The next morning, Choi Yu-na and Kim Hyung-sook came to my room.
"Yesterday, Hubert Palmer met Lee Won-kyu and signed a house contract."
"Where is the apartment?"
"It's an apartment in Banpo called Acro River Park."
"Acro River Park?"
"It was built last year. It's clean and really nice. We saw the Han River in the living room, and the Hubert Palmer and his wife launched the Wonderful."
"I'm glad you like it. How much did you pay for it?"
"I bought 52 pyeong for 3 billion won. He said he would pay the balance at the end of this month and pay the lease when the registration is transferred. And he said he was going to buy another house with that rent."
"Is there any word that you're taking out a loan?"
"Lee Won-kyu told me to take out a few loans before registration and if I put them on lease. They said they don't get a lot of loans with jeonse."
"Is that so?"
"The apartment was really nice. But Lee Won-kyu said that living in such a place would cost a lot of taxes, so ordinary people like us wouldn't live."
"Haha, is that so?"
"Lee Won-kyu also said that the complex was built by Daelim Industrial, a large, well-known construction company, with 1,612 households, so it's worth the money if you buy it."
"Hmm."
"I heard that if you get an apartment here, making money is picking up land and swimming. They say money is what makes money."
"I guess so. Money will make money. Well done anyway."
I only traded with SillaJen on this day.
I was going to see how much SillaJen was sold, but I quit.
I was investing about 200 million won because I was collecting about 20,000 shares a day.
Then by the end of this month, all but the reserves will be blown away.
That would have been a rough estimate of the total investment.
I also looked at how many SillaJen were put in by foreigners.
Then suddenly, I wondered how many foreign investors have in Korea.
I know that places like Samsung Electronics, which has the highest market capitalization in Korea's KOSPI market, have more than 55 percent of foreigners, but I was curious about the whole thing.
I called in General Manager Chang.
"Did you call?"
"Let's have a cup of tea.”
I asked Mr. Hong to bring the car.
Assistant manager Hong brought two cups of ginseng tea to see where he got it.
Jang has more than 10 years of experience as a securities firm than a fund company.
The gross index seemed to be well aware.
I talked over tea.
"How many shares do foreigners in our country have?”
"I've heard 32.7% of the Kospei as of 2017."
"Then how much is it?"
"It'll be about 545 trillion."
"Article 545? Wow, that's great. If global interest rate fluctuations pull this money out, Korea will be in chaos as it is."
"It's just KOSPI, but if we go to KOSDAQ, it'll be 545 trillion won more."
"Our total KOSPI is over 1,600 trillion won, right?"
"Yes, the KOSDAQ is worth 240 trillion won, so I think it'll be 1,900 trillion won in total. I'll say that the money is active again today.”
"Amazing."
"But it's a new blow compared to the market capitalization of the U.S., the great nation. The U.S. would be equal to the total market capitalization of our country if we put together the two top and second-tier companies."
"Really?"
"Apple, the top U.S. company, said it would soon record a market capitalization of $1 trillion. It's over 1,000 trillion won."
"Huck!"
"An analyst says Apple will be over $2 trillion by 2020."
"It's a heavenly kingdom."
The term "genius" comes from the fact that the U.S. spends more than 1,000 trillion won on defense.
In the old days, China was called the Heavenly Kingdom, but Chinese characters are different.
I said with a smile.
"If interest rates go up a little bit, the stock market will lose a lot of money, right?" There's a lot of people who put their money into debt and invest in stocks."
"Our country now has more than 670 trillion won in self-employed loans. Hear say that he will consider new Moon Jae-in government because of this issue. "
"You must be worried.”
"If we tighten it up because of the overflow of money, the self-employed will immediately go crazy about dying. There's more unemployment. That's the sound of tickets falling."
"That's why we're clamoring for the candle."
"But there are many views that self-employed loans flow into some real estate, so real estate goes up further."
"Well, Hubert Palmer knew that and he must have taken the money to invest.”
"I heard from Assistant Manager Choi Yu-na that you bought 52 pyeong of Banpo Acro River Park for 3 billion won. Maybe Hubert Palmer will make a lot of profit when he gets back to the United States after his term."
"Will it work?"
"No mistake. When you get home, you can live fishing in a mansion on the countryside."
"Well, the government will be in a dilemma. We have to hire more people and get real estate."
"I wish I could do better in a balanced way. Isn't that politics?"
"I've applied a lot to Changto to hire more employees, but I'm not sure if it works. I don't know why only the people who were playing with Changtusa stocks did good."
" The formation had Park Geun-hye government funds. The Center for Creative Economy & Innovation raised 1.78 trillion won. I heard it plays a central role in the start-up revitalization policy... ...but I'm not sure about the fund's performance. There's no public data.”
"We should have a good perception of our funds in society..."
"The accident is supposed to be done by people with no operational record. If you can't afford labor or office rent right now, you can't fool others."
I nodded.
Jang said after a short pause while drinking ginseng tea.
"By the way, it seems like Pitestech is working hard to be listed next year. The operating profit ratio is rising, and one vice president says he will make a free capital increase if the year-end settlement results in net income for the current term."
"I've heard the story."
"Oh, that's a great plan. Increasing capital and listing will bring huge profits to major shareholders. Can I ask you a question?"
"Yes, please speak."
"I think there's some kind of incentive from the boss because he's running with his life on his life."
"We've decided to give them a stock option."
"My guess was right."
Then Jang smiled.
"Are you sad that J.S. Invest does not have stock options?"
"Cheo, you're welcome. Instead, J.S. Invest has a better account than stock options."
"That's true."
Korean Air, which has invested in its own account this time, will be cashed in 15 billion won even if it is sold now. 1.5 billion won is my money because my stake is 10%. Where is this windfall?‘
"Haha, is that so?”
"So I'm lucky to meet the boss. Do you know what Chung and Song are saying now?"
"What's he saying?”
"I think I'm full even if I don't eat after watching Korean Air go up. Song and Jeong each have a 5% stake, so they will take 750 million won each. What a jackpot!"
I calculated my money arm in arm.
I had a stake of 11.7 billion won because I had a 78% stake in JS Invest.
If J.S. Invest was dropped right now, it would have cost 11.7 billion won.
If you sit still and do nothing and spend 100 million won a year, you could spend 117 years.
I said with my arms folded.
"How's the interest on the money you lent to Pitestech coming out?"
"It's coming out well."
When I took over, Pitestech had a capital of 5 billion won, but I had borrowed 10 billion won from JS Invest in the form of a loan to pay back the bad debts.
My five billion won doesn't have to pay interest, but ten billion won borrowed from JS Invest has to pay interest.
Even if J.S. Invest is a company owned by the owner of Pitestech, it may be guilty of breach of trust if it does not receive proper interest. So you have to get it. For the benefit of the fund's subscribers, it has to accept more money than even a bank.
However, it is a good investment to hear that the money is steadily coming out well.
In other words, it was good to pay back bad debts, and JS Invest was also good because it was good.
Chang said.
"So I think it's a good investment strategy to invest in M&As for companies that are good at investing in funds and stocks, but that's good."
"Are there any companies you can do M&A with these days?"
"There are a lot of them. By the way, STX Construction was also on sale. Two investors have submitted their letters of intent."
STX Group, which has many companies as well as construction, once flourished tremendously.
STX Group was founded by former salaryman Kang Duk-soo shortly after the Asian financial crisis and used the success story of salaried workers, but now it has collapsed and is selling off the company one by one.
"Where is the lead manager for the sale of STX Construction?"
"It's a three-day accounting firm."
Corporate sales are usually high in accounting firms.
M&A had to go through a complicated due diligence process, but it was not easy to work unless it was an accounting firm.
"How much do you charge for sales?”
"I think it's about 20 billion."
"Twenty billion?"
"I'm sure you'll be able to pull it off with your boss?"
I just laughed.
I am not in a position to care about other places because I care about SillaJen now.
"However, the sale will be carried out in a stalking hose manner to increase the chances of success."
"A stalking hose?"
"The stalking hose is a method of selecting prospective buyers through private contracts and then proceeding with this bid through competitive bidding.”
"Also, isn't it a private equity firm coming up against you? I heard that last year, the private equity firm submitted a letter of intent and then gave up the bid."
"That's right. The private equity firm that I tried to bid for last year was a private equity firm called Keystone Private Equity. I didn't participate this time."
"Then a private equity firm we don't know will take part in this bid. But I'll have to manage it well after the acquisition, I'm not confident in construction. "Pitestech acquired Samsung Electronics' primary vendor, but the construction company is a bit..."
In fact, that's why I don't actively recommend the president to take over the construction company. STX is facing a crisis with its excessive private project financing (PF).
"Thank you for the good information today."
"I'll report to the president if I have any good information on M&A in the future."
Jang bowed politely to the young man and went out.
Today was the day that Eunyeong decided to come in late.
It was because Hwang Mi-na's fiance had to attend the opening ceremony of the composer's office.
He said he would come back after having dinner.
I had to have dinner alone today.
On my way home from work, I decided to stop by a bookstore in IFC Mall and buy some management books or some books. There was still a lot of empty space in my room study at home.
It was because the book-filled operation was too comparable to the room.
But I forgot to stop by the bookstore.
The car was already leaving Yeouido.
I had no choice but to go to Gangnam Express Bus Terminal.
It was because there was also a large bookstore in the Gangnam terminal.
I parked my car in the paid parking lot in front of the terminal and chose a book at Youngpoong Bookstore.
I met my classmate Oh Dong-min there unexpectedly.
"Huh? Isn't that president Choi?"
"Oh, that's Dongmin!"
Oh Dong-min seemed to be a couple.
Oh Dong-min quickly introduced his wife.
"It's wif. Hehe."
My wife looked at me for a long time and greeted me hurriedly.
I didn't see her at the ceremony properly, but when I saw her bare face, she was a normal-looking woman with a square jaw.
I'm sorry to tell you this story, but it seemed to be too different from Oh Mi-hyang, whom Oh Dong-min liked.
I thought Oh Dong-min still couldn't forget Oh Mi-hyang.
SillaJen Collapses Support Line