Rebirth

Although Hyundai is now the largest consortium in South Korea, in fact, before Daewoo’s bankruptcy, Daewoo Kim Woo was definitely a man of the whole South Korea, and he could even talk about the existence of Hyundai Jung Joo Young. The founder of the company always had a special Mysterious and legendary.The same is true in ancient and modern China and abroad, such as the founders of the Rockefeller family and the Morgan family of the American Emperor, and the founders of the ancient empires.

Samsung was operated by the two generations of Li Bingzezhe and Li Jianxi and his sons, and established the prestige of the next generation of Samsung empire. However, the next generation of Samsung’s flagship, Samsung Electronics, is far from the prestige and glory of the next generation, and Samsung’s current strength is still After Hyundai and Daewoo.

And Zheng Zhouyong and Jin Yuzhong are the founders of the group respectively. Naturally, the status of the two is really higher than the rest of the chaebol giants.

Before the bankruptcy of Daewoo, Kim Woo-jung 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 global, and he was hailed as South Korea's'world leader in business operations'.

For Kim Woo-jung, the entire Korean nation has a complicated mentality for him. Most people worship him. Daewoo, which he founded, was the pride of Korea before it went bankrupt.

Even if Daewoo went bankrupt and faced a global wanted, in fact, Jin Yuzhong still owned a large number of pumps in Korea.

I seem to remember that even Kim Woo-jung was sentenced in his previous life. In numerous statistics, such as the election of'Who is the leading hero in the Korean economy?' campaign, Kim Woo-jung can always rank in the forefront.

...

"Chairman Jin, hello, nice to meet you, I'm St. John Lee." Li Feng walked to the front of the house, stretched out his hand and shook hands, Li Feng smiled.

"Hello, Mr. Li, I am Jin Yuzhong. Similarly, it is my honor to know a young talent like you!" Jin Yuzhong also smiled and stretched out his hand.

At this time, apart from Jin Yuzhong himself and Li Feng, no one would have thought that Daewoo was already in the deepest heat. Although it has not reached the level of insolvency, it is almost the same. Even Jin Yuzhong himself has begun to secretly transfer assets. Up.

The investigation of later generations showed that from the beginning of 1997 to the outbreak of the financial crisis, it became the direct cause of Daewoo, which eventually caused Daewoo to go bankrupt.

Originally, Daewoo’s development was based on the use of high debts 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. Daewoo’s previous expansion caused companies Working capital is even more elusive.

As of October, Daewoo has no corporate operating funds. In other words, Daewoo is almost unable to operate normally now. At this time, Jin Yuzhong is also aware of Daewoo’s crisis. Unfortunately, there is no way to fund the global expansion. Taken back.

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 so that the company can operate normally. For example, in less than 2 years, Daewoo’s first 40 companies will be sold. Until there are only 12 core companies left.

On the other hand, some of the funds raised were transferred to foreign countries through illegal means. In the end, he fleeed in 1999 and created a total of 99 trillion won in financial shady. It is estimated that no one can tell how much money he transferred.

...

Naturally, at today's scene, Li Feng can't see that Daewoo is going bankrupt. The next thing everyone is talking about is business and economic issues.

Jin Yuzhong talked a lot about Daewoo's factories around the world, the development of the automobile industry, etc., and was still talking about Daewoo's five-year plan, giving people the illusion that Daewoo had no problems.

Yes, in 1996, the crazy expansion Daewoo proposed a five-year plan. For example, it is estimated that by 2000, Daewoo Group's overall sales will reach 170 billion US dollars.

To this end, 650 production and sales bases will be established worldwide to form a global business network.From Asia to the Americas, from the Middle East to Africa, from Europe to the CIS, Daewoo has nearly 300,000 employees worldwide.

I have to say that if there is no financial crisis, maybe Jin Yuzhong might actually realize the crazy ambition in his heart. Unfortunately, a financial crisis changed everything.

At this time, Li Feng stood aside and looked at the exchanges of the people with the eyes of future generations. He had a sense of God's perspective, quite a feeling that everyone was drunk and awake.

Among Daewoo’s many assets, Li Feng values ​​the two major industries most. One is Daewoo Motors. Daewoo Motors is now selling all over the world. Korean and Japanese cars are well-known for their high quality and low prices. They have complete cars. As long as the industrial chain can seize the opportunity of China's rise, it will definitely become one of the auto giants.

The second is Daewoo Heavy Industries, shipyards and other heavy industries. If you want to get involved in the heavy industry, it is almost impossible for the American Emperor Li Feng to get involved. He has long been monopolized by many giants, and Daewoo Heavy Industries clearly gave Li Feng a step into the heavy industry. Opportunity.

...

Just as Li Feng was thinking about how to successfully take over the two core industries of the Daewoo Group from Daewoo, Li Fuzhen walked to his side with a lady: "John, this is Jin Yuzhong’s wife-Kim Heeko ."

"Mrs. Jin, hello!" Li Feng greeted him with a smile.

"Hello, Mr. Li, it has been rumored before that Mr. Li is a newly emerging business upstart in the world. I finally saw it today. The meeting is even more famous!"

"Ms. Kim is also a hero of female high school. Since I came to Korea, I have heard all kinds of news about Mrs. Kim. There is really no other woman like Mrs. Kim in Korea." Facing Kim Xizi who politely praised himself, Li Feng Also smiled and praised.

"Ms. Jin has always been my idol, John, you may not know it. Mrs. Jin is also the chairman of the Korean Hilton Group. She is your business partner, isn't it?" Li Fuzhen said again.

"Oh... I have to introduce myself again. I can be regarded as a major shareholder of the Hilton Group. It seems that I will have more contact with Madam you in the future." Li Feng suddenly moved in his heart and greeted warmly again.

When Li Feng was investigating Daewoo before, he had a simple understanding of Kim Woo-jung’s wife. Kim Hee-ja is different from traditional Korean women. Korean women generally become families as long as they get married. Women too.

But Kim Heeja is not. Unlike the traditional wife of South Korea’s chaebol’s “the door is not open, the second door is not open”, she is one of the few strong women active in shopping malls. Now she is the director of Daewoo’s core industry, “Bigger Development Company”. He is also the chairman of the South Korean Hilton Group.

From a female perspective, Jin Xizi helped her husband provide a lot of successful advice in the development of Daewoo. Even in the Daewoo Group, Jin Xizi also has great prestige.

...

After Daewoo went bankrupt and her husband fled, Kim Heeja also supported the Daewoo family. After Daewoo went bankrupt, Kim Heeja re-founded a position in the business world and established a powerful Bill Korea company, which became the last pillar of the Daewoo family.

Of course, if the Daewoo family is nothing more than this, it would be to look down upon others. Jin Xizi is a high-achieving student in the Art Department of Harvard, so there is a huge collection of art at home.

It is said that after the bankruptcy of Daewoo, many auction houses have started to advocate the art of Daewoo family. They wanted to auction the art of Daewoo family. In the end, Jin Xizi refused everyone.

As the so-called skinny camel is bigger than the horse, even if Daewoo goes bankrupt, the members of the Daewoo family can actually live a rich life that ordinary people envy, but they don't have the original super status.

Seeing Jin Xizi who was communicating with him, and Daewoo Jinyu in a few steps away, Li Feng couldn't help but feel impressed. Who would have thought that Daewoo and Jin Yuzhong, who are still famous today, would end like this later.

"John, what are you thinking about?" Li Fuzhen at the side didn't remind him when Li Feng was thinking about it.