Chapter 10
Chapter 10
Taegyu said.
“Ah! i have a good idea now How about this?”
Usually when he says something like that, it’s bullshit.
Again, the feeling is ominous.
“What?”
Taehyung’s story was simple.
“I will give you the capital. you have super powers That’s how you invest and split it in half. What do you think?”
“OMG······.”
Let’s foretell with super powers and split them in half?
It’s such a good suggestion, so I’m tempted to listen. However, investments are always accompanied by losses.
No one in the world invests to lose money, but the reality is that there are more people who lost money than those who made money from investing.
“Then what if you fly? Am I paying half?”
“Do you have any money to ask? It was unavoidable then.”
That’s right.
Realistically, if you throw a lot of money, there is no way I can ask. In the end, the profit will be split in half and the loss will be borne by Taek-gyu alone.
Can I make a contract like this?
“This is money eating money.”
If possible, I would like to
But in reality, there is a big problem. As Taek-gyu said, even if this is a superpower, there is no guarantee that what you see is 100% correct. Maybe it’s randomly showing a reasonably high probability future.
Can you trust only the hologram that appears in front of you and invest?
In investing, information must have a solid source and justification. Otherwise, the information is virtually useless.
I keep getting it right, but what if I get it wrong next time?
Even if all the swans I’ve seen so far are white, there’s no way the world won’t have black swans.
If our foresight is wrong and we blow billions, will we really be able to handle the situation?
But what if superpowers are real?
As Taek-gyu said, this is a huge opportunity. I have superpowers, and Taek-gyu has 13 billion won.
Wouldn’t it be possible to make a lot of money just by investing with foresight?
Taek-gyu held out his right hand as if hesitating to me.
“My friend, take my hand. If we hold hands, we are investing together.”
“What if I don’t catch it?”
“I will never see you again.”
I looked at Taek-gyu’s face and outstretched hand alternately.
After thinking for a while, my phone suddenly rang.
Tirling!
It was Minyoung who was hypermotivated. Once I got the call
“Hello.”
[I was going to have a drink with Ki-hong in Hongdae later, would you like to come? You said that you were discharged, so let’s meet.]Senior Ki Hong was majoring in business administration when I entered the school. He has a good personality and has a good reputation, so his juniors followed him well, regardless of gender.
Me and I are quite close because we do club activities together.
I didn’t see him after he went to the military, but in the meantime, I heard that he graduated and got a job at KYB Investment & Securities.
“How long can I go?”
[We decided to meet at the bar in front of the school in an hour.]“Okay.”
I looked at Taehyung again and said.
“I have an appointment now, so let’s go and talk about the details.”
As I slowly backed away, Taek-gyu screamed in embarrassment.
“Hey! Don’t go, nigga!”
* * *
Upon entering the basement pub, Minyoung and Kyungil were seated.
Minyoung waved her hand.
“Hey! Sergeant Kang!”
“Now I’m a reservist.”
Kyung-il asked with a smile.
“How long have you been seeing each other? Is it worth going to the army?”
I spoke my honest opinion.
“If you can, don’t go.”
These are the motives I met after almost two years.
Still, thanks to frequent contact with Min-young, I was able to learn a little about what had happened in the department.
Across the street were two girls they had never seen before.
“who······?”
Kyung-il answered my question.
“Ah! say hello 1st year students this year. This is our classmate, Jinhoo Kang. She was in the military and just came out.”
They looked at me and got up and bowed their heads.
“Hello, senior.”
“I heard a lot from Min-young.”
The name of the girl, who was tall and dyed blonde, was Shin Yuri. And the name of the short-haired girl with short hair was Hwang Ji-hye.
Even considering my lowered eyes after being discharged from the military, they both look pretty.
The Department of Business Administration is a place with severe masculinity due to the nature of the course. Although the number of female students has increased a few years ago, there are still a lot of males at 7 to 3.
Therefore, female freshmen are welcome in themselves.
Compared to Min-young, who came out dressed roughly, Kyung-il had even applied wax to her hair to give her strength.
Kyung-il lowered her voice for nothing and said to her Yuri.
“Drink slowly, Yuri.”
“Yes, sir.”
“When I was in my sophomore year, I would have listened to Professor Myung-Jun Kim’s lectures, but if you could give me some advice on the professor’s teaching style…”
In fact, he paid so much attention to the subject of a topic that he had lost all his credits for and the lectures of female juniors. It’s my motivation, but I’m so proud of it.
“Who is Ki-hong?”
“I’m a little late for work. Let’s have a drink together.”
Kyung-il filled my glass with soju.
“Are you going back to school next year?”
“I’m thinking.”
The family affairs and tuition problems were completely resolved. There is no problem with returning to school.
Would you like to return to school as soon as possible and graduate as soon as possible?
We clinked glasses and chatted. The glass was empty and I was about to pour the drink, but my other hand grabbed the soju bottle first.
“I will follow you.”
Glass filled my glass with alcohol.
“Uh, thank you.”
“I’d like a drink, too.”
I filled her glass with alcohol.
“Drink well.”
Kyung-il, who drank at a similar rate, was already drunk and talking nonsense. Hwang Ji-hye was also half-closed with her eyes closed.
However, Shin Yu-ri looked fine except for her cheeks were a little red.
she smiled and said
“Up to three bottles of soju is enough.”
Kids these days drink too much.
As I continued to drink on an empty stomach, I quickly became intoxicated.
After 30 minutes of laughing and chatting, a man in his late 20s, wearing a suit and tie, came in.
Minyoung quickly raised her hand.
“I think so, senpai!”
“Is everyone doing well?”
It’s a different feeling to see him wearing a suit instead of just seeing him wearing a sweatshirt every day. In a good way, he was like a member of society, in a bad way he was like an uncle.
Senior Ki Hong said as he sat down.
“Hey! Long time no see, Jinhoo Kang. How was your military service?”
“Yes.”
“When you go on vacation, call me, sasha.”
I smiled.
“You were busy getting a job. How you doing?”
“I just live.”
Min-young filled Ki-hong’s glass with soju.
“It’s better than the other seniors who didn’t get a job. Isn’t the financial sector also reducing new hires these days?”
Senior Ki Hong poured her soju into her mouth at once with a tired expression.
“Probably so. CB would be better, but IB will have fewer new hires next year than this year.”
There are two main types of banks.
It is a commercial bank and an investment bank.
Commercial banks make profits through deposits and loans, while investment banks make profits through investment by collecting capital.
In Korea, the former is simply called a bank, and the latter is called a securities company or investment trust.
KYB Securities, where senior Ki Hong joined, is of course the latter.
“These days, the company is in a state of disarray, saying that it is a restructuring of the workforce.”
Kyung-il asked in surprise.
“Restructuring? KYB Securities is doing well.”
“What are you going to do? This time, KYB Securities and Doori Securities are merging. As the 2nd and 4th largest securities firms in capital are merged, after the merger is over, they will rise to the top of the industry. The birth of a large IB is a good thing, but it’s not a very good thing from an employee’s point of view. After the merger, there will always be job cuts. Employees with overlapping jobs will have to be reassigned to other jobs or leave the company on their own.”
“Senior is a newcomer, isn’t it?”
Restructuring usually starts with the highest annual salary.
In general, the retirement age of securities companies is not long compared to other occupations. Even when you are in your 40s, it is not easy to keep a seat.
“I am also worried about this because I am also receiving applications for voluntary retirement from new employees. The job is not as fun as I thought it would be.”(Read more @ wuxiax.com)
“Where will you go if you quit?”
“Take a look at the private equity side. I was originally interested in M&A.”
Unlike general public offering funds, private equity funds are characterized by receiving large amounts of money from a small number of investors for the purpose of acquiring a company.
Minyoung sighed.
“I thought it would be over if I just got a job, but it seems that is not the case.”
“That’s it.”
After finishing the conversation, senior Ki-hong gulped down the soju.
Minyoung and Kyungil’s expressions darkened. Hearing this kind of thing naturally makes you worry about getting a job.
In the days when the economy was good and the stock market was booming, it is said that if you were a business school student, it was scary to graduate… No, even before graduating, they took you there.
But that was a long time ago.
The financial sector could not escape the shadow of youth unemployment that covered Korea in the 21st century.
Most of the transactions were computerized and the window disappeared, and the financial sector was reducing its workforce. Senior Ki-hong, who succeeded in finding a job at once, is a lucky case.
There were not one or two seniors who either got a job in a completely different direction or postponed graduation because they couldn’t find a job. If you don’t want that to happen, even if you study hard from now on, it will not be enough.
Beer was added to the drinking party that started with soju, and gradually started mixing with wheat.
Ki Hong-senpai’s characteristic is that he talks a lot when he’s drunk. Again, senior Ki-hong, whose face was red, continued to pour out his words.
“In the decades following the Korean War, the manufacturing industry has grown remarkably. There are dozens of companies you can recognize just by hearing their names, such as Suseong Electronics and Eunsung Motors. By the way, is there any financial company that foreigners can know about at least one of a bank, a securities company, or a fund company?”
“No.”
“On the other hand, international IBs such as Fitch, Moody’s, JP Morgan, Morgan Stanley and Golden Gate are encroaching on the Korean market. What is your country’s representative company?”
Minyoung replied.
“It’s Seoseong Electronics.”
“Everyone says so. But to be honest, is Seosung Electronics a Korean company?”
“The president is Korean. It is listed on the KOSPI.”
“Then what about Alijini, a Chinese commerce company? The CEO, Ma Won, is Chinese, but the company is listed on the New York Stock Exchange. Lite Group? Many of our affiliates are listed on exchanges, and most of our sales are generated in Korea, but the chairman is Korean-Japanese and the holding company is in Japan.”
“that’s······.”
Senior Ki Hong said with a snort.
“A foreigner owns 53 percent of Seosung Electronics. Half of the market cap is being shared by foreign IBs, sovereign wealth funds, private equity funds, and pension funds. Where is Seo Sung Electronics? A third of the exchanges are foreigners. This is the situation, but every season, the media talks about it. How much did foreigners take in as dividends, and how much did they leave for market profit?”
“Now that you have made an investment, isn’t it natural to take profits?”
Gihong-senpai nodded his head at my words.
“right. That’s what I want to say. Who are the large, multi-story buildings in Yeouido? Hotels on the Han River? What about franchises like Heungbu’s Jjigae, Lydia Coffee, and Master Pizza? All are owned by foreign capital. Even this QB beer I’m drinking right now!”
Kyung-il, who was drinking wheat, said hiccuping.
“Isn’t QB beer from Korea?”
“Is it all Korean beer because it doesn’t taste good? The Jusan group sold it to KRR, a British PEF, and KRR sold it to the TM consortium five years later. I ate five times more.”
