I Become a Chaebol in Korea: Unique Insight

After experiencing a tragic car accident, Liu Zhengjie, whose ancestors were from China and who was now an ordinary Korean worker, woke up to find himself the eldest son of the powerful Korean chae...

Chapter 140 I still need external support

After the successful development of Datongling, many large pharmaceutical companies began to eye North Pharmaceuticals.

Today it was Germany's Bayer that came, tomorrow it might be America's Johnson & Johnson, and the day after tomorrow it would be Novo Nordisk.

The company will be unable to focus on pharmaceutical research and development as it is busy dealing with various acquisitions, whether friendly or hostile, every day.

Park Jin Hyuk said to the three founders of North Pharmaceuticals:

"If we work together, we can learn from each other's strengths and overcome our weaknesses. We have shortcomings in R&D, and by collaborating with us, North Pharmaceuticals will gain a good platform. If you were acquired by another major international pharmaceutical company, you would be just a research institute. But by collaborating with us, and working together, we may be able to create a new international pharmaceutical company."

In the end, the three founders of North agreed to accept DS Pharmaceuticals' acquisition proposal.

North Pharmaceuticals really needs to find a larger platform to rely on, and their first choice can only be DS Pharmaceuticals.

Before meeting Park Jin Hyuk, they heard that Dazhong Bank had agreed to transfer its shares to DS Pharmaceuticals.

Park Jin Hyuk only needs to reach an agreement with two or three more shareholders, and North Pharmaceuticals will not be able to escape the fate of being acquired by DS Pharmaceuticals.

"Tell President Mao that the merger and acquisition process can be initiated."

Now, it is early morning in Seoul.

Mao Dayong received a call from Jin Junyu while he was sleeping.

At this point, Park Jin Hyuk's trip to Austria came to a successful conclusion.

*** *** ***

After returning to Seoul, Park Jin Hyuk did not rest for a moment and plunged into his busy work.

The acquisition of North Pharmaceuticals is progressing smoothly.

On this day, Hyun Yi-soo came to Park Jin-hyuk's office.

As soon as he entered the door, he asked bluntly:

"Manager Park, I heard that you transferred your shares in North Pharmaceuticals to DS Pharmaceuticals?"

"Please take a seat first. I'll talk to you slowly."

"I've heard from Secretary Jin that you're doing this to improve DS Pharmaceuticals' R&D capabilities?"

"That's right, this is my main purpose... By the way, how are things going at Dongjing Industry?"

"The situation hasn't changed much, and the funding issue remains unresolved..."

Park Jin Hyuk smoked a cigarette and said:

"Through this equity transfer, we recovered $800 million in funds. I plan to use this money to help Dongjing Industry."

After hearing what Park Jin Hyuk said, Xuan Yizhu shook his head repeatedly.

"I advise you not to do that. Although Dongjing Industry has encountered great difficulties, it should be able to overcome them on its own, so there is no need for this."

"I know that."

"You have to keep that money. You'll need to use it to pay inheritance tax when you inherit the chairman's shares."

Park Jin Hyuk flicked the ashes from his cigarette into the ashtray.

He lowered his head and thought about it. In fact, he didn't dare to say that his decision was 100% correct.

But at the same time, he also knew that it was not easy to sit on the chairman's throne, and it was unlikely to be possible to just sit and wait.

"My father will not pass his throne to me unconditionally."

"What do you mean by that?"

"Some of the things I've done recently are not what my father would want."

Xuan Yizhu also knew that Park Zhenhe had not followed his father's wishes on several matters in a row.

But they are father and son after all. Even if there are conflicts, they will eventually reach a settlement for the development of DS Group.

"Although you didn't follow the president's wishes regarding the sale of BioLogics and the marriage with Qingyu, I believe he will understand."

"If things continue like this, no one can predict what the outcome will be."

Xuan Yizhu thought, why don't you just consider the overall situation and follow your father's wishes?

However, that was exactly not what Park Jin Hyuk wanted to choose.

"In the end, I'm afraid there will still be a contest between the president and me."

“Will it really come to that?”

"I don't want that to happen, but it's not impossible."

Park Jin Hyuk continued:

"The only companies I can trust right now are DS Construction and DS Pharmaceuticals, which you manage. However, both of these companies are subsidiaries under the control of DS headquarters, so we still need to seek external support."

"So, you want to help Dongjing Industry?"

"Yes, in times of crisis, I will lend it a hand and cultivate it into my external support."