312 Mr. and Mrs. Daewoo
Although Hyundai is the largest consortium in South Korea today, in fact, before Daewoo went bankrupt, Daewoo Kim Woo was definitely the man of the year in the whole of South Korea, and even the existence of being able to sit down with Hyundai Jung Joo-yong, the founder of the company is always particularly mysterious and legendary. Ancient and modern China and foreign countries are the same, such as the founders of the Rockefeller family and the Morgan family of the United States, and the founders of those ancient empires.
Samsung is operated by Li Bingzezhe and Li Jianxi father and son, and only then did it establish the prestige of the Samsung empire in later generations, but the Samsung flagship of later generations - Samsung Electronics is far from being famous and brilliant in later generations, and Samsung's strength today is still after Hyundai and Daewoo.
And Zheng Zhouyong and Jin Yuzhong are the founders of the group respectively, naturally, the status of the two is really one level higher than the rest of the chaebol giants.
Before Daewoo's bankruptcy, Kim Woo-jung had always been regarded as a hero by Koreans, one of the key figures in the rise of South Korea's economy and going global, and was known as South Korea's 'world business leader'.
For Kim Woo-jung, the entire Korean nation has a complex psychology about him, and most of the people worship him, and Daewoo, which he founded single-handedly, is the pride of the whole of South Korea before it goes bankrupt.
Even if Daewoo later went bankrupt and faced global wanting, in fact, Kim Woo-jung still has a large number of pumps in South Korea.
It seems that even Kim Woo-jung was sentenced in his previous life, and in many statistics, such as the election of 'who is the leading hero in the Korean economic field', Kim Woo-jung can always be at the forefront.
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"Hello, President King, it's a pleasure to meet you, I'm St. John Lee. Li Feng walked in front of the people, stretched out his hand, and after shaking hands, Li Feng said with a smile.
"Mr. Li, hello, I'm Jin Yuzhong, and it is also my honor to be able to meet a young talent like you!" Jin Yuzhong also smiled and stretched out his hand.
At this time, except for Jin Yuzhong himself and Li Feng, no one would have thought that Daewoo was already in the worst situation, although it had not yet reached the level of insolvency, but it was almost there, and even Jin Yuzhong himself had begun to secretly transfer assets.
Later investigations showed that from the beginning of '97 to the outbreak of the financial crisis, it became the direct cause of Daewoo, and eventually caused Daewoo to go bankrupt.
Originally, Daewoo's development was to use high debt and debt to expand globally, but when the financial crisis began, everyone gathered funds, and it was naturally difficult for Daewoo to raise enough development funds, and Daewoo's previous expansion caused by the company's operating funds was even more stretched.
By the beginning of October, Daewoo had no operating funds for the company, that is to say, now Daewoo is almost unable to operate normally, at this time Jin Yuzhong is also aware of the Daewoo crisis, but unfortunately, there is no way to recover the funds in the global expansion before.
At this time, Daewoo began to move towards the process of raising funds, repaying loans, and selling assets, and Kim Woo-jung began to raise money so that the company could operate normally, such as selling Daewoo's original 40 companies to only 12 core companies in less than two years.
On the other hand, he transferred some of the funds raised abroad through illegal means, and finally created a total of 99 trillion won in financial shady by fleeing in 99.
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Naturally, at today's scene, Li Feng doesn't see that Daewoo is going bankrupt at all, and the next thing everyone talks about is naturally commercial and economic issues.
Kim Woo-jung talked about Daewoo's factories around the world, the development of the automobile industry, etc., and also talked about Daewoo's five-year plan, giving people the illusion that Daewoo has no problems.
Yes, in '96, Daewoo, which was expanding wildly, put forward a five-year plan, such as the expectation that by 2000, the overall sales of the Daewoo Group would reach 170 billion US dollars.
To this end, the company will establish 650 production and sales bases around the world to form a global management network. From Asia to the Americas, from the Middle East to Africa, from Europe to the CIS, today Daewoo has nearly 300,000 employees worldwide.
I have to say that if there was no financial crisis, maybe Jin Yuzhong would have been able to realize the crazy ambition in his heart, but unfortunately, a financial crisis changed everything.
At this time, Li Feng stood aside from the perspective of the future generations and looked at the communication of everyone, and he had a feeling of God's perspective, quite a feeling that everyone was drunk and I was awake.
Among Daewoo's many assets, Li Feng values two major industries the most, one is Daewoo Automobile, Daewoo Automobile is sold all over the world at this time, South Korea and Japan's cars are famous for their high quality and low prices, and there is a complete automobile industry chain.
The second is Daewoo Heavy Industries, shipyards and other heavy industries, if you want to get involved in the heavy industry industry, it is almost impossible for Li Feng to get involved in the United States, and it has long been monopolized by many giants, and Daewoo Heavy Industries obviously gave Li Feng a chance to get involved in heavy industry.
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Just when Li Feng was thinking about how to successfully take over the two core industries of Daewoo Group from Daewoo, Li Fuzhen walked to the side with a noble lady: "John, this is Jin Yuzhong's wife, Jin Xizi." ”
"Hello, Mrs. Jin!" Li Feng greeted him with a smile.
"Hello Mr. Li, it has been rumored that Mr. Li is a new upstart in the global business world, and today I finally met him, and it is even more famous to meet!"
"Mrs. Kim is also a heroine among women, since I came to South Korea, I have heard all kinds of news about Mrs. Kim, and there is really no woman like Mrs. Kim in South Korea. Facing Jin Xizi, who politely praised him, Li Feng also praised with a smile.
"Mrs. Kim has always been my idol, John, you probably don't know, Mrs. Kim is also the chairman of the South Korean Hilton Group, and she can be regarded as your business partner, isn't it?" Li Fuzhen said again on the side.
"Oh... I have to introduce myself anew, I am also a major shareholder of the Hilton Group, and it seems that I will have more contact with you in the future. Li Feng's heart suddenly moved, and he greeted warmly again.
Before, when Li Feng was investigating Daewoo, he also had a simple understanding of Jin Yuzhong's wife, Jin Xizi is different from traditional Korean women, and women in South Korea generally become housewives as long as they get married.
But Kim Hee-ja is not, unlike the traditional wives of the Korean chaebol who 'don't go out of the door and don't step out of the second door', she is a rare strong woman who is active in shopping malls, and now she is the chairman of Daewoo's core industry 'bigger than the development company', and she is also the chairman of the South Korean Hilton Group.
With a woman's unique perspective, Kim Heeko has helped her husband provide many successful opinions in the development of Daewoo, and even within the Daewoo Group, Kim Heeko has great prestige.
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Later, Daewoo went bankrupt and her husband fled, and Kim Heeko also supported the Daewoo family, and after Daewoo went bankrupt, Kim Heeko regained her status in the business world and established the powerful Bill Goryeo Company, which became the last pillar of the Daewoo family's decline.
Of course, if the Daewoo family is all there is, it is underestimating others, and Kim Hee-ja is a top student in the art department of Harvard, so there is a huge collection of art at home.
It is said that after Daewoo went bankrupt, many auction houses and others started the doctrine of the Daewoo family's artwork and wanted to auction the Daewoo family's artwork, but in the end Kim Heeko refused everyone.
As the so-called emaciated camel is bigger than a horse, even if Daewoo goes bankrupt, the members of the Daewoo family can actually live a rich life that ordinary people envy, but they don't have that initial super status.
Looking at Jin Xizi who was communicating with him beside him, and Daewoo Jin Yuzhong a few steps away, Li Feng couldn't help but feel that who would have thought that Daewoo and Jin Yuzhong, who are still famous now, would end like this later.
"John, what are you thinking?" Just as Li Feng was thinking about it, Li Fuzhen on the side didn't remind him.