Chapter 498 – ETFs
The success of dividend ETFs.
It was a big blow to Korea Investment & Securities.
“I know it’s an ambitious project. Well, do you have an excuse?”
The atmosphere of the meeting is different from usual.
A number of representatives are attending.
Transaction volume was lukewarm than expected.
Promotional costs, operating costs, etc. Involved in the project.
‘I wonder if there is…’
‘I didn’t know it would fail.’
‘Are the workers not willing to work?’
The board members wiggle their fingers with nervous expressions.
It is impossible not to be responsible.
Sparks are bound to fly.
The target is determined.
These are the people who were in charge of the ETF.
“Representative.”
“Huh?”
“There is a feeling that Directors Park Ga-young and Son Chi-won have not achieved any results, but their passion should not be ignored, right?”
Who is responsible?
There is no board member who does not know.
That doesn’t mean that the arrow goes back to Executive Director Oh Jung-kwon.
Gulp!
Immediately enter the room.
Cut off the tail.
The blame is placed entirely on the two directors who were put in charge.
Even the representative wouldn’t know if he properly assessed the situation.
Everyone here knows that it can’t be like that.
“Hmm… Well, it’s worth it.”
The CEO of a securities company comes to mind as a successful entrepreneur who deserves respect.
In reality, that is not the case.
I have no idea.
Success.
That sweet fruit does not necessarily come only to the talented.
“How about giving these guys another chance?”
“”Uh… ?””
“Even if you serve as Baekuijonggun, you will be prepared to serve with sincerity.”
“”…””
No, his talent may have bloomed brilliantly at one time.
The passage of several decades is enough time for it to fade.
Comments from Executive Director Oh Jung-kwon.
There is no way to know that this is a de facto demotion.
They say they will pass on all responsibility and even take responsibility for it.
“The position of managing director at our partner company was vacant.”
“The two directors will carry out their duties without disappointing the CEO, right?”
“Yes, yes!”
“Of course…”
I have no choice but to accept it.
Balance between factions.
It’s been a long time since it completely collapsed.
The traditional faction took control.
No one can disagree with Oh Jung-kwon’s words.
‘Even if they struggled a little.’
Lost in the dividend ETF competition.
Considerable damage is expected to the company.
Anyway, new feet are bleeding.
Korea Investment & Securities is not a small securities company.
I am willing to accept at least a little loss.
It’s just one project that failed.
“The situation between Director Park and Director Son has become unfortunate.”
“The managing director trusted me so much, but you let me down.”
“Hehe. That could be possible.”
There is no way the company will be shaken.
This is also the position of Executive Director Oh Jung-kwon.
It is clear who should be seen well.
‘It’s my world.’
Managing Director Seunghyun Yoon’s counterattack.
It is true that it is somewhat annoying.
But it doesn’t change in the grand scheme of things.
CW Securities is a small securities company.
There is no way that five or six small victories can close this gap.
Again!
Rather, it becomes a good example.
It becomes clear who holds real power in this company.
“Director Park and Director Son were all cut off.”
“That was what Oh Jeon-moo instructed, right?”
“No, well… You know.”
Company work.
Just because you work hard and do your best does not mean you will receive high praise from personnel management.
You have to get on the line.
The one at the top after Assistant Manager Kim, Manager Park, and Director Choi.
‘A bald old man with a lot of greed.’
Employees of Korea Investment & Securities also know.
The current state of the company.
Office politics runs rampant.
It is a world where treacherous people are treated more than competent people.
Thump, thud!
Even if you find out, it is meaningless.
It is not the Joseon Dynasty.
I don’t live with a cause.
“From now on, I just have to work like I’m dead.”
“I wonder if the work will be worthwhile.”
“I don’t feel like working.”
“Ugh.”
I just feel a little dissatisfied.
And the motivation to work decreases.
‘Well, what can I do?’
I am an office worker.
My perspective on the world is different from when I was a student.
You realize this when you live in society.
How weak and small you are.
Thump, thud!
There is no choice but to roll with one of the cogs.
Only then can you receive a salary.
“Should I ride the line too?”
“It’s late.”
“Having company dinners, following along without a trace… I couldn’t do that.”
Skepticism is inevitable.
There are employees who are much more efficient at work.
‘Some people work like dogs.’
Some people go to company dinners and have fun, and some people smoke and have fun again.
However, it is reflected more favorably in personnel evaluations.
In other words, your CSAT score is determined by how popular you are.
It’s so absurd that I laugh.
“I liked it when Executive Director Seunghyun Yoon was around.”
“Yes.”
“How about moving to CW Securities?”
“You have to call that too to get there.”
“It’s small there…”
Performance group.
It is classified as such within the company.
I have never felt like I was involved in office politics.
Reward yourself for doing well.
The only higher-ranking person who did it most actively was Managing Director Yoon Seung-hyun.
KakaoTalk!
The obvious principle does not work.
As complaints were piling up, a message arrived.
〔Industry Senior〕
“Are you interested in working with Managing Director Seunghyun Yoon?”
“This time, we have expanded a new department… 」
The floor of Yeouido is narrow.
Once you cross a few bridges, you all know each other.
As a result, there is a phenomenon that occurs.
‘Huh?’
The ratio of private recruitment is higher than that of open recruitment.
In particular, experienced workers mostly end up with the latter.
−Is there room there?
“Originally there was no space”
“But you’re doing really well these days, aren’t you?”
The story spreads among them.
Scout from CW Securities.
If it had been just a short time ago, I would have thought, well, let’s come.
Gulp!
The recent growth rate is at a scary level.
We can no longer think of it as a new securities company.
‘I definitely have a vision.’
A securities company with profit and loss balance?
From the perspective of ordinary investors, expectations may be ahead of expectations.
It’s different from the office worker’s perspective.
Stability also plays a large role in choice.
−But Sangmoo Yoon is still working at CW?
“I guess so.”
−Then, I will also apply.
Especially investment.
It is not uncommon in the industry for high-risk trades to go wrong.
There is no law preventing famous investors from becoming like that.
You can become unemployed overnight.
‘Managing Director Seunghyun Yoon is here, so anything will work out.’
It gives you confidence that a senior person in the industry is working.
Company politics also suffers.
The opposite has been shown.
The presence of Managing Director Seung-Hyeon Yoon was enough to be a reason for a job change.
* * *
It is a market that can never be small.
‘Actually, it’s huge.’
Some say.
U.S. Stocks are rising endlessly, but the upside for Korean stocks is blocked.
“… Therefore, it is likely that KOSPI will break through the previous high point of 2017.”
Appear on broadcast.
Even excluding me, there are bullish advocates who say that stocks are rising.
‘KOSPI will rise.’
That is not wrong.
The enormous liquidity released in the market makes it possible.
“So you think we should buy it?”
“KOSPI is still undervalued. Compared to the rise of Nasdaq, it hasn’t even started.”
Whatever the process, the stock price deserves to rise.
But that means I agree.
−ㄹㅇ Underrated
−Korean stocks almost always have low PER…
−We haven’t even started yet.
−Full purchase!
−I’m pounding my balls with the professor’s logic
−Well, compared to NASDAQ
If I go to −25 million, I will have no wish
−What is PER?
It’s bound to be a slightly different story.
The economist ahead of us has finished his turn.
I am given the right to speak.
The first words start off somewhat boring.
“I see it a little differently.”
“No way, it will fall…”
“It’s not like that.”
−Bombshell statement ㄲㅂ
−I almost sold it all out
−If the profit and loss position is to sell, you should sell it haha
−Phew, I thought I was watching it in 3D
The reason why the Korean stock market cannot trend upward.
That should not be considered undervalued.
‘Because it’s uneven.’
The United States doesn’t always turn upward.
In fact, historically, it was like that.
20 years ago, the leader was General Electric.
10 years ago, the leader was ExxonMobil.
And now.
“Korea’s KOSPI and KOSDAQ are selected almost solely based on market capitalization, so there is a sense that the growth potential of companies is being underestimated.”
“Is that so?”
It’s Apple.
The saying that strengths and weaknesses change after 10 years also applies to the stock market.
‘But I wish I had the same ratio as back as.’
The U.S. Stock market could never have swelled as much as it does now.
Because there is one difference.
Daily News− 「Incorporation into the S&P 500 index, turns out it is at S&P’s discretion?」
Choose a company.
S&P, a credit rating agency, changes its constituents and proportions from time to time.
That’s why it tilts upward.
If there is such a thing in Korea.
“I agree that KOSPI will rise.”
“Oh…”
“But in the future, the time has come to distinguish between companies that will rise and those that will not.”
−Does this mean I have to choose and buy it?
−So, everything has gone up so far?
−But how can I know that?
−Oh, if you ask me to buy the CW fund haha
A country called Korea.
Investment attractiveness can be increased.
Depending on the company, it may be worth the investment.
‘If there is an index that serves as the standard.’
It can exert tremendous influence on the market.
It could be the starting point.
“We plan to list several ETFs by selecting companies that are likely to rise upward among all companies listed not only on KOSPI but also on the Korea Stock Exchange.”
“Can we think of it as the Korean version of Dow Jones and S&P 500?”
“That’s the way it is.”
“Oh!”
I become the standard for Korea.