I went straight to Conrad Hotel after lunch.
I got a body massage after a long time since I came out of the sauna.
The fatigue seemed to be relieved.
I was drinking Sprite after the massage and got a phone call.
It was a call from Assistant Manager Kim Hyung-sook.
"The loan has been executed. Your deposit has been confirmed."
"Really? I see. And... ...you can pay interest on rent from 50 apartments, right?”
"It's possible."
"I wonder if the tenants have any complaints about the mortgage on their apartment."
"When I hear President Lee Won-kyu, people who rent a house complain, but those who rent a house rarely complain."
"Maybe it's because you don't have a lot of rent deposits."
"I think so."
"Okay. It's time to get off work, so get off work first. Thank you for your efforts. I'm going to meet some guests here."
"Okay, sir."
I felt like I was getting snobbish now.
You said you would go to a sauna and get a body massage during work hours.
I hummed out of the office.
After playing in a hotel, I go to a spacious luxury apartment in a nice foreign car and my wife waits for me.
No matter how prestigious a university he graduated from and got a top job, no one seemed to enjoy such a luxurious life like me.
There were many side dishes for dinner today.
It was because Eunyeong went to her parents' home yesterday and brought many things.
Her mother-in-law sent her side dishes and herbal medicine for her son-in-law.
My mother-in-law was so opposed to marriage with me before marriage, but now that she has built and sent herbal medicine, she has changed a lot.
Wouldn't he be forced to do so, as I owe him as much as 1 billion won in one cue?
I told Eunyeong.
"I'm still a young man, and I've sent you all the herbal medicines."
"I told him to bring me a son-in-law."
"Blessed son-in-law? Haha."
Anyway, it was good to be recognized at my wife's house.
The power of money was this great.
Even if she graduated from Seoul National University, she still has a beautiful woman who graduated from Seoul National University as her wife.
Eun-yeong snarled over the meal and said many things.
"Mina signed a house contract. My brother said he signed a 620 million won contract for the Mapo GS Zai apartment."
"Really?"
"I heard the company gave me an advance of 200 million won for the hat. I think I borrowed it temporarily because I decided to get a loan as soon as I moved in.”
I grinned inwardly.
S Production, which Hwang Mi-na is attending, received 5 billion won this time, so it seemed that she would have the power to lend about 200 million won in the short term.
Moreover, Hwang Mi-na was a talented writer and director and knew that she was close to me who took over convertible bonds.
I had no doubt that Hwang Mi-na would now join the middle class, not the low-income bracket.
Hwang Mi-na saw it as an upgrade.
Unyeong kept making fun of me.
"Oppa, and you have actor Kang Myo-ja, right? He'll die when he meets me now. I can't be so good to you, Kang Myo-ja. Maybe it's because you gave your brother a job to her husband's advertiser, huh?
[You man!] [Not just work! It's because you accepted the S Production convertible bond, the owner of Kang Myo-ja's husband's company.]
The next day came.
During the morning coffee time, Jang reported on his business trip yesterday.
"The company is fine, but the stock price is too high. That way, even if it goes public, it doesn't run out of red bean paste."
"Haha, is that so?"
I wasn't very interested in the unlisted companies that J.S. Invest was investing in, just enough to roll around.
"But the heads of small and medium-sized companies are also great.”
"What?"
"You're giving them a slap and a pinch."
"Sometimes there are people like that."
"It's amazing to see the employees attached to him even though he's bossing around like that."
"I can't do it because I'm trying to make ends meet. I think he's the boss who doesn't care about the details."
"Well, the boss smiled at us and said he was a man who didn't have any grudges."
"Nice to see you."
"That company didn't want to go again."
"Haha, is that so? And I'll ask you something."
"Yes, go ahead."
"Didn't you buy G Electronics and G Development with the 100 billion won I put into JS Invest Corporation now?"
"Yes, I did. Aren't you willing to resell it? I bought it when it was cheap, so if you sell it now, you'll get a profit."
"That's not it... I'd like to buy more.”
"Additional?"
"We don't have any additional funds now, so why don't we take stock of G Electronics and G Development?"
"How much do you want?”
"100 billion!"
"Old? 100 billion? Oh, my. Then I can't handle it because of interest. Stock loans are usually from savings banks, so interest rates are high."
"Is that so?"
"I'm against using stock loans for long-term purchases, which I don't know about short-term profit-taking. Stocklon interest is 3% per month. 36% in terms of years."
"Hmm."
"If you do something wrong, you'll be out of work."
"Haha, I've said that once."
"But isn't that what the customer asked for?"
"That's not it. We'll discuss this again later."
Stock Loan refers to a system in which securities firms, in partnership with savings banks, raise borrowing and lend stock investment funds.
So stock loans are also called linked credit loans.
Stock loans come from secondary financial institutions.
So it is different from a credit loan in which securities firms lend money from investors to settle stock transactions.
If the stock price falls below a certain mortgage ratio, it is the same as credit loans and stock loans that are sold against it.
So the securities firm's credit loans or stock loans should be used carefully.
After the meeting, Jang came to my room.
"I couldn't tell you earlier because I had employees, but do you happen to ask if the chairman of G Group bought all of G Electronics shares and G Development shares?"
"It wasn't. He's lying down like a vegetable."
"Then are you willing to resell your 50 Gangnam apartments when they go up and buy G Electronics and G Development stocks?"
"This time, 50 apartments in Gangnam decided to take out a mortgage on it. We're going to take over E Tower Building back here in collaboration with a U.S. private equity firm."
"That's what happened at the day. Gangnam apartment is going to be on the rise and has a good exchange rate, so you'll get a lot of loans."
"It's 70 billion."
"Huck! 70 billion! That's a lot."
"My mind is already set on investment."
"I can't blame you for what you're doing, but I don't think the building's profitable right now."
"Hmm."
The annual rental yield of officetels in Seoul has fallen below the 4 percent mark this year. I heard it's hitting an all-time low, do you have to invest?”
"It depends on the location."
"Opistels often pay monthly rent after middle-class women take out loans for 100 million won and buy two or three."
"I've heard that."
"If the interest rate on a loan is low, an additional increase in the mid or late 3% may lead to little real return."
"The typical officetel will be, but it will be different because it is a large building in the center of Yeouido. Isn't E Tower a building with Group H?"
"E Tower building? Hmm."
Jang nodded, as if he thought the E Tower building was different from ordinary officetels.
"But a building of that size would require a lot of financing.”
"We need 140 billion."
"Wow, that's great."
Then, Jang looked at me with admiring eyes.
"The owner of the E Tower building is an American private equity firm. So I'm going to start financing and take out existing loans from foreign banks that have entered the country."
"There are a lot of foreign banks in Korea now to see if there are many things to eat."
"Is there about 20 foreign banks in Korea?”
"No, the number of foreign financial firms officially announced by the government was 168 as of April 2017."
"What! 168? Is that so many?”
"Listening to the head of the brokerage branch who went to the Gangnam branch, many Koreans use foreign financial companies. Even if interest is a little more expensive, I use it a lot because it's easy to get a loan."
"Well, is that so?"
"It's also heard that the rich in Gangnam are already using it to invest in real estate."
I was not pleased to hear this.
It felt like Korea's national wealth was being leaked.
When Jang left my room, I called Choi Yu-na.
"Did you find it?"
"Call Woods & Moore. Tell them you decided to take over the E Tower building at a staff meeting at J.S. Invest this morning."
Assistant manager Choi Yu-na smiled brightly.
After sending Assistant Manager Choi Yu-na, I called her in China.
"I showed the picture of the restaurant to the investors."
"How's the reaction?"
"They're going to invest, but did you recognize the second floor?"
"We said we'd use the second floor, so I told him to."
"It's an easy decision, isn't it?
"I asked you to pay me 80 million won for the price of 100 million won. Otherwise, when I asked for a second floor, the owner of the building said no, but later he said yes."
"Really? You seem to have fallen for the wool."
"Ha ha, that's what it is."
"The landlord must have a lot of money, huh?"
"It's the company building. The owner is not an individual, but a construction company."
"Is that so?"
"It's a condition to split the profits half with the investors, right?”
"So the investor asked me to send the status of my income and expenditure quarterly."
"That's not hard. I'll send it to you even if you ask me to send it monthly. May I have the investor's email or phone number?"
"We are not supposed to provide customer information for the private equity fund. You can email or fax the quarterly balance to our accountant later.”
"Really? Okay. Thank you. I'm tearing up because the investment has been decided."
"Send me your account number."
"Okay."
"Instead, I won't tell a vice president that I'm setting up a restaurant."
"Don't do it. If you do something wrong, you'll get caught not working at the company and paying attention to the wrong thing."
"Haha, so work hard at the company."
"Of course."
I withdrew and sent 100 million won to the Virgin Mary.
I thought that he would take care of himself whether he was killed or not.
The Virgin Mary was good at business and was friendly.
Moreover, I decided to believe that my mother-in-law is good at cooking.
After a while, assistant manager Choi Yu-na came back to my room.
"I spoke to the president of Woods & Moore."
"What do you say?”
"He said he was respectful of your wise decision.
"What do you mean by respect!"
"They will come to Korea after discussing it with their staff. We already have a management organization to manage the building, so we just have to take over."
"Well, that'll do. There'll be less than 20 caretakers at the most. If you take over, would you like Choi Dae-ri to be in charge of the building?”
Assistant Manager Choi jumped up in surprise.
"Oh, well, I don't know your business. Building maintenance should be done by people who know how to manage the facilities."
Choi was in tears.
I said with a smile.
"Haha, I'm just saying it once. Don't worry. Assistant Manager Choi is a competent fund manager, where are you sending him? I'm kidding."
Only then did Choi smile brightly.
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