Chapter Forty-Seven: The Economic Crisis Is Coming
Time flies.
The economic crisis is officially here.
In the first half of the year, South Korea's export rate was as high as 30 percent, and it was promoted to the highest major trading country, but because of this, the Korean economy was in crisis.
The government decided to apply for financial assistance from the International Monetary Fund (IMF), inviting all citizens to tighten their food and clothing, share each other's suffering, and overcome the current difficulties.
The whole country is busy with this matter.
Smart Times Building.
Vice Chairman Lin Zhixuan, as the person in charge, followed behind Chen Yijun with the executives of the intelligent era, and their happy expressions seemed to be celebrating the president's decision.
"Chairman, this time they are demanding the opening of the financial market, the easing of the labor market, and the completion of chaebol reform at the cost of $21 billion in relief funds from the IMF Fund."
Chen Yijun is a chaebol in the intelligent era, and this matter quickly reached his ears, this national crisis, but only the intelligent era has not changed.
Because the original funds in the intelligent era were invested by Chen Yijun in Amazon and Coca-Cola, the balance in his hand was only one billion, even if it was dropping, it had nothing to do with him.
Lin Zhixuan said: "President, what should we do next?" Is it to sell the invested stocks to cash out? โ
At the same time, the eyes of the company's top management fell on the chairman.
"Don't rush, let the bullets fly for a while."
Chen Yijun walked into the office, and at this time, more than a dozen employees, large and small, stood up at the same time as the president came in, and said in unison: "Good president." โ
"Well, sit down." Chen Yijun replied simply, and then took the lead in sitting in the lead position under the witness of everyone, and the rest broke the news about what happened to the company at this time.
The stock of the intelligent era began to decline, but fortunately, the company's current market value is not high, plus most of the funds were exchanged for US dollars by Chen Yijun, as well as investing in companies such as Amazon, otherwise even he would face an economic crisis.
Lin Zhixuan arranged for someone to turn on the projector, picked up the wooden stick on the table, pointed to the stock information on it and said respectfully: "President, this is our company's stock information in the past two months, because of the sudden economic crisis, the company's stock has dropped from the original 20 US dollars per share to 18 US dollars, because we are global trade, which only leads to the withdrawal of our own economy, and there is no big problem." โ
The general manager of the intelligent era, Changji, stood up and said respectfully: "President, our factory responsible for making mobile phones, computers, and electrical appliances is still operating normally, more than 80% of the industries in South Korea have announced the suspension of work, and even bankruptcy, and the bankrupt enterprises have produced a lot of unemployed people, at the same time, because our company is still in business, a large number of civilians want to join our smart factory, what should we do?" โ
Chen Yijun took a sip of the water in the cup, moistened his throat, and said, "What are you thinking in your heart?" โ
"I don't think it's clear that a large number of workers are pouring into the smart industry, and at present, the national trading company has also announced a shutdown due to the economic crisis, and our company's products cannot be exported overseas. โ
"Go on." Chen Yijun said unhurriedly.
"Yes." Changji took out the prepared documents and transmitted them on the projection screen, "Look. โ
"The country's second largest group, Yajin Automobile declared bankruptcy because it could not repay 4.50 trillion won, resulting in a large number of unemployed workers, their average age is about 25 years old, is in the prime of life, the premise of maintaining a family is to have money, and now the automobile industry of Sunyang Group and Daying Group has been suspended."
"Only our intelligent era is still in business, but this time it is our tripartite cooperation, and the capital turnover is very tight, and rashly taking it into the pocket will make our company fall into a state of economic crisis."
Changji continued: "I think it is important to stop recruiting from the outside world, consolidate the roots, and wait for this crisis to be resolved. โ
At this time, Chen Yijun has become the person who has the most dollars in South Korea, and there is no one, hundreds of billions of won can be exchanged, but not anyone can take it out.
If it is cashed out now, then the intelligent era will even say that it will be ahead of everyone, including the two major groups!
Chairman Lee, the head of Hando Steel, sat next to Chen Yijun, and if he didn't have the chairman, he would have become a complete failure, so Chairman Lee has always regarded Chen Yijun as a god in his heart.
Vice President Lin Zhixuan personally poured a full cup of water for Chen Yijun, nodded, and agreed: "It makes sense, at present, we are the largest entrepreneurs in South Korea in terms of economic development and company shares in the intelligent era, but let's listen to what the chairman has to say." โ
As soon as these words came out, everyone's eyes once again stayed on the body of President Chen Yijun, and sometimes the boss still needs to decide.
"Guys, how do you feel about Yazhen Motors?"
"Huh?"
Everyone showed puzzled expressions, and Vice President Lin Zhixuan even asked: "President, you don't want to take pictures of Yazhen cars, they are burdened with huge debts." โ
"Don't you think that Yazhen Automobile has a lot of room for development?"
"This ......"
No one on the field could see that a bankrupt company was still burdened with so many debts, and if it was acquired like this, the intelligent era would inevitably go bankrupt.
At this moment, a person in charge walked in and said respectfully, "President, all the chaebols in Korea have gone to the prime minister's office and invite you to come with you." โ
Chen Yijun nodded and responded, "I know, you go down first." โ
"Yes!"
"President, don't be rash, once you take on all the debts, our intelligent era will be completely dragged into the abyss."
Chen Yijun stood up and said with a high temperament: "You only see the present, but you don't see the future, although the South Korean economy has suffered an unprecedented blow, don't forget that we have not lost." โ
"I will personally arrange someone to deal with this acquisition of Yazhen Automobile."
"President, then you can give us an explanation as well." Vice President Lin Zhixuan said embarrassedly that he might as well discuss it with other shareholders.
"Guys, do I have the ability to make cars in the era of intelligence?"
Hearing this, everyone was silent, this time the cooperation with Daying and Shunyang Group is also because they have their own automobile industry chain, otherwise, how could this piece of fat fall into the hands of the two major groups.
Not only that, Chen Yijun has also been waiting for this opportunity, and the reason why he cooperated with Daying and Shunyang Group was to find an opportunity to complete the plan, and also to prevent someone from wanting to support the empty treasury by himself.
Now, the country's second group, Yajin Automobile, is sold, and this is the first step for him to unify the entire Korean chaebol.
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Readers, because of the recommendation, everyone should not raise books.
Here for a wave of collections, follow-ups, investments, if there are any questions to ask, I will go to see them.