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 248 The time is ripe

Park Jun-wan was already dissatisfied with Park Jin-hyuk's recent actions, and the South American project was not going well. Now Park Jin-hyuk dared to challenge his authority in public.

He suddenly became furious.

"Get out! You don't have to sit here anymore."

Park Junwan slammed the documents in his hand onto the table.

Park Jin Hyuk said as calmly as possible:

"Before you leave, please allow me to finish my opinion. For the sake of the entire group, we should abandon the Brazilian project as soon as possible..."

Park Junwan shouted:

"What did you say?"

"It's not too late to give up now."

"Get out! You shouldn't have been allowed to attend this meeting."

“If you’ve already made a decision and you’re just trying to get the conclusion you want through a meeting, is that still a meeting?”

It was already late at night and the participants were already exhausted.

"DS Heavy Industries has already provided a loan guarantee for its Brazilian subsidiary. Vice President Xin, I'm afraid one isn't enough."

Under everyone's gaze, Park Jin Hyuk stood up.

Shen Guoquan nodded subconsciously.

Park Jin Hyuk continued to say to Park Jun Wan:

"You see, this is a bottomless pit. It's still unknown when the project can be restarted. The Brazilian government may agree to extend the project's duration, but will it compensate us for our losses? Therefore, this project should be abandoned as soon as possible."

"Get out of here!"

"Well, I am unequivocally opposed to the continuation of this project."

Secretary Huang came over.

"Master, please stop talking and go out first."

Secretary Huang grabbed Park Jin Hyuk's arm, dragged him out of the meeting room, and walked him to the main entrance of the building.

Park Jin Hyuk turned around and said to Secretary Huang:

"Please persuade the president again. This project must be stopped."

"Master, can't you just listen to the president for once?"

"This is a matter of principle. I'm afraid you're the only one who can persuade him now."

“Is the problem so serious?”

"If this project is not terminated, it will jeopardize the stability of the group."

Park Jin Hyuk's tone was so serious that Secretary Huang lowered his head and began to think.

"The epidemic in South America has just begun and it won't be over in a month or two."

Secretary Huang raised his head.

"Do you have any information?"

Park Jin Hyuk stretched out his hand and Kim Jun Woo handed him a cigarette, which he lit and took a puff.

"Yes, that's why I told you this... Well, I've said everything I need to say. I'm leaving now."

After saying that, Park Jin Hyuk turned around and got into the car waiting behind him.

Secretary Huang stood there for a long time, watching the car disappear into the night.

In the car, Jin Junyu said to Park Jin Hyuk:

"Chairman, are you planning to make public the information we have been keeping secret?"

"Even if I say it so seriously, the old man won't listen. No matter who tries to persuade him, it's useless."

Park Junwan stubbornly refused to change his decision.

He called the executives together to discuss the matter, simply to guide them to the conclusion he wanted.

It seems to be the result of everyone's discussion, but in fact it is just a rational cover for his decision.

Once problems arise in the project, he can then say that this was not his decision alone, but the opinion of the majority.

"Then why did you ask Secretary Huang to persuade the president?"

"If the Brazilian project fails, it might be good for me personally, but not for the entire DS Group. I've done my best to voice my opinions, even if it means getting kicked out."

In fact, there is another meaning that Park Jin Hyuk did not say, that is, through his performance just now, he has completely drawn a line between himself and the Brazilian project.

"Were you driven out?"

"I figured this out a long time ago. This is perfect. Otherwise, I don't know how long it would have lasted. Now that I've figured this out, I'm sure the meeting will reach a conclusion soon."

"So what's our next step?"

Jin Junyu asked.

"The president will continue to focus on the South American project. We can now share our vaccine research and development, which has been difficult to disclose publicly. This will also relieve the pressure on Chief Zheng."

Park Jin Hyuk continued:

"But don't reveal everything at once. First, you can tell the public that we're trying other treatments for patients for whom Bidafil doesn't work. Do you understand me?"

"clear."

"At the same time, spread the news that JH Investment is not a JS Group company."

As the time gradually matured, Park Jin Hyuk accelerated his pace of action.

*** *** ***

After the international oil price fell to $20 per barrel, it gradually recovered to $35 per barrel due to buying in the broader market.

The United States mediated between Saudi Arabia and Russia, thus easing the dispute between the two countries.

Market confidence is gradually recovering, and some experts believe that oil prices have bottomed out and are about to rebound.

In the office, Park Jin Hyuk is listening to Kim Jun Woo's report.

“DS Energy increased crude oil imports?”

"The total volume hasn't increased, but the spot volume has. DS Energy's total imports used to be 75% futures and 25% spot. This allocation was intended to better guarantee crude oil supply, but now the ratio has been broken."

Park Jin Hyuk is not familiar with the energy business and is still learning and understanding the rules of the industry.

"DS Energy's crude oil futures are comprised of futures trading ranging from one month to six months or more. This configuration will not significantly impact crude oil prices even if an unexpected event occurs."

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