Chapter 133
All of Gun-Ho's attention was being paid to the Kumho Chemical stock right now . Its price hiked three times up, and it made Gun-Ho's currently retaining stock value over 90 billion won .
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Gun-Ho was holding on to the stock without selling it just yet . He decided to keep it for now because he didn't hear anything about the reconciliation of the two brothers of Kumho family .
"I am certain this stock's price will go up higher . I just have to suppress my urge to sell it!"
Gun-Ho wanted to tie his hands somewhere so he wouldn't be able to sell the stock . He didn't even open the stock trading website on his computer for some time now .
He eagerly wanted to acquire Mulpasaneop . The price of the acquisition was not a problem for Gun-Ho . The real problem would come along after he purchased the company . He would have to take over all debt that the company had, and he was not sure if he could handle it .
"Their debt is definitely more than 50 billion won, and there is possibly more to it that is hidden somewhere . "
Gun-Ho just kept an eye on the company for now .
He could acquire the company right away once he sold all of his stocks . However, that was not what he wanted to do because it was too risky . If something went wrong after he acquired the company, then he would lose all he had .
"I have to look before I leap . "
Gun-Ho was being extremely careful . He knew what his life would be like without money by experience, so he didn't do anything reckless or careless with his money . When he wanted to invest in something, he always thought about it twice or three times before doing it .
It seemed that the joint venture between Lymondell Dyeon and the Korean company—Egnolak—didn't work out .
Gun-Ho made a call to Attorney Young-Jin Kim to ask about it .
"Attorney Kim? How's the joint venture of Lymondell Dyeon going?"
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"It's not going anywhere . I guess it won't work . "
"I see . "
"The president of Egnopak is demanding too much . "
Egnopak was well known as extremely particular about hiring their employees among job seekers as well . The company posted a job advertisement for an entry position every year, and the competition was over 100:1 . They demanded extremely high qualification on the job candidates as well .
"I remember that it was impossible to get into this company with a college degree from a province . "
Gun-Ho had heard about it from people who were studying in Noryangjin .
"My older brother graduated to a mid-ranked college in Seoul, and he scored 950 in TOEIC . However, Egnopak rejected him based on his papers; they didn't even bother inviting him for an interview . "
"That company also requires many specific things to be included in a personal essay that needs to be attached to the job application . "
"Instead, they pay very well . Even an entry position receives 50 million won per year . "
Gun-Ho should have felt honored to be with the owner-president of this famously particular company in the same space and to have a cup of tea with him . The president who had a large round face like a car wheel with small eyes was often seen in the media .
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Gun-Ho remembered a news article he read years back about the president .
"Our company is looking for a new employee who had a sense of ownership about the company he is working for . I came this far after overcoming all sorts of management crisis . "
Gun-Ho chuckled .
"His father acquired a factory that Japanese people left behind before returning to Japan . It was right after Korea gained its independence from Japan . That was how the Egnopak president's father built his wealth . His father was a pro-Japanese person; he had even contributed a plane to Japan, and his daughter is a professor at a good university in Seoul . She must be doing very well in school, huh?"
Gun-Ho made a call to Attorney Young-Jin Kim again .
"Hey, it's me again . How much did you say was the total investment fund that Lymondell Dyeon and Egnopak agreed on for the joint venture?"
"It's 20 million dollars . "
"Hmm . Then each company will have to come up with 10 million dollars . 10 million dollars is a lot of money . "
Gun-Ho thought that Egnopack would invest in kind by contributing land to build a factory on and construction of a factory and preparing the necessary equipment .
'With 10 million dollars, they can build a factory in a province with all kinds of advanced technology in it . They would be able to bring ten extruders by purchasing them instead of leasing them . However, it's funny that Lymondell Dyeon had to invest 10 million dollars . They will need to bring raw materials, but it won't cost them much . Their intangible asset—goodwill—must be worth substantially . It's like the premium I had to pay for the restaurant I purchased in Noryangjin . Well, if I can make a lot of money, then I am willing to pay for a high premium . '
Attorney Young-Jin Kim was representing Lymondell Dyeon, and he was on their side, of course .
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"Lymondell Dyeon is a global company . Why would they go through all these hassles to work with Egnopak?"
"Then, is Amiel looking for another Korean company to do the joint venture with?"
"He is not rushing . The joint venture with Japan is selling a significant number of products right now anyway . "
"I see . The Japanese market is large . That makes sense . "
"Oh, by the way, Amiel is asking for you to come to Japan to visit him with me . Would you like to go?"
"That sounds good . "
"I am currently working on a case about the issuance of foreign convertible bonds for a big company . So I don't have time for the trip this week . How about next week?"
"Convertible bonds? Isn't it handled by a stock company?"
"Companies want to consult us because of legal issues around it, and the papers are all in English . That's how a person like me makes a living . Overseas convertible bonds are handled by Morgan Stanley or Goldman Sachs . Korean stock companies handle it as well . "
"Oh, I see . "
"I think the work will be completed by the end of this week . So, let's go to Tokyo next week . "
"Okay . Just let me know . "
Gun-Ho decided to take a trip to Japan and have fun there in order to distract himself from feeling an urge to sell his stock .
Attorney Young-Jin Kim from Kim&Jeong completed his overseas convertible bond work and took a vacation . He was ready to go on a trip to Tokyo with Gun-Ho .
Since it was not a business trip for a legal work assigned to him by the law firm but it was purely his personal trip, Attorney Kim had to pay for his own travel expenses this time .
"President Goo? I will make a reservation for a hotel . We'd better save money, right?"
"Which hotel are you going to reserve?"
"I know a less pricey hotel around Minami-Senju Station . Amiel's office is close to the station as well . Nihonbashi is around there too . "
"We don't often go to Tokyo . Let's stay in a good and decent hotel . I will pay for it . "
"Whoever pays for a hotel, we don't have to waste our money, right?"
"I will make a reservation for a hotel . New Ontani Hotel in Akasaka looked good . I saw the hotel last time I went to Japan for a tour . "
Gun-Ho had once been to Japan before . He went there for a tour after he had come back from China . At that time he couldn't afford to stay in an expensive hotel like New Ontani . However, he was different now . He had 90 billion won worth of stock in his account . "
"I won't be able to buy your flight ticket, but I can pay for the hotel we will be staying in . It will be just for three nights or so . "
"But still…"
"Don't worry about it . I will take care of it . I will talk to you later . "