Through the wealth life

Chapter 976 Hanjin Group
In the evening of the same day, Li Guangyu met with Jo Joong-hoon, the founder and helm of another Korean consortium, Hanjin Group.

If South Korea in the 80s and 60s was the era of Kim Woo-jung, then the [-]s was definitely the era of Jo Joong-hoon. The biggest accumulation of capital was the transportation of military supplies for the war between the United States and Vietnam.

At present, Hanjin Group is the absolute overlord in South Korea's transportation sector. Whether it is Hanjin Shipping in terms of shipping, or Korean Air, the largest private transport airline in South Korea, they are firmly in the top spot in the same industry in South Korea.

The strength of its subsidiary Hanjin Heavy Industries in the shipbuilding industry should not be underestimated. Hanjin Group is definitely one of the dominant conglomerates in South Korea. Hyundai and Daewoo can compete with it. The current Samsung may not have that qualification.

Li Jianxi's era is still in the future, and now he can't compare with Zhao Zhongxun, Jin Yuzhong and Zheng Zhouyong.

Zhao Chongxun, who was born in 1920, is in his sixties, but he is still very energetic. He looks only in his 50s, and it is not at all obvious that he is an old man who is over sixty years old.

In the reception room, after sitting down with Zhao Chongxun, Li Guangyu said: "Mr. Zhao, I am very glad to meet you. Over the years, due to various reasons, I have never met you. Today, I finally eliminated some regrets in my heart." .”

There are some reasons why Li Guangyu and Zhao Chongxun did not meet. Unlike Zheng Zhouyong, Li Jianxi, and Jin Yuzhong, Zhao Chongxun was greatly influenced by the US internally by relying on the Hanjin Group, which started to transport supplies for the US military.

The Lee consortium and the Japanese consortium are fiercely competing in the U.S. market with major consortiums and companies in the United States. Hanjin Group is obviously unwilling to participate in the competition with the United States.

At present, there is not much cooperation between Hanjin Group and the Lee Consortium, but there is greater competition. Wanbang Shipping under Cao Wenjin.

In terms of aviation, although both belong to the Star Alliance, there is also competition among them, but it is relatively less. Currently, Xiangjiang Airlines only has a few routes to South Korea that compete with Korean Air.

This time when Zhao Chongxun came here, Li Guangyu couldn't figure out what his intentions were. At present, the relationship with the Li's consortium is not bad. Li Guangyu has met several times, mainly Zheng Zhouyong, Li Jianxi, and Jin Yuzhong. The joint venture between Xinyigeji Iron Mine and Yingya Investment Company is all partners.

The relationship between Hanjin Group and Lotte Group and him is very ordinary, and the competition is greater than the cooperation, especially the Lotte Group. In the retailing of Korean supermarkets, the competition between the two parties is not small.

If the past ten years in South Korea were Kim Woo-jung's era, then Xiangjiang was definitely Lee Kwang-woo's era, and even the whole of Asia was his era.

Over the years, Zhao Chongxun has heard about this young man dozens of times. Son of God, Guardian of Goddess of Destiny, Young Genius, Legendary Youth,...

This series of praises are all on the head of the young man in front of him. There has never been anyone in the world who can compare with this one. In just eight years, the Li's consortium has become one of the top consortiums in Asia. Across finance, real estate, electronics, retail, media and other industries.

I came here to meet with Li Guangyu specially this evening, hoping to befriend Li Guangyu and prevent the Hyundai Group and the Lee Consortium from suppressing the Hanjin Group.

They also compete fiercely in South Korea, and several major consortiums have business overlaps in multiple industries. Everyone hopes that their industries can monopolize the Korean market.

Although my relationship with the United States is not bad, and I have a deep relationship with the US military, but these are not enough to guarantee the safety of Hanjin Group.

If the Hyundai Group has the full support of the Japanese consortium and the Lee consortium, it is very likely that the Hanjin Group will not be able to withstand such pressure.

Zhao Chongxun said: "Mr. Li, I have already known your name and deeds, and it is a great honor to meet with you."

In the subsequent conversation, Zhao Zhongxun proposed cooperation in aviation, and specifically hoped to establish a joint venture aircraft maintenance company at Seoul Airport with Xiangjiang Aircraft Engineering Company.

Li Guangyu himself did not want to be involved in the struggle of the Korean consortium. It is more beneficial for the cooperation with Korean Air and Xiangjiang Airlines.

Since the relationship between the two parties is not very familiar, so far only one cooperation has been discussed. As for other cooperation, it depends on the future development.

After all, the two sides have not yet established a foundation of trust, which cannot be established at once.

After sending Zhao Chongxun away, Li Guangyu said to Gan Qin: "You inform Zhao Wenhua and ask him to arrange for the chairman of Xiangjiang Engineering Company to come to Seoul to discuss the establishment of a joint venture aircraft maintenance company with Korean Air."

Gan Qin responded, "Li Sheng, I'll contact Zhao Sheng right away."

Ganqin knew that the Lee Consortium might not have the opportunity to establish its own base in South Korea. The main routes here are monopolized by Korean Air. Neither the South Korean government nor the Hanjin Group will allow Xiangjiang Airlines to use this as the main hub. route.

At present, Xiangjiang Air Transport Group has established its own bases in Xiangjiang, Taoyuan, Kuala Lumpur, Bangkok, Vancouver, and Heathrow Airports. Using these airports as the main hub, it has opened up routes to many cities around the world.

Xiangjiang Airlines will also establish a civil aviation base in Brazil and a city in Eastern Europe as its main hub airport. In this way, the layout of Xiangjiang Airlines will be basically complete.

As for the African side, Gan Qin is not quite sure what Li Guangyu's plan is. After all, the African side is not very peaceful, and the dispute between South Africa and Angola has not yet been resolved.

After Ganqin left, Li Guangyu was thinking about the relationship between these Korean consortia. Just like the Japanese consortium and the American consortium, the Korean consortium was fighting with each other.

It really echoed the old saying that where there are people, there are fights. The reason why Xiangjiang is not so fierce at present is that the strength of the Li Family Consortium is too strong, and the strength of these families is far from being comparable to the Li Family Consortium.

In addition, Xiangjiang is too small, and there is no heavy industry. It used to be the world of the British consortium for a long time, which made these families relatively united. major conflict of interest.

In addition, with Xiangjiang Bank as the center, many top families in Xiangjiang are linked together, so there is no such situation.

These conglomerates in South Korea are different. They have similar strengths and overlap in some major industries. For their own interests, they hope that the other party will go bankrupt, so that they can successfully take over the other party's market.

For example, Daewoo Heavy Industries, Hanjin Heavy Industries, and Hyundai Heavy Industries are all involved in the shipbuilding industry. Daewoo Group is also targeting the automobile industry. Daewoo Motors is the main rival of Hyundai Group in South Korea.

In the construction industry, Hyundai, Samsung, and Daewoo also seize the market from each other.

At present, the Lee Consortium and the Korea Consortium are mainly based on cooperation. Competition will be a problem after many years. Now Li Guangyu has to think about which ones to cooperate with which will be more beneficial to the Lee Consortium.

……

(End of this chapter)