Chapter 29 Yongsan's Choice

However, Mr. Yongsan, who is only concerned about stability, does not know that behind the false prosperity of many large Korean companies today, the foundations have long been rotten. If a strong wind blows, these "towering" buildings will collapse!

One of the think tank members, the older staff officer Chen Fuchen, said, "The current situation is clearly a unilateral problem of Hanbao Steel. It was their poor management that led to this crisis. Although the bank's practices are controversial, according to our country's laws, they do not violate any regulations..."

"Then according to you, how should this problem be solved next? Hanbao Steel has tens of thousands of employees. Once the crisis of Hanbao Steel breaks out completely, then what will happen next..." Mr. Yongsan looked at his staff with a complicated expression. If he had a choice, he did not want such a thing to happen during his term of office!

"...Unless the bank can come up with more funds and lend them to Hanbao Steel, only in this way can they have enough funds to buy back the stocks on the market and push up the stock price of Hanbao Steel. Otherwise..."

"The bankruptcy of Hanbao Steel is only a matter of time. By then, we will have to seek help from institutions other than banks to solve this difficult problem..."

Hearing this, Mr. Yongsan couldn't help but sigh. It was really a big joke! Obviously, in recent years, through a series of policies such as eradicating corruption and reforming policies, he tried to create a brand new Goryeo country.

During his term in office, he strongly led a series of reform policies, including the introduction of a real-name financial system, public disclosure of public officials' assets, rejection of political donations, prevention of the military's involvement in politics, liquidation of military culture, and reform of administrative regions, in an attempt to curb the vicious development of large enterprises and chaebols.

But now that such a mistake has happened, the only ones who can help him solve the problem are those guys who were suppressed and contained by him! ...

Looking at Mr. Yongsan's embarrassed expression, Chen Fuchen stood by quietly and didn't say anything more. He knew that no matter what decision was made in this matter, it would cause considerable "sequelae". As a wise man, he was only responsible for giving suggestions. Other things had nothing to do with him, so it was the wisest thing to do to avoid getting involved.

Finally, Mr. Yongsan sighed and asked his subordinates to summon the head of the Ministry of Planning and Finance. This matter must eventually come to a reasonable conclusion. It is better to suffer a short pain than a long pain. The right way is to solve the trouble as soon as possible! (Note: The Financial Commission that manages financial transactions in the future was formerly the "Financial Supervisory Commission" established in 1998. It was renamed the Financial Commission under the reform led by the Blue House in 2008. Currently, the Ministry of Enterprises and Finance manages a number of domestic companies.) …

After Zhang Junfeng and Li Fuzhen spent several hours and finally decided on the villa they liked, they returned to a restaurant near the hotel to enjoy a feast. At this time, Li Fuzhen received a call from home. Li Jianxi asked her to go home as soon as possible because there was something to discuss, and to bring her fiancé Zhang Junfeng along.

When Li Fuzhen told Zhang Junfeng about this, Zhang Junfeng, who was struggling with his beef with steak, was a little confused. "Did something happen to the Five Star Group? It would be fine if they told you to go back, but why did they drag me into this as well?"

Li Fuzhen said somewhat dissatisfiedly, "You are my fiancé now. Dad must have asked me to bring you along for a reason! Finish eating quickly and let's go together later!"

Zhang Junfeng laughed and teased, "I have to accompany you to 'deal with your family' at this time, and I can't even have a good meal. This should be considered 'overtime', right? Our Miss Li, would you like to give me some overtime pay or something to show your appreciation?"

"Hmph! Just eat your steak. I won't pay you overtime!" Li Fuzhen was so angry at Zhang Junfeng who was "money-hungry". He wanted to "raise the price" for such a thing? Impossible, absolutely impossible! ...

An hour later, Zhang Junfeng followed Li Fuzhen to the Wuxing Li family's mansion. Seeing his father and eldest brother already in the living room, Li Fuzhen quickly stepped forward to inquire about the situation.

It turns out that just today, the most well-informed secretariat received top-secret information that Hanbao Steel's financial crisis is inevitable. Domestic banks have successively rejected Hanbao Steel's requests to provide loans. The Blue House will interview the heads of these large companies in the near future to see which one is willing to acquire Hanbao Steel!

As the second largest steel producer in Korea, it has cooperation with many large domestic enterprises. For example, the shipbuilding companies and automobile manufacturing companies under Daewoo Group, Hyundai Group, Five Star Group and other companies are all long-term partners of the other party.

If Hanbao Steel collapses or is even acquired by other companies, the Five Star Group will be in a very passive situation. If Daewoo Group or Hyundai Group acquires Hanbao Steel, it will be bad news for the other two companies! However, Hanbao Steel's debt is too outrageous, with a debt of tens of trillions of won. It is simply a bottomless pit of money. From the perspective of cost-effectiveness, buying it will lock up a lot of funds and incur huge debts!

…

Li Zairong, who always behaves maturely and wisely, saw that his father was a little worried, and immediately suggested, "Dad, maybe we can meet with Zheng Taishou of Hanbao Steel. If we can reach an agreement with them before the other two groups, we can definitely take over Hanbao Steel with a very low price!"

Hearing what Li Zairong said, Li Jianxi nodded thoughtfully. This idea was feasible under the current circumstances, and even if it failed, there would not be much loss.

However, this method with a certain possibility of failure cannot make Li Jianxi completely satisfied. After all, if he fails to reach an agreement with the other party in the first place, Daewoo Group and Hyundai Group will inevitably receive the news in a short time and get involved.

When the three companies come to snatch it, the price of Hanbao Steel will likely be raised to a very high price by the other party maliciously, and the cost of winning will become even greater, which will not be worth the loss! ...

Li Jianxi glanced at Li Fuzhen who was still thinking, and found that she had not come up with any idea yet, then shifted her gaze to Zhang Junfeng.

"Junfeng, what do you think about this matter?"

There is no mistake in the poem, post, content, and read the book on 6, 9, and bar!

Zhang Junfeng was stunned for a few seconds when he was suddenly called out, then he said with a smile, "Brother Zai Rong's idea is good, I agree with it too!"

"…But if the early negotiations fail, I think we can raise the purchase price of Hanbao Steel as high as possible in the subsequent acquisition, and let Daewoo Group or Hyundai Group take over this 'hot potato'!"

(End of this chapter)