Chapter 123
Gun-Ho lent 200 million won to President Park of YS Tech .
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President Park deeply appreciated Gun-Ho's help .
"Thank you so much, Mr . Gun-Ho Goo . You are lending me the money with a bank interest . I do really appreciate it . "
"I am sorry that I couldn't get you a better deal for this . "
"Don't say that . This is the best offer I could receive . I'm sure that my employees will be very happy . Mr . Gun-Ho Goo, I feel much happier when I see my employees being pleased rather than when my personal assets increase . "
"I do respect you, sir, with your noble mindset . "
"Thank you . Oh, give me your bank account number where I can send the loan interest . "
"This is a copy of my bank account . You can use this account to pay the monthly interest . "
"Here is my statement saying I transfer you all of my factory equipment if I can't pay you back . "
Even though Gun-Ho lent his money to the president of YS Tech, he knew the company's business wouldn't get better .
"YS Tech won't be able to survive without Mulpasaneop . If Mulpasaneop doesn't stabilize its business and financial situation, YS Tech will continuously suffer, and I won't get repaid for the money by them . "
Gun-Ho thought about the value of the YS Tech factory equipment in case the president couldn't pay him back .
"It's not going to be even 20 million won . However, I feel like the burden was being lifted off my shoulders . I sort of paid off the generosity the president gave me years ago . "
Gun-Ho felt good, and he hummed while driving back to Seoul .
Gun-Ho noticed that many shares of Kumho Chemical started appearing on the market for sale .
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"Hmm, they started moving . "
The stock manipulators put some of their stocks on the market for sale and the price of stock began to fluctuate .
"F*ckers! Why don't they leave it alone?"
Gun-Ho joined the movement and put his stocks worth of 3 billion won on the market for sale . The price of the stock started going down . The little investors were clamoring .
"Why is the f*cking company not doing anything about it? Are they not monitoring their stock?"
"I will go to their next board meeting and make a complaint!"
The little investors were having a heated discussion about the stock in the online stock discussion website .
The next day, the manipulators continued to sell their stocks .
"I guess these manipulators don't have enough fund to wait anymore . Once the price became double, they started selling their stocks . They should have kept them until the price went up more . "
Gun-Ho sold his 5 billion won worth of the stock, and the price went down even more .
The little people clamored fiercely .
"What's the bottom of this?"
"Is the company on fire? What's going on? How come does the stock price go down rapidly?"
Once the price of the stock went up a little bit, many little investors decided to sell the stocks bearing the loss .
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Gun-Ho kept monitoring the stock .
"As soon as the stock market opened, people started selling the stocks . Okay, then I'm selling mine too . "
Gun-Ho put his stock worth of 3 billion won on the market . The price of the stock went down steeply . The little investors panicked . The representative of the Kumho Chemical was having a hard time explaining the situation .
"Nothing special is going on with the company . The stock price fluctuation is just a temporary situation due to the demand and supply . "
Gun-Ho felt sorry for the little investors, but he sold all of his stocks of Kumho Chemical that day . He participated in the stock manipulators' work .
Most of the little investors sold their stocks in fear even though they had to bear the loss .
Gun-Ho opened his stock account .
"The estimated value of the stock was 30 billion won, and I actually made only 28 billion won by selling the stock because I participated in selling the stocks even when the price was going down . "
Gun-Ho lost 2 billion won but it was okay because he was going to buy the same stock again at a lower price . Once Gun-Ho started buying the stock after the stock price went down low enough, the manipulator began to buy the stock as well . The trading volume indicated the fact .
Once Gun-Ho purchased back the stock worth of 28 billion won, the price of the stock increased . An article in an economic newspaper talked about it .
[After the steep price drop of the Kumho Chemical stock, the price of the stock went up again and stabilized . The company was doing well and its international sales have been growing . The world petrochemical industry is optimistic . ]
After the positive news articles on Kumho Chemical, Gun-Ho's estimated value of the stock became 30 billion won again . However, since he purchased the shares at a lower price, the number of shares he owned now was higher than before .
"The price of this stock will stay about the same for a while . The remaining little investors will gradually sell their stocks . Their average price per share of the stock is higher than mine . "
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Gun-Ho closed the stock trading website .
"All I need to do now is to wait . The price won't change much for at least several months from now . The people who purchased the stock on credit or with a loan will have to sell their stock sooner or later even though they would lose money by doing so . Money always takes the rich's side . "
Gun-Ho received a text message from Attorney Young-Sik Kim at Kim he wanted Gun-Ho to call him .
"It's about lunchtime . I guess it is a good time to talk with him . "
Attorney Kim's phone rang and he answered the phone .
"Hey, it's me . "
"What's up?"
"Do you remember Richard from Lymondell Dyeon, who you met last time? He is visiting Korea soon . "
"Does he want to have a drink again?"
"No . This time he is visiting an automobile parts manufacturing company in Pyeongtaek City . "
"Really?"
"It seems that he is coming to visit that company to discuss the possibility of establishing a factory for Lymondell Dyeon . "
"I hope it goes well . "
"He actually wants you to come with him when he visits that company . "
"Me? Why? I have nothing to do with automobile parts stuff . I am doing a rental property business . "
"He likes the fact that you used to work at a plastic factory as a mechanic . "
"Haha . I was just a factory worker . Why is he interested in my humble factory experience? He would be able to meet with lots of engineers with Ph . D . in that company's research center . "
"Richard has good eyes in recognizing the right people . Why don't you join him? You will learn a lot of new stuff . "
"I can accompany him, of course; it is no problem at all . However, I'm afraid that I might not be of any help to him . "
"What about next Wednesday?"
"Okay, Wednesday sounds good . "
"By the way, aren't you going to the golf field yet? You have been practicing golf for a year now . "
"Sure . I guess it is about the time . I will purchase a golf membership for the field . "
"A golf membership? That is very expensive . The price of the membership is in the range from several tens of millions to several hundreds of millions of won . I use the business membership of Kim&Jeong whenever I need to go to the field . "
"Is that so?"
"Let's have a round of golf with my law firm's membership when President Amiel comes to Korea . "
"I don't want to impose . "
"Don't worry about it . Amiel is a bad golf player . You can purchase your own golf membership later . "
"Okay then . Let's do that . "