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Chapter 124 Kowloon Village Development Plan

When Tiany and others heard the news of making money, they all became energetic.

No one is not interested in this kind of thing.

Park Min-ah was in a good mood, otherwise she would not have deliberately kept her from others.

"nestlabs, a smart home company founded by Tonyfadell, the father of 'ipod'... Well, it is the leader in the smart home market. Its main products include nest thermostats and protet smoke detection alarms. The ones installed at home are not only beautiful and fashionable in appearance, but also have digital perception capabilities, with excellent user interface and a large number of sensors, supports Wi-Fi network connection, and can understand users' usage habits. It is called the 'thermometer version of ipod' by many people; the latter can be connected to the nest thermostat, which can be adjusted for the environment and users, and is controlled by a smartphone or tablet. Well, in the last month of last year, the average monthly sales of nest has reached 40,000 to 50,000 units..." Park Min-ah introduced in detail to several people.

Yuri, Jess and others thought of what Park Ji-hoon once said, "It is easy to make money by investing in a pioneer in an emerging field."

"Nest has had three rounds of financing, totaling US$80 million. We invested a total of US$40 million and owned 15% of the shares." Park Min-ah continued, paused, and told the core that Yuri and others were most concerned about: "Just the day before yesterday, Google officially acquired all of nest assets for US$3.2 billion in cash."

"3.2 billion?!" A soft cry could not be suppressed.

The total value is US$3.2 billion, Park Ji-hoon accounts for 15%, which is US$480 million, with a net profit of 440 million?

Unbelievable!

Is it so easy to make money?

Park Min-ah saw the expressions of the people in her eyes, smiled slightly, and did not explain the twists and turns.

They are not the only ones investing in Nest. Google Ventures, KPCB, Shastaventures and other institutions have invested. After Nest's valuation has increased significantly, discordant voices have begun to appear inside. Some people want to dilute the shares of investment institutions, mainly targeting "my investment". At the end of last year, it was reported that Nest received a round of $200 million in investment.

If Alvito and Garcia were not vigilant enough and Noel and White's team was strong enough, it might be possible that they would succeed this time.

The twists and turns are not worthy of being told by outsiders.

Park Min-ah contacts Alvito, Garcia, Noel and White every day, Park Ji-hoon completely lets go, leaving the two people to understand the progress, learn experience, and occasionally providing some of her own opinions, which is also a bridge for Park Ji-hoon to communicate with the two.

Thank you for your hard work some time ago.

"Huh?" Yuri suddenly exclaimed and asked, "The dust was settled the day before yesterday, why were you busy so late last night?"

"I was busy with money last night," Park Min-ah replied.

Yuri and others were speechless at the same time.

Well, this brother and sister make money and spend money even better!

"Actually, it has something to do with the health and medical insurance project that Sister Yan'er is responsible for." After pondering for a while and organizing the language, Park Min-ya continued, "Didn't Sister Yan'er dig up some colleagues from Charlotte Hospital in Germany? My brother promised to build a hospital for them."

"Then?" Yuri asked.

Instinctively, it should not be that simple. If you leave this kind of thing to professionals, there is no need to do everything yourself.

"Kowloon Village, do you know?" Park Min-ah did not answer, but instead asked a seemingly irrelevant question.

"I know!" Yuri and others nodded at the same time.

Jiulong Village is a famous slum in Jiangnan District.

In 1988, Seoul held the Olympics. In order to rectify the city's appearance, many illegal houses were cleaned up. Some homeless people began to set up houses in Kowloon Village. At first, the government did not care. Later, more and more poor people lived illegally here, and eventually developed into a veritable slum.

Kowloon Village is the only undeveloped area in Gangnam District. The difference in living conditions is like another world! Celebrities, especially celebrities, who do charity but don’t want to go to too chaotic places, basically choose this place, so Yuri and others know this place.

However, this does not mean that the geographical location here is very poor. On the contrary, Kowloon Village is less than one kilometer away from the highest residential building in South Korea in Gangnam District, and is only a highway from the wealthy area. For the past 20 years, the call for demolition and development of Kowloon Village has been very high, but it has always been "thunder and no rain."

During his tenure as Seoul Mayor Oh Se-hoon, he planned a public development plan, that is, the urban land commune that belongs to Seoul was funded to develop and build Kowloon Village, and at the same time provided low-rent housing to local residents. However, this move was unanimously opposed by local residents, who most wanted to get a small but owned house instead of renting a house for the rest of their lives.

After the current mayor Park Won-soon took office, he launched the demolition plan again, preparing to adopt the "two-legged walking" method, adopting a plan to allow self-built housing and rent out for residents who have purchased part of the land property rights, and providing low-rent housing for the extremely poor class who have nothing.

This move was recognized by residents of Kowloon Village. The original plan was launched this year, but it was strongly opposed by Gangnam District, believing that this development method only brought huge benefits to land owners. In fact, several members of the ruling party of South Korea filed complaints to the South Korean supervisory department, demanding supervision of the current mayor Park Won-soon and relevant cadres, on the grounds that it is possible to provide special benefits to landlords, and may even involve bribery and bribery.

This involves the Seoul mayoral election in June this year, whenever the election comes, Kowloon Village will become a "political rich mine" and is being presented with a story. It has been like this for more than ten years.

The complex relationship has long discouraged countless developers.

Park Won-soon found Shen Hye-young for negotiation at the end of last year and approached Park Ji-hoon at the beginning of this year. The two sides initially agreed on the development plan. The Seoul government was responsible for demolition and resettlement of residents, and Park Ji-hoon was responsible for development and construction.

There is basically no improper transaction. As long as the development plan of Kowloon Village is successfully launched, it will be the greatest benefit to Park Won-soon.

Park Ji-hoon gave this matter to Park Min-ah.

Kowloon Village covers an area of ​​30 hectares, and the amount required for development is definitely not expensive, so Park Min-ah will be easier because of the nest.

There are so many places to use money now!

"Is it okay?" Although Yuri and others were not sure about the hidden truth behind it, they also knew the difficulty of developing Kowloon Village. Unexpectedly, they were eventually taken over by Park Ji-hoon!

Somewhat worried.

This is Gangnam District, Seoul, and every inch of land is valuable! A residential building 1 kilometer next to it was sold for 2.1 billion won last year.

The interests are touching. (To be continued.)
Chapter completed!
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