Resource Tycoon Reborn

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In the luxurious suite of the Peninsula Hotel, the oldest existing hotel in Hong Kong and one of the most luxurious and famous hotels in Hong Kong and the world, representatives of South Korea's three major shipbuilding giants Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding are sitting around

Together, the faces of the three of them looked a little gloomy, without any smiles. Just an hour ago, they had just attended a meeting held by Guo's Shipping Group Company at the company's headquarters together with representatives of several major Japanese shipbuilding giants.

"Kok's Shipping Group has such a big appetite!" Hyundai Heavy Industries representative Kim Myung-cheol said hoarsely. At the meeting just now, Kuok's Shipping Group officially proposed that any two countries that want to build more than ten supertankers

Shipbuilding giants must sign relevant technology transfer agreements. They must ensure that the shipyards under the name of Kuok Shipping Group Co., Ltd. can independently complete the construction of 300,000-ton supertankers within five years.

This undoubtedly stirred up a hornet's nest among the Japanese and Korean shipbuilding giants. The scene at that time was in chaos. Representatives of these giants couldn't help but whisper to each other and discuss each other! Although no one clearly expressed their objections, it was obvious that

, all of you here are very dissatisfied with the conditions proposed by Guo's Shipping Group Company!

In today's world shipbuilding market, the construction technology of supertankers is still monopolized by Japan and South Korea. It is precisely for this reason that before the outbreak of the Southeast Asian financial crisis, the two countries relied on their leading technology in the shipbuilding industry to firmly control

As the top two companies in the world's shipbuilding industry, they can earn huge profits every year and become an important driver of their country's economy. If you want them to transfer their cherished shipbuilding technology, what is the difference between poaching their secrets?

"Minister Kim, the key now is how we deal with this excessive request from Kuok's Shipping Group!" Xu Changling, a representative of Daewoo Shipbuilding Company, said with a headache. Kuok's Shipping Group's request is indeed excessive, and it also makes

People find it hard to accept. But how can people not bow their heads when they are under the roof? As a subsidiary of the Daewoo Group that has fallen into operating difficulties, Daewoo Shipbuilding Company needs new orders more urgently than anyone else to cheer up the company's people.

!

Lee Joong-ki, the representative of Samsung Heavy Industries, secretly looked at Xu Changling with sympathetic eyes. Although the Daewoo Group once had more than 40 companies and nearly 300,000 employees, it spanned trade, construction, shipbuilding, automobiles, robots, and telecommunications.

and home appliances and other industries. It is the third largest group company in South Korea after Hyundai Group and Samsung Group. It is truly a world-class multinational company. Its annual trade volume exceeds 25 billion US dollars, and its exports are 56

One billion U.S. dollars. However, after the outbreak of the Southeast Asian financial crisis, group leaders misjudged the future situation. While other group companies were shrinking their businesses, reducing expenses, adjusting industrial structures, and striving to reduce their debt burden, Daewoo Group

Bucking the trend of expansion, it continued to issue a large amount of bonds for loan-based operations. In addition, the company's high debt before the financial crisis caused a huge debt burden. The general decrease in the profits of Korean companies also caused a sharp decline in the Korean stock market, and investment projects suffered a huge blow.

Due to a series of adverse effects, by 1999, Daewoo Group's debt had reached 80 billion U.S. dollars, and the company was seriously insolvent!

In order to obtain loans from the International Monetary Fund, the Korean government, the original supporter of Daewoo Group, had to agree to reform the country's large conglomerates. This meant that Daewoo Group could no longer obtain loans from South Korean banks as before.

A lot of financial support.

In order to change this situation, Daewoo Group had to sell a large number of its companies. However, due to the general economic downturn in South Korea and the world, Daewoo Group also revealed "huge losses hidden in its books" in the process.

Although the rumors have not been finally confirmed yet, they have caused many companies that were originally interested in taking over these companies to avoid them one by one.

The result is that until July, Daewoo Group's economic situation has not improved at all, and is still sliding into the abyss of bankruptcy and liquidation. As one of the most important subsidiaries of Daewoo Group, Daewoo Shipbuilding will naturally have to

Without the support from the group company, its situation is even more unbearable than that of Samsung Heavy Industries and Hyundai Heavy Industries! And this large order from Kuok Shipping Group is tantamount to a life-saving move for Daewoo Shipbuilding.

rope!

In fact, it is not just Daewoo Shipbuilding that is in dire straits. The current situation of the entire Korean shipbuilding industry is very dangerous. Throughout 1999, in addition to the five major shipbuilding companies, there were more than 30 other small and medium-sized shipbuilding companies in South Korea in the first half of the year.

The total number of orders for new ships is only 150,000 revised gross tons, and they are concentrated in a few shipbuilding companies such as Shengjin Shipbuilding. Other small and medium-sized shipbuilding companies have received zero orders. Taking Shengjin Shipbuilding as an example, it has three shipyards.

Since the outbreak of the Southeast Asian financial crisis, it has only received an order for one 50,000-ton bulk carrier. One of the three docks has been empty for nearly half a year, while the other dock was under construction as of August.

After the 20,000-ton bulk carrier is launched, it will also be idle.

The person in charge of the company once expressed worry in an interview with the media that if no new orders are received within the year, the shipyard will soon face the risk of completely going out of business. In the past, shipyards and cooperative supporting companies

There are more than 3,500 staff members, but now the number of people working is less than half of that year!

Moreover, these small and medium-sized shipbuilding companies are not only empty of orders, but also have a lot of debt that they cannot get rid of. Many small and medium-sized shipbuilding companies have to pin their hopes on financing rescues with extremely low success rates or mergers and acquisitions of large shipbuilding companies. However,

The situation of small and medium-sized shipbuilding companies in South Korea is bleak. Although the situation of large-scale shipbuilding companies is better than that of small and medium-sized shipbuilding companies, they are also stuck in a situation of shortage. Although large-scale shipbuilding companies have relatively strong funds and can withstand losses, they also have their own

With the support behind the group company and the strength of offshore engineering equipment production, they still have a certain degree of profitability despite the sluggish shipping market. However, in order to survive this period of "bad business", they have to enter

Grabbing orders at low prices in the low-end market will undoubtedly make it more difficult for small and medium-sized shipping companies to survive, and will also push ship prices to continue to fall, making business operations even worse.

Moreover, in order to cope with the downturn in the shipbuilding market and the continued deterioration of operating conditions, these large shipbuilding companies will adopt a tight operating system, so they have no interest in acquiring domestic small and medium-sized shipbuilding companies! By the first half of this year, the Korean shipbuilding industry

, seven small and medium-sized shipbuilding companies have gone bankrupt.

In such a bleak situation, both the major shipbuilding companies themselves and the Korean government are undoubtedly in urgent need of an exciting excess order! Moreover, the orders received by the shipbuilding industry will stimulate other domestic industries in South Korea.

The effect cannot be underestimated.

On the way back, Kim Ming-cheol once angrily asked if they could unite with Japan's major shipbuilding companies to boycott the Kuok Shipping Group. However, neither Lee Joong-ki nor Seo Chang-geum took up his suggestion. Maybe Hyundai Heavy Industries has

With this confidence, even if he does not accept this order, he can survive this cold winter, but it is impossible for Daewoo Shipbuilding Company! Before he came to Hong Kong, the company's leader once said to him in private,

The chairman of the group, Li Jianxi, took this matter very seriously and asked him to get an order!

At that time, Lee Jong-ki had sweat on his back. Lee Jian-hee was a god in the Samsung Group. Since he personally paid attention to this matter, Lee Joong-ki has undoubtedly entered a very critical period. If things are done well,

, that naturally caught Li Jianxi's eye, and would benefit him greatly from his promotion in the Samsung Group in the future; and if he failed in this matter, I'm afraid the best result would be to stay in his current position for a longer period of time.

Been there for several years!

"Minister Xu, Minister Li, what do you think about this request from Kuok Shipping Group Company?" Jin Mingzhe looked at the thoughtful Li Zhongji and asked again.

"I think a boycott is unrealistic! In other words, the most we can do is make a gesture. In essence, we still have to negotiate with Kuok Shipping Group Company!" Lee Joong-ki said softly, "As far as I know, our country's shipbuilding industry is not

The Japanese are having a harder time than us!"

"Well..." Jin Mingzhe and Xu Changjin nodded. There is no doubt about this.

"Among the Japanese shipbuilding companies participating in the meeting this time, needless to say, companies such as Kawasaki Shipbuilding and Mitsubishi Heavy Industries. Although their lives are difficult, after all, they have their respective parent companies behind them. They are not at the end of their rope yet, but Feldspar Shipbuilding

Co., Ltd., as far as I know, is in danger of going out of business completely. Moreover, other domestic shipbuilding companies in Japan have been coveting it, but they just can’t find the opportunity to start. I am very worried that if Feldspar Shipbuilding Co., Ltd.

…”

Jin Mingzhe's face turned ugly. Although Li Zhongji did not finish what he said, his meaning was very clear. If the boycott of Kuok Shipping Group Company is to be successful, at least everyone must work together! And Feldsake Shipbuilding Co., Ltd. is currently the

In internal and external difficulties, it not only faces the dilemma of having nothing to eat, but also has to always be wary of its original competitors. Therefore, in this case, it is the one most likely to reach a cooperation agreement with Guo's Shipping Group Company.

Ten supertankers, even if the profit spread equally to each ship is not much, it is enough for Feldspar Shipbuilding Co., Ltd. to survive the most difficult period. Maybe... after a year and a half, everything will be there

New changes!