Palace fight scandal, kill each other! Love and hatred of the three star family: one generation’s foundation, two generation’s struggle for power, three generations?
Death, tax and Samsung are three things that Korean people can’t avoid in their life. Their food, clothing, housing, birth, death and death are all related to SamSung group. Samsung’s total output value accounts for more than 20% of South Korea’s GDP, so we can imagine the fear of being dominated by Samsung.
It’s the Li Bingzhe family, the top family in Asia, who controls the wealth empire of Samsung. The story of the Samsung family is more wonderful than any Korean drama. It’s a commercial love story that integrates the oppositions of father and son, brothers and sisters, martial arts, love suicide and 10 billion divorce.
The rivalry among the three-star leaders of several generations is comparable to that of a palace Drama: father and son, brother and brother, suicide, revenge, everything!
At the age of 15, Li Bingzhe was arranged by his family for marriage and gave birth to eight children, which foreshadowed the later dispute over family property.
The prince’s rebellion
The first battle of the Samsung family took place in the 1960s when Li Bingzhe chose a successor from among his three sons.
At first, Li Bingzhe was going to let the three brothers share the family property equally, but he didn’t know what happened. The old man suddenly changed his mind and decided that the family property should be inherited by his eldest son, Li Mengxi.
The second son is called Li Changxi. He is lazy and ignorant. He was not liked by his father since he was a child.
Li Jianxi, the third son, was left to his grandparents as soon as he was born. He was not the focus of his parents’ training, but he was familiar with the skill of “crying children have milk to drink”. He called home every day to ask for help. He also devoted himself to studying his father’s favorite sport of golf and left a sensible baby image for him.
At first, Li Bingzhe focused on the cultivation of his eldest son, but during the half year when he took over the company, he made a mess of the company. The shareholders of Samsung can ignore Li Bingzhe’s love for his son, and jointly write to Li Bingzhe, who is semi retired, to abolish his crown prince, Li Mengxi. After a period of struggle, Li Bingzhe finally takes back all the management rights of his eldest son.
The move angered his eldest son, Li Mengxi. The eldest son went home to collect his father’s black history of tax evasion and tax evasion. He directly reported his real name to qinghuatai and wanted to send his father to prison. The old man was furious and drove his eldest son out of the house.
But there’s still a confession to be made in qinghuatai. Li Bingzhe was convicted by the government at that time for his son’s accusation, so Li Changxi, the second son who wanted to make contributions, stood up and spent half a year in prison for his father. He thought his calculation was smart: he just left prison after half a year and inherited his family business.
Unexpectedly, when Li Changxi was released from prison, he found that his third brother, Li Jianxi, had become the number one heir and sat next to his father, Li. Completely silly eyes of the second son even follow big brother to report father Li Bingzhe. Finally, he was sent to a mental hospital by his father and died in 1991.
In the whole incident, Li Jianxi, the youngest son, kept a low profile and kept silent. After the death of Li Bingzhe in 1987, Li Jianxi directly inherited the core subsidiaries of SamSung group (including Samsung Electronics and Samsung products), and finally won the final victory of the inheritance war.
After inheriting his father’s industry, fan Er, the hegemonic president of Li Jianxi, began to show slowly. He not only had the ability of the president, but also developed Samsung into a large enterprise that now controls the Korean economy.
The heirs in real life
After more than ten years of operation, Li Jianxi is getting worse and worse. Since the 1990s, he began to look for his successor.
If the previous generation of the Samsung family is a big fight, then the next generation will have the taste of idol drama, because the rich three generations of the Li family have a high face value and are mixed with many dog blood love stories.
Li’s wife, Hong Luoxi, is the daughter of Hong Lianji, the former president of South Korea’s central daily, a typical business marriage.
After his marriage, Hong Luoxi became Li Jianxi’s wife’s help. They gave birth to one son and three daughters. Their youngest daughter, Li Yinxin, died in 2005. As a result, three people competed for the family fortune: the eldest son, Li jarong, the eldest daughter, Li Fuchen and the second daughter, Li Xuxian.
In order to avoid the recurrence of the story of kengda decades ago, Li Jianxi had to order his children to take charge of different group businesses: the eldest son in charge of Electronics & Finance, the second daughter in charge of Hotel & chemical industry, and the third daughter in charge of Clothing & advertising.
At first glance, it seems fair that everyone is different, but it is clear that Li Jianxi still favors his son more. The electronics and finance for his son are the core industries of Samsung.
Li Jianxi has always regarded his eldest son Li Zai Rong as his successor. Li Jianxi spent more than ten years training him. After graduating from Harvard Business School, Li entered Samsung. He married Lin Shiling, the eldest daughter of elephant group, in 1998, and had one son and one daughter. In 2009, the two divorced, Lin Shiling shared billions of property, and later socialized with South Korean pop star Li Zhengzai.
Li Fuchen, the eldest daughter, is now nearly 50 years old, and Yan is still online. She opened the first luxury store in South Korea and became the fashion pioneer of South Korean women. She inherited the Xinluo Hotel, which is equivalent to the Diaoyutai hotel of smecta, and was employed as a director by CITIC Group.
In 1995, at the age of 24, she fell in love. The man was a real poor boy, the most common employee of Samsung. The rich family are against that. In January this year, two people who had been married for 17 years divorced.
Li Fuchen won the divorce lawsuit, but was questioned by the public opinion and confused by love. Finally, he met with people. Later, he was sure to run Samsung badly, and his prestige within the group declined.
Li Xuxian, the second daughter of Li Jianxi, is a well-organized girl. She married Jin zhenlie, the second son of Jin binglate, former president of East Asia daily.
In terms of career, she is the same as Changjie, starting from the basic level of Samsung, and in a few years, she has built the first wool weaving of Samsung into a fashion giant in South Korea. In 2013, Li Jianxi gave his Aibao paradise clothing business to her second daughter, whose largest shareholder was Li Jae Rong, and her second daughter was unable to compete with her brother.
Samsung announced that it would no longer pass it on to its children, and the plutocrats would inherit and change?
At the beginning of June this year, Lee Jae Rong, vice president of Samsung Electronics of South Korea, applied to convene an investigation and review committee to examine whether it is appropriate for the prosecution to prosecute him on suspicion of illegally inheriting the right to operate.
On the evening of June 26, the investigation and deliberation committee finally made a decision to recommend that the prosecution terminate the relevant investigation and not initiate public prosecution.
On the day of the meeting, Samsung and the prosecution took turns to make statements and answer questions. The meeting lasted for more than nine hours. Of the 13 valid votes, only three voted for the prosecution of Li Jae Rong.
Just before that, Lee Jae Rong, vice president of Samsung Electronics in South Korea and the actual controller of the group, publicly apologized to all the people and said that he had “no idea of inheriting the company’s management rights to his children”. This means that Samsung abandons the “hereditary system” and the chaebol system of South Korea may welcome change.
The reason for Li’s public apology can be traced back to the trusted political affair of former South Korean President Park Geun hye in 2016. At that time, Li became the actual leader of Samsung after his father, Li Jianxi, was ill and hospitalized. In order to ensure his controlling right, Li Rongli pushed for the merger of Samsung products and Samsung first wool textile. In order to win the support of South Korean national pension, one of Samsung’s major shareholders, Lee was sentenced to two and a half years in prison with a four-year reprieve on suspicion of bribing Park Geun hye and her cronies. Later, the case was appealed to the Supreme Court of South Korea and sent back to Seoul high court for retrial. At present, the case is still in the process of trial.
This time, Li Zairong, a Samsung Group, decided to set a precedent, which may be somewhat out of frustration.
First of all, he has been involved in lawsuits and has the chance to be put in prison again. Second, Samsung, facing the Japanese Korean trade war last year and the cold winter of the semiconductor market, is facing the impact of the new coronavirus century epidemic this year, which also speeds up the reform of this leading large enterprise.
At the end of April, Samsung Electronics released its financial report for the first quarter of 2020, with total revenue of 55.33 trillion won (about 2789 trillion yuan), an increase of 5.61% year-on-year (compared with the first quarter of last year), but a decrease of 7.6% compared with the last quarter (the fourth quarter of last year).
The report points out that the uncertainty brought by the new coronavirus epidemic will continue into the second half of the year, and the second quarter performance is expected to decline.
On the other hand, the progressive president Wen had indicated before the moon Jae in the absence of reform of chaebol and big enterprises, which would not bring real growth to the country.
However, the chaebol problem in South Korea is still deeply rooted, and the major family consortiums still firmly control the enterprise.
Take Samsung Group for example. Although Li promised not to pass on his children, his sister Li Fuchen would also be an ideal successor.
Besides, Li is only in his early 50’s, and has no retirement plan. If he retires, it will be 20 years later. What about the world situation and the situation in South Korea at that time? I don’t know. In other words, in the foreseeable future, it may still be the Li family who controls Samsung.