Hong said with a look of indignation.
"In any case, polarization is the problem in our country. When the rich and poor raise their hands, the rich say something, and the poor say something.”
"It would be politics to comfort both sides. So you're interested in politics, aren't you?”
I spoke heavily.
In the future, our private equity firms will also experience a lot of polarization. We're going to have private equity firms that can't get a client and then go into the red, and we're going to have a mammoth private equity firm that's rolling out billions of dollars in operating funds."
Chang nodded and said.
"That's right. We need to pull ourselves together. China kicked out 8,000 ailing private equity firms last year. That's one-third of all private equity firms. There's no law against us either."
This time, Chung said.
"I think our country is in its prime. Last year, Korea had 1,728 trillion won in indirect management assets, including one-time trust in fund investment. It's the biggest ever."
"Total 1,728? That's a lot. Isn't that proof that there's so much money floating around? I think we'll get more money if interest rates go down."
"The government won't raise interest rates much if the U.S. raises interest rates for businesses and self-employed people because of job creation. When interest rates are cheap, money is better."
"If this money flows into real estate, it will be the main cause of soaring housing prices.”
I smiled inwardly.
To make money safely and securely, it was real estate rather than corporate investment. I saw that one day these money would come to real estate.
I'm sorry for the homeless or anyone who wants to enter Gangnam, but I saw it to soar in the near future, and no one seemed to have a clue about it.
Nor would Yoon, a lawyer who graduated from Seoul National University or worked as a professor at Stanford University.
Hong told Chung.
"Jeong! Is 1,728 trillion won in fund management assets really right?”
"That's what statistics say!"
"There are so many people with money. A few people seem to have monopolized wealth."
"That would be the same in any country.”
"It's understandable that someone lives in an apartment for 5 million won a month. There are many people who don't even get paid 2 million won. My boyfriend also gets over 3 million won. Something's wrong."
"What can we do about reality?"
"But if a 1.9 billion-dollar apartment rents at 500 a month, it's only three copies."
"I'm sure it's because I get a deposit. If we get a lot of deposit, the monthly rent will go down even more."
After the meeting, I called Chang separately.
"Would you like to examine S production?“
"Are you going to invest?”
"Please see if any of the short-term loans are being pressed or if any of the unpaid bills have a wage bond."
"Okay."
"And if you have any plans or contracts you have presented to the station, please check."
"Okay. I'll go with Deputy Manager Chung. "Jeong has experience in conducting due diligence on entertainment companies."
"Don't go today and set a date for an appointment with the boss there. We're not thanking you, so don't do it too intensely."
"Okay, but may I ask you a question?"
"Yes, please speak."
"Don't you have a lot of S-production states?"
"I'm sorry, but I can't answer that."
"If you've bought a lot, you've probably used a borrowed-name account. A family name or a borrowed-name account I provided you before."
"I can't answer that either."
Chang smiled and said.
"I've already seen the latest S Production announcements. The list of shareholders who recently acquired more than 5% of their shares has not been released.”
I turned the horse around.
"The current financial structure is important for entertainment companies, but they should focus on writers, actors, or cinematography. If you don't mind, J.S. Invest's financial investment will be fine."
"Okay, I'll talk to the president of S Production right away."
Today, I have been dealing with SillaJen for a long time and unexpectedly, Hwang Mi-na got a phone call.
"Are you Mr. Choi? This is Hwang Mi-na."
"Oh, Mr. Hwang. How are you? Please come over to my house."
"I don't have time to go once with the composer."
"You must be busy making your work, aren't you?”
"But if I do something wrong, I'm going to cross the water.”
"Why?"
"The company's operating costs are so high that we're going to have to cut back on staff."
"Oh, no! It must be hard."
"But I listened to the story from Eun-young. I heard you asked me to take out a mortgage.”
"Yes, I did."
"I can't believe what she says. So is it possible to issue bonds for S Productions?”
"For now, our staff will go and conduct due diligence."
"But can I get a loan now?"
"It's late when all the information is exposed."
"Oh, I see. But my apartment has an existing loan of 50 million won. I'm at the bank right now, and I think I can borrow 100 million won from the bank, 100 million won from the capital, and 200 million won from that."
"That's enough. But you can't tell anyone about this."
"Oh, I see. Thank you."
I looked at the stock price of S Productions.
There was still no lion power.
However, since the chart has been fluctuating for a long time after the fall, the stock price could have gone up with a little shock.
Assistant manager Kim Hyung-sook came into my room.
"Well, the accounting director of Pietestech called. Boss, I'm asking if I can keep the sales and public expenses of 2 million won. Without any impression."
"Was there any money for the printing press?"
"You didn't know? Didn't you say you'd send us extra pay?”
"The money coming into me seems to come in from 15 million won a month, plus 12 million won in taxes."
"That's right, then. It's about 5 million won off my salary. That's why you want 10 million won in monthly salary and 2 million won in sales and public expenses."
"Really? But it's five million won away?”
"Work income taxes are progressive. If your salary is 15 million won, you will get 3.6 million won in income tax alone. Including the local income tax, we're going to lose nearly 4 million won."
"Do you go out that much?"
"If you deduct four major insurances, you'll pay five million won."
"Is that so?"
"In fact, we have to arrange receipts for your sales and public expenses. But Pietestek said he was far away from you and he wasn't paying a lot of money for sales and engineering, so he was cleaning up himself."
"Hmm."
"There are people who spend more than 10 million won a month on sales and public expenses for other small and medium-sized companies. Also, some people lend their corporate credit cards to their families, but everyone says they're clear and clean because they don't have them."
[Clean and clean!] I personally have tens of billions of won, so it's probably because I didn't touch the company's money.]
"Well, I understand."
"And the seven Gangnam apartments we signed this time should have 20 more days to pay the balance. It's not until the end of this month that we're going to be able to do it."
"Is that so?"
"That's when the real estate registration transfer ends."
"Well, does that happen?”
"Then I'll make sure that all of the contracts are rented monthly."
"Go ahead. And use Assistant Manager Kim for the corporate credit card issued in the name of JS Development. There's really nothing to write on the slip that's coming up."
I was going to ask Assistant Manager Kim to take my brother or mother to go to a galbi restaurant, but I quit.
It was because the president could not tell him to act outside the company's rules, even if he didn't know what to do.
After Assistant Manager Kim left my room, I thought about how much I would lose if I took out a loan with 50 apartments as collateral.
I had to put this loan into JS Invest's corporation and buy more G Electronics and G Development shares.
The money I received as chairman of G Group was 200 billion won.
But now it had bought only 100 billion shares in G Electronics and G Development.
It was always disturbing,
[You said you bought an apartment for an average of 1.9 billion won, so 50 units is 95 billion won, right? If I get a 40% loan, would it be 38 billion won? That's not enough money to buy more G Group shares!]
It's not enough money to buy more shares, but I decided to sell the apartment again and return it if the chairman of Group G asked me to return the money.
But the chairman of G Group will not do that.
I called the gardener at the Yangpyeong villa where the Group Chairman is staying.
"How are you? I'm Choi Joon-sik, president of Yeouido Fund."
"Oh, Mr. Choi! How have you been? I heard you're married. I also heard that the bride is KBS announcer Park Un-young."
"I have to say hello to the president after marriage, but I can't because I'm busy here. I think you should stop by."
"Don't come here."
"Yes?"
"Even if you come, the chairman doesn't recognize you these days."
"Yes?"
"You don't recognize people because your condition is getting worse. It's a little difficult to walk."
"Then shouldn't you be in the hospital?"
"He's always going to the hospital and saying no. They don't recognize people, but they recognize hospitals."
"Oh, that's what happened.”
"I'll call Mr. Choi when he gets better."
"Go, thank you."
"But I don't think that's going to happen. I guess that condition will last a long time. Chaebol often do that."
"What do you mean?"
"People who eat a lot of wild ginseng or deer antlers stay in bed for a long time. Isn't that the case with Samsung Chairman Lee Kun-hee?"
"Please let me know if you feel better."
"Okay, sir."
I hung up the phone,
And I felt sorry for the chairman of G Group.
He was always worried that there might be a quarrel between his half-brothers.
General Manager Chang came back into my room.
"I spoke to the president of S Productions."
"What do you say?"
"The due diligence says welcome and asks you to come tomorrow."
"Shouldn't you give me some time to prepare the material?"
"There's data that I made when I tried to issue a private loan last time, but failed. At that time, the fund company said it didn't understand the nature of Entetainment and was too persistent in its financial position."
"I see."
"Then I'll leave with Deputy Director Chung tomorrow afternoon. I have to talk to a client in the morning."
"Take care of it."
"By the way, Mr. President, there's a lot of prospect that S Production will go strong from tomorrow."
"Shall we?"
"From the stage of due diligence, if the company's employees talk outside, they may be caught by the workers."
"But you don't know if we're going to invest, do you?
"So if you're biting and you don't think it's right, you're smashing it.”
"Is that so?"
"There are some good guys who do well and get away with the rumors."
"Is there some time lag between due diligence and investment decisions?"
"Even ants call Judeam a lot these days. I might ask the company what's going on when the stock is starting to move."
"You don't even know the story, do you?"
"I'm sure Judea will say that a fund company is conducting due diligence to proceed with the bond issue. It could be a material."
"Hmm."
"Then if the debenture is really successful, we'll eat bigger."
I remembered the saying that Lee Hu-rak did during the Park Chung-hee administration.
It was a horse that used to go around on the Internet.
He said, "Who wouldn't eat rice cake when he touches rice cake?"
Lee Hu-rak seemed to have eaten a lot.
I touch the rice cake, and these are cockroaches who try to eat it.
leverage effect of investment