We are all reborn, who wants to be the richest man?
Chapter 783 The happiness of the chaebol
Busan Bank acquired a stake in Samsung, and the Lee family was forced to hand over the board of directors, but only retained the right to operate and manage.
Through various companies holding shares on behalf of others, although the Lee family is no longer the largest shareholder of Samsung, it still has the most voting rights.
Outsiders don’t know about this, but it is well known among the top leaders in South Korea.
Some people are indifferent and even think that this is how it should be because they have already been in this situation.
The SK Choi family helped the Luo family to develop their business in South Korea. How much power has been attached to the Choi family over the years?
In addition, there are Zhang Shanhui and Li Meiji, the two women of Luo Nianzhong. It is not an exaggeration to say that they are ruling the country from behind the scenes.
Later, with the joining of LG and Hyundai, half of South Korea was controlled by the Luo family, forming a situation of monopoly, but now this theoretical balance has been broken.
According to last year's economic data, SK Group, LG Group, Hyundai Group, Samsung Group, Lotte and Daewoo.
The six major chaebols controlled 71% of South Korea's economy, which can be said to have reached its peak.
Now that Samsung has surrendered, it can be said that the Luo family controls nearly 50% of the South Korean economy.
So some people were afraid, and some people panicked.
But they want to join because others look down on them and there is no other big brother like the Luo family for them to turn to. It would be strange if these people were not scared.
"Father, is it true that we can't join the Luo family's economic system?"
The Luo economic system is a new term coined by South Korean chaebols in recent days, referring to South Korean companies that are dependent on the Luo family.
Lee Kun-hee does not want to submit to the Luo family and join this system, while some people dream of becoming a slave of the Luo family.
Daewoo, the fastest rising chaebol in the past decade besides SK Group, is one of them.
"I really don't understand what's so good about Samsung. Our Daewoo is no worse than Samsung. The key is that we are more loyal than the Lee family."
Jin Yuzhong did not feel ashamed that his son wanted to be a slave, because he wanted to do the same.
It's not that I like being a slave, but I have to do it.
It is gratifying that Daewoo has been able to develop at the same rapid speed as SK Group over the years, but it also has huge hidden dangers.
What does SK Group rely on? Support from the Far East and technical support.
Daewoo, on the other hand, relies on leverage and high-leverage development, which means constantly borrowing money and spending it.
This is true for all South Korean chaebols, but Daewoo is the only one with such high leverage.
Jin Yuzhong is well aware of the drawbacks of this model, but many industries have to enter it, otherwise there will be no chance if they give up.
Moreover, the global economy is booming now and there is no sign of an economic crisis, so he is taking a gamble.
He is betting that the economic crisis will not break out in the next few years, by which time Daewoo's debt ratio will drop or the value of its invested industries will double.
But it is gambling after all, and it is hard to predict whether you will win or lose once you sit at the poker table.
Jin Yuzhong’s idea was to pull the dealer over, and a dealer who knew some tricks.
The Luo family is the dealer who can ensure that Dayu is foolproof.
In addition, another reason is the Luo family's conspiracy.
That is, after taking over SK, LG and Hyundai, the Roche economic system can be said to have become the one-man show in South Korea.
In this case, does it matter whether other chaebols bow down or not? Who dares not to obey their orders?
But what Jin Yuzhong didn't expect was that people looked down on Daewoo at all.
"The wealth that Lee Byung-chul left to the Lee family is still too huge. It is incomparable to us emerging chaebols. This is the foundation.
Since they have the time to choose, why wouldn’t they want a piece of Korean beef? It won’t take much more time anyway.”
The amount of votes that Samsung has influenced and the amount of relationships that it has built up over the years are all things that Daewoo cannot compare to.
Strategically speaking, Samsung is much more valuable than Daewoo.
"Is there really nothing we can do? Are we just going to wait for these chaebols to slowly eat away at our family's business?"
It goes without saying that the four major chaebols in South Korea under the Luo economic system will receive a lot of support in the future.
South Korea is so small that if one side becomes strong, the other side will naturally decline.
The room fell into silence and Jin Yuzhong closed his eyes.
Time passed very slowly. After a long time, Jin Yuzhong opened his eyes. His eyes revealed determination, as if he had made some decision.
"You should go to the beautiful country in person, take out the things we have stored in the bank safe and hand them over to the other party."
Young Master Jin looked shocked, and it took him a long time to recover.
"Father, if this is the case, we will be at war with them until death. Will the Luo family protect us? Can they protect us?"
"Now is not the time to think about these issues. Instead of letting the other side keep us in suspense, we might as well go all out and make a complete rebellion."
After saying this, Jin Yuzhong seemed to have used up all his strength, and even raising his hand seemed so difficult.
"Go ahead, and I hope my decision can save our family.
Instead of waiting to die slowly, it is better to give it a try.
I don’t want you to end up like me.”
Daewoo in Seoul made a decision concerning the life and death of the family, while on the other side of the same city, Luo Nianzhong had no idea that someone was about to send him a gift, and at this moment he was experiencing the happiness of the South Korean chaebol.
It was a private club, and there were many people standing at the entrance of the hall.
If anyone saw the current scene, they would definitely cover their mouths in surprise.
Leading the way are the heads of SK, LG, Hyundai and Samsung, and behind them are powerful figures in various departments in South Korea.
These figures no longer have their former glory. They all stand here solemnly and nervously, with tense yet respectful expressions.
A Rolls-Royce stopped at the door, and Lee Kun-hee went over to open the door himself until the man inside stepped out of the car.
"Mr. Luo".
Luo Nianzhong smiled in response and even supported the other person's half-bent body with his hand.
"Chairman Li, there's no need to do that. I'm not a person who cares about these things."
After looking at the other three chaebols that caught up and the power of the Lee family that was standing, Luo Nianxin's opinion of Lee Kun-hee actually increased.
He surrendered in the morning and handed over all the evidence of the entire Li family in the evening, submitting his allegiance. He was really decisive.
"President Li, this is not necessary."
"It's my pleasure." Lee Kun-hee made a gesture of invitation and personally led the way for Luo Nianzhong.
Only after these people left did the staff in the hall dare to breathe a deep breath, but the fear on their faces had not yet subsided.
Even the manager of this club is like this, mumbling to himself like a madman.
“What am I seeing? This is not real.
The chairman of one of the four chaebols came to greet a young man, and the chairman even opened the car door for the young man himself, and his attitude was so flattering."
No one cared about what he was thinking at this moment. Luo Nianzhong and Lee Kun-hee had already arrived at a large box.
There is a stage, a card table, a massage bed, and bathing facilities. Outside the floor-to-ceiling window on one side is the swimming pool, and bodyguards can be seen standing with their backs to each other on the lawn in the distance.
In a corner of the box, Luo Nianzhong also saw many artists. They were wearing cool idol clothes like those worn thirty years later. Not to mention leggings, they might not even have underwear.
To be honest, Luo Nianzhong barely knew any of the characters, but he knew Kim Hee Sun because he had watched Myth.
Kim Hee Sun is already in it, so there is no need to mention the level of the others.
In the box, there were only Luo Nianzhong and the heads of the four chaebols. Those vassals of the Li family who were usually very powerful were not qualified to come in.
The process is also very simple. The female singers on the stage sing and dance to liven up the atmosphere, and the actors accompany guests to drink, chat and act as massage girls.
The vision of South Korean chaebols? At present, it is only average, which may be related to the underdeveloped technology.
Lee Kun-hee was good at observing people's expressions. When Luo Nianzhong came to the entertainment area after enjoying the massage service, he walked towards Kim Hee-sun.
Luo Nianzhong knew very well that this woman could not go back unless she left on her own, because he had just looked at her twice more.
To be honest, Luo Nianzhong was just curious, but he did not refuse the other party's arrangement.
In this kind of situation, it is impossible for Lee Kun-hee not to find such a woman, and he must have checked them all.
People have done this much, how can you refuse?
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