Reboot the heyday

Chapter 3310 Backhand

After 1997, South Korea relaxed its control over foreign capital.

As a result, foreign capital poured in, and now half of Samsung’s shares are in the hands of major European and American companies.

However, the Lee family relies on more than 80 subsidiaries to exercise control through layers of holdings, forming a maze of equity and firmly controlling the entire Samsung.

From this point of view, the Li family has succeeded. Hundreds of billions of dollars of European and American capital cannot shake the control of the Li family, and all they get is annual dividends or cash from selling stocks.

But the chaebols are not completely free of worries.

The moment he learned of the death of the old chairman, the eldest prince - no, now the real controller of Samsung Group, Lee Jae-yong - felt both happy and worried.

The good news is that he finally took power. The bad news is that the inheritance tax in South Korea is a horrible figure.

In Korea, inheritance tax is based on the accumulated value, so ordinary people only pay 10%, but wealthy chaebols pay up to 50%.

So now the most important thing facing the new Chairman Lee has changed. He has already completed the most important step of succession. He has completely controlled the core of Samsung Group through acquisitions. Now is the final step, and he will face an inheritance tax of up to 60 billion US dollars.

In fact, the Lee family only controls 5% of the entire Samsung Electronics, and they rely entirely on the maze of equity to control it.

Chairman Lee is not a person without ability. He started the acquisition of Samsung Logistics by Samsung Textiles a long time ago. But this process is actually very unreasonable, because Samsung Logistics is a forced merger with Samsung Textiles by selling assets at a low price.

On this day, the headline of Bloomberg News was "Why would you sell your company for less than 0?"

In fact, there is only one group whose interests are truly harmed by this incident, and that is European and American capital.

Chairman Lee doesn't care about this at all. Even if it is European and American capital, it is not lawless when it comes to South Korea. Samsung will always be the Samsung of the Lee family.

But new problems arose. An unexpected change occurred. The old president's sister, who was worried about him, woke up.

Lee Jae-yong tapped the table with his fingers, made a decision, and made a phone call.

So Wang Taika, who was cracking the code, got the opportunity to cooperate with President Li. The content was very simple, there was only one.

"Let her die in name only."

Although he had no intention of actually harming his relatives, he could no longer accept such a change.

After weighing the pros and cons, Wang Taika decided to verbally agree first and wait until they met to discuss it. At least he wanted to know what kind of person this little princess was.

So Wang Taika sent Pei Baicai back home. What was going to happen next was too dangerous, and he couldn't let Pei Baicai and himself take the risk. So Wang Taika went to Sanxing's suburban villa alone.

Still under layers of guard, Wang Taika finally saw the little princess who had awakened.

Years of coma have caused her muscles to atrophy, and she can't stand or even lift a cup of water. Even her consciousness seems to have become blurred, and her IQ has regressed, like an ignorant child.

But she still has an impression of Wang Taika.

"Thank you." These were the first words the little princess said.

Wang Taika sat down, not knowing how to start. He had no feelings for the Li family, but the old chairman was actually okay with him. Although he was desperate, he did give Wang Taika a high degree of trust.

"Did they say anything to you?" Wang Taika asked.

The little princess shook her head.

"Has anyone come to see you?" Wang Taika asked.

The little princess still shook her head: "I think few people know that I woke up." "That's right." Wang Taika nodded. This news must have been kept secret by Lee Jae-yong. As the new chairman, he has almost all the power.

"Then I will tell you those stories, the ones I know."

So Wang Taika began to talk about the things about Samsung, the things when the old chairman was still there, and the things about Lee Jae-yeol.

In the end, Wang Taika finished telling all the stories and finally fell silent.

The little princess was silent for a while, and then said, "Your coming here today may not be good news. My eldest brother is a very ambitious person, and I am indeed an accident now."

Wang Taika said, "Hide your real name. Actually, I didn't want to get involved in this matter, but you have to finish what you start. Your elder brother thought I would kill you, and he probably wanted a token of my loyalty. This may be a good idea, but I'm not that kind of person. I'll send you away, and live a good life alone."

"Maybe there is another way." The little princess sighed and said, "Although it is difficult for me to lift a cup of water now, a few pieces of paper are still okay."

As she spoke, the little princess pulled out a few pieces of paper from under the bed and placed them in front of her.

Wang Taika picked it up and saw that it was actually a letter of intent for share trust. Looking more closely, if it was signed, then the part of Samsung shares under the little princess' name could be entrusted to another company. The name of this company was Jishi Industry.

"Have you met Lee Jae-yeol?" Wang Taika asked.

The little princess shook her head. "I don't know if this person is older than me. Although he is a bastard, I have never seen him. It's just that after I woke up, someone handed this thing to me. He said something, which can be regarded as an explanation. There are many things I can't say, but the meaning is only one. If I want to keep everything, I have to wait for someone. If that person still has a little kindness in his heart, then give him a chance. If he really goes along with my eldest brother, then just pretend that it never happened."

Wang Taika asked, "Who is that person?"

"I don't know him, he must be Lee Jae-yeol's man," the little princess replied.

Wang Taika continued to ask: "What if it's not me who comes?"

"Isn't that better? It means I still have family to rely on." The little princess smiled.

Wang Taika nodded. This all made sense. Lee Jae-yeol couldn't get the little princess to cooperate, and he didn't know if she could wake up, so he left this foreshadowing, which just happened to work.

Wang Taika now understood what Lee Jae-yeol meant. In fact, Lee Jae-yeol did not really betray. He actually kept all his last tricks because he knew he was powerless to change the current situation.

Originally, the person Li Zaiyeol favored was Bao Liuxiang. But Bao Liuxiang obviously no longer had that kind of ambition, so Bao Liuxiang recommended Wang Taika.

But after a series of tests, Lee Jae-yeol no longer trusted Wang Tae-ka.

Until this time when it came to the succession of Samsung, Lee Jae-yeol had to take action. Later, Lee Jae-yeol saw Wang Taika's revenge after he was extremely angry, and finally recognized Wang Taika's ability.

So Li Zaiyeol fell into the trap, and with his death, he left behind all his heritage. But if Wang Taika wanted to get these heritage, he needed to spend some effort.

Wang Taika looked at the little princess's contract and said, "What should I provide you with after I sign it?"

The little princess said, "Protect."

Wang Taika smiled and said, "That's fair, but do you trust me so much?"

The little princess sighed: "Besides this, I can't meet anyone else. It's not a question of whether I believe you or not, but I have no choice now."

"You are wrong. This is a two-way choice, and I haven't thought about it yet." Wang Taika picked up the contract but did not sign it.

(End of this chapter)