Investor That Can See The Future

Chapter 409

When the Saemangeum development plan was finalized, companies that were noticing were clamoring for each other to go.

Businessmen and investors flocked to the Saemangeum International Forum like a cloud. There were also requests to hold investment briefing sessions in foreign countries.

“As long as Jin-hoo Kang has invested, won’t Saemangeum become like Silicon Valley or Pudong in the future?”

“Second to make a profit from sales, it would be a huge profit just to buy the land.”

“If not now, there may be no chance.”

To buy land, you must build factories and buildings and make investments. If they do not engage in business activities or do not meet the specified period, they must be returned to the state.

In order to occupy a good site first, companies rushed to submit investment plans to the Saemangeum Development Corporation. Global hotel chains such as Hilton, The Ritz-Carlton, and Marriott have also started to build hotels in consideration of the increasing tourist and business demand in the future.

Investments from OTK Company-related companies continued.

First, Karos decided to build a giant circuit for driving experiments with the electric car factory. It is a facility capable of F1 competitions and plans to attract domestic and foreign motor sports in the future.

OTK Games decided to create a server for services in Asia, and Faceit decided to create a factory and a studio for video production.

Young people who were struggling to find a job at the news of an increase in jobs welcomed them with open arms.

– Hey! The land is cheap, so everything is built.

– It is said that a convention hall with the largest total floor area in Korea will also be built. In the future, I might have to go to Saemangeum to see the event.

– Hahaha Face It entered Korea. What do you make in the factory and what videos do you shoot in the studio? Am I the only one curious?

– I want to join Faceit.

– The geography of Korea is completely changed in one blow for the development of Saemangeum. At this point, shouldn’t we have to redraw the map of Korea?

-I’m sorry that I insulted you for not investing in Korea.

– I thought my brother was drawing a big picture like this. From now on, I will only trust hyung.

– In Korea, it would have been impossible without a strong earthquake ㅜㅜ

– So, what stocks should I buy now?

* * *

It is predicted that Korea’s growth rate will increase by 2 percent due to the economic effects of the Saemangeum development.

As always, information is obtained first by institutions and foreigners. Domestic and foreign securities companies, including Golden Gate, bought large amounts of stocks of companies that were expected to benefit.

As stock prices soared, the KOSPI and KOSDAQ broke through their all-time highs, and as foreign capital flowed in, the value of the won also rose.

Previously, only small stocks such as semiconductors, batteries, and automobiles had gone up, but tourism, construction, machinery, bio, and securities all rose together in anticipation of revitalization of the construction market and domestic demand.

Stock investors smiled broadly.

While stocks and the won strengthened, real estate, which had been soaring, fell. Seoul’s house prices, which had not budged no matter what the government tried, finally began to fall.

Multi-family homeowners who were skeptical and noticing poured out their properties, and the price of the Gangnam reconstruction apartment fell by hundreds of millions of dollars. However, there were very few purchase requests.

The speculators ran out, and the homeless people were in the mood to wait for the sale of Saemangeum in the future rather than buying a house.

Real estate is a problem when it rises, but it also causes great damage to the economy when it falls.

Again, taking advantage of this time, the real estate crash proponents brought up examples of the Japanese real estate bubble and the global financial crisis, fueling some fear. In both cases, the collapse in real estate prices led to bank insolvency.

Fortunately, there is little chance that financial institutions will be at risk, thanks to Korea’s good regulations on real estate loans such as LTV, DTI, and DSR.

Since the purpose of real residence is to be a one-homeowner anyway, it doesn’t really matter whether house prices go up or down. It’s going to be a little bitter in my stomach though.

This is also true of Jung Ki-hong, the PR team leader, who set up a newlywed house in Cheongdam earlier this year.

Taek-gyu gently patted Team Leader Jeong Ki-hong on the shoulder.

“Are you having a hard time with house prices falling these days?”

“Oh, no. It’s okay, deputy chief.”

“It’s fine. In that case, go to the Internet and swear at Jin-hoo Kang, the main culprit of the house price drop. Then you will feel a little better. Of course, the falling house prices will not rise.”

“… … Yes.”

For some reason, Team Leader Jeong Ki-hong’s expression darkened even more.

It’s not that I’m not very responsible, so I also gave a word of comfort.

“How much more will it fall?”

“No need to worry too much. Even if there is a risk of population outflow in the short term, in the long run, if the economy improves, Seoul will also benefit.”

Of course, it is difficult to avoid bankruptcy for multi-homeowners who have excessively leveraged in the process. Even if it wasn’t for bankruptcy, there wouldn’t be one or two people who lost money.

It’s a pity, but what do you do when your investment goes bankrupt?

“Then why is the Liberal National Party making such a fuss that the government should take measures?”

“That’s one of the wonders of real estate.”

No one is held responsible for any money lost in stocks or coins. But strangely, if you invest in real estate and then go bankrupt, it is always said that the government should step in and rescue it.

In fact, at the time of the financial crisis, when unsold homes overflowed, the government poured out various countermeasures, such as investing in taxes to buy houses.

Gains can be privatized, while losses can be socialized. Does this mean that Koreans don’t like real estate?

Office vacancies are expected to increase, and commercial real estate also fell sharply. Our headquarters building and the Golden Gate Building were no exception. Investment companies were quick to check the value of their assets.

* * *

The related meeting went on without hesitation.

There were also requests for meetings from local government heads such as the governor and the mayor, as well as businessmen. Many of them belonged to the Liberal People’s Party.

What does the party have to do with revitalizing the local economy?

Hundreds of models were placed on the map spread out on the desk. This is enough even if the current construction has been confirmed.

It’s like watching a diorama.

Taek-gyu said with his arms crossed.

“Hmm, investment doesn’t make a city right away.”

“Is this SimCity?”

Saemangeum development is a short-lived project that can take several years. Since I can’t just hang on here all the time, I left most of the work to Sangyeop senior.

“We are us too, but now there is no chaos at the Saemangeum Development Administration. The employees there probably won’t even be able to go to work.”

“If we establish Saemangeum Development Corporation and hire human resources, it will be a little better. Just suffer until then.

I headed to Namsan Ceylon Hotel.

My mother came down to the restaurant with President Lim Su-mi.

“Even if you are busy, come here often.”

“That’s why you came this way.”

We sat down and ate.

I looked at President Im Soo-mi and asked.

“You look very tired.”

Then her mother spoke instead.

“Sumi-san is busy these days because you said that you are developing Saemangeum.”

President Lim Su-mi said with a smile.

“The development of Saemangeum is a great opportunity not only for the travel industry, but also for the duty-free shop and hotel business.”

Travel demand worldwide is increasing rapidly every year. Among them, the increase in Chinese tourists is frightening.

In a nutshell, Chinese tourists call it Yuker as a proper noun.

The countries that can benefit the most from the increase in Euker are Korea and Japan. The reason is, of course, because it is close to China.

Travel is usually concentrated on short-haul routes. That’s why Koreans go to Japan so often.

President Lim Su-mi nodded her head.

“Unlike Japan, where local culture is developed, tourism resources in Korea are concentrated only in Seoul, the metropolitan area, and Jeju Island. However, if a resort complex, foreign casinos, theme parks and leisure facilities are built in Saemangeum, it will be able to attract tourists from all over the world, including Eukers.”

Perhaps because of this, when the development of Saemangeum was confirmed, the stock price of Ceylon Hotel soared more than 50 percent. This is the largest increase among Seosung Group stocks.

“You also applied for a site for Silver Town this time.”

“Yes. I plan to create the largest silver town in Korea by combining it with surrounding leisure facilities.”

At one time, experts predicted that after the baby boomers retire, they will sell their homes and move away from Seoul to their hometowns with fresh air and water. As a result, however, this prediction was completely wrong.

Baby boomers still stayed in Seoul after retirement. When you think about it, of course. I have already lived in Seoul longer than my hometown, and it is not easy to give up on the convenience of city life.

In addition, medical and cultural facilities needed by the elderly are concentrated in Seoul, and the actual survey results show that the average lifespan of the elderly living in Seoul is longer.

“If there is a place where the same level of quality of life as Seoul is guaranteed, there is no need for retirees to insist on Seoul. In Saemangeum, you can enjoy golf and leisure, receive medical services provided by Seoseong Hospital, and spend a comfortable old age. In addition, as the largest theme park in Korea is being built, it will be good for children and grandchildren to visit often.”

I admired myself.

You only proposed a complex resort, but you were thinking about Silver Town. There are plenty of opportunities to make money, too.

Her mother said naggingly.

“It’s good to make money, but sometimes you just have to look around a bit. Take good care of the people around you, and go out to play. I can’t even use it to reveal too much money.”

“I see.”

“Are you eating well?”

“of course.”

“Don’t just answer.”

“… … Yeah.”

* * *

I saw the Saemangeum blueprint that Akit sent.

The bird’s eye view created by AI showed a beautiful city with theme parks and buildings, lakes and parks, seas and artificial islands.

Ellie couldn’t help but admire her when she looked at her picture.

“Does Saemangeum really change like this?”

“It says so.”

“How amazing. Last time I went, the landfill had not finished, so it was only blowing dust.”

“With money, you can turn a barren desert into a splendid city.”

Conversely, when money runs out, even a splendid city becomes a desolate desert. That is the power of capital.

Ellie looked at me and asked.

“Are you moving to Saemangeum later?”

“Is that going to happen?”(Read more @ wuxiax.com)

“Where are you going to build the house?”

“I’m thinking of making it on an artificial island.”

The Saemangeum development plan also included an artificial island.

In the case of Dubai, they built Palm Island and Palm Jubeira in the Persian Gulf and sold them to the world’s richest and Hollywood stars as villas.

Even so, reporters and paparazzi often appear near the house. Building a house on an artificial island would provide complete privacy.

The Saemangeum International Financial District will attract world-leading financial companies and investment companies. Golden Gate also applied for a site to move in.

However, it has not yet been decided whether the headquarters will be moved to a branch office.

So, where will Ellie work?

I saw Ellie. As always, she is dressed in a white blouse and black trouser suit, and her brown hair is tied in a ponytail.

The only accessories I gave him were a thin chain necklace, earrings, and a watch with light makeup, but it was so attractive that it was hard to take my eyes off it.

Ellie opened her eyes wide and asked.

“Why are you looking at me like that?”

“My hair has grown a lot.”

When I first met her, it was a short cut that exposed the nape of her neck.

Ellie smiled brightly.

“Which one suits you better then and now?”

“Both are pretty.”

At that time, she had a boyish charm, but now she exudes a feminine charm. Thanks to this, she found that a woman can make a huge difference in her mood just by the length of her hair.

Ellie continued to stare at me. It seems like he’s waiting for me to speak first.

I opened my mouth carefully.

“Well… … I don’t know when it will be, but will you come with me when we move?”

Ellie looked surprised for a moment. Then she immediately burst into laughter.

“Fufu! So you were going to leave?”

“No, it’s not like that… … .”

As my mother said, money is money, but the most important thing is the people around me, right?

I hugged Ellie and said.

“When I move, I’ll pack it up first and take it with me.”