Reborn Industrial Tycoon

Li Weidong's words "here to die" made Lu Guangming a little confused.

"Death? I'm talking about South Korea's Daewoo Group, not some small business with cats and dogs. Daewoo Group is the second largest group in South Korea, second only to Hyundai Group!" Lu Guangming said.

"I will explain this matter to you later." Li Weidong paused, and then asked: "Is the news from Daewoo Group accurate? Could it be the news deliberately released by Jinzhou City, wanting us to

Price increase?"

The shopping mall was like a battlefield. The Daewoo Group suddenly appeared. Li Weidong did not rule out that it was a smoke bomb deliberately released by the local people in order to raise prices.

Lu Guangming lowered his voice and replied: "It's probably not a smoke bomb deliberately released. I paid money to find out this news."

"That should be true." Li Weidong continued; "Even if Daewoo Group interferes, don't worry, continue to inquire about the news, I will go there in person the day after tomorrow.

What's more, things like corporate mergers and acquisitions still depend on the conditions. The conditions we have offered so far are quite good. The price of 30 million has already exceeded the net asset value of Sanquan Factory.

Koreans are notoriously stingy. I believe Daewoo Group will definitely offer less than 30 million, and other details and conditions will only be considered. When the time comes, we will have an advantage over the acquisition conditions."

"But Daewoo Group is a top group after all. Its assets alone are tens of billions. I heard that it can also be ranked in the top 50 among the world's top 500. Whether it is compared with capital, scale, or comparison.

Due to our reputation, the health of our puppies is not as good as others." Lu Guangming said.

Li Weidong said confidently: "So what if the world's top 500 companies! Even if Sanquan Factory is really sold to Daewoo Group, I can still make them spit out everything before the end of the year!"

…

If European and American companies were very involved in the acquisition of Sanquan Medical Equipment Factory, Li Weidong might be a little nervous. But for South Korea's Daewoo Group, Li Weidong really didn't take it to heart.

It's not because Daewoo Group is not strong enough, but because it's 1997 now.

The development history of Daewoo Group has been touted as a business myth by Koreans, and Kim Woo-jung, the founder of Daewoo Group, is also regarded as a national hero by Koreans.

Jin Yuzhong started in the clothing business. It was just a small clothing store at first, and later developed into a textile factory. At that time, it happened to coincide with the transfer of low-end manufacturing from Japan to the Four Asian Tigers. The shirts produced by Jin Yuzhong took this opportunity to be exported to the United States.

Successfully opened the time difference in the United States.

After accumulating a certain amount of capital, Jin Yuzhong began to develop in machinery manufacturing, shipbuilding, construction, petroleum, chemical industry, automobiles, communications and other fields.

The expansion of Daewoo Group coincided with Park Chung-hee's administration. A very important part of Park Chung-hee's economic policy was that the state subsidized banks, and banks subsidized large enterprises. After the large enterprises grew, they would then feed back the country's economy.

This economic policy allowed South Korea to achieve economic take-off in a short period of time, but it also created South Korea's chaebol economy. The entire South Korean economy is controlled by chaebols, and when the strength of the chaebols reaches a certain level, the rulers are instead

Taken for granted by the chaebol.

The largest chaebol in South Korea in later generations was naturally the famous Samsung. In 1997, the electronics industry had not yet grown. At that time, the largest group in South Korea was the Hyundai Group, which was mainly engaged in automobile manufacturing.

Daewoo Group, which also focuses on automobile manufacturing, is South Korea's second largest group.

From the 1970s to the 1990s, it was the golden age of automobiles. Anyone who manufactured automobiles was the leader in their respective countries.

One major characteristic of South Korea's chaebols is that they are involved in various industries. The daily necessities of life of Koreans are closely related to chaebols.

Later generations often say that Samsung can take care of a Korean from birth to death. In fact, other big Korean chaebols can basically do this.

For example, in Lotte Supermarket in South Korea, you can buy shampoo produced by LG Group, ham slices produced by Asiana Group, and sanitary napkins produced by Hyundai Group.

In South Korea, the industries owned by the top chaebols can really supply your daily needs.

Among them, the one with the largest stall and the largest number of industries involved is Daewoo Group.

Daewoo Group's business strategy is to develop in an all-round way, no matter what industry it is, it must have a foothold.

However, it is precisely because of this rapid expansion of development that the Daewoo Group is large but not strong. Among the main businesses of the Daewoo Group, few of them rank first in South Korea.

In foreign trade and retail, Daewoo Group cannot compete with Lotte; in electronics, Daewoo Group cannot compete with Samsung; in communications, Daewoo Group cannot compete with SK; in automobile and shipbuilding, Daewoo Group cannot compete with Hyundai; in daily necessities, Daewoo Group cannot compete with LG;

In steel, Daewoo Group cannot compare with Posco; in industrial raw materials, Daewoo Group cannot compare with Doosan; in petrochemicals and transportation, Daewoo Group cannot compare with Asiana.

This situation of being big but not strong also paved the way for the future bankruptcy of Daewoo Group.

In 1996, Daewoo Group leader Kim Woo-jung formulated an ambitious "Five-Year Plan" to double Daewoo's overseas business and double the size of Daewoo's factories within five years.

Then the Asian financial crisis occurred in 1997, South Korea's economy collapsed, and this expansionary "Five-Year Plan" became a death plan.

Daewoo Group, with total assets of more than 60 billion, went bankrupt in a short period of time. Kim Woo-jung, once regarded as a national hero by Koreans, was sentenced to 10 years in prison and fined more than 20 trillion won.

In the end, Daewoo Group's assets were absorbed by many American companies at a low price, and not even the dregs were left.

This is also a true portrayal of Korean companies during the Asian financial crisis. At that time, the International Monetary Fund (IMF) was willing to lend money to South Korea, and the conditions attached to it were relatively well-meaning to the Koreans, who described it as "losing their rights and humiliating the country."

South Korea finally survived the Asian financial crisis and quickly recovered, but the price it paid was selling the entire country to Wall Street.

For example, Wall Street accounts for 55% of South Korea's largest Samsung Group. Nearly 90% of Samsung's preferred shares are controlled by Wall Street. The Lee family, which controls Samsung, only owns 2% of Samsung's shares.

Fortunately, the Lee family firmly controls the entire Samsung Group through a complex shareholding structure.

However, the most important function of preferred stocks is to enjoy dividends, so Wall Street takes away most of Samsung's profits through dividends. Samsung Group, which takes care of Koreans from birth to death, is actually a wage earner on Wall Street.

It is precisely because South Korea was in such a miserable state during the Asian financial crisis that Li Weidong did not take Daewoo Group to heart.

The current Daewoo Group, which came to acquire Sanquan Factory, should be implementing the so-called five-year expansion plan.

However, in Li Weidong's view, Daewoo Group's behavior is undoubtedly a sign of death. The faster Daewoo Group expands, the faster it will die when the Asian financial crisis breaks out!

Even if the Daewoo Group really acquires the Sanquan Factory, Li Weidong is not worried at all. The worst case scenario is that in November, when the Asian financial crisis reaches South Korea, the Daewoo Group faces a bankruptcy crisis and will take the initiative to spit out the Sanquan Factory.

…

Two days later, Li Weidong came to Jinzhou again.

In the past two days, Lu Guangming also collected more information.

"Jinzhou City already has an office of Daewoo Group. According to what I inquired about, people from Daewoo Group proposed to Jinzhou City to acquire the Sanquan Factory twenty days ago." Lu Guangming explained.

"Twenty days ago? It was when the asset and debt assessment of Sanquan Factory had just ended, right?" Li Weidong asked.

Lu Guangming nodded: "About that time, we just started negotiating the price, and the Koreans came to propose the purchase."

"The valuation of Sanquan Factory has just been completed, and the acquisition will be proposed immediately. This is because an insider leaked the information." Li Weidong smiled nonchalantly.

This is also a normal thing. There is no airtight wall in the world. It is impossible to keep complete confidentiality when acquiring a company with former employees.

"The people from the Daewoo Group really know how to save trouble. They want to acquire a company and don't do any investigation themselves. But when others are about to reach an agreement, they step in and stop them!" Lu Guangming said.

"After all, the Daewoo Group is from South Korea and doesn't know much about the situation of domestic companies. I guess it was only after the news about our acquisition of Sanquan Factory was leaked that they realized that Sanquan Factory is a high-quality asset, so they also proposed the acquisition." Li Weidong

He opened his mouth and analyzed.

Lu Guangming had a gloomy face; "That Shen Yuancheng Mansion is also deep enough. He knew clearly that Daewoo Group was going to acquire Sanquan Factory, but he still patiently negotiated with us and even finalized the details!"

"Shen Yuan is taking advantage of the situation! If he is just negotiating with one company, the price will definitely not go up. So he is talking to us and the Koreans at the same time, so that he can use our negotiation process to force the Koreans to

Give better conditions. This time, we are being used as a weapon by him!" Li Weidong said.

"It's really annoying! I've been talking to him sincerely for so many days, but I didn't expect that he would treat me like a monkey!" Lu Guangming said with an annoyed look.

Li Weidong asked: "Have you found out in the past two days what kind of acquisition conditions Daewoo Group has offered?"

"I heard that Daewoo Group's acquisition conditions are far worse than ours! They are only willing to pay 25 million. And it is not a one-time payment, but payment in batches, with 2 to 3 million being paid at once."

Lu Guangming then introduced: "Moreover, Daewoo Group is not willing to accept all employees. Employees who originally belonged to Sanquan Factory need to undergo training and assessment by Daewoo Group, and they can only work after passing the test."

"Appraisal? This is an excuse to lay off employees in disguise! Those older employees may be in trouble." Li Weidong sighed.

Foreign-funded enterprises are not as conscientious as Li Weidong, and layoffs are absolutely unambiguous. They don't care whether they are laid-off employees or whether their families have difficulties.

If you can work and bring benefits to the company, you can stay. On the other hand, if you cannot bring benefits to the company, you will definitely have to pack up and get out.

This so-called training and assessment is obviously a way to eliminate employees. Those who are older and have low education levels do not have much learning ability. If training and assessment are conducted, they will definitely be the group of people eliminated.

Li Weidong continued, "Looking at the conditions alone, we have an advantage, but Daewoo Group is a foreign investor after all. Even if the conditions they offer are worse, Golden State may choose them.

25 million foreign investment is much better than our 30 million! Lao Lu, you have to be mentally prepared, our efforts over the past month or so may be in vain!"

…

In the conference room, Shen Yuan looked apologetic and said, "Chairman Li, I'm really sorry, we really can't refuse Daewoo Group's investment!

Our Jinzhou City is located on the Liaodong Peninsula, across the sea from Japan and South Korea. It has always been an important area for attracting investment from Japan and South Korea. Our policy is also to give priority to attracting foreign investment from Japan and South Korea.

Daewoo Group is the top enterprise in South Korea and has many investment projects in Jinju City. Therefore, based on the principle of friendship, mutual benefit and long-term cooperation, we must give priority to Daewoo Group's investment. In this regard, we also hope that Chairman Li can understand."

Li Weidong knew that Shen Yuan's apology was fake, but he still smiled and nodded and said, "I understand. It is indeed not easy to attract investment from a large enterprise like Daewoo Group.

But there is one thing I want to explain. As far as I know, the health conditions for our puppies are better than those of Daewoo Group.

We are willing to invest 30 million, while Daewoo Group only contributes 25 million, and our 30 million can be paid in one lump sum, while Daewoo Group's 25 million is like squeezing toothpaste, and will be paid in batches.

We are also willing to take in all the employees of Sanquan Factory, which Daewoo Group cannot do. So I think if you choose us, it will be more beneficial to Jinzhou City and the employees of Sanquan Factory."

"In the short term, this is true. By choosing your puppy's health, Sanquan Factory can sell five million more, and its employees will be more secure. But we can't just look at short-term profits, but also long-term profits!"

Shen Yuan had a businesslike expression and continued: "After all, Daewoo Group is foreign-owned and a Fortune 500 company with strong strength. South Korea is also a high-income country and is technologically more advanced than us.

By introducing investment from Daewoo Group, we can use the strong capital of foreign companies and use advanced foreign technology to complete industrial upgrading, which will definitely be more beneficial to our Jinzhou City in the long run."

Li Weidong nodded, as if he agreed with Shen Yuan's statement. Then he stood up, stretched out his right hand towards Shen Yuan, and said at the same time: "Since you have made a decision, I will not force it. I hope that in the future We still have opportunities to cooperate.”

Shen Yuan responded very officially: "I also once again express my most sincere apology to Chairman Li, General Manager Lu, and Puppy Health. I am also very grateful to Chairman Li for understanding our work."

…

Li Weidong and Lu Guangming left the conference room.

Lu Guangming said with a displeased look on his face; "Relying on the strong capital of foreign companies and using foreign advanced technology is obviously because of Daewoo Group's status as a foreign investor!"

"This is normal. In the past two years, the country has attached great importance to attracting investment, especially attracting foreign investment, which is also a very important local assessment indicator! Foreign companies are definitely welcome to invest in the local area, not to mention Jinzhou.

It was originally a gathering place for Japanese and Korean capital." Li Weidong said calmly.

"But the conditions we offered are obviously better!" Lu Guangming said with an unconvinced look.

"But they are foreign investors! That alone is enough." Li Weidong responded.

Lu Guangming couldn't help but curse in a low voice: "I would rather give it to a foreigner than a domestic slave!"

Li Weidong chuckled: "Old Lu, you can't say that. What is a domestic slave or not? Each of us is the master of the country!"

Lu Guangming didn't have such a good attitude as Li Weidong, and he didn't bother to argue with Li Weidong, but asked directly: "Didn't you say before that even if Daewoo Group buys the Sanquan Factory, they can all spit it out.

So what should we do next?”

"What should I do? One word!" Li Weidong stretched out a finger and said: "Wait!"

"What are you waiting for?" Lu Guangming asked confused.

"Wait until Daewoo Group goes bankrupt!" Li Weidong replied.

"Stop teasing me!" Lu Guangming said, shaking his head.

Li Weidong replied seriously: "I'm not teasing you, what I said is true!"

"That's Daewoo Group, one of the top 50 companies in the world's top 500. They have tens of billions of dollars in assets, how could they go bankrupt! Even if they are going to go bankrupt, we can't wait! Hundreds

100 million U.S. dollars, even if it is burned as paper money, it will take several years!" Lu Guangming said.

"Who said that the world's top 500 companies cannot go bankrupt? Maybe even South Korea will go bankrupt by then!" Li Weidong smiled and then said; "Lao Lu, just wait patiently. I guess it will be at the end of this year, or next year

At the beginning of the year, that Shen Yuan will beg us to take over Sanquan Factory!"

…

Li Weidong and Lu Guangming returned to the capital together.

As soon as he got off the plane, Li Weidong turned on his mobile phone and received a call from his secretary.

"Chairman, a man named Situ Jian called you!"

"Academician Situ!" Li Weidong was shocked and quickly asked for Situ Jian's phone number, then called back.

After the two exchanged some pleasantries, Situ Jian said: "Xiao Li, do you remember the time we had a meeting and discussed the matter of joining the WTO negotiations."

Li Weidong thought for a while and replied: "Remember, Professor Huang Liwei was also there at that time."

"Yes, it was that time when you discussed Thailand's economy with Lao Huang. At that time, you judged that Thailand would give up its fixed exchange rate and international financial speculators would attack Thailand." Situ Jian continued.

"That's what happened." Li Weidong then asked: "Thailand hasn't announced that it will abandon its fixed exchange rate yet, has it?"

"Thailand has not given up its fixed exchange rate, but the international financial speculators have already arrived!" Situ Jian sighed, and then said, "You are half accurate in your prediction, so there is an internal meeting tomorrow, and you must come to participate!"

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