Hong Kong: Rise of the Kings.

Chapter 1056 1042 [South Korean Tycoon]

This way——
After Yan Xiong was sent out by Zhuang Dingxian, Du Yongxiao, who had just gone upstairs to change his clothes, sat down at the dining table again, picked up the teacup, looked at Jiang Ling'er and Jiang Muling and said, "What Yan Xiong said just now is right. Monopoly is wrong. When doing business, you can't just rely on monopoly to make money. To put it more bluntly, no one in this world can monopolize an industry for a lifetime. What's more, Thailand has almost repaid its kindness to you. If you continue like this, those businessmen and the public will dare not speak out, and in the end they will only vent their grievances on the King of Thailand. This is not a good phenomenon--" "Yes, if we treat the King of Thailand to this point, not only will we lose his kindness, but we may also offend him and have hatred." Jiang Muling, the brother-in-law, said, "Instead of reaching that point, it is better for us to withdraw on our own initiative. Just like Mr. Du said, we should make a living by our real ability and stop monopolizing."

"Ling'er, this is our opinion, what do you think?" Du Yongxiao took a sip of warm tea calmly and asked Jiang Ling'er. "Anyway, the business here is yours. I just give some suggestions. As for decision-making, I will never interfere."

Jiang Ling'er smiled, "I have no objection, you are all right! In fact, I knew a long time ago that this kind of business would not last long. A business full of complaints, no matter how much money it makes, is not a long-term solution. Now I am going to work hard in the mainland, so the business here will be handed over to you, brother. No matter what you do, I support you!"

Jiang Ling'er said this and looked at Jiang Muling.

Jiang Muling felt a warm current in his heart, and he felt Jiang Ling'er's trust in him. He nodded and said, "Okay, I will get this done."

Du Yongxiao nodded.

"Then it's settled. By the way, tomorrow I will attend the Thousand Buddhas Banquet hosted by the King of Thailand. You should bring Xiao Tangyuan with you!" Du Yongxiao said to Jiang Ling'er.

Jiang Ling'er nodded, knowing that Du Yongxiao had a reason for saying this. She had saved the King of Thailand before, so even if they were acquaintances in the past, there would be many big shots present at such occasions, even politicians from various countries, business tycoons, etc. Du Yongxiao meant for her to get to know more people and make plans for future business expansion.

Jiang Muling was also very happy in her heart. Du Yongxiao remembered him even for such a thing, which showed that he did not treat him as an outsider.

From this moment on, Jiang Muling completely let go of her obsession, integrated into Du Yongxiao's big family, and regarded Du Yongxiao as her benefactor.

……

The next day—
Du Yongxiao took Jiang Ling'er and others to the Thai Palace early in the morning to attend the annual Ten Thousand Buddhas Banquet.

The Thai Banquet of a Thousand Buddhas is a large-scale event held after the Ten Thousand Buddhas Festival. It mainly invites dignitaries from various countries and business celebrities to participate in the banquet, and everyone gathers together to celebrate the Ten Thousand Buddhas Festival.

After arriving at the palace, Du Yongxiao was honored to be invited to have a private meeting with many Thai bigwigs and royal heads in the conference room for more than three hours.

Other politicians and business tycoons are all envious and jealous of this, after all, they don't have such treatment.

During the secret talks, Du Yongxiao reached several agreements with everyone. Anyway, Du Yongxiao's business empire is getting bigger and bigger now. Since he can cooperate with Thailand's Charoen Pokphand Group, he can also cooperate with other large Thai companies, which is a win-win situation for both parties.

Among them, Du Yongxiao promised everyone that he would invest a total of 3 billion US dollars in Thailand over a period of ten years. If the situation or policy permits, he could increase the amount to 6 billion, which means doubling it.

Du Yongxiao is confident in saying this. Many of his companies are not listed, so he is not afraid of stock market fluctuations. The cash flow that Du Yongxiao values ​​most is now very sufficient. Not to mention anything else, the investment income in Africa alone is now calculated in the billions every year. Therefore, investing 3 billion in Thailand over ten years is a piece of cake and is not a problem at all.

Du Yongxiao's promise made everyone very happy, especially the royal family and others. They praised Du Yongxiao as a super good friend and welcomed international friends like Du Yongxiao to invest in Thailand.

Du Yongxiao finished the secret talk and walked out of the conference room. All he saw were eyes of envy and jealousy.

Naiwang, the leader of the Democrat Party and a big shot in Thai politics, personally introduced international politicians and tycoons to Du Yongxiao.

Many of those people are from Southeast Asian countries, such as Malaysia and the Philippines. Those with higher status include bigwigs from Japan and South Korea.

When Naiwang introduced a muscular Asian man to Du Yongxiao, the man was very enthusiastic. Before Du Yongxiao could reach out his hand, he took the initiative to extend his hand and said to Du Yongxiao in a very respectful and worshipful manner: "Hello, Mr. Du, nice to meet you! I am Li Jianxi, vice president of Samsung C&T Co., Ltd. of South Korea!"

"Samsung Trading?" Du Yongxiao was slightly stunned and looked at the other party.

The man looked to be about thirty-six years old, with a strong build, chubby cheeks, a full forehead, and wearing a pair of gold-rimmed glasses. His wolf eyes flashed with a scorching light under his thick eyebrows, which formed a sharp contrast with the smile on his face, giving people a sinister feeling.

Overall, the other person was dressed very appropriately, his hair was combed meticulously, his suit was well-fitting, and he was wearing a light cologne, giving people a gentlemanly feeling.

Only Du Yongxiao knows that Mr. Li Jianxi is no ordinary person, but the future heir of Samsung Group. Together with his father, Lee Byung-chul, the founder of Samsung Group, they are known as the "Taejo Taizong" of Samsung Group in the Republic of Korea, and are also the true "Emperor" of South Korea in the future.

There is a saying in South Korea that you cannot live without Samsung from the time you are born to the time you die. The hospital where you are born, the milk powder you drink, the school you go to, the school uniform you wear, the house you live in, the funeral home you go to when you die, the coffin and urn you use, and even the hearse that picks you up are almost all made by Samsung.

"Hello, how can I help you?" Du Yongxiao said indifferently. Du Yongxiao did not have any good feelings towards the "prince" of Samsung Group, but of course, he did not have any bad feelings either.

"It's like this, Mr. Du, I have admired you for a long time. I wonder if I can talk to you in private. There are many things I want to ask you!" Li Jianxi is a big man in his thirties after all. When he used the word "ask you for advice" to talk to Du Yongxiao, how could Du Yongxiao not give him face.

"I'm not worthy of your advice. Why don't we go sit over there first?" Du Yongxiao pointed to the leisure area not far from the banquet hall.

"Very good! Thank you Mr. Du for your honor!" Li Jianxi said, waving to a place not far away, "Fuzhen, come here, go over there with daddy, don't run around!"

As they were talking, a girl of about eight or nine years old in a pink and blue skirt came skipping over from a distance, led by a woman's hand.

Li Jianxi pointed at the little girl and introduced her to Du Yongxiao: "This is my daughter, Li Fuzhen. She is accompanying me to Thailand this time! Fuzhen, why don't you call Mr. Du quickly?"

"Hello, Mr. Du!" Lee Boo-jin bowed and greeted Du Yongxiao politely.

Although Lee Boo-jin is small, she is very cute, with black hair draped vertically on her shoulders like a waterfall. She has a fair oval face and a pair of big watery eyes under her curved eyebrows. At this moment, she is blinking at Du Yongxiao, looking at this unrealistically handsome uncle with curiosity.

Du Yongxiao looked at Lee Boo-jin and thought that this girl's future marriage would be very unfortunate. What a pity for such a beautiful girl.

"Your name is Lee Boo-jin, right? Nice to meet you." Du Yongxiao smiled and extended his hand to Lee Boo-jin.

Li Fuzhen giggled, held Du Yongxiao's fingers with her little hands and shook them, saying: "I'm glad to meet you too! Big brother, you are really handsome."

"Fuzhen, how can you talk like that? How can you call Mr. Du "big brother"? It's so rude!" Li Jianxi scolded from the side.

Lee Boo-jin turned her head to look at her father and stuck out her tongue playfully. At this moment, she was not afraid of her future Samsung tyrant father at all.

Facts have proved that Lee Jianxi is also a natural daughter slave and he is indeed very doting on Lee Boo Jin, which led to Lee Boo Jin's rebellion when she grew up and she chose a servant-level driver as her husband.

"Fuzhen, don't be so rude!" the woman next to her scolded.

Li Jianxi introduced the woman to Du Yongxiao again, saying that she was his first wife, Ms. Luo Hongxi.

Du Yongxiao greeted Luo Hongxi again, and then everyone went to the rest area.

……

After Du Yongxiao sat down, he began to talk with Li Jianxi.

Ms. Luo Hongxi sat next to her, holding her daughter Lee Boo-jin. Fearing that her daughter would be anxious, she found a picture book for her to read, and she stood by as an audience for the conversation between her husband and Du Yongxiao.

Li Jianxi seemed to have something to ask of Du Yongxiao, but did not speak directly. Instead, he talked about the founding history of Samsung Group.

Du Yongxiao drank coffee and listened patiently. Sometimes when interacting with people or doing business with them, listening to others is a very important art.

1938年3月1日，三星前任会长李秉哲先生以3万韩元（按当今汇率约为人民币200余元）在韩国大邱市成立了“三星商会”。

In the early days, Samsung's main business was to export Korean dried fish, vegetables, fruits, etc. to BJ and Manchuria in China. Soon after, Samsung built a factory and began to produce and sell flour and sugar.

In 1948, Samsung moved its office to Seoul, the capital of South Korea, and established Samsung C&T. The establishment of Samsung C&T marked the official start of Samsung's international trade business.

At that time when the corporate atmosphere was still relatively conservative, Samsung allowed employees to participate in investment and profit sharing, and rewarded employees who had made outstanding achievements. Samsung's unique management style began to become famous in South Korea.

In 1945, South Korea broke free from Japanese rule, but the Korean economy at that time became extremely unstable due to social and political unrest.

In 1951, Samsung moved the company to Busan, a port city in southeastern Korea, and established Samsung C&T Co., Ltd. At a time when materials were extremely scarce in Korea and various daily necessities were heavily dependent on imports, Samsung began to develop in the production field in order to help restore and develop the Korean economy and realize its concept of "serving the country through business."

It is worth mentioning that in the mid-50s, most Korean companies hired employees through connections in schools, families and relatives. Samsung took the lead in establishing an open recruitment system and worked hard to improve labor efficiency and employee welfare.

In 1965, 55-year-old Samsung founder Lee Byung-chul began to consider the issue of succession to the Samsung Group.

At that time, the youngest of his three sons, Lee Gun-hee, was younger, so he was sent to the United States for further studies. The eldest son, Lee Maeng-hee, 34, and the second son, Lee Chang-hee, 32, took over the Samsung business. However, with the chemical factory scandal, the power struggle and the poor management of the company, Lee Byung-chul gradually lost trust in his two sons. In the midst of the chaos, Lee Byung-chul gave up training them and ultimately did not hand over Samsung's core business to them.

In 1968, after Lee Mong-hee and Lee Chang-hee lost their inheritance rights to the Samsung Group, Lee Geon-hee, the third son, began to enter Lee Byung-chul's vision.

In fact, Lee Byung-chul has a fourth son, but the fourth son was born to Lee Byung-chul and another woman, so he has never been involved in the competition for Samsung's inheritance rights.

After Li Jianxi returned to Korea, as the only candidate for succession, he was not directly assigned to the senior management position, but was sent to the grassroots level to start as an announcer. After several years of hard work and struggle, in 1978, when Li Jianxi was 36 years old this year, he was promoted by his father to the vice chairman of Samsung Corporation.

Although Lee Gun-hee is identified by his father as the future heir to the Samsung Group, his position is not very stable, especially since his elder brother Lee Meng-hee and second brother Lee Chang-hee are not easy to deal with and will definitely not watch him snatch the position of crown prince and then inherit the throne.

Li Jianxi knew that if he wanted to secure his position as crown prince, he had to make some achievements. Looking at all the subsidiaries and businesses of Samsung Group, the most powerful pillar industry was Samsung Electronics.

Samsung Electronics was founded by Samsung founder Lee Byung-chul in 1969. At the beginning of its establishment, the company assembled black-and-white TVs for Japan's Sanyo Corporation. In the same year, Samsung also invested in a joint venture with Sanyo Electric and Sumitomo Corporation to establish Samsung Sanyo Electric, and began to sell and export black-and-white TVs domestically.

In 1974, Samsung Electronics entered the washing machine and refrigerator market; in 1979, Samsung Electronics entered the microwave oven market.

The general background at that time was that the South Korean government encouraged exports. In 1978, that is, this year, Samsung's production of black-and-white TVs surpassed Panasonic and ranked first in the world.

But until the late 1970s, Samsung's capabilities were limited to product assembly, and key components had to be purchased from Japanese companies.

At this time, Samsung's product quality was very poor. For example, the fan produced by Samsung Electronics had a neck that was easily broken due to rough design and production. Gradually, Samsung made up for the lack of production capacity through mergers and acquisitions. To this end, Samsung Group acquired 50% of the shares of Korea Semiconductor Company and entered the semiconductor industry.

However, this decision directly led to financial difficulties for Samsung Electronics, especially in semiconductor research and development, where huge investments have always been made but the benefits have to be left to fate.

In the previous life, South Korea filmed a TV series called "The Youngest Son of the Chaebol Family", which actually reflected the South Korean Samsung family.

The family's entry into the semiconductor industry also encountered many twists and turns, as the investment was huge and the returns were minimal, and it almost led to the bankruptcy of Samsung Electronics.

Samsung Electronics is now facing such a dilemma. It wants to continue to enter the semiconductor industry and acquire the remaining 50% of the shares of Korea Semiconductor Company, but it is struggling to come up with the money!
For this reason, Samsung's head Lee Byung-chul made a harsh statement to his children that whoever could raise money for Samsung to acquire a semiconductor company would be the future leader of the Samsung Group.

This sentence was like a thunderbolt, and it immediately gave the eldest brother Li Mengxi and the second brother Li Changxi a stimulant.

The opportunity is coming!

As long as they can find the money, they will be the princes and can be replaced by the current third brother.

Faced with this scene, Li Jianxi certainly would not sit idly by and wait for death.

In addition to discussing cooperation, his purpose in coming to Thailand this time was to find funds to provide a transfusion to Samsung Electronics.

(End of this chapter)