Chapter 759: Korean Chaebol

"Lettuce has turned into golden vegetables, it seems that the supply must be limited, alas."

Coincidentally, Korean people not only began to enjoy high-priced vegetables, but even the prices of vital products such as kimchi and instant noodles began to rise.

According to a statistical data released on July 17 by the Korea National Statistical Portal.

So far this year, beef prices are up 9.4%, pork ribs are up 8.5%, cold noodles are up 8.4%, fried chicken is up 9.8%, spicy fried rice cakes are up 8.2%, and instant noodles are up 9.5%.

In addition, the price of employee canteens increased by 4.6%, and the price of box lunches increased by 7.5%.

Korean housewives also frequently complained on social platforms: "Prices have gone crazy, and the family must eat kimchi six days a week! I miss the taste of army hot pot!"

However, the hostesses around the world are surprised to find that the quality of heroines in Goryeo and Neon movies has been greatly improved recently.

Professional media such as "Korea Economics" pointed out that the recent surge in prices in Korea is related to the rise in international raw material prices, and the decline in vegetable and fruit production due to domestic extreme heat, continuous rainfall, and pests and diseases.

The analysis is clear and logical, but never mentions the pain of domestic pillar industries and chaebols.

There is also Koryo's full-name shareholding and the purchase of bonds under the full name of Neon, which is like a hidden mine that will explode at any time.

The top ten chaebols in Korea control almost 70% of Korea's GDP.

Among them, Hanxing Electronics, the leader, has already begun to dynamically lay off employees at this time.

Almost 35% of the workforce has been cut in the mobile phone project, and 25% of the workforce in the semiconductor department has been cut in just half a month.

Of course, it is not an obvious layoff and subsidy, but the project work is reduced, only the most basic salary is paid, and the core business is still maintained as usual.

This is the case for the boss, and Hyundai Motor Company, the second largest chaebol, has not fallen well.

The main business of Hyundai Motor Company is to carry out vehicle production and parts production business.

According to statistics, Hyundai's annual GDP can account for 11% of Korea's total.

Today, Hyundai Motor's technology has been surpassed by big summer companies such as BYD and Wuling, and has lost many international shares, and has also begun to lay off employees and streamline departments.

SK, LG and Lotte, these three companies accounted for 10.7%, 6.4% and 5.7% of Korea's GDP respectively.

But it can't escape the fate of sharp reduction in share and departmental layoffs.

According to unofficial and incomplete statistics, in the first two weeks of July, the unemployment rate among Koreans increased by 35%.

Even chaebol groups such as POSCO, GS Group Nonghyup, and Hyundai Heavy Industries are beginning to hoard gold, shrink business, and streamline departments.

"Everyone, here, I want to sincerely announce to everyone that Kyushu Technology has suspended its cooperation with Hanxing Electronics. If we can't deliver a satisfactory answer to Kyushu Technology, then Hanxing Electronics' semiconductor industry and display panels will all be destroyed. Back to the level of three years ago, even because of the use of Kyushu technology and too much equipment over the years, we will not be able to resume production in the short term.”

Li Zairong bowed to the heads of the Goryeo chaebol, and then closed his eyes.

As expected, after the news was announced, the meeting room immediately became noisy.

In addition to the custom of intermarriage within the Korean chaebol, many businesses are also related. The chips, display panels and other electronic products of Hansung Electronics are basically one of the core industries of everyone.

And what Li Zairong said now, the translation is: "We Hanxing Electronics will either collapse this time and take everyone to play together. Or prepare the price we can pay to make Kyushu Technology satisfied, and then everyone can continue to do business engage in production."

As for overturning Kyushu Technology?

There was no one present, Yelang was so arrogant.

In addition, everyone was also very curious amidst the anger, what exactly did Hanxing Electronics do that caused such hostility to Kyushu Technology.

Facing everyone's doubts, Li Zairong bowed again.

Then he said with a look of embarrassment: "They need to understand the specific technology and equipment parameters of Daxia's silicon-based semiconductor industry, so we...

Last year, we used the excuse of bumps in the transportation process to cause some problems with the lithography machine sent by Pudong Microelectronics. We also took the opportunity to do some tricks, but it was obvious that Kyushu Technology was aware of it. "

As for the little tricks he made at home, Li Zairong is very familiar with them.

And the faces of the other people in the meeting room are becoming more and more ugly. Even if it is not for good emotional control and tight security, some people may already want to stage a full-scale martial arts.

"Xiba! You really do what they tell you to do?! You are Hansung Electronics, the pride of Korea! Why are you so weak!"

"When we integrated the industry, you took the resources and inherited the semiconductors of Neon, but now you can only beg for technology donations from Daxia Enterprise?!"

"Let Wall Street pay for it! We won't pay a penny of this money!"

"In order to survive the coming crisis, Hyundai has canceled several projects, and this loss is largely due to you, Hansung Electronics!"

"Shame! It's a shame!"

The word impotent rage fits the situation right now.

I don't have the ability to scold Uncle Sam and Wall Street face to face, but I can still do things like pointing at Han Xing who has sunk into the sky and is heavily in debt.

But after the rage, everyone gasped heavily, and still had to sit down and come up with a solution.

"With regard to money, we can ask the Blue House to issue more special government bonds and corporate subsidies, which can not only relieve our financial pressure, but also create a greater living space."

"AS-ML's new lithography machine and TSMC's 3-nanometer process, it is said that if the yield rate and cost are not taken into account, they can already match the chip performance of the Titan processor. TSMC can do it, but you Hanxing Electronics can't do it?"

"I think the most important thing is to maintain a good cooperative relationship with Kyushu Technology and get the carbon-based chip technology as soon as possible. If we can get the carbon-based chip, the intelligent control system of the whole vehicle can be greatly improved. I heard that Now Tesla is already seeking Kyushu Technology to sell carbon-based chips to solve the crashes and system bugs of Tesla electric cars."

With the collective wisdom and efforts, everyone can only act as paper painters to come up with old-fashioned tricks.

Economy and science and technology are two head-to-head industries. The former is backed by the military, the latter is based on national strength, and Goryeo is obviously neither.

And when the atmosphere of the meeting became more and more anxious, the head of Hyundai Group suddenly roared.

"How dare they!?"

PS: Good morning, everyone.