Omniscient Investment Point - Chapter 253



Only Noblemtl

253. Things I knew but couldn’t do – 2

(1)

The following Monday, Taesu Lee came in person with the report.

After reading through it, I realized that it overlaps with the presentation that was given last Saturday.

No, that’s exactly what it said.

So, I told him to send it to me via email or KakaoTalk messenger from now on, and told Kwak Hyun-woo to prepare for the business trip.

“What if it’s a business trip?”

“Let’s go to Saemangeum.”

“Huh? No, not that far… … . Are you sleeping over?”

“Well, I don’t know, so pack your bags and come back to the office.”

“Yes, yes, I understand.”

The reason for going to Saemangeum was simple.

Since that place will become the center of renewable energy in the future, I decided to familiarize myself with it.

Of course, this wasn’t my first time, but it’s been over a year since I went.

I’m curious about how things have changed in the meantime, and I’m also planning to check on my friend Kim Kyung-soo’s hotel to see if it’s being built well.

Additionally, I contacted Do Chan-gyu on the way.

“grow.”

– Huh? Representative hyung!

“Where are you?”

– Hey, you know I practically live in that lab.

What the guy said is true.

Do Chan-gyu lives mostly in the laboratory.

There were many reasons, but now we are stuck with hydrogen extraction.

There was also a joint development project with POSTECH, and we were serious about extracting hydrogen buried in Block 7.

“Then I’ll stop by for a bit.”

– Excuse me? Wow, it’s been a while since you’ve been here?

“Okay, Inma. Check how well you’re doing, and buy me something delicious.”

– Me, well. I always do well. I’m risking my life because I’m also going to be listed on NASDAQ.

“What, even your life? You shouldn’t say something like that so carelessly.”

– Hehe, I understand. Anyway, take care.

As soon as I hung up the phone, Kwak Hyun-woo asked a question.

“Are you stopping by because of the STO token you heard about last week?”

“Oh, that’s right. Echo and F are the same, and Saemangeum is the same.”

Eco & F is a renewable energy startup that needs no introduction.

It was a place where we would naturally continue to hold hands in the future.

“I’m really looking forward to seeing how big it will become.”

“Yeah, me too.”

“But the renewable energy cluster in Saemangeum seems a bit slow?”

“Right. That’s why I’m going to go check it out. I’m also going to check out how much construction is going on at Kyungsoo’s hotel.”

“Oh? That’s right. There was also the Good Day Hotel. Come to think of it, I should meet with President Kim sometime.”

Come to think of it, I didn’t even contact him.

So I called back again.

– What? You’re coming to Saemangeum? How did you know I was here?

“Of course I didn’t know. What a coincidence.”

– What time do you think you’ll arrive?

“Well, I guess it should be sometime in the evening.”

– Great. Then, I’ll ask Chef Jeong to make me something delicious.

“Chef Jeong? Could it be Chef Jeong Pyeong-ho?”

– Of course. Hey, is it possible that the Chef Jeong I know is someone else?

Chef Jeong Pyeong-ho was someone who had a connection with us.

At first, Kim Kyung-soo, who was trying to start his dream of becoming the king of hotels, met him during the process of taking over the Pyeongtaek Hotel, and later scouted him and hired him as the chef at the Good Day Hotel in Samyang.

Then, we returned to the hotel in Pyeongtaek… … .

“No, wasn’t it over after selling the Pyeongtaek hotel?”

– What are you talking about? Why am I letting someone this talented quit? When the Saemangeum Hotel is completed soon, I’ll pay him a salary and hire him to be the head chef.

“omg…….”

– Oh, it’s not like he doesn’t do anything. He works in the cafeteria at the Good Day Cam R&D Center in Ocheon. That’s why the people there are so lucky. They get to eat this gentleman’s fancy food.

“haha…….”

Once this guy makes a connection, it’s the type that it lasts a long time.

But, there was something else I was curious about.

“But why are you there now?”

– Why? Because it is nearing completion.

“Wow, already?”

– Already? It’s been almost two years. In the meantime, our company has introduced a new BIM process and shortened the construction period by half.

“ah…….”

It’s a BIM process.

I don’t know what it is, but since Good Day is a construction-related company, it seems like they’ve developed a new technology.

– Of course, the hotel will open early next year. At the earliest, it will be the end of this year. Right now, the restaurant and a few rooms are completed, so it’s fun to come here and look around sometimes. This time, we brought Chef Jeong to the restaurant to test-drive the kitchen team.

“I see?”

My friend, who dreams of becoming the king of hotels, seemed to be preparing very thoroughly.

‘By the way, how is the acquisition of Good Day’s construction company going?’

I hung up the phone, thinking I’d have to ask Kim Kyung-jin about this later.

But after a while.

“hello?”

– You said you were coming here?

How did you know, he called me.

“Rumors spread so quickly. Are you there?”

– Oh, I also try to come down here three days a week.

“I see? That’s good. While I’m there, I’ll stop by and see you later.”

– Yeah. Oh, what about lunch?

“I haven’t eaten. Can I get something to eat at the cafeteria?”

– Of course. Oh, but Chef Jeong is absent today.

“I know. Anyway, I’ll see you later.”

– Okay, come down carefully.

Chef Jeong Pyeong-ho’s skills are still alive and well.

No, it felt more like an upgrade.

This is why Kim Kyung-jin also regrets his temporary absence.

‘I guess I’ll be able to eat dinner in Saemangeum anyway.’

I’m looking forward to it for no reason.

Jeong Pyeong-ho’s cooking skills.

(2)

When we arrived, it was already time for lunch.

So I invited both Do Chan-gyu and Kim Kyung-jin to dinner.

“But Chan-gyu, are you eating here too?”

“Of course. This place is really killing me. But Chef Jeong, it’s a shame that he’s not coming today.”

“What a pity. If you had come another day, it would have been really delicious.”

It seems like the two of them didn’t hear that I was going to Saemangeum where Chef Jeong was.

In other words, it was clear that Do Chan-gyu had told Kim Kyung-jin that I was coming here.

“By the way, why did you suddenly ask to see me?”

As soon as Do Chan-gyu received his meal and sat down at the table, he asked me the purpose of my visit.

“I have some good news to tell you.”

“Good news? What is it?”

“Of course it’s an investment. The more money you have, the better, right?”

“Oh, I’m looking forward to it.”

“Do you know about STO token securities?”

“I know. I do that too. Investing in real estate pieces.”

“Okay. Actually, we are planning to issue STO token securities? But, this is uniquely eco-friendly and renewable.”

“uh?”

The guy’s eyes turn round.

What he said while doing so.

“No, then it’s the same as receiving a public offering even if it’s not listed.”

“What, why are you asking so quickly? Without going through the intermediate steps?”

“There’s no need to waste time. Let’s invest in a piecemeal stake in our company through STO token securities. Isn’t that it?”

“That’s right, Inma.”

“Wow, that’s great. We needed more investment anyway.”

In fact, for something like Echo & F, you can just raise funds from somewhere else.

Because it was already making money and had a promising future, domestic investment companies always placed it at the top of their investment priority list.

“It’s a bit odd that the stakes of the existing investment representatives are increasing too much, but other companies are trying to undermine our company’s evaluation. If it’s STO token securities, it seems like it would be possible to raise new capital.”

Here, Kim Kyung-jin intervened.

“Is that okay as long as it’s eco-friendly and renewable?”

“Oh, of course.”

“Well, I heard in our country that no more money will flow in that direction?”

“That’s not true. This is going to be a long story, but listen.”

I quickly relayed what I had heard from Lee Tae-soo of JTS Securities a while ago.

Then the two people listened to my story with sparkling eyes.

After that, when we were about halfway through eating our meal, the conversation ended.

“We need to popularize hydrogen energy quickly, right?”

“I know.”

“Brother, you did a good job of taking over that company at the right time.”

“Is that so? Hahaha.”

When the takeover came out of Do Chan-gyu’s mouth and Kim Kyung-jin did not deny it, I asked with a puzzled face.

“A takeover?”

“Oh, to be exact, we are conducting due diligence for acquisition.”

“Where?”

“I don’t know if you know, but there’s a company called Poongkuk S&C… … .”

“Huh? Where do they make wind towers?”

“Right. Hahaha.”

Poongkuk S&C is a company that produces wind towers, i.e., support structures for wind turbines.

In particular, many orders come from overseas rather than Korea, and recently the company has been struggling with deficits.

Although renewable energy itself is the right direction for decarbonization, as the saying goes, there is no business in a recession, and countries around the world are struggling to catch their breath.

“Even though it was a loss-making company, we decided to acquire it with an eye on the future, and we were lucky.”

“Of course. Right now, if Korean companies want to sell their products in the US and Europe, they have to meet RE 100.”

“Moreover, if JTS, rather than any other company, were to issue STO token securities? That might alleviate some of the concerns about funding.”

“Maybe so. Oh, but did you give up on the construction company acquisition?”

“Folded? Just taking a break.”

“Oh, so it looks like you’ve also developed a new BIM method.”

“Huh? How did you know that?”

“I heard it from Kyungsoo.”

“Ah~”

A smile appears on Kim Kyung-jin’s face.

And then he said.

“That’s right. First, we are looking at the situation and trying to take over, so we are strengthening our R&D investment internally. As a result, we have accumulated know-how and have developed a new BIM method.”

“I don’t know exactly what it is, but I think there will be tremendous synergy after acquiring a real construction company.”

“I hope so too.”

Good Day seemed to be concentrating on its internal affairs, saying that it would take a break while it was at it.

But, coincidentally, when he was getting up from the table after finishing his meal, Kim Kyung-jin’s smartphone rang.

“huh?”

Kim Kyung-jin tilts his head and shows me his smartphone.

[Panyu Seong]

‘… … !’

The person who called Kim Kyung-jin was surprisingly the chairman of Susung E&C, Pan Yu-seong.

“Wouldn’t it be better not to accept it just once?”

Kim Kyung-jin smiled faintly and ignored Pan Yu-seong’s attempts to call.

I smiled faintly too.

‘It’s a tall order.’

It seemed easy to guess why Pan Yu-seong had called.

‘By the way, is the debt extension coming to an end?’

Suwon E&C is a construction company that was struggling with bad debt.

When the place was on the verge of bankruptcy, it was Good Day Group that extended a helping hand.

But now that I think about it, it feels like I used Good Day as leverage to extend my debt.

After extending the debt, he suddenly threw in the towel by saying he would sell the affiliates separately, and in the end, Kim Kyung-jin made it seem like it never happened.

It seems that they were trying to find a breakthrough within the extended debt period.

‘I guess it failed.’

It was a waste, and I thought it would be good if Kim Kyung-jin could embrace Su-seong ENC by cutting it even lower than last time.