What're the Money Secrets to Creating a Famous Production House?

What're the Money Secrets to Creating a Famous Production House?

Written by AQUMON Team on 2021-11-12

1) Tell us a bit about yourself! 

 

Hi, I'm Mikyung Kim! I'm the Executive Producer and Founder of MKIM & CO. We're a production company and we produce commercials for brands like Samsung, SKII, Toyota and ECMO. I was raised in Hong Kong and came back about 12 years ago. My return was actually an accident since I was supposed to go to grad school in New York. I came back for what was supposed to be a short break but I've been here ever since! So that was 12 years ago and I started MKIM & CO about three years ago. 

 

 

2) What are some of the challenges you have faced while starting your own company?

 

Firstly, I didn't go to business school so I don’t have experience in business management. My undergrad degree was in film, so everything I know about running a business is something that I've learned on my own. I’ve also learned by speaking to other business owners and hearing about what they've been through. Listening to podcasts and reading books on business have also been really helpful. Starting my own company has really been a learning experience and it's something that I'm constantly trying to improve on and adapt and be flexible.

 

 

 

3) Did your relationship with money change after starting your own business?

 

After starting my own business, I don't think my relationship with money changed. I think I already had a pretty pragmatic relationship with money. My parents raised us to have a very practical and frugal (in a good way) relationship with money, where you save it when you can, and spend it where it's necessary. I think that mindset really helped me in managing my business, and also making sure I had enough savings before I started my business to be financially stable and safe.

 

 

4) Has your family background and upbringing influenced your views on money?

 

Growing up in Hong Kong and in a Korean household, money is something that you save wherever you can. Because my parents were Korean immigrants to Hong Kong, they came here with very little in their pockets. Thus, every single dollar was so precious to them. This was also something that was instilled in us growing up. I remember as a kid, my mom and dad would take us to the big Toys”R”Us in Harbour City but we would never buy anything. We just browsed and that was entertainment for the day.

 

My dad, who was a business owner and entrepreneur, also really educated us about the importance of saving money. He taught us that even if you have money, it is still important to save wherever you can and not spend it mindlessly. My parents used to tell us that money can’t buy you happiness, but you can't be happy without money.

 

 

5) What does money mean to you?

 

To me, money represents stability, freedom,  a sense of security and peace of mind. I think having all of those things can actually lead to happiness, contentment, and satisfaction in life.

 

 

6) What does investment mean to you?

 

Investment to me represents prioritizing your future. You’re not just thinking about the now, but also thinking about 10 years from now, 20 years from now, and eventually your retirement. Let's say you have all this money in your bank. Do you want to buy that fancy new toy? Or do you want to save it towards your rent or basic necessities? Through saving little by little, you can have a more comfortable life in the future instead of satisfying your current wants. 

 

 

7) What are your current money goals?

 

My money goal now is definitely to make more of it! I also want to invest my money and create multiple streams of income for myself. At the end of the day, I mainly just want to be in a position where I can provide a comfortable life for myself and my family.

 

 

8) If we gave you HK$10 million, what would you do with it? 

 

If I was given 10 million Hong Kong dollars, I would definitely invest some of it with AQUMON! And I would probably use it to take a long holiday, and not have to worry about the cost of the quarantine hotel coming back into Hong Kong.

 

 

 

 

 

 

About us

AQUMON is a Hong Kong based award-winning financial technology company. Our mission is to leverage smart technology to make next-generation investment services affordable, transparent and accessible to both institutional clients and the general public. Through its proprietary algorithms and scalable, technical infrastructure, AQUMON’s automated platform empowers anyone to invest and maximise their returns. AQUMON has partnered with more than 100 financial institutions in Hong Kong and beyond, including AIA, CMB Wing Lung Bank, ChinaAMC, and Guangzhou Rural Commercial Bank. Hong Kong University of Science and Technology, the Alibaba Entrepreneurs Fund, affiliate of BOC International Holdings Limited, Zheng He Capital Management and Cyberport are among AQUMON's investors. 

 

The brand is held under Magnum Research Limited and is licensed with Type 1, 4 and 9 under the Securities and Futures Commission (SFC) of Hong Kong. AQUMON is also licensed by the U.S. Securities and Exchange Commission (SEC) and the Asset Management Association of China (AMAC).

 

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