Reborn since 1993

Chapter 827 Today is different from the past

Whether Tanglin Hi-Tech enters Korea, Siam, or other regions in Southeast Asia, it needs to win the support of some powerful figures and local tyrants.

Or to put it more bluntly, if you want to take it, you must give it first. You need to cultivate some local agents or compradors. Only when you have a group of people with vested interests in Dongling Hi-Tech in the local area can you do a better job in the local area.

In this world, only alliances based on interests are the most unbreakable. As for other things, such as beliefs, races, etc., their bottom lines can be broken!
People like Kim Jong-lok, who have deep enough connections in Korea and the resources of Woori Bank, are the most suitable to be a traitor, no, to be a consultant of Tanglin Hi-Tech in Korea.

Through Kim Jong-lok, Tanglin Hi-Tech's Korean subsidiary can win over Korean lawmakers and powerful figures, start cooperation with Korean chaebols, and use the resources of Woori Bank in the future.

What? Asking Jin Zhongluo whether he would use public property for personal gain?!

Woori Bank is not owned by Kim Jong-rok. He is just a senior professional manager. However, the consulting fee paid by Dongling Hi-Tech is real. In addition, he will receive a commission for every transaction made. So he asked him if he was willing to do it?
A son doesn't feel bad about selling his grandfather's land. As long as he tastes the sweetness, there is no traitor who dares not sell it. After all, those things are not his. But the US dollars he gets from the sales will go into his pocket.

In addition, Jin Zhongluo is one of the people who hold the power of discourse in Korea, just like the powerful families who controlled the history books in ancient times. Since ancient times, once they have held the power of discourse, they can turn black into white.

When these Koreans become an alliance of interests with Dongling Hi-Tech, they will naturally argue for Dongling Hi-Tech!
Hearing Hu Zixian's words, Jin Zhongluo's eyes moved. Now, banks like Woori are short of everything except various office buildings, apartments, company shares, land and the like. These are all mortgaged to Woori Bank by those who are bankrupt and cannot repay their debts.

In order to monetize these assets, Woori Bank is having a headache. After all, with the current market conditions, they cannot be sold at all and cannot be cashed out. Why would a bank want these things?

As for the LCD panel transaction between Oriental Optoelectronics and Hyundai, Jin Zhongluo's first thought was not whether the transaction would lead to technology leakage and affect the development of South Korea's panel industry.

Rather, is this transaction used for US dollar transactions, and can Woori Bank participate in this transaction?
People who deal in banking, finance, investment banking, etc., are the group of people with the lowest sense of national boundaries and morality. All they care about is the US dollar and whether they can make money from the transaction. As for other things, to be honest, they don't care that much.

"Are all these transactions of Dongling Hi-Tech conducted in US dollars?" Jin Zhongluo asked Hu Zixian.

"Of course!"

Hearing Hu Zixian's words, Jin Zhongluo took a deep look at Hu Zixian. Dongling Hi-Tech's big moves seemed to have been anticipated and they had hoarded large amounts of US dollars to reap the profits.

However, this thought only flashed through his mind. Jin Zhongluo also knew that Dongling Hi-Tech had previously borrowed US dollars from everywhere to acquire Hongcheng Telecom. The parent company of Hongcheng Telecom had previously stated that it would only accept acquisitions in US dollars.

Jin Zhongluo would rather believe this rumor than believe that Dongling Hi-Tech was well prepared. That would be too scary.

This time Soros shorted Southeast Asia. At this point, it would be too outrageous if Korea and other places still don’t know who is reaping the benefits this time.

But knowing this makes the Koreans even more aggrieved. It's just like a father beating his son. The Koreans are obviously very aggrieved, but they can't resist at all, because they are a country built on the American military base.

It has no choice but to endure the exploitation of its colonial power and dares not even complain. There is indeed a voice in Korean society that is very dissatisfied with America, but the Korean national media and the big leaders do not dare to express any dissatisfaction with America.

Therefore, if Dongling Hi-Tech knew about America's plan to reap Southeast Asia and hoarded these US dollars, it would make Jin Zhongluo feel creepy.

"If Dongling Hi-Tech can use US dollars to trade through Woori Bank, then Woori Bank is willing to provide the necessary support for Dongling Hi-Tech's transactions!"

Jin Zhongluo said that crisis is also an opportunity. All the major banks in South Korea are not doing well now, but I would rather die than let my friends die.

If Woori Bank suddenly announced that it had reached a deal worth hundreds of millions of dollars for Hyundai Group, regardless of whether Hyundai Group's assets were sold, would other Korean chaebols switch to Woori Bank?
By then, Woori Bank will have a large number of high-quality customers. After all, this crisis in South Korea will eventually come to an end and the chaos will not continue forever.

Hu Zixian smiled and nodded, "Dongling Hi-Tech thanks President Jin for his support. If the deal is finally concluded, Dongling Hi-Tech's subsidiary will pay President Jin's family foundation no less than three million US dollars in consulting and commission fees!"

This money is not given to Jin Zhongluo for free. If the acquisition process encounters obstruction from the Korean Trade Commission, parliament, and members of parliament, he will need to step in to resolve it. How can there be US dollars wasted in vain in this world!

After careful consideration, Jin Zhongluo nodded to Hu Zixian and agreed. If it was before last year, he felt that this acquisition might not be so easy, and might even be directly opposed by the chief and the Korean parliament.

Even the Koreans last year were arrogant and boasted that they would soon become a developed country. In East Asia, except for Japan, there was nothing that the Koreans would take seriously. If a company from the mainland wanted to acquire an industry under a Korean giant company, the entire country would not agree.

But things are different now. The arrogant Koreans, like Japan before, understood what being a suzerain state meant after being defeated by America.

Those Korean chaebols are going bankrupt one after another, and those that haven't gone bankrupt are constantly laying off employees and selling themselves. At this time, Oriental Optoelectronics' acquisition of Hyundai's LCD panel business doesn't seem so special.

To put it bluntly, if you have suffered a big loss, is it a big deal if you suffer a small loss again?

Besides, this deal would allow South Korea to gain hundreds of millions of dollars in foreign exchange. Jin Zhongluo felt that he could make this happen.

"The second thing is that the Zhixing Foundation, established by Mr. Li Dongling, the founder of Dongling Hi-Tech, is preparing to enter Korea to carry out charitable work!
It is hoped that President Jin can serve as the honorary president of the Korean branch of the Zhixing Foundation, and that some Korean congressmen can also join the board of directors of the Korean branch of the Zhixing Foundation.

The Zhixing Foundation is preparing to invest one million US dollars in Korea to provide relief food, tents, shelter, and scholarships to the homeless people in Korea who have gone bankrupt due to this crisis!

In addition, the directors of the Zhixing Foundation Korean branch can receive a monthly allowance of more than $30,000 to express gratitude for the hard work of these directors! "

Charitable foundations are the easiest places to tamper with, and are also the least likely to be detected.

Invite those Korean congressmen to serve as directors of the Zhixing Foundation. As long as the congressmen still have ideas about the Korean political career, they will not refuse!
After all, doing charity is the most important means to win people's hearts no matter where you are. In a place like South Korea where votes are needed, whoever holds the charity funds is equivalent to holding the votes!

Which Korean congressman would refuse the opportunity to get votes and make extra money? And as long as they join the Zhixing Foundation, they have to endorse Tanglin Hi-Tech.

Kim Jong-lok naturally knew what the Zhixing Foundation wanted to do, but he would not object to anything. It would naturally be of great benefit to Kim Jong-lok if he could attract more Korean congressmen as allies.

Hearing this, Jin Zhongluo smiled and said, "Of course, Woori Bank should support the good deeds of Zhixing Foundation!"

“President Jin, it’s a pleasure to work with you. Looking forward to the future, there will be more opportunities for cooperation between Dongling Hi-Tech and Woori Bank!”

……

"The Korean branch of the Zhixing Foundation has set up charity relief points in many places, including Seoul, distributing food, tents, medicines, etc.!

Currently, more than hundreds of people have been helped by the Zhixing Foundation. Many Korean legislators have expressed their gratitude to the Zhixing Foundation, believing that it is saving Koreans! "

On Korean TV, in a park in Seoul, Kim Jong-rak and several Korean congressmen who "care about the country and the people" stood at a relief point and distributed supplies to the crowd. They were surrounded by a large number of Korean media and reporters who were frantically taking pictures.

Zheng Mengxian, general manager of Hyundai Electronics, who was having breakfast in his villa, felt disgusted while watching the show on TV.

Who is this Zhixing Foundation that suddenly appeared? Just ask around and you will know. Apart from Dongling Hi-Tech, a company that has entered the Korean market, who else could it be?
Dongling Hi-Tech, a Korean company, has been particularly active since entering Korea. It took over a large amount of mortgage assets from Woori Bank and joined hands with Zhixing Foundation to carry out charity work in Korea and distribute various items to Koreans.

However, chaebols such as Hyundai and Samsung are constantly laying off employees. In contrast, the Korean chaebols are simply unscrupulous, inhumane and cold-blooded. At this time of national crisis for Korea, they are simply traitors!

Dongling Hi-Tech is like a great philanthropist. With the media's hype, it seems like a god sent down from heaven to save the Koreans, and the Koreans are grateful to it.

Chaebols are not well-received in South Korea, but being compared so badly still makes Zheng Mengxian feel very uncomfortable.

But can a Korean chaebol be the same as Dongling Hi-Tech? A Korean chaebol has hundreds of thousands or even millions of employees, while Dongling Hi-Tech has only a few employees in Korea. Of course, it can act as a philanthropist, as it doesn't cost much anyway.

Zheng Mengxian turned off the TV in an upset mood. Even though he was reluctant, he still rushed to Hyundai Electronics Company after breakfast. Today was the day for the formal negotiations between Hyundai Electronics and Oriental Optoelectronics.

This was a negotiation that made Zheng Mengxian feel humiliated, yet helpless!
(End of this chapter)