On September 12, Kim Hyung-soo and Choi Soo-jin held their wedding at the Walkerhill Hotel in Seoul, and all the relatives of both parties attended the wedding.
Kim Hyung-soo is the younger brother of Kim Tae-hee, the wife of SA Group chairman, and Choi Soo-jin is the beloved daughter of Choi Won-suk of Dong-A Group. The wedding of the two attracted a lot of attention.
The five major chaebol families in South Korea all sent representatives to attend the wedding of Kim Hyung-soo and Choi Soo-jin. The representative of the Lotte family was Seo Mi-kyung. Seo Mi-kyung and the wife of the chairman of the Dong-A Group, Zhang Enying, have been friends for many years. Seo Mi-kyung could naturally appear at the wedding with her daughter Kim Yu-mi.
The Seoul Walkerhill Hotel was originally the W Hotel, but was later acquired by SK Group and renamed the Walkerhill Hotel. In addition to the duty-free shop, the hotel also has a casino open exclusively to foreign tourists.
The reason why Walkerhill was able to obtain the casino operating license is actually thanks to South Korean gambling king Lotte Won.
In the 1960s, when Zheng Puxi was in power, the Korean government lacked foreign exchange income to develop the economy. At this time, Lok Tianyuan keenly grasped this opportunity and established the largest Walkerhill Casino in Korea in 1965. The Zheng Puxi government also issued the first casino license to Lok Tianyuan. Zheng Puxi required that the casino in Walkerhill could only be open to foreign tourists, and Koreans could not enter the casino for entertainment.
Since it had no experience in running a casino, Letianyuan specially invited the He family from Macau to invest in the company. As a result, the two parties parted ways in less than a year.
The reason for the separation of the two families is that the He family occupies a dominant position in the Korean casino, which is not what Lotte Yuan and the Zheng Puxi government want to see. The He family is a strong dragon and cannot suppress the local snake, so they can only sell their shares and withdraw reluctantly. The He family can actually retain part of the shares and dividend rights, but this is not what the He family wants, so they simply withdraw completely.
Starting with Walkerhill, Lotte Won opened several casinos in South Korea and monopolized the country's gambling industry.
After the death of South Korean gambling king Lotte Cheon-won in 2004, South Korea's gambling industry finally relaxed restrictions, issued casino operating licenses to other large conglomerates, and built legal casinos open to Koreans.
Although SK Group acquired the Walkerhill Hotel in 1973, the casino in Walkerhill has always been operated independently. It was only after Lotte Won's death that SK Group began to participate in the operation of the casino.
SK Group was the host, and Song Suying also attended the wedding of Kim Hyung-soo and Choi Soo-jin. Before the wedding officially started, Song Suying accompanied Song Yi to visit the casino in Walkerhill. Song Suying also briefly introduced the development history of the Korean gaming industry to Song Yi.
"President Song, do you want to try it out?" Song Suying noticed that Song Yi was looking thoughtfully at the endless stream of tourists in the casino.
Song Yi shook his head. "Forget it. I prefer beauties to gambling. The He family once said that tourists can never beat casinos, after all, casinos take commissions. Just like the most common baccarat in casinos nowadays, the casino takes a 2.5% commission for each round of win or loss. If you play 40 rounds, even if you don't win or lose, you have actually lost all your money. I rarely even play mahjong."
Song Suying smiled lightly, thought for a moment, and asked, "Then why are you so concerned about the casino in Walkerhill? Do you want to open a casino in the Mount Kongzhuang International Tourist Area to attract foreign tourists?"
Song Yi glanced at Song Suying and said, "Director Song is indeed very discerning. Nothing can be hidden from you. If we really want to open a casino in Mount Konggang, we will need to ask the descendants of Le Tianyuan to help manage it. We will also need your help in introducing them."
The first phase of the inter-Korean railway has been completed and has now entered the second phase. The Gyeongui Line has been fully connected, and trains from Pyeongyang can go directly to the Kaesong Industrial Park.
The railway from Wonsan to Anbyeon has also been opened, connecting to the Kumgangsan Youth Line. This way, Korean tourists can board the train at Jujin Station in Gangwon Province and travel via Goseong-Anbyeon-Wonsan-Pyeonggyeong.
If Pyeonggyeong is taken as the starting point, and Kaesong Industrial Park and Mount Kumgang International Tourist Area are the two fulcrums, Kaesong, Pyeonggyeong and Mount Kumgang form a herringbone railway network. Korean tourists can visit the three tourist attractions of Pyeonggyeong, Kaesong and Mount Kumgang regardless of the direction they start from.
"If you open a casino in the Mount Kumgang International Tourist Zone, it will definitely cause some controversy. At that time, North Korea may take back the SA Group's operating rights to the Mount Kumgang International Tourist Zone in advance. Have you not considered the risks involved?" Song Suying asked with concern.
Song Yi smiled, "You still don't quite understand the North. You know, if I really open a casino in the Mount Kumgang International Tourist Zone, I must have communicated with the North in advance. I can't fight an unprepared battle."
"Foreign tourists in the current Mount Kumgang International Tourism Zone can wear jeans, and many Coca-Cola sales outlets have been set up in Mount Kumgang."
"In the final analysis, the world is still controlled by middle-aged and elderly men. These people are constantly pursuing three things: power, money and beauty. Casinos can satisfy all three needs at once. As long as you have money, you can enjoy the world's top services and sleep with the most beautiful women in the casino. If you want to attract more foreign tourists, it is indeed feasible to open a casino in the Mount Kumgang International Tourism Zone."
"If the casino in the Mount Kumgang International Tourist Zone can bring foreign exchange income to North Korea, then North Korea may continue to build the Ryugyong Hotel with the SA Group. The development of North Korea's two special economic zones, Sinuiju and Rason, has not been satisfactory. North Korea will not easily give up the two external communication channels, the Kaesong Industrial Park and the Mount Kumgang International Tourist Zone." Song Yi made his own judgment.
Currently, SA Telecom has officially provided telephone and Internet services in the Kaesong Industrial Park and Mount Kumgang International Tourist Area.
If Korean tourists want to continue using communication services after entering the Kaesong Industrial Park and Mount Kumgang International Tourist Area, they need to apply for an SA Telecom mobile phone card first.
"The more tourists go to Mount Kumgang, the more new users SA Telecom will have. You have made a good deal." Song Suying asked curiously.
"SK Telecom is under a lot of pressure. Their company loses telecom users almost every month. SK Telecom's management suggested to me that SK Telecom should also provide telecom services to the Kaesong Industrial Park and Mount Kumgang International Tourist Area." Song Suying mentioned it.
Song Yi did not refute Song Suying's face. His tone was very relaxed. "That's no problem. I have always hoped that more and more Korean companies can participate in the construction of the Kaesong Industrial Park and the Mount Kumgang International Tourist Area."
"As long as SK Telecom is willing to share SA Telecom's initial construction costs, I don't mind letting SK Telecom provide telecommunications services to tourists in Kaesong and Mount Kumgang," Song Yi replied.
Song Suying immediately understood Song Yi's subtext, "The initial construction costs you mentioned, do you mean the cost of laying the network and building base stations in the Kaesong Industrial Park and Mount Kumgang International Tourist Area, or the initial construction costs after SA Telecom is established?"
Song Suying complained for SK Telecom, "Then you can't ask SK Telecom to share the construction costs of SA Telecom in Gyeonggi Province and Gangwon Province, right? Then wouldn't SK Telecom be the victim?"
Song Yi knew that SK Telecom was Choi An-won's direct line, and that SK Telecom's management actually wanted to make trouble for Song Su-young through the telecommunications projects in the Kaesong Industrial Park and Mount Kumgang International Tourist Area.
If Song So-young really succeeds in the negotiation, SK Telecom will be able to reap the benefits. Even if Song So-young fails, it will still shake her prestige.
After the Choi An-won brothers were imprisoned, Song Su-ying officially became the actual controller of SK Group and took charge of SK Group for Choi An-won. Song Su-ying's eldest daughter has started working in the bioengineering department of SK Group, and the second daughter is currently studying at Yenching University. She will join SK Group after graduation next year.
Song Suying now focuses her main energy on raising her two daughters and one son, and has no energy to get entangled with Choi Anwon's mistress Kim Hee-young.
"Director Song, if SK Telecom really wants to get involved, let them go talk to SA Telecom's Kim Myung-kyu. There's no need for the two of us to speak for our own company. Personal relationships are personal relationships, and business is business." Song Yi performed Tai Chi.
After visiting the casino at Walkerhill, Song Yi returned to the wedding venue. Cui Shanji, as a relative of the bride, wore a black and white dress today. When she saw Song Yi, her eyes lit up and she hurried over to him, holding up her skirt.
"Today is Soo-jin's wedding, where were you just now? Just now Soo-jin's relatives wanted to meet you and say hello to you, but I looked for you for a long time and couldn't find you. Did you sneak into some room to date a woman?" Choi Sun-hee pretended to complain.
"No, Director Suying and I just visited the casino in Walkerhill. Mount Kongzhuang is also planning to open a casino to attract foreign tourists, so we want to draw on and learn from the management experience of Walkerhill." Song Yi explained.
Cui Shanji said "oh", somewhat doubtful. Cui Shanji had worked with Song Yi before, and the relationship between Song Yi and Song Suying obviously could not be hidden from Cui Shanji.
Song Yi saw Cui Shanji's expression and knew that she was thinking wrongly, "Today is Heung Soo's wedding, and there are so many guests. How can I mess around at Heung Soo's wedding? Otherwise, Tae Hee will not forgive me."
Cui Shanji laughed and did not comment on Song Yi's words. She came here to discuss business. "Zhang Enying has obtained substantial evidence that our Chairman Cui embezzled 20 billion won. After the wedding, you can confront our Chairman Cui."
"Our Chairman Choi is forced to give up control of Dong-A Ilbo right after attending his daughter's wedding. Isn't it a bit cruel?" Song Yi said with reluctance.
Cui Shanji rolled her eyes at Song Yi and said, "Why are you pretending to be a good person now? What were you doing before? If you sympathize with Chairman Cui, you shouldn't have set your sights on his wife in the first place."
Song Yi coughed, his face flushed, and he felt a little embarrassed. During Zhang Enying's trip to Europe, she sneaked into Song Yi's room several times in the middle of the night to date him. Once, when Zhang Enying left Song Yi's room, she ran into Cui Shanji and was so scared that she almost screamed in the corridor.
Cui Shanji immediately signaled Zhang Enying to be quiet. "Your daughter is sleeping in the next room. If you wake her up at this time, you will lose face as a mother. I don't care about the mess between you and Song Yi. Anyway, I don't have much affection for our Chairman Cui, so I won't tell him."
Zhang Enying was relieved at that moment. She was afraid that Cui Shanji would stand up for her father Cui Yuanshuo. "Shanji, I was just confused for a moment and made a mistake that all women would make. After I return to Korea, I will cut off contact with Song Yi. You must keep this secret for me. If you ruin Xiuzhen's marriage, I will really have no face to face Xiuzhen in the future."
Cui Shanji smiled and gently patted Zhang Enying's pitiful face. "Song Yi is my boss, I can't possibly ruin his business. But there are some unpleasant things between Dongya Group and SA Group. I will not tolerate anyone continuing to damage the reputation of our SA Group. Aunt Enying, you must not stand on the wrong side."
Zhang Enying later understood that the reason why she met Cui Shanji as soon as she left Song Yi's room and was held hostage by Cui Shanji was actually due to Song Yi's instructions. Song Yi and Cui Shanji had jointly set up a trap, waiting for Zhang Enying to fall into it.
Fortunately, Zhang Enying has seen that the Dong-A Group is an empty shell, and wants to find a more powerful backer to find another way out for her and her daughter Cui Xiuzhen. Since Song Yi wants to take control of the Dong-A Daily, Zhang Enying will naturally try her best to plan for Song Yi.
Choi Sun-hee was somewhat skeptical about Jang Eun-young's loyalty. "Even if Chairman Choi is willing to hand over Dong-A Ilbo, it still has to be managed by Jang Eun-young. Jang Eun-young is not an easy person to deal with. Don't be fooled by her seemingly peaceful appearance. If you underestimate her, she might even harm our SA Group in the future."
Song Yi also has this consideration. "I plan to split off all the media businesses of SA Group and set up a separate media group company, which will be easier to manage. If we can take over Dong-A Ilbo, Dong-A Ilbo will be a subsidiary of this media group company."
"SA Media Group includes SA Brokerage, SA Music, SA Films, HugeDream Cinemas, SA Planning, ABS TV, CECI Sisters Magazine and Dong-A Ilbo, creating a media aircraft carrier belonging to our SA Group."
“If SA Media is really established, I will hand it over to you to manage. If you are the one to manage SA Media Group, the original management of Dong-A Ilbo will not have much resistance. Zhang Enying will not be able to cause any trouble working under you.” Song Yi talked about his initial plan.
"If SA Media Group is separated from SA Group, will it affect the stock price of SA Group?" Choi Sun-hee was a little worried.
"It's okay. SA Electronics' autumn new product launch will be held soon. After the Galaxy S1 is launched on the market, the stock price of our SA Group will soar like a rocket. We will still be one of the top ten conglomerates this year. It will take some time for the market to accept smartphones without physical keyboards. When the Galaxy S2 is released next year, the total market value of our SA Group will soon become one of the top three after Samsung Electronics and Hyundai Motor. SA Group will also officially become the third largest conglomerate in South Korea, and SK Group will be left far behind." Song Yi has prepared for this press conference for a long time.
It’s snowing in Hubei, and it’s really cold in the south. The electricity bill for running the air conditioner is too high.
(End of this chapter)