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 344 The Key Points of Qingyu Group

Jin Chengren lowered his head, as if thinking about something.

Han Ji-yeon nervously held Park Jin-hyuk's hand.

After a while, Jin Chengren raised his head and said:

"Before making any major decisions, the chairman will close the door and cut off all external contact. He did the same during the merger and acquisition of Qingyu Energy and DS Technology last year. But... even so, he can still be found through his secretary..."

Park Jin Hyuk had already heard about these situations from Han Ji Yeon.

"But what's strange this time is that everyone in the president's secretariat has resigned and gone into hiding abroad."

"At this time, everyone has gone abroad?" Han Ji-yeon asked in surprise.

She had just returned from the United States, so she knew very well that it would take her at least a month to come back from overseas.

Jin Chengren continued, "In the past, in times like this, besides going through the secretary, there was another way to contact the president."

"What method?" Han Ji-yeon asked hurriedly.

"Through me."

"So you can contact my father?"

At this time, Park Jin Hyuk spoke up: "It seems that you have also lost contact with Chairman Han."

Han Ji-yeon looked at Park Jin-hyuk in confusion.

Jin Chengren nodded: "Yes, I have lost contact with the president for three months."

Three months, which is about the same time that Park Jin Hyuk and his wife lost contact with Han Jun Hwan.

"I can only wait for the president to contact me..."

Park Jin Hyuk continued, "But you didn't get in touch with the president. Instead, you heard some unexpected news."

"Yes."

Kim Sung-in looked at Park Jin-hyuk. He had been thinking about whether to come and see Park Jin-hyuk since a week ago. It seemed that he was too late.

"Just a week ago, the legal department of Qingyu Group received an order to study the issue of inheritance."

Hearing this, Park Jin Hyuk knew that what he was worried about had finally happened.

"The president is not here, who asked them to do the research?" Han Zhiyan asked anxiously.

"It's the old lady."

"My stepmother? Why?"

Jin Chengren sighed softly and did not answer, as if he had something to hide.

Park Jin Hyuk lowered his head and thought for a moment, then said, "President Kim, I understand what you mean. Let me think of a solution... It seems that the previous direction was not right, and we need to adjust our thinking."

Seeing that Park Jin Hyuk understood what he meant, Jin Chengren lowered his head and said:

"Please, you're the only one I can turn to right now."

"President Han is my father-in-law, I will not sit idly by."

"Thank you. I'll take my leave then."

Having said that, Jin Chengren stood up.

Park Jin Hyuk shook his hand again and said:

"We have to cooperate. If I take action, Qingyu will probably take action as well."

"I'll see how things unfold with Qingyu."

"Okay, let's keep in touch," said Park Jin Hyuk.

Jin Chengren turned to Han Zhiyan and said:

"Miss, it seems you have found a good partner. No wonder the president often praises his son-in-law. It seems he is right."

"Thank you, President Jin. Please find my father."

"Don't worry, Director Park and I will work together to find a solution."

After saying that, Kim Sung-in said goodbye and left, and Han Ji-yeon sent him downstairs.

After returning, Han Ji-yeon said with tears in her eyes:

"Is there anything wrong with my father?"

Park Jin Hyuk grabbed her shoulders and said:

"Believe me, I will never let anyone take Qingyu away from you."

Then he held Han Ji-yeon in his arms.

*** *** ***

The next day was Monday. After Park Jin Hyuk finished listening to the report from the Strategic Management Office, he asked Kim Jun Woo as he walked out of the meeting room, "How's the investigation going?"

Jin Junyu hurriedly reported, "We've studied Qingyu's equity structure. It's different from DS's. DS Group vertically manages its subsidiaries through its parent company, DS Co., Ltd., but Qingyu has two parent companies, Qingyu Co., Ltd. and Qingyu F&C, each of which controls a portion of its subsidiaries."

"Chairman Han holds controlling stakes in both Qingyu Corporation and Qingyu F&C?"

Jin Junyu shook his head. "No, F&C is 100% controlled by the old lady and Han Shenghao, the secretary-general."

"Hmm? The Secretary-General has shares in F&C?"

"I speculate that Chairman Han's shares are held by the Secretary-General."

This was a method often used by chaebols in the past.

"Is Chairman Han planning to hand over Qingyu Group to the next generation through Qingyu F&C?" Park Jin Hyuk asked.

"I think so too. Among the subsidiaries controlled by Qingyu F&C, including Qingyu's core business, Qingyu Chemical, Qingyu Total, which is under Qingyu Chemical, is expected to go public, which can help the heirs solve the inheritance tax problem."

Park Jin Hyuk drank his coffee while listening.

Qingyu Group has a total of 24 subsidiaries, 8 of which are listed.

Although Qingyu has also been working hard to transform, it has never been able to eradicate the problem of mutual investment among subsidiaries.

"I want to know, what is the weak point of Qingyu Group?" Park Jin Hyuk asked the question that interested him the most.

Jin Junyu replied: "The key is Qingyu Chemical. If there is a problem with Qingyu Chemical, the entire Qingyu Group will be shaken."

In the DS Group, as long as there are no problems with the parent company, the entire group will not be in turmoil.

But this is not the case in Qingyu, as its management model has fatal weaknesses.

Park Jin Hyuk said with a smile: "Then you can't touch Qingyu Chemical. I have no intention of bringing down Qingyu. I just want to scare them."

Upon hearing this, Jin Junyu pointed the laser pointer at a subsidiary company.

"If that's the case, you could consider Qingyu Property & Casualty Insurance. Its current market capitalization is 300 billion yuan. Although it's not as large as Qingyu Chemical, it's also a key business for Qingyu Group."

"Hmm..." Park Jin Hyuk focused his attention on Qingyu Property and Casualty Insurance.

Although he tried every possible way, he still couldn't find out the whereabouts of his father-in-law, so he needed to change his strategy.

Changed from passive search to letting the target show up actively.

"I want to scare them. How can I achieve this goal?" Park Jin Hyuk continued to ask.

"The simplest way is to shake up its stock price, which can be done by short selling, or buying its shares and then selling them in large quantities after reaching a certain scale."

"This is a good way to shake up its stock price... Inform President Guo and ask him to come over."

"As for matters concerning the operation of the stock market, wouldn't it be better to call President Zheng of DS Securities?" Jin Junyu suggested.

"If DS Securities comes forward, it will give people excuses. It would be better to go through my personal company."

"Yes, I understand."