On June 1, 2006, Shilla Hotel officially announced that Ms. Chen Fuzhen, the former president of Shilla Hotel, resigned from the position of president of Shilla Hotel due to job changes. The president of Shilla Hotel was succeeded by Luo Hongjun, who is Chen Fuzhen's third uncle.
The Korean media sensed something was wrong in the announcement and have been following Chen Fuzhen's latest developments. Chen Fuzhen seemed to have disappeared from the social circles in Seoul. Some people said they had seen Chen Fuzhen in the mainland, but this news has not been confirmed.
An insider of Samsung Group said that Chen Fuzhen may become the president of Samsung China. Chairman Chen Jianxi is not satisfied with Chen Zaiyong, so he wants to focus on training the eldest daughter Chen Fuzhen. The Samsung family may break the tradition of passing the throne to males instead of females.
In mid-June, SA Culture and Tourism Group was established in Puhai City. Song Yi, Chairman of SA Group, Chen Fuzhen, Chairman of SA Culture and Tourism Group, Zhou Zhiyi, Secretary of the Board of Directors of SA Group, and relevant leaders of Puhai City attended the opening ceremony of SA Culture and Tourism Group.
Ms. Chen Fuzhen, President of SA Culture and Tourism Group, delivered a speech at the opening ceremony. Chen Fuzhen said at the ceremony that SA Culture and Tourism Group will take root in the mainland market and promote the development of the mainland hotel tourism industry. SA Culture and Tourism Group is very optimistic about the Chinese economy and is willing to provide high-quality tourism products for mainland tourists. SA Culture and Tourism Group will work with the tourism department of Puhai City to promote internationally renowned large-scale cultural and tourism projects to settle in Puhai City.
Chen Fuzhen's appearance in Puhai caused a sensation in the Korean media. They did not expect that after Chen Fuzhen resigned as the president of Shilla Hotel, she actually went to the mainland to serve as the president of SA Cultural Tourism Group. Korean netizens noticed Chen Fuzhen's speech at the ceremony, and they wanted to know which large-scale cultural tourism project would be settled in Puhai.
In late June, Robert Egger, CEO of Disney, visited Puhai City. Puhai city leaders met with Robert Egger and his delegation. Chen Fuzhen, president of SA Culture and Tourism Group, attended the meeting.
Accompanied by Chen Fuzhen and leaders of Pujiang New District, Robert Egger visited Beisha Town of Pujiang New District. Beisha Town was the initial site for Puhai Disneyland.
Robert Egger felt very sorry that he did not meet Song Yi during this trip. He said to Chen Fuzhen, "I originally wanted to meet Chairman Song when I came to Puhai for an inspection, but I didn't expect Chairman Song to be busy. It's really a pity."
Chen Fuzhen smiled and responded politely, "Mr. Egger, our president just had a daughter and has been in the hospital taking care of his wife and daughter these two days. I really can't spare the time to come to Puhai to see you. I'm very sorry. When you come to Puhai next time, our president will definitely do his best to be a good host and give you a grand reception."
Robert Egger was well-informed and knew that Chen Fuzhen and Song Yi had a special relationship. The reason why SA Culture and Tourism promoted the establishment of Disneyland in Puhai was also to help SA Culture and Tourism Group open up the mainland tourism market.
In addition to the Puhai Disneyland project, SA Cultural Tourism Group has also made preparations for both scenarios. The company is also in contact with the Universal Studios project.
It is impossible for Puhai City to introduce Disneyland or Universal Studios project at the same time. If Puhai City introduces Universal Studios project first, it will be difficult for Disneyland project to settle in Puhai.
The reason why Robert Iger attaches so much importance to the Puhai Disneyland project is mainly due to the fast-growing mainland film market.
Kung Fu Panda, which was released in December last year, earned 186 million RMB in the mainland movie market. Co-produced by DreamWorks and SA Films, Kung Fu Panda became the champion of foreign language animation in the mainland movie market. It should be noted that the box office of The Promise, the mainland movie box office champion in 2005, was only 175 million RMB.
After entering the millennium, Disney animation could not adapt to market changes, 2D animation was no longer popular, and this was the low point of Disney.
Since Robert Iger became the CEO of Disney last year, he has impressed Steve Jobs with his sincerity. In May this year, Disney announced the acquisition of Pixar Animation for $7.4 billion. Jobs holds 6.05% of Disney shares, becoming the largest individual shareholder of Disney.
This acquisition is a win-win for both Disney and Pixar. Through this acquisition, Disney brought Pixar's advanced animation film production process to Disney, which gradually improved Disney's animation production process, and then it was able to produce such well-received and commercially successful films as "Zootopia" and "Frozen". And Pixar, through this acquisition by Disney, completely got rid of its survival crisis.
"Chairman Song is a very good film producer. I heard that the idea of the cartoon "Kung Fu Panda" came from Chairman Song. The prototype of Po in "Kung Fu Panda" is Yabao in the Panda House of Samsung Everland. Is this true?" Robert Egger talked about movie-related topics with great interest.
"You are well-informed. The prototype of Po is indeed Yabao. Ever since the release of Kung Fu Panda, there has been a Kung Fu Panda fever all over the world. Many Kung Fu Panda fans have specially gone to the Panda House in Samsung Everland to see Yabao. Yabao is quite active and likes to interact with the visitors in the Panda House. He often high-fives the visitors through the glass, so he has always been popular with tourists from all over the world." Chen Fuzhen replied with a smile.
"Universal acquired DreamWorks last year, and the big IP "Kung Fu Panda" will sooner or later enter Universal Studios. If SA Cultural Tourism Group wants to help Puhai City introduce large-scale cultural tourism projects, it is undoubtedly easier to introduce Universal Studios than Disneyland. Why did Mr. Chen contact us Disney first? Is it to wait for a good price?" Robert Egger asked bluntly.
When Chen Fuzhen heard the idiom "waiting for the price to be raised", she was very impressed with Robert Iger's Chinese proficiency. "Mr. Iger used this idiom just right. The Chinese tourism market is huge, enough to accommodate both Disneyland and Universal Studios."
"Although China's per capita GDP is less than 2,000 US dollars, there are a group of people who have become wealthy first among the more than one billion Chinese population. The purchasing power of these middle-class consumer groups is not weak. They are willing to take their children to Disneyland or Universal Studios as their family entertainment activities."
"Our SA Cultural Tourism Group mainly engages in cultural tourism real estate projects, providing high-quality tourism projects for this group of tourists. Our company is also committed to helping Disneyland or Universal Studios land in a city suitable for it." Chen Fuzhen talked freely.
Robert Egger understood that if Puhai introduced Disneyland, the SA Cultural Tourism Group might be able to help Universal Studios settle in Yanjing or Yangcheng.
"Mr. Chen, I wonder if you have paid attention to the superhero movie Iron Man produced by SA Films. This superhero movie, which cost 140 million US dollars, has been completed and will be released on December 30th."
"Robert Downey Jr., who participated in the filming of the movie, praised the film highly, saying it was a masterpiece comparable to the Spider-Man trilogy starring Tony Maguire. Downey said Marvel Studios redefined superhero movies and ushered in a new era for the Marvel Universe."
“Although the movie Iron Man has not been released yet, I am very interested in it. Chairman Song has personally participated in only two Hollywood film projects, one is Kung Fu Panda and the other is Iron Man. The box office of the former has proven Chairman Song’s investment vision, while the latter remains to be verified.”
"Chairman Song seemed to have had ideas about Marvel Pictures a long time ago. He first spent more than 300 million US dollars to acquire Artisan Entertainment, and later facilitated the merger of Artisan Entertainment and Marvel Pictures. SA Pictures also became an important shareholder of Marvel Pictures."
"If Iron Man can achieve box office success again, then I really need to go to Seoul to visit Chairman Song and see if we at Disney can develop more extensive cooperation with SA Pictures," Robert Iger said meaningfully.
After Robert Egger and his team left Puhai, Chen Fuzhen called Song Yi and introduced him to Robert Egger's inspection.
"Song Yi, why do I feel that Robert Iger is not very concerned about the Puhai Disneyland project, but is more concerned about Marvel Studios. Disney just acquired Pixar Animation this year. Could Iger also want to acquire Marvel Studios?" Chen Fuzhen sensed something.
Song Yi is still in the hospital, and Kim Tae Hee, who just gave birth to a daughter, is still staying in Eshan Hospital. On June 26, Kim Tae Hee gave birth to a daughter for Song Yi, and Song Yi named her Song Won Sook. Although it was the second child, Kim Tae Hee's delivery was not smooth, so for safety reasons, Song Yi kept Kim Tae Hee in the hospital for a while.
"Iger has a great strategic vision and is a key figure in promoting Disney's globalization. He is also the best CEO Disney has had in the past 20 years."
"The reason why he mentioned the movie Iron Man is that he wanted to use you to tell me that he is interested in acquiring Marvel Pictures."
"Kevin Feige has announced Marvel's first phase of production plans. As soon as Iron Man was scheduled, Marvel announced the filming plans for Iron Man 2 and Thor."
"If Disney proposes to acquire Marvel after Iron Man is released, their offer won't be that high. But if Iron Man 2 and Thor, which are released next year, are successful in succession, then Disney's offer to acquire Marvel Studios will at least be on par with Pixar Animation," said Song Yi.
"This matter is not up to me alone. The opinions of Marvel Studios' management are also very important. But even if we want to sell Marvel Studios, it will not be done in one or two years."
"SA Electronics will hold its autumn product launch conference in September. When SA Electronics showcases our carefully developed smartphones at the conference, it will surely attract Apple's attention."
"Steve Jobs is also the largest individual shareholder of Disney, and his opinions can also influence the opinions of the Disney board of directors. I hope you can reach a three-party cooperation framework agreement with Disney and the Puhai Municipal Government before September."
"It doesn't matter whether SA Culture and Tourism Group holds 10 or 5 points of Puhai Disneyland. After all, Disneyland is a project that requires a large investment and a long project cycle. Even if the agreement is signed this year, it will take at least 12 years before the park can officially open to welcome tourists."
"The reason why we are promoting the Puhai Disneyland tourism project is to provide a tourism supporting project for Disneyland and develop tourism real estate. We can ask for less shares, but Disney must agree to our SA Cultural Tourism Group to build a Disney theme hotel in the park." Song Yi explained to Chen Fuzhen.
"Got it. I will negotiate according to your request. But after the agreement is reached, you still have to come to Puhai to attend the celebration party for the signing ceremony of Disneyland. You have to at least take me to meet the CEOs of SA Group's Puhai subsidiaries and have a face-to-face with them, so that I can coordinate the relevant resources of SA Group in Puhai City." Chen Fuzhen made her request.
"Okay, I estimate that the negotiation process will take at least a month. You should also take some time to meet with the inspection team sent by Universal Studios. If Puhai City finalizes the cooperation project of Disneyland, then SA Cultural Tourism Group can immediately promote Universal Studios to settle in Yanjing."
"We at SA Real Estate have acquired a lot of land in Tongzhou. If Universal Studios can settle in Tongzhou, it will be great news for SA Real Estate. I believe in your personal abilities and am looking forward to your good news." Song Yi encouraged Chen Fuzhen.
Chen Fuzhen couldn't help feeling jealous when she thought about how she had been working hard to negotiate a project in the mainland, while Song Yi was just being a hands-off boss in Seoul and staying with Kim Tae-hee.
"President Song, I've discovered that the treatment of being your subordinate is different from that of being your partner. Before we worked together, you gave priority to helping me solve any problems I encountered. Now that I'm your subordinate, I'll give priority to solving any problems I encounter, and if I can't solve them, I'll hand them over to you. Taixi has worked very hard to give birth to a son and a daughter for our Song family."
"I'm very busy now and don't have time to visit her in the hospital. How about letting Xinyu represent me and go to the hospital to visit Taehee. After all, Taehee and I have been good friends for many years and almost became besties." Chen Fuzhen said.
"Xinyu has come to the hospital, and gifts have been prepared for Tae-hee and Won-sook in your name. By the way, today seems to be Xinyu's 27th birthday, so don't forget to call Xinyu and say hello." Song Yi kindly reminded.
Chen Fuzhen pretended to admire, "President Song is really amazing. He cares so much about his subordinates that he even remembers Xinyu's birthday so clearly. President Song, I kindly remind you that Xinyu is your sister-in-law now. As her brother-in-law, you must not have any thoughts about her."
"Our Samsung family has been a famous family for generations and comes from a noble family. We will never have a situation like Hee-won and Tae-hee where sisters share the same husband. So, don't think about Xinyu, or I will break your third leg." Chen Fuzhen's tone turned cold.
When Song Yi heard Chen Fuzhen's warning, he suddenly felt a chill between his thighs. He quickly explained, "When Xinyu joined the company, wasn't it Xiu Na who helped her with the employment documents, which had Xinyu's date of birth on them?"
"Xu Zhuxian and Xinyu have the same birthday. Xinyu happens to be twelve years older than Xu Zhuxian, and they both have the same zodiac sign, so I remembered it. It's impossible for me to go after Xinyu. I've already kidnapped Chairman Jianxi's eldest daughter. If I kidnap his most beloved youngest daughter as well, I'm afraid Chairman Jianxi will not be able to help but harm me." Song Yi said.
After listening to Song Yi's explanation, Chen Fuzhen's tone became much more relaxed, "It's good that you know. Then I'll call Xinyu."
After Chen Fuzhen hung up the phone, Jin Taixi, who was lying on the hospital bed, heard part of Song Yi's call and asked, "Is it Sister Fuzhen's call?"
"Yes, Fuzhen, tell me about the latest progress of the Puhai Disneyland project." Song Yi did not deny it.
"Sister Fuzhen is really amazing. She straightened out the complicated situation of SA Cultural Tourism Group right after arriving in the mainland, and is introducing such a heavy investment project for SA Cultural Tourism Group."
"Compared to Sister Fu Zhen, I really feel inferior. She can't even handle THK clothing and SA Welfare Foundation. We both come from merchant families, so why is there such a big gap between her and me?" Kim Tae Hee sighed.
Song Yi almost broke out in a cold sweat when he heard what Kim Tae Hee said. Song Yi knew that Kim Tae Hee was somewhat dissatisfied with him and was unwilling for Chen Fuzhen to take over SA Culture and Tourism Group.
In Kim Tae-hee's view, the entire SA Group will belong to her son Song Won-ho in the future. Kim Hee-won's daughter Song Won-joo will take over Manchester United in the future, and Son Ye-jin's son Song Won-long and Song Yi's niece Song Miao will inherit some of SA's mainland assets.
Now that Chen Fuzhen has taken over the SA Culture and Tourism Group, it means that Chen Fuzhen and Chen Yuanzhong, mother and son, will have to divide the SA Group's hotel and tourism related industries in the future, including the AXA Tokyo Resort and Elysian Ski Resort. This part of the industry is also worth trillions of won. Kim Tae-hee is certainly not very satisfied.
In Kim Tae-hee's opinion, neither Kim Hee-won nor Son Ye-jin can shake her position as the wife of the first wife, but the eldest princess of Samsung, Chen Fuzhen, is an exception. If Chen Fuzhen was not divorced, then Chen Jianxi would never let Chen Fuzhen follow Song Yi without any status.
Because of this worry, Kim Tae Hee's physical condition was not good during pregnancy, so the delivery process was not smooth and she needed to stay in the hospital for recuperation. Song Yi knew the root of the problem and the knot in Kim Tae Hee's heart. He felt guilty, so he stayed in the hospital to take care of Kim Tae Hee.
Chen Fuzhen's father Chen Jianxi was the former richest man in South Korea, and Kim Tae-hee's father Kim Yu-moon was just the president of a medium-sized logistics company. Chen Fuzhen and Kim Tae-hee grew up in different environments, so of course there is a gap in their business vision, but Kim Tae-hee has always worked hard, always learning, and growing very fast.
"Fuzhen is the president of SA Culture and Tourism Group, and she is our subordinate. No matter how capable a subordinate is, isn't he making money for both of us? She is an employee, and you are the boss's wife. What is there to argue with her about?"
"Fuzhen only has one son, and you already have a son and a daughter, making a good family. Having both a son and a daughter is a blessing for you and me." Song Yi comforted Kim Tae-hee.
Kim Tae Hee crossed her arms and said with some jealousy, "It was only after I had Won Sook that I had both a son and a daughter. You already had both a son and a daughter. Since Fu Zhen has already given you a son, who knows if she will give you a daughter?"
At this time, Cui Shanji, the president of ABS TV, and Song Jingyan from SA Bank Investment Department came to the hospital to visit Kim Tae-hee and her daughter. Cui Shanji and Song Yi and his wife had a good personal relationship, and the bodyguards and assistants at the door did not stop Cui Shanji and them.
As soon as Cui Shanji entered the delivery room, she heard Jin Taixi's complaints. She knew that Jin Taixi was talking about Chen Fuzhen. She pretended not to know and helped Song Yi out. "Taexi, who do you think will give birth to a daughter for our Chairman Song?"
Thank you all for your monthly tickets, see you tomorrow!
(End of this chapter)