Chapter 107: Setting the battery business as the core business of DS Group



After hearing his father's words, Park Jin Hyuk shook his head.

"President, why did you use the cards in my hand to help Director Wu?"

Just now, he was calling mom and dad, but now he calls them the president and Director Wu.

Park Junwan noticed the change, but now he had no time to argue with his son about it.

The Ministry of Health and Welfare is reportedly preparing to announce that harmful substances have been found in Hansung Pharmaceutical's products.

If this continues, not only Hancheng Pharmaceutical, but the entire Hancheng Group will face a devastating disaster.

"I need to help Hancheng Group, so I need to borrow the cards in your hand."

"Want to help Hancheng Group?"

Park Jin Hyuk turned his gaze to Wu Ruiying.

"I'm not broad-minded enough to help someone who's always been causing me trouble. Touching someone's heart by repaying kindness with kindness is probably something that only exists in novels, isn't that right, Director Wu?"

As he said this, Park Jin Hyuk had a smile on his face.

Seeing that his son refused to cooperate, Park Junwan slammed the armrest of the sofa.

Bang!

Wu Ruiying was shocked.

Park Jin Hyuk also turned his gaze to Park Jun Wan, but his expression was very calm.

Park Junwan coughed twice.

"Hmm, hmm... We can't just watch Hancheng Group get into trouble. I'll plead with the government, and you can also speak through the Ministry of Health and Welfare."

"President, I don't have the cards you mentioned, and I have never asked the government to take action against Hancheng Group."

Wu Ruiying pointed her finger at Park Jin Hyuk's nose and shouted:

"You didn't tell me? Do you think I'm a fool? Who is spreading rumors that Hancheng Pharmaceuticals affected the production and supply of Bidaphil? And you still want to deny it? ... You must clarify this matter with the government."

Park Jin Hyuk remained calm.

"In that case, I admit I said that. But am I wrong? Wasn't it Hancheng Group that filed the lawsuit to force DS BioLogics to stop production? The government couldn't just watch BioLogics stop production, so they took measures against Hancheng Pharmaceuticals..."

Park Jin Hyuk glanced at Wu Ruiying and sneered:

"If Bio Logics ceases production, can you bear the responsibility? Now, neighboring countries are waiting for Bidafil's emergency aid, yet someone is hindering production? Neither Hancheng Group nor DS Group has international influence yet, but their future business must expand overseas... Everyone knows that Hancheng Group and DS Group are relatives... Aren't you afraid of what others will say by protecting them like this?"

Park Jin Hyuk looked at his father again and said:

"That's why the government took action against Hancheng Group, not because of anything I said. I don't have the cards you mentioned. I helped the government in a time of crisis, and they are of course grateful. But you want me to intercede on behalf of Hancheng Group? Because of the flu epidemic, the government's approval rating has dropped to 20%. Not only did Hancheng Group not help the government overcome the difficulties, it also added fuel to the fire. You want me to intercede on its behalf? If things go wrong, DS Group will be implicated as well!"

"Hancheng Group is your grandma's home!"

"My grandma's family is not Hancheng Group, but Dongjing Industry!"

Faced with Wu Ruiying's hysteria, Park Junhe also shouted.

Park Junwan looked at the two people who were looking at him coldly and shouted out the door:

"Is Butler Jin here?! Come in and accompany the lady out."

“President, no, husband, you want me to get out?”

"You should go out for a while. You're not calm enough."

"I'm not calm? What about him? He caused all this, and he wants me out?!"

Butler Jin came in and helped Wu Ruiying up.

But Wu Ruiying broke free from him.

Park Junwan said to her:

"You'd better go out. It's impossible to talk calmly with you around."

"I will never forgive..."

"Don't go too far! I say again, if you're wasting time arguing here, you might as well get back to your government work."

Park Jun-wan and Wu Ruiying were not wrong. It was indeed Park Jin-hyuk who instructed to turn Hancheng Group into what it is now. However, if it was the government's spontaneous action because it was dissatisfied with Hancheng Group, no one else could say anything.

A middle-aged maid also came in and together with Butler Jin, half-supported and half-dragged Wu Ruiying out.

Park Junwan took out a cigarette from the stone chimney on the table and lit it.

After taking a few deep breaths, he said:

"You think Hancheng Group is my wife's family, so I have to help them, right?"

"I also want to ask, why do you have to help Hancheng Group?"

"Indeed, whether Hancheng Group is good or not has nothing to do with us."

"Then why did you sell BioLogics to them?"

"With your intelligence, you should be able to see the reason."

Park Junwan said as he flicked the ash into the ashtray.

Neither of them spoke anymore, letting the cigarette smoke slowly dissipate in the air.

After a while, Park Jin Hyuk said:

"Are you interested in the duty-free shop operating rights held by Hancheng Group?"

Through Kim Jun-woo, Park Jin-hyuk learned that the operating license of the duty-free shop was transferred between Hancheng Group and Qingyu Group not long ago.

"That's not what I'm looking at."

"Then I see, you are thinking of expanding your chemical business."

Park Jun-wan once mentioned that he wanted to expand the chemical business.

"Qingyu has been implementing a business diversification strategy, while we have been focusing on our business. That's why I plan to give up construction and pharmaceuticals. Don't you know all this?"

"Yes, you told me so."

"To run a business, one must understand the importance of focusing on the core business while letting go of the smaller ones. After all, human energy is limited, so I plan to give up all non-core businesses, such as construction, pharmaceuticals, and even communications."

DS Group's annual revenue reached 80 trillion won (approximately 423 billion RMB).

Of the annual revenue of 80 trillion and profit of 4 trillion (approximately 21.2 billion RMB), heavy industry now accounts for the bulk, with chemicals and finance accounting for the majority of the remaining portion.

Although the communications business has brought good cash flow to the DS Group, because the business scope is limited to the domestic market and under the fierce competition from other companies, the room for improvement is ultimately limited.

The situation in construction and pharmaceuticals is even worse than that in the electronics business.

"The heavy industry business is relatively stable now. What will be the next key business? If your grandfather hadn't given up the automotive business, I would have chosen it. Unfortunately, it no longer exists."

As he said this, Park Junwan spread his hands.

"I've been thinking about this question for the past few years, and now I finally have the answer: the battery business. That's why I've started to scale back my business and prepare to concentrate my efforts on developing the battery business into our core business."

"Battery business?"

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