Investor That Can See The Future

Chapter 398

I went to Hyunjoo’s sister’s house with Ellie and Taekkyu. It’s because I’ve been busy since I’ve been to America, so we decided to get together for dinner after a long time.

“Come on.”

My sister and Henry welcomed us.

Taek-gyu stopped by a department store and held out the BMW he had bought.

“I bought you a present, sister.”

It’s not a real car, it’s a toy car for kids. Still, it has a built-in battery, and it actually moves when you step on it because it has a steering wheel and an accelerator.

That’s why the price was so high that it couldn’t be considered a children’s toy. I think I just rolled with my feet when I was younger.

Hyunjoo noona said as she received the gift.

“Thank you, but Gun-i still has a long way to go.”

“They say they grow up quickly? It is prepared in advance.”

I looked at the wine.

“I brought wine too.”

Hyunjoo noona looked at us with strange eyes.

“It’s not a day today, why are you doing this?”

“Just.”

“Isn’t nephew love uncle?”

We went inside the house. Guny was playing with her nanny. It was really growing day by day. Now it crawls and imitates words.

Ellie gently grabbed her with both hands.

“Peekaboo! aunt is here Our case has grown so much.”

“Hehe!”

Even babies tend to recognize pretty people at a glance.

Gun-yi, who was held in Ellie’s arms, smiled brightly. But then, when Taek-gyu didn’t have a son, he suddenly started crying vigorously.

“Aww!”

“Ugh! It’s my uncle, my uncle. I didn’t do anything, sister.”

A house with a baby tends to be the center of the house. While we were all playing with Gun-i, I talked to Henry separately.

“How is your married life?”

“Can I be honest with you?”

“Yes.”

No matter how good you are to get married, the reality is still not easy, right?

Henry smiled broadly.

“It makes me wonder if I can be this happy.”

“Ok?”

It’s a little different from what other people are talking about.

“Your sister must have a tough personality.”

“How is Hyunjoo’s personality? He’s smart at work, but at home he’s sweeter than anyone else.”

Now it is natural to call my real name instead of my English name. It looks like you love it quite a bit.

Seeing Henry’s happy face, it seems like he wants to get married for some reason.

We had dinner together at home.

I was going to tell my sister ahead of time and ask for advice, as it will only be known once things start anyway.

While I was eating, I was thinking about when to speak up, but my sister told Taek-gyu first.

“What do you mean?”

“Huh?”

“I’ve been watching you ever since. Don’t you have something to say?”

Taek-gyu quickly handed the ball to me.

“Jinhoo will explain that.”

I brought out what I had prepared.

“Actually… … .”

I revealed the idea for the Saemangeum development, and Hyunjoo’s sister and Henry listened to us seriously.

Hyun-joo’s older sister had a look on her face that had been immersed in her thoughts for a while.

Taek-gyu nodded his head for nothing.

“I know, sister. It would be a bit absurd to say that you are going to create a new city all of a sudden.”

But an unexpected answer came.

“no. That’s quite possible. Because I know well about Saemangeum development. When I said that Golden Gate was coming to Korea, I got a suggestion about moving there after the Saemangeum International Cooperation Site was built. We are offering land and various tax benefits.”

Henry said something.

“We also held a lot of investment invitations for foreign companies. So, if you are a company related to Korea, you must know a little bit about Saemangeum.”

As I heard the story, it is said that it is quite famous around the world as it was such a large reclamation project.

Hyunjoo noona looked at me and asked.

“Why did you suddenly become interested in it?”

It’s because I saw the foreknowledge… … It is impossible to say this as it is.

“Just seeing the Silicon Valley restoration site suddenly came to my mind. I wonder what it would be like to create a city like that.”

“Okay, sister. Seoul is too complicated.”

Hyunjoo nodded her head.

“In any country, the population tends to be concentrated in large cities. However, compared to other countries, Seoul and the metropolitan area are at a serious level.”

The reason is that all infrastructure, including politics, industry, finance, and education, is concentrated in the metropolitan area.

Aside from the vast land areas of the United States and China, countries with large populations are divided into two or three major cities. However, in Korea, 40% of the population is concentrated in the metropolitan area alone.

“Currently, the metropolitan area is saturated. If it is a simple manufacturing industry, it may be difficult to go down to the provincial areas for high-tech manufacturing. Just as synergy occurs when people meet, so do companies. That’s why financial companies and IT companies are trying to stay in one place. If there is a city that can replace Seoul, companies will be happy to go there.”

Taegyu said.

“But when I went there, it was just a blank slate.”

Hyun-joo’s older sister drank coffee.

“I can’t believe it now, but Pudong used to be like that.”

Shanghai is divided into Pudong and Puxi along the Huangpu River. Unlike Pu-Seo, where the city was formed from an early age, Pu-Dong was a wasteland with nothing but paddy fields.

It can be said that it was just like Gangbuk and Gangnam of the past. It may be hard to imagine now, but Gangnam was originally a rural village with fields. However, from the 1960s, the government developed Gangnam intensively for urban expansion, and now it has been reborn as the most expensive neighborhood in the country.

Henry explained.

“The Chinese government has made a plan to make Pudong the financial center of China. The reason is that we felt there was a limit to our manufacturing-oriented growth.”

I nodded.

“As the manufacturing industry grows, the need for financing grows.”

Industry and finance are both wings of the economy. Just as one cannot fly with only one wing, the larger the industry, the more financial support must be provided.

“But nobody wanted to enter Pudong, a wasteland. China forced local governments to build one building at a time, and forced state-owned enterprises to relocate.”

Pudong, which was nothing more than a rural area, has now been reborn as a world-class financial center lined with skyscrapers.

Currently, more than 500 financial institutions have moved into Shanghai, mainly in Pudong, more than 15,000 foreign companies have moved in, and the foreign population alone has exceeded 150,000. All of this happened in less than 30 years.

Local governments and businesses that were forced to build buildings and moved in accordance with the central government policy made huge profits.

Hyunjoo’s older sister said.

“Saemangeum will be much easier to develop than Gangnam or Pudong. Construction technology has also advanced since then. Above all, it is a huge advantage to be able to save money and time for land purchase because there is no private land. However, just as an anchor LP is needed for PEF investment, in this case, an anchor company will be needed.”

A limited partner that serves to anchor investment like a ship anchors is called an Anchor LP.

Just as they are reluctant to invest in something they don’t know well, anyone is hesitant when asked to build a building on empty land.

Therefore, someone has to jump into development and build a building first. Then the other people who saw it started building a building next to it, and that’s how a city is created.

It’s not without risk.

What if you build a building and no one builds it next to it? Then you will incur a huge financial loss.

“It is difficult to start anything. Once you open the water, the water will pour out after that. Fortunately, you have the influence and the capital to implement it.”

“Can I do it?”

Hyunjoo noona looked at us and said.

“What are you asking? Haven’t you already decided to do it and talked about it?”

I looked embarrassed.

“You knew.”

Hyunjoo’s older sister smiled.

“What’s new? It’s never been like this once or twice.”

Taek-gyu quickly raised his thumbs up.

“Five! Also, my sister!”

“shut up.”

* * *

No matter how foreknowledge shows the future, it is my job to find a way to make it come true.

I kept thinking about how.

There is no need for me to plan the Saemangeum new town. This is because many experts have already completed it while going through various governments.

Sites for industrial research, international cooperation, tourism and leisure have been allotted, and infrastructure construction plans such as port, international airport, east-west arterial road, north-south arterial road, Saemangeum-Pohang Expressway, and high-speed rail extension are all planned.

Taehyung was amazed.

“Five! After all, the government has a plan.”

I nodded.

“Huh. It was a very timely plan.”

However, as the saying goes, if you make a plan, nothing goes as planned.

If all went according to plan, the world-class high-tech city would have been built by now. However, as I confirmed with my own eyes, it is currently only blowing dust.

Infrastructure construction is sluggish, and in some areas, even landfill has not been properly established.

“Why didn’t it go as planned?”

“Money is a problem, and the government is also a problem. I have a saying If the federal government managed the Sahara, there would be a shortage of sand in five years.”

It is a sarcasm of how inefficient the government is.

“Who said that?”

“Professor Milton Friedman.”(Read more @ wuxiax.com)

American economist who won the Nobel Prize in Economics. He was a representative Chicago School and argued that the role of the government should be minimal, along with neoliberalism, which can be called the current mainstream economics.

I don’t agree with that 100%, but governments don’t necessarily function effectively.

The Saemangeum land covering 3 million square kilometers is 100% owned by the government. If the government continues to lead development projects, it is unknown how many more decades it will take.

Since I saw foreknowledge, I should have done it, but I don’t have to do things that don’t cost money. I’m an investor, not a philanthropist.

Therefore, it is necessary to take over the development initiative of the government in order to proceed with development properly and to make profits.

I searched the new city on the internet.

The first thing that came out was an article about the 3rd new city being promoted by the current government. The plan is to supply about 200,000 households by creating five mini new towns in the metropolitan area close to Seoul. The goal is to stabilize house prices in Seoul.

However, after the plan was announced, residents in the surrounding areas protested against it, fearing a drop in house prices and traffic congestion. Since the land purchase has not been carried out yet, it is also unknown how many years it will take for the actual supply of apartments.

“what? New towns are doing well. But why didn’t Saemangeum not work?”

“It’s not a metropolitan area. The land is wide.”

The strong will of the government is required for new city development.

Cities are not built in a day. Pudong was able to become a world-class city because of the continuous and consistent development policy of the Chinese government.

However, even if Korea shouted that it would develop Saemangeum every time there was a change of government, it was always pushed back in priority.

The reason is that while spending a lot of money, the results do not appear immediately.

I muttered as I skimmed through the article.

“I think I came up with a good way.”

* * *

OTK Company CEO Kang Jin-hoo requested a meeting with the Prime Minister.

People found this strange. Unlike his close friends with American politicians, Kang Jin-hoo kept his distance from Korean politics as much as possible. Therefore, it was not uncommon for him to ask to meet a Korean politician first.

Everyone wondered why, and the politicians were buzzing.

Prime Minister Ryu Jeong-hoon made a statement.

“For economic development and investment revitalization, the government can meet with business people at any time. As CEO Kang Jin-hoo requested a meeting first, I will gladly meet and listen.”

Again, the opposition party grabbed the pod and attacked.

CEO Na-Kyung Yeon said.

“In the previous government, when the president met with businessmen, he accused them of fraudulent solicitation and bribery. Where else could there be a government like this? Our people are watching.”

Again, the public reaction was not very good.

-No, didn’t you say that anti-business sentiment prevents investment and that the president and prime minister should meet with business people in person to encourage investment?

– When was it said to take care of the economy and people’s livelihood first?

-If you want to take care of the economy, don’t you have to meet after the earthquake?

– Your Excellency secretly met and asked for money back, so it became a problem. There’s nothing wrong with meeting officially. How many times have Jinhoo Kang been alone with President Ronald?

– If you don’t meet a businessman, you’ll never meet them. If we meet, we will meet

– Hahaha Yeonjeokyeon. Soft words can be refuted with soft kazaki words.