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Chapter 441 For the Republic of Korea

Lee Kun-hee picked up the teapot and added some tea to his and Choi Jung-nam's cups. After putting down the teapot, he said leisurely: "As a senior in the business world, I don't know the truth that my lips and teeth are cold, on the contrary, I know very well. Maybe you think I'm hypocritical about saying this, but please believe it, this is indeed what I say in my heart."

"Since that's the case, then as the president of Samsung, why don't you take the initiative to give up some market for Pantai? Will this help Pantai be fulfilled? And it can also be praised by the Korean people." After hearing Lee Kun-hee's words, even if Choi Jung-nam was thick-skinned enough, he couldn't help asking sarcastically.

"Haha, Secretary-General Choi, this is not what it does, and this matter cannot be resolved like this." Lee Kun-hee was not angry at all and smiled faintly. Seeing Choi Jung-nam's eyes looking at him, he spoke: "The current market is no longer the closed market in the past, but a fully open international market. As for this, Secretary-General Choi, as the Secretary-General of the Korea Fair Trade Commission, should know better than me."

After drinking a tea cup, Lee Kun-hee said again: "For example, even if I ask Samsung to take the initiative to give up part of the market to Pantai, so what? You must know that the decision-making power of this market is not in my control, but in the hands of consumers. Your products are good, you like to buy, and of course you have a high share in the market. If your products are not as good as others, then even if your competitors sell some markets, you will not be able to grab it. Because you must know that this market has many competitors, and this competitor is not only two, but countless. The market that you take the initiative to give up will be occupied by others. Do you think Samsung will do such a stupid thing?"

"This..." For a moment, Choi Jung-nam didn't know how to answer. He was not a bureaucrat who didn't understand the market at all. As the secretary-general of the Korea Fair Trade Commission, he still had two tricks about the market economy. Although he felt that the other party was hypocritical, he had to admit that Lee Kun-hee's words were very reasonable. The market could not be given by giving in. With the current situation of Pantai, even if Samsung conceded, Pantai would not get any benefits.

"So, how can we bring Pantai back to life?" Thinking of this, Choi Zhengnan couldn't help asking.

Lee Kun-hee smiled on her face. This sentence was exactly what he had been waiting for. She said a lot of things just now, and the purpose was to make Choi Jung-nam ask this question on his own initiative.

Regarding Choi Jung-nam's inquiry, Lee Kun-hee began to talk about Pan-Thai's mistakes in decision-making and business strategy direction in recent years with the experience of successful people. Among them, there are not only administrative and decision-making issues, but also their shortcomings in the smartphone manufacturing industry. Lee Kun-hee is talking about orderly and proofs, which makes Choi Jung-nam's eyes brighter the more he listens. Finally, he suddenly realized and nodded repeatedly.

"No wonder everyone says that Mr. Li is the God of Management in Korea. I suddenly realized what you said today. It's a pity that Pantai people are not here. If these words can be heard..."

"Even if you tell Pantai, it's useless." Before Choi Jung-nam finished speaking, Lee Kun-hee shook her head and laughed.

"Why?"

"It's very simple. Time and environment are different from before. The business community emphasizes taking advantage of the opportunity. One step behind is lagging behind. Unless Pan-Thailand has government support, it will be inevitable that its end will be."

"Government support? Mr. Li is not saying that our Korea Fair Trade Commission is, right?" Choi Zhengnan immediately smiled bitterly and said, "How is this possible? The purpose of the Korea Fair Trade Commission is to say the four words of fair trade. Can I let your Samsung and L Pantai be completely abandoned from the market? Not to mention that this is impossible, even if I do this, maybe I, the Secretary-General, will do it."

"Hahaha, the Secretary-General speaks straightforwardly, it's true." Lee Kun-hee laughed a few times and then said: "In fact, in situations like Pantai, we Samsung and LGh are also facing difficulties. I wonder if Mr. Secretary-General has learned about the latest market share of the Korean smartphone market at present?"

"I knew before that, there was no such thing."

"Look at this." Lee Kun-hee took out the things that had been prepared long ago and placed a document in front of Choi Jung-nam. Choi Jung-nam picked it up and took a closer look. This was a latest data table, which indicated in detail the sales volume and market share of various Korean smartphone brands. Looking at the date and time below, it was actually yesterday's statistics day.

I don’t know if I don’t look at it, but I was shocked when I saw it. In this data table, in addition to Samsung, it also has 2. The market share of LG has dropped to 2. On the contrary, with Or Apple and Nokia, the three foreign functional mobile phone brands, their market share is close to 6%. If some other foreign brands, such as HTTCL, etc., foreign brands’ smartphone share has exceeded 6 in the Korean market, almost reaching two-point level.

"It's shocking." Seeing Choi Jung-nam's face changed a lot more, Lee Kun-hee sighed and shook her head.

"How could this happen? How could this happen?" Choi Jung-nam raised her head and said to Lee Kun-hee: "Half a year ago, did our own smartphones still account for two-thirds of the intensity? Why is it so upside down now?"

"The result of foreign capital penetration in my Republic of Korea." Lee Kun-hee said calmly: "This data is true, Secretary-General, you can verify it. In fact, for our Samsung Group, the market share is still the first in brand. But you know, I also said before that I don't want the national brands of my country to be ruthlessly suppressed by foreign products. Just like a company like Pantai, what an energetic and dynamic company was once a company. Unfortunately, in a completely open market, they are facing the brink of collapse. It's not that I'm exaggerating. Maybe Pantai will go bankrupt next year, and in a few years, it may be that L will be defeated by foreign brands one by one. Then, in the end, my Samsung..."

"Is this... possible?"

"Why is it impossible?" Lee Kun-hee suddenly shouted, and his voice was so loud that Choi Jung-nam was startled: "If as a Korean, even if I can't even protect the national enterprise of my country, then can I still call myself a Korean? Besides, we all understand the truth that my lips are dead and my teeth are cold. Do we have to see the irreversible situation before we suddenly realize it? Secretary-General, you are the Secretary-General of the Korea Fair Trade Commission. Shouldn't the Fair Trade Commission stand up for our national enterprise? For the future of my Republic of Korea and for the survival of my Republic of Korea, I am not the president of Samsung Group today, but as a businessman, a friend, I beg you."

After saying that, Lee Kun-hee stood up and left the table, walked aside and gave Choi Jung-nam a solemn gift with the traditional kneeling ceremony. Choi Jung-nam hurriedly stepped forward and helped Lee Kun-hee up, while comforting and nodding in agreement. He would investigate this immediately and give Lee Kun-hee a satisfactory reply to all patriotic Korean businessmen.

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