<h4>Chapter 846: Private Equity Fund (PEF) Company (3) – Part 1</h4>


    While Secretary Yeon-Soo Oh was serving a cup of tea, Gun-Ho and the man, who was introduced by the stock brokeragepany’s branch manager, stopped their conversation for a moment. Once she left, they resumed their conversation.


    The man who used to work at Gangnam Bank as the team lead of its global asset strategy department—Mr. Geun-Soo Son—asked Gun-Ho, “Mr. President Goo, you are aware that in order to establish a private equity fundpany, you need to bring in at least 3 billion won, aren’t you?”


    “I know that.”


    “So many investment consulting firms have been formed these days. ordingly, it became difficult to find investors to join a private equity fundpany like ours. Can I assume that you have enough cash to make an investment?”


    “The required funds of 3 billion won will be sent under the name of Seung-Hee Park. It’s ady. She has been doing management business with investors. She is managing their funds mostly. She now wants to use the service of a private equity fundpany.”


    “Oh, is that right?”


    “The thing is that the private equity fundpany that I am about to establish is supposed to make an investment in apany that I select only. No employees should be able to ept investors to join thepany or choose apany to invest in, at his or her own discretion.”


    As Gun-Ho clearly stated his intention about the purpose of his soon-to-be-established private equity fundpany, Mr. Geun-Soo Son smiled and said, “That would be actually more convenient for us as long as we get paid.”


    “It’s almost the end of the day, so starting tomorrow, please start finding an office-tel for thepany around the Gangnam Station area. We will need its address to register thepany with the government.”


    “Yes, sir. I will do that. How much monthly rent do you think would be adequate, sir?”


    “I want an office-tel with a monthly rent of 1 million won or less with a security deposit of 10 million won max.”


    “Understood, sir.”


    “I want to name the private equity fundpany as ‘Winners Investment Partners.’ If the name is already taken, you can change it a little bit when you register thepany.”


    “Yes, sir. I will research register offices online to see if the name is still avable.”


    “The two directors for thepany will be Ms. Seung-Hee Park and you—Mr. Geun-Soo Son. You probably want to prepare papers such as your certificate of resident registration, certificate of seal impression, a copy of your bank ount, etc. by tomorrow. In case, you probably want to prepare two copies of everything.”


    “Understood, sir.”


    “And... We need to talk about your wage too. How much do you expect to get paid?”


    “As you said earlier, I won’t have to look for goodpanies to invest in, but you will give me an instruction whichpany we should make an investment in, which would make my job a lot easier. So, I think a monthly wage of 3 million won would be sufficient.”


    “Okay, 3 million won per month then.”


    After Mr. Geun-Soo Son left the office, Gun-Ho made a call to Seung-Hee sister.


    “Can you bring your certificate of resident registration, certificate of seal impression, and a copy of your bank ount to my office tomorrow? I need them in order to open the private equity fundpany that I told you aboutst time.”


    “Tomorrow? Okay, I will bring them to your office tomorrow morning.”


    In thete afternoon when Gun-Ho was ready to go home for the day, he received a call from Mr. Geun-Soo Son who used to work in Gangnam Bank.”


    “Sir, this is Geun-Soo Son who used to work for Gangnam Bank. I went to your office this morning.”


    “Yes, Mr. Son.”


    “I talked with a realtor on the way home today to see if there is a good office-tel avable around the Gangnam Station area. There is one office-tel which is called Daewoo The O’vill Plus. It’s very close to the Gangnam Station. It looks good and spacious enough to ce three desks.”


    “How much are they asking?”


    “The monthly rent is 900,000 won with a security deposit of 10 million won.”


    “Sounds good. Once you bring a copy of your bank ount, I will send the necessary fund to that ount to set up the office. I want you to sign the lease agreement for the office-tel as an individual for now since thepany hasn’t been formed yet. Once thepany is established, we will change the tenant’s name to thepany.”


    “Understood, sir.”


    ‘He is so quick. I guess he is so eager to start working since he has been unemployed for a while.’


    The daily temperature range became great. It was chilly in the morning.


    “Chan-Ho, you are wearing a jacket. It’s getting cold, isn’t it?”


    “Yes, sir. I took out this jacket this morning from my out-of-season’s clothing drawer. It’s time to wear a jacket.”


    “Your jacket looks good. How much did you pay for it?”


    “Haha. Actually none, sir. I bought this using the department store’s gift card that you gave to mest Thanksgiving Day.”


    “Is that right?”


    As soon as he arrived at his office in GH Building, Sinsa Town, Gun-Ho checked Dyeon Korea’s stock price first. The price was moving slightly up and down around 5,800 won.


    “5,800 won per share... The total number of Dyeon Korea’s stock issued so far is 26 million. That means its market capitalization is 105.8 billion won.”


    Gun-Ho turned off hisputer and sat on the sofa. He then enjoyed his morning coffee while sitting on the sofa. When it was after 10 am, Mr. Geun-Soo Son, who used to work for Gangnam Bank, came to Gun-Ho’s office. He was carrying some papers that were necessary for establishing a private equity fundpany.


    “Would you like to review the papers that I brought, sir?”


    There was Mr. Geun-Soo Son’s resume among the papers, and Gun-Ho closely looked at it. He used to work in a bank as a high-ranking officer, and he also worked at a stock brokerage firm before that. It was a uniquebination of work experience, Gun-Ho thought.


    “I won’t need to look at other papers. Please take those documents to the certified legal consultant’s office. They will need them to form thepany.”


    “Yes, sir.”


    “I will make a copy of your bank ount and keep it in this office, in case I need it when I send funds to you.”


    “Of course, sir.”


    Gun-Ho called for ounting Manager Hong.


    “Please make a copy of Mr. Son’s bank ount information and keep it in the file. We will probably need itter. Well, let’s make a copy of his certificate of resident registration as well. We might need it too. Don’t forget to include his resume.”


    “Yes, sir.”


    ounting Manager Hong took a copy of Mr. Geun-Soo Son’s bank ount and his certificate of resident registration before walking out of Gun-Ho’s office.


    Gun-Ho asked Mr. Son, “Is the name ‘Winners Investment Partners’ avable for us to use?”


    “There is apany using that name already. We won’t be able to register ourpany under that name, sir. So, I was thinking of ‘Win Win Investment Partners,’ but that name is taken already as well.”


    “Well... Then, please use the name—SH Investment Partners.”


    “Huh? SH Investment Partners, sir? What does SH stand for, sir?”


    “A middle-ageddy, who will be ourpany’s major investor, wille to visit this officeter today. Her name is Seung-Hee Park, so we will use her initials in our private equity fundpany’s name.”


    “Oh, so, thatdy will bring in entire investment funds to thepany, and you won’t make an investment in it, sir?”


    Gun-Ho didn’t reply to the question, but he just smiled. At that moment, it urred to Mr. Guen-Soo Son, what the branch manager in Gangnam told him earlier. Mr. Geun-Soo Son realized that he wasn’t supposed to ask Gun-Ho that sort of question. The branch manager told him,


    [You should be very careful in asking questions to big yers in investment. You should never ask them about the amount of investment funds, neither about the source of the funds. They usually don’t talk much, but that doesn’t mean that they don’t know things. They are always one or two steps ahead of everything,pared to ordinary people like us. Be careful not to make any mistakes in talking to them.


    What? Are you asking how wealthy and bold President Goo is, in terms of his investment funds? The fact that you are asking me that question shows that you are not listening to me. You shouldn’t try to know things like that. Try not to be curious. Just know that he is a huge yer in the investment field. That’s all you need to know.]