Becoming a Russian Oligarch After Rebirth
Chapter 1478 - 1139: Do It Reluctantly

Chapter 1478: Chapter 1139: Do It Reluctantly

After Li Zairong’s accident, the Li family plunged into chaos.

The patriarch had already been critically ill and was undergoing emergency treatment in the hospital. Now with his son in a car accident and sent to the ICU, it was uncertain whether he could be saved, and suddenly the family lacked a central pillar of strength.

At this critical juncture, Li Fuzhen stepped up. She rushed to the hospital immediately and instructed her assistant to bring in the nation’s top specialists at all costs to save her brother!

Samsung Group’s business scope is extremely wide, including hospitals. They essentially own the best hospitals in South Korea, naturally equipped with the finest medical resources and experts.

After the rescue and consultation by the team of experts, they brought both good and bad news to the Li family, who were anxiously waiting in the hospital.

The good news was that Li Zairong’s life was out of danger, and his condition had stabilized.

The bad news was that he had sustained severe head trauma. Even if he was saved, he might end up with brain damage...

The relatives of the Li family were dumbstruck on the spot. They had already acknowledged that Li Zairong was soon to take over the reins from the patriarch and take control of Samsung Group.

But now, before he could take over, was he to become a vegetable?!

What about Samsung Group?

Should they do like those foreign companies and bring in so-called professional managers?

This was an empire that the Li family had painstakingly built over generations; how could they bear to let outsiders manage it!

It was truly an unfortunate turn for the Li family. There were three legitimate children in this generation, and Li Zairong was being groomed as the successor. He had been performing well, and the elders in the family recognized him as such. But now that he was in the ICU, it was clear that he would no longer be able to manage the company.

Next in line was Li Fuzhen. She also had a younger sister, but let’s not talk about her, as she had already passed away a few years ago...

So, after reviewing the options, it seemed there was no choice left but for Li Fuzhen to take over!

At the beginning, Li Fuzhen was somewhat reluctant to accept, but eventually, unable to decline any further and considering the family’s interests, she reluctantly accepted the position of acting chairperson, ready to shoulder the heavy responsibilities.

She also earnestly told everyone that if her brother could recover and become healthy again, she would willingly return the position to him. She did not have a strong desire to be the chairperson—that position came with immense pressure and could age a person fast...

Although there were some murmurs of dissent from the board of directors, there was no strong opposition because the Li family, although not holding many shares in Samsung Group, still had significant influence. Furthermore, there had been an agreement with the shareholders that the helm of Samsung Group must be led by a direct descendant of the Li family and would never allow outsiders to take over Samsung!

Therefore, Li Fuzhen’s rise to power encountered little resistance.

Over the following period, the Li family and Samsung Group gradually settled down from the initial panic; after all, what had happened could not be undone.

Li Fuzhen was naturally endorsed by the board of directors as the acting chairperson, and after some time, she was expected to officially take over as chairperson!

Also, the Li family had been investigating the car accident involving Li Zairong.

The truck driver insisted that he had been tired and lost focus. Then Li Zairong’s car suddenly shot out from a corner, the blazing headlights dazzling him. In panic, he meant to hit the brakes but stepped on the accelerator instead, and losing control of the steering wheel, the tragedy ensued...

Such matters, you can’t verify whether the other party’s account is true. The Li family had not made deep-seated enemies over the years, so few people considered the idea of "revenge" or "conspiracy." It was mostly considered that Li Zairong was just unlucky.

Just when he was about to take full control, he met with such a disaster, and instead, it was his younger sister, Li Fuzhen, who benefited greatly!

After taking over as acting chairperson, Li Fuzhen quickly demonstrated her business acumen.

She indicated in a board meeting that the world’s economy was warming up. The next decade would be a golden era for global economic development, and the consumer electronics market size was set to expand rapidly!

Samsung Group already possessed strong accumulated strength and brand recognition in this field, but it also faced challenges from many old rivals and emerging brands, such as Nokia, Motorola, HTC, and the rising Apple!

To emerge victorious in the fierce market competition ahead, Samsung Group must continue to increase investment, establish production bases worldwide, expand output, and seize as much of the market as possible...

In short, it was necessary to invest abroad. The domestic market was simply too small to accommodate the ambitions and scale of Samsung, which aimed to become an international conglomerate, investing and producing locally in all significant global markets!

The plan sounded promising, but it required substantial financial support, or else it was just talk.

The board’s shareholders felt her plan was a bit too aggressive and worried it would strain the Group’s finances. They suggested that Li Fuzhen personally resolve the funding issue.

In reality, this was also a "test" for Li Fuzhen, to see what she was made of through this small challenge. After all, leading a behemoth like Samsung Group required genuine skills.