Story of a Big Player from Gangnam

(47)

Chairman Lee continued.

“When the bank took the bill discount from the private loan sharks, the private loan sharks got frozen. So I left Myeong-dong private loan market and came to Apgujeong-dong, Gangnam, to start investing in the apartment. Gangnam apartments were expensive then, but I was confident they would go up. People like convenience, but they've also noticed the need to show off that they live in a good neighborhood. ”

“You must have made a lot of money investing in your apartment. ”

“I did. Then I got IMF. ”

“Oops, you must have lost something back then. ”

“No.”

Lee shakes his head.

“I rejoiced that there was a great opportunity to make money. ”

“Yes? IMF? ”

“Just before the IMF came a crack in the economy, the ministers came out, and we said," Fundamentals are fine. However, for a long time in the private market, I saw the opposite. I had already sold dozens of Apgujeong-dong apartments to get cash and sold all the bills I had to get cash. I thought cash was the only way to live. ”

“Yes, you did. ”

“When the IMF exploded, the buildings that couldn't afford the rising interest rates came out as property, and businesses went bankrupt. At that time, I wanted one because there were 25 billion buildings in Cheongdam. ”

“Oh, yeah. ”

Kwon and Park Jong-seok, who were next to him, were also interested in listening to Lee.

“Do you know how far that building is now? ”

“Well, 30 billion? 40 billion? I don't know.”

“200 billion now. ”

“Huff! 200 Billion! ”

“You know what your bank manager said when he came to see you? Your building has no debts, so I'm willing to lend you 100 billion. Then they pleaded with their bank to secure another building for auction. I don't need 100 billion, I get 60 million, I give 40 billion, I buy the paper mill, and I buy the little building for the other 20 billion. ”

“Oh, I see. ”

“Paper companies saw a growing demand for cardboard products. Just when my son came back from his American studies, he took over a company he thought he should pass on. Now I've repaid all the 60 billion that I originally borrowed from the bank. Paper companies are growing in assets, now more than 100 billion. The little building's about seven billion now. ”

“Huff!”

All three people who were listening were gasping and amazed.

“I'm not greedy anymore. I'm just fishing like this. The time has passed for making money on bills and real estate. As paper bills become B2B, real estate has gained more than taxable income. It might not be possible to get up there in the future. Maybe inequality can become a fixation. ”

“Phew.”

The three people I was listening to sighed equally.

“Do you know why I've been quiet for so long today? ”

“I don't know. ”

“You're saying the Guards are going to China. ”

“Yes? China has yet to decide. I'm just going to see what it's like. ”

“I don't know much about business. I heard that most of the Korean companies that have gone to China have fallen apart and that many private operators are being scammed. But one thing's for sure. ”

“Yes? What is it? ”

“Real estate.”

“Yes? Real estate? ”

“What is China's economic growth rate? Close to 10 percent? 30 percent in three years. Real estate must keep pace with economic growth. Plus, if it's boom, there's a plus alpha. ”

“Then China's real estate will continue to rise. ”

“No.”

Lee shakes his head to the left and to the right.

“If the real estate continues to rise, the Chinese government will plunder the knife. Like my country, we need to dig up three cents, and China doesn't want to make a big difference. Chinese real estate is now a golden age. Even if it's not great, the economic growth rate must be covered. Pay attention.”

When Gu said this, he shut up to say, ‘I don't have any money to invest in real estate.' Chairman Lee was sure that he would say, 'You, you took some company money and made some money when you were in charge.' He seemed to be a scary man who knew everything.

“Haha. I'll be sure to check. Thank you for your input. ”

“Oh, one bite! ”

The leader raises the fishing rod.

As the sun went on to western San, Lee and Kwon went around, while Park Jong-seok and Gu laid their mats and drank. Park Jong-seok said while drinking soju in a cup.

“Chairman Lee is also a strange person. Tell him to pay attention to real estate because we have some money. ”

“Haha. I see. ”

He said this, but Gu Gun Ho whispered to himself while drinking soju on a paper cup.

“As expected, Chairman Lee is a master. Rookies like me are super-asses with untouchables. ”

Guggenho met his bald uncle at Gimpo Airport.

“We've also reserved a hotel for you to stay in. ”

“Chinese hotel? Isn't the hotel expensive? ”

“I did it in 3-star ratings. You can sleep at a motel in my country. ”

“I understand.”

“By the way, my name is Transitional Fever. I worked in group L for a long time and then retired three years ago. ”

“Oh, really? What happened to the Chinese restaurant? ”

“The last place I worked was a group L terminator. I went into business after retirement and got caught up in some sort of scam, robbed my pension and bought out a restaurant in Hanju for 5,000 or so. I didn't start it, I acquired it. ”

“Oh, I see. ”

“I heard you were working. ”

“Yes, I did a little. He worked for an electronics assembly company in Asan. ”

“Oh, so you're not the original businessman. ”

“It was my first time doing business in Noryangjin. Oh, and there's a lot of age difference. ”

“I don't... If you didn't exchange the currency, you can do it here." ”

“How much? ”

“Take care of 200,000 or 300,000 won. The exchange rate today is on the light board up there. ”

Gu Gun-ho changed KRW 300,000 into Chinese money. At that time, the purchase exchange rate when Gu Gun Ho entered China was 120 to 1. You received ₩ 2,500 in Chinese money.

When I got on the plane, everything was amazing.

“Hiya, I got on an airplane and got rescued! Even though I forgot 2,000 in Noryangjin! ”

As the plane flew into the sky, Gu Gu looked out of the window. I see nothing but fluffy clouds. Seeing his face next to him, he was dozing off tired.