When Song Yi just came home, Xia Meiai hurried to the courtyard to greet Song Yi. When Song Yi saw Xia Meiai coming down the steps to greet him, he was so vain that he quickly walked up to Xia Meiai and shook hands with her.
"Minister Xia, I'm sorry. I had something to deal with when I was about to get off work, so I was delayed for a while. I'm sorry to have kept you waiting." Song Yi said.
Xia Meiai smiled and said, "It's okay. I was just chatting with Taixi and we had a pretty good time."
"President Song, I have to criticize you on this point. Tae Hee is so capable, why didn't you want to let her manage SA Group's subsidiaries before? You had to wait until SA Media Group separated from SA Group before you were willing to let her come out to work. Aren't you too cautious? SA Group was originally founded by you alone, are you still worried about gossip from other directors of the board of directors?" Xia Meiai said seriously.
Kim Tae Hee was touched when she heard Xia Meiai speak up for her. "I don't blame him. It's mainly because I can't bear to hand over the THK clothing brand to a professional manager. I built up the THK service brand step by step. It's like my other child. If I don't hire a professional manager, I won't be able to take over HugeDream Cinemas."
HugeDream Cinemas is already the largest cinema chain in South Korea, and all 16 Walmart supermarkets in South Korea have built HugeDream cinemas. HugeDream Cinemas has little room for growth in the Korean market. If it wants to increase its business scale, HugeDream Cinemas must accelerate its layout in the mainland market.
SA Group also has a film and television company in the mainland, New Asia Culture Media. In order to better promote the films produced by New Asia Culture Media, HugeDream Cinemas will have to open more cinemas in the mainland.
New Asia Culture Media already has two directors, Zhang Yimou and Ning Hao. After the release of "Curse of the Golden Flower", Zhang Yimou announced that he would leave New Picture and join New Asia Culture Media.
Zhang Weiping was obviously unhappy and accused New Asia Culture Media of being dishonest. New Asia Culture Media poached Zhang Yimou before his contract with Zhang Weiping expired. Zhang Weiping was going to sue Zhang Yimou and New Asia Culture Media, demanding that both of them bear the liquidated damages for Zhang Yimou's termination of the contract.
Zhang Yimou said that New Picture Pictures and Zhang Weiping had embezzled his profits, and demanded that New Picture Pictures must disclose its accounts and compensate Zhang Yimou for his creative income. New Picture Pictures and New Asia Culture Media were arguing fiercely, and other people in the film and television industry were just watching the fun.
Later, the relevant departments could no longer stand it and warned New Picture, asking it to be quiet. Zhang Yimou is now the chief director of the opening ceremony of the Olympic Games. If Zhang Weiping affects the opening ceremony of the Olympic Games, then the films shot by New Picture Pictures will not be able to be released in the mainland in the future.
Song Yi glanced at Tai Xi and said, "If Tai Xi joins SA Group right after graduation, the senior management team of SA Group may not be convinced by Tai Xi. I have never wanted SA Group to become a husband-and-wife business."
"Taehee has been working outside for three or four years and has made the THK clothing brand a representative of Korean light luxury women's clothing brands. She has also put in a lot of effort. Taehee has now taken over as the president of HugeDream Cinemas, and there is no opposition from HugeDream Cinemas." Song Yi explained.
"Regardless of whether in business or government, experience is very important. Song Yi, we are all family, there is no need to hide some things from you."
"South Korea's economy has been somewhat sluggish in the past two years. This year's GDP growth rate is expected to be 5%, and foreign investment has been declining for two consecutive years. The South Korean economy has shown an overall downward trend. How to better boost the South Korean economy has also become the focus of debate between the Open National Assembly and the Grand National Party."
"Now that the National Assembly is open, many members of the Legislative Yuan claim that I have never served as a local government chief or the head of an economic department and am not very good at economic affairs. They have asked to recommend Prime Minister Zhou Yuncan to participate in the presidential election in the second half of the year. The president is also very busy with this matter." Xia Meiai complained to Song Yi.
"If Zhou Yuncan is really good at economic affairs, then why has the South Korean economy been sluggish in the past two years? These people actually don't want a female president with a strong personality. Many leaders of South Korea's large conglomerates are involved in various lawsuits and countersuits. SK's Choi Ahn-won has not been released yet, and Uncle Meng Jiu is also under investigation by the prosecution and may be convicted of embezzlement. The exports of Samsung Electronics and Hyundai Motor have not improved at all, so how can the South Korean economy perform well?" Song Yi asked in return.
Xia Meiai agreed, "Who says it's not true? Besides, the Korean economy has had some bright spots in recent years. SA Group has broken the monopoly of the five major financial groups. Song Yi, you are the first super-rich Korean to be in the top five of the Forbes Rich List. You have now become the most shining business card of the Korean economy. When the president visits other countries this year, he will give the Galaxy S1 series of mobile phones as a state gift. After all, the Galaxy S1 is the world's first touch screen smartphone and a symbol of Korea's technological strength."
When Song Yi heard Xia Meiai say this, he just wanted to complain in his heart. The success of the Galaxy S1 series of smartphones relied more on the support of the technical team of Gaojin Electronics Puhai Research Center. How could this phone become a symbol of South Korea's technological strength?
"There are also many controversial voices in Congress about the Galaxy S1 series of mobile phones. Gaojin Electronics' research center is located in Puhai, Luxshare Technology's foundry is located in Yangcheng, and the memory chips come from Liangxi Semiconductor Factory."
"The Galaxy S1 mobile phone is developed and produced in mainland China. After the phone is assembled, it is transported to South Korea through customs for sale. Many lawmakers have begun to question whether Gaojin Electronics is a Chinese or Korean company, and whether the Galaxy S1 series of mobile phones are Korean or Chinese phones. Is it appropriate for the president to give the Galaxy S1 series of mobile phones as a Korean state gift to other heads of state? Is the president advertising for Gaojin Electronics in disguise?" Xia Meiai continued.
When Song Yi heard what Xia Meiai said, he just wanted to curse. Although Song Yi had a good personal relationship with many bigwigs in the Open National Assembly, there were still many members who disliked the SA Group and Song Yi. No matter how rich Song Yi was, he couldn't give them money. The rise of the SA Group would affect their economic interests.
"SA Group is a multinational company. The success of Gaojin Electronics has brought together the best talents from China, the United States and South Korea. It would be biased to simply define SA Group as a Korean company or a Chinese company. However, SA Group's headquarters will always be in Seoul. In order to show our SA Group's determination to take root in Seoul, our SA Group plans to build a skyscraper in Seoul as its new headquarters building." Song Yi said.
When Xia Meiai heard Song Yi say this, her eyes lit up instantly. If the SA Group built a skyscraper in Seoul, it would also be a political achievement of the Open National Assembly.
"Skyscraper? How tall is the new headquarters building of SA Group? It can't be lower than the 63 Building, right?" Xia Meiai asked hurriedly.
The headquarters of Asan Group was previously located in the 63 Building, which is also a landmark building in Seoul.
The full name of the 63 Building is the Korea Life 63 Building. It has 63 floors in total, 3 floors underground and 60 floors above ground. The total height is 264 meters.
The 63 Building was the tallest building in Asia in the 1980s. Standing beside the Han River, the double-reflective glass on the building's surface reflects golden light under the sun, so Koreans also call it the "Golden Tower." Although it is not the tallest building in Korea now, it has always been the tallest building in the minds of Koreans.
When Song Yi heard what Xia Meiai said, he laughed and said, "Minister Xia, you really underestimate the strength of our SA Group."
"The height of SA Group's new headquarters building must be at least higher than Namsan + Seoul Tower. Once the SA Group's headquarters building is completed, it will become the tallest building on the peninsula." Song Yi said confidently.
Xia Meiai calculated in her mind that the height of Namsan Mountain is 265 meters, and the height of Seoul Tower is 236.7 meters. Seoul Tower is also a landmark building in Seoul.
If the SA Group's new headquarters building is taller than the Seoul Tower, then the height of this skyscraper will be at least 502 meters! The height of the Pyeonggyeong Ryugyong Hotel is 330 meters. Song Yi said that the SA Group's new headquarters building is the tallest on the peninsula.
"I heard that the United States has been preparing to rebuild World Trade One on the site of the World Trade Twin Towers since last year. The design height of World Trade One is 1,776 feet (541.3 meters), the same as the year the United States was founded. If SA Group builds a new headquarters building, I hope your new headquarters building is taller than World Trade One." Xia Meiai made her suggestion.
Song Yi was a little surprised. He didn't expect that Justice Minister Xia Meiai would actually pay attention to the reconstruction of World Trade Center One.
Lotte Group built the Lotte World Tower in Seoul, next to which is Lotte World, with a total height of 555 meters.
Hyundai Motor Group was not to be outdone and then prepared to build the Hyundai Motor Headquarters Building. The original design height of Hyundai Motor was 553 meters, two meters shorter than Lotte World Tower.
As a result, when the building was about to start construction, Hyundai Motor Tower revised their design plan. The total number of floors remained unchanged at 105 meters, but the building height increased from 553 meters to 569 meters. When the Hyundai Motor Headquarters Building is completed, it will surpass Lotte World Tower and become the tallest building in South Korea.
It is now 2007, and the projects of Lotte World Tower and Hyundai Motor Headquarters Building have not yet started. The new headquarters building of SA Group will become the first super-high building in South Korea with a height of over 500 meters.
If the 63 Building built in the 1980s is the landmark building of the Han River Miracle, then the SA Group's new headquarters building will also become the most shining architectural business card of the Korean economy in the 21st century, and will also greatly enhance the self-confidence of Koreans.
In fact, Lotte World Tower was designed and planned for thirteen years before it was approved for construction by the Seoul City Government in the second half of 2010. The groundbreaking ceremony was held in March 2011.
The reason why Song Yi planned to build the new headquarters building of SA Group was to get ahead of Lotte Group and complete the landmark building of Seoul City: SA World Tower in advance.
After the SA World Tower is approved, Song Yi will work with the Seoul City Government to get it to reject the construction plan of Lotte World Tower. Park Donghao was re-elected as the mayor of Seoul last year. At least before 2010, the construction project of Lotte World Tower would not have been approved by the Seoul City Government.
Song Yi's initial idea was to build a 118-story super high-rise building with a total height of 568 meters, which would include the AXA Hotel, THE Art Gallery, luxury apartments, a large shopping mall, the SA Group office building and some office buildings for rent.
Song Yi gave Xia Meiai a positive reply, "The new headquarters building of SA Group is tentatively named SA World Building. The height of this building will not be less than 550 meters and will not exceed 600 meters. The specific height of the building will depend on the design plan of the architectural firm and the environmental impact assessment of the municipal government."
Xia Meiai felt relieved when she heard Song Yi say this. "Okay, I feel relieved when you say this. I will report to the president tomorrow. At that time, the president may summon Mayor Park. I hope you can give a brief report on the SA World Building."
"We must move faster rather than later. We have to get the SA World Tower approved before March next year, and we can officially start construction at the end of 2008 or the beginning of 2009 at the earliest. The building will be completed and open to the public in 2014 or 2015. By then, the president and I will both be retired, and we can visit the SA World Tower as ordinary citizens." Xia Meiai couldn't help but look forward.
"I have no problem with this. The SA World Building is mainly used for independent offices, and there is indeed a strong demand for this. From a cost-saving perspective, building a new headquarters building is far more cost-effective than renting other office buildings now," said Song Yi.
Although Xia Meiai didn't understand design, she couldn't help but discuss the exterior design of the SA World Building with Song Yi.
After Xia Meiai returned satisfied, Kim Tae-hee noticed Song Yi's tired look. Kim Tae-hee stood behind Song Yi and massaged his shoulders and neck. "A 550-meter skyscraper must cost at least 2 billion US dollars."
"SA Telecom and SoftBank recently acquired part of Sprint's shares, reportedly for another $5 billion. Although the Galaxy S1 series of mobile phones is the cash cow of the SA Group, it can't afford to make them like this."
"I heard that the SA Group is also preparing to launch the East China Sea oil pipeline project, which is another billion-dollar project. The SA Group is spending money like crazy. Aren't you worried that the SA Group's capital chain will collapse?" Kim Tae-hee was a little worried.
The average selling price of Galaxy S1 series phones is over RMB 5,000, and the global sales volume of Galaxy S1 series phones is expected to be between 10 million and 12 million. Galaxy S1 series phones will bring about RMB 50 billion to 60 billion in revenue to SA Group. Although this amount of money seems to be a lot, if SA Group is to launch several major projects at the same time, such as SA World Tower, East China Sea Oil Pipeline and Sprint acquisition, the funds will still be a bit tight.
Song Yi pulled Kim Tae Hee over and asked her to sit on him. The two of them sat face to face and chatted. Song Yi explained to Kim Tae Hee: "SA World Tower does not require full payment. Our group only needs to raise 400 million to 500 million US dollars in start-up capital."
"Once we win the bid for the land, we can use it to get a loan from the bank. The main builder of the SA World Tower is definitely SA Real Estate. We will pay the construction fee in batches according to the progress of the project. If the remaining 1.6 billion US dollars is spread over five or six years, we only need to pay 200 to 300 million US dollars each year, which will not affect the liquidity of the SA Group."
"The East China Sea oil pipeline plan has not yet appeared. It is just an initiative. Whether it can be built or not is still unclear. Even if the oil pipeline is to be built, the government will have to pay for it. We cannot be the main funder. SA Telecom and SoftBank jointly acquired Sprint shares. Although SA Telecom and SoftBank have established a joint venture, SoftBank still holds the majority of the joint venture. The 5 billion US dollars allocated to SA Telecom is actually not much."
"Don't worry, I've always been very cautious in doing things and I never fight a battle without preparation. After the SA World Building is completed, the 117th and 118th floors will be turned into observation halls for tourists to visit. The 116th floor will be reserved for you, and you can build THE private art gallery that is not open to the public. It's quite pleasant to invite three or five good friends to come over, drink tea, and look at the collections." Song Yi said.
After listening to Song Yi's explanation, Jin Taixi breathed a sigh of relief. "Husband, I like you to tell me about some things in the company. I may not understand them yet, but I can learn. You are the towering tree of SA Group, and we are all well protected by you under your shade. But we still have to go out and experience the wind and rain, so that we can grow up faster and become your true good wife, so don't hide some things from me. We are husband and wife, we share the happiness and bear the difficulties together, okay?"
Song Yi looked at Kim Tae Hee, kissed her little mouth, and agreed happily, "Okay!"
In mid-March, Song Yi went to the Blue House and reported the relevant information of SA World Tower to Song Yuxi. SA Group still plans to continue to cooperate with Zaha Hadid Architects this time. Zaha Hadid Architects previously designed the Wangjing Center Office Building for SA Real Estate. The H-shaped Wangjing Center Office Building has also become a landmark building in the Wangjing area.
In April, South Korean media began to promote the SA World Tower, with articles such as "Asia's richest man Song Yi plans to build South Korea's tallest building", "Unveiling the mystery of SA World Tower's top luxury hotel AXA", and "The total construction cost of the SA World Tower exceeds 2.5 trillion won. Why are large conglomerates so keen on building skyscrapers?"
Kim Hyuk-ho and his son of Lotte Group were furious after seeing the report about SA World Tower. Lotte World Tower has not been approved and the South Korean military does not agree to build it. They believe that if a war breaks out between North and South Korea, Lotte World Tower will be a live target for North Korean artillery. Super high-rise buildings will also affect the flight safety of aircraft taking off and landing at Gimpo Airport.
Lotte World Tower has not been approved for ten years. Song Yi plans to build SA World Tower. Why is there support from all over Seoul and South Korea?
Dong-A Ilbo even pointed out that the SA World Tower is a concentrated display of South Korea's national strength and provides a new Seoul business card for the Seoul International Expo held in 2012. Kim Hyuk-ho and his son have already seen that compared with the SA Group, the Lotte Group is indeed not well received.
It's the end of the month, so I'll update in advance. There will be another chapter on the 31st. Thank you all for your monthly votes!
(End of this chapter)