“The goal is to destroy Samsung, the traitor”… The world’s largest manufacturing agency that fell into disgust [뉴스人사이드]

Guo Timing, Founder of Foxconn

[아시아경제 권재희 기자]”My goal in life is to destroy the traitor Samsung Electronics”

This is the founder Guo Timing, the founder of Foxconn, the world’s largest manufacturer of outsourcing Apple iPhones.

In addition to this, Guo Timing also poured out remarks such as “buy an iPhone, not a Galaxy”, “Unlike Koreans, Japanese don’t hit the back of the head”, “We will join hands with Japanese companies and defeat Samsung Electronics within 5 years.” did.

How did Foxconn, which produces about 40% of the world’s home appliances such as Apple’s iPhone and Amazon Kindle, come into hostile relations with Korean companies?

In fact, he was beaten by Samsung Electronics. In 2010, Samsung Electronics accused Foxconn’s LCD production subsidiaries Chimei and LG Display of six companies, including the EU, for price fixing. For this reason, Foxconn had to pay a fine of 300 million euros. However, Samsung Electronics was fully exempted from the penalty due to voluntary reporting.

After this incident, Guo Timing continued to remark about Samsung Electronics in public.

Guo Timing was born in Taipei, Taiwan in 1950. His father from Shaanxi Province in China and his mother from Shandong Province moved to Taiwan in 1949 to escape the Communist Party.

From childhood, Guo Timing learned a sense of business by producing tires at a rubber factory. He started a business at the age of 24 with 400,000 Taiwan dollars, including the 100,000 Taiwan dollars his mother gave him in 1974. The first business he chose was plastics manufacturing.

Having entered the world of business in earnest, Guo Timing met three opportunities and was able to grow into the world’s largest manufacturing agency today.

The first opportunity he found was an order from Atari, an American game console manufacturer, in 1980. Atari decided to produce through an overseas manufacturing agent for a stable supply of video games during the booming period of video games in the 1980s, which was seized by the timing and seized the opportunity.

With this opportunity, Guo Timing decided to escape from Taiwan and grow into a global company. In fact, Guo Timing went to the United States with his bare hands and ran around to find a new business partner, but there were many cases of being suspicious of industrial spies or being knocked out. Nevertheless, he did not give up.

After that, he had a second chance, and he entered mainland China in 1988. At the time, China was starting to embrace capitalism, and unlike Taiwanese companies that were reluctant to invest in mainland China, Guo Timing threw a win-win. And his prediction was correct. He built China’s largest production plant in Shenzhen, Guangdong Province, China in 1988, and the Chinese government was able to grow with full support.

Foxconn, which has been on the road to growing like that, finally meets Apple and bursts out literally. Apple originally entrusted LG Electronics to consignment production, but even Steve Jobs, who is keen on products, recognized Foxconn and started entrusting its products to Foxconn. Before Foxconn made a relationship with Apple, one or two American electronics companies such as Dell Computers in the United States entrusted Foxconn to consignment production and received recognition in the production and quality system. After meeting Apple, Foxconn will become the world’s largest consignment manufacturer, producing about 40% of the world’s electronic products.

It is a popular opinion that Foxconn’s negative comments about Korean companies are not just emotional comments from the past. This is because Samsung Electronics is a strong competitor to Foxconn, whose goal is to become a comprehensive electronics company with an independent brand from a consignment manufacturer. It is in this context that Foxconn acquired Sharp from Japan. In addition, it has made an investment worth 30 trillion won to acquire Toshiba’s semiconductor business, Toshiba Memory, and is not hiding its ambition to advance into the semiconductor industry held by Korea. Eventually, the deal was defeated, but Foxconn’s unstoppable move is still ongoing.

Reporter Kwon Jae-hee [email protected]