Park Jin Hyuk said:
"When you return, tell Director Xu about today's situation. If you two can side with me, we'll secure four votes."
"Don't worry, I'll tell Executive Xu that he's also very dissatisfied with the company's current situation."
“Let us join hands to revive DS Energy.”
As he spoke, Park Jin Hyuk stood up and extended his hand to Kim Dong Seok.
Kim Dong-seok also stood up and held Park Jin-hyuk's hand tightly.
“If someone asks you something, you don’t have to explain it. Just keep silent. That will make people think more.”
Park Jin Hyuk escorted Kim Dong Seok out of the office.
*** *** ***
After Kim Dong-seok left, Kim Jun-woo walked in.
"Chairman, you said there might be unexpected guests today, but I don't quite believe it. Do you have any premonition?"
"For those who are useful to you, you should always think about what they are thinking. People like Kim Dong-seok are very dedicated to what they do. Even after the company was acquired by DS, he did not leave."
"It's clear that this person still has deep feelings for DS Energy."
Park Jin Hyuk stood up and followed Kim Jun Woo to the conference room.
In the large conference room, everyone for the meeting has arrived.
There were more than 50 people sitting inside, including more than half of the subsidiary company presidents. The scale was comparable to the DS Group's presidents' meeting.
Park Jin Hyuk said as he walked:
"It's not so much that he has feelings for the company, but rather that he's unwilling to give up his position and the achievements he's made. Of course, if you ask him, he'll definitely say that he stayed because he loves the company."
The higher a person's position, the stronger his self-esteem will be. Many executives feel that they are the heroes of the company. If the company achieves any results, it is the result of their own hard work and struggle.
"You don't think highly of his mother?"
Park Jin Hyuk walked out of the elevator and looked back at Kim Jun Woo.
"How could that be?"
"Didn't you say he cared more about himself?"
Park Jin Hyuk couldn't help but laugh.
"Director Jin, do you think the executives, including those sitting in this meeting room, put the company first and themselves second? Everyone is the same; their primary goal is to realize their own value and fulfill their own ambitions."
Jin Junyu lowered his head and thought.
Park Jin Hyuk glanced at him.
"Let's go, don't think about it anymore."
They had already arrived at the door of the conference room. Jin Junyu took two quick steps, walked into the conference room first, and announced:
"Chairman Park Jin Hyuk has arrived."
Before he finished speaking, everyone in the conference room stood up.
Under everyone's attention, Park Jin Hyuk walked into the conference room.
After sitting down, he turned on the microphone and said:
"Let's start the meeting. I invited everyone here today to discuss the problems facing DS Heavy Industries."
DS Heavy Industries holds a very special position within the DS Group.
It is the first company founded by DS Group, the DS Group's founding business, and the big brother of all its subsidiaries.
“Before we begin the discussion, let’s have a few companies explain the current situation.”
An attendant of DS Pharmaceutical President Mao Dayong stood up, walked to the front, and began to introduce the situation facing the company.
"Currently, the number of influenza patients in the country is increasing at a rate of over 500 per day, and the spread of the virus is accelerating."
Compared to other countries, the number of 500 is considered small.
The number of infections in the United States exceeds 10,000 per day.
In less than 100 days, the number of infections in the United States reached 1 million, and in less than 50 days, the total number of patients exceeded 2 million.
It is estimated that in another month, the number of infections in the United States will reach 3 million.
In Brazil in South America, the number of infections has also reached nearly 2 million.
However, the outside world believes that due to statistical omissions and intentional underreporting, the actual number of patients in Brazil is ten times this.
Most countries in the world have taken measures to close public places such as restaurants and bars.
"It is impossible to predict when the depressed economic situation will recover."
After DS Pharmaceuticals, DS Securities began to introduce the current situation.
"It is expected that international oil prices will soon fall to single-digit levels, or even negative oil prices."
Due to the stagnation of various economic activities and the reduction in travel, the demand and consumption of crude oil have dropped sharply.
In order to make up for the sharp decline in fiscal revenue, Middle Eastern countries began to increase oil production.
As a result, the crude oil dispute between Saudi Arabia and Russia, which began at the beginning of the year, has intensified.
"It's reported that crude oil inventories in Cushing, Oklahoma, have exceeded 60 million barrels. Cushing's maximum storage capacity is 76 million barrels. At the current rate, it will soon be overflowing." (Note: The size of crude oil inventories in Cushing, Oklahoma, has a decisive influence on global oil prices. The Cushing oil price is the pricing point for West Texas Intermediate (WTI) futures, the world's most traded crude oil futures contract.)
Hearing this, Park Jin Hyuk's intuition told him that the time had come to take action.
"Consumption continues to decline, which is reflected in the continued decline in sales at department stores."
Now it is DS Department Store that is introducing the situation.
"Sales fell 30% in the month before last and another 20% the month before last, bringing the cumulative sales figure down by a third compared to the same period last year."
Several companies have introduced their situations.
Park Jin Hyuk said with a serious expression:
"As everyone can see, the current situation is extremely serious, but that doesn't mean there are no opportunities at this time."
Among the businesses managed by Park Jin Hyuk, DS Communication's turnover increased instead of decreased.
The characteristic of the communications industry is that once customers accept the services of a company, they rarely switch to other companies.
Based on its existing customer base, DS Communication's IPTV business has seen explosive growth.
Driven by the increase in customers and business volume, the company's data center revenue continued to increase, achieving 300 billion yuan in revenue in one quarter. According to this trend, annual revenue will easily reach 1 trillion won, and operating profit has reached an unprecedented 30%.
If all the data centers are completed and put into use, the operating profit will exceed 1 trillion, and this business will become a standard cash cow business.
Seeing this incredible growth, a saying spread in the stock market that Park Jin Hyuk is a genius in the investment world, and any business he is optimistic about will make money.
Park Jin Hyuk said:
"But now, DS Group is facing its biggest difficulty ever, and DS Heavy Industries is facing operational problems.
Park Jin Hyuk asked Hyun Yi Soo:
"It still has no intention of giving up the Brazilian project, right?"
"Last month it provided 300 billion in guarantees for Brazilian projects, and this month it will provide another 300 billion."
To date, DS Heavy Industries has provided 1.2 trillion in guarantees to Brazilian project companies.
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