Korean TV series: King of Peninsula 1997

Chapter 633 Past Strategies

As of mid-October, the financial markets on the Korean Peninsula have experienced a sharp drop in stock prices and a temporary recovery.

At the same time, the exchange rate is also changing dramatically. From January to now, the Korean won has depreciated by nearly 40 percent against the US dollar.

Many heavily indebted companies began to kneel down behind large companies and the government and beg for help without any backbone.

For example, Lin Changyu, chairman of the Elephant Group, who came to Li You for help.

As one of the top ten richest people in the Korean Peninsula, Lin Changyu behaved very humbly in front of Li You, a young man who was more than 30 years younger than him.

The Daesang Group is currently the number one food company on the Korean Peninsula. It is mainly engaged in the biological fermentation industry and has carved out a path for itself in the business world of the Korean Peninsula with its fermentation technology.

However, when the financial crisis blew over from the other side of the ocean, the Elephant Group could no longer withstand it.

Some time ago, Lin Changyu's daughter Lin Shiying resolutely took a large sum of money from Zhu Mengyuan in order to save the family business. However, that money is not enough for the current Elephant Group.
It doesn't help.

The conversation between Li You and Lin Changyu had been going on for some time, and Li You did not treat the old man harshly and asked him to sit down and talk.

"So Chairman Lin wants the Golden Gate Group to invest, but he also wants to retain control over the Elephant Group," Li You said bluntly, "It's a good idea, but why should I do good things?"

"Chairman Li," Lin Changyu's expression froze. Li You, who had just been smiling, changed his expression too quickly. "In the future, the Elephant Group will follow your lead..."

"These are all lies," Li You said sharply, without mercy, "We still remember clearly what Chairman Lin's daughter Lin Shiying did."

"."

For a moment, Lin Changyu was silent.

Although Lin Shiying used Zhu Mengyuan's money to temporarily save the Elephant Group in the first half of this year by dividing up part of the property, it also caused many people to lose a lot of "trust" in the Elephant Group.

Especially since Lin Changyu currently has no sons but only two daughters.

"And as far as I know, the current major shareholder of Elephant Group is no longer Chairman Lin," Li You said calmly, "it's your youngest daughter Lin Xiangmin."

Lin Changyu said helplessly: "Yes. But this matter and Shiying's matter are actually not as the outside world sees them."

"What is that like?" Li You asked, and said with interest: "Could it be related to Zhu Mengyuan?"

Lin Changyu, feeling uneasy, finally nodded and slowly told the truth: "It is related. Everyone said that since last year or even the year before, Shiying and Zhu Mengyuan have been in a relationship for a long time."

He smiled bitterly and shook his head. "Actually, it's not like that. They were still doing fine when they first started last year. Shiying even wanted to borrow money from me to help Daying Haiyang get through the difficult times."

Li You cut a cigar, lit it and handed it over, pretending to be listening to a story.

Lin Changyu took a sip and said, "But at that time, the Elephant Group was also in trouble, and our situation was also very bad, so we naturally couldn't help Shiying and the others.

From that time on, things started to become a little strange between us and Zhu Mengyuan.

As a result, we finally managed to get through last year, but this year the situation has become even worse.”

As he spoke, Lin Changyu smiled speechlessly, "The situation in Daying Ocean improved at the beginning of this year, and we are sincerely happy for Shiying and the others."

"And Shiying also asked Zhu Mengyuan for help on our behalf, just like he asked us for help on his behalf last year."

He shook his head and sighed, "In fact, we also know that the situation in Daying Haiyang has only improved slightly, and we don't expect him to help. But we didn't expect Zhu Mengyuan to not only stand by and watch, but also want to take advantage of the situation and buy out our Elephant Group's shares at a low price."

"Even some of the shareholders of the Elephant Group have sided with him," Lin Changyu said bitterly, "Under duress, I had no choice but to resort to this desperate measure and hand over most of the shares I hold to my youngest daughter Xiang Min."

"And Shiying fought him to the death, and temporarily saved the Daesang Group with the money."

Li You ignored Lin Changyu's glorification of the Elephant Group during this back and forth, and thought about Zhu Mengyuan's intention to buy the Elephant Group's shares at a low price.

"You said Zhu Mengyuan wanted to acquire shares of Elephant Group at the beginning of this year?"

"That's right," Lin Changyu pursed his cracked lips, "It was his action that made Shiying completely give up on him..."

It is acceptable to choose to stand by and do nothing when you are in trouble, but you cannot take advantage of the situation.

This is roughly what Lin Changyu meant.

Li You listened to his words and nodded, his brain working and thinking.

Zhu Mengyuan himself is rich, but the Peninsula chaebols make a clear distinction between personal property and corporate property and will not easily use personal property to protect the business.

For example, the shares of Daying Ocean held by Zhu Mengyuan are only a part of his personal property.

He also holds a number of scattered shares in various companies of Daying Group. Although he cannot exercise power under Zhu Mengyong's control, he can still enjoy dividends as usual.

If he converted everything he held into cash, and there was no pressure to force a price cut, he would have no problem selling it for 1 trillion won.

From this point of view, when Daying Ocean's market was good at the beginning of the year, Zhu Mengyuan undoubtedly had the intention of selling Daying Ocean at a high price, and then acquiring Elephant Group at a low price to start a new business.

His obsession with Daying Ocean is not as great as it appears to the outside world.

However, it was discovered by Lin Shiying, who caused a fight for custody and division of Zhu Mengyuan's personal property. Later, Li You used this to attack him, which ruined the matter.

This news is not good for Li You.

This means that Li You had misjudged Zhu Mengyuan. He had originally thought that this was a person who was very determined to compete with Zhu Mengyong for power in the Daying Group and would not easily give up Daying Ocean, which was a sharp spear to deal with the Daying Group.

But now it seems that he is already thinking about buying at a high price.

As he thought about it, Li You laughed out loud.

The two brothers Zhu Mengyuan and Zhu Mengyong from the Daying family are really two-faced.

Li You put away his smile and told Lin Changyu his guess indifferently.

"This..." Lin Changyu frowned. Even at that time he just thought that Zhu Mengyuan wanted to stand on the corpse of the Elephant Group and use this corpse to feed Daying Haiyang, but he never thought that Zhu Mengyuan was planning to start a new business.

"Maybe I guessed wrong," Li You chuckled and looked at Lin Changyu in front of him: "Chairman Lin, have you received Zhu Mengyuan's offer recently?" "I received it, but he only wants to acquire some shares."

Lin Changyu said in doubt: "But Shiying rejected it outright. He said that Zhu Mengyuan must not be allowed to acquire part of the shares, even if he becomes a minority shareholder."

"It seems that Chairman Lin's daughter knows something about the inside story." Li You was sure that there was nothing wrong with his idea, but he still asked: "She denied it so firmly, could it be because of the relationship problems between the two?"

Lin Changyu's face was a bit struggling, but he finally gave a fair evaluation, "Shiying is a very rational person, and they still have two children. I don't think she would be so determined because of this kind of problem. Based on their understanding of each other over the years, what President Li said is probably true."

Li You stopped tapping his fingers on the table and said, "Why don't we call her over and ask her in person?"

Lin Changyu looked embarrassed. After all, it had not been long since Lin Shiying and Zhu Mengyuan divorced, and their family would not easily mention such a thing.

Li You whispered: "If the situation is true, the Golden Gate Group can reach some pleasant cooperation with the Elephant Group."

Lin Changyu's throat was itchy. He stood up and bowed, his hair sprayed with hair shaking. "I'll contact Shiying."

When Lin Shiying learned of Li You's guess, he thought for a while, "Is this what Chairman Li meant? He wants to see me to confirm the truth of the matter?"

"That's it."

To Lin Changyu's surprise, Lin Shiying, currently the vice president of Elephant Group, agreed straightforwardly and said that there was more to the story.

Lin Changyu pondered for a long time, then sighed and said, "Then Shiying, you should come to Kinmen Group and tell Chairman Li in person."

When she arrived at Kinmen Group and saw Li You, Li You was leaning on the sofa, chatting and laughing with Lin Changyu opposite him.

"President Li," Lin Shiying bowed calmly.

Li You watched Lin Shiying after her divorce. She cut her long hair and shed her previous image of a good wife and mother in the media, transforming herself into a strong woman in the workplace.

"Vice President Lin said there is something else going on?" Li You's face was calm, his eyes were inquiring, "Why don't you explain it to me and President Lin, so that we can know what Zhu Mengyuan is thinking."

"Yes," Lin Shiying had obviously considered his words on the way here: "This matter started ten years ago."

"Ten years ago," Li You nodded slightly, "Ten years ago, I was still the leader of a street gang, and I really didn't know much about some things."

Lin Changyu looked puzzled, "Shiying, wasn't it ten years ago when you just got married?"

"Let Vice President Lin sit down and talk first," Li You waved his hand, and the father and daughter sat opposite Li You, but Lin Changyu still looked at Lin Shiying with some confusion.

"We went on our first blind date with the help of our parents," Lin Shiying glanced at his father, "and everyone was very satisfied."

"Could it be that you were not satisfied with Shiying at the beginning?" Lin Changyu was a little puzzled.

"Satisfied," Lin Shiying nodded. "At that time, Zhu Mengyuan lacked the gangster spirit of his father Zhu Rongyi. Compared with President Zhu Rongyi, he was more gentle and modest, and he was also approachable. Of course, I was very satisfied."

"But this seemingly well-matched marriage was just a business from the beginning," Lin Shiying was very clear-headed. "In the business world at that time, the Daying Group, as a top chaebol, had always wanted to cross over into the lucrative food additives industry. However, our Lin family's Daxiang Group was the leading company in this food additive industry. Chairman Zhu Rongyi's appetite was not only big, but also unfathomable."

"I remember," Lin Changyu also added this to Li You who was sitting in front of him, "President Li doesn't know that at that time, Daying Group, which was mainly engaged in shipbuilding, automobiles, and logistics, competed with our Daxiang Group in the food additive industry for a long time, and both sides suffered losses. In the end, it was President Zhu Rongyi's wife who wanted to stop the struggle through euphemistic methods."

"So we adopted the method of marriage," Li You nodded.

"At that time, Se-young's mother and Chairman Joo Young-il's wife were followers of the same Buddhist group," Lin Chang-wook added.

"Yes," Lin Shiying said silently, "I didn't know it at the time. I just thought it was a marriage to stop the fight. I didn't know it until later."

"She was the one who proposed to Chairman Zhu Rongyi that a marriage between chaebols was the best shortcut for Daying Group to expand."

To stop a fight and to use it as a shortcut to expansion are two completely different things.

"Later?" Li You raised his eyebrows. "When?"

Lin Shiying opened her mouth, and for the first time she, who seemed to be resolute and decisive, hesitated.

After hesitating, Lin Shiying was no longer afraid, "It was the month before the explosion at Daying Manor."

No wonder Lin Shiying hesitated. At that time, everyone in the Zhu family of Daying knew that it was Li You who blew up Daying Manor.

"I was still pregnant at that time. I heard Chairman Zhu Rongyi and his wife talking outside the study room. They were talking about the future strategy of Daying Group."

"What's next?" Li You frowned. It couldn't be that Zhu Rongyi had started discussing using this method to swallow up the Elephant Group at that time.

This is impossible to think about. After all, no one could have imagined that the crisis in 2007 and 2008 would be so serious and almost destroy the Elephant Group.

"I didn't hear what happened after that, but I can confirm Chairman Li's speculation," Lin Shiying said, "Zhu Mengyuan did have the idea of ​​betraying Daying Haiyang, embezzling the Elephant Group, and becoming the owner of the Elephant Group. And this idea was very strong."

Li You nodded slightly, then changed the subject and asked, "How many shares of Elephant Group does Vice President Lin currently hold?"

“Just over 20 percent.”

"Current position?"

"Vice Chairman of Daesang Group and Representative Director of subsidiary YZ&P."

This company with a difficult name is said to be a subsidiary of the Elephant Group, but in fact it is the most important subsidiary of the Elephant Group and was on the verge of bankruptcy before she took over.

"I heard that Vice President Lin is also responsible for brand management and marketing planning within the Elephant Group?"

"Yes," Lin Shiying said frankly, "I manage many departments including design, branding, and public relations."

"If the Elephant Group gets enough funds," Li You propped up his head with his hands, "Vice President Lin can submit a plan based on this. If the plan is good enough and won't waste my money, I can certainly make a certain investment."

At this time, Lin Shiying still looked at Lin Changyu. After all, he was both her father and the chairman of the Elephant Group. The sense of hierarchy on the Korean Peninsula was still engraved in the bones of this strong woman.

"Of course, no problem." Lin Changyu quickly stood up and extended his hand to Li You. "We will prepare a plan carefully when we return."

(End of this chapter)