Korean Enterprises Fled In The Middle Of The Night: The Evening Of Labor Intensive Enterprises

206 Korean companies fled behind in the middle of the night: in the evening of labor-intensive enterprises, these bosses' financial strength is generally not high, most of them are labor-intensive industries such as handicraft processing, leather processing, electronic processing and so on. The main source of profits is low processing fees and low risk resistance capability.

Hong Kong enterprises, Taiwan enterprises, Korean enterprises, the Chinese economy is temporarily volatile enterprises, "fled in the middle of the night" or "turning point" hovering?

Will the Pearl River Delta become a "pioneer" or a "martyr" on the issue of industrial upgrading?

Starting from today's special report, this edition analyzes the constraints and challenges of the industrial upgrading of the Pearl River Delta from the perspective of investigating the typical industrial pfer areas in China.

Just last year, 87 South Korean companies left Shandong without liquidation. The official name was "abnormal withdrawal", and the media called it "escape in the middle of the night".

In fact, in the past 5 years, "escape in the middle of the night" has been staged, there were 21 in 2003, 25 in 2004, 30 in 2005, and 43 in 2006, showing a steady growth trend, but only a sudden rise to 87 in 2007, let the relevant people be surprised, and even the South Korean government sent an investigation team to China to investigate.

How did midnight escape?

What kind of economic reality does this reflect?

What signals are released?

How to deal with "escape in the middle of the night"?

With these questions, our reporter recently launched an investigation in Shandong, Qingdao, the most densely populated by Korean enterprises.

In March 15th, our reporter came to the Chengyang District in the north of Qingdao. Chengyang is the most concentrated area of Korean enterprises. More than half of the 4000 Korean enterprises in Qingdao are located in Chengyang district and adjacent Licang area.

The village branch is still in a state of fear. The reporter found the site of "Gao Bo luggage and bags Co., Ltd." at 204 National Road, Chengyang. The company's nameplate has been shedding out. Only by careful identification can we see the name of the company.

This is a Korea Companies founded in 1992. It employs more than 320 workers at peak hours. Last year around the 15th day of the eighth month of the Chinese lunar calendar, the boss rolled out the money.

The workshop of Gao Bo is rented and the owner of property is Xiao Bei Qu village in Chengyang district.

The reporter contacted the Secretary of the Party branch of the village under the name of the rental factory, and the Secretary first asked what to do with the rental plant. If the labor intensive enterprises such as bags and bags were produced, the rent would not be rented.

A few months passed, and Secretary Ji had not yet come out of the shadow of Gao Bo's escape.

It is reported that "Gao Bo" started leasing the workshop of Xiao Bei Qu two years ago, using an area of 13 thousand square meters, an annual rent of about 1000000 yuan, and signed a 10 year contract, but only two years later, it ran away in the middle of the night.

After "Gao Bo" escaped, the wages of hundreds of employees had not yet been sent, but in desperation, Xiao Bei Qu village paid a about 1000000 yuan severance payment.

With such painful lessons, Ji secretary was more cautious when he looked for tenants. He basically excluded labor-intensive enterprises, even if they were cheaper, he also wanted to rent large scale and reputable innovative enterprises.

South Korean executives "collective escape" "Gao Bo" is just a relatively small group of Korean enterprises fleeing. The real sensational effect is the world's rigid fiber located in Yantai. In January 12th this year, more than 10 South Korean executives staged a "midnight escape", creating the largest number of workers in the middle of the night.

At the beginning of 2001, it entered China. It is a comprehensive fiber company. Its business covers sewing, printing and dyeing and fiber processing. In Yantai, there are 3 production plants and 3000 employees.

Until last December, Shi Gang paid wages to workers, and production was still in progress.

Later, due to operational difficulties, the world began to make internal adjustments.

According to reports, in January 11th, there were creditors who rushed into the world to make loans. More than 10 South Korean managers believed that personal safety was threatened and fled from Yantai on the 12 th.

According to the Korean outsourcing enterprises of the world textile corporation, the world's fiber enterprises are in arrears with the local outsourcing enterprises RMB 30 million yuan, and still owe the bank 15 million yuan loan.

In March 12th, during the interview with our reporter in Qingdao, Jiang Hengzhi consul of the Korean Consulate General in Qingdao once again rushed from Qingdao to Yantai to deal with the aftermath of the world's fiber.

During the 5 years, 206 Korean companies fled the figures provided by the Consulate General of Korea to Qingdao. The incident of "unauthorized withdrawal" of Korean enterprises in Shandong began in 2003, and no escaping before 2003.

There were 21 escapes that year, and then began to increase year by year. There were 25 in 2004, 30 in 2005, and 43 in 2006, but in 2007 it rose to 87, up 1 times over the same period.

The analysis shows that Korean enterprises with "unauthorized retreat" are mostly labor-intensive enterprises with low wages. Among them, the largest number of jewelry manufacturers are 63, while the rest are 33 garment factories, 28 leather factories, 14 suitcase factories and 13 shoe factories.

According to the data provided by the Shandong provincial foreign trade and Economic Cooperation Department, 206 Korean enterprises that fled in 2003 involved 26 thousand employees, 160 million yuan in arrears of wages, nearly 700 million yuan in arrears of bank loans, and three Korean enterprises in Yantai last year, arrears of wages for workers 3 million 700 thousand yuan, and debts of 30 million yuan.

Why do so many Korean companies choose to "escape" instead of going through the normal closed bankruptcy procedures?

According to reporters, there are two main reasons: first, they think that China's liquidation laws are complex and slow procedures; two, some enterprises want to avoid bank loans and labor wages.

High density "escape in the middle of the night" has attracted great attention from South Korea. The Ministry of industry and resources of Korea sent an investigation team to Qingdao, Shanghai and Guangzhou from January 28th to February 1st to conduct a field investigation on the run away of Korean enterprises overnight.

Labor intensive enterprises "dusk" Korean enterprises are very important to Qingdao's economy. The continuous "midnight flight" phenomenon has attracted many people's attention in Qingdao.

Professor Dai Guilin, vice president of School of economics, Ocean University of China, told reporters that Korean capital "fled", first of all depends on what enterprises are fleeing.

According to his understanding, most of the thousands of Korean enterprises invested in Shandong Peninsula are small and medium enterprises (stock quotes). "Many bosses are outbreaks who come out of the Korean countryside."

These bosses' financial strength is generally not high. Most of them are labor-intensive industries such as handicraft processing, leather processing, electronic processing and so on. The main source of profits is low processing fees and low risk resistance capability.

The above view has also been recognized by Liang Zhangxi, curator of the Qingdao branch of the Korea trade Museum. Another name of the pavilion is the Korean investment enterprise support center, which is a supporting agency for Korean enterprises to invest overseas.

Liang Zhangxi pferred from Shanghai to Qingdao half a year ago.

He said that most of the Korean enterprises in Shanghai are corporate headquarters. Even the productive enterprises are generally relatively large in scale and strong in risk resistance. In this round of macroeconomic changes, there has been no "escape" phenomenon.

In contrast, the business scale of Shandong peninsula is relatively small, and it can not afford to make small mistakes.

The change in land and labor costs has been an incentive. So what changes have taken place in the macroeconomic level over a period of time?

Yuan Weiqing is a native Qingdao girl who works in a Korean enterprise in Chengyang district.

The company mainly produces disposable large woven bags, which are used for cement, sand and other materials. All the raw materials come from Korea, and all products are sold back to Korea.

The reason why this company chose to produce in China mainly depends on the cheap labor force. They employ more than 100 workers, and each person has a monthly salary of more than 1000 yuan, and the working hours are very long. There is basically no rest day. Even a manager like Yuan Weiqing has only half a day's rest time a week.

Yuan Weiqing said that last year, a major external cause of Korean enterprises' flight was the rapid rise in wage costs.

Starting from this year, the minimum monthly wage standard for workers in the 7 districts of Qingdao has been adjusted from 610 yuan to 760 yuan, and the minimum monthly wage for workers in Jimo, Jiaozhou, Jiaonan, Pingdu and Laixi far away from the urban area has been adjusted from 540 yuan to 620 yuan.

Another factor is the increase in the cost of land use.

Liang Zhangxi, curator of the Qingdao branch of the South Korean trade Museum, took part in the investigation by the Korean government in Qingdao. He said that since last year, the land concessions enjoyed by Korean enterprises had been abolished, and the cost of land use and tax deduction and exemption had to be repaid by the enterprises. This part of the cost increased by about 1 times.

Other factors, such as appreciation of the renminbi and tightening of environmental censorship, are also part of macroeconomic changes.

The upgrading of industries is an inevitable choice. Jiang Hengzhi, Consul General of the Korean Consulate General in Qingdao, looks at the smooth operation of most Korean enterprises.

The phenomenon of abnormal withdrawal of Korean enterprises is only a small part, concentrated on handicraft, leather and other labor-intensive industries, and the scale of enterprises is relatively small.

Jiang Hengzhi said that compared with 206 years of "escape" in 5 years, 8233 new Korean enterprises settled in Shandong at the same time.

Jiang Hengzhi stressed that the investment of Korean enterprises in Shandong will continue to increase in the future. The investment scale will be dominated by large and medium-sized enterprises. In the investment area, they will gradually turn their attention to the inland areas in the Midwest of Shandong, and gradually expand to the advanced manufacturing industry, modern service industry and high new technology industry in the investment field.

In fact, the investment of Korean enterprises in Shandong has been changing gradually. More and more Korean large enterprises are involved in capital intensive and high-tech industries such as electronic information, petrochemical industry, auto parts, shipbuilding, modern service industry and so on.

For example, the Qingdao Development Zone's Li Dong chemical industry, Weihai's Samsung heavy industry, Yantai's Daewoo shipbuilding, Rizhao's car engine and other projects.

In Jiang Hengzhi's view, the introduction of these capital intensive and high-tech industries will enhance the ability of Korean enterprises to resist risks. With the acceleration of this process, the phenomenon of "escape" will gradually decrease.

150 thousand there are 200 Korean restaurants in the Shandong district where the Koreans live permanently. Qingdao and South Korea look across the sea, separated by a strip of water. Because of this special geographical location, the Shandong Peninsula represented by Qingdao, Yantai and Weihai has become an investment paradise for Korean enterprises in the past 20 years since 1989.

On a plane in Qingdao, reporters saw all kinds of signboards written in three languages, Chinese, Japanese and Korean. In the Chengyang and Licang areas concentrated by Korean enterprises, there were Korean restaurants, shops or shops selling Korean products everywhere. There were only more than 200 Korean restaurants in one area of Chengyang.

Even shops that are not related to Korea usually have Korean nameplates.

There are also special Korean residential communities in Qingdao. The Tiantai Olympic Garden located at the junction of Licang district and Chengyang district is one of them. The district was completed and commissioned last year. Tiantai Olympic garden is divided into two parts: Chinatown and Han Guocheng.

It is reported that Chengyang, the four sides of the two districts of the Korean city is also stepping up preparations.

Without exaggeration