I want to be a chaebol

Chapter 56
Song Yi invested 1000 million in the mainland stock market. Of course, he hopes that as few people know about it as possible.Zhou Mengxian asked Song Yi to explain the specific use of his 1000 million US dollars, which was really a bit difficult.

Of course, Song Yi couldn't refuse Zhou Mengxian directly, "Uncle Mengxian, I used this money to make a short-term investment, and I can get the funds back within half a year."

"This loan was granted to me by Hana Bank. I used the property in my name as a mortgage. Are there any problems with this loan?" Song Yi asked tactfully.

Zhou Mengxian knew that Song Yi could not explain the specific flow of funds. There were only a few short-term investments, such as buying stocks, bonds or funds, which could be liquidated at any time.

Young people in South Korea like to speculate in stocks, and after the advent of virtual currencies such as Bitcoin, they especially like to speculate in currencies.Because the class structure in South Korea is relatively strong, ordinary young people have limited room for advancement. They hope to become rich overnight through stock or currency speculation.

Zhou Mengxian did not pursue further questions and continued to ask Song Yi, "I have studied your method of buying a house. You can obviously continue to buy a house with the 1000 million US dollars, then collect the tenant's funds, and finally you can even use 10% of the shares of Shinhan Media To leverage hundreds of millions of dollars in funds, why did you give up?”

Song Yi knew that Zhou Mengxian was testing himself in school, so he organized his words, "Investment is not a one-hundred-dollar investment. For me, even if I lose all the 1000 million US dollars, I am confident that I will make it back within two years, ensuring that I have enough funds." Come and refund the tenants’ deposits.”

"But if I hold hundreds of millions of dollars in funds, if I make a mistake in my decision, it will be difficult for me to make a comeback. If the funds explode, I'm afraid I won't be able to help but run away." Song Yi told the truth.

Zhou Mengxian got an answer he was satisfied with, and did not continue to ask more questions. His tone was quite friendly, "I heard from Director Li that you graduated from Yonsei University, so we are alumni."

Yonsei University has many well-known alumni, including three Prime Ministers of South Korea and Deputy Secretary-General of the United Nations, founder of Daewoo Group, chairman of LG Group, CEO of Doosan Group and other political and business figures.

Song Yi nodded, "I know that Uncle Mengxian was admitted to the Chinese Language Department of Yonsei University with the No. 1 score. He is also a role model for us younger generations to learn from."

Zhou Mengxian and Song Yi kept chatting on the road, while Zhou Mengxian's bodyguard followed behind and remained silent.Zhou Mengxian found that Song Yi had a wide range of knowledge, very divergent thinking, strong information integration ability, and the potential to become an excellent corporate leader.

Zhou Mengxian extended an invitation, "I also need help now. Are you interested in working in Hyundai? I can hand over one of the subsidiaries of the group to you to take care of."

Song Yi is able to run two companies, Xinhan Advertising and Xinya Entertainment, at the same time. Xinhan Advertising's revenue has been in a high-speed growth mode, which fully reflects Song Yi's level of management of the company.

Song Yi declined politely, "I'm better at equity investment than doing business." Working under Zhou Mengxian, how could it be as satisfying as being your own boss?
Seeing that Song Yi really had no intention of joining the Hyundai Group, Zhou Mengxian trusted him a little more.

Excluding Hyundai Motor and Hyundai Heavy Industries, Hyundai Group now has about 30 subsidiaries.If Song Yi serves as the CEO of a certain subsidiary, and if Song Yi betrays the company at a critical moment, Chairman Zhou Mengxian will have to resign.

Zhou Mengxian couldn't help but ask Song Yi, "The president is ready to hand over the Hyundai Group to me, but the second brother and the sixth brother are not satisfied with their father's decision. If you face my situation, what are you going to do?"

Song Yi was surprised, "Uncle Meng Xian really wants to listen to the opinions of this junior like me?"

Zhou Mengxian said, "It doesn't matter. You can say whatever you want and brainstorm. It's only bystanders."

Song Yi had already considered this issue, "Retreat to advance."

Zhou Mengxian listened with an open mind, "How can you retreat to advance?" Song Yi said: "Uncle Mengjiu and Uncle Mengzhun are now eyeing the position of chairman of Hyundai Group. Uncle Mengxian, you are naturally the target of public criticism, and the two of them will naturally use their firepower." Focus on you.”

"Uncle Meng Xian, why don't you give up the chairman of Hyundai Group, exchange the shares of Hyundai Group you hold with Uncle Meng Jiu and Uncle Meng Zhun, and get control of several subsidiaries."

"No matter who of the two of them takes over the Hyundai Group, Hyundai Motor or Hyundai Heavy Industries will return to the Hyundai Group. Naturally, Hyundai Motors or Hyundai Heavy Industries will have to bear the debts of the Hyundai Group. Uncle Mengxian, the problem you are having a headache now will be handed over to Uncle Mengjiu Maybe Uncle Meng Zhun has a headache."

Zhou Mengxian was thoughtful and seriously considered Song Yi's suggestion, "Then which subsidiaries do you think I should get control of?"

"Modern electronics, modern construction, modern Asan, modern elevators and modern merchant ships" Song Yi answered without thinking.

Zhou Mengxian previously served as the president of Hyundai Electronics, developing Hyundai Electronics into the world's second-ranked chip manufacturer.

The Kaicheng Industrial Park and Mount Kumgang tourism plans promoted by Zhou Mengxian are both operated through Hyundai Asan. This is also Zhou Zhengyong's wish, and Zhou Mengxian will certainly not give up.

The major shareholder of Hyundai Elevator is Jin Wenji, Zhou Mengxian's mother-in-law. When the time comes, these shares will be left to Zhou Mengxian's wife Zheng Eunxuan. Of course, he needs to retain the company.

Zheng Eunxuan's father is the former president of Hyundai Merchant Marine, and Zhou Mengxian also has supporters at Hyundai Merchant Marine.

But why did Song Yi suggest that Zhou Mengxian retain the construction company Modern Construction?This company has a glorious history, building the famous Han River Bridge, South Korea's first expressway, the Gyeongbu Expressway, and many nuclear power plants in South Korea.

However, Hyundai Construction has been unable to obtain high-quality construction projects in South Korea, and the entire company has been in a loss-making situation. The same is true for Hyundai Electronics.

When Zhou Mengxian raised the question in his mind, Song Yi smiled and asked, "Uncle Mengxian, if Hyundai Electronics and Hyundai Construction are both profitable subsidiaries, do you think you can get these two companies from Uncle Mengjiu?" Control of the company?”

"I personally am more optimistic about semiconductor and real estate projects. In the next 20 years, these two industries will usher in opportunities for vigorous development. If Hyundai Electronics is willing to build factories in China, there is actually no need to worry about funds." Song Yi said .

The core industry of Samsung Group is still Samsung Electronics. Samsung Electronics’ core business is divided into two parts: mobile phones and chips.Samsung has been making efforts in the semiconductor field since the 90s. Since then, it has gradually widened the gap with Hyundai Electronics. It has also achieved overtake of Hyundai Group with its unique Samsung Electronics.

Zhou Mengxian can retain control of Hyundai Construction, and Song Yi can enter the mainland real estate market with Zhou Mengxian.At this time, Vanke, Evergrande, and Wanda, the leading real estate companies in the mainland market, were just younger brothers to Hyundai Construction.

Hyundai Group is now surrounded by mountains, and Zhou Mengxian has lost control of its subsidiaries.Zhou Mengjiu also made it clear that he would not lend a helping hand to Zhou Mengxian, and Hyundai Motor would not inject capital into the Hyundai Group, let alone return to the Hyundai Group.

Zhou Mengxian knew that Zhou Mengzhun was already planning for Hyundai Heavy Industries to separate from the Hyundai Group. As long as his father Zhou Zhengyong died of illness, Zhou Mengzhun would not wait to take action.At that time, Hyundai Group will completely fall apart and even be on the verge of bankruptcy.
Zhou Mengxian asked Song Yi for his opinion, "How about I announce my resignation now and persuade my father to pass the chairmanship of Hyundai Group to my sixth brother?"

　After the first update, there is another chapter tonight. Regarding the problem that readers said there are too many business parts, this is also driven by the plot. Song Yi can't suddenly become a big shot for no reason, right?

　　
　
(End of this chapter)