Chapter 48
-----------------------------------------------------------------
Translator: MadScientist
Chapter: 48
Chapter Title: Contact
-----------------------------------------------------------------
In truth, even as Jin-seong watched the broadcast, he was deeply focused on another task at the same time.
His main concern was, of course, cashing out his Bitcoin.
He steadily checked the market prices and sold dozens of Bitcoins each day, but Jin-seong never listed them at low prices.
He only sold small amounts when the price held at his desired level, defending it while calmly converting them to cash.
He had already cashed out over 10,000 coins, and his assets had quietly surpassed 800 billion won.
He planned to keep between 5,000 and 10,000 Bitcoins in the end and liquidate the rest.
After that, he would set the remaining coins aside and forget about them until Bitcoin hit over 100 million won per coin, then sell them off slowly.
Meanwhile, with the funds growing so massive, Jin-seong decided to hire a dedicated tax accountant.
Bitcoin itself wasn't taxed, but buying assets or investing with the profits from selling coins would definitely trigger tax issues.
To prepare for that, he found and contracted someone to professionally handle tax matters.
He also met with a financial planner introduced through the bank.
Jin-seong sat comfortably on the sofa in the bank's VVIP consultation room.
Through the large window, he could see the bank lobby, where staff bustled about inside.
Soon, a financial planner in a sharp black suit entered with a smile, opening the door.
"Sorry to keep you waiting, sir. I'm Financial Planner Lee Young-jun."
Jin-seong stood briefly and shook his hand.
"No problem at all. Nice to meet you."
Lee Young-jun sat on the opposite sofa and spread out documents on the table.
He spoke to Jin-seong with a serious expression.
"The bank president mentioned it in advance. You plan to manage a substantial amount of funds. Do you have any specific ideas about the direction for asset allocation?"
Jin-seong began explaining his preferences simply.
"Honestly, I don't want high-risk investments. With such a large sum, I plan to roll it stably without any principal loss if possible. Mainly safe products with principal guarantees, and create cash flow from things like monthly rental income from buildings."
Lee Young-jun nodded and jotted down Jin-seong's requirements.
"Wise choice. The bigger the funds, the more important securing stable cash flow becomes. What return rate are you targeting?"
Jin-seong thought for a moment before replying calmly.
"Nothing greedy—just conservatively around 4% annually."
Lee Young-jun focused on the numbers for a second, then showed Jin-seong the calculations.
"If you entrust about 1 trillion won, at 4% annually that's 40 billion won a year, or about 3.3 billion won monthly.
Of course, after taxes, the net take-home would be around 34 billion won annually, or about 2.8 billion won a month."
Jin-seong nodded with a satisfied expression.
"Yes, that's plenty. Earning more than that doesn't add much meaning anyway."
Lee Young-jun smiled, slightly surprised.
"I've met many wealthy clients, but it's rare to see someone as relaxed as you, wanting only principal protection."
Jin-seong chuckled lightly.
"I just want to live comfortably. Making money is important, but now I want to manage and spend it stably."
Lee Young-jun smiled deeply, agreeing with Jin-seong.
"I completely agree. We'll design around the most conservative and safe products as you said. Principal-guaranteed financial products, plus acquiring stable commercial buildings or office towers for rental income."
Jin-seong replied immediately.
"Sounds good. Please proceed that way. And make sure to check tax details thoroughly."
"Of course. With your fund size, tax management is essential. We'll work closely with your tax accountant to minimize the burden."
Jin-seong smiled reassuringly and offered a handshake.
"Great. Looking forward to it."
Lee Young-jun shook firmly, giving Jin-seong confidence.
"We'll manage your assets meticulously. No worries."
With that, Jin-seong left the bank feeling even more at ease. His financial matters were now sorted, ready to enjoy the life he wanted leisurely.
Through consultations with the tax accountant, Jin-seong decided to establish a corporation specializing in rental management.
He would be the representative director, holding 100% of the shares.
Formally, family members were listed as directors, but he planned to handle all operations and decisions himself.
The tax accountant met with Jin-seong and explained the necessity of the corporation in detail.
"Sir, with your fund size, managing income under your personal name means enormous tax burdens. Rental profits treated as personal income get hit with heavy taxes."
Jin-seong listened, thought briefly, then asked again.
"So, specifically, how does setting up a corporation save on taxes?"
The tax accountant replied with clear evidence.
"With a corporation, rental income becomes corporate income. Corporations face lower tax rates than individuals, so big profits yield significant savings. It also clearly separates personal and corporate assets for easier management, and benefits future inheritance or gifting."
Jin-seong nodded deeply, agreeing.
"If we can legally reduce taxes, it's a no-brainer. Honestly, paying them feels like such a waste."
The tax accountant chuckled lightly.
"Exactly, sir. Maximizing legal tax savings is the core of asset management."
With the decision made, Jin-seong promptly established the corporation.
He then hired professional staff: one team to manage buildings, another to scout high-yield properties.
Leveraging Jin-seong's massive funds, they moved quickly.
They contracted several profitable commercial and office buildings under the corporation's name, and Jin-seong became a landlord one after another.
Now, without lifting a finger, stable monthly rent flowed in.
Rental payments steadily accumulated in the corporate account each month.
Building management staff handled maintenance thoroughly, so Jin-seong just had to watch the money pile up.
Thus, he secured a bank account that would never run dry for life.
He had truly attained 'financial freedom'.
Thanks to the tax accountant's advice, tax savings via the corporation succeeded, stabilizing his assets further and ensuring a worry-free, abundant life ahead.
Jin-seong woke up in the morning and, as usual, turned on his computer first thing.
Still groggy, he drank a glass of cool water in the kitchen before sitting back down.
Leaning comfortably in his chair, he lit a cigarette, inhaling slowly to wake up fully.
He checked coin prices first.
The coins listed the day before were selling smoothly.
With a satisfied expression, he exhaled once more, then logged into AmericaTV as always.
"Hm... nothing worth watching today."
He skimmed the broadcast list, lost interest, and was about to close the browser when...
A red notification blinked in the top right of the screen.
"Huh? What's this?"
Curious, he clicked it. There was a message in his inbox.
From Ye-ji, the cam girl he frequently watched.
「Coin King oppa, thank you so much for always visiting. Thanks to you, I've decided to go full-time as a broadcaster! I want to chat and stay in touch often—will you message me? Here's my number.」
Jin-seong read the message with a subtle expression.
Ye-ji had sent her contact info a week ago.
He'd been so focused on broadcasts and gifting star balloons that he hadn't checked AmericaTV's messaging feature.
Unintentionally, Ye-ji had been left anxiously waiting due to his indifference.
"Is this what passionate fandom looks like?"
Jin-seong pondered briefly.
He debated whether to contact her right away using the number.
Truthfully, he found internet broadcasters more appealing on screen than in real life.
Contacting and meeting might shatter the mystique, and she might not match his expectations.
Besides, their connection was just through star balloons.
He hesitated to cross into personal territory rashly.
In the end, Jin-seong just saved her number to his phone for now.
He'd reach out slowly after some more time passed.
With that, he casually shut down the computer and left.
Meanwhile, oblivious to his nonchalance, Ye-ji anxiously awaited his call.