Of course, Song Yi couldn't reject 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 issued to me by Hana Bank. I used the property under my name as collateral. Is there any problem with this loan?" Song Yi asked tactfully.
Zhou Mengxian knew that Song Yi would not be able to explain the specific flow of funds. There are only a few types of short-term investments, such as buying stocks, bonds or funds, which can be cashed 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 cryptocurrencies. Because the class structure in South Korea is quite rigid, ordinary young people have limited room for advancement, and they hope to become rich overnight by speculating in stocks or cryptocurrencies.
Zhou Mengxian did not ask further questions, and continued to ask Song Yi, "I have studied your means of buying houses. You could obviously use the 10 million US dollars to continue buying houses, collect funds from tenants, and finally use 10% of the shares of New Korea Media to leverage hundreds of millions of dollars in funds. Why did you give up?"
Song Yi knew that Zhou Mengxian was testing him, so he organized his words and said, "Investment is not a sure thing. For me, even if I lose all the 10 million US dollars, I am confident that I can earn it back within two years and ensure that I have enough funds to return the deposits of the tenants."
"But if I have hundreds of millions of dollars in funds, if I make a wrong decision, it will be difficult for me to make a comeback. If the funds explode, I am afraid I will not be able to help but run away." Song Yi told the truth.
Zhou Mengxian got a satisfactory answer and did not continue to ask questions. His tone was much kinder. "I heard from Director Li that you graduated from Yonsei University. So we are alumni."
Yonsei University has many famous alumni, including three South Korean prime ministers and UN deputy secretaries-general, the founder of Daewoo Group, the chairman of LG Group, the CEO of Doosan Group and other political and business leaders.
Song Yi nodded, "I know that Uncle Mengxian was admitted to the Chinese Literature Department of Yonsei University with the first place, and he is also a role model for us younger generations to learn from."
Zhou Mengxian and Song Yi kept chatting on the way, and Zhou Mengxian's bodyguard followed behind him, keeping silent. Zhou Mengxian found that Song Yi had a very wide range of knowledge, 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 let you manage one of the subsidiaries under the group."
Song Yi is able to manage both Shinhan Advertising and Shinya Entertainment well at the same time. The revenue of Shinhan Advertising has been in a high-speed growth mode, which fully reflects Song Yi's level of company management.
Song Yi declined politely, "I am better at equity investment than doing business." Working under Zhou Mengxian is not as good as being your own boss . Seeing that Song Yi really had no intention of joining the Hyundai Group, Zhou Mengxian trusted him more.
If Hyundai Motor and Hyundai Heavy Industries are not counted, Hyundai Group now has about 30 subsidiaries. If Song Yi becomes the CEO of a subsidiary, and if Song Yi turns against him at a critical moment, Chairman Zhou Mengxian will have to resign.
Zhou Mengxian couldn't help but ask Song Yi, "The chairman is ready to hand over the Hyundai Group to me, but my second brother and sixth brother are not satisfied with my father's decision. If you were in my situation, what would you do?"
Song Yi was surprised, "Uncle Meng Xian, do you really want to listen to the opinions of a junior like me?"
Zhou Mengxian said, "It doesn't matter, just say whatever you want, and gather the wisdom of all. Bystanders can see more clearly."
Song Yi had considered this issue a long time ago, "Retreat to advance."
Zhou Mengxian listened with an open mind, "How do you retreat in order to advance?"
"Uncle Meng Xian, why don't you give up the chairmanship of Hyundai Group and exchange your shares in Hyundai Group with Uncle Meng Jiu and Uncle Meng Zhun to gain control of several subsidiaries."
"No matter which of them takes over Hyundai Group, Hyundai Motor or Hyundai Heavy Industries will return to Hyundai Group. Hyundai Motor or Hyundai Heavy Industries will naturally assume the debts of Hyundai Group. Uncle Meng Xian, the problem that you are worried about now will be handed over to Uncle Meng Jiu or Uncle Meng Zhun to worry about."
Zhou Mengxian seemed to be thinking about something, and he seriously considered Song Yi's suggestion. "Then which subsidiaries do you think I should get control of?"
"Modern electronics, modern construction, modern Eshan, modern elevators and modern merchant ships," Song Yi answered without hesitation.
Zhou Mengxian previously served as president of Hyundai Electronics, and developed Hyundai Electronics into the world's second-largest chip manufacturer.
The Kaesong 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 Zhou Mengxian's mother-in-law Jin Wenjie. At that time, this part of the shares will be left to Zhou Mengxian's wife Zheng Enxuan. Of course, he needs to keep this company.
Zheng Enxuan's father is the former president of Hyundai Merchant Marine, and Zhou Mengxian has no shortage of supporters in Hyundai Merchant Marine.
But why did Song Yi suggest Zhou Mengxian to keep Hyundai Construction? This company has a glorious history, having built the famous Han River Bridge, Korea's first expressway, the Gyeongbu Expressway, and several nuclear power plants in Korea.
However, Hyundai Engineering & 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 in return, "Uncle Mengxian, if Hyundai Electronics and Hyundai Construction are both profitable subsidiaries, do you think you can get control of these two companies from Uncle Mengjiu?"
"I personally am more optimistic about the two projects of semiconductors and real estate. In the next 20 years, these two industries will have opportunities for vigorous development. If Modern Electronics is willing to build a factory in China, it doesn't have to worry about funding," said Song Yi.
Samsung Electronics is the core industry of Samsung Group, and its core business is divided into two parts: mobile phones and chips. Samsung began to exert its strength in the semiconductor field in the 1990s, and gradually widened the gap with Hyundai Electronics. It also surpassed Hyundai Group with the unique Samsung Electronics.
Zhou Mengxian can retain control of Hyundai Construction, and Song Yi can then enter the mainland real estate market with Zhou Mengxian. At this time, the leading real estate companies in the mainland market, Vanke, Evergrande, and Wanda, are still just younger brothers in front of Hyundai Construction.
Hyundai Group is now in a state of chaos, 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 Hyundai Group, let alone return to Hyundai Group.
Zhou Mengxian knew that Zhou Mengzhun was already planning to separate Hyundai Heavy Industries from Hyundai Group. As long as his father Zhou Zhengyong passed away, Zhou Mengzhun would be impatient to take action. By then, Hyundai Group would be completely disintegrated and even on the verge of bankruptcy. Zhou Mengxian asked Song Yi for his opinion, "What do you think of me announcing my resignation now and persuading my father to pass the chairmanship of Hyundai Group to my sixth brother?"
The first update is finished, and there will be another chapter in the evening. Regarding the problem that readers said there are too many commercial parts, this is also developed as the plot progresses. Song Yi can't suddenly become a big shot for no reason, right?
(End of this chapter)