Chapter 109: 109
Gun-Ho and Min-Hyeok headed to Pudong Airport in Shanghai to go back to Korea .
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"I have two to three months left before signing the actual contract . I will have to prepare 1 . 5 billion won, and I don't think I have enough cash in my bank account . "
Gun-Ho had spent 6 . 5 billion won earlier to acquire the vacant lot in Gangdong District . At that time he had to sell some of the Kumho Chemical stock for 300 million won to prepare enough funds . The price of the Kumho Chemical stock had increased, but it was still a bit early to sell it .
"Should I sell the stock again? I shouldn't sell it little by little like this . "
While Gun-Ho was thinking about the funds he had to prepare, Min-Hyeok seemed to have his own things to think about .
"There are two to three months left before the contract signing . What should I do during those months? I can't go back to being a residential manager again . "
Gun-Ho talked to Min-Hyeok while smiling .
"You will be very busy before the contract signing . You have to learn the Chinese language at a private institution . Also, learn some computer skills as well . You know how to do PowerPoint, right?"
"I know . I used to work with PowerPoint and Excel when I worked at a quality assurance department . "
"That's good . When we give a presentation in a hotel while promoting the industrial park, we will have to use PowerPoint . "
"I was thinking about it too . I think you give me the contents of the presentation since you know better than me, then I will make the presentation material using PowerPoint . "
"Okay, I was going to do it . "
"Let's buy some liquor and cosmetics at the duty-free shop over there . "
Gun-Ho purchased two bottles of liquor and cosmetics then handed them to Min-Hyeok .
"Why are you giving these to me?"
"Your father is at home, right? He doesn't drive a bus anymore . Bring those liquor to your father and give your mother the cosmetics . "
"Wow . Thank you, Gun-Ho . "
"Also, until you actually go to China, I will give you a basic monthly salary . Ms . Ji-Young Jeong at our office will send you a monthly salary of 1 . 5 million won to your bank account . "
"Whoa! You are giving me a monthly salary already?"
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"For the cost to learn the Chinese language, bring the receipts to our office . Our company will pay for your education as a training fee . "
"Thank you Gun-Ho . I hope I don't impose . "
"Don't say that . You will work hard for our GH Development Company to make a lot of money . "
"Haha . I hope we make a lot of money . "
"We will . "
Gun-Ho gave Min-Hyeok a tap on the shoulder while saying it .
Gun-Ho and Min-Hyeok were working to make this 1 . 5 million dollars small joint venture work out without knowing how valuable this experience would be for them .
When Gun-Ho and Min-Hyeok came back to Korea, everyone seemed to know about the joint venture already .
Manager Kang and Ji-Young brought the economic newspaper to Gun-Ho and made a fuss about it .
"Sir! Look at this!"
There was a big picture of Gun-Ho and the president of Jinxi Construction Company signing the letter of intent, on the economic newspaper . It said,
"A Korean company, GH Development will participate in developing Jinxi Industrial Park in Jiangsu Province, China . The industrial park will be located between Shanghai City and Suzhou Town in Jiangsu Province, which is known to be an excellent location for business . The president of GH Development, Gun-Ho Goo (34) stated that in addition to the great location of the industrial park, they will offer an exceptionally low rental price and excellent benefits such as corporate tax-free, and he expected many Korean companies to be interested in moving to the industrial park . "
Gun-Ho received a call from Jong-Suk .
"Bro, I saw you in a newspaper . I'm so envious of you . If you start the joint venture, give me a position there . "
"F*ck off, man . Those stupid journalists are writing fiction . "
Gun-Ho received a call from his sister as well .
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"Gun-Ho, are you in a newspaper? I heard it from Seung-Hee who was doing the insurance sales . You are doing great . "
"No, no, it's nothing . "
"I told our mom and dad . Dad bought the newspaper from a convenience store and made a newspaper clipping . "
"He didn't have to do that . "
"I will let you go, brother since you are probably very busy . "
Gun-Ho received a call from the Attorney, Young-Jin Kim who was working at Kim&Jeong .
"President Goo? I saw the newspaper . Good job . I'm sure you made the right decision . The business will surely go well since you are doing it with Professor Wang and Deputy Mayor Li . Congratulations . "
"It's just the beginning . I'm worried . I'm not so sure if I made the right decision . "
"I talked with Jien Wang on the phone . He said it is a Cash Cow business so you won't lose money in the worst case scenario . Also, he said that if Seukang Li gets promoted in the government, you will have better days with him in the future . "
"I hope so . "
"You will . "
Gun-Ho received another call . This time it was from a lady .
"Are you President Gun-Ho Goo?"
"Yes, I am . Who's calling please?"
"You don't remember me? It's at Hannam Town . "
"Hannam Town?"
"I am so disappointed . You already forgot about me . It's Mi-Hyang Jang from the Pine in Hannam Town . "
"Oh, I see . How did you get my number?"
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"I saw the newspaper that you are doing a joint venture with China . Congratulations . Why don't you stop by our restaurant; I'd like to give you a congratulatory drink . "
"Than… Thank you . "
It was from the hostess of the secret bar in Hannam Town .
Ji-Young received a call to the company phone and looked at Gun-Ho .
"What? It's for me?"
"Yes, this person wants to talk to you . "
"Me? Maybe because of the newspaper?"
"He said he is calling from Yangji Construction Company . "
"I've never heard of that company before . "
Gun-Ho took the phone while thinking it was weird .
"Hello, President Gun-Ho Goo . This is Gwang-Ho Yoo, the president of Yangji Construction . "
"How can I help you?"
"I am calling to talk about the land you own in Gangdong District . "
"The land? What about it?"
"I'd like to talk to you in person . Are you available right now?"
"Yes, I am in the office . "
A man in his late 50s came to Gun-Ho's office . He was with another man who looked like in his 40s and was neat looking .
"I'm Gwangho Yoo, the president of Yangji Construction . "
"I'm Gun-Ho Goo . "
Three men greeted each other and sat on a table . Jin-Young brought green tea .
"You acquired the vacant lot in Gangdong District . As a matter of fact, we were very interested in that land and we missed it . "
Gun-Ho was wondering why these people came to him while giving them a wary look .
"First, congratulations on acquiring a very good real estate property . As you already know, that land is situated in an excellent location for an office-tel . If you plan to build a building there, I'd like to work with you . We have brought our portfolio that shows our work so far . "
The president of Yangji Construction handed Gun-Ho a pamphlet .
Gun-Ho slowly talked to them after looking at the pamphlet .
"I have no plans to build anything yet . I don't have money for it . "
"No one builds a building these days with their own cash . "
"Then how do they build a building without money?"
"I've looked at the real estate registration of the land, and there was no lien or anything attached to the land . So, you can borrow money from a bank with the land . Once you build an office-tel, you won't have to worry about lease or sell because of the location . "
"Building a property there will take around one or two years . Then how do I pay the loan interest during that period?"
"Say, you borrow 5 billion won . The interest will be about 300 million won, then you can build a building with the remaining 4 . 7 billion won . "
"If I wanted to build a 15-floor building, the cost will be twice more than that . I don't think I can handle the cost and the loan interest . "
"Sir, you don't have to wait until the building is completed to sell it . You can sell it before the completion . You can pay off the loan before the building is even completed . "
"Well, I will have to think about it . I've spent too much money already on acquiring the land . "
"You will have to pay a lot of property tax on a land like that . It's 200 pyung large and located on the main road of Seoul City . It's better to build an office-tel and sell them off . "
"I don't know . "
"Once you build the building, you can just give the sales work to an agency . You don't have to do anything . You can just sit there and collect money . "
"I'm not sure . "
"Well, just give us a call any time . We will be waiting for your call . "