[288] Pandemonium, Sunyang Family 4
“So, are you saying that you will fill the amount you want?”
“What are you so surprised about? Did you know that Sunyang Financial Group has quite a few deposits already?”
“So you are surprised. I’m grateful for Woori Bank, but…”
The president of Jinhan Bank rolled his eyes here and there to hide his doubtful eyes.
Individuals leave their money in the bank in an amount to earn even interest, but companies are different. Diversifying investments in several places is the standard, but it is natural to wonder why they would invest money again.
But it’s harder to refuse.
In order to match the year-end performance and equity ratio, you have to bend your head further.
“I know it’s inconvenient, but it’s not true. I see you don’t like it.”
“Oh no. Chief. It’s a mess, don’t you know? Branches across the country are clamoring for death. Large corporations like Sunyang overcome this hurdle because they have solid foundations, but small and medium-sized businesses are in bankruptcy. There is a mountain of bonds that will have to fall at a loss this year.”
The bank manager looked at me and cried for a long time before speaking cautiously.
“Chief. If there is something you want from Jinhan Bank, please tell us openly. Then I think I can tell you the number I want comfortably.”
“I will speak to you when necessary. So tell the president the number you desperately want right now. Think about it later.”
Perhaps it was an unexpected answer, but the captain widened his eyes.
“Corporates and banks. It’s not a relationship that will grant you a favor without conditions. Wouldn’t it be okay to ask for something if it’s worth listening to and there’s a corresponding price?”
“Yeah, but…”
“Just because I’m going to solve the president’s difficulties today, won’t you bet on the president’s position to help me next time? So there is no point in telling me what I want in advance.”
The bank manager showed a little displeasure, but quickly returned to his original expression.
“I said too many unnecessary things. haha.”
He said a number behind an awkward laugh.
“If you have 600 billion to spare, I would like 800 billion.”
“I will send someone. I will take 800 billion won.”
The bank manager bowed his head.
“Thank you, manager. And I will definitely remember that it is not now, but next time.”
“next…?”
“Didn’t you tell me? ‘Next time’… Please, I would like you to ask me within the scope of not losing my position as president. haha.”
The bank manager left behind a smirk and disappeared.
quick-witted inspiration.
He is a bank teller to the core who knows how to bow his head in front of rich people.
And I met the top bankers of the four major commercial banks one after another.
* * *
Barack Obama, who was elected the 44th president of the United States as the first African American and native of Hawaii, denounced corruption on Wall Street throughout his campaign.
“While Wall Street and Washington’s greed and abdication of responsibility drove Americans into a financial crisis.”
But President Barack Obama appointed Timothy Geithner, a Goldman Sachs executive, as Treasury secretary, and William Dudley as the new president of the Federal Reserve Bank. William Dudley was chief economist at Goldman Sachs.
Besides this, most of the economic bureaucracy was filled by people from Goldman Sachs.
Whether or not his promise to reform Wall Street was sincere remains to be seen, but one thing is for sure.
Washington is dominated by the US financial world. Just like the chaebol rule Korea.
The new government’s stance of ‘corporate friendly’, a far more refined term than pro-chaebol policies that sound too blatant, gave the chaebol wings.
Just as the U.S. Treasury released the shackles of Wall Street, the government loosened all kinds of regulations and turned the country into a civil engineering site.
While the real economy was bottoming out, the construction industry enjoyed an indescribable boom.
“Our HW Construction will become bigger before Sunyang Construction.”
Chairman Lee Hak-jae burst out laughing as if it was absurd.
“Sunyang Dae-hyeon goes all-in to Dubai and Korea only lends his name. Construction is now in the era of OEM.”
“Coming soon. Can’t you see that Europe is holding out with Germany’s strength?”
“There are already signs. It is clear that Daehyeon Construction has touched the apartment sale price.”
“yes? Are you Daehyun?”
“okay. Because we kept delaying payment, we got a lot of scrutiny. If the developer receives the sale price, isn’t the payment of the contractor the top priority? However, it is said that the payment was delayed until the sale advertisement design was opened. I was beating money in Dubai.”
Finally, I can feel the rotten me.
“Doesn’t that mean that the money that should come in from Dubai hasn’t come in?”
“yes. The local atmosphere in Dubai is really tough. European companies seem to have been driven to the end to the point of being sued. Its economy is also in a mess, and if money is taken from Dubai, it will be the end of it. Those guys over there are risking their life and death, so Sunyang and Daehyeon can’t even show their business cards and just look around.”
Good news. Everyone should be prepared for how fierce the sandstorms in Dubai are.
“President. Be sure to set aside money for both builders. I will prepare for the takeover. I need to give some medicine to the high-ranking people.”
“Can I get it? Will the finished Dubai take care of the money?”
The amount was beyond imagination, so even Chairman Lee Hak-jae, who had good guts, couldn’t erase his anxious expression.
“It takes time, but you get it all. Domestic apartments will suffer some loss, but I can afford it.”
“Huu… For now, I have no choice but to believe your words. Our HW, too, will have to be strong in order not to be swept away by the sandstorm.”
“Take it easy and believe. That’s a lot of money.”
Chairman Lee sighed at my self-confidence and brightened his expression.
“I get it. Oh, I’ll send an interior staff to fix your house.”
What is this again? Why are you tearing down the house?
“Have you seen the new 50,000 won note?”
“I watched. Can you show me?”
When I took out my wallet, Chairman Lee smiled with a very condescending look.
“Not bills, box man. Hehe.”
I was just rolling my eyes because I couldn’t understand what he was saying, so Chairman Lee took out a bundle of 50,000 won from a drawer and threw it at me.
It is a stiff new book that came out at the end of June this year.
“That’s a hundred. There are 11 of them in a box of Vitao Bag. An apple box can hold up to 1.2 billion. Isn’t it awesome?”
It’s a really happy expression.
After all, how many boxes full of 10,000 won bills did he deliver? Now, the price of a tolerable rice cake is a box of Vitao bags that can be lifted lightly with one hand… No, one box is enough.
If you fill a box of apples that can barely fill 200 million, you can put more than 300 million in a 1.2 billion 007 bag.
I know very well. How many times have you listened to it?
It is difficult to count the number of times he has loaded a box full of 50,000 won bills into the trunk of a car. For someone like me, the 50,000 won bill was a gift from the government. Because the hard work has been reduced to one-fifth.
“What does that have to do with tearing down my house?”
“The first 50,000 won note printed this time is worth about 1 trillion won. Just in case you didn’t know, I kept some. Keep it at home and use it when needed. I heard there are many weak points?”
There is no way he doesn’t know the money in the slush fund bankbook passed down by his grandfather. Don’t you know that you don’t have to do such a hassle?
He read my thoughts and said.
“Did you have a lot of construction work this year? Opportunities like this rarely come around. The more cash the better. I will keep it when I can.”
“So you’re asking me to renovate the house to make room for cash?”
“then? Would you like to rent a warehouse and build it? The house is also spacious. listen to me.”
In Korea, this kind of experience is the word of the most experienced person, so I have no choice but to follow it.
“yes. But how big should it be?”
“I have secured 50 of them. I should have about 100 of them piled up.”
The word “once” came terrifyingly.
I also understood why it is difficult to see 50,000 won bills on the market.
“Then, since we don’t have anywhere to sleep while the interior of our house is being renovated, we will have to stay in a hotel.”
“It will be over in one day. There will be no emptying of the house.”
“I use it as an excuse to sleep in a Dubai hotel for a few days. Oh, the president is also with you.”
“what?”
“I am not saying to write one shot. I’ll prepare a special room for you, so let’s take a few days off.”
It is also fun to see Chairman Lee, who was surprised not knowing why.
* * *
The main meeting room in Sunyang was occupied by Sunyang Construction and Dubai TFT for over a month. It wasn’t just accumulated fatigue that made their complexions darken as time went on.
“Vice President. If the fourth quarter passes in this state, it is all-stop.”
“HW Chairman Lee Hak-jae also said that it is difficult to mobilize funds anymore, perhaps feeling the crisis.”
This is a fact that Vibrator’s vice president already knows. The red warning light has been constantly sounding since the beginning, but isn’t opportunity always in crisis? You have to go through the trembling danger to find a cave full of gold.
However, the situation in Dubai is dire. European companies seem to have already accepted signs of a crisis as reality. Should you give up your treasure and escape before the cave collapses and you’re trapped?
It is a waste of resources and effort invested so far. The bigger problem is how many of them can be salvaged.
To accurately know this unknown number, it is necessary to build a negotiation with Dubai World, the client, aiming the knife at each other.
Dubai World cannot handle what happens when Sunyang Construction stops construction. The building that has been built is nothing more than a monstrous pile of concrete. A world-class city was planned, but only desolation like a battlefield where an artillery shell fell remains.
Instead, Sunyang Construction may waste the resources and money invested so far. During the period it takes to receive the money and resume construction, they must suffer from extreme financial difficulties.
However, in this state, you will soon run into financial difficulties. You’ll face the same outcome, so there’s nothing worse than negotiating.
“Simulate the case of stopping construction from now on. And Taejun.”
“yes.”
Jin Tae-joon was taken aback. He is a father who has never been called by his name at the company, not by his title.
How upset would such a father be to make such a mistake?
“You draw a clear cash flow. Even if it’s just ten won, you can’t make a mistake.”
“I see, Vice President.”
Vibrator spoke to anyone in the conference room.
“Isn’t the construction president out in Dubai right now?”
“yes.”
“Say a warning to Dubai World. If you don’t pay quickly, you can withdraw at any time.”
* * *
Dubai is a place where you can see what happens when a person with too much money fantasizes about the impossible.
While going from Dubai International Airport to the ‘Burj Al-Arab’ hotel, which means Arab Tower, the night view of Dubai seen through the window of the limousine did not feel like a desert. This is the paradise of the future.
Chairman Lee Hak-jae clicked his tongue in a pitiful way as he watched me unable to take his eyes off the night view with his mouth wide open.
“Since I lived while staring at the numbers, I’ve become a country boy. This is where money, which was just a number, turned into reality. Isn’t that much better than digitally hoarding?”
“I see. I can’t build a city like this because I don’t have as much as a petrodollar, but I can build a tower. When I’m done here, I’ll put up a tower. HW Tower.”
Chairman Lee waved his hand at my serious expression.
“I can’t say anything. that’s just what i did Why waste it like that?”
“How are you? When you have a lot of money, you should have some fun. There are also buildings left over, so it’s not a waste.”
I already started to picture the HW Tower in my head.
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