At the end of the day, Kim Hyung-sook came and reported that she had signed three Banpo apartments.
Then I brought 3 copies of the contract and showed them to me.
"How many did you sign?"
"I thought it was cheap because it was for urgent sale, but it was over 1.6 billion pyeong in total. There was also a 1.8 billion. I didn't know the price of the house was that high. I can't make it for the rest of my life."
"Isn't Gangnam apartment a representative rich village in Korea?"
"But everyone seemed surprised when I signed three of them. The total amount of three bonds was 5.2 billion won."
"5.2 billion won? I'm guessing there was some abdominal pain."
"Heh, because I'm not an individual, I'm a corporation, so I thought Banpo Real Estate was the owner of the pants."
"Really? She's a woman, so she's not a pants boss, she's a skirt boss?"
"Ho-ho, sure."
But when I saw Kim Hyung-sook, her face was very thin.
Recently, when a real estate rental company was established and the CEO was appointed, it seemed that it was because of the heavy workload.
I thought I shouldn't have made a woman the CEO. I was a little sorry.
"Did you go with Lee Won-kyu and sign the contract?”
"Yes, I did. I was surprised to hear that three apartments cost more than 5 billion won, but they kept asking me if I had any money.
"You'd be more surprised to know that there's 10 billion in your account."
"But Lee Won-kyu will be here tomorrow."
"Here? Why?"
"I have something to say to the boss.
"Really?"
"And I'd like to have an office to buy and sell goods in bulk on Banpo. When I get here tomorrow, I'll probably ask them to open an office."
"You mean the real estate office?"
"That's not that. He wrote a contract, consulted with the landlord and real estate agents, and said it would be nice to have such an office like that. He said one small officetel would be fine."
I judged that there was a point.
Kim Hyung-sook decided that there should be a place to rest while traveling around Gangnam.
Offices in an officetel or shopping mall could have been enough for less than 1 million won a month. Also, since the establishment of a corporation was established, the rent for the office can be handled as expenses.
"You'll need an office.”
I nodded my head.
Kim Hyung-sook presented three withdrawals. One was 200 million won and the two were 100 million won each.
"This is the deposit slip for the apartment I signed today. We've gone for 400 million."
I said with my autograph.
"I'll make sure the slip doesn't mix with the JS Invest slip.“
"So I printed it under the slip."
Looking closely, the bottom of the slip was printed with the mark JS Development.
Kim Hyung-sook went on to say.
"Some say that interest rates are likely to rise. Is that okay? Raising interest rates makes housing prices fall, not raise them."
"I know. I'm going to send another 10 billion to JS Development's bank account, so just clean it up."
"Old? Another 10 billion?"
Kim Hyung-sook was surprised by the high price of a house in Gangnam, but the fact that President Choi Joon-sik will shoot another 10 billion won made me feel as if all Korean money is owned by President Choi.
The next morning the conductor came to my room.
"I just got a call from my friend Lee Won-kyu. By the way, shouldn't we observe the political situation a little more when we catch up with apartment sales?”
"Why?"
"The Democratic Party of Korea is attending a mass rally in Gwanghwamun on November 12. On this day, he announced that he would launch a massive campaign to oust the government. The deadline for negotiations with the ruling party is 12 days."
"But what does it have to do with taking up apartment sales?"
"When the political situation is chaotic, will real estate go up? The U.S. presidential election is now turning from Hillary to Trump, and if Trump is elected, the trade war will be as obvious as snow."
"Well, I suppose so."
"And now there is a possibility that the U.S. could raise interest rates in December. It's bad for real estate. If this happens, the Bank of Korea, which is wary of the U.S., may maintain its key interest rate at 1.25 percent within the year There's no upward momentum for real estate, and buying aggressively is risky."
I said with a smile.
"It is an investment to prepare an umbrella when the sun is shining rather than when it rains."
I was talking to Deputy General Manager Chang, and Lee Won-kyu came.
Lee Won-kyu greeted me at a 90-degree angle as soon as he came in.
The conductor left his seat.
I said.
"I received a report from Mr. Kim Hyung-sook yesterday that she was very helpful in signing three Banpo apartments."
"I just gave you a guide.
Mr. Kim Hyung-sook brought the car.
"Kim Hyung-sook, sit there, too."
"Yes."
Kim Hyung-sook sat next to Lee Won-kyu.
"Mr. President, are you going to continue to buy an apartment like this?"
"Yes."
"You said the final thing, not the purpose of the monthly rent, is profit from the sale, but I don't think it's the right time."
"How come?”
"It seems like the government keeps pressing down on real estate because the political situation is getting messy. We can't even sell real estate in this situation."
"Are you saying we should wait and see?”
"Did you see the government's real estate measures on November 3 a few days ago? We announced regulations on subscription and restrictions on resale of new apartments. It's a policy that discourages real estate transactions. Wouldn't it be better to do it next spring when the political situation is stable?"
"I think this is a chance.”
"According to the government's new housing market stabilization plan, we have banned the purchase and resale of apartments in the four districts of Gangnam and Gwacheon until we move in."
"I know."
"We've also strengthened our middle-of-the-road loan guarantees and tightened our ban on re-election. Winners within 5 years or owners of more than 2 houses will also be excluded from the first-priority subscription terms. It's freezing the real estate market. The rumors of a rate hike are not favorable to us either."
I laughed and said in a low voice.
"So now is the time to sweep."
"Yes?"
Lee Won-kyu and Kim Hyung-sook said with a curious look.
The housing market stabilization management measures are all targeted at new apartments. It's not a big deal. If we strengthen reconstruction and redevelopment, we'll have to supply more apartments."
"Well, is that so?”
"Real estate is like stocks. There are forces that can be swept away at times like this. I'm just a force riding on this. Buy more. Get us a throw."
"Gangnam is not a penny or two in house prices. Kim Hyung-sook came to sign the contract yesterday, but I was surprised to see the price of the apartment. It cost 1.6 billion won a house."
"I think it's time to chill. As you'll see, in three years, 1.6 billion won worth of apartments will be worth 2.6 billion won or 3.6 billion won. Do you know who wants to live in Gangnam?"
"I guess he's rich man.”
"No, the entire Korean people want to live in the country. It is a common sense among Koreans that they want to go to Gangnam and get a poop form. What if demand explodes and supply runs out?"
"Well, you could think that way, but..."
I looked at Mr. Kim Hyung-sook and said,
"Mr. Kim Hyung-sook! Bring me a J.S. Development Company Account."
Mr. Kim Hyung-sook brought his bank account. I told Mr. Lee Won-kyu, showing him my bankbook.
"There is now 20 billion in this account."
"What? 20 billion?"
"The 400 million won deposit was withdrawn yesterday, so there's 19.6 billion left. Buy this much money. If we run out of this money, we'll support you with bullets."
Lee Won-kyu saw a bankbook containing 19.6 billion won. How much money does this young boss have? It seemed to me that
"After hearing from Mr. Kim, you want to get an office in Banpo?“
"I think we'll need an office if the work continues. It's because I'm trying to work in someone else's real estate office, not our office."
"Then get it."
"All I need is a desk or two and a Singdam table. I think the office will be enough for less than a million won a month."
"Get it today. Just know that this is the right time to buy an apartment and sweep it. In case of unsold apartments or non-conforming households, please collect them. I'm telling you to pick it up."
"You mean a no-priority subscription.”
"Pick up the new apartments and hold the old ones for urgent sale."
Lee Won-kyu was a long-time rolling man at the bottom of the real estate market.
But I haven't seen anyone so aggressive with so much money. Choi Joon-sik is a young man, but he also had a scary thought.
Lee Won-kyu and Kim Hyung-sook seem nervous, so I said with a smile.
"There is no pay for two people. Mr. Kim Hyung-sook is getting paid at JS Invest, and Mr. Lee Won-kyu is not here because he takes care of his own expenses. But make a corporate card and spend it unlimitedly."
"Go, thank you."
"I'm getting an office, so put your corporate card in the office and use it. You have to pay for transportation, for your meals, for your benefits."
"Thank you."
I thought that when I got an office, a man named Lee Won-gyu would take over a lot of Mr. Kim Hyung-sook's work.
Lee Won-kyu had a brighter look on his face when he left rather than when he came in.
I called Chang.
"I asked Lee Won-kyu to get an office in Banpo, Gangnam. Daechi-dong is good, but Banpo-gu is close to Yeouido, so I told them to secure a lot of Banpo."
"You did a good job in the office. We recommend that you have a workspace."
Jung or Song would not complain about having Kim Hyung-sook as the president of JS Development, right?”
"I know that JS Development is a temporary corporation, either Jung or Song said. I know it's just a quick use of fund funds. You don't have to worry."
"I'm glad to hear that."
Chang asked a question.
"Are you going to sell G Electronics and G Development stocks at the beginning of the year?"
"Wouldn't it be better to go into the house after the dividend?”
Even if it's not a dividend, if Trump is elected, stock prices will fall a lot. Furthermore, if there's a negative factor in the rate hike, it's going to fall even further."
"Will you please call Chief of Staff and Chief Song?"
Jung and Song entered the president's office.
"There are currently seven funds we operate. There are numbers 1 through 5, and there are overseas funds and unique account funds. That's exactly 42.2 billion."
"That's right."
"Have you heard about the creation of a fund to buy G Electronics and G Development's shares from the bottom?"
"I've just heard from Deputy General Manager Chang."
"I know you and Song have a lot of work to do. I'd like you to take care of one more fund."
"G Electronics and G Development?"
"Yes, for convenience's sake, we'll name the fund G001 and the fund G002 will be the fund that collects G development."
"That's good.“
"From tomorrow, I want you to take charge of the fund G001 and Song to take charge of the fund G002."
"I was ready. Then, are you going to go to every house from tomorrow? Isn't it after the dividend? G Electronics and G Development are blue-chip stocks, so I think there will be dividends."
"If Trump is elected or interest rates are raised in the near future, dip it in a little bit when stock prices fluctuate. We'll charge 10 billion won each for G001 and G002."
I'm a reclusive entrepreneur.