Be reborn and be happy to the fullest

“Very good, I’ve always admired people like the president…”

As Lee Se-ki spoke, he reached behind him. His plan to win over Lee Seok had already been prepared. At this moment, Attorney Kim stepped forward and handed over the documents, which Lee Se-ki then placed in front of Lee Seok.

"President Li Shuo, please take a look. This is the cooperation that Samsung intends to reach with Shuoguo during this meeting..."

As he spoke, he leaned back, and a beautiful office lady walked up from the other side. She half-knelt in front of Li Shuo and introduced him softly:

"First, Sanxing will invest in Shuoguo Construction at a 50% premium over the market price. The specific number of shares to be held can be determined by Shuoguo, but the maximum shareholding will not exceed 10%..."

The terms were extremely favorable from the start. For most companies, the goal of growing a company is to sell it at a good price. Samsung's price was definitely enough. More importantly, Samsung even set a limit on the maximum number of shares it could hold, which meant that it would not affect the management rights. Even Li Shuo was tempted by this.

"Secondly, the five sectors under the Sanxing Consortium—culture, electronics, medicine, finance, and construction—are open to cooperation with the Shuoguo Group. Shuoguo can choose up to one sector to enter and enjoy the benefits..."

"Third, the Sanxing Consortium can cooperate with Shuoguo Security Company, providing it with financial, technical, and human resource support..."

The first two points concerned Li Shuo's primary interest: economic cooperation. The third point was an expression of "sincerity" regarding security and military strength. And this was just the beginning. The OL (office lady) elaborated on ten points in one go. The remaining seven points, while not as shocking as the first three, were still cooperation clauses targeting other companies under the Shuoguo Group. One of them even involved cooperation with the Shuoguo Group in China, sharing some of Samsung Semiconductor's technological expertise...

Perhaps in the eyes of this three-star prince, sharing some semiconductor technology patents is nothing, just allowing Li Shuo to open another foundry. But Li Shuo was very excited because all the terms he mentioned were broad, with clauses like "Shuoguo can specify the cooperation matters and technologies"!

Therefore, Li Shuo can even specify the acquisition of the most cutting-edge technologies, such as semiconductor wafers!

On the other side, seeing the look of shock finally appear on Li Shuo's face, Li Shiji also showed a satisfied smile. Wasn't this exactly what he was trying to achieve by offering so many preferential conditions?

However, with so many good things, it's natural that they can't all be given to Li Shuo; instead, they should be...

"What price is Chairman Li Shuo willing to pay for these 10 cooperation terms?"

Lee Se-ki straightened up and asked in a deep voice, feeling quite imposing!

With so many valuable items, a small overseas conglomerate naturally couldn't afford the price. So, now it's his time to do as he pleases!

Just as Li Shiji was brimming with confidence and his momentum was almost at its peak, Li Shuo snapped his fingers. Han Enqing, who was behind him, stepped forward. Unlike the office lady who knelt before Li Shuo, she stood straight and introduced herself with neither servility nor arrogance:

"Shuoguo has also prepared several cooperation terms: First, Shuoguo will invest in Elephant Foods and acquire shares at market price. The specific amount of investment can be determined by Sanxing..."

"Secondly, the domestic industries of the Shuoguo Group can cooperate with Samsung, such as in entertainment, construction, and technology, as detailed below..."

"Third, Shuoguo Financial can provide Samsung with some US-related financial services..."

Compared to what Sanxing provided, Han Enqing only mentioned six points in a scattered manner, and the wording of the first three points was also temporarily changed by her based on the other party's conditions, although the general content was the same.

The executives around Lee Se-ki burst into laughter in unison. Kim Sung-geun, the Minister of Culture, directly questioned, "Does Sukgo know the power of Samsung in the cultural and media field? If you can cooperate with Samsung, you'll be getting a great deal. But now you're making it sound like we're the ones who are getting the better deal..."

Han Eun-jung explained in a flat tone, "Samsung is the largest conglomerate in South Korea, involved in almost every industry. However, it's not possible to be number one in every industry. Since it's a collaboration, we can select some projects that complement each other..."

"Heh, although Samsung isn't number one in every industry, which industry does a conglomerate like the Shuoguo Group excel in?" Kim Chong-geun sneered. He was actually Lee Se-ki's mouthpiece, and he would continue to nitpick to facilitate negotiations and exert pressure.

"That's right. As an overseas conglomerate, we proposed a collaboration in China. Does that mean Samsung is number one in everything in China?"

Han Enqing's words hit the nail on the head. In fact, 11 was the time when the domestic market was booming. The whole world was optimistic about China and was investing heavily. Samsung was no exception. That's why Li Shuo took the initiative to propose to cooperate with Samsung in China in the cooperation project.

Of course, the reborn individuals have no good feelings towards Samsung. This cooperation actually harbors some potential pitfalls. For example, if Samsung agrees to cooperate and invest in building a factory in China, then by the time the factory is officially operational, it will be around the time Samsung releases its 7th generation of mobile phones and starts its "rumbling" business. After that, Samsung will "quickly withdraw" and frantically sell off its business in China...

"Ahem, Samsung has been operating in China for many years, and we have considerable strength. What aspects of the Shuoguo Group can complement Samsung's?"

It was Lee Se-ki who spoke. His real purpose in meeting Lee Seok was to win him over, not because he really cared about the company's business. So he took the initiative to speak, laying the groundwork for future cooperation.

Since the Crown Prince was like this, Jin Chonggen, the Minister of Culture who had been nitpicking, didn't say much and quietly watched as Li Shuo answered about the Shuoguo Group's advantageous projects in China: Shuoguo Mobile Phone Chain Mall...

After Li Shuo finished his introduction, Li Shiji spoke up again: "Sales channels are indeed what Samsung China lacks, but they can only be exchanged for one of the 10 conditions I proposed. What does Chairman Li Shuo think?"

"Change to the second condition!"

This marks the beginning of a substantive cooperation phase, and Li Shuo, without hiding anything, revealed the conditions he valued most.

This made Li Shiji raise an eyebrow. He first said "Okay," and then said, "I thought the group's proposed order was the optimal solution. I didn't expect Shuoguo Group to be so confident. Don't you want Samsung's investment in Shuoguo Construction?"

He wasn't a reincarnated person like Lee Seok, and he simply assumed that Samsung's proactive investment and support were the greatest care for South Korean companies.

Li Shuo's second condition was that he could choose any industry that Sanxing had an advantage in, and leverage Sanxing's strengths to quickly expand its influence. He valued the cultural and media field. The reborn knew that South Korea would be terrifyingly strong in this area in the future. Currently, the Korean wave was limited to East Asia, but soon it would expand to the whole of Asia, and then truly sweep across the world. The US President Sleepy Joe meeting Bullet Boys might sound like a joke, but it was a true reflection of the Korean wave spreading to developed countries in Europe and America...

"Of course not, it's just..."

Li Shuo shrugged and said very sincerely, "Unlike most capital, my success actually has a huge element of chance, so I don't really have much ambition to make money. The capital I have at the moment is enough for me to squander, so I don't really want to develop Shuoguo Construction into the industry leader or make a lot of money..."

"It's not that I don't want to make money, it's just that making money isn't my primary goal. Right now, I just want to enjoy life in a relaxed and leisurely way, and incidentally do some things that interest me. For example, I want to enter the South Korean media and entertainment industry. Shuoguo Entertainment urgently needs support in this area, and this company is my current focus..."

Lee Se-ki didn't quite understand, so he turned to look at his side. Lee Geon-myung, the head of the General Affairs Department of Samsung Group, immediately explained in a low voice: "The Sukkwong Group has many subsidiaries in South Korea, among which Sukkwong Construction has developed the best. Through the operation of multiple credit and asset-backed strategies, Sukkwong Construction's total assets have now exceeded 1 trillion won..."

"Shuoguo Entertainment, on the other hand, has remained relatively quiet, and including its subsidiary SN Entertainment, its total assets are likely less than 1000 billion Korean won..."

"I think what Chairman Li Shuo meant was that his first priority was his own interests, which is why he chose the second cooperation condition at will, rather than simply valuing profits and blindly choosing the first cooperation clause."

Although the words were quite clear, Li Shiji was still somewhat incredulous. He asked, "Isn't Shuoguo Construction a company that was only established this year? In just a few months, its assets have already exceeded one trillion?"

Even within the Samsung Group, companies with a scale exceeding one trillion won are rare.

Li Jianming replied, "Shuoguo Construction was established at the end of last year and follows an operating strategy of extreme leverage. Of its assets of up to 1 trillion, at least half are liabilities."

Li Shiji was immediately stunned. Unlike ordinary people, he did not think that a company's market value should be total assets minus liabilities. It was a skill for Shuoguo Construction to have so much debt, but high leverage operations generally cannot last. It was unimaginable that Shuoguo Construction could reach 1 trillion in assets.

Just then, Li Shuo added leisurely, "Sanxing's intelligence department is indeed impressive; they even managed to obtain internal data like ours. However, we are, after all, a newly established company, and your intelligence is somewhat outdated: the latest data from Shuoguo Construction shows a debt ratio of just over 80%..."

"80%?"

Li Shiji frowned deeply, but Li Jianming beside him explained again: "Because real estate companies in China need to complete land development quickly, their cash flow is very fast, so they generally have a high debt ratio. The industry average is around 60%, and some companies have reached over 9%..."

Li Shuo coughed and reminded them, "Most real estate companies in China focus on real estate development, while Shuoguo Construction's main business is real estate brokerage..."

The former naturally has a higher debt ratio, while real estate agents may not even need to have any debt at all.