Reborn since 1993

Chapter 823 Robbery

The reason why the internal struggle within Hyundai Group is said to be between three factions is that the person who is truly at the helm of Hyundai Group is still Chung Ju-yung, who had long announced his retirement and is currently recuperating from illness.

It is just like the ancient emperor abdicated and became the emperor emeritus. However, as a power-hungry creature, only power can bring him a sense of security. How can he really give up all his power?

The same is true for Chung Ju-yung. Whether he did it intentionally or unintentionally, the most powerful faction within the Hyundai Group and many of the veterans of the Hyundai Group still obeyed Chung Ju-yung's orders.

As for Chung Mong-koo and Chung Mong-hyun, Chung Ju-yung was more like an observation. His health has not been as good as before in recent years, and his physical condition no longer allows him to work at a high intensity. However, Chung Ju-yung was unwilling to completely give up power.

Chung Ju-yung gave up his position but delayed selecting a new leader. In fact, he wanted to take advantage of the internal fight between the two to continue to control the Hyundai Group.

Because in the end, when Chung Mong-koo and Chung Mong-hyun fight, Chung Ju-yung is still needed to act as the referee. This allows him to still firmly control the power of the Hyundai Group even if he announces his retirement, and he is still the emperor who has the final say!
After hearing the argument between Zheng Mengjiu and the other person, Zheng Zhouyong still sat there as usual, allowing the two to attack each other. This was also Zheng Zhouyong's "impartial" attitude that he had always maintained, but it made the fight between Zheng Mengjiu and the other person more and more intense.

In the previous life, the internal strife within the family of the modern founder was temporarily ended when Zheng Mengxian jumped off the building after failing in the internal strife.

But it is only temporary. According to Korean tradition, this kind of family infighting will not stop unless all the opponents are killed.

The factional struggle between Zheng Mengjiu and Zheng Mengxian lasted until the third generation of the Zheng family. By that time, the entire modern world was involved. Both sides had people supporting them, and the fight became more intense.

"LCD panels are the future of the electronics industry. That third-generation TFT LCD panel production line was built by Hyundai Electronics at a huge expense. If it is sold like this, it would be too much of a joke!" Zheng Mengxian was still unwilling to give in.

Zheng Mengjiu was also aggressive, "What time is it now? Daewoo and other companies are about to go bankrupt, and Hyundai is also facing debt pressure. Giving up the LCD panel business that has been losing money is the best choice now!"

"and!"

Seeing that Zheng Mengxian was ready to argue, Zheng Mengjiu directly revealed a shocking inside story, "The Korean leader intends to let Hyundai Motor take over Kia Motors!"

If it had been a year ago, this acquisition would have been what Hyundai Motor would have loved. Once the merger is completed, Hyundai will become the largest automobile manufacturer in South Korea and one of the global automotive giants.

But now, Kia has already filed for bankruptcy protection. If Hyundai acquires the other party, it is obvious that Hyundai Motor wants to take over Kia and avoid large-scale unemployment among Kia Motors employees.

Now, facing the bankruptcy crisis of South Korea, the Korean leader is trying every possible means to solve the problem. The dissatisfaction with his poor handling of the crisis and the calls for him to step down are getting louder and louder in South Korea.

The Korean leader tried every means to prevent more Koreans from losing their jobs. On the one hand, he kept asking America for help, and on the other hand, he let the Korean chaebols acquire each other. This was also the only solution. If he didn't do these things, he would be immediately driven out of office.

Zheng Mengxian looked towards Zheng Zhouyong and saw that he looked normal. It was obvious that he knew the news, which made his heart sink.

Although the current Korean leader is not as domineering as the previous Korean leaders, he often invites these members of the Korean chaebol families to dinner at the Xibingku Hotel.

The chaebols that the Koreans fear so much have become almost ATMs in the hands of the previous Korean president. When they are out of money, they just drag a few chaebols to the Seobinggo Hotel, or hold a Han River diving competition, and a wave of gold coins will pop up when they hit the chaebols. This has always worked.

Although the current Korean leader is not that domineering, if he is really forced into a corner, he will probably drag the modern Zheng family to the Xibingku Hotel to reminisce about the past.

Even if it's not that cruel, it is possible to send the Zheng family to a Korean prison to reflect on themselves. As the classic saying goes, a chaebol who has never been to a Korean prison is not a qualified chaebol...

The relationship between the Korean leader and the chaebol is very special. Before the leader comes to power, he needs the support of the chaebol, but after coming to power, he has to suppress the chaebol.

Moreover, some powerful leaders are quite ruthless when they deal with the chaebols, but when the leader's term of office ends, the chaebols will retaliate wildly and send the resigned Korean leader to prison for further training.

But unfortunately, South Korea is a country that developed under the leadership of the chaebols. The entire country is deeply bound to the chaebols, and it is impossible to completely eradicate the chaebols. This endless situation will continue forever.

After hearing the news leaked by Zheng Mengjiu, Zheng Zhouyong finally spoke. As soon as he opened his mouth, the entire Zheng family suddenly became quiet, which shows how much control he has over the Zheng family.

"Hyundai Group still has to listen to the opinion of the great leader!"

Chung Ju-yung's statement was the final word, agreeing to the acquisition of Kia Motors, which meant that all of Hyundai Group's funds would be tilted towards Hyundai Motors.

It is impossible for Chung Ju-yung to take the risk of the entire Chung family and the Korean leader will not clean up the Hyundai Group.

Although the risk is a bit high, once Hyundai Motor completes the acquisition of Kia Motors, the strength of the entire Hyundai Motor will increase significantly. As long as the Korean crisis is survived and the economy begins to recover, Hyundai Group may go further and become the top chaebol in Korea!
"For the LCD panel business, you can contact Oriental Optoelectronics first and see their quote and conditions!"

Chung Ju-yung's words basically defined the matter. As he was the one with the final say in the Hyundai Group, no one could object to his decision.

No matter how dissatisfied Zheng Mengxian was, he dared not go against his father's will unless he wanted to be kicked out of Hyundai Group!

If a member of a chaebol family loses the protection of his family, his quality of life and social status will be drastically different from before, and his life may even be worse than that of a Korean cow or horse. This is why so many members of chaebol families jump off buildings after internal fighting.

"Yes!"

Zheng Mengxian stood up unwillingly and said to Zheng Zhouyong.

……

In Seoul, South Korea, Miao Xuguang and some executives of Oriental Optoelectronics were standing in front of the floor-to-ceiling windows of the hotel. Miao Xuguang was looking at the Korean city construction in front of him.

The urban construction in South Korea at that time was quite good, with tall buildings, communities, and apartment buildings all brand new. Because of the Seoul Olympics a few years ago, South Korea even added a number of new Asian landmark buildings. Of course, this is compared with the current urban construction in South Korea and that in mainland China.

As for the urban construction in Korea 20 or 30 years later, it cannot be compared with that in China at all, because they are completely not products of the same era.

South Korea's current infrastructure is very strong, not only in South Korea, but even South Korean groups such as Hyundai and Samsung have gone overseas to contract projects, which shows the current level of South Korea's infrastructure.

However, any country will become quiet after large-scale infrastructure construction. If you look back after a few decades, you will find that the urban construction in these areas has become very old.

However, compared with the urban construction in Korea, Korea is now in a mess. After coming to Korea, Miao Xuguang truly saw what the scene of Korea was like behind the news.

The whole of South Korea is in chaos, with people taking to the streets, robberies and violence happening all the time, and ambulances and police patrol cars constantly on the streets. The number of homeless people in parks has skyrocketed due to bankruptcy, and the media are too lazy to report on those who jump off buildings or into rivers after bankruptcy.

The Korean media is now reporting almost every day about the rescue plans that the Korean leaders and the Korean city government may implement. Economists keep jumping out to offer advice, which are then discussed in a serious manner.

But no matter what rescue measures are taken, they are inseparable from the US dollar. Only by using the US dollar or gold to stabilize the Korean won can subsequent measures be used. Otherwise, how can the economy of a country that has lost its paper currency be good?

There are also rumors that the Korean leader may accept America's extremely harsh conditions and sell the entire country to Americans in exchange for American dollars to save the Korean economy!
After hearing this news, one can imagine how the current leader feels when he sees a Korean man who wishes the whole universe were all Koreans but now has to kneel down and beg for mercy.

The entire Korean nation is cursing the leader, some even using words like "traitor". Even if they can get US dollar aid from America, it is probably not too late for the current Korean leader to step down.

There are all kinds of rumors going around. When you turn on Korean TV, you will basically see this kind of news everywhere.

Miao Xuguang felt as if he had witnessed with his own eyes the collapse of a country and the disintegration of the confidence of an ethnic group. This scene, comparable to a war, is difficult to understand for those who have not experienced it personally.

"Boss Miao, Hyundai Group has sent us a message saying they are willing to start negotiations with us!"

Just when Miao Xuguang was lost in thought, a supervisor came in hurriedly and reported to Miao Xuguang. Upon hearing the news, Miao Xuguang couldn't help but wave his fist.

……

"Mr. Li, the current income of Zhixing Foundation's hedge fund in Southeast Asia is US$1.6 billion!

Among them, the profit from shorting Siam was about 600 million US dollars, and the profit from Indonesia exceeded 1 billion US dollars. The profits from other places such as South Korea, Malaysia, and Singapore are still being counted! "

The call was from Lv Wenhua in Gangcheng to Li Dongling. The huge profits from short selling were vividly displayed at this moment, which also proved that robbery makes money much faster than hard-earned money.

No wonder Wall Street has led all the giant American companies into trouble. This thing makes money too quickly!

(End of this chapter)