Omniscient Investment Point - Chapter 214



Only Noblemtl

214. One more leap – 2

(1)

Before meeting with Mrs. Securities, I had to do some checking.

It’s not that I don’t believe Tak Jun-seok’s words, it was just information I could obtain from my position.

At the same time, I had to think about what I could do with the information I gained.

However, I thought long and hard about who I could get it from the fastest.

‘I think he’ll be okay.’

Someone popped into my head, so I quickly contacted them.

“Hello? It’s Dad, here I come.”

That was Kim Jong-ik, the father of my friend Kim Kyung-soo.

Actually, it wasn’t a difficult choice.

Good Day Group, of which he is the chairman, is in the construction materials sector, so he would be familiar with the overall construction market and the conditions of construction companies.

Moreover, since my two sons and I were involved, they were very welcoming.

Enough to invite you to my house that evening.

– And I felt like our life was like a son. So I was a little sad. Before we got married, I thought you would introduce me to someone who would become my spouse.

“Oh, yes yes. Then I’ll take you out for dinner later. Haha… … .”

I quickly made an excuse and headed to Kim Jong-ik’s house with Kang Hyun-ji, who had arrived just in time to get off work.

As expected, the two sons and their spouses from this household were also called.

“Oh my, how long has it been?”

“Okay. I’ll forget your face. Come visit often.”

“Sister-in-law, you have become more beautiful.”

“Let’s be friends~”

Everyone welcomed me warmly, so I, Kang Hyun-ji, was busy answering questions.

You prepared dinner so well that your legs would bend.

“Wow, are we going to prey today?”

“It’s normal to lose weight quickly before marriage. Eat a lot.”

“That’s right. But, Soo-myeong. After getting married, you strangely gained weight.”

“That’s natural. I eat whatever I want to eat and whenever my wife wants to eat.”

“If I have a baby, I’ll eat it more often.”

“By the way, how many children are you going to have?”

Although the questions were getting more and more intense, Kang Hyun-ji answered them all with a smile and cheerfulness.

Then, the conversation about gender gradually began to diverge.

As always, this guy Kim Kyung-soo brings up business talk.

“Su-myeong-ah, our father is finally giving us a lot of support. That’s why the hotel in Saemangeum is going up smoothly.”

It wasn’t bad for me.

Because we could naturally turn the topic to construction.

And as if this situation was familiar, the women went back to their chatter.

So I immediately heard Kim Kyung-soo’s story.

“That’s great. When will it be completed?”

“Early next year.”

“Wow~ It took almost 2 years.”

“It’s been three years. But construction isn’t easy. You can tell just by looking at Jeju Island, which hasn’t been built yet.”

“That’s right. Why do they just talk about it and don’t do anything?”

“They say it takes a long time to gather opinions from residents and conduct an environmental impact assessment, but in reality, it seems like it’s a money issue.”

“Money problem?”

“Oh, the real estate PF issue is getting a little heated these days.”

I didn’t mean to lead you on purpose, but the answer I wanted just poured out of Kyungsoo Kim’s mouth.

“I don’t know if you’ve heard, but almost all the biggest construction companies are going bankrupt. As a result, real estate PF defaults are pouring out. But most of these are guaranteed by local governments, right? Even if they don’t guarantee it, they have to take responsibility, so they have no choice but to be careful.”

“Ah, I see.”

As things flowed so naturally, I was able to comfortably ask questions to Kim Kyung-soo’s father.

“Father, is the construction market really that serious?”

“It’s no joke. On the one hand, this could be the bottom. So the places that survived will probably be okay in a few years.”

“One of them would be good day.”

“Well, since I manage my money very conservatively, there aren’t any major problems.”

How could I not know this old man’s cautious nature?

But judging from the way he said that, it seemed like he was confident in his finances.

Otherwise, he would not have pushed Kim Kyung-soo’s business so hard.

Even the lithium salt business was something that Good Day Cam had been trying to persuade Kim Kyung-jin for a long time, and he was so prudent that he decided on it only after securing our investment.

“The current resale market is at rock bottom, but old apartments are at an all-time high, right? As a result, windows are selling well. Furthermore, the prices of raw materials, which had been skyrocketing, have come down steadily, so last year’s profits were the highest ever.”

“I see. Well, while I’m at it, let me ask you one more question.”

“huh?”

“I heard that Su-seong ENC is having a hard time. Is that true?”

“It’s not that hard. It’s no exaggeration to say that we’re almost bankrupt. That was too much. There was no reason to buy the land in Cheongdam-dong at such a high price. What’s 1 trillion? 1 trillion? How are you going to afford that kind of money? Oh my~”

Bankruptcy seemed certain.

So that brings us to the second question.

“That’s right. Not only can you not pay back the principal, but you can’t even pay the interest. Oh, so that means it’ll be difficult to extend the maturity date, right?”

“Yes, that’s what it means when you say you’ve been declared bankrupt. But there’s one thing I can count on.”

“Huh? What is that?”

“It’s the birth of a new government. As you know, Susung E&C is a mid-sized construction company. In other words, it’s not small in scale. It even has a broadcasting station under its wing. If such a company goes bankrupt, there’s a high possibility that the subcontractors who supply materials to it will go bankrupt in a chain reaction. But I wonder if the new government will let this go. It’s really bad to go bankrupt right from the start.”

“That’s right… … .”

Perhaps, through the experience accumulated over many years, he seemed to have predicted the revival of Suwon ENC.

Of course, the odds weren’t high.

The new government is putting more emphasis on stocks than real estate.

There is a possibility that they will raise their voices about the failures of the previous government and inform people of the risks of real estate.

At least the Song Jae-hwan style that I know is someone who follows that method.

“But, Soo-myeong? Since you keep asking about Su-seong ENC, are you involved in something? Surely you’re not investing there?”

This question was asked by Kim Kyung-soo, not by his father.

I said this with a bitter smile, without nodding or shaking my head.

“It seems like we’ll get involved, but I’m not planning on investing in Suwon ENC.”

“Wow, that’s a good idea. That place has always been a place where the chairman has been yelling so much that even my father doesn’t do business there.”

That’s why he was so calm when he mentioned the bankruptcy of Suwon ENC.

If it was clearly about building materials, it could have been linked.

Anyway, since he was honest with me again, I figured there was no reason to hide it from him.

“Actually, I am thinking of acquiring a securities company, and it seems like they will take on the Susung ENC PF insolvency.”

“Really? A securities firm… … . Huh? By any chance, Madam Securities?”

“Wow, yes yes. That’s right.”

Do you know all the information going around in the construction industry?

Or, are you the type of person who carefully examines stories you hear in passing?

You’ve pinpointed the exact thing called Mrs. Securities.

“I see. How much is it?”

“It’s about 100 billion won. That’s why we offered exactly that amount of acquisition money, and they accepted it.”

“That’s great. Wow~ I thought our JTS was doing well, but now they’re even acquiring a securities company. We’re going to take it to the next level. Congratulations, Soo-myeong. Hehe.”

“Thank you, Father.”

The verification process is finally complete.

Now it’s time to do some prep work.

So I came back home and called Song Jae-hwan that night.

(2)

– hello?

“Are you busy?”

– I’m busy, but I need to take your call. I don’t know about other people, but you’re my number one priority.

I’ve felt this way since last time, but this gentleman who holds power is actually being humble towards me.

I think it is safe to say that the projects promoted by this government and the work I am doing are closely related.

– You wouldn’t have called me for no reason. What’s going on?

“I wanted to ask some questions about real estate.”

– Real estate? Suddenly?

“Well, I’m asking because I have a purpose, right? But this won’t be something that comes up later, right?”

– It’s a bit… … . Surely it’s not a request or a bribe or anything like that?

“Are you talking about something big? It’s just that the new government doesn’t have any policies to save real estate. As you know, the PF default rate has been serious recently.”

– It’s not serious. But we won’t touch the real estate market. That way, we can sound the alarm to people. The era of real estate will not come again.

“also…….”

– But why do you ask that? Are you thinking of investing in or acquiring a construction company?

I was misunderstood before, and this guy is misunderstanding in a similar way.

“No way. Instead, I’m trying to acquire a securities firm.”

– Huh? A securities firm?

“Yes, I think it’s time for us to take a leap forward.”

– Slowly? Are you talking nonsense? JTS is an investment company that has made unprecedented leaps forward. But you are even taking over a securities company? Where on earth are you planning to go?

“Where would it be? Of course, it’s at the top. You know everything.”

– Yeah. Since you’re doing it, try growing your investment firm to be bigger than Warren Buffett.

“Thank you for the kind words. Hahaha.”

Song Jae-hwan, who didn’t even intend to tell me, didn’t ask me where.

I hung up the phone and chuckled.

‘This is exactly the line we drew.’

Personal friendships can deepen.

But power is mutually beneficial to both.

‘Still, I wish our country could become like America… … .’

A world where anyone, whether a businessperson or a celebrity, can freely support the ideology or person they pursue.

I hope that day will come someday.

(3)

All the verification and pre-work was done, but a variable occurred.

That was not just a side branch, but a variable that could become a major stem.

“Huh? What’s going on?”

The next day, Kim Kyung-jin came to see me.

“I have something to discuss. Can you spare some time?”

“of course.”

I nodded, believing it was more business-related than personal.

Maybe it’s related to the conversation we had yesterday… … .

Of course, it started with Good Day Cam.

“How about lithium salt production?”

“At first, I was worried because the yield wasn’t good. But now, there’s no problem. The backlog of orders from cathode material companies is almost 7 trillion.”

“Really?”

“Yes. We are also aiming to turn a profit in the first half of this year.”

I stuck out my tongue as soon as I heard it.

Goodday Camp’s lithium salt production began in the second half of last year.

As is usually the case with secondary battery material companies, I heard that it was quite difficult to achieve yield in the beginning.

I thought it was caught up at the end of the year, but now I know they’re aiming to turn a profit.

At this point, do I think I’ve made another good investment?

“So what I’m saying is, if JTS acquires a securities company, you should take charge of listing it.”

“Huh? Are you planning to list?”

“We have to. We have to give the investment company an exit opportunity. But we’re not just going to list Good Day Cam.”

“then…….”

“Good day to the entire group.”

“… … !”

The winds of change are blowing.

Good Day Group, an unlisted, blue-chip company.

Are you going to take it to the next level?