Korean TV series: King of Peninsula 1997

Chapter 634 Flag
"Secretary Li, is the president here?"

"The president is in a meeting and will be back in the office soon. Vice President Lin can wait in the lounge."

"Okay..." Lin Shiying nodded. She waited for an hour before she saw Li You walking into the president's office through the glass of the lounge. She quickly stood up and tidied her clothes. Within two minutes, Li You's secretary came over to greet her, "Vice President Lin, the president is waiting for you in the office."

"Okay," Lin Shiying nodded and followed him quickly into Li You's office.

"President Nim, this is the plan that our Elephant Group has prepared for the next use of funds. Please give us your valuable suggestions."

"Okay," Li You opened the plan. In general, this plan comprehensively revised the previous brand expansion strategy of the Elephant Group and responded to the current highly competitive market and shaky financial environment. The main purpose was to focus on the two words "stop loss" and "recovery".

"Vice President Lin is too modest," Li You nodded as he read it. "This proposal is well done and very suitable for the market situation of the food additive industry. Even if I were here, I couldn't do better."

He put the document aside and said, "I won't give Vice President Lin any valuable advice. If I interfere in something I'm not good at, I'll only make a mess. Can I keep this plan?"

"Of course, President Nim," Lin Shiying knew that he had passed this hurdle.

It only took Lin Shiying three days to submit this really good plan. Li You was not stingy and invested a sum of money in the Elephant Group to help them overcome the difficulties.

The influence of paying a fortune for a horse's bones is huge. After Li You showed that he would not swallow up the Elephant Group and only wanted corresponding dividend rights and returns, more small and medium-sized enterprises that were previously afraid of being swallowed up by the chaebols saw hope and began to approach the Kinmen Group.

This trend of small and medium-sized enterprises turning to large enterprises for help did not stop until the end of October.

Mainly, the Korean Peninsula and the country across the ocean successfully signed a currency swap agreement worth 30 billion US dollars. The Bank of Korea also simultaneously launched domestic rescue measures, including but not limited to interest rate cuts and expanded government bond purchases, forming a policy combination of "external capital injection + internal easing" to save the many small and medium-sized enterprises on the Korean Peninsula.

Due to the impact of the turbulence of the US dollar on the Korean Peninsula's financial markets and the Korean won, the Korean Peninsula government has begun to focus on the other two neighboring countries, intending to expand bilateral currency swaps this year and establish a regional financial safety net in East Asia to reduce its dependence on the US dollar.

Amid a series of massive events, Elephant Group is also getting better.

Small businesses supported by the Kinmen Group are also beginning to have hope.

When Lin Shiying came to see Li You again, it was already November.

In just half a month, the Elephant Group, with the financial support of the Golden Gate Group, has achieved "stop loss" and is now working hard to achieve "recovery" in the industry.

"Chairman Li," Not only Lin Shiying came this time, but Lin Changyu also came.

"This is our accounting details for the past half month. There is absolutely no private behavior."

By handing over this kind of stuff, the Elephant Group can be regarded as taking the initiative to let the Golden Gate Group check the accounts to prevent the funds from being wasted.

"Okay," Li You just nodded, and did not look at the documents in person. He just stamped his seal and asked the secretary to take the documents to the accounting department.

Li You thought for a while before asking, "President Lin, if we want to completely reverse the current situation of the Elephant Group, how long will it take?"

Although Lin Changyu handed over many things to Lin Shiying, he still had the deepest understanding of the situation of the Elephant Group. He knew that Li You asked this question because he was considering the second investment.

In the investment plan of the Golden Gate Group for the Elephant Group, the total investment amount is 300 billion won to be invested in three installments, and the first installment of 70 billion won is the smallest.

But the effect of this investment seems to be very good, and they came here this time to get a second investment.
After all, the Elephant Group is a relatively large enterprise. They can reverse the current situation of the group and increase the value of the Elephant Group, but the high value of the group does not mean that they can make a profit.

Lin Changyu hesitated for a while: "It may take at least a year."

"Can we return to the previous state in one year?"

"As long as the situation is better next year," Lin Changyu exhaled, "I believe our Elephant Group can do it."

Li You nodded slightly. If the Elephant Group can get out of the predicament and return to the leading position in the food industry of the Peninsula, it will indeed bring good help to the Kinmen Group. He affirmed: "It only takes one year, which is not a long time. This is already a very smooth situation."

Li You did not put a chokehold on the Elephant Group and readily agreed to sign the contract for the second investment.

"President Lin, if you have any inside information about Daying Ocean, please remember to share it with me."

Lin Changyu understood the meaning of these words and nodded solemnly.

After the father and daughter of the Elephant Group walked out of the Kinmen Group, Lin Shiying asked Lin Changyu uncertainly, "Dad..."

"President Li, do you also want Daying Ocean?"

"I don't know," Lin Changyu shook his head. "President Li has always been very ambiguous about the affairs of Daying Ocean. No one dares to say that they can be sure of President Li's attitude."

"But if President Li wants to take action against Daying Ocean, then the Elephant Group will definitely help."

Lin Shiying heard the anger in his tone. He was angry at Zhu Mengyuan for taking advantage of his misfortune.

Lin Changyu suddenly said, "Don't think that I'm just taking revenge."

"No."

Even though Lim Se-young shook his head, Lim Chang-wook explained, “What Chairman Lee is doing now is what he is doing on behalf of all of us.”

Lin Shiying did not quite understand what he said.

"During the military regime 30 or 40 years ago, and even before the Asian financial crisis 10 years ago," Lin Changyu clenched his fist, "the chaebols never dared to confront high-level politicians."

"After entering the new century, the chaebols really began to gradually become the real partners of the chaebols," he got into the car, opened the front and back soundproofing panels and continued, "but Chairman Lee is now the banner of the chaebols."

"What flag?"

"The banner of the chaebols on the Korean Peninsula. If Chairman Lee succeeds, the chaebols will rule the new era, and politicians will no longer be able to stand above the chaebols."

"Of course," Lin Changyu smiled, "I think this is still a long way off. I'm afraid Chairman Li and the politicians will have to fight for a while."

(End of this chapter)