"Boss, although you hate sticks very much. But for Ssangyong Motor itself, I think it still has the value of acquisition. Do you need to think about it carefully?" Wuzhi Xiaoji created the automobile manufacturing enterprise of Fan Investment Group. This industry has a special liking and is always thinking about expanding it, so I am more interested in the acquisition of Ssangyong Motor.

The reason why Ssangyong Motors proposed its intention to be acquired this time is mainly because of the severe impact of the Southeast Asian financial crisis, and the entire South Korean finance and economy have suffered a strong impact, especially the automobile manufacturing industry, which is greatly affected by the environment. The industry is the hardest hit area.

Since the second half of 1997, the South Korean economy has plunged into a severe financial crisis. After more than two years of hard work, the Korean financial market has basically returned to stability, the foreign debt structure has become more reasonable, exports and foreign investment have increased, the unemployment rate has fallen, and the economy has shown a momentum of strong recovery. This year's GDP growth rate is expected to reach ten percentage points.

The South Korean economy was able to come out of the financial crisis in such a short period of time. The superficial reason was that it rejected the huge amount of aid from the International Monetary Fund, and obtained huge foreign exchange support through the private cooperation between Samsung Group and Fan Wuyi. Through the devaluation of the domestic currency, exports are expanded and imports are curbed. Coupled with the rebound in world economic growth, the balance of payments has been improved relatively quickly. The deeper reason is that the huge pressure of the financial crisis has been used to form a consensus and cohesion among the people of the country and accelerate the adjustment of the economic structure.

Before the crisis, South Korea implemented a government-led market economy system. With the improvement of South Korea's economic development level, economic activities have become increasingly complex, changes in the international economic environment and competition have become increasingly fierce, the drawbacks of this system have become increasingly apparent, the accumulation of problems has become increasingly serious, and a serious financial crisis has finally erupted.

Before the financial crisis, many large Korean enterprise groups blindly implemented a diversified business strategy, which not only made the core competitiveness of each group less prominent, but also increased business risks, which became an important reason for the financial crisis for enterprises to get into trouble.

In order to solve this problem, under the promotion of the South Korean government, the five major enterprise groups have replaced important industries such as refined oil, chemicals, semiconductors, railway locomotives, airplanes, electrical equipment, and marine motives.

For example, in the semiconductor industry, before the replacement, there were three major groups: Samsung, Hyundai, and 1g. After the replacement, the 1g semiconductor company was merged by Hyundai.

The automobile industry originally had five companies: Hyundai, Kia, Ssangyong, Daewoo, and Samsung. The government required that automobile production be concentrated in Hyundai and Daewoo.

All types of enterprises have substantially merged, sold, and liquidated their subsidiaries that are not directly related to their main businesses.

Although this adjustment has encountered resistance from enterprises, it is very difficult, and some measures have not reached the expected goals, but overall progress has been made and the core competitiveness of enterprises has been strengthened.

After the financial crisis, the South Korean government and enterprises increased their investment in technology and development, enabling South Korea to have independently developed and world-advanced technologies in high-tech fields such as semiconductors, mobile communications, computers, and networks. Formed a strong competitiveness.

This year, South Korea’s exports of information and communication products reached nearly 40 billion U.S. dollars, achieving a surplus of more than 14 billion U.S. dollars. It is estimated that by the end of this year, the length of optical cables laid by South Korea will reach 80,000 kilometers, and there will be more than 10 million Internet users.

The role of high-tech exhibitions in South Korea’s economic recovery is very obvious, but at this time Ssangyong Motor’s prospects are not very optimistic. They mainly produce diesel-powered vehicles, but the current international oil prices are rising all the way, for them The impact of Ssangyong Motors is considerable. In particular, Ssangyong Motors does not agree with the government-led view of acquiring Hyundai or Daewoo, but is very resistant to this. This makes Ssangyong Motors, which is already in crisis, even more difficult.

"Although diesel-powered passenger vehicles occupy more than half of the automobile market in the international market, the current diesel vehicle exhibition in China is very slow. Diesel passenger vehicles only account for about 1% of the annual new car market. Compare with the national diesel vehicle exhibition After the trajectory is not difficult to see, the Chinese diesel vehicle market is still a new territory that needs to be opened up. With the penetration of environmental protection issues, diesel vehicles are receiving more and more attention and support from the national automobile industry policy, and the future development potential is huge. "Wu Zhi Xiaoji tried his best to say to Fan Wuyiyou," SuV sales have grown rapidly this year. With the change of consumer concepts, suV will gradually enter middle-class families, and the concepts of energy saving and environmental protection are increasingly put on the agenda. Ssangyong's suV is also getting better. As a world-class diesel-powered suV expert, I think the acquisition of Ssangyong Motor is obviously a good move."

Fan Wubing knew that Wuzhi Xiaoji didn’t know much about South Korea, and only considered the matter from a technical level, so he said to him, “If it’s in another country, or I will seriously consider it. Just a moment, but for South Korean companies, it is basically unnecessary to discuss this kind of acquisition."

"Why?" Wu Zhi Xiaoji asked back, somewhat unclear.

"Korea's trade union organization is too strong." Fan Wuyao replied.

South Korea’s investment environment is not as good as expected. Facts have proved that many companies lack sufficient knowledge of South Korea’s business environment, especially South Korea’s trade union culture.

In the antagonism, friction, and struggle with the employers’ interests year after year, South Korean labor unions have abandoned the traditional demands of general interests such as labor wages, and have moved toward management, toward power, and toward politics.

What this has brought about is no longer the maintenance of the status and functions of a labor representative or spokesperson, but a manager, a power holder and a political institution.

People who are familiar with Korean trade unions think that Korean trade unions are powerful, but most of them did not clearly see that the power of Korean trade unions is not as powerful as a union organization, but as a management institution, authority and political organization. Just imagine, which country's traditional trade union can compare to such a special kind of power?

From the perspective of trade unions moving towards power, this has brought the possibility of violence and scandals. In recent years, bribery and other incidents in South Korean trade unions have greatly increased, which is directly related to the fact that they have obtained considerable power after their power appeals, and there is no power restriction mechanism.

As for trade unions’ move towards the political arena, this is completely contrary to traditional trade union functions, when trade unions have won certain positions in politics. Its status as a representative or spokesperson of labor interests is naturally weakened. Because it must be based on the premise of producing a group of politicians, these politicians' performances on the political stage only need the support of laborers, they are labor representatives. It is unrealistic if you need the support of management and expect them to represent the interests of labor.

Among the industrial union organizations in South Korea, the union of Hyundai Motor Group is quite representative.

In recent years, during the once-a-year summer strike between the trade union and the management, the demands of the strikes organized by the Hyundai Motor Trade Union are no longer just improvements or enhancements to labor wages and benefits, but also explicit requirements for participation in corporate management. .

The trade union is trying to add a management authority beyond the management of the enterprise. The opinions of the trade union must be taken seriously and implemented. Even when the enterprise produces a new model, the trade union must also participate in the opinions.

In South Korea, the treatment of workers at Hyundai Motor Group is quite high. It seems that the trade union organization has not done much in this regard. Naturally, the goal is shifted to the management and power of the enterprise, rather than reducing trade union activities or even Destroy such an organization on its own.

In fact, this situation exists in many countries. Almost every overseas M&A of a Chinese company will encounter the problem of a strong trade union.

Seven years ago, the Steel Group Corporation spent US$120 million to acquire the Peruvian Iron Ore Company, becoming the first Chinese state-owned enterprise to successfully acquire a foreign company.

After that, under the sluggish operation of Steel Peru, Peruvian iron ore workers continued to strike. According to local laws and regulations. Enterprises cannot fire union leaders, but the hard-line Chinese management resolutely fired union leaders in mining areas, thus intensifying conflicts.

Faced with the union members who went on strike, Gang did not insist on getting them back to their posts through negotiations, but hired laborers through labor companies to save money. In the end, laborers also went on strike and demanded equal pay for the same work as regular workers.

Until now, Steel Peru Company still often suspends production due to worker strikes, causing huge losses every year, making it difficult for steel to ride a tiger. I don't know whether to go or stay.

Fan Wubing said to Wuzhi Xiaoji, “The strength of South Korea’s trade unions is beyond your expectation. Whenever those union members with red turbans yelling slogans such as smashing the management and dying with the company, etc. No foreign investor will be happy. This kind of excessive labor dispute has completely distorted South Korea’s image. In the face of South Korea’s extreme trade union struggle, how will foreign investors who have no knowledge of South Korea feel? Let your back cool."

Xiaoji Wuzhi didn’t figure out the situation here at all, so he couldn’t help being stunned.

South Korea has never been able to get rid of this kind of struggle and expendable labor culture. At this point, some large trade union organizations that regard the labor movement as the realization of outdated ideas should bear the responsibility.

These trade unions have forgotten the natural mission of protecting the rights and interests of the workers, but they regularly intervene in political campaigns and continue to take to the streets to demonstrate and demonstrate, regardless of the specific conditions of the entire country and the company, and specialize in illegal strikes. Faced with slogans such as "Death with the company" and "Down with the management", which foreigner can tolerate investing in South Korea when personal safety and property are threatened?

It’s no wonder that a long time ago, there were rumors in the international market that if you want to invest in South Korea, you should either invest in a company without a union or sign a treaty prohibiting disputes with the union in advance. Such rumors are obviously frequent with the Korean union. The state of excessive struggle is not unrelated.

This shows that, in the eyes of foreign investors, South Korea’s labor relations have reached a dangerous level.

"It's a pity that there should be such a thing." Wu Zhi said with regret.

Recently, the automobile manufacturing plant of Fan Investment Group has been researching and manufacturing suV models. If the relevant parts of Ssangyong Motor can be accepted, it is obviously very beneficial. But after hearing Fan Wuyi’s words, Wuzhi Xiaoji himself I feel a little hesitant. After all, I encountered such a strong trade union and intervened at the most difficult time for the other party's company. God knows what kind of backlash will the sticks with high national sentiment have?

If you let your own funds fall into such a union quagmire, you will lose out. Although Fan Investment Group has strong assets, it will not feel too distressed to lose billions of dollars, but you know you can’t do it instead of wanting It would be unwise to operate this matter, but Wuzhi Xiaoji was not so persistent in wanting to accomplish this matter.

However, Shen Ying on the side listened to the general situation at this time, and she had some understanding of this matter, so she suggested to Fan Wubing. "Since you are interested in their companies, but you are very disgusted with their trade unions, why not try to talk about whether you can restrict the activities of their trade unions, or simply remove them from their enterprises? What? If you can achieve this goal ~lightnovelpub.net~Ssangyong Motor's muddy pool, it is not impossible to try."

"It's not easy--" Fan Wubing said with a bitter smile. "The stubbornness in the Koreans is deeply rooted, especially for the Chinese. After all, they have become a vassal country for thousands of years and have finally become independent. Now, the words count, how can they be willing to buy your account again? If it wasn't for a special reason, they would never have anything to do with China again."

However, Fan Wubing considered that what Shen Ying said might not be impossible to give it a try, so he discussed with Wuzhi Xiaoji and asked him to send a negotiating team to South Korea to negotiate with the people of Ssangyong Motors. At the same time, To express one's position, that is the prerequisite for the acquisition, that is, trade union organizations with strong activities must be restricted or banned.

"As the saying goes, asking for prices, sitting on the ground to pay back, and talk slowly-can we not afford the food and lodging expenses of dozens of people? As for the pancakes for them, we can draw a larger picture. Even if we can't negotiate, We also have to delay this negotiation a little longer, so that their business is not high or low. The more difficult the situation, the more beneficial it will be for us--" Fan Wuyao told Wuzhi Xiaoji.

"You are mixed together, really a model of profiteers." Shen Ying leaned close to the telephone receiver, listening to them talking about things, and commented with a smile.