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 313 Li Zhongwu regrets

"President Jin, please announce the news. Don't worry about it."

"Is it really okay?"

"Only by bringing down DS Heavy Industries will we have a chance. Did you know? From the very beginning, President Zheng had no intention of resuscitating DS Energy; he wanted to bankrupt it."

“…I see.”

"So stop worrying and get started."

"I see."

Just as Park Jin Hyuk was talking to Kim Dong Seok, some more calls came in.

Kim Jun-woo reported the situation to Park Jin-hyuk.

Park Jin Hyuk said:

"It seems that the crude oil business is indeed worth doing. Its impact is so wide-ranging."

"That's right."

The outcome of the Cairo Conference dealt a heavy blow to the business managed by Park Jun-wan.

Because Park Jun-wan could not be contacted, the president of the subsidiary company under his charge began to ask Park Jin-hyuk for instructions on work.

Park Jin Hyuk asked Kim Jun Woo:

"Vice Chairman Xin Guoquan of DS Heavy Industries, no news?"

"Not yet. Do you want me to contact him?"

"No, he's already on my side. You saw it during the meeting."

Jin Junyu nodded.

“If he calls, tell him not to deny the news released by DS Energy.”

"Should we have DS Heavy Industries release the same news?"

"No, keep one hand for now."

It was already 9 a.m., and Park Jin Hyuk looked at the opening price of DS Energy, which had dropped by 12%.

*** *** ***

On this day, the stock market was in chaos.

After noon, oil prices fell below $30.

Crude oil-related stocks, led by DS Energy, fell sharply.

"DS Energy has hit its limit down."

After listening to Kim Jun-woo's report, Park Jin-hyuk nodded.

“After the news of the long-term contract at $38 Dubai crude oil benchmark was released, everyone seemed to have lost confidence in DS Energy.”

"Okay, what about DS Heavy Industries?"

"DS Heavy Industries also fell 20%."

“Only 20%?”

It is estimated that DS Energy will be able to trigger the Full Option tomorrow, but after triggering the Full Option, creditors will have the right to deal with the shares of DS Heavy Industries.

Because there are two safety valves, it is not enough for DS energy to just fall.

"Still no news from Vice President Xin?"

Before Jin Junyu could answer, there was a noise outside the door.

"Don't stop me! Don't you know who I am?"

"President Li, please wait a moment. We will go in and make an announcement."

"No, do I need to report it?"

This is Li Zhongwu's voice.

"Old man, just wait a moment."

This is the voice of Park Jin Hyuk's grandmother.

Park Jin Hyuk hurriedly signaled to Kim Jun Woo to invite them in.

Jin Junyu went out and invited the two old men in.

"Why are you here? You didn't tell me in advance."

Li Zhongwu said with a gloomy face:

"Zhen Hyuk, the situation is not good."

"Please sit down and talk."

Park Jin Hyuk said calmly.

He asked his secretary to bring in the tea, and then asked grandma:

"Have you had lunch yet?"

Grandma looked at her husband and said:

"Your grandfather has been making contacts everywhere since this morning and hasn't eaten much."

"How can this be possible? Director Jin, please ask the cafeteria to send some food over."

From the tired look on Li Zhongwu's face, Park Zhenhe knew that the situation of Dongjing Industry was not good.

Li Zhongwu has always been there to check on important matters, so Dongjing Industry has persisted until now.

If Li Zhongwu falls, the future of Dongjing Industry will be worrying.

After a long silence, Li Zhongwu said:

"I'm trying to dispose of the crude oil now, but it's impossible. I've contacted many people, but they all say there's no way... I've put all my Dongjing assets on the line..."

"You want to sell the crude oil?"

"...The price quoted from the Middle East is no more than $10. If that happens, Dongjing Industry will go bankrupt."

Li Zhongwu hung his head in frustration.

Grandma held her husband's hand.

"It's okay. You were the one who built Dongjing Industry. Even if you can't continue, no one can say anything."

"The Dongjing industry that I built with my own hands is now about to be destroyed in my hands."

After pondering for a moment, Park Jin Hyuk said:

"Didn't you say you'd stick with me? Why are you acting alone?"

"Oh... I have nothing to say now."

"Actually, it's not too late to understand now..."

"Not too late?"

"What are you going to do? I'll do my best to help you."

"Will you help me...?"

Li Zhongwu seemed to see a glimmer of hope.

"Yes."

Park Jin Hyuk nodded.

"If you're willing to sell it, I can buy it at that price."

Park Jin Hyuk pointed at the gas price displayed on TV, $29.

After hearing what Park Jin Hyuk said, Li Zhongwu started to think in his mind.

"You can keep it if you don't want to."

Li Zhongwu asked:

“You haven’t bought it yet?”

"No, I plan to buy it in a week."

"I heard."

Li Zhongwu turned his head to look at the screen. Oil prices continued to fall.

"What will happen if I continue to hold it in my hand?"

Li Zhongwu seemed to be asking a question, but also seemed to be talking to himself.

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