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 396 I oppose Sanfeng Group’s investment

"The purpose of convening today's board meeting is to resolve the problems currently facing Qingyu Group..."

Lee Jung-sook explained the crisis facing the Qingyu Group, Chairman Han Jun-hwan's bedridden illness, and the difficulties encountered in business, and told them all truthfully.

She said: "Qingyu has a lot of things to do now, but it is seriously short of funds, so it urgently needs new funds."

"Where do you plan to introduce new funds?" asked Jin Chengren, who was sitting in the back row.

Before the meeting, Jin Chengren already knew that she would introduce external investment.

"President Jin, since you are not a director, do you have a say in today's meeting?"

"Although I'm not a director, the board's decisions ultimately have to be implemented by us, the management, right?"

Sensing tension between the two men, one of the directors said, "Let's let the old lady finish her words first."

Li Zhenshu knew that Jin Chengren had made great contributions to the development of Qingyu Group and held an important position in Qingyu. So she suppressed her anger and continued, "Now we must inject new funds into Qingyu. I hope everyone can recognize the seriousness of this problem."

Some directors nodded, but others asked, "So you plan to accept Sanfeng's investment?"

"Yes, there is no other way at the moment."

Before the meeting, Li Zhenshu had negotiated with the original creditors, hoping that the creditors could inject another 3 trillion yuan, but was rejected, so she turned to the Sampoong Group.

At this time, Park Jin Hyuk spoke up: "After careful consideration, I believe this matter is inappropriate. Sampoong's investment purpose is questionable."

Although Park Jin Hyuk is not a director of the board of directors, as Han Junhuan's son-in-law and vice chairman of DS Group, everyone knows that his opinions cannot be ignored.

A director followed up, "I also think that Qingyu is not yet at the point where it needs Sanfeng's investment."

Li Zhenshu seemed to have anticipated this situation. She smiled and said, "Qingyu's cash flow is almost cut off. Don't you know? Sanfeng Group has agreed to support us with 3 trillion yuan in paid capital injection."

Her tone seemed to be saying, you have to accept it whether you want to or not, it's up to you.

"Pfft~" Park Jin Hyuk finally couldn't help laughing.

Everyone turned to look at him, and Park Jin Hyuk quickly waved his hand: "Sorry, I've had a cold and cough these past two days."

Li Zhenshu glared at him and said, "Sampoong Group asked us to use Qingyu's shares as collateral. Some people may say that this will jeopardize Qingyu's control. I don't think there is any need to worry. After receiving this investment, I plan to complete the acquisition of PJ Logistics and then merge Qingyu Logistics with PJ Logistics to resolve the issue of share donations. After completing this series of operations, control will become more stable."

Jin Chengren couldn't help but retort: "In this case, wouldn't those shares become your Sanfeng's?"

"Why do you say that? Am I not from the Qingyu family?"

"Since you're from Qingyu, why did you bring Sanfeng in? Once Sanfeng controls Qingyu's shares, he'll definitely be able to dictate things to Qingyu. Besides, in front of Sanfeng, Qingyu will have no secrets at all."

"President Jin, aren't you being too sensitive?" Li Zhenshu argued. "Now is not the time to worry about this kind of thing. If something happens to the president, it will be difficult to find external help."

"What did you say?" Han Ji-yeon stood up suddenly.

"Ji Yan, now is not the time to get excited. You need to calmly consider Qingyu's future."

"How can I stay calm while my father is still lying at home? Please send him to the hospital immediately."

"Is it appropriate to say this to your mother? This child is too excited and makes everyone laugh."

"Isn't it you who caused father to become like this?"

"What nonsense are you talking about?" Li Zhenshu stopped her.

"Father is completely dependent on a ventilator to keep him alive. How long are you going to hide this fact? You're worried that he won't live long, so you're eager to bring in Sanfeng's investment, right?"

"What's going on with President Han now?" a director asked.

The directors only knew that Han Junhuan fell ill and temporarily lost consciousness, but through the conversation between the two, they realized that Han Junhuan's condition was very bad.

Han Ji-yeon replied, "My father has been unconscious for more than a day or two. Because she refused to send him to the hospital, his condition is getting worse day by day."

"Why not send him to the hospital?" asked the director.

"Then we have to ask her. She concealed the truth probably just to attract investment from Sampoong." Han Ji-yeon pointed at Lee Jung-sook and said.

Everyone cast questioning glances at Li Zhenshu.

"Son-in-law, don't you take care of your wife? How come she has become so rude after marrying into your family?" Knowing that she couldn't reason with Han Ji-yeon, Lee Jung-sook said to Park Jin-hyuk.

What she didn't know was that Han Ji-yeon's remarks were actually instructed by Park Jin-hyuk.

Park Jin Hyuk said, "You know how reasonable Jiyeon is. She acted like this because she was worried about her father."

The director asked again, "What is President Han's current situation?"

Li Zhenshu quickly explained: "Please don't worry, the president's condition has stabilized."

However, this did not dispel the concerns of the directors. After a brief discussion, they said, "We suggest that today's meeting end here. We should go and check on Chairman Han now."

Li Zhenshu stopped her, saying, "I suggest we finish discussing today's agenda before going to see the chairman."

However, the directors stood up and walked out of the meeting.

Park Jin Hyuk and Han Ji Yeon accompanied the directors to the residence in Seongbuk-dong, and Lee Jung Suk had to follow.

The directors were all shocked when they saw Han Junhuan lying on the hospital bed with a ventilator.

They asked Lee Jung-sook, "Send the chairman to the hospital immediately. Home is no match for the hospital."

Li Zhenshu said: "As long as everyone agrees to accept Sampoong's investment and acquire PJ Logistics, I will immediately send the chairman to the hospital."

"Madam, why are you so obsessed with acquiring PJ Logistics? The price is already so high, is there any need to acquire it?"

"If something happens to the chairman, how will the succession issue be resolved? The inheritance tax will be at least 2 trillion yen. If the succession issue cannot be resolved, the future of the company will be uncertain."

Park Jin Hyuk said, "Now I want to make my position clear. I firmly oppose accepting investment from Sampoong Group."