The Wealth Empire Crossing the Hong Kong

Chapter 473
The global retail market in June was not calm. The world retail giants in the North American market have entered the third month of competition for the market, and various discount activities are still going on, with no intention of stopping.

In the Southeast Asian market, the major giants and local retailers are in a chaotic battle. Each is trying its best to stick to a part of the market and wait for opportunities to enter other markets.

In East Asia, Lotte opened dozens of high-profile stores in Baodao and Xiangjiang. As the overlord of the two places, Lane Crawford, United Brothers, Wellcome, and Uni-President Retail jointly targeted Lotte, hoping to drive Lotte out of the two major markets. .

The Korean retail market is also very lively. Success Department Store and Cosway also opened many stores at the same time. Dongquan Retail also reached a cooperation with Doosan Group. The two parties jointly established Doosan Retail Company and announced that it will open in Seoul, Busan, Daegu and other places. The first batch of [-] department store supermarkets will be deployed.

If the entry of Chenggong Department Store and Cosway is just a jackal for Lotte, the establishment of Doosan Retail is a tiger.

Especially when they learned that the president of Dongquan Retail Group was Tang Jianming, Lotte's executives felt a chill in their hearts. They knew that this was the Xinjian Department's plan to attack Lotte in various markets.

Facing the behemoth of the Xinjian Department, it is obviously not Lotte alone that can deal with it. As the president of Lotte, Xin Gehao specially hosted a banquet on the evening of June 6th for Jung Joo-young, Lee Kun-hee, Kim Woo-joong, Jo Joong-hoon, Choi Tae-won, Koo Zi-kyung and others.

These people are basically the helmsmen of top Korean business families, and their industries cover all aspects of the Korean industry.

"The main purpose of inviting everyone to come today is to hope that everyone can lend a helping hand to me.

I believe everyone is aware of the current world business situation. Leaving aside the low-key business consortia in Western Europe, the most aggressive consortiums are the top ten consortiums in the United States, the six major consortiums in Japan, and the Xiangjiang Donghua consortium.

Now a situation has formed where the six major Japanese consortiums join forces with the Xiangjiang Donghua consortium to jointly resist the American consortium, and it is the six major Japanese consortiums and the Donghua consortium that are attacking the basic market of the American consortium on a large scale.

Regardless of historical reasons or the actual needs of our own development, we can only choose to form an alliance with the US consortium. Only in this way can our industry go out of the country and compete with Japan, Xiangjiang, and Baodao companies for the market.

I believe you can also see that Li Jianhui and the Donghua Society led by Li Jianhui have a domineering style. As long as they can enter the industry, they would like to be able to monopolize it.

You must know that the other party does not only have the retail industry in his hands, but finance, electronic semiconductors, automobiles, shipbuilding, steel, transportation, petrochemicals, communications, food and beverage, film and television media, etc. In addition to the military industry, most industries in the East China Association have involves.

Now we are a grasshopper on a rope. If we are happy to fall, the next one may be your group. "

Hearing Xin Gehao's words, Zheng Zhouyong and others also sank in their hearts. Although many people hope to see the Xin family suffer, they absolutely do not want the market vacated by the Xin family to be occupied by foreign capital.

And they also have to admit that what Xin Gehao said is true, because the industrial layout of South Korea is highly overlapping with that of Japan and Xiangjiang Baodao, and I have what you have in the three parties.

If Korean industries and products want to go global, they need to compete with industries in Japan and Xiangjiang Baodao.

Due to their own development, compared with Japanese and Xiangjiang Baodao companies, they entered the Southeast Asian market on a large scale too late. At present, the capital of Japan and Xiangjiang Baodao is mainly dominated there.

In particular, Xiangjiang Baodao enterprises have been increasing the investment scale of ASEAN in the past two years. Malay and Thailand have become the world of products of Xiangjiang Baodao enterprises.

The Japanese business community is also strong in the Philippine and Indonesian markets. Currently, Japan ranks first in foreign investment in these two countries. Whether it is automobiles or home appliances, whether it is industrial manufacturing equipment or civilian merchant ships, Japanese products occupy a dominant position.

However, the good news for the Korean business community is that the Donghua Consortium is obviously not satisfied with just dominating the Malay and Thai markets. It has recently begun to enter the Philippine market on a large scale, and it is bound to have conflicts with the Japanese business community.

As long as the two parties turn from an alliance to confrontation, the Korean business community will have an opportunity. They can learn from the former Donghua Club and rise rapidly when the two parties do not have much energy to target them.

"I believe that everyone has a general understanding of the strength of the Xinjian Department and even the Donghua Association. This time targeting Lotte is obviously just the beginning. Since our alliance with the American consortium, we have already stood on the opposite side of the Donghua Association.

I believe the Doosan Park family is just the first ally it has chosen in Korea, but it will definitely not be the last.

Its ultimate goal is to support the rapid development of a group of families who are close to the Donghuahui, so as to snatch the market of our industry, step down all of us, and dominate the Korean business community.

At this time, I also hope that everyone can give up some previous grievances and unite to deal with the attacks of the Donghua Society.

I, LG, are willing to reach a strategic cooperation with Lotte. In order to show my support for Lotte, I will initiate an initiative to the employees of the company, hoping that they will go to Lotte to shop as much as possible. "

Afterwards, Lee Kun Hee, Choi Tae Won, Jung Joo Young, Kim Woo Joong, and Jo Joong Hoon expressed their willingness to deepen cooperation with Lotte, and at the same time, they will launch initiatives in their industries to provide assistance to Lotte.

"Thank you very much for your help. With the development of the situation, it is difficult for a single family to compete with the world consortium. In this regard, Xiangjiang Baodao is obviously ahead of us. In order to make our industry more competitive, I also hope that all of us will We can join forces to form a world-class business alliance, leading our Korean companies to compete with Japanese, Xiangjiang Baodao, and even American companies around the world.”

It's a pity that those present this time did not immediately respond to Xin Gehao's proposal. The establishment of a consortium cannot be decided in a few words, and a consortium must always have a speaker. No one present is much weaker than anyone else. Others in the upper ranks will not be convinced.

Moreover, even if several consortiums unite, they will not be able to reach the height of a world-class consortium in a short period of time. Although they have a relatively wide range of industries, in terms of assets, they will be combined with Xiangjiang Xinhong, Xinya, and Xianghua at most. Almost, even the Nanjiang Club can't compare, let alone the Donghua Club, Mitsubishi, Mitsui, Citigroup, Morgan and other consortiums.

However, Xin Gehaode's proposal still moved the hearts of those present. Maybe they could not jointly establish a consortium, but South Korea not only has their top families, they can completely unite some small and medium families and pull out a side of their own. .

At that time, it will be difficult to say in the world, but in South Korea, the position of their top family is stable.

(End of this chapter)