Lee Jae-yong's 'Harman Acquisition' Chung Eui-sun's 'Robot' Conglomerate Inheritance 'Stock Price Manipulation'

Lee Jae-yong's 'Harman Acquisition' Chung Eui-sun's 'Robot' Conglomerate Inheritance 'Stock Price Manipulation'

Foreign investors in Samsung Electronics sold 150 million shares of stock when the 'strategy to resume prosperity by reducing accumulated inventory since the third quarter of last year' ended in this third quarter, and domestic securities companies and media outlets sold off 120,000 shares and the price plummeted to 50,000 won.
Foreign investors sold Samsung Electronics stocks every day from September 3 to October 8, the day of the third quarter performance announcement, disposing of 154.4 million shares (10 trillion won worth), which is 2.6% of the total issued shares, and Korean institutional investors who took advantage of this sold off 68 million shares by the 8th.

The foreigners' selling offensive against Samsung Electronics, which has ended its profit structure from the government's preferential treatment for conglomerates and monopoly management supported by inheritance, seems to be largely due to the abnormal 'creating a boom in DRAM operating profits through reductions' and the investment of 9 trillion won in audio company Harman Ins by third-generation conglomerate Chairman Lee Jae-yong.
Samsung Electronics has already reduced up to 30% of its overseas workforce in some business divisions since September, and its operating profit in China has plummeted to 2.6 trillion won, a fifth of the previous year, due to the worsening performance of its mobile phone and network businesses in the third quarter.
On the 6th, Reuters reported 'Samsung Electronics' third-quarter performance deteriorated', but Korean media and securities firms continued to be optimistic, predicting 'operating profit of over 10 trillion won' ahead of the performance announcement on the 8th.

Samsung's third generation under Lee Jae-yong acquired the American car audio company Harman for $8 billion (9 trillion won) in 2016, and on May 12, 2020, Taiwan's TSMC announced at a board meeting that it would build a "state-of-the-art foundry plant" in Arizona, USA and start production at a "5-nanometer (㎚) process plant in 2023," effectively marking the beginning of Samsung's downfall.
Under the Moon Jae-in administration, the collusion between the second generation of conglomerates and the new government was strategized as "financial investment in asset transfer" under the pretext of "seizing future profits with next-generation batteries," and Lee Jae-yong and Chung Eui-sun's "fund transfer to the United States" was carried out as a "stock price manipulation" work.
Lee Jae-yong's acquisition of Harman was a personal preference, and the JoongAng Ilbo reported that "If the all-solid-state battery under development by Samsung Electronics is a future technology that cannot be mass-produced immediately, cooperation in the automotive electronic equipment field is possible immediately."

Samsung Electronics is targeting the automotive electronics sector as its next-generation growth engine by acquiring Harman, the world's largest automotive electronics company, in 2017. > On May 10, 2020, it was reported as a strategic project of the Moon Jae-in administration.
Harman, an audio company acquired for 9 trillion won 15 years ago, remains an audio company after 15 years.
Hyundai Motor Group Chairman Chung Eui-sun established a private company by acquiring and expanding the American robotics company Boston Dynamics in June 2021 through personal investment and investment by Hyundai Motor's US subsidiary.
In December 2020, the equity structure was acquired by investing 1.057 trillion won from Hyundai Motor Group's 80%, and the stake ratio was 30% for Hyundai Motor, 20% for parts company Hyundai Mobis, and 10% for Hyundai Glovis, with Chairman Chung Eui-sun personally investing hundreds of billions of won to secure a 20% stake, forming a personal control structure.

The U.S. National Highway Traffic Safety Administration (NHTSA) began investigating the risk of electric vehicle fires on 138,324 vehicles equipped with LG Energy Solution batteries on April 5, 2020.
The NHTSA investigation is the result of a series of vehicle recalls by five automakers, including GM, Mercedes-Benz, Hyundai, Stallantis, and Volkswagen, due to fire risks caused by defects in LG batteries since 2020.
In the global electric vehicle market, future batteries are dominated by long-time European ‘battery pack’, ‘coating’, and ‘distribution board’ specialists, and Chairman Chung’s Hyundai Motor Company focused on acquiring and investing in a private robotics company rather than developing parts for its entry into the U.S. electric vehicle market.

LG Ensol, which took advantage of the U.S. electric vehicle subsidy system, focused on stock price increase management with a strategy of ‘subsidy priority creative accounting plus operating profit’, and the brakes were applied one after another in the construction of a joint battery plant with an American automaker.

Hyundai Motor Company is expected to start offering $3 billion in its initial public offering (IPO) in India on the 14th, and it appears that Hyundai Motor Company will continue to hold 670 million shares (82.5% stake) of Hyundai Motor India after the IPO, which is expected to be an unstable market structure with a ‘17.5% disclosure’.
Reuters reported on the 8th, citing sources, that Hyundai Motor India’s IPO is likely to be in the range of 1,865-1,960 rupees (22-23 dollars) per share.
See <High-yield electric vehicle ‘battery pack’, ‘coating’, ‘distribution board’, Hyundai Motor Company LG Ensol ‘ignores’, January 15, 2023> <Collusion between conglomerates to preempt support for Green New Deal for future car batteries, May 11, 2020>