Chapter 121: 121
Gun-Ho and General affairs manager walked out of the Izakaya pub .
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"General affairs manager Hwang, you can't even stand straight . I will call a paid designated driver for you . "
Gun-Ho asked the Izakaya pub owner to call a paid designated driver for him .
Gun-Ho walked to a motel close to Dujeong Station where he had parked his car earlier . He decided to spend a night in a motel rather than driving all the way to Seoul that night .
"Let's stop by Mulpasaneop's factory on the way to Seoul tomorrow morning . "
Mulpasaneop's factory was located in Yeongin Town, Asan City .
Even though the factory was not manufacturing products as many as before, the 5,000 pyung large factory still looked majestic . A security guard was still working at the main entrance and there are many trucks in the parking lot . There were just not many people seen outside the factory .
"Let's get the real estate registration of this factory . "
As soon as Gun-Ho arrived at his office, he turned on his computer and searched Mulpasaneop on the Internet . He could easily find its address and a location map .
He then opened the court website to request the real estate registration of that factory .
"The provisional seizure has already been issued . "
Gun-Ho continued to read the section of the real estate registration where the provisional seizure and the mortgage loans are listed in .
"Sh*t, there are many provisional seizures for unpaid wages . The company seems to be in big trouble . "
Gun-Ho was wondering how much the Mulpasaneop factory would be worth .
"The land is over 5,000 pyung, so it would be more than 5 billion won, without adding the price of the factory building since the building is already too old to price . "
Gun-Ho wanted to acquire this factory .
"Can I handle their situation? They seem to have a lot of debt . "
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Gun-Ho started thinking about acquiring the Mulpasaneop's factory .
Manager Kang came back from his business trip to China .
"Jinxi Industrial Park in China is awesome . The land is huge and the newly constructed factory is so big as well . I admire you, sir . You are the co-venturer of that industrial park . "
Gun-Ho smiled .
"What did other people say about it?"
"They seemed to fall in love with the industrial park after having a tour of the factory and the industrial park . The required security deposit of 200 million won is not much for the people who run a big factory . I guess many of them will make a contract soon . "
"The factory is a prefabricated building . Have you seen any part of it leaking?"
"I… don't know . "
"When I worked in a factory before, a prefabricated building had leaking issues . Especially, it rains a lot in the area where the industrial park is located…"
"I haven't heard of the leaking building issue . It is a newly constructed building . "
"How's Min-Hyeok? Is he doing well?"
"I didn't know what he was capable of when he was working as a residential manager in the OneRoomTel . He is really doing great as a president of the joint venture in China . "
"How great is he there?"
"He is managing workers effectively and he already speaks simple Chinese . And he knows a lot about a factory . "
"He used to work in a quality assurance department in a factory . He knows well about ISO too . "
"You have good eyes in selecting good workers, sir . President Min-Hyeok Kim looked really different from the time he was working as a residential manager . "
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"Haha, really?"
"He was a great host for the tour group . He seemed to know how to make their visit pleasant and offer food in a friendly and appropriate way and so on . When we all participated in karaoke, the visitors absolutely loved him . "
"That sounds great . I hope that led them to make an actual contract . "
"Two companies already made a contract . You will see more details about it in the next weekly report . We could make a contract right away for those two companies because the companies' owners were there, who are the decision makers . "
"Haha, really?"
"And, this…"
"What is it?"
"I bought a tie for you at the duty-free shop . "
"Haha, really?"
"And this is for Ms . Ji-Young Jeong . "
Ji-Young's eyes widened .
"For me?"
"I purchased cosmetics for you . "
"Oh, thank you so much . "
Ji-Young looked happy and satisfied .
Gun-Ho got lost in thought while looking outside the window .
"They can now build eight factories . The monthly rent from those companies will be about 15,000,000 won . That is enough to pay those 30 workers' wages in China . My friend, Min-Hyeok, I guess you can stay as a president of the company at least for a few years while riding the Audi . "
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After the joint venture had been established, it became fall after summer .
Gun-Ho received a call from Manager Hwang of YS Tech .
"Mr . Gun-Ho Goo? How are you? I am calling to ask you if you happen to know any short-term hard money lender . "
"Why? Do you personally need money?"
"No, YS Tech needs to borrow money . The president asked me to look for a hard money lender . "
"Did they ask a non-bank financial institution to borrow money?"
"We already borrowed too much money using the factory as collateral, so they refused to lend money to us . "
"Didn't Mulpasaneop pay YS Tech for the products yet?"
"They haven't paid for this month yet . It's getting late . We need to pay to our employees soon . We just need 200 million won sharp . "
"Hmm . "
"Mulpasaneop is currently considering the court receivership . "
"Really? You should get the payment for the products delivered to Mulpasaneop as soon as possible . Once they start the court receivership, you might not be able to get the account receivable . "
"Nothing much we can do if they just don't pay . "
"The president of Mulpasaneop is the YS Tech president's brother-in-law . He should insist on getting his payment . "
"I will tell him . "
"As to a hard money lender, you can easily find a list of them on the Internet . Just call them . "
"Okay . "
Gun-Ho wanted to help the YS Tech president since he owed the president big time .
"He doesn't have any asset to use as collateral . If I lend money to him without collateral and if he couldn't pay me back, the relationship between him and me could be broken forever . I should find a way that I can constantly help him, rather than giving him just one-time help . "
Gun-Ho was thinking deeply . He could lend 200 million won to him; that was not a problem at all . However, he was worried about the possibility that could hurt the relationship if something went wrong .
After two days, Gun-Ho gave a call to Manager Hwang at YS Tech .
"Did you borrow money from a hard money lender?"
"They said they couldn't lend any money without collateral . After reviewing our financial statements and credit score, they just declined our loan request . F*ck . "
"How about the wages you had to pay?"
"We couldn't pay the workers yet, and they are certainly concerned . "
"What's the total amount of wage you need to pay for the month?"
"We don't have many employees anymore . We have about 65 workers and 200 million won will suffice . "
"Hmm . "
"I have to pay my credit card bill this month . I am worried about my payment too . "
"Could you tell the president that I will come by tomorrow to talk with him?"
"You are going to meet the president? Why?"
"I think I can get him some money to borrow . "
"Really? You shouldn't lend your personal funds to the company . I can see that you are making good money lately but don't use it like this . You could lose all of them . "
"No, I just want to talk with him . "
"It's 200 million won . You could blow it . You shouldn't lend your personal money . The company should borrow money from a bank or from another company . You are just so naïve . "
"I don't have that much money . I just want to introduce a hard money lender that I know . "
"Oh, really? In that case, I will let the president know that you are coming tomorrow . "