Kim Jun-woo replied to Buchanan and received a reply that the meeting time was set for that evening in a suite in the hotel where Park Jin-hyuk was staying.
Park Jin Hyuk arrived at the meeting place on time.
After entering the room and greeting each other, Park Jin Hyuk sat down on the sofa.
Buchanan said with a smile, "I welcome Vice Chairman Park to the United States and thank DS Group for its support."
"You're so kind! I was just about to visit you, but I didn't expect you to contact me first. Thank you so much."
“No, no.”
After exchanging a few pleasantries, Park Jin Hyuk got down to business: "Vice President Buchanan, you've chosen this location for the meeting. Is it inconvenient to meet outside?"
Buchanan said casually, "Of course not. Since you only have time at night, if you stay here, you won't have to run around."
"Are you unwilling to make our meeting public?" Park Jin Hyuk asked jokingly.
"Hahaha~" Buchanan laughed and took a document from the secretary beside him and handed it to Park Jin Hyuk.
After taking the document, the first thing that caught Park Jin Hyuk's eye was the number at the top of the document:
[-40 trillion (about 211.6 billion RMB)]
This was a huge negative number. Park Jin Hyuk asked with a hint of surprise, "What is this?"
"You'll see for yourself."
"Please tell me what this is first, and then I can decide whether or not I want to read its contents."
Buchanan was a little surprised. "Is that necessary? Can't you just look at it directly?"
"No, I want to hear your explanation first, and then I'll look at the documents."
Park Jin Hyuk and Buchanan were in a stalemate.
Seeing that Park Jin Hyuk had no intention of compromising, the expressions of Buchanan's secretary and bodyguard became serious, and the atmosphere in the room changed subtly.
Kim Jun-woo suddenly became nervous. This was the United States. The other side had more people and more power, but there were only Park Jin-hyuk and him here. Cold sweat broke out on Kim Jun-woo's palms.
Looking at Park Jin Hyuk again, he said in a firm tone: "Please explain it to me first."
"Does it make any difference whether I explain or not?"
"Since there is no difference, please explain it to me."
There was a reason why Park Jin Hyuk was so persistent. On the one hand, he intended to overwhelm the other party with momentum. On the other hand, he hoped that everyone in the room would know the contents of the document. If any problems arose later, everyone present would be a witness.
"Okay, I can explain it to you." Buchanan turned to his men and said, "I need to talk to Vice President Park alone. You guys go out first."
After hearing the order, Buchanan's secretary and bodyguards walked out.
Kim Jun-woo was in a dilemma and looked at Park Jin-hyuk.
Things had come to this point, and Park Jin Hyuk had no choice but to signal Kim Jun Woo to leave.
Now, only Buchanan and Park Jin Hyuk were left in the room. Buchanan said, "Vice President Park, don't worry, I won't let you suffer any loss."
Park Jin Hyuk smiled at Buchanan, waiting for his explanation.
“This is a photovoltaic project proposal,” Buchanan said.
More than 10 years ago, photovoltaic projects were all the rage. Their renewable and clean energy properties made them a potential replacement for fossil fuels, and they were therefore sought after by investors. However, for various reasons, photovoltaic projects gradually declined.
Park Jin Hyuk asked, "What exactly is it?"
"It's a full-industry chain solution from solar panel production to installation. Please take a look at the details."
Park Jin Hyuk then opened the file.
In the photovoltaic industry, each business link operates independently, but the content of this document involves a complete solution for polycrystalline silicon solar panels from production to installation.
Park Jin Hyuk asked, "What is your purpose in giving me this plan? As far as I know, DS has never considered getting involved in the photovoltaic business."
"I think if we can integrate the scattered business chains and run them under one company, it will be very competitive."
"If that's the case, you can just find a company that's already doing photovoltaic business. Why did you come to me to discuss this project?"
Buchanan sat closer to Park Jin Hyuk and said with a smile, "DS Group has made a lot of money selling vaccines. The United States alone has paid billions of dollars. They are fully capable of investing. It's actually very simple. I'll give you a list of companies, and you can acquire them."
"...Are you trying to attract investment?"
"It can be understood that attracting overseas investment and creating job opportunities is one of the main tasks of politicians."
The United States has always been self-centered and has acted very aggressively when dealing with other countries. It seems that Buchanan also behaves in this way.
"We've made money, so we should use that money to acquire American companies?" Park Jin Hyuk thought for a moment, then said, "What if I refuse?"
"I haven't finished speaking yet. If you agree to invest, the US government will provide full support."
"How should this be understood? Will the government purchase the photovoltaic products produced?"
"No, the government plans to build large-scale photovoltaic power stations in southern regions such as Texas. We will hand over such projects to DS. In addition, we will provide subsidies for installing solar panels on residential buildings to encourage residents to use photovoltaic power generation."
Park Jin Hyuk immediately said, "This kind of support isn't just for DS, it's available to all companies, right?"
Buchanan nodded. "So we've developed a special support plan for DS. We can provide land for factory construction free of charge, waive land rent during the use period, and exempt corporate income tax for the first 10 years."
This is a common method used by various countries to attract investment, and there is nothing special about it.
"In addition to the above measures, the US government also plans to establish a $10 billion R&D fund to support photovoltaic research and development. 40% of the taxes paid on the purchase of photovoltaic research and production equipment will be refunded. At the same time, the government will purchase the electricity generated by photovoltaic power generation at a preferential price."
After listening to these proposals, Park Jin Hyuk had to admit that the conditions were indeed quite generous.
In order to maintain its leading position, the United States has always provided strong support in cutting-edge industries, but this support is usually only for American companies.
Park Jin Hyuk asked, "Mr. Vice President, do you want DS to become an American company?"
"No," Buchanan paused, then continued, "I know DS Group is a Korean company, but I believe DS has plans to transform into a multinational corporation. This project may help you achieve that transition. I suggest establishing a legal entity for your photovoltaic business in the United States, just like Asahi System Integration."
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