I was also frustrated because my friends didn't work out well.
Oh Dong-min and Lee Soo-chul, who were middle-class, became civil servants and got jobs at paper companies. However, Yang Sung-mo and Kang Hyung-suk, who had a harder time in the family, were strangely unsolved.
In terms of family circumstances, Yang Sung-mo and Kang Hyung-suk had to get a job first, but the reality was going backwards.
Somehow God didn't seem to be fair.
I was tossing and turning in my sleep when my younger brother Junhee called me from the U.S.
"Oppa! How are you?”
"Oh, it's Jun-hee. It's been a long time since I heard your voice."
"I went to graduate school. I went to law school.”
"Oh, yeah? Congratulations."
"It's all thanks to you. Thank you."
"Doesn't your tuition or living expenses run short?”
"It's all right. You know the 100 million won you gave me to spend until graduation? There's still a lot left."
"If you have any difficulties studying, contact me. I'll help you as much as I can."
"Thank you."
"Your mom and dad know you went to graduate school, right?"
"I don't know yet. Will you tell him?”
"No. You call. Mom and Dad will want to hear your voice."
"Okay. I'll do that."
I was glad to hear that Jun-hee entered law school.
I gave Jun-hee 100 million won to spend her expenses until she graduated. Jun-hee is also the daughter of a poor family, so she is not the type to spend money lavishly. It occurred to me that he was probably living a salty life and working hard.
I went to work the next day.
People who went to Pitestek in Uiwang City gathered in the conference room.
"Good work yesterday."
"I think I'll be done today if I do well. The financial sector debt was already prepared, so due diligence was easy. There was also a high-interest loan."
"Did you put anything on hold?"
"The bank was paying interest, but the debenture seemed to be overdue and being pressed. In the dead boss's desk diary, there was also a note saying that the bonds were driving him crazy. It looks like you've been harassed by private moneylenders."
"You even got a high-interest bond, so that's what happened.”
"Today, we will check the amount of corporate credit card payments due and investigate the status of deposits and short-term employee loans."
"How's your assets? Is it roughly right?"
"One-third of the sales receivables will not be received. All the claims that I couldn't get because of the claim were on my account. I guess they couldn't shake it off because of the capital erosion."
said Kim Hyung-sook, accounting manager.
"Pitestech has not been able to handle bad write-offs on receivables that it will not receive. There are some things that are three years old. I asked the accounting officer there, and he answered."
"How much is it in terms of amount?"
"It seemed like about three billion."
Bad debt amortisation refers to the treatment of non-recoverable bonds as a cost-of-loss in accordance with the entity's GAAP by offsetting them with loan-loss provisions.
Pitestech didn't seem to have been able to handle this. In other words, the assets are inflated.
Kim Hyung-sook reported again.
"I think the real estate situation, such as land and buildings, is roughly right. Property, plant and equipment, such as machinery, was identified only by documents because I had no knowledge of this area. I have a physical asset, but I don't know if it's operational, or if it's just a lump of scrap metal."
I asked, looking into Zhang's face.
"Has there been any major litigation? Hasn't Mogang Tech been sued for failing to pay for the facility construction? Later on, the operatives took advantage of it."
"There were about 10 small cases, not as big as Mockang Tech's lawsuit."
"What specific lawsuits were they?"
Zhang opened his diary and said,
"Four outstanding raw materials, one courier, and the other five were wage bond lawsuits. In total, it was about 80 million won."
"It won't come out any more, will it?"
"It was hard to confirm because the general manager resigned because he didn't pay me, but the vice president said it would be right."
"What will you focus on today?"
We will focus on the four major insurance premiums, retirement pensions, fire insurance, and electricity bills. We also did inventory yesterday, but we haven't even done half of it yet. Even if it's late today, I'll wrap it up. You can't just leave this place and keep going down."
"How do you check the four major insurances? Do you report the bill?”
We need to call the National Health Insurance Service or the National Pension Service directly to check the four major insurance policies. You also have to ask Korea Electric Power Corp."
"You want to contrast the amount offered by the company."
"Yes."
"Okay. I hope you go down today and finish up well."
I gave this order to the boss, but in reality I learned a lot.
Deputy General Manager Chang, Director Chung, and Director Song are people with working experience. Also, Kim Hyung-sook, who went on due diligence for the first time, is qualified as a tax accountant.
As I got along with them, I was developing a lot.
He had an unparalleled ability with his mother and Hwang.
When all the due diligence team left, I came to the president's office.
Today, I opened HTS and bought 8 political-themed stocks.
I was thirsty after trading intensively for more than an hour. I went to the water purifier in the office and had a cup of coffee.
Hong Ji-young said a word.
"Oh my! I've already had two cups of coffee today. I can't sleep at night even if I eat too much. Would you like some green tea?"
"No, it's done."
I came to my desk with coffee in a paper cup.
I saw how the Morgang Tech, which I haven't checked before, is working.
Shares of Mogang Tech were playing around 4,600 won.
As the company is doing well, Morgang Tech also seemed to have good indicators of return on equity (ROE) or net income per share (EPS) when profits in the third and fourth quarters occur.
Then there was a high probability that stock analysts and journalists would recommend it.
In particular, it was worth the article in the economic newspaper. If there was an article titled "Jewel-like stock" in the soil, Mo Kang Tech's stock would fly to the 7,000 won and 8,000 won range.
I got a call from lawyer Yoon.,
I called him Big Brother.
"Oh, brother, what are you doing?”
"I hear you're all supposed to meet this Saturday?"
Now lawyer Yoon spoke informally to me when he spoke Korean.
"Not Da, but Mihyang, Park Un-young, and my brother and I are the only ones to meet."
"Really? And I sent a book to President Choi. Haven't you got it yet?"
"What? I haven't received it.”
"I'll be there by today.”
"What book is it?"
"It's a book called Currenty Wars."
"Is this an English application?"
"Mr. Choi is also good at English, so read it. There's a lot of interesting stuff."
"Is it like a currency war?”
"It says the dollar and the International Monetary Fund will collapse in the future.”
"Hey, brother. Why does the dollar collapse? So America is going to go to ruin it?”
"Read it anyway. It's fun."
"Okay. I'll read it because it's your recommendation."
The car that Chang was driving came to Uiwang City.
Kim Hyung-sook, who was riding next to him, said.
"It's nice to have mountains here. It's not a big mountain. It's so nice to have such a small mountain. Yeouido Park, where our office is located, smells artificial, but there's nothing like that here, right? It has natural beauty."
"Really? Mr. Kim Hyung-sook is sentimental because she is a woman."
"Look over there. There's an old house. It's plastic with the roof collapsing and the windows rustling. It's natural."
"What nature is nature! It's just messy."
"What's boring is the machines in the back storage of Pitestech. It was covered with dust and rust, but it was set at 20 million won.”
"It looks like you played the scrap metal for 20 million won."
"So I asked the production manager if that was a working machine, and he went back. So I asked him to turn it on, and he said he only knew the machine. The manager said no because he's on a business trip."
"You've inflated your property, plant and equipment!"
"I was thinking about fighting once, and the boss told me not to bump into the staff before I came here. I told them to just check.”
"If the boss had come, I would have turned the machine around myself.”
"What? The boss turns the machine around? My boss?”
"The boss knows a lot about factory machinery. Last time you came, you opened the switchboard yourself and operated it."
"Really?"
"The boss said he had worked at a small factory near Myeonghak Station."
"Oh my gosh! Really? I thought you were a stockbroker.”
"It's because I don't talk, but I think the boss has had a lot of trouble."
"That's why you told me to check the machine if it's not working properly, instead of bumping into the staff."
"Don't you think just checking means that if you do an M&A, you'll come and see it yourself?"
"That's what it looks like."
"The boss is a good man to be a factory owner like this. Because he's the one who does not talk much, but he's the one who does the factory run like a palm-
"Oh my! My boss is cool."
said Chung in the back seat.
"That's why you're interested in Piettek's M&A. By the way, would we be able to handle 30 billion won in debt? Due diligence will increase the debt, but not decrease."
"So the boss said that if we do, the corporations and their individuals should invest fifty-fifty."
"Old? So you're going to invest 15 billion won in JS Corporation, and 15 billion won in your own individuals?"
"I told you so!"
"So you mean the boss has 15 billion? Do you have that much personal wealth?”
Kim Hyung-sook, who was in front of him, was also surprised.
"Oh, my God! 15 billion at a young age!”
"To invest 15 billion means there's another 15 billion.”
"Oh, that's great."
Song, who was quiet in the back seat, said.
"The branch manager was right when we left the securities firm."
"What did the branch manager say?"
"President Choi Joon-sik told me to know only that he is a legendary super ant."
"Did you?"
"I didn't realize it at the time, but after spending time together, I feel like a super ant.”
"Ehyo, I haven't saved 100 million won in years of my life, but I can't say 15 billion."
said Kim Hyung-sook with a smile.
"Ho-ho, what's a cuddmani- Are you saying that you're going to do mulberry?”
"Call the fund manager to give himself a cold shoulder."
"Really?"
"Ask the section chief, 'cause you worked in the fund management office of Jung or me?”
"Factress, are you sure? Was Mr. Jung a "Cold Mani" too?"
"Because Kim Hyung-sook doesn't know, every single day at the fund management office of the securities firm is at war. We move tens of billions of dollars a day, and we make billions of dollars a day, but there are times when we lose money."
"I've heard of it, too."
"So some people even pee because of tension and stress!"
"Oh, my God."
"That's why I call my fund manager "Cold Manny." It's self-discipline."
"But now I'm not going to come to J.S. and pee. Ho Ho Ho."
Chang smiled and said as he drove.
"The fairies and Songs came to J.S. and gained weight!"
"You've gained weight, too!"
Japanese private equity firm