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 36 I Know Who is Behind This

Park Jin Hyuk lowered his head and thought for a moment.

Then he said to Xuan Yizhu:

"What should we do if we can't get the project payment and can't withdraw?"

"As we said at the last meeting, there is no other solution except a paid capital increase."

"If there is a paid capital increase, how will it be carried out..."

"If a paid capital increase is conducted for existing shareholders, it will have a significant impact on the company's share price and reputation, and the share price may plummet. Therefore, I recommend a paid capital increase from a third party."

"Third-party paid capital increase? Do we need to find new investors?"

"Yes, but the group has a rule that when a subsidiary increases capital, it must first consider other capable subsidiaries within the group."

“Which subsidiaries have such investment capabilities?”

In response to Park Jin Hyuk's questions, Financial Team Leader Guo Xiji handed the prepared documents to Xuan Yizhu.

This document provides detailed information on the various subsidiaries of the DS Group.

Xuan Yizhu opened the group's corporate structure chart and said:

"The DS Group currently comprises seven major business segments: communications, heavy industry, chemicals, finance, electronics, and services. Under these seven subsidiaries are third- and fourth-tier companies, forming the various vertical business segments. If DS Construction can grow and develop, it will become the group's eighth business pillar, which is the chairman's overall strategic vision. Including the seven subsidiaries and their third- and fourth-tier companies, the entire DS Group comprises approximately 40 companies, large and small, making it one of the leading conglomerates in South Korea."

If the Basmaya project doesn't encounter any problems, I believe it won't be long before DS Real Estate becomes the group's mainstay. If a paid capital increase is implemented, the construction business will transition from being a direct subsidiary of the parent company to being a subsidiary of one of the seven subsidiaries, with the telecommunications company being the most likely candidate.

"Communications? Don't financial companies have more money?"

"You're right. The financial sector holds the most cash. However, according to our country's Financial Industry Law, if a financial company wants to hold equity in a non-financial company, it must meet a series of very stringent conditions, and there will be many different opinions from the outside world. Therefore, the financial sector can only be excluded, and then the telecommunications sector will be the only one."

"So that's how it is. DS Construction has become a subsidiary of DS Communications..."

Although DS Construction has encountered operational problems, it is still a company with annual revenue of nearly 2 trillion won (about 10.6 billion RMB).

It would be very strange if an enterprise of this size were not a second-tier enterprise of the group headquarters but appeared as a third-tier enterprise.

Park Jin Hyuk was looking through the list of the group's subsidiaries when he suddenly found a familiar name.

[DS Communications President and Vice Chairman Park Soo-man]

Park Jin Hyuk then remembered that his second uncle was the head of DS Communications.

"I see."

Park Jin Hyuk raised his head, looked at Xuan Yizhu and said:

"If a third-party capital increase is made, DS Construction will become a subsidiary of DS Communications, right?"

"Yes, that's why I'm asking you, what exactly does the president think about the future of DS Construction? I'm wondering if he wants this situation to happen, so he's intentionally cutting off DS Construction's cash flow?"

"Are you doubting that we are strangling ourselves?"

"That's right. Otherwise, we can't explain the situation we're facing. I and everyone in this department believe that we shouldn't burn our own bridges."

Looking at Hyun Yi-soo's doubtful eyes, Park Jin-hyuk shook his head.

"No, that's not what the president meant."

"Isn't that what the president meant?"

"That's not what the president meant. I know who did it."

Park Soo-man, the president of DS Communications! The name was already on the tip of Park Jin-hyuk's tongue, but he still didn't say it.

He only had suspicions and had no solid evidence, so he couldn't say anything yet.

Based on what Secretary Huang said to him, we can know that Chairman Park Jun-wan does not want DS Construction to become what it is now.

Following Park Jin Hyuk's gaze, Hyun Yi Soo also saw the name.

In fact, Xuan Yizhu also had doubts about that person, but he did not say it out loud.

If DS Construction ran into trouble, who would benefit? After doing some research, he finally focused his attention on this person.

Park Jin Hyuk raised his head and said to Xuan Yizhu and the three team leaders:

“We are not considering paid capital increase.”

"So what are you going to do?"

"If cash flow is blocked, then find a way to open it up. Let's think of a way."

Hearing Park Jin Hyuk say this, Hyun Yi Soo smiled.

Since working with Park Jin Hyuk, Hyun Yi Soo feels that Park Jin Hyuk brings him surprises every day.

Contrary to rumors, Park Jin Hyuk not only has a keen intuition about business management, but also seems to have a thousand ideas hidden in his mind.

Hyun Yi-soo opened a folder and placed it in front of Park Jin-hyuk.

"This is what I just said, a key decision-maker in the Iraqi transitional government."

The document contains the names, photos, personality traits, preferences, and past experiences of key government decision-makers.

"The government has halted the loan from the state-owned bank. Although the reason for this is unclear, the most effective way at the moment is to find this person and make him change his mind."

"Let him change his mind..."

"I guess someone has used pressure or bribery to get the government to issue a halt. We can also use greater pressure to change their minds. Wouldn't that solve the problem?"

Xuan Yizhu looked at Park Zhenhe and continued:

"The reason I asked what the President thought was because I wanted to make a suggestion. Could you please..."

"No, your suggestion is not feasible."

"Headmaster, this problem can be easily resolved if the president steps in."

"I'm sure you've already figured out who's behind this. But do you think the president doesn't know? He knows, but he hasn't taken any action. There must be a reason. Under these circumstances, if I go and ask the president to intervene, wouldn't that be asking for trouble?"

After hearing what Park Jin Hyuk said, Hyun Yi Soo nodded.

Asking the president to come forward is the easiest way, but now it seems that this approach is not feasible.

"Got it. I'll think of other ways."