Chapter 391 – The Toilet
Sunlight.
It has been confirmed before that there are several problems.
“I thought there was a problem even then…”
“Are you very tall?”
“The mountain looks sick.”
Sora deserved to let out a sigh.
The beautifully rising mountain became a bare mountain.
Solar panels were installed in large numbers.
If you look up, a corner of your chest becomes choked up.
‘It would be great if it ended with just a monstrosity.’
2 years ago I passed that.
Because things in the world don’t always work rationally.
“It is a solar power generation industrial site that has a long-term contract with Korea Electric Power Corporation.”
“I really wanted to ask, but why are you doing that?”
“Hey, I’m doing whatever you ask me to do.”
But you have to think carefully.
This is a particularly sensitive area for investors.
‘If only KEPCO’s stock price fell, it would have little to do with it.’
Korean companies use a lot of electricity.
Semiconductors, steel, shipbuilding, and secondary batteries all pour electricity.
What if electricity rates go up?
It will be hit more than the rise in oil and raw material prices.
“But the KOSPI is rising right now, right?”
“Yes.”
“Then why…”
“Because no one knows.”
Such a fact.
It is something that economists who look at indicators and look at papers can notice.
‘Economists have their own excuses for not being able to rummage through stocks.’
In a way, that’s right.
The moment KEPCO raises rates, the performance of companies is destroyed!
The Korea Times− 「KEPCO’s ‘worst deficit’ is not enough… Renewable energy companies invested in ‘capital erosion’」
Fact News− 「Korea Railroad Corporation with accumulated debt of 20 trillion, will KTX fares rise next year?」
What if I don’t upload it?
You can pretend that nothing happened.
This is the situation not only for KEPCO but also for most public corporations.
“Electricity, heating, transportation… Isn’t it dangerous if they all go up?”
“If you reflect this, it wouldn’t be strange to take a KOSPI of 1500.”
“Why isn’t the market reacting?”
“Because I don’t know.”
This is the part that people feel the most.
The moment transportation, heating, and electricity bills rise, the wallet closes.
‘I’m glad it’s over like that.’
Consumption declines.
Stuff doesn’t sell
Since there is no fundamental solution, a vicious cycle can continue.
What if that fear is reflected in the market?
It is easy to associate the KOSPI and KOSDAQ with gyro drops.
“Isn’t that what the Ilpongs said could have collapsed?”
“If you evaluate the market only on financial statements, that’s how it will be.”
“…”
Korean public corporations bear all the original sins.
So investors can be happy.
‘It feels a bit like Jesus Christ.’
If the Japanese people knew Joseon a little better, they would not have made such a mistake.
“After all, there is a problem, right?”
“Yes.”
“Does it make sense to hide it like this…?”
“Not now.”
It’s a serious story.
Although public companies are less efficient than private companies due to their nature.
‘Things in the world are always relative.’
Compared to other countries, it is a nobleman.
Blood pressure rises when you see the speed at which foreign public officials handle their work.
Our civil servants are respectable.
Korean public corporations are also sound.
Daily News− 「’10 trillion surplus → 30 trillion deficit’ absurd KEPCO… Aftermath of nuclear phase-out and electricity bill freeze”
Was making a profit.
It is on a different level from other countries that are undergoing privatization due to chronic deficits.
“Excuse me.”
“Yeah? Ask me anything!”
“How does the unit cost of such a solar panel come out? Is there a loss?”
Oh, no way KEPCO!
Oh, no way Korea Railroad Corporation!
Trust built up over decades is not easily shaken.
‘Who would have imagined that KEPCO would be treated as a bankrupt company?’
It was a place that was said to be God’s workplace.
That’s what the market believes.
From a common sense point of view.
“It is formed around 200.83 won/1kWh. The unit price excluding RPS, which is a subsidy, seems to be 76.81 won/1kWh.”
“Are you saying that the difference will be supported by taxes?”
“Yes, RPS subsidies are coming.”
2/3 of the unit cost of power generation.
I didn’t know if I would push for new and renewable energy even while supporting it with taxes.
‘Of course, someone has to make up for it.’
That’s Korea Electric Power.
It buys new and renewable energy that is not even generating efficiency at a high price.
“Isn’t it ugly to destroy forests like that? I’m sure there will be opposition.”
“That’s because it makes money.”
“No matter how much money it is!”
“Because it makes so much money.”
Until there, it can be done.
Farmers do not suffer astronomical losses just by installing solar panels.
‘The problem is always.’
Dumb ones.
It is not a coincidence that among many places, solar panels were installed on mountains and fields that were in good shape.
─The real reason to build solar power on mountains
[Picture built by pushing the mountain and solar power.Jpg]
1. Pay off within 5 years with government subsidy
2. Even after that, the profit is always coming out
3. When the purpose project is completed, the land use is changed
4. Forest → Changes to hybrid land, and land price jumps 5 to 20 times
5. Bonus money guaranteed + future profits
└ Fucking hair is so good
└ Sasuke Republic of Fraud Class
└ Since forest land is the land with the most dung price, if it is changed to hybrid land, the price will not be inflated.
└ It’s so disgusting, everything is ruined
Great profitability is guaranteed.
As the subsidy increased due to the new and renewable energy development project, you and I also did it.
Wheein~
Hair loss has come to mountains and fields across the country.
The finances of Korea Electric Power Corporation (KEPCO), which supports it, also went from bad to worse in an instant.
“You’re telling viewers to buy stocks, in some world lines, it could be nothing more than agitation.”
“Ahhh…”
“I’m glad it turned out well in the end.”
The same goes for other public corporations.
Although there are differences in timing and degree, damage is accumulating everywhere.
———————————————+
『Korea Electric Power』
KRW 25,350 ▼ KRW 38,350 (-60.20%)
[Graph steadily dropping from the peak of 2016.Jpg]
+———————————————
———————————————+
『Korea Gas Corporation』
KRW 39,750 ▼ KRW 25,750 (-39.31%)
[Graph steadily dropping from the peak of 2018.Jpg]
+———————————————
———————————————+
“Industrial BAnk”
KRW 12,200 ▼ KRW 5,150 (−29.68%)
[Graph steadily dropping from the peak of 2018.Jpg]
+———————————————
It is gradually reflected in the stock price.
This is the reason why the index continues to trend downward regardless of rising or falling.
‘Public corporations alone bear the damage that corporations and the common people should suffer.’
Toilet lid.
If you cover it, it will only look like a neat and clean bathroom.
This is the current state of the Korean stock market.
“…”
It seems that Sora, who invested without knowing that, was shocked.
But that’s what stocks are all about.
“There is no free lunch.” – Milton Friedman
An economist might tell you a trite story.
It does not necessarily apply in the stock market.
‘Especially the recent market.’
Political logic often takes precedence.
Not only Korea, but also the United States, Europe, and Japan are commonly applicable.
It’s a little ball that Trump shot up.
Even if politicians do nonsense, they are forgiven if the approval rating is high.
“You know that this has no business at all, right?”
“Yeah, what…”
“It’s just a matter of forgetting taxes.”
“Still, there are aspects that are helpful to farmers… I don’t like the idea of spreading the word to people from outside the country.”
The burden is to be borne by future generations.
There’s obviously no free lunch, but whoever goes hungry can make a difference.
‘The taxes are leaking.’
This is the current state of Korea.
There are many things that are lacking in many ways to cry for economic recovery.
Squeak-!
Take a tour with the staff.
At the end, he also joins the criticism to see if the sage time has come.
“Director!”
“Ok?”
“I’ve been to the site. I see that there are too many power generation complexes that have been registered ignoring formal procedures…”
It is recorded as a loss of KEPCO.
If you are an employee, it is a factor that you have no choice but to pay attention to.
“Ah, done.”
“Yes?”
“Don’t do anything stupid, I have to go eat.”
“Um, you’re talking about dinner…”
“Bring your law card.”
There are bound to be people who don’t.
For old employees, their own rice bowl is more important.
‘Would you like to break that iron rice bowl?’
I work for no reason, and I only have a lot of work for myself.
May be responsible
I don’t understand that.
Sora feels doubt and anger.
“Why are you doing that when you say there’s no work? You treat the staff like servants.”
“Have you ever been in the military?”
“Have you been there?”
I just lived life comfortably.
The only hardships in life are carrying the chest.
‘Eh, this is why the Celestial Dragons.’
Army.
It is a place where Korean men are forced to go, even those with disabilities.
One peculiar phenomenon is observed.
Where barracks absurdity takes place.
“Do you think military life would be difficult, or would it be less difficult?”
“Isn’t that the hard side? When it’s hard, I get annoyed a lot.”
“Ehh.”
In a difficult place, there is no strength to be annoyed.
If you only do what you do well, you won’t touch it.
Where is not difficult?
It is noticeable that the military life was easy for them.
‘Therefore.’
Various absurdities.
Create and manage successors.
The same is true for public corporations in a big way.
“Oops…, I don’t have one.”
“There are people like that.”
“Am I a person needed by society?”
“Some might call it an evil.”
They want to enjoy what they enjoy.
Even when using public restrooms.
‘If it’s clogged up after wrapping it generously, I cover it and leave.’
That fact is still unknown.
Even in the stock market, it does not shine lightly.
That’s important.
What investors should look at is not the cleanliness and hygiene of toilets.
“Then what should I look for…?”
It seems Sora’s sage time has arrived.
I didn’t hit my daughter, so my energy went down.
‘Did it go away after being modified?’
From a value investor’s point of view, it makes sense.
The economy is still unstable.
Still, the stock market is rising.
You don’t have to struggle to understand it.
“Don’t think arrogantly.”
“Are you arrogant?”
“An investor’s job isn’t to judge right from wrong. It’s just betting on what the market will see.”
This is common sense that investors in Korea should have.
