Chapter 675

Although Hyundai is now the largest consortium in South Korea, in fact, before the bankruptcy of Daewoo, Daewoo jinyuzhong was definitely the man of the moment in South Korea. Even with the existence of Hyundai Zheng Zhouyong, the founders of the enterprise always have the color of mystery and legend. This is true at all times, at home and abroad, such as the founders of the Rockefeller family, the Morgan family, and the founders of the ancient empire.

Samsung was operated by Li Bingze and Li Jianxi's father and son for two generations before it established the reputation of the future Samsung empire. However, Samsung Electronics, the flagship of the future Samsung, is far from the prestige and brilliance of the future, and Samsung's strength is still behind Hyundai and Daewoo.

Zheng Zhouyong and Jin Yuzhong are the founders of the group respectively. Naturally, their status is one level higher than that of the other chaebol giants.

Before Daewoo went bankrupt, Kim Yu Chung was always regarded as a hero by Koreans. He was one of the key figures in the rise of South Korea's economy and going to the world. He was known as South Korea's "world business leader".

For Jin Yuzhong, the whole Korean nation has a complex psychology for him. On the one hand, most people worship him. The Daewoo founded by him was the pride of the whole South Korea before he went bankrupt.

Even if Daewoo went bankrupt and was wanted worldwide, in fact, Jin Yuzhong still had a large number of pumps in South Korea.

I seem to remember that even Jin Yuzhong was sentenced in his previous life. In many kinds of statistics, such as the selection of "who is the leading hero in South Korea's economic field", Jin Yuzhong can always rank in the forefront.

……

"Hello, President Kim. Nice to meet you. I'm St. John Lee." Li Feng went to the other person and held out his hand. After shaking hands, Li Feng smiled.

"Hello, Mr. Li. I'm Jin Yuzhong. Similarly, it's my honor to meet a young talent like you!" Jin Yuzhong also smiled and stretched out his hand.

At this time, except Jin Yuzhong himself and Li Feng, no one would have thought that Daewoo was in the most deep water. Although it had not reached the level of insolvency, it was almost the same. Even Jin Yuzhong himself had begun to secretly transfer assets.

Future investigations show that from 1997 to the outbreak of the financial crisis, it became the direct inducement of Daewoo and finally made Daewoo bankrupt.

Originally, Daewoo's development was to use high debt and borrowing for global expansion. When the financial crisis began, everyone gathered funds one after another. It was naturally difficult for Daewoo to raise enough development funds, and the enterprise operation funds caused by Daewoo's previous expansion were even more restricted.

Since October, Daewoo has no working capital of the enterprise, that is, Daewoo is almost unable to operate normally. At this time, Jin Yuzhong is also aware of the Daewoo crisis. Unfortunately, there is no way to recover the funds in the global expansion.

At this time, Daewoo began to move towards the process of raising funds, repaying loans and selling assets. On the one hand, Jin Yuzhong began to raise money everywhere so that the enterprise can operate normally. For example, in the next two years, he sold the initial 40 companies of Daewoo to only 12 core enterprises.

On the one hand, some of the funds raised were transferred abroad by illegal means. Finally, until he fled in 1999, he created a financial black curtain of 99 trillion won. It is estimated that no one can tell how much money he transferred.

……

Naturally, in today's scene, Li Feng can't see that Daewoo is going bankrupt at all. Next, people talk about business and economy.

Jin Yuzhong talked about Daewoo's factories all over the world, the development of automobile industry and so on. He was also talking about Daewoo's five-year plan, giving people the illusion that Daewoo has no problems.

Yes, in 1996, the crazy expansion of Daewoo put forward a five-year plan. For example, it is expected that the overall sales of Daewoo Group will reach 170 billion US dollars by 2000.

To this end, 650 production and sales bases will be established in the world to form a global business network. From Asia to America, from the Middle East to Africa, from Europe to the CIS, Daewoo now has nearly 300000 employees worldwide.

I have to say that without the financial crisis, perhaps Jin Yuzhong could really realize his crazy ambition. Unfortunately, a financial crisis has changed everything.

At this time, Li Feng's afterlife vision stood aside to look at the communication between people. There was a feeling of God's perspective, and there was a feeling that people were drunk and I woke up alone.

Among Daewoo's many assets, Li Feng most values two major industries. One is Daewoo automobile. Daewoo automobile is sold all over the world at this time. Korean and Japanese cars are famous all over the world for their high quality and low price. They have a complete automobile industry chain. As long as they can seize the opportunity of the rise of China, they will definitely become one of the automobile giants.

The second is Daewoo Heavy Industry, shipyard and other heavy industries. It is almost impossible for Li Feng to get involved in the heavy industry in the United States. He has long been monopolized by many giants, and Daewoo Heavy Industry obviously gave Li Feng an opportunity to get involved in the heavy industry.

……

When Li Feng was thinking about how to successfully take over the two core industries of Daewoo Group from Daewoo, Li Fuzhen came to him with a lady: "John, this is Jin Xizi, the wife of Jin Yuzhong."

"Hello, Mrs. Kim!" Li Feng greeted him with a smile.

"Hello, Mr. Li. It has been rumored that Mr. Li is a newly rising business upstart in the world. I finally saw him today. It's better to meet him!"

"Mrs. Kim is also a heroine among women. Since she came to South Korea, I have heard all kinds of news about Mrs. Kim. It is really unique for a woman like Mrs. Kim in South Korea." Facing Jin Xizi, who politely praised himself, Li Feng also smiled and praised him.

"Mrs. Kim has always been my idol, John. You may not know. Mrs. Kim is also the chairman of Hilton Group in Korea. She is your business partner, isn't she?" Li Fuzhen said again.

"Oh... I have to introduce myself again. I am also a major shareholder of Hilton Group. It seems that I will have more contact with you in the future." Li Feng immediately moved in his heart and greeted warmly again.

Previously, when Li Feng investigated Daewoo, he also had a simple understanding of Jin Yuzhong's wife. Jin Xizi is different from traditional women in South Korea. Women in South Korea generally become housewives as long as they get married.

But Kim Hee Ko is not. Unlike the traditional wives of South Korea's chaebols, who "don't go out of the door and don't step in the second door", she is a rare strong woman active in shopping malls. Now she is the chairman of Daewoo's core industry "greater than development company". At the same time, she is also the chairman of Hilton Group in South Korea.

Jin Xizi has provided her husband with many successful opinions in the development of Daewoo from the unique perspective of women. Even in Daewoo Group, Jin Xizi also has great prestige.

……

Later, when Daewoo went bankrupt and her husband fled, Jin Xizi also supported the Daewoo family. After Daewoo went bankrupt, Jin Xizi found a position in the business world again and established a powerful bill Korea company, which became the last pillar of the Daewoo family.

Of course, if the Daewoo family only has these, it will underestimate others. Jin Xizi is a top student in the Art Department of Harvard. Therefore, there is a huge art collection at home.

It is said that after the bankruptcy of Daewoo, many auction houses have played the doctrine of Daewoo family art and wanted to auction Daewoo family art. Finally, Jin Xizi refused everyone.

It is the so-called thin camel is bigger than a horse. Even if Daewoo goes bankrupt, Daewoo family members can still live a rich life envied by ordinary people, but they don't have the original super status.

After seeing Jin Xizi communicating with himself and Daewoo jinyuzhong a few steps away, Li Feng couldn't help feeling it. Who would have thought that Daewoo and Jin Yuzhong, who are still famous now, would end up like this later.

"John, what are you thinking?" Just when Li Feng was daydreaming, Li Fuzhen didn't remind him.