The employees certainly looked different when they bought an apartment.
His voice was loud and he was full of confidence.
Sometimes I had an excited look on my face.
Only deputy Choi Yu-na seemed to have no expression.
It seemed like it was because all of them took out their shares in the company's own accounts and made loans.
Then it seemed that the operation of the unique account would be suspended for the time being.
I said with a smile.
"Assistant Manager Choi! My shares in the unique account remain the same. Choi's shares remain the same."
Choi Yuna smiled at my words.
Because there was no big problem if my 78 percent stake remained intact even if everyone else took it out.
On top of that, it was not a big deal, but it was 80 percent if two percent of its shares were added together.
I said with a constant smile.
"And when employees buy a house, they will raise a bank loan and remit the company money. I have to get back into the company for short-term employee loans."
Assistant manager Choi Yu-na twisted her body and said with a shy look.
"I didn't say anything."
Song, who only drank bottled water from a hangover he drank yesterday, said.
"I don't know if the banks will tighten their loans because of the recent high investment in housing."
Jang was told.
"Isn't that why the boss came up with this plan to buy a house quickly? You discussed it with your parents. Hurry up and look for a house."
"According to economic news this morning, the volume of home sales has soared since May, and on June 30 alone, major banks' mortgage loans have increased by about 1 trillion won."
"A trillion won a day? Huh, that's a lot more. There must be a lot of people who think house prices are going to go up."
Hong said.
"But I saw some people on YouTube claiming that house prices are going to crash. Some experts predict a plunge like Japan."
"Then Mr. Hong, don't buy an apartment."
Assistant manager Hong was furious again.
"Who said he wouldn't live? That's what I mean."
Jung said,
"Didn't you say at last week's meeting that the amount of loans you can borrow as collateral for your apartment would be reduced in both LTV and DTI?"
"I did."
"It's been announced that it will go into effect today."
"Well, will LTV be reduced by 10% points from 70% to 60% and DTI by 60% to 50%?"
"Yes."
Choi Yu-na, who was listening quietly, said.
"Isn't that only in areas where speculative demand is high?"
"The entire Seoul area is subject to adjustment."
Assistant manager Choi Yu-na nodded and said,
"I guess I'll have to buy it in Seoul. You targeted the rowing area because Seoul seems to be going up.”
I said, looking into Jang's face.
"Is it true that real estate renters get credit loans that exceed their security?"
"There is such a system."
I have to buy shares of Group G if the chairman of Group G dies today.
Then I could have disposed of all my SillaJen and received a credit loan through the development of JES, which bought 50 apartments.
Additional mortgage loans could have been difficult because they had already been taken out and bought the E-Tower building.
Of course, selling 50 apartments and E-Tower buildings would solve all of them, but it was a problem because real estate is not quickly cashed in.
But I am asking this question because my credit is very good at the momentarily.
Jung also said a word.
"It seems like the real estate holdings of the real estate agent keep going up, and they're giving us credit loans."
Chang said.
"Hey man, isn't that an expedient like that because LTV and DTI are all decreasing? Even if you give me a credit, that's because you only have 50 percent and 60 percent of your mortgage payments."
"You don't want to lose money if the bank makes a loan.”
"Right. What kind of guys are banks? Aren't they the ones who never make money?"
Chang looked me in the face again and said,
"But there's a saying that the financial authorities are tightening up real estate leasing companies' credit loans."
"That's why I'm asking."
"Financial authorities seem to be considering requiring real estate rental businesses to pay back principal and interest monthly on credit loans they receive in excess of collateral."
"Well, I think it's going to be a sudden stop to the practice of taking out loans and buying real estate.”
"Yes."
It was almost 9 a.m. talking.
I came into my room after the meeting.
An announcement was made about the lifting of warnings by SillaJen.
The scheduled date for the lifting and re-designation of investment warning items was July 4, tomorrow.
"The stock price is now around 20,000 won, so it's going to go up about 10 percent right away.”
I saw that if the warning was lifted, there would be a surge to a level where investment warnings would not be reassigned, even if they did not hit the ceiling.
A phone call came from the head of the law firm, Hwa-chon.
"How are you, Mr. Choi?"
"Oh, yes, sir. I have sent two bottles of Royal Salute to the Chairman of Group G. I'm sorry I couldn't get the 50-year-old."
"Well done. Have you seen the article on Hyosung Group in today's paper?"
"What? I haven't seen it yet. We have a coffee time meeting this morning, so we haven't seen it yet."
"Haha, you're having an investment meeting every morning. That's what private equity firms should do. The staple food is living creatures.”
"Well, it is."
"It is said that the dispute between the Hyosung Group owner family brothers has escalated into a legal battle."
"Is that so?"
"It's not our legal firm's case, but I'm telling President Choi that there will be a G-group issue in the future."
"Thank you, Mr. President."
"Hyoseong Group has accused its elder brother, former vice president, of attempted blackmail. Both sides will sue each other in the future."
"So... ..did it work?"
"There's no rule that Group G shouldn't be like this. So my role as president Choi and I will be important in the future."
"Okay.
I thought it would be a big problem if the chairman of Group G died even now after hanging up the phone of the CEO of Hwachon.
I calculated the money that I could cash in right away.
The 50 Gangnam apartments or E Tower buildings purchased through the development of JS are not immediately available for sale and cash. So I thought about stocks first.
[If I double the amount of SillaJen and sell it now, it would cost 56 billion won. In addition, wouldn't it be worth 30 billion won if we get a credit loan through the development of JS, which bought 50 Gangnam apartments? And the rest, if procured through JS Invest...]
I thought I'd get it roughly right.
I thought that all Korean conglomerates would have the same worries as me.
Because there are many chaebols that owe astronomical numbers.
But there's something strange.
The common people who owe millions, tens of millions, and hundreds of millions of won live in pain, and those who owe tens of billions and hundreds of millions of won sleep with their legs crossed.
It seemed to be because it had a lot of assets even after paying off its debts.
It rained a lot and the temperature went up in July.
I saw the calendar. It was July 7th.
SillaJen lifted the warning and recovered to the 23,000 won level.
The closing price was 23,100 won today.
"Since July and August have holiday season, it will fluctuate from 23,000 won.”
I thought SillaJen would start in September when the cold wind began.
I was bored of going up to SillaJen, so I thought about going abroad and getting a wind sting.
I was thinking about going out with Eunyeong, but she was pregnant and couldn't.
If I went abroad alone, I would have to stay for a short period of time.
It was because the pregnant operation felt like I should be there for her.
It's been a long time since I got a call from the president of Mogang Tech.
"Mr. Choi? It's me. I'm president of Mogang Tech."
"Long time no see."
Last time I went to Seoul, I had a meal at an underground restaurant in the E Tower building. As expected, the E Tower building seemed to be well managed well. Isn't the hallway and bathroom very clean.”
"Haha, that's how much you have to manage."
I saw that Lee Jong-tae, managing director of E Tower, is doing well.
I made my fortune thanks to Mrs. Baek, but I felt like I met people well.
J.S. Invest is running well because there is director Jang, and E Tower is also running well because there is a person named Lee Jong-tae.
In addition, Pitestech was doing well with President Kim Kyo-young and Vice President Han Kwang-jin.
I thought the company would run well even if I built a villa in the suburbs like the chairman of G Group.
[I met a good man.]
This may not be because I met people well, but because I treat them humanely and don't overuse my power.
Also, it may be because it pays enough.
The president of Mogang Tech continued.
"It's already been half a year this year. I think we will have to report to the board of directors as the half-yearly settlement is completed internally by June 30th. When should I set the date for the board meeting?”
"Board? Now I'm not the largest shareholder of Mogang Tech. The board will now take care of itself there."
Choi is still a board member of Mogang Tech on paper. Jang is also grateful."
"Change that. Someone else."
"Oh, my God, the president won't let me."
"Why?"
"If you have a stake in our Mo Kang Tech, which is a lot or a little bit in JS Invest, it means no one else can stick to you."
"What does that mean?"
"I'm saying someone is going over it for M&A because the sum of the chairman and my shares isn't that much. That's why we're saying it's better for Choi to remain a director and Jang to be an auditor."
"Hmm."
"Come down next week. There's a farm right next to the factory, and if you're going to grill meat and eat watermelons and talk about the world, you don't have to go anywhere else."
"Well, is that so?"
I was tempted to go, so I said I would go next week.
General Manager Chang has come to visit me.
"I got a call from Pietestech asking me to have a board meeting because I've got a semi-annual account report. I'd like you to let me know your schedule."
"Mogang Tech also has a board meeting. He wants me to come down."
"I think it's because Mo Kang Tech's directors and auditors haven't changed. I don't know if this board of directors will submit a change."
"The directors and auditors want to go as they are without any changes. The chairman and the president are still weak, so they don't know who's going to attack M&A."
"Well, that's a possibility. If the company is small and the owner's stake is weak, there is a high possibility. Like the whole EMZ set was going to eat before."
"Then why don't you attend the board meeting next Tuesday and go to Mogang Tech on Friday?"
"I'm fine."
"Then the General Manager will notify you so."
"Okay, and Assistant Manager Kim Hyung-sook said we will also report the profit and loss report for June on Monday morning and the profit and loss status from January to June this year."
"Well, I understand."
"But Assistant Manager Kim Hyung-sook said we can report in front of the president and me. Is it necessary to report in front of the staff at the morning meeting?"”
"Just tell him to do it at the morning meeting. Wouldn't it be better for the staff to know and be transparent?"
Chang said with a smile.
"Well, I will."
the way to the KOSDAQ