Chapter 494 – ETFs
Korea Investment & Securities.
It is a prestigious securities company with 30 years of history.
‘How much I suffered.’
This is not an easy task.
Countless big and small events occurred.
In particular, the IMF period was huge.
Many financial institutions were forced to go bankrupt.
Korea Newspaper− 「Delisting of 5 exiting banks including Gyeonggi Bank」
Fact News−「Chosun and Seodong Securities went bankrupt… “Signs of dominoes in the securities industry”
Daily News− 「What if the securities company I was dealing with goes bankrupt? What about my money?”
Of course, the company was also in crisis.
I don’t know how difficult it was to get financing.
Just thinking about that time gives me goosebumps down my spine.
It was a day of bending my back every day.
‘Because I had a hard time back then.’
There may be a current Koryo Investment & Securities.
Executive Director Joong-kwon Oh has great pride.
“Hello, Mr. Oh Jeon-mu.”
‘Uh, okay.”
“Good morning, Managing Director.”
“Uh.”
Employees going to work.
Those green sprouts are growing from the soil that one has cultivated.
‘You guys should be grateful to me until you die.’
One of the founding members of Korea Investment & Securities.
It is safe to say that we have shared the history of the company.
In other words, it is a company he has grown.
This is common sense that any employee of this company should have.
“Oh Jeonmu!”
“Uh.”
“Does Shinsu look very clear? Is something good happening?”
“When did I go around with a frown on my face?”
It was twisted.
This is because there was one person in the company who was like a thorn in their eyes.
‘Keuhum, did it show a little bit?’
I feel like the old weight has gone down.
There was an incident at Korea Investment & Securities not long ago.
Managing Director Seunghyeon Yoon.
He, one of the key directors, was omitted from those eligible for contract renewal.
‘You speak with spit on your mouth.’
Considering his performance and standing, it is impossible.
I am not someone who will ever be pushed out.
External factors played a role.
It is an open secret even among employees.
“It seems like the company is finally running normally. It didn’t make sense that Mr. Oh Oh-mu was being neglected all this time.”
“Hmm, I’m the type of person who doesn’t shy away from doing difficult things for our company.”
It is natural among executives.
Han Yeon-ho, who is taking an executive course, knows.
—————————–±
『Koryo Investment & Securities’ 3 major factions』
Traditional faction – The largest faction centered around Executive Director Oh Jung-kwon. ⅓ of all executives and employees belong directly or indirectly
Performance group- Centered by Executive Director Seung-Hyun Yoon. A relationship based solely on performance
Tea Party− Having a tea party
±——————————————–
It’s not that rare.
No, it’s office politics that exists in most companies.
‘I think the traditional faction will sweep this year’s promotion review.’
Managing Director Seunghyun Yoon was the leader of the performance group.
I didn’t organize it because I wanted to.
Employees who admire him.
It is reasonable to say that he formed the SS on his own.
“Tradition is a school of performance, but… Where can there be a tradition that was created without performance in the first place?”
“Well, there was a story like that.”
“It’s like building a house without beams. It’s been really frustrating.”
There is also a practical reason.
Workaholics are weak in areas other than work.
Has a weakness in the promotion battle.
We go up by pushing and pulling each other.
‘So it was almost like a solo performance for the performance group.’
I’m good at my job.
Performance supports it.
There can be no disagreement about promotion.
Therefore, there are problems that arise.
Voices of jealousy are coming from other factions.
“I am thrilled to think that a new company, Koryo Investment & Securities, will be born with our respected Executive Director at the center.”
“Um… Do you have time after work?”
“You know! If the managing director calls me, I have to go even if he’s not there.”
“It’s nothing special, I have some space for a company dinner.”
“Ah~ Dinner party! Thank you!”
There was a sharp conflict.
It is a matter of interest.
The ending was vain.
‘Corporate life isn’t just about having skills. I also want to take this opportunity to show off to Mr. Oh…’
Managing Director Seunghyeon Yoon.
The leader of the performance-oriented group was embroiled in controversy.
The relationship with profit and loss balance is suspected.
《They said their daughter came to visit with Prop Ik-jwa…》
I am no longer a super ant who made money.
It is a thorn in the side of securities companies.
Is it intertwined with such profit and loss account?
There was no choice but to overflow with excuses to attack.
“Then take a look, Director!”
“Well, I’ll see you later.”
Other securities companies have also put pressure on us.
It was just taken from the entire Yeouido.
Sanctification both outside and inside.
They persistently dug in and succeeded in pushing it out.
It will be difficult to return to the industry now.’
Executive Director Oh Jung-kwon smiles with satisfaction.
Other factions were watching.
One by one, they bow their heads.
It has become the top of Korea Investment & Securities in name and reality.
Now is the time to harvest sweet fruits.
Again!
Director of a securities company.
It is not easy to maintain.
Especially as the head of a faction.
Performance is needed.
It collects money from those below it and redistributes it to those who listen well.
“Are you doing well?”
“Ah… Of course.”
“What’s going on? The managing director came all the way here.”
We visit the department under Managing Director Seung-Hyeon Yoon.
The employees look at me with shocked expressions.
‘These kids still think Sangmoo Yoon is around.’
It is said that it is producing results.
It’s ironic.
Because it was started to put pressure on him.
“No…, How long are you going to get special treatment for being on Wall Street? Isn’t it time for Sangmoo Yoon to do the same as other directors?》
At least run a fund.
Produce visible results.
He sniped at a board meeting.
I have been in charge of connections with foreign securities companies.
I judged that my practical sense was lacking.
“As you all know, there was a slight personnel change this time, right?”
“Yes…”
“I heard it roughly.”
What is this?
It was ridiculously successful.
The retiree fund hit the jackpot.
It has become even more famous due to the coronavirus outbreak.
Unlike other funds that failed, it maintained stable returns.
‘Even if you fly and crawl like that.’
That horror field.
It is the only place where you can keep your money.
It is natural that customers flocked in.
Managing Director Seung-Hyun Yoon’s position was solidified.
The performance of that profitable department.
“Executive Director Bon will be in charge of this from today. Oh, the only thing is that I am the final person in charge, and I will usually consult with Directors Park Ga-young and Son Chi-won.”
It is entirely yours.
Company life is not all about skills.
Being good at social life is also important.
‘If you line up well, they can give you something like this.’
Distribute to your faction.
Giving a dog after making oatmeal is referring to the current situation.
“Uh… Then.”
“Hey, Managing Director. As far as I know, you two have very different responsibilities than us. I am concerned about your level of understanding of the work.”
No one can even make a noise.
It seems like there is some dissatisfaction.
‘These bastards are so anxious to get their hair cut off.’
It can be put to sleep.
It has the power to do so.
Do not allow opposing opinions to be presented.
It’s your own world.
I can’t help but feel relieved that the tooth I was suffering from has fallen out.
“Uh huh, are you doubting the skills of the directors now?”
“It is necessary due to the nature of the job.”
“Because we are an active fund, even the slightest mistake in management can lead to huge losses.”
“I don’t know if work can continue properly without respect for superiors…”
“”No, that’s not what I meant!!””
Performance group.
Employees who followed Managing Director Seunghyun Yoon still don’t know that the world has changed.
‘I tried to have some discipline, but they ended up giving me this number of cases.’
If you transfer him to some wallpaper and run around with him, he will come to his senses.
Provide ideological education.
Let them learn about social life.
I tried to treat you like a faithful slave.
“Oh Jeonmu!”
“Oh, Director Son. I was already going to call Director Park.”
“Director… Sangmoo Yoon, that bastard of Sangmoo Yoon really betrayed me.”
“Huh?”
It was like stepping into the middle of a battlefield.
* * *
Fund.
It is an indirect investment product that manages funds collected from investors and returns the results.
‘If you develop a good product, you can make quite a profit.’
It’s like giving money instead.
It is natural to receive compensation for your efforts.
The larger the fund, the larger the amount.
What if it gets even bigger than that?
“ETF?”
“Yes, I think the time has come for our securities company to be dealt with as well.”
“No, that might not be easy.”
In some cases, it is even listed.
Actually, it’s not that unusual.
‘There are already a lot.’
Gobbus and leverage that general investors buy and sell are also funds.
It is proportional to the exponent.
There is one difference.
We plan to operate it actively rather than passively.
“ETFs have limitations in operation if there are not many buyers. It is different from funds that can be managed directly.”
Sora’s father.
I suffered an unwanted retirement.
I picked it up right away when I became unemployed.
‘Even if it’s not specifically because of Sora.’
I’m not so moody as to give you a parachute just because you enjoyed the meal.
This is especially true for larger projects.
I already wanted it.
This refers to talented individuals with outstanding skills and know-how to manage ETFs.
“I am fully aware.”
“Starting with a fund…”
“Then it’s no fun.”
He was already operating it well.
Covered call funds vary greatly depending on who manages them.
‘Even if you use the same configuration, the profit will be drastically different.’
A certain securities company.
Some representative.
The wiser the investor, the more careful he is.
Those two things have been proven.
No, investors accept it that way.
“Everyone already knows. Many of our existing customers will come in.”
“It would be nice if that happened, but…”
The issue is sufficient.
Skills are also guaranteed.
I am confident that I will make a profit.
Nevertheless, there is reason for concern.
This is because it requires a much larger scale than the fund.
“Even if you just make one assumption and get over everything, it’s not enough. I have a feeling you’re taking things too easily.”
“All we have to do is make it a bigger hit.”
“It won’t be that easy…”
“We have PR staff with natural talent.”
This is an influencer raised for that purpose.
