I will resign and go to Australia

92 episodes. Once you have taken one step

“What do you think China believes in asking for a price cut?”

Park Sung-chan opened his mouth without any hesitation to my question.

“Of course, it is because supply is greater than demand due to the global economic downturn. At this point, except for China, there is no place that can digest the iron ore production of global mining companies.”

“Isn’t that also implying that there are only four global companies that can meet that demand? Will you meekly agree to a price cut?”

“I think I will.”

“Is there a reason?”

“As far as I know, China has been preparing to develop its own iron ore mines for a long time. Maybe they plan to take over one of the global mining companies for this purpose.”

There is a thing called China Risk.

As China’s influence on the global economy increases, if the Chinese economy slows down or imposes export sanctions, it will take on a greater risk.

Why isn’t there a saying not to put all eggs in one basket when investing?

However, since the basket of China is so large, companies have no choice but to jump into it.

And China has used that to devour many global companies.

‘If that statement is true, the strong prey must be Forescue Metal.’

Inside, Jencock is developing its own largest iron ore mine in history, and outside, China, its main customer, is looking for opportunities.

Given the high dependence on China, it will be difficult to get out of the current crisis easily.

So, in such a difficult situation, wouldn’t it have been inevitable to hold Rao Tinto’s outstretched hand?

Even if it’s a clown game that takes the place of Lao Tinto.

“Doctor’s words are true. However, there are many quality problems with iron ore from China. If the quality deteriorates, we will not be able to hold out for a while and will find a fourth-tier company again.”

“By that time, it might be the third.”

“Since you’re sure that’s the case, it seems that you have information that you have obtained separately.”

“Because China has always been that way. It’s predictable even without information.”

“Then what about this? What if Chinese companies occupy one of the four major powers and encourage Korea to export iron ore? As you know, Korea’s dependence on China is higher than that of any other country. “

“It’s not unfounded.”

“Because you’re sure of the rationale for that. I only put a spoon on the table the boss made.”

“Hahaha, I ate one bite of this. The young man speaks very well.”

Just like you are a boss, I was once a boss.

Even though I am a small business and my career is different from heaven and earth, I made a living by earning my heart.

“It’s just a light pun. I’d like to point out the main points so far and give you our opinion, is that okay?”

“Of course. Any number.”

Once the initiative has passed to me.

A light pun has changed the flow.

“I think the solution is to develop a new supplier if Bosco is not to be swayed between China and the top four in the future. For reference, we plan to have a production facility with an annual capacity of over 55 million tons, so we will be able to cover enough volume.”

“Are you going to increase the supply even when there is a global oversupply?”

“Yeah, that’s the point. Go against the market conditions.”

“Isn’t it too reckless in a situation where you don’t know how long the current recession will last?”

“In fact, the market dominance of the top four companies is solid enough to be considered a monopoly. A latecomer needs to take a risk like this in order to destroy such a stronghold.”

“But from our point of view, the profit we can get from participating in the adventure is too small. Even if the market turns into a boom, all we can get is a stable supply and demand.”

“Chairman, if the price of iron ore falls even in a recession, mining companies will start closing mines and reduce production. Then, when a boom starts suddenly, wouldn’t supply and demand be more important than price?”

“It’s not like mines can resume production right away, but there’s no excuse for a MOQ clause in the contract. It’s the same for everyone if there’s a rapid boom that can’t even be dealt with.”

“When such a situation arises, if only Bosco can produce stable production, the corporate value will increase.”

“The important thing is that all of these are assumptions. If you can’t accurately quantify it, it’s difficult to sign a contract, so I hope you understand.”

I know, that’s business.

Again, specific numbers determine everything.

– Jiying. Jiying.

Suddenly, the phone vibrated and Chun Kyung-deok turned to Park Seong-chan.

“This was unintentionally disrespectful.”

“It’s fine. Shouldn’t the boss be always in touch at any time and any time?”

“Heh heh, you seem to know this very well.”

“A little. I’m fine, so answer the phone.”

“Then excuse me for a moment.”

Park Seong-chan got up and showed the phone screen to Chun Kyung-deok.

Chun Kyung-deok saw it and silently nodded his head and gave his unspoken consent to go.

‘Who are you both so careful about?’

I went out of the president’s office and tried my clairvoyance towards Park Sung-chan, who answered the phone.

Then, on the screen, the words Choi Soo-hyeok, chief of staff, appeared.

‘Choi Soo-hyuk? Blue house?’

I see that name again.

I immediately analyzed the shape of Park Seong-chan’s lips with the reading technique I’ve been honing in the meantime.

‘Overseas… Development… Time… VIP… Expectation… Discussion…’

For now, I could only understand the words.

‘If it’s overseas or development, is it the resource diplomacy project that Koh Sang-moon talked about?’

I turned my gaze away from Park Seong-chan and looked at Cheon Kyung-deok.

Judging from the fact that the two exchanged glances, it is highly likely that he also knew about Choi Soo-hyuk.

“Angel.”

“yes.”

“When I came to Korea, I saw the news, and these days, the resource diplomacy project is an issue. They say it is led by the government.”

“Ah, yes. It is a project that the current government is strongly promoting. Director Jin is abroad, so it seems he didn’t know.”

“People must be very interested.”

“Yes. It is a fact that even children know that our country does not produce a drop of oil. I know that the media is also sending out a lot of related articles to form a positive public opinion.”

“In the company, general trading companies like Bosco International are developing overseas resources, but there seems to be no news or articles about that.”

“Because it seems that companies are leading the way to multiply the ships of the chaebols. Don’t you think that only the government-led projects should be exported and the media played so that the benefits go to the people?”

The nuance is odd.

It’s not wrong, but the word “media play” seems to be subtly sniping at the government, doesn’t it?

“Chairman, the government’s project seems terrifying, doesn’t it?”

“As Director Jin said earlier, Bosco is in a position to keep an eye on the government.”

“Haha, whatever the other person who is noticing does it, it is bound to be worthwhile.”

It’s definitely hostile.

Could it be that Bosco had a similar offer to Koh Sang-moon?

Just as GL Group has GL Trading Co., Bosco Group also has Bosco International, so it can be related to resource development.

Moreover, the two groups are both talented, but their image is cleaner than any other company.

Corruption will inevitably follow large projects such as overseas resource development, so it would be good for the two groups to come together in terms of image washing.

“Sorry to keep you waiting. Your call is long.”

“No. I had to mentally calculate the figures the Archangel said with a bad head, but I thought it was fortunate that I had time to spare.”

I grinned, pointing to my temple.

“Hahaha, I can’t stand the wit of a very young person.”

“It’s overrated.”

“Then can I hear about those figures?”

“We will cut the unit price up to 30% of the current supply. Instead, the minimum MOQ is 20% of the current usage and 70% of the final quantity is possible. For reference, according to the top secret we obtained, the top 4 companies will cut the price. The planned unit price is 25%, so please review it positively.”

This proposal is a minimum marginal line.

Since the competitor’s information was also opened, further negotiations were impossible if they refused.

“At that price, 20 or 70 is quite attractive. When will the supply be available?”

“Two years later.”

“Um? Isn’t two years too soon? At a briefing earlier, I think Jencock said that it had been less than two years since he started the development of the Louis Hill mine.”

Heh, that would be surprising.

Normally, geological exploration alone takes 5 years.

However, I shortened those five years to an absurdly short time with my clairvoyance.

“I can’t reveal the details, but the know-how of Bearfax has drastically reduced the exploration period. The technology is also sufficient thanks to the introduction of the latest mining technology called smart mining in Jencock.”

“Haha, there’s a reason Bearfax and Jencock collaborated.”

“I think I’ve given you everything you need, but how about it?”

“It is difficult to give an answer right away, so we will contact you after an internal review.”

At Cheon Kyung-deok’s answer, I was moved by Choi Soo-hyuk, who had called earlier.

“Is it because of something related to the government?”

“……?”

“Actually, there was information I got before coming to Korea. It was about the possibility that the GL Group might participate in the government’s resource diplomacy project. . If you are involved in a project of that size, it will be difficult for you to care about other businesses.”

“Heh heh, are you thinking of me?”

“I apologize if I offended you.”

“No. We have different positions and it would feel bad to that extent in a negotiating session. However, your company’s intelligence is truly amazing. I know that you have a lot of media under its umbrella, but I didn’t expect the news about Korea to be bright. “

“……”

“Actually, it is true that I received the proposal as Director Jin said. And before accepting the proposal from the Blue House, your company has requested a meeting.”

“Excuse me, are you on the scale?”

“you’re right.”

Judging from the nuances of the past, it doesn’t seem like it.

To the extent that such hostility is revealed in a business meeting, it means that he wants to turn down the offer.

Shall I try one more time?

“Are you not interested in infrastructure construction?”

I pulled out a trump card I loved.

“Because Louis Hill is located inland, the logistics infrastructure is not well equipped.”

“Has a contractor not yet been selected?”

“Yeah, so why don’t you put the construction on the scales?”

“I’d like to hear what the scale of the construction is.”

“The exact number will be announced if the archangel wants to hold our hand.”

“I don’t know how much it weighs, but you mean to put it on the scale?”

“That’s why I said holding hands.”

“If you’re going to do it, do it for sure?”

“I heard that the scale over there is over 40 trillion. At 40 trillion, it’s not enough to raise our entire Louis Hill mine.”

“Hey, one piece of information is amazing. I heard about 40 sets for the first time yesterday.”

I see Koh Sang-moon here.

“Have you decided?”

“Didn’t you say at the briefing earlier that you were going to create a PF?”

“Yes, we need to secure an investment to start full-scale development.”

“We also invest there. Bosco will raise 1 trillion won and 2 trillion won through affiliates and main banks.”

Wow, I got an unexpected 3 trillion won investment.

Lina and Henry will be delighted.

“Your hands are big.”

“Let’s take a look at that hand. How much will the construction cost?”

“The estimated amount is 7 trillion won, including port expansion, roads, railways, and plants.”

“Seven sets!? Is it that wide?”

“There are veins in the open pit mines extending inland, so maybe it will increase further.”

“Haha, let’s do better in the future.”

The two big hands shook hands with satisfaction.

‘Once you have taken a step.’