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 253: Does Novo Pharmaceuticals intend to take back the authorization of Bidafel?

Recently, several rounds of meetings are held every day at the DS Group headquarters to discuss changes in overseas markets and how to assist its Brazilian subsidiaries.

However, Park Jin Hyuk was not notified to attend these meetings.

Since the last meeting, Park Jin Hyuk has not been able to enter DS headquarters without permission.

Employees of DS Heavy Industries and outsourcing companies who were sent to Brazil returned to China on a special plane and brought back news from there.

Kim Jun-woo is reporting to Park Jin-hyuk the news brought back by these returning employees.

"They said that because Brazil's epidemic prevention measures are not in place, they dare not go to the hospital even if they feel unwell."

“How many people were evacuated from Brazil?”

Park Jin Hyuk asked, sitting on a chair.

"DS Heavy Industries and DS Energy have withdrawn a total of 800 people. If outsourced companies are included, the number has reached 1,500."

“Have they all been quarantined?”

"All of them were placed under quarantine and underwent two antigen tests."

"The virus has mutated. Are the previous antigen reagents still effective?"

"I thought about this, too, so I wore a mask when communicating with them, but..."

"If I get infected, Director Jin, you will be held responsible."

Park Jin Hyuk joked.

He estimates that the mutated virus will soon become prevalent in South Korea.

Not long after, the U.S. Centers for Disease Control and Prevention (CDC) officially announced that this flu was different from the Paris flu and that the specific drug Bifida Flavour had lost its effect.

Subsequently, the European Union also released the same news.

It was pointed out that Bidafil cannot prevent this flu and is only effective in some cases, and cannot achieve a complete cure as in the past.

The news caused great panic among the public.

On this day, Park Jin Hyuk was having a meeting in his office with his close associates including Hyun Yi Soo.

In the past, such meetings were held secretly in his apartment, but now there was no need for concealment.

"Many countries have said the epidemic will not have much impact on their economies."

"This is just their hope..."

Park Jin Hyuk said.

“How many patients are there now?”

"The number of patients in Brazil has exceeded 150,000, and the mortality rate remains at 10%."

"What's the situation in the United States?"

"The United States also believes that the existing antigen reagents can no longer accurately detect patients, and therefore cannot count the number of patients. The United States is stepping up the development of new antigen reagents."

"That means the 150,000 figure for Brazil is also inaccurate."

"That's right."

Park Jin Hyuk tapped the table lightly with his hand.

If this continues, it will become very difficult to control the epidemic.

"What about our country?"

"Several small and medium-sized enterprises have developed new antigen reagents and are conducting tests."

“Why were we able to develop it so quickly?”

"Because we provided samples of the mutant virus to the Ministry of Health and Welfare, the Ministry of Health and Welfare provided the virus samples to some research and development companies, which accelerated the progress of research and development."

"It seems Commander Zheng has done something great again."

"The Ministry of Health and Welfare plans to hold another information conference today."

When most countries had just realized that the virus had mutated, Commander Zheng was finally able to hold his head up in front of the news media because of the country's rapid progress in new antigen reagents.

"Is there anything else to report about the epidemic?"

"Not yet."

“What about oil prices?”

“It’s already gone up to $40.”

Guo Xiji glanced at Park Jin Hyuk.

After his last discussion with Park Jin Hyuk, he has booked ships with shipowners in Singapore and Greece.

Dongjing Industry has basically completed negotiations with the UAE government on the import of crude oil.

Now the only thing left is to raise funds. Guo Xiji has not yet used the equity of Xuri System Integration to apply for a loan from the bank.

Because the United States has stepped up its mediation between Saudi Arabia and Russia, public opinion generally believes that the dispute between the two countries will eventually be resolved.

Guo Xiji wanted to confirm with Park Zhenhe again whether the project should continue.

Park Jin Hyuk looked at Kwak Seok Ki.

“Is DS Energy still importing crude oil?”

“They are still importing, and if the existing storage facilities are full, they plan to rent tankers to store the oil.”

"Okay then. Immediately use the shares of Rising Sun System Integration to prepare the necessary funds."

Without waiting for Guo Xiji to answer, Mao Dayong spoke first:

"Chairman, wait a moment."

"What's the matter?"

"Noshi Pharmaceuticals contacted us yesterday and said they wanted to see you."

"See me? Why?"

"They intend to revoke the production and sales authorization of Bidafel."

"Huh? What's going on?"

"It is understood that it was Hancheng Group that requested that Nuoshi Pharmaceuticals directly grant them the production and sales rights of Bidafel."

Park Jin Hyuk was very puzzled.

"Bidafil doesn't work anymore, so why are they still authorizing it? It couldn't be a mistake."

"I've confirmed it. Nosocomial Pharmaceuticals said they know Bidafil is no longer effective, but they're still going to revoke the license."

"If the authorization is revoked, won't they have to pay liquidated damages?"

"They said $300 million in liquidated damages were ready."

"Hmm... I'm afraid the Hancheng Group covered the cost?"

"It seems so."

"...Why would Hancheng Group do this?"

It is unbelievable that Hancheng Group spent tens of billions of yuan to obtain authorization even though it knew that Bilifil was ineffective.

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