Maintaining the status quo is like boiling a frog in warm water and slowly dying.
If you try hard enough, you may still have a chance to survive.
As the entrepreneur with the most outstanding strategic vision on the Korean Peninsula, Lee Kun-hee clearly saw the existential crisis facing Samsung Electronics. After weighing it, he was ready to give it a try.
Invest 13 billion US dollars to launch an international cutting-edge 12-inch wafer production line and control your destiny in your own hands.
The biggest obstacle still comes from within the Samsung Group.
Not everyone has a clear forward-looking vision like Li Jianxi.
There are many company directors with a lot of brains who are completely unaware of the crisis of Samsung Group. For the sake of their own interests, they are strongly opposed to continuing to invest huge sums of money in the field of semiconductor chips.
It advocates continuing to strengthen the traditional advantageous areas of chemical industry, petroleum, shipbuilding, automobiles, mechanical products and home appliances, without having to continue to invest money in the deep pit of electronics and semiconductors.
In terms of short-term benefits, continuing to strengthen advantages in traditional fields can achieve immediate results, help increase the group's market value, and bring the most direct benefits.
Those who hold this view include the major shareholder, the American consortium.
In terms of long-term interests;
As the two most important fields with the most promising development prospects in the electronic semiconductor industry, LCD panels and memory chips have broad potential market prospects and high technical thresholds. They have the possibility of developing into monopolistic industries, which will naturally bring high monopoly profits.
It is precisely because he clearly sees this that Li Jianxi fully supports Samsung Electronics’ key investments.
Dreams are always beautiful, but reality is often cruel.
Under the full pressure of its fateful rival, the Wang Consortium, Samsung Electronics' path to the future has become even more difficult.
The investment is large, the risk is high, the threshold is high, and the returns are very pitiful.
The most difficult thing Li Jianxi faces is to convince major shareholders to support him, because the Lee family does not hold a decisive controlling stake in Samsung Group, but maintains its current position through complex and highly leveraged cross-shareholdings.
As of May 2002, thanks to the gradual recovery of the world economy, the assets of the Lee Kun-hee family have grown to more than 5 billion US dollars, most of which are contributed by other companies in the Samsung Group.
The entire Samsung Group is currently worth approximately US$200 billion, an achievement achieved despite Samsung Electronics being severely undervalued.
The Li Jianxi family’s shareholding ratio in the entire Samsung Group does not exceed 2.5%, and each company has high and low levels. For Samsung Electronics alone, Li Jianxi holds 3.4% of the shares, and his wife Hong Naxi holds 0.74%.
The largest shareholder of Samsung Electronics is a US-funded consortium, with 55% of the shares and more than 80% of the profits. It can be said that it is an American company covered in Korean sticks.
The Li family and related parties acting in concert hold no more than 15% of the shares.
Domestic elderly care institutions hold 14% of the shares.
Private shareholders 3.5%.
British investors 5.5%.
The remainder is treasury shares, accounting for approximately 7%.
It is precisely for this reason that the American consortium has given Samsung Electronics great support. It can obtain advanced technology transfer authorization from Silicon Valley or a university laboratory in the United States at a low price, and enjoys great convenience in market access and development.
It's easier to soar when you stand on the shoulders of giants, because asxs is tall enough.
If it can't fly, it will fall even worse.
The problem is that in the field of LCD panel and chip manufacturing, Wang Group companies have mastered the world's top technologies and invested heavily in being the first to apply them in actual production.
This part of advanced technology is not mastered by the United States, so it is naturally impossible to transfer it to Samsung Electronics.
Moreover, the United States is currently fighting a war on terrorism. The world is searching for terrorists and has no time to take care of the humble Samsung Electronics.
In 2001, through hard work, the American consortium agreed to continue to invest US$7.5 billion in Samsung Electronics in the form of bridge loans, with annual interest rates as high as 7.8%, of which US$1.5 billion was dedicated to scientific research, and the 0.13-micron advanced process technology gradually matured.
Looking back on this year's performance, Samsung Electronics itself has greatly disappointed investors. Its "countercyclical growth" strategy is unsustainable and it is difficult to convince others to support it unconditionally. It continues to throw money into this bottomless pit.
The endurance of the original staunch supporters, including Senator Michael Bay and Winthrop Rockefeller, was gradually exhausted. Crewe Humphrey of the Crewe family of the Boston consortium turned into a firm opponent and strongly criticized
Li Jianxi’s US$13 billion investment plan.
The opposition from the shareholder camp has increased significantly. In fact, Samsung Electronics is facing the prospect of being broken up.
The American consortium has no patience and is quietly looking for buyers around the world.
Li Jianxi wants to convince these foreign and domestic investors to support his correct decision, but the prospect is extremely difficult.
Time flies, time waits for no one!
Thinking of this, Li Jianxi pressed the intercom on his desk and said, "Please inform Samsung Electronics President Song Changxu and senior cadres above the vice president level, as well as Mr. Li Jinzhe of the research institute, to come to my place for a meeting to discuss fundraising matters in the United States."
"Excuse me, President, will all the vice presidents and above of Samsung Electronics be notified, including the executive assistant Mr. Lee Jae-yong?"
"Uh...he doesn't need it."
"Understood."
Big companies are like a microcosm of society. All kinds of gossip go viral faster than the speed of light. When people are bored, they are extremely enthusiastic about some random speculations.
Chairman Lee Kun-hee convened a meeting of senior cadres at the vice president level and above of Samsung Electronics, but did not notify Samsung Crown Prince Lee Jae-yong to attend the meeting. This is undoubtedly big news.
in korean peninsula
The position of assistant to the executive director of Samsung Electronics is equivalent to the assistant to the executive vice president, which means alternate vice president, and is a proper senior executive of the company.
Samsung Electronics has more than 30 presidents, vice presidents, executive directors, executive directors, executive assistants, directors, and supervisors in total. Is there a need for a chair for the Samsung Prince?
what does that mean?
One stone stirs up thousands of waves, which is really evocative.
Samsung Building 12th Floor
in the office
When Jin Xuan heard the news, his heart suddenly sank and he shouted that something was wrong!
For him, Secretary Lee Jae-yong, a bright future in his life depends on his master, which quite a bit means that the master will humiliate the minister to death.
Jin Xuan stood up and left in a hurry. Others in the office watched him leave, exchanging looks that could only be understood but not expressed, full of gossip.
"Master, something serious has happened."
"What's wrong? I'm so panicked. Could it be that the sky is falling?"
In this secret room, Li Zairong walked out from behind dissatisfied, wearing a thin silk underwear, with his arms open and his belly exposed.
Behind him, two women in scantily clad clothes were happily getting dressed. They were both beautiful female employees of Samsung and the prey of Samsung's crown prince, Lee Jae-yong.
Jin Xuanyi stood there with some restraint and did not answer. Li Zaiyong seemed to understand something and waved his hand lazily and said, "You two little bitches, go ahead. Master, I have something serious to do."
"Master Rong, isn't your business focused on us?"
"Yes! It's been a long time."
A sinister smile appeared on the corner of Li Zairong's lips, and he touched the female staff member's vagina, causing a burst of deliberate coquettishness.
a moment later
There were only two people left in the room. Li Zairong picked up the wine glass and took a sip: "Tell me, what's the matter with running over here at this time?"
"Master Rong, the chairman convened a meeting of senior cadres. All the vice presidents and above were notified to attend, but you were not notified! I am very worried, am I..."
Li Zaiyong glanced at him sternly, and the rest of Jin Xuanyi's words were stuck in his mouth.
"What big thing can it be? Haha, can't the old man have another son? I have already killed that bitch Jingjing. Now I am in a safe position. No one can compete with me."
"But, it's such an important meeting to study how to raise funds in the United States..."
"You don't understand. This is a hard job. You have to kowtow to the Americans. I can't avoid it in time. How can I go up and cause trouble myself?"
"Oh, that's it! It turns out that the chairman is caring for the young master, and the parents' love to protect the calf is really touching! I was so anxious when I heard the news that I couldn't wrap my head around it."
Jin Xuanyi made an exaggerated expression of sudden realization and flattered him like a dog.
As a top student at Fuso Keio University, I can't figure this out at all. All the years of reading are in vain. Kim Hyun-il is far smarter than he appears.
But if he didn't inform the crown prince after hearing the news, it would be Kim Hyun-il's dereliction of duty.
Appropriate display of one's own stupidity can better bring out the prince's wise and martial superiority. Kim Hyun-il understands this very well.
really
Li Zaiyong smiled complacently. This feeling of overpowering his IQ was very good. He asked casually: "How are things going in Hong Kong? Did that idiot woman obey her words? Can you implement the next plan?"
"Master Rong, the news from He Bili is that everything is going well, but...the activity fee is not enough, and another 500,000 US dollars are needed."
"What?"
Li Zairong's face sank and he said unhappily, "We have already spent 600,000 US dollars on this. Isn't this much money enough?"
"Master Rong, He Bili's place does cost a lot of money. Hong Kong is Asia's gold-selling den, and the extravagant consumption of nightlife costs a lot. He Bili has always complained that that woman wants the best in everything. She is the cousin of the God of Wealth.
, I don’t look down on ordinary things at all, and spending 20,000 to 30,000 US dollars in one night is nothing.”
After hearing this, Li Zaiyong straightened up his teeth, and he had to look at who he wanted to pick up girls with.
There is no doubt that the cousin of the God of Wealth King must be the most expensive. She is really rich, the richest man in the world!
"Okay, then give him another $500,000. I'm not a banker. Tell this bastard He Bili to save some money."
"I understand, Master."
Jin Xuanyi answered respectfully, and his heart was already filled with joy.
For these shady operations in private, Jin Xuanyi cut off most of the expenses without hesitation. Anyway, it was a single line of contact. Would anyone know how to check the accounts?
The young master didn't know He Bili. It was Jin Xuanyi who made the connection. The God of Wealth is also the God of Wealth. Of course, the benefits must be maximized.
Jin Xuanyi has this self-awareness;
If he is kicked out as a scapegoat that day, at least he will still have money with him.