I will resign and go to Australia

80 episodes. How is Korea?

Henry had informed me before coming to Port Hedland.

About the importance of iron ore in Australia.

He also said that Louis Hill might be the largest among the iron ore veins left in Pilbara.

In other words, Henry asked me about my intentions to invest in the Louis Hill iron mine.

There was only one obstacle.

-The problem is that the prospect of the iron ore market is not very bright right now.

Demand for iron is bound to fall in a situation where we cannot get out of the global economic downturn.

He said that iron ore is important, but it is accompanied by considerable risks to jump into the struggle for interests of various powers in a situation where the prospects are not good.

In the end, we couldn’t make a decision, and we postponed the decision to meeting Lina Dainhart to get an accurate picture of the situation and then discuss it again.

“Before I tell you about our terms, there’s something I want to ask you.”

Henry continued, looking directly at Lena Danehart.

“Now that we have confirmed that Rao Tinto is behind it, isn’t it a fact that Jencock has to face the top four companies. It is obvious that not only Forescue Metal but all of them will accept China’s demands.”

“So?”

“If they collude to increase the production of iron ore, do you intend to continue the development of Louis Hill?”

If the global supply is increased in addition to the price cut, it is a pardon price.

World-class dinosaur companies may be able to keep their flesh in check to protect their vested interests.

“As Henry knows, now, Jencock’s main source of income is coal mines. Other mines are receiving only commissions in the form of rentals.”

“I know.”

“As interest in eco-friendly energy is increasing around the world, if the demand for coal falls in the future, we will not be able to survive. So, Louis Hill is the lifeline of Jencock. Without Louis Hill, there is no Jencock.”

“Are there any countermeasures against the increase in global production and price cuts?”

“Ho-ho, it was the same when I first developed a coal mine. The outlook for the mining industry looks at least five years from now, so how do we know what will happen in between? The world is changing fast, Henry. It has been historically proven that there is a boom when there is a recession. It is a principled answer, but there is no other way around it.”

law of supply and demand.

As she said, it is a principled standard that is the basis of the economy.

There is no sharp edge in dealing with essence.

It is more important to have the stamina to endure with honesty than to have leftovers.

“Jin, what do you think?”

“I don’t know much about mining, but one thing I know for sure.”

“Something?”

“Chairman Jencock’s perseverance. All circumstances are not good, but the president is not shaken.”

“Hahaha, it’s not called the Iron Lady for nothing.”

“Then let’s proceed as we discussed earlier.”

“If you do it wrong, we’ll sink together. Is it really okay?”

“I believe not only in President Jencock, but also in Henry.”

From the first time I taught him about iron ore, it was clear that Henry had tested me.

Do you have the guts to take on difficult situations and accept them?

An unshakable mentality is essential in the mining industry, where long-term warfare is fundamental.

And my decision wasn’t just about passing that test.

The decisive thing is that Lina and Henry are reliable.

Isn’t it better to hit a blank sheet?

After all, both are industry giants.

“Lina, tell us about our conditions. We will invest in the Louis Hill project, so let us do it together.”

“Are you serious? You have already secured sufficient development rights through the share exchange. Why do you want to invest in high-risk Louis Hill?”

“Because this friend here is going to trust you.”

“Only for that reason?”

“Hahaha, that’s enough. The general manager of mine development here is Mr. Jean.”

Lina Dainhart looked at me with a meaningful look.

“They said it was a business partner, so I guess it’s true. Henry trusts him so much.”

“I was lucky.”

“No, very few people get his approval. It’s not by luck.”

“……”

“Mr. Jean, do you really believe in me to invest in Louis Hill?”

No way.

To be precise, I believe in my abilities.

“Of course not.”

“Then can you tell me why?”

You will immediately use what you learn.

It seems that this was also Henry’s arrangement.

“I heard that half of Australia’s total exports go through Port Hedland here. Iron ore accounts for the largest share. That means how much influence you have on the iron ore here and your position in the mining industry is different. isn’t it?”

“That’s right.”

“We are a new company in this industry. The checks of existing companies are something we have to go through. I think it is better to experience it in the big water. It would be perfect if that partner was Jencock.”

Iron is the most loved mineral by mankind.

And Jencock owns the world’s largest burial site, Louis Hill.

In addition, Jencock has the largest area of development right in Pilbara, to which Louis Hill belongs.

I have the ability to omit only the bare bones from there.

Whether it’s a dinosaur company or a thug nation, they hold the core of the mining industry, and they won’t collapse easily.

If we hold out without falling, we will win.

“I really like the answer.”

Lena Danehart smiled wildly and showed a satisfied expression.

I then asked her what she had in mind.

“But there is one thing I want to ask you.”

“Anyway.”

“Iron ore, do you really have to sell it to China? I’ve heard that the young response to the masterpiece over there is not good.”

“Still, there is no other place where there is such a strong demand.”

“How about Korea?”

I had read KOTRA’s material at a previous company.

The demand for iron ore is also high in Korea.

First of all, the manufacturing industry has developed in various fields, including world-class automobile manufacturers.

“Korea is not bad either. First of all, there is Bosco, the 4th largest crude steel producer in the world. However, there are obstacles.”

“what is that?”

“The iron ore suppliers to Bosco are Rao Tinto, DHP Billion and Barre. It will probably be difficult to break through the deal.”

According to Lina, China has a state-owned company that dictates Jencock’s coal, so that it can connect with the political world through it.

So she kept knocking on the Chinese door.

“Then, will you leave Korea to us? China will continue in Jencock.”

“Isn’t it better to have more customers? If I can increase the number of customers, I should rather ask, ho ho ho.”

I nodded my head and answered.

“Then I will take care of Korea’s exports and geological maps. Please discuss the investment with Henry.”

***

After meeting with Jencock.

We checked in at a 4 star hotel and then unpacked.

Although Port Hedland is an industrial city, most of the accommodation facilities were very outdated because it was a city with few business trips.

Even though it’s a 4 star, should I say that it’s not even a 3 star in other cities?

“I can see why Chairman Jencock brought his own yacht.”

I leaned back on the dining room chair and sighed.

Fortunately, the food was of good quality.

“Heh heh, you can come by your yacht next time.”

“Don’t make fun of me, Henry.”

Henry grinned and took a sip of coffee before opening his mouth.

“No, speaking of it, I think it would be better to buy a yacht. Right now, I’ll travel the inland west, but later I might go out to sea to find an undersea oil field, heh heh heh.”

“……”

Scale once.

But I can’t respond because I know it’s not empty words.

Australia is rich in resources not only under the ground, but also in the sea.

It is truly a blessed country.

“So then, Jin, shouldn’t we decide sooner rather than later?”

“What?”

“It’s a country to live in. If I want to give you a share and set up a corporation, it’s impossible with my current workaholic status. I was going to do it slowly, but if I want to invest in Louis Hill, I have to go through the incorporation process right away.”

Before full-scale development, Jencock plans to raise funds through PF (project financing) and establish a subsidiary called Louis Hill Holdings.

The company that invests there will be a mining subsidiary, not Bearfax.

“If I go to Korea on the Bosco case, I will discuss it with my family. Please wait a little longer.”

“Then I’ll make you a business card for Bearfax. You can’t have a meeting with Bosco without a business card.”

“Thanks for your concern, Henry.”

“But do you have any plans? It wouldn’t be easy to get into the long-standing relationship between Bosco and the three companies.”

“I think Bosco might welcome us.”

“Why?”

“It’s because of China. The competitiveness of steel produced in Korea is weakening due to the low-priced offensive by Chinese steel companies. Perhaps Bosco paid a lot of attention to raw materials to secure unit price competitiveness. there.”

No matter what industry you are in, it’s always talked about in the news.

Due to China’s low-cost offensive, companies are focusing their efforts on R&D to produce high value-added products.

But R&D is something that can be done in just a day or two.

Cost reduction is the fastest way to secure unit price competitiveness.

The goal is to reduce fixed costs, such as optimizing labor costs, reducing logistics costs, and reducing expenses.

In the case of Bosco, the biggest influence on cost reduction is obviously iron ore.

I don’t know, but it must have been difficult to do business with three dinosaur companies.

It’s up to the Eul and Eul, and if you are at the level of those companies, you’re no different.

“You’re right, but you shouldn’t ignore the connections of the mining companies. They’re just as good at lobbying as the military companies. They don’t know Korea, but they are the ones who make connections with the rebel leaders to develop mines in countries where there is a civil war. “

It’s kind of scary to say that.

Maybe that’s why Lina Dainhart is reluctant to reveal her privacy and has hired so many bodyguards.

Is Yoohyeon getting this child properly trained?

“If it doesn’t work, it’s unavoidable. If you can’t stop doing business with them because of a bribe, you’re going to keep dragging them around. Otherwise, you’ll have a good relationship with us. You’ll find out if you bump into them.”

“You’re right. There’s no need to be scared. You won’t know unless you try. When are you planning to go to Korea?”

“First, we need to make a geological map. What happened to the expert who contacted you?”

Even if I can see through the ground, making a geological map is another matter.

We need talented people who can draw precise geological maps based on the information I provide.

“It will arrive tomorrow.”

Helen answered me.

“Who are you? Are you a geologist?”

“No, I’m a geologist. I don’t think Jin’s requirements need to be so professional, so I asked someone I could trust.”

They say that you are a student in geology.

“How do you know each other?”

“My nephew. He graduated from the University of Sydney with a geology degree and is doing his master’s at Curtin University in Western Australia.”

“Helen’s nephew, I can trust it.”

“Because I was raised like a daughter.”

At that, Henry smirked playfully and slapped me.

“I’m not saying this because I’m Jean, Helen’s nephew, Jackie is quite a beauty. If you’re thinking about getting married in an international relationship, do it well. There’s no way to get permanent residency like a partner visa, heh heh.”

“Ugh, I have a girlfriend!”

But it’s really weird.

I proudly said that I have a girlfriend, but I am looking forward to it because she is a beauty.

Am I an irresistible man?

‘But your name is Jackie? What’s your girlfriend’s name?’

Sophia, Ellie, Caroline, etc. are full of pretty names.

When I say Jackie, Jackie Chan, Jackie Chan’s English name, comes to mind first.

And even my grandparents’ eyes don’t trust me.

Why isn’t there such a case?

When I’m with adults, someone says that they’re true and pretty, then I can’t empathize with them at all.

‘Let’s do something.’