Chapter 450 The dust settles

As things have developed to the present, Yang Xing has been sitting firmly on Diaoyutai when it comes to acquiring Daewoo, but the South Korean government is anxious about it. In the social environment where South Korea generally defaults to "red envelopes", there is a general habit of giving benefits to the society in advance. However, President Kim Dae-jung, who has been in power, hated this phenomenon when he was in the opposition. After he came to power, he promised to build a clean government and vigorously crack down on **.

However, the bad habits in South Korean society are difficult to reverse and cannot be reversed in a short while. However, with the continuous publicity, the tolerance of ordinary Korean people to corruption has been greatly reduced, forming an interesting social phenomenon of sending red envelopes to officials in order to do business and scolding them again. The public opinion has formed a trend of relentless pursuit of news such as collusion between officials and businessmen. In 1997, even the two resigned presidents, Chun Doo-hwan and Rou Tae-woo, were sent to the trial table for economic issues. Although President Kim Yong-san immediately pardoned them, it was also considered a wonder in the history of world politics.

In this case, the timing of Yang Xing's choice to detonate the bomb of Samsung's tax evasion case was very delicate, and the chain effect was far beyond the case itself and affected the political struggles of the upper class of South Korea. Although Samsung is very famous in South Korea, the public opinion ignited by the Daewoo scandal announced by Kim Woo-chung overseas was obviously even more aroused by the agitated wave of anger. The wave of criticism of the government forced a group of South Korean economic officials to the corner. At this time, the most hopeful acquisition of the *** consortium Mingjin stopped the army, and it was also rumored that Yang Xinggang won 10 billion US dollars in the U.S. futures futures contract. With this momentum, Zhongxing International naturally has an advantageous position.

For South Korean government officials, Daewoo has become a hot potato at this time. The hidden problems not only have become wounds that slowly lose blood and suppurate, but also may lead to terminal illness. No one wants to delay it anymore, so they simply break it up with it. At first, the South Korean government had the idea to retain Daewoo's core assets, and in order not to cause severe social turmoil, it was not to go bankrupt in one step but to slowly break down Daewoo's business. Therefore, several companies who proposed to acquire Daewoo were asked for prices, and if they could, they would delay it. After seeing this, Yang Xing instructed the Korean branch to temporarily stop the acquisition and wait for change.

When Kim Woo-jung revealed the inside story of Daewoo overseas, almost all the officials in charge of Daewoo's bankruptcy were involved, and all the officials stepped down were taken over by new officials. The lessons of the past made them adopt a completely different approach from their predecessors. Since the two biggest competitors, the Yasuda family, and the alliance between Zhongxing International and the American consortium, was even more wealthy, this time, South Korean officials basically chased Zhongxing International's Yoon Jin and Han Shihao, eager to sell Daewoo Group.

On April 15, the South Korean government reached an agreement with Hong Kong Zhongxing Group, General Motors, General Motors, General Electric, Caterpillar and other companies in Seoul, announcing the split of Daewoo Group's main assets to these companies. To many people's surprise, Zhongxing International, the main acquirer, was not interested in Daewoo's core enterprises in South Korea, Daewoo's shipbuilding and other factory personnel, and was also picky about Daewoo's many overseas factories, and basically gave them to the US partners who came with them.

Zhongxing International is obviously more concerned about Daewoo's core patents and related researchers in diesel engines, shipbuilding, automotive design, heavy machinery, electronic products, etc., as well as receiving Daewoo's many overseas factory facilities in China and Southeast Asia. After this temporary alliance led by Zhongxing International paid more than $8 billion, the former behemoth Daewoo fell down and Daewoo's name was thrown into the garbage dump of history.

Before this, Jin Woo-jung took the initiative to return to China and surrendered to the Seoul District Court. Yang Xing paid money and worked hard to protect the safety of him and his family. Before returning to China, Jin Woo-jung met Yang Xing secretly. It was this meeting that he revealed many unknown inside stories about Dae-woo to Yang Xing, allowing him to do everything step by step when acquiring Dae-woo, but also made Yang Xing firmly determined to abandon Dae-woo's Korean assets and only obtain Dae-woo technology.

Since the 1980s, developed economies in the world have begun to upgrade their industries for the third time. Japan, South Korea and other countries that previously relied on the route of low labor costs were also forced to move towards the high end of the value chain. Many domestic labor-intensive industries have gradually moved to countries with lower labor costs such as China and Southeast Asia. Now, the labor force engaged in heavy physical and simple repetitive work in South Korea is decreasing, and the old workers are gradually retiring when the South Korean economy takes off. The new generation of workers neither want to work too tiring and want to get high wages, so they rely more and more on major trade unions in South Korea to negotiate with the capital.

Koreans have a bad temper and do not like to compromise, so negotiations between trade unions and investors often lead to violent conflicts. Moreover, South Korea has a strong xenophobic idea, and slogans "The only thing that is to do with people is to be patriotic" on the streets, which means that Koreans can only use Korean products to be patriotic, and Koreans can be seen with narrow-mindedness and conservativeness. The rebelliousness of Korean workers is a headache for Korean foreign-funded enterprises. Foreign companies that set up factories in South Korea have experienced the threat of strikes and confrontations organized by Korean trade unions.

Yang Xing believes that his manufacturing industry is based in China and now the domestic labor force is surplus. As long as he has money, he is afraid that he will not be able to hire obedient and willing Chinese employees? There is no reason to go to South Korea to hire a group of disobedient Korean workers to make trouble for himself. So Yang Xing swept away Daewoo's talents and technical information, and left the factories and labor unions for the Americans to deal with it.

As the hustle and bustle of Daewoo bankruptcy case came to an end, the biggest beneficiary of Zhongxing International's "Shifangs and All Destruction" company immediately started running at high speed. According to the previous plan, Daewoo Group, the representative of the Korean universal company, has many businesses and "Shifangs and All Destruction", and they are all busy sharing the cake they need most from this acquisition.

At this point, Yang Xing's series of dazzling actions in the international capital market came to an end, which once again made Zhongxing International employees admire Yang Xing, the big boss. Now they found that Yang Xing's absurd proposal to acquire Fuji Bank at that time was actually very meaningful. With the development of the situation, Daewoo not only successfully fell into Zhongxing's hands, but even the original proposal to acquire Fuji Bank seemed to be impossible, and all of this was a miracle created by Yang Xing.

So when Yang Xing signed the agreement to acquire Daewoo in South Korea and flew back to Jiudu, the place where he made his fortune, which had not been in the past year, at the welcome banquet held by Jiudu, many local officials flattered him, boasting that if Zhongxing International could continue to work hard to buy Fuji Bank, Zhongxing Group would be able to enter the top ten companies in the world. Yang Xing firmly denied this and explained in detail the history of Fuji Bank and its relationship with Furong Consortium behind it, pointing out that the strong strength of the *** Consortium is not something that Zhongxing International can be involved in at this stage. The rumors that everyone heard before were just rumors.

Yang Xing deliberately revealed this statement through this occasion. After all, in order to disrupt the *** people's footsteps, Yang Xing even used Shen Changzheng. The timing of the joint documents of the four ministries and commissions issued by the central government and the cooperation of the Bank of China gave the *** people a strong hint, saying that Zhongxing International's acquisition of Fuji Bank was not groundless. The *** businessman was very smart and attached great importance to the central government's red-headed documents when dealing with the country. Sure enough, this action has been effective. However, although the theme of this document is fine, the reality is that major state-owned banks are full of bad debts and are organizing special asset companies to deal with bad debts. It is still early to consider going abroad to acquire foreign banks. Now that the Daewoo acquisition case is settled, Yang Xing of course has to take the initiative to clarify the matter through formal occasions.

However, even if Yang Xing said this, most officials still disagree. After all, he has done too many major things at this stage. The acquisitions of Hong Kong Telecom and Daewoo Group alone are large international acquisitions of 10 billion US dollars. The officials of Jiudu are envious. Now Yang Xing, the rich man, is here in Jiudu. They all understand how Yang Xing made a fortune here. I think as long as Yang Xing leaks a little into his fingers, it will be enough for Jiudu to have a big meal.

Yang Xing was not shy about this. This time he went directly to Jiudu. In addition to inspecting the construction of his own industrial base, he was to negotiate with Jiudu to introduce Daewoo's technology and talents. Daewoo Group has made achievements in heavy construction machinery, diesel engines, automobiles and other fields, and Jiudu also has considerable advantages in this regard as a veteran heavy industry city. Now, Zhongxing International's positioning of the five major domestic industrial parks, Shancheng and Jiudu's industrial parks are both designated as large-scale machinery and equipment manufacturing bases. The construction machinery and CNC machine tools produced by Jiudu are already well-known in the international market and are preparing to launch an annual automobile production line this year. Daewoo's technology and personnel in this area are undoubtedly a timely rain.

At the banquet, Jiudu was temporarily hosted by the new mayor Ma Yijun. Yang Xing's old friend Kan Dongtian joined the Standing Committee of the Central Plains Province and was appointed as the next vice governor in charge of economy. He was busy with affairs and often inspected other places in the province in addition to the official duties of Jiudu City, so he did not come back today.

In recent years, due to Yang Xing, the economic development of Jiucheng City can be said to be a long time to develop. Not only has it been upgraded to a "big city" that enjoys sub-provincial treatment, the "Four Heavenly Kings" state-owned asset management company established by the city has also taken its own path in the large-scale restructuring of state-owned enterprises, setting an example of successful transformation of state-owned enterprises without causing social turmoil. Now Jiucheng City's GDP accounts for one-fifth of the original province's output value, surpassing the provincial capital mall, and the status of Mayi County has also risen. Of course, he is particularly friendly to Yang Xing.

Yang Xing and Ma Yijun had a deal. As soon as the new mayor took office, he wanted Yang Xing to help him pay for the construction of Jiudu's urban rail transit. Yang Xing had to donate a batch of electric buses to make excuses. Now his role has been reversed. Yang Xing is no longer the president of the college student who has just left the school. His political and economic influence is above Mayor Ma. The two have relatively equal identities and can speak freely. In the eyes of outsiders, they have been friends for many years.
Chapter completed!