Counterattack 1988

Chapter 1701 Acquisitions

Wang Lin also did not offer an offer on the spot.

Because he doesn't know much about the status quo of LG's semiconductors.

Therefore, Wang Lin proposed to Chairman Gu that he wanted to visit and understand LG Semiconductor.

President Gu immediately agreed, and he will personally lead Wang Lin to visit LG Semiconductor.

In the 80s, South Korean companies entered the DRAM field one after another. Major companies include Samsung, Hyundai Electronics and LG Semiconductor.

At this time, the DRAM market is dominated by Japanese companies, and South Korea is basically in the role of a follower.After entering the 90s, South Korean companies adopted more advanced lithography equipment, and Dongyang equipment was gradually eliminated. By 1995, the market share of South Korean DRAM companies was about to surpass Dongyang.

However, this carnival of semiconductors quickly became saturated with the crazy construction of factories around the world, and then began to decline.

LG Semiconductor's financial report this year is not very good.

With the advent of the financial crisis, LG Semiconductor went from bad to worse, and finally under the leadership of the South Korean government, the semiconductor business was integrated into Hyundai.

Later, Hyundai separated its semiconductors, which later became Hynix.

When Wang Lin wanted to acquire LG's semiconductor business, it was not a question of how much money he paid, but a question of whether South Korea approved it or not.

But this year, the United States has not been too strict with my country's semiconductor controls.The biggest resistance may come from South Korea.

After all, my country's semiconductor industry is completely backward, and it is not enough to attract Midi's attention.

This is also the best time for Wang Lin!

Missing this opportunity, Wang Lin's attempt to acquire LG Semiconductor is probably just a dream.

To Wang Lin's surprise, LG has its own silicon wafer factory.

From all aspects, LG Semiconductor met Wang Lin's expectations, and even exceeded his expectations.

Wang Lin is already planning to relocate LG Semiconductors to China as a whole after the acquisition, so as to prevent nights and dreams.

He immediately expressed with Chairman Gu that he was willing to acquire LG Semiconductor, and offered 5 million US dollars.
In 1985, LG Semiconductor began to make efforts. Judging from the background of South Korea's national investment in semiconductors at that time, this was a good choice.

However, 10 years later, President Gu, who has just become the head of LG, wants to hand him over to others.

President Gu is of course reluctant.

But he still made this decision.

And in the future, he will regret this decision he made!

President Gu was still hesitating whether to sell LG Semiconductor to Wang Lin.

But when he heard the price offered by Wang Lin, his heart was moved.

Over the years, LG has racked up debt because of its expansion.

In fact, most of the conglomerates in South Korea owe high debts.

This point is similar to the real estate tycoons of later generations in our country. The bigger the stall, the more debt the company has.

In good times, these debts are not a burden.

But once there is a financial crisis, debt will overwhelm the business.

In order to survive, enterprises have to reluctantly part with others and transfer some of their industries.

LG's main business is still based on chemical, energy, electrical and other industries, and its subsidiary Lexi Chemical and Jinxing Electric Wire are its pillar industries.

If one of the industries had to be abandoned, it would of course choose the humble semiconductor.

After thinking twice, President Gu finally agreed to Wang Lin's acquisition request.

After all, Wang Lin made an offer that he couldn't refuse.

As for this acquisition case, only the parties involved will know how much Wang Lin paid.

This is a commercial secret and will not be disclosed easily.

Judging from President Gu's willingness to accept it, the price Wang Lin offered was definitely not low.

The two discussed the specific transaction again.

Wang Lin asked Chairman Gu, will your Congress approve this acquisition?
President Gu also had the same worry, and fell silent.

Wang Lin proposed a solution.

LG has invested and built a factory in my country, and can also increase investment to transfer all the semiconductor industry to my country, and then announce and complete the acquisition.

President Gu said that there is no need to be so troublesome. I will sell my business as soon as I want, and I will convince others.

After the acquisition intention is reached, it will take time to complete the transaction.

What Wang Lin is most afraid of is that there will be changes in the middle.

As long as the South Korean side disagrees, or the United States intervenes, the acquisition will fail.

However, it was useless for him to worry.

Even he had to behave very calmly.

When he asked the price, he acted like a layman and was eager to enter the semiconductor industry, so he made a big price out of his mouth.

Only in this way can Chairman Gu take the bait.

Chairman Gu told Wang Lin that when everything was ready, he would notify Wang Lin and then complete the acquisition.

In order to urge Chairman Gu to complete the acquisition, Wang Lin deliberately mentioned several Toyo semiconductor companies.

With the sanctions imposed by the United States on Toyo, Toyo's once prosperous semiconductor industry has gradually declined, and many semiconductor companies have come to the brink of bankruptcy.

It is also possible for Wang Lin to acquire Toyo's semiconductor company.

Chairman Gu believed this.

Therefore, President Gu said repeatedly, please rest assured Wang Lin, after you return to China, wait patiently for now, I will communicate with all parties as soon as possible, and then smoothly advance this acquisition.

After visiting LG Semiconductor, it was around four o'clock in the afternoon. At noon, Wang Lin had a working meal at LG.

President Gu must invite Wang Lin to dinner, saying that you are a guest from afar, and I want to treat you to the best food in Korea.

Wang Lin just came to South Korea, so he really doesn't know what the best food in South Korea is.

He smiled: "Isn't your best food just barbecue?"

President Gu laughed loudly and said, "It seems that Mr. Wang Lin has already tasted our local barbecue?"

Wang Lin said: "I have eaten."

President Gu said: "There are many types of barbecue. I invite you to the best restaurant in Seoul to have a barbecue. You will know that Korean barbecue can be so advanced!"

Wang Lin had nothing to do, because he had just received a call from Zhou Boqiang. Their trip in Busan was not over yet, and they might not be able to return to Seoul until tomorrow.

In other words, Wang Lin has no one to accompany him tonight, only Uncle Zhong and him stay in Seoul!
Wang Lin promised President Gu to attend the dinner.

The place where Chairman Gu treats guests is a restaurant with a history of more than 40 years.

Wang Lin glanced at the signboard, it was all in Korean, he couldn't recognize those words, he could only feel ashamed.

The popularity of retro elements is not a patent of my country's service industry.

In this restaurant in Seoul, the clothes worn by the waiters are the ancient costumes of South Korea, or the local national costumes.

The decoration of the restaurant is very high-end, which is quite different from the restaurants Wang Lin has been to before, and the service is very thoughtful and warm.

The food here is very complete, and the barbecue is of course essential.

In addition to general barbecue, beef tongue, seafood and other ingredients are also available here.

The restaurant only uses the most tender middle part of the beef tongue, which is thickly sliced, and it can be eaten when it is grilled to medium rare. The taste is as amazing as barbecue!
The secret sauce enhances the taste several levels.

The fried squid is also very special. It uses the most tender and smooth meat of the squid. Instead of cutting rings, it is a piece of squid meat. It not only looks pleasing to the eye, but also tastes amazing.

In addition to grilled meat and chicken cutlet, fried squid, there are exquisite dishes.

Among them is a soup made from deep-sea cod roe. The roe is full and elastic, just like tofu. The side dishes include bean sprouts, spicy cabbage, clams, and tofu.A full spoonful is full of dry goods, and the entrance is extremely delicious.

It is said that only locals in South Korea can order this dish, and few foreigners know about this dish.

The wine here is also very special, just like the wine in the bar, it is all prepared.

Each wine also has a very beautiful name.

For example, Midnight Blue, THE Girl, The Beauty Inside and so on, the names are very dreamy.

Wang Lin ordered an In One.

This glass of wine is very large, as much as three glasses of other wine. It contains pineapple juice, lemon juice, and American plum syrup, which makes the whole glass of wine add the sweet and sour fruit on the basis of the strength, and the aftertaste is endless.

President Gu invited Wang Lin to a banquet, and he didn't bring too many people with him, only a secretary.

This secretary was Wang Lin who had met once before, and she barely ate anything the whole time, she was just doing service.

It took more than an hour for a meal to go away.

President Gu wants to send a car to take Wang Lin back to the hotel.

Wang Lin said no need, I still want to go shopping.

President Gu ordered the secretary beside him to let her accompany Wang Lin.

Wang Lin shook his hand and said no, I just walked back to the hotel.

President Gu stopped insisting and bid farewell to Wang Lin.

Wang Lin and Uncle Zhong went shopping at any time.

He mainly wanted to buy some souvenirs.

Anyway, I have been to South Korea once, so I have to buy a few things to give away at home, right?
My wife and children didn't come with me, so I had to buy some gifts for them.

South Korea's Korean ginseng is quite famous, and it is very suitable to buy as a gift.

In addition, South Korea also has a lot of handicrafts, which are rare in China.

In terms of food, there are seaweed and Hongchuan red ginseng.

Wang Lin also bought some.

South Korean clothing is also very trendy.

However, Wang Lin has Xiuzhilin clothing in various fashionable styles, so there is no need to spend this money in South Korea.

Wang Lin didn't return to the hotel until ten o'clock in the evening.

He made a phone call with Shen Xue and Zhou Porridge.

Shen Xue and the others also reported today's itinerary to Wang Lin.

Zhou Congee provided a message: "Wang Lin, Liu Zhisheng's company management is not good. Are you seriously considering cooperating with them?"

Wang Lin was shocked: "We went to their headquarters to see it, it's very good!"

Zhou Congee said: "But the factory management here is very low, even worse than our Aixiu Group!"

Wang Lin smiled and said, "Perhaps, that's why he hired us as an OEM? Isn't it better?"

Zhou Congee said: "That's right. Maybe my requirements are too high?"

Wang Lin smiled and said, "Don't think too much about it, we just help him to do the contract work, pay the money and deliver the goods, we can't lose money."

Zhou Porridge hummed, and said, "Did you go somewhere to play? You came back so late!"

Wang Lindao: "I stayed at LG company all day, just finished eating with President Gu, went shopping and bought some special products, and then went back to the hotel. Do you think I'm good or not?"

Zhou Congee smiled and said, "Did you really not go out to find a woman?"

Wang Lin said speechlessly: "Who do you think I am?"

Zhou Porridge laughed and said, "There are so many glass houses on the streets of Seoul, with red lights on, don't you want to take a look?"

Wang Lin said: "Okay, I'll go now!"

Zhou Congee said, "How dare you! I'll tell Wenxiu to go!"

Wang Lindao: "You don't need to tell Wenxiu, you can control me."

At this time, there was a knock on the door suddenly.

Surprised, Wang Lin thought to himself that it was so late, and there was no acquaintance in this foreign country, who would come to find me?
(End of this chapter)