Story of a Big Player from Gangnam

Chapter 847: Private Equity Fund (PEF) Company (3) – Part 2

When Mr. Geun-Soo Son worked at Gangnam Bank before, he had a chance to meet and work with a lot of VIP clients. He often gave consultation to those who owned tens of billions of won several times. But Gun-Ho Goo, who was sitting in front of him, didn’t look like one of those people. Gun-Ho looked more like a manager or a senior manager in a large company. His young age and the way he dressed gave Mr. Geun-Soo Son such an impression.

‘But, he is the owner of the building that I’m sitting in right now. Moreover, he owns a public company that is registered with KOSDAQ. I saw three companies listed on his business card. I wonder what kind of companies they are. I wonder how he has built all those companies at his young age.’

Mr. Geun-Soo Son was sitting on the sofa in Gun-Ho’s office feeling complicated. At that moment, Accounting Manager Hong brought a copy of his bank account and the original certificate of resident registration after making copies of them.

Mr. Son thought, ‘He is a meticulous man. He said he would need a copy of my bank account information as it is necessary to transfer funds to me, but he ended up making a copy of my certificate of resident registration as well. I think he is worth serving. I think I can make my living as long as I work for him.’

Mr. Geun-Soo Son smiled and said, “Okay, sir. I will register our private equity fund company with the name—SH Investment Partners. I’m pretty positive that the name is available for us to use.”

“Ms. Seung-Hee Park will soon come to the office with necessary papers such as her certificate of resident registration and certificate of seal impression. You probably want to wait for her here and take her papers with you.”

“Understood, sir.”

“The office-tel that you said you found for us... Is that office-tel vacant right now?”

“Yes, it is currently vacant, sir. We can move in right away after signing the lease contract.”

“Then, please sign the contract today.”

“Yes, sir.”

“You can wait for Ms. Seung-Hee Park while having a cup of coffee or something in the book café on the rooftop. You will probably feel bored staying in this office until then. I will give you a call as soon as Ms. Seung-Hee Park arrives here.”

“Oh, there is a rooftop book café in this building? Sounds great. I will have a cup of tea there. Thank you.”

About an hour later, Seung-Hee sister entered Gun-Ho’s office.

“I’m so sorry that I came late.”

“You brought all the necessary papers with you, right?”

“Yeah, I did.”

Gun-Ho called for Accounting Manager Hong and handed Seung-Hee sister’s papers to her to make a copy of them. There were her bank account information and her certificate of resident registration.

Gun-Ho said, “We named the private equity fund company as ‘SH Investment Partners.’ SH is your name initials.”

“Oh, is that right? I don’t have to worry about anything by using my initials in the company name, do I?”

“No, you don’t have to worry about a thing. If you feel uncomfortable using your name initials in the company’s name, I will remove it right away.”

“Haha, I didn’t mean that. I trust you, President Goo.”

“Someone is waiting for you in the rooftop book café here. He is the one who will take care of establishing the private equity fund company.”

“Oh, you mean the person who will take the president position of the company?”

“Yes. He is a former team lead at the global asset strategy department of Gangnam Bank.”

“I see. Well, I believe we can trust former high-ranking officers at a bank.”

Gun-Ho intuitively knew that Seung-Hee sister tended to be skeptical about everything. That was probably because she had a hard life, especially from a financial standpoint.

“That person found a good office-tel around the Gangnam Station area. He will sign the lease agreement today. You and that person will be the two directors of our new private equity fund company. He will work full-time, and your position is part-time.”

“I think you told me about it the other day.”

“Since he is working all day long every day at the company, his monthly wage will be 3 million won while your wage will be less than that.”

Seung-Hee sister swallowed heavily as Gun-Ho was talking about her wage. She looked at Gun-Ho with all ears.

“I will give you 1.5 million won per month.”

Seung-Hee sister’s eyes widened. She was working as an insurance salesperson, and she was being paid about 1 million won per month because she was not very good at her work. Now, Gun-Ho was offering her that he would pay her 1.5 million won per month, and she didn’t even have to be at the office. It was definitely a windfall for her.

“Wow, are you going to pay me that much?”

Gun-Ho handed Seung-Hee sister’s stock account’s card to her and said, “Your stock account is holding 16.1 billion won right now.”

“Sixteen what?”

“Sixteen point one billion won.”

“What? Oh my! Did you say 16.1 billion won?!”

“Of course, they are not all my money. Only part of them is mine. As I mentioned before, the funds belong to several investors who I’ve been working with in making investments in the stock market. Just know that, and also, you shouldn’t tell anyone about this.”

“Is my hand shaking? I can’t stop shaking after I heard of 16.1 billion won.”

“You don’t have to feel nervous. Those are other people’s money after all.”

“I don’t know why I’m shaking. I just never heard of that much amount of money before.”

Gun-Ho called for Accounting Manager Hong again.

“You have a copy of Mr. Geun-Soo Son’s bank account, right? I need his bank account information now. I need to transfer some funds to him.”

“Yes, sir.”

A moment later, Manager Hong brought a memo with Geun-Soo Son’s bank account information.

Gun-Ho said to Seung-Hee, “I need you to send 15 million won from your stock account to his bank account. Here is your stock account card. You can take it with you and transfer the fund using the ATM downstairs. There is a bank in the building next to us. He will need the money to lease the office-tel and buy computers and stuff.”

“Okay.”

“When we need to transfer funds again in the future, I expect that you come to this office. A large amount of money cannot be transferred via ATM, but you should be at the stock brokerage company in person.”

“No problem. I can do that.”

Seung-Hee sister was heading out of the office carrying her stock account card, and then she turned around and quickly walked to the sofa on which she had been sitting on and said urgently, “Shoot, I forgot my bag!”

It seemed that she left her bag in Gun-Ho’s office and quickly came back to pick it up. She looked nervous. She was still startled by the amount of money that was saved in her stock account—16.1 billion won, and also she was so excited by the idea of being paid for 1.5 million won per month.

Gun-Ho smiled at Seung-Hee sister.

After a while, Seung-Hee sister came back to Gun-Ho’s office. She brought the fund transfer receipt of 15 million won and the stock account card.

“I will keep the account card in this office for now.”

Gun-Ho then made a call to Mr. Geun-Soo Son, who was spending his time in the rooftop café waiting for his call, “Ms. Seung-Hee Park is here. You can come down to the office now.”

“Yes, sir.”

Mr. Geun-Soo Son entered Gun-Ho’s office.

Gun-Ho said, “This is Ms. Seung-Hee Park, and this is Mr. Geun-Soo Son. You two will be the directors of our SH Investment Partners.”

“I’m Geun-Soo Son. Pleasure meeting you.”

“I’m Seung-Hee Park. Nice to meet you.”

Geun-Soo Son, who was a former bank officer, felt disappointed when he saw Seung-Hee.

‘I thought I would meet a wealthy lady. It seems that she is just an ordinary worker who will do the job on behalf of President Goo.’