BXBX NOVEL Chapter 910 - The Dust Settles, And A Saviour Arrives In Korea
Chapter 910: The Dust Settles, And A Saviour Arrives In Korea
At the start of this violent war, the one man that no one thought highly of was already halfway to victory.
However, to everyone’s surprise, Jiadian Group, the company that had forced Lee Jaerong to retreat suddenly fell silent. They did not do anything for the next week. It was as if they were satisfied with whatever they have achieved.
However, no one knew that on October 27th, Su Yang secretly went to America.
Unlike what ordinary people thought, where after winning a war, you could enjoy the spoils.
Instead, war was the continuation of politics.
When the body reached a certain size, the economy was also a continuation of the political finger. However, sometimes, the economy could reverse the political finger.
Regardless of war, politics, or economics, at the end of the day, it was a redistribution of benefits. In the end, it was negotiation and compromise.
Therefore, even though Su Yang had won the battle for the shares of Samsung, he still had to split the profits before he could enjoy the feast. This was an unspoken rule that he had to abide by when he reached a certain level.
When they arrived at Wall Street, Su Yang was led by Zhao Licheng. This was the first time he had a face-to-face conversation with the higher-ups of Wall Street.
In order to express their sincerity, the heads of several major financial groups met Su Yang personally.
This meeting included CitiBank, JP Morgan, American Bank, Highrise Finance, Great Desert Finance, and Lehman Brothers. They were all well-known large financial groups.
In a sense, their influence in America was similar to that of Samsung in Korea. However, they were more secretive and unknown.
At least during the recent election, Su Yang knew that these financial groups had been lurking in the shadows.
Of course, as technology became more and more advanced, the new generation internet became more and more expensive. With the benefits from the new technology, it started a fierce competition with this “old money”.
This year’s election would be a clash between the two groups...
The finance tycoons on Wall Street were also very curious about Su Yang, who had relied on black technology at such a young age and even used his strong hands to rob a huge fortune.
From a certain perspective, Su Yang was considered “new money”. However, Su Yang’s way of doing things along the way and the whole process of making a fortune had nothing to do with “new money”. Instead, it was more like how “old money” ran things: they used financial means and commercial means to operate rather than science and technology.
Therefore, in the eyes of these financial giants, it was a good thing to be able to pull Su Yang to their side.
The other parties were interested in each other, and they had a certain understanding of this cooperation, so the negotiations went very smoothly.
Soon, several parties came up with a preliminary agreement.
In the deal, the Hermes Fund will use cash to buy shares from several large banks and investment banks, ultimately holding more than 25%.
Coupled with the fact that Jiadian Group held more than 15% of the shares, Jiadian Group held 40% of the shares of the Samsung and became a real shareholder.
The company also promised that the company would become a global partner in the sales of Jiadian’s new technology.
In this transaction, all parties had their own profits. Su Yang only spent a small amount of cash (most of the money was in the form of financing) to obtain shares of Samsung. A few big banks also obtained a large amount of cash. Furthermore, they could still obtain profits from Samsung and participate in the globalization process of Jiadian Group.
Other than the sacrifice of the Lees, everyone was satisfied with the distribution of benefits.
After the negotiation ended, Su Yang took out another contract and said with a smile, “I wonder if everyone is interested in... the energy vehicle of Jiadian Group?”
...
Two days later, the Hermes Fund officially signed an equity transfer agreement with several major banks and investment banks. It finally spent 48 billion USD to acquire 25% of the shares of more than 20 listed companies under the company.
And because the Hermes Fund was the absolute holding fund under Jiadian Group (more than 51%), Jiadian Group officially raised their boards in the securities trading centers of various countries, indicating that they already held more than 40% of Samsung’s shares and became a shareholder.
After that, according to the Korea Securities Exchange Law, Jiadian Group officially proposed a shareholder’s meeting for Samsung Heavy Industries and requested for the board of directors to be reorganized.
Due to the large amount of shares that Jiadian Group held, the vote at the shareholders’ meeting was biased toward Jiadian Group. Very soon, Jiadian Group officially controlled Samsung Heavy Industries.
After that, Jiadian Group used the same method to reorganize and control the board of directors of more than 20 listed companies.
During this period, it was not that the Lees did not want to fight back or struggle, but they could not do anything about it.
When Su Yang officially started working at Samsung Workers, the Lees had been calling for the country to intervene in the equity exchange and reorganization of the management. They felt that this was a conspiracy by the international capital to swallow up Korea’s national assets.
They even called for the citizens to resist and protest.
However, Korea suppressed him.
On social media, Su Yang’s shareholder, TTK, tried its best to deal with the negative news and stabilize the situation.
Since one plan did not work, the Lees came up with another plan. They decided to take the risk and sent psychotic gunmen to kill Su Yang and Zhao Licheng.
However, under the effect of Su Yang’s [God Mode: 15 Seconds] ability, it was futile.
Zhao Licheng, who did not have the ability, was only slightly injured.
Very quickly, under the pressure from Su Yang and Wall Street, Mr. Yoon had no choice but to order Korea to be in charge of the independent inspection team that was in charge of investigating the political scandal. They were to investigate whether Lee Jaerong had sent the interests of the previous president of the country to help the corporation develop.
Two days later, on October 27, the independent inspection team decided to arrest Lee Jaerong, the former vice-president of Samsung, on suspicion of being involved in the exchange of funds.
Thus, the battle intensified.
On October 30, Korea’s National Court dismissed the independent inspection team’s appeal for Lee Jaerong’s arrest.
On October 31, Qingwa Tower pressured the Korea National Court to review the procedures again. Eventually, the Korean National Court decided to question Lee Jaerong.
On November 1, Lee Jaerong went to the Korean National Court for questioning. After eight hours of questioning, he left the court and went to Seoul detention center to wait for the court to review his inquiries.
On November 2, the Korean National Court decided to arrest Lee Jaerong.
On November 5, the Special Investigation Unit held a press conference to prosecute Lee Jaerong, the former vice president of Samsung.
On November 12, seven days later, when the elections for America on the other side of the Pacific came to an end, the state court ruled that Lee was convicted and sentenced to 12 years in prison.
That day, Lee Kunhee, the president of Samsung, passed away in the hospital.
The Lees, the number one conglomerate that had controlled the country for decades, had now completely withdrawn from the world stage...
During this period, Su Yang managed to control more than 20 listed companies in Samsung and controlled more than 15% of the shares in the company.
After that, as the person in charge of these twenty-odd subsidiary companies, Su Yang officially formed the core subsidiary companies of Samsung Electronics and Samsung Products. He completely controlled Samsung!
After Lee Jaerong went to jail and Lee Kunhee passed away, Su Yang negotiated with the other members of the Lees and bought Samsung’s remaining shares at a high price.
After that, Su Yang went through a few more complicated consolidation and capital operations to increase his holdings in Samsung to about 46%. His control over the shares reached 64%, and he was now in absolute control.
After that, Su Yang started to assign Zhao Licheng to conduct deep equity consolidation and management adjustments for the other companies under Samsung.
With the help of [A Talent Printer That Loves To Jog], Zhao Licheng and Su Yang had a complete understanding of the talents within the corporation.
Therefore, all the adjustments were extremely smooth and appropriate.
Everyone who was watching Su Yang consolidate Samsung was taken aback.
It was only until this time that everyone had to admit that Su Yang was definitely a genius when it came to the consolidation of the corporation’s business.
Because the corporation was huge, even though Su Yang and Zhao Licheng had many connections, it was almost the end of January when they sorted out the management and shares.
Thanks to the influence of Samsung on Korea and the subservience of the Koreans, there were not many people who left the company even though the Koreans were moved.
After all, there were not many companies that could accept talents from Samsung. Even the four major tycoons could not protect themselves, let alone provoke Su Yang.
That was because when Su Yang proposed to share his graphene battery technology and develop new energy vehicles together, the financial magnates on Wall Street readily agreed to Su Yang’s restructuring of Hyundai.
Hyundai was one of the five biggest tycoons in Korea, but it had not been doing well in recent years. It was weak every year and its performance had declined.
Not to mention Nissan and Honda, even Mitsubishi’s car department had started to lose.
Wall Street had long wanted to touch him.
On top of that, Samsung was given to Su Yang. Compared to Samsung, which had a huge influence around the world, Hyundai was not worth mentioning.
Therefore, when they were consolidating Samsung, Su Yang sent Zhao Licheng and the Choi brothers of Hyundai to hold several rounds of negotiations. In the end, they used cash and retained some shares to incorporate Hyundai into Jiadian Group.
In the modern economic history of Korea, Hyundais have created too many firsts: Korea’s first shipyard, Korea’s first car factory, Korea’s first highway...
It was also this company that created the “Korea Manufacturing” brand globally and became the leader of Korea Enterprises. It could be said that the world understood Korea from the beginning.
However, in the year 2000, Hyundai was divided because of internal strife. Although five of the top 30 companies in Korea still belonged to Hyundai, Hyundai was going downhill.
When Su Yang bought and integrated Hyundai, his annual profits were 8.6 billion USD. The valuation was less than one-third of Samsung. It was about 60 billion USD.
Su Yang had also spent about 35 billion dollars to obtain Hyundai’s shares. Most of the money came from the Jiadian Electronics that Su Yang had worked with several major banks in China, and a small portion came from the Hermes Fund.
After the acquisition and consolidation of Samsung and Hyundai, an unprecedentedly terrifying tycoon arrived in Korea.
One had to know that Samsung was the most prosperous tycoon in Korea, and in Hyundai, it was one of the only tycoons that had lost Samsung. Therefore, after the consolidation, the influence of Jiadian Group was far beyond that of the two tycoons combined.
Take the simplest example. There are 2064 listed companies in the Korea stock market and their stock market value is 8,991,415 billion won.
The total market capitalization of the 17 listed companies listed in Korea is 2,083,658 billion won, which accounts for 23.2% of Korea’s market capitalization and 64.6% of the five major tycoons.
The total market capitalization of the 13 listed companies under Hyundai Motors is 605,035 billion won, accounting for 7.7% of Korea’s stock market capitalization.
Therefore, the total market value of the subsidiary company listed in Korea exceeded 31%!
A corporation occupied more than 30% of the country’s stock market value. How terrifying was that!
Well, one could say that if Su Yang ever caught a cold because he did not cover himself with his blanket, even Korea would have a magnitude three earthquake or even declare it a Black Friday.
Every decision made by Su Yang would affect the billions of people in Korea.
However, controlling Korea did not increase Su Yang’s currency or influence by much. After all, Su Yang’s mission this time was to build his own influence system.
After establishing his influence, his words and actions could easily influence these people. He did not need to influence them by making movies or making television.
After Su Yang finished consolidating the two companies, he tried to make a small move. That was to increase the salary of all the employees in the company.
With just a simple sentence, Su Yang’s coins and influence increased by hundreds of thousands.
This meant that a very single statement by Su Yang had improved the lives of hundreds of thousands of employees.
Therefore, not only did this prove that Su Yang’s path was correct, but it also proved that the sharpening of the knife was not a mistake.
Just as Su Yang sped up the consolidation of Korea and the entire world, the new and old management of America was officially completed. A man over 70 years old officially stepped onto the world stage.
And the first thing he did was turn his attention to China, more specifically, to Jiadian Group...