In a golf club hotel chartered by the Westeros Company in the eastern part of Martha's Vineyard.
Nine o'clock in the morning.
Chen Qing and an assistant pushed the door into a conference room in the hotel. All the Korean chaebol bosses who came to North America this time had arrived. Seeing that only Chen Qing appeared, all the Korean chaebol bosses at the scene were a little surprised. and dissatisfaction.
The first two days were hosted by Chen Qing and James Raybould, with Raybould taking the lead.
Even if they knew the status of this woman in Westeros, for Koreans who were accustomed to favoring boys over girls, today should have been a more important meeting. Raybould's absence made them all feel a little angry at being slighted.
Daewoo Group founder Jin Yuzhong and Chen Qing, who was wearing a pair of black-rimmed tortoiseshell glasses and gray hair, sat down and looked at the door of the conference room. Seeing that no one was coming in, he asked: "Ms. Chen, Mr. Raybould is not here today." Will you attend?"
Chen Qing slowly put a Nokia mobile phone in her hand, and put a blue folder in front of her. Finally, she placed her hands on the large conference table with her fingers intertwined. She nodded and said with a smile: "What happened in the past two days?" After three meetings, our mutual attitudes have become clear. Now, all kinds of bad news continue to come from your countries. I don’t think anyone is in the mood to continue talking. Therefore, in accordance with the instructions of my boss, the talks are temporarily suspended. You can deal with more pressing matters.”
No more talk? !
After confirming that they heard correctly, some people in the conference room almost stood up and banged the table.
You know, after close private consultations, they have planned to make some appropriate concessions in order to obtain the rescue of the Westeros system.
Now, they suddenly stopped talking about it, so how could they still try to show off their ideas
The atmosphere was silent for a moment, then Jin Yuzhong of Daewoo Group spoke again: "Ms. Chen, are you sure this is Mr. Westeros's decision?"
Chen Qing nodded: "That's right."
Hearing this, Jin Yuzhong's expression was gloomy for a moment. He glanced at the other people sitting there. Finally, he was the first to stand up and walked out with his secretary without saying a word.
Later, Zheng Mengjiu from Hyundai Group stood up and left the conference room.
The leaders of the top and second largest chaebols in the country all stood up and left. The remaining five bosses of Samsung, LG, SK and other chaebols looked at each other and saw Chen Qing sitting at the conference table without anyone else. Afterwards, they all walked out of the conference room.
After there was no one else in the conference room, Chen Qing finally opened the folder he had just brought in and took out a Walkman. He put on his headphones and listened while flipping through the files. Occasionally he raised his pen to write something down. After a few minutes, she said to Lily Fawell, who had been watching behind her: "Lily, guess how many of the seven chaebol bosses will contact us privately this time?"
Lily Fawell was very curious about what Chen Qing was listening to. After hearing this, she thought for a moment and said with a smile: "Two or three, maybe. In the past few meetings, SK has been the most active, so it must be one. In addition, I think there will be more LG, because these two companies are not large in the semiconductor and LCD screen businesses that we are interested in, it doesn’t matter if they give up.”
Chen Qing nodded: "Smart."
Lily Fawell smiled, changed her body position on the secretary's chair behind Chen Qing, leaned forward slightly, and said: "However, this will definitely not meet your expectations."
"Yes," Chen Qing said, "Besides, didn't you just say two or three? Guess another one?"
Lily Favell thought for a moment and said: "I think it should be one of Hyundai and Samsung. Hyundai focuses on cars. Although the electronics industry is also very large, it is not the core. Giving up is nothing. As for Samsung , the electronics business has the largest share, which will become the company’s weakness. If it doesn’t cooperate with us, it may completely go bankrupt in the next few years.”
Chen Qing once again made a sound of admiration and said, "Lily, you are good enough to work as an assistant to the boss."
Lily Favell didn't take up the topic. In theory, Chen Qing was actually equivalent to Simon's assistant, responsible for helping the superior man handle various affairs in Asia. She was initially assigned to Chen Qing and Lin Su. The waitress beside me is now lucky to be Simon Westeros' assistant.
So he changed the topic: "Ms. Chen, I remember you told me a Chinese idiom, which is to kill a chicken and show it to the monkey. I think Daewoo is very suitable to be a monkey."
"One more point."
As Chen Qing spoke, she heard an eavesdropped conversation on her Walkman about Daewoo Group's Kim Woo-jung and LG head Goo Bon-moo, and wrote a few Chinese characters on the Korean document in front of her, which happened to be what Lily said.
Kill the chicken to scare the monkey.
After finishing writing, Chen Qing still had a sneer on her lips.
Those guys were probably used to being local snakes in Korea, where there were no tigers in the mountains and monkeys were kings, so they didn't quite understand what the name Simon Westeros meant.
Even for South Korea's number one Hyundai chaebol, according to the information in Chen Qing's hands, even if the exchange rate of the Korean won to the U.S. dollar before the crisis was 800 to 1, the total scale of all businesses including automobiles, steel, machinery, electronics, etc. More than 30 billion U.S. dollars, less than one-tenth of the market value of Ygritte, the largest company in the Westeros system.
Let alone now.
According to the Korean won-to-US dollar controlled exchange rate of 2,000 to 1 announced by the Korean government, the Korean won has depreciated by as much as 60%. Similarly, Hyundai Group's market value, calculated in U.S. dollars, is only a little over 10 billion U.S. dollars.
In fact, without the Westeros system, which is an unusual behemoth, the modern group with a size of tens of billions of dollars would indeed be among the top corporate giants of this era.
This is also the problem.
His boss has taken a fancy to Korea, a small market. For Chen Qing, it is really a bit of a sledgehammer, so he might as well do more business in China.
China has huge growth potential.
After a little development over the past few years, it has easily surpassed South Korea in size and will only be far behind in the future. As for South Korea, it is too small. Not only is it in an awkward zone between China and Japan, but it is also controlled remotely by the United States. It has to accept its fate if it doesn't accept it.
Therefore, who is qualified to take action here
After waiting for a moment, the Nokia phone that Chen Qing had deliberately placed on the conference table as a hint after entering the door rang.
Pick up and answer.
As Lily Fawell expected, the first one was SK.
Whether it is the situation of SK Group itself in South Korea or the attitude of SK leader Choi Jong-hyun at three meetings in the past two days, it means that this chaebol is in urgent need of support from the Westeros system.
SK first started in the textile industry, and later emerged through the petrochemical industry. In the 1980s, it created a second pillar business of the group in the communications field. South Korea's first digital signal CDMA communications network was built by SK Communications.
Similarly, influenced by the semiconductor trend of 'a box of chips for a ship of ore' in South Korea in the 1970s and 1980s, SK, like many other chaebols, got involved in the semiconductor and other electronic businesses. However, it was very weak in this area and was far from being able to compete with modern Compared with the scale of Samsung's semiconductor business.
Then there are the years.
Because of the in-laws of the Choi family, former South Korean President Roh Tae-woo was investigated by the Kim Young-sam government and was eventually sentenced to 17 years in prison. SK was also suppressed. The petrochemical industry, one of its core businesses, almost encountered Hyundai, Daewoo, and Samsung. A comprehensive encirclement and suppression campaign was launched, and they were retreating steadily. The communications industry, which is subject to relatively strict state control, has also been faced with numerous obstacles set up by the Kim Young-sam government in recent years.
Now, South Korea's most serious economic crisis has hit.
If it cannot get strong foreign aid, it is difficult to say whether SK can survive the next few years. Since they are looking for a backer, turning to the Westeros system is definitely SK's best choice.
Subsequently.
The second one is modern.
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The third one is Samsung.
Lily Fawell guessed wrong, LG.
In the eavesdropping recordings obtained by Chen Qing in recent days against a group of South Korean chaebol bosses, LG's Koo Bon-moo and Daewoo Group's Kim Woo-jung had their abacus crackling, and they obviously did not think that those who recognize current affairs are heroes.
After making separate appointments with the heads of the three chaebols of Hyundai, Samsung and SK, Chen Qing silently listened to the box of eavesdropping recordings again before leaving the conference room with Lily Favell.
The next meeting is scheduled for tomorrow. Before that, Chen Qing still needs to communicate with her boss.
After driving back to a property owned by her boss in the northern part of Martha's Vineyard, Chen Qing quickly connected to her boss's video call when she came to a study room.
It's about six o'clock in the morning in Los Angeles.
The video was connected, and Simon was seen jogging on a treadmill in sportswear.
After taking a greedy look at her boss's chest and abdominal muscles under his vest, Chen Qing asked with a smile: "Boss, have you read the wiretapping recording materials I compiled?"
Simon slowed down the treadmill again, without looking at the camera, and just nodded: "I've seen it."
The head of South Korea's Yiqian chaebol settled in the Golf Club Hotel on Martha's Vineyard. Although they would not be completely unprepared, with the eavesdropping capabilities of the Westeros family's private intelligence team, not to mention that it is their home stadium, those people certainly cannot escape. .
Simon has no moral burden on this either.
Business competition has never been gentle, let alone at his current level.
With Chen Qing's temperament, she was even more excited about this. She felt like "Mission: Impossible". She raised three fingers and said: "I just sent those people away, and then I received three phone calls. Guess where, boss?" Three families?”
Simon knew more about the inside story than Lily Fawell, so he naturally guessed more accurately. He casually said: "Samsung, Hyundai, SK."
Chen Qing's eyebrows curved: "It seems that the boss values Samsung very much."
When it comes to South Korean chaebols, people’s first reaction is basically the Samsung Group, which accounts for up to 20% of South Korea’s GDP. But in fact, in this era, Hyundai is the boss, followed by Daewoo Group, and Samsung can only be ranked third, even because last year Semiconductor prices have plummeted, revenue and profits have plummeted, and there is a trend of being overtaken by fourth-place LG.
At this meeting, including SK, which is ranked fifth, all the top five chaebols in South Korea are present, and there are two others, both of which are also among the top ten. They are Hanjin Group, which is seventh and is mainly engaged in shipping and aviation business, and Hanjin Group, which is mainly engaged in shipping and aviation business. Hanwha Group, which operates petrochemical machinery, ranks ninth.
The last two are just making up the numbers, but they are not making up the numbers.
Because the electronics business of the two companies related to the theme of this meeting is dispensable, Simon is very interested in the two businesses themselves, whether they are shipping, aviation or machinery and petrochemicals, especially the shipping business that Hanjin is mainly engaged in, and the business that Hanwha is involved in. Machinery is the focus of the Westeros system's next deployment in Asia.
This time it’s a touch first.
Chen Qingneng could see from the ranking he casually mentioned that he attached great importance to Samsung. Simon was not surprised, but he did not admit or deny it. He directly began to give instructions: "Next, the focus of your negotiations with these three companies is to buy out Hyundai. Electronics business, integrate with SK. At the same time, lobby SK to cooperate with AOL, the model is similar to the previous AOL and China Telecom. As for Samsung, hasn’t South Korea always been competing for Kia? You can promise to help Samsung win Kia, on condition We obtain at least half of Samsung Electronics’ shares, and we guarantee that we will not interfere with Samsung’s automotive business at all in the future, and will only conduct certain supervision of the electronics business, but control will still belong to the Li family.”
Buying out Hyundai's electronics business and integrating it with SK is equivalent to building the future SK Hynix in advance.
SK's cooperation with AOL is naturally to advance into the ISP field in South Korea.
Speaking of which, South Korea's Internet speed later ranked among the best in the world, but at this stage, even though the first wave of Internet bubbles in North America have burst, the mainstream in South Korea still uses 64K Internet speed via modem connection. This is mainly due to the regulation of South Korea's telecommunications industry.
South Korea has entered the ranks of developed countries with a per capita GDP of US$10,000 in the 1990s. This is true, but in fact it is still very closed in many aspects, such as movies, finance, telecommunications, etc., which were all restricted after 1997. Compulsory opening up. In the end, except for the film industry, which was prosperous, many other fields became colonies of overseas capital.
Chen Qing understood her boss's arrangements for Hyundai and SK. When she heard Samsung's question, she didn't react for a moment: "Boss, aren't you optimistic about the traditional automobile industry? Why do you want Samsung to win Kia?"
Simon said: "It is precisely because I am not optimistic that Samsung won Kia. This can divert Li Jianxi's energy to the automobile business."
The biggest decision-making mistake of the former Samsung in the 1990s was to forcefully enter the Korean automotive field, which has been divided up by Hyundai, Daewoo and Kia for more than 80% of the market. It ended up with a loss of more than 3 billion U.S. dollars, and the subsequent negative effects have continued to linger. He has been with the Samsung Li family for many years.
This time, since Li Jianxi likes cars so much, of course Simon has to help and let the other party play more.
However, taking over Kia, which has many years of experience in the automotive industry, may allow Samsung to make certain achievements in the automotive field this time.
But Simon doesn't care.
The core is to compete for more control of Samsung Electronics.
As for everything, Simon is actually able to get it, because according to the recent Samsung Electronics stock price and the Korean won-to-US dollar exchange rate, the company's market value is only about 3.9 billion US dollars, which is less than 100% of the peak market value of more than 500 billion US dollars in two decades. One, with the capital strength of the Westeros system, it would be no problem to eat it all in one go.
The problem is that Simon doesn't have the energy to take care of it himself, and he doesn't have a suitable team at hand. Of course, it's up to the Samsung Li family to run it themselves.
Simon only plans to stand behind the scenes and be a person who works hard.
Of course, in order to prevent the Li family from completely controlling Samsung Electronics, they should give it another automobile business to divide the other party's energy and facilitate the penetration of the Westeros system. As for the integration of Korean chaebols, the automobile business will inevitably have a relevant impact on the electronics business. Since it has been seen in advance, Simon can certainly take relevant preventive measures.
Chen Qing understood and confirmed again that her boss really valued Samsung more than she thought. It seems that I will have to spend more time next time.
After thinking about it like this, Chen Qing finally asked: "Boss, Daewoo and LG, what should we do?"
Simon said: "Daewoo is using it to scare the monkeys, LG, and then we will suppress them until they come to us and then recruit them."
Chen Qing laughed, turned over the document in front of her that she had just been reading in the club hotel conference room, and showed it to Simon: "Boss, we have an idea."
Simon saw Chen Qing holding up the four Chinese characters 'kill the chicken to scare the monkey' in the blank space of the document, and smiled and said: "Clever."
Not much to say.
There are actually differences in what the two consider.
Simon happened to remember that the Daewoo Group was the worst chaebol in this crisis. It ranked second in South Korea, but it completely collapsed in the end. It was even worse than Kia, which ranked seventh. Kia was later acquired by Hyundai, and the brand has still been continued and revived. Daewoo, on the other hand, completely dissipated. Kim Woo-jung, the head of Daewoo, fled the country before the collapse of the consortium. He was wanted globally for being suspected of large-scale financial fraud. He finally returned to China to face trial at the age of seventy and died in depression.
Compared with the chaebol giants that have been passed down for several generations in South Korea, Daewoo Group is one of the rare large-scale chaebols that has directly completed the entire process of creation, prosperity, decline and destruction in the hands of the founder.
After finalizing the general framework, the two discussed some other details, and Chen Qing reluctantly ended the video call. With all the excitement surrounding South Korea in recent days, she has a lot to do.