Chapter 850 – Korea
Overseas tour.
Going in person gives meaning in itself.
If you get to the position you are now.
A fanfare rings out.
♪♬♪∼♪∼♬♪♬∼♬♪∼♩♪∼♩♬♪∼
Walking on the red carpet.
You can be treated like a state guest.
“Welcome to Thailand! Representative Lee Chan-wook’s visit will be welcomed by tens of millions of Thai citizens…”
Thailand.
And some emerging countries.
A connection was created through the livestock incident.
‘That.’
If you don’t use it, it’s a shame.
It is a very important part for them as well.
“I didn’t come here to give a speech today.”
“Ah, I said something without notice…”
“It’s okay.”
Investment.
It’s about money.
The reason why politicians do politics.
‘That’s what happens in the world.’
Even if he pretends to be a saint on the outside, he always reveals it behind his back.
There is something I want.
Give it to me.
You will receive it instead.
A firm position in Thailand.
“These are the business owners I told you about. They are big fans of the food market franchise…”
Entering business.
For me, it’s a shame.
Emerging markets have high risk.
It takes a lot of effort to manage each one individually and do localization.
The cost-effectiveness is very poor.
‘So.’
The business rights are entrusted to indigenous companies that are taking root in the local area.
“Thank you very much.”
“It’s an honor to meet you!”
“I will never disappoint you, CEO!”
It also happens in Korea.
Foreign companies such as Starbucks, McDonald’s, and Daiso.
‘We are setting up a joint venture with Korean companies.’
I leave the operation to you.
Instead, the structure is to receive dividends based on royalties and shares.
Although the return is small, the risk is also small.
It is a method suitable for emerging markets.
“For more detailed business stories…”
“Our employees are capable. I believe they did a good job.”
“There’s no need for it!”
Above all, it is politically significant.
Although the story has already ended at the practical stage.
‘It’s symbolic.’
Food Market enters Thailand.
Lee Chan-wook is with Thailand.
It is seen that way.
“I am proud that our food market can contribute to the development of Thailand and the happiness of its citizens.”
Indigenous companies.
It is connected to Thai politics.
They look after your back, so to speak.
If the business goes well, donations will increase.
The position of the political world is also strengthened.
Match! Match! Mate!
Clap! Clap clap clap!
Such a virtuous cycle(?).
By working together, we are guaranteed a solid position in Thailand.
‘It’s called corruption.’
If someone else does it, it’s bad, but if I do it, there’s nothing more reassuring than this.
It may be necessary.
Developing countries have high political risks.
If you don’t do it to this level, you will feel anxious.
“Thank you so much for coming to our country despite your busy schedule.”
“I already had a schedule here.”
“It may be rude, but…”
Octopus expression expansion.
If you make a mistake, you can end up with neither oatmeal nor rice.
We need to establish ourselves in a country with high potential.
In that sense.
“Do you have any plans in Vietnam? Vietnam… Is an unbelievable country.”
There is nothing better than splitting.
I don’t know much about Thailand.
‘My relationship with Vietnam is very bad.’
Bad relations with neighboring countries.
It could even be said to be a global phenomenon.
Like Korea and Japan.
Thailand and Vietnam also had several historical events.
“Personally, I don’t like communist countries because they are not democratic at all.”
“”Oh!!””
“As expected, you are the representative of Guardian of Justice Lee Chan-wook!”
Foreigners criticizing Japan?
The fighting spirit of the nation, dormant in its DNA, burns.
It is also a very calculated choice.
Choose a country that would be a better market.
“If the business enters the stabilization stage, we will also consider agricultural support. We will wait for the day when democracy blooms in Thailand.”
Vietnam.
Strangely enough, the image is good.
Especially for Korean people.
‘Because our country created the miracle of the Han River.’
Wouldn’t it be the same in Vietnam?
It is spreading unfounded optimism.
It is not an easy task.
There is a reason that Korea is the only country that has made the leap to becoming an advanced country.
“Are you finished with your trip to Thailand?”
“Okay, fly the plane.”
“I will prepare right away.”
Rapid growth rate.
It is made because companies in advanced countries do OEM work.
‘In the process.’
We need to absorb technology and create our own brand.
It is a process through which a country grows.
What if I can’t do it?
As overseas factories looking for cheap labor left.
Wow~
Falling into the trap of being a middle-income country.
This is the reality not only in Vietnam but in most of Southeast Asia.
‘It’s the same here in Thailand.’
These countries are just doing nothing.
So, they are fighting with each other.
Future.
Of course not.
The expression ‘livestock’ is never excessive.
〈 I’ll take off. Representative. Please understand that there may be some shaking for a while.〉
The better one is Thailand.
There is a possibility that democracy will take root.
‘Before that.’
A private plane takes off.
It doesn’t take long for a person to become as small as an ant.
I look down at the country I was in just moments ago.
No, the artery of Southeast Asia.
“Can I use the phone?”
〈 If you’ve reached this point, it’s okay. However, before landing…〉
“It doesn’t take that long.”
〈Ah, yes! 〉
Mekong River.
It is a river that crosses Thailand, Laos, Cambodia, and Vietnam.
It is no exaggeration to say that Southeast Asia survives thanks to this river.
It is also known in Korea.
‘Southeast Asia farms three times a year.’
Many people can make a living.
In addition, it plays an important role in trade, etc.
“Oh, it’s me. It’s me. I’m a fraud. I’m currently in Southeast Asia on a business trip.”
There is a huge disadvantage.
It was not a disadvantage in the past, but now it has become a disadvantage.
─Current status of Southeast Asia being ruined by China ㄷㄷ
[Mekong River reduced in half in size. Jpg]
Most Southeast Asians
The Mekong River, the home of life, is drying up.
Fishermen can’t catch fish
Farmers also face a shortage of agricultural water
But this isn’t because of global warming or anything haha
Chinese people built 11 dams upstream of the Mekong River
And we plan to build 8 more
└(… Frog cone)
└What you idiots did in Korea was noble haha
└The karma stack is so fucking stacked
└This is why Tibet must become independent. China’s main water source is there
The country located above is China.
They are doing something stupid upriver.
‘The lower part just dries up and dies.’
It’s not just a metaphor, it’s a literal thing.
People cannot live.
Trade through rivers is not possible.
Agricultural and marine products are also difficult to obtain.
Hundreds of millions of people starve to death.
Vietnam, located furthest downstream, is hit more severely.
At least within 10 years.
“You didn’t buy Vietnamese stocks, right?”
〈 Could you have bought it? 〉
“Then that’s it.”
The country itself will tilt.
Of course, this is not a situation that only occurs in Southeast Asia.
It happens all over the world.
Putting other countries in danger for one’s own interests.
“Developing countries are basically risky assets, so there is no need to buy things from countries without a future.”
Those countries.
Excluded from investment.
Even if the price is cheap, there is no reason to buy it.
You should not buy anything even at the supermarket.
It’s not for nothing that they say cheap is expensive.
〈Is it that bad? VinFast was listed on Nasdaq this time. 〉
“Who’s driving this shitty car, you idiot?”
〈It’s been a while since you spoke that way〉
What if it’s so expensive?
There is no reason to buy.
No, you can also choose other options.
‘Beanfast. Come to think of it, there was a brand like that too.’
Stock market.
It is legal to harass those who do not understand the topic.
It even earns you money.
* * *
Vinfast.
A car brand that is the pride of Vietnamese people has been listed on the U.S. Stock market.
Full-fledged export activities will continue.
Selling their cars in the United States.
“Oh! Do they make tea in Vietnam too? How much does it cost?”
Americans are also interested.
Why?
This is because cars from emerging countries are usually cheap.
There are some that are cost-effective.
It’s okay for rough rolling, though.
“It’s $60,000.”
“”?””
“Isn’t it $6,000?”
“It’s a bit pricey because it’s made with top quality parts.”
Price.
Too expensive.
It may be surprising to American consumers.
‘With that money, I would buy a BMW or a Mercedes-Benz.’
‘Are you crazy enough to buy a Vietnamese car?’
‘You don’t understand the topic.’
We do not have our own technology.
We purchase car bodies and parts from BMW and assemble them.
Since it is all purchased and used, the factory price is expensive.
It is difficult to be price competitive.
“Umm…, I think it’s a little expensive.”
“Is there anything cheaper?”
“Then, there is a newly released electric car.”
“Electric cars are great too!”
Last resort.
I’m turning my attention to electric vehicles.
This is because the technical difficulty is relatively low.
The price can also be lowered.
Although it was launched ambitiously in the hope that it would be popular with American consumers.
“It’s $30,000.”
“”…””
“It’s a bit pricey, but we don’t make cheap cars like future cars.”
It is relative.
Still expensive.
There is no sense in spending tens of thousands of dollars on a car whose performance has not been verified.
‘With that money, I would add a little bit more and buy a Model 3.’
‘Future cars are cheap. ‘I can’t even follow my toes.’
‘That’s completely crazy.’
There is no choice but to be ignored by consumers.
It was natural that sales were sluggish.
Korean Newspaper− “VinFast recalls all 999 electric vehicles first exported to the U.S.”
Fact News− 「VinFast, the more cars it sells, the more it loses… “Selling price falls far short of cost”
As a result.
We are faced with the miserable reality of not being able to even sell, let alone compare.
‘Why do we buy future cars but keep our own?’
It is difficult for Vietnamese people to understand.
I had no doubt that it would beat Korea’s future car.
Market evaluation.
Numbers visible to the eye.
It was about never lying.
—————————–±
『VinFast Auto Ltd』
12.89＄ ▼55.88＄ (－81.25%)
[Graph crashed just one month after listing. Jpg]
±——————————————–
Take the red pill.
