chapter 13
[Han Seong-gak. It’s the plum room.]
I’m indebted to Im Han-ul, and I decided to buy this evening to listen to his advice.
Hanseonggak was a Korean traditional restaurant located in Gangnam. The lunch special is 30,000 won, and the dinner menu starts at 50,000 won per person, so it was nice that there were many rooms.
It was good to talk about business in a private place like this.
drooling.
The door opened and Im Hanul stepped inside.
“Did you come early? Did you wait long?”
“No. I just came too.”
“You can just buy me some soup.”
“How is that? I owe a lot to you.”
He smiled and took off his coat and tidied it up.
“Do you know what I owe you?”
“Everyone knows. Thank you.”
“Bastard. It’s embarrassing. Did you order the menu?”
“No. Choose.”
“I’m on the course. The braised short ribs here are delicious.”
“Yes? I’d like two courses here.”
After placing an order with the waitress who followed Im Han-ul, we sat facing each other. Even though it was the first time I had eaten in my room since being indicted, I was in a bad mood.
‘It reminds me of a dinner party.’
4,000 annual salary. It was not enough to live alone, but not enough to support his wife and daughter. I was an office worker with only 20 pocket money, so I couldn’t come to such a high-end restaurant except for a dinner party.
‘It’s easy to make 100 million a day now. I got out Kim Jae-goo.’
A nonsense laugh came out.
“It’s pretty expensive here. Is your pocket money okay?”
“Your brother has a lot of money now.”
“Shit. Are you saying you got some money right away? Go away.”
“It’s a joke, a joke.”
Im Hanul smiled.
“Then I’ll eat well.”
“Eat a lot. What should I order for a drink?”
“it’s okay.”
he waved his hand
“Let’s talk sober, let’s drink in the second round.”
“That’s good too.”
“Rather than that. You want to start a company?”
“Uh. I’m trying to do business.”
“Business is a little risky.”
He raised one eyebrow and narrowed his brows.
“You have to work hard.”
I had no intention of actually running the company. I’m busy with just making money, but I didn’t want to worry about management.
Nevertheless, there were three reasons for setting up the company.
First, it was to roll money and invest in a name other than my name. We will invest as a corporation to make money, and use some of the money to slowly buy shares in Dokgo Group.
It was because it was clear that if I made aggressive purchases in my name, I would be held in check. If an individual buys a large number of stocks, won’t their intentions be obvious?
‘Besides, if the individual was the one who put him in prison with his own hands, even more so.’
The process of entering prison without even having time to make excuses was clearly not a proper procedure. Because I was convicted without even going to second trial.
‘Someone must have touched it.’
The president of Gangmyeong Corporation, the company I worked for, was not resourceful enough to do such a thing.
‘It’s obviously going to be alone.’
I will make some purchases in my name. So you’ll think that’s all.
While watching the buying little by little, I will hit the work with corporations. If my name secures some stake, I’ll try to keep it in check, but maybe it’s already too late at that time?
The thought of f*cking me made me feel better.
Second, because of taxes. From next year, all stock transactions had to pay financial investment income tax. Right now, I didn’t have to pay taxes on my stock unless I became a major shareholder at the end of the year, but I didn’t think this war would end in a year.
‘Suddenly investing a lot of money can also capture cash flow.’
It was risky to move tens of billions of money to be earned as an individual at once. So, I decided to use a strategy of distributing in advance and calling the corporation.
‘I can also save on dividend income tax.’
Individuals had to pay comprehensive income tax if their dividends exceeded 20 million won.
Even Dokgo Commerce, a sub-affiliate of the Dokgo Group, headed by Dokgo-jeong, a close friend, has a market capitalization of 300 billion won. 30 billion won even if you secure only 10% of the stake. Assuming that the company receives 2%, the average dividend income for three years, it has generated a dividend of 600 million won.
If the dividend is 600 million, do you know what the tax is? Over 230 million If it is a corporation, 132 million won is sufficient.
‘Those who are like robbers.’
It was something to catch the back of the neck to see public officials who change the sidewalk block every year and spend tax money on luxurious business trips abroad.
‘Not to mention members of the National Assembly.’
And lastly, it was because I didn’t want to put my name on the list of rich people in Korea for a while. If I continued to invest in my name, it would exceed 10 billion next month, and it was obvious that the magic of compound interest would increase exponentially after that.
‘I don’t want to stand out until the revenge is finished.’
I wanted to hide my identity until I felt that I had driven enough of the other person.
That’s why I had to set up a corporation.
“Dinner is served.”
A table full of delicious Hanjeongsik was prepared. The galbijjim in the middle was especially excellent.
Im Hanul rubbed his hands together and raised his chopsticks.
“Jaegu. I’ll eat well.”
“If it’s not enough, order more.”
It was something I had never said before when I had 200,000 won. It was so nice to be able to say this to a dear friend.
“So. What kind of business do you want to do?”
“They say they do a lot of smart stores these days.”
“What are you going to do?”
“I’m thinking of selling some miscellaneous goods.”
“It’s smaller than I thought.”
Im Hanul smiled.
“Then did you think you could do something more daring?”
I didn’t want to involve him in my plans. I had no intention of losing, but I wanted to make sure that even if something went wrong, I wouldn’t enter the target.
“So. What do you want me to tell you?”
“How to register a corporation. We will recruit investors and invest in equity, but we will not go public. Can you tell us how to set up investors’ equity?”
“Okay. I’ll send you a message later, so just listen for now.”
The words poured out of Im Han-ul’s mouth like clearing water. How to register a corporation, and how to receive investment. And how to set up and document the stake in the investment.
Even the mistakes that came from experience were explained step by step with examples.
“And finally.”
He explained about the startup support center worth visiting to receive investment. He said that if you do not have enough initial capital, you can receive a subsidy if you take good care of the documents.
“At 36, it’s a bit daunting, but since I’m still only 35, I’ll be able to apply for the Young Entrepreneur Program as well.”
“It’s not that grand.”
“Would you like me to introduce you to a tax attorney I know?”
“I’ll ask you later if you need me.”
It was better for me to find it separately.
‘I haven’t even found the pants boss yet.’
If I used my name when registering a corporation, I would be caught in no time. Fortunately, in the case of an unlisted company, it was decided to take advantage of this blind spot because others could not know the owner unless it was disclosed.
‘Sooner or later, I’ll have to build one in the US, but…’
That was the story later when more money piled up. For now, I decided to do what I could in a hurry.
“Do you have any more questions?”
“No. Thank you.”
Thanks to his explanation, the fragmentary information I researched on the Internet was put together in my head.
Now, it seems that if you find the president of the pants, you can set up a corporation right away.
“Then let’s forget about business and let’s run all night with friends, shall we?”
“You were eating.”
“There’s no alcohol. No alcohol.”
Im Hanul smiled.
“Yes. Let’s do it.”
***
Monday morning. I started my day at 9:00 by entering the items.
Instead of taking a crowded bus, I decided to take a Bentley to Gangnam.
The black Bentley was shiny and classy thanks to a superior motors man coming by and washing it yesterday.
‘Still, the car is well polished.’
When I started the engine, the driver’s seat was adjusted to fit me, and the soft leather seats wrapped around my body. Looking at the classic cockpit resembling a high-end watch, I already felt like a president.
‘Big… I never thought I’d be riding in a luxury car like this.’
The president of the company I worked for before had never driven such a nice car.
Goooh
I stepped on the accelerator and the car accelerated smoothly. With a low and profound sound, the 626 mana engine pumped and accelerated quickly.
I just gently raised my feet and reached 100km in an instant.
‘It kills the sense of speed!’
Even better than that was the yielding of other cars. When I was riding an old model of National Car, the cars that did not get out of the way blocked the road and made the road.
I didn’t go out between them because I was used to defensive driving, but just the fact that the road was wide open made my stomach pierce.
‘Driving was so comfortable.’
No one intervened, no one clung threateningly. It’s just that the car has changed, but people’s attitudes have completely changed.
‘It’s good to have money.’
Maybe it’s because it’s past rush hour on weekdays, and the roads in Gangnam aren’t as clogged as I thought. I decided to look around several places, starting with the real estate that had the most offices for sale on Internet real estate.
‘It’s good to sell a lot of footwork. The program does stock trading anyway.’
The cell phone in my pocket couldn’t be so reassuring.
In order to establish a corporation, there were two things that had to be prepared first. One was the president of the company who would be the representative instead of me, and one was the place where the corporation would be located.
I couldn’t get a pantsuit right away, but the office was different. Perhaps because of the daily down market, there were quite a lot of vacancies in the office, so it was worth looking around.
I parked my car on the shoulder of the road in front of the realtor.
‘It’ll be fine since the other car is also parked.’
When I entered the office, I smelled the food as if the real estate agent was eating.
“welcome.”
The broker stood up and glanced at me.
“Boss. Can I park the car outside?”
“Yes. That’s fine. I’m going to eat only this, so please have a coffee.”
It felt like I was being neglected for some reason, but even the dog didn’t touch me when I was eating.
Still, there was a fairly luxurious coffee machine, so I made coffee with a good heart. I liked the smell of bitter coffee.
Grabbing my coffee, I looked at the map on the office wall. Development areas and apartments were highlighted.
‘There’s a new building coming in here.’
As I was studying and looking at the development plan, a broker approached me. I could feel the glances scrutinizing me.
‘Shouldn’t have sewed up the sleeves.’
I decided to just hold on because the tailored suit would arrive soon, but when someone else looked through it, I got nervous.
The broker opened his mouth.
“What are you here for?”
“I’m here to see the office.”
“An office? Are you looking for something?”
“I hope the soundproofing is good.”
“Are you looking for rent?”
“Yes.”
Monthly rent was advantageous in terms of tax because it was possible to handle necessary expenses.
“It’s a soundproofed office… As you know, Gangnam is a bit expensive.”
“Is there anyone in Korea who doesn’t know that?”
After a moment of silence, he waved his hand.
“Ah. No. I don’t mean that… Hmm. Let’s see. Where do you think the location is?”
“It would be nice to have convenient transportation.”
“What’s the average?”
“It doesn’t matter.”
Anyway, I just needed a place to rest for a while, leaving the computer behind. You can get an expensive office later.
“Wait.”
He went to his computer and started looking for a property.
After a while he came with some papers. He looked at the paper and pointed the pointer at the map hanging on the wall.
“There is a 10-pyeong officetel on this side, and the monthly rent is 1 million won with a deposit of 1,000. And this side…”
He enthusiastically explained. Despite being in Gangnam, the price was cheaper than expected.
“The price is cheap, but is it a good sale?”
“Shall I show you? You’ll love it.”
“Yes.”
“Wait a minute. Key… where is it? Here it is!”
The broker came running with the car keys.
“Let’s go.”
His gaze came out of the store and turned to the Bentley. It was definitely a color that stood out between BMW and Benz.
“Hey, what is this?”
He quietly looked around the car.
“The car is nice. But what the hell is wrong with parking in front of someone else’s store and not leaving a phone number? Anyway, people these days don’t have manners. Don’t they?”
why are you telling me that?
“The boss said earlier that you can stand it.”
“Ah. Come to think of it, I think it would be better to move the car to see the house. Where is the boss’s car?”
Beep.
Instead of answering, I pressed the car key and Bentley responded.
“Where can I park the car?”
The broker’s eyes widened to the size of a lantern.
“president!”
“Yes?”
“Coming to think of it, I think there are better properties out there.”
< Let’s do our best > End