Since taking over DS Group, Park Jun-wan has experienced many hardships, but this is the first time he has encountered such a serious crisis.

The global financial crisis in 1997 was not as severe as this one.

After people's activity space was restricted, consumption dropped sharply and the economy shrank overall.

Companies cannot sell their products and eventually have to stop production or even close down. Unemployed employees have even less money to spend, leading to a vicious cycle.

The United States claims to be facing its worst economic crisis since the Great Depression of the 1930s, and South Korea also believes that the current economy is the most depressed since the Korean War.

Several European countries that rely on tourism as their main source of revenue have had to postpone payments of maturing foreign debts.

The whole world has been dragged into the abyss of the epidemic.

But as the president, Park Jun-wan still has to cheer up.

He said to the presidents in a relaxed tone:

"The current situation is very difficult, but it's not just us. All businesses are facing difficulties. At the same time, we must see that crises and opportunities coexist. The next one."

Park Jin Hyuk walked to the front and began to introduce the situation of DS Telecom.

"Thanks to our early foresight, the epidemic has had little impact on DS Telecom so far. The services we launched in partnership with overseas OTT companies have made significant progress. In just two weeks, we added one million new users, which is expected to generate approximately 200 billion yuan (approximately 1.06 billion RMB) in revenue. At this rate, our user base will reach 15 million in the first half of this year."

Park Jin Hyuk's words were like a bomb dropped in the dull meeting room.

"How much incremental revenue can 5 million new users bring?"

Park Junwan asked.

"It is expected to generate revenue of around 1 trillion yuan and operating profit of more than 100 billion yuan."

“Is it after paying the service fees of overseas OTT companies?”

"Yes."

Park Jin Hyuk continued:

"In addition, DS Telecom's data center business has already gained popularity among users even before its completion. We expect to achieve 500 billion yuan (approximately 2.65 billion RMB) in revenue and 200 billion yuan in operating profit this year. We plan to expand our business to Australia, North America, and India next year, and we expect revenue and profit to reach 2 trillion yuan and over 400 billion yuan, respectively."

While others were shrinking their businesses, he was expanding.

Park Junwan pressed his temples with his hands and said:

"Okay, I understand the situation. Next."

Faced with the good development momentum of DS Telecom, Park Junwan should be happy, but for some reason, he didn't want to listen.

The next person to report was Xin Guoquan, and he was clearly lacking in confidence.

Park Junwan glanced at him.

"DS Heavy Industries should also submit a written report."

Upon hearing this, Shen Guoquan bowed and returned to his seat.

Except for DS Communications, the business of all subsidiaries of DS Group has either experienced negative growth or stagnated.

But the crisis has just begun.

"Today's meeting ends here. Vice President Xin, please come here for a moment."

After saying that, Park Junwan stood up and walked out of the meeting room.

Seeing the president leave, everyone couldn't help but breathe a sigh of relief.

Immediately, everyone turned their attention to Park Jin Hyuk.

Some of them envied and admired him, and of course some were jealous, but everyone hoped that Park Jin Hyuk would give them a hand, preferably by cooperating with DS Communications to grow their own business.

"Chairman Park..."

Park Jin Hyuk was explaining something to Kim Jun Woo when the president of Shinhan Hotel came forward.

"What's up?"

"I would like to report to you on the preparations for the wedding."

"You are too polite. You don't need to report to me specifically."

"I feel it's necessary to report."

The president of Shinhan Hotel said attentively.

The hotel industry was the hardest hit by the epidemic. During the report, he said that the hotel will use this free time to carry out interior decoration and training, but this is only a stopgap measure.

If he continues to have no output, he may lose his position as president.

For him, the best way is to hold on to the big tree of Park Jin Hyuk.

Park Jin Hyuk looked at the hotel president.

"Okay, but today is not convenient. Is tomorrow okay?"

"No problem, I can do it anytime."

As long as he can see Park Jin Hyuk, he is willing to come even in the middle of the night.

"Then please come to my office tomorrow morning."

"Yes, thank you very much."

Many people saw this scene, including DS Energy President Kim Dong-seok.

Kim Dong-seok was originally the president of Cheongwoo Energy. After the company was acquired by DS Group, he continued to serve as president.

But he knew very well that this position had a shelf life.

DS Group will need him in the initial stage, but will most likely replace him after he becomes familiar with the industry and the company's conditions.

In order to carry out the Brazilian power plant project, DS Group acquired Qingyu Energy, but encountered the epidemic, which caused the Brazilian project to be stranded.

In order to make up for the huge losses of the project, DS Energy imported a large amount of crude oil while oil prices were low.

However, unexpectedly, oil prices plummeted, putting the company in a dilemma.

Unfortunately, the mutated Paris flu began to spread around the world again, and the hope of improving business became very slim.

At this time, DS Electronics President Qiu Guangzhu was talking to Park Jin Hyuk.

After the outbreak of the epidemic, DS Electronics' business also declined.

Compared with other businesses that saw a 20-30% decline, DS Electronics' performance was relatively good, with only a 5% decrease.

Coupled with the mobile phone business turning losses into profits, everyone is saying that Qiu Guangzhu may be promoted from acting president to official president.

Kim Dong-seok thought:

"Since Qiu Guangzhu and the others have stood under the big tree of Park Jin Hyuk, why can't I do the same? The key decisions that led to DS Energy becoming what it is today were made by the chairman. I am just following his orders."

Thinking of this, Kim Dong-seok stood up and was about to go over to say a few words to Park Jin-hyuk.

"President Jin, the president wants you to come over for a moment."

The voice of the president's secretary came from behind.

*** *** ***

Park Jin Hyuk left the meeting room and headed towards the elevator.

Mao Dayong, who had been waiting outside, took two quick steps and got into the elevator with him.

"Chairman, I bought the fishing rod you wanted. Would you like to take a look?"

Mao Dayong said with a smile.

"Great, did you buy it from China?"

"It was specially made in China."

"Okay, let's go check it out."

Park Jin Hyuk replied with a smile.

The presidents in the elevator pricked up their ears, and they couldn't help but wonder whether they should also develop a hobby of fishing.

But what they don’t know is that the so-called fishing rod is actually a code word between Park Jin Hyuk and Mao Dayong.