Becoming a Russian Oligarch After Rebirth
Chapter 1264 - 1032: Samsung Delegation

Chapter 1264: Chapter 1032: Samsung Delegation

"May I ask what Chairman Li Zairong is doing in Moscow? Is it possible that Samsung has some major project landing here? However, I don’t seem to have heard about it,"

Wang Ye pondered for a moment before asking.

Park Chang Sung hurriedly replied with respect, "The Chairman’s main purpose for this visit is to meet with you and discuss the potential for some investment projects to take root in Russia."

Samsung has had a branch in Russia for quite some time now, but its business is not extensive. Other than selling some Samsung electronic products, such as mobile phones, TVs, laptops, MP3 players, and digital cameras, there are no substantial projects; all products are imported.

At this point, Samsung had grown immensely large, with a well-known brand name, and was doing quite well in almost everything it undertook...

It seems from Park Chang Sung’s words that Samsung is planning to increase its investment in Russia. The purpose of Li Zairong’s visit to Wang Ye was naturally to take advantage of high-level connections to apply for preferential policies for the company’s major projects.

This was normal, as Russia’s economy had been developing rapidly in recent years, and given its substantial population, that also represented a sizeable market.

If Samsung wants to further develop here, then local investment and factory construction would be necessary.

And at that time, Russia was indeed very suitable for investment.

Rapid economic development, a large number of highly skilled people, low industrial land prices, favorable investment policies...

These were the primary considerations for foreign businesses when investing.

Perhaps Samsung would not be the first major foreign investor to come here, but it would definitely not be the last!

Moreover, if Samsung’s investment progresses smoothly, many foreign enterprises still on the sidelines may swarm in, which, in a sense, makes Samsung’s investment quite significant.

Wang Ye would give it some importance and help facilitate Samsung’s investment as much as possible.

So he said readily, "I very much welcome Chairman Li Zairong’s visit, and at that time, I will lead colleagues from the Economic Affairs Committee along with personnel from the government’s commerce department to meet with him. Of course, if necessary, we could also invite related departments from the Kremlin and the city of Moscow to participate."

Park Chang Sung was overjoyed and bowed deeply to express his thanks, saying he would certainly convey Chairman Mikhail’s intentions to Chairman Li and so on...

Frankly speaking, Li Zairong’s decision to meet with Wang Ye on this trip was a wise one, knowing who to "pay respects to" when developing in Russia!

Leaving other aspects aside and just talking about business, the person with real authority and influence was, without a doubt, Wang Ye!

With Wang Ye’s approval and nod, Samsung’s subsequent investment would definitely proceed smoothly without obstacles.

But if the investment did not have Wang Ye’s permission, even if others consented, it might not be effective...

......

After Park Chang Sung left, Wang Ye picked up the phone to summon Nova, instructing her to gather all information about Samsung Group and the significant figures in the Li family for him to review.

Although in his previous life, Wang Ye wasn’t particularly interested in Samsung Group or the Li family, he certainly recognized the company’s strength.

After all, there were sayings like "South Korea is small, but Samsung is huge," and "Born in South Korea, one cannot avoid three things: taxes, death, and Samsung," which fully demonstrated Samsung Group’s strength and power.

Some people who do not know Samsung well might think it only deals with mobile phones and electronics, but in reality, the company is "capable of everything"!

In South Korea, Samsung Group’s operations encompass every aspect of life, from small screws to big automobiles and buildings; there was no business Samsung didn’t have a hand in.

With 23,000 employees in 68 countries worldwide, an annual turnover exceeding 200 billion US dollars, and accounting for 21% of South Korea’s total GDP, Samsung can certainly be considered a match for nations!

Of course, Samsung Group reaching this size meant that its equity structure was exceedingly complex. It was no longer simply the Li family’s Samsung, or rather, it wasn’t just the Li family’s Samsung anymore.

A considerable portion of the shares was controlled by Euro-American Capital, and most of the profits Samsung made each year were distributed to foreign shareholders, with only a small portion staying within South Korea.

Yet at least on the surface, Samsung Group’s control still lay in the hands of the Li family, with core executives being direct descendants of the family.

Such a chaebol company would be warmly welcomed when investing in most countries.

However, in front of Wang Ye, the Li family did not carry much weight; after all, whether in terms of power or status, Li Zairong did not compare to Wang Ye.

Neglecting power and status, which were not even on the same dimension, even if wealth alone was considered, Wang Ye’s personal fortune could easily dwarf the entire Li family...

Hence, Li Zairong was so modest, arranging an appointment in advance, hoping to be granted an audience with Wang Ye.

......

Once Nova had compiled the information on Samsung and the Li family and brought it over, Wang Ye seriously reviewed it, forming a clear understanding of current Samsung and the Li family.

In 2006, Samsung was already a globally renowned conglomerate with a frighteningly broad range of business activities, even touching on cutting-edge technology with wafer factories, which indicated great ambition.