Korean TV series: King of Peninsula 1997

Chapter 586 A blessing in disguise

Busan City Hall is also very busy now, holding a press conference to actively study the placement and reemployment plans for the unemployed.

City councillors and politicians from Busan should come forward to appease the people and promote positive things. Things that are not conducive to unity should not be said.

Busan's acting mayor Jiang Changyuan just felt that he had shouldered a heavy responsibility, and even his shoulders ached from carrying it.

After Li Lianchang finished the meeting at the Blue House, he also called the "insider" Li You, hoping to find out some inside information among their chaebols.

Li You did not hide it, but told the situation to Li Lianchang.

"So Zhu Mengyong has been planning for the past two years to make Daying Ocean's losses worse and worse?"

Li Lianchang, who finally got the news from Li You, is now frowning.

"That's right," Li You said calmly. "If Zhu Meng never did these things, even if Zhu Mengyuan was a business idiot, he could still delay the Daying Ocean incident until ten years later."

"Then Zhu Mengyong did this," Li Lianchang said, not understanding why Zhu Mengyong was so ruthless. "Daying Ocean is destined to continue to suffer losses for many years to come."

"Even if he gains control, it will be the same, right?" Li Lianchang sighed. "Now that the matter has been exposed, if the fight continues, the influence of the dispute over management rights within the chaebol family will be further expanded. Isn't our shipping industry on the Korean Peninsula doomed to suffer a great loss?"

After a pause, Li Lianchang narrowed his eyes and asked, "So the Busan mayor incident a while ago was used as an exchange to prevent you from going after Daying Haiyang?"

"That's right," Li You gave an affirmative answer.

"Isn't this the same as raising a tiger to harm yourself?" Li Lianchang not only did not understand Zhu Mengyong, but also did not understand Li You. "How can a mayor of Busan compare with an industry leader like Daying Ocean?"

"Raising a tiger to bring harm?" Li You smiled silently in front of the phone. If Zhu Mengyong knew how heavy the losses of the shipping industry and Daying Ocean were during the financial crisis, he would definitely turn around and run away, even if Daying Ocean was almost the pillar of shipping on the Korean Peninsula.

"It can't be considered as raising a tiger to cause trouble. Daying Ocean is now just an empty shell with holes all over it. It may not be a good thing for me to get involved rashly." Li You did not reveal anything about the financial crisis to Li Lianchang.

"Besides, during this battle, Zhu Mengyong has sufficient knowledge of Daying Ocean, and his internal connections can grasp the situation at any time, and can make the best plan for various situations," Li You fooled Li Lianchang, "If I want to take over Daying Ocean, I might get stuck in a quagmire."

"We have not yet fully digested Shunyang, so we are not in a hurry to expand any further."

Li Lianchang frowned, feeling that something was not right. Unfortunately, he was just on the phone with Li You and could not observe Li You's expression in person. "Since Chairman Li and Chairman Zhu have their own interests divided, I think you both know it, so there is no need for me to say anything more."

"But I also have some questions, and I would like to ask President Li to answer them."

Li You smiled softly, "Please speak, Mr. President."

Li Lianchang said solemnly: "Based on the situation in Daying Ocean, Blue House, do you need to intervene in Daying Ocean?"

"No matter how detailed the information is, I still think that Chairman Li's suggestion is more objective," Li Lianchang said sincerely. "I am now in the last year of my term, and I don't want the industry to collapse this year." "For now, I don't recommend that the Blue House, or even any overly large political forces, interfere in the affairs between Daying Ocean and Daying Group."

Li You looked out the window at the late winter Seoul. "I think the data from the investigation by the relevant departments has been placed on the President's desk. From any direction, the long-term accumulated deficit of the Daeyang Ocean is shocking, and it is not something that the Blue House can normally remedy."

"This is not a problem in recent years," Li You said frankly. "It is normal for large enterprises to have debts. People would even worry if they had no debts, but that was based on good operations. Daying Ocean could definitely afford it in the early years, but now its profits and industrial structure are problematic.

Except for Zhu Mengyong, anyone who intervenes will be stuck in the swamp and unable to extricate themselves, because Daying Ocean's industrial structure is too special and there is no substitute on the Korean Peninsula.

My Kinmen trade is mainly trade, supplemented by logistics; while Daying Ocean is logistics and shipbuilding go hand in hand, and the two wheels must move forward together. "

While Li You was speaking, Li Xuexi, who was called before answering the phone, sat down next to Li You obediently. Seeing that there was nothing in his cup, she took the initiative to make tea.

Li You reached out and stroked her head, and continued, "The Blue House can allocate funds to support it for a period of time, but what will happen next? Without a suitable transfer direction and good business conditions, how can we attract investment and make profits?
Just because it is Busan's pillar industry, should we continue to support it at the expense of the country's money?"

When Li Lianchang fell silent, Li You pinched Li Xuexi's cheek and said, "But just because the Blue House can't do something doesn't mean others can't do it."

"I just don't plan to do it now because it's really not the right time yet."

Li Lianchang stared at the phone on the other end of the line, frowning. He was confused, "Is Li You hinting to me that he will take action against Daying Haiyang in the future? But if he misses this opportunity, how will Li You find the next golden opportunity?"

Just like what Li Lianchang was thinking, Li You said softly: "Mr. President, sometimes what seems like a once-in-a-lifetime opportunity may turn out to be a bottomless abyss."

"There is an old Chinese saying, 'A blessing in disguise'. Mr. President, do you understand?"

Li You said this lightly, but when Li Lianchang heard it, it caused a storm in his mind.

Li You didn’t look down on Daying Ocean at all, but he was not satisfied with Daying Ocean!

There is a big pit in Daying Ocean, and he wants to use this pit to dig the Daying Group into an abyss!

Li You wants Daying Group!

Although no one knew what kind of trap Daying Haiyang had, and even Zhu Mengyong, the chairman of Daying Group, hadn't noticed it, Li Lianchang didn't believe that Li You was being mysterious.

Li Lianchang was silent for a few seconds, pretending not to hear these words. "Chairman Li, there is really no need for you to get involved in Daying Ocean's affairs. After all, it is now the largest chaebol on the Korean Peninsula. As long as it continues along the current path, it will only become more and more powerful."

Seeing that Li Lianchang didn't respond, Li You knew that Li Lianchang understood. He smiled and accepted Li Lianchang's "praise" and awe, "Yes."

(End of this chapter)