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 150 I have reservations about this project

On Monday morning, DS Construction was supposed to hold its regular meeting, but Xuan Yizhu came to DS Pharmaceuticals.

Because Park Jin Hyuk told him that he had found a project worth investing in.

Xuan Yizhu walked into the company building and Jin Junyu was already waiting for him in the lobby on the first floor.

"You're here?"

"Manager Park said he found an investment project? Do you know the details?"

"I just heard about it last night."

"Did he meet someone over the weekend?"

"He went to a party."

"What party?"

"He hasn't attended a reunion of his overseas classmates for a long time."

Xuan Yizhu couldn't help but frown.

Xuan Yizhu is quite familiar with Park Jin Hyuk's study abroad life and the friends he made.

After Park Jin Hyuk returned to China, he caused a lot of trouble, some of which were resolved by Hyun Yi Soo.

Therefore, when Xuan Yizhu heard that Park Jin Hyuk went to meet his old friends again, his mood naturally became very complicated.

"What kind of company is it?"

"I'm not sure, but he's about 25 or 26 years old."

"Isn't it possible that I was deceived?"

"Really? If you're lying to someone, I'd believe it..."

After saying this, Jin Junyu realized that he had spoken out of turn.

Xuan Yizhu glanced at Jin Junyu and said nothing because he felt the same way.

"Let's go and see for ourselves."

When Xuan Yizhu walked into the general manager's office, Luo Minhao had already arrived.

After sitting down next to Park Jin Hyuk, Hyun Yi Soo looked up at Luo Minhao opposite him.

As Jin Junyu said, this person is indeed very young.

"President Xuan is here, please start."

In order to prepare for today's project description, Luo Minhao practiced repeatedly over the weekend.

He first introduced the company's vision and philosophy, and then talked about the company's strategy and business plan.

Park Jin Hyuk and Hyun Yi Soo listened for about 10 minutes while looking through the information brought by Luo Minhao.

Then, Hyun Yi-soo interrupted Luo Min-ho.

"I have a general understanding of what kind of company Rising Sun System Integration is. Could you please tell us about your company's profit model? The IT industry is different from the manufacturing industry, and its profit model is quite unique."

Luo Minhao glanced at Xuan Yizhu.

Xuan Yizhu remained calm and continued to look through the information in his hand.

Luo Minhao began to explain the company's profit model.

As he listened, Xuan Yizhu frowned and began to write on the documents with a pen.

Perhaps Xuan Yizhu's reaction affected Luo Minhao's self-confidence, and his voice began to become smaller and smaller.

Park Jin Hyuk looked up at him.

"Don't be so nervous. If you want to get investment, this is not the way to go."

Luo Minhao's face turned red.

Park Jin Hyuk placed the documents on the table.

Then, Xuan Yizhu also put down his pen.

Park Jin Hyuk asked Hyun Yi Soo:

"President Xuan, what do you think of this project?"

"To be honest, I don't think it's profitable at all. System developers and programmers share the development results, right?"

“It’s not about sharing development results, but sharing the project management platform…”

"Mr. Luo Minhao, most people might not understand such complicated content. I suggest you explain it in a simpler way."

Seeing Luo Minhao refuting Xuan Yizhu, Park Jinhe interrupted him.

Xuan Yizhu thought Park Jin Hyuk agreed with his idea, so he continued:

"I roughly understand the concept, but are customers willing to pay for your products? I don't see it."

Luo Minhao didn't know how to answer such a sharp question for a moment.

“If you get the investment, how do you plan to use it?”

“For developing and attracting customers, recruiting customer service staff, and leasing office space, etc.”

"More people will use it because the platform is free... But if there's only investment and no returns, how will you repay investors? ... I have reservations about this project."

Xuan Yizhu obviously said the last sentence to Park Jin Hyuk.

Park Jin Hyuk said:

"It seems that you think this project is not worth investing in."

"I feel a little sorry to say this in front of Luo Minhao, but I really think so."

Park Jin Hyuk nodded and said to Luo Minhao, who looked disappointed:

"I believe this isn't the first time you've heard something like this, right?"

Luo Minhao smiled bitterly.

"Yes."

“I also feel that this project is not profitable.”

Park Jin Hyuk looked down at the project description, which said that this was a free-to-use platform, so his point of view was the same as Hyun Yi Soo's.

However, above the project description, there are clearly some incredible numbers displayed.

After looking at the same number, Park Jin Hyuk asked with a smile:

"How did you know me?"

"I heard about your investment in Novo Nordisk Pharmaceuticals. You invested in them after they were rejected by many investors. So I came up with the idea of coming to you."

"Do you think you can get investment by meeting me?"

"To be honest, I'm not entirely sure. But I know you have a different judgment on startup projects than ordinary people, so I want to give it a try."

"I've already expressed my opinion. What do you do? Are you planning to give up?"

“No, we have more than 100,000 users, and our next goal is 1 million… If you don’t invest, we will continue to find other ways.”

"Um."

Park Jin Hyuk turned to Hyun Yi Soo and said:

"After investing in Dongjing Industry, how much money do we have left?"

"Dongjing Industry needs about 900 billion yuan (about 4.8 billion RMB), so there is still 100 billion yuan (about 530 million RMB) left."

"Well, let's do this. I'll invest $50 million."

After hearing this, Luo Minhao and Xuan Yizhu were stunned.

Park Jin Hyuk continued:

"$10 million isn't enough, is it?"

"Yes……"

"Then let's do it all at once. I'll invest $50 million. Is that enough?"

Hearing that Park Jin Hyuk was not joking, Luo Minhao nodded excitedly.

But Xuan Yizhu said puzzledly:

"If it's $50 million, it's not a Series A investment, it's a Series B investment, and Series B investments are usually not made by one person."

"President Xuan, didn't I also invest this much when I invested in Novo Pharmaceuticals?"

"But this company's situation is different from that of Novo Nordisk. Novo Nordisk's new drug had already entered Phase III clinical trials...but what did this company have?"

Xuan Yizhu's words make sense, but it is such a company with nothing that has shown amazing value.

[20 trillion (about 105.8 billion RMB)]

This figure is twice that of the Laem Chabang Port project in Thailand.