After hearing what Kim Jae-hoon said, Park Jin-hyuk asked:
"How is sentencing usually determined in such cases?"
"Usually the sentence is 2 to 3 years and suspended."
Park Jin Hyuk shook his head and said:
"Isn't this what I wanted?"
"I understand. You think two or three years is too much, right?"
"No, I don't think the sentence should be suspended."
"...What do you mean?"
Park Jin Hyuk's answer surprised Kim Jae Hoon.
"How can he get a suspended sentence when he's brought such a severe impact to DS Group? This incident is bound to cause stock price fluctuations. Shouldn't an explanation be given to the vast majority of investors?"
Kim Jae-hoon looked at Park Jin-hyuk. He wanted to know whether Park Jin-hyuk was really considering the investors or had other purposes.
"When the national economy is in such trouble, they actually did something like this. I heard that Hanil Bank's money came from Japan?"
"Yes, Hanil Bank was unable to raise so much money domestically, so it illegally used funds from its Japanese subsidiary, and Vice Chairman Park also provided assistance."
Park Jin Hyuk nodded.
Kim Jun-woo has submitted the relevant information to the Seoul Central Prosecutors' Office.
"I believe these circumstances cannot be concealed. Everyone saw it at today's shareholders' meeting. If the public knew what they had done and the court gave them a lenient sentence, you can imagine how public opinion would judge DS Group and the Procuratorate, and it would also have a negative impact on the country's credibility. I will not sacrifice the interests of the country and the public for my family."
Kim Jae-hoon looked at Park Jin-hyuk and still didn't say anything.
In equity disputes like this one among chaebol families, the verdict can be heavy or light.
Such things will initially attract great attention from the public and media, and become a topic of conversation, but after a period of time, they will gradually be forgotten by people.
But this doesn't seem to be what Park Jin Hyuk wants.
Seeing that the other party was trying to figure out his true intentions, Park Jin Hyuk said directly:
"DS Group will soon release an apology, which will include its hope that national law enforcement agencies will conduct a fair and thorough investigation into this matter. You should consider what the consequences will be if the Procuratorate fails to provide 'fairness'... Furthermore, as the investigation deepens, new discoveries may emerge."
I heard Park Jin Hyuk intentionally emphasize the word "fairness".
Jin Zaixun thought:
"It seems like I'll only be satisfied if I get a 10-year sentence."
He understood the meaning of Park Jin Hyuk's words. DS Group hopes to prevent Park Soo Wan from making a comeback.
Park Jin Hyuk smiled and extended his hand to him.
"Minister Prosecutor Kim Jae-hoon, please, I'm counting on your help."
Kim Jae-hoon also held the other person's hand tightly.
"Don't worry, I will handle this fairly."
"Then I'll leave it to you."
After saying that, the two of them turned around and walked towards the crowd.
After saying goodbye to Kim Jae-hoon, Park Jin-hyuk walked out of the venue with his men.
As soon as they left the building, reporters from the media swarmed in.
These people looked even more excited than before the meeting started.
"Is it true that Vice President Park Soo-wan illegally raised funds and engaged in equity competition?"
"Excuse me, how is the raid on Hanil Bank and the arrest of its president related to this matter?"
"Vice Chairman Park is suspected of misusing company assets and neglecting his duties. Is that true?"
“How do you see the future development of DS Communications?”
Countless microphones were extended in front of Park Jin Hyuk. He lowered his head with a sad expression, took mechanical steps forward, and did not make any response.
Kim Jun-woo told reporters:
"DS Group will officially release a statement tomorrow. Please be patient."
"Did DS Group not know about Vice President Park's behind-the-scenes manipulation beforehand?"
"We don't know either. If we knew, we wouldn't agree to hold a shareholders' meeting."
"DS Telecom's share price plummeted after the news broke. What's your comment?"
Hearing this question, Park Jin Hyuk stopped and everyone's eyes and cameras were directed at him.
After giving the reporters a brief moment to take photos, he began:
"Regarding today's situation, we plan to take all measures to minimize losses to investors. We ask all investors to be patient and wait. DS Group will assume its due responsibilities."
After saying that, Park Jin Hyuk continued to walk forward.
Reporters swarmed behind him, asking question after question, but he no longer answered and got into the car directly.
"Go to Pyeongcang-dong."
Jin Junyu turned around and asked:
"Going to the main house?"
"I have to report to the president. Let me call President Zheng first."
As he spoke, Park Jin Hyuk leaned his head against the headrest and closed his eyes.
My father must have known the current situation.
However, Park Jin Hyuk was still unsure how his father would react.
If everything is within the scope of my father's expectations, then it's fine. But if it exceeds his expectations, my father's attitude will be hard to say.
"Right now, my strength is still not enough."
Previously, Park Jin Hyuk had had several face-to-face clashes with his father, but that was all within the scope of Park Jun Wan's permission, so he tolerated his son's offense.
However, this time the situation is different.
Park Jin Hyuk just hinted to Prosecutor Kim Jae Hoon that the punishment should be increased.
If this issue only involved the two brothers, Park Junwan probably would not strongly object.
However, the current situation has impacted DS Telecom, and it is hard to say how Park Joon-wan will react to it.
With Park Jin Hyuk's strength, he does not yet have the ability to challenge his father.
At this moment, Park Jin Hyuk once again deeply felt that his strength still needed to be developed and strengthened.
"Executive Director Park, President Zheng of DS Securities."
As he spoke, Kim Jun-woo handed the phone to Park Jin-hyuk.
Park Jin Hyuk straightened up and took the phone.
"It's me."
"Manager Park, are you looking for me?"
"President Zheng, thank you for your hard work! I'd like to know how much DS Communications' stock price has dropped so far."
"Affected by the news of the shareholder meeting, the stock fell 13% before closing."
"Um... As soon as the stock market opens tomorrow, please liquidate all of your shorted DS Telecom shares."
"Will it be liquidated as soon as the market opens? If I hold on for a few more days, the profit will be..."
"Now is not the time to be thinking about profits. Before tomorrow's market opens, please release a statement saying we will do everything in our power to stabilize DS Communications' stock price. Forget about the short selling. Ask the securities firms involved in the short selling operation to do the same thing. A 10% return should satisfy them."
Liquidating a short sale is effectively the same as buying the stock.
Although it is different from normal purchases, the feeling it gives to investors is similar.
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