Chapter 390 – The Toilet
Korea Electric Power.
It is the most important public corporation in Korea, and there is no disagreement.
‘Even in the stock market.’
It was on the 2nd place.
It was still in place until 2016.
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『Korea Electric Power』
KRW 25,350 ▼ KRW 38,350 (-60.20%)
[Graph steadily dropping from the peak of 2016.Jpg]
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It was the No. 1 company long before that, 20 years ago.
At one time, the name was high as ‘national stock’.
“Isn’t selling electricity a business that can’t fail?”
“Yes.”
“Even if inflation is constantly reflected, it will go upwards like Coca-Cola.”
“Iknow, right?”
Absolutely go up!
It pays a 6% dividend each, which makes it attractive from a value investment perspective.
‘It’s not even without growth potential.’
Among its subsidiaries, there is a nuclear power company.
Even if you can’t eat 100% because it’s a holding company, you can’t ignore it.
“It’s just a place for kids like you to buy. It’s good financially and growth potential, so why don’t you buy it?”
“Woo.”
“No?”
“If I had started investing in stocks at that time… I don’t think I would have bought it.”
“Look.”
It is not called the national stock for nothing.
I think you’ll make money if you really cheat.
‘Vision window.’
At the high point, I was beaten −60%.
It has not been able to rebound even in the recent bull market.
There is, of course, a reason for that.
I look around while waiting for the person in charge.
Boom boom!
Korea Electric Power Corporation.
There’s nothing like insider information to know how things are going.
“Isn’t this a cafe?”
“That’s right.”
“Why are you here?”
“Because there is no place for honest discussion like here.”
Method that is actually used.
There is a company you want to know!
Go to a nearby restaurant or cafe.
‘Because I hear the stories of the employees.’
Employees’ facial expressions, composure, spending, etc.
If you look at the statistics, you get quite meaningful information.
“What are you going to buy when you get paid?”
“Well…”
“The new arrivals came out this time!”
“Do you have anywhere else to go besides Japan?
“How about Taiwan?”
“I’m tired of going there too much.”
MZ one staff is sitting.
Even a cake that looks delicious is ordered and eaten luxuriously.
‘Looks like you can afford it financially.’
It’s not that the salary is high.
Spending is determined by the psychology of expectation.
What if you think it will be difficult to eat and live in the future?
It’s not like you don’t open your wallet right now.
“There is something similar in economic theory…”
“It’s not similar, it’s applied as it is.”
“Oh.”
Figure it out in this way.
If you go near a successful company, the commercial district is also lively.
‘For something like that.’
A busy invisible eye.
Even during business hours, the inside of the cafe is quite crowded.
“Oh, I really don’t have anything on the agenda.”
“Is the safety meeting held?”
“I used it a long time ago.”
“You just have to make it plausible. Managers don’t even check it anyway.”
“It’s a way to show you~.”
“It hits the target because you have to do it every day.”
Also the content of the story.
It seems like a mess to see that you are working hard.
“What are you talking about? It sounds like work, but…”
“You’re thinking about how to pass the time at work.”
“Yes?”
It’s understandable that Sora was bewildered.
I am not used to conversations with office workers.
‘You have no idea how the real world works.’
Public corporation.
It is different from fraudulent business.
You have to go in with that background knowledge.
Wow~
Just got a call
The person in charge who was supposed to meet arrived after finishing his ‘work’.
“Sorry for being late. It was so unavoidable…”
A very sorry look.
A man who appears to be in his early 30s is drenched in sweat.
It seems to have jumped with power.
At least I feel that I didn’t come here to play.
“I heard you said you were late because of the food manager.”
“Oh, did you even talk about that? The successor who was originally in charge took a vacation today for personal reasons, so I had to do it.”
Still don’t understand
Sora has no idea what she is talking about.
‘What the hell is a person in charge of cooking?’
Kids these days don’t know.
It’s like the MZ generation who lives in infinite competition.
“You don’t even know what a rice cook is?”
“I don’t know, so I’ll ask.”
“It’s too rare for older bosses to eat alone, so one employee eats with them.”
“?”
How to live life at ease.
How much power can you wield privately?
‘I don’t know how to suck the honey of life.’
Treat subordinates like servants.
I buy the food I want to eat for business promotion expenses.
“Why are you doing that?”
“It’s because they get angry and don’t pay for the documents, or they catch the pod and reject it.”
“Why are you hiring people like that?”
“You’re really immature.”
“$^#$%@$#%!”
This is a common occurrence in public corporations.
This is not even the tip of the iceberg.
‘If it was a private company, I would have had time to talk to the wall.’
Can’t cut
It is the so-called iron rice bowl.
These are the harmful effects of a rigid labor market.
“It’s embarrassing, but there is such a company culture. It’s better to talk a little…”
The sweat that was pouring out anyway.
This time, the shame causes more shedding.
They know it’s weird too.
But it cannot be changed.
‘Would you like to change from the position of the head of the head?’
How good is it if you keep it like this.
No, they openly create a line to eat.
“Therefore, KEPCO plans to maintain the current rate in the future. We plan to expand the global trend of renewable energy conversion…”
And policy.
Nuclear power generation is causing enormous financial damage.
‘It’s a part that can’t be helped.’
Every country in the world cares.
It’s hard to ignore Korea.
Above all, it is government policy.
Listen to the story that was roughly expected and move on.
Squeak-!
Also in other branches.
The biggest feature of KEPCO is that it has many branches.
“A branch?”
“Yes, because electricity is used throughout the country.”
“You mean you have offices all over the country?”
“So the real estate assets are also substantial.”
“Oh~.”
Arrive by taxi
Boseong branch.
It is a branch of KEPCO to manage Boseong-gun.
‘Each region has one like this.’
Taken together, it is recognized for its astronomical value.
The PBR is only 0.29x.
What if Korea’s electricity fails?
Rather, the investor gets back more than three times the return.
In theory, yes.
In addition, it earns 3 trillion won in operating profit every year.
“Exploration? Annoy me.”
The fact that such a blue-chip company has become a zombie company is the result of a tangled complex of problems.
Greet coldly.
Boseong branch manager.
It seems that he openly dislikes responding even though he has clearly contacted him.
‘Obviously.’
It’s more shit than head office.
There is no way the staff are doing their job properly.
“I know that the new and renewable energy business is being promoted, but I want to visit the actual site.”
“Do you know what to draw for?”
“Ah, I’m an investor…”
The branch manager is not familiar with the contents of the job.
Or you don’t want to tell me.
‘It’s been a while since I’ve had a snack.’
It’s always the case when you’re exploring.
Still, since it is a public company, it is forced to do so.
“Minshik!”
“Yes, did you call me, Governor?”
“Minshik-ah, I need to do some work.”
Someone else.
He takes care of his subordinates and leaves leisurely with his hands behind his back.
It’s a better flow than expected.
At least you can get guidance.
“We’re sorry that this happened because of us.”
“No. I’m still free.”
Ride in the employee’s car.
Being a local, I knew the road well.
You can easily reach your destination.
It’s a good thing for us.
“Are you free?”
“Ah, yes… Hehe.”
“What do you usually do?”
“It’s not that I don’t have any work… But it’s because there are a lot of people.”
“A person?”
As an employee, it should be annoying.
Surprisingly, it doesn’t seem like that.
His explanation.
When Sora asks, he gets excited and confides in Hellele.
“Recently, there have been a lot of new hires.
“Isn’t there still work to be done?”
‘Yes, I have to. Our ends…”
Really no work
So make it
As I overheard at the cafe.
‘I’m going to make something that doesn’t exist.’
Something like that.
Work on a project that you can pretend to be working on.
It is the newcomers who make it.
That’s why it’s called a show.
“Anyway, the amount of work is not going to be limited.”
“I guess so.”
“Common sense, does that make sense?”
“Why do you want to understand a company with common sense?”
The employment situation improves!
MZ generation employment is so good!
It’s not that I made up a story that didn’t exist.
‘However, the number of companies that the government can increase employment in is limited.’
Only the number of people employed by public enterprises has risen disproportionately.
There is talk of hiring the elderly, but there is definitely employment of the youth.
The Korea Times− 「The government increased the number of public institutions by 27 and increased the number of employees by 114,298」
Fact News− KORAIL and KEPCO fell into a “Deficit swamp”… 1/3 of the employees are currently employed by the government”
Is that a good phenomenon?
It depends on your point of view.
It may be part of youth welfare policy.
“It’s just bad!”
“Uh huh! Do you dare to criticize the president’s policies?”
“If you say that… Other people won’t like it. Don’t do that.”
Actually.
It is not a parable or a sarcastic.
That’s good news, at least in the stock market.
‘You mean the toilet lid.’
Traveling by car
It arrived before I knew it while we were talking.
Boseong is famous for green tea.
The green fields here and there stimulate the senses.
The opposite is also seen.
It is a landscape that only feels alien.
“You’re talking about this right?”
“You came right.”
“There are a lot these days. There are dozens of other places besides here.”
“Yes. It has increased more than two years ago.”
“Yes?
It is an eco-friendly solar theme park.
