After the Divorce, I Found a Thousand Bitcoins - Chapter 25

—————
This chapter was translated by Lunox Team. To support us and help keep this series going, visit our website: LunoxScans.com
—————

I Got Divorced and Found a Thousand Bitcoins Episode 025

Lee Woo-hyeon returned to City Hall and reviewed the materials.

‘Even after re-examination, there’s nothing strange about the dates. When they were making their moves, only internal discussions about the theme park were taking place.’

They hadn’t even reported to their superiors.

The first report to superiors was made only after KH Recovery had already acquired JS Construction.

‘It’s as if they’re moving after seeing the future.’

That meant they were incredibly lucky.

After all, actually moving after seeing the future wouldn’t be illegal.

It wasn’t something he needed to worry about either.

‘But I wonder if the city council members will actually approve these conditions?’

The final decision-maker was the mayor.

But if the city council put on the brakes, final approval wouldn’t come through.

That’s what the city council was there for.

‘Sigh… It would be troublesome if work increases because of unnecessary stubbornness.’

Being a civil servant to his bones, he worried about increasing workload as he wrote his report.

* * *

Kang Myeong-gu’s recruitment proceeded quickly.

“So you want me to come in as CEO and restore the company that Oh Jeong-seok bastard messed up back to normal. Is that what you’re saying?”

“Yes. The compensation will be at the industry’s highest level…”

“Handle that stuff as you see fit! I’ll definitely do it! No, please let me do it. It was painful watching Oh Jeong-seok, that immature brat, mess up the company I devoted my youth to! I absolutely have to do this.”

He must have had a lot of pent-up feelings.

To say okay without even listening to the conditions.

With Kang Myeong-gu installed as the construction company’s CEO, Kang Hyeon, who had been serving as interim CEO, stepped down.

Of course, since he held 66 percent of JS Construction’s shares, the actual control structure wouldn’t change.

* * *

[JS Global Construction has begun anew under the name KH Construction.

CEO Kang Myeong-gu, who took office as the new representative, expressed his ambition in an interview with this publication, saying “I will make KH Construction the best construction company.”]

JS Construction, which had been a mid-sized construction company, began to stretch its wings again as KH Construction.

At the center of it all was Kang Myeong-gu.

Beyond being a veteran, having devoted his entire life to the construction industry, he quickly began normalizing the company.

“I’m glad to be back!”

“Boss, I came back trusting only in you.”

“Of course I know! Let’s restore our former glory together!”

Kang Myeong-gu mobilized all his connections to gather personnel for the company.

While Kang Hyeon was receiving reports on this situation, a pleasant news article appeared.

[The Incheon Police Station’s Special Investigation Unit announced they are investigating 42 members of a jeonse fraud ring that was operating in Incheon City.

According to what has been revealed so far, this ring purchased land on Yeongjong Island after hearing news that it would be developed into a theme park, but when the theme park was cancelled, they planned jeonse fraud to recover their investment.

Meanwhile, this case is drawing attention as it was discovered during the process of another company acquiring the company that had planned the jeonse fraud.]

The Incheon Police Station’s Special Investigation Unit had moved.

The Special Investigation Unit is a place that investigates cases of high social interest.

The media focused intensively on the fact that the Special Investigation Unit was moving, that it involved jeonse fraud which has been receiving public attention recently, and that it was a large-scale planned jeonse fraud involving 2,300 units.

And netizens who encountered this news were shocked.

-What is planned jeonse fraud involving 2,300 units?

-Damn… is this scale even possible?

-I looked up articles, and they say they built the villa complex targeting this from the very beginning.

-The scale is said to be around 250 billion won?

-If this had exploded, several people would have really died…

-But can jeonse fraud end as just an attempt?

└According to current news, it was discovered when another company acquired the company that was the developer.

└Wow… which company is that?

└It’s still just rumors. They say it’s some investment company?

└An investment company caught jeonse fraud?

Although Kang Hyeon’s name wasn’t directly mentioned, this incident was enough to capture everyone’s interest.

Naturally, YouTube also began covering the related case.

[Everyone, you’ve heard about this Yeongjong Island jeonse fraud, right? This is really no joke in terms of scale.

According to information known so far, it’s said to be on a 250 billion won scale. This is a case big enough to compete for 1st or 2nd place among jeonse frauds that have occurred so far!

I, Issue Spotlight, plan to cover this case in detail, so please like, subscribe, and set notifications!]

Major YouTubers also began covering the related case.

And naturally, KH’s name was also mentioned.

[What makes this JS Construction vicious is that they tried to stab ordinary people in the back to cover their own losses, you know?]

[If KH Recovery hadn’t acquired JS Construction, the case would have exploded within six months.]

YouTubers reprocessed the news content and informed the public.

Even YouTubers called “wreckers” highlighted this case, making KH Recovery’s name known to the world.

Additionally, TV news directly sought out victims.

[Today on Case Chief, we plan to cover the Yeongjong Island jeonse fraud attempt case.]

[We’re going to connect a call with a special person. This is Kim Min-gu, who almost became a victim of this jeonse fraud. Hello?]

[Yes, hello.]

[Please introduce yourself.]

[I’m Kim Min-gu, who lived in a villa on Incheon Yeongjong Island. I’m 37 years old. I work at a small-to-medium enterprise.]

[You almost directly suffered damage from this jeonse fraud attempt case?]

[Yes, my contract period was ending. The landlord said they couldn’t return my jeonse deposit.]

[You must have felt hopeless.]

[I really felt hopeless. My wife was about to give birth, so I wanted to provide a better environment for our soon-to-be-born child.

So I took out loans, borrowed money from acquaintances, and got help from family to barely contract an apartment. But then I couldn’t get my jeonse deposit back.]

Kim Min-gu’s story wasn’t just a victim’s tale, but one that could become anyone’s story.

Perhaps that’s why viewers watching the news couldn’t help but be more immersed.

[How was it resolved well?]

[I was really desperate and even having bad thoughts when a company called KH Recovery contacted me. They said they had acquired the villa and would return my jeonse deposit.]

[You received everything back?]

[Yes. I got everything back, left the villa, and was able to move into a new apartment.]

[That’s really fortunate. Thank you for sharing your story today. Do you have any final words?]

[I want to say I’m really grateful to KH Recovery. And everyone, please be careful of jeonse fraud.]

[Thank you. Everyone, Case Chief promises to continue monitoring this case and deliver new news as quickly as possible!]

Kim Min-gu’s interview became a big topic.

-What is KH Recovery?

-Why did they buy the villa and return jeonse deposits with their own money?

-Is it some volunteer organization?

-The current summary is that they acquired JS Construction’s shares to secure the land JS Construction owned, and during due diligence, they discovered corruption.

└Plus, they had to purchase the villas built on the land to freely use the land when redevelopment happens later, so they bought the villas too. But while conducting due diligence on the corporations that owned the villas, they discovered they were paper companies and jeonse fraud.

-So lol they acquired land for speculation purposes. And then caught jeonse fraudsters in the process?

└Hey! Speculation? You should call it healthy investment.

-But why did KH buy the land? No matter how I calculate it, it doesn’t make sense?

-Do they have so much money overflowing that they can let it sit for several years?

Originally, the public disliked speculators.

But this speculation incident had a somewhat different character.

The fact that they caught jeonse fraud, a crime targeting ordinary people, made netizens cheer.

Perhaps that’s why the large-scale land acquisition didn’t receive much attention.

Rather, people even appeared who worried about KH.

Since considerable funds were invested this time, discussions arose about how they would recover that money.

But these concerns soon disappeared.

[Incheon City K-Theme Park construction in progress. The leading candidate site is likely to be the villa complex where the jeonse fraud occurred.]

News about the K-Theme Park was reported.

Those who heard this news were shocked.

-What is K-Theme Park?

-Yeongjong Island was originally a planned city. Is this finally being built?

-Won’t it get scrapped again?

-By the way, if it’s the jeonse fraud villa complex, isn’t that KH’s place?

-At this level, didn’t they invest knowing about it?

-The possibility was high though.

-Then why didn’t those fraudsters wait?

└Don’t know

Following the jeonse fraud investigation, development was confirmed for the land owned by KH Recovery.

Seeing this sequence of events, some cast suspicious glances.

But Incheon City moved first.

[Incheon City announced that KH Recovery purchased the land and villa complex before this project was promoted.

The documents provided by Incheon City show…]

When they unusually provided evidence, most suspicious looks disappeared.

-The timing was absolutely incredible.

-Wow… those who sold that land must feel wronged.

└What’s unfair about it lol Those scammers got what they deserved.

-Investment is all about timing after all…!

While KH Recovery was being mentioned by the public.

Kang Hyeon, who went to work at KH Capital after a long time, received reverent looks from his employees.

“CEO, you’re truly amazing.”

“Did you start this project while we were on vacation?”

“Wow… To catch the jeonse fraud gang.”

As the employees welcomed him into the office, Kwangho followed behind.

He closed the door and immediately asked Kang Hyeon.

“What exactly happened?”

“Huh? You knew I started a company called KH Recovery and invested in real estate, right?”

Since KH Capital had become a holding company, he had announced that part after the employees’ vacation ended.

Everyone was surprised by the sudden real estate investment, but since it was the CEO’s decision anyway, they didn’t mind much.

“No, I thought it wasn’t that large-scale for real estate investment. But seeing the news, they said you invested hundreds of billions?”

“About 300 billion won?”

“That’s all it cost? I heard the land value exceeds 300 billion. Plus if you bought the villas too, wouldn’t it be over 500 billion?”

“The land was purchased as distressed debt. So it was about 110 billion won level, plus the villa value was 250 billion, so a total of 360 billion was spent.”

360 billion won.

It was an enormous amount.

More than half of the recent NextMove profits had gone into it.

The important thing wasn’t the invested capital.

“Recovery? Do you think it’s possible?”

The most important thing in investment was recovery.

If it was an investment worth that much, it wouldn’t be strange for all company funds to go in.

“Yeah. If we sign a land lease contract with Incheon City, about 250 billion won will be recovered long-term.”

“We can get stable profits. About 8-13 billion won per year?”

“It should be about that much. Plus JS Construction, which we rebranded and made a subsidiary called KH Construction, is likely to become the contractor.”

“What? That’s a jackpot, isn’t it?”

“Right. Even roughly estimating the construction scale, it’s an 800 billion won project. We’ll gain mid-tier or higher name value in one go.”

For an 800 billion won construction project, the net profit alone would reach tens of billions.

It didn’t simply end there.

Once this contract was completed, KH Recovery would essentially become a partner with Incheon City.

They would definitely be assigned first priority for various projects Incheon City undertakes, and the tangible and intangible value gained from that would be enormous.

“For now it’s a slight loss compared to the investment, but long-term it’s definitely profitable business.”

“Huh? I didn’t lose money.”

“Huh?”

“After the article came out, all the real estate near the land I bought in advance went up.”

“Ah…! You don’t mean?”

“Yeah. I bought all the nearby properties too. Just based on what’s already reflected, it’s about 30 percent profit compared to investment. Of course, it’s still on paper.”

He moved meticulously.

Thanks to that, he could maximize profits.

Kwangho clicked his tongue looking at his friend Kang Hyeon who had pulled off such things without his knowledge.

“You’ve really become a completely different person. How did you know to pull off something like this?”

“It was coincidence.”

“Coincidence? That doesn’t make sense.”

“Really. Mother was living in the place where this jeonse fraud occurred.”

“Ah…!”

Kwangho also knew that Kang Hyeon’s mother was living on Yeongjong Island.

Once one puzzle piece fit, the entire picture was completed.

“You came this far trying to solve Mother’s jeonse fraud?”

“At first I just tried to get Mother’s jeonse deposit back. But when I looked into it, it was too messed up. It was entangled on too large a scale, and most importantly, I didn’t think Incheon City would just leave this land alone.”

It started as coincidence, but afterward Kang Hyeon’s foresight worked properly.

“Really bold. Even so, investing that much capital at once couldn’t have been easy.”

“Investment should be done boldly.”

He acknowledged that.

Actually, Kang Hyeon had been bold during Goldwin’s trade war and made incredible decisions in NextMove investment too.

That’s how he could gain enormous profits.

This time was the same.

Kwangho shook his head seeing Kang Hyeon who had become a big player not just in finance but also real estate.

“Do you know what the hottest topic in Yeouido is these days?”

“Yeouido? What is it?”

“Our company story. A new family office suddenly succeeded in enormous investment, so everyone’s paying attention.”

“That feels good.”

It was only six months ago that he was kicked out of Yeouido.

Now he had become Yeouido’s hottest keyword.

“By the way, how upset would Soe be if she found out about this? How does she manage to divorce right at the bottom?”

Investment and life too.

It was always about timing.

Soe had cut him loose at life’s bottom, and afterward his life literally reversed 180 degrees.

If she knew this fact, her face would crumple as sure as fire.

“I do want to see that expression once.”

“I want to see it too. But getting this much spotlight in such a short time, the Financial Supervisory Service will take notice too.”

The Financial Supervisory Service was like grim reapers to investment companies.

When they visited a company, it was never for good reasons.

Ring ring-!

The internal line phone rang.

Kang Hyeon gestured that he would take the call and picked up the receiver.

“Yes.”

-CEO, someone from the Financial Supervisory Service Capital Markets Investigation Bureau has arrived.

They say even tigers come when you mention them?

The grim reaper had come to the company.

—————
This chapter was translated by Lunox Team. To support us and help keep this series going, visit our website: LunoxScans.com
—————