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Lee Jae-so is also deeply aware that Kumho will be a strong rival to Samsung in the electronics industry. Pen % fun % Pavilion www.biquge.info

In July, fresh graduates from colleges and universities around the country left school one after another, and the number of fresh graduates in China exceeded the one million mark this year, providing Chinese enterprises with high-quality and cheap human resources, and Lee Jae-so has always believed that it is one of the key factors for the rapid growth of Chinese enterprises.

The fact that other Kumho companies in the Kumho system have received little media attention has to do with the control of public opinion within Kumho, but the IDA Group's recruitment plan was hyped by the media long before it was launched a year ago.

The number of new graduates of AIDA Group this year will reach 5,000, becoming the largest number of fresh graduates in China and attracting wide attention. Of these, 2,000 will go to Oak Park, Kumho's core R&D facility.

Different from the graduates recruited by other Chinese high-tech enterprises, Oak Park was the first to create a dual-tutor training mechanism in Jianye and local universities, introducing outstanding students from information engineering, microelectronics and other related majors to Oak Park's laboratory for internship during the school period, and the middle and senior R&D personnel hired by Oak Park with high salaries as the second tutor for academic and technical guidance, which greatly makes up for the lack of Chinese universities in cultivating high-end technical talents.

With the establishment of branch research institutes in other central cities, Oak Park has naturally brought over the dual-mentor training mechanism.

More than 60% of the 2,000 new recruits in Oak Park are fresh graduates trained by the dual tutor system, and they have actually completed the training of junior researchers during their time at the school.

Previously, Oak Park had only 4,000 formal researchers, but this dual-mentor system, which resembles a farming mechanism, makes Oak Park's actual staff far exceed Kumho's official figures, and often makes the outside world underestimate Kumho's R&D strength. Lee Jae-so has been staring at Kumho for most of the year, spending most of his time in Jianye for the past two years, pondering some of Kumho's mysteries, and also using some unpopular means to spy on Kumho's trade secrets, knowing that Oak Park submitted more than 2,600 invention patents in China in the first half of this year, and more than 800 invention patents submitted overseas.

In fact, since Kumho independently developed the baseband chip technology for digital mobile phones, there are special international analysts who have begun to pay attention to Kumho's R&D strength, but after all, Kumho is a newly emerging technology company, and there is very little publicly disclosed data and information; Maybe Kumho did it on purpose. Although the disclosure of these data and information can increase the influence of Kumho's brands, the shaping of brand and goodwill is a rather complex system project, and the so-called excessive is insufficient, and Kumho is still very good at doing so.

Unless it's like Lee Jae-so staring at Kumho with one eye open, it's hard to know the details of Kumho clearly.

In fact, Kumho's "100 Talents Plan" has recruited nearly 1,000 middle and senior technical personnel, including the middle and senior experts introduced by Sinochip. Kumho paid more than $100 million in additional benefits for this alone.

In a public outreach to the outside media, AIDA claimed that the entire Oak Park research system was budgeted at $400 million this year. It is expected that the sales revenue of Aida Group in 2,000 years will exceed 30 billion, and the proportion of R&D investment in sales revenue will exceed 10%, which is already the level of technology investment in world-class science and technology. Even if Samsung Electronics has always been willing to spend a lot of money on R&D, the R&D budget for 2,000 years only accounts for 8% of sales revenue.

Even though some analysts pleadedly believe that Kumho's commitment to technology research and development has been overestimated, Lee knows that the $400 million R&D budget is just a smoke bomb from Kumho. He has analyzed the separate financial data of AIDA, Kumho's investment in the research and development of the electronics industry is likely to exceed 400 million US dollars last year, and the investment in the research and development of the electronics industry this year may even exceed 800 million US dollars, which does not include the investment of the listed company AIDA Electronics in the field of disc machine and the research and development of new wafer process of Sinochip Microchip.

Because Kumho Corporation undertook the heavy responsibility of Kumho's overseas financing, Kumho Sho had to release some core financial data that had been rigorously reviewed to the financing target, Samsung's intelligence search department was quite competent, and the product data of the Aida Group was difficult to conceal, so it was not difficult to estimate the actual cash flow that the Aida Group could actually obtain.

Even if there will be a considerable part of the overseas profits to Kumho Corporation, but the Aida Group has made more than $500 million in profits in China's mobile phone market in 99 years, and the increase rate this year is expected to be no less than 50%, plus the Aida Group still has a lot of hidden income, and the inflow of cash flow will be very huge.

Lee Jae-so noticed that Kumho is very strict in ensuring that the inflow of funds is for the use of AIDA Group itself, and many Kumho member companies such as Century Kumho, Shin Kong Paper, and Shengxin Electric have received financial support from AIDA since 98 years. On the other hand, AIDA Group has always been conservative in its investment in factory entities, just as AIDA has sold more than 10 million mobile phones this year, while its factories only plan to expand their mobile phone production capacity this year is only 8 million units, so it is still possible to estimate Kumho's real budget for research in the electronics industry.

Before Kumho, it can also be said that among those who do not know enough about Kumho, it is difficult to imagine that a Chinese company has such a magnificent determination, or even ambition, to invest in the R&D system.

The point is that Kumho is too profitable in consumer electronics, and even such a high proportion of R&D investment will not cause much financial pressure.

Kumho's ambitions in the electronics industry are really appalling, Lee Jae-so was heavy-minded, sat forward slightly, patted Kim Nam-yong on the shoulder, and asked, "How ambitious do you think Kumho is, is it aiming for our Samsung or Sony?" ”

For 2,000 years, Sony is still the natural king of the consumer electronics industry; Lee Jae-so boasted that Samsung Electronics was already very strong, but at this time in front of Sony, he could only bow down, even Sony, before competing with Kumho also had the defeat of the disc machine movement, at this time in the portable music player market, especially the portable digital music player market is also declining.

Kim Nam-yong did not answer Lee Jae-so's question, now anyone with a discerning eye can see Kumho's ambitions in the consumer electronics industry, China's No. 1 consumer electronics company is far from satisfying Kumho's appetite, he said: "I think Kumho has already laid out on TFT-LCD, I collected a list, and found that Kumho has consciously recruited resignations from the modern semiconductor LCD department since the Asian financial crisis in 97, and its '100 Talents Plan' has also recruited a number of top experts in the field of LCD technology... … Kumho's crystal screen electronics produces STN liquid crystals, but in the entire LCD industry, STN technology is facing obsolescence and has a fairly limited development prospect, which is not worth such a large-scale and generous investment. Kumho's offer to Hyundai Semiconductor to acquire its TFT LCD division was quite sudden for the industry, and I thought Kumho might have been ready for it a long time ago. ”

"Oh?" Lee Jae-so said, "Tell me your guesses." ”

"I suspect that Kumho has mastered the technology related to TFT, even if Kumho unexpectedly announced that it has mastered the baseband technology of mobile phones, the biggest possibility now is that Japan and many of our HG companies have been in the TFT LCD industry for many years, and there is a patent trap that Kumho can't get around, and they may buy the LCD division of Hyundai Semiconductor just to buy an entry ......card," Kim Nam-yong said.

"What do you think?" Lee Jae-so sat up straight, this speculation is very different from the previous prediction, it was predicted that Kumho must rely on HG's R&D and production system after acquiring Hyundai Semiconductor's LCD division, Kumho's R&D and production system is not a simple matter if it wants to completely integrate HG's R&D and production system, even if Kumho's acquisition is successful, it can still set a lot of traps, if Kumho has long been technically ready, this time only for an entry card, it means that Kumho's dependence on HG LCD R&D and production system is minimizedIt's hard to do anything afterwards.

"It's very likely." Kim Nam-yong said.

"They have such a big determination, do they firmly believe that TFT liquid crystal technology will eventually suppress plasma screen technology?" Lee Jae-so asked.

"If Kumho had been chasing Samsung or Sony from the beginning, he would have no choice between TFT LCD technology and plasma screen technology...... Kim Nam-yong said.

Lee Jae-so nodded, knowing what Kim Nam-yong meant. There are technical difficulties in TFT LCD in large screen, but there are technical difficulties in plasma screen in small screen, Kumho is still taking mobile phones as the core industry, in the selection of crystal screen technology, it is a natural choice to choose TFT LCD technology that is easy to actually small screen.

"Even so, there's no way to stop it." Lee Jae-so sighed softly.

"If Hyundai Semiconductor knew that this was Kumho's bottom line, it might have some effect......," Kim said.

"Well, you can help me contact Park Jin-chang immediately, and no matter what the real situation is, you should also convince Park Jin-chang that there is such a possibility......," Lee Jae-so said.

In the past, the creditors behind Hyundai Semiconductor served for a long time, which would cause the depreciation of tangible and intangible assets such as LCD production lines and liquid crystal technology, so there was also an expectation that the transaction would be facilitated as soon as possible. If they are convinced that Kumho is not greedy for the R&D and production system of modern semiconductors, only the entrance card is of critical value to Kumho, and the risk of delay is relatively minimized.

Samsung hopes that Hyundai Semiconductors will drag on for a while.

The secretary ran over and whispered that Lee Jae-so called again shortly after he left, and Park Jinchang was puzzled, so he quietly left the scene and went to the study next door to answer Lee Jae-so's call.

Seeing Park Zhenchang walk into the next room to answer the phone, Zhang Ke turned his head slightly and whispered to Zhang Yaping: "These vampires are really hard to pass ......."

Zhang Yaping smiled, he sat at an angle that could see Park Zhenchang talking on the phone through the crack in the door, although he couldn't hear what he was talking about, but he saw the hesitant snooping on his face, the call seemed to be related to them, and told Zhang Ke in a low voice: "I don't know if I got the information that is unfavorable to us temporarily, his eyes are a little vigilant." ”

"......" Zhang Ke narrowed his eyes slightly and said quietly, "I already have the consciousness to knock them out." I thought about it, and it is not impossible for them to raise the purchase price again, but we also need them to put themselves in our shoes to consider the financial pressure, I think they always need the ...... of customers who do finance."

Zhang Yaping nodded, and in the established plan, it was mentioned that part of the acquisition funds would be provided by several creditor banks led by Chaoxing Bank, and if the other party raised the purchase price, they could ask the creditor banks to increase the loan amount to offset the financial pressure. As for the mortgage required for the mortgage, it is completely possible to use the acquired fixed assets as collateral.

Park Jinchang couldn't be sure of Lee Jae-so's judgment, after all, it was impossible for Lee Jae-so to hold the relevant information and data collected by Samsung's intelligence search department in front of him. Park Jinchang even suspected that Lee Jae-so was trying to maliciously sabotage the deal, and he had every reason to believe that Samsung's people would do so; Of course, the possibility that Lee Jae-so said does exist. Kumho's quiet research on the baseband chip technology of mobile phones is surprising, you must know that Samsung Electronics has twice failed in the face of baseband chip technology.

Park Jinchang will not immediately test Kumho's tone, after all, he can only represent Hanheung Bank, and this time he wants to borrow a character from Beijing to see the young shadow hidden behind Kumho, which is privately admired by Lee Kun-hee, who is regarded as the god of management by the people of HG.

Thinking of Lee Jae-so's visit, the corners of Park Jinchang's mouth couldn't help but smile, and it was really not a good thing to give Lee Kun-hee appreciation. Although he heard some rumors about the young man in front of him before coming to Beijing, Park Zhenchang was prepared, but after seeing Zhang Ke, his heart was still shocked.

Park Jinchang, like many HG people, has a bit of a personal heroism complex, and feels that some people can always achieve some special careers, but it is still difficult to associate the rise of Kumho with the young man in front of him. According to Hanheung Bank's forecast, AIDA's consumer electronics business in China and outside China will be able to make more profits this year than many of Asia's most prominent HG electronics companies. The AIDA Group looks a little weak, because the AIDA Group has placed most of its overseas business under the name of Kumho Corporation, and many overseas companies do not disclose financial data to the public, hiding the income that should be consolidated under the AIDA Group.

Even so, AIDA Group is still the second largest electronics company in China, second only to Huaxia Electronics; The profitability of the announcement is also far greater than that of Huaxia Electronics.

In addition, Park Jin-chang is a person who puts interests first and does not have a particularly strong national complex. On the contrary, he was a little puzzled by the radical thinking of some HG youths who were arrogant and sat back in the well and watched the sky. In his view, HG simply lacks the possibility of becoming a strong country geographically, and the pursuit of its own interests among major powers is the most important thing, and there is no need to be overly wary of China and Chinese companies.

Of course, if Lee Jae-so's judgment is true, Park Jinchang will not forget to extort Kumho on behalf of Hanheung Bank, but this judgment is not supported by enough evidence for him, and he needs to discuss the decision with other creditor representatives of Hyundai Semiconductor after returning to HG.

After having lunch with Park Jinchang, chairman of Hanheung Bank, Zhang Ke will meet with Yang Rongping of Unicom in the afternoon.

In early July, Unicom was publicly listed on the Hong Kong Stock Exchange and traded on the New York Stock Exchange in the United States, raising more than US$6 billion in financial resources through the two listings. It was the largest fundraising event in Asia outside of Japanese companies and was one of the most important financial events in July.

It should also be said that the strong rebound of the Nasdaq has created a good external financial environment for Unicom's successful listing, and most importantly, Unicom has solved the previous capital hunger in one fell swoop through this financing.

Since the beginning of the year, Kumho has been working behind the scenes to promote the cooperation between China Unicom and Unicredit and Kewang Hi-Tech in the customized mobile phone business. Due to concerns about the distribution density and carrying capacity of Unicom's G** network, and in order to avoid excessive stimulation of mobile mobility, Zhang Ke persuaded Unicom to agree to abandon the previous radical plan and select some central cities with complete G** network equipment in advance to promote customized mobile phone services on an experimental basis.

So far, nearly half a year has passed, and China Unicom has promoted customized mobile phone services in nearly 10 central cities such as Beijing, Guangdong, and Jianye, and carried out various promotional activities similar to "recharge and send mobile phones" to promote the growth of new users in the region.

This trick is very effective, in the city where China Unicom promotes customized mobile phone business, the growth rate of new users has increased significantly compared with before, and even the speed of developing new users can catch up with the tail of mobile companies.

At a time when ordinary people also regard mobile phones as luxury goods, the activity of recharging and giving away mobile phones naturally has a strong temptation, and it has attracted many business people and the management of enterprises and institutions. Most of the enterprises and institutions will not reimburse the cost of buying mobile phones, but most of them will reimburse the communication expenses of managers or business people - business people and the management of enterprises and institutions have always been regarded as high-end users in the mobile communications industry.

At the beginning of the year, Zhang Ke promised to supply one million sets of baseband chipsets to Unicredit and Kewang Hi-Tech at a low price for the production of Unicom's customized mobile phones, and one million mobile phones are far from enough to cope with the experimental promotion of customized mobile phone business in Unicom's central cities.

Before, on the one hand, there was an agreement with Zhang Ke, on the other hand, Unicom also knew that it was in short supply, even if the means of promoting customized mobile phone business to develop new users were very effective, Unicom also refrained from putting forward any other requirements.

Now, unlike in the past, Unicom raised more than $6 billion in one fell swoop, and there is no longer a shortage of funds to use the customized mobile phone business to develop new users. On the other hand, the previously agreed half-year time is about to expire, and Zhang Ke promised Unicom before the Spring Festival to launch an enhanced second-generation baseband chipset after half a year to provide Unicredit and Kewang Hi-Tech to produce customized mobile phones with more stable performance and more complete functions.

Yang Rongping learned that Zhang Ke had come to Beijing, so he asked him to meet again in Beijing, so that he could have a preliminary common understanding of the next cooperation plan.

Zhang Ke doesn't want Unicom to be too eager, since there is no longer a lack of funds, the first thing to do should be to improve the communication network first, eliminate signal blind spots, improve the communication carrying bandwidth, and then it is not too late to compete with China Mobile.

Zhang Ke knows that some things may not be satisfactory, Unicom has suppressed the mobile communications bureau, the predecessor of the mobile company, for several years, and the situation has always been very bleak. On the other hand, Unicom has survived under the suppression of the Mobile Communications Bureau for many years, and it is also a means of taking the edge of the sword with a sword, and now it is developed, but the thinking has changed very much, and it is still very fond of the means of taking the edge of the sword. The use of customized mobile phones and other preferential policies to engage in a price war with mobile, is only one side of the sword, the main thing is that Unicom is determined to build a new standard incompatible CDMA network outside the G** communication network to fight against the mobile group will upgrade from the G** network GPRS network, Unicom obtained six billion US dollars in financing, which will be mainly used for the construction and operation of the CDMA network.

At this time, Zhang Ke could not judge how much positive effect it would have if he postponed Unicom's radical plan for half a year, but he knew in his heart that if he did nothing, it would be difficult for Unicom to become a competitor that threatened Mobile. Zhang Ke remembered that in the past, Unicom's long-term profits fluctuated at about one-tenth of the level of mobile, and he was really sorry for the policy support they received after 2,000 years, and he was really sorry for the monopoly mobile communication operation license in their hands.

Kumho's baseband chipset has developed the second-generation enhanced type, which can be said to have matured in G** communication technology and has the conditions for large-scale production of mobile phones at this level. If China Unicom wants to gain a cost advantage far ahead of mobile companies in the customized handset business, they must rely on Kumho's technology solutions. To be selfish, Unicom's aggressive expansion plan at this time can help Kumho expand its share of the domestic low-end mobile phone market, which will still do more harm than harm to Kumho.

Zhang Ke has made a commitment to Unicom, Lianxin and Kewang Hi-Tech during the Spring Festival, within two years, Kumho's ESS mobile phone base frequency technology only supports Unicom's customized mobile phone business, and Kumho will not directly use ESS mobile phone base frequency chips to produce low-end mobile phones within two years, so as to avoid direct competition with Lianxin, Kewang Hi-Tech and other enterprises in the domestic market.