The weather was chilly in the morning and evening after mid-October.
It was hot during the day, but the temperature dropped at night, so the daily temperature difference was severe.
When I saw the meeting on Monday morning, assistant manager Choi Yu-na coughed heavily.
Chang said when he saw Song.
"Hey, Deputy Chief Song. Assistant Manager Choi has a bad cold. Please get me some medicine for Choi's cold. Aren't you assistant manager Choi?"
"Yes?"
Choi and Song looked awkward.
Song soon changed his expression and gave me a briefing.
"The purchase of SillaJen for the unique account funds has been completed."
"Really? Thank you for your hard work."
"I would like the president to sign the canteen later on."
"If you don't think it's time to sell, just let me know."
"Okay."
"But I'm glad the stock market is booming."
Foreign investors, who returned to the local stock market after three months, bought 1.6 trillion won in just three days after the Chuseok holiday. The trading volume of SillaJen was also brisk."
"That's why the purchase is already done. What is the unit price of the purchase?"
"It's 46,000 won. We bought 400,000 shares in total."
I nodded. And I thought about the evaluation price of SillaJen that I bought.
I bought it when SillaJen extended the floor after listing, and the unit price was 11,500 won.
The figure has more than quadrupled.
But I think it's going to go up further, so the company's funds are now.
I looked at Assistant Manager Kim Hyung-sook and said,
"If we don't sell SillaJen within this year, the company's cash assets will be reduced and investment will only increase."
"If we don't sell it by the end of the year, that's what our balance sheet will say."
Hong said.
"I wish I could be a Tabble."
Zhang said with a smile.
"You'll see. SillaJen's going to be Ddabble. And Hong's Sangam-dong apartment in Sanon will also rise greatly and become a warm one."
"Ho-ho, then I'll treat the staff."
Chung said.
"It's been a good market lately, so it'll be all right. Wasn't the KOSPI 2,476 last week?”
"The KOSPI index was the highest ever.”
Foreigners don`t seem to put that much weight on North Korea`s risks, either. Large-cap stocks, which are leading the KOSPI's rise, also rose 3.87 percent in the three trading days after the Chuseok holiday."
Again, I heard assistant manager Choi Yu-na coughing on one side.
I said.
"Assistant Manager Choi, if you're not feeling well, take the day off."
"No, thanks."
Jang said after seeing Choi pitifully.
"I think Choi has become very weak these days because she has a lot on her mind. I think it's because there are a lot of things that we can't help but worry about whether we're going to show up and do something to improve the return on our overseas funds."
Chung also responded.
"That's right. This year, active fund managers in Korea have a poor return on their overseas funds, and fortunately, we have someone like Mr. Choi, so we're getting a high return."
Choi stood up as if he was embarrassed to hear.
"Well, I'm going to throw away some tissue."
Choi went out of the conference room.
I looked at Chung and said,
"Are active fund managers in our country really making porridge?"
Chang said instead.
"There's talk that the return on overseas funds invested by active fund managers, including those in the United States, Brazil and Vietnam, is significantly lower than the representative stock price index in the country."
"Really?"
Active funds refer to funds in which fund managers actively operate to raise excess profits in the market.
In other words, it refers to a fund that implements aggressive management strategies such as buying and selling stocks at an appropriate time.
Chung said again.
"Vietnam's Ho Chi Minh index rose 21 percent this year. During the same period, the average return on 11 active funds invested by local fund managers in Vietnamese companies was only 15 percent."
"Well, I'll have to be careful.”
"The average return on five active U.S. funds was only 8.8 percent. It's way below the Dow Jones industrial average and the S&P500 and Nasdaq composite."
"Is it that low?”
"We have more than 20% of the return on overseas funds that Choi Yu-na is responsible for, so our customers are very reliable. So there aren't many buyers. Mr. Choi is also going through a lot."
"Assistant Manager Choi is doing well as a fund manager."
"Choi tends to prefer index funds over active funds. Because index funds invest in indices, they provide returns based on index movements, so risk is low."
Chang said when he saw Song.
"Song, deputy director. Go outside. Mr. Choi, wouldn't you be in trouble if you fell down?"
When Song hesitated, Hong stood up.
"I'll go out and see."
I quickly ended the meeting when Assistant Manager Choi and Assistant Manager Hong were transferred.
I opened HTS and looked at SillaJen.
It was also strong.
I thought I was good at putting in the funds of my own account.
Hong came into the president's office, scurrying in.
"Mr. President! Mr. Choi is fine. I turned off the boiler and went to bed last night, so I caught a cold. Song really bought me some cold medicine, so I'm working at my desk right now."
"Really? That's a relief.”
Hong was alone after leaving and the Kakao Talk rang.
A wedding invitation for the Virgin Mary was posted in the group chat room of alumni.
It was posted by Kang Hyung-suk.
Congratulatory comments began to run.
I also left a comment congratulating from the bottom of my heart.
I felt a little sorry for Yang Sung-mo and Kang Hyung-suk.
These were my high school classmates, but they were the ones who came into my umbrella.
Both of them were from a dirt spoon, so I wanted to open the way for them to buy an apartment, but I couldn't because there was no way.
Of course, you can ask the president or vice president of Pitestech to give you an advance, but it didn't even meet the equity of a company with hundreds of employees.
Also, it was almost impossible because it was about buying a house, and the amount of advance payments went out in hundreds of millions of won.
J.S. Invest lent money to its employees in the form of a loan when buying an apartment because it had few employees and also had money invested in its own account.
For Kang Hyung-suk and Yang Sung-mo, they couldn't do that.
I decided to help them later when I had the chance.
I decided that I should pave the way for my company to grow fast.
Han, who I planted in Pitestech, is a man who has experienced all sorts of hardships in his late 50s.
This person knew that Yang Sung-mo and Kang Hyung-suk were my friends and thought they would try to help somehow. It was because it was also the way to preserve one's place.
But even if you try to help, you have to have a justification.
I believed that if Yang Sung-mo increases sales in China to further expand the factory and Kang Hyung-suk passes the labor exam, Han would take the initiative in promoting the section chief even if I didn't say anything.
Yang Sung-mo and Kang Hyung-suk still live in a villa in Geumcheon-gu.
Of course, it was better than my house on the hill in Sillim-dong, but not an apartment.
This is why their marriage is later than Oh Dong-min and Lee Soo-chul.
Fortunately, Yang Sung-mo went to China and got married.
As it was dispatched to China, it was possible because it received 1 to 5 times the salary in Korea and also because it had a large company house.
Indeed, Yang Sung-mo and Kang Hyung-suk would never have dreamed of getting married without meeting me.
If I hadn't met Mrs. Baek, I would have given up on marriage.
All of them would have lived a life of five guns.
It would have been hard to live like Chung or Song, who are middle-class and graduates of Sky University.
Come to think of it, I was curious about Song and Jung.
It was better for me to ask Jang indirectly than to ask him directly, even though I am young.
Looking toward the office, Jang was stretching.
I called Chang to the president's office.
"Director! Let's have a cup of tea.”
"What? Me?"
General Manager Chang came to my room.
"How's things going with the stewardess?"
"I'm meeting my parents this Saturday. They asked me where I liked the meeting place, so I told them to do it in Yeouido."
"Really?"
"Jeong's parents live in Jamsil and the women's parents live in Mok-dong, so Yeouido, the middle ground, is good. It's at the 63 Building."
"Good for you."
"Jeong's parents were very happy to see the bride, too. The women's parents were also happy to see Jung. It's almost done."
"Only formal rites of passage remain."
I remembered when my parents and Eunyeong's parents met after hearing about Chung's meeting.
Chang said.
"I got married without any company meeting. My wife took me to a country house when I was a virgin, and my father said okay on the spot."
"It must be because it's old."
"I found out later that my father knew you very well. It seemed like it was because the neighborhood was on a narrow floor."
"How is Song doing with Choi?"
"It's true that we've gotten a lot closer. Choi seems to be going to the house where Song lives alone."
"Really?"
"Maybe there's a good chance I'll introduce you to Mr. Song because Mr. Choi's mother is coming out of the U.S. this week."
"Did Choi see Song's parents?”
"I don't think I'm there yet."
"I see."
"But I have a problem."
"What do you mean worry?"
"It's a personal celebration if the two of us get together in the future. But I don't have a lot of employees like Pitestech, and I have seven employees... ...I don't know."
"Hmm."
"If I blame Song, Choi will be embarrassed, and if he scolds Choi, he will be embarrassed, and anyway, that's the problem."
I could understand Jang's concerns.
Moreover, it was a place where money was handled a lot.
"It's not combined yet, so let's wait and see."
"That would be good. And do you know about Group A?"
"Why? What happened to Group A?"
Group A creditors are recruiting strategic and financial investors at the same time as due diligence on K E&C assets. I think we're in a hurry to sell it.“
"I think that's because Group A's self-help plan went awry."
Group A has to sell one or two affiliates, as well as K Construction, due to its growing debt. By the way, who would take over K Construction, which is so big and bad in Gyeonggi Province these days?"
"The paper seems to be interested in Group M."
"It's just a bite, not a takeover. I opened the lid, and the financial statements are a mess. Who would do it?"
"Then what happens?”
"If we can't sell it, we'll have to run it until the creditors take over. And we're going to have to lower the debt ratio for the sale of one or two affiliates."
"Anyways, whether K E&C is sold or not, I think we have to sell one or two affiliates. Construction Chairman A must have a poo-chewing face."
"I think it will take some time to sell because K E&C is so big, and if we put out a good deal of money, it could be sold quickly sold."
I nodded.
The next day came.
SillaJen's share price was exceeding 50,000 won.
The unique account has an 8% return and my personal investment has been valued at 121.7 billion won.
I felt that SillaJen was going up very scary.
J.S. Holdings