In addition, companies such as Hyundai Motor and S0M, which were poorly educated by Korean Star Electronics, were also confused.
After beating him, why did he suddenly get punched twice by Iron Fist?
“As a member of the Jiuzhou Alliance, our company solemnly informs your company that after the current order ends, the supply of raw materials for the next quarter’s orders will be temporarily stopped due to insufficient factory capacity and process improvements.
According to the new contract signed last year, due to this reason, our company will compensate you for 200% of the deposit. Since your company chose a low deposit contract when signing a new contract with our company, our company will pay the compensation within seven working days after the supply is actually delayed in the next quarter. "
The head of Hyundai Group is called Zheng Xuanyi. Of course, it belongs to the traditional Korean inheritance from father to son. He has been personally leading the layout of Hyundai Motor in the fields of electrification and autonomous driving. In the past few years, his life was pretty good, but these years have changed. With the strong rise of Daxia's car companies, Hyundai Group's automobile business and heavy industry business are getting worse quarter by quarter.
But a skinny camel is bigger than a horse. Even if the business has declined in recent years, the total number is still very impressive.
For example, in the fourth quarter of 2021, Hyundai Motor sold a total of 960,600 vehicles, down 15.7% from the same period in 2020. Retail sales in the Daxia market also fell by 23.3% year-on-year, a far cry from the target of 560,000 vehicles set at the beginning of the year. Even in the fourth quarter, sales were only 87,000 vehicles, a year-on-year decline of 42.9%.
Now, let alone selling Hyundai Motor, the raw material problem after the next quarter has become a big problem.
A good woman cannot make a meal without rice. After Zheng Xuanyi learned the news, he immediately put down his dignity and took the initiative to contact these Daxia suppliers, adding money, signing long-term contracts, saying all he could to say good things, and even hinting that Hyundai Group would have big returns, he was also attracted by these 'sudden sheep' Crazy Daxia suppliers refused.
"I'm sorry, President Zheng. It's not that our company is deliberately making things difficult for your company, but the technical upgrade in the factory requires us to spare some time."
This is relatively tactful, but some are blunt: "A cooperative company has already decided on all our future material production capacity, and your company has a lower priority than that company, so I'm sorry."
Who wants to hear someone say "sorry" to themselves these days?
As the head of Hyundai Group, Zheng Xuanyi didn't know the implication of these people, that is, the boss of Jiuzhou Technology was angry, and their younger brothers had to listen to the boss's words.
Hyundai Group can only be regarded as an innocent victim, and the real core contradiction lies with Hanxing Electronics.
"Li Zairong really offended Jiuzhou Technology to death, allowing that guy Gu Qing to target us like this."
While thinking about it, Hyundai Group still couldn't keep up its tough words.
Goryeo is an island country with so few resources that it is impossible to develop heavy industry. Therefore, once the raw materials in Daxia are cut off, the production tasks of Hyundai Group are forced to stagnate.
While wrangling with former Daxia suppliers, Korean companies such as Hyundai Group are also looking for new suppliers in the global market.
For example, Guo Jia, who sells resources such as Mao Xiong and India↓, has many options to choose from. Although the materials they supply need more precise processing, they are at least "usable".
The disadvantage is that transportation costs and material smelting and processing costs have soared, and this has been reflected in the market that the prices of Hyundai Group's automobiles and heavy industry equipment have begun to be forced to rise.
Koryo cars, which originally had the advantage of cost-effectiveness, saw their market share begin to decrease visibly after the price increase.
And s0m company was beaten so hard by the hammer this time.
Goryeo s0m Entertainment Co., Ltd. is a large-scale artist planning and management company in Goryeo, founded by Lee Soo Man, a former singer. The abbreviation of its name was banned by the Daxia Internet literary community, but the translation means "Star Museum, Hall of Fame."
Perhaps because the company is as its name suggests, many star artists of this large artist planning and management company have indeed suffered from the abbreviation of its name.
In recent years, Hallyu has been having a hard time in Daxia. Kyushu Technology has taken the lead, and Daxia Entertainment has shown its loyalty even more.
All announcements related to Goryeo celebrities in Daxia, and those that can be cut, have been cut. If you really can't cut it, just put it in the corner to collect dust.
Movies, TV series, endorsements, any cooperation that can be terminated will be terminated. What cannot be terminated is either starting to use technology, changing faces, changing people, or reducing the number of scenes and appearances.
No one in Daxia's entertainment industry dares to turn a deaf ear to Jiuzhou Technology's words.
Special effects equipment and data processing are inseparable from Kyushu Technology's Rocky x1 processor. Many special effects companies even use the "cheap and top-notch" Titan processor.
There is also the influence of Lingjing Ecology in the Daxia entertainment industry, the massive number of creators and entertainment cooperation IPs owned by Jiuzhou Entertainment Platform around the world, and the most important official attitude.
No matter the Yenching circle or the Hong Kong and Liuzhou circles, they all regard the once-hot Korean stars as hot potatoes, and you toss them around.
In addition, there are those families and companies with senior leaders who have been cut off from the supply of Taoyao and can still buy them at high prices from the black market. However, the threat of having their quota of bionic mechanical prostheses cut off is simply taking away their second clause. Life.
Even if there is a small amount of liquidated damages for cutting off supplies, canceling contracts, and terminating business contracts, the losses suffered by Korean companies that rely heavily on exports and the entertainment industry cannot be compensated by such a drop in the bucket.
What's more, after the Kyushu Alliance's announcement, the stock and commercial bond valuations of all Korean companies on the list began to plummet.
The first one to bear the brunt of this is Han Xing Electronics. The latest data shows that the company's stock price plummeted 7.38% in just one week.
As of August 7, Hansung Electronics' market value fell to approximately US$300 billion, accounting for 18.21% of the total market value of the Korea Composite Stock Price Index.
This is the first time since the rise of Daxia Semiconductor that Korean stars have fallen below the US$300 billion mark.
The most important thing is that although it has dropped by more than 100 billion US dollars in the past two years, Hanxing Electronics' share of the total market value of the Korea Composite Stock Price Index has not changed much.
This shows that the overall financial and economic strength of Goryeo is beginning to shrink to a degree visible to the naked eye.
After Korea's Korean star, the stocks of chaebol companies such as Hyundai Group also shrank to varying degrees, and the stocks of Korea's three major entertainment companies, s0m, y0g, and j0yp, plummeted directly.
It’s strange to say that the plummeting stocks of Hansung Electronics and Hyundai Group were not on the hot searches in Korea, but the plummeting market values of the three most powerful entertainment companies in Korea were on the hot searches on Korea’s social platforms. It was not just a simple discussion, but It directly dominated the hot search list for several days.
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