In this life, because of Henry's existence, Williams Electronics has developed into the world's top electronic product company! And the zero-sum market has determined that if one party makes more, the other party will make less, or even lose money.

As a result, Samsung Electronics is far less powerful than Samsung Electronics in its previous life.

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

In 2003, three companies under Samsung Group entered the ranks of the Fortune Global 500 in the United States, of which Samsung Electronics ranked 59th, Samsung C&T ranked 115th, and Samsung Life Insurance ranked 236th.

However, now Samsung Electronics is being suppressed by Williams Electronics, Samsung C&T is being suppressed by Global Land, not to mention, Samsung Airlines is being beaten by SpaceX......

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

With the advent of the Asian financial crisis, Samsung's massive loss of talent has dealt a major blow to the company's future development.

In addition, the current Internet bubble has just ended, the market is very sluggish, oversupply, except for the first round of Williams electronic products price cuts, sales are huge, other companies' products sales are not good, can only be stored in the warehouse, which has caused huge losses to Samsung, LG, Sony and other companies.

Not only did electronics not make money, but they also lost money, and Lee Kun-hee was so angry that he threw a lot of things in the office.

Samsung was originally only selling non-revenue assets, but now, it has to sell high-quality assets to keep Samsung Electronics growing. At the same time, in order to be able to retain talents, Samsung has to increase its salary!

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

In order to further curb the development of Samsung, Henry decided to buy a Korean company on the one hand, and establish a company on his own, attack the Korean market, smash Huanglong, and end its base camp, and see how it can rise in the future!

The Asian financial crisis has hit the banking sector severely. The frequent collapse of the First Bank of Korea is a piece of fat, and major companies in Europe and the United States will pay attention to it, especially the New Bridge Capital Group of the United States, which is very interested in acquiring the First Bank of Korea.

However, Henry also fell in love with the First Bank of Korea, which was already meat on his plate, and no one wanted to rob it!

Although the First Bank of Korea is called the No. 1 bank, it is not the largest bank in Korea, but it is ranked eighth. The name is good, just enough to hang, isn't it easy to become the largest bank in Korea? It won't be long before it happens

On January 11, 2005, Standard Chartered Group paid US$3.3 billion in cash to acquire the entire equity of First Bank of Korea, and at the time of the acquisition, the total assets of First Bank of Korea were about US$44 billion, and there were a total of 394 branches in various places. If Henry buys it now, it will be a billion dollars.

The American Newbridge Capital Group invested $380 million to acquire 48.56 percent of the shares of the First Bank of Korea, while Henry directly offered a $1 billion wholly-owned acquisition! The American Newbridge Capital Group saw Henry participating in the competition and finally chose to withdraw. There is another thing that makes Newbridge Capital Group quite jealous.

Warren Buffett and Henry also snatched Wells Fargo, but later, in a fit of anger, Henry threw away all the shares, causing the stock price of Wells Fargo to plummet, and Buffett and Berkshire Hathaway lost more than $4 billion, and became the laughing stock of the United States for a while! Buffett's face turned blue at that time, and he scolded Henry for completely hurting others and not benefiting himself, and if you throw it slowly, it will not cause an avalanche in the stock market, but if it is all thrown away all at once, it will inevitably cause panic among stockholders, and the stock price will plummet all of a sudden, and Henry himself will lose money!

But Henry shrugged his shoulders and smiled at the media reporters: "I'm happy, what's the matter? Besides, I threw it all away at the first time, and I didn't lose much, adding up to less than 100 million US dollars!"

For a while, Henry was associated with the phrases "rich and capricious" and "don't rob the company with Henry Williams, otherwise you won't pay for your life". The United States Newbridge Capital Group is also afraid of this, if you snatch stocks in the stock market with Henry, and then Henry comes to sell them all, should you cry or cry!!

Newbridge Capital Group's acquisition of First Bank of Korea is just to make money...... Wait for the economic situation to improve, and then sell it. It's not here to get angry with Henry and do a loss-making business!

The Newbridge Capital Group of the United States, which has the most strength and the most willingness to acquire, announced its withdrawal, and naturally Henry bought the First Bank of Korea very smoothly! There is a bank in South Korea, and if Henry has a company in South Korea, it will be convenient to raise funds, and at least the economy will be guaranteed!

After buying the First Bank of Korea, it was naturally a non-stop expansion. There are a lot of banks that have failed, and at this time it can be said that there are fast hands and slow hands, and countless European and American companies have killed them, and everyone is hunting for food to see who is fierce and fast!

The First Bank of Korea blessed Williams with a halo, and suddenly became strong, and couldn't help but open 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, so it seems that it will not be long before the First Bank of Korea will really become the First Bank of Korea!"

Of course, the bank is only the first step. Next, Henry's target: CJ Corporation. CJ is Korea's largest food company with a portfolio of food and beverage business groups (including Daehee, Tous Les Jours, Het-Bahn instant rice, etc.), biotechnology and pharmaceutical business groups, new distribution business groups, and entertainment and media business groups......

The reason for the acquisition of CJ was that CJ CJ had great development potential, and secondly, in 1995, CJ CJ and director Spielberg and others jointly established DreamWorks SKG, thus starting the film and television business, and CJ became Korea's No. 1 film company with great development potential. Galaxy Films' DreamWorks, which owns 25% of DreamWorks SKG. So, as the saying goes, it's good to know people!

Another reason is that CJ used to be a subsidiary of Samsung, and in 1993 CJ became independent from the Samsung Group and established its own business system. The acquisition of CJ symbolizes Henry's determination and sign to launch an attack on Samsung!!

Because of his DreamWorks relationship, Henry soon contacted CJ and proposed to buy it. In the midst of this financial crisis, CJ has struggled. Henry said, "Since we are partners and know each other very well, I can't bear to see CJ have such a hard time." In this way, I invested USD 6 billion to acquire a 75% stake in CJ and help CJ through this difficult time!

(To be continued.) )