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 440: The fragmented Sanfeng Group

Park Jin Hyuk's election as chairman became a hot topic in the TV station's economic special program that day.

The expert said: "I think DS's stock price is undervalued now."

The host said: "Undervalued? In the past year, DS Pharmaceuticals' stock price has increased 50 times."

"The current DS stock price only reflects the achievements it has made, not its future growth prospects. Chairman Park Jin Hyuk has proven himself to be an exceptional entrepreneur. From this moment on, DS Group has officially entered the Park Jin Hyuk era. Over the next two to three decades, DS Group is expected to achieve several times, if not dozens of times, growth."

In his house in Pyeongchang-dong, Park Jin Hyuk was sitting on the sofa, watching TV.

The host said, "You mean to say that it is strongly recommended to buy DS stock?"

"Now is indeed a good time to buy. After the DS Group's shareholders' meeting, 12 securities firms predicted that DS Co., Ltd.'s stock would rise by 100%, and another 8 securities firms designated DS Co., Ltd.'s stock as a strongly recommended buy."

The expert went on to say, "DS Group recently announced that it will distribute 50% of its profits as dividends. It also plans to cancel shares twice this year (reducing registered capital through the repurchase and cancellation of shares. Share cancellations indicate a company has ample funds and strong fundamentals). All of this suggests that DS Corporation's stock is a worthwhile investment."

"I heard DS Pharmaceuticals is planning a share split (which means dividing large shares into smaller units while keeping the total capitalization unchanged. Share splits help increase the issuance volume and circulation, making it easier for investors to subscribe and expand sales). What are your thoughts on this?"

"Yes, DS Pharmaceuticals is likely to split its stock at a ratio of 1:5 or 1:10 this year, which means that DS Pharmaceuticals' stock is truly a golden stock."

"There are so many benefits to buying DS stock, so isn't there any problem at all?"

In response to the host's question, the expert gave the answer that there is no big problem at the moment.

But Park Jin Hyuk said to himself, "How can there be no problem?"

As he said that, he turned off the TV and stood up.

It was already late, so he tiptoed into the bedroom and found that Han Ji-yeon was not asleep either. She was leaning on the bed reading a book.

Seeing Park Jin Hyuk come in, Han Ji Yeon put down the book in her hand and said, "Why are you going to bed so late?"

"Sorry to disturb your sleep."

"Not really... I just think it's too boring to be alone, and the mansion is too lonely."

In such a huge mansion, only the couple and Park Ruien lived there. Of course, there were 12 servants, but four of them did not live in the mansion and went home after get off work in the evening, so the mansion seemed even more deserted after dark.

Han Zhiyan said: "It won't be long before Ryan will move out..."

"Or, I'll try not to work overtime and spend more time with you at home?" Park Jin Hyuk said apologetically.

"Yesterday, Xianghe's wife called me." Han Zhiyan answered the question irrelevantly.

"Oh? What did she say?"

"She said...she's pregnant..."

Only then did Park Jin Hyuk understand what Han Ji Yeon meant.

Because Park Jin Hyuk is immersed in his work and often works overtime, they only have sex once a week. When he is not in good health or drinks, Park Jin Hyuk will take contraceptive measures. Therefore, they have been married for almost two years, and Han Ji Yeon is not pregnant.

"I think we should seriously consider having children. Only with children can we have a family atmosphere." Seeing that Park Jin Hyuk was also considering it, she continued, "With such a large fortune, someone has to inherit it in the future."

Park Jin Hyuk thought for a moment and said, "You're right. We should have a baby as soon as possible."

"That's great, thank you for thinking so."

*** *** ***

In the chairman's office of DS Group, Park Jin Hyuk looked at Lee Sang Woo, the half-brother of Samsung Vice Chairman Lee Sun Woo, who was sitting in front of him.

Li Shangyu put down the teacup in his hand and said, "What do you think of my suggestion?"

"So, your goal isn't to take Sanfeng back?"

"I don't have such big ambitions. I just want to take back what belongs to me."

"So that's how it is..." Although he didn't show any emotion on the surface, Park Jin Hyuk was actually moved by the other party's suggestion.

He asked, "What can I gain by agreeing to cooperate?"

"That's strange. With your brain, you should be able to understand what I mean. Do you have any other ideas?"

In Sampoong Group, Lee Sang-woo only held a nominal position as the director of the External Cooperation Department, but in front of Park Jin-hyuk, he did not show any weakness and behaved politely.

Park Jin Hyuk replied: "It doesn't matter whether I have other ideas or not, I just want to know what I can get."

"You will see the dismembered Mitutoyo."

Park Jin Hyuk said: "Even if Sampoong is dismembered, it does not belong to me."

"Now that it's been dismembered, shouldn't the market share that originally belonged to it belong to you?"

Park Jin Hyuk stared at Lee Sang Woo intently, "Can you really tear Sam Pung apart?"

"No, it's not just me, you're also here."

"And me? How can you say that?"

"You work from the outside and I work from the inside, let's work together to push this thing forward."

"...You are just a minister of Sampoong." Park Jin Hyuk said bluntly.

"I believe you are familiar with my identity. I do have a certain influence in Sanfeng. Of course, influence alone is not enough. I want to tell you that I already hold a considerable amount of Sanfeng stock."

"Holding a considerable amount of Sanfeng stock? And yet it went undetected. Was it using a borrowed account (meaning using someone else's name)?"

"I have no comment on that."

Park Jin Hyuk nodded and said, "To be honest, after our last conversation at my father-in-law's memorial service, I learned about your situation and investigated it."

"How's it going? Although I've been missing for many years, I've been quietly accumulating strength to deliver a fatal blow to Sanfeng. Now the time has come."

"Well, I'm willing to seriously consider your suggestion."

"Thank you very much. I will go back and wait for your reply."

Lee Sang-woo bowed and said goodbye to Park Jin-hyuk, then walked out of the chairman's office.

After Lee Sang-woo left, Park Jin-hyuk immediately instructed Kim Jun-woo: "Director Kim, immediately investigate the forces within Sampoong that oppose Lee Seon-woo and see if it is possible to get those people to cooperate with Lee Sang-woo."

"Yes." Jin Junyu agreed, then said hesitantly, "Do you think Li Shangyu is strong enough?"

"Because his strength is not enough, we must find a way to increase his power."

"Remember, all of this must be done in the utmost secrecy," Park Jin Hyuk instructed. "Also, give Lee Sang Woo a copy of the Sampoong Group intelligence report you submitted to me."