Chapter 210 Li Taiyu Who Refuses to Chew on His Old Age

Changning City, Myeonggye Province, Dahan Dongyuan Machine Tool, Bracket China, Co., Ltd.

Chairman Li Taiyu is a strong Korean man who just turned 30 this year. His father is a well-known lawyer in Seoul, with a high income, and is considered to be the middle class in South Korea. After Li Taiyu obtained a master's degree in business in South Korea, he looked for several jobs, but he failed to do so because of his high ambition and low ability. In the past few years since graduation, he has spent half of his time at home.

Being a dad is a comfortable job but lacks freedom. There are two differences between a dad and a cash machine:

First, when withdrawing money, you will be asked about the purpose. If the purpose is inappropriate, Dad will refuse to pay. Li Taiyu usually tries his best to make up reasonable names when he wants to get some money to pick up girls. Don't get me wrong, his dad has never objected to him picking up girls, but his dad firmly believes that any guy who picks up girls without the purpose of continuing the family lineage is a hooligan.

Second, cash machines don't hit people, but Li Taiyu's father does, and he does it very harshly. Every time Li Taiyu was beaten black and blue by his father, he would have the urge to bring the perpetrator to justice. But unfortunately, his father was a lawyer himself, and Li Taiyu did not think that he would fight with his father. Lawsuits can be won.

This frustrating life took a turn for the better a few years ago. After China and South Korea established diplomatic relations in 1992, South Korean people started a gold rush in China. China is a vast country with a population of 1.2 billion and an abundant labor force, but is extremely short of capital. The income of Koreans is incomparable to Americans and Japanese, but when it comes to China, they can be considered rich.

Many so-called Korean businessmen who come to invest in China only have a little wealth in South Korea, and they usually call themselves "leeks" when meeting people. However, once they arrive in China, they will be treated as honored guests by government officials from various places, and they can invest ten dollars at will. If you earn US$80,000, you can enjoy super-national treatment from the government.

People are stupid, the market is huge, come quickly!

This is the message sent to him by Li Taiyu’s classmate who was the first to invest in China. After listening to his classmates talk about his happy life in China, Li Taiyu could no longer stay at home. He had a soul-touching conversation with his father, pointing out that if his father did not support him in going to China to pan for gold, he would completely degenerate. This further affects the great cause of passing on the family lineage that my father has been striving for.

Li Taiyu's father, Li Dongyuan, carefully studied Sino-South Korean relations and several previous investment cases in China as he usually did when handling cases. He came to a conclusion that investing in China was indeed an excellent direction, so he agreed to his son's request. And gave him US$500,000 as investment principal. By the way, this amount is half of Li Dongyuan’s family’s savings.

According to the exchange rate in 1994, US$500,000 was equivalent to 4.3 million yuan. Such a sum of money was already considered a huge sum of money in China. Under the guidance of experienced classmates, Li Taiyu came to Changning City, Mingxi Province with money, and immediately received a warm reception from the officials of the Changning Investment Promotion Bureau.

For several days, officials from the China Merchants Bureau accompanied him on inspections. Every meal was paid for by the China Merchants Bureau. Li Taiyu was deeply shocked by the variety and quantity of dishes on the table. Occasionally when there are less than 8 dishes on the table, the China Merchants Bureau officials will apologize repeatedly, saying that they are in a hurry and there is no time to arrange, so please forgive them. Li Taiyu once suspected that he was in a fake China. This country with a per capita GDP only equivalent to 1/20 of South Korea, how could there be so many delicious foods?

After Hu Chihai stuffed himself with more than a dozen free meals, Li Taiyu finally lost his temper. He randomly selected a Chinese company recommended to him by China Merchants Bureau and spent 1 million yuan to acquire it in full.

The company he acquired was a collectively owned factory under the Changning Erqing System. Its main business was grinding machine manufacturing. However, in fact, except for a few grinding machines produced in the past few years, the superior departments forcibly sold them to some companies in the same system. Outside, the rest are backlogged in warehouses, waiting to rust.

Li Taiyu studied business in college and master's degree and knows nothing about industry. His investment decisions were learned from other classmates. His classmates told him that China's industrial level is very poor. If you just buy it from any factory, then buy some technologies from South Korea and bring it to China for production, you don't have to worry about the sales of your products.

The classmate also told him that a promising investment direction currently is machine tools. The technical level of Korean machine tools is higher than that of Chinese machine tools, and the price is much lower than that of American, Japanese and European machine tools, so they are very popular in the Chinese market. It was because of this suggestion that Li Taiyu selected the company named Changning Fifth Machine Tool Factory from a short list, and changed its name to Daehan Dongyuan Machine Tool Company after the acquisition.

After buying the company, Li Taiyu began to learn about machine tools. He learned from the technicians and workers he received that the original Changning No. 5 Machine Tool Factory manufactured grinders, so he returned to South Korea and planned to buy several grinder patents and produce them in China.

When he returned to South Korea and inquired about it, Li Taiyu realized that he had accidentally stepped into a pit. South Korea was pretty good in terms of lathes and machining centers, but grinders were basically blank. Even Korean companies imported grinders from abroad. Among them, Also included are grinding machines imported from China. He wanted to bring grinding machine products from South Korea to China for production, but it was really difficult.

Knowing that he had made an mistake, Li Taiyu did not dare to admit it. In front of his father, he claimed that he had chosen an excellent direction. Other Koreans who went to China to build machine tools concentrated on lathes and machining centers. Only he had a unique vision and chose grinding machines as a breakthrough direction. This was important in marketing. In theory, it is called differentiation strategy, and it can only be achieved by entrepreneurs with a strategic vision.

By relying on his eloquent words to avoid possible domestic violence, Li Taiyu's troubles are not over. He told Li Dongyuan that Dongyuan Company wanted to produce grinders, so it could not change its direction easily. You must know that Li Dongyuan was not the richest man in South Korea, so he could not give his son $500,000 and then stop interfering. Every decision made by Dongyuan Company must be reported to Li Dongyuan for filing. If Li Taiyu finally gave up on the direction of grinding machines due to what he said before, Li Dongyuan would not let him go.

With no other choice, Li Taiyu went to find his classmates. Finally, with the help of his classmates, he found a Korean machine tool design company and asked them to develop several CNC grinder products for Dongyuan Company. Speaking of which, machine tool design still has some similarities. Although this design company has not developed grinding machines, it has a good accumulation of CNC technology, and the design of the appearance of the machine tools is also very clever.

On the basis of traditional grinding machines that have long expired the patent protection period, they are equipped with a CNC system and covered with a beautiful casing, which has become the flagship product of Dongyuan Company's existing CNC grinding machines. Li Taiyu returned to Changning excitedly with the full drawings, and immediately ordered the production director of the company in charge of production to start organizing production.

The company's production director is named Wang Yingsong, who was the former deputy production director of the Fifth Machine Tool Factory in Changning. After the Fifth Machine Tool Factory was acquired by Li Taiyu, he was retained and his position was changed to production director, and he still did the same work. After getting the drawings, Wang Yingsong was dumbfounded. He hesitated for a long time, and finally choked out one sentence: I can't produce these machine tools...

"Why can't it be done?" Li Taiyu stared angrily and asked.

His expression comes from the shadow of his childhood. In his mind, anyone who is awesome will beat their children every three days. Wang Yingsong was not his child, and he was very muscular. If the two of them had a PK, Li Taiyu didn't think he was sure of winning, so he didn't dare to beat Wang Yingsong, but it was okay and necessary to lose his temper.

By the way, Li Taiyu was barely a studious child when he was studying. He learned a little Chinese in his spare time and was able to cope with daily communication. This is one of the reasons why he dared to invest in China.

Wang Yingsong said with a grimace: "Mr. Li, these machine tools are too advanced. Our existing equipment cannot meet the processing capabilities. To produce these machine tools, we must update the equipment."

"Does it cost money to update the equipment?" Li Taiyu asked warily.

"Should, maybe, maybe...should?" Wang Yingsong answered cautiously. This Korean boss has a bad temper. If he answers a question incorrectly, he will scold him for half an hour, and the first three minutes will be in Chinese, and the next 27 minutes will be in Korean. The pronunciation of Korean is originally sonorous and powerful, and coupled with Li Taiyu's face superimposed with emoticons, it can cause double damage to people. Wang Yingsong really does not dare to provoke the other party easily.

"How much does it cost?" Li Taiyu asked.

Wang Yingsong shook his head, he really didn't know. The Fifth Machine Tool Factory is a large collective enterprise with weak technical strength. Wang Yingsong, the deputy director of production, can only operate a few different machine tools and understand some basic production processes. With his level, he can be placed in Linyi Machinery In a large state-owned factory, Wang Ying could not even serve as a team leader in a workshop, but Wang Ying's skills were enough to serve as his master.

"So, who in the factory knows this?" Li Taiyu asked again.

Wang Yingsong still shook his head. The level of other people in the factory was worse than his. If he couldn't answer the question, it would be useless to ask anyone else.

As a result, Li Taiyu entered the manic mode again and began to curse Wang Yingsong as a loser, Chang Ning Investment Company as a cheater, and the classmates who asked him to invest in China as liars in four languages: Chinese, Korean, Japanese and English.

Wang Yingsong closed his six senses, entered a meditative state, and allowed Li Taiyu to perform. He circulated the zhenqi throughout his body for more than ten weeks, and then he felt that the aura around him became peaceful. He opened his eyes, looked at Li Taiyu who was slumped on the executive chair like a deflated rubber ball, and gave a suggestion:

"Mr. Li, I'm afraid we have to go to Changji to find an engineer to ask about this matter. In the entire Changning City, Changji's engineer is the only one who knows about these things."