On March 20, 2001, Hyundai Group held a media conference at the Hyundai headquarters building in Gyedong. Reporters from the three major TV stations KBS, SBS, and MBC, the three major newspapers Chosun Ilbo, JoongAng Ilbo, and Dong-A Ilbo, as well as the three major Internet media reporters Yahoo Korea, Naver, and Daum all attended the conference.

All members of the modern family were present, including Zhou Shiyong, Zhou Xiyong, Zhou Xiangyong, and Zhou Mengjiu, Zhou Mengxian, Zhou Mengzhun, and Zhou Menggen, the first generation of the Zhou family. What caught people's attention were Zheng Enxuan, Li Yizhi, and Song Yi, who were sitting next to Zhou Mengxian.

Li Yizhi is the former president of Hyundai Securities and Zhou Mengxian's close confidant. Last year, Zhou Mengjiu took advantage of Zhou Mengxian's business trip to the United States to transfer him from Hyundai Securities in order to gain control of Hyundai Group. Since he appeared at the press conference, it was obvious that he had something important to announce.

Zhou Mengzhun was the first to speak. "According to the arrangement of Honorary Chairman Zhou Zhengyong and the vote of the directors of Hyundai Group, I was appointed as the new chairman of Hyundai Group. This is a heavy responsibility. I will work hard, set an example, and work with 100,000 Hyundai employees to fulfill the social responsibilities of a large enterprise, create more foreign exchange, and make more contributions to the people. Thank you!"

Hyundai Group is a large listed company. Changes in the company's management will affect the company's stock price, and the public is also very concerned about this, so it is necessary to hold a large-scale media meeting to explain it to the public.

For retail investors who hold Hyundai Group shares, they actually hope that Zhou Mengjiu will lead Hyundai Motor back to Hyundai Group. After all, Zhou Mengxian's performance in the past year has proved that he is indeed not qualified for the position of chairman of Hyundai Group.

However, since Zhou Mengzhun has become the chairman of Hyundai Group, Hyundai Heavy Industries will naturally not separate from Hyundai Group. Among the two major profitable sectors, automobiles and shipbuilding, at least shipbuilding has been retained, which can be regarded as a blessing in disguise.

Zhou Mengjiu also made a brief speech, expressing his support for his father Zhou Zhengyong's decision, and that Hyundai Motor and Hyundai Group will be brother companies in the future and will support and help each other.

After Zhou Mengzhun and Zhou Mengjiu finished their speeches, the media at the scene turned their attention to Zhou Mengxian. Zhou Mengxian was removed from his position as chairman of the Hyundai Group by Zhou Zhengyong this time, and they wanted to see his reaction. If the Zhou brothers came to blows at the media meeting, it would be even more lively and would definitely make the headlines tomorrow.

The expectations of the media reporters were obviously dashed. Zhou Mengxian took over the microphone and expressed his respect for his father's decision. He said that Zhou Mengzhun was a very outstanding business leader and hoped that the Hyundai Group would develop better and better in his hands. He looked like a brother.

After Zhou Mengxian finished his speech, Li Yizhi began to speak, and he introduced the inside story of the Hyundai Group's reorganization.

Hyundai Asan, Hyundai Electronics, Hyundai Construction, Hyundai Elevator and Hyundai Merchant Marine officially separated from the Hyundai Group to form a separate Esan Group, with Zheng Enxuan as the chairman of the Esan Group, Li Yizhi as the company's executive director, and Song Yi as the company's executive director.

Hyundai Electronics, Hyundai Construction, Hyundai Elevator and Hyundai Merchant Marine were officially renamed Asan Electronics, Asan Construction, Asan Elevator and Asan Merchant Marine. Hyundai Asan was also officially renamed Asan Group and became the parent company of Asan Group. The stock name of Asan Group on the Korea Stock Exchange is Asan.

Asan Group, like Hyundai Motor, is no longer a subsidiary of Hyundai Group. The Korea Fair Trade Commission has approved Asan Group's application to separate from Hyundai Group today. There is no mutual borrowing or mutual guarantee of debts between the two companies.

The restructuring of Hyundai Group involves major issues in the restructuring of the company's assets. The stocks of Hyundai Group and Asan Group will be temporarily suspended for 10 trading days and will resume trading after April. The reorganized Asan Group has assets of more than 5 trillion won and a total of 12,431 employees, of which Asan Electronics and Asan Construction have the most employees.

Hyundai Motor still retains the name Hyundai, while Eshan Group and all its subsidiaries have removed the word Hyundai. It is obvious that Zhou Mengxian intends to start anew this time, so Li Yizhi did not say that Eshan Group is a sister company of Hyundai Group, and emphasized that he would maintain a good brotherly friendship with Hyundai Group and Hyundai Motor Group.

Noh Qiuyan, a reporter from Chosun Ilbo, sneered in the audience. Everyone knew that Zhou Mengxian and Zhou Mengjiu had an enemy relationship. They were just a falling out between brothers, so there was no friendship at all.

Song Yi is clearly the executive director of Shinhan Media. How come he suddenly became the executive director of Eshan Group not long after the beginning of the new year?

The founder of Shinhan Media is Chen Jae-chan, who is also a member of the Samsung family. Song Yi is able to walk between the Samsung family and the Hyundai family at the same time and make profits from both sides. He must have his strengths.

Song Yi is only 25 years old this year, but he has become the executive director of a listed company. This is simply incredible in South Korea, where seniority is the key. She once suspected that Song Yi was Zhou Mengxian's illegitimate son who was left alone.

At this time, there were two other people watching this media meeting on TV, one was Song Woo-seok and the other was Song Hye-kyo.

Song Hye Kyo was not very interested in this kind of economic news. When she was about to change the channel, she suddenly saw Song Yi on the screen.

She thought she had seen it wrong, so she looked again carefully. Who else could the person sitting on the stage be other than Song Yi?

Wasn't Song Yi selecting advertising directors for Kim Tae Hee during this period? Why did he suddenly attend the media meeting held by Hyundai Group?

Song Hye Kyo was now interested. She moved a stool, sat in front of the TV, and started watching the live broadcast of the media meeting.

Song Hye Kyo's mother was a little surprised. "Don't you usually only read entertainment news? Why are you suddenly interested in economic news? Are you planning to find a husband from the descendants of chaebols? Those sitting on the stage are basically the core members of the Hyundai family."

Song Hye Kyo pointed at Song Yi with great interest, "Oh mom, this is the President Song of New Asia Entertainment that I told you about. The Xiang embroidery screen in our house was given by him."

"President Song?" Song Hye Kyo's mother put on her glasses and took a closer look. She had seen the photo of her daughter and Song Yi and recognized him immediately. "Don't say it, it's really him. Isn't this a media meeting of the Hyundai Family? What does it have to do with him? Why? Is he also a member of the Hyundai Family?"

Song Hye Kyo thought about it for a while, and before the meeting was over, she secretly edited a text message to Song Yi, "President Song, I really like the screen you gave me last time. When you are done with your work today, can you come to my house? It doesn't matter how late it is. I have something important to discuss with you."

One chapter is finished, there will be another chapter later

(End of this chapter)