Chapter 227 – Part 2. 1993

Director Kim, who was sitting next to Kwang-shik, raised his hand.

“Is this going well?”

“Yes. Although the amount is a bit high, we are in contact with Western Life Insurance right now.”

“How much do you ask for?

“It calls for 80 billion won, but honestly, our assets are not enough. However, as you said earlier, I think we can take over if we bring in funds from Japan.”

“Hmm, it sure is expensive. Japanese funds are not the funds to go there. In the future, large-scale civil engineering works will be carried out in Seoul, such as subway construction. You have to go in and aim for it. Let the insurance company go in the direction of acquiring a stake. Since we have to take over the management, we will go with buying a stake of 51% or more. Then, we can take over the management within 50 billion won, so we will do it that way.”

“Um…By the way, do we really have to take over the insurance company? The financial situation is not very good.”

A director asked a slightly disapproving question.

“Sir Kang. When you heard about the credit information company earlier, you think you can make a lot of money, right?”

“Yes.. Well.. That’s right.. Haha.”

“Then, what if the younger siblings go and still can’t get the money? Do you want to kill me and take my organs and sell them?”

Isa Kang was dumb because he had eaten honey, and only blinked his eyes.

“This is an expedient, but get insurance for those who can’t get that kind of money. And do it yourself. Do you know what you mean?”

Then, like a person who had a great realization, Isa Kang exclaimed.
When they were loan sharks, they easily understood what they meant because they were people who did illegal and expedient things.

“You see why the insurance company should be in our hands? But do it in moderation. Insuring insurance is only for really evil people. Did you know? If everyone subscribes to insurance as a convenient way, the insurance payment will be excessive, so the loss rate will rise, and the country will thank you later, so only do it to the really vicious guys. I’ll be monitoring this. Even though I can get money in the conventional way, if the employees buy insurance for convenience, I will buy the insurance and bury it. Did you know?”

All the directors responded with a roaring ‘yes’.
Come to think of it, from some point on, all the older directors were using honorifics for Sungjin.
Anyway, money and power are a lot and high and worth seeing.

“Who was in charge of the acquisition of the securities company?”

This time, Isa Kang raised his hand.

“Did you say the amount was about 30 billion?”

“Yes. It’s called Saeyoung Securities, but it seems that the yield hit the bottom again a while ago. So I think I can cut it down to 20 billion units if I do well.”

“Is the company listed on the stock exchange?”

“No. There has been a lot of talk about going public, but it seems that it hasn’t been listed yet as profits continue to be poor.”

“Ohh. Is it so? That’s fine. Due to the bank’s financial situation, the securities company will take over with my own money. I’m sorry to trouble you, but Mr. Kang should finalize the acquisition through a lawyer.”

“Yes. All right. We will finish it in two weeks.”

Now they were directors completely obeying Sungjin’s orders.
It was unclear whether this was a meeting of the board of directors or Seong-jin’s order delivery meeting.
However, no one had a bad look on their face.

We ended the meeting after writing a few more things, writing it as a meeting and reading it as Sung-jin’s instructions.

As the directors left, everyone bowed to Seong-jin and left.
It seems that today’s meeting was impressive to them.

After everyone left, Seongjin sat facing Gwangshik.

“As expected, our Sungjin is amazing. It’s to the point of admiration how they come up with ways that others can’t even think of. Did you see the movers bowing to you a while ago? Everyone seems to be acknowledging you.”

“Isn’t this all because you have a complete grip on those people? Thank you for your effort Now, brother, I’m starting to make you the person who can make the most money in our country, so keep fighting.”

“Puhahaha. Okay. Okay. I get it. I wish you well in the future.”

“Older brother. I will take all the real estate bonds I mentioned earlier.”

“Yeah I knew. Are you planning to hand it over to Future Construction?”

“Yes. Older brother. When you hand it over, please take care so that my brother can lend up to 200% of the bond value.”

“Okay. I get it. It’s natural. But if you lend up to 200%, you will have a lot of money left over, so why do you need that much money for future construction?”

“I want to buy some land.”

“Earth? Suddenly, what land?”

“What is sudden? Even now, Mirae Construction continues to buy, build, and sell land for townhouses. Do you know how many houses have already been worked on in the first half of this year?”

“I don’t know since I’m gone now. Kuck.”

“There are only 50 townhouses currently being built for sale. This construction alone will generate nearly 50 billion in net profit in the first half.”

“Heh heh.. Our Seong-jin is completely sweeping away money. But you are buying the land again?”

“This is information that I will only tell you as a secret. In the future, it will be developed as the green belt in Pangyo is loosened. If you have extra money, brother, please buy some land there.”

“Pangyo? Where is Pangyo?”

“Isn’t it past Seongnam? Right now, I’m going up to the apartment building to build a new city in Bundang, but it’s past..”

“Ah~ There… Is it real? When will it be developed?”

“I don’t know exactly, but it will be developed and announced by this administration or the next administration.”

“Ohh. You mean that? Okay. I’ll have to wear a pair of hats when Seongjin lives in the ground, too.”

It is the time when the first-phase Bundang New Town is being built and moved in.
A large-scale apartment complex has been created, but people are enthusiastic about the announcement of the second phase of the new city due to the overcrowding phenomenon that is endlessly pushed into Seoul.

Currently, Baekhyeon-dong, Sampyeong-dong, Pangyo-dong, and Unjung-dong in Bundang-gu are the new towns of the second phase.
As of 2000, the land price here was about 2 million won per pyeong.
As of 1993, it was between 200,000 won and 500,000 won, up slightly due to the influence of Bundang New Town in the first phase.

Seongjin planned to buy the land in bulk at once with the proceeds from Mirae Construction and bank loans.

Seongjin put his head to head with Kwangshik and talked about the future work in detail.
Every time Seongjin finished speaking, Kwangshik hyung burst into exclamations and laughed happily.

“Older brother. Are there any younger siblings with good skills who have been discharged from the special forces?”

“Yes. There are also kids that I trained myself. Why? Do you have something to do?”

“No. Rather than that, I want you to set up a security company with your talented younger siblings.”

“It’s a security company. Why? If you have any security, tell me and I’ll send the kids. It’s your salary, you’ll take care of it yourself.”

“Of course, you have to pay for it. Now, I also hear the chaebol, but I think I need bodyguards, and I need security for each branch, starting with the bank here.

“Hmm. I see what you mean. You mean to take care of the dirty work for the high-ranking people. That’s what we used to do a lot as political gangsters from before.”

“Yes. Even if your brother is currently an aide to President Kim Hyun-sam and has a relationship with former President Kim Se-joong, it is also important to broaden your network with members of the National Assembly and ministers. And there is a need to be prepared for any unforeseen emergencies. My older brother secretly set up a security company, so please do that for me.”

“I heard and saw it. I think it’s been quite a while since I’ve seen President Kim Hyun-sam’s face recently. Out of sight, out of mind. At this point, I need to build some personal connections with members of the National Assembly.”

“Even if we set up expenses for each branch of our bank, it will be enough to run the company. Among them, at least one unit should be made into an elite unit with special attention. We have to take care of our business.”

“Okay. I get it. I will gather my children and train them to play.”

After dinner, Seongjin went to the room where his sister-in-law was and had a drink.

As she was so busy with her work, time flew by before she knew it, and it was the beginning of the class.

She went to work in the morning, worked frantically, and hurriedly went to her first lecture at 11 o’clock.
When I entered the classroom, the professor was already there, so I quietly entered through the back door and sat in an empty seat in the back.

It was business school theory class, but fortunately it was the first day of the semester, and attendance was not called because it was the course registration correction period.

I had spent the morning without hesitation, and when I sat down at my desk, I felt exhausted.

After sitting for a while, I looked around to see where Yeonghee was.
The diligent older sister Young-hee was sitting in the front seat, staring intently at the professor.

A bunch of female students were sitting around Young-hee, as if they had already made friends.
Seeing Younghee noona doing well, she felt better for no reason.

“Hey, isn’t this Seongjin Lee?”

Suddenly, a voice whispered a question from beside me.

When she turned her head, a female student wearing round glasses who looked like I was good at studying was looking at Sungjin.
She was a girl who was not yet out of high school, with her hair roughly tied in a ponytail in spite of her svelte body.

Looking at her, she was a cute little girl with her small body, small face, and fair skin.

“Uh? Uh… That’s right.”

“And. Seongjin Lee is right. Nice to meet. I saw her win a gold medal at the Olympics, and I saw a commercial for chicken and health food recently. I am your fan Seeing it in real life like this makes me look much better.”

She was a girl staring at Seong-jin’s face as she continued to smile.
Contrary to her size, she seemed to be a very active and lively girl.

“My name is Miyoung Kim. Sungjin is in the same first year as you. I didn’t see her at orientation, but you were in our department too. Let’s get along well in the future. Really good to see you.”

Even though the professor was there and she was in class, Kim Mi-young talked to her non-stop, and now she was holding out her hand.

“Uh? Uh… Yes nice to meet. Let’s be friendly.”

Seongjin also held Kim Mi-young’s hand and greeted her.
Her small, white hands were as soft as if they were boneless.
Her active and surprisingly good smile was cute, and I liked her.

Even after that, Kim Mi-young tilted her body toward Sung-jin, wondering what was so curious about Seong-jin, and she continued to ask questions.
Unexpectedly, Seong-jin also enjoyed talking to Kim Mi-young, so she kept replying.

She didn’t know the time was passing, and she was talking to Kim Mi-young. Today is the first day, so the professor told her about the fellowship and went out.

In front of me, I saw Younghee noona turning her head and looking around looking for Seongjin.
Thinking of making fun of her sister, Seongjin lowered her head, hid behind the back of the person in front of her, and looked at her older sister, Younghee.

Younghee noona tilted her head as if it was strange, and smiled and talked to the woman right next to her.

As soon as the professor left, a tall, pretty handsome guy came in.

“Pay attention. My name is Seongcheol Kim, and I am currently an assistant professor in the Department of Business Administration. I’m in the class of 87 and I’m your senior, so can we talk about it?”

Talking with a sad smile was the style of a church oppa that women would like.
Among the girls, I could already see Kim Seong-chul and whispering that he was fine.

Kim Seong-chul must have heard that too, and seemed to be trying to look more cool with a more confident look.
However, when I saw Sungjin, a man, I felt that I was unlucky.

“First of all, on this paper, men who want to receive reserve army training should write down and submit it, and the course registration correction period is until next week, so those who want to correct course registration should come to the department office without delay. And there will be an empty room with us next week. All the professors are attending, so don’t miss out on one of them.”

“Teacher. Where are we going?”

Now that they are in their first year of college, everyone seemed excited when I heard that they were going to empty-time, the romance of college students.
These days, I don’t go to these and empty tees because it’s annoying, but at that time, it was really full of romance and romance.

“Well, there are a lot of people, so it’s the same place every year. I’m going to Daeseong-ri.”

There was a buzz again.
As expected, Daeseong-ri and Seongjin also had their hearts pounding as they recollected their memories before returning.

“So I have to elect a freshman department representative, so I hope you decide on a department representative sometime today and let me know. Since it’s business school theory class now, all first-year students have gathered, right? Don’t go out and pick a representative from here and now. Understand?”

Seongcheol Kim delivered only his message and went down the podium.
But when Seongcheol Kim saw Yeonghee’s older sister, who was sitting at the very front of the entrance, he smiled and pretended to know.