Chapter 330
Chapter 330
OTK Company, which started as an investment company, has grown into a huge holding company.
Businesses must not only make money, but also contribute to the community. So, we also worked hard in social activities.
The number of shared office OTK gates is also increasing in rural areas, and the construction of dormitories for college students is in progress.
As promised in advance, the construction companies who provided the site were entrusted with construction, and the construction companies raised the building as if they were competing with each other. I called the owners directly and asked them to build it without any flaws, so they will build it well.
Where the process was quick, students could move in immediately from the next semester, and applications were received in advance. The competitive rate for occupancy was several dozen to one.
After OTK Company came out first, universities that were noticing also announced that they would build dormitories. Once again, studio workers and local residents stood up, but this time the students moved as a group.
Some universities have responded by relocating the addresses of students who have moved into existing dormitories. In this way, college students will be able to exercise their votes in the local elections to elect the heads of local governments and local councilors.
As public opinion also favored the construction of the dormitory, local governments gave permission.
The Homin Foundation, established by the OTK Research Center, provided basic science support. In fact, Korea has the highest R&D investment as a percentage of GDP in the world.
The problem is that the success rate is unnecessarily high. As long as you invest in something, you will be successful. This meant, in other words, that they never challenged research with a high probability of failure.
Therefore, the Homin Foundation has decided to provide intensive support for long-term projects longer than 5 years and research projects with a high probability of failure.
In particular, care was taken not to leak research funds unnecessarily.
The embezzlement of research funds is not uncommon in Korea. There are different ways to steal. Extortion of labor costs, falsification of documents, submission of fake patents, etc.
The reason these corruptions are not eradicated is because the bottom is the bottom anyway, and when an investigation comes out, it is clear who reported it.
Professors have a great influence in Korean society. Once caught, not only will you be kicked out of school, but you will also be blocked from getting a job.
Professor Ho-min Kim also knew better than anyone about the practices of such academia because he had been a professor for a long time.
He created a system that regularly conducts audits and receives anonymous reports to prevent theft of research funds. If the contents of the report are found to be true, they will even guarantee the hiring of the reporter.
In the event of fraudulent use, a system was created to prevent future support from receiving support and to recover research funds, and it was decided to revise the guidelines in cooperation with relevant government ministries and make it an administrative rule.
Although some professors complained, Professor Homin Kim did not back down even a single step.
If you don’t like it, you don’t get support. What does it mean to get support, but not to get an appreciation?
The establishment of a foundation for the victims of the Japanese colonial period was also carried out gradually. It is worth 5 trillion won. He didn’t mention it directly, but everyone knows where the money comes from.
The Sankei Shimbun and others denounced it as “theft that is given to Koreans while robbing the Japanese people of their old-age funds,” while some members of the Liberal National Party still insisted that Japan apologize and return the money.
When I said that I would think about it if I paid the parliamentary tax first, they all shut their mouths.
People who value their money like this, why the hell are they making a fuss about me asking me to return my money?
China has a lot of antipathy towards me because of the technology hijacking issue of Zhou tea and the US-China trade dispute. However, after working in Japan, the mood softened a bit.
When I hit Japan, all the neighboring countries like it the same.
Zhou Cha was relieved that he was not subjected to such a situation, and began to seize control of the joint venture, Zhou Toyota. Toyota’s largest shareholder’s stake was being ripped to pieces, and disputes between major shareholders were raging on the inside.
Japan held a new general election.
Despite numerous calls for resignation from within the party, Okazaki did not let go of his post, and the LDP managed to regain power.
Although the number of seats was significantly reduced compared to the previous year, Yusuke Okazaki succeeded in ascending to the post of Prime Minister again.
* * *
After work, I sat down with Taek-gyu in the cafe on the first floor and talked.
Taek-gyu was excited about what had happened at the bar a few days ago. It was quite interesting, and I listened carefully.
“So what are you going to do next?
“If you are bored, you should call me once in a while. Shall we send it to a lithium mine in Chile next time?”
“No, not her, but Min Ha-young and Yang Hana.”
I don’t really care what happens to Kwak Do-hoon or what.
“Huh? Why are those two?”
“Even if Min Ha-young had originally met, why would Yang Hana come here?”
“I came here because I said I was going to buy you a drink.”
“… … .”
Is this kid doing this knowingly, or is he doing this because he really doesn’t know?
“Anyway, I’ll go first.”
“Where?”
“We have to play with ours. My sister and brother-in-law both came in for dinner tonight.”
It is a busy schedule in many ways.
I was drinking coffee by myself and reading a comic book recommended by Taek-gyu Oh, and after a while, Yuri came down.
“You waited a long time, senpai? No, sir.”
“Call me comfortably after work.”
Yuri was dressed in a suit, and his blonde hair was neatly tied. It’s a little bit, but it seems to exude a financier-like atmosphere.
“It suits you.”
“Dad used to tease him for pretending to be an adult.”
Yuri ordered coffee and sat down.
“I was crazy, but now I can breathe.”
“I heard from senior Sangyeop that popularity among male employees is no joke? Is there no one you want to date?”
Yuri shook his head at my words.
“Where do you have time for love? I’m too busy learning.”
“Since you don’t deny it, it looks like someone really hit it.”
“Absolutely. I used to be popular.”
After joining OTK Company, I thought that I should buy a meal sometime, but I was busy with various things and it was difficult to keep up with the time.
Yuri asked as she drank her coffee.
“What are you going to buy me? You should get something delicious.”
“Let’s go eat pasta. I have already made a reservation.”
“How about Ellie?”
“I just got a call saying it’s over, so I’ll be back soon.”
As soon as she finished speaking, Ellie entered her cafe. Yuri got up quickly and said hello.
“Hi, sister.”
Ellie took her little shopping bag from her bag and gave it to her Yuri.
“It’s late, but congratulations on your job. This is a gift.”
Yuri rejoiced like a child.
“thanks sister. Can I open it now?”
“of course.”
It was a small wallet that could be carried in her suit. The inside is designed to hold business cards and cards.
“There are still many people in the financial world who value business cards, so you will need them.”
“I like it very much. I will write well.”
“What. Let’s go eat now.”
We got into the car and headed to a restaurant in Apgujeong.
The restaurant had a European-like atmosphere, and about half of the customers were foreigners. When I went inside and sat down, people started talking about whether they recognized me and Ellie.
I’m used to this now.
said Ellie.
“It’s a place Jessica and Henry often go these days. Food is food, but beer is especially delicious.”
I said to Yuri looking at her menu board.
“Do whatever you want to eat.”
“Then I won’t ask for it.”
Yuri ordered salad, pasta, and lasagna evenly. Beverages were standardized with beer.
Ellie asked.
“how is it? Is the job worth it?”
“I am having fun while learning. But there are so many things I don’t know, so it’s a big deal.”
At Yuri’s words, Eli nodded her head as if she understood everything.
“I was like that when I first joined. I thought I was smart, but for a few months I felt like a complete fool.”
“Did your sister do that too?”
“I made a lot of mistakes and I was very angry with Jessica. Then we became friends.”
I also said something
“Work life is not easy.”
Then they both looked at me at the same time.
“What does Jin-hoo know about her working life?”
“Yes. The senior went straight to the president.”
“… … .”
No, wasn’t the boss job a job?
After a while, the food we ordered came out one after another, and we clashed beer glasses. As we were having a conversation, an advertisement for Bester came out on the TV that was turned on in one side of the restaurant.
Ellie blushed slightly at her embarrassment, and Yuri said admiringly.
“I love this ad. My sister is really very pretty. She’s even a girl that falls in love with.”
“really? Glass is much prettier in my eyes.”
“Ah, thank you.”
It’s nice to see them exchanging compliments with each other.
“When should I have a drink with Chairman Ryu Cheol-gyun?”
“You are on a business trip to China.”
“Beijing?”
“Shanghai. Pudong.”
Shanghai is the largest city in China.
The Chinese government developed Pudong, which was like a wasteland, into an economic zone, attracting foreign capital and companies. Shanghai Pudong has been transformed into a high-tech city with high-rise buildings in just two or thirty years.
If Beijing is the political center of China, Shanghai is the economic center. Based on such growth, a huge political force called the Shanghai Bang was able to emerge.(Read more @ wuxiax.com)
Well, it’s all gone now, but only the legacy is maintained.
“Recently, you hardly come to Korea, and you are still in China.”
RCK Bros is the largest PEF in Asia as well as in Korea. Although M&A is actively carried out in Korea, the proportion of investment in the Chinese market is the largest.
Ellie said as if thinking about it.
“Come to think of it, RCK Bros. was selling some of its assets in China.”
“It is natural for private equity funds to exit.”
“It is.”
The purpose of industrial capital is to incorporate the purchased company into an affiliate to grow, while financial capital aims to increase the value as much as possible and then sell it.
This is called an exit, and it is this exit that is more important than fundraising or deal sourcing. It is only when the investment is recovered and returned to the investors that the return is confirmed.
In general, exits are planned in advance before investing, but things don’t always go according to plan. In fact, there are surprisingly many cases where the acquisition was successful and the sale failed.
I remembered Chairman Ryu Cheol-gyun.
“Are you trying to reduce your weight in China this time?”
“I do not know. But isn’t there a lot of talk about the Chinese economy these days?
After the trade war with the US, the risks to the Chinese economy have been highlighted.
I asked Ellie.
“What do you think?”
“The theory of the Chinese economic crisis did not happen overnight. There has been talk of debt and statistical manipulation for a long time.”
Last year, China’s growth rate was 6.6 percent.
Baoba’s policy of defending 8 percent growth has long been broken, and now even 7 percent has been broken.
As the Chinese economy has grown to the second largest in the world, it is natural that the growth rate will be slow.
In fact, even if the growth rate has fallen, the current 6.6% growth is greater than the previous 10% growth in total. It is natural that the default value is increased.
The problem is that even this 6.6 percent is completely hard to believe.
Former British Prime Minister Benjamin Disdaily put it this way:
‘There are three lies in the world. plausible lies, blatant lies, and statistics.’
The reason why this word is still used as a saying is because manipulating statistics is not uncommon.
Companies can boost their market cap by changing just a few numbers in their financial statements. If a country also manipulates statistics, it can appear that the economy is growing at any time.
In fact, there is only a difference in degree, and it is also something the government of any country does little by little.
After the Nishida Securities crisis, it was revealed that Japan had been manipulating economic indicators. The purpose is, of course, to inflate the achievements of Okazakinomics.
South Korea also continued to change the statistical survey method in favor of the government. For example, if the price of gold rises too high, gold is removed from the price index. This has the effect of lowering the inflation rate.
Still, most countries have open financial markets and comply with international accounting standards to some extent, but in China, the one-party rule of the Communist Party and the long-term rule of Zhang Pinghua are added, and it is decided from where to what extent the manipulation is not. even hard to do
Yuri put down her beer mug and asked carefully.
“Senior, do you think there will be another financial crisis?”
