Chapter 122: The Final Battle (I)
The collapse of Weikai caused an uproar in South Korean public opinion.
Because of Ahn Junhyuk's comments, there are not many people who pay attention to this matter, so once the news of Weikai's bankruptcy application was confirmed, it spread quickly with lightning speed. Originally, in order to save the overall brand image, the government would most likely communicate with various media to dilute it, but at this time, all means were useless, and there was no longer the strength to cover the lid.
On the Internet, the indignation of public opinion is the most serious.
In the past for a long time, many experts and scholars have been maintaining Korean mobile phone brands, if a fair evaluation, many people may also be deceived, and some people, may understand a little bit of the severity of the situation, but in order to avoid panic, they have to be cautious in words and deeds, or, they have more, out of public reasons, but the premise that these reasons can be understood is that no one has sung Korean mobile phones before them.
On the day of the filing for bankruptcy protection, some information was disseminated through the Internet.
Each piece is shocking.
For example, as early as mid-2005, the management of Weikai had initially noticed the hidden dangers of the expansion model, but the strategy they adopted did not change, on the contrary, the management once again accelerated the pace of expansion, pinning the hope of solving the problem on the Chinese market, as a result, Weikai in that country failed miserably under the impact of Nokia, Motorola, and parallel mobile phones (copycats).
For example, in order to forge a fairly considerable sales answer sheet and stabilize the confidence of small and medium-sized investors, it has only been opened since last year. Continuously dismantling cash to a number of domestic financial institutions and operators, issuing additional shares, and achieving "profits" through financing, and in China, the same model is also applied, and some insiders revealed that only the loans that can be checked have reached as much as 500 million yuan.
From the beginning to the end, before it collapsed, its operational difficulties kept many creditors in the dark. The Chinese side. On the same day, the local court sealed the headquarters of Weikai China.
"It's a shame to be thrown abroad, and there have been reports on the Internet over there that only open the 'circle of money', this is the image of South Korea that we used to be proud of?"
An angry netizen. It is also an investor who holds only open stocks. In the theme of the presentation. He will launch an activist campaign to go to a sit-in in front of the headquarters building and submit an application to the relevant government departments. Prevent the passage of the delisting and bankruptcy filing.
“…… We can't accept the exploitation of a group of vampires in silence, they dare to deceive us today, they will dare to deceive more people in the future, in order to prevent more investors from turning their stocks into waste paper, in order to prevent this dishonorable enterprise from harming more people, we should take action to prevent it from evading its responsibilities by delisting and bankruptcy!"
The post received a lot of responses, with more than 10,000 online signatures in just one day, and three days later, on July 10, a protest procession of 400 people held a demonstration in front of the headquarters of Weikai, pushing Weikai to the forefront.
This is just a corner of public opinion, more people, as well as the media, in the initial stunned, and after the excavation of relevant information about Weikai, or silent, angry, or vitriol, turned their attention to other brands.
Ahn Junhyuk's comments have come into people's field of vision on a large scale.
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"The bankruptcy of Weikai has revealed a series of problems in Korean mobile phones, and various suspected measures to circle money before its bankruptcy have also cast a shadow of shame on Korean mobile phone brands.
A sharply worded article, published on the community in less than a day, rushed to the top of the weekly Naver search list with hundreds of thousands of views.
The author of the article pointed out that "Korean mobile phone brands have failed to live up to the trust of the people."
Previously, Ahn Junhyuk had predicted that the Korean mobile phone will encounter a predicament, perhaps more serious than the Japanese, his point of view is that in addition to Samsung and LG, many Korean mobile phone brands have extremely weak technical reserves, the mobile phone industry is a technology-intensive industry, in Europe and the United States mobile phone integrated production chain comparison, these brands pay patent fees, spare parts procurement costs, is a great drag, simply unable to resist the impact of the European and American mobile phone price war, once sold, If there is a problem with funding, these brands will collapse like an avalanche...... Not many people believed it before, but now it seems that his prophecy has come true. ”
"What makes us incredible is that before Ahn Joon-hyuk, many professionals were optimistic about the future of Korean mobile phones, and they concealed the difficulties of various manufacturers in their operations, and shifted the public's attention to the future 3G era. They tell us that the difficulties of Korean mobile phones are temporary, that the failure of GSM does not mean that it will fail in CDMA, and that they have piled up a beautiful prospect for us with lies, but today, it is all shattered......"
“…… The fall of Weikai makes me wonder how much these manufacturers and professionals have concealed in the past? How many investors have happily fallen into their money-trapped? How many consumers like you and me have built products with lies? Weikai has fallen, and hundreds of thousands, millions of its users have since become rootless duckweed, spending licensed money to buy parallel products that no longer have any guarantees, I want to ask, who is next?"
The series of questions in the article exhaust people's worries and grievances.
As Ahn Junhyuk's comment, Pan Tai, which is listed alongside Wei Kai, became the next target in the "prophecy" of the author of the article, in which he launched an initiative to ask Pan Tai and other manufacturers to play the role of public companies, release real financial data to the outside world as soon as possible, and convene a general meeting of shareholders to elect a new board of supervisors to serve small and medium-sized investors, and investigate the company's operations.
These questions and demands have aroused extensive discussions in the society, and in the professional economic field, experts and scholars are stunned to see that a crisis of trust, which cannot be stopped by any force, is rapidly forming with people's discussion and dissemination!
On July 10, the day of the demonstration in front of the headquarters of Weikai. Pan Thai and other companies, the stock price fell in response!
……
"Crisis of confidence...... This is the purpose of Ahn Junhyuk's words through the mouth of the interview!"
It's still Walkerhill, looking at the latest news, Choi Tae-won said lightly, at this time, there are not only Choi Yong-heng and Seo Jin-woo, but also many SKT high-level executives, and what is going on is an emergency countermeasures meeting.
"If it weren't for him, he would be more talkative. The impact of bankruptcy. It won't be as big as it is now, and the government understands how traumatic the chain reaction of Weikai's collapse will be to Korean mobile phones, if it weren't for the public opinion that Ahn Joon-hyuk guided at the beginning. Most of the media have been informed by now. Deliberately downplaying the news...... This young man. The attack was really ruthless and accurate, not sooner or later, when the National Construction Fund issued the most difficult ultimatum to Weikai. Single-handedly leading the debate, and then passing an established fact that cannot be changed, pushing the mood of the people to the opposite side of the brand manufacturer. ”
"For the sake of Pan Tai, he really took great pains!"
Listening to his analysis, everyone in the audience looked at each other.
If these analyses are true, then they were really unjust when they were defeated by Ahn Junhyuk in the past, and they can use limited information to this extent, this kind of person is really terrifying!
After a moment of silence, looking at Choi Tae-won's silent figure, Xu Zhenyu asked on behalf of everyone, "President, what should we do next?"
No one asked Ahn Joon-hyuk why he wanted to target Pan Tai, which was something that didn't need to be thought about at all, but it was SK Group's cross-shareholding model that laid the foundation for today's events.
In order to avoid sanctions from the Ministry of Information and Communications and the Fair Trade Commission, SKT transferred its mobile phone company SKTT to Pantech, and then through SK Commercial and SK Co., Ltd., it controlled the equity of the parent company of Pantech Group, and continued to firmly grasp the terminal manufacturing industry, and as compensation, and in order to better cooperate with hardware implantation applications and occupy the mobile music market, SKT transferred the ownership of Melon and its YMB Seoul Records to SKTT, which is 60% owned by Pantech.
As early as after discovering that Ahn Junhyuk's target was a digital music platform, SKT's relevant departments speculated that the other party might set its sights on Pan-Thai in order to complete the unification of the digital music market, because at that time, Melon was already subject to J.H's antitrust investigation application and could no longer transfer ownership for the time being.
However, because of Fantai's capital background and market value, the analysis department believes that this possibility is very small, and no one expected that Ahn Junhyuk would take the opportunity of bankruptcy to set off such a wide-ranging crisis of trust that almost affected the entire mobile phone manufacturing industry.
Between hands, the clouds and rain are overturned!
Sitting in a group of silent executives, Cui Yongheng's face is also ugly, these days, because the opponent is Ahn Junhyuk, he has followed the whole process to understand the evolution of public opinion in the outside world, but the deeper he understands, the more terrible he feels about the "actor" he once despised and humiliated.
But more than that, I'm still unwilling.
Why is Ahn Junhyuk at the same age able to plan so much, and he can only be a loser, and he is not even qualified as a foil?
Choi Tae-won admires Ahn Jun-hyuk very much, and in the past two days, when he occasionally explained to Choi Yong-hyuk, he asked him more than once to learn from Ahn Jun-hyuk, but the more this is the case, the more Choi Yong-hyung can't accept the reality that he is not as good as Ahn Jun-hyuk.
At this time, seeing that many executives did not speak, they couldn't help but say: "Isn't there no way to control him? What kind of crisis of confidence did he engage in this time, not only for Pan-Tai, but also for almost all mobile phone manufacturers, we can contact these manufacturers to fight against Ahn Junhyuk together!"
Then he noticed that the eyes of those people looking at him began to become strange, like ...... Looking at an idiot!
Xu Zhenyu, who was sitting next to him, coughed lightly and said in a low voice: "It's not when, the number of people is large, now those companies are too busy to take care of themselves, and they do have serious internal problems, similar to the situation of Weikai, if we contact us at this time, not only will we not get help, but I am afraid we will also cause a commotion." Besides, with the capital behind Ahn Joon-hyuk, apart from Samsung and LG, which manufacturer can beat him? When he first made a comment, he took Samsung and LG out of the picture. (To be continued......)