106 episodes. look tired
After meeting with All Mining,
Do Yunho asked with a worried face.
“Vice President, are you really going to meet Forrescue Metal?”
“Why? Director. As I said before. If the contract with All Mining is lost, I’ll take Forrescue Metal’s hand.”
But the question is, is the decision too quick?
“Still, it is not confirmed that 100% loss will occur. Once on-site due diligence is carried out, it is possible to reduce costs…”
“Director General, you saw what CEO Jin said earlier. Didn’t you hear that if you can’t cut 500 billion won, return the plant to Bosco? The other person is saying that he’s angry. I’d catch them all.”
“……”
“Yeah, okay. Let’s say we succeeded in winning 6.5 trillion won. Then what would the Blue House do? We’re not going to throw in a lot of things that aren’t worth the money, and we’re not going to pay a lot of dirty things. This is a bad project.”
A situation where there are not one or two holes everywhere.
Seo Jung-soo judged that no matter how large a project that is over a trillion units, there is a high possibility that it will be in the red.
“……Yes. I was short in thought.”
“I understand your position, too. It’s not that I hate it because if I go over there, it’s going to be a boss thing.”
“No, like that.”
“No, this person. A salaryman is nothing but a return letter without work and achievements. But don’t worry too much. Once you start a logistics business with Forescue Metal, you can bid for any number of mining infrastructure projects. “
“Yes, Vice President.”
Seongsam C&T is largely divided into trading and construction.
Since Do Yun-ho is in charge of the civil engineering division, it was terrifying to transfer the construction work to the boss, as Seo Jeong-soo said.
However, since it was the decision of the superior, I could not vomit any more.
When we arrived at the meeting point, the private room of the restaurant was surrounded by security guards.
A person who appeared to be a secretary confirmed the identity, and Seo Jeong-soo and Do Yun-ho were guided inside.
There was a tall, middle-aged white man drinking coffee.
“Chairman, you have arrived from Seongsam C&T.”
“Yeah, you go out.”
As the secretary left, Seo Jung-soo held out his hand.
“Nice to meet you, Mr. Foresque. My name is Seo Jeong-soo of Seongsam C&T.”
“Nice to meet you, Mr. Seo.”
“This is Seongsam C&T Do Yunho.”
“Nice to meet you, Mr. Do.”
The three of them greeted each other briefly and took their seats.
“I don’t know what you like, so I made you do what you do best, is that okay?”
“Yes. If the menu selected by the president is definitely delicious.”
“The veal steak here is fantastic, you’ll love it.”
Serving started right away, probably because we pre-ordered, and conversations followed.
From trivial information about the other party to the Chinese connections they each have, and through this, the current position is arranged.
So, when the purpose of this business dinner came out naturally, Seo Jung-soo got lucky.
“I heard that your company is in a difficult situation due to the recent Jencock Brostacking. What do you think?”
“It’s a difficult situation… I don’t think that’s because the demand for iron ore has decreased, so that rumor has spread.”
“The market is the same, but a strong competitor has appeared, so isn’t it rumored to be the world’s largest iron ore deposit, Louis Hill?”
“Haha, what would you do with the world’s largest burial site? There must be no place to sell it.”
“If there is a place to sell? Oh, in China, the president is blocking it, so I’m talking about another place.”
“Are there anywhere other than China? Where?”
“Excuse me, can I hear the President’s answer first?”
Andy Forescue opened his mouth after taking a sip of wine.
“You know about Seongsam C&T, but the iron ore market is notoriously fierce in this industry as well. Excessive competition from numerous mining companies in the past made them even win low-priced orders. We who survived it, and Lao Tinto, Barre, and DHP. Billion has achieved economies of scale, and thanks to that, it now controls 70% of the global market. How did the fourth-tier market environment make it shaky? Do you think you would just watch it shake? Jencock has a place to sell? You will not be able to pay the penalty.”
“Does that mean that Barre, Rao Tinto, and DHP Billion also have the same thoughts as yours?”
Andy Forescue took a snack and said:
“I’m done with my answer, so I guess it’s your turn.”
“Haha, that’s right. The place where Jencock sells iron ore is Bosco in Korea.”
“Hmm… Bosco doesn’t do business with us, but they do business with the other three.”
“They probably don’t know yet.”
“Why are you telling me that? Bosco is not a Korean company. I heard that Koreans have a strong ethnicity.”
“Ethnicity doesn’t help in this business.”
Seo Jung-soo said that they took over Bosco’s project, and that there was a discord with Jencock in the process.
“Let me be straight-forward. We want to partner with you.”
“What can I gain?”
“That’s how we’ll be able to completely take down Jencock.”
Andy Forescue gestured to continue with an interesting look.
“To help you understand, I’ll explain Bosco first. You said earlier that even if you make a deal, you’ll pay a penalty and you won’t be able to do it. No matter how your existing customers, Barre, Rao Tinto, and DHP Billion, lobby, you won’t be able to break the deal with Jencock.”
“Why do you say that?”
“There are two reasons. One is that, instead of handing over the infrastructure work to us, Bosco got permission from the current government. Bosco is a private company, but the government’s influence is strong enough to be called a state-owned company. There is a person called the right arm involved, so Lobby can’t do anything about it. The second is the investment. The amount that Bosco invests in Louis Hill Holdings is about 3 billion dollars. So deep in the foot, Bosco put Jencock’s hand in it. I won’t let go.”
“Even if the investment is the same, the first reason is strange. Because of the deal between a politician and Bosco, your company will take over the construction and hold my hand? It’s not easy to understand.”
“It doesn’t have to be complicated. Would any politician cook it for you and put it in your mouth? You just force it into your mouth because it looks big and good.”
“Hahaha, so you can’t even spit it out and you have to swallow it?”
“There are circumstances where we have to do that. Anyway, if we forcibly swallow it and pretend that it is, wouldn’t it be in your company’s interest?”
“What do you mean specifically?”
Seo Jeong-soo moistened her dry lips with water and spoke again.
“If Jencock starts a deal with Bosco, he’ll have the stamina to stand up for a long time. So please take a step back so Jencock can make a deal with China.”
“If I step down? Jencock won’t sell iron ore to China either.”
“That’s the trap.”
“……?”
“Our project is an infrastructure project that encompasses ports, roads, railroads, and plants. So, wouldn’t it be necessary for us to cooperate with the iron ore of Louis Hill, which is located deep inland, to get out of the area?”
Andy Forescue asked, hiding a familiar smile.
“Are you saying that you are intentionally delaying the construction date?”
“Actually, it’s adjusting. On the date the president wants.”
“Uh-huh.”
A loud laughter filled the private room.
Seo Jung-soo could see that his answer was in the other person’s mind.
“Is this what I heard right now? If we don’t meet the construction deadline, we’ll have to pay at least $1 billion in damages. Are you willing to accept that?”
“Yeah. I’m doing a billion dollar lobby right now.”
“What is the cost of the lobby?”
“It is enough if you and Barre, Lao Tinto, and DHP Billion have at least two Asian logistics rights.”
“Not only in the Far East, but in Southeast Asia as well.”
“That’s right.”
“From what Mr. Seo says, he’s in the logistics right now, but in the future, he’ll ask you to participate in projects related to mines. Did I see it well?”
“I will prepare another good place so that you can take care of me like that.”
Andy Foresque said with a smirk.
“I will ask you one last thing.”
“Anyway.”
“If you don’t meet the construction deadline, your company’s image will suffer. Maybe you’ll never be able to undertake such a project in Australia again, and you won’t get good reviews when competing for orders in other countries. But all of that. You mean giving up?”
“It’s only $6.5 billion. The construction cost of a project that creates such a large-scale infrastructure. Moreover, the construction deadline is short. What about the construction area? There is no easy condition for either manpower or environment.”
“You have to do that to hear the voice of a professional and establish yourself as a first-class, don’t you?”
“That’s right, but it’s not the first time. It’s the first large-scale project in Australia, and if it fails, we’ll pay generous compensation. I don’t expect it to look bad.”
After finishing the answer, a wine glass came to Seo Jung-soo.
“That’s a great answer. I think I can become a good partner with you in the future.”
Seo Jeong-soo said while facing the cup.
“Thank you, Mr. Foresque.”
***
After checking the dark inside of them, I immediately went to see Henry.
When we talked about their meeting as seen by their abilities, Henry asked as if he was vague.
“Isn’t there more?”
“yes?”
“Something about the conversation that took place there.”
“No.”
“I’m sorry. If I knew what we were talking about, I would have hit the back of the head the other way around.”
“If we watch for a few days, Vice President Seo Jeong-soo and Manager Do Yun-ho, we’ll have to talk to each other or prepare documents. We’ll have to find out then.”
“Can you understand the conversations of those people?”
“Yes, I can barely understand Korean by reading alone.”
“You don’t speak English?”
“Not at all.”
It is unreasonable to catch English pronunciation only with the movement of the lips.
The words “Thank you” and “Mr. Foresque” came out so many times during the conversation that I could only guess at the end.
“Then you’ll have to refine your business English a little more, yes.”
Henry’s words brought a chill down his spine.
no way……
“I’ll give you an English teacher so you can study.”
Ah, study again!
It is true that my English is not good enough…
“Can’t we just do it with Lucy?”
“Lucy is a secretary, not an employee who does chores whenever needed. Make sure you separate your duties. This is Australia.”
Henry smiles as he sees me nodding his head.
“Don’t be so hateful. It won’t be too tight. The teacher is someone you know.”
huh? Acquaintance?
“Who is that?”
“You’ll know that when you meet, so let’s talk about what we talked about earlier. You’re saying that Seongsam C&T met Andy and was pretty friendly?”
“Yeah, that’s the general vibe. Andy was even laughing out loud.”
“Hmm, the atmosphere is good and they even gave a toast with a thank you at the end… It’s definitely suspicious. If it was Seongsam C&T, they would have done a pre-investigation before signing this contract. there wouldn’t be.”
“What is Seongsam C&T’s intention?”
“There’s too little information right now. So for the time being, let other people use the excuse that they’re sick and watch their movements around the house. Finding that out seems like a top priority.”
“Yes, got it.”
For the time being, I’ll have to live with CCTV in the corner of the room.
look tired