Chapter 2684 The strange rich third generation

The mistake LG made is a typical mistake in the technology industry.

Many technology companies have been eliminated by the times because of backward technological research and development. However, instead of being eliminated due to lagging behind in self-research, more technology companies have gone bankrupt because self-research is too expensive.

If your own technology is lagging behind, you can just buy other people's advanced intellectual property and apply it to your own products. But once a huge amount of money is invested in self-research and it fails, it is only one step away from death.

Domestic smartphone manufacturers did not start too early, at least five or six years later than the technology giants in South Korea and Japan. However, after domestic mobile phone manufacturers started, they developed rapidly. Not only was the product well-done, but the market, design, and marketing were also well-done, and it soon spread all over the world.

When domestic mobile phone manufacturers collectively attack, there will be only three types of mobile phones left in the world - Apple, Samsung and domestic mobile phones.

The reason why domestic mobile phone manufacturers are doing so well is because they have continued the line of "trade, industry and technology".

Don’t do self-research yet.

I don’t know how many technology companies have died on this road.

The rapid decline of Korean and Japanese smartphones and the rapid rise of domestic mobile phones is because Korean and Japanese technology companies have a preference for self-research.

However, how can the things they develop compare with the world's top accessories manufacturers?

If you do that, you can only make second-rate products.

Moreover, the R\u0026D costs have to be spread evenly, which makes the price very expensive.

Domestic mobile phone manufacturers do not engage in self-research, but use top-notch supply chain integration thinking. They do not base themselves on technology, but put themselves in the role of solution integrators, buying the best and most suitable spare parts in the world. Come on over and put it all together...to create a great product at a great price.

On one side are first-rate products with good quality and low price, and on the other side are second-rate products with high price.

Consumers vote with their money.

There is no doubt that they will choose the former.

When domestic mobile phone manufacturers have relied on the integrated solution assembly model to seize the market, the country will have the most powerful mobile phone supply chain system.

The first step is to survive.

The second step is to live a wonderful life.

The third step is to find more profit margins and reduce costs. How to reduce costs? The spare parts purchased from foreign countries are too expensive. If we develop them ourselves... the cost can be greatly reduced.

When the third step is reached, the market and stock price will also force mobile phone manufacturers to make similar bold decisions - either the stock price will languish for a long time, or they will take a gamble... and engage in self-research!

This is the route that many major domestic technology companies generally choose to take given the weak foundation of the domestic technology industry, and it is also the most realistic strategy. However, when most technology companies have achieved the step of "living a wonderful life", some people get jealous and rush out to cause trouble. It is difficult to live a wonderful life.

Many companies in South Korea and Japan are more traditional, following the growth path of American technology... But the United States has grown up. If you try to copy the American growth path, how can you compete with the United States?

Especially in South Korea, there have never been any world-class entrepreneurs. They are all passed down from father to father, and from father to son, with no systematic understanding at all.

Kim Beom-soo came to China to be his godfather several times and benefited greatly. After returning to China, he became powerful and powerful. Within a few years, he became a new chaebol. His personal wealth even surpassed that of Lee Jae-yong and became the richest man in South Korea.

If Jin Beomxiu had not come to China and was still engaged in Internet research and development according to traditional technological thinking... By the time he developed any decent products, the market would have long since given him no chance.

Modern mobile phones are originally mobile phones from first-tier big brands.

But in the era of smartphones, it suddenly stopped working, and the gap with Samsung quickly widened.

I also made similar mistakes.

However, according to what Zhou Shaoning means now... on the modern side, it seems that they want to have a similar idea to influence the manufacturing method of OEM machines.

Zhou Buqi asked: "Didn't Hyundai shut down many departments of the mobile phone business that should be closed, cut those that should be cut, and sold all those that could be sold?"

Zhou Shaoning said: "But Hyundai still has partners."

"Who?"

"SK."

"What?"

"SK Group." Zhou Shaoning explained, "It is a large chaebol in South Korea, and its overall strength is not much worse than Hyundai."

Zhou Buqi didn't expect such a coincidence, "I know SK, and I have had some other business dealings with them recently. What does modern mean? Do you want to promote cooperation between Asda and SK Group?"

Zhou Shaoning said: "Yes, that's probably what it means. South Korea's chaebols are not always in competition, they also have cooperative relationships. In the field of mobile phones, neither Hyundai nor SK combined are rivals of Samsung, so in this regard, Hyundai We have always maintained a cooperative relationship with SK. We must support each other's upstream supply chains."

Zhou Buqi probably understood the logic behind this, "In the past, the market for modern OEM machines was relatively small, and not purchasing spare parts from SK Group had little impact. But now the sales of OEM machines have increased significantly, and a pattern has been formed. The market is not small, so it was targeted by SK Group.”

"Yes, that's what it means." Zhou Shaoning smiled, "But it is also related to the recent troubles that SK Group has encountered. Cui Taiyuan, the chairman of SK Group, seems to have misappropriated 40 million US dollars of public funds to speculate in futures and engage in insider trading. , if caught, they may be sentenced to several years in prison. If SK Group’s overall stock price plummets, they will urgently need external help.”

Speaking of Cui Taiyuan again, Zhou Buqi was really shocked by this weird thing.

At this level, at this level, are they still Korea’s chaebol giants?

He is the grandson of the founder of SK Group and the third generation head of the Cui family. This weird third generation is so low!

This is the second time he has been imprisoned. The last time he was imprisoned was also for illegal stock trading.

His method of stock trading is really ugly.

The first is to get inside information.

With inside information, you can make money in the stock market or futures market.

But what should I do if I don’t have enough capital?

Embezzlement of public funds!

Move the company's money to your personal account, and after you make money relying on inside information, pay back the public funds, and all the profits will belong to you personally.

This kind of operation is simply shocking.

It’s not impossible to do this, many people are doing it. The key is to limit the scale. It is not easy to detect those who come and go. The total amount is tens of millions of dollars. With leverage, it is hundreds of millions of dollars. It has caused such huge fluctuations in the market. Do you think you are blind?

As long as it is checked, it will be accurate.

Zhou Buqi may be launching a series of cooperation matters with SK Group in the near future. He is really not interested in meeting this Cui Taiyuan. This person is a complete stick.

"Well, I know Cui Taiyuan, his operations are like a dementia."

Zhou Buqi didn't know much about Cui Taiyuan in his previous life, but he had done some investigation in this life.

If his foresight had covered Cui Taiyuan, he would have been even more amazed at the amazing operations of this dandy chaebol.

In his previous life, Cui Taiyuan spent two years in prison, and then he was pardoned as expected.

Not long after the amnesty, he wrote an open letter to the whole society, admitting his mistakes and saying that he had an affair and had an illegitimate daughter with a woman.

He also said that he no longer has feelings for his current wife and wants a divorce.

As soon as the open letter came out, the whole of South Korea was shocked.

Depend on!

What's going on?

The divorce of such a wealthy family was proactively made public in the form of an open letter?

Are you still shameless?

What about the dignity of a wealthy family?

Choi Tae-won's wife is the daughter of former President Roh Tae-woo. In order to resolve the matter, she publicly stated that it was just a misunderstanding and that she would accept her husband's illegitimate daughter and treat her like her own daughter.

In short, I just don't want to make things big, and don't want the chaebol Choi family to become the laughing stock of the entire South Korea.

As a man, once you have this kind of power and status, it is not surprising at all to have several lovers and illegitimate children outside. She behaves very calmly, and she is willing to accept the status quo and maintain the stability of the family.

But Cui Taiyuan couldn't accept it.

He has been dazzled by his lover, fascinated, and crazy with love... He will spare no effort to make things bigger, just to prove to his lover who is a Korean beauty pageant girl who is 15 years younger than him. , his love is pure, for her, he is willing to pay any price...

He would rather divide the family property, would rather be infamous, would rather become the joke of all Korea, he would do that.

Zhou Buqi really looked down upon the head of the Cui family.

However, SK Group is South Korea's top chaebol. If it can maintain a friendly cooperative relationship, it will not be a bad thing for it to steal wealth from South Korea.

Zhou Buqi asked: "What does SK Group want to provide?"

Zhou Shaoning said: "Flash memory chip."