Park Jin Hyuk recovered and said, "You didn't tell me beforehand, and only told me all this when you got here. Are you planning on forcing me to comply?"
"I heard that you like to bang the table when you are angry, but I'm afraid it's not appropriate here? Now that things have come to this, you should stop being angry." Li Xianyu said.
Park Jin Hyuk said helplessly, "How are you going to explain this to Vice President Buchanan?"
"Your Excellency the President will be responsible for explaining to Vice President Buchanan." Li Xianyu glanced at the president.
The president said: "Yes, I will explain it to the US side."
"Buchanan asked DS not to take the money earned from the vaccine away, but to invest it in the United States."
"Wouldn't it be enough if Korean companies just invested that much money in the United States?"
Park Jin Hyuk raised his hands and said, "Okay, I give up. If you don't agree, I guess DS Group will have a hard time in Korea in the future."
The president said: "Why do you say that? I am not a petty person."
"It can be understood that from this moment on the government has taken over this project, right?"
"It can be understood that this project will be my last achievement before I leave office."
"Does Minister Jung Kye-young also agree to do this?" Park Jin-hyuk asked.
"I've already told him about it, and he's very much in favor of it. He even offered to call Buchanan and explain the matter."
"So that's how it is..."
"If he is elected as the next president, he will list this project as a priority project of the government."
After hearing the president's plan, every president present seemed very excited.
Buchanan is a strong contender for the next US president. After learning that he is vigorously promoting the project, everyone is eager to get involved, want to get in touch with Buchanan, and hope to benefit from it.
Park Jin Hyuk asked, "What else do I need to do for this project?"
"I suggest splitting this project into several parts, with each group responsible for one part. Everyone can play to their strengths, and then when we unite, we will be invincible." Li Xianyu replied.
"Which part does Sanfeng intend to be responsible for?"
“We intend to be responsible for the production of photovoltaic panels.”
"So you plan to acquire Company C?"
"Yes." Li Xianyu nodded.
Park Jin Hyuk said to the president, "Please let me think about it."
"Don't think about it, let's decide here today," said the president.
"You have to give me some time to think about it, right?"
"Let Vice Chairman Park think about it again, but I think we can give the media an answer today." Li Xianyu clearly meant to make the matter a fait accompli.
The president nodded and signaled to his staff to invite the reporters waiting outside in.
*** *** ***
After the New Year's Entrepreneurs' Luncheon at the Blue House ended, the content of the meeting was quickly reported.
Two days later, Park Jin Hyuk chaired a meeting of the presidents to prepare for the upcoming regular shareholders' meeting.
Qiu Guangzhu said dissatisfiedly: "Why should we give in? The transfer price of C Company's equity is very reasonable..."
Park Jin Hyuk interrupted him and turned to ask DS Chemical's President Song In Seok, "What's the situation over there?"
"Because Dongping Group got involved, we have suspended the merger and acquisition of polysilicon production companies."
"You're doing the right thing... In addition, the construction of the photovoltaic power station can also be suspended." He said to President Li Yongbin of DS Construction.
"Yes." Li Yongbin replied.
"Also, I have stopped the logistics center project."
"The logistics center project has also been stopped?" Li Yongbin pretended to be surprised.
"Well, it's stopped."
The atmosphere in the meeting room suddenly became dull.
At the end of last year, DS Group's various businesses, including some major projects, were still being actively planned and carried out vigorously, but at the beginning of the new year, for some unknown reason, they all stopped.
Park Jin Hyuk said: "The subsidiaries cannot relax their work. As for the photovoltaic project, I am already considering withdrawing."
"How can the government just take away the project you fought for?"
Xuan Yizhu also said, "Vice President, you have a good relationship with Chief Zheng. Can you ask him to mediate?"
Park Jin Hyuk said, "Commander Jung is very optimistic about this project. It was his idea to elevate it to the national level, so there's no point in telling him."
Xuan Yizhu fell silent.
"If Zheng Qiying really wanted to talk to me, she should have discussed it with me beforehand."
Qiu Guangzhu was very disappointed about losing this solar energy project. DS Electronics had originally planned to use this project to achieve leapfrog development, but now it seems that this hope will be dashed.
"Let's end today's meeting here. President Xuan and President Li, please come to my office."
After saying that, Park Jin Hyuk stood up and walked out of the meeting room, followed by Hyun Yi Soo and Lee Yong Bin.
After arriving at the office and sitting down, Park Jin Hyuk said, "The reason I invited you two here is to ask you to identify which company within the Sampoong Group is most worthy of acquisition."
"Why did you suddenly propose to acquire the Sampoong Group's company?" Xuan Yizhu felt very strange.
After a moment's silence, Park Jin Hyuk said, "Please keep the matters we discussed today strictly confidential... I suspect that before long, the development of the Sampoong Group will be in trouble."
"Will Sanfeng Group encounter difficulties?"
"Yes, it may have to sell off its subsidiaries to provide itself with financial support."
"Sampoong Group? How is this possible?" Li Yongbin looked at Xuan Yizhu with disbelief.
Xuan Yizhu thought about it for a moment and said, "I don't think it's impossible. There's no such thing as an evergreen enterprise. Even a large enterprise like Sanfeng could run into problems if it makes a major mistake in a key business."
"Sanfeng has at least tens or hundreds of trillions of financial reserves on its books. How could there be a problem of capital shortage?" Li Yongbin was still puzzled.
In fact, Park Jin Hyuk was not sure whether Sampoong would really have any problems, after all, Sampoong was too powerful.
However, at this moment, he had a vague premonition in his heart that when Sanfeng faced the struggle for inheritance rights, he might make a stupid move in a hurry.
Park Jin Hyuk said to Lee Yong Bin and Hyun Yi Su, "Even if there are hundreds of trillions of won in reserves, that's just on paper, right?"
Xuan Yizhu had been in charge of restructuring and reforming underperforming companies for a long time, so he had extensive experience in this area. He nodded and said, "After the profit distribution is completed, the actual cash left is not that much."
"If Sanfeng makes a directional mistake in the issue of succession, it is not impossible for him to get into trouble."
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