"Uncle, what are you three doing? Come and join us." Shen Lanlan walked into the private room with a wine glass in her hand.

Shen Fang straightened up and put his arms around the two women: "You two have fun, we're going to go somewhere else for some romance."

"By the way, don't mess around, head back early."

After saying that, Shen Fang led his two children out of the private room.

The three of them got into the car.

Shen Fang looked at the two women with a grin.

"Home Inn, or your home?"

Sung Yu-ri rolled her eyes, and Lee Boo-jin remained silent.

Shen Fang... not saying anything means he agrees.

Shen Fang looked at the driver: "Shilla Hotel."

Lee Boo-jin interrupted, her lips twitching, "We're not going to the Shilla Hotel, we're going home."

"Yes, Miss."

Twenty minutes later, we stopped at a very quiet villa in the Jiangnan district.

Lee Boo-jin opened the door, and the three of them went inside.

Lee Boo-jin first took off her high heels, put them on, and then squatted down to push Shen Fang's shoes off. She was very virtuous, or rather, so virtuous that Sung Yu-ri, who was standing to the side, was stunned. Of course, Shen Fang was also stunned.

Shen Fang picked up Lee Boo-jin in one scoop: "Boo-jin, you don't need to do this."

Lee Boo-jin rested her head on Shen Fang's chest: "I love you, I'm willing, and do you know how happy I am today when you proposed to me? Do you know that?"

Where is Sung Yu-ri standing awkwardly to the side? You proposed? Then what am I?

Lee Boo-jin glanced at Sung Yu-ri, then looked at Shen Fang.

"Aren't you going to explain?"

Shen Fang put Lee Boo-jin down and led the two women to the living room. He explained his situation again. Although Sung Yu-ri had guessed that someone like Shen Fang must have many female confidantes, she hadn't expected so many.

Sung Yu-ri glanced at Lee Boo-jin, then looked at Shen Fang with a hint of anticipation: "I want one too."

Shen Fang understood what Cheng Youli wanted.

"no problem."

Lee Boo-jin had already prepared the sake.

The three of them raised their glasses and began to drink.

While drinking, Shen Fang gently squeezed Lee Boo-jin's black-stockinged feet. "Her jade-like feet are so soft!" he thought. After touching those, he stroked Sung Yu-ri's white stockings. "Hehe, double the pleasure!" he chuckled. Then he smelled them. "Hey, not smelly at all!" he thought. (It's said that women's feet smell six times worse than men's.)

Lee Boo-jin and Sung Yu-ri couldn't stand Shen Fang's lewd behavior anymore, so they each kicked him.

Shen Fang was prepared; he clamped the two long legs between his legs and began to play with them for a while. So white, so tender, so smooth. (Of course, stockings are slippery.)

Just as Shen Fang was about to go a little further, Lee Boo-jin stopped him.

With a slight smile, she said, "Don't go too far."

Chen Fang... I was having so much fun, it's so frustrating to have to stop now.

Shen Fang tried to make eye contact and act coquettishly to get away with it, but Li Fuzhen had no intention of letting Shen Fang continue. She knew that this man was pushing his luck.

“Honey, I have a question I’d like to ask you now. What do you think is the future of Samsung Group’s real estate business?”

Shen Fang touched his chin.

"If this is agreed upon, what's the reward?"

Lee Boo-jin breathed into Chen Fang's ear: "You can do whatever you want, including that idea of ​​yours."

Shen Fang rubbed his hands together, glanced at Sung Yu-ri, and then looked at Lee Boo-jin.

"You said it yourself."

Cheng Yuli...

Lee Boo-jin took a sip of the simmering liquor.

"Mr. Shen, please hurry up."

"South Korea's real estate market can be divided into two periods based on the nature of the residential properties: one from 1960 to 2000, and the other from 2001 to the present. The situations in these two periods are quite different, so let's talk about the first period first."

Sung Yu-ri raised her hand: "Why is it divided into two stages?"

Lee Boo-jin rolled her eyes at Sung Yu-ri: "Read more books when you have nothing to do."

Sung Yu-ri looked at Shen Fang with a pitiful expression, pleading for comfort, which made Shen Fang laugh out loud. He then patted Sung Yu-ri's little head.

"good."

Shen Fang took a sip of his drink: "We usually say that real estate is about population in the long term, land in the medium term, and finance in the short term. So let's start with the long-term factor of population. In the 1960s, facing a poor South Korea, Park Chung-hee came to power. He was the president who was assassinated. I think he was your country's third president?"

Lee Boo-jin nodded: "Yes, Park Chung-hee did do a lot of good things during his time in office."

Shen Fang nodded, agreeing with him. This man prioritized economic development as the nation's top priority, established an export-oriented strategy, and founded the Seoul-Incheon Industrial Complex, officially initiating South Korea's industrialization process. He led South Korea down the path of industrialization, enabling the country's economy to take off.

"Industrialization inevitably leads to urbanization, so South Korea's population has flocked to the capital region (i.e., Seoul, Gyeonggi Province, and Incheon). This is similar to the path taken by our inland areas, which is to let some people get rich first. This has also resulted in South Korea's mainland, except for the Seoul area, being relatively poor. The gap between the rich and the poor is relatively large."

With South Korea's economic boom, especially the manufacturing upgrade that began in the 1970s, emerging industries such as steel, automobiles, shipbuilding, electronics, and home appliances appeared one after another, leading to an increasingly rapid influx of people into the Seoul metropolitan area. From 1960 to 1990, the Seoul metropolitan area grew by a total of 13.38 million people, an average annual increase of 446,000.

In addition to the large influx of new urban residents, South Koreans were also very prolific at the time. From 1950 to 1960, South Korea's total fertility rate remained around 6, which was a significant factor in the rapid population growth in the Seoul metropolitan area. However, after entering the 1960s, South Korea's total fertility rate began to decline rapidly, only stabilizing in 1985.

This alarming growth continued until 1992, when Seoul's population reached 11 million. After 1992, Seoul's population began to decline slowly, but the entire Seoul metropolitan area continued to grow gradually. Today, the Seoul metropolitan area, which accounts for only 12% of the country's total area, is home to 26 million people, representing half of South Korea's total population and over 70% of its economic output.

This is actually a pathological situation. The entire economy of South Korea is concentrated in Seoul. If an atomic bomb were to hit Seoul, the entire country would be paralyzed. That's why South Korea is also known as a "semi-city-state." The population and economy are highly concentrated in the capital region, while other cities are practically dispensable, and their development is negligible.

So Seoul, South Korea, does indeed look glamorous and very prosperous. Of course it's prosperous, since everything is concentrated in one place.

This is a basic understanding of South Korean real estate. To be honest, apart from Seoul, the development value of real estate in other parts of South Korea is only average.

However, it's true that you need to think in reverse to understand everything.