching the exact place the board kept missing.

Her thumb hovered over the reply field.

The true thing was four words long: you make it easier to keep going.

She watched the cursor blink under it, then walked her thumb back to the start of the line and typed over it, small and safe:

bluehour: You already did.

She hit send.

Then she locked the phone, placed it face down on the rug, and lay back until her head touched the sofa cushion behind her.

Her heart was beating too fast—nothing dangerous, nothing dramatic, just enough that she could feel the pulse in her throat and the stupid warmth at her cheeks.

The CEO of Yu Group, cultural powerhouse, board irritant, alleged governance risk, was blushing at an anonymous analyst’s comment section at 2:19 a.m.

Excellent.

Perfect.

Very market-moving.

By 7:41 a.m., Karina was no longer barefoot, soft, or blushing.

She was in the back of the car with her hair pinned smooth, a cream blouse buttoned to the throat, and a tablet balanced on one knee. Her public phone had started screaming at 6:12 and had not stopped since.

Not literally.

Literally would have been less irritating.

“Park wants ten minutes before the board pre-read,” Giselle said from the opposite seat.

Karina looked up. “He can have six.”

“He asked for ten.”

“Then this will be an excellent lesson in grief.”

Giselle’s mouth twitched. She was already dressed like she had threatened the morning into submission: black suit, hair cleanly tied, tablet open, one pen behind her ear, two more clipped to the cover as if stationery might need backup.

“Director Han also wants legal in the room.”

“Han always wants legal in the room. Han would invite legal to a birthday party.”

“Legal would improve most birthday parties.”

“Aeri.”

“What? Fewer balloons. Better minutes.”

Karina took the coffee Hyejin had shoved into the car at the kerb and drank enough to regret the temperature. Heat flashed across her tongue. She kept her face still because Giselle was watching and because dignity sometimes came down to not whimpering at a beverage.

Her phone buzzed again.

Ningning this time.

Ningning: park’s office asked whether we can “contextualise” afterimage spend in simpler terms

Ningning: i said sure “it costs money because objects and labour exist”

Ningning: they did not appreciate my tone

Karina smiled into her coffee.

“Ningning?” Giselle asked.

“She’s making friends.”

“Terrible. We hired her for numbers.”

“Her numbers are rude too.”

The car slid into the underground entrance beneath Yu Group’s tower. Security lights swept across the windows. For one second, the glass caught Karina’s reflection: smooth face, calm eyes, mouth set. CEO. Founder. Chief Creative Officer. A person who had slept for three hours and looked expensive enough that no one would feel brave asking.

Her private phone sat in the inner pocket of her bag.

She had not checked it since leaving the office.

This was restraint.

This was maturity.

This was also because she had put the bag on the far side of the car and Giselle had excellent peripheral vision.

The car stopped.

Hyejin opened the door from outside before the driver could. “Good morning, CEO-nim.”

“Hyejin,” Karina said, stepping out. Her heel hit concrete. Armour on. “Please tell me no one has cried yet.”

Hyejin’s expression flickered, caught between an answer and a warning.

Karina paused.

Giselle got out behind her. “Who cried?”

“Technically?” Hyejin said.

“That is my least favourite word.”

“A junior brand manager in Streaming cried in the lift because Director Park said ‘portfolio discipline’ near them.”

Karina blinked once.

Giselle sighed. “I’m going to start billing Park for atmosphere damage.”

“Send the brand manager pastries,” Karina said. “Not sympathy pastries. Normal pastries. Sympathy pastries taste like HR.”

Hyejin typed at once. “Yes, CEO-nim.”

The lift arrived. Mr Lee stood at the security desk, silver hair neat, expression mild. He looked at Karina’s coffee, her bag, her shoes, the tiny coffee mark on the cuff of her blouse, and then at her face.

“Long day, CEO-nim?”

Karina gave him a look. “It is not eight yet.”

“Then efficient day.”

Giselle laughed under her breath.

Karina pointed at her without looking. “No.”

“I said nothing.”

“You were about to.”

“I was appreciating staff morale.”

The lift doors closed around them.

By the time they reached the executive floor, the building was awake in the specific way companies woke before bad news. Quieter than usual. Faster than usual. People moving with laptops hugged to their chests and faces arranged into expressions they hoped looked prepared.

Karina walked through it.

The floor adjusted around her.

Heads lifted. Shoulders squared. Someone stopped whispering mid-syllable. Karina hated that part a little. But she also knew how to use it.

She slowed by the assistants’ bank. “Morning.”

Six people answered at once.

Too loudly.

Ningning emerged from the finance conference room holding a marked-up deck and a pastry she had already bitten into. She wore pale blue, calm as ever, while everyone else had dressed for a fight.

“Before anyone asks,” Ningning said, “the answer is no.”

Karina stopped. “To what?”

“All of it. Whatever it is.”

Giselle plucked the deck from Ningning’s hand. “Do you have actual numbers or only spiritual resistance?”

“Both. I’m very well-rounded.”

“Are we insolvent?” Karina asked.

Ningning looked offended. “Please. If we were insolvent, I’d be louder.”

“Good.”

“We are, however, about to spend the next two hours listening to men discover that projects cost money before they make it back.”

Karina took the deck from Giselle and flipped through the first pages. Budget schedule. Projected spend. Catalogue cross-promotion model. Artist equity mechanics. Risk notes. Ningning had written NO, PARK in the margin beside one proposed cost-cutting line.

Karina tapped it. “Subtle.”

“I used capitals because he struggles with nuance.”

Giselle said, “We are entering a board pre-read in twelve minutes.”

“And I am entering it correct.”

The laugh that moved through the small group was brief, grateful, and gone quickly.

Karina felt it touch her and leave.

She set the deck against her hip. “We keep this simple. Afterimage is not a vanity project. It is not a blank cheque. It is a strategic release architecture tied to catalogue value, artist leverage, and our next five years of rights positioning.”

Ningning swallowed pastry. “Say that slower in the room. Park gets hives when nouns work together.”

Karina’s mouth curved. “I’ll bring antihistamines.”

Hyejin hurried up with a second coffee and a stack of printed agendas. “Director Park is already in Conference One.”

“Of course he is.”

“He brought three people.”

Karina’s eyebrows rose. “For courage?”

Giselle’s face went pleasantly blank. “For ambush.”

There it was.

The morning sharpened.

Karina handed Hyejin her coffee. Not because she did not want it. Because both hands had to be empty when she walked into a room like that. Empty hands looked calm. They looked generous. They also left people uncertain, always, where the knife was.

“Names,” she said.

Hyejin checked the agenda. “Director Park, his counsel, and Ms Jang Wonyoung.”

Ningning stopped chewing.

Giselle’s pen stilled.

Karina looked at the closed conference-room doors.

Wonyoung was early.

That was either helpful, dangerous, or both, which was Wonyoung’s usual brand position.

“Interesting,” Karina said.

“Do you want me in first?” Giselle asked.

“No. I want them to have the full founder experience.”

Ningning leaned closer. “Legally, can the full founder experience include biting?”

“Only metaphorically.”

“Weak jurisdiction.”

Karina breathed in once.

Her stomach knotted, tight and low—closer to warning than fear, like her body had folded a note and slid it under the door: Pay attention.

She did.

Then she opened Conference One.

Director Park sat at the far end of the table, which was Karina’s chair. He knew it. She knew he knew it. Everyone else knew they knew, which was why the room had the horrible stillness of a family dinner where one uncle had arrived with a lawyer.

Park was in his late fifties, silver at the temples, voice always carrying the soft scrape of a man who believed concern became wisdom if he lowered the volume. His counsel sat to his right with a yellow legal pad. Wonyoung sat to his left.

Jang Wonyoung looked immaculate.

She always did. Cream suit. Pearl earrings. Hair shining like it had never met humidity. At twenty nine, she was the youngest director on the board and the only person Karina knew who could make silence look photographed.

She smiled when Karina entered.

“Jimin-ssi.”

“Wonyoung.”

Park’s mouth tightened at the lack of title.

Good.

Karina walked to the opposite end of the table and remained standing. Giselle took the seat to her right. Ningning dropped into the seat beside Giselle and opened her laptop with the air of a person unsheathing a sword in a very ugly font.

“Director Park,” Karina said. “You’re in my chair.”

Park blinked.

His counsel looked at the table.

Wonyoung’s smile deepened by one dangerous degree.

Park began to stand. “Of course. I assumed—”

“I know.”

Karina waited while he moved.

It was petty. She didn’t care.

By the time she sat, everyone in the room remembered who had built the room.

“You wanted ten minutes,” Karina said. “You have six.”

Park folded his hands. “Jimin, I’ll be direct.”

“A gift.”

Giselle looked down at her notes.

Park pushed on. “There is growing concern that Afterimage represents exactly the sort of founder-led attachment the market finds difficult to price.”

Ningning whispered, “There it is,” at a volume designed to be heard by God and directors.

Karina did not look at her.

“Markets price what they understand,” Karina said. “Then they pretend understanding arrived before the profit.”

Park’s counsel wrote that down. Slowly.

Karina smiled at him. “That was not minutes.”

He stopped writing.

Wonyoung crossed one ankle over the other. “The concern is not only market language.”

Karina turned to her.

Wonyoung’s voice was light, not soft—soft gives ground; light finds every surface.

“If we proceed,” Wonyoung said, “we are asking the board to defend a project whose upside depends heavily on your instinct. That has worked for us before. It has also made the company difficult to explain when you are not in the room.”

Karina held her gaze.

That one was better.

Annoyingly better.

“Then we explain it,” Karina said.

Park sighed. “With respect, Jimin, that is exactly the issue. We cannot keep building institutional value around personal conviction.”

“With respect,” Ningning said, “that personal conviction currently pays for this table.”

Giselle murmured, “Ning.”

“Sorry. The chairs too.”

Karina tapped one finger on the deck. Once. Everyone stopped.

Stillness did what volume could not.

Afterimage is not a mood,” she said. “It is a rights strategy.”

She slid the deck forward.

Ningning clicked. The wall screen woke to the first slide.

This wasn’t the full vision deck, or the beautiful one with storyboards and artist notes and the frame Karina had once stared at until her eyes burned.

This was the board version.

Plain. Clean. Defensible. Armoured, not felt.

Karina hated it, which meant it was probably useful.

She stood again.

For six minutes, she made the project small enough for frightened people to hold.

Catalogue extension. Rights ownership. Cross-platform release. Artist participation. Margin timing. Regulatory exposure. Downside controls.

Nothing that would leave an afterimage.

No mention of the first time she had watched a trainee sign away the footage of their own face because everyone had told them exposure was generosity.

No mention of the artists who had learned to call exhaustion opportunity because the contracts looked expensive.

No mention of anon’s line from last night.

She knows where the music enters the machine.

Karina kept that one behind her teeth.

When she finished, the room stayed quiet.

She could work with quiet.

Wonyoung leaned back. “That was clear.”

Park gave Wonyoung a quick glance.

Karina saw it.

So did Giselle.

So, loudly, did Ningning, whose eyebrows climbed high enough to need planning approval.

Park said, “Clear, yes. But clarity is not the same as consensus.”

“No,” Karina said. “Consensus takes longer and usually dresses worse.”

Wonyoung laughed.

A tiny sound. Almost nothing.

Park did not enjoy it.

Karina did.

The victory was small, ridiculous, and immediately punished by her public phone lighting up on the table.

Hyejin.

Karina glanced at it.

URGENT.

The word hit the room before she opened the message.

Giselle’s eyes moved first. Then Ningning’s.

Karina picked up the phone.

Hyejin: haeryu capital just announced an unsolicited offer to acquire yu group

Hyejin: it’s live

Hyejin: they named afterimage

For a second, every sound left the room.

Karina read the message once.

Then again.

The letters stayed in order.

Her body did three things with perfect, humiliating clarity.

Her fingers went cold around the phone.

Her throat closed.

And somewhere under the table, where no one could see, her bare toes inside very expensive shoes curled hard enough to hurt.

Afterimage.

They named it.

Park was speaking. Maybe. The counsel had turned to his own phone. Wonyoung’s face had gone still in a way that stripped the light out of it and left the blade.

Giselle stood.

“Out,” she said.

Park looked up. “Excuse me?”

Giselle’s smile was calm enough to be illegal. “This pre-read is over. If you are not management, leave the room.”

“A hostile offer concerns the board,” Park said.

Ningning’s laptop was already open to market feeds. Her face had changed completely. All comedy gone. Numbers first, blood later. “Trading volume spiked before the announcement.”

Karina looked at her.

Ningning looked back, and neither of them said the word first.

A leak.

Giselle moved to the door and opened it. “Director Park. Ms Jang. Counsel. Now.”

Park rose, offended enough to hide that he was scared. His counsel followed, phone pressed to his ear.

Wonyoung stood last.

She looked at Karina for one long second.

No performance. No board darling. Just a clean, private read.

“If they named it,” Wonyoung said, “they know where to cut.”

Then she left.

The door closed.

Karina stayed seated.

Her phone lay in her hand. The screen had already dimmed, but the words were still burned bright behind her eyes.

Haeryu.

Unsolicited offer.

Afterimage.

Someone wanted her company.

Someone had reached into the covered room and dragged out the one thing she had not been ready to defend in daylight.

Her chest went very still.

Then the stillness broke—nowhere anyone could see. Outwardly, she placed the phone on the table, aligned it with the edge of the deck, and lifted her eyes to Giselle.

Inside, something hot and frightened hit the floor running.

“Lock down the executive floor,” Karina said.

Giselle was already typing. “Done.”

“Ningning, financing. Premium. Conditionality. Find where the soft parts are.”

“On it.”

“Hyejin, war room. Legal, comms, M&A counsel, artist management. Ten minutes.”

Hyejin’s voice came through Giselle’s phone on speaker, breathless. “Yes, CEO-nim.”

Karina stood.

The covered board from her office flashed in her mind. Grey cloth. Sagging corner. Two years of work hidden because the room had never been safe enough.

Now the market knew its name.

Her private phone was upstairs, locked away in her bag.

For one wild second, her hand wanted it.

Not the public phone. Not legal. Not comms.

Liner Notes.

anon.

The body moved before pride caught up: one tiny lift of her fingers toward the pocket where the private phone was not.

Giselle saw.

Of course Giselle saw.

Her eyes flicked down, then back up.

She said nothing.

Karina lowered her hand.

“War room,” she said.

They moved.

The war room was Conference Three because Conference Two’s screen had died during last quarter’s earnings rehearsal and everyone had decided to treat that as a bad omen with facilities implications.

Within eight minutes, the room filled.

Legal arrived first, which was either reassuring or depressing. Then M&A counsel, communications, investor relations, artist management, catalogue strategy, two assistants with cables, three laptops, one printer that immediately began making a noise like it had ethical objections, and Ningning with a spreadsheet large enough to have its own weather system.

Karina stood at the head of the table.

She did not sit.

Sitting would make people look at her face. Standing made them look at her hands, the screen, the next instruction. Standing kept the heat in her chest from becoming the centre of the room.

“Start simple,” she said. “What have they offered?”

Ningning put the headline on the screen.

HAERYU CAPITAL ANNOUNCES UNSOLICITED OFFER TO ACQUIRE YU GROUP

Below it: premium, financing sources, governance critique, strategic review proposal, catalogue optimisation, founder-led development spend.

The words sat there in bright corporate cleanliness.

Karina felt her mouth go flat.

“They’re calling it a premium,” Ningning said. “I’m calling it a coupon with teeth.”

“Financing?”

“Committed enough to scare the board. Conditional enough to annoy me.”

“Specific.”

“I’m building the insult properly.”

Legal counsel, Director Han’s favourite kind of person, adjusted their glasses. “We should issue a holding statement within the hour. Standard language: the board will review the proposal, no action by shareholders required at this time.”

“Fine,” Karina said. “Boring is useful.”

Comms shifted forward. “We need a line on Afterimage.”

The room changed.

Small movements. Eyes to paper. A pen set down too softly. Someone from artist management looked at Karina, then away.

Afterimage sat on the screen, and nobody looked away from it fast enough.

Karina placed both hands on the back of the chair in front of her. The leather was cool under her palms. She pressed until the tips of her fingers stopped feeling separate.

“We say Haeryu is speculating from incomplete information,” she said.

Giselle looked up.

Ningning did too.

Karina kept her gaze on the screen. “We do not defend the project emotionally.”

The sentence scratched on the way out.

Good. Let it.

“We defend process, value, and strategic fit. Nothing else.”

Comms typed quickly.

Investor relations said, carefully, “The market will want assurance that we are not dismissing the offer out of hand.”

Karina turned to them. “Then reassure the market that we are capable of reading.”

Giselle coughed.

Ningning whispered, “Put that in the statement.”

“Do not put that in the statement,” Karina said.

“Cowards.”

The room breathed again. A little.

Not enough.

Hyejin slipped in with fresh copies of Haeryu’s deck. She gave one to Karina last. The paper was warm from the printer.

Karina looked down.

Suspend non-core founder-led development initiatives pending strategic alternatives review, including Afterimage and related cross-division spend.

On paper, the words turned uglier than they’d been onscreen.

Onscreen, they were public.

On paper, they were close enough to touch.

Karina’s thumb landed beside Afterimage. The name blurred for half a second because her eyes had decided to be dramatic without permission. She blinked once, slow, and the letters came back.

“This line,” she said.

Giselle was beside her instantly. “Yes.”

“Find where they got it.”

“Already started.”

“No. Not started. Find it.”

Giselle’s face softened by exactly nothing, which meant she understood perfectly. “I’ll build the map.”

Ningning lifted one hand. “I’ll make the access logs confess.”

“Politely?”

“No.”

“Fine.”

Karina put the deck down.

Her public phone lit again.

Messages stacked fast enough to blur: directors, counsel, investor calls, one artist asking if they were about to be sold to “finance vampires,” which was not the legal term but was spiritually persuasive.

Then, beneath them, the private phone in her bag vibrated.

Once.

Karina heard it.

No one else should have. The room was full of voices, printer noise, the low hum of the screen, Ningning saying something about bridge financing that made legal look nauseous.

Karina heard it anyway.

Her hand tightened on the chair.

Giselle’s eyes moved to the bag by the wall.

Again.

It was infuriating, having a chief of staff who noticed one’s soul trying to leave through a handbag.

“Take five,” Karina said.

Everyone stopped.

Giselle said, “Jimin.”

“Five,” Karina repeated. “Not ten. Five.”

Ningning looked between them, then at the bag, then at Karina’s face. Her eyebrows lifted.

“Oh,” she said.

Karina pointed at her. “No.”

“I said one syllable.”

“It was a loud syllable.”

“It was an observant syllable.”

“Out.”

The room emptied in stages. Legal reluctantly. Comms gratefully. Investor relations while already on a call. Ningning last, walking backwards.

“If this is a secret boyfriend,” Ningning said, “I deserve to know for morale.”

“It is not.”

“Secret girlfriend?”

“Ning.”

“Secret emotionally significant market analyst?”

Karina’s face warmed so fast she nearly hated her own blood.

Ningning gasped.

Giselle shoved her out by the shoulder. “Five minutes.”

The door closed.

Karina stood alone with Giselle.

For a second, neither spoke.

Then Giselle said, “You have a secret emotionally significant market analyst?”

Karina closed her eyes. “You are both fired.”

“That’s yes-adjacent.”

“That is termination-adjacent.”

Giselle crossed her arms, leaning against the table. “Is this Liner Notes?”

Karina opened her eyes.

Giselle’s expression did not change.

That was the problem with Aeri. She could make a question sound like she had already built three possible evidence folders and was only asking which one to label.

Karina held her gaze.

“I read industry analysis,” she said.

“At two in the morning on a separate phone.”

“Security.”

“Emotional security?”

Karina inhaled through her nose.

Giselle lifted both hands. “I’m not judging.”

“You are absolutely judging.”

“Yes, but with loyalty.”

The private phone vibrated again.

Karina’s spine went straight.

Giselle noticed that too. Of course.

Something in her face softened this time. Just a little. Enough that it was worse.

“Five minutes,” Giselle said. “Then war.”

She left.

Karina waited until the door shut.

Then she crossed the room too quickly, opened the bag, and took out the private phone.

Liner Notes notification glowed on the lock screen.

anon replied to bluehour.

Karina’s hand hovered an inch above the screen.

Outside the glass wall, the executive floor was in motion. People crossing fast. Phones to ears. Hyejin carrying folders. Giselle already stopping a lawyer with one hand while typing with the other.

War.

Karina unlocked the phone.

The thread opened beneath last night’s exchange.

bluehour: You already did.

anon: Then keep the frame. They will try to make you defend love as economics.

Karina went still.

The room disappeared down to the phone in her hand.

Nothing about the room had actually changed. The table remained. The screen remained. The Haeryu deck remained, ugly and bright and waiting.

But her body narrowed to one hot point under her ribs.

They will try to make you defend love as economics.

She read it again.

Her throat tightened.

No one outside this building knew what Afterimage was meant to be. No one outside her smallest circle knew that the project was not only spend, not only art, not only strategy, but a defence of the thing she had been unable to protect when she was younger and easier to outvote.

anon should not know.

anon should not be able to name the shape of the wound from the public outline.

And still.

They had.

Karina typed before she could stop herself.

bluehour: They already are.

She stared at the message.

Too much.

Maybe.

Her thumb moved to delete it.

The war-room door opened.

“Jimin,” Giselle said, voice sharp. “Haeryu’s analyst call starts in two minutes.”

Karina hit send.