Chapter 622 The Omen

Under Sato Hidetaka’s lead, Kishimoto Masayoshi and Yamada Mirai were following her out of the hotel, heading towards one of the areas where ordinary Korean people ate.

Masayoshi Kishimoto understands better than anyone else that to see whether a country’s economy is good or not, you must not listen to the media’s boasting, and even less listen to the propaganda of the official media, but rather, you have to personally go down to the grassroots level to conduct field inspections. He believes in that saying that without investigation, there is no right to speak.

“South Korea Seoul’s economy is good! Give me the feeling like in Tokyo.” Yamada Mirai saw ordinary Korean people, especially women carrying large bags of shopping bags inside the mall. Her most tangible intuition was to have a say.

“Sato, what do you think?” Masayoshi Kishimoto knew in his heart that this was a response to the line inside Dream of the Red Chamber, which was really a bloom of blazing fire and flowers.

Although Sato Hidetaka was not sure of the true purpose of the chairman’s personal trip to South Korea, he was convinced that the other party had definitely come with a clear purpose.

“The Korean government and the central bank have put a lot of effort into stimulating domestic consumption and economic recovery. So far, it seems that there are really good results.

As far as I know, the real estate projects that Hard Gold Construction, a subsidiary of our Hard Gold Group, has invested in and built in Seoul’s Seocho-gu, Gangnam-gu, and Songpa-gu are all selling very well.”

Sato Hidetaka’s personal inclination was to think that the chairman had personally come here this trip in order to increase the new round of investment in Seoul, South Korea.

Masayoshi Kishimoto just smiled but did not express his personal opinion. He knew in his heart that the target customer group of the three districts in Gangnam, Seoul was the high-income group, after all, the real estate projects developed were all high-end apartment buildings.

Even if the credit card crisis broke out in South Korea, it would not allow himself to suffer losses in this one area, instead, it was very likely that it would also allow his real estate sales in the Gangnam District of Seoul to rise.

In fact, the reasoning is quite simple. The high-income group, although they will use credit cards, tend to be rational and tend not to use them directly for cash withdrawals, but rather for credit card purchases.

On the contrary, the low-income group in the reality of economic life under the compulsion of the lack of rationality, it is common to use credit cards for a cash withdrawal.

The fees for cash withdrawals by credit card are quite high. The annual interest rate for cash withdrawals is as high as 18%-25%.

The credit card crisis in South Korea, once the outbreak of the impact on the high-income group is not at all small, minimal, after all, they are fully guaranteed economic strength.

The houses in Gangnam District 3 are simply unaffordable for the lower income groups in Korea. They are lucky if they can afford to rent a house within the main urban area of Seoul.

In order to avoid the financial risks brought about by the credit card crisis, high-income groups will increase investment in real estate, resulting in good locations and good areas above the house becomes hot.

House is a commodity not only for Koreans, but also for the Chinese, are not just a common commodity, but with a certain speciality in that it is a necessary condition for marriage.

If a man doesn’t have a house, a woman won’t marry him. Those Korean girls who were born and grew up in Seoul have high expectations that most of the boys in Korea are discouraged from marrying.

Masayoshi Kishimoto, Hidetaka Sato, and Mirai Yamada walked into a general barbecue restaurant suitable for the consumption of the general public in Korea. They sat down at a window seat.

Masayoshi Kishimoto looked at the store’s friendly decoration, and then looked at its consumer price was not expensive, completely acceptable to the average Korean citizen.

He noticed that the number of customers in the store was small, and the location of the barbecue restaurant was not remote. It was the time for lunch and yet not many people were spending money in the store, representing not a good economy.

The normal phenomenon of a good economy is a booming business for food and beverage outlets. Ordinary nationals who had money inside their pockets and didn’t want to cook for themselves for the sake of convenience, as well as those who wanted to eat well, naturally chose to dine out.

“If you feel uncomfortable, not far away from the neighborhood, that is, on the next street there is a high-class restaurant with a good taste of Korean barbecue cuisine.” Sato Hidetaka said with special care and attention to the Chairman’s every move.

“I think this place is quite good. Could it be that you’re the one who thinks this place is bad?” Masayoshi Kishimoto said with a slight smile.

Even if Satou Hidetaka felt that this place was bad in his heart, he didn’t dare to say it was bad in front of the chairman saying, “No, absolutely not.”

His own income had long since gotten rid of walking into places like this to dine. If he wanted to eat barbecue meat, he would also go to dine inside the Korean-style premium barbecue restaurant on the next street above.

He was a veteran of the workplace for many years, of course he knew a way of dealing with people who kept their tastes with the boss all the time. Not to mention walking into such an ordinary Korean working class store. Even if the Boss wanted to eat at a roadside stall, he would go along and eat as he was told, and show that he was eating exceptionally well.

Masayoshi Kishimoto looked at Mirai Yamada and said, “What do you think?”

An important factor in Yamada Mirai’s ability to hold the position of the Chairman’s Secretary Chief steady was not in how strong her relevant abilities were, but in being able to read some of the Chairman’s mind.

She had known for a long time that the chairman liked ichiban culture and smiled, “Very well!”

“Sato, you translate for me. Ask her for me if Koreans don’t like barbecue meat at noon.” Masayoshi Kishimoto saw a clerk walk up to them and said in a targeted manner.

Sato Hidetaka used his very fluent Korean to ask a question, and the clerk answered truthfully.

Sato Hidetaka seriously reported to Kishimoto Masayoshi, “She said, no. Recently, I don’t know what happened, but business has suddenly gone bad.

The number of people coming to the restaurant to eat barbecue meat has decreased a lot. Last year at this time, not only was the restaurant full of people eating barbecue at noon every day, but there was also a long line.”

Justice Kishimoto understood. He knew that this was one of the precursors that belonged to the bad economy and the emergence of a crisis. On the one hand, the streets seemed to be bustling, but on the other hand, the consumption of essential items for people’s livelihood was shrinking.

At this time, Sato Hidetaka got up and brought the menu to Kishimoto Masayoshi. He didn’t dare to take the liberty of deciding what they would have for lunch today. He felt that he had been fortunate enough to be able to sit here with the chairman.

“It’s not like I know Korean. You guys order!” Masayoshi Kishimoto blurted out.

When Sato Hidetaka heard “you guys”, he first froze for a moment, and then he instantly understood. Yamada Mirai should also be someone who knew Korean. He handed her the menu in his hand, intending to confirm whether his guess was correct.

Yamada Mirai didn’t make it easy on the other party, and directly took the menu and ordered the best meat, the best dishes, and the best wine in this restaurant.