Kim Dong-seok continued, "So I would like to make a suggestion: we should adjust our business strategy until consumer confidence recovers."
"Adjust business strategy? How?"
"We will decisively increase crude oil purchases to cope with the potential increase in demand next year."
"How much crude oil inventory does DS Energy have? Counting the amount that has been ordered but not yet delivered."
"There are still 20 million barrels left, which is only enough for 200 days."
Park Jin Hyuk thought for a moment and said, "DS Energy can make its own decisions on matters like this. We are not allowed to discuss this here..."
"The reason I brought this up for discussion is that DS Energy is currently short of funds and needs support from other sister companies."
"Hmm..." Park Jin Hyuk nodded and looked at Hyun Yi Soo.
"DS Heavy Industries is the parent company of DS Energy. Can you provide financial support?"
"We are currently adjusting our business and personnel, and I'm afraid we don't have the ability to do so right now," said Xuan Yizhu.
"What about other sister companies?"
Park Jin Hyuk looked at the others, but no one responded.
Everyone knows that the funds required by DS Energy are not a small amount, and everyone has already witnessed the losses caused to DS Energy by Park Junwan's wrong decision. Therefore, even if there is spare capacity, no one is willing to take the risk.
Park Jin Hyuk said, "Don't you all have this ability?"
Seeing that no one responded, Park Jin Hyuk said to Lee Yong Bin, "Deputy Director Lee, which subsidiary do you think can help DS Energy?"
"DS Energy needs between 3 trillion and 4 trillion yuan in funding. DS Pharmaceuticals is probably the only subsidiary that can come up with that much money."
"Can DS Pharmaceuticals come up with so much money now?" Park Jin Hyuk asked Mao Dayong.
"We do have money on our books, but we just acquired a CMO (contract manufacturing organization) in the US and still have outstanding payments. Furthermore, we are planning to acquire pharmaceutical manufacturers in Europe and Asia, so we can't use the funds in our accounts for other purposes."
Park Jin Hyuk turned to Kim Dong Seok and said:
"It seems borrowing from other subsidiaries won't work... And don't even think about borrowing from creditors. DS Energy's debt ratio is already very high. I suggest we wait and see... Please ask the Business Strategy Office to study this issue, as well as the vaccine logistics issue I mentioned earlier. This concludes today's meeting."
After saying that, Park Jin Hyuk stood up and walked out of the meeting room.
Seeing Park Jin Hyuk leave, the presidents in the conference room couldn't help but breathe a sigh of relief.
Then, someone said to Kim Dong-seok:
"President Jin, although I'm not in the oil refining business, I think your suggestion is correct."
Kim Dong-seok replied ambiguously, "Now we have to think about next year. I guess it's the same on your side, right?"
Others also expressed their opinions.
"Plans for the refining business must be forward-looking. The director hasn't commented on your suggestion. I don't think that's right."
"Yeah, this makes it very difficult for DS Energy."
"The refining business has the potential to become a cash cow. Surely the director doesn't know that?"
"Yes, that's DS Energy. If we had lost 3 trillion, we would have closed down long ago."
"DS Energy will have a hard time next year?" a president said to Kim Dong-seok.
"Yeah." Kim Dong-seok smiled and shook his head.
In fact, this is just a play performed by Kim Dong-seok and Park Jin-hyuk.
DS Energy has already purchased a large amount of crude oil from Park Jin Hyuk at a low price. DS Energy's operating indicators will improve significantly next year and the year after.
Kim Dong-seok knew that his role was over, so he quickly packed up his things and walked out of the meeting room under everyone's gaze.
Looking at Kim Dong-seok's departing figure, Jung Chan-yong said, "I'm afraid I have to go back and make some preparations."
Hearing him say this, everyone's attention was focused on him again.
He continued, "Because DS Energy is internally weak, some investment institutions may take advantage of the opportunity to buy and sell short, so I have to take precautions."
"Oil prices have stabilized. Will anyone still short sell?"
"Market demand has not yet fully recovered, President Hyun, DS Heavy Industries may have to make some preparations." Zheng Zanyong pulled Hyun Yizhu into the show.
"We are already making preparations."
As they spoke, the two smiled at each other.
*** *** ***
In the courtyard of Pyeongchang-dong, Park Jin-hyuk is inspecting his new home.
Compared to when my father was here, there have been a lot of changes. Many places have been renovated and look more fashionable.
Aunt Zhang came forward and said, "Master, are you satisfied? Madam has put a lot of effort into this."
Han Zhiyan said from the side: "No, I didn't do anything, you are the one who worked the hardest."
"You're so polite. This is what I should do. You guys can look around. I'll go back first."
After saying that, Zhang Ma walked into the house, leaving only Park Jin Hyuk and Han Ji Yeon in the courtyard.
They strolled to the small garden in the corner of the courtyard, and Han Zhiyan said:
"Auntie Zhang said these flowers and trees were planted by your mother, so I didn't touch them. I want to wait until spring to plant some azaleas."
Park Jin Hyuk didn't say anything, just nodded continuously.
Although he had never seen his mother, looking at the flowers and trees in front of him, he could somewhat feel his mother's presence.
"Thank you for your hard work." He said to Han Ji-yeon.
"What's so hard about it? Didn't you say this place represents DS? I have to manage this house well so that you can manage DS Group with peace of mind."
"The servants' quarters have been renovated as well, right?"
"Needless to say, it's all upgraded to a new level. Aunt Zhang and the others are very satisfied. Let's go take a look inside the house."
Han Ji-yeon accompanied Park Jin-hyuk into the house, and there were many changes inside the house.
"I carefully selected the marble on the floor. How is it? Are you satisfied?"
Park Jin Hyuk looked up and found the person he wanted to see standing at the door of the living room.
Han Ji-yeon also saw Park Ruien and immediately walked up to her: "You are here, I thought you went out..."
"The owner of the mansion is here. As a temporary resident, you should at least come out to show yourself." Park Ruien said coldly.
Han Zhiyan still had a smile on her face. "That's right, my sister is living in my brother's house, how can it be said that she is just renting it?"
"Sister-in-law, do you really regard this place as your home?"
"Didn't you just say that your brother is the owner of this place? Why has he changed his mind now?" Han Ji-yeon retorted indirectly.
Park Ruien sneered: "They say that husband and wife will become more and more alike. It seems that this is true. You are talking more and more like my brother now."
"No, I'm still far away."
Park Jin Hyuk tried hard not to laugh and walked towards Park Seo Eun.
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