Story of a Big Player from Gangnam

Currency exchange rate spikes (1)

(65)

My apartment was sold.

As soon as I was in the middle of the season, my apartment left quickly. The luxury apartment that Seoho looked at was no longer supplied, so there was a lot of buyers waiting. In fact, this apartment continued to climb up after Gu Gu sold it and hurt his stomach.

The apartment was sold for 4.25 million yuan because it was more than 2 years old. He sold two bonds, so he took 8.5 million euros into his hands.

“Let's pay back 1.9 million in cash from the Imagination Bank! ”

After repaying the loan to the imaginary bank, Gu Cho's bank account had 6.6 million yuan left.

“Korean money exchange is 792 million won. When China came in, it brought in 48,000, making a little more than 300 million won, in two years and eight months. It was the share of the people who received the anniversary salary in Korea! ”

Gu Gu, thinking like this, touched the account.

“You've earned more than Chairman Chungdam-dong said. As expected, the apartment must be in the most expensive area. That way we have economic growth plus alpha. If you go to Seoul, don't look at the metropolitan apartment, just look at Gangnam. Gangnam has a myth of defeat. As stocks go up, so do expensive apartments. This is the truth!”

Gu Gun-ho folded the Korean restaurant just in time for Mae Hyang Kim's return. I gathered the waiters and said,

“You'll have to leave the restaurant in a month. I was going to open for business until the contract period, but everyone seemed to have left, and I too decided to close the door. ”

The waiters just lowered their eyes and listened.

“There is no question that after the construction of the hotel after six months, you will open the restaurant again. If you have a difficult career, you can work at a different job. I'll take a break from the industry for now. We will contact you as soon as the restaurant reopens. ”

One of the lady in the cafeteria began to cry, sniffing. Other people also cried, but the young people, such as Ding Ling, Mae Hyang Kim, and the two waitresses serving, did not only bow their heads and cry.

“You're going to pay for the economy, right? ”

The woman in the kitchen who was crying stopped crying and said.

“Economic compensation?”

When Gu Gu was curious, Ding Ling came forward.

“If you look at the Joint Labor Administration Regulation of the People's Republic of China, there's an economic compensation. ”

Gu Gun-ho looked at Kim Mae-hyang's face.

“Economic compensation is about severance. ”

Gu Gun-ho was a goner. I should have taken over the employee's severance pay from the CEO who sold the restaurant, but I regret that I did not. But now I had no choice. In my head, I quickly calculated the bullet.

[Half are three or four years old and the other two years, so on average, three years will break 50,000 yuan if you work three years, because you have to pay three months' wages as severance pay. It makes sense for Korean presidents who come to China and do business to stay up late when they perish. If you don't give it to me, I'll be put in the air. Let's make it bitter but cheerful.]

Gu Gu said as if he had now known.

“Ah, severance pay! Of course I will.”

The words broadened the faces of those who sniffed and smiled.

Gu had 250,000 yuan saved up for the next funnel. Gu took some of these and put them in an envelope and gave them to the employees as severance pay.

“Thank you."

Gu Gunho put money in the envelope again. In addition to his severance pay, he gave 500 yuan in alimony.

“Huff! Thank you. ”

I was thankful for all the extra money I didn't expect. Ding Ling and Kim Mae aroma were quietly summoned separately and gave 2,000 yuan each as a bonus.

The next day, Gu Gu Hae went out to the restaurant.

With the lights out, all the chairs were placed on the table. I got a call from Mae Hyang Kim.

“Tsk, thank you for the allowance. This is the train station now. Be well. I'll see you in Seoul if I see you. ”

Kim Mae aroma sounded more cheerful than when she was in the restaurant. Ding Ling came out at the end of 12 o'clock.

“Rat, when did you get out? ”

“It came out earlier. The hotel has informed us that they will not be operating from today. ”

“W-what about all the utensils here? ”

“I can't take all this to Korea and how can I really do it? ”

Ding Ling smiled as Gu Gun Ho laughed.

“If you're thinking of reserving a restaurant, where would you keep it or I wouldn't have to sell it for the right price. ”

“Let's sell it for now. ”

“Shall I find out? ”

“Here's what we're going to do. I've put the industry out of business with the tax authorities, but Ding will take care of it since there's a problem with the Mandible Food Co., Ltd. corporate dissolution. Throw away all the pennies here that Ding spent on transportation. ”

“Can I do that? ”

Gu Gu also rented an apartment.

“Since the Korean restaurant is closed, the invested Hwaseong apartment is sold, and the rented lake house is rented, there's only one thing left to go to Korea. ”

The rental apartment was rented to a Korean resident the day after my rice paddy.

“You're coming in after ten days? You've got ten days. Since we're graduating from school and not going out to the restaurant, let's go to Shanghai and exchange Chinese currency for Yuan and take this opportunity to travel to China. ”

Gugunho stopped by the National Bank in Hongchao, Shanghai.

It was to convert foreign currency transfers from a fantasy bank into Korean money.

“We are going to convert 6.6 million yuan into Korean money. ”

“Oops, that's a lot of money. Looks like you got your business together. ”

A person named the bank manager was a little surprised to see the amount of the money transfer request.

“Yes, it is. ”

“This is not a travel expense and you should report this amount to the foreign exchange authorities. Do you have any pertinent documents for your business? ”

“Here's a copy of your termination certificate. ”

The bank employee looked at the computer for a long time.

“Can we just deposit the money we converted into this account? ”

“Yes.”

“I think you've succeeded in your Chinese business. Many of you have failed because of China's difficult business. ”

The bank employee smiled and gave me a bank account. Gu was greatly surprised to see the account. The amount stamped on the account was not KRW 790 million, but KRW 1.74 million.

“I think there's something wrong with this. ”

“There's nothing wrong with that. Isn't the selling exchange rate 178 won today?” (Currency at the time)

“Sell Exchange Rate!”

Guggenho saw a billboard pointed to by the banker. The selling exchange rate was clearly 178 won.

“Huff! 178 won! ”

Two years and eight months ago, when Gu Gu Cho entered China, the purchase exchange rate was 120 KRW, but the current sale rate was 178 KRW. Guggenho trembled all over.

When Gu Gu came to China, the Korean restaurant management was almost ruined, but he made a lot of money by investing in an apartment. He brought in 480 million won from an old restaurant and made close to 700 million won.

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* Note: As of December 18, 2017, the current RMB is RMB 156.33.

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