Investor That Can See The Future

Chapter 148

Building construction was in full swing on Gangnam-daero and Teheran-ro. Old buildings have been demolished and new ones have been erected, and the skyline of the city has changed.

As supply poured in, the vacancy rate of the Gangnam office continued to increase.

If you are looking for the 1st or 2nd floor for business purposes, it is not difficult to find an empty office.

The problem is also cost.

Rents for commercial buildings in downtown Seoul are not cheap. Despite the increase in vacancies, rents are still skyrocketing.

A simple way to solve a vacancy is to lower the rent. The reason for not doing so is because the rent is directly related to the value of the building.

Rather, the landlords did not easily lower the rent, even if they offered rent-free for a certain period of time or subsidize the interior cost.

Before I went to the real estate agent, I decided to meet Hyunjoo noona first. I went with Henry on purpose.

As he went up the elevator, Henry checked his hair style and dressing.

Seeing how she wants to look good in front of the girl she likes, I think she’s cute. Henry felt my gaze and smiled shyly.

When we entered the branch manager’s office, Hyunjoo noona stopped what she was doing and greeted us.

“What’s up?”

“Henry will explain.”

Henry cleared his voice and then he spoke in English. Hyunjoo noona asked me everything she was talking about.

“Are you going to incubate a startup?”

“Yes. Young Americans start their business in garages, but Korea doesn’t have a garage. So I’ll try to make one. what do you think?”

Hyunjoo’s older sister nodded her head.

“That’s a good idea. The government has to step in and do this.”

“The government is busy taking care of large companies.”

So I had no choice but to go. If the country doesn’t do it, the country should do it too.

“I’m thinking of making one in Gangnam, but can I borrow some of the buildings owned by Golden Gate that I can use?”

During the financial crisis, commercial real estate prices in Korea plummeted. At this time, Chase Southwell, the Asian branch manager of Golden Gate, actively bought real estate in Korea, thanks to which Golden Gate currently owns three buildings in Teheran-ro alone.

One of them is being used as a Korean branch, and the other has been sold to us. And the other one is being rented out.

“Maybe there will be. wait. I’ll check it out.”

Hyun-joo’s older sister immediately checked through the extension.

“It’s fine. All six floors are completely empty.”

I was surprised.

“Why are there so many vacancies?”

“The game company I was in about 4 months ago had moved out to Pangyo Techno Valley. There are no new places yet.”

As a policy, the government established a large-scale IT industrial complex in Pangyo, and game companies and Internet companies scattered throughout the metropolitan area moved to the area at once.

As Pangyo is connected to Gangnam by the Bundang Line and the Shinbundang Line, the demand for offices in Gangnam has been dispersed, which has had a significant impact on the increase in vacancies.

“Can we have six floors?”

“Enough. How much is the rent?”

Hyunjoo noona said coolly.

“We don’t even know each other, but I’ll give you half the market price.”

I was a little perplexed.

“Isn’t that right?”

I don’t know if it’s a discount for important customers. Preferential privileges beyond that range constitute breach of trust. Falling over can be a problem.

Hyun-joo’s older sister smiled as she put her cigarette in her mouth.

“It’s not free, please post the name of Golden Gate as well. We were also looking into social contribution activities. I need to renew my image a bit this time. Wouldn’t this be better than donating to an organization you don’t know what they’re doing?”

I nodded.

“We are welcome.”

Good things are better when we do it together.

As Golden Gate has a variety of professional manpower and has a network around the world, it will be able to support consulting services. It will be of great help when finding an investor or getting a loan.

“Let’s go and write a contract.”

“Is that so?”

Hyun-joo’s older sister picked up her intercom and called her legal team. After a while, a lawyer came up to the branch manager’s office with her contract.

Ellie looked at my face and was happy.

“Ah! Jinhoo was there too. When did you come?”

“Just a while ago.”

Even though it was a face she saw often, her heart pounded for a moment.

These days, Ellie was really working hard on her beauty. She had been feeling boyish before, but at some point she exuded her feminine charm.

“Is Jinhoo signing a contract? What is she doing?”

I briefly explained the story so far, and Ellie smiled brightly.

“How did she think of that? Jinhoo is also great.”

her smile is dazzling

As the CEO of OTK Company, I signed the lease agreement.

* * *

The Golden Gate Building was 5 minutes away from Gangnam Station.

Six floors of the 28-story building were empty. One floor will be a lounge, with cafes, conference rooms, studios, shower rooms, etc., and the other floors will be all offices.

With the help of Hyunjoo noona, I immediately called an expert and selected a design according to the space.

Originally, individual offices are designed so that the movement lines do not collide with each other as much as possible. However, in the case of start-ups, exchanges and collaborations are important, so some of the movement lines overlap.

The office was composed of a single room to a 10-person room, and some of them were modular, so they could be changed to a larger or smaller size as needed.

We all looked around the inside of the building. It was much wider than I thought. Most of the common space is taken out as a lounge, so it is likely that at least 20 offices can be created on one floor.

Hyun-joo’s sister asked.

“Can you fill it all here?”

“What… … Can we fill it up slowly?”

Even if I say this, I am worried. It seems like you did too much work from the beginning. Did you mean to rent only three floors first?

Ellie smiled and said.

“It will be fine, don’t worry. But what are you going to name it?”

“I do not know.”

Come to think of it, I didn’t think of the name.

Taegyu said.

“OTK Company and Golden Gate are together, how about OTK Gate?”

“Ah! I’m fine.”

Ellie continued to mutter ‘OTK Gate’ to see if she liked it.

“… … .”

Wouldn’t people call it an otaku gate?

But since I can’t think of a better name, she decided to just do it.

At the same time as the construction began, we published promotional materials and sent official letters to each university to recruit startups that wanted to move in.

I’m thinking of deciding whether to move in after a rigorous screening… … I wish there were more applicants.

I already made it, but what if no one comes in?

… … It didn’t take long for me to realize that the idea was false.

[OTK company engaged in social contribution activities][OTK Company and Golden Gate join hands to support startups][Opening a shared office for OTK Company & Golden Gate startups!][OTK Gate, Will New Opportunities Open for Korean Startups?]

– Speaking of OTK Gate, it feels like a gate into the otaku world.

-Aren’t only game and anime companies accepting occupancy?

-The price is 200,000 won for an office for two people.

-Wow! Compared to the others, it is almost one-fifth.

– It’s cheaper than that. In addition, OTK Company and Golden Gate provide consulting services here.

– Get rid of job preparation and go to start a business.

– I love OTK Company. Loyalty Loyalty Loyalty!

– I think the screening will be tough.

– I sent the papers today. Please go through!

Not only Korea University, but also colleges that are said to be the best in Seoul, KAIST, Pohang University, etc., came in with application documents for moving in.

Startups in existing shared offices also showed interest in low rents and good locations, and inquiries flooded in.

The competition ratio quickly exceeded 10 to 1.

It seemed that it would take more than a month to go through the screening and interview alone. We couldn’t handle it on our own, so even the Golden Gate employees came forward.

Pool Riding was selected as the first resident company.

* * *

As I went down to the underground parking lot with Taek-gyu, I saw senior Sang-yeop riding a McLaren.

“Where are you going?”

“Go on a date.”

I was surprised by that.

“Do you have a senior lover?”

Senior Sangyeop smiled shyly.

“She’s not a lover yet, and she’s been introduced and met a few times.”

Somehow, I thought I was going to retire these days.

Even if you’re busy, you do everything. After all, as Taek-gyu said, it’s not like we’re in a relationship with other people. It’s probably the right thing to do when you’re dating.

“Have a good date.”

“Huh. If it goes well, I’ll introduce you later.”

I thought as I watched Sangyeop senior driving out.

spring is spring

We got in the car and drove home. I feel it every time I enter the house, but it’s really spacious. I didn’t know I would live in such a big house.

For reference, the former owner of this house is currently in a detention center. He is waiting for the appeal trial, and he seems to be putting a glimmer of hope on the probation.

“How about dinner?”

“Let’s eat a little. It’s hard to even move.”

“I order pizza.”

“good.”

Without changing clothes, I lay on the sofa and turned on the TV.

A recent issue has been the massive tax cuts in the United States. And this has a lot to do with us.

At the same time, CNN was in the midst of a debate over tax cuts. Panels from the pros and cons came out and exchanged words.(Read more @ wuxiax.com)

Raising one’s voice while discussing is the same as in the US or Korea.

An economics professor who came out in favor of the rapper curve and argued that the tax cut would boost the US economy.

“What is a rapper curve? Is it related to Eminem?”

“… … No, it has nothing to do with it.”

Why is Eminem here?

Not a rapper, but a rapper.

“This is a theory developed by an American economist named Arthur Rapper. To put it simply, tax revenue increases as the tax rate rises, but beyond the optimal point, the motivation to work decreases, leading to a decrease in the tax rate.”

Because the graph draws a parabola, it is called a ‘wrapper curve’.

“Usually used when advocating tax cuts. It is a beautiful logic that lowering taxes will increase the motivation to work and invest, which in turn will increase tax revenue.”

In fact, Rapper Curve is controversial. It is difficult to say that the concept itself is wrong, but opinions are divided about the optimal tax rate.

Even with a surprisingly high tax rate, the motivation to work does not decrease, and on the contrary, investment does not increase as much as expected by reducing taxes.

In other words, a tax cut does not necessarily lead to economic revitalization.

The Democrats have put the brakes on Ronald’s policies in the past, but this time they did not strongly oppose it.

“Why don’t you oppose it?”

“Because the Democratic Party also receives political funds from large corporations. And tax cuts are generally favored by both liberals and conservatives.”

Who wouldn’t like a tax cut?

The reason why everyone can’t afford a tax cut that everyone likes is because of the fiscal deficit. Taxes are easy to lower once, but difficult to raise again.

The key to Ronald’s tax cut is to cut the corporate tax rate from 35 percent to 20 percent. If passed, it would be the largest tax cut since the Reagan administration.

When Ronald was first elected, the US stock market was expected to suffer. I wonder if the stock market, which was rising when Diane was leading at the time of the counting, plummeted as soon as Ronald reversed? (Thanks, we made billions of dollars.)

But the reality was just the opposite. The three major US indices (Dow, Nasdaq, and S&P) set new all-time highs day after day in anticipation of the passage of the tax cut.

The lower the tax rate, the higher the company’s profits. OTK companies with many businesses in the US will also benefit from it.

Come to think of it… … .

“Ronald will come to Korea soon.”

* * *

The Korea-US summit between President Ronald and President Park Si-hyeong has been decided.

In the past, Ronald had come to Korea several times for business purposes. However, this is his first visit to Korea since he became president of the United States.

He was originally scheduled to visit Korea at the end of the year, but the schedule was moved up because there are many issues that need to be dealt with urgently, such as the North Korean nuclear issue, USFK’s defense share, and revision of the Korea-US FTA.

… … That is a superficial reason.

Ronald is thinking of raising the declining approval rating by showing a strong president externally, and Park Si-hyung is also thinking of getting out of the savings bank issue with this summit as an opportunity.

I am a businessman who has the worst relationship with the Korean president. On the other hand, he is also the most friendly businessman with the President of the United States.

An economic delegation will accompany Ronald’s visit to Korea, and he is also scheduled to meet with Korean businessmen.

Of course, the list included the names of me and Taek-gyu.