Chapter 73 -Hit a Jackpot with Four Major Rivers Project (1) – PART 2
Once the realtor finished his sales pitch, a lady asked a question.
“How much is it per pyung?”
“It’s 1 million won per pyung. That’s the price if you buy now. After a few days, the price will go up.”
“You said it is a farmland. It’s very expensive for a farmland.”
“Look at the area. The way the land is used can be changed. Do you know what would happen once this land is reclassified? I don’t think you know.”
“What would happen?”
The ladies swallowed their saliva.
“Since it is a riverside area, you can build a motel or a beautiful café. You can rent it out and let it generate income for your retirement.”
The three women blinked their eyes. It seemed like they were picturing a cozy café or a motel on the land inside their heads.
Ordinary people seemed to be very interested in the riverside land.
The realtor’s office was busy answering phone calls.
“Whether there is a land on the market? Not yet. There is one but someone is talking with our realtor about the land right now.”
“A land on the market? Why don’t you come and consult our realtor? I am with a client right now and I gotta go.”
The ladies were discussing about the land.
“Did you see all the phone calls we are receiving right now? The land that’s available today might not be available tomorrow.”
“I am a resident of Seoul. Is it possible for me to buy a farmland here? I was told that in order to buy a farmland, I have to submit some kind of plan for the use of the land.”
“Do you think MB will be elected? If so, will he do the Four Major Rivers Project? If so, who would benefit the most from the project?”
Gun-Ho walked around again in his room with his arms crossed.
“The first beneficiary must be the landowners around the river, and… Oh, my gosh!”
An idea flashed across Gun-Ho’s mind. A light bulb went on over his head.
“That’s it! It’s dredging construction!”
Gun-Ho went over on what Chairman Lee said about Major Rivers Project once again.
‘Do you think MB will be elected?’
“He will likely be elected. The economy was not doing well right now, so the electorate was leaning toward MB who used to be a CEO of a big company. Their hopes were high. Additionally, his opponent—Dong-Young Jeong—was not very popular.”
‘If so, will he deliver on the Four Major Rivers Project promise?’
“He will certainly do it. He had a good experience with his previous renewal project with Cheonggyecheon. It was a success, so he will definitely do it again without hesitation.”
‘If so, who would benefit the most from the project?’
“It will be the landowner around the four rivers, and the people who will participate in the project—the construction companies. He wouldn’t select Hyundai Construction for the project though because he once worked there so the public will suspect the connection between the two. I should put aside those big construction companies. Mid-sized construction companies will be selected. Which one of those has experience with dredging construction or industrial plant construction?”
He narrowed down the list of construction companies that would be possibly selected to participate in the Four Major Rivers Project to those mid-size companies with experience of dredging or industrial plant construction. Gun-Ho started searching on the Internet.
“Investing in real estate is a good option for me, but investing in stocks related to the project is good as well. The people who have money make more money. I have more than 1.1 billion won. I don’t want my money tied up in a real estate. Stocks can be easily liquidated, so investing in stocks is a better option for me. If I use my 1.1 billion won in investing in stocks, I can easily recover the loss incurred by my earlier QM Steel stock investment.”
Gun-Ho started searching on the Internet enthusiastically.
“I have to find the construction companies who will likely participate in the Four Major Rivers Project!”
He was already late.
Two strong KOSDAQ registered candidates—EE-HWA Construction and Samok-Jeong Company—became popular already among little investors. (Sammok-Jeong Company is now Sammok S-Form)
EE-HWA Construction was an industrial plant construction company, and Sammok-Jeong Company manufactured construction molding.
“Sh*t, these people are so quick. EE-HWA Construction and Sammok-Jeong Company were not this popular before.”
Gun-Ho observed the trading volume of those two companies’ stocks and verified whether foreigners and institutional investors purchased their stocks.
“The trading volume has been increasing, and their stock prices are above the 20-day moving average! Should I get in now? There is still time until the presidential election.”
Gun-Ho sighed and mumbled while closing his eyes. He then looked into a blank space. He could only think of EE-HWA Construction and Samok-Jeong Company right now. He didn’t even hear the delivery man who was ringing the doorbell of his office-tel.