Chapter 25
CHAPTER 25
Lee Woo-hyeon returning to city hall reviewed data.
Date has no problem even reviewing again. When that side was moving only discussion on theme park was occurring internally.
Didn't even report to upper part. Reported to upper part for first time already after KH Recovery acquired JS Construction.
Seems like moving seeing future.
Meant luck is that good. Actually not illegal moving seeing future. Not part he has to care either.
By the way will city council members allow this condition?
Final decision maker was Mayor. But if city council puts brake final approval doesn't come out. City council existed for that.
Phew... troubling if work increases acting stubborn for nothing.
He, civil servant mind to bone, wrote report worrying work increasing.
Recruitment of Kang Myeong-gu proceeded quickly.
"I come in as representative and return company Oh Jeong-seok that bastard made mess to normal. Is this story?"
"Yes. Treatment is industry best level..."
"Take care of such thing! Unconditionally will do! No, please let me do. Was hard watching company I devoted youth Oh Jeong-seok that immature making mess! Unconditionally have to do."
Seems accumulated lots. Saying okay without listening to condition. Sitting Kang Myeong-gu as representative of construction company like that, Gang-hyeon acting as temporary representative withdrew. Of course since holding 66 percent share of JS Construction practical governance structure didn't change.
Representative Kang Myeong-gu inaugurated as new representative, he revealed aspiration in interview with this paper "Will make KH Construction best construction company."]
JS Construction which was mid-sized construction company changed to KH Construction and started stretching again. Kang Myeong-gu was in that center. He who devoted lifetime to construction business beyond veteran started normalizing company quickly.
"Glad you returned!"
"Brother, I came again trusting only brother."
"Of course know! Let's shine glory of past again!"
Kang Myeong-gu mobilized all connections and gathered manpower to company. When Gang-hyeon was receiving report on such situation, pleasant article popped up.
According to what revealed until now this gang purchased at news that land of Yeongjong-do material will be developed as theme park, but known to plan Jeonse fraud to recover investment money as theme park fell through.
Meanwhile, this case is gathering interest known to be revealed in process of other company acquiring company planned Jeonse fraud.]
Metropolitan Investigation Unit of Incheon Police Station moved. Unit investigating case with high social interest. Media highlighted point that Investigation Unit moved and point that it is Jeonse fraud receiving public interest recently, plus large-scale planned Jeonse fraud of 2300 units. And netizens encountering this news were astonished.
— What is 2300 unit planned Jeonse fraud?
— Wow sh*t... is this scale possible?
— Looked up article, said built villa complex aiming from beginning.
— Heard scale alone 250 billion won level?
— If this burst really several people would have died...
— But can Jeonse fraud end as attempt?
└ According to news until now said revealed as other company acquired company which was developer.
└ Wow... where is that company?
└ Still rumor, but heard certain investment company?
└ Investment company caught Jeonse fraud?
Although Gang-hyeon's name wasn't mentioned directly, this matter was sufficient to draw everyone's interest. Naturally YouTube also started handling related case.
With information known until now known as 250 billion won scale. This is big case fighting for 1st, 2nd place even in Jeonse frauds occurred meanwhile!
I, Issue Magnifier, plan to handle this case in detail, so please like and subscribe and notification setting too!]
Large YouTubers also started handling related case. Doing so naturally KH's name was also mentioned.
[If KH Recovery didn't acquire JS Construction case would have burst within half year.]
YouTubers reprocessed articled content again and informed public. As YouTubers called so-called Wrecka (Cyber Wrecker) illuminated this case KH Recovery's name became known to world. Plus TV news set out to find victims directly.
[Will try phone connection with special person. Mr. Kim Min-gu who almost became victim of this Jeonse fraud. Hello?]
[Yes, hello.]
[Please introduce yourself.]
[I am Kim Min-gu resided in Incheon Yeongjong-do villa. Age is 37. Working at small and medium business.]
[You almost suffered damage directly in this Jeonse fraud attempt case?]
[Yes, contract period ending. Landlord said couldn't return Jeonse deposit.]
[Must have been helpless.]
[Really helpless. Wife due to give birth soon so wanted to provide better environment for child to be born.
So contracted apartment barely borrowing money from loan and acquaintances and receiving help from home. Became unable to receive Jeonse deposit back.]
Kim Min-gu's story was story that could be my story not simply victim's story. Maybe so viewers watching news had no choice but to be immersed more.
[When really helpless and thinking bad thought, contact came from company called KH Recovery. Said they acquired villa and return Jeonse deposit.]
[Received back all?]
[Yes. Could receive back all and leave villa and enter new apartment.]
[Really fortunate. Thank you for telling story like this today. Last word to say?]
[Want to say really thank you to KH Recovery. And everyone be careful of Jeonse fraud.]
[Thank you. Everyone, Case Manager promises to watch this case in future too and deliver fastest as new news conveyed!]
Kim Min-gu's interview became big topic.
— What is KH Recovery?
— Why here buys villa and returns Jeonse deposit with own money?
— Is it some volunteer organization?
— Content organized until now says discovered corruption doing due diligence in process of acquiring company share to secure land JS Construction possessed.
└ Plus had to purchase villas built on land so can use land freely when redeveloped later so purchased villas too. But doing due diligence on corporations possessing villas discovered were paper companies and Jeonse fraud.
— No lol then acquired land for speculation purpose. Then caught Jeonse fraud criminal?
└ Uh-huh! Speculation! Should say sound investment.
— By the way why did KH purchase land? No answer stands no matter how calculated?
— Money overflowing to extent letting rot for few years?
Originally public hated speculator. But this speculation situation nature was a bit different. Fact that caught common people target type crime called Jeonse fraud made netizens cheer. Maybe so large-scale land acquisition didn't receive big attention. Rather even people worrying about KH appeared. Story came out how to recover that since funds injected this time substantial. But this worry disappeared soon.
Report related to K-Theme Park came out. People encountering this news were astonished.
— What is K-Theme Park?
— Originally Yeongjong-do was planned city. Is this built eventually?
— Isn't it overturning again?
— Anyway if Jeonse fraud villa complex isn't it KH there?
— At this level didn't invest knowing?
— Possibility high though.
— Then why didn't scammers wait?
└ Don't know
Following Jeonse fraud investigation development on land KH Recovery possessed was confirmed. There were people showing suspicious eyes seeing this procedure. But Incheon City side moved first.
In document Incheon City provided...]
As putting out evidence unusually most suspicious gazes disappeared.
— Timing amazing once.
— Wow... kids sold that land would be unfair.
└ Unfair lol guys tried to scam received heavenly punishment.
— As expected investment is timing...!
While KH Recovery mentioned in public's mouth. Gang-hyeon going to work at KH Capital after long time received respectful gazes of employees.
"CEO, really amazing."
"Did you start this project while we went on vacation?"
"Wow... to catch Jeonse fraud gang."
As employees entered office receiving hospitality Gwang-ho followed in. Closing door he asked Gang-hyeon immediately.
"How on earth happened?"
"Hm? Knew established company called KH Recovery and invested in real estate?"
Since KH Capital became holding company, notified that part after employees' vacation ended. Although surprised at sudden real estate investment, didn't care much since representative's decision anyway.
"No, thought not big scale to call real estate investment. Seeing news, said invested few hundred billion?"
"Roughly 300 billion?"
"Cost only that? Heard land value exceeds 300 billion. Plus if purchased villas too isn't it over 500 billion?"
"Purchased land as non-performing loan. So 110 billion level, plus villa value was 250 billion so total 360 billion cost."
360 billion won. Enormous amount. Over half of NextMove income earned recently went in. Important thing wasn't injected capital.
"Recovery? Think possible?"
Most important thing in investment was recovery. If investment worth that much nothing strange even if all company funds go in.
"Yeah. If signing land lease contract with Incheon City about 250 billion won will be recovered in long term."
"Can obtain stable profit. Roughly 8~13 billion won a year?"
"Will be that much. Plus KH Construction put as subsidiary rebranding JS Construction high possibility becoming construction company."
"What? That's jackpot?"
"Right. Construction scale alone roughly 800 billion construction. Obtaining name value above mid-sized instantly."
If 800 billion construction net profit obtained there reaches tens of billions. Not simply ending here. If this contract completed practically KH Recovery becomes partner relationship with Incheon City. Clear to be assigned as 1st priority of various businesses Incheon City proceeds and tangible and intangible value obtained there was enormous.
"For now seen slight loss compared to investment money, but viewing long term unconditionally remaining business."
"Hm? Didn't see loss."
"Uh?"
"Real estate near land I purchased in advance all jumped after article went out."
"Ah...! You don't tell me?"
"Yeah. Purchased nearby items all too. Even looking based on pre-reflected ones about 30 percent profit compared to investment. Of course book profit yet."
Moved meticulously. Thanks to that could maximize profit. Gwang-ho clicked tongue seeing friend Gang-hyeon committed these things while he didn't know.
"You really, became completely different guy. How on earth knew and committed this thing?"
"Was coincidence."
"Coincidence? Doesn't make sense."
"Really. Mother was residing in place where this Jeonse fraud occurred."
"Ah...!"
Gwang-ho also knew fact Gang-hyeon's mother resided in Yeongjong-do. As one puzzle matched all pictures completed afterwards.
"Came up to here trying to solve mother Jeonse fraud?"
"At first just tried to receive mother Jeonse deposit only. But digging, too messy. Entangled too large-scale and above all didn't think Incheon City would just leave this land."
Start was coincidence, but afterwards Gang-hyeon's foresight worked properly.
"Really drastic. Even so investing that much fund at once wouldn't have been easy."
"Originally investment should be drastic."
Admitted that. Actually Gang-hyeon was drastic at Goldwin's tariff war too and made nonsensical decision in NextMove investment too. So could obtain enormous profit. This time too same. At appearance of Gang-hyeon became big hand in real estate too not only finance now Gwang-ho shook head.
"Do you know what hottest topic in Yeouido is these days?"
"Yeouido? What?"
"Our company story. As startup Family Office succeeds in enormous investment suddenly, everyone watching carefully."
"That feels good."
Just half year ago chased out from Yeouido. Such self became hottest keyword of Yeouido now.
"By the way how stomach ache So-ye would be if knowing this fact? How does she do exactly at low point even divorcing?"
Investment too life too. Always timing. So-ye cut him off at low point of life and afterwards his life reversed literally 180 degrees. If knowing this fact clear as fire seeing her face crumple.
"Want to see that expression once."
"Want to see too. By the way receiving this focused illumination in this short time FSS will pay attention too."
Financial Supervisory Service is existence like Grim Reaper to investment company. When they visit company never good meaning.
Internal line phone rang. Gang-hyeon took gesture to receive phone and picked up receiver.
"Yes."
Did say tiger comes if talking about it? Grim Reaper visited company.
(End of Chapter)
— Translated by Prime Works —