Hypnosis for a 100 Billion Loan: This Delinquent Chick Owns the Building? (5)
Kim Jong-su, the branch manager, repeated after me.
"Yes. Master Seongtae."
I first applied the exact same security suggestion I'd used on the tax accountant.
I need to make an exception, though...
"What's the position and name of that guy you were talking to earlier?"
"Choi Eun-haeng, the deputy manager."
A deputy manager? Not bad.
"Make Choi Eun-haeng the exception."
"Yes, Choi Eun-haeng is the exception, and you're forbidden from sharing anything about Master Seongtae."
"Especially no using internal messengers or anything that leaves a record."
"Yes."
I leaned in and said,
"Okay, now the main point. That 20 million won loan in my name—can you handle repaying it on your end? Fake the documents or whatever."
"Yes. Possible."
"Wait, it's possible?"
"Of course. It's too simple."
Huh? Why's it possible? Simple? Whatever, set that aside for now.
"I'm planning to set up a company, but my credit's trashed. Any way you can swing a loan on your own authority?"
"Hm... There's something called a PF loan."
"What's PF?"
"Normal loans take collateral from an existing company's assets. They check credit and collateral value. But PF stands for Project Financing. Simply put, we look at the project business plan, estimate future revenue, and lend based on that."
"Any company can get one?"
"No. We evaluate the business plan, assess future value, and price the risk appropriately."
"How do you know what's appropriate?"
"That's why we mainly invest conservatively in projects with predictable fixed revenue, like construction or real estate leasing."
"Hm... Give me an easy example with real estate PF."
He pulled out a pen and paper from nearby and started explaining.
"Say Master Seongtae sets up a construction company and wants a loan to build an apartment complex. What would we base the loan on—your repayment ability? Or assets for collateral?"
"He drew three boxy building shapes and continued.
"But suppose Master Seongtae takes a PF loan to smoothly run the apartment project. Completion in 2025. We'd take the future value of that real estate as collateral and lend accordingly. Repayment once a certain percentage is pre-sold."
I scratched an X on one of the buildings and said,
"But what if I don't build it, or it doesn't go as planned? That's risk for the bank."
"That's the tricky part. We form a team to review repayment capacity and evaluate the construction company's capabilities."
"Sounds like a super risky loan for the bank. Why do it?"
"Originally, it was to support projects with solid future collateral value. But it's been corrupted for ages. The whole Republic of Korea is tearing its hair out over PF loans right now—you know that?"
I was baffled. I watched the news sometimes, but...
"First time hearing it."
"Construction firms and developers got reckless PF loans. Real estate slump hits, they default, banks can't recover principal, and countless homebuyers' dreams go up in smoke."
"What about the construction CEOs?"
"Fled overseas, probably."
"From what I hear, the whole PF system sounds like straight-up illegal pyramid scheme bullshit."
"Frankly, yes. Real estate PF alone exceeds 100 trillion won. Korea's subprime mortgage crisis isn't far off."
Not my problem.
"How about 10 billion for a PF loan?"
"10 billion? You could do that at the teller window."
"Really?"
"Yeah. 10 billion's nothing."
"100 billion?"
"Still small-scale. Just fake up some docs, and I can spice 'em up by next week."
"Damn, that easy?"
"Yes. I can handle that much on my own."
A branch manager's got that kind of pull? Cocky bastard. I didn't need 1 trillion yet, but I bluffed big.
"1 trillion?"
"Then you'd need a separate SPC, with ongoing audits. What's your company's scale?"
"SPC? Company not set up yet."
"SPC is Special Purpose Company—a shell company for one project. Set up a limited company."
"Hm... So for that real estate example, a one-off company just for building that structure?"
"Yes. Separates assets to prevent bankruptcy contagion and transfers debt."
What the hell's he saying?
"Speaking of shells, you set the SPC in a tax haven?"
"Yes, typically. Say a parent company can't sell real estate quick—sets up SPC to buy it, secures cash flow."
Figures... That's the paper company the tax accountant mentioned for some Antigaba-whatever haven. SPC.
Listening, a company was just a bucket to hold water.
Couldn't figure why big capital spreads tentacles wide when it grows. Makes sense now.
Avoids taxes and cash getting stuck.
"How to set up an SPC?"
"Just 50 million won capital."
"So 100 billion's doable if I make a company and slap together some docs?"
"Yes. Easy for me."
I never thought I'd touch 100 billion in my life... Time to team up with Dalgeon.
"Okay, here's my number."
I gave him the phone number from Cheolyong, exchanged, saved only his on mine, and made sure he didn't save my name.
"Memorize the number in your brain. Answer secretly when I call."
"Yes. I'll remember."
"But PF loans to a brand-new nothing company? Basically gambling the principal—possible?"
"Master Seongtae, heard of that PF embezzlement at some bank? 300 billion just from faked docs. Korea's full of blind money. Only the info-less commoners suffer."
"How much you made?"
"My assets near 100 billion. Retirement payout alone over 10 billion."
"Holy shit, raking it in?"
"Haha, didn't know?"
He straightened his tie smugly.
I was a bookworm nerd—didn't know. Bankers touching money make bank for real. Securities firms next? Maybe visit later.
And repay the 20 million properly as loan repayment—no faking.
"I'll call again. I'll send fake-ish docs. Back to normal work when I leave this room."
"Yes. Safe travels, Master Seongtae. I'll prep docs. Quick—company name and business?"
"Miracle Company. For now, coin and NFT issuance and sales."
"Got it. Risky business. Normally, no loan in dreams."
"Shut up and fake it good."
"Yes."
Fuck, pissing me off. Thorns in his words. 'Dreams'? True, though.
"Hey, after I leave, do 100 push-ups in here before work."
"Yes. 100 push-ups."
Whatever, 100 billion ain't pocket change. This'll do.
I opened the door and slipped out.
Work those push-ups hard, asshole.
Time to bounce. Was gonna call Dalgeon.
Nah... Remote hypnosis him instead?
Opened the map. Red circle spinning fast.
That's Dalgeon. Cruising in the car.
Voice command on.
"Hey, Dalgeon. Park at the bank lot entrance and wait."
Like ordering the iPhone AI, voice converted to text and sent.
Did it work?
Heading down stairs, the deputy and teller were back to normal work.
Deal with them later. No big issue.
Walking out, map showed red circle turning toward the bank.
I went to greet it. Car pulled up, Cheolyong opened the front window.
"Yo, you here?"
"Master Seongtae? How'd you know? My body moved on its own. I was waiting as ordered—sorry."
Doesn't know he's remotely controlled? Fun shit for Choi Ga-eun later.
Opened back door and got in.
"Nah, it's fine. Departing now should time it right."
"Yes, Master Seongtae. Bank go well?"
"Yeah. 100 billion incoming quick."
"Pardon? 100 billion? How the... what'd you do?"
"Scared of 100 billion? Smells like money, feels good, right?"
"Not my money, so whatever. Ah, that explains the grin."
"Was I smiling?"
Didn't notice.
"Yes. Pure bliss on your face."
"Yeah? Feeling good's real. Let's roll, Dalgeon!"
"Yes!"
In the car, I pulled out the pad while chatting with Cheolyong, noting and organizing what I'd heard.
"As expected... Master Seongtae, incredible. Say the word, I'll fake the docs. Crypto specialist lawyer, remember?"
"Got it. Expecting big things."
The Italian restaurant for meeting Choi Ga-eun and her legal rep came into view.
15 minutes till appointment.
Sudden thought.
I know her face and info cold. She knows jack about me.
Time to exploit this info gap.
"Wait in the parking lot?"
"Pardon? Could wait inside."
"Nah. Wanna hypnotize her the second she nears. Park and wait."
5 minutes to time, a clearly baller car rolled up.
"That's her ride, right?"
"Yes, looks like it."
Opened remote hypnosis map. Zoomed max. Three red circles in that car.
Moment later, parked. Driver-type opened back door.
Blonde hair, sharp sunglasses, thick brown coat, red heels—Choi Ga-eun emerged.
"Found the brat."
What to try first?
Gonna play with her real fun.