The Chaebol Who Flies From Space - Chapter 93



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The Tycoon Who Flies Into Space Episode 93

Episode 93 New Genetic Development (1)

After finishing my oil futures investment, I spent a few days lounging around the house.

Even though Ariel helped me balance my body, I felt tired without realizing it and even after eating and sleeping repeatedly, my fatigue did not go away.

After spending a week like that, I finally felt my fatigue go away.

“You’re still young and this is how you are. What will you do when you get older? Are you not doing your job properly?”

[It seems like it’s not physical fatigue, but mental fatigue that has built up. The mysterious role of human psychology has not been properly analyzed even in the future. I can’t help it.]

It may seem like I’m making excuses for not being able to do my job properly, but I’ll let it go.

“I’ve worked hard up until now to build a solid material foundation, so I think I should focus on other things from now on.”

Even though I had amassed a fortune close to $200 billion, it felt like I had only just laid the foundation.

[Didn’t you say you were going to take a break for a while?]

“I tried playing around and realized I couldn’t do it. So I decided to try doing something I like.”

[What do you want to do in the future?]

“I’m going to try developing the oil fields a bit more. They say oil prices are going to go up in the future. We need to develop the oil fields now so that we can increase production when the prices really start to go up.”

[There are many things that go into developing a new oil field. There is also a way to simply acquire shares of the oil field that has already been developed. Even in the case of oil fields in the North Sea that are closed due to exhaustion, additional oil field development is possible through technological development.]

Genetic development usually takes two to three years at the earliest.

Since it costs a lot of money to drill a single borehole, the location is determined through repeated exploration.

It also takes time to build facilities to extract oil, and it basically takes 4 to 5 years to develop oil.

But I am different. I can accurately designate the drilling location through precise geological surveying and own a shipyard that builds production facilities, so the oil field development time is dramatically faster. If we proceed as quickly as possible, it is possible to go from exploration to drilling to full-scale production in one year.

“I don’t think something like a stake acquisition would be fun, and I think it would be better to develop new oil fields. What about South America? I see there’s a country called Guyana. It’s next to Venezuela. Judging from the geological information sent from the satellite, it looks like there’s a good chance.”

[Venezuela? That country also has a lot of oil reserves. The oil is heavy, so it is difficult to refine, but its estimated reserves are one of the best in the world.]

“Yeah, if you look at Guyana next door, I think there might be some genetic material there.”

Genetics doesn’t come from random places. Although humans artificially divided the country into units called countries, the natural geological structure did not change from country to country.

If there were huge oil fields in a neighboring country, there was a high probability that the neighboring country would also have oil fields.

Guyana is a small country with a population of 800,000, but it is by no means a small country. Most of it is undeveloped jungle, so it is not economically viable.

[Guyana’s Essequibo region, where there is a high probability of having genetic resources, is a territorial dispute with Venezuela. It is an area that Venezuela continues to claim as its own territory.]

“It’s a conflict zone, so if I go in and develop oil fields, it’ll be noisy.”

[What can they do about it? The Hugo Chavez regime in Venezuela is branded as an anti-American regime, so if they rashly take military action, they will be destroyed.]

“What is the estimated reserves in the area?”

[We will have to do more exploration to find out, but based on the information we have so far, there are at least 10 billion barrels buried. Politically and militarily, the difficulty of developing the oil field is much lower than in Iraq.]

“So what you’re saying is that Venezuela is claiming that it’s their land, but they won’t actually be able to exercise their power.”

[Yes. Isn’t it showing the US military destroying Iraq in real time? Even if Venezuela had been thinking otherwise, they would have been shocked by this war. Venezuela boasts that its army has 300,000 troops, but the actual number is low. The problem is Guyana. Of the 800,000 population, 80% are illiterate and public security is very poor. It’s almost like there is no army.]

“This is why Venezuela is taking it lightly and picking a fight.”

[Because it’s that bad. In addition, the Essequibo territorial dispute dates back to the Spanish and Dutch colonial era, so it has a very long history. It’s not a problem that can be easily solved. Up until now, it’s just a region with dense forests and no economic value, so there’s been a territorial dispute since long ago, but if oil fields are developed in the Essequibo region, it will have economic value, so a full-scale dispute will begin.]

“If genetic material is developed in Essekibō, it will become really noisy.”

Power speaks louder than words. If a full-blown conflict begins, we may have to risk military conflict.

“Let’s send an exploration team to the Essequibo area for a detailed exploration. If there are large reserves, let’s think about it again. How is the oil exploration in the South Pacific region that I mentioned before going?”

[Oil was discovered off the northwest coast of Micronesia, but the estimated reserves are small. It is an oil field of 1.2 billion barrels.]

The scale was much smaller than expected.

“If you develop that much, where will you use it? If you give it away here and there, there won’t be anything to eat.”

[After drilling, developing the oil field won’t be that difficult.]

“The development difficulty is low?”

[The location of the oil field is in a shallow water area. Moreover, it is an open sea area, so no one can raise an objection.]

Then it was a different story.

“There is no room for nearby Micronesia to cause trouble?”

[It is a country with no military power at all. We need to explore Nauru again for additional oil development.]

“I wish the genetic scale was a little bigger.”

[If we explore the surrounding area in detail, we will find several more oil fields of this size.]

“How many more are there? Even if we start development now, it would take about two years to start producing oil?”

[Yes, this is when oil prices really start to rise. The timing is good when full-scale production begins.]

“Guyana should proceed with offshore oil field development rather than onshore oil fields with many disputes. Micronesia should also send a Herr exploration vessel to conduct a detailed exploration. What happened with the acquisition of Gyeongin Energy?”

[The purchase is complete and the facility is being expanded. Internally, the expansion is at a maximum of 200,000 barrels per day.]

“Even if you want to expand, you don’t have the space?”

[Because the Incheon area is developing quickly, Mokpo would be a good place to build additional facilities.]

“There was talk about it before, but it stalled due to environmental issues.”

There was a large company that tried to build an oil refinery in the area that was the former president’s political base, but it was thwarted due to environmental issues. As the controversy dragged on, the factory was built in the Yeosu industrial complex.

[This time, the situation is different. Since it is the same as building a refinery at Seohae Oil, which has oil fields, there are few complaints. Since there are no large factories in the Mokpo area, there are some aspects that are neglected, so the local community will welcome it. The number of people employed when the factory is built is thousands. Who would dare to oppose a factory that will help solve the high unemployment rate in the area?]

“It might be worth a try if the residents don’t object.”

While we were on the subject, I immediately spoke with Holdings CEO Park Young-joo.

“How are you, Mr. Park?”

– That’s just it.

I wondered why the reaction was so lukewarm.

I heard that Emma was living in Korea for a while, but it seems she left. I wanted to ask her, but since it was personal, I just brought up work.

“The acquisition of Gyeong-In Energy has been completed?”

– I was going to report to you, but the paperwork is finished and all that’s left is for the external announcement. I plan to operate the company by taking over all the personnel that were there before.

“You can figure that out yourself, but what are the final contract terms?”

– As discussed, we decided to take over the entire debt for 50 billion won. By the way, I am worried because oil prices have dropped significantly since we made the final agreement on the company acquisition. What if oil prices do not rise in the future?

“Well done. Oil prices are at the bottom now. They will continue to rise.”

– Well then, that’s good.

“Just take on high-interest debt, pay it off, and leave half of it alone.”

– I had decided to do that anyway. When I tried to pay it all back, the bank made excuses. They asked me to keep at least half of it.

“Yes, please. I heard that you are expanding your refining facilities. What do you think?”

– Don’t be ridiculous. I’m really shocked by how much talk there is just about expanding the existing factory. It’s a hassle to do an environmental impact assessment and even hold a public hearing, but I don’t think there will be any major problems. Incheon City is also expecting a lot from the factory and is providing a lot of help.

“If it is difficult to further expand the Incheon factory, how about building a new factory in the Mokpo industrial complex?”

– I don’t think it’ll be bad. Last time I went down, Mokpo City also talked about the factory. It seems like Mokpo is having a hard time these days. Gunsan is doing well because there is a GM factory, but Mokpo only has a small shipyard. I’ll try to negotiate.

“Please do so. Are Korean companies running smoothly without any problems?”

– WD Chosun’s Vice President McCord is in an uproar. He’s complaining that the Chairman hasn’t returned from the US.

“Why? Do you have something to say?”

– There are many complaints that when they scout you, they say they will help you develop technology, but then they ignore it.

“Haha, but didn’t you send me the blueprints every time?”

– That’s why I’m attached, otherwise I would have resigned and blown it already.

“Please tell President Jeong Yong-in to hold on tight. We must continue to study the key technologies for LNG ships. Isn’t Vice President McCord a world-renowned authority on special ship design?”

– Even without that, President Jeong Yong-in is quietly teasing me.

“How about putting the holding company’s headquarters in the United States?”

I had been thinking about this for a while. The domestic business is doing well even if we leave it alone, but the US side is not yet firmly established.

It would have been a great help if we had CEO Park Young-joo, who is an accounting expert.

– Holdings? I haven’t thought about it, so I’ll have to think about it before I can give you an answer.

It’s frustrating. Why would I want to keep my holdings in the US?

“Are things not going well with Emma?”

– It won’t work. I’m not dead yet. I understand what you mean, Chairman, but going back and forth like this isn’t bad for the two of us.

President Park jumped up, wondering how he understood what I was saying. If it goes well, that’s great.

“Are there any other problems?

– The stock market was noisy for a while due to the issue of listing Dugeobi F&B. There was a lot of talk about whether it was necessary to list on NASDAQ instead of domestically. The Ministry of Strategy and Finance also sent its opinion suggesting that it might be better to list in Korea.

It might be disappointing to see Korea’s leading liquor manufacturer listed in the United States.

“Isn’t it inevitable to support the current stock price? The stock price will more than double compared to when it is listed in Korea.”

This went without saying. The stock price was expected to rise to over $70 when it went public. That was the minimum. Since the bursting of the IT bubble, there has been no stock that has been this popular. The preliminary survey showed that Toad was extremely popular with investors.

How many companies listed on NASDAQ have been the subject of much controversy and controversy?

Not only did it generate huge profits every year, but its growth potential was also tremendous. After being listed on NASDAQ, its reputation in North America increased, and its market share in North America, which is now virtually nonexistent, was expected to increase.

When we tested the quantity in LA and New York, the shareholders’ response was not bad.