The next day, various news reports were full of news about DS Communications.
DS Communications' chairman, Park Soo-man, is suspected of violating laws, with the amount involved exceeding 500 billion won (about 2.6 billion RMB), which has caused a huge impact on the securities market.
There were rumors in the market that Park Soo-wan would sell off his shares, so the stock price continued its downward trend from the previous day.
Fortunately, Park Jin Hyuk issued a statement in time and took buying measures to curb the decline in stock prices.
Some experts believe that this effort has, to a certain extent, restored investors' confidence in DS Group.
At noon that day, the Seoul Central Prosecutors' Office held a press conference on the case.
It was pointed out that Park Soo-wan's behavior had an extremely adverse impact on the country's economic development and would be severely punished according to law.
Public opinion responded enthusiastically to this, and everyone believed that the Procuratorate had taken appropriate countermeasures and measures to deal with the chaebols.
At the same time, the media began to criticize Park Soo-wan's behavior, and through investigation, further discovered Park Soo-wan's past illegal activities.
Jin Junyu reported to Park Zhenhe:
"Current public opinion is very favorable to you."
"Well, in the eyes of the public, I almost became a victim of the crimes committed by my uncles, and public opinion always sympathizes with the weak."
Park Jin Hyuk had a satisfied expression on his face.
But Kim Jun-woo continued:
"My aunts have been calling non-stop since early this morning. What do you think we should do?"
"Don't answer the phone. If they come directly, stop them and don't let them in. What were you doing there earlier? Don't you want to think about what they did in the first place?"
Park Jin Hyuk said as he watched the news of the day:
"I only see my aunt once or twice a year, and we barely exchange a few words. They don't treat me as their nephew."
"knew."
In order to rescue their husbands, Park Soo-wan and Park Kyung-wan's wives began to move around.
She also asked Park Jun-wan and Park Jin-hyuk to plead with the government on her husband's behalf.
Park Jin Hyuk had no such thoughts at all.
At this time, Secretary Jin handed a document to Park Jin Hyuk.
"This is the performance forecast for West Airlines that you asked me to investigate."
After reading the document, Park Jin Hyuk looked up at Kim Jun Woo.
“It’s much worse than I originally expected.”
“It’s really very bad.”
"What's the reason behind this?"
"Not long after the business started, the Paris flu broke out, which dealt a heavy blow to the travel-related industries."
"But...the situation with WEST Airlines is too bad."
Park Jin Hyuk pointed to the number on the document and said:
"The half-year operating income is expected to be negative 200 billion yuan (about 1.06 billion RMB). How on earth did they manage it, and how could the performance be so bad?"
"This is my prediction based on the most optimistic scenario, and the actual situation may be more serious than this."
"Haha, you're still talking about going public this year? Don't even think about it."
“Now it’s not a question of whether to go public or not, but whether the company can survive.”
“…No wonder Director Wu was so panicked.”
Park Jin Hyuk felt funny inside. He hadn't done anything yet and WEST Airlines had become like this.
“How were our results for the first half of the year?”
Jin Junyu handed him the overall performance forecast of DS Pharmaceuticals.
"This is a relatively cautious forecast, and the actual situation may be even better than this."
"Yeah?"
Looking at the documents in his hand, a smile appeared on Park Jin Hyuk's face.
"DS Pharmaceuticals... their operating profit is projected to be 120 billion (approximately 630 million RMB). BioLogics... you think it'll actually be even better than that?"
Park Jin Hyuk looked up at Kim Jun Woo.
Jin Junyu nodded.
"I have confirmed these data many times."
"...150 billion (about 800 million RMB) in half a year, so the net profit is 100 billion (about 530 million RMB). If the actual situation is even better than this, if we can make this much money in a year, it will already be an A+. This is really exciting news!"
Although he anticipated that DS Pharmaceuticals' operating conditions would improve significantly, the actual situation still exceeded his imagination.
Among listed companies, this result will be among the best.
Yet not long ago, the company was facing the question of whether it could continue to operate.
"The investment in building a new factory has already been taken into account. If the investment in building a new factory is not taken into account, the profit will be even higher."
"It only took half a year for the ugly duckling to become a swan."
"At the beginning of the year, the production of Bidafil made the greatest contribution to our earnings. After the Paris flu was contained, demand for Bidafil began to decline. That's when North's Datongling started production, filling the gap in production."
"Well, that's exactly what I've been planning."
"If we had followed the advice of some executives and put all our production capacity into producing Bidafil, it would have taken even longer to shift production lines when we started producing Datongling, and we probably wouldn't have been able to achieve the current results."
"Those people are just talking on paper all day long, without understanding the situation or conducting on-site investigations."
In the past, whenever he had time, Liu Zhengjie would go to the factory, communicate with the people in the factory and on the production line, and understand the situation on site.
He understood that people who only knew how to take orders could not become high-level managers.
Park Jin Hyuk stood up from his seat and walked towards the meeting room.
After entering the conference room, he nodded to the executives who were already waiting there and sat down.
The meeting has begun, and the theme of today's meeting is still new drug development.
Over the past month, new drug development has been a key topic of discussion at DS executive meetings.
Recently, the company has focused all its efforts on this new business, but developing new drugs is not an easy task.
The director of DS Pharmaceuticals' research institute said:
"It looks like it will take longer at this point."
The strategic direction of new drug development has been clarified, but the institute still has many deficiencies in terms of human resources and past performance, so it is difficult to achieve decent results in the short term.
Park Jin Hyuk also expressed his understanding and asked:
“How long will it take exactly?”
"Two years."
The director of the institute looked at Park Jin Hyuk nervously.
Park Jin Hyuk turned to Mao Dayong and said:
"What do you think?"
"What the director said makes sense. Given the current R&D capabilities of the institute, it will indeed take this long."
"Is that so?"
Park Jin Hyuk looked up at the director of the institute. There was no number displayed above his head, but at some point before, Park Jin Hyuk had seen the display showing 2 billion (about 10.6 million RMB).
Park Jin Hyuk’s requirement for a team leader is no less than 10 billion. If it is 2 billion, it is okay as a team member, but it is a bit insufficient as a leader.
"Two years is too long."
Continue read on readnovelmtl.com
