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 441: Xuan Yizhu's high-profile return

After Zheng Qiying was elected president, the photovoltaic industry received the most support.

As the likelihood of Buchanan's election increases, South Korea has increased its support for companies and suppliers related to US photovoltaic projects, intending to establish ties with the next US government in advance.

Hyun Yi-soo returned to South Korea from the United States to report to Park Jin-hyuk.

Seeing Xuan Yizhu's tired face, Park Jin Hyuk apologized: "It's really hard work. You don't look well."

"It's okay. Although I'm a little tired, I'm mentally sound."

"Tell me about the situation in the United States."

"After several rounds of consultations with Governor Brown and his campaign team, we've initially selected Bolton Steel as our investment and acquisition target." He handed the company's information to Park Jin Hyuk. "This company is located in Michigan, and last year's sales were..."

While looking through the information, Park Jin Hyuk confirmed the value of the company.

“What is the valuation of this company?”

"The valuation is $1.5 billion. If we agree to take over all its debt and raise funds from local banks, we can buy the company for $300 million."

Park Jin Hyuk put the information on the table and said, "Okay, this is it."

Xuan Yizhu said, "Then what do you think about the entity involved in the merger and acquisition..."

Park Jin Hyuk crossed his arms and lowered his head to think.

Of course, he hopes to use DS as the acquisition entity, but that would easily arouse suspicion from Qingyu and Chengsheng.

"Is it better to hand over all the steelmaking-related business to Qingyu?"

"What's the reason?" Park Jin Hyuk looked at Hyun Yi Soo.

"Instead of spending time getting familiar with a new industry, why not hand over the steelmaking business to Qingyu, who already has experience? This way, we can focus our energy on our core business. In addition..."

Xuan Yizhu explained several reasons in succession, and Park Zhenhe nodded after listening: "Well, I agree with your opinion. Let Qingyu handle the acquisition."

Immediately, Park Jin Hyuk changed the subject: "I think you can come back from the United States because there is a more important task for you."

"More important work?"

"Serve as vice president of DS Group."

Xuan Yizhu looked at his boss and couldn't suppress his surprise.

"Things in the United States have almost been dealt with. It's time for you to come back."

"Everyone knows that I was kicked out of DS. Now I suddenly return as vice president. Isn't it too sudden?" Xuan Yizhu said.

"I'm a business owner. Can't I decide how to employ people?"

Brown has gradually narrowed the gap in support between himself and Buchanan to single digits.

Xuan Yizhu said, "I just don't know if I can do it."

"I believe you're fine," Park Jin Hyuk said. "We've done everything we need to do in the US. The rest depends on how Brown performs. From now on, I plan to no longer hide my relationship with Governor Brown."

"What if...what if he can't be elected?"

"Please trust my judgment. The sooner we publicly announce our support for him, the better it will be for DS."

Apart from people from the same party, there are not many people who have publicly expressed their support for Brown. If the DS publicly supports him and if Brown can be elected, the DS will undoubtedly become one of the biggest contributors.

*** *** ***

When the news that Xuan Yizhu was coming back to serve as vice president came out, it immediately caused quite a stir within the DS Group.

Many people who didn't know the truth thought that Park Jin Hyuk drove him away in order to establish his own authority, but they didn't expect that he would make a high-profile return now.

In the smoking area outside DS headquarters, several staff members were discussing the matter in low voices.

"I heard that President Xuan went to the United States after leaving DS."

"What are you going to do in America?"

"Isn't the US presidential election underway? The two most likely candidates are Vice President Buchanan and Governor Brown. I heard that President Xuan spent some time on Governor Brown's campaign team. It's said that he was able to return because Governor Brown re-recommended President Xuan to the president."

"Hmm? Is this true?"

"Really, I heard that some executives think it's inappropriate for him to return as vice president at this time."

As he spoke, the employee pointed to the floor where the executives were.

"That makes sense. If Buchanan is elected, what will happen to the American projects?"

"Not only are there such voices within DS, but I heard Qingyu and Chengsheng are also worried... It's still uncertain who will be elected. If Buchanan is ultimately elected, the plan to expand into the US will probably be scrapped."

"yes."

Because Park Jin Hyuk has already taken control of the management rights of Qingyu, everyone dares not express their opinions publicly, but it is different for Chengsheng.

Jin Junyu walked quickly into Park Jin Hyuk's office and said, "Chairman, Chairman Choi Jung-woong of Sungseung called and said he wants to see you."

"Okay, let's find a suitable place."

"yes."

In the luxury suite of Shinhan Hotel, a subsidiary of DS Group, Park Jin Hyuk met Choi Jung Woong.

"Chairman Choi, long time no see." Park Jin Hyuk said.

"Yes, President Park, congratulations on becoming the chairman of DS Group."

"Thanks."

After asking Chairman Choi to sit down, Park Jin Hyuk explained, "Because of the tight schedule, I chose to meet you here."

"No problem, it's easier to keep secret here."

The two presidents sent away all the secretaries who were accompanying them.

Then, Choi Jung-woong said, "I heard that Hyun Yi-soo is coming back. What's going on?"

"I guess you want to talk about this matter..."

"I know he's your confidant, but it's not appropriate to call him back at this time."

"We have completed the approval process for Xuan Yizhu's appointment."

Seeing Choi Jung-woong looking at him in confusion, Park Jin-hyuk smiled and said, "I made this decision after careful consideration."

"What if it affects American projects?" Cui Zhengxiong said worriedly.

"DS has invested a lot of energy in the US project, so we are the last one to expect any problems to occur in the US project, so please don't worry."

"Chengsheng has invested so much manpower and material resources, how can I not be worried? You should at least communicate with me in advance."

Park Jin Hyuk patiently explained, "Have you forgotten what I told you before, what is the basis for entering the American market?"

"Relationship with Governor Brown..."

But Choi Jung-woong has always been worried about whether Brown could be elected president, so he did not want to sour his relationship with Buchanan.

"...Are you planning to completely sever your relationship with Buchanan now?" Choi Jung-woong asked.

Park Jin Hyuk nodded.

"How can this be possible...?"

Park Jin Hyuk made it clear: "Choosing to publicly support Brown at this time is in our best interests."