Chapter 766 Under the Iron Fist

And those companies like Hyundai Motor and S0M, which were poorly educated by Han Xing Electronics, were also confused.

Hitting and punching, why was he suddenly punched twice by Ye Iron Fist?

"As a member of the Kyushu Alliance, our company solemnly informs your company that after the current order ends, the supply of raw materials will be temporarily suspended for the next quarter's orders due to insufficient factory capacity and improved technology.

According to the new contract signed last year, for this reason, our company will pay 200% of your deposit. Since your company chose the down payment contract when signing a new contract with our company, our company will make the payment within seven working days after the delivery is actually delayed in the next quarter. "

The head of the Hyundai Group is Zheng Xuanyi. Of course, it belongs to the traditional Koryo inheritance of the father. It has been personally leading the layout of Hyundai Motor in the field of electrification and autonomous driving. With the strong rise of big summer car companies, Hyundai Group's car business and heavy industry business are getting worse quarter by quarter.

But a lean camel is bigger than a horse. Even though the business has declined in recent years, the total amount is still very impressive.

For example, in the fourth quarter of 1021, Hyundai Motor sold a total of 960,600 vehicles, a year-on-year decrease of 15.7% over the same period in 1010. Retail sales in the Daxia market also fell by 23.3% year-on-year, far from the target of 560,000 units set at the beginning of the year, and even sales in the fourth quarter were only 87,000 units, a year-on-year decrease of 42.9%.

But now, not to mention the sale of Hyundai Motor, the problem of raw materials after the next quarter has become a big problem.

A clever woman can't cook without rice. After Zheng Xuanyi heard the news, he immediately lowered his dignity and took the initiative to contact these Daxia suppliers, add money, sign long-term contracts, and even hinted that Hyundai Group would have a big return. Crazy' big summer suppliers were turned down.

"I'm sorry, President Zheng, it's not that our company deliberately made things difficult for your company, but the technical upgrade in the factory, we need to spare some time."

This is rather tactful, while some said bluntly: "There is already a cooperative company that has set up all our material production capacity in the future, and your company's priority is lower than that company, so please apologize."

Who wants to hear where others say "sorry" to themselves these days?

As the leader of Hyundai Group, Zheng Xuanyi didn't know the implication of these people, that is, the boss of Kyushu Technology was angry, and these younger brothers had to listen to the boss.

The Hyundai Group can only be regarded as being innocent, and the real core contradiction is still on Hanxing Electronics.

"Li Zairong really offended Kyushu Technology to death, let that kid Gu Qing target us like this."

While thinking about it, Hyundai Group still couldn't speak up.

Korea is an island country with scarce resources so that it is impossible to develop heavy industry, so once the raw materials in Daxia are cut off, the production tasks of Hyundai Group will be forced to stagnate.

While arguing with the former Daxia suppliers, Korean companies such as Hyundai Group are also looking for new suppliers in the global market.

For example, Mao Xiong, India↑↓Guo Jia, who sells resources, has a lot of choices. Although the materials they supply still need more refined processing, they are at least "usable".

The disadvantage is that transportation costs and material smelting and processing costs have soared, and this has reflected in the market that the prices of Hyundai Group's automobiles and heavy industry equipment have begun to be forced to rise.

Originally, it was a Korean car with an advantage in cost performance. After the price rose, the market share began to decrease visible to the naked eye.

And the S0M company was beaten to death by the hammer this time.

Korea S0M Entertainment Co., Ltd. is a large-scale artist planning and brokerage company in Korea, founded by Li Xiuman, who was born as a singer. The abbreviation of its name was banned by Daxia Internet literary circles, but the translation means "Star Museum, Hall of Fame".

Perhaps it is because the company lives up to its name, and many star artists of this large artist planning and agency company have indeed suffered from the abbreviation of its name.

Originally, in recent years, the Korean wave has been quite uncomfortable in Daxia. Kyushu Technology took the lead, and the Daxia Entertainment Company showed their loyalty even more.

All the notices related to Korean stars in Daxia, if they can be cut, are all cut. If you really can't cut it, just put it in the corner to eat ashes.

Movies, TV dramas, endorsements, those who can terminate the cooperation, all of them will be terminated. If it cannot be terminated, either start to use technology, play mosaics, change faces, change people, or reduce the number of scenes and appearances.

In the entire cultural and entertainment industry in Daxia, no one dares to take the words of Kyushu Technology as a deaf ear.

Special effects equipment and data processing are inseparable from Kyushu Technology's Rocky X1 processor, and many special effects companies even use the "cheap and top-notch" Titan processor.

There is also the influence of the Lingjing ecology in the entertainment industry of Daxia, the Kyushu entertainment platform has a large number of creators around the world, cultural and entertainment cooperation IP, and the most important official attitude.

No matter what Yanjing circle or Hong Kong and Ryukyu circles, they all regard the once-hot Korean star as a hot potato, and you throw it away and everyone throws it away.

In addition, there are those families and companies with senior leaders who have been cut off from the supply of Taoyao, and can still buy them at high prices on the black market, but the threat of being cut off from the number of bionic mechanical prosthetics is simply their second. Life.

Even if there is a small amount of liquidated damages for supply cuts, contract terminations, and business contract terminations, how can the losses suffered by Korean companies that rely heavily on exports and the entertainment industry be compensated by such a small amount of liquidated damages.

What's more, after the announcement of the Kyushu Alliance, the valuations of stocks and commercial bonds of all Korean companies on the list began to plunge.

The first one is of course Hansung Electronics, the latest data shows that the company's share price plummeted 7.38% in just one week.

As of August 7th, the market value of Hansung Electronics fell to about 300 billion US dollars, accounting for 18.21% of the total market value of the Koryo Composite Stock Index.

This is the first time since the rise of Daxia Semiconductor, Hanxing has fallen below the 300 billion US dollar mark.

The most important thing is that, although the sum of these two years has fallen by more than 100 billion U.S. dollars, Hansung Electronics' share of the total market capitalization of the Koryo Composite Stock Index has not changed much.

This shows that Korea's overall financial and economic strength is beginning to shrink to a degree visible to the naked eye.

After Korea Star, the stocks of chaebol companies such as Hyundai Group also shrank to varying degrees, and the stocks of S0M, Y0G, and J0YP, the three major entertainment companies in Korea, plummeted directly.

It is strange to say that the plummeting stocks of Hansung Electronics and Hyundai Group did not appear in the hot searches in Korea, but the market value plunges of the three strongest Korean entertainment companies were in the hot searches on Korean social platforms. It directly dominated the hot search list for several days.