Jang, who had been out of the office at the end of the day, returned.
"I went out and came back."
"I'll ask you something. Have you ever attended a New Year's celebration before?"
"Yes, the opening ceremony is also called the New Year's celebration."
"How do we proceed?”
"Not much. You come out and say a word, and the executives and all the employees shake hands, and it's over."
"Really?"
"It's the beginning of the year, and it's better to have that procedure than going to work right away."
"If the president speaks for a long time at the New Year's celebration, the employees will not like it, right?"”
"Yes, I don't like it long. When I was in school, if the principal speaks for a long time, it's like I hate it. By the way, is J.S. Invest going to celebrate the New Year?"
"No, we don't. We don't even have a few employees. What kind of New Year's celebration is that? I got a call from Pietestech asking me to attend because I'm co-CEO."
"Is that so?"
"Even if I can't attend the year-end party, I've been contacted to make sure I attend the New Year's celebration."
"Pietestech would be a New Year's Day. It's a manufacturing company and it has a lot of people. The employees may be honored to shake hands with the owner."
"I must go."
"You just had a hard time last year, and I think you can say let's cheer up and develop the company even more in the new year."
"Okay."
Kang Hyung-suk, assistant manager of Pitestech, called again.
"I'm sorry to call you again.”
"No, it's okay. What else is going on?"
"No, I got a call from my classmates and they're going crazy about not having a year-end party. Furthermore, they're asking me to get a promotion because I've been promoted."
"Really?"
"So President Choi said he can't do it on weekends because there are many events, so what should we do next week on the 28th or 29th?”
"What day is the 28th and 29th?"
"It's Wednesday and Thursday."
"Well..."
"I already sent 200,000 won to me for my promotion because my mother in China can't attend. I think my classmates called me to China."
"Where's the year-end party?"
"Byung-chul asks me to do it at his place. They're asking me to raise the sales at my friend's store."
"Let's do it on the 28th."
"Then I'll have my friends come to the Geumjeong Station Byung-chul shop at 6:30 p.m. on the 28th. President Choi is also available, right?”
"Okay. I'll go."
"Don't you think you're bothering me?"
"No, it's okay."
There were definitely many meetings at the end of the year.
I heard that there will be a year-end party at the English academy, but I said that I would only pay for the membership fee.
In the morning of the next day, Song and the station sold Tong Yang Moolsan and S.C. Engineering, which are Ban's themed stocks.
In both categories, the return rate was approximately 42%. Exempting fees, the number of unique account accounts ranged from 7.2 billion to 10.2 billion. This is an increase of 3 billion won.
Chang said with a single voice.
"At the end of the year, this single blow led to 10.2 billion accounts."
"Then our assets must have increased a lot."
"G Group's G001 Fund plus G002 Fund is 147.2 billion, haha."
I remembered what Linda Sim, fund manager at Moellis & Company Investment Bank, said.
Linda Sim had asked me to increase my capital.
I told Chang.
"Let's increase our capital."
"Old? You want to increase? How much do you mean?"
Let's increase 2 billion to 10 billion. Let's transfer the capital from our own account."
"You're trying to keep your employees from losing money, aren't you?"
"There's also the advantage that private equity firms can see as big as possible."
"Then it's a private equity firm with 10 billion capital and 147.2 billion assets. Hahaha."
"Why don't you get a bigger job?"
"The Korea Post, which manages 100 trillion won in funds, also takes care of the operators who have made outstanding achievements in order to increase the efficiency of fund execution for them. To that end, we've revised our trust guidelines, drawing extraordinary attention from the financial sector."
"Really? But then banks, securities firms, and big asset managers will be interested."
Assistant manager Hong Ji-young brought in a December payroll expense report.
J.S. Invest's salary system was executed by dividing the annual salary by 12 months, so there was no bonus like Pietestek.
According to Chang, Pitestech pays 200 percent annual bonuses.
I heard that the payment will be divided into 50% at the end of the year, Lunar New Year, and during the summer vacation and Chuseok.
Of course, the salary was much higher because J.S. Invest was a private equity firm.
The average salary of JS Invest employees was nearly 100 million won a year.
I said with my signature on the payroll expense report.
"We pay our salaries on the 25th of every month. Isn't this Sunday?"
"Yes, it is. Christmas Eve, the 24th, is Saturday, and the 25th is Sunday."
"Then tell him to make an early payment on the 23rd. That's what you tell Assistant Manager Kim Hyung-sook, because Hong does the payroll, but the payment is on accounting."
"I'm... I'm sorry, but could you do it for me, Mr. President, who gives orders to Assistant Manager
"Please call Assistant Manager Kim Hyung-sook."
Hong Ji-young called in Kim Hyung-sook.
"I just signed a payroll statement posted by Assistant Manager Hong Ji-young. The 25th of December is Sunday, so do it early on the 23rd. Moreover, isn't the 24th Christmas Eve?"
"Okay, I will."
There's no one who hates giving money early.
Assistant Manager Hong Ji-young and Assistant Manager Kim Hyung-sook made a big smile.
"You'll need money to spend with your family or friends on the 24th. Please remit money to your payroll account on the afternoon of the 23rd."
"Okay. Thank you."
After a while, Assistant Manager Kim Hyung-sook came with a withdrawal slip.
It was a withdrawal slip to pay salaries. And Assistant Manager Kim Hyung-sook attached the sample status of the company's operating funds after the withdrawal slip.
"If you spend your salary, you'll have 2.67 billion won in operating funds."
"2.67 billion won? Why are there so many?"
"It was because Song sent 2.52 billion won last month, saying it was called the company's own account."
"2.52 billion won? I don't really remember. Tell him to come to Song."
After a while, Assistant Manager Kim Hyung-sook called in Song.
Song entered with a puzzled look.
"You said you sent 2.52 billion won to the company's operating fund account last month. What's wrong with this?"
"Did you do that on the boss's orders?”
"Are you going out?"
Last month, we had 7.2 billion won in operating funds, but it increased to 9.72 billion won by investing in Lee Jae-myung-themed stocks, TotalSoft, Intergis and Dongshin Construction. My boss asked me to send the bloated money to an operating fund account, so I transferred 2.52 billion won to an operating fund account managed by Assistant Manager Kim Hyung-sook."
"Ay, you heard me wrong. I asked you to transfer only 20 million won to manage it, but you must have sent me all the money you've gained."
"I think I misunderstood."
Meanwhile, Song scratched his back.
"So I was wondering why it was because I was going to invest 7.2 billion won in Tong Yang Moolsan and S.C. Engineering this time. We thought Tong Yang and S.C. Engineering had already gone up a lot, giving up their pursuit and investing 7.2 billion won."
"I'm sorry."
I said, looking at Assistant Manager Kim Hyung-sook's face.
"From 2.52 billion won to 2.5 billion won sent by Song Cha-jang, please transfer back to your unique account. We can't keep it in an operating fund account, we have to roll it."
"Okay."
"Then how much is the unique account?”
"It's 10.2 billion, but if it comes to 2.5 billion, it's 12.7 billion.
"Then how much is the company's operating assets?”
The conductor knocked on the electronic calculator on the table.
"Except for Group G funds, 49.7 billion. 47.2 billion to 2.5 billion transfers."
"If we hadn't repurchased 30 billion won in extra church funds, it would have been well over 70 billion, but we still haven't got over 50 billion."
"Please call the church."
"Okay. And you heard from General Manager Chang about capital increase?”
"I heard. I was going to the attorney's office today because of it."
"Can it be done within this year?”
"We're running out of time, but we'll finish it within this year. First of all, I'd like a copy of your seal impression certificate.
"Okay."
"I've made all the board resolutions, the minutes of the shareholders' meeting last week."
"The capital increase should be reflected in this year's financial statements, so hurry up. If necessary, at least pay an express. Capital is 10 billion."
"Okay."
"At the time of the establishment of the company, Song was in charge of corporate and other business affairs, so please do your best again."
"Okay."
"And please tell Jang about the change in operating funds."
"Okay."
When Song, Hong and Kim all left the president's office, I called the deputy pastor of a large church in Gangnam.
The reason was that the amount of money taken out of the large church in Gangnam had been reduced from 70 billion won to 40 billion won, excluding the investment of the chairman of G Group. This time, the company invested 49.7 billion won in its own account, but it had to increase its operating assets further.
"How are you, Reverend? I'm the CEO of JS Invest."
"Oh, Mr. Choi! Shalom! Peace in the Lord!"
"You immediately repurchased the 30 billion you invested in our fund last time. Why? You even agreed that you would not repurchase it six months ago."
"It was because our elders were so opposed."
"Why are the elders against it?"
"There is no data on JS Invest. We've been in the business for less than a year, so there's been a lot of comments asking us to report what's out."
In fact, this is true of the elders.
A small investment would be enough, but it would have been strange if 30 billion won was invested and the size of the private equity firm was unknown.
I spoke again to the deputy pastor, the son of a pastor in charge of a large church in Gangnam.
"So you're saying you'll invest again when the financial statements come out."
"Yes, please send us a copy of JS Invest's audit report. Some of the elders were certified public accountants, so we're going to watch closely and decide whether to invest."
The financial statements are those that require an external audit by a certified public accountant.
The audit report will also be submitted to financial supervisory agencies and tax offices and provide key clients. In other words, it was provided as judgement data from outside agencies.
I sighed and then said again.
"We need about three more months to get our company's external audit data. Then I'll come and see the pastor with the audit report."
"You're not in the red, are you?”
"We have operating profits. It's a debt-free company, so it's net profit."
"Then it's easy for me to persuade the elders. I'll see you then."
"Okay."
"Peace within the week!"
100 million-year-olds