Monday has come.
I was more concerned about the movement of S-production stock than SillaJen, which was the main target of attack.
[How will S Productions move today? When would be a good time to notify you of the acquisition of convertible bonds?]
It was less burdensome when I was doing stocks by myself, but it was also very burdensome when I encouraged people around me to invest. It was because he had to make some profit.
I decided never to recommend stocks to others next time.
During today's coffee time, Song spoke first.
U.S. stocks closed mixed yesterday. It seemed like there was no clear momentum to decide the direction of the stock market."
"What do you think our country will be like?"
"The Korean stock market doesn't have an issue to change."
"Is that so?"
"However, only tech stocks and stocks with high expectations of improved corporate profits are expected to face a backlash."
"You mean your intestines aren't very good."
At this time, it occurred to me that if the volume of S Productions continues to rise by more than 5%, it would draw attention from the market.
This time, Chung said.
"The market is the case, but the theme stocks are likely to go off."
"Do you have a theme?"
"I think we're going to have some Phoenix material. Hong Seok-hyun, former chairman of the JoongAng Ilbo, is expected to run for president."
"Really? Chairman Lee Jae-yong was arrested and the stock price of Shilla Hotel hit the ceiling not too long ago. But now it's made of Phoenix?"
Chang smiled and said.
"My nephew is in prison, but my uncle seems to be trying to be president."
"Chairman Lee Jae-yong's mother must be in trouble."
"There's a story that Mrs. Hong Ra-hee is also offering to head the Leeum Museum of Art.“
"Well."
"This is likely to dampen the art market. Anyway, Mrs. Hong Ra-hee was a big hand in the art world."
Hong looked at Chang and said,
"But what does Leeum mean?"
"It's said to be a compound word of Lee, an adult from Lee's family, and um, which means art museum."
I asked.
"Have any of our staff been to the Leeum Museum of Art?"
There was no one.
Actually, I haven't been there either.
But I said a gentle word as president.
"If you have time on the weekend, try going there once. We also need to increase our cultural skills. I'll go and see."
Chung said.
"The Leeum Museum is located in Hannam-dong, so it must be close to your apartment."
When I heard this, I decided to take time with Eunyeong to go.
I said while looking at assistant manager Choi Yuna.
"You had a hard weekend guiding the CEOs of Woods & Moore, didn't you?”
"No, I'm fine, but I've seen a lot."
"What time did you say you were coming to our office today?"
"He said he'd be here around 11."
I turned my head and said, looking in the face of General Manager Chang.
"Let's meet with General Manager Zhang around 11 o'clock."
"Okay, but isn't Woods & Moore on the REITs Fund side?"
"I think so."
REITs Fund refers to a fund that collects funds from investors and specializes in investing in real estate.
Woods & Moore was a fund company that gathered individual investors in the United States to form funds and invest overseas.
Individuals could participate in small amounts, so they could raise a lot of money from the company's point of view.
Woods & Moore was also borrowing low-interest money from the U.S. banking sector to buy big overseas properties combined with money from individual investors.
Woods & Moore was pocketing rental income, dividends and capital gains from the real estate investment.
After the meeting, I went into my room and opened the HTS.
The S Production chart was showing a phonograph.
It was because of the fatigue of the rise in profit realization sales.
Moreover, it seemed that it was because there was no disclosure so far.
However, it was expected to rise again in the afternoon market.
If the father-in-law or the owner's family of S Productions were to sell, it was highly likely.
SillaJen and Korean Air were still moving in the box.
I have a little bit of SillaJen, and I heard a noise from the office around 11 a.m.
It seemed like the CEOs of Woods & Moore were here.
Subsequently, a knock from the president's office was heard and deputy Choi Yu-na came in accompanied by two tall Americans.
One person seemed to be in his 50s and the other to his 40s.
Assistant manager Choi Yu-na introduced the two.
"You're the president and vice president of Woods & Moore from the United States."
"Oh, really? Nice to meet you. I'm Glad To Meet You.“
"It's nice to meet you. Nice to meet you, two!"
We exchanged business cards with each other.
The president in his 50s was named Martin Hayward and the vice president in his 40s was Hubert Palmer.
As the two sat in front of the table, Hong brought four cups of green tea.
I called in Director Jang and introduced him separately.
"He's the head of our fund management division."
"Oh, nice to meet you."
We had five people sitting around the table, including Assistant Manager Choi Yu-na.
Assistant manager Choi Yu-na gave two Americans a pamphlet of JS Invest in English.
The two looked at the pamphlet at a glance of the pamphlet.
I also saw your company through the homepage. Choi's management skills seem to be excellent, given that you've grown remarkably in a short period of time."
"It's because people around me have helped me a lot."
"We are a REITs fund company. It was established 20 years ago and has a separate major shareholder. It's a REITs fund company, but it doesn't just insist on real estate. We're investing in stocks and other things."
"Is that so?"
"We are currently investing a lot in Asia with $10 billion in operational assets."
"10 billion dollars? You have a lot of assets."
"We are not a big fund company. The world's number one asset manager, like Black Rock in Laripink, has over $5 trillion in assets."
Five trillion dollars is more than 5,000 trillion won in Korean currency. It is an astronomical number.
Chang also said with a surprised look.
"Five trillion dollars? That's incredible."
"So we're only investing at our level. Of course, J.S. Invests will only invest in a level-level."
"I think you're here because you have a place to invest in Korea.”
"You've seen it."
"But do you have any investment to tie up with our small company?‘
"You don't invest in real estate, do you?”
"We are investing mainly in corporate stocks. We invest in stocks to be listed, buy shares in KOSDAQ-registered companies like Mo Kang Tech, and sell them at a profit margin."
"You should also be interested in real estate. There's a lot of fun about real estate, and according to our research, the real estate market in Korea is also attractive."
"Is that so?"
"Look at Japan. In Japan, real estate bubbles are coming, but real estate in Korea is not cooling down. Korea will continue to do so."
"Well, I heard that Japan is."
"Let me tell you the purpose of our visit today."
"Yes, please speak."
Assistant manager Choi Yuna took out her diary and prepared for writing.
"There is a Yeouido building owned by a U.S. asset management company. We're selling it this time. So I came here to take it over with me."
"How big is the building?"
"It's between 250 billion and 300 billion."
"Oops! We can't do such a big building."
"Do you know how much the Nara Jonggeum building in Seoul Gangnam Station was sold last year?"
"The last building in the country? I'm not sure. Do you know Chang?"
Jang shook his head, saying, "I don't know."
"The last building was invested in Prudential, England. Do you know how much profit you have left on the market?"
"Well."
"We've made over 100 billion won in capital gains. It's been 11 years since we invested."
"Did you?"
"What do you think? Isn't this a fascinating market?"
"So who did you sell the Prudential to?”
Korea's Koramco Asset Trust has taken over. It signed a 208 billion won contract with MG Real Estate, a real estate company of Prudential Group.“
" Twenty-eight billion?”
"The last building in the country is a 22-story building with seven basement floors. It's 9,065 pyeong of Korean flat water."
Zhang said with a smile.
"You know Korean Pyung-soo and he's amazing. You don't speak in square meters.”
"Ha ha. I'm studying that much. The sale price is 23 million won per pyeong."
"But what kind of building is the one that's on sale in Yeouido?"
"I'll let you know if you're willing to invest."
"As I said a little while ago, between 250 and 300 billion won, we can't."
"Honestly, the building we have now is 280 billion won. I think J.S. Invest could handle it."
"How?"
"Half of the 280 billion will be borrowed from the financial sector, and the other 140 billion will be invested 70 billion from JS Invest and Woods & Moore."
"70 billion?"
"I think it's going to cost about 70 billion. If it's difficult, wouldn't you be able to raise a new real estate fund and try?"
"But with so many loans, would you be enough?"
Korea is in the process of lowering interest rates to expand employment and stimulate the economy. This policy may lead to more employment, but it will cause real estate to soar."
"Hmm."
"The building now houses two well-known companies. There's no problem with paying rent. Korean buildings are worth a try if there is no vacancies."
"Hmm."
I thought arm in arm. It seemed that 70 billion won could be raised.
If I could get a loan with 50 apartments I bought at JS Development, I could do it.
"But how big is the building?”
"It's 46,200 square meters per year. It's 14,000 pyeong in Korea."
"A total floor space of 14,000 pyeong would be like a landmark."
"Yes, it's 20 million won per pyeong. It was 23 million won per pyeong, but it's probably not as expensive as Gangnam."
"It's a little different depending on the location.
"Two years ago, Hana Daetoo Building in Yeouido cost 1,600 to 17 million won per pyeong. Rather, it's 20 million won because of its good location and jet lag. It's also a 22-story, 7-basement building."
"But you know better than we are Koreans."
"Haha, I did some research for the business. If you have any thoughts, please contact me."
"Is selling open bidding?”
"That's the format, but we can do it on a private contract.
"I'm sure so. You can be charged with breach of trust."
"Mr. President. Give it a try. You can form a consortium with us and then run it as a joint venture."
"I don't think I'll have any extra money after I pay interest.”
"Even if interest rates are cheap, it's possible if you have a lot of money to borrow."
"But why?"
"If we pay the building manager's salary, it'll be difficult to pay the rent and pay the dividends. But you'll see a lot of capital gains when you sell it again in about five years, and you'll see enough profit after you pay your taxes."
"Will that be so?”
"Korea's real estate is bound to go up in Seoul, even if it doesn't go up in the provinces, because Korea's politics, economy, and culture are all concentrated in Seoul."
I was not very pleasant because foreigners seemed to know the Korean real estate market too well.
Because I felt like these guys were reading all of us.
I'm the main gun.