Episode 110. Loan Super Fund.
The vice president nodded.
“great. Then I’ll try to convince the construction executives to hand over the Eunha Tower to CEO Kang.”
“haha. thank you They gave me the shares and gave me the building cheaply.”
“It’s not free, so don’t like it too much. Keep your promises.”
Three days later, the board of directors of Gowon Construction made a decision to hand over the Eunha Tower to me.
The next day, the acquisition contract was signed.
Vice Chairman Jin made a disappointing expression as he signed the contract.
“We wanted to make Eunha Tower our new office building, but it’s sad that we have no choice but to pass it on like this.”
“haha. Gowon Construction, you can make good use of it and build a better building next time.”
“..Nevertheless, I’m glad that the buyer was CEO Kang, not Lone Super. They have no love for buildings. I didn’t like them from the beginning because they only thought of raising the price and selling it at a higher price.”
“I am different. I will cherish it, take good care of it, and use it properly.”
“okay. Please do that.”
#When the rumors spread that the office building was being relocated to the Eunha Tower in Teheran-ro, from that day on, the topic of all employees working at Daha Building was ‘new office building’.
Employee Yang Yu-hoon asked Deputy Kim.
“Mr. Kim. Have you been to the Milky Way Tower you are going to move to?”
“Of course. It’s said to be the tallest building on Tehran-ro, so can’t you go?”
“How are you? like?”
Deputy Kim raised his thumb with both hands.
“best! Absolutely great!”
“..so good?”
“yes. First of all, the top is on the 45th floor.”
“Are you on the 45th floor? It’s very high.”
“okay. I haven’t been able to go up to see it since it hasn’t opened yet, but looking down at Seoul from there, how would the view be?”
Yang Yoo-hoon swallowed his saliva without realizing it.
“..is that right? What floor is our office on? Maybe the 45th floor?”
“It won’t be. They said that the top floor is used exclusively by the CEO and the director. Anyway, since we’re headquartered, they won’t give you such a low floor. If you were on the 40th floor, you would be able to see all the rooftops of other buildings. Just imagining it is thrilling.”
“I want to move soon. When will the director leave?”
“They said they would be able to go in two weeks.”
Yang Yoo-hoon clenched his fist.
“okay? Oh, I’m really looking forward to it.”
“So do I. I already took a picture of the building and posted it on Nyworld. The comment box was covered with a message of envy. haha.”
However, unlike the excited employees, Jae-Woon and Dae-Won were in a difficult situation.
Daewon asked Jaewoon.
“What are you going to do?”
Jae-Woon made a face of a pain in the butt.
“Where did you come to ask to be on the 40th floor or higher?”
“Hi-Cast, Road Driver, Hongin Media, Tablet Division, Nai World Division, and even Manager Park Si-Woong.”
“..except for entertainment and daycare, everyone came to visit.”
“yes. Because there aren’t many people in the entertainment industry in the first place, and the daycare center has already been decided to use the 2nd to 4th floors.”
“How did you do this? If you give me another layer, I’m sure you’ll feel sad that you’ve been pushed down from importance.”
Jaewoon thought for a moment, then lifted his head.
“I just cast lots.”
“..swallows?”
“yes. No matter what the criteria, complaints are bound to arise, so I think it would be better to make a clean decision based on luck.”
“..okay. That would be fairest.”
Eventually, a lottery was held.
The number of floors was decided in the order from the tablet division, led by Chae Sang-ah, the queen of swallows, to Hongin Media, Damoye Shopping Mall, High Cast, Nai World, Road Driver, and Entertainment.
#Tablet Division Manager Hongmin Ko was having a drink with a high school classmate he had not seen in a long time.
A classmate, a famous bank employee, said to Ko Hong-min.
“You called me crying to say I was quitting Hwansung Airlines, but were you still alive?”
“..forget that.”
“haha. Look at what you’re doing, man. Is it worth going to that Damoyeonga company? Isn’t it better than a big company?”
Go Hong-min shook his head.
“do not say that. It’s a hundred times better than the Hwansung Airlines I went to before.”
“..Hey, it’s not even a big company? What’s so good about it?”
“It’s not one or two things that are good, but above all, the treatment is good.”
“Daewoo?”
“okay. Do you know what my salary is? One and a half million.”
A classmate asked in amazement.
“What? 150 million? That’s four times my salary?”
“yes. The rank was also raised by one level. I am now the manager.”
“..it hasn’t been two years since you entered. But already?”
“This is a place where you can only look at your abilities. It’s perfect for me because it’s an atmosphere where you don’t get promoted after completing your annual leave, but as long as your performance is good. Besides, the office will be moving soon.”
“Where?”
“Tehranro Galaxy Tower.”
The classmate was surprised once again.
“..Is it possible that the Milky Way Tower is the best among the buildings in Teheran-ro, which is famous for being expensive?”
“right. It’s not even a rental, because our company bought the whole thing this time.”
The classmate didn’t have the energy to be surprised anymore, so he just laughed.
“haha. Everyone, I thought it was just such a small business, but I guess it wasn’t.”
“Of course. In a few years, perhaps, it will become as famous as, or even more famous than, Hwan-Sung.”
A classmate raised a glass.
“Huh. I came to comfort you, but I was the pitiful one. Hong Min-ah!”
“How can I not get my place in your company?”
#Lone Super Fund Korea branch.
Representative Yuhan-min was sweating coldly while holding the phone.
“CEO Yoo. How did this happen? Are you saying that buying the Galaxy Tower is nothing?”
“…it was like that. Since Kowon Construction is on the verge of bankruptcy, I thought that it would not be difficult to take over, but an unexpected competitor intervened and made a mistake.”
Lone Superfund Chairman, Acre asked.
“A competitor, have any foreign private equity funds other than us jumped in?”
“It is not. The opponent who stole the Eunha Tower this time was a Korean corporation called Damoye.”
“..a corporation? That’s weird. Was there any company in Korea that could afford to mobilize such a large amount of money at this time?”
“It is a difficult time for large companies such as Hwansung and Gowon, so I did not know that such a company would exist. However, I found out that Damoye recently released a new product called D-Tab and became a huge hit. It seems that he has raised quite a bit of cash for that. The company was interested in Eunha Tower… I’m sorry, Chairman.”
Of course, since Lone Super is not a small fund, there were several investments in progress other than the purchase of the Galaxy Tower.
Acre was the most interested and the largest investment was the purchase of the Eunha Tower.
The acres were bitter to taste, but he spoke sooner or later.
“…it has already passed, and there is nothing we can do about it. If this happens, we will have to push the next plan a little bit and execute it.”
“What is your next plan?”
“I’m talking about equity investment in Yuhwan Bank.”
“Well. If it is a currency exchange bank, the price has dropped a lot since the IMF, so it is a good investment target. However, under domestic law, loan super funds are classified as industrial capital, so it is impossible to acquire more than 10% of a stake in a bank. It seems difficult to expect a large investment return with only 10%.”
According to the domestic banking law, only investors connected with foreign banks or domestic financial companies, that is, financial capital, were allowed to acquire more than 10% of a stake in a commercial bank.
Acre grinned.
“Are there any exceptions to that?”
“Exceptions… clauses?”
“yes. Industrial capital can also be acquired if the BIS ratio of the financial company to be invested is less than 8%. That clause.”
BIS rate.
BIS (Bank for International Settlement), that is, the International Settlement Bank, which is in charge of mutual settlement between central banks and commercial banks around the world, uses the BIS ratio as a criterion for judging the soundness of banks.
This is calculated as ‘equity/risk assets’.
Generally, when the BIS ratio falls below 8%, it is treated as a bad bank.
“..There are such exceptions, but even though Yuhwan Bank’s business condition has deteriorated a lot, the BIS ratio is consistently maintained at 8% or more, so it is difficult to apply that provision.”
Acre’s voice lowered at those words.
“I didn’t put CEO Yoo in that place to hear me say no. If the BIS ratio of a currency exchange bank is over 8%, you can lower it below that. Find a way. If you can’t find it, tell me in advance. There are plenty of people who can take their place.”
Yuhan-min hardened his face and answered.
“no. President. We will find a way to lower the BIS rate.”
“Then I’m sure you’ll tell me a good story the next time you contact me.”
After hanging up with Acre, Yuhan-min fell into thoughts.
‘How did I get to this place? I can’t go away like this Let’s think about it. What should be done to lower Yuhan Bank’s normal BIS ratio? I think it would be best to use a bank insider to manipulate documents… Since it would be difficult to take it as an issue, I would have to lobby the FSS, and there would be a lot of work to do.’
Due to the intervention of fortune, the ‘Lone Super Fund’s takeover of Yuhan Bank’, which later became famous for the worst scam controversy, started two years earlier than the original future.
#Mid March.
I said to the executives who were sitting in a row on either side.
“As you all know, line 4, the industry’s first 5th generation line, has finally been completed. Managing Director Chanmyung Kim, who was in charge of setting up the 4th line, did a great job. Let’s give it a round of applause.”
Kim Chan-myung was originally in charge of the 2nd line.
His ability to use it only for line management was a waste, so I entrusted him with the setup of the new 5th generation line.
As expected, Executive Director Kim finished setting up the new line without any major problems.
While our competitors were still building the 4th generation line, we completed the 5th generation line, one generation ahead.
“You did a great job, Executive Director Kim!”
“Good job!”
Executive Director Kim scratched his head as if embarrassed.
“..thank you all. However, I am not the main character in this line setup. All facilities were selected by the CEO himself, and the order and location to be placed on the line were also designated one by one. Surprisingly, even the processes that were expected to be difficult to set up due to the large disk were not difficult to set conditions. I never thought that something like this would be possible, but you are the CEO.”
“haha. Thanks to me. It’s because Executive Director Kim did a good job.”
Executive Director Kim shook his head.
“It’s not like that. When I first built the 2nd line, I set it up, but I still can’t believe it when I think about the situation at that time. The original setup is difficult because it causes unexpected problems, but this time it passed so quietly that I did not realize that I had set up a new line. Working with the CEO, I had a rare experience that felt that line setup could be this easy.”
The executives nodded at that.
“It was no coincidence that he devised an electrode structure for a TV panel.”
“Actually, you know about LCD that much, so it must have been possible. Awesome!”
Even though Executive Director Kim lifted me up too much.
Thanks to you, it’s good that no one thinks I don’t know LCD anymore.
“With the completion of line 4, CAPA (production capacity) has increased 2.5 times compared to the previous one. So now, we will produce monitor panels in addition to TV panels. Director of the Institute, please open the prepared materials and explain.”
