Chapter 230 Dongjing Industry Can’t Go On Like This



Park Jin Hyuk joked:

"I was worried that you wouldn't come to my wedding, so I brought my bride here early."

"What are you talking about? How can I not attend your wedding? As long as I have breath, I will attend."

As she said this, grandma glared at Park Jin Hyuk in anger.

Then, he turned around and said to Han Ji-yeon with a smile:

"I've been waiting for you to come."

As they were talking, they walked into the living room.

Li Zhongwu was already waiting for them there.

"You guys are here?"

He stood up and said to Han Zhiyan:

"I heard that she is President Qingyu Han's eldest daughter?"

"Hello, my name is Han Ji-yeon."

"Don't be polite, just be casual, we'll be a family from now on."

Lee Jong-woo, who was serious with Park Jin-hyuk, was very gentle with his grandson's wife.

"Come and sit down, Zhenhe, what brings you here today?"

Park Jin Hyuk was not polite and said directly:

"Did something happen in Saudi Arabia?"

Facing Park Jin Hyuk's question, Li Zhongwu hesitated for a moment, then asked:

"How did you know that?"

"I've been following developments in the Middle East lately."

"Is DS Telecom planning to expand into the Middle East market? Or is it Jianshe? Jianshe has been reducing its overseas business recently, right?"

"It was I who advised President Xuan to be cautious in conducting overseas business."

"I recently heard rumors that the DS Group might be splitting up. What's going on?"

Park Jin Hyuk could tell that Li Zhongwu was trying to change the subject, so he replied calmly:

"Let it be. I want to know why the Saudi government took back the money it invested in the National Wealth Fund."

Park Jin Hyuk did not relax and kept pressing forward.

Li Zhongwu is a person who cares a lot about his reputation. In front of Han Ji-yeon, he couldn't help but answer Park Jin-hyuk's question.

The wife sitting next to him also spoke up for Park Jin Hyuk:

"If you know anything, tell Jin Hyuk."

Li Zhongwu said meaningfully:

“It’s possible that oil prices will rise soon.”

After hearing this, a smile appeared on Park Jin Hyuk's face.

"Oil prices are rising, why are you so happy?"

"Of course I have my reasons."

"...I've only heard about this, I don't know anything more specific."

"If you have more information to share, I will also share with you the key information I have."

Park Jin Hyuk knew that he and his grandmother were in a grandparents-grandson relationship, but his relationship with his grandfather was different. If he wanted to get more information from his grandfather, he had to come up with something.

"Well... OPEC and the major non-OPEC oil-producing countries are probably going to fall out."

"So, Saudi Arabia is withdrawing its investment in the National Wealth Fund in response to a possible deterioration in relations?"

“You could think of it that way.”

Park Jin Hyuk muttered to himself:

"That means oil prices won't rise in the future. If they do, Saudi Arabia won't need to raise funds, and oil prices will fall..."

He turned his gaze to Li Zhongwu.

"Is the other party the United States?"

Li Zhongwu smiled.

"How could Saudi Arabia openly break with the United States? If it wants to maintain its current dynastic system, it still depends on the support of the United States."

The report submitted by Kim Jun-woo believes that Saudi Arabia will have differences with the United States over oil hegemony and engage in open and covert struggles.

But Li Zhongwu denied this view.

"Could it be Russia?"

Russia is one of the world's three largest oil producers (note: Saudi Arabia, the United States and Russia), and has a significant impact on global oil prices. Moreover, it is not a member of OPEC, and neither OPEC nor the United States can influence it.

Li Zhongwu still shook his head.

"I also thought it was Russia, as its relationship with OPEC has always been on and off... but it shouldn't be Russia."

"Why?"

"If the deterioration of relations between the two countries leads to a drop in oil prices, it would be most disadvantageous to Russia. Saudi Aramco's report pointed out that Russia has the highest crude oil production costs. Of course, Russia denies this view, but Aramco's conclusion is well-founded."

“…Then forget it.”

Li Zhongwu asked:

"Don't you want to know who Saudi Arabia is competing with?"

"I just need to know the trend of oil prices. As for who Saudi Arabia's opponents are, it doesn't matter to me. Why are you so concerned about this? Are you planning to do oil business?"

Li Zhongwu looked at Park Jin Hyuk and did not answer.

After a moment of silence, Park Jin Hyuk said:

"You've given me so much useful information, so I'll give you an important piece of advice."

"Hehe, what suggestions?"

“I suggest you start reducing the scale of your business.”

"Shrink the business?"

"Ongoing projects can continue, but new projects are advised to exercise caution."

"Are you asking me to emulate DS Construction?"

After the completion of the organizational adjustment, the development of DS Construction entered the fast lane.

But just recently, it suddenly stopped expanding new projects, causing the outside world to speculate whether it was because of rapid development that caused internal problems.

Now it seems that this is an active choice made by DS Construction.

"Is it because of the changing situation in the Middle East that you decided to scale down your business?"

"That's all I can say. I believe you will understand what I mean."

Although Park Jin Hyuk gave suggestions, he did not say what the basis was, which made it difficult for Lee Jong Wu to judge their rationality.

However, Park Jin Hyuk's confident attitude forced him to consider it seriously.

"Grandpa, it's getting late. I have to say goodbye."

Grandma saw them out the door.

Seeing grandma coming back, Li Zhongwu asked:

"Has Shanming not come back yet?"

"She has been coming back very late recently and is almost living in the company."

"What's the point? You're not getting to the point at all."

Although Li Shanming worked very hard, the company's performance has been declining. It was only because the company had a strong foundation that it was able to survive until now.

Li Zhongwu stood up.

"We can't go on like this. Starting tomorrow, we'll have breakfast earlier."

"Why? You're going to the company?"

"I have to go check it out. If this continues in 10 years, I'm afraid the Dongjing industry will no longer exist in the world."

"How old are you? Can your body bear it?"

"What should I do? If I had another child, I might not be so anxious... because Shanming can't do it."

"Can't you give her a little more time?"

"It's been a few years already. I don't have high expectations for her. Maintaining the status quo is enough, but the company is going from bad to worse... I really can't stand it anymore."

Li Zhongwu put his hands behind his back and shook his head.

"Does the comparison with Zhenhe make you more worried?"

Li Zhongwu did not answer, but looked into the distance.

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