It is the logic of all big companies to desperately seize the direction of the big era.

  Li Zai, vice president of Samsung Electronics and actual head of the Samsung Group, inspected the Xi'an Semiconductor Factory on the 18th to evaluate the expansion plan.

  The Xi'an factory is Samsung's only overseas semiconductor memory production base.

  Externally, Samsung has to deal with changes in the overall situation in the world.

  At the beginning of the 5G era, Samsung's smartphone and chip businesses have ushered in a downward trend in performance.

  During the trade war between Japan and South Korea last year, Japan announced restrictions on the export of three key semiconductor manufacturing materials, which instantly caught Samsung ’s lifeline in semiconductor production.

  Li Zairong announced that he will invest 110 billion US dollars to invest in logic chips. It is expected that after ten years, it will become the world's largest non-memory chip manufacturer.

  The ebb of globalization, the reshuffle of geopolitical patterns, supply chain reorganization, and industrial iteration are all testing the wisdom of Samsung.

  On May 6, Li Zairong held a press conference, apologized to all Chinese, responded to the issue of succession of management rights and the policy of "non-union management", and announced for the first time that he would not hand over the company's management rights to his children.

  This move caused great shock in Korean society.

  The Yonhap News Agency said that this means that Samsung ’s succession model, from founder Li Bingzhe to Chairman Li Jianxi to Li Zaiyong ’s three-generation grandfather and grandson family management, ended.

  The "Hang River Miracle" created by South Korean President Park Jung Hee quickly sent a backward agricultural country into the ranks of developed countries, and became the object of subsequent learning in other East Asian countries, relying on the state-made chaebol as an economic engine.

  However, the chaebol group with Samsung as its leader has been widely criticized for its family heritage and low transparency.

  For Korean society, the existence of these problems makes the chaebol group more powerful, and the greater the danger that may be brought to the public.

  Political forces represented by former South Korean President Kim Dae-jung continue to find ways to restructure and reform the chaebol. Its core contents include breaking the chaebol family control, selling non-core enterprises, and implementing specialized operations.

  As the head of the Korean consortium, Samsung Group has penetrated almost all industries, and its revenue accounts for about 20% of the total GDP of South Korea.

  A person born in South Korea may be inseparable from Samsung's industry from birth to grave, clothing, food, housing, transportation, education, medical treatment, and entertainment. There is a saying in Korea that "a Korean can't live without three things, death, taxation, Samsung" , which vividly illustrates Samsung's influence in South Korea.

  Samsung is also one of the world's largest multinational enterprise groups, and its business involves many fields such as electronics, finance, machinery, and chemistry.

  It is estimated that Samsung Group's overall revenue will exceed 300 billion US dollars, which is more than Volkswagen Group of Germany and Toyota of Japan, ranking 8th in the world's top 500.

  Internally, Samsung has to deal with popular sentiment, family grievances and changes in the political ecology.

  Li Zairong said that it is his responsibility and mission to recruit talents regardless of gender, nationality, and nationality. Let the talents work hard with the sense of ownership to lead the career, and then let Samsung continue to be Samsung.

  Samsung promised that it would abolish the no-union policy.

  On May 13, Li Zairong met with Zheng Yixuan, Hyundai Motor Group's chief vice president.

In the 1990s, the second generation of the South Korean Hyundai Group family, Zheng Mengjiu ’s brothers, fought in battle, which caused the group to split and ceded the position of South Korea ’s largest consortium to Samsung.

  This is a new gesture of reconciliation with all parties in society.

  Various economic giants hatched by the four Asian dragons in the past have successively entered the three-generation succession stage.

  Aside from all kinds of dog blood, the rich grievances and history of chicken blood, the Samsung and Li Zairong families found a win-win solution for the wealth transition of the wealthy families, governments and society that emerged after World War II in Asia. .

  For other countries and societies, Samsung is used as a sample to observe how to prevent these economic empire that has become giants from turning their development power into the ability to defy society, break the strange circle of zero-sum game among all parties in the game, and put the historical process The wisdom of your own use may be the long-term value.

Intertwined timeline:

  On March 19, 2020, at the board of directors convened by Hyundai Motor Group, chief vice chairman Zheng Yixuan was elected chairman. 82-year-old Zheng Mengji officially resigned, ending his 21-year career as the second largest consortium in South Korea.

  Zheng Yixuan is the only son of Zheng Mengjiu.

  On February 19, 2020, the Seoul High Court in South Korea sentenced him to second instance and sentenced Li Mingbo to 17 years in prison with a fine of 13 billion won.

  On May 10, 2017, Wen Zaiyin was elected the 19th President of South Korea and was sworn in on that day.

  Wen Zaiyin joined Roh Moo-hyun's law firm in 1982, and since then the two have become close comrades fighting side by side.

  On March 10, 2017, the Constitutional Court of South Korea passed the impeachment case against Park Geun-hye, removing him from the presidency.

  On February 17, 2017, Li Zairong was arrested and accused of bribing 43 billion won from Park Geun-hye ’s close friend Cui Shun.

  The case will be reopened this year.

  On October 24, 2016, the leak of the speech of President Park Geun-hye's "Golden Honey Door" shocked the global media.

  On July 21, 2016, South Korean media exposed Li Jianxi's sex trade scandal.

  On May 10, 2014, Samsung Group President Li Jianxi was hospitalized in an emergency. Li Zairong gradually took the helm at Samsung.

  Li Zairong is Li Jianxi's only son.

  On December 20, 2012, Park Geun-hye was elected the 18th President of South Korea.

  Park Geun-hye is Park Zhengxi's only daughter.

  On May 23, 2009, Roh Moo-hyun left his suicide note and committed suicide.

  In December 2008, "Park Yuanci Corruption Gate" broke out, and South Korea's political scene was shaken, and Roh Moo-hyun was involved.

  On December 19, 2007, Li Mingbo was elected as the 17th President of South Korea.

  On February 5, 2007, the Korean court ruled that the chairman of the Hyundai Motor Group, Zheng Mengjiu, was found guilty of multiple crimes in the "gold donation scandal" and sentenced to three years in prison.

  On February 25, 2003, Roh Moo-hyun became the 16th President of South Korea.

  Author: Lishi Lei