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...
Park Jin Hyuk walked out of the business strategy room on the 15th floor and headed towards his office on the 21st floor.
On the day Park Jun-wan announced that he would hand over the management rights to him, he moved his office to the headquarters, and Kim Jun-woo also brought the original staff of DS Telecom's secretariat.
Arriving at the door of the Vice Chairman and Head of Business Strategy Office, Park Jin Hyuk said to Kim Jun Woo:
"Team Leader Jin, come here for a moment."
Jin Junyu followed him into the office.
The new office is about the same size as the previous one at DS Telecom.
Since Park Jin Hyuk was used to his original office, Kim Jun Woo decorated and arranged it according to his previous style.
The only thing that changed was the scenery outside the window.
After Park Jin Hyuk sat down, he asked Kim Jun Woo:
"How well do you understand the situation?"
"You mean Qingyu?"
"Um."
"Still no movement."
"Why is there no news about my father-in-law?"
"It's really strange. President Qingyu's office replied that President Han is handling some special business and therefore cannot disclose his whereabouts."
"...After I acquired the management rights to DS, even groups like Guozhi, which had nothing to do with us, sent us greeting cards, but Qingyu didn't respond at all."
Park Jin Hyuk said while looking at the greeting card on the table.
The greeting card was written by Guozhi Group.
Ever since Han Ji-yeon went to the United States, the only way to find out about Qingyu's situation is through official channels.
"If you find out more, Qingyu must be planning something."
"Director, do you want to wait for Madam to come back and then go back and take a look?"
"...Alright, she'll be done with quarantine in three days, right?"
Currently, Han Ji-yeon is being quarantined in an isolation facility near Incheon Airport.
Just as Park Jin Hyuk was talking to Kim Jun Woo, a secretary knocked on the door and walked in.
"Director, Chairman Li Zhongwu is here."
Park Jin Hyuk said to Kim Jun Woo:
"Please come in."
Jin Junyu hurried out.
After a while, he came in with Li Zhongwu.
"Finally found you."
Li Zhongwu said.
"I was really busy a while ago, so I couldn't see you even though you came."
"I thought you were avoiding me, but I just found out these past two days that you were busy with more important things."
“Thank you for your understanding.”
Park Jin Hyuk signaled Kim Jun Woo to bring in the tea, then asked Lee Jong Moo to sit on the sofa and said:
"I guess you're here about crude oil."
"Oh, I made a mistake. I should have listened to you."
"yes."
Park Jin Hyuk looked at his grandfather who looked a little dejected.
"So what are you going to do now?"
"What do you think I should do?"
Li Zhongwu's attitude seemed very sincere.
Then, Park Jin Hyuk said:
"As the saying goes, you should invest within your means. If you exceed your means and it impacts your life, then it's not investing but gambling. What do you think?"
"It's like this. If it weren't for reviving the company, I wouldn't have..."
At this point, Li Zhongwu choked up a little.
"Is this the end of Dongjing Industry?"
"How much did you lose?"
"The total losses from falling oil prices and ship rentals are 250 billion yuan (about 1.3 billion RMB)."
“When does accounting recognition have to take place?”
"It has to show up in the books now, but the problem is that oil prices are still falling..."
The price of crude oil is approaching $3 and there is still no sign of stopping.
Park Jin Hyuk said:
“If oil prices stop falling, will you be able to hold on?”
"It's not just a matter of capital loss. Once this situation is reflected in the account books, the outside world will know about it, and shareholders may withdraw their investment. In that case... Dongjing will probably go bankrupt."
Park Jin Hyuk looked at Lee Jong Moo.
"What would you like me to do for you?"
"Can you buy the crude oil from me? Didn't you promise me that last time?"
"But the situation now is different from that time. You just said it's not just a matter of financial loss?"
Li Zhongwu sighed.
"Now that things have come to this, I'll be honest with you. 250 billion won't cause Dongjing to go bankrupt, but if we lose the trust of our creditors, the problem will be serious."
Park Jin Hyuk asked:
"Did the creditor say anything?"
"They asked me not to interfere with the company's operations in the future and to sell off the money-losing businesses while also tackling core businesses like cement to ease the company's cash flow."
"Can you accept such a request?"
"I can accept everything else, but I can't accept selling the core business. If the core business is gone, there will be no way to talk about the development of Dongjing Industry."
Park Jin Hyuk nodded.
"I understand your feelings, but the creditors' demands are not unreasonable. If it weren't for the creditors' demands, my father would have already withdrawn from the front line of management."
"I can also withdraw from the frontline of management, but their requirements are not limited to this."
"I did say I was willing to buy your crude oil... but that was before. I'm afraid it's a bit difficult now."
"Why?"
Park Jin Hyuk pointed at the real-time oil price on the TV screen and said:
"Do you want me to buy it at this price?"
Li Zhongwu stopped talking.
He only said that he hoped Park Jin Hyuk would buy the crude oil, but he never talked about the price.
"If it's at this price, I can buy it now."
Li Zhongwu lowered his head and said nothing.
"President Li, please tell me the truth. What do you really think?"
Li Zhongwu smiled bitterly.
"I hope you can consider our feelings and give us a better price."
"You make it sound like I'm emotionless. How could I be emotionless? I just don't want to waste my emotions on other people's affairs."
"Other people's business?"
"Of course, I also have shares in Dongjing Industry, but after all, it's only a small share."
Park Jin Hyuk was right, and Lee Jong Moo didn't know how to convince him.
Park Jin Hyuk said:
"Oil prices have already fallen to single digits. If they continue to fall, creditors may not make the same demands as they do now."
"I know that."
"A few days ago, DS's creditors also made various demands, but my father still kept his position as chairman. Why? Because I have the vaccine as a weapon, but what does Dongjing Industry have now?"
Li Zhongwu pondered for a moment and shook his head.
"So what do you think we should do?"
Li Zhongwu sighed and said:
"I've also thought of some solutions..."
Having said this, he couldn't continue.