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Chapter Five Hundred and Twenty One Memorandum Between the Big Three

Sir, your approach seems to be inappropriate, and there is no way out for monopoly. I hope to convince Fan Wubing.

Fan Wubing laughed and said, "This is not the right thing to do with President Li. I have heard people say that a Korean has been unable to avoid the word "Sams" since he was born."

Three things that Koreans cannot avoid in their lifetime: death, taxation and Samsung. As South Korea's largest corporate group, Samsung controls the hospital where Koreans were born, the apartments where they settled, and even the morgue where they died.

Samsung Group's sales are equivalent to one-sixth of South Korea's GDP. If this is not considered monopoly, then I really don't know what monopoly means.

Therefore, Fan Wubing felt that Lee Kun-hee's words were really funny, and Lee Kun-hee himself was also a little blushed, probably because he was a little upset about his mistake.

Since South Korea has also been affected by the fusion storm, the South Korean government and people have begun to reflect on whether South Korea's chaebol politics has serious disadvantages and what should the government do to recover the impact of these faults?

According to some recent decisions, the South Korean government plans to reorganize domestic consortiums to improve their international competitiveness. Otherwise, after IF ordered South Korea to reform its economy, a large number of foreign companies would probably regard South Korea as a huge market for dumping.

In view of this, the San_Group is also among the reorganizations, so Lee Kun-hee is also a little worried, hoping to do something to avoid the government interfering too much in his company and losing the control of the Lee family in the Samsung Group.

At present, due to the pressure of IMF and the complete defeat of the family-style consortium in the financial situation, the Korean people have deep resentment towards the consortium and believe that the consortium has a high voice to destroy Samsung by mistake. Lee Kun-hee cannot ignore his future prospects and must introduce foreign players to solve the current dilemma.

Fan Wubing came here this time, which provided him with a good opportunity.

The Lee Kun-hee family usually has a very good relationship with the government. So when the South Korean government was worried that Fan Wubing and Soros would fight against the Korean economy, they first thought of him and came to help inquire about the situation. This is also an advantage of his. It is impossible to be unfair to the policies for various major families and consortiums. Therefore, if Lee Kun-hee hopes to enjoy special treatment, he needs to make special contributions.

Li Jian thought for a long time and asked Fan Wubing. "Then what aspects of cooperation can we form?"

"This cooperation will be a lot. We can talk slowly. Mr. Soros is probably coming soon." Fan Wubing felt very proud when he saw Lee Kun-hee's move. He shifted the topic away.

When Lee Kun-hee was about to ask a few more questions, someone outside came in to report that Mr. Soros had already come.

Soros only brought two assistants, but he was not the trader but the bodyguard.

Although the old man is a firm member, he has no prejudice to a rich man like Fan Heng, and Fan Wubing is still a creditor of his land. He naturally has to be much more polite when facing such a land person.

After the host and guest seated, Fan Wubing introduced the two people for a while. Soros realized that the middle-aged man sitting in front of him was Lee Kun-hee, the president of Samsung Group who has always been quiet and unwilling to be exposed in front of the media.

"Mr. Soros, our original plan has to be adjusted because of President Li's appearance." Fan Wubing said to Soros seriously.

Soros was stunned for a moment. What plan did he have between him and Fan Wubing? But he soon realized that the meeting between the two people suddenly turned into three people. I'm afraid there was something strange about it. Otherwise, Fan Wubing would not have told him that Lee Kun-hee would participate. After all, Lee Kun-hee is also the number one person and there is no reason to be ignored.

So Soros pretended to be surprised and said, "Why? Didn't it be agreed?"

When Lee Kun-hee heard the two people's answers, she immediately felt that these two people must have had a conspiracy, otherwise they would not have said such words. He believed even more of the judgment of the South Korean intelligence department. The earlier rumor that Fan Wubing and Soros came to South Korea to make a fortune should be true.

Fan Wubing laughed in his heart. The old man Soros is also first-class in acting, pretending to be real, but he has a serious expression on his face. He glanced at Lee Kun-hee and said, "Although we discussed another test of the Korean financial system before to see if their system is still fragile. But President Lee Kun-hee comes here to ask for him and always gives him some face. After all, we are good partners. We have had good cooperation experience before and will continue to carry out deep-seated cooperation in certain areas in the future. Therefore, I think there are some things that should not be done too much. Moreover, the ability of the Korean people should be limited, and we should treat them humanely."

When Soros heard this, he immediately understood in his heart, thinking that no wonder Lee Kun-hee would appear here. It turned out that the Koreans thought that he and Fan Wubing had made a comeback to target them, but this time it was wronged.

However, Soros did not react in any special way, but asked in great cooperation, "Then, isn't our preparations wasted this time? This is a huge loss, and my clients will be disappointed! Mr. Fan, you can't put your work behind your head because of personal reasons. It is not a very wise thing to mix business and personal feelings!"

Fan Wubing replied solemnly, "We Chinese are somewhat different from you in dealing with people. We can put our friendship in front of our careers."

So, in this action, I not only have to watch the wall, but also have a chance to turn against each other."

"Mr. Fan, you can't do this-" Soros stood up excitedly. Seeing Fan Wubing's expressionless look, he sat down a little depressedly, and then said, "Oh, if this happens, our losses will be huge."

The cooperation between the two people can be said to be seamless. Although they have not been rehearsed, they are as if they are natural, as if they are real. Seeing Lee Kun-hee keeps jumping wildly in her heart and said, what a terrible disaster that these two people would be! It would be chilling when she thinks about it!

"Actually, Mr. Soros, it's not me who said you. Sometimes, the crocodile attack method may not bring much profit to you. On the contrary, investment in a gentle and drizzle may bring unexpected and generous income." Fan Wubing saw that the time was almost the same, so he

I came here, "Think about Mr. Buffett, how generous he has been over the years?"

"Mr. Fan, do you mean that I want to invest in long-term investment instead of short-term short-term short-selling speculation?" Soros asked seriously. He paid great attention to Fan Wubing, who is also a financial giant, a young man who started from scratch and created a huge financial empire. He also read some information about Fan Wubing and found that Fan Wubing's work was very large and accurate, and it was a completely display of God's hand on earth. Therefore, Fan Wubing proposed this matter, and he paid great attention to Viaya was extremely active.

Fan Wubing nodded and replied, "It's a long-term investment."

After a pause, Fan Wubing said to Soros, "South Korea's economy has been broken and defeated, and you will have no money or anything else when you suppress it. Now IF is injecting capital into South Korea to help them develop the economy and invest in the arms of a free economy. This is a good opportunity. The South Korean stock market has bottomed out. If we intervene at this time, it will not only be a benign stimulus for the South Korean government, but it can restore South Korea's economy as soon as possible, and for ourselves, it can also get very generous returns. Why don't you consider trying such a safe, safe and risk-free investment activity?"

Soros had never considered this matter, but at this time, he was a little moved after hearing Fan Wubing's analysis.

South Korea is very clear at present, economic reform is imminent. Although the finances are bleak and the stock market is sluggish, Soros is very clear that once there is a look back, the stock market that has already been oversold will inevitably rise sharply. As Fan Wubing said, the returns will be very generous.

"However, this will be very time-consuming. A lot of my funds are short-term loans." Soros hesitated, still a little unresolved.

Many of the sources of hedge funds are borrowed in the short term and raised temporarily. Soros is worried that there will be a long waiting time for him to invest in the stock market. If he cannot withdraw at that time, he will face a great crisis. This risk is too great and he will not be able to decide for a while.

However, Lee Kun-hee was motivated by the side, "The country's economy is generally positive, and the financial crisis is only temporary. As Mr. Fan said, the stock market downturn is a good time to invest. If it weren't for Samsung's equally difficult situation, I would have chosen to invest in the stock market to wait for the upward trend to reappear. Mr. Soros may not have been unable to consider Mr. Fan's opinion, this is a once-in-a-lifetime opportunity."

For Lee Kun-hee, he only completed the task assigned by the South Korean government to him. Soros and Fan Wubing should not cause trouble in the Korean financial market, and the goal is achieved. As for their investment in the stock market, it is optional. If Fan Wubing and Soros really reach a consensus to invest in the Korean stock market, then in the short term, it is also a favorable behavior for the market. At least it can stimulate the confidence of the Korean people and prompt the South Korean economy to recover as soon as possible.

Fan Wubing continued, "According to my prediction, South Korea can get on track within two years, so we have to wait for only two years. Even if you plan to operate, it will take more than half a year, or two years. The stable returns are better than anything else, which is very cost-effective."

"Two years have been too long, and any kind of variables can happen." Soros shook his head and sighed.

He not only made a gesture, but more importantly, he couldn't figure out whether Fan Wubing was lying to Lee Kun-hee about the lies, or was he really planning to cooperate with him to buy the Korean stock market at the bottom, so he needed to pass the time with contemplation and thinking to see what Fan Wubing said.

Sure enough, when Fan Wubing saw that Soros did not respond, he said with a sigh, "Aren't you just worried about the damage to funds? Why don't you do this? Since I want to help President Li, how can I make up for the losses during this period? We each took out 20 billion to invest in the Korean stock market, or the Japanese stock market that was also seriously damaged, and waited for profits for two years. If there is a loss in the future or the yield is not offset by the interest rate, I will bear the difference."

Soros only understood Fan Wubing's intentions in this way. It turned out that he came to him not just for a chat, but actually to limit his funds to a certain place for two years. It seems that his coming this time was indeed a relief for the Hong Kong Monetary Authority.

However, Soros also considered a problem. If he insisted on building the Hong Kong market, Fan Wubing would definitely not sit idly by. With what he said now, he could spend 20 billion to keep it in one place for two years, and it would not be a problem to get 20 billion more, so his situation would be a little passive.

After thinking for a while, he said, "It's not enough to just pay for the benefits. I want a 30% profit subsidy, otherwise I can't explain it to the shareholders."

Fan Wubing didn't say much and replied directly, "Twenty percent, I'll have to work harder if I have more."

"Trade!" Soros nodded in agreement.

When Lee Kun-hee saw that the two reached a consensus, she felt much more relaxed. She thought that if it weren’t for him, once the 40 billion US dollars of funds entered the Korean market to make a stir, it would be like being swept by the Pacific Wind Tuaner for more than a dozen times. The consequences would be serious!

So the three of them gathered together and then studied the way the funds operated. Fan Wubing needed to deposit his own money. In addition to the part of the money he lent to Soros and the added profit, he also needed to add another 6 billion US dollars, while Soros had to take out 20 billion, which means that the money he originally planned to enter Hong Kong needs to be transferred back this time.

Lee Kun-hee also talked with Fan Wubing for a while and made some pragmatic decisions on the cooperation between the two companies. She decided to cooperate and complement each other in mobile phones and LCD products. Samsung gave up part of the technology research and development and used the baseband chips and LCD products provided by Fan's Investment Group for low-end assembly, and then entered the US and European markets together.
Chapter completed!
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