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 359 The second batch of vaccines encountered problems

"Team Leader Jin..."

"Yes." Jin Junyu agreed to the boss.

"Please contact Prosecutor Jin Zaixun again and ask him to move forward with the matter we discussed last time as soon as possible."

"knew."

Han Ji-yeon asked, "What's going on?"

"Prosecutor Kim Jae-hoon is investigating Councilman Kang Moon-sik, and the investigation has implicated Dongjing Industry. He asked me if I should exclude Dongjing."

".....Aren't you interfering with the investigation?"

"I didn't interfere, I just asked him to suspend it for two days."

The Procuratorate discovered that during his tenure as Minister of Land and Resources, Jiang Wenzhi had engaged in power-for-money transactions with some construction companies, and Dongjing Industry was also prominently involved.

Knowing that Dongjing was the property of Park Jin Hyuk's grandfather, he sought Park Jin Hyuk's opinion.

At that time, Park Jin Hyuk's answer to him was to conduct an impartial investigation, but asked him to wait for two days.

"Since Dongjing Industry has responded in this way, there's no need to be polite anymore."

Lee Jong-moo and Lee Sun-myeong performed a double act for Park Jin-hyuk, but what they didn't know was that the real director of this play was not them, but Park Jin-hyuk.

*** *** ***

It's time for the DS Group's monthly presidents' meeting again.

DS Pharmaceuticals was reporting on its work, and Park Jin Hyuk asked Mao Dayong, "How is the launch of the first batch of vaccines going?"

"Everything is going according to plan. The supply method is that the state purchases the medicine first and then supplies it to hospitals, so we don't need to worry about domestic circulation."

“How is the preparation for the second batch of vaccines to be launched?”

"We are preparing, but we are facing a problem now. There are many countries that need vaccines, but our delivery capacity is insufficient."

"Well, I received the relevant report." Park Jin Hyuk said.

“The vaccine can only be transported by plane, but WEST Air’s capacity is no longer able to meet the demand.”

Except for North and South America, which are supplied by production plants in the United States, all vaccines in other regions are transported by WEST Airlines.

Park Jin Hyuk asked Lee Yong Bin, "West Air's planes have all been converted into cargo planes. Isn't that enough?"

"WEST Airlines has a total of 32 aircraft, 20 of which are owned and 12 are leased. All of the owned aircraft have been converted into freighters, and the 12 leased aircraft cannot be moved."

"That means there are only 20 aircraft available..."

"Yes, West Airlines was able to cope with the first batch of vaccines, but from the second batch onwards it seemed to be unable to cope."

"So what's our countermeasure?"

Li Yongbin outlined a pre-planned strategy: "The first option is to outsource the business. We have already begun searching for a suitable air freight service provider."

"Objection," Park Jin Hyuk directly rejected the first plan. "Vaccine transportation is very profitable, why should we share it with others?"

Anticipating that Park Jin Hyuk might disagree, Lee Yong Bin continued:

"The second option is to purchase more aircraft. In terms of quantity alone, West Airlines has a considerable number of aircraft, but because they are all small models, they are not suitable for long-distance routes. The second batch of vaccines will have longer flight distances and more complex routes, making it difficult to cope with."

"You mean buying large transport aircraft?"

"We can either buy or lease them, and then use the existing aircraft for short-haul routes like those within Asia, and the newly added aircraft for long-haul routes."

Park Jin Hyuk nodded and said, "Are there any disadvantages to this plan?"

"The disadvantage is that the cycle from placing an order to aircraft delivery is too long."

“What if it’s a lease?”

"There are also problems. It is difficult for one company to provide all the aircraft, so we need to negotiate with multiple lessors, which also takes a long time."

"President Mao, has the launch date for the second batch of vaccines been determined?" Park Jin Hyuk asked Mao Dayong.

“It is planned to be launched in December this year.”

"Time is running out... Are there any other options?"

"The third option is to establish a new logistics company through cooperation."

As soon as these words were spoken, Park Jin Hyuk laughed immediately.

"It seems you have seen my interview."

Li Yongbin nodded. "I've always had the same idea. Since we can't solve this problem ourselves and don't want business to go abroad, why not set up a new logistics company through a joint venture? Then I saw your interview."

Before being interviewed by the Financial Times, Park Jin Hyuk had discussed the equity structure of Qingyu with Lee Yong Bin, and Qingyu Logitics was mentioned at the time.

Park Jin Hyuk looked at Mao Dayong and said, "Establishing a new logistics company... This is an option worth considering, but there is no rush to draw conclusions. The most important thing right now is to produce the vaccine."

"I will focus on ensuring there are no problems with production," said Mao Dayong.

Park Jin Hyuk nodded and instructed Lee Yong Bin: "Deputy Director Lee, please refine the plan and see if there is a better way."

"Yes." Li Yongbin replied.

He wondered why he was still considering it when his boss already had the answer. Even though he had been working for Park Jin Hyuk for several months, he still sometimes couldn't fathom his boss's thoughts.

Next came DS Energy's President Kim Dong-seok's report. He took a deep breath and said:

"Let me now report on DS Energy. Last quarter, DS Energy's sales were 3.2 trillion yuan (approximately 16.9 billion RMB), and its operating profit was negative 107 billion yuan (approximately 5.3 billion RMB)."

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