Chapter 1357: Difficult to Ride a Tiger
Seoul, Korea.
Under the guidance of the Westeros system, after annexing Kia Motors, Samsung quickly made a decision to invest and build a factory in China. On the one hand, it is inevitable to open up overseas markets. On the other hand, the prospect of the Chinese auto market is really attractive. .
The last time the Samsung team went to Suzhou for inspection and negotiation, this time it was a return visit from Suzhou.
It happened that in South Korea, Chen Qing accompanied the domestic representative team throughout the whole process. Li Jianxi, the head of the Samsung Li family, also attended in person. In the morning, he visited the car factory in Seoul. It used to belong to Kia, but now it is under Samsung. The reception at noon began at one o'clock in the afternoon. Another two-hour symposium.
After a busy day, a joint venture factory project with a total investment of 2 billion yuan and an expected annual output of 100,000 cars was basically determined, in which Suzhou local state-owned enterprises hold 55% of the shares, and Samsung Motors holds 45% of the shares. It is worth mentioning that 50% of the funds that Chinese companies need to invest this time will be provided by foreign financial institutions recommended by the Westeros system in the form of low-interest loans to reduce the financial pressure on the Chinese side.
Due to the financial crisis, in order to avoid blind investment by governments at all levels and push up debts, the approval of large-scale projects has become more stringent, especially for automobile-related industries. In addition, Suzhou is too close to Shanghai, and the major car companies in Shanghai certainly don't want to see a strong competitor appearing in a nearby city to carve up the market.
Therefore, it is uncertain whether the project can be approved by the central government after it is finalized.
For Suzhou, the advantages and disadvantages are obvious.
The disadvantage is the lack of automotive industry foundation, which is likely to be the main excuse for some people to attack the landing of Samsung's joint venture car factory.
The same is true of advantages.
There are no large-scale car companies in the local area, and even in Jiangsu as a whole, the auto industry is relatively weak, so the local government will strongly support it. After all, even though Jiangsu and Shanghai are adjacent, they are both provincial-level administrative regions, and their interests are different after all. The local government will certainly not take the initiative to give in in order to accommodate Shanghai car companies.
And funding.
Half of the 1.1 billion yuan that China needs to invest comes from low-interest loans provided by the Westeros system, which greatly reduces local financial pressure.
The last is performance.
The 2 billion large project has driven considerable economic data growth, so some people can't help but do their best.
In short, the 2 billion project is here, and it is really not easy to resist the temptation to push it down.
Chen Qing is actively involved in this project, of course, mainly for the benefit of her own Westeros system.
In addition, the reason why she took the initiative to help the local government solve half of the funding problem is because she obeyed her boss's order to entangle the Samsung Li family in the car business. Otherwise, Chen Qing would definitely not take out the 550 million low-interest loan. It is not impossible to invest this money in other places for the same 10-year period, but this time it can only earn 6.5% annual interest.
At three o'clock in the afternoon, the symposium ended.
Chen Qing patiently bid farewell to the Chinese delegation and Li Jianxi and other Samsung executives, declined the invitation to the evening reception, and was finally able to escape.
Leaving the headquarters building of the Samsung Group in Wuqiaodong, Jongno-gu, Chen Qing got into the car, followed by Lin Guili who was sitting beside her, glanced at the female boss who was still looking down at a file in high spirits, paused, and said: "President Chen, Samsung Why are we trying to push this project when the cars are in such a bad state, I mean, Hyundai seems to be better at it?"
Samsung Motors is indeed full of hidden worries at the moment.
Let’s start from the beginning. Samsung has long wanted to enter the auto market, but the biggest obstacle is not funds, but also the review of the authorities. Three years ago, in order to obtain a car production license, Li Jianxi was forced to agree to the plan given by the Kim Young-sam government to build a Samsung car factory in Busan.
The Kim Young-sam administration is purely out of political considerations. In order to gain regional support, it does not consider whether Busan is suitable for building a car factory.
Due to the harsh environment and incomplete supporting facilities, the construction cost of Samsung’s Busan factory far exceeds that of other Korean car companies. In the same period, Hyundai opened a factory in Asan City, Chungcheongnam-do, South Korea, and the cost per square meter was 200,000 won. The construction cost of the Samsung Busan factory is as high as 1 million won, which is five times as much.
The result can be imagined.
At the same time as receiving Kia, the first batch of cars from Samsung's Busan factory officially began to go offline in March after a year-long promotion.
Due to the financial crisis, the demand for domestic cars in South Korea has dropped sharply. Samsung Motors can only lower the price. At present, it will lose 1.5 million won for every car it sells. If there is no production, sales stop, and the depreciation of the factory built with a huge sum of 600 billion won, plus the huge salary expenses of 5,000 employees, the loss will only increase.
Typical riding a tiger is hard to get off.
In order to solve the sales of Samsung cars, the entire Samsung Group has launched mandatory apportionment, requiring employees to purchase, including Samsung Electronics, which is nominally a member of the Samsung chaebol. It was still due to her own boss's strategy, and Chen Qing did not stop it, and asked the executives stationed in Samsung Electronics of the Westeros system to actively cooperate.
Now, Samsung Motors can only look forward to straightening out Kia's assets as soon as possible in order to take advantage of Kia's complete supply chain and global sales network to dilute costs and open up sales.
In fact, the complete loss of control of Samsung Electronics, the automobile business, can be described as the last stand of the Samsung Li family.
Even Simon, who is standing behind, actually hopes that Li Jianxi can succeed.
After all, the industry trend is here. No matter how successful Samsung Motors is, the downhill trend of the traditional automobile industry is inevitable. As long as Samsung Li
If everyone has something to rely on, it will reduce the possibility of making troubles on Samsung Electronics.
This time, I tried my best to help Samsung Motors enter China this time, and I also considered the same.
However, of course, Chen Qing would not explain this in-depth consideration to Lin Guili. Hearing the female assistant's question, Chen Qing simply ignored it, and just ordered: "I have time in the evening. The latest batch of attendant candidates, call to show me look."
Seeing that her question was ignored, Lin Guili didn't say much, she nodded and agreed, looked at her memo, and then said: "Mr. Chen, during the meeting just now, the assistant of the president of LG, Gu Benmao, contacted me. President wants to meet with you?"
Chen Qing directly refused: "No time."
Daewoo collapsed, and LG, which did not succumb to the Westeros system at the beginning, felt the crisis more and more. The reason why the Westeros system has not taken action is to split and digest Daewoo first. However, some foreshadowing for LG The means have already begun to be implemented.
The lg furniture family obviously started to worry.
Chen Qing is definitely not in a hurry, and plans to stay with the other party for a while.
Seeing what Chen Qing said, Lin Guili didn't ask the reason this time, and continued: "Also, our team has officially signed an acquisition agreement with mini6 Studio, the developer of "Frozen Age". This is the summary of the agreement. In addition, Over at SK Entertainment, "The Spy of Life and Death" will wrap up tomorrow, they arranged a wrap-up banquet and invited Mr. Chen to participate?"
Chen Qing took a quick look at the acquisition agreement worth 3 billion won in her hand, and was very satisfied. Mini6 spent 3.5 billion won just to develop "Frozen Age", and there are also several stand-alone games that are on sale. About 1.7 billion won in debt, considering that the company can be 100% taken over cleanly, it is definitely not a loss.
Think about getting a little angry about another project.
Regarding the developer of "Paradise", acrab online, this is Chen Qing's first goal after returning from the United States last time. Still stubbornly refusing to sell all the shares.
In fact, this is also understandable.
Of the three projects recommended to my boss as examples, "Frozen Age" was operating at a loss, and "Kingdom of the Wind II" stagnated due to lack of funds, so it was easy to give up completely. Let's talk about "Paradise", this game has already completed the closed beta test, and it was originally planned to be launched in June.
It's actually like a movie.
The project has been successfully completed, and investors and directors are more optimistic about the situation, it must be pushed to the theaters to fight for it, and it will not be easily sold to the distributor.
Chen Qing talked with her boss, and finally agreed to let acrab president Jiang Qizhi and another major shareholder of the company each retain 10% of the shares, and this side will take 80%.
After making some concessions and adding some other games, the deal between the two parties was concluded.
20% may not seem like much, but before the acquisition, Jiang Qizhi and the small investment fund held a total of 53% of the shares. They sold the company for 6 billion won and kept 20% of the shares. There is a surplus, and the feasibility of earning more in the future is retained. It is definitely a very cost-effective business.
Chen Qing can also accept her boss's thinking about the expansion of the Westeros system that focuses on control rather than monopoly. However, in her current position, it is inevitable that she is a little uncomfortable being coerced by a small company worth only two to three million yuan.
Hearing another question in her ear, Chen Qing refused: "No, let them prepare a rough cut sample for me as soon as possible."
Of course it is for your boss.
Lin Guili nodded in agreement.
The two talked about things, and the car passed through the northern urban area of Seoul, crossed the Han River, and arrived at the Acrab headquarters in Yeoksam-dong, Gangnam District.
There was still some time in the afternoon, even though she was dissatisfied with the head of acrab, Jiang Qizhi, Chen Qing still strictly followed her boss's orders. According to the opinions given by Simon after taking the time to try the game in the past few days, she planned to discuss the modification plan with the acrab team. There are also release plans.
To acquire these studios in advance, in order to avoid being forced to raise prices, Chen Qing adopted an independent shell company. The next release will definitely not be left to these small companies to do it by themselves. The three entertainment giants in South Korea, as well as China And the United States will start to follow up.
In addition, these studios will also be affiliated with the three giants of SK Entertainment, Samsung Entertainment and Modern Entertainment controlled by the Westeros system.
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