What is unexpected is that the Daming Group, which had originally given up, first provided 200 billion in funds to WEST Airlines.
As a result, WEST Airlines' corporate bonds (ABS) were successfully issued.
At the same time, the government began to buy its maturing corporate bonds and implemented a series of assistance measures, including encouraging creditor groups to extend their maturing debts, providing guarantees for their claims, and providing unsecured, low-interest loans.
Kim Jun-woo reported to Park Jin-hyuk:
"…To help revive the aviation industry, the government has also implemented tax relief measures, including large-scale government subsidies and exemptions from aircraft property taxes. It seems West Airlines will not go bankrupt. Director Wu has achieved his goal."
"I think her purpose is probably more than that."
"What do you mean?"
"Support like debt payment guarantees, extended debt maturities, and policy subsidies can be obtained simply through the DS Group's promotion... Is there any movement from the Pyeongchang-dong family?"
"No, Director Wu has been busy preparing for his daughter's engagement ceremony."
"What about DS Corporation?"
"There's still no movement."
"That's strange."
Park Jin Hyuk lowered his head in thought.
"Chairman, the meeting is about to begin."
"Let's go. Today is the last meeting. We can't be late."
*** *** ***
Park Jin Hyuk and Kim Jun Woo walked into the meeting room.
Today is the last new business discussion meeting. Based on today's evaluation results, the executives' stay or departure will be decided, so the executives are very nervous.
As the heads of each business unit, executives began to report one by one.
After listening to the reports from the Media Business Department, Product Planning Department and other departments, Park Jin Hyuk felt dissatisfied.
"The last department to report to is the Internet Division."
Park Jin Hyuk took a look at the person who came out to report. It was not the director of the business unit, but a new face.
The key point was the value of this person's head, which surprised Park Jin Hyuk.
"25 billion (about 130 million RMB)? There's someone here worth 25 billion?"
This person's value is higher than the sum of all the executives present.
"Hello everyone! I'm Kim Jung-jin, the director of the 1st Business Unit of the Network Division. Today I'm reporting on behalf of the director."
Park Jin Hyuk watched him with interest.
"We conducted a comprehensive investigation and research into the development trends of overseas telecom businesses and found that most overseas telecom companies are basically independent telecom companies, unlike in our country, where telecom companies are affiliated with large corporate groups and have the support of these groups."
At first, Director Kim Jong-jin was a little nervous, but gradually relaxed.
"So, our starting point for looking for new businesses is businesses that are difficult for overseas telecom companies to develop and require a lot of capital investment."
In his heart, Park Jin Hyuk agreed with Kim Jung Jin's point of view, especially after investing in Asahi System Integration, he had a personal experience.
"Many overseas telecom and software companies need to continuously invest in building infrastructure during their development. However, independent telecom and software companies face certain difficulties in this regard. As a breakthrough, our new business plan is to build a data center platform."
Having said that, Kim Jung-jin glanced at Park Jin-hyuk.
He was observing Park Jin Hyuk's reaction to his proposal.
However, Park Jin Hyuk remained expressionless.
He continued:
"With the continuous increase in data volume, the demand for data centers is growing. Some search engine companies have invested in building their own dedicated data centers, but with the exception of a few, most telecom and internet companies do not have the ability to build their own data centers and can only rent external data centers. Therefore, there is a huge demand for this project."
Some executives shook their heads at this.
"We already have more than 10 data centers. Is it necessary to build more?"
Kim Jong-jin replied:
"The data centers we already have are relatively small and can only meet our needs. The data centers I'm talking about here are those that can store large amounts of data and provide external leasing services."
Hearing this, Park Jin Hyuk spoke.
"It's a very interesting idea."
This is the first time Park Jin Hyuk has expressed interest in a new project.
"What's the budget for building this large data center?"
"Construction costs are approximately 150 billion to 200 billion yuan (about 1.1 billion RMB), and equipment investment is two to three times the construction cost. Add to that operating costs such as electricity and cooling, and the cost of building a large data center is about 1 trillion yuan (about 5.3 billion RMB)."
After hearing about the 1 trillion yuan investment, the executives all shook their heads.
But a smile appeared on Park Jin Hyuk's face.
Because he saw the fleeting value in this business plan.
[60 trillion (about 318 billion RMB)]
This project is in line with the new business ideas proposed by Park Jin Hyuk and is a project that will not generate vicious inventory.
Moreover, once a contract is signed with a client, it can last for several years.
"At present, other companies have not yet set foot in such projects. If we do, we should win by scale. We can build according to the investment scale of 1.5 trillion yuan to seize more market share."
The executives were surprised to see Park Jin Hyuk approve of the project.
One executive objected:
My dear, there is more to this chapter. Please click on the next page to continue reading. It will be even more exciting later!
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