Silicon Valley

v2 Chapter 404: Enter South Korea

   Because of Henry's existence in this life, Williams Electronics has developed into the world's top electronic product company! The zero-sum market has established that one party earns more, the other party earns less, or even loses money. ◎

   Therefore, Samsung Electronics is far less powerful than the previous Samsung Electronics.

   At present, the subsidiaries of the Samsung Group include: Samsung Electronics, Samsung C&T, Samsung Airlines, Samsung Life Insurance, Samsung Heavy Industries, etc., and their businesses involve electronics, finance, machinery, chemistry and many other fields.

  In 2003, three companies under the Samsung Group entered the Fortune Global 500 list, among which Samsung Electronics ranked 59th, Samsung C&T ranked 115th, and Samsung Life Insurance ranked 236th.

   However, Samsung Electronics is now suppressed by Williams Electronics, Samsung C&T is suppressed by Global Land, not to mention, Samsung Airlines is slammed by Spacex...

   It can be said that the situation of the Samsung Group is much worse than in previous lives.

   The Asian financial crisis is approaching and Samsung’s brain drain has caused a major blow to the company’s future development.

In addition, the current Internet bubble has just ended, the market is very sluggish, and supply exceeds demand. In addition to the huge sales of Williams electronic products during the first round of price cuts, the sales of other companies’ products are poor and can only be stored in warehouses. This gives Samsung , LG, Sony and other companies have caused huge losses.

   Electronic products not only make no money, but also lose money. Li Jianxi is furious and falls a lot in the office.

   Samsung originally only sold non-yielding assets, but now it has to sell high-quality assets to maintain the development of Samsung Electronics. At the same time, Samsung has to raise wages in order to retain talents! All these have brought huge financial pressure to Samsung.

   Samsung is dragged down by this, and its slow development is inevitable.

  In order to further curb Samsung's development, Henry decided to acquire a Korean company while establishing his own company, attacking the Korean market, and rushing to Huanglong, giving it its base camp, and seeing how it can become stronger in the future!

   The Asian financial crisis has severely impacted the banking industry. South Korea’s No. 1 Bank is about to close down frequently. This is a piece of fat. Major European and American companies will pay attention to it, especially the US Newbridge Capital Group, which is very interested in acquiring the No. 1 Bank.

   However, Henry also fell in love with the First Bank of Korea. It was already the meat on his plate.

   Although the No. 1 Bank of Korea is called No. 1, it is not the largest bank in South Korea, but ranks eighth. The name is nice, and it’s enough. Isn’t it easy to become the largest bank in Korea? It won't take long

  Previous life On January 11, 2005, Standard Chartered paid US$3.3 billion in cash to acquire the entire equity of Korea First Bank. At the time of the acquisition, the total assets of Korea First Bank was approximately US$44 billion and there were 394 branches in various regions. If Henry bought it now, it would be a billion dollars.

   The U.S. Newbridge Capital Group invested US$380 million to acquire a 48.56% stake in the First Bank of Korea, and Henry directly gave a wholly-owned acquisition of US$1 billion! Newbridge Capital Group of the United States saw Henry participate in the competition, and finally chose to withdraw. There are so many Korean banks. There is no need to compete with the world's richest man, lest the Korean bank fishermen profit. There is another thing that makes Newbridge Capital Group quite worried.

Buffett and Henry also robbed Wells Fargo, but Henry later sold off his shares in a fit of anger, causing the stock price of Wells Fargo to plummet. Buffett and Berkshire Hathaway lost more than 4 billion U.S. dollars and became the laughing stock of the United States. ! Buffett’s face turned blue at the time, and yelling at Henry was totally detrimental to others. If you throw it slowly, it will not cause a stock market avalanche, but if you throw it all at once, it will inevitably cause stockholders to panic. The stock price plummeted, Henry himself. Will lose money!

   But Henry shrugged his shoulders and smiled at the reporter: "I'm happy, what? Besides, I just threw it away in the first place, and I didn't lose much. It added up to less than 100 million US dollars!"

   For a while, Henry got in touch with the words "wealthy and self-willed" and "don't grab the company with Henry Williams, or you will not pay for your life". The Newbridge Capital Group of the United States is also afraid of this. If Henry grabs shares in the stock market and Henry sells it all, should I cry or should I cry! !

   The U.S. Newbridge Capital Group acquired the First Bank of Korea just to make money... When the economic situation improves, then resell it. It's not here to get angry with Henry and do a loss-making business!

   The U.S. Newbridge Capital Group, the most powerful and willing to acquire, announced its withdrawal. Naturally Henry bought the First Bank of Korea very smoothly! There is a bank in South Korea. If Henry had a company in South Korea, it would be convenient for fundraising and at least financially guaranteed!

   After buying the First Bank of Korea, it was naturally a non-stop expansion. There are many banks that have closed down. At this time, it can be said that the hands are fast and the hands are slow. Numerous European and American companies have been killed in. Everyone is hunting. See who is fast and fast!

   The First Bank of Korea blessed Williams's halo, and it became strong all of a sudden, opened its huge fangs, and began to annex other banks.

   South Korean media have said: “The world’s richest man Henry Williams bought the First Bank of Korea~lightnovelpub.net~ From this point of view, the First Bank of Korea may not be long before it will really become the First Bank of Korea!”

   Of course, the bank is only the first step. The next step, Henry's goal is: CJ cj company. CJ CJ is the largest food company in South Korea. It has food and catering business groups (including Dasida, Tolakujj, het-bahn instant rice, etc.), biological and pharmaceutical business groups, new distribution business groups, entertainment and media Business Group……

The reason for acquiring it is that CJ CJ has great potential for development; second, in 1995, CJ CJ and Director Spielberg and others jointly established DreamWorks skg company, thus starting the film and television business, and then cj Become Korea's No. 1 film company, and develop potential leverage. DreamWorks, a subsidiary of Galaxy Films, owns 25% of DreamWorks skg. Therefore, as the saying goes, acquaintances can start!

   There is another reason. CJ cj used to be a subsidiary of Samsung. In 1993, cj became independent from Samsung Group and established its own business system. The acquisition of cj symbolizes Henry's determination and logo to attack Samsung! ! !

   Because of the DreamWorks relationship, Henry quickly contacted the cj company and proposed an intention to acquire it. In this financial crisis, cj company is struggling. Henry said that since everyone is a partner and is familiar with each other, I can't bear to see cj living so hard. In this way, I invested 6 billion US dollars to acquire 75% of the shares of cj company to help cj tide over this difficulty!

   (To be continued.)