With the rapid development of the economy, coupled with the government's blind subsidies, donated support, and lack of financial supervision, South Korea's domestic economic problems have actually become very serious in the past few years.
A corporate chaebol like Daewoo has long been at a loss for debt, but even so, the company has launched a series of wealthy acquisitions overseas.
For companies like Daewoo, after they have achieved a certain degree of development, it seems normal to invest overseas. There is an argument that companies have the power to operate independently. Whether they are investing domestically or overseas is their own problem. After all, they are using their own money.
This argument seems to be very reasonable, but in fact, it is a complete paradox. The biggest fallacy is that the money these companies invest overseas does not belong to their own, but to the country.
Take Daewoo Group for example. Since 1995, it has launched large-scale corporate acquisitions overseas. At its peak, the corporate group even set a record of acquiring a company in three days.
Most of these companies acquired by Daewoo have nothing to do with their own business scope, and the speed of capital flow is not fast. Some even have meaningless acquisitions that cannot bring much return to the company itself.
An acquisition like this is more accurate than a business act.
Then let’s take a look at where Daewoo’s funds used for acquisitions come from. There is no doubt that when the company is in high debt, Daewoo cannot afford this kind of squandering by relying solely on its own capital chain. It obtains funds, or in other words, more than 80% of the funds used for acquisitions overseas come from bank loans, and the remaining part comes from financing from different financial institutions.
In other words, Daewoo is squandering the savings and taxes of South Korean citizens, and its massive overseas acquisitions are actually transferring assets overseas.
After all, under the appearance of South Korea's economic prosperity, it is actually a chaos. The chaebols and those who have special relationships with the government take advantage of the loopholes in financial supervision, desperately increase leverage, and large amounts of debt. The purpose is to empty South Korea's domestic assets. When the crisis comes, they pat their butts and leave, leaving the country with only a mess.
In the previous life of the Daewoo Kita, after Daewoo went bankrupt, only Kim Woo-jung and a few senior executives of Daewoo Group were truly held accountable. Kim Woo-jung was sentenced to eight years and six months for fraud of $20 billion, but less than a year after being imprisoned, he was pardoned by then President Roh Moo-hyun.
So, for a country like South Korea, what is fairness?
There is no fairness at all. This is the dining table where a chaebol holds a feast. Ordinary people just wait for the harvested leeks at all times.
If we consider it from the perspective of ordinary people alone, Kita Kita would rather live in an African country than in a place like South Korea. Of course, from his current perspective, this country is a very good place of happiness.
Since it is a charity party, the process of walking the red carpet is naturally indispensable. The one who accompanied Miyashigeki to walk the red carpet was the one who specially received him.
Leave your name on the signature theme wall at the end of the red carpet, and did not accept interviews from reporters. Miyashita Kita went directly to the VIP seat.
As a guest with special status, the courtesy of the Miyashita Kita was arranged in the front row of the venue. The adjacent seats were all senior executives from several large Korean companies, such as Ju Benjun, Choi Hyun-joo, and Hanna Construction's president Zheng Mengyuan, as Zheng Zhouyong's nephew, Zheng Mengyuan is now in his forties, and he is in his prime.
In front of the seat, Miyashita Kita had a brief greeting with several people around him. When he took the seat, he took the picture album handed over by the concierge.
Mr. Akamoto, although today's charity party has more symbolic significance, there are still some things worth taking out of the items you took out. Sitting on the right side of Miyashige Kita is Yoshida Ichiro. After he got the album, he leaned against Miyashige Kita and said in a low voice.
Oh? Miyashita Kita looked down at the title page of the album, raised his eyebrows without raising his head, and said, "Is that right?"
For example, the No. 12 lot, Yoshida Ichiro flipped the album in his hand and said that it was a painting by Li Douhuang, but it had some collection value. In addition, it was No. 16, Paiping. It is said that it was a Fang Peixi of King Wenzong, so I don’t know if it is true.
It sounds really good, Miyashita Kita said absent-mindedly, but I am not very interested in these works of art.
Oh... Yoshida Ichiro smiled awkwardly, thinking about whether the big guy around him doesn't like to talk too much, but he heard from the other party, Mr. Yoshida, is TDK really planning to resell the capacitor technical patent to LG Group?
Yes, Yoshida Ichiro said with a smile, the negotiations on relevant parties are progressing very smoothly. If nothing unexpected happens, the final technology transfer agreement will be finalized within this month.
oh?
Kita Miyashita raised his head slightly, glanced at the other party inadvertently, and said calmly, "Mr. Yoshida is sure it is a technology transfer in capacitors, not the manufacturing technology of MR heads?"
Yoshida Ichiro was obviously shocked by this sudden sentence from Miyashita Kita. He was shocked, his body shook for a while, and instinctively raised his voice and said: How is it possible? Mr. Akamoto, this... this statement is really ridiculous. How can we transfer such important electronic technology to others? This...
Mr. Yoshida didn't need to be so excited. Miyashita Kita smiled and said, I'm just talking casually
Yoshida Ichiro licked his lips and quickly calmed down from his excitement. However, his eyes were wandering, and he still looked like he was still scared. He opened his mouth and wanted to say something, but before he could speak, he heard Kita Miyashita smile and say
Well, this item is good. Miyashita Kita seems to have thrown the words just now. He held the album in his hand and said enthusiastically, "Miss Zhiyou's scarf worn in "First Love". Haha, I'm a fan of Miss Zhiyou. In my opinion, this scarf is much more valuable than those so-called works of art.
At this time, Ichiro Yoshida was still a little dazed, mainly because the words that Miyagi Kitao had just said shocked him.
Miyashita Kitani's words are not aimless. TDK is indeed secretly negotiating with LG about the resale of MR head technology. The MR head technology was launched two years ago. During its research and development, TDK received strong support from the Japanese government. Therefore, this technology patent is not TDK's own.
The same goes for the saying, in this world, as long as the benefits given are abundant enough, many times, even if the so-called national interests and national interests are not a barrier, no country can be without the existence of traitors.
After Miyashita Kita finished speaking, Yoshida Ichiro came to his senses after a while. He said ah and then smiled: It turns out that Mr. Akamoto is also a fan of Miss Zhimoto. That's a coincidence. Miss Zhimoto also came to participate in this charity party today, and she should...
As he said this, Yoshida Ichiro still stood up and looked around the venue behind him.
After a while, he finally found the target and then continued to say to Miyashita Kita: She is on the table No. 12. If Mr. Akamoto is interested, he can chat with her later.
Miyashita Kita smiled, without saying anything, nor looking in the direction of the other person's fingers, but just lowered his head and continued to look through the picture album in his hand.
Most men are greedy and lustful, just like children's desire for toys. They want to play with anything they have never played with, especially for women with special identities.
However, Miyashita Kita has a special identity now, so he will never act too impatient. As a man with enough power in his hands, he only needs to show some interest in light of it. Naturally, someone will arrange everything for him.
The party with auction theme began soon, and the auctioneer wearing sexy evening dresses walked onto the stage and began to auction items one by one.
To be honest, most of the items auctioned on such occasions are not something of high value, and most of the people who bid are not really interested in the price of a certain item. To put it bluntly, their real purpose is just to please those guys who take out the item.
As a guest who accepted a special invitation to attend the party, Miyashita Kita only bought one lot, that is, the scarf worn by Miss Jiwo in "First Love". The starting price of this scarf is 1.5 million won. According to the exchange rate of the day, it was almost worth 1,000 US dollars.
During the auction, Miyashita Kita was the first to hold a sign, and the offer was 2 million won. Yoshida Ichiro raised the cards twice, and Gomototsu also raised the cards twice. Miyashita Kita finally won the second-hand scarf for a high price of 6 million won.
Of course, whether it is Yoshida Ichiro or Komototsu, the purpose of the two bidding was not to compete for such a scarf with Miyashita Kita. They were just to make fun of it, or to play a support for Miyashita Kita Kita.
In such an occasion, let Kita Kitaya spend so much money not to make him lose money, but to make him more face. After all, for these philanthropists present, there is no difference between one thousand dollars or ten thousand dollars or ten thousand dollars.
Everyone carried the flower sedan chair, this is nothing more than the world
A corporate chaebol like Daewoo has long been at a loss for debt, but even so, the company has launched a series of wealthy acquisitions overseas.
For companies like Daewoo, after they have achieved a certain degree of development, it seems normal to invest overseas. There is an argument that companies have the power to operate independently. Whether they are investing domestically or overseas is their own problem. After all, they are using their own money.
This argument seems to be very reasonable, but in fact, it is a complete paradox. The biggest fallacy is that the money these companies invest overseas does not belong to their own, but to the country.
Take Daewoo Group for example. Since 1995, it has launched large-scale corporate acquisitions overseas. At its peak, the corporate group even set a record of acquiring a company in three days.
Most of these companies acquired by Daewoo have nothing to do with their own business scope, and the speed of capital flow is not fast. Some even have meaningless acquisitions that cannot bring much return to the company itself.
An acquisition like this is more accurate than a business act.
Then let’s take a look at where Daewoo’s funds used for acquisitions come from. There is no doubt that when the company is in high debt, Daewoo cannot afford this kind of squandering by relying solely on its own capital chain. It obtains funds, or in other words, more than 80% of the funds used for acquisitions overseas come from bank loans, and the remaining part comes from financing from different financial institutions.
In other words, Daewoo is squandering the savings and taxes of South Korean citizens, and its massive overseas acquisitions are actually transferring assets overseas.
After all, under the appearance of South Korea's economic prosperity, it is actually a chaos. The chaebols and those who have special relationships with the government take advantage of the loopholes in financial supervision, desperately increase leverage, and large amounts of debt. The purpose is to empty South Korea's domestic assets. When the crisis comes, they pat their butts and leave, leaving the country with only a mess.
In the previous life of the Daewoo Kita, after Daewoo went bankrupt, only Kim Woo-jung and a few senior executives of Daewoo Group were truly held accountable. Kim Woo-jung was sentenced to eight years and six months for fraud of $20 billion, but less than a year after being imprisoned, he was pardoned by then President Roh Moo-hyun.
So, for a country like South Korea, what is fairness?
There is no fairness at all. This is the dining table where a chaebol holds a feast. Ordinary people just wait for the harvested leeks at all times.
If we consider it from the perspective of ordinary people alone, Kita Kita would rather live in an African country than in a place like South Korea. Of course, from his current perspective, this country is a very good place of happiness.
Since it is a charity party, the process of walking the red carpet is naturally indispensable. The one who accompanied Miyashigeki to walk the red carpet was the one who specially received him.
Leave your name on the signature theme wall at the end of the red carpet, and did not accept interviews from reporters. Miyashita Kita went directly to the VIP seat.
As a guest with special status, the courtesy of the Miyashita Kita was arranged in the front row of the venue. The adjacent seats were all senior executives from several large Korean companies, such as Ju Benjun, Choi Hyun-joo, and Hanna Construction's president Zheng Mengyuan, as Zheng Zhouyong's nephew, Zheng Mengyuan is now in his forties, and he is in his prime.
In front of the seat, Miyashita Kita had a brief greeting with several people around him. When he took the seat, he took the picture album handed over by the concierge.
Mr. Akamoto, although today's charity party has more symbolic significance, there are still some things worth taking out of the items you took out. Sitting on the right side of Miyashige Kita is Yoshida Ichiro. After he got the album, he leaned against Miyashige Kita and said in a low voice.
Oh? Miyashita Kita looked down at the title page of the album, raised his eyebrows without raising his head, and said, "Is that right?"
For example, the No. 12 lot, Yoshida Ichiro flipped the album in his hand and said that it was a painting by Li Douhuang, but it had some collection value. In addition, it was No. 16, Paiping. It is said that it was a Fang Peixi of King Wenzong, so I don’t know if it is true.
It sounds really good, Miyashita Kita said absent-mindedly, but I am not very interested in these works of art.
Oh... Yoshida Ichiro smiled awkwardly, thinking about whether the big guy around him doesn't like to talk too much, but he heard from the other party, Mr. Yoshida, is TDK really planning to resell the capacitor technical patent to LG Group?
Yes, Yoshida Ichiro said with a smile, the negotiations on relevant parties are progressing very smoothly. If nothing unexpected happens, the final technology transfer agreement will be finalized within this month.
oh?
Kita Miyashita raised his head slightly, glanced at the other party inadvertently, and said calmly, "Mr. Yoshida is sure it is a technology transfer in capacitors, not the manufacturing technology of MR heads?"
Yoshida Ichiro was obviously shocked by this sudden sentence from Miyashita Kita. He was shocked, his body shook for a while, and instinctively raised his voice and said: How is it possible? Mr. Akamoto, this... this statement is really ridiculous. How can we transfer such important electronic technology to others? This...
Mr. Yoshida didn't need to be so excited. Miyashita Kita smiled and said, I'm just talking casually
Yoshida Ichiro licked his lips and quickly calmed down from his excitement. However, his eyes were wandering, and he still looked like he was still scared. He opened his mouth and wanted to say something, but before he could speak, he heard Kita Miyashita smile and say
Well, this item is good. Miyashita Kita seems to have thrown the words just now. He held the album in his hand and said enthusiastically, "Miss Zhiyou's scarf worn in "First Love". Haha, I'm a fan of Miss Zhiyou. In my opinion, this scarf is much more valuable than those so-called works of art.
At this time, Ichiro Yoshida was still a little dazed, mainly because the words that Miyagi Kitao had just said shocked him.
Miyashita Kitani's words are not aimless. TDK is indeed secretly negotiating with LG about the resale of MR head technology. The MR head technology was launched two years ago. During its research and development, TDK received strong support from the Japanese government. Therefore, this technology patent is not TDK's own.
The same goes for the saying, in this world, as long as the benefits given are abundant enough, many times, even if the so-called national interests and national interests are not a barrier, no country can be without the existence of traitors.
After Miyashita Kita finished speaking, Yoshida Ichiro came to his senses after a while. He said ah and then smiled: It turns out that Mr. Akamoto is also a fan of Miss Zhimoto. That's a coincidence. Miss Zhimoto also came to participate in this charity party today, and she should...
As he said this, Yoshida Ichiro still stood up and looked around the venue behind him.
After a while, he finally found the target and then continued to say to Miyashita Kita: She is on the table No. 12. If Mr. Akamoto is interested, he can chat with her later.
Miyashita Kita smiled, without saying anything, nor looking in the direction of the other person's fingers, but just lowered his head and continued to look through the picture album in his hand.
Most men are greedy and lustful, just like children's desire for toys. They want to play with anything they have never played with, especially for women with special identities.
However, Miyashita Kita has a special identity now, so he will never act too impatient. As a man with enough power in his hands, he only needs to show some interest in light of it. Naturally, someone will arrange everything for him.
The party with auction theme began soon, and the auctioneer wearing sexy evening dresses walked onto the stage and began to auction items one by one.
To be honest, most of the items auctioned on such occasions are not something of high value, and most of the people who bid are not really interested in the price of a certain item. To put it bluntly, their real purpose is just to please those guys who take out the item.
As a guest who accepted a special invitation to attend the party, Miyashita Kita only bought one lot, that is, the scarf worn by Miss Jiwo in "First Love". The starting price of this scarf is 1.5 million won. According to the exchange rate of the day, it was almost worth 1,000 US dollars.
During the auction, Miyashita Kita was the first to hold a sign, and the offer was 2 million won. Yoshida Ichiro raised the cards twice, and Gomototsu also raised the cards twice. Miyashita Kita finally won the second-hand scarf for a high price of 6 million won.
Of course, whether it is Yoshida Ichiro or Komototsu, the purpose of the two bidding was not to compete for such a scarf with Miyashita Kita. They were just to make fun of it, or to play a support for Miyashita Kita Kita.
In such an occasion, let Kita Kitaya spend so much money not to make him lose money, but to make him more face. After all, for these philanthropists present, there is no difference between one thousand dollars or ten thousand dollars or ten thousand dollars.
Everyone carried the flower sedan chair, this is nothing more than the world
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