Chapter 235
Mr . Brandon Burke had other personnel to take an English version pamphlet about Pyeongtaek Port International Passenger Terminal, and take several pictures of the port himself .
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Gun-Ho continued to talk to Mr . Brandon Burke .
"I understand that you have found several issues during the investigation of our factory; however, those issues can easily be corrected and we will correct them gradually . But it's not easy to find a factory that is located 20 minutes from an international port like this . If we start a joint venture together in this location, both of Lymondell Dyeon and GH Mobile will achieve what they want . It will be a win-win situation for both companies . "
"You said you have the appraisal report on the land, right?"
"Yes, it was appraised by Korea Appraisal Board . I will give you a translated version of the appraisal report . In addition, I will give you the pictures and floor plan of the storage in Suzhou Industrial Park in China . "
On the final day of the Lymondell Dyeon's investigation, Attorney Young-Jin Kim from Kim & Jeong Law Firm came to Gun-Ho's factory in Jiksan Town . Attorney Kim asked Mr . Brandon Burke with a broad smile .
"Has your investigation completed? How was it? The factory's location is excellent and President Goo is loaded with funds . They have quality workers with advanced technology . You wouldn't be able to find a better partner than this . Why don't you make a letter of intent before you leave today?"
Mr . Brandon Burke smiled .
"A letter of intent? It's too early to do that . "
Gun-Ho added,
"A letter of intent is just a letter to show our intention to do business together . It's not a contract . It will serve though as deterrence, so other companies can't try to compete now to be a partner for this specific matter . You and I, we both have the authority to make a decision on the joint venture matter . We can do it if we want . "
"Well, it is still too early for it . "
"Let's have lunch first and make a letter of intent before you leave for Seoul at 3 pm . I will ask the press to join us . "
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"Let us have some time to discuss . "
Gun-Ho showed Mr . Brandon Burke's party a small meeting room, so they can discuss comfortably in private .
After heated discussion among them, Mr . Brandon Burke's party walked out of the meeting room . Attorney Young-Jin Kim approached them with a smile .
"Have you made a decision?"
"Well… We haven't yet…"
"It shouldn't take that long . "
"Egnopak also showed their interest in doing the joint venture with us, and we need to compare the pros and cons of two companies…"
Gun-Ho said,
"I understand that Egnopak is an attractive company which is located in Jinwi Town . They have more than 3,000 employees and it is a KOSDAQ registered firm . I believe they have more than 100 workers in their research center alone . However, they don't have what we have . Also, they want the joint venture to be 51:49 . "
"That's true . "
"A joint venture must start equally between co-venturers, that's what I believe . When they demanded 51:49, they were saying that they want to control the joint venture without being interrupted by Lymondell Dyeon . To be honest with you, Mr . Brandon Burke, I have more funds than the president of Egnopak . "
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Mr . Brandon Burke was thinking while rubbing his chin .
Attorney Young-Jin Kim pushed him a little bit .
"Let's sign a letter of intent . If we do it, Egnopak will give up . "
The interpreter added to it,
"I used to work for M Mobis and I retired from that company . I also once worked in New York as their branch manager . And we had a chance to work with the Egnopak's president at that time, and I remember that the president had a very bad disposition . I was told that his family was on a serious power trip against the employees of Egnopak . There was also a rumor about his sexual harassment . "
"Sexual misconduct?"
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Mr . Brandon Burke frowned .
At that moment, Attorney Young-Jin Kim asked Gun-Ho with a loud voice,
"President Goo, how much funds are you planning to invest in the joint venture?"
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"Authorized capital of 20,000,000 dollars!"
Mr . Brandon Burke jumped up from his seat .
"Let's do it!"
Gun-Ho asked for the general affairs manager .
"Ask journalists to come and join us when we sign a letter of intent . Call the newspaper in the area and the three major newspapers: Chosun, Joongang, and Donga Ilbo . Also, call the branch manager of the economic newspaper in Cheonan City . Tell them GH Mobile in Jiksan Town, Cheonan City will sign a letter of intent to start a joint venture with the multinational company— Lymondell Dyeon at 3 pm today . "
"Yes, sir . But I think we need to give them some token of gratitude if they come . "
"Give them transportation expenses . We will show them our respect that way . "
"Yes, sir . I will contact them right away . "
Gun-Ho drafted a letter of intent and let the interpreter translate it into English . The interpreter seemed to have drafted this kind of papers when he previously worked for a big company, it didn't take him even 10 minutes to finish the translation . Gun-Ho handed it over to his secretary to type .
At 3 pm, a journalist from a local newspaper and a branch manager of a newspaper publisher arrived . Gun-Ho asked the general affairs manager to prepare a camera .
Gun-Ho showed the English version of the letter of intent to Mr . Brandon Burke . Mr . Burke grinned as he reviewed the draft of the letter .
"We can make changes if we want at any time . "
Gun-Ho and Mr . Brandon Burke signed on the letter of intent . In order to make it formal, Gun-Ho asked GH Mobile's directors and managers to stand behind along with the other two personnel from Lymondell Dyeon . The journalist from a local newspaper took pictures, and the general affairs manager of GH Mobile took pictures too . The branch manager of the daily newspaper didn't bring a camera; he just asked the general affairs manager to send the pictures to him and gave his phone number .
Gun-Ho sent out the picture to every single newspaper publisher in Korea via fax .
The following day, an economic newspaper and a daily newspaper talked about GH Mobile's possible joint venture with Lymondell Dyeon . They said that GH Mobile located in Cheonan City would build a chemical factory in Asan City, Chungnam province with the multinational company—Lymondell Dyeon . Even though Gun-Ho didn't even start building a factory in Asan City yet, the newspapers put a picture of GH Mobile's factory in Jiksan Town and made it sound like it was the joint venture factory in Asan City .
The president of Egnopak read the newspaper and he became furious .
"What is GH Mobile? Who is the f*cking President Gun-Ho Goo of GH Mobile?"
The Egnopak's president threw a cup of water against his office wall and screamed in outrage .
"That f*cking Lymondell Dyeon made us believe that they would do a joint venture with us and then they signed the letter of intent with another company . That son of bi*ch . I won't let it go easily . The company's name is GH Mobile . I will remember the name . "
Gun-Ho asked for the general affairs manager .
Please take Mr . Brandon Burke's party to Seoul safely . Let them stay in Ritz Carlton Hotel in Gangnam, Seoul City and give them a tour in Seoul tomorrow . You can show them Gyeongbokgung Palace and Namsan Tower . Have lunch in a decent restaurant too . They are scheduled to fly to the U . S . in the evening tomorrow, so they should have plenty of time to have a tour . Ask the accounting manager for a company credit card . I will call her and ask her to prepare the credit card for you . "
"Yes, sir . "