Li Bingkui sent Song Yi and the other man to the hospital parking lot. He said to Song Yi, "The president is very happy that you can come to visit him today."

"The president hopes to meet with you in private first and then introduce you to his family. I believe you also know that the president's family is a large family." Li Bingkui said.

Song Yi also found it strange that Zhou Zhengyong was hospitalized, and there was no reason for his children and siblings not to stay in the hospital. After all, although the battle for control of Hyundai Group had come to an end, the huge amount of wealth under Zhou Zhengyong's personal name had not been distributed. No one knew what Zhou Zhengyong was thinking until the last moment.

Li Bingkui and Song Yi exchanged contact information, and Li Bingkui said to Song Yi: "If you encounter any minor troubles in Seoul and need me to coordinate, please be sure to contact me."

"Thank you, Director Li, goodbye." Song Yi and Li Bingkui said goodbye.

Li Bingkui has worked with Zhou Zhengyong for more than 20 years and is relatively familiar with Zhou Zhengyong's psychology. He realized that Zhou Zhengyong might value Song Yi more, so he showed goodwill to him in advance, which was considered a favor. As Zhou Zhengyong's secretary, a phone call from Li Bingkui might be more effective than a police chief from Seoul.

On the way home, Zhou Shulan was a little worried. After listening to the conversation between Song Yi and Zhou Zhengyong in the ward, she regretted coming to Korea to recognize her relatives.

Zhou Shulan reminded her son, "Xiaoyi, Mom doesn't ask you to be rich, I just want our family to be safe. Your dad and I are not young anymore, don't make us parents worry. Your eldest brother is gone, and you still have to take care of your sister-in-law and Miaomiao."

"Mom, don't worry, I know what's going on." Song Yi plans to set up a family trust in Hong Kong Island and designate his parents and Liao Yu as beneficiaries. This way, even if the company under Song Yi's name goes bankrupt, it will not affect the lives of his family.

After Song Yi left the hospital, Li Bingkui returned to the ward and said, "President, I sent them to the parking lot. Song Yi's car is a Mercedes-Benz S320. It seems that the advertising company under his name is indeed doing well."

Zhou Zhengyong asked Li Bingkui, "Song Yi borrowed 2 million US dollars from the Foreign Exchange Bank. Where did the money go? Have you found out?"

Li Bingkui replied, "Song Yi used the $2 million to buy 10 luxury apartments in Seoul, 6 in Seocho-dong and 4 in Mapo-dong. The current value of these properties is over $10 million. Currently, all five apartments are rented out as fully leased apartments, with a total deposit of $8 million collected from tenants, and the leases all start from two years."

"Song Yi mortgaged these 10 apartments, together with his previous apartment in Ziyang-dong, to Hana Bank and borrowed 10 million US dollars from Hana Bank. Song Yi transferred the 10 million US dollars to an overseas account and then could not be traced." Li Bingkui answered respectfully.

There is a unique way of renting a house in South Korea, called full renting, also known as chuanyu. When renting a house, the tenant pays the landlord a large deposit at one time, usually 60%-80% of the property value, and then can live in the house for free for two or three years.

The advantage of renting a house is that you don't have to pay rent every month, you only need to pay a deposit at one time. After you move out, the landlord will return the deposit to you intact.

It is also beneficial for landlords because they can use the tenants' deposit to invest. As long as the annual income is higher than the rent, they will lose money instead of making any profit.

Young people in South Korea who cannot afford to buy a house in full will choose to go to the bank to borrow money to make up the deposit for renting a house. Since the interest rate of Korean banks is much lower than the monthly rent, renting a house in full is like pie in the sky.

For example, Song Yi spent $500,000 to buy an apartment in Seocho-dong, rented out the apartment to tenants, and collected a deposit of $400,000. Song Yi can continue to use the $400,000 to buy more houses, and then rent out the houses and continue to collect deposits from tenants.

As long as the housing prices in Seoul continue to rise, Song Yi can continue to operate in this way. However, once the housing prices fall, this model will be difficult to sustain. When tenants quit one after another, Song Yi's properties cannot be fully refunded after being sold or auctioned, and he cannot repay the bank's loans, then this capital chain will inevitably collapse.

Zhou Zhengyong hesitated, "Song Yi is not going to run away with this 10 million US dollars, right?"

"That shouldn't be the case, right? If Song Yi plans to run away with the money, he can actually use the $10 million to buy more houses, then find tenants to collect deposits, and then mortgage the houses to the bank. By doing this cycle, he can even get hundreds of millions of dollars." Li Bingkui raised a question.

"You told me before that Song Yi used 10% of New Korea Media's shares to borrow $2 million from the Overseas Exchange Bank. Now he has obtained $10 million from tenants and banks by renting out the entire property."

"He is now investing the 10 million US dollars, and he alone enjoys the profits, while all the risks are passed on to the bank and tenants. Isn't this just making money out of nothing?" Zhou Zhengyong is in the manufacturing industry, so he is naturally not very interested in Song Yi's radical investment style.

Song Yi had indeed considered using 10 million US dollars to buy a house in Seoul, then mortgaging the house to a bank, and then using 100 million US dollars to enter the B-share market. He would wait until B shares reached a high point in June and then cash out with other overseas investors.

However, after some consideration, Song Yi gave up this plan because the B-share market is too small and there are not many stocks.

Song Yi entered the stock market with $10 million and was able to make a profit from other investors and exit smoothly. If Song Yi entered the B-share market with hundreds of millions of dollars, he could have already influenced the B-share market, and other financial institutions might have joined forces to share the profits.

By June, Song Yi's $10 million would become $30 million. Song Yi remembered that it was at this time that Li Zekai sold his 20% stake in Penguin to MIC for $12.6 million.

Li Zekai spent 2.2 million US dollars to buy 20% of Penguin's shares in 1999. In just two years, he made nearly 5 times the profit, which is a very successful investment case at any time. But if he did not sell these shares, they would be worth hundreds of billions of US dollars.

Song Yi has already made two plans. One is to negotiate with Wemade for the exclusive agency rights of the online game "Legend" in mainland China, and the other is to discuss with Li Zekai about taking over the 20% stake in Penguin.

Zhou Zhengyong certainly didn't know about Song Yi's plans. He said to Li Bingkui, "Zhou Shulan is the only daughter of my younger sister. Since I plan to recognize this relative, I can't let a fraudster appear in our Zhou family and bring shame to the modern world. Call Meng Xian over. I have something to tell him."

"Okay, President." Li Bingkui dialed Zhou Mengxian's number without hesitation.

One chapter is finished, there will be another chapter later

(End of this chapter)