After the Divorce, I Found a Thousand Bitcoins - Chapter 35

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This chapter was translated by Lunox Team. To support us and help keep this series going, visit our website: LunoxScans.com
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I Got Divorced and Found a Thousand Bitcoins Episode 035

It was an unbelievable decline.

[Arkon records 6 percent rise in just one day.]

[Arkon succeeds in rebound alongside TikTok US operations news.]

[Is Data Center investment attraction okay?]

[NASDAQ rally begins with Arkon’s rise!]

Arkon achieved a 6 percent rise in just one day.

And as if the bad news had been a lie, positive news poured out and the price achieved a sharp rebound.

And individual investors shed tears of blood at this stock movement.

-Damn… got screwed riding inverse.

-Ah… my account melted.

-Who recommended Inverse ㅠㅠ

-Cut losses and it immediately goes up…

-What!! How does it rebound in just one day?

-Gone crazy…

-No, this is really legendary movement?

-Even just watching is fun.

-I said it would go up, didn’t I?

-Last train departing. Choo-choo-!

A community of mixed joy and sorrow.

And someone posted something like a universal truth.

-It goes down when you buy and up when you sell, so who makes money from this?

└Try doing the opposite.

└If you go opposite to what your brain thinks, you’d probably become a billionaire.

The most difficult thing is the timing of buying and selling.

But there was a man who did it perfectly.

“We’ve currently switched positions to long and entered buying, and all the stocks we bought are currently profitable.”

“With the 66.15 million dollars of spare funds from yesterday’s profit-taking and the existing 42 million dollars of collateral funds, we entered positions totaling 107.8 million dollars.”

After fees were deducted, buying positions worth 100 million dollars were created.

And as all of that converted to profit, the current position size was 120 million dollars.

“How are the CDS doing?”

“Stock prices rose, but spreads haven’t narrowed yet. Rather, as Arkon’s credit rating fell and spreads widened, current unrealized gains are 90 million dollars.”

Stock prices and credit were different issues.

Coupling phenomena where both prices rise together is common, but occasionally decoupling phenomena occur where the two move differently.

This was exactly that situation.

“Currently the bond market seems to view Arkon’s situation negatively.”

As Kwangho said, Arkon currently had many unstable aspects.

The TikTok acquisition and positive signals from state government combined to achieve sharp rises, but credit still seemed to be an issue.

And Kang Hyeon was catching both of these aspects and making profits from both sides.

“This trade is recording over 200 million dollars in profit even excluding fees and premiums.”

200 million dollars.

At current exchange rates, it was 284 billion won in profit.

Of course, since there were no plans to liquidate positions immediately, profits seemed likely to rise further.

“We’ll maintain positions while observing the market for the time being.”

“Understood. But sir.”

“Yes?”

“Are you alright? You seemed to have a nosebleed earlier too…”

Kang Hyeon had another nosebleed while directing this trade.

He must have been frantically gathering information, but he noticed even in that situation.

“I’m fine, thank you for your concern.”

He simply left words of thanks and wrapped up the meeting.

When entering the Executive Office, Kwangho followed him in.

Click!

“Are you really okay?”

Closing the door, Kwangho asked with a worried voice.

“You had a nosebleed last time too. What did they say when you went to the Hospital then?”

“They said there was nothing wrong. They said it was likely because I was overexerting myself. This time too, it’s probably because I was watching the market while barely sleeping.”

Sleeping only 2-3 hours a day while watching the market, it was understandable that it would be taxing.

“Still, this is the second time, so at least go to another hospital for cross-verification.”

“Yeah, I’ll do that.”

“By the way, how do you see this decline? Is it a major crash market?”

Kang Hyeon looked at the monitor in the Executive Office.

There were charts of AI leading stocks and the stocks they had positioned in this time.

They were still connected in black, but that color had become much fainter.

When he interpreted this in his own way, there was one conclusion.

“We can’t say the anxiety factors have disappeared, but we can continue rising for the time being.”

“The remaining anxiety factors are scarier though?”

“That’s because the world is in such a chaotic situation.”

Currently the world was in a more chaotic situation than ever.

The United States was locking its doors and prioritizing its own interests above all, while China was eyeing Taiwan and crying for war.

Other countries were in similar situations.

Meanwhile, the new industry of AI was leading NASDAQ to historic highs, so anxiety factors continued to remain in the market.

* * *

The market found stability again.

[Arkon rises for 3 consecutive days!]

[Michigan approves Arkon’s Data Center!]

[Was the AI bubble just hype?]

[Correction over! Rise begins!]

[Elon Musk: The world will change within 3 years.]

As stock prices began to rise, the media poured out positive news as if nothing had happened.

From ordinary investors’ perspective, it was an absurd situation.

-Just last week they were saying the bubble burst and whatnot, now it’s rising again?

-The one who holds on wins.

-Believe in AI.

-Indices don’t betray! Hold long for 10 years and you eventually win!

-Anyone who couldn’t go long during the bargain sale?

-Even though I know it’s a bubble, I can’t burst it lol

-It’s gotten too big.

-If this bursts, it’s the end of the world.

People thought AI-related industries would continue to flourish.

The market was also reflecting this as both indices and stock prices were rising.

Kang Hyeon was also perfectly riding this trend.

“Currently profiting 32.3 percent, 38.76 million dollars from established positions.”

In Korean won, it was about 55.5 billion won in profit.

Of course, since it was unrealized profit, it could fluctuate greatly according to market changes.

However, there was something else that caught Kang Hyeon’s attention.

‘The exchange rate is also rising?’

The exchange rate that had been defending 1,420 won until recently had risen to 1,433 won.

Thanks to the suddenly rising exchange rate, KH Capital, which mainly traded overseas, was making unexpected profits.

“The exchange rate has risen. Is there any special news?”

“Not yet. The Bank of Korea has also taken the stance that it’s a temporary rise. Most reports came out in the same direction.”

“Hmm.”

Something was strange.

With no major issues, a sharp rise in exchange rates ultimately meant foreign capital was flowing out.

This had to be seen as a red flag.

Foreign capital flowing out was equivalent to saying trust in the Korean market was declining.

“Find out the ratio of foreign funds that recently left the domestic market and where that money went.”

“Understood.”

The domestic exchange rate market had entered Kang Hyeon’s radar.

* * *

Kang Hyeon visited KH Construction after a long time.

“CEO Kang, how have you been?”

“Haha! I’ve been having a great time. It’s been a while since I felt how enjoyable work can be.”

CEO Kang Myeong-gu’s face was very bright when they met after a long time.

His red glow was still shining intensely, suggesting he would achieve great growth in a short period.

“I heard Incheon City contacted you?”

“Yes. They said they would award the contract to KH Construction on the condition of signing a 25-year long-term lease contract for the land.”

“I guess it’s narrowed down to the Yeongjong Island land.”

“That’s practically the only answer. To move to other areas, we’d have to rebuild transportation. That would require coordination with the Ministry of Land, Infrastructure and Transport. But if we decide on your land, there’s no need to expand transportation.”

That land was definitely prime real estate.

If Dongbang Partners hadn’t tried to forcibly recover their funds, they would have made tremendous profits before pulling out.

“What are the lease conditions?”

“Here are the detailed terms they sent over.”

CEO Kang Myeong-gu handed over the documents.

[Lessor: KH Recovery]

[Lessee: Incheon Metropolitan City]

[Leased Land Area: Approximately 46,000 pyeong]

[Rent: 9 billion won annually, paid quarterly.]

[Contract Period: 25 years, with two possible 5-year extensions if the lessee desires.]

Various other details were included as well.

The fact that 9 billion won would come in annually for 25 years was attractive.

Additionally, a special clause was included stating that KH Construction would be selected as the construction company.

‘Good.’

The deal conditions were what had been discussed in advance.

Still, it seemed they could negotiate a few things to make it more favorable.

‘It would be fine to add clauses about KH Recovery receiving some operating rights, or being able to conduct related businesses connected to the theme park.’

Being both the landowner and construction company, there was a high possibility the other party would accept such demands.

“I’ll have KH Recovery handle matters related to this.”

“Understood. Then we’ll begin preparing for construction.”

“Please take care of it.”

“Haha! Of course! Since this is KH Construction’s beginning, I’ll deliver the best profits!”

“Rather than profits, I hope you’ll create the safest and most beautiful building.”

A safe and beautiful building.

To achieve that, what the company could keep would be reduced.

Since Kang Hyeon couldn’t be unaware of this, Kang Myeong-gu nodded with an impressed expression.

“Understood! I’ll create the safest and most beautiful building in South Korea!”

* * *

Returning to KH Capital, Kang Hyeon contacted Choi Byeon about negotiations with Incheon City.

“Yes, I just sent you the contract Incheon City sent over. We’d like to receive some theme park operating rights and business rights from there.”

-By operating rights, do you mean internal facility operating rights?

“That’s right.”

-For partial operating rights, what percentage are you thinking?

“I don’t think they’ll give much, so about 3 percent operating rights would be appropriate. It would be good if the associated costs could be paid or offset against the rent.”

-There are tax issues too, so I’ll consult with Samil Accounting on that part and submit a final decision. And by business rights, do you mean business rights connected to the theme park?”

“Yes, I don’t have specific ideas yet. But if the theme park does well, it would be good to conduct related businesses under KH Recovery’s name.”

-Certainly, a theme park of this scale would attract many foreign tourists, and conducting connected businesses would be good. I’ll proceed with negotiations on this part as well.

“Please take care of it.”

-Just leave it to me. Oh, and regarding the unfortunate incident from before, we concluded it with the related person resigning.

“I see. Understood.”

Resignation.

It seemed excessive, but that person who had joined hands with his ex-wife had definitely done something wrong.

They had tried to pressure the other party and extract settlement money by selling the company’s name.

From Choi & Jang Law Firm’s perspective, it was a matter serious enough to go to court.

But since it was concluded with resignation, it could be seen as getting off cheap.

“The Incheon matter is roughly wrapping up.”

The jeonse fraud that had started because of Mother.

After preventing large-scale jeonse fraud, it led to land acquisition and construction company acquisition, followed by winning a large-scale theme park contract from the local government.

Everything was connected step by step.

‘With this ability, there’s nothing to fear.’

He was smiling while thinking this.

Knock knock!

“Come in.”

With permission granted, the door opened to reveal Kim Ha-ryul with a stern expression.

“What’s the matter?”

“The exchange rate broke through 1,450 won during trading.”

The exchange rate was surging.

But that wasn’t the end.

“And the Presidential Office held an emergency meeting with the 7 Major Companies.”

The situation was developing rapidly.

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