12 – Charity Auction (3)
Charity Auction.
It refers to a method of selling goods or services through auction for charity work.
So the proceeds from the charity auction are used for charity work.
In other words, the items submitted to the charity auction are not submitted by the exhibitor to make a profit.
It is literally charity and donation activity.
The same goes for this charity auction.
According to the information notified in advance, all profits will be donated to the Hangak Welfare Foundation.
Then, what is the psychology of that man who put up a 10% stake in his company in a charity auction?
Do you want to make a donation even if you sell your stake in the company? Probably not.
“10 Billion won! 10.2 Billion won! 10.3 Billion won!… “
Bid prices were skyrocketing.
What the hell is that?
As the lie became reality, my intelligence also increased exponentially.
However, the more you question this situation, the more you fall into the labyrinth.
“Brother, could the shares in the company be auctioned off?”
“Oh, it is possible. Actually there have been times like that. But such cases are rare.”
If the purpose is to donate, the stakes would have been donated in the form of a donation rather than being auctioned off.
The reason is simple. The procedures and risks involved in listing a company’s stock as an auction item are significant.
What about restrictions or regulations on equity transactions within a company? What to do with numerous issues such as legal regulations on the distribution of shares to be submitted or differences in understanding of the market value of shares in companies?
Why did you put up with all these hassles and put your stake in the company up for auction?
It seems that there is a foul smell coming from somewhere.
“11.05 Billion won! 60 Million won! 70 Million won!… “
Did you say the Hangak Welfare Foundation?
I can’t remember even though it seems to come to mind as if there is fog in my head.
I guess I’ll have to do that again.
‘Hangak Welfare Foundation… Hangak Welfare Foundation… ‘
Pudeuk-
I frowned at the excruciating pain that choked my breath. Still, this is worth it.
As soon as I took a breath, the hazy memories began to appear clearly.
Ah, I finally remembered.
Kang Min-wook, Kim Hyeon-suk, the wife of the mayor of Seoul. Her Hangak Welfare Foundation is a donation foundation she runs.
‘Aha, so it’s a Go-Stop where you put everything together?’
All profits generated through this charity auction will be donated to the Hangak Donation Foundation for charity work.
However, the exact ‘use’ of the donated funds was not disclosed transparently. This means that you can sleep according to your own taste.
What it means is that you can invest money in the name of ‘donation’ to a business or non-profit organization that you have a stake in.
For some reason, a lot of unique art pieces were exhibited.
In the case of artwork, it is difficult to apply financial regulations because the price is paid in cash and there is no duty to report. You can hide it in a free trade port where no taxes are levied.
Will rich people collect art with a pure heart? Absolutely not.
The highlight is the stake in Unilabs that Jang Do-hyeong submitted.
In general, capital gains tax of up to 42% is levied when a share is sold, but if it is covered as a donation as it is now, it is subject to tax credit.
To solve bribery, tax evasion, and money laundering with OneQ. I leave the pheasant and eat its eggs.
Besides, the investment proposal that Jang Do-hyung gave me. I took a quick glance and it’s a classic multi-level ponzi scheme.
What is a Ponzi scheme? It is a financial scam that is no different from a multi-level scam in which new investors make up for the interest or dividends of existing investors.
Since there is no basis for cash distribution, it is not strange if it explodes at any time.
In addition, if you invest 10 million won, you will receive 30 million stablecoins worth 1 won, ‘Solar’?
‘He’s f*cking.’
For example, listing on a large-scale overseas exchange soon. Because 1 solar is 1 circle, it is said that it cannot fall below it. I’m so fed up that I’m about to yawn.
“15 Billion!! Any more bids?”
Jang Do-hyung is making eye contact with me with his head raised and an arrogant smile.
What kind of expression would that unlucky waiter have on his face when he was distorted by frustration?
I think it will be quite fun.
****
This charity auction is an important event in many ways.
Numerous conflicts of interest and scandalous back-and-forth deals prove the importance of this auction.
A charity auction to support the underprivileged? Pooh.
The artworks to be exhibited will be tools for tax evasion and money laundering, and the sales proceeds will also be used as slush funds for behind-the-scenes transactions of the high-ranking people, not the underprivileged.
Of course, I am also willing to take part in it. It’s because they plan to throw a bribe of 10% of Unilabs’ shares hidden tightly in the cover of donation.
I looked around with anticipation.
A man sitting in the corner with a bored expression on his face is clearly familiar.
I naturally approached him and asked for a handshake.
“It’s a long sword.”
“Oh, yes. This is Sungwoo Kim.”
Seongwoo Kim.
A legend in the securities industry. It is a super ant and name that everyone knows in this side where one individual rolls cash close to Joe.
Isn’t it even the heart of the Korean economy, the third generation of chaebol directly affiliated with the Taewoong Group?
It was the first time that he had been active outside the country for the first time.
What’s your plan?
“Can I join you?”
“Yes, what… Sit as you like.”
“Then excuse me.
Unlucky child.
I can’t show that I don’t like it, so I don’t see that handsome face, but is there anything special?
He just smiled and handed over his business card.
“This is who I am.”
The expression of not knowing English.
However, the woman who appeared to be with him seemed very surprised.
“Brother, that’s it. Cryptocurrency!”
“hahahaha, that’s right. It’s not enough, but I made a cryptocurrency called Solar.”
It was only then that there was a slight change in the indifferent expression.
“Are you familiar with me?”
“Oh, actually, I’m meeting you for the first time today.”
“Then for what reason… ?”
“Actually, I wanted to see you at least once.”
“Me?”
A lot of doubts. There is no one in the securities industry who has not heard of Kim Seong-woo.
That expression of bewilderment must also be a heinous act of trying to find out.
Carelessness is prohibited.
“Ha?”
“More than anything else, the Taewoong Group…”
“Just keep it simple, please.”
From noble mtl dot com
Huh?
In an instant, the atmosphere froze.
It was only Taewoong Group’s four letters, so they opened their eyes and stopped talking. This blue-eyed young bastard.
“hahahaha, I seem to have made you uncomfortable. I apologize.”
“It’s okay.”
“This is an investment proposal for Solar, a virtual currency. If you are interested, please contact us here.”
“… ”
I swallowed the boiling anger and handed over my contact information along with the investment proposal.
If you’re as big as he is, I’m sure you won’t miss this opportunity.
The absurd deposit interest rate guaranteed by ‘Solar’ does not come from a solid cash distribution foundation.
Receive the volume of existing investors with new funds and bounce… This is what is often referred to as a planned Ponzi scheme.
It is a time bomb that does not know when it will explode, but the firepower of the explosion will increase like a snowball until it explodes.
In the deadliest position when the most people gather like that… Perong!
Innumerable individuals will be massacred, but what can we do? You should blame them for being weak.
There is no way that bastard Kim Seong-wu, who is famous for being a money ghost, will miss this opportunity.
He’s definitely a guy who could help out with both hands and start a massacre.
The auction started smoothly.
The artworks above are just appetizers anyway.
I glanced at Kim Seong-woo from time to time, but he was just resting his chin on his face with a bored face, and he didn’t show any sign.
“Here comes the best stuff! This is the final auction!”
“The darling of Korea’s blockchain technology! A genius young entrepreneur leading the blockchain industry in Korea!”
“Jang Do-hyung raised his stake in Unilabs as an auction item!”
The finale has begun.
At first glance, the bidding price starting at 10 billion seems absurd, but in reality it is not at all.
If you pop it right, you can get ten times that amount.
“10 Billion won! 10.2 Billion won! 10.3 Billion won!… ”
“11.05 Billion won! 60 Million won! 70 Million won!… ”
Bid prices skyrocket without fear.
But still, Kim Seong-woo doesn’t show any signs.
Am I mistaken? If it was him, I knew he would definitely go out on his own.
“15 Billion!! 15 Billion came out!!!!!”
Ssiik-
You finally asked.
Kim Seong-woo raised his hand while sitting in his seat with a sad expression.
If rumors spread that Kim Seong-woo, the super ant of invincible myth, bought a 10% stake in Unilabs at an auction with a lot of premium, Unilabs’ stock price would skyrocket on that day.
If that happens, eating rice cakes for virtual currency ‘Solar’ is a natural process.
The ripple effect of the three letters in the name Kim Seong-woo is greater than I thought.
“If there is no additional bid, I will win the bid!”
Daang-
Everything is perfect.
Finally, the last puzzle has been solved.
“The bid was successful!!”
As soon as our eyes met, Kim Seong-woo shed a sneer and smiled.
What is it? This ominous feeling.
Ha- It must be because of my mood.