Exposing the South Korean chaebol scandal: father and son "share" the same actress, and brothers turn against each other for money
This is a big event that shocked the Korean entertainment industry.
South Korean actress Jang Zi-yeon committed suicide, leaving behind a 5,000-page suicide note.
Zhang Ziyan has been debuting for many years, but she is forced to provide services for South Korean executives, brokers, and chaebols. Her suicide note tore off the fig leaf of the Korean entertainment industry.
In the 31 real-name directory she exposed, there is a father and son who are listed, they are Singh Hao and Xin Dongbin. At that time, Singh Hao was 80 years old, and his son Xin Dongbin was 50 years old.
In front of outsiders, they always have a kind and kind face of an entrepreneur, but in fact, they do dirty deeds behind their backs.
The reason why the Singh Hao father and son are so rampant is that Singh Hao started a business empire with disdainful means when he was young.
Although after the "sharing door" broke out, the Korean people collectively boycotted their company, but in daily life, the Korean people are still invisibly paying them money. What they eat, the means of transportation they use, and so on, are all products of Singhho's company.
So how did Singh-ho start from scratch and leap to become The Top Chaebol in South Korea? After his career was successful, what other things did he do that hurt nature and reason? Today we will talk about the ugly life of "South Korea's underground president" Singh-ho.
Singhhot's "History of Making a Fortune"
In 1921, Singh Hao appeared in an ordinary family. There are many brothers and sisters in the family, and in order to reduce the burden on the family, they came out to work very early. The education is not high, and there is no professional craftsmanship, so it is the lowest level of work.
Later, he married a woman named Lu Shun.
Over time, he found that this was not the life he wanted, so he began to study on his own, broaden his horizons, and eventually was admitted to the waseda University Business School in Japan.
In Japan, the rejection of outsiders by the locals and the unfamiliar environment make it difficult for him.
But fortunately for Singhho, when he graduated from college, his hard work attitude was appreciated by a boss who lent him 50,000 yen to start a business.
In this way, with the help of nobles, Singh Hao used this money to open a small oil processing factory and earned the first pot of gold in his life.
Unfortunately, the good times did not last long, the outbreak of World War II, and his processing plant also became cannon fodder in the war, which instantly made him heavily indebted.
However, he was not discouraged, and in the chaotic world, he still found a business opportunity.
He found that the U.S. troops stationed in Japan liked to eat a type of gum and occasionally threw it to some begging children, who also liked to eat it.
As a result, Singer Hao began to invest in the production of chewing gum.
He painstakingly found a way to make chewing gum, then hired a pharmacist, bought a machine for cutting noodles, and began the production of the gum assembly line.
After the product was produced, Singh hao vigorously promoted it in the form of advertising and marketing, which swept Japan and established his position in the chewing gum industry.
The reason why Singhhao's entrepreneurial road is so smooth is inseparable from a woman, that is, his second wife, Shigemitsu Hatsuko.
His second wife, Shigemitsu Hatsuko
Singhhot's "Love History"
When the two first met, Singh Hao was not yet divorced, and at that time, his wife was still taking care of the elderly and daughter in his hometown.
The prominence of the Shigemitsu Hatsuko family and the father of a former Japanese prime minister are undoubtedly ideal objects for Singhoyo.
Therefore, while divorcing and abandoning his wife as quickly as possible, he spared no effort to pursue the first son of Shigemitsu, and finally became a rich son-in-law in a rich way.
With his wife's family connections, Singhho is very popular in the Japanese business circle, so many people are curious about his wife.
Her uncle was Aoi Shigemitsu, who was convicted of class A war criminals during World War II.
When Japan surrendered, it was the surrender agreement he signed on behalf of Japan on a U.S. warship.
He was later sentenced to seven years, but the skinny camel was bigger than Ma, and his family was still very powerful in Japan after he came out.
It is reasonable to say that as a Korean, Singh-ho should be deeply resentful of the enemy war criminals, but he violated his conscience in order to get ahead.
History has promoted the development of the times, the war is over, and the diplomatic relations between South Korea and Japan are gradually normalized. Singhho also saw the business opportunities in his homeland, and at this time, his industry in Japan was booming, and he had a lot of money in his hands, so he decided to invest in South Korea.
Founding of South Korean chaebol "Lotte"
In 1967, he founded Lotte Fruit Making Company in Korea, still making chewing gum.
Without the support of forces, the development of enterprises in South Korea is far less than that of Japan. Although the business did not have much scale in a few years, Singh Hao used money to build a network of contacts in South Korea.
Later, Rakuten gum was listed as a bad food in South Korea, and the chewing gum business was not good, but this incident also gave Singe-ho an opportunity.
At that time, in order to maintain the overall stability of society, South Korea decided to join forces with South Korean chaebols to build an economic empire, and Shin Ge-ho used his connections to meet President Park Chung-hee.
The two had a long talk at the Blue House, but no one knew the specific content of the conversation.
Since then, the Lotte Group has grown rapidly.
Rakuten started from the food industry and quickly expanded to retail, distribution, tourism, chemical and other industries, with 79 subsidiaries and almost doubling its assets.
Singhho's capital is piling up, and he is waiting for the opportunity while completing his commercial accumulation.
In 1997, the Asian financial crisis hit, South Korea's food, logistics, leisure industry suffered a devastating impact, but Singhho saw this as an opportunity, not only added 20 million US dollars of investment, but also introduced 500 million US dollars of foreign capital to enter, under his superb financial means, Lotte became the largest food company in South Korea.
After that, Singh-ho's contacts with the top of the political circles became more frequent, and Lotte Group also smoothed down commercial roads such as hotel auctions, land purchases, and buildings, becoming the top five chaebol groups in South Korea.
The development trajectory of Lotte Group determines the special equity relationship and also dooms the intricacies of the division of interests within the group.
Singh-ho and Shigemitsu had two sons, the eldest son, Xin Dongjue, and the second son, Xin Dongbin.
According to Korean tradition, the eldest son is the most important, and the family business is passed on to the eldest son, and Singe-ho also believes so.
So he left the Japanese property to Shin Dong-joo and brought his second son, Shin Dong-bin, to Korea.
When Xin Dongbin first arrived in South Korea, The Korean industry was not yet there, everything started from scratch, and the Japanese industry was already in the sky.
Xin Dongbin
The management styles of Xin Dongbin and Xin Dongzhuo are completely different.
Xin Dong lord is more traditional, using family power to manage the company, and the power is concentrated. Xin Dongbin rejects family management and recruits talents, and the executives of Korean companies are professional managers.
Over time, Xin Dongbin has shown super commercial ability. South Korea's industry has developed rapidly, from a parent company to 79 subsidiaries in different industries in 20 years.
In 2013, Rakuten's sales in South Korea reached $74.7 billion, while Japan's Rakuten's sales were only $5.13 billion, and South Korea's industrial development far exceeded that of Japan.
Such a large gap inevitably makes Xin Dongzhu feel unbalanced, and at the same time, in order to consolidate his position, he began to take the initiative to attack, and repeatedly secretly used means to increase the shares of South Korea Lotte, trying to control South Korea Lotte, just at this time, he ushered in a great opportunity.
Zhang Ziyan's suicide case was exposed
In 2009, the suicide of actress Zhang Ziyan, the suicide note she left behind, made the shameless behavior of South Korean chaebols Shin Gehao and Shin Dongbin public, and caused public indignation in the world.
However, Singh Hao's power was too great, and under his operation, the Zhang Ziyan incident was forcibly suppressed.
At this time, Singh Hao's two sons openly confronted each other in order to compete for Lotte's assets.
Because he had just experienced a scandal, Singh Hao changed his previous attitude and openly supported the eldest son Xin Dong lord, resulting in the defeat of the second son Xin Dongbin, and the Xin family began to split.
At this time, Singhho's wife, Shigemitsu Hatsuko, stood up, she preferred the clever second son, so she mobilized all the strength of the family to support Xin Dongbin, and in the end, Xin Dongbin became the ultimate victor of the Lotte family and won the entire Lotte Group.
Although the internal power struggle of the Lotte Group has passed, the crisis has also followed.
Lotte's development in South Korea has reached its peak, so Xin Dongbin has set his sights on the markets of various countries in the world, and the Chinese market is one of the development goals.
But Lotte made a bad decision.
They transferred a golf course in South Korea to the United States for deployment of the THAAD anti-missile system, a threat to Chinese security that China has long opposed.
Therefore, the Chinese people began to spontaneously boycott all of Lotte's goods, and Lotte's sales performance plummeted and its operation was dismal.
In one month, Rakuten's supermarkets in China closed down at once, and even if the headquarters spent 2.1 billion yuan to save it, it was useless, and then it could only plan to sell the supermarkets in China.
In October 2018, Rakuten officially announced its withdrawal from the Chinese market. Losing the Chinese market, Lotte's ranking of world enterprises has also declined, encountering the biggest "cold winter" in history.
However, the crisis is more than that.
Park Geun-hye, then president of South Korea, was impeached for "girlfriend gate", and the political turmoil greatly affected the Lotte Group, and the family even faced imprisonment.
As we all know, South Korea's chaebols cannot withstand investigations, and the relationship between chaebols and high-level officials is intricate, and once shaken, it will have an incalculable and significant impact on the entire society, and the same is true for lotte Group.
The procuratorate's investigation of Park Geun-hye's assets involved lotte group.
First, it was discovered that Rakuten Group executives had donated 7 billion won to the foundation of Park Geun-hye's girlfriend Choi Soon-sil, then Lotte was granted the right to operate a duty-free shop in downtown Seoul, and then there was the alleged bribery of the executive who committed suicide before being investigated.
After a series of investigations, Singh Hao, Xin Dong-lord and Xin Dong-bin were charged with embezzlement, embezzlement, and tax evasion.
Of course, they all denied it, and Singhho shouted in Japanese in court:
"Rakuten is a company I created, I have 100% stake! Who dares to sue me? Who dares to judge me? ”
Dramatically, a grand investigative trial ended abruptly. Singhho was sentenced to three years, executed outside of prison for medical reasons; Xin Dongbin was sentenced to two and a half years, suspended for four years; Lord Simdon was acquitted.
Unexpectedly, the only Xin family members who were really locked up were the eldest daughter Xin Yingzi, the daughter of Xin Gehao and his first wife, an eldest daughter who was not at the core of the family's infighting.
On the afternoon of January 19, 2020, The founder of Lotte Group, Shin Ge-ho, died in Seoul at the age of 99.
At this point, it marks the end of the first generation of entrepreneurs who led Korea's financial circles.
epilogue
Looking back on Singhhao's life, vigorous but quite controversial, he galloped all his life in the mall, turned his hands into clouds and rain, and established his own business empire, but the affection was weak, abandoning the wife of the chaff and favoring the eldest son led to brother discord.
At the end of life, there are also scandals and family disputes.
The once-glorious family business is now falling apart, the actress's blood and tears, brotherly infighting, wife-family confrontation, father-son demolition, some of the bridge sections that appear in Korean dramas are vividly interpreted in the Lotte family.
Those who play with power will also be in the game of power even to death!
Creation is not easy, trouble point a point to pay attention to thank you!