After the Mitsui Foundation and the Royal Family Fund determined the cooperation framework, the relevant companies under their control quickly took action.
HSBC, GREEN Group, Yangtze River Technology Group and the electronic semiconductor industry troika Atlantic Jinko, Hynix and TSMC have formed working groups to go to Japan to negotiate with relevant companies.
In just over 20 days, many cooperation results were achieved.
July 27, 2004
The two parties jointly held a press conference and announced a series of cooperation intentions.
Sony, Toshiba, Panasonic, and NEC have reached cooperation agreements with Yangtze River Technology Group and Glid Group under Royal Family Fund respectively. They plan to jointly invest in the construction of a global home appliance production base in China, share logistics, terminals and warehousing resources, and in technological research and development and patents
There will be further in-depth cooperation in licensing.
This move means that the alliance between Chinese and Japanese home appliance companies has taken shape.
at the same time
HSBC and Sumitomo Mitsui Banking Corporation have entered into a global partnership, committed to cooperation in investment banking, inter-bank business, insurance and securities businesses, strengthening mutual exchanges, and jointly responding to severe challenges in the world's financial industry.
Mitsui Fudosan Co., Ltd. has cooperated with Hong Kong and Shanghai Hotels Group Co., Ltd. to obtain the franchise rights of each other and will build 100 five-star Sears International Hotels, 15 super five-star Waldorf Astoria hotels, and 300 hotels in Japan, South Korea and Southeast Asia.
Four-star Miramar Hotel (excluding China and Hong Kong).
Good news comes out
The stock prices of Hong Kong and Shanghai Hotels Group and Sears Hotel Group have risen successively, further boosting the confidence of market participants. The signing of this large contract is expected to bring considerable licensing income to the company and increase the value of its equity.
This is also a win-win agreement for Mitsui Fudosan Co., Ltd., which owns a large number of fixed assets in Fuso and overseas.
With the help of its world-famous hotel brand, Mitsui Fudosan has been able to revitalize a large number of fixed assets, increase property value, and get a share of Asia's booming economy.
not long ago
Wang Yaocheng, the leader of the consortium, once again flew to Japan from Hong Kong and personally participated in the signing ceremony to show the importance he attached to the cooperation between the two parties.
Taking into account the Mitsui Foundation's consistent principle of keeping a low profile, Wang Yaocheng did not attend the subsequent press conference and stayed in the presidential suite of the five-star Hills Hotel in Tokyo to prepare for the second phase of high-level talks.
These news cannot be concealed from those who are interested, and have caused widespread turmoil in the financial circles of Japan and South Korea. At the same time, they have attracted great attention from relevant consortiums in the United States.
Korean Peninsula
Seoul, Samsung Group Headquarters
A Samsung Group president-level crisis countermeasures meeting is being held here. The meeting is personally chaired by Lee Kun-hee, the helmsman of the consortium, and Lee Jin-cheol, director of Samsung Economic Research Institute, is making a special report;
“President, the Sanyo Foundation and the Royal Family Fund have joined forces to form an alliance, which will definitely strengthen the market monopoly and cause substantial harm to Samsung Group. After our intelligence assessment, the main impacts are as follows:
First, the financial securities industry.
The cooperation between HSBC, the world's number one bank, and Sumitomo Mitsui Banking Corporation, a veteran Fortune 500 company, has undoubtedly blocked the way for Samsung's financial business to expand outward.
affected by this
It is basically impossible for the group's Samsung Securities, Samsung Credit Card, Samsung Life Insurance, Samsung Marine Fire Insurance and other companies to break through the double blockade of Chinese and Japanese financial giants and succeed in the East and Southeast Asian markets.
Forced to be limited to the small local market on the Korean Peninsula, development is inherently limited.
Second, petrochemical and heavy industry
Royal Family Fund has invested in Shin-Etsu Chemical and Sumitomo Chemical. It is expected that the consortium companies will lose the huge market in China. Competition around the world will be in a very unfavorable situation. I would like to remind the President to attach great importance to this.
We know;
Japanese chemical companies have always had high production levels and excellent quality, and their prices are generally lower than those of chemical powerhouses such as Germany and Germany. They have a strong competitive advantage in the field of mid-to-high-end chemical products.
The depth and breadth of chemical products and even the technical level of Samsung Total, Samsung BP Chemical, Samsung Petrochemical, Samsung Heavy Industries and Samsung Precision Chemical are generally inferior to Japanese chemical companies. The only advantage they have is the price advantage.
.
The cooperation between Chinese and Japanese consortiums is undoubtedly bad news for the heavy chemical companies under the Samsung Group and must attract great attention.
In the world's chemical production field, no country can compete with China in the field of mid- and low-end chemical products.
Surrounded in front and pursued by soldiers behind, if they want to survive in the market competition, Samsung's chemical companies can only carve out a bloody path by constantly climbing to the high end of the industrial chain.
For this we recommend;
Increase efforts to introduce advanced and latest production technologies and patents from the United States, and at the same time, while tapping productivity and reducing costs, invest more funds in research and development to compete with the increasing market competition.
Third, the field of home appliances and semiconductor production.
In 2003, Samsung Electronics' revenue accounted for half of the group, reaching 50 billion U.S. dollars for the year, with operating profits of 6.24 billion U.S. dollars. This proves that Samsung Electronics's extensive establishment of joint ventures in China is a wise decision.
But now, Samsung Electronics is facing an extremely dangerous situation.
The cooperation between Chinese and Japanese manufacturers may stifle the prosperous development of Samsung Electronics. This is already an imminent crisis and should be ranked as the most important issue in the world..."
Li Jinzhe's voice echoed over the venue, and all the senior officials present at the meeting looked solemn. They knew that what they encountered this time was a joint strangulation by the Chinese and Japanese consortium, and that Samsung Group was facing an extremely difficult situation.
Sitting at the top, Li Jianxi has all white hair and a slightly stooped figure. Only one pair of eyes shines brightly, revealing a captivating light.
He glanced majestically at the venue, looking at the heavy expressions of the senior cadres, and felt a huge amount of pressure on his shoulders.
The innate geographical location of the Korean Peninsula determines that it is surrounded by powerful neighbors. China, Japan, and Russia are all world's top powers. Even after the split, they still comprehensively crush South Korea politically and militarily, and economically.
Not inferior either.
The Chinese dragon has achieved economic take-off since joining the WTO, and its rising momentum is rapid and unstoppable, and its economic development is changing with each passing day.
Although the domestic economy of Fuso, the world's second largest economic power, has fallen into a quagmire of long-term low growth, its overseas investments have been vigorous and steady, step by step.
Compared with these three powerful neighbors, South Korea can only stand aside politically and militarily, and the only thing it can do is fight for the economy.
This heavy burden falls on the four major consortiums: Samsung, Hyundai, LG and SK. Daewoo Group, which originally ranked second, collapsed during the 1997 financial crisis and is now falling apart.
As the largest conglomerate on the Korean Peninsula, Samsung undoubtedly has the heaviest burden on its shoulders.
With the strong support from the government, Samsung Group has struggled hard until today, thinking hard all the time. Li Jianxi really feels a little tired and can't fight anymore.
In particular, the rise of the Wang Family Group in Hong Kong is simply a demonic obstacle for the Samsung Group and an increasingly powerful opponent on the road ahead.
If it cannot defeat its enemies, Samsung Group will always remain a local conglomerate entrenched in the Korean Peninsula, and it will be almost impossible to break out of Asia and truly go global.
Take a look at the current troika under the Wang Consortium, which is crazy about making money in the electronics and semiconductor industry, and has earned as much wealth as gold and silver. Li Jianxi is lying when he says he is not jealous, he is lying when he says he is not in pain, and he is not tossing and turning.
Having trouble sleeping is also a lie.
Think back to the beginning
Samsung Group attaches great importance to LCD panels and electronic semiconductors. It has invested more than ten years and countless funds and energy in this regard, and finally forced out the powerful Japanese semiconductor manufacturers and gained the initiative in the competition.
Who would have thought that a royal fund would come out to pick peaches along the way, and completely crush Samsung Electronics with its strong capital strength.
From then on, it went astray.
U.S. capital made a unilateral and wrong decision to sell off Samsung Electronics' LCD panel business and electronic semiconductor business. This was equivalent to cutting off Samsung Electronics' legs and cutting off its bright road to future development.
Li Jianxi is really unwilling!
Money from American capital is not easy to come by. God knows how much grievance and tolerance I have made behind the scenes, how much humiliation and injustice I have endured in order for Samsung Electronics to restart its semiconductor business.
Samsung Electronics' first phase of eight-inch wafer production base project will be completed in Busan at the end of 2004. By then, it will be able to make a fortune in the booming DRAM memory chip market.
The electronics and semiconductor industry has entered an oligopoly structure. At this time, you can take advantage of the east wind to get a vote, which will make the royal family fund particularly uncomfortable.
Li Jianxi is 90% sure that the other party will not restart the price war.
Because, according to the first half of 2004 data;
The two leading companies, Atlantic Jinko Group and Hynix, which rank first and second in this field, jointly occupy 79.4% of the world's DRMA memory chip market share. At the same time, they occupy 44.5% of the flash memory market, basically monopolizing the market.
Once the price war starts, the Royal Fund will first vomit three liters of blood. Only a fool would do this.
The Institute of Semiconductor Science has worked hard to recruit many talents from Hynix and has entered the track of normal development. Everything looks great.
The Wang Consortium and the Mitsui Consortium came out like this, which is like pouring a bucket of cold water on their heads.
It’s so vicious that it leaves no room for Samsung Group to survive!
In the field of mobile phones, which Samsung Electronics focuses on developing, it has been constantly being pursued and intercepted by the mobile phone brands of the Wang Consortium, and it has brazenly launched the "Sea of Machines Strategy" to attack Samsung mobile phones from all aspects.
Now that the scope has expanded to the field of home appliances, Li Jianxi feels that his head hurts and he can no longer cope with it.
Once Japanese brands gain access to China's cheap labor and mass production capabilities, they will be able to compete head-to-head with Samsung in the mid-range market. Just thinking about it is scary.
Samsung Electronics accounts for half of the group's revenue, and it is a position that must not be given up.
Faced with this severe situation, in addition to the Korean peninsula government and Samsung Electronics issuing solemn statements protesting each other's abuse of market means to hinder competition, there is only
The American financial backers behind the scenes took action to suppress it.