Chapter 144
Byung-Chul Jo's father passed away, who was one of Gun-Ho's high school classmates . Won-Chul Jo—the president of WestFacing Club which was organized the last time when Gun-Ho's high school friends got altogether, contacted every member of the club to let them know the news . Won-Chul contacted Gun-Ho as well .
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"The funeral hall is at the Gil Hospital in Incheon since Byung-Chul's parents were still living in that area . "
"I see . I will come by tomorrow evening . "
"I will be there tomorrow evening as well . I sent a text message to all of our friends to be there between 7 pm and 8 pm tomorrow . I will see you then . "
"Okay . Byung-Chul's father was still young . "
"I know . I was told that he had liver cancer . He was a retired high school teacher and was receiving good retirement pay . He was not even 70 years old when he passed away . "
Gun-Ho sent a funeral flower wreath to the funeral hall with his company's name on—President of GH Development .
When Gun-Ho arrived at the funeral hall the next day, he saw several friends who were already drunk .
"Hey, Gun-Ho . Come on in . "
Gun-Ho's friends now treated him with respect . They made a vulgar joke or talk to each other, but they didn't do it to Gun-Ho . Some friends even tried to butter Gun-Ho up .
"Did you send money to Jae-Sik too?"
"Jae-Sik? Jae-Sik Moon?"
"That as*hole swindled us . He told us that bullsh*t that he made an alumni directory book . "
"What? That was a lie? So he didn't make an alumni directory book at all?"
"I knew he was lying, so I didn't send him any money . "
"Ha . "
"Gun-Ho Goo, you sent him money too, right?"
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"Yeah, I did . "
"How much did you send him?"
"100,000 won . "
"What? Why 100,000 won?"
"He told me that he wanted to send one alumni book to our teacher too . "
"Sh*t . That f*cker took our money and ran away . "
"Do you know where he went?"
"How do I know? If I knew where he is, I would go twist his neck badly . "
Gun-Ho felt somewhat sad about all these while drinking a glass of soju with a piece of Korean spring onion pancake . Gun-Ho thought that Jae-Sik must have desperately needed the money and it reminded him of his old days when he was having a hard time paying the interest of the sunshine loan and credit card bill .
"The friends he could successful deceive and take money from were about 30 to 40 people . The total money he took should be less than 2 million won . I hope that eased his hard life a bit . "
Gun-Ho didn't blame Jae-Sik Moon . Gun-Ho thought he could understand the despair that Jae-Sik must have been feeling right now .
A few friends who arrived a bit late bowed to the deceased and then gathered around Gun-Ho .
"Hey, Gun-Ho . "
"Good to see you, Gun-Ho . "
Gun-Ho just kept drinking while thinking of Jae-Sik Moon's situation .
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Gun-Ho stood up from his seat to go home and told his friends that he'd better leave now because he had to drive a long way to his home . Byung-Chul who lost his father came and talked to Gun-Ho before he was about to leave .
"Thank you, Gun-Ho for coming today . "
Gun-Ho looked at Byung-Chul's face; he was wearing thick glasses . He seemed to be so slim; the work at the research center must be hard . His brother who looked just like Byung-Chul looked skinny as well .
Gun-Ho remembered Byung-Chul as the most brilliant student in high school . The principal used to praise him a lot for his good work in school and said he had a promising future . Byung-Chul was even ranked number one in the national mathematics competition at that time . However, Byung-Chul today looked shabby and insignificant; Gun-Ho couldn't figure out why .
Gun-Ho received a call from Mulpasaneop's president—Se-Young Oh .
"Can we meet?"
"Sure, I will come there as early as I can . I often go to the area because of business with other companies anyway . "
"Oh, really? That's good . I will be waiting for you then . "
When Gun-Ho arrived at Mulpasaneop, the accounting manager—Min-Hwa Kim greeted Gun-Ho . Gun-Ho gave her a box of cookies .
"Oh, what's this?"
"It's walnut cookies . I bought it on the way here . "
"Haha . Thank you very much . The president is expecting you in his office . "
When Gun-Ho opened the president's office door and entered, the president was sitting in a chair with his head tilted to one side . He must have been dozing off . When he saw Gun-Ho, he greeted him with delight .
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"Thank you for coming . "
"Of course, I should come . "
"My younger sister is blaming me and said that I am holding her life back . Can I borrow 200 million won from you? You can use my condo in Bangbae Town as collateral . "
"With interest?"
"Yes, but I can't pay high interest though because I don't get paid much now . After the court receivership started, the court let me take only 3 million won per month for my living expenses . "
"Okay, then I will lend you the money with bank interest, with one condition . "
"One condition? What would that be?"
"Hire me as an employee at this company . I will be working only during the court receivership period . "
"That…, that's not…"
"The officers appointed by the court will decide the fate of the company . Once they decide it is better to sell the company, they will revoke the court receivership . "
"Hmm . "
"If that happens, the company will possibly be sold off in pieces . "
"Hey, look . This company is more than 30 years old . It won't collapse that easily . "
"It's not just creditors that you have to worry about . Once the court receivership is revoked, all of the employees will leave the company because they know they will not get paid at all . The secured creditor will then start the sales process . "
"Hmm . "
"Once I start coming to this company as an employee, I want to begin to collect information to know about the character of debt, the state of current debt like outstanding balance, the assets, etc . That way, when you have to sell the company through an M&A, the process will be quick . "
"Hmm . "
The president was in a difficult position; he was just staring at the ceiling . If he said he wouldn't let Gun-Ho in the company then Gun-Ho would probably just leave . If that happens, then his sister won't get her 200 million won anytime soon .
"I will have to talk with the officers sent from the court about hiring you . "
"Of course . I understand . I will meet with the officer on my own, and I assume that you agreed to hire me . "
"I am not getting along with those officers, so I won't introduce you to them myself . If you join our company as an employee, I will welcome you . I have no reason to oppose to hire you . You will rather be helpful to me since you are very knowledgeable about monetary issues . "
Gun-Ho knocked on the door of the officer's room, who was placed in Mulpasaneop by the court .
"Please come in . "
Gun-Ho sat on a chair placed in front of the officer's desk .
"I am Gun-Ho Goo . I am running a non-bank financial institution . "
As he introduced himself to the officer, he handed his business card to the officer .
"I've seen you coming in and out of the president's office lately . This company is in the process of the court receivership and it won't be able to borrow any money . "
"I am not here to lend money . I am more interested in M&A . "
"The examiners appointed by the court haven't finished the investigation yet . "
"I believe they will eventually determine that it's not worth keeping the company since it doesn't generate enough sales revenue . "
"We don't know yet . As I said, the investigation hasn't completed yet . "
"You are aware that once it is decided that the company shouldn't continue the business, you need to start the sales process to a third party, right?"
"I am . I have worked as a court officer for a number of companies that applied for court receivership, and I also worked as a bank branch manager before . "