We are all reborn, who wants to be the richest man?
Chapter 773 Generous Gift
In 1996, at the Far East Department’s opening annual meeting, what policy did Luo Nianzhong set for the year?
Stabilize and consolidate.
This stability not only refers to internal stability, but also includes stability in the surrounding areas.
This consolidation is not only the consolidation of product market share, but also the consolidation of surrounding control.
To put it bluntly, before you can resist foreign aggression, you must first stabilize the internal situation and lay a solid foundation for yourself before you can exert your greatest strength.
So Luo Nianzhong’s first stop was South Korea, to solve the problem of the Li family.
This not only affects the Li family, but the entire peninsula.
"How about it, tell me your judgment."
At Zhang Shanhui's residence, on the second night after Luo Nianzhong arrived in South Korea, he met with Cui family leader Cui Zhongxian and his son Cui Taiyuan.
"Neither resist nor be aggressive."
This morning, Choi Jong-hyun hosted a banquet for Lee Kun-hee according to Luo Nianzhong's instructions, with the purpose of testing the Lee family's attitude towards him.
It would be best if we could take down the Li family without bloodshed, but now it seems that there will definitely be some price to pay.
"Lee Kun-hee is waiting for you, Mr. Luo, to make a move. On the surface, he does not refuse to be attached to him, but it is impossible that he is asking for benefits without knowing the reason, and he also wants to see the weight of these benefits."
"Benefits? I think you are just trying to whet our appetite and drag me along."
Luo Nianzhong understood that Lee Kun-hee was just pretending to be submissive. If the benefits came, the Lee family would be willing to submit, but the price would be too high. For example, they would have to give the other party the most advanced panel technology, allowing Samsung to become the dominant force in the panel industry.
This is just one of the conditions. If things go well, it is possible that the Lee family will once again become the largest family in South Korea.
Lee Kun-hee knew that Luo Nianzhong would not exclusively support Samsung, and everyone knew that eggs cannot be put in one basket.
So in essence he is just dragging his feet and trying to develop in the cracks.
"I heard that Samsung's panel industry has made new technological breakthroughs recently."
"Oh?" Luo Nianzhong was a little surprised. "I remember that Samsung's four-line factory is under construction and it will be put into production next year. Now there is a new technological breakthrough. The R&D speed is pretty good."
He glanced at Choi Jong-hyun across from him with a hint of meaning, and asked calmly, "I heard that SK is also planning to increase its investment in the panel industry?"
In 1968, LCD liquid crystal technology was born in the United States. It was developed by RCA, a company acquired by Far East in its early years.
However, the United States did not achieve industrialization in this field. Instead, the island country's enterprises intervened and developed LCD liquid crystal technology.
Although Far East later acquired RCA and Yuehan Technology emerged, the island country's panel business still ranks first in overall market share.
As for South Korea, it has seen the great success of the island country's companies in the panel industry, so it has also set its sights on this field.
Since the mid-to-late 80s, Samsung, LG, Hyundai, SK, and even Daewoo Group have entered this industry.
Samsung was the first to enter the market. When Far East supported SK to enter the memory chip industry, Samsung realized that it could not catch up and focused on developing the panel industry.
In 1984, Samsung entered the panel industry and has been the most successful South Korean panel manufacturer over the years, and is considered internationally advanced.
But history changed with the arrival of the Far East, and the decline of the island country's panel industry occurred ahead of schedule.
One aspect is high-end. At this time, the high-end panels on the market are more recognized by the brand of Yuehan Technology because of the popularity of Far East Industries.
As for the low-end field, with the development of South Korea's panels in recent years, the domestic industry supported by Far East Rabbit has been defeated by the island country's low-end panels with the advantage of price war.
The shrinking market share and sharp drop in profits have naturally affected the investment of island companies.
So Samsung caught up and has already developed the most advanced fourth-generation line in terms of technology, but the factory is still under construction and has not yet been put into production.
Speaking only of the panel industry, South Korea's Samsung is now the dominant player.
Other South Korean companies want to catch up? No hope.
Panel technology is updated and iterated very quickly, and they cannot keep up with the high-end ones.
At the low end, mainland China's domestic products obviously have more cost advantages, so Luo Nianzhong does not want SK to continue to delve deeper into this industry.
Even if there were no Far East reasons, except Samsung, all other panel manufacturers in South Korea ended up in failure, let alone now.
"Yes, Samsung's development has shown us the possibility. The mid-range market in the island country is still very attractive."
He didn't say anything high-end because he was afraid that Luo Nianzhong would not like it.
Yuehan Technology’s technology is leading, but it is only half a generation away.
Besides, Yuehan Technology is not the only company that can produce 4.5-generation lines. However, the manufacturers in the island country are latecomers and their stability is questionable. In addition, they are driven by the popularity of Far East.
You should know that Yuehan is a supplier of panels for Far Eastern companies, and this is its biggest drawback.
"Give up, there are no more opportunities in this industry."
There are opportunities, for example in mainland China, but that requires the whole country's efforts to develop.
In the next twenty years, new entrants will have no chance of breaking through.
"No problem, I'll listen to you, Mr. Luo."
Cui Zhongxian was decisive because he was very sure that Luo Nianzhong would not harm him.
To some extent, the Choi family, SK Group and the Luo family prosper together.
Because the Cui family has no bargaining chips for betrayal, and the Luo family needs the Cui family to cheer for it in South Korea.
It was a rare opportunity to come to South Korea, so Choi Jong-hyun and Luo Nianzhong chatted for a long time and even had dinner here.
At the dinner table, Luo Nianzhong looked at Cui Tae-won, who was silent and behaving strangely, and asked.
"I heard that you have a high profile in the entertainment industry, and you're having a hot relationship with Kim Hye-soo recently?"
Kim Hye-soo, the new leading actress in South Korea, is currently the top star.
She has an outstanding figure and appearance, and her acting skills are also very good.
In his previous life, Luo Nianzhong had seen some of her movies when she was older. How should I put it, South Korean Xu Qing?
"It's all written by the paparazzi, but Kim Hye-soo does have a pretty face. If Mr. Luo likes it, I can do it."
"Well, Chairman Cui, try the soft-shelled turtle, it's very nutritious."
Choi Jong-hyun blushed at Zhang Shanhui's voice, and thought he had forgotten the other person's existence.
Luo Nianzhong also heard that Zhang Shanhui compared Cui Zhongxian to a pervert, glared at her and then looked at Cui Zhongxian.
"Chairman Cui misunderstood what I meant. What I wanted to say is that it is natural for young people to pursue beauty, but sometimes they still have to pay attention to the impact. Don't forget that you are a married man."
The last sentence was said to Choi Tae-won, who was so scared that he stood up and repeatedly expressed that he understood.
"Mr. Luo, do you want to say that some people are already dissatisfied?"
"That's right, so no matter what you're like in private, I have to save face."
Choi Tae-won's wife is the daughter of the previous president, Su Tae-woo. Now this guy and his elder brother Chun Doo-hwan are both in custody, waiting for approval.
At this time, not to mention that you as a son-in-law are not contributing, you are actually attracting other women outside. Naturally, many people are dissatisfied.
They will think about themselves and what will happen to them when they are down and out one day.
"But he..."
"But he is no longer of any use?" Luo Nianzhong didn't think so.
“Corruption, isn’t this an open secret in South Korea?
Whoever it is, they may face this crime in the future. We cannot cross the river and burn the bridge, as so many wavering people are watching."
"I see." Choi Jong-hyun nodded to show that he understood, then looked at his son.
"When you go back, help your father-in-law find a good lawyer. It would be best if you can spend one day with your wife every week. I will arrange for the media."
Cui Zhongxian was very understanding, so Luo Nianzhong felt relieved.
At this time, his thoughts had already reached Hong Kong Island, because there was a generous gift he had prepared for Samsung.
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