Resource Tycoon Reborn
Chapter 430: Plan ahead
On October 21, 2006, the whole country of South Korea rejoiced, because on this day, the 61st United Nations General Assembly held a meeting, and representatives of nearly 200 United Nations member states who attended the meeting finally passed a resolution to
Ban Ki-moon, Minister of Foreign Affairs and Trade of South Korea, was appointed as the new Secretary-General of the United Nations! This news spread back to South Korea, and South Koreans were excited about it!
On the same day, Fang Mingyuan's special plane landed at Seoul's Gimpo International Airport, which was originally one of the busiest airports in Northeast Asia. It is only 17 kilometers away from downtown Seoul and about 10 kilometers closer than Incheon International Airport.
After the opening of Incheon International Airport in 2001, Gimpo International Airport became a secondary airport mainly for domestic flights in South Korea. Of course, there was no need for Fang Mingyuan's special plane to land at Incheon International Airport.
The people who came to pick him up were Yin Zhonglong and Li Yinghao. As the head of Samsung Group, Li Jianxi naturally had to go to the Blue House to attend the reception celebrating Ban Ki-moon becoming the Secretary-General of the United Nations. Of course, this was also because Fang Mingyuan did not
There was no reason to come here in a high profile.
"Master Fang, I haven't congratulated you for your success again!" Yin Zhonglong said with a smile. "Hero" won a global box office of nearly 1.6 billion US dollars in one fell swoop, which not only set a new box office record for Oriental films in the global film market.
A new record, and it is very likely to win the top spot in the global movie box office rankings in 2006. Think about it, the total investment of the "Hero" trilogy is only 150 million US dollars. Many people have Hong Kong Kumho
The film group company is not making movies at all, but rather making money printing machines or robbing banks.
This does not include the income from various derivative products of "Hero" in the future. If the total income is taken into account, if Hong Kong Kumho Film Group Company operates well, it will earn more than one billion or eighty million US dollars in income.
It's normal. Just look at the kung fu craze and Oriental tourism craze brought about by "Hero" around the world. No one will doubt this data. The total revenue brought by one movie to Hong Kong Kumho Film Group Company is more than ten
billion US dollars, and many companies in this world that work hard for a year cannot reach this amount of revenue.
Although Yin Zhonglong is not an insider in the film industry, he knows something about the Korean film industry. The Korean film market is small. Although there are dozens of films produced a year, the box office of these films has increased.
Up to now, even a fraction of the box office of "Hero" can't be compared. After "Hero" achieved global success, Korean filmmakers went crazy for it! Although they thought of operating it under the operation of Hong Kong Kumho Film Group
, "Hero" will definitely not fail. After all, the investment cost is nearly half lower than that of Hollywood movies of the same level. And "Fang" personally directed it, and many stars from Hong Kong participated, but they didn't expect anything.
"Hero" actually achieved a record of shining stars even in the Hollywood movie rankings!
"Thank you, Uncle Yin. It's just a fluke. You should wait until the "Hero" trilogy is released. If the results are acceptable, then praise me again." Fang Mingyuan said with a smile. Regarding the box office results of "Hero"
, not everyone is singing praises. There are also people who are pessimistic, thinking that Hong Kong Kumho Film Group is just sensationalizing, martial arts movies are already a thing of the past, and the success of "Hero" is just a return to glory. Some people criticize Hong Kong
As the most successful film company in Hong Kong, Kumho Film Group should set an example for its peers by forging ahead and exploring new film forms, rather than returning to costume films and martial arts films.
Zhonglong secretly admired Fang Mingyuan's honor and disgrace. He had seen too many examples of young people who became frivolous when they were successful. How could someone like Fang Mingyuan, even after achieving such achievements that attracted the attention of the world, still have a peaceful mind.
Li Yinghao also chatted with his sister and learned about her current situation. Of course, his ears were also perked, listening to the conversation between Yin Zhonglong and Fang Mingyuan. He now admires this cheap brother-in-law very much. He
What I am more concerned about now is when the love between Fang Mingyuan and Li Xintong will be crystallized. In that case, it will play an important role in consolidating the relationship between the Li family and the Fang family that cannot be ignored.
Yin Zhonglong quickly turned the topic to Samsung Group and South Korea's economy. He really wanted to hear Fang Mingyuan's views on South Korea's economic development in the future, so as to better arrange Samsung Group's future development plans.
In South Korea in 2006, the overall economic situation is still relatively optimistic so far. The Bank of Korea predicts that the economic growth rate for the whole year can reach about 5%. This figure is already considerable for the gross national product.
For South Korea, it is already very good. Moreover, South Korea's price index remains stable, the labor market continues to improve, the national unemployment rate is around 3.4%, and household income has also increased. The labor market is in good condition.
and the general increase in household wage income, providing strong impetus for the continued growth of private consumption in South Korea.
However, there are also some negative effects. For example, the exchange rate of the Korean won continues to accelerate. In early 2006, the exchange rate between the Korean won and the U.S. dollar exceeded the mark of 1,000 Korean won to one U.S. dollar, and has repeatedly reached new highs. By the end of August,
At that time, it set a new record of 911 Korean won to one U.S. dollar. This was the highest value of the Korean won against the U.S. dollar since the outbreak of the Southeast Asian financial crisis at the end of the last century. Compared with the same period last year, the Korean won was
The Korean won has appreciated more than 13% cumulatively, and according to the Bank of Korea’s predictions, judging from the fundamentals of the Korean economy and the trend of the US dollar against other major global currencies, the Korean won is still likely to continue to appreciate in the second half of the year. This is very important for South Korea.
This is not good news for Samsung Group, and the same is true for Samsung Group! Moreover, the international market price of oil has been rising, which is also bad news for South Korea, which needs to import almost all its oil. This means
As a result, South Korea will have to spend more foreign exchange to purchase oil, which will also increase South Korea's manufacturing and living costs.
After years of rapid growth in the real estate market, the South Korean government has expanded the supply of housing, levied heavy taxes, investigated multi-house owners for tax investigations, strictly controlled the behavior of builders selling "off-the-plan properties", required builders to disclose the cost of housing construction, and imposed strict regulations on luxury homes.
After property owners levied property taxes as well as comprehensive property taxes and a series of other measures to suppress real estate speculation, it began to stabilize and fluctuate slightly. However, South Korea's housing prices are still at a fairly high level after soaring some time ago.
According to statistics from relevant Korean government departments, Gangnam District is a wealthy area in Seoul City and the urban area with the highest housing prices in the country. In the past three or four years, apartment prices in Gangnam District have increased by more than 50% on average. 2
In June 2000, the average price per square meter even reached 12 million won! This price is also extremely astonishing to Koreans.
As an important pillar enterprise of South Korea's economy, Samsung Group's development can be said to be inseparable from South Korea's economy. If Samsung is good, South Korea's economy will be good; if South Korea's economy is bad, Samsung's profits will be discounted!
Fang Mingyuan pondered for a moment and thought it was better to remind Yin Zhonglong and the others so that they could be mentally prepared. Moreover, as his wife and his assistant, Li Xintong knew many things, including most of the shares of Samsung Group.
What belongs to you, and what you lose in the subprime mortgage crisis, you also have your own share of.
"Uncle Yin, brother Yinghao, the pace of development of the group company will slow down in the next two years, especially in European and American countries. I personally think that there may be big economic risks." Fang Mingyuan said seriously.
In his previous life, although he didn't care much about the economy. However, the subprime mortgage crisis was raging around the world and the serious consequences caused by it were covered by various media. He just didn't care. He had read too many news reports.
Many of them also talked about the Korean economy. In the development of the Korean economy, import and export trade occupies an extremely important position. Because of its small land area and lack of various resources, it has to import raw materials from other countries, and the domestic market
Capacity is determined again. A considerable part of the products it produces must be sold to overseas markets. The global economic crisis has had a greater impact on the Korean economy than many countries.
This can be seen clearly from the changes in the exchange rate of the Korean won. Before the subprime mortgage crisis, the exchange rate of the Korean won against the U.S. dollar was basically more than 900 won to one U.S. dollar. However, after the subprime mortgage crisis broke out, the exchange rate dropped in less than a year.
Within a short period of time, the exchange rate of the Korean Won has become almost 1,400 Korean Won per US dollar! In just one year, the Korean Won has depreciated so much that it can be said to be extremely rare among developed countries!
Fang Mingyuan was in Beijing at the time, and the most direct feeling he heard from many people was that the group of foreign students who came to study in Beijing no longer lavishly show off their wealth, and many of them have returned to China. It is because of the Korean won against China.
The exchange rate of the yuan has also dropped sharply. It is said that it has depreciated by nearly 70% in more than half a year! From this, we can see the impact of the sharp depreciation of the Korean won on Koreans.
"By the way, have the times for the companies we want to list listed been determined?" Fang Mingyuan asked. After the last meeting with the President of South Korea, Fang Mingyuan and Li Jianxi agreed to allow some companies under the Samsung Group to be listed on the Korean stock market.
Going public will prevent some people from always making irresponsible remarks about this and affecting the image of Samsung Group in South Korea. Of course, Fang Mingyuan also plans to make a fortune in the Korean stock market. He has a psychological barrier to making money in the domestic stock market.
, but he has done a lot of work in overseas stock markets. Whether it is the Japanese stock market, the American stock market, the Korean stock market and the European stock market, he has done this kind of thing several times. Otherwise, how could the Fang family's overseas assets expand so much?
fast.
"It's almost finished. If nothing else happens, it should be launched early next year." Yin Zhonglong thought for a while and said.
"That's good, it shouldn't be later than the middle of next year at the latest!" Fang Mingyuan said. The Korean stock market has been on an upward trend since 2005, and up to now, the increase is still quite gratifying. This also makes
Many Koreans have invested their family's idle funds in the stock market. Although it has not reached the point where everyone in China talked about stocks in the past few years, it has become a social trend. As far as he knows, the upward trend of the Korean stock market will continue in the next few years.
The loan crisis was also forcibly interrupted and there was a sharp decline. Although it did not last for a long time and then resumed its upward trend, if you are lucky, you can also make a fortune.
"You mean... the risk may explode in the second half of next year?" Li Yinghao asked in surprise. If this is the case, time is tight enough. If someone else said this, he would definitely sneer at it.
, but he did not dare to turn a deaf ear to Fang Mingyuan's words.
Once there is a major economic turmoil in South Korea, it will definitely affect the stock market, and the decline in the stock market will affect the personal economic situation of the people. South Korea's housing prices, which are already at historically high levels, will definitely be affected, and if housing prices fall, many people will inevitably sell their houses.
But people who buy houses will definitely be affected, which will undoubtedly cause the economic income of Korean companies and tens of millions of families to shrink, which will in turn affect the Korean stock market again, forming a vicious circle.
"No one can say with 100% certainty whether it will break out next year, but I don't want to leave an impression on Koreans that we look too ugly." Fang Mingyuan said solemnly. Although it is said that it is stuck on the market, it will definitely gain popularity.
Better profits, but the companies under the Samsung Group were listed on the market before long, and the economic crisis broke out soon, which will definitely become a reason for people to attack Samsung Group.
Samsung Group is Fang Mingyuan's most powerful "weapon" to influence South Korea's economy and even politics, so maintaining a good reputation will play an important role in Fang Mingyuan's future actions.
Li Yinghao's face was slightly hot. He did not expect that Fang Mingyuan would give him such an answer.
Yin Zhonglong smiled with satisfaction in his heart. He was satisfied with Fang Mingyuan's overall view! Of course, he also felt a little regretful. As Li Jianxi's only son, Li Yinghao was destined to take over the Li family in the future.
The family holds the shares of Samsung Group, and Li Jianxi has been cultivating his abilities in order for him to take over smoothly. However, this person has to compare with others and compare goods. Among young people of the same age in South Korea, Li Yinghao is...
He is undoubtedly the leader, but when compared with Fang Mingyuan, his superiority is immediately apparent.
Sometimes he also thinks that Li Jianxi is getting older and his energy has declined compared with previous years. If Fang Mingyuan, the son-in-law of the Li family and the company's major shareholder, can take over as chairman of Samsung Group
Is this position better for the development of Samsung Group? (To be continued.)
Chapter 430: Prepare for a rainy day:
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