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 40 The Importance of On-site Inspection

Then, Park Junwan turned and asked Park Jinhyuk a more in-depth question.

"If you don't do paid capital increase, how do you plan to solve the funding problem?"

"I didn't mention the funding issue in my report just now because it's actually a very simple issue. All we have to do is collect the receivables. It won't be long before we get good news from the Iraqi government."

"Really? Have you already opened up government channels?"

After hearing what Park Jin Hyuk said, not only Park Jun Wan, but also Hyun Yi Soo who was sitting in the back was also surprised.

Park Jin Hyuk did not avoid talking about this issue as he was reminded. Not only did he talk about it, but he also said that the problem had been solved!

Park Jin Hyuk calmly watched the reactions of the people around him.

My father was looking at me with interest, while my second uncle turned around hurriedly and discussed something with his assistant.

The other participants looked at him silently.

Park Jin Hyuk said to the chairman:

"We haven't been able to establish contact with the government yet, but we have found a way, so there will be results soon."

"I've found a solution... Could you please explain it in more detail?"

Park Jin Hyuk was well prepared for the chairman's question.

"It's the Iraqi government that's preventing state-owned banks from paying our loans, so the project's cash flow has been cut off. We plan to put pressure on the government to clear the blocked cash flow. Specifically, we plan to cooperate with companies like Dongjing Industry, which have been doing business in the Middle East for a long time and have established good relationships with local governments. We plan to work with them to smooth government relations."

Hearing this, Xuan Yizhu couldn't help but close his eyes. He repeatedly warned Park Zhenhe not to tell these plans to anyone, but he still did.

After hearing Park Jin Hyuk's answer, Park Jun Wan continued to ask:

"Dongjing Industry? Did Dongjing Industry promise you something?"

"No, nothing was promised."

"Then what makes you say you're going to smooth things over with the Iraqi government through Dongjing Industry? Where does your confidence come from? Do you think it'll definitely help you just because it's your grandfather's company? You're wrong. The honorary chairman of Dongjing Industry is not that kind of person."

Xuan Yizhu also thinks so.

According to his understanding, Li Zhongwu has always believed in putting the company first, and relatives and blood ties are secondary.

He never agrees to other people's requests easily.

Therefore, although Hyun Yi-soo had long known that Dongjing Industry was Park Jin-hyuk's grandfather's company, he did not suggest that he go to find Lee Jong-woo.

After listening to his father's advice, Park Jin Hyuk glanced at his second uncle, who was still talking to his assistant. Park Jin Hyuk thought:

"Isn't it obvious that you are the one behind this?"

Park Junwan also noticed his brother's abnormal behavior and looked there from time to time.

After seeing all this, Park Jin Hyuk said to his father:

"I didn't plan to go look for my grandfather as his grandson."

"Don't you plan to go look for your grandpa?"

"Yes, I plan to discuss this matter with Dongjing Company openly. If I ask Dongjing Industry for help in my personal capacity, I'll owe them a favor and confuse the relationship between company business and relatives. I don't want to do that."

"That's good. You need to make some progress before announcing your operating results for the third quarter of this year. Otherwise, if revenue doesn't meet expectations, investors might react."

"Understood, we will expedite it."

"Today is your first work report. You did a good job, but you still need to work harder. I will continue to pay attention to the development of DS Construction."

The presidents present also gave Park Jin Hyuk approving looks.

Park Jin Hyuk nodded to them and returned to his seat.

As soon as he sat down, Xuan Yizhu came over and said anxiously:

"Director, didn't I tell you not to say it? Why did you say it anyway?"

"Is there something wrong with what I said? Isn't that our plan?"

"The specific plan has yet to be determined. What if what you proposed today encounters problems and cannot be pushed forward?"

"I believe it can be done. The president has agreed, too. Let's give it a try."

"You mean, the president also has this opinion?"

Park Jin Hyuk remembered that when he went to his father and asked to work at DS Construction, his father asked him to go to Seongbuk-dong to see his grandfather.

He thought his father just wanted him to visit the elders, but now it seems his father has other intentions.

What he saw and heard from his grandfather and aunt at his grandfather's house illustrated this point.

Park Jin Hyuk poked Hyun Yi Soo with his arm.

"In this kind of situation, the chairman certainly doesn't want to hear ambiguous reports. Even if there are deviations later, he must express his clear ideas. Don't worry. After the meeting, please quickly find out what Dongjing Industry's current needs are."

"What do you mean?"

"If we want to cooperate with each other, don't we have to have something to offer them?"

Park Jin Hyuk smiled at Hyun Yi Soo and turned his body back.

*** *** ***

"Wow, the air here is so nice!"

Park Jin Hyuk put his hands behind his back and looked at the situation around him.

There are green farmlands everywhere around and low hills in the distance. The scenery is very beautiful.

Although this is a suburb of Seoul, it is a restricted development area, so there are few buildings and the scenery looks similar to the countryside.

"Headmaster, this is a map."

Kim Jun-woo opened the map and handed it to Park Jin-hyuk.

Park Jin Hyuk looked at the map and observed the surrounding situation.

After checking it several times, he folded the map and returned it to Secretary Jin.

"It doesn't seem to be here. Let's look somewhere else."

"Where to go next?"

"Go east and look towards Yongin (located in Gyeonggi Province, adjacent to Seoul and part of the metropolitan area), Gwangju (also in Gyeonggi Province, part of the metropolitan area and known as Korea's ceramics capital), and Henan (also in Gyeonggi Province, part of the metropolitan area)... When it comes to land, you have to travel a lot and see the situation on the ground to understand it."

"Headmaster, you don't have to go and look for the land yourself, right?"

Secretary Jin felt that as the director, he could just let his subordinates do such things, so why should he run around in person?

Although he also knew that Park Jin Hyuk was right and that if he wanted to understand the specific situation of the land, he had to go to the site to see it, but this was not something that someone of Park Jin Hyuk's level should do.

Park Jin Hyuk smiled at Kim Jun Woo and got into the back seat of the car.

He didn't say much, because even if he did, Secretary Jin wouldn't understand why he had to go to the site in person to see the land.