South Korea has paid a lot of money for the help of the International Monetary Fund, but it has also received strong economic assistance and, more importantly, created a good international economic and trade environment, which has also laid the foundation for South Korea's exports and economic recovery. In contrast, Taihu, which competes with South Korea in many economic fields and is even stronger than South Korea, is inferior to South Korea in terms of heavy chemical industry, and the economic and trade environment is not as good.

Due to political reasons, South Korea did not formally establish diplomatic relations with China until 1992, so the understanding of South Korea in China is not comprehensive enough, especially among the people. The financial crisis that broke out in 1997 was a great test for South Korea, and after the test of Tongguò, South Korea has already surpassed the other three of the four tigers in terms of overall strength. Of course, Singapore and Xingang have their own advantages, but as a small place, it is really difficult to compare with South Korea in terms of overall strength.

After the crisis broke out, after the adjustment in 1998, starting in 1999, South Korean enterprises began to gradually increase their investment and exports to China, and it was precisely by virtue of their gains in the Chinese market that they developed rapidly and completely extricated themselves from the economic crisis.

Xu Ruolin also understood what Bao Feiyang meant, and she asked with a smile: "You are doing this, is it called luring a wolf into the room?"

Bao Feiyang smiled: "That's right." But the wolf is coming after all, there are no Korean wolves, but also American wolves, Japanese wolves, and European wolves. And these wolves have already come in. Comparatively speaking, the wolves in South Korea are not as fierce as those wolves, and letting these wolves in can also help us grow. We can't be white rabbits behind closed doors, but we have to dance with wolves and even be hunters. ”

Tu Xiaoming nodded and said: "Feiyang makes sense to say this, I have been in contact with Korean companies these days. I have to admit that these companies are better than us in many aspects. The Korean award is limited, but the Koreans are not resting on their laurels. The domestic competition is very fierce, and the enterprises are on par with the international level in technology and management. ”

"But compared to companies in Europe, the United States and Japan. The penetration of South Korean companies is quite inferior, even the most powerful companies in China, such as Samsung, Hyundai and Daewoo, are not as good as the Japanese chaebols and the financial conglomerates of Europe and the United States, and as for other enterprises, it is better to cooperate. ”

Xu Ruolin smiled coquettishly: "Dare you look at Korean companies and look down on others!"

Bao Feiyang shook his head with a smile: "This is a bit too much, to say that enterprises, such as Japan and South Korea, have some companies that enjoy a good reputation in the world and are worthy of respect." Including Taihu, as well as some countries in Southeast Asia. Speaking of which, our performance in this area is much worse. Our company still lacks the experience to compete internationally, let alone excel. ”

"Could it be that Fangxia Ceramics Group is not an excellent enterprise in the eyes of Director Bao?" Xu Ruolin said.

Bao Feiyang shook his head: "Fangxia Ceramics Group has only been developing for a few years? Fangxia Ceramics Group has grown rapidly because of its unique technology and one or two advanced technologies, and there are not many such enterprises." But whether it can continue to grow, it depends on time to speak. In my opinion. It will take at least ten years for us to determine whether the enterprise of Fangxia Ceramics Group has a solid foundation. ”

"I agree with this, in fact, even if it is ten years, it can't be said that you can sit back and relax, you look at the bankruptcy of Hanbao Steel, Hanbao Steel is also a relatively high-ranking large enterprise group in South Korea, but suddenly it went bankrupt, giving people the feeling that it is very fragile. Tu Xiaoming said with emotion.

Xu Ruolin said: "This is also normal, modern enterprises are getting bigger and bigger, and they are increasingly involved in financial activities, and many enterprises are often operating in debt in order to pursue rapid development and expansion, and therefore face huge business risks." ”

Bao Feiyang nodded, in the general direction, technological progress allows human beings to continue to move forward, but finance is the most direct impact on driving and controlling this qiē. South Korea's and Southeast Asia's economy seemed to be prosperous in the first two years, but with the outbreak of the financial crisis, this qiē came to naught.

The global financial crisis always occurs every once in a while, and thus affects the cyclical fluctuations of the economy, which is the macroeconomic pattern.

From a micro point of view, corporate borrowing and financing are inseparable from the financial market. The rapid development of the new economy is inseparable from the impetus of venture capital. If an enterprise only relies on its own accumulation and rolling development, it will soon be surpassed, the power of capital can allow enterprises to plug in the sails and achieve rapid growth, but at the same time, the profit-seeking nature of capital is a double-edged sword, it can not only boost the development of enterprises and the economy, but also may be stabbed at a critical time. For example, after the outbreak of the Southeast Asian financial crisis, Europe, the United States and Japan withdrew a large amount of capital from South Korea, which objectively accelerated the speed at which South Korea's economy fell into the abyss.

Bao Feiyang shook his head, although he was in a hurry, at present, with Fangxia Ceramics Group and Tucker Oil Company of the United States as the core, plus the Tang family and the Huang family, which are closely related to the periphery, they can already participate in the local game of this kind of big event, but it is still far from being influential and dominant.

Just like this economic crisis, he knows the direction of the crisis, but there is no way to prevent the crisis from happening, even if he wants to change the direction of the crisis, he has no power to do it, and can only try to use the advantages of prediction to strive for more favorable returns.

"Well, you guys have been in Korea for so long, you should have discovered something, are there any good ones for me?" asked Bao Feiyang.

Xu Ruolin glanced at Bao Feiyang playfully: "Yes, yes, but you know that I am a consultant, and it is very simple to get my advice, just pay for it." ”

"Ruolin has been in Korea for a long time, and has been corrupted by the decadent ideas of capitalism, and now she talks about money when she opens her mouth, which is very good!" Bao Feiyang said with a smile: "But I want to check the quality a priori." You have a good point. There are rewards, not to put it badly, for your spending during your time in Korea. All on your own. ”

Xu Ruolin couldn't help rolling her eyes: "I think you are the fastest to become, as soon as you came to South Korea, you immediately became a capitalist." ”

Everyone made a few jokes with each other, talking about the harvest in South Korea during this time, Tu Xiaoming and Xu Ruolin had a lot of ideas. They unanimously agreed that South Korea has a strong presence in heavy chemical industries such as steel, shipbuilding, and refining, as well as in manufacturing industries such as automobiles and machinery. As well as electronic and mechanical products, they have certain advantages.

Many Korean companies are interested in investing in mainland China. However, they don't know much about the situation in China and have a lot of doubts. However, there are also some companies in South Korea who have a better understanding of the Chinese market, and they have either invested in China or are ready to invest in China.

"Korean companies that have already invested in China, are planning to invest in China, and are interested in investing in China. It can be roughly divided into cost-oriented and market-oriented. South Korea has developed rapidly in the past few years, with high domestic labor costs, lack of resources, land shortage, high operating costs of enterprises, and product prices losing competitiveness in the international market. Some Korean companies are interested in Huaxia's low labor costs, land costs, and raw material acquisition costs, etc., and they hope that investing in Huaxia can reduce costs. To enhance competitiveness, South Korea's Shanshui Group wants to produce middleware in Huaxia for such a purpose. Xu Ruolin showed the demeanor of a senior consultant at this time and analyzed for Bao Feiyang.

"Market-oriented means that some Korean companies are looking at the Chinese market. South Korea's commodity exports to Huaxia have grown rapidly in recent years, which has also made Koreans realize that Huaxia is a huge market. However, exports from South Korea face relatively high domestic production costs, coupled with high transportation costs, as well as tariffs, which makes the price of export products relatively high, which will affect the sales and competitiveness of products. It will also affect corporate profits. ”

"In order to expand product sales and occupy the market, some Korean companies are also interested in investing in China. For example, Samsung Group did just that. ”

"Most of the Korean companies that invested in China in the early days were cost-oriented, and now they are gradually becoming market-oriented, of course, cost is also an important factor for them, but the huge consumer market in China is what they value the most. ”

Tu Xiaoming smiled and said: "Ruolin's analysis is more thorough, we have discussed it before, many multinational companies are aiming at our Huaxia market. ”

Bao Feiyang said: "It doesn't matter, the market and labor are our advantages, Huaxia not only has a large population, but also has a relatively high labor force, and the labor cost advantage will become more and more prominent, and we have gradually become the world's factory." ”

Xu Ruolin nodded and said: "In addition, Korean companies have another characteristic, that is, they like to hold groups and get together. ”

Like the businessmen of the river, South Korean investors also like to hold together, which is actually a common feature of most investors, including the United States, Europe and Japan, many multinational companies have their own supply chain enterprises, and when an enterprise comes, it often has to drive a series of enterprises in the supply chain.

"This is a good thing, does this mean that as long as we successfully attract a company to invest in China, more companies will follow?" Bao Feiyang said with a smile.

Xu Ruolin smiled and shook her head: "On the contrary, because Korean companies are more willing to let familiar domestic companies provide support, which means that if you want to persuade a company to invest, you must also persuade most of the supporting enterprises of this company to invest together." ”

"Is that so?" Bao Feiyang looked at Tu Xiaoming.

Tu Xiaoming said with a smile: "Ruolin is not wrong, even if it is a leading enterprise, it will also consider the idea of supporting enterprises." ”

"Okay then!" Bao Feiyang nodded and said, "No matter what, for us, of course, the more companies we invest in, the better." ”

After eating, when he was about to leave, Tu Xiaoming suddenly remembered something: "By the way, there is something you probably don't know yet, Lu Dingyi, the deputy mayor of Tongcheng City, just arrived in South Korea yesterday, and you may be able to meet him." ”

"Lu Dingyi came to South Korea?" Bao Feiyang was a little surprised, Lu Dingyi is the executive vice mayor of Tongcheng City, and it seems that he is also the descendant of Governor Hong Ximing, Lu Dingyi must have a plan when he comes to South Korea.

Tu Xiaoming nodded and said: "Lu Dingyi first went to Japan, visited the Kawasaki Shipyard, and then came to South Korea, according to South Korean TV reports, Lu Dingyi will visit several Korean companies, including South Korea's Shanshui Group. In addition, Tongcheng seems to want to form a friendship city with the city of Fukuyama in South Korea. ”

"They don't mean to be drunk!" Bao Feiyang smiled and said, Fushan City is the heavy chemical industry base of South Korea, including shipbuilding, refining and other heavy chemical industries are in Fushan City. Tongcheng's desire to form a friendship with Fushan is very targeted: "Since Mayor Lu is here, then I won't go to Fushan City this time." ”

"Why, aren't you afraid that Lu Dingyi will poach the Korean Shanshui Company by promising better conditions for the Korean Shanshui Company? You must know that the location conditions and industrial foundation of Tongcheng City are better than those of Haizhou District, and they also attach great importance to the development of the shipbuilding industry. Xu Ruolin said in surprise.

Bao Feiyang shook his head: "We have already given our conditions, if the Korean Shanshui Company really wants to go to the Haizhou area, then we have no choice." We don't engage in vicious competition, and we cheapen these Koreans for nothing. ”

Hanseong is the capital of South Korea. It is the political, economic, technological and cultural center of South Korea, with an urban population of more than 10 million and 20% of the country's GDP. The Tokyo metropolitan area, with Korea as the center, has a population of 23 million, accounting for nearly half of the country's population.

As a cosmopolitan city. After eating, Bao Feiyang and others did not take the car, but walked along the street, chatting quietly.

"Shanghai is the highest in the modernization process of urban construction in China, but compared with South Korea, the gap is still obvious, but Shanghai is now developing rapidly. It may be able to surpass South Korea in the future. Xu Ruolin raised her hand and stroked the hair that was blown to her forehead by the wind, and said with emotion.

Bao Feiyang smiled and said, "Of course, what is the greatest wealth and resource of human beings? At least in terms of urban population, Shanghai has been able to compare with Hancheng. ”

Xu Ruolin glanced at Bao Feiyang with a low face: "Director Bao's opinion is really insightful. ”

Bao Feiyang said with a smile: "Not only that, Hucheng can absorb the best talents in China, and the potential is not comparable to Hancheng." ”

It's as if South Korea has an advantage in scale compared to the other three of the Four Tigers, compared to South Korea. Huaxia also has an unrivaled scale advantage. That's why Bao Feiyang said to Xu Ruolin that he just wanted to lure the wolf into the room. I am not afraid of the wolf of South Korea, because even if these Korean companies are allowed to enter the Chinese country, even if they develop very well, there is no way to occupy the Chinese market, and it is not even possible to dominate, after all, the domestic market in China is too big.

South Korea is a country that can develop under various conditions, but its inherent limitations are also obvious. Moreover, South Korea's biggest problem is that the North and the South are separated, and they are always facing the danger of war. For example, Hanseong is only 40 kilometers away from the border, and large-caliber long-range artillery can already hit it, including rocket artillery and short-range missiles, so South Koreans have always been nervous.

However, the situation in the north and south of the peninsula also shows the importance of reform and opening up in the country and development as the first priority.

Bao Feiyang rested in the hotel for a night, and from the next day, he made contact with some Korean companies. Because Tu Xiaoming, Xu Ruolin and others have been active in South Korea for a period of time, and they have done a relatively good job in collecting intelligence and laying the groundwork in the early stage, Bao Feiyang's choice is very targeted and efficient.

As Bao Feiyang predicted, Korean companies are very interested in investing in China, and one of the main reasons is that the domestic manufacturing costs are relatively high, and Korean companies have an urgent need to relocate labor-intensive industries abroad.

Bao Feiyang's interest in labor-intensive industries is not very large, although such enterprises and investments can also drive the development of the local economy, but ten or twenty years later, China will also face the need for industrial upgrading and migration.

Of course, Bao Feiyang will not refuse such an investment willingness, after all, the development is from low to high, without the drive of labor-intensive industries, there is no way to talk about the upgrading of economic industries.

However, his focus is on capital-intensive and technology-intensive projects, which are also vigorously developed and supported by South Korea, and are relatively much more difficult.

As the economic and political center of South Korea, Hancheng is the headquarters of many large groups, and Fukusan is the second largest city in South Korea, with industries such as textiles, petrochemicals, machinery, food, wood processing, aquatic product processing, shipbuilding and automobile manufacturing are relatively developed, especially shipbuilding, tires and other industries are ranked first in South Korea.

Bao Feiyang originally didn't want to go to Fushan City to avoid meeting Lu Dingyi, the executive vice mayor of Tongcheng in Fushan City, and he didn't want to give South Korea's Shanshui Group the opportunity to sit on the ground and raise prices because of the competition with Lu Dingyi.

However, he thought so, but some people didn't want him to be happy, Bao Feiyang had just finished negotiations with a South Korean company, Tu Xiaoming answered a phone call, and then came over and said: "The news from the Korean Shanshui Company said that it wanted to renegotiate some details of the project. ”

"Haven't we all talked about it?" Xu Ruolin said with a frown.

"Probably they think some conditions should be better!" Bao Feiyang smiled: "Did Mayor Lu go to the Korean Shanshui Company?"

Tu Xiaoming nodded: "Yes, when we arrived here in the afternoon, Lu Dingyi also went to the Korean Shanshui Company, which should have communicated with the management of the Korean Shanshui Company." (To be continued)