Just as the three bank representatives were struggling with their decision, a single sentence from Zhang Yiming made them make up their minds.
"The three of you, sticking to the old ways will not allow you to surpass the top three banks. Only by taking risky moves and using unconventional methods will you have a chance!"
Upon hearing this, the three representatives gritted their teeth and thought, "So what if we lose a little money? As long as we scale up the business, we might not lose anything."
"Let's do it!"
"Exactly! It's just eight percent. The Koreans can afford it, and we can afford it too!"
"We'll do it even if it means losing money!"
"Okay, that's bold. I'll try my best to persuade the Koreans to lower the interest rate a bit. As for whether they'll agree or not, I can't guarantee that. So, what about the withdrawal issue?"
"Withdrawing cash is not a problem. We did a survey before, and now Douyin coins can be used for almost all aspects of life. Except for some special cases, it will hardly affect normal life."
"Indeed, and most people buy wealth management products with their reserve funds, which they only use to buy wealth management products when they don't need them for the time being, so it won't have a big impact."
"Furthermore, we have launched a Douyin Coin loan service. You can borrow money from our bank based on the amount of Douyin Coins you have. If you can't repay the loan, our bank will also collect the Douyin Coins."
Zhang Yiming raised an eyebrow.
"Your bank is really keeping up with the times."
"Haha, not at all, where there is demand, there will be a market."
"Okay, since you have no problem, I'll go talk to the people on the Korean side. I'll let you know when things are settled, so get ready for the merge."
"OK."
After the meeting, Zhang Yiming contacted a representative from Samsung Bank.
The Samsung Bank representative had just finished a phone call with Zhang Yiming about Samsung Bank's full takeover of Bangzibao, and not long after, he received another call from Zhang Yiming.
"Hello Mr. Zhang, is there anything else we were discussing?"
"Ah, no, no, it's like this, I just received a notification that the Huasuan Wealth Management Korean Zone and Xiao Rizi Zone will be merged soon. At that time, all the wealth management products in Huasuan Wealth Management will be interchangeable, which means that people from both countries can buy them. I hope you can prepare in advance."
"ah?"
Before the Samsung Bank representative could express his doubts, Zhang Yiming hung up the phone at lightning speed and blocked the Samsung representative's number.
"Phew~ I'm so glad I didn't get scolded. I'm really quick and clever."
The Samsung Bank representative was still completely bewildered.
Oh no, you guys at Huasuan Pay are really something else! Samsung Bank just got the exclusive rights to Korean Pay, and we thought we could monopolize the entire Korean market.
And then you just turn around and merge the servers?
Huh? You can't take a joke!
However, there was nothing he could do about it; he could only report it to the authorities.
After being reported through multiple levels, the news finally reached the head of the Li family.
"Combined area?"
The head of the Li family was also taken aback upon hearing this.
He hadn't expected the district merger. He thought Lin Chen would at most cooperate with Cui Dacheng again to create a financial product to compete with Bangzibao for the market. So he had Cui Dacheng arrested in advance, even though it was just to cooperate with the investigation and he would eventually be released. He could delay it for a few days.
However, he never expected that Lin Chen would simply abandon Cui Dacheng and leave him alone.
No, isn't your Celestial Empire a land of etiquette? How could you abandon your comrades like this?
Lin Chen: Are you mistaken? I am from China, and he is from South Korea. How could we possibly be comrades-in-arms?
The head of the Li family was caught in a dilemma. If he didn't agree, then all the effort he had put into planning this Korean treasure would be wasted.
His original plan was to use the Huasuan Wealth Management platform to pool the people's money and ensure it flowed only into Samsung's pockets, not into the pockets of other conglomerates.
In this way, the power of other conglomerates will become weaker and weaker, and they will eventually be swallowed up by Samsung.
As for why Samsung doesn't create its own financial management platform, why not?
So it's because the chaebols have such a bad reputation, right? In the eyes of the Korean people, the chaebols are a bunch of vampires. Would vampires give you benefits? You must be drunk.
Moreover, if Samsung develops its own platform, other conglomerates will do the same. Whether everyone does it or no one does it, there's really no difference.
The Huasuan Wealth Management platform entered South Korea due to public demand, and with Choi Dae-sung endorsing it, it enjoys a very good reputation among the public.
That's why Samsung is so eager to snatch the Korean baby and make it their own.
If I agree, wouldn't my previous plans be wasted? Not only would I not be able to make money from other conglomerates, but I would also have to give up such a high rate of return of eight percent. Wouldn't that be a complete traitor?
He was about to refuse when suddenly, a brilliant idea struck him and he came up with a way to break the deadlock!
Since the regions are being merged, can the Koreans also make money in Xiaoxing? Xiaoxing's population is more than twice that of the Koreans, so the market is huge!
Therefore, although Samsung cannot completely suppress the other South Korean conglomerates, Samsung's assets will increase dramatically. Perhaps by then, Samsung's assets alone will be no less than the total assets of all other South Korean conglomerates.
In that case, those chaebols wouldn't deserve to be called chaebols in front of me!
That's right, that's exactly it!
Upon thinking of this, the Li family patriarch's expression suddenly improved, and he began to laugh heartily.
His smile startled the Samsung Bank president who came to report, who thought the patriarch was so enraged by the payment scheme that he might pull out a gun and kill himself in a fit of rage.
For these tycoon bosses, killing someone to add to their fun is a perfectly normal thing!
Fortunately, after laughing for a while, the head of the Li family stopped and spoke.
"Go and agree to the demands of the payment platform; we agree to merge the regions."
"Okay, by the way, Master, Huasuan Payment said that if we agree, should we lower the interest rate a bit and align it with the three major banks on Xiaorizi? They suggested that we set it at six percent."
The head of the Li family immediately understood what the "cost-effective payment" meant.
A 6% return is still much higher than offline returns, but it won't cause the bank to lose money.
The initial 8% profit margin was mainly to attract users to the product, which was essentially a loss-making endeavor to gain publicity. Once the user base reaches a certain scale, the profit margin can be reduced a bit.
"Okay, I agree. Let's go a little higher, 6.50."
"Yes, Master, I will reply to Huasuan Payment right away."
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