Park Jin Hyuk continued, "Now I am using you to expose those hidden opponents. What do you think of the effect?"
Mao Dayong said: "Indeed, some people have been exposed."
Xuan Yizhu also nodded.
Park Jin Hyuk said to Hyun Yi Su, "Because our external competitors have left us with little time, we must first stabilize the internal situation before we can fight against external enemies. Before we officially compete with external enemies, we must first sort out the internal problems."
The reason why Park Jin Hyuk decided to let Hyun Yi Soo play the role of the "leader" was because of his strong appeal and his reputation within DS for not forming cliques.
Park Jin Hyuk looked at the three of them and said, "I want to tell you that the cost of Sampoong's acquisition of DS e-commerce is 5 trillion won."
"Why is it so high?" Xuan Yizhu asked in surprise.
"President Xuan noticed that the price was too strange... Yes, there are other conditions attached."
"What conditions?"
"DS abandons US photovoltaic project."
After hearing this, the three were extremely shocked.
Vice President Buchanan designated DS Group to implement the photovoltaic project in the United States, and the South Korean government also listed this project as a key project for the future. How could such a project be abandoned?
Li Yongbin said anxiously, "Why give up this project? Some Middle Eastern countries have contacted Dongjing Industry, saying they want to participate in the US photovoltaic project."
"President Li, I understand how you feel, but there are other more important things waiting for us to do." Park Jin Hyuk turned to Mao Dayong and asked, "Which company in our group is the most profitable?"
"It's here." Mao Dayong, the president of DS Pharmaceuticals, replied.
"Because of DS Pharmaceuticals' profits, DS, as a major shareholder, has made a lot of money. I've already figured out how to use that money."
"Where do you plan to use it?" Li Yongbin asked.
"You will go to Director Kim later. He will give you a document. You can only look at the document with him and cannot take it away. The contents must be kept confidential." After speaking to Lee Yong-bin, Park Jin-hyuk said to Hyun Yi-soo, "President Hyun, you will have other tasks after you step down as the president of DS Heavy Industries. Director Kim will also give you a document later. You can take it back, but you must keep it confidential from others."
Now only Mao Dayong is left, and Mao Dayong knows that the boss will also give him tasks.
Park Jin Hyuk turned to him and said, "After distributing dividends, DS Pharmaceuticals will have a considerable profit left over. You must find a way to use this money effectively. You should actively invest externally, acquire other companies, purchase the necessary patents, or use it to recruit external experts and talent."
Mao Dayong asked, "What investment scale can be considered for an M&A? Is 1 trillion won a good option? A while ago, Merck spent 500 billion won to acquire a private pharmaceutical company."
"President Mao, don't be so stingy. You can use all the money you have."
After paying out bonuses and dividends, DS Pharmaceuticals is expected to have tens of trillions of cash on hand, which is an astronomical figure.
"Wouldn't it be too conspicuous to carry out such a large-scale merger and acquisition?" Li Yongbin said.
"Don't worry about outside opinions," Park Jin Hyuk said. "We should be aggressive. Money is meant to be spent. As long as there are good acquisition targets and technologies, we should act decisively. Vaccines from other companies are also gradually coming to market, and the virus is constantly mutating. If we want to maintain our current leading position, we can't be too conservative."
"We're just worried about what the outside world will think of us?" Xuan Yizhu said.
"Do you have any opinions? Then use money to shut them up. If a company has an opinion, just look at its strength. If possible, buy it and make it a part of us. That way, it won't have any objections. We have the financial strength, don't we?" Park Jin Hyuk said.
Mao Dayong nodded to show that he understood.
"While we still have absolute market influence, we should be more aggressive. Once other companies' vaccines are on the market, even if we want to acquire other companies and external technologies, it may not be so easy. Spending money to buy technology is equivalent to buying time, which can speed up our progress. Do you understand?"
"I understand." The three answered at the same time.
"Now that you understand what I mean, go ahead and execute it immediately. I hope everyone will be nervous from the beginning of the year."
*** *** ***
DS sold its e-commerce business to Sampoong for 5 trillion won. The news immediately caused a sensation.
Most people believe that this deal is more beneficial to DS.
However, rumors subsequently emerged that DS Group had abandoned its photovoltaic projects in the United States.
Originally, the photovoltaic project in the United States was led by the DS Group. After Sanfeng and other groups participated in it, the dominant power of the project seemed to fall into the hands of Sanfeng Group.
Therefore, the outside world speculated that DS had secretly handed over the dominant position to Sanfeng, so Sanfeng Group paid a sky-high price of 5 trillion to acquire its e-commerce company.
After dinner, Park Jin Hyuk and Han Ji Yeon were sitting in the living room, eating fruit and watching TV.
The topic of DS and Mitutoyo is being discussed on TV.
The host asked the experts, "Today we heard that DS Pharmaceuticals has carried out a series of mergers and acquisitions. What do you think of this very aggressive expansion?"
The expert replied, "DS Group is already very strong in traditional industries like heavy industry and chemicals. Its recent acquisition of Dongjing Industries strengthened its position as a leader in these traditional sectors. Building on this foundation, DS Group has also achieved a new breakthrough in the biopharmaceutical field by successfully developing a vaccine to prevent and treat the Paris flu."
“…and also made a good profit.”
The expert nodded and said, "Business in the secondary industry is prone to ups and downs. In the second quarter of last year, DS Energy lost trillions of won, and the company was on the brink of survival. Thanks to Vice Chairman Park Jin Hyuk—now Chairman Park Jin Hyuk, I think—his hard work helped DS Energy turn the tide and successfully weather the crisis. DS Group has transitioned from the era of Park Jun-man to the era of Chairman Park Jin Hyuk."
Han Ji-yeon turned to look at her husband, "Is that so?"
Park Jin Hyuk smiled and shook his head, "Without the foundation laid by my grandfather and father, there would be no way we are here today."
The expert continued, "It is likely that Chairman Park Jin Hyuk intends to leverage the profits and market influence gained by DS Pharmaceuticals to realign the group's development strategy. Otherwise, he would not easily abandon the US photovoltaic project."
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